Recently, Axera signed a Strategic Cooperation Agreement with Shanghai Yuxing Electronic Technology Co., Ltd., a R&D enterprise specializing in Camera Monitor System (CMS) products. The two parties will carry out in-depth cooperation in the fields of CMS electronic rearview mirrors and intelligent cockpits. Dr. Qiu Xiaoxin, Founder, Chairman and Chief Executive Officer of Axera, Gong Huimin, President of Automotive Business Unit, as well as Fu Hongqiang, Founder, Chairman and General Manager of Yuxing Electronics, Fu Bingkai, Deputy General Manager and other executives attended the strategic signing ceremony and witnessed the conclusion of the strategic cooperation between the two sides.

Dr. Qiu Xiaoxin stated that with the continuous deepening of automotive intelligence and the growing pursuit of automotive safety, especially after the official release of China's new national standard for automotive rearview mirrors at the end of 2022 — which means that vehicles equipped with CMS in China have been legally mass-produced and on the road since July this year — the application of CMS in China's automotive market will maintain a strong momentum. Relying on core independent R&D technologies and in-depth layout in the chip field, Axera has accumulated abundant product experience and R&D advantages by providing SoC chips with built-in self-developed AI-ISP technology, platform software and toolchains, making full preparations for the explosive growth of CMS applications. Axera looks forward to in-depth cooperation with Yuxing Electronics to provide strong development impetus for this niche market and boost the high-quality development of the domestic CMS industry.

Mr. Fu Hongqiang highly recognizes Axera's technological strength in the chip field. He believes that as leaders in their respective fields, Axera and Yuxing Electronics can form a synergy through cooperation, advance hand in hand to solve industry pain points, bring more mature solutions for the accelerated implementation of CMS applications, and continuously create value for the intelligent upgrading of the automotive industry and social development.

Founded in 2019, Axera upholds the mission of "Democratizing AI for a Better Life" and the vision of "Building a world-class perception and computing platform", and is committed to creating world-leading mobile intelligent chips. In the intelligent driving track, Axera positions itself as a Tier 2 supplier. Relying on the two industry-leading technological advantages of Axera Smart Vision AI-ISP and Axera Smart Compute mixed-precision NPU, Axera provides high-performance, low-power edge and end-side artificial intelligence chip products for automakers and upstream and downstream manufacturers, as well as more differentiated and cost-effective intelligent driving solutions. The company launched the M55H series chips based on Axera Smart Vision AI-ISP technology, whose CMS solutions excel in safety, performance, functional integrity, intelligent expansion and other aspects.

Shanghai Yuxing Electronic Technology Co., Ltd. is a national high-tech enterprise, a Specialized, Refined, Unique and Novel enterprise and an automotive hidden unicorn company that focuses on the R&D of CMS electronic rearview mirrors at the earliest in China. With seven years of R&D accumulation and five generations of product iteration and upgrading, the company has laid out a CMS patent family from system design and calibration to core component technologies. Having installed more than 10,000 units in the user market, participated in the revision of GB15084-2022 in an all-round way and drafted industry standards for the Ministry of Transport, Yuxing Electronics has built core capabilities in CMS product definition, accurate demand and standard understanding, CMS core optical technology, system design and calibration as well as sustained innovation, and the establishment and iteration of CMS patent families and patent pools. At present, the company has obtained a large number of fixed points for mass production projects of domestic commercial vehicles.

According to the agreement, the two parties will develop the CMS system based on Axera's automotive-grade M55H chip, which will be first installed on mass-produced models of a leading well-known heavy-duty truck enterprise in China, with mass production SOP as early as the end of 2023. Meanwhile, the two parties will give full play to their technological and industrial advantages, align with the industry development direction and deeply explore customer application needs; promote the market application of technological achievements through talent co-construction, technology sharing and project co-promotion to accelerate the implementation of relevant products and solutions; at the same time, the two parties will also conduct in-depth brand co-construction and jointly build a leading brand in the industry by virtue of diversified marketing and promotion methods.

With favorable conditions and a promising future, Axera and Yuxing Electronics will forge ahead hand in hand and set sail in the new blue ocean of the CMS industry.