Core Insights - The penetration rate of passenger cars equipped with combined driving assistance systems in China reached 62.6% from January to July 2025, an increase of 5.7 million units and 40 percentage points compared to the same period in 2021 [1] - The current market primarily features L2 level systems, which assist with basic driving tasks but do not provide full autonomous driving capabilities, leaving the driver responsible [1] - The development of intelligent driving in China is accelerating due to policy support, with significant regulations and standards being established to enhance safety and performance in the industry [1][2] Industry Developments - The introduction of national standards for L2 level driving assistance is expected to provide regulatory support and drive innovation within the intelligent driving industry, benefiting the entire supply chain [2] - Major automotive manufacturers are shifting from fully self-developed solutions to strategic collaborations with technology providers, enhancing the integration of AI capabilities and increasing the penetration of intelligent driving technologies [2] - Domestic suppliers of components such as lidar, cameras, and radar are strengthening their influence in the industry and moving towards integrated hardware and software solutions [2] Relevant Companies - Black Sesame Intelligence (02533) is positioned to benefit from the commercialization of L2+ technology and advancements in L3 and L4 scenarios, having launched high-performance intelligent driving chips [3] - Horizon Robotics (09660) has achieved significant production milestones with its HSD chip series and is establishing international partnerships, aiming to expand its intelligent driving solutions globally [3] - Suoteng Juchuang (02498) has successfully mass-produced high-line count lidar products, which are now featured in new intelligent SUV models [3] - Youjia Innovation (02431) has entered the unmanned logistics sector with its "Xiaozhu" brand, showcasing its commitment to advancing high-level autonomous driving commercialization [4]

Industry Overview - The demand for LiDAR technology in the robotics sector has surged, leading to a significant increase in orders for LiDAR companies this year [1] - The domestic sales revenue for LiDAR in China has nearly doubled compared to last year [1] - By 2025, the Chinese LiDAR market is projected to reach a scale of 24.07 billion yuan, increasing to 43.18 billion yuan by 2026 [1] - The shift in automotive manufacturers' focus from "high-level autonomous driving" to "safety assurance" has positioned LiDAR as a key promotional product for car brands [1] - The robotics market is providing new growth opportunities for the LiDAR industry, leading to a "golden period" of simultaneous growth in volume and price [1] Company Highlights - Hesai Technology (禾赛-W, 02525) is the largest global supplier of LiDAR, recently signing a contract worth over 40 million USD with a leading US Robotaxi company, with delivery planned by the end of 2026 [2] - RoboSense (速腾聚创, 02498) announced that its LiDAR products will be integrated with the NVIDIA DRIVE AGX platform, indicating strong long-term market potential and competitive advantage in the automotive sector [2] - Analysts are optimistic about RoboSense's growth potential driven by its comprehensive technology layout and ongoing customer expansion [2]

每经AI快讯，9月18日，港股速腾聚创(02498.HK)早盘涨超8%，截至发稿，涨6.47%，报45.42港元，成 交额8.24亿港元。 ...

智通财经APP获悉，速腾聚创(02498)早盘涨超8%，截至发稿，涨6.47%，报45.42港元，成交额8.24亿港元。 消息面上，9月9日，速腾聚创数字化激光雷达标杆产品EMX，面向多家车企客户正式开启批量交付。这标志着速腾聚创全新一代车载数字化激光 雷达平台EM平台全线产品，包括EMX、EM4及定制版本，已全面进入规模化量产阶段。据悉，EM平台已斩获全球8家头部整车厂45款车型定 点，速腾聚创累计定点订单车型数达到133款。此外，速腾聚创成为全球唯一接入英伟达三大生态(Jetson-机器人，Drive-自动驾驶，Omniverse-仿 真物理AI)的激光雷达企业。 值得注意的是，工信部公开就《智能网联汽车 组合驾驶辅助系统安全要求》强制性国家标准向社会征求意见。分析人士指出，此次发布的征求意 见稿首次将激光雷达正式纳入中国智能网联汽车组合驾驶辅助系统的标准体系之中，其诸多设计客观上对车企选择感知架构提供了明确指引，强 调了激光雷达在特定场景下的独特价值。 | 食品饮料ETF | 游戏ETF | | --- | --- | | (产品代码:515170) | (产品代码: 159869) | | ★ 跟踪： ...

Group 1 - The Hong Kong stock market saw a rise in autonomous driving concept stocks on September 18, with notable increases in share prices for several companies [1] - Black Sesame Technologies (02533.HK) experienced a significant increase of 9.04%, reaching HKD 20.86 [1] - Horizon Robotics-W (09660.HK) rose by 7.18%, trading at HKD 11.19 [1] - Suda Technology (02498.HK) saw a gain of 6.33%, with shares priced at HKD 45.26 [1] - Youjia Innovation (02431.HK) increased by 5.9%, with a share price of HKD 27.64 [1]

消息面上，9月9日，速腾聚创数字化激光雷达标杆产品EMX，面向多家车企客户正式开启批量交付。 这标志着速腾聚创全新一代车载数字化激光雷达平台EM平台全线产品，包括EMX、EM4及定制版本， 已全面进入规模化量产阶段。据悉，EM平台已斩获全球8家头部整车厂45款车型定点，速腾聚创累计定 点订单车型数达到133款。此外，速腾聚创成为全球唯一接入英伟达三大生态(Jetson-机器人，Drive-自 动驾驶，Omniverse-仿真物理AI)的激光雷达企业。 值得注意的是，工信部公开就《智能网联汽车 组合驾驶辅助系统安全要求》强制性国家标准向社会征 求意见。分析人士指出，此次发布的征求意见稿首次将激光雷达正式纳入中国智能网联汽车组合驾驶辅 助系统的标准体系之中，其诸多设计客观上对车企选择感知架构提供了明确指引，强调了激光雷达在特 定场景下的独特价值。 速腾聚创(02498)早盘涨超8%，截至发稿，涨6.47%，报45.42港元，成交额8.24亿港元。 ...

