通信：“车路云一体化”多点开花：车路协同项目密集落地，智能网联提质增速

Investment Rating - The industry is rated as "stronger than the market" for the next 6-12 months, indicating expected performance above the benchmark index [14]. Core Insights - The "Vehicle-Road-Cloud Integration" projects are rapidly advancing across multiple cities, with significant investments such as the 17 billion yuan project in Wuhan, marking a shift towards large-scale implementation in the transportation information sector [5][6]. - The government has issued clear guidelines and support for the "Vehicle-Road-Cloud Integration" initiative, with pilot projects set to run from 2024 to 2026, focusing on smart roadside infrastructure and vehicle connectivity [6][9]. - A total of 17 national-level testing demonstration zones and 7 vehicle networking pilot areas have been established, with over 22,000 kilometers of open testing roads and more than 5,200 testing licenses issued by the end of 2023 [6][9]. Summary by Sections Project Developments - The Wuhan "Vehicle-Road-Cloud Integration" project has been approved with a budget of approximately 17 billion yuan, aiming to enhance smart road coverage and vehicle terminal installation rates [7]. - Other cities like Shenzhen, Nanjing, and Ordos are also initiating similar projects, indicating a nationwide trend towards smart transportation solutions [7][8]. Policy and Regulatory Framework - The Ministry of Industry and Information Technology, along with other departments, has established a list of nine vehicle manufacturers for pilot projects, including major companies like BYD and NIO, to enhance vehicle connectivity [9][10]. - A comprehensive guideline for the "Vehicle-Road-Cloud Integration" has been developed, emphasizing the need for unified standards and collaborative development across various sectors [10]. Investment Opportunities - Companies involved in the supply chain for smart transportation, including those providing communication modules, network equipment, and high-precision positioning systems, are expected to benefit significantly from these developments [5][6]. - Specific companies to watch include Wanji Technology, Jinyi Technology, and Qianfang Technology, which are engaged in the intelligent transportation infrastructure sector [5].