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Li Auto Inc. Hosts 2024 Spring Launch Event

Retrieved on: 
Friday, March 1, 2024

For more details about Li MEGA and 2024 Li L7, Li L8, and Li L9 models, please visit Li Auto’s official website.

Key Points: 
  • For more details about Li MEGA and 2024 Li L7, Li L8, and Li L9 models, please visit Li Auto’s official website.
  • Li MEGA aims to assure big families of a superior energy replenishment experience, enabling them to travel without range anxiety.
  • With Li Auto 5C super charging stalls, Li MEGA can achieve a driving range of 500 kilometers with a 12-minute charge.
  • * Based on the statistical results of publicly available information on mass-produced vehicles as of November 7, 2023, conducted by Li Auto Laboratory.

Li Auto Inc. Announces Unaudited Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Monday, February 26, 2024

BEIJING, China, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced its unaudited financial results for the quarter and full year ended December 31, 2023.

Key Points: 
  • Tie Li, chief financial officer of Li Auto, added, “We ended the year with another robust performance in the fourth quarter, setting historical highs across multiple financial metrics.
  • Vehicle margin was 22.7% in the fourth quarter of 2023, compared with 20.0% in the fourth quarter of 2022 and 21.2% in the third quarter of 2023.
  • Gross margin was 23.5% in the fourth quarter of 2023, compared with 20.2% in the fourth quarter of 2022 and 22.0% in the third quarter of 2023.
  • Operating margin was 7.3% in the fourth quarter of 2023, compared with negative 0.8% in the fourth quarter of 2022 and 6.7% in the third quarter of 2023.

NPS Completes $17.5M Series B Funding for Software-Defined Radar Led by Cota Capital with Key Strategic Investment from GM Ventures and RTX Ventures

Retrieved on: 
Thursday, March 7, 2024

The round is led by Cota Capital with contributions from GM Ventures , the venture capital arm of General Motors Co. (NYSE: GM), and RTX Ventures , the venture capital arm of RTX (NYSE: RTX).

Key Points: 
  • The round is led by Cota Capital with contributions from GM Ventures , the venture capital arm of General Motors Co. (NYSE: GM), and RTX Ventures , the venture capital arm of RTX (NYSE: RTX).
  • This collaboration marks a transformative step in enhancing roadway safety (benefiting pedestrians, drivers and all other traffic participants) and defense radar systems.
  • NPS will use the investment to further develop and apply its award-winning Atomic Sensing Platform to automotive radar technology.
  • "To protect against tomorrow's threats, RTX Ventures looks to invest in companies working to solve the most complex challenges today and the NPS automotive radar technology does just that."

Global Annual Unit Sales of V2X-Connected Vehicles Set to Exceed 60 Million Vehicles by 2034, Reports IDTechEx

Retrieved on: 
Tuesday, January 30, 2024

V2X, which stands for Vehicle-to-Everything, uses either Wi-Fi or cellular-based technology to facilitate communication with other vehicles and traffic infrastructure.

Key Points: 
  • V2X, which stands for Vehicle-to-Everything, uses either Wi-Fi or cellular-based technology to facilitate communication with other vehicles and traffic infrastructure.
  • Currently, there are approximately 1 million V2X-connected vehicles on the road globally, with those mainly concentrated in Europe and China.
  • IDTechEx's market research portfolio includes reports on Connected and Software-Defined Vehicles , Future Automotive Technologies , and Autonomous Vehicles .
  • These reports take a deep dive into the market drivers, barriers, technologies, players, and markets for the future of the automotive market.

Global Annual Unit Sales of V2X-Connected Vehicles Set to Exceed 60 Million Vehicles by 2034, Reports IDTechEx

Retrieved on: 
Tuesday, January 30, 2024

V2X, which stands for Vehicle-to-Everything, uses either Wi-Fi or cellular-based technology to facilitate communication with other vehicles and traffic infrastructure.

Key Points: 
  • V2X, which stands for Vehicle-to-Everything, uses either Wi-Fi or cellular-based technology to facilitate communication with other vehicles and traffic infrastructure.
  • Currently, there are approximately 1 million V2X-connected vehicles on the road globally, with those mainly concentrated in Europe and China.
  • IDTechEx's market research portfolio includes reports on Connected and Software-Defined Vehicles , Future Automotive Technologies , and Autonomous Vehicles .
  • These reports take a deep dive into the market drivers, barriers, technologies, players, and markets for the future of the automotive market.

HiRain to Mass Produce First Mobileye EyeQ™6-Based ADAS System in China

Retrieved on: 
Monday, January 22, 2024

HiRain Technologies, a system provider of intelligent driving solutions to automakers in China, proudly announces the upcoming production of the Mobileye EyeQ™6 Lite based ADAS system, poised to debut in China in the second quarter of 2024.

