长安汽车官方消息称，12月20日， 首块L3级自动驾驶专用正式号牌"渝AD0001Z"在重庆诞生， 由重庆市公安局交通管理总队正式授予长安汽 车，标志着长安汽车开启L3级自动驾驶时代。 7x24h电报 头条新闻 VIP资讯 实时盯盘 下载财联社APP获取更多资讯 准确 快速 权威 专业 ...

Core Viewpoint - The approval of L3 autonomous driving vehicles in China marks a significant step towards the commercialization of intelligent connected vehicles, with Longan Automobile leading the way in this new era [4][8]. Group 1: L3 Autonomous Driving Milestones - The first L3 autonomous driving dedicated license plate "渝AD0001Z" was issued to Longan Automobile in Chongqing, indicating the start of L3 autonomous driving in China [4][3]. - The Ministry of Industry and Information Technology (MIIT) announced the first batch of L3 autonomous vehicle approvals, allowing Longan Deep Blue SL03 and Arcfox Alpha S6 to conduct pilot tests in designated areas [5][8]. - Longan Automobile has conducted over 5 million kilometers of testing on its L3 autonomous driving system in complex environments [4][6]. Group 2: Market Reactions and Stock Performance - On December 19, stocks related to autonomous driving surged, with over ten companies, including Zhejiang Shibao and Luochang Technology, experiencing significant gains [2]. - Analysts suggest that the approval of L3 vehicles will accelerate the restructuring of the intelligent driving industry and create investment opportunities in key areas such as intelligent vehicles and control systems [8][9]. Group 3: Future Outlook and Industry Implications - Longan Automobile plans to begin pilot applications with its L3 vehicles in early 2026, targeting both B-end and C-end users as regulations evolve [6][9]. - The approval process for L3 vehicles involves strict safety requirements, which may lead to a gradual expansion of L3 autonomous driving across more cities and vehicle models [9]. - The development of L3 autonomous driving is expected to drive demand for new components and technologies, benefiting various segments of the automotive supply chain [9].

Core Viewpoint - Changan Automobile's recent capital actions are not merely for financing but represent a systematic and forward-looking strategic restructuring aimed at seizing future opportunities in a rapidly changing automotive industry [2][4]. Group 1: Capital Actions - Changan Automobile's capital layout consists of three distinct actions: the independent listing of its high-end brand Avita Technology, the capital increase for its core subsidiary Deep Blue Automotive, and the significant investment in its intelligent technology arm, Changan Technology [4][5]. - Avita Technology submitted its listing application to the Hong Kong Stock Exchange, with revenue projected to rise from 28 million in 2022 to 15.195 billion in 2024, despite a cumulative loss nearing 10 billion [4]. - The capital increase for Deep Blue Automotive aims to secure its competitive position, with Changan planning to invest up to 3.122 billion, including intangible assets valued at 1.043 billion [4][5]. Group 2: Strategic Timing - The timing of these capital moves is closely related to the intense competition in the Chinese automotive market and the need for Changan to align with its development pace [7]. - The current market environment, characterized by price wars and declining profit margins, necessitates a robust financial buffer, particularly for Deep Blue Automotive, which is projected to have a revenue of 37.225 billion in 2024 but a net loss of 1.572 billion [7][8]. - Changan's capital operations are seen as a preparation for the new competitive cycle in the automotive industry, coinciding with the establishment anniversary of China Changan Automobile Group and the conclusion of the 14th Five-Year Plan [7][8]. Group 3: Future Capital Strategy - Changan Automobile's capital strategy is expected to evolve towards more sophisticated ecological operations along asset, liability, and equity lines [10][11]. - The company may explore "technology assetization" and "asset securitization," potentially packaging core technology patents for licensing to subsidiaries, thereby enhancing profitability and operational efficiency [11]. - Future plans may include optimizing capital structure and attracting diverse strategic investors to build industry alliances, with the possibility of further splitting off software subsidiaries for independent financing [11][12]. Group 4: Transformation and Challenges - Changan Automobile's capital strategy signifies a shift from traditional financing to a model that connects technology and defines ecosystems, moving valuation metrics from vehicle sales to technology licensing and ecological services [12]. - The company faces challenges in demonstrating the unique value and profitability prospects of Avita Technology's "CHN" model amidst significant losses, while also ensuring Deep Blue Automotive achieves a balanced financial position [12]. - This transformation within a state-owned enterprise not only impacts Changan's future but also serves as a case study for the broader Chinese automotive industry navigating its own transition [12].

