LI AUTO(US:LI) Di Yi Cai Jing·2025-07-30 08:16Group 1: Industry Overview - The Yangtze River Delta region has formed a "4-hour industrial circle" for the new energy vehicle (NEV) industry, accounting for 40% of China's NEV production and over 25% globally [1] - Leading companies like Tesla, Li Auto, and BYD are driving the transition from electrification to intelligentization in the NEV sector [1] Group 2: Intelligent Driving Technology - By 2025, "smart driving equity" is expected to become a key industry term, with intelligent driving technology penetrating the mainstream market priced between 100,000 to 200,000 yuan [2] - China's L2-level driving assistance penetration rate has exceeded 50%, the highest globally, with significant growth projected in the advanced driving assistance market [2][3] Group 3: Technological Advancements - Horizon Robotics has achieved a market share of 33.97% in L2 driving assistance solutions, indicating that one in three smart vehicles is equipped with their technology [2] - The company emphasizes the importance of balancing cost and computational performance, focusing on enhancing chip efficiency rather than merely increasing computational power [3] Group 4: Supply Chain and Localization - Li Auto is accelerating its supply chain localization strategy, with significant components like silicon carbide power modules and electric drive systems being produced in close proximity to its manufacturing base in Changzhou [7] - The collaboration between Li Auto and its suppliers, such as CATL and Horizon Robotics, is characterized by a tight integration that enhances development speed and quality [7][10] Group 5: Product Development and Innovation - Li Auto's new energy vehicles, such as the Li ONE and the recently launched Li i8, showcase advancements in battery technology, achieving rapid charging capabilities [8][9] - The company has established a collaborative model with suppliers, focusing on co-creation and mutual empowerment to enhance product quality and innovation [10][11]