CES semi-solid state lidar will be unveiled this week, and it is expected to take the lead in getting on the bus in 2022
1. Hundreds of schools of thought contend for ces 2022 lidar products. 1) Hesai technology has won millions of fixed-point semi-solid radar at128 equipped with self-developed chips. 2) Suteng juchuang’s M1 lidar using MEMS route has once again become the focus. It was delivered for the first time in the first half of 2021. At present, it has obtained orders from Byd Company Limited(002594) , GAC AIAN, Weima automobile, jikrypton and other automobile enterprises. 3) Innovusion brings the semi-solid long-range lidar falcon, which will become the standard front mounted lidar of Weilai et7 and will be delivered in Q1 2022. 4) Luminar announced the deepening cooperation with Volvo at CES. Iris lidar will be carried on a pure electric concept car of Volvo. At present, luminar has more than 50 partners, including Volvo, SAIC Feifan, etc. In addition, Valeo’s MEMS lidar Scala 3 and velodyne’s semi-solid lidar H800 also appeared on this CES; 2. Semi solid state lidar is expected to become the mainstream choice for front loading of vehicle enterprises. At this stage, OPA, flash and other pure solid-state lidar are difficult to mass produce due to the high processing difficulty, small scanning angle and other technical difficulties have not been solved. Semi solid state lidars such as micro rotating mirror and MEMS, which also have the advantage of small volume, have begun mass production and delivery. According to the disclosed information, among the 13 front mounted lidar models mass produced in China in 2022, four are equipped with rotating mirror scanning lidar, one is equipped with solid-state lidar and eight are equipped with semi-solid lidar (including MEMS).
Lidar gradually reduces cost and increases energy, and the permeability is expected to accelerate in 2022
1. The downward trend of lidar price will continue. In 2020, Dajiang launched the vehicle specification level lidar as low as 1000 yuan for the first time. Huawei also said at the 2021 Shanghai auto show that it would reduce the price of lidar to $200; 2. In 2022, it will go down to the model of RMB 200000. The price range of models covered by lidar has been significantly lowered. At present, there are models with 200 + 10000 yuan such as Xiaopeng P5 and Nezha s, which are determined to be equipped with lidar; 3. Lidar boarding has begun to take shape in 2021 and is expected to accelerate penetration in 2022. In 2021, there are 19 models equipped with lidar. According to the current public information, at least 13 models will be equipped with lidar in 2022. With the gradual breakthrough of technical difficulties such as the chipization of optical transceiver modules, lidar is bound to reduce cost and increase energy, which is expected to become a common configuration in intelligent vehicles.
Investment suggestion: we believe that the growth of wholesale sales in the auto market is expected to reach 10% in 2022. With the deep recovery of inventory, wholesale and retail sales in the auto market is expected to usher in a synchronous recovery. 1. It is recommended to pay attention to Chongqing Changan Automobile Company Limited(000625) , Byd Company Limited(002594) , Great Wall Motor Company Limited(601633) of the upward cycle of the product and Saic Motor Corporation Limited(600104) with large replenishment space. 2. Suppliers of automotive electronics related parts are expected to achieve domestic substitution and price volume increase in the acceleration of the industry. It is recommended to pay attention to: Bethel Automotive Safety Systems Co.Ltd(603596) (EPB + wire controlled braking), Ningbo Tuopu Group Co.Ltd(601689) , Keboda Technology Co.Ltd(603786) (light control), Changzhou Xingyu Automotive Lighting Systems Co.Ltd(601799) (intelligent lamp), Huizhou Desay Sv Automotive Co.Ltd(002920) (Intelligent cabin system), Anhui Zhongding Sealing Parts Co.Ltd(000887) (air suspension), etc.
Risk tip: the mitigation progress of core shortage in the automobile industry is less than expected, the recovery of industry demand is less than expected, the process of automobile intelligent industry is less than expected, and the development of new energy automobile industry is less than expected.
