On April 30, Zhixing Technology announced that Jiang Jingfang officially joined the company and became president.
Next, Jiang Jingfang will be mainly responsible for the landing of Zhixing’s science and technology development strategy and the realization of business objectives, including business acquisition, engineering research and development, project delivery, production and operation, and so on.
Zhixing Technology pointed out that the addition of Jiang Jingfang marks that the company has officially entered the 2.
0 stage of development.
In 1998, Jiang Jingfang took office.
Jiang Jingfang is an important witness and personal witness in the field of smart driving in China.
Before joining Zhixing Technology, her best-known professional experience was at Bosch.
According to public information, Jiang Jingfang joined Bosch Group in 2000 and worked for Bosch Automotive parts (Suzhou) Co., Ltd. he has successively served as assistant sales general manager, marketing and sales management manager in diesel system China.
In 2004, Jiang Jingfang transferred to Bosch chassis system and served as Marketing and sales Control Manager and Director of Marketing and sales Control in China.
From 2011 to 2012, Jiang Jingfang was also assigned to the headquarters in Germany as vice president of chassis control system marketing.
In early 2013, Jiang Jingfang returned to China as vice president of driver assistance and market strategy for Bosch chassis control systems in China.
Over the next eight years, with her keen insight, she led the team from 20 to more than 500, achieved more than six-fold sales growth, and released many ADAS functions in the domestic market, including the global debut of Bosch L2.
5 and remote parking and other advanced features.
Jiang Jingfang is also known as the “Iron Lady” in the industry because of his excellent leadership and rich experience in the R & D and commercial landing of autopilot system engineering.
In 2021, Jiang Jingfang left Bosch, which had been struggling for 20 years, to join self-driving startup Heduo Technology as a senior vice president and partner, responsible for the mass production of Heduo’s self-driving products.
In the following two years, Jiang Jingfang not only led the Heduo team to build a mass production delivery center to improve engineering capacity, but also acquired and mass produced a number of projects, including GAC and Chery’s L2 mass production project.
To join Zhixing Technology this time, it is not difficult to foresee that one of Jiang Jingfang’s core tasks must also be to accelerate the mass production and landing of the smart drive project.
In fact, as early as February this year, it was reported that Jiang Jingfang would leave Heduo to join Zhixing Technology, along with her L2 mass production team and Qirui mass production project.
At present, it is impossible to confirm the accuracy of the latter two pieces of information.
But one thing is certain, with Jiang Jingfang’s rich landing experience and international vision, it is expected to help Zhixing Technology to better participate in the competition of the smart driving track.
What is the scientific and technological strength of Zhi Xing? Just two days before the announcement of the personnel change, Zhixing Technology just announced its 2023 results in Hong Kong stocks.
Zhixing Technology officially landed on the Hong Kong Stock Exchange on December 20, 2023 and became the “first self-driving stock” of Hong Kong stocks.
According to the financial report, the revenue of Zhixing Technology in 2023 totaled 1.
216 billion yuan, down 8.
27 percent compared with the same period in 2022, and the net loss was 195 million yuan, a sharp decrease of 43 percent compared with 342 million yuan in the same period in 2022.
But from 2020 to 2023, Zhixing Technology posted a cumulative net loss of more than 1 billion yuan over the past four years.
Source: Zhixing Technology, from the perspective of revenue composition, Zhixing Technology’s revenue sources mainly include three aspects: selling self-driving solutions and products, providing self-driving related R & D services, and selling PCBA products, with revenue of 1.
13 billion yuan, 63.
11 million yuan and 22.
73 million yuan respectively last year, with year-on-year increases of-9.
78%, 66.
28% and-35%, respectively.
Among them, the sales of self-driving solutions and products are the main source of revenue of Zhixing technology, which accounts for 92.
94% of the total revenue in 2023, but down slightly from 94.
5% in 2022.
In terms of specific products, revenue from the sale of autopilot domain controllers by Zhixing Technology in 2023 was 1.
11 billion yuan, down 10.
79 percent from the same period last year.
The company pointed out that this was mainly due to the gradual decline in unit prices due to the group’s strategy adjustment last year, but in fact, sales of autopilot domain controllers in 2023 were significantly higher than in 2022.
Further subdivided, the revenue of iDC Mid, a self-developed autopilot domain controller product developed by Zhixing Technology in 2023, increased significantly, from about 440000 yuan in 2022 to 13.
95 million yuan in 2023, mainly due to the new Chery Xingtuo procurement project, with a total revenue of about 12.
64 million yuan.
IFC revenue of intelligent forward-looking camera products increased from 3.
11 million yuan in 2022 to 15.
4 million yuan in 2023, mainly due to new procurement projects related to Geely and Dongfeng.
Source: Zhixing Technology, Zhixing Technology iDC Mid autopilot domain controller began to be delivered in batch to domestic head car companies in the first quarter of 2023, and a total of six models were fixed last year.
On this basis, Zhixing Technology is developing the next generation autopilot domain controller iDC High, and deploying more advanced BEV Transformer algorithms on this platform to support more autopilot scenarios.
It is reported that at present, iDC High has also been designated by three car companies and plans to put into mass production in 2024.
Overall, as of December 31, 2023, Zhixing Technology has delivered more than 130000 sets of self-driving solutions and products to customers, an increase of 58% over 2022.
In terms of new projects, last year Zhixing Technology received a total of 16 order letters from well-known OEM, including Geely, Great Wall, Chery and Dongfeng.
Next, with the delivery of these designated projects, it is expected to promote Zhixing technology to occupy a larger share of the domestic intelligent driving market.
It is worth mentioning that Zhixing Technology is also actively expanding overseas markets and set up a wholly owned subsidiary in Germany in 2023 to vigorously expand its overseas business on the basis of actively supporting the export of Chinese brand cars.
to achieve ecological complementarity with global automakers.
Last year, Zhixing Technology’s products and solutions have followed customers into Southeast Asia, the Middle East and European markets, and plan to further expand to North America, South Korea, Japan and other markets in 2024.
To this end, Zhixing Technology is also actively planning a global sales and service network to better support the development of overseas business.
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