Group 1 - The smart driving concept stocks experienced a significant rise, with Zhejiang Shibao increasing by 10.02% to HKD 5.6, Pony.ai-W up by 8.26% to HKD 124.6, Youjia Innovation rising by 6.25% to HKD 15.63, and Hesai-W gaining 4% to HKD 182.1 [1] - Major breakthroughs in the smart driving sector have been reported both domestically and internationally, including the Ministry of Industry and Information Technology's announcement of the first batch of L3 conditional autonomous driving vehicle permits on December 15, which includes models from Changan and BAIC [1] - The first L3 autonomous driving dedicated license plate "渝AD0001Z" was issued in Chongqing on December 20, marking the beginning of the L3 autonomous driving era for Changan Automobile [1] Group 2 - According to Dongfang Securities, the L3 autonomous driving industry is expected to accelerate its progress by 2026 due to regulatory support and increasing market demand, benefiting related smart driving hardware and software suppliers [2] - Longcheng Securities noted that leading companies both domestically and internationally are making continuous breakthroughs in smart driving, indicating that the industry is entering a high-speed development phase [2] - As high-level smart driving technology becomes available in vehicles priced between 100,000 to 200,000 yuan, the equity in smart driving technology is expected to gradually be realized, with a positive outlook on investment opportunities in the smart driving industry chain [2]