Recently, Zongmu Technology submitted a prospectus to the Hong Kong Stock Exchange and plans to list on the Hong Kong Main Board.
The company is committed to leading the development of autonomous driving technology on a global scale, focusing on the wide application of L4 autonomous driving technology. Its business covers all aspects of the autonomous driving field, including software, hardware, system design and component integration. The company's comprehensive intelligent driving solutions support everything from L2+ level automatic parking to autonomous driving functions. In addition, the company's Drop'nGo platform supports the development and iteration of intelligent driving functions from L0 to L4.
Autonomous driving technology can be divided into levels L0 to L5 according to functional levels. Among them, L1 to L2 level technologies are classified as advanced driver assistance system (ADAS) solutions, while L3 to L5 level technologies constitute autonomous driving system (ADS) solutions.
The core of autonomous driving technology is built on a three-layer architecture: perception layer, decision-making layer and execution layer. The perception layer mainly obtains environmental information through on-board sensors and roadside assistance systems; the decision-making layer uses algorithms and application software to make decisions and formulate action strategies; the execution layer is responsible for controlling vehicle operations according to the instructions of the decision-making layer.
In the autonomous driving industry chain, the upstream is mainly composed of core component suppliers, including chip manufacturers, high-precision map providers and cloud service providers. The midstream segment is made up of companies that provide autonomous driving solutions, including traditional first-tier suppliers as well as emerging technology companies and industry giants. The downstream is mainly composed of automobile manufacturers (OEM) and travel service providers. Such an industrial layout ensures the continuous innovation and application promotion of autonomous driving technology.
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Zongmu Technology ranks fifth in China’s passenger car ADAS solution market, with a market share of 1.0%; -
Zongmu Technology ranks second in China's passenger car automatic parking solution market, with a market share of 4.9%; -
Zongmu Technology ranks first in China's passenger car APA parking solution market, with a market share of 5.6%.
Zongmu Technology's revenue mainly comes from selling intelligent driving products and solutions to OEMs and a smaller part from providing autonomous driving-related R&D services. The company relies on its full-stack R&D capabilities and uses the Drop'nGo platform to develop intelligent driving product solutions for OEMs, providing a complete set of solutions for new energy vehicles and internal combustion engine vehicles, mainly in the form of software-embedded domain controllers and automotive-grade sensors. Available, delivered as a complete set or individually.
- Domain Controllers: The company provides a variety of domain controllers for different levels of autonomous driving solutions, empowered by the company's proprietary software systems tailored for autonomous parking, autonomous driving or parking-in-one solutions.
- Car-grade sensors: including 4D millimeter-wave radar, high-resolution cameras, and ultrasonic sensors.
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Autonomous driving-related R&D services: customized intelligent driving system product development services for specific models.
The company is committed to deepening cooperation with major OEMs and has obtained 22, 12 and 17 designated points in 2021, 2022 and 2023 respectively. In addition, the company has also successfully obtained approval from Changan Automobile for the Amphiman 3000, a new vehicle platform that supports a series of models, and is expected to achieve mass production in 2024.
In addition, Zongmu Technology has also launched intelligent mobile energy solutions, including energy service robots, energy service equipment and software management platforms. The company's energy service robot has L4 autonomous driving capabilities, combines robot control and Internet of Things technology, and is controlled by a cloud scheduling algorithm, which can accurately navigate it to its destination.
https://www1.hkexnews.hk/app/sehk/2024/106328/documents/sehk24032803534_c.pdf
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The original article was originally published on WeChat public account (automotive new technology information):Zongmu Technology, a provider of autonomous driving technology solutions, submitted an IPO prospectus and plans to list in Hong Kong
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