电子：比亚迪加速智驾全面落地，中阶或成销量生命线

Investment Rating - The industry investment rating is "Outperform the Market" [3][10]. Core Insights - BYD is accelerating the rollout of its advanced driving assistance system, "Tian Shen Zhi Yan," aiming to democratize intelligent driving and enhance user experience [1]. - The system is categorized into three levels: DiPilot 100, DiPilot 300, and DiPilot 600, with a target of 80% of products featuring advanced driving capabilities by 2025 [1]. - The mid-tier intelligent driving market is expected to be a key selling point for vehicles priced between 100,000 to 200,000 yuan, focusing on maturity and cost [2][7]. Summary by Sections Intelligent Driving System - "Tian Shen Zhi Yan" integrates multi-sensor technology and a self-developed high-performance computing platform to enhance safety and comfort [1]. - DiPilot 100 features a vision-based system with 12 cameras and 5 radar units, targeting entry-level vehicles [1]. - DiPilot 300 adds more cameras and a LiDAR sensor for enhanced capabilities in both highway and urban settings [1]. - DiPilot 600 boasts the highest performance with multiple sensors and advanced computing power, aimed at high-end models [1]. Market Dynamics - The intelligent driving market is segmented into high, mid, and low tiers, with mid-tier products becoming increasingly important for vehicles priced between 100,000 to 200,000 yuan [2]. - The cost of intelligent driving solutions is critical, with a target price of around 4,500 yuan for mid-tier systems [7]. - The demand for advanced driving solutions is expected to reshape the mobility industry as technology evolves [7]. Performance Metrics - The report indicates a relative return of 5.71% over one month, 6.94% over three months, and 38.9% over twelve months, showcasing strong market performance [5].