Made in China 2025 indicates the future direction of China's auto industry. With the slowdown of economic growth, traffic deterioration in the cities, and environmental pollution, the growth rate of sales of traditional automobiles in our country has dropped significantly in the past two years. The China-made 2025 plan proposes that by 2020, vehicle-vehicle, vehicle-facility interconnection will be achieved, and the overall technology and key technologies of intelligent assisted driving will be mastered.
We believe that in the future, China's auto industry will usher in a subversive change, and automobile information and intelligence will become an important development direction.
Automotive intelligence accelerates the development of the automotive electronics industry. Automotive electronics is the basic component of intelligent cars. We believe that the market size of China's automotive electronics industry will grow rapidly in the next five years. In the subdivided industries, we are optimistic about upstream components and chip manufacturers and downstream system integrators, communication service providers, platform operators, and content providers. Based on the current technology maturity, new vehicle penetration rate and market demand conditions, we are optimistic about the on-board information systems, including navigation, entertainment, automotive communications, and human-vehicle interaction systems.
The human-vehicle interaction system (HMI) and active safety system (ADAS) have broad prospects. In the field of smart cars, we believe that the human-vehicle interaction system (HMI) may be the first breakthrough. Through the human-machine interaction HMI, drivers, network information and other content can be accessed to the car; the central control platform is the core hardware of the HMI, and has a vast market space in the future; as an important component of the HMI system, the car screen has both input and output bidirectional functions. Touch screens and large screens are trends. In the field of vehicle networking, with the increasing demand for driving safety and convenience, the Advanced Driver Assistance System (ADAS) of automobile has attracted the attention and interest of the majority of drivers. Current ADAS-related technologies have achieved breakthroughs, costs have dropped significantly, and product penetration rate Gradually increase, the future of ADAS products is expected to enter the market outbreak.
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