[Asia Economy Reporter Hyungsoo Park] Lanix's stock price is on the rise. Interest in Lanix appears to be growing as expectations for the realization of autonomous driving increase.
At 10:08 AM on the 29th, Lanix was trading at 8,840 KRW, up 7.8% from the previous day.
Lanix is a next-generation communication and security specialist company providing total solutions based on system semiconductors. It has established a dominant position in the communication chip market for automotive Hi-Pass terminals. The company focuses on technology development in the fields of automotive and IoT communication and security solutions.
In preparation for the autonomous driving era, Lanix is developing vehicle-to-everything (V2X) communication technology. Specifically, Lanix is the only company in Korea to have developed an integrated solution for the IEEE 802.11p standard 5.9GHz wave vehicle-to-everything (V2X) communication, a core technology for autonomous vehicles. Globally, Lanix uniquely possesses system semiconductor solutions as well as software and hardware solutions in the V2X communication integrated solution field.
According to NICE Information Service, the production volume of vehicles equipped with V2X systems last year is estimated to be below 15,000 units, but with an average annual growth rate of 277.5%, it is expected that about 11.2 million vehicles will be equipped with V2X communication technology by 2024. V2X communication technology can be broadly divided into DSRC technology, which is dedicated to short-range communication, and C-V2X (Cellular-V2X) technology, which uses mobile communication networks to enable mid-to-long-range communication. In the early 2020s, DSRC technology, which is relatively easier to implement performance-wise, is predicted to lead the automotive communication market, but gradually C-V2X technology is expected to expand its market share.
Elon Musk, co-founder and CEO of Tesla, recently stated, "Within a month, we will unveil an improved 'Autopilot' with full autonomous driving capability."
'Autopilot' refers to Tesla's autonomous driving system, and Musk added, "People will understand the tremendous change."
Musk also said, "By lowering battery prices, we will be able to sell fully autonomous electric vehicles for $25,000 in about three years."
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