智能驾驶2026年春季投资策略报告：AI的重要应用，智驾的质变时刻-20260120

Group 1 - The core viewpoint of the report suggests that AI large models are expected to lead a valuation reshaping in the automotive industry, particularly in the context of autonomous driving and subscription services [2] - The report highlights the projected growth in various segments such as traditional vehicle sales, subscription services, and Robotaxi, with significant increases expected by 2035 [8][9] - It emphasizes the importance of advanced AI models in enhancing user acceptance of autonomous driving and subscription software, potentially transforming the automotive sales model from low-frequency to high-frequency consumption [48] Group 2 - The report indicates that the penetration rate of Robotaxi in the ride-hailing market is a critical metric, with a focus on revenue and cost factors such as vehicle costs and operational efficiency [42] - It outlines the competitive landscape, noting that leading companies like Tesla and SAIC Group are expected to dominate the Robotaxi market, with significant projected sales and profits by 2025 [46] - The report identifies investment opportunities in the supply chain, particularly in components related to L3 and above autonomous driving, highlighting the potential for domestic alternatives in high-barrier products [48]