Chery accelerates intelligent automation again, invests 200 million to focus on the development of Internet of Vehicles and 5G driverless driving

Recently, it was learned that the shareholders of Wuhu Chery Lion Auto Technology Co., Ltd. (hereinafter referred to as Lion Technology) have changed from the original Chery Automobile Co., Ltd. to Chery Automobile Co., Ltd., Chery Holding Group Co., Ltd., Chery Commercial Vehicle (Anhui) Co., Ltd., Chery New Energy Automobile Co., Ltd., and Wuhu Chery Technology Co., Ltd. In addition, Lion Technology has obtained 200 million yuan of funds jointly invested by the above companies, and announced that it will be used for research and development and market development in the future, but will focus on the development of Internet of Vehicles and 5G unmanned driving. In other words, Chery's intelligent transformation has accelerated again, aiming at intelligent networking.

The significance of Lion Technology to Chery

Yin Tongyue, Chairman of Chery Automobile, once said: "Lion Technology is Chery's seventh business sector after automobiles, auto parts, ships, finance, trade, tourism and real estate, representing the future of Chery Automobile and the future of travel transformation." Yin Tongyue, Chairman of Chery Automobile, gave such a high evaluation, which shows that Lion Technology is of great significance to Chery Automobile. At the same time, financing for Lion Technology is also an important node for Chery Automobile to accelerate its transformation. It is worth mentioning that Lion Technology plays a significant role. So far, the Chery Lion Zhiyun system has been equipped on Chery's entire first-generation Tiggo 8 and the new generation Tiggo 7/Tiggo 7 PRO models, including 19 ADAS assisted driving functions. From the market point of view, it has a good reputation. Lion Technology has become an indispensable and important part of Chery Automobile's future.

Continuous innovation and exploration have always been the driving force behind Chery Automobile's progress

In fact, it can be said that Chery is one of the first domestic brands to study intelligent networking, and is a car company with relatively cutting-edge technology among domestic brands. Since 2010, Chery has cooperated with the Hefei Institute of Physical Science, Chinese Academy of Sciences to establish a driverless car technology platform; in 2017, Chery also established an intelligent car division, aiming to enter the field of intelligence; in 2018, Chery released the intelligent strategic brand "CHERY LION", which also represents Chery's intelligent transformation. In 2020, the investment of 200 million in Lion Technology to further explore the field of Internet of Vehicles and 5G driverless driving is an important node for Chery Automobile's continuous innovation and exploration. It is precisely because Chery Automobile has been constantly innovating and exploring that it has continued to grow, and it is precisely because of this motivation that Chery Automobile has overcome countless difficulties and adversities. In the current increasingly difficult auto market, Chery Automobile's sales performance in February squeezed into the top ten of the manufacturer rankings. At the same time, Chery's overseas market performance in February was also quite outstanding, with sales increasing by 39.9% year-on-year. The editor believes that when testing a company, one should not only examine its performance in good times, but also focus on its strength in bad times.

Internet of Vehicles and 5G driverless cars are technologies that will change the future

Why is Chery committed to car networking and 5G driverless driving? In fact, the transformation to autonomous driving and car networking is a must for every car company, especially in recent years, when the car market has been sluggish and the market vehicle capacity has gradually become saturated, intelligent networking and driverless driving are undoubtedly more attractive to consumers. Moreover, at the current stage, there is a lot of room for development in the field of driverless driving. Although many car companies have L3 autonomous driving technology, most of the current models are still equipped with L2 autonomous driving technology. Therefore, if a car company reaches L3 level or above in the autonomous driving technology of its models and can deliver it to consumers, it will definitely usher in a wave of climax. Obviously, while enhancing the status of car companies, it will once again promote the development of the car market, which is of great significance.

Judging from the strength of Lion Technology, there is a good chance to make breakthroughs in this area of ​​technology. As of now, Lion Technology has 564 invention patents, has completed the development of the third-generation driverless vehicles, and plans to achieve L3 level autonomous driving this year. In terms of vehicle networking, the Lion Zhiyun system has been installed on many models and is expected to be fully covered in the future. Years of technological accumulation have laid a good foundation for Lion Technology to study vehicle networking and driverless technology. It is too early to explore whether Lion Technology can successfully break through in these areas, but success begins with action, and the future of Chery Automobile is more worth looking forward to.

Final Thoughts

Chery invested 200 million yuan to focus on the development of Internet of Vehicles and 5G driverless driving. In fact, it was planned, but it is also the general trend. However, this courage to continuously innovate and explore has been with Chery Automobile for many years. It is precisely because of this that Chery always brings many surprises to consumers. Although 5G driverless technology may not be mature at present, at least it is making rapid progress in the Internet of Vehicles. Chery Automobile has a promising future. At the same time, more and more products on the market tend to be intelligently connected. This is the general trend.