Baolong Technology: Millimeter wave radar has been mass-produced at the end of last year, and it is expected that orders will be further increased this year

Jiwei network news, on January 20, Baolong Technology said on the investor interactive platform that millimeter-wave radar has achieved mass production by the end of 2021, and it is expected that orders will be further increased in 2022.

Baolong Technology also revealed that the current mass production and 2022 will be batch production of projects include: a new energy battery manufacturer, SAIC, Jacques, Suzhou Jinlong and Weima, is expected to have a substantial increase in 2022, current sensors in 2022 Sensor segment revenue accounted for 15% to 20% of the range. The company has obtained sensing fixed-point projects and expects to batch produce about 25 in 2022. The current sensor in the Baolong Technology Sensor business segment accounts for a relatively low proportion of revenue, and the current sensor will be supplied in batches in September 2021.

Recently, Baolong Technology issued the "Announcement on Obtaining the Notice of Designation of Air Suspension System Product Projects", saying that it received the "Notice of Development Fixed Point" from a domestic new energy vehicle head brand main engine factory (limited to confidentiality agreement, and its name cannot be disclosed), and once again selected the company as a parts supplier for the front and rear air springs of its new platform project new model air suspension system. Baolong Technology also revealed that according to the customer plan, the project has a life cycle of 6 years, with a total life cycle amount of about RMB 460 million, and is expected to start mass production in January 2024.

In terms of air suspension systems, Baolong Technology said that the company's air suspension system began in 2012 from the development of air springs for commercial vehicles. In the field of commercial vehicles, Baolong Technology develops and produces seat air springs, cab suspension air springs, and suspension air springs, and has provided commercial vehicle air spring products for ZF, Changchun Fuwei Andoto, Beijing Guanghua Rongchang, Shanghai Keman, China Highway Vehicle Machinery Co., Ltd., Guangzhou Huajin and SAF Holland. In addition, Baolong Technology has built a commercial vehicle air spring production line in Ningguo City, Anhui Province. At present, the products of Baolong Technology do not involve mechanical parts such as equalizing beams and balance shafts. (Proofreading | Andy）