Innovusion High Performance LiDAR Vehicle Market Delivers Over 200,000 Units

On November 16th, the cumulative delivery of Innovusion high-performance LiDAR in the car market exceeded 200,000 units as of November this year, according to Innovusion. At present, the production capacity of Innovusion has exceeded 300,000 units per year, and a new production line is also being laid out, which will usher in the mass production stage in December 2023.

According to Market and Technology Trends: LiDAR for Automotive 2023 released by Yole Intelligence, an internationally authoritative research institution, a comprehensive interpretation of lidar technology and market trends is presented. The report shows that the global market share of Innovusion in 2022 has significantly exceeded expectations for 2021, and it has won the double champion of sales and revenue in the "Passenger and Commercial Vehicle Automotive LiDAR Market" with its outstanding performance of being the first in the world.

The large-scale production and implementation of high-performance LiDAR has always been a challenge faced by the industry. Vehicle-level LiDAR has extremely strict requirements for product manufacturability, supply chain maturity, mass production cycle, reliability and other aspects, covering precision assembly of optical systems, large-scale ordered production at a fast pace, and guarantee of product performance and yield.

As the crucial 'eye of intelligent driving', LiDAR, like most emerging fields, faces the dilemma of low maturity in the initial industrial chain, lack of large-scale industrial production capacity, and difficulty in ensuring mass production and consistency in production for the century-old automotive industry. Since the successful delivery of the NIO ET7, a large-scale production model equipped with high-performance LiDAR in 2022, Innovusion has maintained a leading position in the market, steadily delivering high-performance LiDAR to the industry on a large scale and achieving cost reduction and increased efficiency.

Innovusion expands global suppliers and lays out a stable comprehensive coverage supply chain system. Deeply improving the supply chain, building the global large-scale high-performance LiDAR supply chain from scratch, and accelerating the process of industrial development. It ensures global lean production and significantly improve production line flexibility and efficiency through 90% high automation, digitization of production details throughout the entire process, flexibility to support four product in line, and modular design to simplify assembly processes. It adopts the concept of lightweight production line construction, improving the utilization rate of site area, planned on line speed, and capital utilization rate, to achieve efficient implementation of the production line within 6 to 9 months.

By collaborating with forward-looking and highly recognized customers and undergoing strict verification, Innovusion has taken the lead in achieving large-scale production and installation of high-performance LiDAR, helping to complete the delivery of 9 models and reach great achievements. Innovusion also has extensive cooperation with commercial truck companies such as TuSimple, Zhito Technology, Smartxtruck Technology, EACON, DeepWay, Autra Tech, Driveblocks, as well as Robotaxi companies such as Mogo.ai and Caocao Travel, as well as customers in application fields such as smart cities, smart highways, smart rail transit, smart shipping, and smart ports, both domestically and internationally.

Source: OFweek