SINOLINK SECURITIES·2025-04-07 02:05Investment Rating - The report indicates a strong investment trend in the automotive sector, particularly in the fields of intelligent driving and humanoid robots, which are seen as the most significant industrial trends post-electrification [4]. Core Insights - WeRide, in collaboration with Uber and the Dubai Roads and Transport Authority, is set to launch the first robotaxi service in Dubai, marking a significant step in the global commercialization of autonomous driving technology [1][10]. - The implementation of the new Beijing Autonomous Driving Vehicle Regulations allows L4 level vehicles to operate on public roads, paving the way for the commercial application of autonomous driving technology [2][11]. - The report highlights the rapid growth in the intelligent driving sector, with a projected surge in the penetration rate of high-level autonomous driving technologies and robotaxi services, driving demand for high-performance chips, lidar, and optical components [4]. Summary by Sections Intelligent Driving - WeRide partners with Uber and the Dubai Roads and Transport Authority to launch robotaxi services in Dubai, showcasing advancements in autonomous driving technology [1][10]. - The new Beijing regulations support the use of L4 autonomous vehicles for various transportation services, facilitating the commercial application of autonomous driving [2][11]. - Black Sesame Technology reports a 51.8% revenue increase in 2024, achieving profitability with a gross margin rise to 41.1%, indicating successful scaling and cost reduction [3][12]. - The first batch of SenseTime's J6M autonomous driving solutions has been mass-produced, promoting the widespread adoption of intelligent driving features [4][13]. - RoboSense's lidar technology supports the deployment of autonomous vehicles in Dubai, marking a significant milestone in the global expansion of robotaxi services [4][14]. Robotics - Figure has demonstrated significant improvements in robotic hand stability and precision in real-world applications at BMW factories, indicating advancements in industrial automation [2][44]. - Unitree Technology has launched the Unitree Dex5 dexterous hand, featuring 20 degrees of freedom and enhanced capabilities for complex tasks, showcasing progress in robotic manipulation [3][46]. - Pudu Robotics has introduced the world's first commercial humanoid service robot, "Lightning Box Arm," capable of performing complex tasks in various environments [2][31]. - Agility Robotics has secured $400 million in funding, reflecting strong investor interest in humanoid robotics [2][52]. - The report emphasizes the importance of humanoid robots in the AI landscape, with a shift from a few dominant players to a more diversified market in 2025 [4].