Ge Long Hui·2025-12-19 06:57Group 1 - The smart driving concept is gaining momentum, with significant stock price increases for companies like Zhejiang Shibao (over 11%) and XPeng Motors (over 7%), as well as ETFs related to the automotive sector in Hong Kong rising over 3% [1] - The Ministry of Industry and Information Technology has granted the first batch of L3 conditional autonomous driving vehicle permits in China, with Changan Automobile and BAIC Jihe being the first approved companies for specific road trials [1] - The approval of L3 autonomous driving vehicles marks a critical step from testing to commercial application in China, indicating a significant advancement in the industry [3] Group 2 - XPeng Motors has received an L3 autonomous driving road testing license in Guangzhou, initiating regular L3 road tests, leveraging its integrated software and hardware advantages [2] - The L3 level of autonomous driving allows the vehicle system to fully take over driving tasks under specific conditions, while the driver must remain alert and ready to take control [2] - The formal implementation of L3 autonomous driving regulations is expected to be a key catalyst for industry development in 2026, with several automakers already capable of producing L3 vehicles [2][3] Group 3 - Multiple automakers, including Changan, BYD, GAC, Dongfeng, SAIC, Geely, XPeng, and Li Auto, have made substantial progress in the L3 autonomous driving sector, with several models receiving road testing permits [3] - The launch of L3 testing permits for vehicles like GAC A800, which can operate at speeds of up to 120 km/h, signifies a major milestone in the commercialization of L3 technology [3] - The recent approvals for L3 vehicles indicate advancements in both technology and policy, laying the groundwork for the commercial progression of smart driving by 2026 [3]