Xpeng’s all-electric mid-sized sedan, is helping Huizhou, Greater Bay Area, Shenzhen’s, Li Auto, Huawei Technologies

Desay SV Automotive, a Huizhou-based electronics components maker, is developing new technologies that could help Chinese electric vehicle (EV) makers put passengers into driverless cars.

The technology developer behind the P7, Guangzhou-based EV maker Xpeng’s all-electric mid-sized sedan, Desay has been working with Canada-based security software provider BlackBerry and US-based chip maker Nvidia to deliver internal computing hubs that can power autonomous driving.

Beijing wants one in every five new cars hitting China’s roads to be either purely electric, hybrid or fuel-cell powered by 2025, which could amount to four million such vehicles. And Desay, which is the country’s leading supplier of automotive electronics, is helping Huizhou – the second-largest among the nine mainland Chinese cities covered by Beijing’s Greater Bay Area development zone – run with the big boys as China’s EV sector gathers pace.

Shenzhen-listed Desay occupies a 100,000 square metre industrial estate in Huizhou’s hi-tech industrial development zone with Desay Battery, a sister company that mainly produces lithium-ion batteries and supplies to Apple.

Moreover, Huizhou borders Shenzhen’s Pingshan district, which is home to BYD, the EV and rechargeable batteries giant. This concentration of big Chinese technology companies has boosted the role Greater Bay Area is playing in consolidating China’s lead in EVs globally.

“China is likely to stay as the largest automotive market, as well as the largest EV market, for years to come,” said Grant Courville, vice-president of products and strategy at BlackBerry QNX, an operating system widely used in cars. China was one of the most important markets for BlackBerry’s automotive business, he added.

Desay did not respond to emailed enquiries made by the Post.

Last September, Desay said it was building a domain control unit – the centralised architecture that controls several functions such as help with parking, blind-spot detection and advanced driver assistance systems – for Li Auto. Desay is helping the Nasdaq-listed Chinese EV maker develop a Level 4 autonomous driving system. Cars at this level possess a high degree of self-driving capabilities and can function without human interaction in most circumstances. The technology, which will be based on Nvidia’s Orin chipset, is expected to go into mass production next year.

Analysts said they expected Desay’s intelligent driving technology business, including domain controllers, to drive growth in the near term.

“With big technology groups such as Baidu, Huawei Technologies and Xiaomi expanding into electric intelligent vehicles, the growth potential of Desay, which is a core supplier of automotive electronics, looks more certain during the sector’s early stage of development,” Lei Xiaoyi, an analyst at Western Securities based in Shanghai, said in a recent research note on the company.
 
Apart from autonomous driving technology, the company also supplies intelligent cockpit systems to foreign carmakers, as well as their Chinese joint venture partners. For instances, it provides infotainment and display systems to Japanese carmaker Mazda and Tianjin FAW Toyota Motor, a joint venture between Toyota and the state-owned FAW Group. Its infotainment system supports Apple’s Carplay. It also supports Baidu’s CarLife, integrating its mapping service and traffic alerts into the cabin display screen.

Chinese technology companies’ mobile internet capabilities are driving the country’s EV sector, according to Zhen Cheng, a director at Desay.

“The concept of an automobile resembles increasingly that of a smartphone. The development of China’s smart vehicle sector has been swift … the reason is exactly because the capability of the mobile internet is spilling over to the automobile sector,” he told a new energy vehicle forum in May.


Japan travel news, japan travel guides, japan holiday destinations and japan reviews

LATEST NEWS

NEWS RELATED

Cafe de Coral to speed up China expansion after mainland business, sops boost restaurant firm’s net profit

Hong Kong-listed Cafe de Coral Holdings, one of Asia’s largest restaurant and catering groups operating quick-service restaurants, will speed up its expansion in mainland China with 17 store openings in the pipeline. The company revealed its plans after its net profit for 2020 almost quintupled, despite lower revenue in Hong…

Read more: Cafe de Coral to speed up China expansion after mainland business, sops boost restaurant firm’s net profit

Stanley Ho’s youngest son Mario launches firm to help family offices tap investment opportunities in Greater Bay Area

