According to the company's official website information, NavInfo and Mobileye announced that they have reached a comprehensive strategic partnership. Shuangfa will develop and release Mobileye's road network acquisition management (REM) products in China. In the future, the two parties will use Mobileye's REM technology to integrate China's road book (RoadBook), combined with NavInfo's new automated driving map and high-precision positioning capabilities, to jointly deploy local commercialization of China's autonomous driving.
How to understand Mobileye's choice?
1. Understanding Mobileye is not just a product company but a data company. Mobileye is the world's leading supplier of ADAS products. The product includes a complete set of equipment, underlying algorithms and chips. If so understood, Mobileye is just a product company. However, we believe that the ADAS product is just a data collector and sensor of Mobileye, and its significance lies in his data strategy. The map data is an important item in the Mobileye data strategy. This also reflects the important role of map data in smart driving in the future.
2. Understand the limitations of Mobileye's existing REM. The REM map service technology, which stands for RoadExperienceManagemen map service technology, is a solution proposed by Mobileye in the field of high-precision maps in the field of automatic driving. Because Mobileye is not a map manufacturer in the traditional sense, it has taken a different path and can play its own advantages in solving high-precision map problems. In simple terms, Mobileye uses its own camera to capture road surface information and combines vehicle location information with real-time map data and location services. Of course, this choice is based on Mobileye's market share of more than 90% of the global ADAS visual camera market, which means that there are enough vehicles to support the mapping of real-time map data. The above is from the product thinking point of view of this issue, but in practical applications, the visual camera sensor has its limitations, car companies generally do not use it as the only sensing device (at least not so far), that is, the main plant is not large The perception and positioning functions may be completely performed by a single sensor or technology. So REM provides high-precision map services are not perfect.
3, understand Mobileye's goal in the field of maps. Since CES 2016, Mobileye has released REM map service technology based on camera capture and identification, and has continuously sought cooperation with the outside world in the field of maps and positioning. On the one hand, it is constantly increasing the camp of REM map services, working with more car companies to further expand its own crowdsourcing data volume, and at the same time providing real-time high-precision map services for these car companies; on the other hand, it is more worthy of attention. However, Mobileye continues to increase its cooperation with map makers. The biggest impact is the cooperation with Here, the world’s largest map maker, in December 2016. The cooperation includes integrating the REM algorithm into Here’s HDLiveMap system to help Here improve and enrich Its high-precision map data), later Mobileye and the Japanese map maker Zenrin also cooperated to establish high-precision map data covering the entire Japanese highway. It can be seen that Mobileye's positioning of its own REM is very clear. It needs external complement to enhance the safety and stability of REM, and it is also constantly expanding the use of REM in different countries and regions. We believe that Mobileye’s goal in the field of maps is to establish a high-precision map system that covers the globe together with major car makers and mappers. Based on this, we can better understand why Mobileye chose to cooperate with NavInfo.
How to understand the four-dimensional choice?
1. Understand the indispensability of high-precision maps in smart driving. High-precision maps not only play the role of a map in smart driving, but also more importantly realize the sensor environment perception function. In general, high-precision maps are equivalent to humans pre-labeling information about the surrounding environment (including roads, traffic signs, intersection information, etc.) on the map. This is equivalent to priori information, and smart driving vehicles use multi-sensors to sense ambient data. At that time, the prior information provided by high-precision maps can compensate for the lack of sensors under special circumstances, as well as enhance the accuracy of sensor identification results under normal circumstances, and enhance the safety of smart driving. We all know that Security is always the highest priority in scaled application of automotive technology.
2. Understand the real-time requirements of high-precision maps. The application of high-precision maps finally needs real-time updates and real-time synchronization. In this regard, two "real-time" actions are generally accomplished through a cloud computing platform.
4D already has the FASTMAP cloud platform technology and can complete mapping, uploading, reviewing, updating, and distributing map data in a short time. In August 2017, Siwei launched FastMap's next-generation on-line map production and distribution platform to achieve real-time updates of maps through “artificial + automated technologyâ€. It can be seen that it is still difficult to achieve this kind of real-time effect in a fully automated way. We believe that access to REM data is expected to further enhance the ability to update the 4D map data in real time.
3. Understand the progress of 4D in high-precision maps. First, currently, 4D is gradually evolving from the ADAS high-precision map of the expressway to the city's Level 3 high-precision maps and Level 4 high-precision maps. Secondly, 4D also signed a strategic cooperation agreement with Bosch Automotive based on high-precision maps. The two companies will integrate high-precision map data of the company’s lanes and location data, and integrate multi-source data fusion technology with Bosch road characteristics. The cooperation development and joint verification are carried out for real-time updating of high-precision map data. Thirdly, according to the information on the investor interaction platform, Siwei is the first domestic commercialized company to achieve ADAS maps with an accuracy of 20cm, and applies it to high-end vehicles such as BMW, Mercedes-Benz, and Tesla.
How do the two parties cooperate? If we simply understand it, we believe that this will complement the advantages of the two high-precision map acquisition methods. The combination of the two parties is expected to further enhance NavInfo's new high-precision map production capabilities.
(1) More dimensions. REM technology has the advantages of low cost, popularization, and small data size. REM's crowdsourced data can provide additional dimension data for NavInfo's new HDMAP. (2) More real time. REM is real-time mapping service through crowdsourced data, which can be real-time, mainly through real-time sensing data of EyeQ visual camera. This can greatly improve the real-time performance of four-dimensional high-precision map data. (3) More efficient. The REM system can provide more accurate positioning for self-driving cars with better efficiency than traditional positioning methods. From this point of view, it can help NavInfo's new automated driving map to more efficiently support the realization of automatic driving. (4) Common goal: To speed up the process of autopilot in China. More dimensions and more real-time data lay the foundation for large-scale mass production of high-precision maps. Ultimately, it is to build China's autonomous driving solutions.
Earnings forecasts and investment advice. We believe that this cooperation is expected to further enhance NavInfo's strength in the field of high-precision maps and accelerate its automated driving layout process. We estimate that the company's EPS for 2017-2019 will be 0.21/0.36/0.49 respectively, and the current stock price for the 2017-2019 PE will be 124X, 72X, and 53X, respectively. Maintain "Buy" rating.
risk warning. The cooperation between the two parties has progressed to lower than expected risks. The application process of high-precision maps is lower than expected, and the development of domestic autonomous driving is less than expected.
Arts And Crafts Zinc Casting,Cold Chamber Die Casting,Aluminium Gravity Die Casting,Gravity Die Casting Parts
Dongguan Metalwork Technology Co., LTD. , https://www.dgdiecastpro.com