According to the data information released by China's automobile industry, by the end of 2018, the number of commercial vehicles in China has exceeded 35 million; In 2019, the total annual output of commercial vehicles was 4.36 million, with a year-on-year growth of 1.9%. Among them, the annual sales of heavy trucks reached 1.168 million, with a year-on-year growth of 1.7%, a record high. Since 2016, the high visibility of heavy trucks has lasted for four years. It is estimated that the total number of commercial vehicles in China will exceed 45 million in 2020.

This system supports forward anti-collision, backward anti-collision and right blind zone monitoring. It has the advantages of long detection distance, large FoV, high angle measurement resolution and large speed measurement range. It has two groups of CAN interface outputs, supports 24V truck power supply mode, and is compact and easy to integrate. It solves the inherent defect that the visual sensor of the original vehicle right blind zone detection system is greatly affected by the environment, and greatly improves the reliability of the vehicle right blind zone detection system.

Chengtech Technology has won unanimous praise from major OEMs, Tier 1 and partners by virtue of its professional R&D capability, benchmarking imported radar performance products, less than 1/3 of the price compared with imported radars, and fast response technical services. At present, Chengtech Technology has started to provide millimeter wave radar products for more than five major domestic commercial vehicle manufacturers, with sales volume of nearly 100000. In particular, the sales volume of forward radar products has kept ahead in China.

This cooperation with Ping An Property Insurance is one of the typical projects of Chengtech Technology in the automotive aftermarket. It is estimated that in 2020, Chengtech Technology will ship more than 50000 millimeter wave radars in the automotive aftermarket alone.