Mario Ho Yau-kwan, the youngest son of the late Macau casino tycoon Stanley Ho Hung-sun, has set up a family office platform to help wealthy families tap opportunities in the fast-growing Greater Bay Area. Ho, 26, a maths whizz and the youngest finance graduate ever from the Massachusetts Institute of…

Read more: Stanley Ho’s youngest son Mario launches firm to help family offices tap investment opportunities in Greater Bay Area

New trends emerge as hotel operators embrace ‘adapt, adjust and accommodate’ mantra for survival

“Adapt, adjust, accommodate,” a phrase traditionally associated with Eastern Yogic philosophy, has become an important mantra for the hotel industry over the past year. Operators have been forced to adapt quickly to survive, adjust the nature of service, and stay in line with their ultimate service of accommodating guests. The…

Read more: New trends emerge as hotel operators embrace ‘adapt, adjust and accommodate’ mantra for survival

Hong Kong coronavirus: 2021 to be a difficult year for banks as their bottom lines remain squeezed by low interest rates and economic uncertainty amid a raging global coronavirus pandemic

The profitability of Hong Kong’s banking sector, including such big lenders as HSBC and Standard Chartered remains under pressure in 2021, weighed down by historically low interest rates and the ongoing economic uncertainty tied to the coronavirus pandemic, according to KPMG China. Net interest margin – a key profitability measure…

Read more: Hong Kong coronavirus: 2021 to be a difficult year for banks as their bottom lines remain squeezed by low interest rates and economic uncertainty amid a raging global coronavirus pandemic

Hang Seng Indexes boss aims to launch more gauges tracking Greater Bay Area, biotech, environmental stocks’ performance

The compiler of Hong Kong’s benchmark stock index aims to launch more indices to track the performance of shares in the Greater Bay Area, according to its chief executive. New indices would also focus on biotech firms and stocks related to climate change as Hang Seng Indexes aims to become…

Read more: Hang Seng Indexes boss aims to launch more gauges tracking Greater Bay Area, biotech, environmental stocks’ performance

Chinese hi-tech hub Shenzhen gears up for steady economic expansion over next five years, cementing its role as the Greater Bay Area’s ‘core engine’

Shenzhen, China’s Silicon Valley and the richest city in southern Guangdong province, expects to achieve steady economic expansion through 2025 under a new five-year plan, helping cement the metropolis’ role as the “core engine” of the Greater Bay Area (GBA). The city’s 14th five-year plan from 2021 to 2025, released…

Read more: Chinese hi-tech hub Shenzhen gears up for steady economic expansion over next five years, cementing its role as the Greater Bay Area’s ‘core engine’

HSBC to split Asia-Pacific global banking role between two executives

HSBC, the biggest of Hong Kong’s three currency-issuing banks, plans to split leadership in its Asia-Pacific global banking segment between two executives after David Liao, the former head of the business, was promoted to co-chief executive (CEO) for the region. Stuart Lea will become head of global banking coverage for…

Read more: HSBC to split Asia-Pacific global banking role between two executives

Hong Kong will explore digital currency, monetary authority says as it launches fintech plan

The Hong Kong Monetary Authority (HKMA) will study the feasibility of a digital currency over the next 12 months. The HKMA, the city’s de facto central bank, will include users’ privacy, security and anti-money-laundering concerns in the study, Eddie Yue Wai-man, the authority’s chief executive (CEO), said on Tuesday. The…

Read more: Hong Kong will explore digital currency, monetary authority says as it launches fintech plan

Hong Kong insurers hire record number of agents to boost local sales as pandemic stops mainlanders visiting to buy insurance products

HSBC to split Asia-Pacific taipan role between two co-heads in latest management shake-up

How Asean can grab the opportunities offered by the Greater Bay Area

Cracks in Shenzhen home prices emerge in reaction to mysterious shaking of SEG skyscraper

Morgan Stanley set to buy larger stakes in China securities, funds joint ventures

What are Citizens Bank and Cathay Bank, the buyers of more than 90 of HSBC’s US branches?

China’s digital economy: network of data centre hubs to address infrastructure imbalance between east and west

How Hong Kong can cement its position as a biotech listing hub

OTHER NEWS