Let’s visit the optical famous enterprise- Boway and Sunny on October 14
Time: Nov 11, 2021Views:
Boway Alloy
I. Background of the research.
The domestic replacement of the camera motor market is accelerating.
According to the study of Sunrise Big Data, in 2018, foreign manufacturers accounted for 72% of the VCM motor market, while domestic manufacturers accounted for 28%. In 2019, the market share of foreign manufacturers is 60%, and that of domestic manufacturers is 40%. By 2020, overseas motor shipments will account for 51% of the global total; And domestic motor factory shipment accounted for as high as 49%.
According to the analysis of Sunrise Big Data, the market share of domestically produced VCM motors is expected to reach 62% in 2021, surpassing overseas for the first time.
This means that China's motor industry chain has entered a high-speed development road, especially the upstream new material companies ushered in the best development opportunities.
Ningbo Boway Alloy Material Co., Ltd(also known as Boway Alloy) was found in 1993 and listed on the main board of the Shanghai Stock Exchange in January 2011 (stock code: 601137) After nearly 30 years of rapid and healthy development, it has nine specialized manufacturing bases in China, Germany, Canada, Vietnam, etc., and has become a technological and international company integrating new materials, new energy and other industries.
Boway Alloy is an " Innovative Enterprise " and " National Technology Innovation Demonstration Enterprise ", with " National Recognized Enterprise Technology Center ", "National Post-doctoral Research Workstation", "Nationally Recognized Laboratory", "National and Local Joint Engineering Research Center" research and innovation platform. Also as a "High-tech Enterprise" and a member of the Technical Committee of the International Nonferrous Metal Processing Association (IWCC).
In 2015, Boway Alloy wholly acquired the 131-year-old and well-known German Beckenhof Co., Ltd., and carried out a high degree of collaboration in product development, production and manufacturing, and implemented a systematic, rigorous and standardized German-style enterprise management. Manufacture high-quality products and serve customers all over the world.
In 2019, fully cooperated with Accenture, a global consulting company, to carry out digital transformation, promote the construction of digital marketing, digital R&D, digital manufacturing, digital supply chain, digital service and other projects, build a digital ecosystem in an all-round way, and establish self-evolution with continuous innovation capabilities Type of digital enterprise.
Boway Alloy stands at the forefront of science and technology and actively carries out market research and product research and development. In recent years, it has completed more than 50 new material innovation projects and has 185 invention patents. It leads or participates in the formulation of standards, creates value for customers and promotes the progress of the times.
Boway Alloy has 9 manufacturing bases around the world, including Boway Yunlong, Boway Binhai, Hoyheilheim in Germany, Herborn in Germany, Ontario in Canada, and Beijiang in Vietnam. It meets to the different needs of customers from all over the world and provides high-quality products, and personalized and localized services.
Products information
II. Participants: Upstream and downstream companies in the camera motor industry
Host: Camera Industry Association, Self-driving Industry Union, Sunrise Big Data
Date & Address: October 14, 2021 Boway Alloy
Participation included: engineers and technicians related to mobile phone cameras and smart wearable materials (participants must have nucleic acid test reports and have been vaccinated)
Purpose of activity：
Invite 20 companies in the upstream and downstream industrial chain of camera motors to conduct direct visits and exchanges on the future development of China's motors, how supply partners can cooperate in supply, and new materials and technologies.
III. Research process: In-depth cooperation and opinion exchange
1. Check-in
2. Welcoming speech from the representatives of Boway Alloy
3. On-site visit to the exhibition hall, patent wall, manufacturing line, etc.
4. Development history and products introduction by Representative of Boway Alloy
5. Tea break
6. Taking group photo
7. Business meal
Sunny Optical
I. Background of Research: Global in-car lens NO.1
When China becomes the world's largest intelligent car demand market, the new layout is being written, the third automotive era is coming.
According to data from the China Association of Automobile Manufacturers, as of the end of May 2021, the number of new energy vehicles in the country has reached 5.8 million, accounting for about 50% of the global market, making it the country with the highest number of new energy vehicles in the world.
In the new automotive era, domestic enterprises like Sunny Optics (02382), is on the high-speed development road.
Sunny Optical's predecessor was Yuyao No. 2 Optical Instrument Factory, which was established in 1984. In 2003, it launched the layout of the mobile phone camera module business. In 2004, on the 20th anniversary of the establishment of Sunny Group, Sunny Optical formulated a "famous supporting role" strategy.
Though years of keeping a low forward, now Sunny has become the leading enterprises in the optical industry.
