After the high-end vehicle project of Geely Holding with an investment of 9 billion yuan was settled in Wuhan Economic Development Zone of Hubei Province in April last year, yigatong (Wuhan) Technology Co., Ltd., with a registered capital of US $150 million, was also established in Wuhan in December last year. On October 20, 2020, the headquarters of core engine technology, an automobile chip design enterprise under Geely holdings, was officially established Wuhan Economic and Technological Development Zone, Hubei Province. At the same time, Hubei Xinqing Technology Co., Ltd. (hereinafter referred to as “Xinqing technology”) also signed a strategic cooperation agreement with Hubei Changjiang Economic Development automobile industry investment fund. < / P > < p > at the event, Dr. Wang Kai, CEO of Xinqing technology, also announced that the first 7Nm chip designed by Xinqing technology will be produced next year. < / P > < p > the “electrification, intellectualization, networking and sharing” of automobiles are profoundly changing the product form and technical structure, manufacturing process and service mode, industrial chain and value chain, consumption and use mode of traditional automobiles, making the automobile from the “functional” era to the “intelligent” era. < / P > < p > according to the data, by 2020, the market size of China’s intelligent connected vehicles will reach more than 100 billion US dollars, and is expected to further increase to US $212.6 billion in 2025. Meanwhile, the domestic market of Internet of vehicles is expected to account for about 27% of the global market size, with broad development prospects. According to a data from saidI think tank, the cost of automobile electronics accounted for only 20% in 2005, but now the cost of automobile electronics has increased to more than 50%. The “new four modernizations” of automobiles will drive the rapid growth of the demand for automotive semiconductor chips, such as automotive master chip, ADAS / autopilot chip, RF chip, power device, sensor, etc. < / P > < p > the data also shows that the global automotive electronics market in 2017 reached US $143.54 billion, with a year-on-year increase of 9.5%. It is expected that the average annual compound growth rate will be maintained at 8.2% in the next five years. With the growth of automotive electronics market, the scale of global automotive semiconductor market in 2017 has exceeded US $36 billion. In recent years, it has maintained a growth rate of about 9%. < / P > < p > it can be said that for the domestic intelligent Internet connected automobile industry, only by mastering the core automobile chips can we open the gap with the competitors in the future technological competition. The independent research and development of vehicle scale chip has become one of the important links to promote the transformation and upgrading of the automobile industry, and is also a major strategic project related to the national industrial security. However, what can not be ignored is that at present, the automotive semiconductor chip market is mainly occupied by foreign manufacturers such as NXP, Infineon, Renesas, Texas Instruments, STM, Bosch, ansomer, Rom semiconductor, ADI, Toshiba and other foreign manufacturers. China is still very weak in the field of automotive semiconductor chips. < / P > < p > in this context, in 2018, yiketong technology, a subsidiary of Geely Holding Group, and arm China, a well-known semiconductor IP manufacturer, and many well-known investment institutions jointly established core technology, focusing on the R & D, manufacturing and sales of high-performance vehicle scale chips and modules. < / P > < p > it is worth mentioning that, as a holding subsidiary of Geely, yigatong technology focuses on automobile intelligence and networking, mainly providing Geely with digital cockpit electronic products, active safety electronic products, unmanned driving sensors and controllers, as well as the operation services of cloud platform and big data platform of Internet of vehicles. < p > < p > Mr. Yang Jian, vice chairman of Geely Holding Group and chairman of Xinqing technology, also said: “the R & D team of Xinqing technology has the development experience and successful cases of high-end server chips and traditional automobile chips, which can completely provide all high-end chips from the traditional automotive electronic architecture to the next generation of intelligent network connected automobile electronic architecture; it has self-developed multi-core low heterogeneity Power SOC architecture design, functional security and information security engine design; build the most perfect design process to achieve high performance, low power consumption, high flexibility, high security and complex computing model. We will follow the market business rules, expand the domestic and foreign markets, and provide customers with a wide range of choices from traditional automotive chips to high-end chips for the next generation of intelligent connected vehicles. This is of great strategic significance for breaking through the key fields and technologies of automobile chips, breaking the international monopoly, seizing the commanding heights of future industrial development, promoting the transformation and upgrading of the automobile industry, and reducing the safety risks of the national automobile industry. ” Many years ago, Wuhan City proposed the plan of “relying on Wuhan Economic and Technological Development Zone and combining Caidian District and Hannan District to build China’s automobile capital”. After nearly ten years of development, there are now seven automobile enterprises, 12 automobile assembly plants and more than 500 automobile parts enterprises in Wuhan Economic and technological Development Zone. At present, SAIC GM, Dongfeng Fengshen, Geely and many other well-known vehicle manufacturers have built production plants in Wuhan. According to the statistics of Wuhan Automobile Industry Development Office, in 2018, the automobile output of Wuhan was 1.7 million, and the output value of automobile and parts industry reached 400 billion yuan, which has become the largest pillar industry of Wuhan economy for nine consecutive years. < p > < p > in addition to the automobile industry, Wuhan is also vigorously developing the integrated circuit industry in recent years. According to the data, Hubei is one of the provinces that determined the development direction of IC earlier, and is the most active industrial cluster of IC industry in China. As an important electronic information industry base in China, Wuhan has become one of the four major integrated circuit base cities in China, and has been listed in the first batch of national strategic emerging industrial clusters. < / P > < p > obviously, Wuhan, as the “car capital of China” and “one of the four major IC base cities in China”, has naturally become an ideal place for the development of domestic automobile chips