“车路云”产业观察（5）：公路水路交通基础设施数字化转型升级示范区域名单公布，城市车路云一体化快速推进

Investment Rating - The report does not explicitly state an investment rating for the industry, but it highlights significant investment activities and opportunities in the "Vehicle-Road-Cloud Integration" sector, indicating a positive outlook for investment in this area. Core Insights - The first batch of digital transformation and upgrade demonstration areas for highway and waterway transportation infrastructure has been announced, covering regions such as Beijing, Jiangsu, Zhejiang, Fujian, Henan, Hunan, Guangdong, and Sichuan, each with unique characteristics and a wide coverage [1][5]. - Changchun plans to invest RMB 12.70 billion over the next three years to accelerate "Vehicle-Road-Cloud Integration," aiming to create typical demonstration scenarios including transportation hubs and urban roads, with significant infrastructure improvements such as 1,400 new 5G base stations and a 96% coverage rate of Roadside Units (RSUs) [2][5]. - The report emphasizes the feasibility of different project plans across regions, focusing on application-driven approaches, and highlights the national commitment to building "Vehicle-Road-Cloud" systems [2][5]. Summary by Sections Digital Transformation Areas - The Ministry of Transport and the Ministry of Finance have organized a competitive review for the digital transformation of highway and waterway transportation infrastructure, resulting in a list of demonstration areas that includes various provinces with distinct plans [1][5]. Changchun Investment Plan - Changchun's investment of RMB 12.70 billion will support the development of transportation infrastructure, including the installation of 5G technology and the production of L2-level autonomous vehicles, with a target of 150,000 units [2][5]. Suggested Focus Areas - The report suggests focusing on companies involved in "Vehicle-Road-Cloud" technologies such as Beijing Wanji Technology, Jiangsu Tongxingbao, and others, as well as those in intelligent driving like Thunder Software Technology and Huizhou Desay SV Automotive [2][5].