Chery’s cost of automated parking solution fewer than RMB10,000 per car

Shanghai (Gasgoo)- On September 21, Wu Xuebin, former vice president of Baoneng’s auto business unit, introduced Chery’s autonomous driving achievements under the LION intelligent strategy, for the first time as Chery LION’s general manager.  

Wu Xuebin joined Chery on September to lead intelligent vehicle business. Closely before that he assumed the role of Vice President of Baoneng Auto. Besides, he had took office in BAIC Motor, Baidu, Ford, General Motors and Bosch, etc.

Chery has already completed the development of its third-generation intelligent vehicle platform, according to the Mr. Wu’s statement extended at the 2019 World Manufacturing Convention.

Other achievements include the 5G autonomous driving lab jointly built with China Telecom and full coverage of 5G network at a self-driving pilot zone.

At the same time, he demonstrated the automated parking solution through a video. The solution, taking advantage of 5G and V2X technologies, can make parking lots, environmental information and vehicles seamlessly connected.       

(Photo source: Chery)

The pain points for automated parking mainly lie in the high cost in high-precision positioning technology, low accuracy in indoor localization and difficulty in mass production. Mr. Wu said the cost of Chery’s automated parking solution can be limited under RMB10,000 ($1,405) per car and can realize a positioning accuracy within 15 centimeters. 

In last April, Chery released the intelligence strategy brand Chery LION involving five business sectors of autonomous driving, IoV (Internet of Vehicle), digital marketing, mobility service and intelligent manufacturing. The Drive@Lion, the marque of the strategy’s autonomous driving sector, is slated to realize L3 self-driving in 2020 and L4 or even L5 in 2025.