5G is coming, and the Internet of Vehicles is just around the corner! Capital and giants compete for A-share companies (shares)

5G is coming, which application fields will be the first to break out and grow into hundreds of billions of new markets?

"On the basis of the network infrastructure provided by 5G, the popularization of automotive electronic software and hardware, and the accelerated development of electric vehicles, the Internet of Vehicles has become a definite opportunity, and the outbreak is imminent." When Sun Jianbo, chief economist of Huayue Capital, was interviewed by the reporter of Shanghai Stock Exchange, he first expounded the logic of optimistic about the Internet of Vehicles.

According to many industry experts such as Pang Chunlin, secretary general of TIAA, the Internet of Vehicles involves many participants such as people, cars and roads. Among them, intelligent hardware such as sensors, communication networks, sensitive algorithms and other new technologies and new products have good investment value. According to the sequence of industrial chain outbreak, Guo Jin Securities and other institutions believe that electric vehicles, driverless cars and car networking are the driving forces of the semiconductor industry.

Opportunities At present, a large number of A-share listed companies have "conspired" to connect vehicles, from electric vehicles, autonomous driving, electronic components to vehicle terminals. For example, SAIC has made a comprehensive attack in the fields of electric vehicles, autonomous driving and smart car networking. Wen Tai Science and Technology specializes in automotive electronic components, and the Big Dipper cuts into the direction of intelligent networked cars and intelligent cockpit from navigation.

Improve the three foundations

19 In February, the Ministry of Industry and Information Technology issued the "Key Points of National Radio Management in 20 19", proposing to release some millimeter-wave frequency band usage plans of the 5G system in time to guide the development of the millimeter-wave industry of the 5G system. Previously, the Ministry of Industry and Information Technology has designated a dedicated frequency band for the Internet of Vehicles.

In the eyes of many people in the industry, China's 5G is fully commercialized, and the Internet of Vehicles is a foregone conclusion, and the outbreak is imminent.

Sun Jianbo explained to reporters the logic of optimistic about the Internet of Vehicles: First, the network infrastructure, 5G enables the information transmission of the Internet of Vehicles to be realized; Second, automobile electronic hardware and software began to spread, and the development of semiconductor technology brought down the price of hardware such as sensors and chips. Mobile Internet has made applications more popular, and automotive electronic software and hardware have entered a large-scale application period. Thirdly, with the accelerated development of electric vehicles, the Internet of Vehicles has an energy base for large-scale application. With these three basic conditions, people, cars and the outside world (such as road surface) can realize efficient information interaction and the development of car networking.

Pang Chunlin further emphasized the importance of 5G: the importance of 5G to the Internet of Vehicles is reflected in the fact that the information transmission between machines has fundamentally broken through the limitations of time, quantity, space and role. Therefore, 5G technology can become an important part and bearing foundation of the three major systems (fusion sensing system, information interaction system and intelligent computing system) of the future vehicle networking. Wang Yun, an associate researcher at the Institute of Microelectronics, Chinese Academy of Sciences, also said that 5G will solve the key requirements of "high bandwidth, low delay and high reliability" in the vehicle networking communication network.

Then, will this round of car networking market repeat the mistake of 20 15-"a chicken feather in one place" after the hustle and bustle? Sun Jianbo believes that from the development history of Internet and mobile Internet, after having the basic conditions, more applications and demands can be born, thus making the industry develop in a virtuous circle.

"Once the penetration rate of technology consumer goods reaches 10%, the impact on the economy will gradually appear, and the industry will enter a stage of rapid outbreak." Sun Jianbo emphasized the role of electric vehicles in promoting vehicle networking. He believes that electric vehicles will follow this law, and enter an explosive period after three years, bringing more kinetic energy to the Internet of Vehicles. The reporter found that in 20 18, the sales volume of new energy vehicles in China was1256,000, accounting for 4.4% of the total car sales. Some institutions predict that the ratio will reach 6% in 20 19 and 10% in 2020.

Pang Chunlin is more cautious. He believes that the comprehensive car networking outbreak should be between 2025 and 2030, and the sign of the outbreak is the official commercialization of 5G technology.

"Of course, if the 5G-based personal terminal car networking module is promoted smoothly, the outbreak will be advanced." Wang Yun further refined the technical indicators and put forward the concept of network access ratio. "For example, if the network access ratio reaches 50%, it means that the Internet of Vehicles has broken out."

