The development trend of advanced driver assistance systems is expected to have broad market prospects!
Vehicles equipped with advanced driver assistance systems (ADAS) and autonomous vehicles (AV) use different sensors such as cameras, radar, lidar, and ultrasonic sensors, which act as the eyes of the autonomous vehicle (AV) to help the vehicle perceive its surroundings, i.e. people, objects, traffic, road geometry, weather, etc.
Among them, millimeter wave radar will usher in accelerated development in the continuous upgrading of ADAS technology.
From the ADAS-related reports submitted by American companies, Tesla’s accidents accounted for 474, far exceeding other companies. It is worth mentioning that Honda also has more ADAS accident reports in the US market, reaching 107 .
Mobileye, as the global leader in ADAS assisted driving, has a global market share of 70% of the global auto-assisted driving chip market, which is also the market share of L1 and L2 levels.
Some time ago, the self-driving chip Mobileye went public and raised 860 million US dollars through IPO, with a valuation of 16.7 billion US dollars, which is only one-third of Intel’s target value. Can Mobileye, the self-driving group favorite, become the anchor of value? Obviously, Mobileye has more than 800 Its IPO price is set at US$21 per share , which is higher than the guidance price range.
In the context of Mobileye’s listing, Intel bought Mobileye for 5 years and earned $8 billion, but it was actually a failure. In the new round of competition in the ADAS market, Mobileye is slowly falling behind, and the skyrocketing price after its second IPO cannot conceal the fact that overseas autonomous driving has declined. In October this year, it was reported that Mobileye’s share price rose by 37.95% after its re-listing, but more and more automakers are giving up cooperation with this “first company in autonomous driving chips”. Mobileye fell from the C position, and Tesla broke up with half of the reasons; Mobileye had previously finalized the listing valuation, which was only 1/3 of the expected. With Intel's blessing, Mobileye's valuation has shrunk by more than 60% when it went public, only $17 billion! This time, Mobileye was abandoned by mainstream car companies because the market value was lower than expected.
Mobileye skyrocketed on the first day of listing, how many autonomous driving companies are happy and how many are sad?
1. Mobileye rose by nearly 40% on its first day of listing. It is the new stock with the highest market value in the U.S. stock market this year, and it has set the best first-day performance of the year for large-scale U.S. IPOs.
2. On the other hand, although Mobileye's valuation has collapsed, it has not lost, and capital is still keen on autonomous driving. The wave of smart car development is getting higher and higher, and among the top ten models, Mobileye still leads the market with three models equipped .