According to the data statistics, Sunny Optical ranked first in vehicle-mounted lens shipments in 2020, with a market share of over 30%. In the first half of this year, the company's car lens shipments increased by about 82% to 37,317,000 pieces compared with the same period last year, continuing to be the world’s No.1 in the market, and the market share has been further improved , with a 72% growth to 1.6 billion yuan revenue year-on-year.
Bank of America Securities analysts believe that under the development of advanced driver assistance systems of new energy vehicles, the in-car lens market is expected to grow at a compound growth rate of 19% by 2023. Sunny Optical Technology’s rating is upgraded from “outperform” to “buy”, The target price is raised from 165 Hong Kong dollars to 300 Hong Kong dollars.
According to the research of Sunrise Big Data, in 2020, the number of global bicycles equipped with cameras is only about 2, and the new car-making manufactured products have equipped with 5-13 products, which is expected to promote the rapid increase of ADAS penetration rate, and there is still huge room for growth in the future. The in-car camera industry can keep a rapid growth.
It is estimated that in 2025, the market scale of in-vehicle camera modules will exceed 160 billion yuan.
At present, most of the car camera modules are assembled by Tier1 and Tier2. The main companies are Magna Canada, Panasonic Japan, Valeo France, Bosch Germany, ZF Friedrichshafen AG, Continental Lens and other companies. The industry structure is scattered.
With the rise of new car manufacturers, the relationship between traditional automakers and Tier1 may gradually become blurred. Starting from the adaptability of resources, the supply relationship has been adjusted from a chain type to a network type, and it is deeply intertwined. In the future, it will turn to a spherical type, and the cooperation will be more diversified and three-dimensional.
This also means that vision and perception systems are undoubtedly the best direction for Chinese companies to change lanes and overtake in the world's largest smart car market in the future. Precisely because of this, the domestic substitution trend has led to a golden growth period for China's in-vehicle lens and module industries.
It is worth noting that with the needed to be exposed to harsh environments for a long time (strong light, sand, rain, mud, etc.), the performance requirements of the in-vehicle lens are extremely high, and it needs to meet a series of reliability test requirements: high and low temperature impact test, Corrosion resistance test, vibration resistance test, IPX9K waterproof level requirements, salt spray resistance test, wipe resistance test, ultraviolet radiation test, etc.; For in-vehicle modules, higher requirements are put forward. Design requirements such as temperature drift control under high-resolution vehicle regulations, internal and external parameter calibration, and miniaturized design have become important technical elements for the industry to break through.
At present, the shipment volume of in-vehicle lens of Sunny Automotive Optics, a subsidiary of Sunny Group, ranks first in the world for many consecutive years, and its market share continues to increase, and it has made progress in the fields of laser radar and head-up display (HUD), the core optical components. started to deploy in-vehicle modules in 2006 and established a subsidiary in 2015, Sunny Intelligent Technology focuses on the R&D, manufacturing and sales of in-vehicle modules. Sunny Intelligent Technology has been immersed in solving customer pain points, deep-growing technology, and concentrated research and development; after 3 years The technical polishing and precipitation of the company broke the technical barriers of high-pixel perception modules this year and became the first company in the industry to achieve mass production of 8-megapixel modules for front-view perception.
It provides a favorable guarantee for many car companies in the planning and layout of intelligent driving and the demand for rapid mass production
In terms of its development strategy, Sunny said that it will continue to increase its R&D investment in automotive products to enhance its market competitiveness.
This issue of the " Visit and Interaction Activity of 2021 National Self-Driving Industry Star Enterprise" will take you into Sunny Optical's headquarters to visit the company's production line in the first line and learn about the latest cutting-edge technologies and optical products.
Of course, we will also have direct dialogues with senior executives of Sunny and investment and research experts to jointly foresee the latest developments in the industry and grasp the hottest demand in the market.
Let’s walk into Sunny together. Because here is not only a living brief history of Chinese optics, but also a brilliant future of Chinese optics.
Ⅱ, Participants: Upstream and downstream enterprise groups in the autonomous driving industry
Host: Camera Industry Association, Self-driving Industry Alliance, Sunrise Big Data
Data & Address: October 14, 2021 Sunny headquarters
Participation included: 20 smart car upstream and downstream industry chain enterprises (participants must have nucleic acid test reports and have been vaccinated)
Introduction of activity:
1. Invite upstream and downstream enterprises of intelligent car to face-to-face learn and discuss directly about the internet of vehicle, smart control, Sensor positioning, image radar, and vehicle manufacturing technology.
Ⅲ,Research process: In-depth cooperation and opinion exchange
1. Check-in
2. Welcoming speech from the representatives of Boway Alloy
3. On-site visit to the exhibition hall, patent wall, manufacturing line, etc.
4. Development history and products introduction by Representative of Sunny
5. Tea break
6. Taking group photo
7. Business meal
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