1. Introduction to the Project

1.1 Project background

1.1.1 Project introduction

Laser radar is a radar system that detects the position, velocity and other characteristic quantities of a target by emitting a laser beam. Laser radars can be divided into three categories: mechanical, hybrid solid-state, and solid-state according to the technical path.‌

In terms of civilian use, the laser radar is widely used in meteorology, surveying and mapping, driver assistance, drone, virtual reality and other fields. In terms of military use, the laser radar is mainly used for shooting range surveying, space target intersection measurement, target precision tracking and targeting, target imaging and identification, navigation, precision guidance, integrated fire control, helicopter collision avoidance, chemical warfare agent monitoring, local wind field measurement, underwater target detection, etc.

Relying on the existing foundation of Baicheng City, a laser radar production project will be constructed in Jilin Baicheng Green Power Industry Demonstration Park in the project.

1.1.2 Market prospect

(1) Market prospect of laser radars

In recent years, with the rapid development of industries such as automated driving, robots and drones, laser radar has gradually entered the commercialization process from the scientific research stage. The market size of global laser radar solutions was 12 billion yuan in 2022, and increased to 23.2 billion yuan in 2023. It is estimated that will increase to1253.7 billion yuan in 2030.

Driven by the expansion of driverless fleets, the increasing penetration of laser radar applications in advanced driver assistance, and the demand for robot and smart city construction, China's laser radar market is on the fast track. In 2023, the market size of China’s laser radars was about 7.59 billion yuan. It is estimated that the market size of China’s laser radars will reach 43.18 billion yuan in 2026.

The technical routes of laser radars are diversified, and the mechanical technology is mature but gradually replaced by the optimized semi-solid-state and solid-state technology. Solid-state laser radar is the main direction of future development, and its application range will be further expanded as costs are reduced and performance is optimized, especially in the fields of automated driving, consumer electronics, and smart cities.

The industrial chain of laser radar, as an important sensor in the fields of automated driving, industrial automation and consumer electronics, can be divided into three links: upstream core component supply, midstream system manufacturing, and downstream application market.

In 2023, the market concentration of the laser radar industry was high, and the industry competition was fierce. Among the leading companies, Hesai Technology ranked first in the laser radar industry, with a market share of 34%; Seyond relied on NIO's continuous shipments to take second place with a market share of 28.4%. In addition, the market shares of RoboSense and Huawei Technologies were 24.0% and 12.4% respectively.

In terms of enterprises, the global laser radar-related enterprises mainly include Hesai (HSAI), RoboSense (02498), Seyond, Valeo and Livox Technology, and their competitive advantages are as follows:

Compared with the product types and price levels of major manufacturers in the intelligent networked vehicle laser radar industry, mechanical and semi-solid-state products are the mainstay, and the current market unit price is more than 500 dollars, which is expensive.

(2) Development trend of China's laser radar industry

① Solid state, low cost and miniaturization

Solid-state laser radars use electronic components to replace mechanical rotating parts to achieve scanning, thus reducing the size and the cost. Low cost means that mass production is possible, and the small size means that it can be hidden in the body without being installed on the top. In addition, solid-state laser radars have a longer service life and are less difficult to assemble due to the elimination of mechanically rotating parts that require precise optical registration. Although the solid-state laser radar branch is still in the research stage, and the technology is not yet mature, it will become the mainstream of automotive-grade laser radar in the future due to its advantages of small size, low cost and mass production. In a word, the development time of on-board laser radars is not long. In order to meet the urgent needs of automated driving, solid state, low cost and miniaturization are the overall development trends in the future.

② Underlying fusion of laser radar and camera

For the requirements of automated driving environment perception, on the one hand, if only the two-dimensional images obtained by the camera are relied on, the reliability of perception and the accuracy of detection are difficult to ensure driving safety. On the other hand, it is difficult to effectively identify information such as traffic signs and traffic lights, and classify complex obstacles in a refined manner based on laser radars alone. Through underlying in-depth integration of laser radar and camera data, more powerful perception capabilities can be exerted. The two-dimensional color information is overwritten on the three-dimensional high-precision spatial data to obtain the color point cloud data after spatio-temporal synchronization, which greatly improves the detection distance, accuracy and fineness of segmentation and classification of the target object by the A1 perception algorithm, thus greatly improving the safety of autonomous vehicles.

③ Laser radar intelligent perception system

Based on solid-state laser radar, environmental perception algorithms, and the fusion of laser radars and cameras, many cutting-edge technologies form a cluster to achieve an intelligent laser radar perception system. The color data is pre-processed by algorithm, and the region of interest is subject to repeated detection selectively, which can bring a longer detection distance and more accurate perception results for automated driving, and effectively reduce the data processing pressure of the central data processing unit.

