Core Insights - The Ministry of Industry and Information Technology has officially announced the first batch of L3 conditional autonomous driving vehicle permits in China, marking a significant step from testing to commercial application for L3 autonomous driving [2] Group 1: Vehicle Details - Two models have been approved: a Changan brand electric sedan and a Jihe brand electric sedan, both capable of autonomous driving in congested traffic and on highways, but limited to specific routes in Beijing and Chongqing [3] Group 2: Technology Differentiation - The core difference between L2 assisted driving and L3 conditional autonomous driving lies in the role and responsibility division between the system and the driver, with L3 offering a leap from "assisted driving" to "system-led" experience [4] Group 3: Safety and Regulation - China emphasizes safety as a prerequisite for innovative applications, establishing a systematic approach that covers key technology research, testing evaluation, policy regulations, and scenario validation [5] - The Ministry of Industry and Information Technology plans to collaborate with relevant departments and local authorities to enhance vehicle operation monitoring and safety assurance, continuously improving the management and regulatory framework for intelligent connected vehicles [6]

Group 1: Company Announcements - Haiyou New Materials plans to establish a wholly-owned subsidiary and invest 300 million yuan in a polymer special adhesive film production project in Chengdu, which aims to optimize resource allocation and production capacity layout [4] - Dekeli's board member plans to reduce holdings by no more than 100,000 shares, representing a reduction of 0.0632% of the company's total shares [5] - Saiwei Microelectronics announced that its actual controller and associated parties plan to reduce their holdings by no more than 1% of the company's total shares [3] Group 2: Technology Developments - Zhongke Shuguang has launched the world's first single-cabinet 640-card super node scaleX640, which can be combined to form a thousand-card computing unit, achieving a 20-fold increase in computing density compared to traditional solutions [5] - Haiguang Information's Haiguang DCU has over 99% operator coverage, compatible with CUDA, and supports a wide range of model training and inference scenarios [5] Group 3: Market Reactions - The Hang Seng Technology Index experienced a significant drop, with major companies like Alibaba, Tencent, JD.com, and Meituan seeing increased declines due to rumors regarding stricter tax recognition for high-tech companies [2] - Xpeng Motors has obtained an L3 autonomous driving road test license in Guangzhou, marking a step towards regular L3 road testing [2] Group 4: Financing Activities - Jiangfan Guizhi completed nearly 100 million yuan in Pre-A round financing to advance the production line construction and technology iteration of silicon-carbon anode materials [6] - Benait completed several million yuan in A++ round financing, focusing on the development and production of silicon-based liquid crystal optical devices [7] - Aosaire Biopharmaceutical completed several million yuan in Pre-A round financing to support the development of new imaging contrast agents and integrated therapeutic drugs [9]

长安汽车在调研中表示，预计2026年一季度与使用主体长安车联科技进行L3级自动驾驶上路通行试点 应用；在国家相关法规及政策正式发布实施后，长安汽车将开始面向C端用户的产品准入和市场投放。 ...

Core Insights - The commercial use of L3 conditional autonomous driving is approaching, with multiple cities in China conducting road tests for L3 vehicles, including Shenzhen, Beijing, Shanghai, Guangzhou, Hefei, Wuhan, and Chongqing [1][3][6] Group 1: L3 Autonomous Driving Testing - Huawei's subsidiary, Hongmeng Zhixing, has initiated L3 conditional autonomous driving testing in Shenzhen, focusing on real-world scenarios to validate the safety and maturity of the L3 system [3][6] - The testing involves real users, specifically Huawei employees, using self-purchased models such as the 2025 Wanjie M9 and Zun Jie S800, covering 1,000 kilometers of high-speed roads in Shenzhen [3][6] - Other brands, including Xiaopeng Motors, have also received L3 road testing licenses and are conducting regular tests in cities like Guangzhou [6][7] Group 2: Partnerships and Collaborations - As of October 2025, Huawei's "Qian Kun" has partnered with 14 automotive companies, resulting in 33 mass-produced models across various vehicle types, including electric, hybrid, and fuel vehicles [4][10] - The first two L3 autonomous driving models approved for road testing are the Changan Deep Blue SL03 and the BAIC Arcfox Alpha S (L3 version), which are designed for urban congestion and highway scenarios [7][10] - Changan Deep Blue has three models equipped with Huawei's Qian Kun intelligent driving solution, while BAIC's Arcfox Alpha S (L3 version) also utilizes this technology [10]

