Chelian Tianxia is preparing for its IPO and faces market competition pressure

Autolink is preparing for an IPO, but faces considerable pressure in terms of market competition. According to data, in 2023, 3.4901 million passenger cars with standard cockpit domain controllers will be delivered in the Chinese market (excluding imports and exports), a year-on-year increase of 111.43%; the delivery volume is expected to reach 6 million in 2024. This means that if full production and sales are achieved, Autolink will need to take 40% of the market share. However, judging from the number of suppliers and the degree of competition in the current domestic market, this goal is not easy to achieve.