Recently, Autel Intelligent Technology Corp.Ltd(688208) ( Autel Intelligent Technology Corp.Ltd(688208) ) disclosed the updated version of the prospectus for issuing convertible corporate bonds to unspecified objects and the reply to the second round of inquiry. The announcement said that the company plans to invest in the construction of Autel Intelligent Technology Corp.Ltd(688208) R & D center and the R & D project of new generation intelligent maintenance and new energy comprehensive solutions. The implementation of the raised investment project is conducive to improving the competitiveness and R & D strength of the company in automotive intelligent diagnosis and testing products, optimizing the company’s product structure and meeting the needs of the automotive aftermarket for “new three modernizations”.
overseas market brand awareness continues to improve
In recent years, Autel Intelligent Technology Corp.Ltd(688208) in the overseas market, the brand autel popularity has been gradually improved. The company’s prospectus disclosed that in 2017, according to the survey of about 46000 e-subscribers conducted by American PTEN magazine, 34% of the respondents had purchased Autel Intelligent Technology Corp.Ltd(688208) products, with good user brand recognition. Today, the figure has increased to more than 50% in 2021.
Autel Intelligent Technology Corp.Ltd(688208) said that thanks to the improvement of the company’s brand awareness overseas in the past, as well as the outstanding technical performance advantages such as vehicle pile compatibility technology, safe charging technology, smart battery detection technology and battery life extension technology, the company’s charging pile products have achieved relatively good results once launched overseas. Since the exchange pile products were sold at the end of last year, they have been successively sold in the UK, Singapore, France, the Netherlands, Germany Spain, Portugal and other countries have new orders and gradually delivered them.
adas calibration products grow rapidly
Autel Intelligent Technology Corp.Ltd(688208) 2021 performance express shows that the company’s total operating revenue in 2021 increased by 42.84% over the same period in 2020, mainly due to the company’s high R & D investment in intelligence and digitization, the continuous strengthening of product competitiveness, the continuous improvement of product recognition and brand image in the automotive aftermarket, the rapid growth of ADAS products, the third generation of comprehensive diagnostic products Software cloud service products and TPMS products have achieved rapid growth Autel Intelligent Technology Corp.Ltd(688208) disclosed that from January to September 2021, the company’s ADAS products achieved a revenue of 200 million yuan, a rapid growth compared with the annual revenue of 112 million yuan in 2020.
It is understood that ADAS calibration products are mainly used for the calibration functions of advanced auxiliary driving systems such as vehicle adaptive cruise control, lane departure warning, night vision and blind spot detection. Through the comprehensive integration of calibration tools, diagnostic software and calibration methods, the calibration efficiency of ADAS system can be greatly improved.
Autel Intelligent Technology Corp.Ltd(688208) said that the core competitiveness of the company’s ADAS intelligent detection and calibration products is mainly reflected in the compatibility of products with brands and models, the update speed, ease of use and efficiency of new models, calibration accuracy, portability and integration. At present, few manufacturers in the industry can provide ADAS intelligent detection and calibration products.
