Core Insights - The article discusses the collaboration between smart city infrastructure and intelligent connected vehicles, emphasizing the need for integrated development to enhance urban mobility and governance [1][2]. Group 1: Smart City Infrastructure - Nine departments, including the Ministry of Housing and Urban-Rural Development, have issued an action plan to promote the integration of smart city infrastructure with intelligent connected vehicles from 2025 to 2027 [1]. - The plan focuses on the construction of intelligent perception systems and urban cloud platforms, primarily using smart multifunctional poles as the main carriers [1]. - The initiative aims to improve urban travel environments and enhance the level of digital governance in cities [1]. Group 2: Intelligent Parking Solutions - The action plan emphasizes the continuous advancement of smart parking, advocating for the intelligent transformation and construction of urban parking facilities [1]. - It encourages local governments to build smart parking service management platforms, enhancing features like information queries, space reservations, sharing, route navigation, and contactless payments [1]. - The integration of fragmented parking resources into a unified network is expected to alleviate parking difficulties and reduce congestion caused by searching for parking spaces [2]. Group 3: Benefits of Integration - The collaboration between smart city infrastructure and intelligent vehicles is crucial for the large-scale application of advanced autonomous driving [2]. - This integration is also a core measure to shift urban governance from passive response to proactive intervention [2]. - The combined efforts are set to optimize citizens' travel experiences and lay a solid foundation for urban digital governance, promoting a more efficient and resilient urban operation system [2].

Core Viewpoint - The global automotive industry is undergoing a profound transformation driven by artificial intelligence technology, with the "AI + automotive" trend accelerating and reshaping the industry landscape [1][2]. Group 1: Industry Transformation - The automotive value chain is shifting from hardware-dominated to software-defined, with software and content services becoming significant value increments [1]. - By 2030, the expected value distribution of automotive products will be 40% hardware, 40% software, and 20% content services [1]. - The automotive industry is rapidly entering an era of deep AI exploration, evolving from "AI + automotive" to "mobile intelligent entities" [1][2]. Group 2: Technological Advancements - AI technology is upgrading the architecture of intelligent connected vehicles from "single vehicle intelligence" to "collaborative intelligence" [2]. - The integration of vehicle, road, and cloud systems is becoming a new phase in the development of intelligent vehicles, enhancing the efficiency and reliability of data for autonomous driving AI model development [2]. - By 2030, L2 assisted driving is expected to become standard, with L3 and above autonomous driving adoption rates exceeding 10% [2]. Group 3: Safety and Security Challenges - The development of intelligent connected vehicles faces severe challenges related to network security, data security, and functional safety, with AI technology making cyberattacks more intelligent and accessible [3]. - Automotive companies must balance safety and development while adhering to stringent safety standards [4]. Group 4: Policy and Industry Support - The Chinese government is continuously improving the support system through policies and standards to facilitate industry development [4]. - The intelligent wave is reshaping the global automotive competitive landscape, with AI becoming a core variable for enterprise survival and development [4].

Investment Rating - The industry investment rating is "Positive" and maintained [6]. Core Insights - The 2025 World Intelligent Connected Vehicle Conference will be held in Beijing from October 16 to 18, focusing on investment opportunities in intelligent driving [2][4]. - The Ministry of Industry and Information Technology aims to accelerate the formulation of standards for combined driving assistance and autonomous driving, promoting deep integration of artificial intelligence and the automotive industry [2][4]. - The intelligent connected vehicle industry in China is experiencing rapid development, with over 60% of new passenger cars sold equipped with combined driving assistance features [8]. - The government has introduced multiple supportive policies for the intelligent driving industry, indicating potential explosive growth during the "14th Five-Year Plan" period [8]. - The "Vehicle-Road-Cloud Integration" application pilot has shown significant results, highlighting China's unique technological path in intelligent vehicles [8]. Summary by Sections Event Description - The conference will showcase achievements in the intelligent connected vehicle sector during the "14th Five-Year Plan" and is expected to accelerate the commercialization of intelligent driving technologies [4][8]. Policy Support - Recent policies from various government departments aim to promote the large-scale application of artificial intelligence in transportation, including the development of intelligent driving systems [8]. Technological Advancements - The pilot program for "Vehicle-Road-Cloud Integration" has demonstrated ten key functional scenarios, showcasing China's advantages in intelligent vehicle technology [8]. Investment Opportunities - Suggested areas for investment include intelligent driving algorithm providers, related hardware suppliers, and Robotaxi operation platforms [2][8].

