北交所&新兴成长行业周报：禾赛获零跑汽车下一代车型平台激光雷达独家定点，预计2025年量产首款车型

Investment Rating - The report recommends a "Buy" rating for key companies in the smart automotive industry, including Juguang Technology, Yongxin Optical, and Huace Navigation, while suggesting a "Hold" rating for Jingwei Hengrun [7]. Core Insights - Hesai Technology has secured exclusive positioning for the next-generation laser radar platform of Leap Motor, with the first model expected to be mass-produced in 2025. This partnership signifies a deepening collaboration aimed at accelerating the internationalization of laser radar technology [3][10]. - The smart cockpit supplier rankings for January to August 2024 show Desay SV leading the market with over 510,000 units and a market share of 15.2%, while domestic suppliers are gaining traction across various segments [17][21]. - The A-share market has shown strong performance in sectors such as computer, electronics, and defense, with notable stock increases in companies like Top Cloud Agriculture and Shangda Shares [23][33]. Summary by Sections 1. Key Developments - Hesai Technology's exclusive agreement with Leap Motor for the next-generation vehicle platform laser radar is a significant milestone, with the first model set for 2025 production [3][10]. - The Leap B10 model, positioned as a compact SUV, will focus on the 100,000 to 150,000 yuan market segment, with plans for international sales expansion [11]. 2. Market Performance Review - From October 14 to October 18, 2024, the A-share market saw significant gains in the computer and electronics sectors, with increases of 10.29% and 9.65% respectively [23]. - The North Exchange 50 index had a PE TTM of 42.95X as of October 18, 2024, with a trading volume of 15.63 billion shares [33]. 3. Supplier Rankings - In the smart cockpit sector, Desay SV leads with a market share of 15.2%, followed by competitors like Hon Hai/Quanta and Qualcomm, which dominate the cockpit domain controller chip market with a 66.7% share [17][19]. - The HUD supplier market is also seeing rapid growth, with Huayang Multimedia leading with over 400,000 units and a market share of 21.3% [19][21].