Zhong Guo Neng Yuan Wang·2025-05-29 06:39Core Insights - Nvidia is applying its AI models to autonomous vehicles, collaborating with Mercedes to launch a fleet using Nvidia's end-to-end autonomous driving technology this year [1][2] - Pony.ai plans to expand its Robotaxi fleet to 1,000 units by the end of 2025, with Q1 2025 revenue reaching 102 million yuan (approximately 13.98 million USD), a 12% year-on-year increase [2] - Baidu's "Luobo Kuaipao" service provided over 1.4 million rides in Q1 2025, a 75% year-on-year growth, with a total of over 11 million rides since inception [2] - WeRide reported Q1 2025 revenue of 72.44 million yuan, with Robotaxi revenue at 16.1 million yuan, accounting for 22.3% of total revenue, up 10.4 percentage points year-on-year [3] - Tesla plans to launch autonomous taxi services in Austin, Texas, by the end of June, starting with about 10 vehicles and potentially expanding to 1,000 if successful [3] Investment Highlights - The value and penetration of intelligent driving chips are expected to increase, benefiting companies like Horizon Robotics and Black Sesame [5] - There is still room for domestic replacement in the Tier 1 segment, with a focus on core products to deepen customer loyalty, highlighting companies like Desay SV and Jingwei Hirain [5] - High-level autonomous driving requires regulatory and testing support, marking a new phase for automotive technology services, with a focus on China Automotive Research [5] - The potential for high-level autonomous Robotaxi services is significant, with acceleration expected in 2025, particularly for companies like Pony.ai and WeRide [5]