Group 1 - The core viewpoint of the article highlights the positive outlook for the autonomous taxi market, driven by advancements in AI technology and the introduction of new platforms by Nvidia, which are expected to stimulate demand and support global economic growth [1] - Citigroup forecasts that the global autonomous taxi market will expand from $4.43 billion in 2025 to $188.91 billion by 2034, indicating significant growth potential [1] - In China, the reachable market size for autonomous taxis is projected to grow from $3.9 million in 2025 to $67.59 billion by 2035, showcasing a substantial opportunity in this region [1] Group 2 - CITIC Lyon has initiated coverage on Pony.ai with an "outperform" rating and a target price of $22, indicating confidence in the company's future performance [1] - The company is expected to achieve adjusted operating profit breakeven by 2029, with short-term stock price drivers focusing on commercialization progress [1] - Starting in 2026, the commercialization of autonomous taxis is anticipated to experience exponential growth, driven by the maturity of Level 4 technology, economic feasibility of vehicles and hardware, and increased user acceptance [1]

Group 1 - The report from Citic Securities initiates coverage on Pony.ai (PONY.US) with an "outperform" rating and sets a target price of $22 for its U.S. stock [1] - The company is expected to achieve adjusted operating profit breakeven by 2029, with short-term stock price drivers focusing on commercialization progress [1] - From 2026 onwards, the commercialization of autonomous taxis is anticipated to experience exponential growth, driven by the maturity of Level 4 technology, economic feasibility of vehicle and hardware costs, and increased user acceptance [1]

Group 1 - The Hong Kong stock market saw a significant rise in autonomous driving concept stocks, indicating positive investor sentiment in this sector [1] - Zhejiang Shibao (01057.HK) experienced a notable increase of 9.98%, reaching a price of 5.62 HKD [1] - SenseTime-W (00020.HK) rose by 6.25%, with its stock price at 2.38 HKD [1] - Pony.ai-W (02026.HK) saw a gain of 5.46%, trading at 129.5 HKD [1] - Horizon Robotics-W (09660.HK) increased by 4.05%, with a stock price of 9.24 HKD [1]

Core Viewpoint - The smart driving concept stocks have seen a significant rise, driven by advancements in autonomous driving technology and positive market sentiment following announcements from Nvidia at CES [1] Group 1: Stock Performance - Zhejiang Shibao (002703) increased by 9.98%, reaching 5.62 HKD [1] - SenseTime-W (00020) rose by 6.25%, reaching 2.38 HKD [1] - Pony.ai-W (02026) gained 5.46%, reaching 129.5 HKD [1] - Horizon Robotics-W (09660) saw a 4.05% increase, reaching 9.24 HKD [1] Group 2: Technological Advancements - Nvidia CEO Jensen Huang announced the Alpamayo platform at CES, enabling cars to perform "inference" in real-world scenarios [1] - The first vehicle equipped with Nvidia technology is set to launch in the US in Q1, Europe in Q2, and Asia in the second half of the year [1] - Nvidia also announced the open-sourcing of its first inference VLA (Vision-Language-Action) model, Alpamayo1, to accelerate the development of safe autonomous driving technology [1] Group 3: Market Outlook - Huajin Securities reported a clear L3 window period, with multiple domestic manufacturers preparing for mass production [1] - The penetration rate of L2 and above assisted driving models is expected to reach 64.7% from January to September 2025, marking a historical high [1] - The firm is optimistic about the electric and intelligent transformation driving the automotive industry, with an anticipated increase in the penetration rate of smart components [1] - The domestic supply chain, combined with international expansion, is expected to accelerate growth by 2026, benefiting component manufacturers from industry upgrades [1]

Core Viewpoint - The smart driving concept stocks have seen a significant rise, driven by advancements in autonomous driving technology and the upcoming launch of vehicles equipped with NVIDIA's new platform [1] Group 1: Stock Performance - Zhejiang Shibao (01057) increased by 9.98%, reaching 5.62 HKD [1] - SenseTime-W (00020) rose by 6.25%, reaching 2.38 HKD [1] - Pony.ai-W (02026) grew by 5.46%, reaching 129.5 HKD [1] - Horizon Robotics-W (09660) climbed by 4.05%, reaching 9.24 HKD [1] Group 2: Technological Advancements - NVIDIA CEO Jensen Huang announced the Alpamayo platform at CES, enabling cars to perform "reasoning" in real-world scenarios [1] - The first vehicles featuring NVIDIA technology are set to hit the roads in the U.S. in Q1, Europe in Q2, and Asia in the second half of the year [1] - NVIDIA has open-sourced its first reasoning VLA (Vision-Language-Action) model, Alpamayo 1, to accelerate the development of safe autonomous driving technology [1] Group 3: Market Insights - Huajin Securities reported that the current L3 window is clear, with multiple domestic manufacturers preparing for mass production [1] - The penetration rate of L2 and above assisted driving models is expected to reach 64.7% from January to September 2025, marking a historical high [1] - The firm is optimistic about the electric and intelligent transformation driving the automotive industry, with an expected increase in the penetration rate of smart components [1] - The domestic supply chain, combined with international expansion, is anticipated to accelerate growth by 2026, benefiting component manufacturers from industry upgrades [1]

