On June 20, at the "Happy Meeting Hangzhou" Investment Promotion Conference, Freetech, China's leading intelligent driving solution service provider and product supplier, and the Hangzhou Municipal Government established a global R&D project in Hangzhou High-tech Development Zone (Binjiang) The management headquarters reached a contract. Dr. Zhang Lin, Chairman and CEO of Freetech, was invited to attend the meeting, and completed the signing ceremony with Gao Chong, member of the Standing Committee of the Binjiang District Party Committee and Deputy District Mayor of Hangzhou City.
According to the agreement, Freetech will build a new global R&D management headquarters in Hangzhou, relying on Hangzhou's technological talents and industrial innovation advantages, to accelerate the research and development of software and hardware integrated intelligent solutions centered on high-end autonomous driving, especially with artificial intelligence and intelligent network The upgrade iteration of software and algorithm driven by network technology.
When talking about the future development of Freetech, Dr. Zhang Lin pointed out that autonomous driving is one of the core directions of car intelligence. At present, autonomous driving technology is on the eve of a full-scale explosion. The intelligent driving assistance function represented by L2 level is rapidly popularizing, and the high-end intelligent driving technology of L2+ to L3 level is about to usher in a breakthrough in mass production.
According to the monitoring data of Gaogong Intelligent Automobile Research Institute , in 2022, the Chinese market (excluding imports and exports) will deliver 10,012,200 passenger cars equipped with auxiliary driving (L0-L2) as standard equipment, breaking through the scale of tens of millions for the first time. The loading rate also broke through the 50% mark for the first time.
Among them, 5,859,900 units of pre-installed L2 assisted driving (including L2+) were delivered as standard equipment, a year-on-year increase of 61.66%, and the pre-installed loading rate rose to 29.40%; the delivery of NOA pre-installed standard equipment reached 212,200 vehicles, exceeding 200,000 for the first time Ozeki (pre-installation rate 1.06%), a year-on-year increase of nearly 80%.
In 2023, the monitoring data of Gaogong Intelligent Vehicle Research Institute shows that from January to April, 239,600 passenger cars with NOA optional configurations were delivered in the Chinese market, a year-on-year increase of 87.63%. Among them, the proportion of models below 300,000 has exceeded 25%.
At the same time, in the new energy vehicle market segment, from January to April, the configuration rate of NOA (including optional equipment, including hardware standard configuration + software paid subscription) has exceeded 20%, reaching 20.16% .
In the face of market opportunities and challenges, Freetech has been able to meet the needs of L2-L3 autonomous driving products at different levels by virtue of its world-leading perception, positioning and planning algorithms, as well as its full-stack self-research capabilities integrating software and hardware.
At the same time, the vigorous development of the AI industry not only requires mature enterprises and technical solutions, but also is inseparable from the government's support in the construction of industrial policy standards and public regulations.
Hangzhou is one of the earliest cities in China to encourage the development of intelligent driving technology. In 2023, a series of pilot projects and favorable policies such as the "Hangzhou Intelligent Connected Vehicle Testing and Application Management Measures" will be launched, which just paves the way for technology maturity and industrial practice. good soil.
In addition, as China's auto industry has accelerated towards globalization in recent years, Chinese supply chain companies represented by Freetech have begun to be able to effectively replace overseas first-tier companies in terms of technology and commercial benefits.
Data from Gaogong Intelligent Vehicle Research Institute shows that from January to December 2022, 5,859,900 L2 assisted driving (including L2+) pre-installed standard equipment will be delivered, a year-on-year increase of 61.66%; among them, local ADAS suppliers (including self-developed by car companies) The market share has reached 9.86%.
At the same time, L2 smart driving products are evolving towards more extreme cost performance, more dimensional function integration and hardware reuse; at the same time, the L2+/L2++ track represented by NOA (high-speed, urban) has also become a major software, hardware, system A new market hotspot for solution providers.
As a well-deserved first-tier company in China's smart travel market, Freetech has global core intellectual property rights and full-stack integrated solutions for advanced driver assistance systems (ADAS), and can provide diverse, cost-effective, safe and reliable solutions. production solutions to help global car companies win the opportunity in the current fierce market competition, achieve a win-win experience and benefits, and ultimately promote the transformation of smart travel for users.
Up to now, Freetech has served more than 40 OEM automobile brands, and the delivery volume of intelligent driving products will exceed one million sets in 2022. Among them, the high-speed NOA integrated full-stack solution product launched by Freetech has achieved mass production and has been installed in Geely Boyue L, Lynk & Co 09 EM-P Yuanhang Edition and other models, truly realizing An excellent balance of performance, efficiency and cost.
With the breakthrough and maturity of higher-level intelligent driving function technology, Freetech has joined hands with customers and partners to innovate, and is the first to launch the industry's only software and hardware integrated full-stack intelligent driving platform ODIN. ODIN has a wide range of platform adaptability and can realize the complete underlying capability empowerment from software and hardware to systems and applications. It is an ideal digital intelligence solution for vehicle manufacturers and partners to realize high-level automatic driving functions.
In the future, the cost-effective solution based on the ODIN digital intelligence base can quickly adapt to the development of market platform models, meet customization, take into account performance and cost-effectiveness, and provide "safe, real and effective" intelligence for the Chinese auto industry and customers solution.