每经评论员裴健如 如果试点成功，这将不单是两家企业的事，其核心价值在于积累可复制的经验，推动技术与市场深度融 合。要实现试点效果最大化，需聚焦三个关键方向。 一是场景扩面要循序渐进。当前北京、重庆的试点路段覆盖了高速、城市快速路等核心场景，但需逐步 扩大试点区域与场景类型，从单一车道向多车道、从晴天工况向复杂天气、从封闭路段向半开放路段延 伸，形成覆盖不同地理环境和交通状况的试点网络。 二是数据积累要规范高效。试点车辆需全面记录系统决策、传感器反馈、驾驶员操作等全流程数据，建 立统一的场景数据库和事故追溯机制。通过百万公里级的真实路况数据训练，持续优化算法对车辆加 塞、行人横穿等交通场景的应对能力，为后续技术迭代和法规调整提供坚实支撑。 12月15日，工信部宣布近期许可两款L3级自动驾驶车型产品，将在指定区域内开展上路通行试点。两 款车型分别是长安牌SC7000AAARBEV型纯电动轿车和极狐牌BJ7001A61NBEV型纯电动轿车。 这不仅是中国自动驾驶发展史上的一个重要节点，也标志着我国智能网联汽车正式从"技术验证"迈 向"量产应用"的新阶段。 在我国汽车产业已在电动化领域确立领先优势的背景下，智能化正成 ...

Core Viewpoint - The Ministry of Industry and Information Technology (MIIT) of China has officially granted the first batch of L3 conditional autonomous driving vehicle permits to two models: Changan Automobile's Deep Blue SL03 and BAIC's Arcfox Alpha S, marking a significant step towards the commercialization of autonomous driving technology in China [1][2]. Group 1: Regulatory Developments - The MIIT has confirmed that both vehicle manufacturers have completed the required product testing and safety assessments, allowing them to conduct road trials in designated areas [1][2]. - This is the first formal establishment of "first movers" in the autonomous driving sector since the MIIT released the first batch of nine intelligent connected vehicle pilot programs last year [1][2]. - The L3 level of autonomous driving is defined as "conditionally automated driving," where the system can perform all dynamic driving tasks under specific conditions [3][4]. Group 2: Vehicle Specifications and Testing Areas - The Deep Blue SL03 is permitted to operate in congested traffic environments on single-lane highways and urban expressways at a maximum speed of 50 km/h, specifically in designated areas of Chongqing [4]. - The Arcfox Alpha S can operate on single-lane highways and urban expressways at a maximum speed of 80 km/h, with its functionality limited to specific routes in Beijing [4]. - The issuance of these permits follows a series of unified tests conducted by the MIIT and other departments, taking into account long-term testing data from various regions [8]. Group 3: Market Impact - Following the announcement of the L3 permits, stocks related to intelligent driving surged, with companies like Wanji Technology, Zhejiang Shibao, and Beiqi Blue Valley hitting their daily price limits [2]. - The MIIT's actions reflect a cautious yet supportive approach to advancing autonomous driving technology while ensuring safety standards are met [2][8]. Group 4: Future Outlook - The MIIT, along with other governmental departments, plans to expand the L3 autonomous driving pilot programs in terms of vehicle models and regions over the next year, aiming to clarify traffic safety responsibilities and establish entry thresholds for the industry [9]. - Industry experts emphasize the importance of creating a sustainable business model and ensuring safety as companies explore commercial opportunities in the autonomous driving sector [9].

Group 1 - Changan Automobile has appointed Zhao Fei as the new president after an 8-month vacancy, effective immediately [2] - Zhao Fei has a long history with Changan, having joined the company in 1996 and held various key positions, including Vice President of Changan Ford and Chairman of Changan Automobile Technology Group [3] - The company has undergone a significant transformation, becoming an independent central enterprise, which requires a shift in strategic management from a "follower" to a "leader" [4] Group 2 - In the first 11 months of the year, Changan's total sales reached 2.6582 million units, a year-on-year increase of 9.25%, with over 85% coming from its own brands [5] - The financial performance for the first three quarters of 2025 showed total revenue of 114.927 billion yuan and a net profit of 3.055 billion yuan [6] - However, the two major electric vehicle brands under Changan, Deep Blue and Avita, have not yet achieved profitability, with significant losses reported over the past three years [7]

