Intelligent cockpit opens a new chapter. Guangfeng Technology assists BAIC New Energy with automotive optical solutions

According to news on May 25, Guangfeng Technology (stock code: 688007.SH) recently announced that it has received a designated notice for the development of automotive optical solutions from Beijing New Energy Vehicle Co., Ltd. Guangfeng Technology will serve as BAIC New Energy's smart cockpit display product supplier, providing in-vehicle optical solutions in compliance with the provisions of the agreement.

It is reported that this cooperation is expected to further promote smart cockpit innovation and have a positive impact on the operating performance of Guangfeng Technology. As the mileage of new energy vehicles continues to increase, users are increasingly no longer worried about vehicle endurance. On the contrary, they are looking forward to the intelligence of new energy vehicles. With the help of smart cockpits and autonomous driving technology, cars are becoming the third space after homes and offices. They not only change travel patterns and living habits, but also have a profound impact on the automotive industry, traffic regulations, and road facilities.

BAIC New Energy was established in 2009. It is the first independently operated company in my country and the first company to obtain new energy vehicle production qualifications. It is also one of the domestic technology-leading new energy vehicle companies. Guangfeng Technology is the world's leading laser display technology company and was listed on the Science and Technology Innovation Board in July 2019. Guangfeng Technology's main business is to provide solutions for the automotive optics market, including automotive displays, laser headlights, HUD and other products. Its original laser display technology can realize the separation of equipment and display screen without affecting the interior of the car. It is flexible to install and easy to hide. It has the ability to display curved surfaces and transparently. The screen size can be adjusted freely, and it can realize real and virtual images.

Guangfeng Technology has previously reached five designated cooperation projects with BAIC New Energy, BYD, Cyrus and a well-known international car company, further consolidating its position in the field of automotive optics.

Guangfeng Technology independently participated in the Shanghai Auto Show in April this year, displaying their vehicle-mounted immersive laser display and lighting technology scene exhibition car. The exhibition debuted the world's first car-grade color laser headlights, as well as immersive in-car digital interaction solutions such as window displays, in-car transparent displays, in-car entertainment large screens and smart surfaces, which attracted widespread attention in the industry. .

Huachuang Securities analysts said that Guangfeng Technology has successively reached cooperation with a number of car companies on vehicle display projects, which has gradually improved its business layout in the field of vehicle projects and its medium and long-term development space has also become Clearer. It is expected that Guangfeng Technology will continue to expand its automotive business partners, and is expected to achieve more substantial breakthroughs and progress in the future, promoting the company's continued growth in its mid- to long-term performance.

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