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Road to The Future| Techcode · AI

Self-driving technology,the magical new tech that we once thought only existing in science fiction movies, has been gradually taken into reality with the exploration of a series of word-famous companies, such as Google and Tesla. McKinsey predicted that self-driving technology could bring about a output value between 200 billion and 1.9 trillion dollars by the year of 2025.

1.The definition of ‘driverless car’

‘Driverless car’ we usually talk about should be technically called as ‘autonomous car’, which is a vehicle that is capable of sensing its environment and navigating without human input. According to the standard of SAE International, autonomous cars can be classified into five levels as followed.
Level 1. Driver Assistance
Level 2. Partial Driving Automation
Level 3. Conditional Driving Automation
Level 4. High Driving Automation
Level 5. Full Driving Automation

2.The history and present situation of self-driving cars

The concept of ‘self-driving car’ was first proposed by Norman Bel Geddes , one of the most renowned American industrial designers. In the early 1950s, Radio Corporation of America (RCA) invented a brand new concept technology, which is to use the wires lied on the ground to control the direction and speed of the vehicle, achieving the real self-driving function, and the driving automation experiment was successfully conducted in 1958. Later in 1984, Defense Advanced Research Projects Agency (DARPA) of America carried out the plan of Autonomous Land Vehicle (ALV), promoting self-driving technology since then.

In 2009, with the help of DARPA, Google started the research and development of its self-driving car project. Later, a number of traditional automobile giants, such as BMW, Mercedes Benz and Toyota, have also carried out their self-driving car project. On December 14, 2016, Google announced to decouple its driverless car business, transforming the self-driving research project into an independent subsidiary company specialized in the development of self-driving technology. Technological innovations have also led to the introduction of new regulations in September of 2016, the US Department of Transportation(DOT) released the world's first national autopilot policy.

In recent years, the development of self-driving car industry in China has also been catching up. ‘Made in China 2025’ has listed ICV as one of the four strategic development directions of automobile industry. As the pioneer of domestic driverless cars, Baidu driverless car project officially started in 2013 and it was the first to test its driverless car on Fifth Ring Road in Beijing in 2015. In 2016, Baidu signed a strategic cooperation agreement with Foton Motor to achieve an all-round combination of the Internet of vehicles, big data, smart cars and self-driving technology. A number of traditional automobile companies, such as FAW, SAIC, BAIC, Chery and Changan, are also competing in the field of autonomous cars.

3. The customers behind self-driving car industry

If we run through the readers of self-driving car information by data, the result of it is quite interesting and thought-provoking.

The Chart of Self-driving Information Readers of Different Ages

The reading penetration rate among people over the age of 50 is 1.95‰ , meaning that nearly two in every 1,000 people read the information about autonomous cars, of which the rate is only lower than those aged between 18 and 23.

The Chart of Self-driving Information Readers of Different Genders The Chart of The Degree of Acceptance of Self-driving Cars Among People of Different Ages

In the perspective of age, interviewees at the age of 18 to 23 have the highest acceptance degree at 84.04%. We should also note that the acceptance degree of autonomous cars doesn’t decrease as the age goes up. More than 80% of the interviewees over 50 years old are willing to try self-driving cars.

4. The trend and future of self-driving cars

Self-driving cars have a series of advantages, such as high safety, environmentally friendliness, decreasing traffic congestion, and releasing its driver. Meanwhile, autonomous cars are also facing various obstacles, such as high cost, the gap between scientific research achievements and industrialization, traditional driving behavior, corresponding laws and regulations. Fortunately, as an increasing number of traditional automobile giants join this field,the development of autonomous cars have been accelerated faster than ever, especially in the field of cloud computing, AI, modern sensor, information integration, communication and automatic control. People’s demand and acceptance of autonomous cars are gradually increasing.

According to a relevant authority, it is predicted that by the year of 2035, the total number of the driverless cars that would be sold globally is around 11.8 million. With approximately 2.8 million sold self-driving cars, China will account for about 24% of the global market, which shows a very promising future.

In this race to the future, Techcode has started its layout. With the comprehensive global innovative resources, Techcode and its strategic partner, CFLD will build an ICV industry in Gu’an, helping GU’an to achieve its dream of becoming a global automobile new industrial county. Auto Berry Tech, a start-up incubated in Techcode, together with Great Wall Motor, have tested their newly invented cars with added driving and self-driving technologies. Recently, another excellent company in self-driving field, Quanshi Tech, will start its incubation in Techcode Jiashan. In the future, Techcode will continue connecting the innovative resources around the world and push the development of self-driving car industry in China, achieving its industrialization as soon as possible.

Techcode

It is believed that in the near future, people would be able to enjoy the safe, convenient and comfortable new driving way of autonomous cars, which could possibly completely change our life. Techcode, along with the innovators all around the world, will bravely keep fighting for the joy and happiness and a brighter future brought by innovation.

TechCode SME Service Co., Ltd. (‘TechCode’), established in 2014, is a professional agency specializing in the operation and management of incubators and the dynamic growth of science and technology enterprises. In the past three years, Techcode has established incubators in Silicon Valley, Tel Aviv, Seoul, Berlin, Helsinki, Beijing, Shanghai, Shenzhen, Nanjing, Chengdu, Wuhan, Gu’an, Xianghe, Dachang, Jiashan, etc.At the same time, Techcode has also built an O2O platform, gathering the resources of industry, university, research, government and finance, exploring a road of industrial incubation leading to the forming of industrial innovative cluster, and promoting the regional innovation.