Core Insights - The company has won a bid for the Tongxiang City Vehicle-Road Cloud Integrated Urban Traffic Perception Project, marking a significant breakthrough in the commercialization of L4 autonomous driving buses with a contract value of RMB 11.85 million [1] - This project enhances the company's leading position in smart city and intelligent transportation sectors, leveraging existing holographic digital road infrastructure to improve safety and reduce hardware costs [1] - The project is expected to serve as a benchmark for similar initiatives, promoting a scalable model for intelligent transportation in county-level areas [1] Financial Performance - In the first half of 2025, the company's revenue from the autonomous minibus business exceeded RMB 10 million, with over ten projects secured [2] - The Tongxiang project is anticipated to further drive the scale development of the company's L4 autonomous driving business, contributing to record revenue growth [2] Strategic Focus - The company is actively expanding its self-developed L1–L4 full-stack intelligent driving capabilities, focusing on smart mobility, logistics, and urban services [2] - The strategy emphasizes customer-centricity, scenario focus, product iteration, and boundary expansion, with increased investment in L4 and related technology research and development [2]

Core Insights - The company has officially received a bid notification confirming its status as the winning bidder for the Tongxiang City Vehicle-Road Cloud Integrated Urban Traffic Perception Project, with a bid amount of RMB 11.85 million, marking a significant breakthrough in the commercialization of L4 autonomous driving [1] - The project will leverage the company's vehicle-road cloud integration technology to enhance the operational efficiency of autonomous buses, addressing visibility blind spots at intersections and significantly reducing hardware costs [1] - The project is expected to serve as a benchmark for similar initiatives, promoting a replicable model for county-level smart transportation construction and aiding Tongxiang's transformation from a pilot city to an industrial hub [1] Financial Performance - In the first half of 2025, the company's revenue from the autonomous minibus business has exceeded RMB 10 million, with over ten projects secured [2] - The Tongxiang project is anticipated to further drive the scale development of the company's L4 autonomous driving business, contributing to record revenue growth [2] Strategic Focus - The company is actively expanding its self-research capabilities across L1 to L4 levels, emphasizing smart mobility, smart logistics, and smart city services [2] - The company adheres to a strategy focused on customer needs, scenario-based solutions, product iteration, and boundary expansion, while increasing investment in L4 and related technology research and development [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 自願性公告 有關中標桐鄉無人車項目 本 公 告 乃 由 深 圳 佑 駕 創 新 科 技 股 份 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱 「本集團」）自 願 刊 發。 本 公 司 董 事 會（「董事會」）欣 然 宣 佈，本 集 團 近 日 正 式 收 到 中 標 通 知 書，確 認 成 為 桐 鄉 市 車 路 雲 一 體 化 城 市 交 通 融 合 感 知 項 目（2025年自動駕駛公交車採購項 目）的 中 標 單 位，中 標 金 額 達 人 民 幣1,185萬 元（「桐鄉無人車項目」）。該 項 目 標 誌 著本公司在L4級 自 動 駕 駛 商 業 化 進 程 中 取 得 關 鍵 突 破，進 一 步 鞏 固 本 集 團 在 智 慧 城 市 與 智 能 交 通 領 域 的 領 先 地 位。 桐 鄉 無 人 車 項 目 中，本 集 ...

