Summary of Key Points from Conference Call Industry Overview - The smart automotive industry is expected to evolve through three stages: 1. Electrification penetration until 2027 2. Widespread adoption of autonomous driving from 2027 to 2030 3. Global leap of Chinese brands post-2030 [1][3] Core Insights and Arguments - The business model will shift from hardware-centric to software-centric [1][3] - Key competitive factors in autonomous driving technology include computing power, algorithms, data, funding, and talent innovation [1][4] - By 2027-2028, robotaxi services are anticipated to become commonplace, marking a significant branch of the global AI technology revolution [1][6] - The automotive industry is transitioning from 1.0 (mechanical) to 2.0 (system experience) and finally to 3.0 (separation of hardware and software) [1][8] Changes in Vehicle Framework - The vehicle framework changes with technological advancements: - Traditional vehicles focus on engines - Electric vehicles focus on the three electric systems - Smart vehicles focus on algorithms and data [1][10] - Each stage has its leaders and followers, with demand creators and satisfiers [1][10] Future Company Types - The future automotive landscape may consist of three types of companies: 1. Autonomous vehicle operation companies (internet framework) 2. High-end consumer market companies (consumer goods attributes) 3. Traditional manufacturers (manufacturing framework) [1][14] Robotaxi Business Model - Key factors for the robotaxi business model include algorithm providers, hardware cost control, platform traffic aggregation, and user operation capabilities [2][15] - The electric vehicle consumer goods framework remains effective but may have limited application [2][17] Impact of Smart Technology - Smart technology will further enhance electrification and disrupt the traditional fuel vehicle market [1][13] - The core competitive factors will shift from the three electric systems to computing power, algorithms, and data [1][13] Industry Role Classification - Companies can be classified into four roles based on their innovation contributions: 1. Technology leaders 2. Demand creators 3. Technology followers 4. Demand satisfiers [1][11] Huawei's Role - Huawei collaborates with joint ventures and state-owned enterprises in the electric vehicle sector, positioning itself as a technology follower in battery technology [1][12] Recommendations for Future Development - Companies are advised to change their mindset and focus on iterative framework development, as past strategies may no longer be applicable [1][19]