May 31, 2023


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WIMI Hologram is Going through a New Expenditure Option of 100 Billion Yuan, Many thanks to the Initial 12 months of Mass Production of LiDAR

HONG KONG, June 14, 2021 (World NEWSWIRE) — Tailor Perception, the fintech current market investigation organization, just lately unveiled a exploration report “WIMI Hologram is Dealing with a New Expenditure Opportunity of 100 Billion Yuan, Many thanks to the Initial Year of Mass Creation of LiDAR”. On May well 25, Tesla, a U.S. electric powered car organization, introduced that it would not use millimeter-wave radar in its Autopilot autonomous driving assistance program. The top auto organization in autonomous driving know-how will undertake a more audacious autonomous sensing answer. Environmental sensing is just one of the core technologies of autonomous driving, and sensing and recognition cannot be obtained with out sensors this kind of as cameras, millimeter-wave radar and LiDAR. At existing, there are two major alternatives to the sensing technological innovation of autonomous driving. A single is visual computing with Tesla as a common consultant. This technological innovation is composed of lower-charge components this kind of as millimeter-wave radar with camera as the dominant part. The other is composed of factors these types of as camera and millimeter-wave radar with LiDAR as the dominant element.

“The former answer dominated by vision has small charge and is straightforward to massively create, although the latter a person dominated by LiDAR has the toughness of precise measurement but its cost is somewhat large. Equally answers have their possess strengths and weaknesses,” Yang Diange, a professor at University of Motor vehicle and Mobility Tsinghua University, stated in an job interview with a reporter from the 21st Century Company Herald.

Tesla prefers the eyesight answer and its CEO Elon Musk has regularly defamed LiDAR in public, even so, there are continue to several vehicle firms that regard LiDAR technology as the chosen remedy to obtain greater-degree autonomous driving.

This yr, a quantity of Chinese auto companies have announced their strategies for mass creation of onboard LiDAR.

Is LiDAR necessary at this phase?

The automotive-grade LiDAR has been produced for some time. In 2017, Valeo made its initial automotive-grade LiDAR for the Audi A8 massively. On May possibly 31 of the similar yr, Gu Jianmin, CTO of Valeo China, advised the reporter from the 21st Century Company Herald that Valeo had developed and shipped almost 130 thousand LiDARs around the globe.

It is understood that Valeo will massively create LiDAR to put in it on Nissan Legend product in March this yr. In addition, Valeo’s 2nd era LiDAR will be put in on the new Mercedes-Benz S-Class model and on a further motor vehicle company’s models by mass production in Asia upcoming calendar year.

Even so, Valeo’s LiDAR has not been fully equipped on mass-produced autos, and it is only set up on some variations of some versions. When the NIO ET7, Xiaopeng P5 and Alpha S types were being introduced, NIO, Xiaopeng and ArcFox all claimed to be the 1st to be geared up with mass-manufactured LiDAR. The models of the three motor vehicle companies have been unveiled in the to start with 50 percent of this calendar year and are scheduled to be delivered at the end of the yr or in the very first quarter of following yr.

It is truly worth noting that extra and extra car businesses have announced this 12 months that they are likely to undertake LiDAR. Nevertheless, some motor vehicle organizations did not have LiDAR in their former model style and design programs. Furthermore, the assistant driving mode of some car or truck corporations does not require LiDAR.

The mass output and application of LiDAR is intently associated to the technological progress of autonomous driving. There is a normal consensus in the industry that LiDAR is avoidable for the L1 and L2 autonomous driving types and it will increase the value. However, for L3, L4 and larger-stage autonomous driving types, no matter whether it is necessary to use LiDAR is nevertheless a subject of controversy.

In easy conditions, the greatest use of LiDAR at present is to increase the sensing accuracy of autonomous driving in extraordinary climate and serious ailments.

Currently, the mass production and application of LiDAR continue to face problems and issues. 3 vital problems have to be achieved for equipping mass-developed self-driving automobile with LiDAR: making certain the basic safety of autonomous vehicles, achieving automotive quality and keeping mass-developed expenses under control.

