NavInfo develops OneMap intelligent map integrated product and application solution

On August 31, NavInfo released its 2021 semi-annual report. The semi-annual report shows that in the first half of the year, NavInfo achieved revenue of 1.198 billion yuan, an increase of 24.55% over the same period last year; the net profit loss of 55.642 million yuan was also narrowed by 65.9% from -163 million yuan in the same period last year.

From the perspective of the revenue structure of the main business in the first half of the year, NavInfo's navigation, advanced driver assistance and autonomous driving , chips, location big data services, and Internet of Vehicles have all achieved solid growth, among which the highly-watched autonomous driving-related business and chip direction have achieved high growth of 71.89% and 29.00% respectively. During the reporting period, NavInfo's full-stack autonomous driving ADS solution for all scenarios was designated by Kaiyi Automobile. As a Tier 1, it will provide Kaiyi Automobile with a complete multi-level autonomous driving solution for the next generation of models, including domain controller development, software and hardware design, and is carrying out project cooperation with multiple traditional car companies and new car-making forces. In terms of high-precision maps, NavInfo integrated basic data capabilities to develop OneMap intelligent map integrated products and application solutions, and continued to promote the iterative upgrade of map development technology, increase the expansion and cooperation of source data of different precisions, and the "cloud + terminal" automated mapping capabilities, winning mass production orders from many car manufacturers, covering the world's top car manufacturers, joint venture car manufacturers and independent brands.

With the intensive release of policy documents related to automobile data security and Internet of Vehicles security, and in the face of strong customer demands for autonomous driving data security, NavInfo has built a secure, reliable, legal and compliant autonomous driving cloud environment for smart cars based on map data. During the reporting period, NavInfo actively cooperated with multiple national ministries and relevant departments to participate in the national top-level planning and standard formulation in related fields, undertook a number of national projects and key special pilot applications in related fields, and provided complete service operation delivery for related projects such as data compliance hosting for many car manufacturers.

The chip sector also reached a milestone during the reporting period. AutoChips AC8015, a smart cockpit SOC chip from Jefa Technology, stood out from the crowd and was officially installed in vehicles for mass production. It continued to win original equipment orders in direct competition with major international manufacturers, further increasing the market share of "Chinese chips" in the cockpit chip field.

With the rapid development of automobile intelligence, the company has broad commercial opportunities in business directions such as autonomous driving, smart transportation, and smart cockpits. NavInfo will continue to deepen the application of new technologies, open up joint customers and partners, and jointly promote the upgrading and development of the industry to occupy a high ground in the era of intelligent driving with the goal of long-term competitive advantages and profitability.