招商证券指出，小马智行-W属L4领域先行者，技术及商业化能力构筑护城河。公司依托于世界模型和 虚拟司机技术公司在L4领域深耕，更在商业化应用方面取得了实质性突破，尤其是去年第三季度在广 州实现的Robotaxi单车盈利转正，标志着其商业化迎来阶段性的里程碑式时刻。该行认为，小马智行凭 借先发优势和行业地位，在自动驾驶出行服务和自动驾驶货车领域占据重要的市场份额，随着第七代车 型的加速部署和车队规模扩大，强劲的增长势头有望延续。 智通财经获悉，小马智行-W(02026)高开逾6%，截至发稿，涨6.29%，报123.4港元，成交额76.51万港 元。 本文源自：智通财经网 消息面上，近期，小马智行联合创始人、CFO王皓俊在接受采访时透露，依托第七代Robotaxi的规模化 投放，公司已在广州实现单车盈利(UE 转正)，日均营收每车达299元，2025年底车队规模将突破1000 辆，2026年目标扩容至3000辆，远期计划2030年达成10万辆运营规模。此次在广州市场实现单车盈利的 核心支撑，来自第七代Robotaxi的技术突破与成本优化。 ...

Group 1 - The smart driving concept stocks mostly rose, indicating positive market sentiment in this sector [1] - Black Sesame Intelligence (02533.HK) increased by 7.32%, reaching HKD 20.96 [1] - Zhejiang Shibao (01057.HK) rose by 6.26%, reaching HKD 5.26 [1] - Pony.ai-W (02026.HK) saw a rise of 6.29%, reaching HKD 123.4 [1] - WeRide-W (00800.HK) increased by 4.54%, reaching HKD 24.42 [1]

Core Viewpoint - The smart driving concept stocks have shown significant gains, driven by advancements in autonomous driving technology and positive market sentiment towards the industry [1] Group 1: Stock Performance - Black Sesame Intelligence (02533) increased by 7.32%, reaching HKD 20.96 [1] - Zhejiang Shibao (01057) rose by 6.26%, reaching HKD 5.26 [1] - Pony.ai-W (02026) saw a rise of 6.29%, reaching HKD 123.4 [1] - WeRide-W (00800) increased by 4.54%, reaching HKD 24.42 [1] Group 2: Technological Advancements - A Model 3 equipped with FSD v14 successfully completed a cross-country trip from Los Angeles to South Carolina, covering 2732 miles in 2 days and 20 hours, entirely relying on FSD without any human intervention [1] - The journey included various driving conditions such as highways, city roads, nighttime driving, and multiple entries and exits at supercharging stations [1] Group 3: Industry Outlook - Dongwu Securities maintains a positive outlook on the L4 RoboX mainline for 2026 [1] - Orient Securities anticipates that with regulatory support and increasing market demand, the progress of L3 autonomous driving industrialization is expected to accelerate by 2026, benefiting related smart driving hardware and software suppliers [1]

Core Viewpoint - The smart driving concept stocks have shown significant gains, driven by advancements in autonomous driving technology and positive market sentiment towards related companies [1] Group 1: Stock Performance - Major smart driving stocks have risen, with Hezhima (000716) up 7.32% to HKD 20.96, Zhejiang Shibao (002703) up 6.26% to HKD 5.26, Pony.ai-W (02026) up 6.29% to HKD 123.4, and WeRide-W (00800) up 4.54% to HKD 24.42 [1] Group 2: Technological Advancements - A Model 3 equipped with FSD v14 successfully completed a cross-country trip from Los Angeles to South Carolina, covering 2732 miles in 2 days and 20 hours, entirely relying on FSD without any human intervention [1] Group 3: Industry Outlook - Dongwu Securities maintains a positive outlook on the L4 RoboX mainline by 2026, while Dongfang Securities anticipates accelerated progress in L3 autonomous driving commercialization by 2026, driven by regulatory support and increasing market demand, benefiting related smart driving hardware and software suppliers [1]

每经AI快讯，小马智行-W(02026.HK)高开逾6%，截至发稿，涨6.29%，报123.4港元，成交额76.51万港 元。 ...