China's millimeter-wave radar market is in a period of rapid development, and local suppliers represented by Chengtai Technology have shown acceleration on the pre-installation mass production track.
Gaogong Intelligent Vehicle Research Institute predicts that as L2 and L2+ continue to be in the high-speed period of market growth, the vehicle volume corresponding to millimeter-wave radar will achieve a year-on-year growth rate of 30-50% in 2023.
According to the monitoring data of Gaogong Intelligent Vehicle Research Institute, in 2022, the Chinese market (excluding imports and exports) will deliver 17.9527 million ADAS millimeter-wave radars (forward, backward, and blind spots) as standard equipment, a year-on-year increase of 31.21%; , the forward loading increased by 25.21% year-on-year, and the blind area increased by 37.73% year-on-year.
The latest news shows that only in Q3 of 2023, Chengtai Technology has won more than 30 smart driving projects, and the new order is 86 million!
At present, Chengtai Technology has obtained more than 80 smart driving projects from domestic and foreign leading car companies, with a cumulative business order of nearly 1.1 billion, and delivered more than 600,000 sets of smart driving products.
At the same time, the company has obtained the formal project designation of many models of international leading car companies , further promoting the globalization market strategy of Chengtai Technology.
As a leader in China's automotive millimeter wave radar market, Chengtai Technology is the first domestic supplier to achieve mass production of forward radar for passenger cars.
Prior to this, Chengtai Technology's automotive-grade 77GHz millimeter-wave radar products have obtained more than 100 mass production and fixed-point projects from BYD, Geely Automobile, Great Wall Motor, Chery Automobile, SAIC, Dongfeng Motor, Beijing Automobile and other OEMs. With excellent product technology, it has become a supplier in the system of many leading independent brand OEMs.
At the 5th Gaogong Intelligent Vehicle Market Summit in 2023, Chengtai Technology won the "2023 China Intelligent Network Industry Chain Top 100 (TOP100) ) Scale Supplier” award.
Next, Chengtai Technology will rely on its core technical strength and product advantages, and based on leading mass production projects, take the lead in realizing the delivery of millions of scale mass production, and take the lead in realizing iterative upgrades and cost reduction based on multi-scenario mass production verification. effect, will further demonstrate the first-mover advantage.
Chengtai Technology said that it will continue to uphold the core values of "hard work, change, honesty, and win-win", with the spirit of professionalism, exploration, and innovation, adhere to independent innovation and technology accumulation, and with rich experience in technology research and development and product mass production, Provide customers with higher-quality localized and customized intelligent driving perception solutions, and continue to walk with the intelligent driving pathfinder at a firm pace.