智能网联车路云一体化三问三答

Investment Rating - The report maintains an "Outperform" rating for the automotive sector, particularly focusing on smart connected vehicles and infrastructure integration [5]. Core Insights - The smart connected vehicle industry is experiencing accelerated development due to favorable policies, with significant investments expected in infrastructure and vehicle technology [12][14]. - The market for smart connected vehicles is projected to reach a scale of hundreds of billions in the short term, with long-term growth estimates indicating an industry value increase to CNY 7.295 billion by 2025 and CNY 25.825 billion by 2030, reflecting a compound annual growth rate (CAGR) of 28.8% [2][4]. Summary by Sections Introduction: Favorable Policies and Industry Attention - Recent policies have been introduced to promote the integration of smart connected vehicles with road and cloud systems, enhancing the industry's growth prospects [12][14]. Market Space and Policy Changes - The policies focus on both vehicle and infrastructure upgrades, with pilot projects for high-level autonomous driving and infrastructure construction expected to create a market worth over CNY 1 trillion in the short term [2][4]. - By 2025 and 2030, the expected incremental value of the smart connected vehicle industry is CNY 7.295 billion and CNY 25.825 billion, respectively [2]. Beneficiary Segments of the Integration - The integration involves four main segments: smart connected vehicles, intelligent roadside infrastructure, cloud control platforms, and foundational support systems, with the highest value attributed to smart connected vehicles [3][4]. - Intelligent roadside infrastructure is anticipated to be the fastest-growing segment, while cloud control platforms will see stable growth [3]. Investment Opportunities in the Industry Chain - Vehicle manufacturers with advanced autonomous driving capabilities (L3 level) are expected to benefit significantly, with recommended companies including BYD, Changan Automobile, and others [5]. - In the component sector, companies specializing in intelligent components such as Delian Technology and Desay SV are highlighted as key investment targets [5]. - The V2X communication module market is also recommended for investment, focusing on companies like Gree and Meig Smart [5]. Conclusion - The report emphasizes the importance of ongoing policy support and technological advancements in driving the growth of the smart connected vehicle industry, with significant investment opportunities identified across various segments [12][14].