What does BYD lack? A detailed explanation of BYD's localization and intelligent future

Who is BYD's benchmark? From the perspective of electric vehicles, BYD's benchmark is Tesla; from the perspective of consumer electronics, BYD's benchmark is Foxconn; from a battery perspective, BYD's benchmark is LG batteries; from a semiconductor perspective, BYD's benchmark is STMicroelectronics.In fact, BYD's target is Samsung, which integrates hardware in the smartphone field.

Founder Securities divides smartphones into three categories of manufacturers:

Samsung Electronics ranks first in the world in DRAM, NAND, and OLED displays, second in-camera chips, second in 7/5/3nm foundry, and has built its own foundry, battery factory, operator equipment, and chips to achieve A true hardware IDM. But Samsung's operating system and its content ecosystem come from Android, which is dominated by Google.

Although most of the semiconductor components come from Samsung, Apple has established a whole chain of software-content ecology from iOS to macOS, operating system to compilation environment, to APP Store, to music and video entertainment. This is Apple's strongest moat, but Apple's foundry comes from Foxconn, and the chip manufacturing comes from Samsung and TSMC.

The hardware of Huami OV comes from Samsung, TSMC, etc., and the operating system comes from Google. It is the third way independent of the two giants Samsung and Apple.

2. BYD lacks an operating system

Based on the above analysis, what else does BYD lack?BYD lacks an operating system in the era of smart trams, but this operating system is different from software in the traditional sense, but an intelligent suite that integrates algorithm OS + computing power + communication infrastructure. Similar to the Android + ARM SoC + Qualcomm's BP carried by Samsung mobile phones.

3. BYD must complete the "intelligent" shortboard

Founder Securities believes that BYD has three paths in its intelligent layout:

(1) Refer to Tesla, completely self-developed algorithm operating system + computing power chip + AI algorithm training. However, it is obvious that BYD, which takes the Samsung hardware IDM route, is not a strong point of intelligence, and external cooperation should be the best choice.

(2) Outsourcing NVIDIA ORIN and other external intelligent solutions, NVIDIA, as the MTK in the era of smart trams, provides solutions similar to Turnkey, which will occupy a considerable share in the era of intelligent driving.

(3)Cooperation with Huawei Intelligent Driving: This is the best solution to complement the shortcomings of cooperation with BYD.

Intelligent, this is the front desk, driverless is the final form of smart trams; electrification, this is the middle platform, BYD is the vertical integration leader of electrification; localization, this is the background, supporting electrification and intelligence. root technology.

Under the new pattern of China and the United States, both electrified chips and intelligent chips are severely constrained by fabs controlled by American equipment. The localization of fabs is the lifeblood of current intelligence/electricity. Materials are the basis for realizing domestic fabs.