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On January 17, the lidar sector rose as much as 5.5%, and many individual stocks rose by 10% or more. Industry insiders said that as more vehicles are equipped with lidar, 2022 may become the first year of the lidar outbreak.
Specific to individual stocks, Optical Library Technology, Jingyeda, Yongxin Optics rose by 10% or more, Tengjing Technology, Changshu Auto Accessories, Crystal Optoelectronics, Joyson Electronics, Juguang Technology and so on rose by more than 5%.
The first year of lidar is coming?
The reporter noted that the frequent investment in lidar by new energy vehicle manufacturers may be the fundamental reason for the detonation of concept stocks.
Recently, Yijing Technology officially announced the completion of hundreds of millions of yuan Pre-C round of financing, this round of financing led by Xiaopeng Automobile, Shangyi Capital, Dongfeng Bank of Communications Automobile Fund, and old shareholder Intel Capital. Yijing Technology said that this round of financing will be used for the iterative development of long- and short-range full range of vehicle-grade front-loading mass-produced lidar products, and continue to promote the research and development and commercialization of vehicle-grade MEMS lidar solutions.
Back in October 2018, NIO Capital, controlled by Li Bin, invested in lidar startup Innovusion. Since then, Guotai Junan International, Shunwei Capital, Temasek and others have successively invested in Tuduitton. At the end of December 2021, BYD and RoboSense, a lidar star company, reached a strategic investment agreement and a strategic cooperation framework agreement, and officially invested in Sagitar Juchuang.
Why do new energy vehicle OEMs pile up to take a stake in a lidar company?
A number of brokerages recently released views that car companies are accelerating their embrace of intelligence, with the automatic driving from L1 to L5 advancement, lidar has been on the eve of the outbreak, 2022 or the first year of the lidar outbreak.
The reporter noted that in 2022, new energy vehicles have changed from endurance competitions to intelligent competitions.
After Xiaopeng Motors announced that the P5 was equipped with two lidars in September 2021, in January this year, NIO released ET7, which is equipped with Tuduitton's Falcon lidar as standard. Since then, WM, Jihu, Zhiji and Sharon Motors have all announced that their models under the brand are equipped with a larger number of lidar.
French research institute Yole predicts that the overall market size of lidar is expected to reach $5.7 billion by 2026, and the industry CAGR (compound annual growth rate) of 23% from 2021 to 2026. Among them, the lidar market space for ADAS (Advanced Driver Assistance Systems) is expected to reach $2.3 billion by 2026, with a 5-year CAGR of 94%.
In this regard, some insiders said that with the opening of the automotive front-loading market, the cost of lidar is expected to be further reduced, and then form a positive cycle of application.
The reporter noted that the price of TELE-15 (Thai-15) lidar of Livox technology under DJI has dropped below 10,000 yuan to 8999 yuan.
"In addition to lidar, smart cockpits, V2Xs, and high-precision maps are all new investment opportunities." In this regard, some insiders introduced that an intelligent networked car automatically drives on the road, and needs to complete the three steps of "perception, decision-making, and control", that is, the three elements of automatic driving, and each step is pregnant with a large number of investment opportunities.
What do concept stocks look like?
Optical library technology
Optical Library Technology said that the field of lidar is one of the important development directions of the company in the future, and the company's optical fiber device products such as isolators, beam combiners, and couplers are used in the field of unmanned lidar. Optical Library Technology specializes in the design, development, production and sales of optical fiber devices, lithium niobate modulation devices and photonic integrated devices.
JONDA
Jingyeda disclosed in Interactive Easy that the company's self-developed radar is a mechanical (prism) scanning lidar, which can be applied to a variety of scenarios. At present, the company mainly applies radar to rail transit scenarios and smart city scenarios, and has no plans to apply it in the field of automatic driving for the time being.
Sunshine Optics
As early as August last year, Yongxin Optics disclosed that the optical components such as optical lenses developed and manufactured by the company can support optical components for automatic driving systems and machine vision products, and has established business cooperation with machine vision solution providers and vehicle-mounted lidar solution providers.
Tengjing Technology
Tengjing Technology said that in the field of lidar, the company currently provides precision optical components for some customers, which are still in the stage of sample delivery and small batch verification; the company has passed the IATF16949:2016 automotive industry quality management system certification and obtained the certification certificate. In addition, in the field of fiber lasers, the company's precision optical components and coated optical fiber devices, collimators, acousto-optic devices and other optical fiber device products are mainly used in the core optical system pump source of high-power fiber lasers.
Crystal Optoelectronics
At the end of December 2021, Crystal Optoelectronics disclosed that the company's lidar products have now obtained a customer's mass production order and small batch production, and have business negotiations and exchanges with many well-known lidar manufacturers in the industry, and the company will accelerate the promotion of business cooperation with customers.
Editor: Qiu Jiang
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Issued: Pan Linqing