SHANGHAI, Aug. 27, 2021 /PRNewswire/ — With the evolving landscape of the world-wide automotive market, Cango Inc. (NYSE: CANG) (“Cango” or the “Firm”) is issuing a bi-month-to-month field insight known as “CANGO Auto Watch” to provide audience, drivers and travellers up to pace with what’s on offer in the auto market place, what trends are rising, and what holes want to be plugged.
Under is an write-up from the Company’s 4th version for June 2021.
Notably, Horizon Robotics is the only enterprise in China that has secured mass creation orders for automotive-quality AI chips. With the ongoing chip scarcity plaguing automakers, Horizon has develop into just one of the most sought-following organizations in the supply chain. It now associates with a quantity of OEMs such as Audi, BYD, Changan Car, Great Wall Motor, Dongfeng Motor, GAG Team, Hongqi, JAC Group, Li Automobile, Chery Auto and SAIC Motor.
In accordance to community resources, Horizon Robotics’ major merchandise are Horizon Matrix® Mono ADAS option, Horizon Matrix® Pilot autonomous driving resolution, Horizon Matrix® FSD completely autonomous driving remedy, and Horizon Halo™ onboard smart interaction remedy. Based on Horizon’s inhouse-produced automotive-degree AI chips, its automaker companions can quickly produce autonomous driving and good cockpit functionalities. The Horizon Journey 2 chip has been mass-generated and installed in automobiles.
It is reported that Horizon will goal L4 autonomous driving and create the Horizon Matrix® FSD entirely autonomous driving answer based on its Journey 5 chip. Journey 5 will have 96TOPS computing ability, a twin-core vision DSP module, and ASIL-B (D) practical safety. The all round computing power of Horizon Matrix® FSD can attain 200-500 TOPS, and it supports 12-channel digital camera. Lidar can be included to reach issue-to-place autonomous driving without having disengagement, city parking, intelligent summon, and entire self-driving functionality covering all forms of scenarios.
SemiDrive is an additional crucial participant in the automotive processor place. It has developed 4 items as of now – X9U, V9T, G9Q/G9V. SemiDrive has also secured orders for thousands and thousands of items per year. Ambarella, a tech company that specializes in visual notion automotive processors, achieved mass creation for its CV2X collection. All CV2X processors undertake the 10nm procedure, which can be used for highly developed driver guidance methods (ADAS), smart cockpits, electronic rearview mirrors, assisted parking and other functionalities.
Nevertheless, considering that the conclusion of 2020, the world chip shortage has afflicted the output programs of several automobile firms. Solutions impression involve storage, passive factors, semiconductor materials, silicon wafers, automotive chips and PCBs. The lack of chip provides could be a big barrier for the long run enhancement of China’s auto sector. Hence, Chinese businesses must speed up the R&D and manufacturing of car chips.
About Cango Inc.
Cango Inc. (NYSE: CANG) is a primary automotive transaction service system in China connecting sellers, financial institutions, vehicle potential buyers, and other industry participants. Started in 2010 by a group of pioneers in China’s automotive finance marketplace, the Firm is headquartered in Shanghai and engages motor vehicle purchasers by means of a nationwide dealer community. The Firm’s expert services generally consist of automotive funding facilitation, motor vehicle buying and selling transactions, and right after-current market companies facilitation. By employing its aggressive pros in technological know-how, knowledge insights, and cloud-primarily based infrastructure, Cango is ready to hook up its system individuals whilst bringing them a quality consumer experience. Cango’s system product puts it in a one of a kind placement to insert benefit for its platform participants and business enterprise associates as the automotive and mobility markets in China go on to expand and evolve. For more information, you should take a look at: www.cangoonline.com.
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