Just need to find certainty

The Internet of Vehicles has become a global hotspot. CCID's Vehicle Networking Industry Development Report (20 19) shows that the global vehicle networking is developing at a high speed. At present, the number of connected cars in the world has reached 90 million, which is expected to increase to about 300 million by 2020 and exceed10 billion by 2025. At present, in China, Russian Federation, Western Europe and North America, more than 70% of newly assembled vehicles have been equipped with Internet interfaces.

Under the impetus of the policy, China Intelligent Networked Automobile ushered in the opportunity of rapid development. 20 18, 1 1, the Ministry of Industry and Information Technology issued "Regulations on the Management of 5905-5925MHz Frequency Bands for Vehicle Networking Direct Communication (Intelligent Networked Vehicles)", which designated special frequency bands for Vehicle Networking. In June 5438+February of the same year, the Ministry of Industry and Information Technology formulated the Action Plan for the Development of the Internet of Vehicles (Intelligent Networked Vehicles) to further promote the development of the Internet of Vehicles industry. Previously, the Ministry of Industry and Information Technology and the National Development and Reform Commission successively issued a number of policies, such as "Guidelines for the Construction of Vehicle Networking Industry Standard System (Intelligent Networked Vehicles)" and "Intelligent Vehicle Innovation and Development Strategy".

On the eve of the outbreak of the Internet of Vehicles, only by finding a certain demand can we truly grasp the investment opportunities. Sun Jianbo believes that just need is the spontaneous development and choice of the market and industry. Now he only focuses on the fields of charging, batteries and electronic services, and the application of car networking should be left to the market and users to choose.

Combined with industry experience, Pang Chunlin believes that the core parts of the Internet of Vehicles are intelligent hardware (perception+calculation+execution), communication network (short delay, high bandwidth and large capacity) and sensitive algorithms (including cloud computing, central computing and edge computing) that can support information interaction, transmission and decision-making between machines. These new technologies and products are different from the traditional technical fields and have good investment value. Wang Yun further pointed out the vehicle sensor, C-V2X communication technology, edge/ cloud computing, information security of vehicle networking, high-precision positioning, voice recognition technology and other specific fields.

In view of the industrial trend of 20 19, Pang Chunlin believes that autonomous driving should be the practical application field of the Internet of Vehicles in a specific application field and the L3 level of General Motors, and it can achieve phased results in the commercialization field. It is reported that according to the relevant deployment, TIAA and China ICT Institute have completed the research experiment of intelligent transportation radio station on 20 18, which can support the experimental application frequency of vehicle networking and agricultural direct communication (frequency 59 15-5925MHz) issued by the Ministry of Industry and Information Technology, which will also accelerate the commercialization of vehicle networking.

Competition between capital and giants

Above the tuyere, capital has accelerated the staking, and startups have frequently obtained financing. Mushroom Zhixing recently said that it has completed Series A financing of $65,438+$200 million. It is reported that the financing was led by Tencent, and JD.COM and Heima participated in the investment. Mushroom Zhixing focuses on mobile Internet vehicle smart devices and provides vehicle networking solutions.

Driverless driving is favored by capital. 13 In February, the driverless startup Tucson Future announced that it would complete the $95 million Series D financing by the end of 20 18. After this round of financing, the company's valuation exceeded10 billion US dollars. Prior to this, Nuro, an American autonomous driving startup, also received $940 million in financing from Softbank Vision Fund. Since then, the company has received more than $500 million in investment from Amazon and Sequoia Capital.

Technology companies and internet giants are already competing for the share of car networking. With its self-driving development platform NVIDIA DRIVE AGX Xavier, the circle of friends of chip giant NVIDIA includes not only Tesla, but also domestic Internet car companies and traditional car companies such as Tucki, Singularity, FAW and Volvo.

Bath (Baidu, Ali, Tencent, Huawei) has already laid out the field of car networking. 20 18 in autumn, Ali announced a large-scale vehicle-road coordination plan. On June 18, 10, 18, Ma announced that Tencent was doing car WeChat. Tencent regards the Internet of Vehicles as an important entry point for the industrial Internet of Things, and has formulated a smart travel strategy.

In the field of driverless driving, Baidu is already a "veteran" with good strength. Baidu said in the fourth quarter financial report of 20 18 that the Apollo autonomous driving open platform has made breakthroughs in technology and commercialization. Huawei also uses the Internet of Vehicles as a new track. On June 20 18, the IoV platform was released, which is dedicated to creating a fully connected intelligent world connecting people, cars, roads and other things.

