China Merchants New Intelligence and Juefei Technology reached a strategic cooperation to develop the digital economy and empower the construction of smart highways

With the release of the 14th Five-Year Plan and the Outline of the Long-Term Goals for 2035, the "digital economy" has become the top priority for accelerating the construction of smart cities. Using big data innovation capabilities to improve intelligent transportation information management and promote the digital transformation of the transportation industry has become a topic of joint exploration by governments and industries at all levels.

Recently, China's smart transportation infrastructure operation service provider "Zhangshang Xinzhi" and Juefei Technology have officially reached a strategic cooperation, and will carry out in-depth cooperation around the digitalization of smart highways and high-level roadside fusion perception technology.

The two parties will comprehensively promote the transformation and upgrading of highways to "digitalization" from multiple directions, including digital construction of highway assets, smart highway inspection, digital twins, and smart transportation. At the same time, they will also form a standardized solution for vehicle-road collaboration and gradually promote the implementation of technology on actual roads.

China Merchants New Intelligence is the smart transportation industry platform of China Merchants Highway, committed to becoming a smart transportation infrastructure operation service provider, empowering the transportation industry by mining data value and deepening smart applications. As the smart transportation manager of multiple national demonstration zones and major projects, China Merchants New Intelligence comprehensively covers and supports transportation big data, smart toll collection, smart management and maintenance, smart safety, smart operations and other fields, and is comprehensively deploying the entire smart highway industry chain.

As a leading intelligent data service operator in the vehicle-road collaboration industry, Juefei Technology adheres to "multi-sensor fusion" as the core technology route, and has created a new data engine and data platform through the digitalization and intelligent upgrade of vehicle-road collaboration. It provides "full-stack solutions and services" for autonomous driving and vehicle-road collaboration for OEMs, autonomous driving scenario operators, smart transportation, etc., and is committed to developing into an industry-leading integrated data platform to provide the industry with safe, reliable, and full-scenario intelligent driving and smart transportation solutions.

As representatives of the "national team" of smart transportation, the cooperation background between China Merchants New Intelligence and Juefei Technology is of great significance. This represents a practical business landing after the release of the country's "14th Five-Year Plan" vision plan, which to a certain extent shows that the construction wave of smart transportation will be in full swing. Juefei Technology has adhered to the business development path of road digitization, vehicle-road collaboration, and intelligent transportation for many years. It has independently developed and launched the "road asset digitization and intelligent inspection solution", which has been implemented in key sections of highways in many provinces and cities.

Figure: Juefei Technology Road Asset Digitalization and Intelligent Inspection System

  Figure: Inspection vehicle equipped with Juefei Technology's intelligent AI reasoning edge computing terminal

In addition, Juefei Technology has integrated hardware and software equipment that uses lidar, millimeter waves, cameras, and AI computing platforms, combined with self-developed edge computing fusion perception and positioning algorithms, to provide real-time L4-level traffic data computing engine services for vehicle-road collaborative scenarios, thereby achieving dynamic digital management of highway assets and building a technical system guarantee for highway vehicle-road collaboration.

Both parties believe that the construction of smart transportation cannot be separated from the support of massive data, and the pace of smart transportation construction will be accelerated through effective innovation in digital construction. The strategic cooperation between the two parties will also build an integrated vehicle-road-network cloud digital platform, create a "showroom" for the digital economy of smart highway scenarios, realize the interconnection of digital information, form a win-win data ecology, and inject new potential energy into the "new digital infrastructure".

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.