Group 1 - The core viewpoint of the article highlights the rise in stock prices of several intelligent driving concept stocks, indicating positive market sentiment towards this sector [1] Group 2 - Minth Group (00425.HK) saw a significant increase of 12.95%, reaching HKD 38.56 [1] - Botai Car Networking (02889.HK) experienced a rise of 7.26%, with its stock priced at HKD 245.4 [1] - Nexperia (01316.HK) increased by 4.39%, trading at HKD 7.37 [1] - Delta Electronics (00179.HK) rose by 3.88%, with shares priced at HKD 30.54 [1]

Group 1 - Several intelligent driving concept stocks have seen significant gains, indicating positive market sentiment in this sector [1] - Minth Group (00425.HK) experienced a notable increase of 12.95%, reaching a price of 38.56 HKD [1] - Botai Car Networking (02889.HK) rose by 7.26%, with its stock priced at 245.4 HKD [1] Group 2 - Nexperia (01316.HK) saw an increase of 4.39%, trading at 7.37 HKD [1] - Delta Electronics (00179.HK) gained 3.88%, with shares priced at 30.54 HKD [1]

Group 1 - Several intelligent driving concept stocks have risen, with Minth Group (00425) up 12.95% to HKD 38.56, Baidu Carlink (02889) up 7.26% to HKD 245.4, Nexperia (01316) up 4.39% to HKD 7.37, and Delta Electronics (00179) up 3.88% to HKD 30.54 [1] - On January 7, three departments jointly issued the "Shanghai High-Level Autonomous Driving Leading Area 'Mosu Zhixing' Action Plan," aiming to accelerate the transformation of intelligent connected technology innovation into industrial competitiveness, which is expected to promote the commercialization of high-level autonomous driving in Shanghai from demonstration to scale [1] - The Guangdong Provincial Government has issued several policy measures to empower high-quality development of transportation through artificial intelligence [1] Group 2 - Ping An Securities believes that the application of autonomous driving technology is moving towards mass production, although the current operating conditions for approved L3 models still have many restrictions [1] - The approval of L3 model access indicates progress in technology and policy for intelligent driving, laying the foundation for the subsequent commercialization process of intelligent driving [1] - The commercial closed loop of intelligent driving is expected to accelerate further by 2026 [1]

（文章来源：每日经济新闻） 每经AI快讯，博泰车联(02889.HK)涨超8%，高见249.6港元创上市新高。截至发稿，涨8.39%，报248港 元，成交额983.85万港元。 ...

Core Viewpoint - The stock of Botai Carlink (02889) has risen over 8%, reaching a new high of 249.6 HKD since its listing, indicating strong market interest and performance [1] Group 1: Company Performance - As of the latest report, Botai Carlink's stock is up 8.39%, trading at 248 HKD with a transaction volume of 9.8385 million HKD [1] - The company has secured four significant projects since its listing in September 2025, including high-end cockpit domain control projects for major domestic and global automotive brands [1] Group 2: Market Position and Strategy - According to Everbright Securities, Botai Carlink ranks third in the domestic cockpit domain control market share for 2024, having successfully integrated into the core supply chain of leading new energy vehicle manufacturers [1] - The company collaborates closely with major industry players like Qualcomm and Huawei, leveraging its "soft and hard integration" advantage to achieve high revenue growth and potential PS valuation premium [1] - Botai Carlink aims to penetrate the overseas OEM supply chain through international clients such as Porsche, with overseas revenue expected to become a second growth curve [1]

Core Viewpoint - Botai Carlink (02889) has seen a significant increase in stock price, rising over 8% to reach a new high of 249.6 HKD, indicating strong market interest and investor confidence in the company's growth potential [1] Group 1: Company Overview - Botai Carlink is a leading supplier of intelligent cockpit solutions, serving over 50 brands in the industry [1] - Since its listing in September 2025, the company has secured four key projects, including high-end cockpit domain control projects for major domestic and global automotive brands [1] Group 2: Market Position and Partnerships - According to Everbright Securities, the company ranks third in the domestic cockpit domain control market share for 2024 and has successfully integrated into the core supply chain of leading new energy vehicle manufacturers [1] - The company collaborates closely with major players such as Qualcomm and Huawei, leveraging its "soft and hard integration" advantage to achieve high revenue growth and potential valuation premiums [1] Group 3: Growth Potential - Botai Carlink is expected to expand its market share due to its technological and ecological advantages, with international clients like Porsche potentially opening up new revenue streams in the overseas OEM supply chain [1] - The company possesses a certain level of scarcity and premium space in the market, indicating strong investment potential [1]