④ Combination of software and hardware as an important means to enhance competitiveness

Laser radar is mainly used in the automotive and robot industries, and the market is broad in the future. With the intensification of competitions among laser radar enterprises, effective combination of software and hardware technology can promote the implementation and application of products faster. Although most manufacturers are still in the stage of “selling hardware”, some cutting-edge laser radar manufacturers are already researching the combination of algorithms and hardware to form an overall solution given to customers, so that customers will not have to learn or test after buying products.

With the continuous improvement of consumer demand for intelligence, safety and convenience, the demand for laser radars in the fields of self-driving, intelligent transportation, robots, mapping, etc. will continue to grow. Especially in the field of self-driving and intelligent transportation, with gradual implementation of relevant policies and continuous maturity of technology, the market demand for laser radars will be further released. At the same time, with the development of 5G, IoT and other technologies, laser radars will also be widely used in smart homes, smart cities and other fields.

1.1.3 Technical analysis

The holographic laser radar technology is used in the project, and the laser beam emitted by the laser radar is used to scan the surrounding environment, thus generating a three-dimensional holographic image by receiving the reflected light signal. This technology not only captures the distance and orientation of objects, but also depicts the shape and size of objects more accurately, thus providing a more comprehensive environmental perception.

Compared with traditional laser radars, holographiclaser radars have higher resolution and detection accuracy. It can capture more detail, and perceive the environment more accurately. In addition, the detection range of holographic laser radar is also wider, which can meet the needs for perception in complex environments.

1.1.4 Advantageous conditions of project construction

(1) Policy conditions

It is proposed in the Outline of the 14th Five-year Plan for the National Economic and Social Development of the People's Republic of China and Outline of Vision and Objectives for 2035 to formulate and implement strategic scientific plans and scientific projects in the basic and core areas related to national security and the overall development situation. Aiming at frontier fields such as artificial intelligence, quantum information integrated circuits, life and health, brain science, biological breeding, aerospace science and technology, and deep earth and deep sea, implement a batch of forward-looking strategic major national science and technology projects, and concentrate superior resources to tackle key core technologies in the fields of emerging infectious diseases and biosecurity risk prevention and control, medicine and medical equipment, key components, parts and basic materials, oil and gas exploration and development by starting from the urgent and long-term needs in China.

In August 2023, it was proposed in the Implementation Plan for the New Industry Standardization Pilot Project (2023-2035) to: focus on the main application scenarios of power system, chassis system, carbody system, cockpit system and intelligent driving safety, develop general requirements for automotive chip environment and reliability, electromagnetic compatibility, functional safety and information security, control, computing, illumination and other chip products and technology applications, system matching and vehicle matching and other test standards, and formulate device standards such as high-definition degree transmitters, dense light radars, and high-precision cameras.

In February 2022, it was proposed in China Meteorological Science and Technology Development Plan (2021-2035) to study dual-polarization phased array weather radar and related scanning technologies, current measurement models and standard construction technologies; develop laser radars based on the principles of Raman scattering, differential absorption, Doppler effect, etc., and break through the problems in localization of core components such as lasers.

(2) Resource advantages

In March 2021, Jilin Province officially approved the construction plan of Baicheng Green Power Industry Demonstration Park, so as to achieve local consumption of clean energy by building a “green, smart, and low electricity price” park. Energy Administration of Jilin Province, Jilin Province Development and Reform Commission and State Grid Jilin Electric Power Company Limited jointly issued the Construction Plan for Green Power Park in Jilin Province (Trial), clarifying that the high-proportion wind-fire bundling transaction coordination mode is used for the park with an annual electricity consumption less than 1 billion kWh, and a low electricity cost model is created by strengthening unified dispatching of the whole grid and coordination inside and outside the park, so as to ensure that the green power park obtains a better transaction price, and a higher proportion of “green electricity” is provided for the green power park.

The conditions for infrastructure and public works around the park are basically in place, including Longhua Thermoelectricity, Yinnen Rubai Engineering, China Resources Gas Project, etc. These facilities provide strong support for the operation of the park.

(3) Industrial advantages

Baicheng City highlights “two chains” of energy equipment and automobile supporting equipment, starts to implement the improvement project of extending, supplementing and strengthening the equipment manufacturing chain, develops new-quality productivity according to local conditions, and empowers high-quality development.

