Zhi Tong Cai Jing·2025-06-05 06:44Group 1: Automotive Sector Insights - The current trend in the automotive sector is the industrialization of L4 autonomous driving, which is becoming a clear industry trend [1] - The passenger vehicle segment is experiencing relatively flat terminal insurance sales data, with automakers increasing promotional efforts to support performance expectations and new vehicle forecasts [1] - New vehicle launches and exports are expected to provide structural growth opportunities within the automotive sector, indicating potential for upward revisions in expectations [1] Group 2: Autonomous Driving Developments - Tesla plans to launch a paid full self-driving service in Austin, Texas, in June, with plans to expand to other cities by the end of the year, while preparing for a regulated full self-driving launch in Europe [2] - Companies like Pony.ai and WeRide are expanding their partnerships with Uber, accelerating the rollout of Robotaxi services globally [2] - The L4 technology has been at a low expectation point for a long time, but the capital market is quickly catching up with industry advancements, indicating potential for a new upward momentum in the sector [2] Group 3: Robotics Sector Analysis - The robotics sector has experienced a volatile market recently, with high expectations making further upward adjustments challenging, leading to a phase of validating individual stock performances [3] - Industry benchmark manufacturers have begun releasing initial large-scale procurement orders, with market focus shifting to mid-term prototype iterations and larger-scale production to validate industry trends [3] - Recommendations for investment include companies like BYD, Geely, and Xiamen King Long, as well as components suppliers such as Desay SV and Bertel [3]