Group 1 - The company is a leading provider of intelligent cockpit solutions, having successfully transitioned from a focus on vehicle networking systems to integrated software, hardware, and cloud services for intelligent cockpit solutions since 2018 [2][14] - The company has established six R&D centers and three manufacturing bases, serving over 50 automotive brands, with Li Auto emerging as a core customer driving rapid revenue growth since 2024 [2][25] Group 2 - The penetration rate of intelligent cockpits in domestic and global passenger vehicles is steadily increasing, with projections indicating a rise in China's market penetration from 35.3% in 2019 to 75.9% by 2025, and globally from 38.4% to 59.4% [3][49] - The market size for intelligent cockpit solutions in China is expected to grow from 129 billion RMB in 2024 to 299.5 billion RMB by 2029, reflecting a compound annual growth rate (CAGR) of 18.4% [3][50] Group 3 - The company has deepened its collaboration with Qualcomm and Huawei, enhancing its competitive edge in high-end domain controllers, with significant projects secured since the launch of its high-end products in September 2025 [4][60][73] - The proportion of high-end domain control products has increased significantly, with shipments rising from 1.2 million units in January 2023 to 136,000 units in May 2025, and average product prices increasing from 989.56 RMB to 2,255.15 RMB [60][70] Group 4 - Revenue forecasts indicate substantial growth, with expected total revenues of 3.458 billion RMB in 2025, 5.452 billion RMB in 2026, and 7.839 billion RMB in 2027, driven by high-end domain control product orders [6][75] - The company anticipates a steady increase in gross margins, projecting overall gross margins of 16.19% in 2025, 19.13% in 2026, and 25.90% in 2027, supported by the rising share of high-end products [6][75]

Group 1 - The company is a leading provider of intelligent cockpit solutions, focusing on integrated software, hardware, and cloud services since 2018, establishing a strong position in the industry [1] - The company has established 6 R&D centers and 3 manufacturing bases, serving over 50 brands, with Li Auto being a core customer driving revenue growth since 2024 [1] - The penetration rate of intelligent cockpits in domestic and global passenger vehicles is steadily increasing, with projections showing China's market penetration rising from 35.3% in 2019 to 75.9% by 2025, and global penetration increasing from 38.4% to 59.4% in the same period [1] Group 2 - The company benefits from Qualcomm's leading position in the intelligent cockpit chip industry and Huawei's rapidly improving status, enhancing its market position [2] - The collaboration with Qualcomm has expanded to develop a new generation of intelligent cockpit solutions using the Snapdragon cockpit platform, while the partnership with Huawei has deepened since 2018 [2] - The company's core technology stack, including QiangOS, QiangCore, and QiangCloud, supports the scalability and customization of its intelligent cockpit solutions [2] Group 3 - Revenue growth is expected to come from the continuous increase in orders for high-end domain control products, with forecasts estimating total revenue of 3.458 billion yuan, 5.452 billion yuan, and 7.839 billion yuan for 2025-2027 [2] - The company is projected to turn a profit with net income estimates of -201 million yuan, 10 million yuan, and 1.002 billion yuan for the same years [2] - The company is recognized as a leader in the domestic intelligent cockpit domain control industry, with expectations for stable growth in high-end domain control product sales and improving profitability [2]

Core Insights - The company is a leading provider of intelligent cockpit solutions, focusing on integrated software, hardware, and cloud services since 2018, establishing a strong position in the industry [1] - The penetration rate of intelligent cockpits in both domestic and global passenger vehicles is steadily increasing, with projections indicating significant growth in market size by 2029 [1] - The company benefits from partnerships with Qualcomm and Huawei, enhancing its market position and technological capabilities [2] Group 1 - The company was founded in 2009 and initially focused on vehicle networking systems, later shifting to intelligent cockpit solutions [1] - The company has established six R&D centers and three manufacturing bases, serving over 50 brands, with Li Auto being a key client driving revenue growth [1] - The domestic market penetration rate for intelligent cockpits is expected to rise from 35.3% in 2019 to 75.9% by 2025, while the global rate is projected to increase from 38.4% to 59.4% in the same period [1] Group 2 - The collaboration with Qualcomm aims to develop a new generation of intelligent cockpit solutions using the Snapdragon cockpit platform [2] - The partnership with Huawei has deepened since 2018, with plans for collaboration on intelligent vehicle control modules by 2025 [2] - The company's core technology stack, including 擎OS, 擎Core, and 擎Cloud, supports the scalability and customization of its intelligent cockpit solutions [2] Group 3 - Revenue growth is expected to be driven by the increasing orders for high-end domain control products, with forecasts for total revenue and net profit from 2025 to 2027 indicating a positive trend [2] - The company is positioned as a leader in the domestic intelligent cockpit domain control industry, with expectations for stable growth in high-end product ratios and improving profitability [2]

（註2） H股╱內資股 （註4） 的登記持有人， PATEO CONNECT Technology (Shanghai) Corporation 博 泰 車 聯 網 科 技 ( 上 海 ) 股 份 有 限 公 司 （ 於 中 華 人 民 共 和 國 成 立 的 股 份 有 限 公 司 ） （股份代號：2889） 臨時股東會之代理人委任表格 與本代理人委任表格有關之 H股╱內資股數目 （註2） 本人╱吾等 （註3） ， 地址為 （註3） 為博泰車聯網科技（上海）股份有限公司（「本公司」） 股 ， 茲委任臨時股東會主席或 （註5） ， 地址為 ， 作為本人╱吾等 （註4） 之代理人，代表本人╱吾等 （註4） 出席本公司於2026年1月29日（星期四）上午10時正假座中國上海市虹口區東長治路 866號3701室本公司會議室舉行的本公司臨時股東會（「臨時股東會」）（及其任何續會），並按下列指示於該大會（及其任何續會）上就決議 案進行投票，如果代理人委任表格內並無作出任何指示，則本人╱吾等之代理人 （註4） 自行酌情投票。 | | 普通決議案 | （註6） 累積投票 | | | --- | --- | --- | -- ...