Core Insights - The development of L3 conditional autonomous driving in China is reaching a critical breakthrough, with the issuance of special license plates for L3 vehicles in Beijing, marking a transition from testing to commercial use [2][3] Group 1: Policy and Implementation - Beijing has issued the first special license plates for L3 level autonomous vehicles, allowing models like the BAIC Arcfox Alpha S (L3 version) to operate legally on the roads [2] - The Ministry of Industry and Information Technology has granted approval for the first batch of L3 conditional autonomous driving models, including vehicles from Changan Automobile and BAIC Arcfox, to conduct road trials in designated areas [2][3] - The first L3 special license plate "渝AD0001Z" was issued in Chongqing, indicating a shift to compliant commercial use of autonomous vehicles [2] Group 2: Technical Advancements - The BAIC Arcfox Alpha S (L3 version) is the only model in the first batch equipped with LiDAR technology, which is crucial for its autonomous capabilities [3] - The vehicle can perform dynamic driving tasks under specific conditions, achieving speeds of up to 80 km/h on designated highways and urban expressways, although a driver must remain in the seat to take control in emergencies [3] Group 3: Industry Impact - The rollout of L3 autonomous driving is expected to accelerate the iteration of core technologies such as sensors, chips, and algorithms, fostering an integrated infrastructure of "vehicle-road-cloud" [5] - New business models, including subscription services and data services, are anticipated to emerge, shifting the profit focus from hardware to software and services [5] - The competitive landscape is likely to change, with companies possessing full-stack self-research capabilities expected to dominate the market as L3 functionalities become more mainstream [5]

Core Viewpoint - The development of Level 3 (L3) conditional autonomous driving in China is making significant progress, with the issuance of special license plates for L3 vehicles marking a transition from testing to commercial use [2][3]. Group 1: Policy and Implementation - Beijing has issued the first batch of special license plates for L3 autonomous vehicles, including the BAIC Arcfox Alpha S (L3 version), which has received legal road qualifications [2]. - The Ministry of Industry and Information Technology has granted approval for the first L3 conditional autonomous driving models, allowing Changan Automobile and BAIC Arcfox to conduct road trials in designated areas [2]. - The first L3 special license plate "渝AD0001Z" was issued in Chongqing, indicating a shift to compliant commercial use of autonomous vehicles [2]. Group 2: Technical Advancements - The BAIC Arcfox Alpha S (L3 version) is the only model in the first batch equipped with LiDAR technology, which is crucial for its autonomous capabilities [3]. - The vehicle can perform dynamic driving tasks under specific conditions, achieving a maximum speed of 80 km/h on designated highways and urban expressways, although a driver must remain in the seat to take control in emergencies [3]. - The successful deployment of L3 autonomous driving is attributed to BAIC's long-term technological investments in intelligent networking, new energy, and safety [3]. Group 3: Industry Impact and Future Trends - The rollout of L3 autonomous driving is expected to accelerate the iteration of core technologies such as sensors, chips, and algorithms, promoting the integration of "vehicle-road-cloud" infrastructure [5]. - New business models, including subscription services and data services, are anticipated to emerge, shifting the profit focus from hardware to software and services [5]. - The market is expected to undergo a reshuffle, with companies possessing comprehensive self-research capabilities likely to dominate as L3 functionalities become more mainstream and accessible [5].

重庆发布国内首块L3级自动驾驶专用正式号牌 12月20日，国内首块L3级自动驾驶专用正式号牌"渝AD0001Z"在重庆诞生，由重庆市公安局交通管理 总队正式授予长安汽车，标志着长安汽车在国内率先开启L3级自动驾驶时代。 当前，长安L3级自动驾驶系统已在重庆真实道路测试累计超过500万公里。 ...

Investment Rating - The report assigns an "Outperform" rating for the automotive industry, particularly focusing on the advancements in L3 autonomous driving technology [3]. Core Insights - The approval of the first batch of L3 autonomous driving vehicles in China marks a significant transition from testing to commercial application, with the responsibility for driving during system activation shifting to the vehicle manufacturers or system suppliers [3][4]. - The L3 level is expected to enhance the value chain within the automotive industry, as it requires advanced perception, computing power, and system integration, leading to increased value per vehicle in components such as cameras, LiDAR, and high-performance driving chips [3][10]. - The report highlights a shift in market focus from L2 penetration rates to the reliability of L3 technology, indicating a new phase characterized by engineering implementation and regulatory oversight [4][7]. Summary by Sections Event Overview - On December 15, the Ministry of Industry and Information Technology officially announced the approval of the first batch of L3 autonomous driving vehicles, specifically the Arcfox Alpha S5 and Changan Deep Blue SL03, for trial operations in designated areas of Beijing and Chongqing [4][10]. Policy Insights - The L3 regulations stipulate that the responsibility during system activation lies with the vehicle manufacturers or system suppliers, addressing the ambiguity present in L2 systems where the driver is the sole responsible party [15][22]. Technical Aspects - The report discusses the technological requirements for L3 autonomous driving, emphasizing the need for enhanced sensor configurations, data transmission capabilities, and computing power, which are critical for the successful deployment of L3 vehicles [23][24]. - The anticipated increase in the number of cameras and the integration of LiDAR technology are expected to significantly elevate the value of components in L3 vehicles, with projections indicating a doubling of the value of high-frequency connectors and chips [25][26]. Global Comparison - The report notes the differentiated progress in L3 development across countries, with Germany leading in legislation and responsibility clarity, while the U.S. focuses on L4 commercial applications, and Japan adopts a more conservative approach [31][34]. Investment Recommendations - The report suggests that companies with leading smart technology, system engineering capabilities, and strong supply chain management are likely to benefit from the commercialization of L3 autonomous driving. Recommended companies include Xpeng Motors, Li Auto, Xiaomi, and Changan Automobile, along with component suppliers like Horizon Robotics and Baolong Technology [3][31].

