"Lidar technology may provide an important weight for Tesla to compete with car companies."

"We are the first manufacturer in the world to achieve 3 lines, which will bring subversive changes to the (laser radar) industry"

We only aim at the industry leader and are determined to subvert the pioneers.

seems to be the label of Bao Junwei, the founder of Innovusion.

Bao Junwei's experience seems to make him confident enough to go all the way.

Innovation is Bao Junwei's new team.

This team has a core R&D team in Silicon Valley, USA, with more than 3 main R&D teams.

Most of them are the top talents in this industry in Silicon Valley, mainly selling and manufacturing in China, with a total number of about 1 people.

Innovusion is centered on Suzhou High-speed Railway New Town in China, and

radiates to East China, North China and South China. Its manufacturing center is located in Chegu, Wuhan.

When it comes to Tesla, Bao Junwei, who pulled up the team, doesn't think it is insurmountable.

"Other car companies can't compete with Tesla in visual algorithms and chips, and the latter has invested a lot of time in this, but Tesla has not made an advance layout in the field of lidar, and Tesla has no advantage in this field." Bao Junwei believes.

Musk, who advocates first principles, always thinks that lidar is a burden.

"In my opinion, the version of FSD Beta 9.2 is not very good, but the autopilot and AI team are working together to make improvements. We are trying to provide single-stack solutions for highways and urban roads, but this requires a lot of neural network retraining. "

"The radar held us back before."

The lidar spit by Musk is the breakthrough of Innovusion.

Bao Junwei does not believe in evil.

lidar is the core component of the automatic driving perception layer. Responsible for 36-degree perception of the environment and long-distance detection, the cost is high. To a certain extent, it can adversely affect the price of the whole vehicle, and some car companies even use lidar as an "option".

Bao Junwei's goal is to control the cost of lidar within $1,.

According to the report of Niuche. com in June, Innovusion has received orders from customers such as Weilai and Baidu, with a shipment of nearly 1, pieces, and it is expected to break 1, pieces in 222.

"At present, we put more emphasis on making our own products to ensure mass production and safety."

although the current vehicle-mounted lidar is still in the growth stage.

However, Industrial Securities predicts that the global market scale of lidar is expected to reach 48.3/12.6 billion yuan in 225/23, and the compound growth rate is expected to reach over 8% in 221-23.

Innovusion was once advertised as "the first manufacturer in the world to achieve 3 lines".

its main market competitors are Velodyne, hesai, Luminar, etc. Valeo Scala and DJI Livox adopt similar technical routes.

It is worth noting that Velodyne, which Baidu once invested in, has occupied 8% of the global lidar market share.

their relatively mature laser radar with good performance is 32 lines, and its latest technology can only reach 128 lines.

Bao Junwei once thought that Innovusion would bring subversive changes to lidar and even the whole autonomous driving industry, both in technical performance and price, as long as it entered mass production.

Another interesting point is that when Baidu decided to invest in Velodyne, it was Bao Junwei, then the director of Baidu's autonomous driving division, who did all the technical tuning.

however, for the time being, capital believes in stories and values the background.

and none of Bao Junwei's opponents are weak.

David Hall, the founder of Velodyne, introduced his 3D lidar to autonomous driving when he participated in the second DARPA Challenge. Now he is the absolute leader of mechanical radar and has the first-Mover advantage. I am putting all my efforts into mass production.

Luminar, another US listed company, was founded by two photoelectric experts;

the founding team of domestic hesai technology was also born in Tsinghua precision instrument department. Pay more attention to the research and development of the underlying chip. At present, it is attacking Velodyne's dominant position.

Recently, Bao Junwei's old boss, Baidu, and its intelligent car-making company, Jidu Automobile, are about to formally cooperate with Hesai Technology.

the strong enemy is on the side.

Innovusion also needs solid mass production to clear its name.

Weilai has cooperated with Innovusion for many years.

weilai's first mass-produced car, ET7, is defined as the flagship by Li Bin, which is a traditional strongman like the BMW 7 series.

The automatic driving system of ET7 was also consciously built as an "aircraft carrier" by Weilai.

and the "glasses" of the aircraft carrier were given to Innovusion. This shows Li Bin's expectation of Bao Junwei.

at present, the total amount of Innovusion B financing has reached 13 million US dollars.

The investment was led by Guotai Junan International Private Equity Fund, followed by capital investment, and the original investors Weilai Capital, Temasek and Stowe Capital also participated in this round of investment.

Innovusion's new round of financing will be used to complete the mass production delivery of ET7 lidar with Junsheng Electronics.

36kr reported that "Junsheng Electronics completed its strategic investment in Innovusion at the beginning of the year. In terms of production, Innovusion is cooperating with Junsheng to design production lines and process equipment."

It is worth noting that due to Shunwei's intervention, when the market interprets Xiaomi's car-making, some people once classified Innovusion as Xiaomi.

However, on June 8th this year, Xiaomi, together with Gao Ling and Meituan, led the bid for the laser radar head enterprise, Hesai Technology.

Although the layout and emphasis of the technical routes of major manufacturers are different, the leaders of the routes also have unique competitiveness and differences.

At present, the listed/to-be-listed companies in the laser radar field are still at a loss.

Only in the future, with the increase of mass production vehicles, can the financial situation of Lidar Company be expected to improve.

how to target production cars? Work more closely with OEM? Catering to the trend of integration and chip?

as a upstart of lidar, we have already made up two short boards through Weilai Order and Yousheng Electronics, but Innovusion still needs to rush.