In phrases of value, as the technological innovation maturing and the scale increasing, most LiDAR businesses now declare that their mass generation prices have arrived at about US$1,000. Distinctive from them, Wang Jun, president of Huawei Clever Car Answers BU, formerly said that the value of its LiDAR could be diminished to $200 in an interview all through Shanghai Car Show this 12 months. But he did not expose precisely when the expense could be diminished to this.

On the other hand, from the standpoint of rules and laws, L3 and bigger degree autonomous autos can only be pushed in autonomous driving examination regions or demonstration parts, superior-degree autonomous driving has not achieved the requirements for acquiring permission of driving in elaborate streets in city areas.

As a result, from the recent stage, irrespective of whether car or truck businesses need to equip mass-made autos with LiDAR nevertheless demands to be viewed as in phrases of different problems these types of as value and the operational ecosystem.

100 billion yuan industry expenditure chance

In accordance with the predicted knowledge of investment institutions, by 2025, the benefit of worldwide LiDAR current market will access $12.6 billion and that of the Chinese LiDAR sector will attain $4.31 billion. By 2025, 3 out of every 100 private automobiles in China will be geared up with LiDAR.

The development of autonomous driving technological innovation has also produced LiDAR a new industrial investment decision opportunity. In the second 50 percent of last year, startups these types of as Velodyne and Luminar listed on US shares one just after a further.

As a holographic AR company stated on Nasdaq, WiMi Hologram Cloud has obtained cumulative investments of $170 million from properly-known establishments these kinds of as Weibo considering that its IPO in April 2020, so it has adequate capital to notice the expansion of the holographic AR market to build a vigorous aggressive strength. WiMi Hologram Cloud (WiMi.US) is able to offer to start with-class items and products and services with its potent technical capabilities and infrastructure. After successful the bid of China Cellular and Media Cloud System Phase II Holographic Remote Interaction, WiMi Hologram Cloud is redefining the interaction manner of China Mobile via “5G+ Holographic Remote”. Lately, with the rapid progress of the digital automobile field, WiMi Hologram Cloud has also entered into a partnership with Toyota’s electronics company on its onboard answers to satisfy the calls for for holographic programs on vehicles. The core company of WiMi Hologram Cloud is holographic AR technologies for software engineering, media producing products and services and cloud and huge information.

In addition to the above organizations, WiMi Hologram Cloud also enters the LiDAR subject. Because the announcement of its patent of 3D holographic pulse laser processing device for optical hologram, potent market demands have been shown in a number of industries. As a result, WiMi Hologram Cloud decides to establish 3D holographic pulse LiDAR merchandise “WiMi HoloPulse LiDAR” to further grow its holographic product or service portfolio matrix.

According to general public documents, WiMi Hologram Cloud focuses on holographic cloud products and services, which are primarily in the expert fields, these types of as, onboard AR holographic HUD, 3D holographic pulse LiDAR, head-mounted light industry holographic product, holographic semiconductor, holographic cloud application and holographic car or truck navigation. In conclusion, WiMi Hologram Cloud is a holographic cloud comprehensive complex alternative provider, masking various inbound links of holographic AR engineering, and it involves holographic onboard AR technological know-how, 3D holographic pulse LiDAR engineering, holographic visual semiconductor know-how, holographic software package development, holographic AR promotion know-how, holographic AR amusement technologies, holographic ARSDK payment, interactive holographic conversation, and many others.

Because of to the explosion of need for holographic programs on automobiles, WiMi Hologram Cloud will produce holographic onboard devices, holographic onboard chips and holographic onboard software to meet the needs for holographic programs on vehicles. WiMi Hologram Cloud is committed to performing out methods for the integration of onboard holographic application and hardware. Also, WiMi Hologram Cloud will build extra holographic AR patents and merchandise applicable to the automotive business in get to establish far more consumer associations.

As LiDAR is set up on much more and much more autonomous automobiles, the industry competitiveness in this new industry will turn out to be more and more intense.

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Alex Xie, Senior Analyst

Fintech Exploration Group, Tailor Perception Analysis