电子设备-AI的进击时刻系列6：智驾下沉加速，汽车智能化快速渗透

Investment Rating - The industry investment rating is "Buy" [2] Core Viewpoints - The acceleration of intelligent driving technology is being driven by BYD, which plans to invest 100 billion yuan in AI and automotive integration [7][10] - The penetration of intelligent driving configurations into mid-to-low-end models is becoming increasingly evident, with significant sales in the 10-15 million yuan price range [19][20] - The intelligent driving industry chain has vast growth potential, encompassing perception, transmission, and computing segments [23][24] Summary by Sections 1. BYD's Push for Intelligent Driving - BYD is set to unveil its advanced intelligent driving system "Tian Shen Zhi Yan" on February 10, 2025, aiming to lower the barriers for intelligent driving technology [7][10] - The company has committed to investing 100 billion yuan in AI and automotive technology [10] 2. Penetration into Mid-to-Low-End Models - Intelligent driving solutions are increasingly becoming a core consideration in vehicle pricing, with configurations now available in models priced between 10-15 million yuan [19][20] - Data from the China Automobile Association indicates that in December 2024, the sales proportions for electric vehicles in the 5-10 million, 10-15 million, and 15-20 million price segments were 19.9%, 35.7%, and 10.9% respectively [20] 3. Growth Potential of the Intelligent Driving Industry Chain - The intelligent driving hardware industry chain consists of three main components: perception (cameras and LiDAR), transmission (chips and connectors), and computing (domain controllers and intelligent driving chips) [23][24] - The demand for automotive cameras is expected to rise significantly as intelligent driving penetration increases, with estimates suggesting that high-level intelligent driving systems will require 8-11 cameras per vehicle [30][32] 4. Investment Recommendations - The report suggests focusing on automotive CIS chip manufacturers, packaging firms like Jingfang Technology, LiDAR manufacturers such as Suteng Juchuang and Hesai, and high-speed connector manufacturers like Dalian Technology [48]