1. Introduction to the Project

1.1 Introduction to technical achievements

The main technical achievements of the project are automotive technology services, wire controlled chassis intelligent control platform, and new energy vehicle charging control platform. The project relies on the existing comprehensive product research and development system of BJB Tech, providing development services based on the ASPICE process for vehicle and component enterprises, empowering key links in the vehicle development process, and ensuring the stability and reliability of product development.

1.2 Technical analysis and advantages

The project technology holder is BJB Tech (Jilin Province) Co., Ltd., which has been committed to automotive technology research and development since its establishment in 2021. The company has obtained 5 utility model patents and 14 software copyrights. The independently developed intelligent charging station controller product and core automotive technology services are at the leading level in China. The company has mastered multiple core technologies such as vehicle communication, OTA, motor controller, supplementary energy control and steering control, etc. It is at the forefront of the country in terms of charging and energy replenishment, platform-based data management products and application development.

1.3 Main products and applications of technical achievements

(1) Automotive technical services

In the domestic automotive electronics industry, it provides development services based on the ASPICE process, ensuring the stability and reliability of product development with high quality, and supporting the localization process of core controllers for automotive manufacturers and component suppliers.

(2) New energy vehicle charging control platform

The new energy vehicle charging control platform is applied to private DC charging piles of 7 kW, 11 kW, 22 kW, as well as public DC charging piles of 60 kW, 120 kW and above for new energy vehicles. The charging control platform can complete some key functions such as timing control of vehicle charging during the charging process, communication and control with the charging control module, fault detection and diagnosis of charging pile equipment, charging cost measurement, charging human-machine interaction and communication control between charging stations and cloud platforms. It is a versatile charging control platform that supports multiple scenarios. After production, this product can be at a leading level in the same level in China.

(3) Vehicle-mounted low-power motor control platform

The vehicle-mounted low-power motor control platform is suitable for vehicle mounted applications; motor control: The control platform can meet the requirements of starting, stopping, speed adjustment, and direction control of low-power motors. Through circuit design and control algorithms, precise control of the motor is achieved; system stability: The control platform has stable motor control performance, which can meet the system operation under different loads and application environment conditions in the automotive environment; it can be applied to key components such as brake control, steering control, and suspension control in the chassis field.

1.4 Technical achievement commercialization and market promotion

1.4.1 Stage of technological achievements

The small trial stage has been completed.

1.4.2 Technical achievement marketing promotion plan

The main target customer groups for technological achievements include automobile manufacturers, automobile parts suppliers, intelligent transportation system integrators, etc.

(1) Online promotion: Utilize social media, industry websites, and other channels to publish product information and increase brand awareness.

(2) Offline promotion: Participate in industry exhibitions, technical seminars, and other activities to establish connections with potential customers.

(3) Partnership: Establish strategic partnerships with automobile manufacturers, suppliers, etc. to jointly promote products.

(4) Sales channels: Build a direct sales team, expand sales network, and cover more target customers.

1.5 Technical team

Jiang Huan, the founder currently serving as the Director and General Manager of BJB Tech (Jilin Province) Co., Ltd., graduated from Northeast Normal University with a major in investment and finance. He is an intermediate engineer, a Level 4 human resource manager, and an international software testing engineer. He holds 5 patents in the automotive field and has worked at China Science and Technology Corporation, NetEngine Technology Corporation, and Liming Corporation; he founded the first national-level maker space centered around smart cities, the 3iCity maker space, and participated in writing the “Smart Changchun Construction Plan Outline (2015-2020)”; during his time working at Liming Group, he provided services to more than 30 well-known domestic vehicle manufacturers such as FAW Group, Geely Group, BAIC Group, NIO, as well as large domestic and foreign automotive parts suppliers. His cumulative sales reached 200 million yuan, and in 2020, he attracted ALTEN, the second largest French enterprise in the global engineering services field, and several well-known domestic enterprises with acquisition intentions (estimated at 200 million yuan); he has empowered high-end R&D services for the largest automotive electronic technology service company in Jilin Province and nearly 20 vehicle manufacturers and large domestic and foreign component factories. He has signed strategic cooperation agreements with Changsha Automotive Innovation Research Institute and DAS-Security in the field of intelligent chassis and onboard information security. Currently, he is establishing a joint research institute for “intelligent vehicles” with Jilin University. In the Future, the research institute will play a key role in the commercialization of scientific and technological achievements and the industrialization of high-tech. Currently, he is collaborating with FAW Group, Tsinghua University, and Jilin University to apply for one major special project in Jilin Province, and is responsible for one major special project of FAW Group.