Core Viewpoint - The smart driving concept stocks have risen significantly following the announcement of a new national standard for intelligent connected vehicle auxiliary systems, indicating a positive outlook for the automotive smart technology sector [1] Group 1: Stock Performance - Stocks of several companies in the smart driving sector have seen notable increases: - Hezhima (000716) up 9.04% to HKD 20.86 - Horizon Robotics-W (09660) up 7.18% to HKD 11.19 - Suton Juchuang (02498) up 6.33% to HKD 45.26 - Youjia Innovation (02431) up 5.9% to HKD 27.64 [1] Group 2: Regulatory Developments - On September 17, the Ministry of Industry and Information Technology publicly solicited opinions on the mandatory national standard for "Safety Requirements for Intelligent Connected Vehicle Combination Driving Assistance Systems" - Data shows that the installation rate of Level 2 combination driving assistance technology in new energy vehicles has exceeded 50%, with expectations for continued growth in installation rates [1] Group 3: Industry Insights - A representative from the Ministry of Industry and Information Technology stated that this standard fills a safety baseline gap for combination driving assistance systems in China, providing critical technical support for industry access, quality supervision, and post-event traceability - This development is expected to enhance overall product safety levels in the industry [1] Group 4: Investment Recommendations - CITIC Securities suggests that the automotive smart technology supply chain is likely to benefit from the gradual improvement of industry regulations, recommending investment in: 1) Leading manufacturers in smart driving research and development 2) Leading suppliers of laser radar 3) Leading companies in intelligent connected vehicle testing and simulation services 4) Other leading suppliers of smart driving components [1] - Aijian Securities anticipates that the current period until next year will be a breakthrough window for advanced smart driving technology, policy regulations, user acceptance, and business models, advising a focus on automotive intelligence [1]

消息面上，9月17日，工业和信息化部公开对《智能网联汽车组合驾驶辅助系统安全要求》强制性国家 标准公开征求意见。数据显示，新能源汽车组合驾驶辅助技术(L2级)搭载率超过50%，且预计组合驾驶 辅助系统的装配率仍将持续提升。工信部装备工业一司相关负责人介绍，这一标准填补了我国组合驾驶 辅助系统产品安全基线空白，将为行业准入、质量监督和事后追溯提供关键技术依据，有助于全面提升 产品安全水平。 智通财经APP获悉，智驾概念股走高，截至发稿，黑芝麻智能(02533)涨9.04%，报20.86港元；地平线机 器人-W(09660)涨7.18%，报11.19港元；速腾聚创(02498)涨6.33%，报45.26港元；佑驾创新(02431)涨 5.9%，报27.64港元。 中信证券此前指，在行业监管逐步完善的趋势下，汽车智能化产业链有望受益。推荐以下几条投资主 线：1）智能驾驶研发进展领先的主机厂；2）激光雷达头部供应商；3）智能网联汽车检测与仿真测试 服务头部公司；4）其他智能驾驶头部零部件供应商。爱建证券认为，预计当前至明年是汽车高阶智驾 技术成熟度、政策法规、用户接受度与商业模式共同突破的窗口，建议重视汽车智能化。 ...

Group 1 - The robotics concept stocks showed strong performance in early trading on September 17, with notable increases in share prices [1] - DCH Holdings (00179.HK) rose by 8.4%, reaching HKD 41.3 [1] - Sanhua Intelligent Control (02050.HK) increased by 7.64%, trading at HKD 42 [1] - Shoucheng Holdings (00697.HK) saw a rise of 7.59%, with shares priced at HKD 2.55 [1] - SUTENG Juchuang (02498.HK) experienced a 5.95% increase, with shares at HKD 45.2 [1]

Group 1 - The Hong Kong stock market saw a strong performance in robotics concept stocks, with notable gains from companies such as 首程控股 (up over 11%) and 德昌电机控股 (up over 6%) [1] - Tesla CEO Elon Musk announced plans for an internal meeting focusing on artificial intelligence, autonomous driving systems, and the production of the Optimus robot [1] - PharmAGRl has signed a letter of intent with Tesla to deploy up to 10,000 Optimus 3+ humanoid robots in its agricultural operations and pharmaceutical production [1] Group 2 - 首程控股 reported a year-to-date increase of 164.56% and a market capitalization of 21.756 billion [2] - 德昌电机控股 experienced a year-to-date increase of 287.95% with a market capitalization of 37.918 billion [2] - 速腾聚创 and 华虹半导体 also showed significant year-to-date increases of 46.97% and 160.05% respectively, with market capitalizations of 21.333 billion and 97.603 billion [2]