SHANGHAI, Aug. 13, 2021 /PRNewswire/ -- With the evolving
landscape of the global automotive industry, Cango Inc. (NYSE:
CANG) ("Cango" or the "Company") is issuing a bi-monthly industry
insight called "CANGO Auto View" to bring readers, drivers and
passengers up to speed with what's on offer in the automobile
market, what trends are emerging, and what holes need to be
plugged.
Below is an article from the Company's 4th edition for
June 2021.
In the 130 years since the first-ever car was made, the auto
industry has progressed by leaps and bounds, forging ahead despite
constant challenges brought by oil crises, traffic jams, urban
diseases, regional environmental pollution and global warming. The
auto industry's century-old history and its endurance
stems from the fact that it has always been an active area of
technological innovation and progress, embracing and seeding new
technologies, materials, processes and equipment, in turn also
propelling the development of many related industries. The history
of the automobile is one of continuous technological
transformations and innovation. More importantly, leveraging
opportunities arising from every technological revolution,
the automobile industry accelerated its own development and
growth.
And now in 2021, the widespread adoption of smart EVs has
triggered rising interest in smart parts suppliers specializing in
smart car technologies, autonomous driving and smart cockpits. At
the Shanghai Auto Show this year, a large number of tech companies
focusing on autonomous driving and smart cockpit solutions received
special attention. As companies that are developing underlying
technologies for the industry, they are indispensable to reshaping
the whole industry chain across four new trends – automation,
connectivity, electrification and shared mobility.
Not only that, as car-making further gravitates toward
electrification and intelligence, more tech companies and IT giants
have jumped on the bandwagon along with early movers like Baidu and
a few others. Auto Shanghai 2021
staged a number of tech companies such as Baidu, Huawei, DJI, and
Horizon Robotics, clearly indicating the changes that are happening
in the industry.
Tech Companies as Auto Suppliers
In addition to the aforementioned technology companies that have
become automotive suppliers, more and more of them are joining the
pack. In April, Huawei released a new generation of intelligent
components and solutions including 4D imaging radar, AR-HUD, and
MDC810. In October 2020, Huawei
launched the HI brand. As a digital car-oriented provider of new
components, Huawei has closely worked with OEMs to build premium
intelligent vehicles under the innovative 'Huawei Inside'
initiative, which includes a brand-new digital architecture for
intelligent vehicles, five intelligent solutions (Intelligent
Driving, Intelligent Cockpit, mPower, Intelligent Connectivity, and
Intelligent Vehicle Cloud), and over 30 intelligent components.
Huawei joined its car-making peers as an automotive supplier,
while Xiaomi took a bolder move as its founder Lei Jun announced
the company's car-making plan in its spring conference
this year. According to an announcement by Xiaomi Corporation
(1810.HK), the board of directors of the Company has resolved to
commence the smart electric vehicle business. The Company will set
up a wholly-owned subsidiary to operate the smart electric vehicle
business. The initial phase of investment will be RMB10 billion, with the total investment amount
over the course of the next 10 years estimated to be USD10 billion.
Needless to say, smart cars will be the next trillion-dollar
market. Intelligence is the way to go for automobiles. A mission
awaits, so do huge business opportunities.
Traditional auto suppliers are also keeping up with the trend.
ZF debuted the next generation of its ZF ProAI supercomputer at the
beginning of the year, designed to meet requirements of
software-defined vehicles and their new electronic architectures
based on domain or zone controllers.
MAHLE unveiled its new generation of high voltage air-side PTC
heaters, using an optimized design for new radiating fins to
increase thermal efficiency while reducing volume and weight,
effectively improving winter driving performance for electric
vehicles.
Grupo Antolin premiered its smart
cockpit demonstrator INSPIRE, revealing its state-of-the-art
technology related to lighting & HMI, active surfaces and
electronics. This unique demonstrator seamlessly integrates dynamic
lighting to create different driving scenarios, backlit surfaces in
unique materials, a display deco module, sewed light guides, smart
decors, natural active surfaces, light projections and the driver
monitoring system.
Aptiv presented SVA (Smart Vehicle Architecture), an open-server
platform, ADAS active safety solutions and EV solutions at the 2021
Shanghai Auto Show. Aptiv's SVA is an innovative vehicle-level
design that reduces complexity, unlocks innovation opportunities,
enables automated assembly and provides redundancy operations in
case of failures, while reducing costs.
About Cango Inc.
Cango Inc. (NYSE: CANG) is a leading automotive transaction
service platform in China
connecting dealers, financial institutions, car buyers, and other
industry participants. Founded in 2010 by a group of pioneers in
China's automotive finance
industry, the Company is headquartered in Shanghai and engages car buyers through a
nationwide dealer network. The Company's services primarily consist
of automotive financing facilitation, car trading transactions, and
after-market services facilitation. By utilizing its competitive
advantages in technology, data insights, and cloud-based
infrastructure, Cango is able to connect its platform participants
while bringing them a premium user experience. Cango's platform
model puts it in a unique position to add value for its platform
participants and business partners as the automotive and mobility
markets in China continue to grow
and evolve. For more information, please visit:
www.cangoonline.com.
Media Contact:
Juliet Ye
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: pr@cangoonline.com
Twitter: https://twitter.com/Cango_Group
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SOURCE Cango Inc.