Geng Cong, the co-founder currently serving as the Director and Deputy General Manager of BJB Tech (Jilin Province) Co., Ltd., responsible for the New Energy and Innovation Business Department, Quality Assurance Department, and Project Management Department; graduated from Changchun University of Technology with a master’s degree in the power electronics and power transmission. He worked in well-known domestic and foreign enterprises such as Qiming Information Technology Co., Ltd., Continental Group, and Alte, responsible for automotive electronic research and development, project management, and led a multinational technical team to complete the research and development, production, and application of multiple automotive controllers in General Motors, FAW Jiefang, SAIC Volkswagen, SAIC GM Wuling, Schaeffler, and others.

Niu Zhensheng, the co-founder currently serving as the Director and Deputy General Manager of BJB Tech (Jilin Province) Co., Ltd., in charge of the engineering technology center and laboratory; graduated from Changchun University of Technology with a major in the electronic information engineering, engaged in research and development work such as automotive intelligent networking and autonomous driving image recognition, and was responsible for the planning and implementation team of the “V-BOX-based Vehicle Precise Positioning System”, a National 863 Program project.

2. Market Potential Analysis

(1) Automotive technical services

With the continuous penetration of autonomous driving, information entertainment, and electrification, the proportion of automotive electronics in the total vehicle cost will continue to increase. In addition, driven by the increasing demand for environmental protection, China plans to fully withdraw traditional fuel vehicles before 2050. Coupled with preferential policies for the new energy vehicle purchase tax, the market demand will gradually shift towards mid to high end models, hybrid models, and pure electric models with a higher proportion of automotive electronics. In the future, the proportion of automotive electronics will continue to increase under the combined effects of policy driven, environmental protection driven, and consumption-driven factors. According to data from CCID, it is expected that by 2025, the electronic cost of passenger cars will have accounted for 60% of the total vehicle cost among all vehicle models.

The sales of new energy vehicles in China increased from 767800 in 2017 to 6.8723 million in 2022. The scale of China’s automotive service market reached 5368.1 billion yuan in 2022, a year-on-year increase of 6.13%. The compound growth rate from 2015 to 2022 was 13.3%, with the automotive electronic service sector accounting for 41.21%, the largest proportion.

(2) New energy vehicle charging control platform

The number of public piles in China has increased from 214000 in 2017 to 1.797 million in 2022, with a compound growth rate of 53.05% over six years; the number of private charging stations (built with vehicles) in China has increased from 231800 units in 2017 to 3.412 million units in 2022, with a compound annual growth rate of 71.23%; by 2030, charging stations will have developed towards popularization and intelligence, with a rapid growth rate of ten times over a decade. According to the International Energy Agency’s commitment to support the growth of new energy vehicles, by the end of 2030, the global charging infrastructure needs to have increased by more than 12 times, with over 22 million electric light charging stations installed annually. The demand for charging electricity may exceed 750TWh, and private charging stations can meet 65% of the energy demand. China remains the largest market for charging piles in the long term.

(3) Vehicle-mounted low-power motor control platform

The penetration rate of wire controlled braking has increased, driving the growth of the wire controlled braking market. Currently, wire controlled braking is in the early stage of commercialization; with the rapid development of the intelligent electric vehicle market, wire controlled steering is in line with the demand for advanced autonomous driving (future in vehicle low-power motors will integrate autonomous driving function), with a compound growth rate of up to 50% in the next four years. Calculated based on the increase in single vehicle value to 3500 yuan/vehicle, with the demand recovery after the end of the pandemic considered, the size of China’s automobile wire controlled steering market will expand rapidly, from 3.01 billion yuan in 2022 to 15.25 billion yuan in 2026. The compound growth rate during the 4-year period will reach 50.0%.

3. Financing Needs and Financing Purposes

The project is planned to raise 30 million yuan for business costs, R&D expenses, hardware R&D toolchain, software R&D toolchain, software testing, product testing calibration, product testing certification, production line construction, etc.

4. Analysis of Technical Achievements and Benefits

4.1 Economic benefits

The market value of the technical achievements of the project is approximately 127 million yuan.

4.2 Social benefits

The commercialization of the technical achievements of the project can improve the braking efficiency and accuracy of vehicles and reduce traffic accidents caused by insufficient or excessive braking, thus improving traffic safety. While saving energy, it is also possible to optimize the braking and acceleration processes of vehicles based on their driving conditions and road conditions, reduce energy waste, and further promote the development of the new energy vehicle industry, enhance the competitiveness and innovation capabilities of the automotive industry, while promoting economic development.

5. Contact Method:

Contact person: Jiang Huan

Tel: 18626627066