The Time for Automotive-Grade Chips is Now

SHANGHAI, Aug. 27, 2021 /PRNewswire/ — With the evolving landscape of the global automotive marketplace, Cango Inc. (NYSE: CANG) (“Cango” or the “Company”) is issuing a bi-regular monthly market perception known as “CANGO Automobile Look at” to deliver viewers, motorists and travellers up to pace with what is on present in the auto marketplace, what trends are emerging, and what holes have to have to be plugged.

Beneath is an report from the Company’s 4th version for June 2021.

Notably, Horizon Robotics is the only enterprise in China that has secured mass manufacturing orders for automotive-quality AI chips. With the ongoing chip lack plaguing automakers, Horizon has turn into one particular of the most sought-right after providers in the provide chain. It now companions with a number of OEMs this sort of as Audi, BYD, Changan Automobile, Terrific Wall Motor, Dongfeng Motor, GAG Group, Hongqi, JAC Group, Li Vehicle, Chery Automobile and SAIC Motor.

According to general public resources, Horizon Robotics’ key items are Horizon Matrix® Mono ADAS alternative, Horizon Matrix® Pilot autonomous driving resolution, Horizon Matrix® FSD totally autonomous driving remedy, and Horizon Halo™ onboard smart interaction answer. Based mostly on Horizon’s inhouse-created automotive-amount AI chips, its automaker associates can swiftly acquire autonomous driving and wise cockpit functionalities. The Horizon Journey 2 chip has been mass-manufactured and set up in autos.

It is described that Horizon will focus on L4 autonomous driving and construct the Horizon Matrix® FSD totally autonomous driving resolution based mostly on its Journey 5 chip. Journey 5 will have 96TOPS computing power, a dual-main vision DSP module, and ASIL-B (D) functional security. The over-all computing ability of Horizon Matrix® FSD can achieve 200-500 TOPS, and it supports 12-channel digicam. Lidar can be additional to accomplish place-to-stage autonomous driving with no disengagement, city parking, wise summon, and total self-driving capability masking all forms of scenarios.

SemiDrive is yet another vital player in the automotive processor room. It has developed 4 items as of now – X9U, V9T, G9Q/G9V. SemiDrive has also secured orders for thousands and thousands of items for each yr. Ambarella, a tech firm that specializes in visible notion automotive processors, attained mass manufacturing for its CV2X collection. All CV2X processors adopt the 10nm procedure, which can be utilised for state-of-the-art driver help methods (ADAS), sensible cockpits, electronic rearview mirrors, assisted parking and other functionalities.

However, due to the fact the finish of 2020, the world chip scarcity has impacted the production plans of many vehicle organizations. Products impact consist of storage, passive components, semiconductor resources, silicon wafers, automotive chips and PCBs. The lack of chip materials may well be a big barrier for the future progress of China’s automobile marketplace. Thus, Chinese providers must speed up the R&D and manufacturing of vehicle chips.

About Cango Inc.

Cango Inc. (NYSE: CANG) is a top automotive transaction service platform in China connecting dealers, economical establishments, automobile consumers, and other field contributors. Started in 2010 by a group of pioneers in China’s automotive finance field, the Business is headquartered in Shanghai and engages car or truck purchasers by way of a nationwide seller community. The Firm’s providers largely consist of automotive funding facilitation, automobile trading transactions, and soon after-industry providers facilitation. By making use of its competitive positive aspects in technological know-how, information insights, and cloud-based mostly infrastructure, Cango is able to connect its system contributors when bringing them a premium user experience. Cango’s platform model puts it in a exceptional placement to add price for its platform individuals and enterprise partners as the automotive and mobility marketplaces in China continue on to mature and evolve. For a lot more details, be sure to go to: www.cangoonline.com. 

Media Speak to:

Juliet Ye
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Electronic mail: [email protected] 
Twitter: https://twitter.com/Cango_Team 

Resource Cango Inc.