SAIC MOTOR(SH:600104) Zheng Quan Ri Bao Wang·2025-09-30 06:45Core Insights - The launch of the 2026 model of the SAIC Volkswagen Pro family marks a significant advancement in the intelligent capabilities of fuel vehicles, challenging the perception that fuel cars cannot be smart [1][5] - The collaboration between SAIC Volkswagen and Zhuoyue Technology over the past seven years has focused on overcoming the fundamental challenges of fuel vehicle intelligence [2] Group 1: Technological Advancements - The Pro family 2026 model features the IQ.Pilot enhanced driving assistance system, which transitions from a "rule-based driving mode" to an "end-to-end mode," allowing for a more human-like decision-making process [2] - The system utilizes an 800 million pixel inertial navigation dual-camera to create a 360° perception system, improving static obstacle monitoring accuracy by 30% and enhancing the smoothness of high-speed lane changes and autonomous ramp access [2] - Unique challenges for fuel vehicle intelligence include heat dissipation issues due to the lack of a water cooling system, compatibility limitations of traditional electronic and electrical (EE) architecture, and hardware stability requirements in vibrating environments [2] Group 2: Market Position and Strategy - In the first half of this year, SAIC Volkswagen's market share for fuel vehicles rose to nearly 9%, maintaining the top position among single brands, with the Pro family contributing 10% to total sales [3] - The company aims to optimize costs by leveraging scale effects and technical route optimization, making advanced driving assistance features available in the 150,000 to 250,000 RMB range for fuel vehicles [3] - The Pro family is positioned to enhance the intelligent performance of fuel vehicles while also rapidly advancing in the new energy sector, with plans to launch 8-9 new models in 2026 that will feature L2++ level driving assistance [4] Group 3: Future Outlook - The 2.0 system currently cannot be upgraded for 1.0 system users due to hardware iterations, but future upgrades are planned [4] - The company emphasizes that it will not abandon the fuel vehicle market, as fuel vehicles still account for over 55% of domestic car sales, aiming for a dual leadership in both fuel and electric vehicles [4] - The launch of the 2026 Pro family signifies a shift in consumer standards for fuel vehicles, where "intelligent performance" will become a core consideration alongside traditional factors like engine and chassis [5]