Domestic ADAS suppliers seize market opportunities

In 2022, China's passenger car ADAS market will develop rapidly, and domestic suppliers will usher in a key year for large-scale mass production. According to data, in January this year, the number of new cars equipped with L2-level assisted driving systems reached 484,500, a year-on-year increase of 63.21%. Domestic brands such as Great Wall Tank 300, Ideal ONE, and BYD Song PLUS are equipped with domestic solutions and lead the market for the first time. Domestic suppliers face important opportunities, including L2 and L2+ADAS markets, parking fields, and integrated driving and parking systems.