根据规划，这批获牌车辆将在京台高速、机场北线高速、大兴机场高速等指定试点路段开展运行，以积 累真实路况下的运营经验。极狐阿尔法S(L3版)是此次首批获得准入的车型中，唯一配备激光雷达的车 型。在上牌前，该车型通过了公安交管部门组织的自动驾驶交规符合性测试，并进行了交通事故、交通 违法的全流程应急演练。 据悉，该车型于12月15日刚获工业和信息化部L3级自动驾驶车型产品准入许可。本次上牌意味着产品 准入与上路通行两个关键环节在短时间内实现了衔接。 凤凰网科技讯12月23日，全国首批L3级自动驾驶专用正式号牌在北京完成上牌。北汽极狐阿尔法S(L3 版)成功登记了包括京AA0001Z在内的首批专用号牌，正式获得上路许可。这标志着相关车型从产品认 证进入了合法上路的实际运行阶段。 ...

Core Insights - The article discusses the significant progress in L3-level autonomous driving in China, highlighting the issuance of special license plates for L3 vehicles and the approval of conditional access for specific models [1][2][5] Group 1: L3-Level Autonomous Driving Development - Beijing has issued the first special license plates for L3-level autonomous vehicles to three models from Beijing Automotive Group, marking a milestone in the commercialization of autonomous driving [1] - The Ministry of Industry and Information Technology has granted conditional access for the first L3-level models, including the BAIC Arcfox Alpha S and Changan Automobile's Deep Blue SL03, allowing them to operate in designated areas [1][5] - The development of L3-level vehicles has taken four years, including two years of preparation and two years of implementation, with active participation in the formulation of local regulations [5][6] Group 2: Safety Features and Regulations - The BAIC Arcfox Alpha S (L3 version) is equipped with 34 high-performance sensors, including three LiDARs, and features a dual-redundancy design to enhance safety during autonomous driving [2][6] - The L3-level license comes with restrictions, such as limited road segments and a maximum speed of 80 km/h, allowing autonomous driving only in single lanes without lane changes [2][3] - The transition from testing to licensing indicates that the L3-level vehicles are now ready for mass production and delivery, pending the establishment of relevant national regulations [3][4] Group 3: Future Prospects and Challenges - The L3-level is seen as a critical juncture in the evolution of autonomous driving, bridging the gap between L2 and higher levels of automation [6][7] - Future advancements in L3-level driving will require overcoming three core challenges: improving perception redundancy and long-tail scenario coverage, establishing unified accident liability standards, and enhancing traffic regulation infrastructure [7] - The company aims to focus on safety and algorithm development while expanding the testing and validation framework to support broader deployment of L3-level vehicles [7]

Industry Information - China's first batch of L3 autonomous driving models has received approval for road testing in designated areas of Beijing and Chongqing, marking a significant step towards commercial application [9] - EVE Energy has achieved mass production of large cylindrical batteries, with over 60,000 units installed, showcasing high energy density and production efficiency [11] - CATL and Chuanhua Group have signed a strategic cooperation agreement to promote green transformation and intelligent upgrades in the industry [11] - The Central Economic Work Conference has outlined six key tasks related to the automotive industry for 2026, emphasizing domestic demand, innovation, and green transformation [12] - The report indicates that the Beijing-Tianjin-Hebei region has become a significant base for new energy and intelligent connected vehicles, with a projected production of 2.85 million vehicles in 2024, including 676,000 new energy vehicles [17] Policy Information - Jilin Province has announced the cessation of subsidies for charging infrastructure construction and operation, effective January 1, 2026 [28][29] - The Guangzhou government has launched a second round of automotive consumption promotion activities, allocating an additional 300 million yuan for subsidies [33] Company Information - BYD's sales of assisted driving models exceeded 310,000 units in November, covering various models equipped with advanced driving systems [39] - NIO has announced a battery doubling plan, with over 2,600 new battery packs already invested, aiming to meet the growing demand for battery swapping [38] - Changan Automobile's subsidiary, Deep Blue Automotive, plans to raise approximately 6.122 billion yuan through a capital increase [37] - Xiaomi has opened its MiMo-V2-Flash large model, which is designed for AI applications, showcasing significant advancements in performance [40] - China FAW is accelerating the mass production of solid-state batteries, expected to debut in high-end Hongqi models by the end of 2027 [41]

有市场分析称，L3自动驾驶牌照落地意味着从车辆准入、责任界定到上路许可的完整监管链条被打 通，为后续更多车型和城市推广扫清了核心障碍。中国成为全球第二个为L3真正放行的国家，且由于 放行车型已上市，中国有望成为全球首个规模化应用L3的国家。在智能化下半场，中国在高级别自动 驾驶的法规和规模化应用上已取得全球并行甚至领先身位，有望为整个产业带来估值锚。 （文章来源：每日经济新闻） 消息面上，长安汽车旗下深蓝SL03获颁国内首块L3级自动驾驶专用正式号牌。这标志着中国L3级自动 驾驶汽车正式获准上路，L3逐渐步入合法规模化商用新阶段。 ...

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