Xiaomi News: A recent news story has been widely discussed — according to it, Xiaomi and LiDAR technology manufacturer Tudatong are currently exploring a potential deal among major automobile companies. This news is particularly significant because Tudatong is also in the process of listing on the Hong Kong Stock Exchange and aims to deepen its presence in the auto technology market. The report states that Tudatong is currently exploring collaborations with companies like Xiaomi, Leapmotor, and Bosch to boost its investment and revenue. In this article, we’ll understand what Tudatong’s LiDAR technology is, the potential terms of this deal, and its impact on the EV and self-driving segments.
Tudatong has secured a new two-box (hatchback) car model project based on Leapmotor’s B-series platform, with deliveries expected by the end of 2024. This will be Tudatong’s first mass production order from an automaker other than NIO. However, since two-box models typically have lower market demand, the final delivery numbers remain uncertain. It is noteworthy that Leapmotor has already launched two B-series models — B01 and B10 — which use LiDAR from the company Hesai.
Similarly, Xiaomi is also evaluating Tudatong’s LiDAR technology. According to reports, Xiaomi is testing Tudatong’s 905nm and 1550nm wavelength LiDAR systems for its L3-level self-driving car project. Among these, the 1550nm Falcon series has been included in the project’s core bidding process. Hesai and Sagitar are also part of this bidding, but sources believe Tudatong has the highest chance of winning.
Tudatong has also significantly reduced the price of its 1550nm LiDAR unit. By the end of 2024, its price has dropped below 4000 yuan, and it is estimated to reach 3000 yuan by September. If the company receives an order of 1 million units, the cost could go as low as 1000 yuan. This cost reduction could be a major attraction for brands like Xiaomi that want high-quality technology at a lower cost.
From a technical perspective, Tudatong offers LiDAR solutions in two main wavelengths — 905nm and 1550nm. The 905nm system is cheaper but provides limited range, while the 1550nm system is known for long-range and better performance. As a result, companies like Xiaomi may prioritize the Falcon series in their premium models.
Currently, Tudatong is aiming to get listed on the Hong Kong Stock Exchange on time. If everything goes as planned, the listing could happen by mid-2025. However, if delays occur and the listing does not happen by the end of 2025, the company’s backdoor listing options will become invalid. Therefore, the company is actively pursuing new deals and partnerships to maintain investor confidence and boost its revenue.
In conclusion, Tudatong’s potential partnerships with Leapmotor and Xiaomi could be a major step forward in the field of LiDAR and EV technology. If these deals are finalized, the company will not only see an increase in order volume but also a rapid rise in its market credibility and brand value. By offering advanced technology at a low cost, Tudatong can become a strong and reliable technology partner for the EV industry.
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