自动驾驶行业更新报告：L3强标征求意见，国内智驾政策持续推进

Investment Rating - The investment rating for the automotive industry is "Positive" (maintained) [1] Core Insights - In February 2026, China began soliciting public opinions on the L3 strong standards, completing the draft of "Safety Requirements for Autonomous Driving Systems of Intelligent Connected Vehicles" on February 5, 2026. The public consultation for this and four other mandatory national standards started on February 12, 2026, and will end on April 13, 2026. This strong standard primarily targets L3 and L4 levels of autonomous driving, replacing the recommended standard GB/T 44721-2024 [4] - The proposed implementation date for the L3 strong standard is July 1, 2027. The standard includes mandatory (GB) and recommended (GB/T) classifications, with violations of the mandatory standard leading to legal consequences. The L3 strong standard has completed the drafting phase and is currently in the public consultation stage, followed by review, approval, and publication [4] - Earlier, China approved L3 vehicles for road testing, with two models from Changan and BAIC Blue Valley receiving approval for road access trials on December 15, 2025. These models will undergo the next phase of road testing, with specific requirements set by the Ministry of Industry and Information Technology [4] - Investment recommendations include: 1) Vehicle manufacturers: Jianghuai Automobile, Xpeng Motors-W; 2) Component suppliers: Bertley, Coboda, Nexperia, Horizon Robotics-W, among others. Attention is also recommended for Huayi Technology [4] Summary by Sections - L3 Strong Standards: The draft for L3 strong standards has been completed and is open for public consultation, with a focus on safety requirements for autonomous driving systems [4] - Implementation Timeline: The strong standard is set to be implemented by July 1, 2027, following a series of approval processes [4] - Road Testing Approvals: Two L3 models have been approved for road testing, indicating progress in the industry [4] - Investment Opportunities: Specific companies are recommended for investment based on the ongoing developments in autonomous driving policies [4]