Tesla(US:TSLA) Zheng Quan Shi Bao Wang·2025-03-03 23:56Core Viewpoint - Tesla's Full Self-Driving (FSD) feature is being introduced in China, but it is perceived as a limited version compared to its North American counterpart, focusing primarily on urban driving assistance rather than full autonomy [1][2][3] Group 1: FSD Launch in China - Tesla announced the phased rollout of FSD to Chinese customers starting February 25, 2024, with the software version 2024.45.32.12 [2] - The update includes features like traffic signal recognition, autonomous lane changes, and intersection recognition, but is limited to users who paid 64,000 yuan for the FSD package and own vehicles equipped with HW4.0 hardware [2][3] - The limited rollout means that less than 10,000 users will experience the new features, leaving over 90% of Tesla owners unable to access them [2] Group 2: Market Reactions and Comparisons - The introduction of FSD has sparked significant interest and testing from various automotive companies and suppliers, with rental fees for test vehicles reaching 4,000 to 5,000 yuan per day [3] - Comparative tests between Tesla's Model Y and competitors like Li Auto's L7 and Aito's M9 revealed that Tesla's FSD required more manual interventions and had higher violation rates [3][4] - Issues identified include misjudgment of traffic rules and inadequate handling of complex road conditions, indicating a lack of localized training data [4] Group 3: Performance and Future Outlook - Despite some shortcomings, FSD's underlying technology is considered strong, with precise control and low latency, fostering user trust [4] - As FSD services expand in China, Tesla aims to leverage real-time video data to enhance system performance [4][5] - The introduction of FSD is expected to pressure domestic competitors to elevate their autonomous driving capabilities, potentially accelerating the penetration rate of advanced driving features in the Chinese market [5][6] Group 4: Competitive Landscape and Pricing Challenges - Domestic automakers are responding to Tesla's FSD entry by accelerating their own advanced driving systems, with companies like BYD and Chery planning to offer high-level driving features across a wider range of models at lower price points [6][7] - Tesla's high pricing for FSD may hinder its competitiveness in China, where consumers are less accustomed to paying for high-priced software [7] - Tesla's global vehicle sales in 2024 were reported at 1.7892 million units, a 1.1% decline year-over-year, raising concerns about the sustainability of its second growth curve through FSD if consumer adoption remains low [7]