智能汽车ETF（159889）涨超1.7%，行业景气度与政策利好共振

Group 1 - The article highlights the recovery of the third batch of "old-for-new" national subsidies in August, anticipating a strong automotive market in September and October, known as "Golden September and Silver October" [1] - Current tax exemption for new energy vehicles is 30,000 yuan, which will be adjusted to a 50% reduction (15,000 yuan) in 2026-2027, indicating a shift in government policy [1] - The article suggests that the automotive industry is experiencing a "de-involution" alongside a preemptive demand for new energy vehicles, benefiting strong new car cycles and high-end brands priced above 300,000 yuan [1] Group 2 - The L2 autonomous driving national standard is expected to be implemented soon, further strengthening industry trends under concentrated catalysts [1] - The commercial vehicle sector is seeing a recovery in domestic demand and an increase in overseas exports, leading to better-than-expected performance from leading companies in the first half of the year [1] - The L4 autonomous driving industry is approaching a turning point in costs and technology, with ongoing evolution in technology iterations, industry structure, and new business models [1] Group 3 - The Smart Car ETF (159889) tracks the CS Smart Car Index (930721), focusing on high-quality listed companies closely related to core technologies in smart driving and vehicle networking [2] - The index's component stock weight distribution is 31.0%, 20.6%, and 16.6%, covering core aspects of the smart car industry chain, including perception, decision-making, and execution layers [2] - The index systematically reflects the overall performance of listed companies in the smart car sector [2]