新兴产业观察：智驾平权元年将至，产业链或迎来放量

Investment Rating - The report suggests a positive outlook for the industry, indicating a potential "Year of Equal Driving Rights" in 2025, with a recommendation to focus on companies like BYD, XPeng Motors, Horizon Robotics, Black Sesame Intelligence, Desay SV, and Jingwei Hirain [3]. Core Viewpoints - Domestic automakers are competing in the intelligent driving sector, with notable developments such as BYD's "Tian Shen Zhi Yan" high-level driving system, XPeng's MONA M03 MAX model, and Huawei's HarmonyOS Intelligent Driving [1][2]. - Intelligent driving chips and domain controllers are crucial for enabling intelligent driving, with companies like Horizon Robotics and Black Sesame Intelligence making significant advancements in chip technology and deployment [2]. - The commercialization of intelligent driving is expected to boost sales for domestic brands, as the prices of intelligent driving models are decreasing, making them more accessible [3]. Summary by Sections Domestic Automakers - BYD has launched the "Tian Shen Zhi Yan" system, which includes three versions, with the three-laser version primarily for the Yangwang model [1]. - XPeng Motors plans to deliver the MONA Max model in May, targeting a price range of 150,000 RMB while offering leading intelligent driving capabilities [1]. - Huawei is set to hold a technical release for its HarmonyOS Intelligent Driving on February 20 [1]. Intelligent Driving Technology - Horizon Robotics is ramping up production of its intelligent driving systems, supporting BYD's models with its technology [2]. - Black Sesame Intelligence has completed the deployment of its DeepSeek model on its C1200 chip family, enhancing the intelligent driving experience [2]. - Desay SV has mass-produced high-performance intelligent driving domain controllers for several automakers, including Li Auto and XPeng [2]. - Jingwei Hirain's products span low, medium, and high-level intelligent driving solutions, with significant growth in L2 integrated machine shipments [2]. Investment Recommendations - The report emphasizes that the shift towards intelligent driving will benefit upstream suppliers of intelligent components, such as chips and domain controllers, as the market for intelligent driving expands [3].