XIAOMI(HK:01810) Di Yi Cai Jing·2025-09-21 02:21Core Viewpoint - The introduction of the mandatory L2 standard for advanced driver assistance systems (ADAS) is expected to significantly impact the automotive industry, serving as a "litmus test" for companies' intelligent driving capabilities [1][2]. Group 1: Regulatory Developments - On September 17, the Ministry of Industry and Information Technology released a draft of the "Safety Requirements for Intelligent Connected Vehicles' Combined Driving Assistance Systems" for public consultation [2]. - The L2 standard was catalyzed by the "3·29 Copper陵 Xiaomi SU7 explosion incident," which heightened discussions on the safety of ADAS and led to increased regulatory scrutiny [2][8]. Group 2: Testing Requirements - The L2 standard includes challenging test scenarios, such as detecting and responding to a 50 cm cardboard box obstacle, which relies heavily on high-performance lidar technology [1][8]. - The standard features various testing conditions, including day/night scenarios, different road types, and diverse obstacle types, which will raise the entry barrier for L2 capabilities [8][9]. Group 3: Industry Impact - The new L2 standard is expected to reshape the intelligent driving industry, as companies will need to demonstrate comprehensive capabilities rather than merely passing tests [9]. - Current market offerings, except for Huawei's models, are unlikely to meet the stringent requirements of the new standard, indicating a potential consolidation in the industry [1][8].