此次试点选择高速公路、城市快速路等相对结构化场景，并限定车速与路段，体现了"审慎推进、安全为先"的监管智慧，也为技术迭代与法规完善留出了 缓冲空间。 如果试点成功，这将不单是两家企业的事，其核心价值在于积累可复制的经验，推动技术与市场深度融合。要实现试点效果最大化，需聚焦三个关键方 向。 一是场景扩面要循序渐进。当前北京、重庆的试点路段覆盖了高速、城市快速路等核心场景，但需逐步扩大试点区域与场景类型，从单一车道向多车道、 从晴天工况向复杂天气、从封闭路段向半开放路段延伸，形成覆盖不同地理环境和交通状况的试点网络。 每经编辑｜段炼 12月15日，工业和信息化部宣布近期许可两款L3级自动驾驶车型产品，将在指定区域内开展上路通行试点。两款车型分别是长安牌SC7000AAARBEV型 纯电动轿车和极狐牌BJ7001A61NBEV型纯电动轿车。 这不仅是中国自动驾驶发展史上的一个重要节点，也标志着我国智能网联汽车正式从"技术验证"迈向"量产应用"的新阶段。 在电动化取得领先优势的背景下，智能化正成为全球汽车产业竞争的新焦点。此次试点落地是对技术成熟度的验证，更是政策、产业与市场协同发力的成 果，将推动中国汽车产业在智能 ...

Core Viewpoint - The Ministry of Industry and Information Technology (MIIT) has approved the first batch of L3-level conditional autonomous driving vehicles for testing, indicating a shift in regulatory stance towards supporting innovation in the industry [5][6]. Group 1: Regulatory Developments - The MIIT's recent approval allows two brands, Changan and Arcfox, to test their L3 autonomous vehicles on specific routes, despite the L2 mandatory national standard not being fully implemented yet [11][12]. - The approval is seen as a reward for the industry's progress in L2 standards, suggesting that the MIIT is satisfied with the overall capabilities and maturity of the sector [11][15]. - The testing conditions for L3 vehicles are more stringent than those for L2, with speed limits set at 50 km/h in Chongqing and 80 km/h in Beijing, indicating a cautious approach to the rollout of L3 technology [18][19]. Group 2: Industry Implications - The approval of L3 testing is intended to encourage more car manufacturers to participate in standard-setting, as those involved in the process may gain a competitive advantage when L3 standards are fully established [11][22]. - The MIIT aims to maintain a balance between promoting innovation and ensuring safety, signaling that regulatory measures will not stifle development but will require adherence to established rules and safety protocols [22]. - The current testing framework is designed to solidify the testing processes and regulations, with a focus on enhancing brand trust and ensuring that companies are prepared for future regulatory requirements [20][22].

Group 1 - The ride-hailing concept sector increased by 0.89%, ranking second among concept sectors, with 16 stocks rising, including Baic Blue Valley and Jinjiang Online hitting the daily limit [1] - Notable gainers in the sector included Tongda Electric, Xiongdi Technology, and Dazhong Transportation, which rose by 7.01%, 7.00%, and 4.61% respectively [1] - The biggest decliners were Longzhou Co., Yinhui Technology, and Tianmai Technology, which fell by 9.97%, 4.06%, and 3.56% respectively [1] Group 2 - The ride-hailing sector saw a net inflow of 932 million yuan from main funds, with 13 stocks receiving net inflows, and 6 stocks exceeding 50 million yuan in net inflow [2] - Baic Blue Valley led the net inflow with 725 million yuan, followed by Jinjiang Online, Changan Automobile, and SAIC Motor with net inflows of 176 million yuan, 109 million yuan, and 96.88 million yuan respectively [2] - In terms of net inflow ratio, Jinjiang Online, Baic Blue Valley, and Tongda Electric had the highest ratios at 49.32%, 24.55%, and 13.68% respectively [2]

| 证券代码：000625(200625) | 证券简称：长安汽车（长安 B） | 公告编号：2025-82 | | --- | --- | --- | | 债券代码：148147.SZ | 债券简称：22 长安 K1 | | 重庆长安汽车股份有限公司 2022年面向专业投资者公开发行科技创新公司债券（第一期） 2025年付息公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 特别提示： 重庆长安汽车股份有限公司（以下简称"本公司"、"发行人"）2022 年面向专 业投资者公开发行科技创新公司债券（第一期）（债券简称：22 长安 K1；债券代码： 148147.SZ）（以下简称"本期债券"）将于 2025 年 12 月 22 日（因 2025 年 12 月 20 日为休息日，本次除息日顺延至 2025 年 12 月 22 日，顺延期间付息款项不另计利息） 支付 2024 年 12 月 20 日至 2025 年 12 月 19 日期间（以下简称"本年度"）的利息。 本期债券付息的债权登记日为 2025 年 12 月 19 日，凡在 2025 年 12 月 19 ...