Key Points: 
  • HiRain Technologies, a system provider of intelligent driving solutions to automakers in China, proudly announces the upcoming production of the Mobileye EyeQ™6 Lite based ADAS system, poised to debut in China in the second quarter of 2024.
  • The EyeQ6 Lite also supports Cloud-Enhanced ADAS, providing automakers with a single solution for both the Chinese and international markets.
  • "Our collaboration with Mobileye since 2012 has now brought forth the EyeQ6 Lite-based ADAS, HiRain's 7th generation in this series,” said Dr. Chengjian Fan, Deputy General Manager of HiRain.
  • "The EyeQ6 Lite project is a symbol of our steadfast dedication to safety and automotive-grade excellence," stated Elie Luskin, Mobileye Vice President, and Managing Director of Mobileye China.

Automotive Electronic Control Unit Market Size, Trends and Forecast Report 2023: Global Market to Reach $156 Billion by 2030 - Rising Demand for Luxury Cars Drives R&D Investment in Automotive ECUs

Retrieved on: 
Thursday, January 11, 2024

Hybrid and battery-powered vehicle sales are increasing due to rising consumer demand for commutes that release less carbon and reduce air pollution.

Key Points: 
  • Hybrid and battery-powered vehicle sales are increasing due to rising consumer demand for commutes that release less carbon and reduce air pollution.
  • Additionally, the increasing demand for luxury cars has driven investment in research and development for automotive ECUs, which is anticipated to provide new growth prospects for the automotive electronic control unit (ECU) market.
  • They are implementing advanced automotive electronic systems for managing and maintaining the performance of these systems, which is anticipated to drive market expansion for automotive electronic controls.
  • However, the rise in faults in automotive electronic control units in vehicles, which are causing unintended interruptions and serious accidents, is detrimental to the market growth for automotive ECUs.

Neural Propulsion Systems (NPS) Showcases Unparalleled Sensor Safety Performance at CES 2024

Retrieved on: 
Wednesday, January 10, 2024

LAS VEGAS and PLEASANTON, Calif., Jan. 10, 2024 /PRNewswire/ -- Neural Propulsion Systems (NPS), a software platform company offering ultra-resolution imaging radar to support automotive vision sensing, used CES 2024 to showcase a demonstration of the ability to detect pedestrians and complex traffic situations with industry-leading clarity.

Key Points: 
  • Our technology is akin to improving automotive imaging from 20/20 vision to better than 20/10 vision."
  • The CES presentation shows the performance of an automotive radar system based on latest available Texas Instruments 77 GHz chipsets in A versus B testing with and without NPS technology.
  • It also significantly increases reliability by reducing the false positives that plague conventional automotive radar by over ten times.
  • "Chipmakers could use NPS to achieve ultra-resolution performance in real time, more than nine times beyond current systems," said Rezvani.

Wave of EV Makers Choose NVIDIA DRIVE for Automated Driving

Retrieved on: 
Monday, January 8, 2024

NVIDIA also announced that EV makers GWM (Great Wall Motor), ZEEKR and Xiaomi have adopted the NVIDIA DRIVE Orin ​​™ platform to power their intelligent automated-driving systems.

Key Points: 
  • NVIDIA also announced that EV makers GWM (Great Wall Motor), ZEEKR and Xiaomi have adopted the NVIDIA DRIVE Orin ​​™ platform to power their intelligent automated-driving systems.
  • “The transportation industry is embracing centralized compute for highly automated and autonomous driving,” said Xinzhou Wu, vice president of automotive at NVIDIA.
  • Li Auto currently uses two DRIVE Orin processors to power its assisted-driving system, AD Max, for its L-series models.
  • It features a new full-stack smart driving system, powered by two DRIVE Orin systems-on-a-chip, to deliver intelligent parking and automated operation on high-speed and urban roads.

Global and China Automotive Cockpit Domain Controller Research Report 2023 Featuring 10 International Cockpit Domain Controller Vendors and 16 Chinese Cockpit Domain Controller Vendors - ResearchAndMarkets.com

Retrieved on: 
Wednesday, January 3, 2024

The "Global and China Automotive Cockpit Domain Controller Research Report, 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global and China Automotive Cockpit Domain Controller Research Report, 2023" report has been added to ResearchAndMarkets.com's offering.
  • In 2022, the installations of Qualcomm 8155-based cockpit domain controller products in China totaled about 850,000 sets, a figure to be higher in 2023.
  • At the time of mass production of Qualcomm 8155-based cockpit domain controller products, high-performance cockpit domain controller products based on Qualcomm 8295 and other chips are also production-ready.
  • According to the functions integrated, the cockpit domain controller product solutions evolve in the following forms:
    The first form is cockpit domain controller products mainly integrating cockpit functions.