due to its industrial cluster advantages and abundant university talent resources (Wuhan has the largest number of college students in the world). < / P > < p > this time, the strategic cooperation reached by Xinqing technology and Changjiang Economic Development automobile industry investment fund is based on the good prospects of the integrated circuit industry development in Wuhan, Hubei Province and the common goal of the transformation and upgrading of the automobile industry. Mr. Liu Zhanming, general manager of Hubei Yangtze River economic belt industry guidance fund, said that strengthening cooperation with Geely Holding Group has always been a major strategic decision of Hubei provincial Party committee and government. Since 2016, three special funds have been set up to support the investment and construction of Geely Group’s landing projects, with a total scale of more than 23 billion yuan, which are used to guide Geely to land its sub scale chip project, Internet of vehicles project and high-end vehicle manufacturing project in Hubei Province. < p > < p > after the joint venture between Geely Holding yiketong technology and anmou China in the Development Zone, Xinqing technology has established a first-class R & D team in a short period of time, benchmarking the products of world-class competitors, developing first-class high-performance chip products, gradually expanding the proportion of independent innovation, and accumulating certain industrial development advantages. We are looking forward to the rapid growth and early achievements of core technology, and become a world-class chip design and manufacturing enterprise with international competitiveness. We hope to give full play to the leading, prying and amplifying role of the special fund through the support of the core engine technology project, so as to provide financial assistance for the application and development of domestic automobile chips. Mr. Li Lin, deputy director of the Management Committee of Wuhan Economic and Technological Development Zone, said that Wuhan Development Zone attaches great importance to the new ecology of open and cooperative automotive electronics industry. It is making every effort to promote the transformation and upgrading of traditional cars to the next generation of automobiles, the transformation and upgrading of traditional manufacturing to intelligent manufacturing, and is committed to improving the “silicon content” and “core content” of the industry and striving to create a high industrial agglomeration To build a modern automobile industry system suitable for living and working. Under the strategic layout of “one core, two belts and three zones” in Hubei Province, more and more high-tech industries, strategic emerging industries and high-end growth industries represented by integrated circuits have chosen to develop in Wuhan. The next generation automobile industry represented by automobile chips and unmanned driving is accelerating to settle down in the Development Zone. It is believed that the implementation of Xinqing Science and technology project will bring important technological innovation, industrial innovation and service innovation to the upstream and downstream of this life state chain, and will become a new driving force for the high-quality development of automobile industry in the development zone. Chairman Yang Jian also expressed special thanks to Wuhan Development Zone for its support to the successful implementation of the core engine project. He believes that the automobile industry is an important pillar industry in Wuhan, and Wuhan is building a global automobile industry cluster. With the help of Wuhan’s advantageous industrial ecology, Xinqing technology will strive to become the world’s leading provider of automotive electronic chip solutions. The far-reaching impact of Xinqing technology’s settlement in the Development Zone on regional industrial transformation and upgrading and high-quality development will be expected. < p > < p > SHEN Ziyu, CEO of yiketong Technology Co., Ltd., also said: “as an enterprise in Wuhan, Hubei Province, yiketong technology has grown into a leading technology enterprise in China’s automobile intelligence. This time, Xinqing technology is located in Wuhan Development Zone, which will fully coordinate the R & D resources of both sides around automobile chips, and realize the mass production and landing of products as soon as possible with the advantages of Wuhan’s automobile industry cluster and talents. We believe that Xinqing technology will be based in Wuhan and make outstanding contributions to China’s automotive semiconductor industry. ” Mr. Rene Haas, the president of arm IP product business group and director of anmou technology in China, another shareholder representative of Xinqing technology, also said through video that China’s market has occupied nearly one third of the world’s automobile output. With the growth of China’s market demand for automobile assisted driving technology, China’s local automobile industry has ushered in great opportunities for innovation. Arm believes that Xinqing technology can become a leader in the development of intelligent security computing solutions, and he also said that Xinqing technology will play an excellent key role in promoting the development of China’s automobile ecosystem. < / P > < p > with the official opening of the Wuhan headquarters of Xinqing technology and the formal signing of the strategic cooperation agreement with the Yangtze River economic development automobile industry investment fund, Dr. Wang Kai, chief executive officer of Xinqing technology, said that the two sides will have deeper cooperation in capital, industry, etc. “we will continue to increase R & D strength in Wuhan, We will also have more products developed in Wuhan, so this is a win-win and win-win development. ” < / P > < p > in terms of products, Dr. Wang Kai disclosed that Xinqing technology has been focusing on the research and development of vehicle specification level chips, and the first direction of its development is intelligent driving cabin. Se1000 is its first main control chip for intelligent driving cabin, which will be the most high-end chip, which can meet various requirements of the entire intelligent cabin. It will adopt 7Nm Technology (currently in the automotive industry) According to AEC Q100 standard, it will be produced in 2021. Dr. Wang Kai said: “we believe that with the trial of Geely Automobile (se1000), it can be promoted in the industry soon. We will take this as a breakthrough point and expand to more types of chips. &In addition to intelligent cabin driving, domain controller and autopilot chip are the other two directions of core engine technology. It has been revealed that Xinqing technology will launch a high-level autopilot chip AD1000 in the future, with computing power as high as 256tops, which is expected to reach 2

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