12月15日，工业和信息化部宣布近期许可两款L3级自动驾驶车型产品，将在指定区域内开展上路通行 试点。两款车型分别是长安牌SC7000AAARBEV型纯电动轿车和极狐牌BJ7001A61NBEV型纯电动轿 车。 这不仅是中国自动驾驶发展史上的一个重要节点，也标志着我国智能网联汽车正式从"技术验证"迈 向"量产应用"的新阶段。 在电动化取得领先优势的背景下，智能化正成为全球汽车产业竞争的新焦点。此次试点落地是对技术成 熟度的验证，更是政策、产业与市场协同发力的成果，将推动中国汽车产业在智能化赛道实现质的跨 越。 一是场景扩面要循序渐进。当前北京、重庆的试点路段覆盖了高速、城市快速路等核心场景，但需逐步 扩大试点区域与场景类型，从单一车道向多车道、从晴天工况向复杂天气、从封闭路段向半开放路段延 伸，形成覆盖不同地理环境和交通状况的试点网络。 二是数据积累要规范高效。试点车辆需全面记录系统决策、传感器反馈、驾驶员操作等全流程数据，建 立统一的场景数据库和事故追溯机制。通过百万公里级的真实路况数据训练，持续优化算法对车辆加 塞、行人横穿等交通场景的应对能力，为后续技术迭代和法规调整提供坚实支撑。 三是用户培训要精准到 ...

Core Insights - The Ministry of Industry and Information Technology announced two L3 autonomous driving models: Changan SC7000AAARBEV and Arcfox BJ7001A61NBEV, corresponding to Changan Deep Blue SL03 and Arcfox Alpha S6 respectively [1] - L3 level autonomous driving is conditional, requiring the driver to maintain the ability to take over when necessary [1][2] Model Comparisons - Changan Deep Blue SL03 has limitations, operating only at speeds below 50 km/h and requiring a vehicle in front to follow, without the ability to change lanes [1] - Arcfox Alpha S6, developed in collaboration with Huawei and BAIC, can operate at speeds up to 80 km/h, does not require a vehicle in front, and can change lanes [1] User Experience - A recent video showcased the Arcfox Alpha S6's on-road experience, where the system prompts the driver to activate L3 autonomous driving, allowing the driver to completely remove their hands from the steering wheel while monitoring road conditions [2] - The system will issue a takeover alert when it exceeds its operational limits, requiring the driver to regain control [2]

日前，工信部公布我国首批L3级自动驾驶车型准入许可，长安汽车（000625）（000625）深蓝品牌乘用车作为唯二车 型入选。据了解，该车型获准在交通拥堵环境、高速公路和城市快速路单车道内等场景自动驾驶，最高时速为50公 里。 图/长安汽车获工信部首批L3级自动驾驶许可 来源：工信部网站 从重庆山城到全国道路，长安将以零事故、零风险、零违规、零误激活的"四个0"安全防线，让每段旅程都安心从容。 事实上，国际上将自动驾驶划分为5个级别，其中L3级即"有条件的自动驾驶"，要求车辆在特定场景下，可以由系统实 现自动驾驶，而当系统发出介入请求时，需要驾驶员能够做到及时接管车辆。更高级的L4级对应为"高度的自动驾 驶"，要求车辆在限定的区域内，可以实现无需人工干预的自动驾驶。最高级的L5级则是"完全的自动驾驶"，该级别车 辆可以无方向盘，适应任何环境下的自动驾驶。 全景网了解到，深蓝汽车是长安汽车乘用车三大品牌之一，是长安汽车新能源"香格里拉"战略的核心承载主体。当 前，长安汽车正筹划对深蓝汽车增资扩股，预计募资规模约61.22亿元。 对此公司表示，增资深蓝是基于公司战略及业务需要，资金将用于新汽车研发，智能化、电动化 ...