Different from the previous "subversion", technology companies are integrating with traditional car companies. At the beginning of February this year, Guangzhou Automobile Group announced its cooperation with Tencent, with a total investment of 654.38 billion yuan to establish a mobile travel project platform company. It is reported that in addition to Guangzhou Automobile Group, Tencent has also carried out in-depth cooperation with Changan Automobile, BMW, FAW, Geely Holding, BYD and Dongfeng. With the help of Apollo platform, Baidu has bound Chery, Hyundai and Mercedes-Benz. In addition to AliOS, Ali also cooperated with SAIC to incubate the zebra network.

A-share companies are entangled with each other.

In the view of Guo Jin Securities, electric vehicles, driverless cars and car networking are the driving force trilogy of the semiconductor industry. By 2025, the compound annual growth rate of the global automotive semiconductor market will be at least 1 1% to 13%, which is much higher than the compound annual growth rate of the industry of 4% to 6%.

Opportunities At present, a large number of A-share listed companies have "conspired" to connect vehicles. As a car giant in China, SAIC is attacking in all directions in the field of car networking. On March 20 1 August1day, Shanghai issued the first batch of national intelligent networked open road test plates, and SAIC and Weilai Automobile became the first enterprises to get photos. The zebra network cooperated with Ali has been well received by the industry and has entered Roewe, MG, Datong, Dongfeng Citroen, Ford and other brands.

With the electrification of automobile, the power plant has a good development opportunity. Anshi Semiconductor, which is controlled by Wen Tai Science and Technology, has a profound accumulation in the field of power devices. Farah Electronics is the leader of thin film capacitors for new energy vehicles. The company's "Dongfu Capacity Expansion Project" was completed in 20 17, and the first phase of planning has a supporting capacity of 3 million new energy vehicles.

Autopilot has become a global trend. Yole predicts that by 20021year, the market size of ADSA (Advanced Driver Assistance System) and autonomous driving in China will reach 42.6 billion yuan, with an average annual growth rate of 67%. At the level of listed companies, Oufei Technology actively deploys automotive electronics, and its main products include intelligent central control system, reversing image, 360-degree panoramic system, vehicle-mounted camera, millimeter-wave radar and other ADSA products, and body electronics. 1 ADSA should be equipped with 5 cameras on average, including 1 rearview camera and 4 panoramic cameras. The demand for car lenses has greatly increased. Lianchuang Electronics 20 16 entered the Trass supply chain. At present, the company has developed more than 20 car lenses for Trass, NVIDIA and Mobileye.

On the eve of unmanned driving, listed companies in map, positioning and navigation will take the lead, and Big Dipper, Zhonghaida, SuperMap Software and Zhenxin Technology will receive market attention. Gao, investment director of the investment and financing department of Big Dipper, said that the next two years will be the window period for key basic supporting technical standards of intelligent networking, such as 5G and car networking standards. Beidou will also be laid out in 2020 and become the technical standard for high-precision positioning of intelligent networked vehicles.

Gao introduced that the Big Dipper cut into the direction of intelligent networked cars and intelligent cockpits from navigation. The company began to enter automotive electronics when it acquired Shenzhen Xugang on 20 10. Later, it successively acquired and invested in Shenzhen Beidou, Germany in-tech Company, Sirun Tianlang, Jiangsu Zejing, and China Automobile (Beijing) Intelligent Networked Automobile Research Institute Co., Ltd., and established the Automotive Electronics Research Institute. The reporter found that at the end of 20 18, the funds raised by Big Dipper did not exceed 10 billion yuan, which was used for the renovation and expansion of the production capacity of intelligent networked automotive electronic products.

With the rapid development of car networking, ICT (information and communication technology) and OEM (automobile manufacturer) companies have been heavily ambushed. In terms of vehicles, T-Box (remote information processor), a high-tech emerging front-mounted vehicle terminal, was selected into BYD's supplier procurement list, and OBD (on-board diagnosis system), an aftermounted terminal, mainly focused on European and Southeast Asian markets and entered major manufacturers such as Geely, BYD and Changan Automobile. In the field of upstream in-vehicle chips, as the main promoter of the formulation of LTE-V (Workshop Information Interaction) standard, *ST Datang launched the integrated solution of LTE-V vehicle networking as early as 20 15, and also cooperated with Qualcomm to develop a chipset based on cellular vehicle networking.

According to Guo Jin Securities, from the perspective of 20 19, the network is the biggest investment opportunity for the mid-term car networking, mainly including the road test unit RSU, communication base station and edge data center that meet the standards of car networking. *ST Datang and Neusoft Group can provide related communication terminal products, and ZTE can already provide test base stations.

(Article Source: shanghai securities news)

(Original title: 5G has come to the Internet of Vehicles)