Suzhou TZTEK Technology (688003.SH): Its business in remote control of self-driving cars mainly involves parallel driving systems and solutions.

On July 11th, Gelunhui reported that Suzhou Tztek Technology (688003.SH) stated on an investor platform that its business in remote control of self-driving cars mainly focuses on parallel driving systems and solutions. This technology has been applied in several domestic top low-speed self-driving logistics delivery vehicles, port self-driving, Robotaxi and other scenarios, which can replace safety officers to remotely control self-driving cars and solve real-time monitoring and corner case takeover issues. The company's parallel driving system has been deeply optimized for the characteristics of 4G/5G wireless networks and has low latency and can adjust to the bandwidth of the network.

Gelonghui FinanceJul 11 04:53 ET

Suzhou Tztek Technology (688003.SH): did not directly participate in the DaVinci Kids project, but has entered into deep cooperation with Baidu.

On July 11, Gelunhui reported that Suzhou Tztek Technology (688003.SH) stated on its investor platform that it did not directly participate in the Radish Run project, but it has a deep cooperation with Baidu as an ecological partner of the Baidu Apollo platform, providing domain controllers based on the NVIDIA Jetson solution for the Apollo platform. The company's domain controllers are mainly for edge computing and smart driving, among which the smart driving domain controller is designed for the passenger vehicle market. According to the monitoring data of the China Automotive Engineering Research Institute, in 2023, the market for passenger vehicles (excluding imports and exports) in China will have vehicles equipped with intelligent driving.

Gelonghui FinanceJul 11 03:33 ET

Suzhou Tztek Technology (688003.SH): Edge computing domain controllers have already been applied in integrated vehicle-road-cloud and smart city projects in multiple cities in China.

On July 10th, Gelonhui reported that Suzhou Tztek Technology (688003.SH) stated on the investor interaction platform that in the "vehicle-road-cloud integration" industry of smart connected cars, Tztek's products are vehicle area controllers and edge computing area controllers, respectively used in smart driving of cars and edge computing scenarios on the roadside. Tztek's vehicle area controller has served many host factories and automatic driving solution customers, has a wide market and customer base, and has completed the R&D appointment of top domestic customers, and is actively promoting mass production appointments. Tztek's edge computing area controller is used in integrated/cloud-based vehicle-road networks and smart cities in several cities in China.

Gelonghui FinanceJul 10 03:58 ET

Suzhou Tztek Technology (688003.SH) accumulated repurchased 0.63% of shares.

Suzhou Tztek Technology (688003.SH) announced that as of June 30, 2024, the company repurchased 1,213,000 shares of stock through the Shanghai Stock Exchange trading system using centralized bidding trading. The repurchased shares account for 0.63% of the company's total share capital of 192,445,000 shares. The highest and lowest prices of the repurchase transaction were 26.47 yuan/share and 23.21 yuan/share, respectively. The total amount paid was RMB 30,028,997.20, excluding transaction fees such as stamp duty and trading commission.

Gelonghui FinanceJul 1 05:10 ET

What You Can Learn From Suzhou TZTEK Technology Co., Ltd's (SHSE:688003) P/E

It's not a stretch to say that Suzhou TZTEK Technology Co., Ltd's (SHSE:688003) price-to-earnings (or "P/E") ratio of 29.9x right now seems quite "middle-of-the-road" compared to the market in China,

Simply Wall StJun 27 21:27 ET

Suzhou Tztek Technology (688003.SH) participated in the construction project of integrated vehicle-to-road cloud system in Peking.

Suzhou Tztek Technology (688003.SH) stated on the investor interaction platform on June 17th that it participated in the integrated construction project of Beijing Car-road Cloud and provided clients with roadside MEC edge computing units.

Gelonghui FinanceJun 17 04:51 ET