Qian Zhan Wang·2025-11-28 11:26Core Insights - The CEO of Li Auto, Li Xiang, stated that the most valuable products in the next decade will be cars with autonomous and proactive capabilities, defining the ultimate form of cars as "embodied intelligent products" or automotive robots [2] - The smart connected vehicle sector has become the core track for the global automotive industry's transformation, integrating cutting-edge technologies such as AI, 5G, big data, and cloud computing, and driving a complete industry chain reconstruction [2] - The market penetration rate of L2-level vehicles in China's passenger car market has increased from 23.5% in 2021 to 42.4% in the first half of 2023, indicating a shift from technology validation to large-scale commercialization [3] Industry Overview - The focus of technological innovation in China's new energy vehicle industry is accelerating towards emerging technologies such as AI, autonomous driving, vehicle networking, and cloud computing [4] - Emerging electric vehicle manufacturers like Li Auto, Tesla, BYD, NIO, and Xpeng are continuously innovating in the smart connected vehicle field, offering high-performance and intelligent electric vehicles [7] - The market size of China's smart connected vehicle industry reached 958.3 billion yuan in 2023, with optimistic expectations for significant growth driven by technology and policy support, potentially exceeding 2 trillion yuan by 2029 [12][13]