2025-06-19 09:46Summary of Conference Call Records Industry Overview - The conference call focuses on the automotive electronics architecture, specifically advancements in suspension technologies, including active and semi-active suspension systems, and their implications for vehicle performance and manufacturing processes [1][2][3]. Key Points and Arguments 1. Active Suspension Technology: Active suspension systems adjust vehicle posture using hydraulic fluids, enhancing both handling and comfort. This technology is transitioning from luxury models to more affordable vehicles priced around 500,000 RMB [1]. 2. Mechanical Requirements: The implementation of active suspension necessitates higher mechanical standards, such as double wishbone and multi-link rear structures, which are more complex than traditional setups [1][4]. 3. Performance Enhancement: Active suspension offers significant improvements in vehicle performance, balancing handling and comfort better than traditional mechanical systems [3]. 4. Electric Control Systems: Electric control systems are becoming crucial in vehicle performance, with a trend towards integrating control algorithms into the vehicle's domain controllers, allowing manufacturers to reduce costs and enhance their bargaining power against traditional suppliers [11]. 5. Market Penetration: Full active suspension systems are expected to become mainstream in vehicles priced between 500,000 to 600,000 RMB by around 2027, with current technologies already established [10]. 6. Domestic vs. International Standards: While domestic vehicle tuning has improved significantly, especially in standard consumer vehicles, there remains a gap in high-performance and racing vehicles compared to international standards [5]. 7. Integration of Control Systems: The integration of control systems does not reduce the need for high-quality mechanical components; rather, it raises the bar for mechanical standards to ensure optimal performance [19]. 8. Intelligent Chassis Technology: Intelligent chassis technologies, such as steer-by-wire systems, are still in limited production, with few models currently utilizing these advanced features [12][20]. 9. Emerging Technologies: The next generation of electronic mechanical braking systems (EMB) is under development, aiming to eliminate hydraulic components entirely, although regulatory hurdles currently prevent mass production [23]. 10. Supplier Dynamics: The shift towards electric control systems is enabling domestic suppliers to compete more effectively against international giants like Bosch, fostering a more competitive landscape in the automotive supply chain [11][24]. Additional Important Insights - Cost Considerations: The high costs associated with advanced technologies like steer-by-wire may delay their adoption in mainstream vehicles, as traditional mechanical systems still provide satisfactory performance for most consumers [21][22]. - Collaboration Models: Future collaborations between manufacturers and suppliers in the development of EMB technologies may shift towards more transparent models, allowing for greater innovation and efficiency in the industry [25]. This summary encapsulates the critical developments and insights from the conference call, highlighting the evolving landscape of automotive technology and its implications for manufacturers and consumers alike.