中尾部智驾玩家，困在“赢者通吃”的焦虑里

Core Viewpoint - The article discusses the significant challenges faced by mid-tier autonomous driving companies in the context of a rapidly consolidating industry, highlighted by the sudden shutdown of a once-promising unicorn, Haomo Zhixing, and the contrasting success of leading players like Huawei and Momenta [4][5][7]. Group 1: Industry Dynamics - In 2025, the autonomous driving industry experienced a harsh competitive landscape, with leading companies aggressively pursuing market share, leaving little room for smaller players [3][4]. - The industry is witnessing a "winner-takes-all" scenario, where top players are expected to dominate, while mid-tier companies struggle to find their place [9][11]. - The market is increasingly favoring companies that can integrate their technologies and maintain control over their intellectual property, as seen in the shift towards "white box" solutions [5][6][12]. Group 2: Company-Specific Insights - Haomo Zhixing, founded in 2019 and once valued over $1 billion, faced operational failures due to poor hardware choices, outdated software algorithms, and indecisive management, leading to its abrupt halt in operations [4][5]. - Mid-tier companies, like the one represented by Zhang Li, are exploring alternative markets and applications, such as unmanned delivery vehicles and international collaborations, to differentiate themselves [6][12]. - Leading companies like Huawei and Momenta are achieving significant milestones, with Huawei's autonomous driving technology being integrated into over 100,000 vehicles and Momenta collaborating with more than 160 models [7][9]. Group 3: Future Outlook - The consensus among industry experts is that the autonomous driving sector will continue to consolidate, with predictions that only a few key players will remain by 2027 [11][12]. - There is a debate on whether the industry will ultimately see a "winner-takes-all" outcome, with some arguing for a more diversified ecosystem to mitigate risks associated with having too few dominant players [12][13]. - The potential for standardization in hardware, particularly in autonomous driving chips, is recognized, while software solutions may retain diversity as companies seek to maintain competitive advantages [13].