今日投资参考：无人车有望翻倍以上增长 自动驾驶商业化落地加速

Market Overview - On April 4, major stock indices experienced fluctuations, with the Shenzhen Component Index and ChiNext Index showing strength. The Shanghai Composite Index rose by 0.42% to 3376.2 points, the Shenzhen Component Index increased by 0.87% to 10144.58 points, and the ChiNext Index gained 1.11% to 2024.93 points. The total trading volume across the Shanghai, Shenzhen, and Beijing markets reached 1.1776 trillion yuan [1] - Various sectors such as tourism, food and beverage, and textiles saw gains, while coal, non-ferrous metals, real estate, brokerage, and liquor sectors also rose. Active concepts included tobacco, gold, rare earths, and solid-state batteries [1] Investment Opportunities - The commercialization of Level 4 autonomous driving is accelerating, with Robotaxi benefiting from reduced vehicle costs and expanded operational areas, leading to improved single-vehicle gross margins. Autonomous driving technology is being applied in logistics, mining, and port operations, enhancing cost efficiency [2] - In light of these trends, the automotive smart technology supply chain is expected to accelerate R&D and product launches. Key investment themes include fleet operations, leading suppliers of smart driving components, and OEMs with advanced smart driving R&D [2] Autonomous Vehicle Growth - On May 27, Jiusi Intelligent launched its E-series unmanned logistics vehicle, reducing the unit price to 19,800 yuan, a significant drop from the previous model. The company also introduced a monthly subscription service for 1,800 yuan, 10% lower than the previous model's price [3] - According to estimates, the procurement of unmanned vehicles by major express companies is expected to more than double by 2025, with rental and franchise purchases being the primary methods. The expansion of unmanned vehicles will depend on road access and package density [3] Refrigerant Market - Refrigerant prices have continued to rise, with R32 quoted at 52,000 yuan per ton. The air conditioning sector is expected to maintain high production growth from May to July, with positive demand feedback. The export market is less impacted due to limited exposure to the U.S. and high overseas prices [4] - The long-term positive trend for refrigerants remains intact, with increased certainty in performance for related production companies as domestic and foreign prices align [4] Semiconductor Developments - Broadcom has begun delivering its next-generation Tomahawk 6 switch chip, which has seen strong customer demand. The Tomahawk 6 offers significant performance improvements and supports the deployment of million-XPU clusters [5] - The mass production of Tomahawk 6 is expected to drive rapid growth in demand for 1.6T optical modules and data center interconnects (DCI). The introduction of the co-packaged optics (CPO) version is anticipated to advance the maturity of CPO solutions [5] Beverage Industry Innovations - As the beverage peak season approaches, companies are innovating to meet diverse consumer demands for emotional value, cost-effectiveness, and health. New products include large-format tea drinks and plant-based health beverages [6][7] - The beverage sector is expected to see increased attention on beer, soft drinks, and snacks as the peak season approaches [7] Urban Development Initiatives - The central government plans to support 20 cities in implementing urban renewal actions as part of the 2025 fiscal plan, aiming to enhance urban infrastructure and living conditions [8] - The National Development and Reform Commission and the National Energy Administration have issued guidelines to improve the electricity service environment, aiming for a modernized power supply system by 2029 [8][9] HPV Vaccine Approval - The first domestically produced nine-valent HPV vaccine has been approved for market release in China, marking a significant milestone in the country's capability to independently supply high-value HPV vaccines [10]