NavInfo(SZ:002405)2024-08-28 10:29Group 1: Company Overview and Market Context - In H1 2024, the automotive industry in China is characterized by intense price competition, leading to the elimination of underperforming players [3] - The demand for localized supply chains is increasing due to both domestic and international market conditions [3] - Four-dimensional Map New Technology Co., Ltd. has transitioned from a single product provider to a comprehensive solution provider focused on intelligent driving [3] Group 2: Product Development and Achievements - The company shipped nearly 10 million MCU chips in H1 2024, marking a 13% increase, with total shipments reaching 60 million [3] - The 8015 chip has gained significant customer recognition, while the 8025 chip has begun small-scale production and secured international clients [4] - The company is developing the AC8025AE chip, which integrates multiple functions and aims to meet L2 autonomous driving requirements at a controlled cost [4] Group 3: Strategic Focus Areas - The company is focusing on the integration of high-precision maps and cloud-based solutions in the intelligent connected vehicle sector [5] - Key areas of development include collaboration with the Ministry of Natural Resources on standards for L4 autonomous driving applications [5] - The company aims to enhance its role in traffic management and big data applications within the vehicle-road-cloud ecosystem [5] Group 4: Operational Efficiency and Cost Management - In response to ongoing pressures in the automotive supply chain, the company is implementing cost-reduction and efficiency-enhancing strategies [6] - Emphasis is placed on customer-centric approaches, market analysis, and resource optimization to improve decision-making and product strategies [6] - Strengthening supply chain management is a priority to achieve better performance and return value to investors [6]