Core Viewpoint - The article discusses the development of the passenger car market's intelligence index in China, highlighting the growth trends and future expectations for smart vehicles, driven by policy support and market demand [4][13]. Summary by Sections Smart Car Intelligence Index - The passenger car intelligence index for September 2025 is reported at 36.1, marking a month-on-month increase of 0.4 units, reaching a historical high [13]. - The index consists of three sub-indices: smart cockpit index (38.5), smart driving index (40.1), and external smart index (18.5) [8][10]. Market Performance - In September 2025, the retail sales of passenger cars reached 2.243 million units, showing a year-on-year growth of 6.4% and a month-on-month increase of 11.2% [13]. - The retail sales of new energy vehicles amounted to 1.299 million units, with a year-on-year increase of 15.7% and a month-on-month increase of 16.5% [13]. Factors Influencing Growth - The increase in the intelligence index is attributed to multiple factors, including policy incentives (such as trade-in programs and subsidies), market demand during the traditional peak season, and the launch of new models [13]. - The article anticipates that the intelligence index will continue to rise in the fourth quarter of 2025 due to the fading off-season, ongoing policy support, and accelerated technological iterations [13]. Index Calculation and Structure - The intelligence index is calculated using a weighted formula that incorporates the smart cockpit index, smart driving index, and external smart index [14]. - The smart cockpit index is weighted at 47.5%, the smart driving index at 37.5%, and the external smart index at 15.0%, reflecting their respective impacts on the industry [17][18][19]. Definitions and Evaluation Criteria - Smart cockpit evaluation focuses on hardware configuration, software ecosystem, user interaction, safety, comfort, and intelligence levels [16]. - Smart driving evaluation emphasizes hardware configuration, functionality, safety, comfort, and intelligence levels [16]. - External smart evaluation centers on vehicle interaction with external entities, enhancing safety and user experience [16].

Core Insights - The article discusses the Passenger Car Intelligence Index, which monitors the development of smart features in domestic passenger vehicles and predicts future trends based on historical data [4][12]. Group 1: Passenger Car Intelligence Index Overview - As of August 2025, the Passenger Car Intelligence Index stands at 35.7, with a month-on-month increase of 1.5 units, marking a historical high [12]. - The index comprises three sub-indices: Smart Cockpit Index (38.0), Smart Driving Index (39.9), and External Intelligence Index (18.3) [4][8][10]. - The Smart Driving Index reached a new high for the year, reflecting a month-on-month growth of 1.5 units [10]. Group 2: Market Performance and Trends - In August 2025, retail sales of passenger cars reached 2.018 million units, showing a year-on-year growth of 5.9% and a month-on-month increase of 9.5% [12]. - The retail sales of new energy vehicles amounted to 1.115 million units, with a year-on-year increase of 8.8% and a month-on-month rise of 13.0% [12]. - The increase in the intelligence index is attributed to several factors, including government policies, new model launches, and rising consumer demand [12]. Group 3: Future Expectations - The article anticipates a steady increase in the Passenger Car Intelligence Index from September to December 2025, driven by the end of the market off-season, ongoing policy support, and accelerated technological iterations [12]. - The index will be adjusted based on the characteristics of each sub-index to better reflect market dynamics [12]. Group 4: Index Composition and Calculation - The Passenger Car Intelligence Index is calculated using a weighted formula that includes the Smart Cockpit Index, Smart Driving Index, and External Intelligence Index [14]. - Each sub-index reflects the market performance of vehicles meeting specific smart criteria, with the Smart Cockpit and Smart Driving being the primary focus areas due to their direct impact on user experience [17][18]. Group 5: Weighting Factors - The Smart Cockpit has a weight of 47.5%, emphasizing its immediate influence on user experience [18]. - The Smart Driving holds a weight of 37.5%, indicating its long-term transformative potential for the automotive industry [18]. - The External Intelligence Index is weighted at 15.0%, representing its emerging role in enhancing vehicle interaction with the environment [19].

Group 1 - The core viewpoint indicates that the passenger car intelligence index for July 2025 is 34.2, with specific sub-indices for intelligent cockpit at 36.5, intelligent driving at 38.4, and external intelligence at 16.5 [1] - The intelligent driving index of 38.4 has decreased by 1.3 units month-on-month, showing a slight decline from the previous growth trend [1]

Core Viewpoint - The article discusses the development of the passenger car market's intelligence index in China, highlighting the growth trends and future expectations for smart vehicles, particularly focusing on the smart cockpit, smart driving, and external smart indices [3][12]. Summary by Sections Smart Car Intelligence Index - As of June 2025, the passenger car intelligence index reached 35.6, an increase of 1.8 units from the previous month, indicating a sustained upward trend [12]. - The smart cockpit index was 38.2, showing a stable growth of 1.6 units month-on-month [8]. - The smart driving index significantly increased by 3.2 units to 39.7, reflecting a strong growth momentum [9]. - The external smart index decreased slightly by 0.8 units to 17.0, indicating a minor pullback from previous growth [12]. Market Performance - In June 2025, the retail sales of passenger cars in China reached 2.085 million units, representing a year-on-year growth of 18.2% and a month-on-month increase of 7.6% [12]. - The retail sales of new energy vehicles amounted to 1.112 million units, with a year-on-year growth of 29.8% and a month-on-month increase of 8.2% [12]. Future Expectations - The article anticipates that the passenger car market will continue to experience growth in July 2025, with the intelligence index expected to maintain a steady upward trend [13]. - The intelligence index is designed to adapt and set mid-term development goals based on the characteristics of each sub-index, ensuring continuous improvement in monitoring market dynamics [13]. Index Composition and Calculation - The passenger car intelligence index consists of one primary index and three secondary indices: smart cockpit index, smart driving index, and external smart index [6][15]. - The calculation method for the intelligence index incorporates weighted contributions from the smart cockpit, smart driving, and external smart indices [16]. Weighting Factors - The smart cockpit has a weight of 47.5%, reflecting its immediate impact on user experience and purchase decisions [18]. - The smart driving index is weighted at 37.5%, indicating its long-term transformative potential for the automotive industry [19]. - The external smart index is assigned a weight of 15.0%, representing its emerging role in enhancing vehicle interaction with the environment [22].

Core Insights - The passenger car intelligence index for May 2025 is reported at 33.8, indicating a recovery in the upward trend of the index [8] - The smart cockpit index stands at 36.6, showing a month-on-month increase of 2.2, reflecting positive growth [3] - The smart driving index is at 36.5, with a month-on-month increase of 2.0, indicating a return to an upward trajectory [6] - The external smart index is recorded at 17.8, with a slight increase of 0.8, showing a moderate upward trend [9] Market Performance - In May 2025, the retail sales of passenger cars reached 1.938 million units, representing a year-on-year growth of 13.7% and a month-on-month growth of 10.0% [8] - The retail sales of new energy vehicles in May 2025 amounted to 1.027 million units, with a year-on-year increase of 28.9% and a month-on-month increase of 12.7% [8] - The increase in the intelligence index is attributed to the rapid sales growth of newly launched high-intelligence models, such as the AITO M8, AITO M9, Galaxy Star 8, and Zeekr 007, along with a significant recovery in sales of Tesla's main models [8] Future Outlook - The overall market performance in May indicates a rebound in the passenger car intelligence index, signaling a restart of the upward trend [10] - Based on current market dynamics, the passenger car market is expected to continue the recovery trend observed in May, with the intelligence index likely to maintain steady growth [10]