(4) Talent advantages

Baicheng City has established a total of 12 national-level R&D centers (bases), 6 provincial and municipal independent scientific research institutions, 26 private scientific research institutions, 21 enterprise independent research and development institutions, and 10 provincial-level industrial enterprise technology research centers. It has cultivated 8 provincial-level high-tech enterprises, 10 provincial-level scientific and technological innovation enterprises, and 45 scientific and technological enterprises in Jilin Province, established 15 scientific and technological expert courtyards, 5 spark schools and 25 science and technology demonstration parks, and developed 28 science and technology intermediary service institutions.

Baicheng City has established an evaluation and reward mechanism for scientific and technological talents and scientific research achievements. In the past five years, the Municipal Party Committee and the Municipal Government commended 20 scientific and technological personnel with outstanding contributions, and 162 scientific and technological achievements won the national, provincial and municipal scientific and technological progress awards. It has cultivated a number of top-notch talents, and a large number of young scientific and technological talents have become the backbone of the development of science and technology, with more than 62,000 technicians in the city.

1.2 Contents and scale of project construction

1.2.1 Product scale

After the completion of the project, a production capacity of 40,000 laser radars per year will be formed.

1.2.2 Contents of project construction

The project covers an area of 17,000 ㎡, with a gross floor area of 13,600 ㎡, with standardized workshops, warehouses, R&D centers, etc. constructed, and the production equipment purchased.

1.3 Total investment of the project and capital raising

1.3.1 Total investment of the project

The total investment of the project is 100 million yuan, including the construction investment of 80 million yuan, and the current funds of 20 million yuan.

1.3.2 Capital raising

Self-raised by the enterprise

1.4 Financial analysis and social evaluation

1.4.1 Main financial indexes

After the project reaches the production capacity, its annual sales income will be 140 million yuan, its profit will be 21 million yuan, its investment payback period will be 6.8 years (after the tax, including the construction period of 2 years), and its investment profit rate will be 21%.

Note: "10 thousand yuan" in the table is in RMB.

1.4.2 Social evaluation

Through the construction of the project, it will be conducive to solving the key core “bottleneck” problem of the laser radar industry, thus improving the innovation ability of laser radar, driving the development of downstream industries, and at the same time driving local employment, which plays a good role in promoting local social development, and has good social benefits.

1.5 Cooperative way

Joint venture and cooperation, other methods can be discussed in person.

1.6 What to be invested by the foreign party

Funds, other methods can be discussed in person.

1.7 Construction site of the project

Baicheng Green Power Industry Demonstration Park in Jilin.

1.8 Progress of the project

Attracting foreign investment.

2. Introduction to the Partner

2.1 Basic information

Name: Baicheng Green Power Industry Demonstration Park

Address: 5555, Caoyuan East Road, Taobei District, Baicheng City

2.2 Overview

With carbon neutrality as the main direction of attack, Baicheng Green Power Industry Demonstration Park adopts the source-grid-load-storage integration model to build a clean energy supply base as the source end of the demonstration park, that is, to integrate wind and solar resources of about 23 million kilowatts within a radius of 100 kilometers with Taobei District as the center to support electricity consumption of the park; a green power industry base serves as the load end of the demonstration park, that is, with Taobei Economic Development Zone as the support, it integrates chemical parks in Baicheng Industrial Park, with a planned area of 50 square kilometers, and creates seven industrial parks, such as green new materials, green metallurgy, green equipment manufacturing, green big data intelligent management, green food and medicine and health, green hydrogen, and green chemical industry; an incremental power distribution network serves as the network end of the demonstration park, that is, a power distribution and sales company is established by two-level government in the urban area, Jilin Electric Power and Envision Energy. Through the new energy supporting power plants and incremental power distribution networks, and relying on the power supply mode of peak regulation of the large power grid, a low electricity price policy depression of 0.38 yuan per kWh for enterprise energy consumption costs has been formed, attracting high-energy and high-tech projects to settle in Baicheng City.

At the end of the "14th Five-year Plan" period, Baicheng Green Power Industrial Demonstration Park will be developed into a national carbon neutrality demonstration park with clean energy installed capability of more than 5 million kilowatts for local consumption (annual power supply of 12 billion kWh), investment in fixed assets of 20 billion yuan and output scale of 20 billion yuan, thus becoming a new engine for high-quality development of ecological economy in the western region of Jilin Province.

2.3 Contact method

Postal code: 137000

Contact Person: Chu Jianghua

Tel: +86-436-3247740  

E-mail: tbqjhj@126.com

Contact method of the city (prefecture) where the project is located:

Contact unit: The Bureau of Commerce of Baicheng City

Contact person: Xu Zengchun

Tel: +86-436-3203010   

   +86-13894682986

Fax: +86-436-3224565

E-mail: bcjhj07@126.com