Core Viewpoint - The first L3 level autonomous driving special license plate "渝AD0001Z" has been officially issued to Changan Automobile by the Chongqing Municipal Public Security Bureau Traffic Management Division, marking a significant milestone in China's autonomous vehicle development [1][4]. Group 1 - The Chongqing Municipal Public Security Bureau actively coordinated and provided comprehensive services to assist Changan Automobile in becoming one of the first companies to obtain the L3 level autonomous driving vehicle access permit from the Ministry of Industry and Information Technology [3][6]. - The special license plate "渝AD0001Z" will be first installed on Deep Blue automotive products, with Chongqing Changan Car Networking Technology Co., Ltd. as the operating entity [3][6]. - The approved routes for trial operation include major thoroughfares in Chongqing, characterized by heavy traffic, frequent merging and diverging, high accident rates, and complex road conditions, which will serve as an ideal testing ground for Changan's L3 level autonomous driving system [3][6]. Group 2 - Changan's L3 level autonomous driving system has undergone real-world testing on Chongqing's roads, accumulating over 5 million kilometers, with 191 types of testing scenarios, exceeding national standards by tenfold [3][6]. - The extreme scenario proportion is 36%, and the scenario elements exceed national standards by 49%, maintaining a record of zero accidents and zero violations throughout the testing process [3][6].

Core Viewpoint - Changan Automobile is undertaking a series of strategic capital moves to enhance its competitive position in the rapidly evolving automotive industry, particularly in the context of electric vehicles and smart technology [2][5][6]. Group 1: Capital Actions - Changan Automobile's recent capital actions include the independent listing of its high-end brand Avita Technology, which submitted its IPO application to the Hong Kong Stock Exchange on November 27, 2023, aiming for independent market valuation [3]. - The company plans to raise approximately 61.22 billion yuan through capital expansion for its subsidiary Deep Blue Automotive, with Changan itself contributing up to 31.22 billion yuan to maintain its controlling stake [3][4]. - Changan Technology, a wholly-owned subsidiary, is also set to raise 30 billion yuan to bolster its smart technology initiatives, with significant contributions from its major shareholders [4][6]. Group 2: Financial Performance and Market Context - Avita Technology's revenue is projected to soar from 28 million yuan in 2022 to 15.195 billion yuan in 2024, despite accumulating losses nearing 10 billion yuan [3]. - Deep Blue Automotive is expected to generate 37.225 billion yuan in revenue for 2024 but is facing a net loss of 1.572 billion yuan, indicating financial challenges amid intense competition [4]. - The automotive industry is experiencing a shift from growth to endurance, with price wars impacting overall profit margins, necessitating substantial capital reserves for companies like Deep Blue Automotive [5]. Group 3: Strategic Intentions - Changan Automobile's capital operations are seen as a proactive measure to prepare for a new competitive cycle in the automotive industry, coinciding with the 2025 milestone marking the establishment of the China Changan Automobile Group [5][6]. - The company aims to transform its business model from traditional manufacturing to a more diversified structure with independent competitive units, focusing on technology and service as core assets [6][8]. - Future capital strategies may include asset securitization and the introduction of strategic investors to enhance resource integration and market positioning [7][8].

Core Viewpoint - The issuance of the first L3-level autonomous driving license plate "渝AD0001Z" in Chongqing marks a significant milestone for Changan Automobile, indicating the start of the L3 autonomous driving era in China [2] Group 1: L3 Autonomous Driving Development - Changan Automobile has completed over 5 million kilometers of real-road testing for its L3 autonomous driving system in Chongqing [2] - The L3 autonomous driving license plate will be first installed on Changan's Deep Blue vehicle products, allowing for trial operations on specific roads in Chongqing [2] - The Ministry of Industry and Information Technology has approved the first batch of L3 autonomous driving models, including Changan's Deep Blue SL03, for trial operations in designated areas [3] Group 2: Safety and Technology - Changan emphasizes safety and quality as its lifeline, equipping its approved models with industry-leading 4D imaging millimeter-wave radar, which can replace laser radar in certain scenarios [4] - The TJP system significantly reduces the computational requirements of the NPU through continuous optimization of hardware and algorithms, while distributed perception computing minimizes resource consumption [4] - During the approval period, the TJP system has been activated for over 150,000 kilometers without any accidents or violations [4] Group 3: Future Plans - Changan plans to conduct road trial applications with its partner, Changan Car Union Technology, in the first quarter of 2026 [4] - Following the formal implementation of relevant national regulations and policies, Changan will begin product approvals and market launches aimed at end-users [4]

