on January 17, the lidar sector rose as high as 5.5%, and several stocks rose by 10% or more. Insiders said that with more vehicles equipped with lidar, 2022 may become the first year of the outbreak of lidar.
Specifically, for individual stocks, Advanced Fiber Resources (Zhuhai) Ltd(300620) , Beijing Jingyeda Technology Co.Ltd(003005) , Ningbo Yong Xin Optics Co.Ltd(603297) rose by 10% or more, and Optowide Technologies Co.Ltd(688195) , Jiangsu Changshu Automotive Trim Group Co.Ltd(603035) , Zhejiang Crystal-Optech Co.Ltd(002273) , Ningbo Joyson Electronic Corp(600699) , torch technology, etc. rose by more than 5%.
the first year of lidar?
The reporter noted that the frequent investment in lidar by new energy vehicle manufacturers may be the fundamental reason for detonating concept stocks.
Recently, Yijing technology officially announced the completion of hundreds of millions of yuan pre-C round of financing. This round of financing is led by Xiaopeng automobile, followed by Shangqi capital, Dongfeng Bank of communications auto fund and old shareholder Intel Capital. Yijing technology said that this round of financing will be used for the iterative development of a full range of vehicle specification level front mounted mass production lidar products with long and short distance, and continue to promote the R & D and commercialization of vehicle specification level MEMS lidar solutions.
As early as October 2018, Weilai capital controlled by Li Bin invested in innovusion, a lidar start-up. Since then, Guotai Junan Securities Co.Ltd(601211) international, Shunwei capital and Temasek have successively taken shares in tudaton. At the end of December 2021, Byd Company Limited(002594) reached a strategic investment agreement and strategic cooperation framework agreement with robosense, a star lidar company, and officially took shares in robosense.
Why do new energy vehicle manufacturers get together to take shares in lidar company?
A number of securities companies recently released views that car companies have accelerated their embrace of intelligence. With the advancement of automatic driving from L1 to L5, lidar is already on the eve of the outbreak, and 2022 may be the first year of the outbreak of lidar.
The reporter noted that in 2022, new energy vehicles have changed from endurance competition to intelligent competition.
After Xiaopeng automobile announced that P5 was equipped with two lidars in September 2021, in January this year, Weilai released et7 on NiO day, which is equipped with tudaton’s Falcon lidar as standard. Since then, Weima, Jihu, Zhiji and salon all announced that their models were equipped with more lidars.
Yole, a French research institution, predicts that the overall market scale of lidar is expected to reach US $5.7 billion by 2026, and the CAGR of the industry from 2021 to 2026 is 23%. Among them, the market space of lidar used in ADAS (advanced driving assistance system) is expected to reach US $2.3 billion by 2026, and the five-year CAGR is as high as 94%.
In this regard, some insiders said that with the opening of the automobile front loading market, the cost of lidar is expected to be further reduced, thus forming a positive cycle of application.
The reporter noted that the price of tele-15 lidar of livox, a subsidiary of Dajiang, has dropped below 10000 yuan to 8999 yuan.
“In addition to lidar, smart cockpit, v2x and high-precision map are new investment opportunities.” In this regard, according to insiders, an intelligent networked vehicle needs to complete the three steps of “perception, decision-making and control”, that is, the three elements of automatic driving. Each step breeds a lot of investment opportunities.
What are the highlights of concept stocks?
\u3000\u3000 Advanced Fiber Resources (Zhuhai) Ltd(300620)
Advanced Fiber Resources (Zhuhai) Ltd(300620) said that the field of lidar is one of the important development directions of the company in the future. The company’s optical fiber device products such as isolator, beam combiner and coupler are applied to the field of unmanned lidar. Advanced Fiber Resources (Zhuhai) Ltd(300620) specializes in the design, R & D, production and sales of optical fiber devices, lithium niobate modulation devices and photonic integrated devices.
\u3000\u3000 Beijing Jingyeda Technology Co.Ltd(003005)
Beijing Jingyeda Technology Co.Ltd(003005) in interactive easy disclosure, the radar developed by the company is a mechanical (PRISM) scanning lidar, which can be applied to a variety of scenes. At present, the company mainly applies radar to rail transit scenarios and smart city scenarios, and has no plan to apply it in the field of automatic driving.
\u3000\u3000 Ningbo Yong Xin Optics Co.Ltd(603297)
As early as last August, Ningbo Yong Xin Optics Co.Ltd(603297) disclosed that the optical components such as optical lenses developed by the company can provide optical parts for automatic driving system and machine vision products, and have established business cooperation with machine vision providers and vehicle laser radar manufacturers.
\u3000\u3000 Optowide Technologies Co.Ltd(688195)
Optowide Technologies Co.Ltd(688195) said that in the field of lidar, the company currently provides precision optical components for some customers, which is still in the stage of sample delivery and small batch verification; The company has passed iatf16949:2016 automobile industry quality management system certification and obtained the certification certificate. In addition, in the field of fiber laser, the precision optical components, coated fiber devices, collimators, acousto-optic devices and other fiber device products produced by the company are mainly used in the pump source of the core optical system of high-power fiber laser.
\u3000\u3000 Zhejiang Crystal-Optech Co.Ltd(002273)
At the end of December 2021, Zhejiang Crystal-Optech Co.Ltd(002273) disclosed that the company’s lidar radome products have obtained a mass production order from a customer and are in small batch production. The company has business negotiation and communication with many well-known lidar manufacturers in the industry, and the company will accelerate the business cooperation with customers.