每经评论员裴健如 如果试点成功，这将不单是两家企业的事，其核心价值在于积累可复制的经验，推动技术与市场深度融 合。要实现试点效果最大化，需聚焦三个关键方向。 一是场景扩面要循序渐进。当前北京、重庆的试点路段覆盖了高速、城市快速路等核心场景，但需逐步 扩大试点区域与场景类型，从单一车道向多车道、从晴天工况向复杂天气、从封闭路段向半开放路段延 伸，形成覆盖不同地理环境和交通状况的试点网络。 二是数据积累要规范高效。试点车辆需全面记录系统决策、传感器反馈、驾驶员操作等全流程数据，建 立统一的场景数据库和事故追溯机制。通过百万公里级的真实路况数据训练，持续优化算法对车辆加 塞、行人横穿等交通场景的应对能力，为后续技术迭代和法规调整提供坚实支撑。 12月15日，工信部宣布近期许可两款L3级自动驾驶车型产品，将在指定区域内开展上路通行试点。两 款车型分别是长安牌SC7000AAARBEV型纯电动轿车和极狐牌BJ7001A61NBEV型纯电动轿车。 这不仅是中国自动驾驶发展史上的一个重要节点，也标志着我国智能网联汽车正式从"技术验证"迈 向"量产应用"的新阶段。 在我国汽车产业已在电动化领域确立领先优势的背景下，智能化正成 ...

21世纪经济报道记者赵云帆 报道 近日，工业和信息化部正式公布我国首批L3级有条件自动驾驶车型准 入许可：长安汽车旗下深蓝SL03、北汽旗下极狐阿尔法S两款车型，将分别对应重庆地区的城市拥堵路 况，以及北京地区的高速路段，展开L3自动驾驶试点。 12月16日，受上述消息影响，智能驾驶概念股全天强势，万集科技（300552）、浙江世宝（002703）、 北汽蓝谷（600733）、路畅科技（002813）等多股涨停。 北京、重庆获"先发" 2021年8月，工信部正式发布实施标准化文件《汽车驾驶自动化分级》，确立了自动驾驶分级这一"舶来 品"的国内分级标准。 按上述标准，L3级自动驾驶，即"3级驾驶自动化(有条件自动驾驶,conditionally automated driving)"。系 统在其设计运行条件下执行全部动态驾驶任务。具体技术要求包括"仅允许在其设计运行条件下激 活"，"在激活后在其设计运行条件下执行全部动态驾驶任务"，"识别是否即将不满足设计运行范围"， 以及相应介入时机，主动接管功能等。 工信部表示，两家汽车企业已按要求完成并通过了产品测试与安全评估。下一步，两款车型将分别由两 家使用主体，在上 ...

Core Viewpoint - The A-share market is experiencing significant fluctuations, with major indices declining and various sectors showing mixed performance, particularly in aerospace and digital currency [1][3][6]. Market Overview - On December 16, the three major indices collectively fell, with the Shanghai Composite Index down by 1.11%, the Shenzhen Component down by 1.51%, and the ChiNext Index down by 2.10%. The total trading volume for the day was 17,482.73 billion yuan, a decrease of 462.59 billion yuan from the previous day, with over 4,300 stocks declining [14][15]. Sector Movements - The aerospace sector rebounded after initial declines due to rumors about the Long March 12 rocket's launch delay. The sentiment improved following confirmation that the launch target remains set for the end of the month, contingent on weather conditions [3][15]. - The digital currency sector saw activity due to news regarding the digital yuan's management system and its potential reclassification from M0 to M1, which could enhance its operational framework [6][15]. - The retail sector was active following a significant article in a prominent magazine advocating for expanded domestic demand, leading to notable gains in related stocks [15]. Investment Sentiment - According to CITIC Securities, the current bull market's sentiment index peaked at 78.7%, significantly lower than the previous peak of 95.5%. This indicates a structural bull market, with a need for improved funding, valuation, and risk premium sentiment to transition to a full bull market [9]. - The report suggests that further strengthening of funding sentiment may require additional macroeconomic policies or positive economic data to boost investor confidence [9]. Key Industry Developments - The digital currency sector is expected to benefit from new operational institutions as the People's Bank of China aims to optimize the digital yuan's management [6]. - The aerospace sector is witnessing renewed interest, with stocks like Aerospace Electronics experiencing significant gains following the clarification of launch schedules [15]. - The retail sector is also gaining traction, with specific companies achieving consecutive trading limits due to favorable policy signals [15]. Capital Flow - There was a net outflow of 669.51 billion yuan from major funds, with the electric equipment sector experiencing the largest outflow. Conversely, sectors like retail and food and beverage saw net inflows [25][26].