Core Viewpoint - The emergence of China's first L3 autonomous driving license plate marks a significant step towards the commercialization of L3 autonomous driving technology, with Changan Automobile leading the way in this development [2][3][4]. Group 1: L3 Autonomous Driving License and Models - The first L3 autonomous driving license plate "渝AD0001Z" was awarded to Changan Automobile in Chongqing, indicating the start of the L3 autonomous driving era in China [2][3]. - The Ministry of Industry and Information Technology (MIIT) has approved the first batch of L3 autonomous driving models, including Changan's Deep Blue SL03 and Arcfox Alpha S6, for trial operations in designated areas of Beijing and Chongqing [4][5]. - Changan's L3 autonomous driving system has undergone over 5 million kilometers of testing on complex roads in Chongqing, demonstrating its readiness for commercial application [3][5]. Group 2: Market Impact and Future Prospects - Following the announcement of L3 autonomous driving approvals, related stocks surged, with multiple companies seeing significant gains in the stock market [2]. - Analysts believe that the approval of L3 models signifies a new phase in the mass production and application of intelligent connected vehicles in China, potentially leading to a restructuring of the autonomous driving industry [6][7]. - The gradual implementation of L3 autonomous driving is expected to expand from B-end (business) to C-end (consumer) markets, with increasing opportunities for component suppliers and testing institutions [7].

Core Viewpoint - The emergence of China's first L3 autonomous driving license plate marks a significant step towards the commercialization of L3 autonomous driving technology, with Changan Automobile leading the way in this development [1][2]. Group 1: L3 Autonomous Driving License and Models - On December 20, the first L3 autonomous driving license plate "渝AD0001Z" was awarded to Changan Automobile in Chongqing, indicating the start of the L3 autonomous driving era in China [2]. - The Ministry of Industry and Information Technology (MIIT) announced the first batch of L3 autonomous vehicle approvals on December 15, allowing Changan's Deep Blue SL03 and Arcfox Alpha S6 to conduct pilot tests in designated areas of Beijing and Chongqing [3]. - Changan's L3 autonomous driving system has undergone over 5 million kilometers of testing on complex roads in Chongqing, with the license plate to be installed on Deep Blue vehicles for pilot operations [2][4]. Group 2: Industry Implications and Future Outlook - Longjiang Securities stated that China has become the second country after Germany to officially permit L3 autonomous driving, indicating a new phase of mass production and application for intelligent connected vehicles [5]. - The approval of L3 models is expected to accelerate the development of a regulatory framework and standards for intelligent connected vehicles, enhancing the commercialization of autonomous driving technology [5][6]. - The gradual commercialization of L3 autonomous driving is anticipated to create opportunities for incremental components, with a focus on technologies such as detection systems and driving assistance data recording systems [6].

交巡警总队授牌 12月20日，一张印有"渝AD0001Z"字样的号牌在重庆正式发出。 这张由重庆市公安局交通管理总队授予长安汽车的号牌的意义远超出了行政许可本身。它是首块L3级 自动驾驶专用正式号牌，也意味着，中国智能网联汽车正在剥离模糊的营销话术，正式迈入权责分明的 合规商用时代。 长期以来，自动驾驶行业在L2与L3的界限上始终处于一种微妙的试探期。此次长安汽车获得正式号 牌，并在深蓝汽车上率先落地，实质上是撕开了L3级自动驾驶从技术验证向规模化量产突围的口子。 直到2025 年底，工信部在 12 月 15 日正式对外公布首批 L3 级有条件自动驾驶车型准入许可，长安深蓝 SL03 和北汽极狐阿尔法 S等车型都拿到了正式的入场券。 长安这块"渝AD0001Z"，本质上是把纸面上的准入许可继续向前推进了一步，从工信部的产品准入，走 到了公安交管部门颁发的正式号牌。这意味着：监管链条从工信部扩展到公安、交通等多部门协同，对 车企来说，这也是从迈进"规则游戏"的新起点。 为何是长安？为什么落在重庆？ 那么这块号牌为什么落在重庆、落在长安？ 一头是有"8D 魔幻立体交通"的山城，一头是深耕重庆多年的老牌主机厂。双方 ...

Core Insights - Changan Automobile has officially received the first L3 autonomous driving special license plate "渝AD0001Z" in Chongqing, marking the company's leadership in the L3 autonomous driving era [3] - The L3 autonomous driving system has undergone extensive testing, accumulating over 5 million kilometers on complex real-world roads in Chongqing, with a record of zero accidents and violations [3] Group 1 - The L3 autonomous driving vehicle is authorized to operate on major roadways in Chongqing, including the inner ring expressway and the new inner ring expressway, which are characterized by heavy traffic and complex conditions [4] - Changan has developed its intelligent technology system since 2009, with seven generations of technological iterations focused on safety [3] - The company began developing driving assistance capabilities in 2014 and initiated L3 autonomous driving research in 2017, achieving significant milestones in product testing and safety assessments [3] Group 2 - The testing scenarios for the L3 system include 191 types of elements, exceeding national standards by ten times, with extreme scenarios accounting for 36% of the tests [3] - The successful issuance of the L3 license plate is a result of Changan's rigorous testing and development process, which includes a solid foundation established by obtaining product access permits [3]