国君汽车|智驾车价下探,智驾平权有望加速实现

Investment Rating - The report maintains an "Overweight" rating for the industry, indicating a positive outlook on the growth potential of smart driving penetration rates [1]. Core Insights - The penetration rate of smart driving is expected to accelerate, particularly with the ongoing advancements from leading companies like BYD. The launch of BYD's "Tianshen Eye C" solution, which includes advanced hardware and features, is a significant development in this regard [1]. - The cost of smart driving technology is decreasing, and the price range for smart driving vehicles is also lowering, which is likely to sustain the growth in penetration rates. Technological advancements, such as DeepSeek, are expected to reduce the reliance on computing power and data, further lowering the entry barriers for smart driving solutions [2]. Summary by Sections - Smart Driving Solutions: BYD has introduced the Tianshen Eye C solution, featuring a three-camera setup and multiple radar systems, enabling high-speed NOA and intelligent parking capabilities. The solution aims for a 99% success rate in parking scenarios and is expected to be fully developed by the end of 2025 [1]. - Vehicle Integration: BYD plans to equip its entire lineup with the Tianshen Eye system, with 21 models set to launch, enhancing the accessibility of advanced smart driving features across various price segments [1]. - Technological Advancements: The integration of DeepSeek technology into BYD's architecture is anticipated to enhance AI capabilities in vehicles, promoting a dual-cycle of AI development between vehicle and cloud systems [2].