Recently, ultrasonic chip company Youhang Technology has completed tens of millions of yuan of Pre-A+ round strategic financing, which is strategically invested by Xinyang Fund, a subsidiary of listed company Silipu Microelectronics, according to the Seeds report.
This round of financing will be mainly used for vehicle specification verification testing and mass production of vehicle ultrasonic Ak1, AK2 sensor chip and vehicle optical rainfall sensor chip.
According to the data, Youhang Technology, founded in 2021, is a second-class supplier of intelligent vehicle sensor chips and components, the core team comes from the automotive industry and chip industry, with more than 10 years of automotive industry chain experience and chip development experience.
It specializes in providing Tier 1 with products such as vehicle ultrasonic core detection and vehicle ultrasonic radar chips, light and rainfall sensor chips, micro-collision sensor chips and on-line chassis sensor control chips.
In the year of its establishment, the company received Xiangzhou Zhengling angel round investment.
in October last year, it completed tens of millions of yuan Pre-A round financing, led by Zhongnan Venture Capital and Dingjia Capital.
This time, the investor Silipu is the leading company in the field of analog chip design in China, and its products cover many fields, such as signal chain, power management, microcontroller and so on.
In the layout of vehicle regulations, it has launched more than 100 types of automotive-grade chips, including amplifiers, comparators, analog switches, interface products, data converters, LDO, power monitoring, DCDC, gate drive, motor drive, power switch and so on.
It is widely used in vehicle entertainment, intelligent driving, vehicle networking, motor drive, body control and other fields.
Source: Youhang Science and Technology, ultrasonic radar is one of the most common types of on-board sensors.
As a radar sensor device using ultrasonic to measure distance, ultrasonic radar relies on the advantages of simple ranging mode, mature industrial chain and low unit price (the average price is about 100 yuan).
Products are widely used in reversing, parking assistance and UAV flight ranging and other fields, in addition, it has gradually entered the emerging markets such as smart home and security.
Therefore, at the height of smart driving, ultrasonic radar is considered to be a promising track.
At present, ultrasonic radar has become an indispensable part of intelligent hardware for automobile enterprises, especially with the development of autonomous parking and self-driving technology.
Ultrasonic radar industry has shown a trend of rapid development in recent years.
According to a report released by Qianji Investment Bank, in the Chinese market, the market size of ultrasonic radar has grown from 11.
607 billion yuan in 2017 to 16.
308 billion yuan in 2022, with a compound annual growth rate of 7.
04 percent.
The market size is expected to further expand to 33.
202 billion yuan by 2027.
In the technical route, the sensor scheme of ultrasonic radar and vision fusion is regarded as the mainstream technology route in the future.
this fusion scheme can not only make up for the visual blind area of ultrasonic radar, but also reduce the comprehensive cost.
improve market competitiveness.
At present, there are many ultrasonic radar products on board, such as FAW, Geely, BYD, GAC GROUP, Great Wall, Xiaopeng, Ji Yue and other related models.
In terms of the structure of the industrial chain, the upstream link of ultrasonic radar is mainly composed of raw material manufacturers such as chips and sensors.
Due to technical barriers, the upstream chips of the industry mainly rely on imports, and it is reported that the degree of external dependence is as high as more than 90%, representing international giants such as Qualcomm, Intel, Texas Instruments and so on.
However, the sensor field has achieved localization, which provides an important support for the localization of the industrial chain.
The downstream link is mainly composed of whole car factories, as well as emerging technology enterprises such as DJI Innovations and Jifei Technology.
At this stage, the automotive industry accounts for 95% of ultrasonic radar applications and is the main downstream market.
It is worth mentioning that the midstream link where Youhang Technology is located is the main battlefield of ultrasonic radar production enterprises.
International Tier 1 enterprises such as Continental Group, Bosch and Valeo occupy the leading position, while Chinese local enterprises such as Odewei, Shangfu Electric Technology, Hangsheng Electronics, Youhang Technology and so on are also actively laying out to seek domestic alternative opportunities.
Different from new things such as lidar, the ultrasonic radar industry has a long history and has entered a relatively mature stage.
at present, it is also caught in the problem of product homogenization and profit space squeezing.
how to improve product technological innovation and quality is obviously one of the current competition points.
It is reported that the leading players in the industry are mainly promoting the new generation of AK2-coded ultrasonic radar, and Youhang Technology is one of the few domestic Tier 2 players to lay out this subdivision.
Youhang Technology mainly provides ultrasonic radar core detection and chip parts, accounting for more than 65% of the cost of ultrasonic BOM.
Xie Xiaojing, founder of Youhang Technology, pointed out that at present, the domestic proportion of AK1 ultrasonic radar sensors is about 60%, and the proportion of AK2 is about 45%.
Thanks to the increase in sales of independent brands in recent years, the domestic proportion of ultrasonic radar is also increasing.
According to the official introduction, Youhang Technology’s ultrasonic radar core detection products have been carried on dozens of models of domestic head car companies through domestic cooperation Tier 1.
Ak2 chips have also passed the tests of existing customers and are expected to be shipped in small batches in the first quarter of 2025.
and simultaneous research and development of chips such as vehicle optical rainfall sensors will also be delivered in batch in the first quarter of next year.
In addition, the company now has six fully automated ultrasonic core detection production lines, which completed the pre-installation and delivery of 15 million ultrasonic core probes in the first half of this year, and is expected to reach the output of 30 million core probes for the whole of this year.
Youhang Technology said that in addition to maintaining continuous cooperation with domestic Shengtaike, Huituang, Haikang and other Tier 1 to achieve synchronized globalization with domestic auto brand exports, the company is also working with Mobis, Valeo and other global Tier 1 to develop and mass-produce foreign automobile sensor projects to further expand the global market.
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Since its inception, this column has been committed to exploring good companies, good technology and good business models that play an important role in enlightening and leading the industry in the spring tide of intelligent electric vehicles, so as to promote the growth of the innovation force of the automobile industry.
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