阿里养出个 200 亿超级独角兽：做汽车操作系统 年入 8 亿全国第一

Core Viewpoint - Alibaba is set to benefit from the upcoming IPO of Zhibo Network, a leading player in the automotive operating system sector, which has achieved a valuation exceeding 21 billion RMB by 2024 [2][3]. Company Overview - Zhibo Network has raised a total of 5 rounds of financing over the past 7 years, starting with 1.6 billion RMB and reaching a peak of 3 billion RMB in its highest round [4]. - The company is primarily focused on the intelligent cockpit industry, which is experiencing significant growth due to the integration of AI technologies [4]. - The intelligent cockpit market is projected to grow from a market share of approximately 15-20% in 2024 to 35-40% by 2030, indicating a strong trend towards AI integration [4][20]. Financial Performance - Zhibo Network's revenue from automotive operating systems accounted for 86.7% in 2022, 86.2% in 2023, and is expected to be 83.4% in 2024 [11]. - The company's revenue figures for 2022, 2023, and 2024 are approximately 805 million RMB, 872 million RMB, and 824 million RMB, respectively, showing a pattern of steady growth in recurring revenue [13]. Market Dynamics - The Chinese intelligent cockpit solution market is expected to grow from 129 billion RMB in 2024 to 327.4 billion RMB by 2030, with a compound annual growth rate (CAGR) of 16.8% [14]. - The software-based cockpit solutions market is projected to grow from 40.1 billion RMB in 2024 to 114.9 billion RMB by 2030, with a CAGR of 19.2% [14]. Competitive Landscape - Zhibo Network ranks first among the top five providers of intelligent cockpit software solutions in China, holding a market share of 7.8% in 2024 [18]. - Major competitors include Huawei, iFlytek, and Desay SV, with Zhibo Network distinguishing itself as one of the few fully self-developed automotive operating system providers in China [19][20]. Future Trends - The industry is moving towards advanced cognitive cockpits (CL3) and fully cognitive cockpits (CL4), with features such as proactive demand sensing and autonomous execution [15][16]. - By 2026, the penetration rate of intelligent cockpits with proactive capabilities is expected to rise from 10% in 2024 to 35%, becoming a mainstream configuration [21]. - Zhibo Network has partnered with Ele.me to launch the first in-car AI ordering application, indicating a trend towards creating a closed-loop car life experience [22].