2026年智驾平权之车企智驾方案梳理-20260304

Core Insights - The report emphasizes the growing importance of L4 RoboX as a key investment theme in the smart automotive sector by 2026, suggesting a preference for B-end software companies over C-end hardware companies [4] - It identifies specific investment opportunities in both H-shares and A-shares, highlighting companies like Xpeng Motors, Horizon Robotics, and Momenta as preferred choices in the H-share market, while recommending Qianli Technology and Desay SV as top picks in the A-share market [4] - The report outlines various downstream application scenarios, including Robotaxi and Robovan perspectives, and suggests relevant companies for each segment [4] Group 1: Smart Driving Strategies of Major Automakers - The report provides a detailed comparison of smart driving strategies among major domestic automakers, indicating a mix of self-developed and externally supplied technologies [2][3] - It highlights that companies like BYD and Chery are adopting a hybrid model, combining self-research with partnerships with external algorithm suppliers to mitigate risks and control costs [22][23] - The report notes that automakers such as Great Wall and Changan are also pursuing a dual approach of self-research and external collaboration, with specific emphasis on their organizational structures and technology strategies [26][30] Group 2: BYD's Smart Driving Developments - BYD's "全民智驾" strategy aims to shift from standard configurations to a pay-per-use model for smart driving features, reflecting a response to market demand and consumer sensitivity to pricing [7] - The company has established a comprehensive self-research team, integrating various departments to enhance efficiency and innovation in smart driving technology [11] - The latest iteration of BYD's smart driving system, 天神之眼5.0, introduces advanced features such as automatic emergency steering and enhanced obstacle avoidance capabilities [12] Group 3: Geely's Smart Driving Integration - Geely has completed the integration of its smart driving teams under 千里智驾, focusing on consolidating resources and optimizing technology platforms [17] - The company has introduced a tiered smart driving solution, offering various configurations and features across different vehicle models, maintaining a flexible approach to technology deployment [19] - Geely's strategic focus includes leveraging partnerships with algorithm suppliers to enhance its smart driving capabilities while ensuring a robust internal development framework [18] Group 4: Chery's Smart Driving Innovations - Chery has launched the "猎鹰智驾" series, which includes multiple versions of smart driving technology aimed at achieving full scene coverage and enhancing user experience [22] - The automaker has established a dedicated smart driving center to streamline its research and development efforts, integrating various technological components [21] - Chery's strategy involves collaborating with multiple external suppliers while maintaining a strong self-research capability to ensure flexibility and innovation [23] Group 5: Great Wall's Smart Driving Strategy - Great Wall has developed a multi-tiered smart driving platform, with varying levels of computational power and features tailored to different market segments [26][29] - The company is actively exploring partnerships with external algorithm suppliers to enhance its smart driving offerings, while also focusing on internal development [27] - Great Wall's approach includes a clear differentiation between low, medium, and high computational power platforms to cater to diverse consumer needs [26] Group 6: Other Automakers' Strategies - SAIC Group is primarily relying on external suppliers for its smart driving solutions, while also establishing internal research capabilities to enhance product offerings [34][35] - GAC Group is pursuing a dual strategy of self-research and collaboration with partners like Huawei and Momenta to develop advanced smart driving technologies [37] - Leap Motor is focusing on an end-to-end model for its smart driving system, aiming to provide comprehensive features at competitive price points [39]