汽车行业跟踪报告：Deepseek赋能，智能化平权加速来临

Investment Rating - The industry investment rating is "Recommended" (maintained) [1] Core Insights - The report emphasizes the effectiveness of DeepSeek R1, showcasing the advancements in reinforcement learning and knowledge distillation [4][12] - It highlights the acceleration of intelligent equality through the empowerment of smart cabins and intelligent driving technologies [14] Summary by Sections Section 1: DeepSeek's Effectiveness - DeepSeek R1 model demonstrates excellent performance, being low-cost and open-source [4] - Reinforcement learning enhances reasoning capabilities, indicating a significant improvement in model performance [7] Section 2: Empowerment of Smart Driving and Cabin - DeepSeek R1 is positioned to empower smart cabins and intelligent driving, indicating a shift towards more integrated automotive technologies [14] Section 3: Investment Recommendations - The report suggests focusing on companies like Xpeng Motors, BYD, Li Auto, Great Wall Motors, and SAIC Group due to their strong positions in intelligent driving and product cycles [17] - It also recommends suppliers such as Horizon Robotics and SUTENG for their roles in the domestic chip market and cost-effective lidar solutions [17]