Group 1: Market Activity - Net purchases included Xiaomi Group at 633 million HKD, Xpeng Motors at 345 million HKD, Tencent Holdings at 197 million HKD, and Meituan at 177 million HKD [1] - Net sales included Alibaba at 631 million HKD, China Mobile at 460 million HKD, SMIC at 459 million HKD, CNOOC at 332 million HKD, PetroChina at 330 million HKD, Ping An at 245 million HKD, China Life at 123 million HKD, and Yangtze Optical Fibre at 102 million HKD [1] - Southbound funds have continuously net purchased Xiaomi for 13 days, totaling 12.78378 billion HKD, and Meituan for 5 days, totaling 4.80742 billion HKD [1] Group 2: Stock Performance - Alibaba saw a decline of 3.0% with a net outflow of 1.012 billion HKD [2] - Tencent Holdings experienced a decrease of 1.1% with a net inflow of 630 million HKD [2] - Xiaomi Group declined by 2.3% with a net inflow of 175 million HKD [2] Group 3: Company Developments - Xiaomi Group repurchased approximately 294 million HKD worth of 7.2 million B shares at a price range of 40.36 to 41 HKD per share [3] - Xpeng Motors received an L3 autonomous driving road test license in Guangzhou and plans to launch L4 capable vehicles by 2026 [3] - Tencent Holdings repurchased approximately 640 million HKD worth of 1.067 million shares [3] - Meituan announced the suspension of its "Tuan Hao Huo" business to focus on exploring new retail formats [3]

以下文章来源于autocarweekly ，作者autocarweekly autocarweekly . 车不只是代步工具，还是生活的一种刻度。 本文来自微信公众号： autocarweekly ，作者：autocarweekly，题图来自：视觉中国 我被打脸了。 10月我还在说工信部暂时不会炒热L3，可这才12月呢，工信部就通过了首批L3级有条件自动驾驶功 能的智能网联汽车产品准入申请。 这次有两个品牌，各一款车型被允许在各自特定路段进行测试。 一方面是L2强制性国标还没正式落地，另一方面却开始"毫无征兆地"准许上路测试，工信部到底咋 想的呢？ | 首页 组织机构 新闻发布 | | --- | | 政务公开 | | 政务服务 | | 互动交流 | | 工信数据 | 一、工信部在吃减肥奖励餐 我之前就讲过，L3没有被雪藏，而是在降温、在蓄力。 现在看工信部在这个节点做的事，更像一份阶段性的奖励餐。 工信部年底前的总结估计已经做完了，看来各方对今年工作成果比较满意，L2强制性国标推进得比 较扎实。大概率在此之前已经做过系统性的内部测试摸排，从结果判断，行业整体能力和成熟度应该 已经不低了。 我上次说："他们一 ...

Currency and Exchange Rates - The onshore and offshore RMB against the USD have reached new highs, with the offshore RMB breaking 7.04, marking the highest since October 4, 2024 [1] - The increase in RMB value is attributed to the decline of the USD index below 100 and increased demand for currency exchange as the year-end approaches [1] - Analysts expect the RMB to remain strong in the short term, with key factors to watch including USD trends and domestic growth policies [1] Company Performance and Earnings Forecasts - Nearly 20 companies have disclosed their earnings forecasts for 2025, with 13 companies expecting positive growth, representing nearly 70% of those reporting [1] - Bai Ao Sai Tu's projected net profit for 2025 could reach 135 million yuan, with an expected increase of over 300% [1] - Other companies like Hongyuan Co., Lixun Precision, and Aomeisen are also forecasting net profit increases exceeding 10% for 2025 [1] Market Regulations and Compliance - The State Administration for Market Regulation is developing a "first violation not punished" and "minor violations exempt from punishment" list to standardize enforcement in platform economy and food safety [2] - The list will set rigid thresholds for defining "first violations" and "minor violations," providing a framework for error tolerance and clear guidelines for enforcement [2] Industry Trends and Developments - The price of tungsten has surged, with tungsten concentrate exceeding 400,000 yuan per ton and APT prices surpassing 600,000 yuan per ton, marking a historical high [3] - The user penetration rate for AI-related content has increased by 9.9 percentage points year-on-year as of October 2025, indicating growing interest among younger users [3] Smartphone Market Outlook - A report from Counterpoint Research indicates that global smartphone shipments are expected to decline by 2.1% next year due to memory chip shortages, contrasting with a projected growth of 3.3% this year [4] - The average selling price of smartphones is anticipated to rise by 6.9% next year due to increased component costs [4] E-commerce and Delivery Services - The competition in the food delivery market has intensified, with a notable return of delivery riders to Meituan as subsidies from platforms like Taobao Flash Purchase have decreased [5] - The trend indicates a shift in rider distribution between competing platforms during peak seasons [5] Corporate Actions and Financial Updates - Kering Group is selling a majority stake in a Fifth Avenue property for $690 million as part of its strategy to improve financial flexibility [7] - The company will retain 40% ownership of the property while the remaining 60% will be part of a joint venture with Ardian [7] - Action Education plans to repurchase shares worth 20 to 25 million yuan for employee stock ownership plans [18]