Core Insights - The Wuhan Economic Development Zone and Wuhan University of Technology signed cooperation agreements, with over 30 key projects totaling more than 6 billion yuan, focusing on smart transportation, intelligent sensing, artificial intelligence, robotics, and hydrogen energy [1][2] - The collaboration aims to enhance the integration of regional innovation and industrial chains, establishing a comprehensive cooperation model of "school-local collaboration + fund empowerment + industry landing" [2][3] Group 1 - The Wuhan Economic Development Zone is recognized as one of the most concentrated areas for the automotive and parts industry in China, known as "China's Car Valley" [1] - Wuhan University of Technology has significant advantages in materials, transportation, and automotive disciplines, aligning well with the development of smart connected new energy vehicles and high-end equipment in the Wuhan Economic Development Zone [1][3] Group 2 - Eleven investment projects were signed on the same day, amounting to 5.157 billion yuan, with eight projects settling in the Wuhan Economic Development Zone [2] - Dongfeng Electronic Technology Co., Ltd. plans to invest 1 billion yuan to build a research and production base for large-scale lightweight structural components for new energy vehicles, which will drive transformation in the upstream and downstream sectors [2] Group 3 - The Wuhan Economic Development Zone hosts 10 vehicle manufacturers, 14 vehicle factories, and over 1,400 parts suppliers, undertaking several national innovation missions related to smart cities and intelligent connected vehicles [3] - The zone is advancing towards becoming a "World Car Valley" by focusing on the entire industrial chain of new energy vehicles, integrating various sectors such as vehicles, new energy, software, chips, and materials [3]

Core Insights - The 2025 World Intelligent Connected Vehicles Conference concluded in Beijing, showcasing significant advancements in the industry [1] - China released the "Intelligent Connected Vehicles 'Vehicle-Road-Cloud Integration' Application Pilot Phase Achievements," providing crucial references for future large-scale applications [1] - The China Automotive Technology and Research Center announced ten standardized achievements for intelligent connected vehicles during the conference [1] Industry Developments - China has established nearly a hundred national, industry, and group standards to support the technological evolution from assisted driving to autonomous driving [1]

Core Insights - The 2025 World Intelligent Connected Vehicle Conference (WICV) concluded in Beijing, achieving multiple outcomes that clarify the path for industry development and enhance safety regulations [1][2] - Key documents released include the "Top Ten Achievements in Intelligent Connected Vehicle Standardization," the "Network Technology Roadmap for Intelligent Connected Vehicles (2025-2030)," and the "Research Report on Trusted Data Space in the Automotive Industry," which collectively promote collaborative innovation across the entire industry chain [1] - The conference introduced a new paradigm for data sharing in autonomous driving, termed "data ride-sharing," and initiated a collaborative development and testing action for "vehicle-road-cloud integration" among domestic and foreign automotive enterprises, aimed at accelerating the application of this technology [1] Industry Developments - The conference attracted over 8,000 representatives from more than 10 countries and regions, with over 21 million online viewers, indicating strong global interest in the intelligent and connected vehicle sector [1] - Beijing's government plans to adopt a more open approach and practical measures to expand institutional openness, fostering an innovative and rich industrial ecosystem that promotes deep collaboration and integration within the industry chain [2]

Core Insights - The 2025 World Intelligent Connected Vehicle Conference highlights the rapid development and technological maturity of the intelligent connected vehicle industry in China, emphasizing the role of artificial intelligence as a core variable for enterprise survival and growth [1][2]. Group 1: Industry Development - The intelligent connected vehicle industry in China has entered a "fast lane," with new car sales featuring driving assistance functions exceeding 60% [1]. - A complete industrial system has been established, covering smart cockpits, autonomous driving, and connected cloud control, supported by the development of key standards and international regulatory coordination [1][2]. Group 2: Innovative Applications - The conference showcased the "vehicle-road-cloud integration" application, which enhances driving safety through real-time data interaction among vehicles, roads, and cloud systems, addressing challenges like signal recognition in adverse weather [2]. - The pilot results of ten functional scenarios will support the commercialization of smart public transport, unmanned delivery, and urban logistics [2]. Group 3: Technological Advancements - Didi's autonomous driving division is focused on L4-level autonomous driving technology, with stable performance in complex scenarios such as peak hours and adverse weather conditions [3]. - The new generation of autonomous vehicles features 33 sensors, enabling comprehensive environmental perception [2]. Group 4: Policy Support - Industry experts emphasize the importance of safety as the baseline for the evolution of intelligent connected vehicles from mechanical products to smart terminals [4]. - Regulatory bodies are working to enhance quality and reliability standards, improve product recall systems, and ensure the safe upgrade of software in intelligent connected vehicles [4].