GXED(SH:600617) Zhong Guo Xin Wen Wang·2025-12-12 04:51Core Insights - The 21st China (Changsha) International Auto Expo showcases the rapid advancement of intelligent technology in China's new energy vehicle (NEV) sector, with major automakers competing in the low-altitude smart transportation market [1][3] - By October 2025, the penetration rate of NEVs in China is expected to exceed 40%, with L2-level and above intelligent driving functions becoming increasingly common, driven by AI as a core engine for industry transformation [3] - The Chinese NEV industry is undergoing a significant transformation, focusing on electrification, intelligence, connectivity, and sharing, reshaping the global automotive landscape [3][4] Industry Developments - The exhibition highlights the integration of advanced intelligent technologies in NEVs, with features like millimeter-wave radar, laser radar, and intelligent driving assistance systems becoming standard in mid-range models [1] - The demand for smarter and safer NEVs is rising, with 90% of consumers willing to pay extra for advanced intelligent driving services, indicating a shift in consumer preferences [3] - The introduction of solid-state batteries is expected to significantly enhance the range of NEVs, while companies are also exploring low-altitude smart transportation solutions [3] Innovations in Flying Cars - The global debut of the first split-type flying car, "Land Carrier," has garnered attention, with plans for mass production in Guangzhou [4] - Chinese companies are focusing on developing flying cars that can operate in both ground and aerial environments, featuring capabilities such as electric flight, distributed drive, and vertical takeoff and landing [4] - The evolution of NEVs is transforming them from mere transportation tools into "evolving mobile intelligent spaces," leading the industry towards greener, smarter, and more premium offerings [4]