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China Fund News reporter Niu Siruo

On August 7, NavInfo released an announcement stating that the consortium formed by its subsidiary Qualcomm and Beijing Baidu Netcom Technology Co., Ltd. won the bid for the roadside intelligent perception equipment-1 section project of the Beijing High-level Autonomous Driving Demonstration Zone 3.0 Expansion Construction Project, with a total bid amount of 250 million yuan.

NavInfo said that this project will be aimed at high-level autonomous driving, based on serving intelligent networked vehicles, and taking into account smart city functions such as traffic control and transportation. This winning bid will have a positive impact on the company's operating performance and development. Under the new market opportunities, the company will actively promote the implementation of more application scenarios, boost the development of the Internet of Vehicles industry ecosystem and the upgrading of smart city construction.

At the beginning of this year, in order to accelerate the technological breakthroughs and industrial development of intelligent connected vehicles, the Ministry of Industry and Information Technology, together with four other departments, issued a notice on carrying out the pilot work of "vehicle-road-cloud integration" application of intelligent connected vehicles, requiring the construction of a number of city-level application pilot projects, promoting the construction of intelligent roadside infrastructure and cloud control basic platforms, achieving full coverage of 5G communication networks in pilot areas, and deploying C-V2X infrastructure including LTE-V2X direct communication roadside units.

It is worth noting that this project is the first "vehicle-road-cloud integration" equipment bidding project in China since the announcement of the list of pilot cities for "vehicle-road-cloud integration" applications. At present, the first batch of intelligent connected vehicle "vehicle-road-cloud integration" application pilot cities such as Wuxi, Shenyang, and Chongqing have also successively carried out related bidding work.

According to the forecast of the Forward-looking Industry Research Institute, China's road mileage is expected to reach 6.15 million kilometers in 2030, and the number of cars is expected to reach 380 million. By then, the application penetration rate of China's roadside units (RSU) is expected to reach 30%.

Dongxing Securities Research and Analysis stated that the launch of the "vehicle-road-cloud integration" design bid and equipment bidding indicates that the construction of smart transportation is progressing steadily. Beijing's progress is in line with expectations, and other pilot cities are also expected to advance gradually. The overall market space is expected to exceed 100 billion yuan.

Industrial Bank Research analyzed that vehicle-road-cloud collaboration is currently in the early stages of development with "policy-driven, government investment, and pilot demonstrations in some places." In 2024, the country will launch a large-scale application pilot, and the industry is expected to usher in a new round of development.

Editor: Captain

Audit: Wooden Fish

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