"全球Robotaxi第一股"小马智行的证券化正迎来关键性进展。 日前，小马智行顺利通过港交所聆讯。 这是继2024年11月登陆纳斯达克后，小马智行证券化道路中再度取得的一个关键性进展——"美股+港股"双重上市在即。 另一方面，此次回港有利于拉近小马智行与内地投资者的距离。 在美股市场监管政策充满不确定性的当下，这为小马智行构建了一道资本防护河。 不到1年的时间连续登陆纳斯达克、港交所两大资本市场背后，是小马智 行的商业模式被得到进一步的认可。 小马智行是首家在中国推出自动驾驶出行服务的科技公司，主攻L4自动驾驶技术，业绩已足具规模。 2022年至2024年，小马智行的收入分别为6838.6万美元、7189.9万美元和7502.5万美元。 目前市场普遍预计，伴随着成本降低和商业化探索，2025年将是小马智行大规模商业化的元年。 这从近期的财务成果中已得到初步验证，2025年第二季度小马智行的收入为2150万美元，同比增长75.9%。 作为"全球 Robotaxi第一股"，小马智行的商业化价值逐步从资本预期转化为实际业绩。 此次回港上市对于小马智行来说，并不是一次简单的IPO募资。 一方面，这相当于为小马智行上 ...

在人工智能论坛上，滴滴联合创始人、滴滴自动驾驶CEO张博分享了AI赋能汽车自动驾驶的思考和实践。他表示，L4自动驾驶技术是下个十年人工智 能时代最重要的技术变革之一，将大幅提升出行安全、效率与体验。混合出行网络是自动驾驶商业化冷启动的最佳路径。 10月16日至18日，由工业和信息化部、交通运输部、北京市人民政府共同主办的2025年世界智能网联汽车大会（WICV）在北京举办。滴滴自动驾驶展 示了与广汽埃安联合打造的前装自动驾驶车、Robotaxi智能运维体系等多项创新成果，并在大会现场提供安全、便捷的无人驾驶接驳服务。 稳健推进L4自动驾驶发展 展台现场，滴滴自动驾驶展出了新一代前装自动驾驶车。该车基于广汽埃安纯电专属平台开发，搭载了滴滴自动驾驶全新一代硬件平台，传感器总数量 达33个，通过激光雷达、摄像头、4D毫米波雷达、红外相机、声音传感器等多传感器异构探测与前融合的方式，能实现360°全场景、全工况感知识别。车 身前大灯灯组与智能交互屏联通成为一体贯穿设计，智能交互屏可以显示欢迎、感谢、表情、车辆状态等丰富信息，使得Robotaxi更具互动性和辨识度。 滴滴自动驾驶全栈自研的高性能计算平台虎鲸也在新车型上 ...

资料显示，滴滴自动驾驶上一次融资发生于2024年10月，彼时C轮获2.98亿美元融资，由广汽集团领投，滴滴参 与。融资资金主要用于加大自动驾驶技术的研发投入，加速推动与广汽合作的首款Robotaxi量产车落地。 滴滴联合创始人、滴滴自动驾驶CEO张博表示，L4自动驾驶技术是下个十年人工智能时代最重要的技术变革之 一，将大幅提升出行安全、效率与体验。 今年以来，滴滴自动驾驶在北京和广州开启了全场景、全无人测试，无人车在早晚高峰、深夜、骤雨等复杂出行 场景中表现稳定。滴滴自动驾驶和广汽埃安联合打造的新一代前装自动驾驶车，计划于2025年底交付，之后在北 京、广州等地开展示范应用。 10月11日，滴滴自动驾驶宣布获得D轮融资，融资总额20亿元。投资方包括中关村科学城科技成长基金、北京信 息产业发展投资基金、北京市人工智能产业投资基金、广汽集团、广州广花基金及滴滴。资金将用于加大AI研发 投入、推动L4自动驾驶应用落地，助力交通运输行业高质量发展。 根据滴滴自动驾驶9月披露数据，其与广汽埃安联手打造的前装量产自动驾驶车已完成高温场景下的车辆安全性 与可靠性验证，目前，该车型正持续进行各种测试——涵盖电磁干扰、综合耐久 ...

Core Insights - Didi Autonomous Driving announced a Series D funding round, raising a total of 2 billion yuan [1] - The funding will be used to enhance AI research and development and promote the application of Level 4 autonomous driving technology [1] - Didi's co-founder and CEO of Didi Autonomous Driving, Zhang Bo, emphasized that Level 4 autonomous driving technology is one of the most significant technological transformations in the next decade [1] Funding Details - The investors include Zhongguancun Science City Technology Growth Fund, Beijing Information Industry Development Investment Fund, Beijing Artificial Intelligence Industry Investment Fund, GAC Group, Guangzhou Guanghua Fund, and Didi itself [1] - The total amount raised in this funding round is 2 billion yuan [1] Technology Development - Didi Autonomous Driving has nearly ten years of experience in AI, mass production, and operations [1] - The company is committed to responsible technological innovation while exploring new employment opportunities [1] - Didi has initiated full-scene, fully unmanned testing in Beijing and Guangzhou, demonstrating stable performance in complex travel scenarios [1] Future Plans - Didi Autonomous Driving and GAC Aion are collaborating to create a new generation of pre-installed autonomous driving vehicles, which are expected to be delivered by the end of 2025 [1] - Demonstration applications are planned for cities like Beijing and Guangzhou following the vehicle delivery [1]

Core Insights - Didi Autonomous Driving announced a Series D funding round, raising a total of 2 billion yuan, with investors including various funds and automotive groups [1] - The funds will be used to enhance AI research and development and promote the application of Level 4 autonomous driving, contributing to the high-quality development of the transportation industry [1] Funding Details - The total amount raised in the D round is 2 billion yuan [1] - Investors include Zhongguancun Science City Technology Growth Fund, Beijing Information Industry Development Investment Fund, Beijing Artificial Intelligence Industry Investment Fund, GAC Group, Guangzhou Guanghua Fund, and Didi itself [1] Technology Development - Didi Autonomous Driving has initiated full-scene, fully driverless testing in Beijing and Guangzhou this year, demonstrating stable performance in complex scenarios such as peak hours and heavy rain [1] - A new generation of pre-installed autonomous driving vehicles, co-developed with GAC Aion, is planned for delivery by the end of 2025, with subsequent demonstration applications in cities like Beijing and Guangzhou [1] Strategic Vision - Didi's co-founder and CEO of Didi Autonomous Driving, Zhang Bo, emphasized that Level 4 autonomous driving technology will be one of the most significant technological transformations in the next decade of the AI era, greatly enhancing travel safety, efficiency, and experience [1] - The company has nearly a decade of experience in AI, mass production, and operations, and is committed to responsible technological innovation while exploring new employment opportunities and steadily advancing autonomous driving development [1]

智通财经记者 | 宋佳楠 10月11日，滴滴自动驾驶宣布获得D轮融资，融资总额20亿元。投资方包括中关村科学城科技成长基金、北京信息产业发展投资基金、北京市人工智能产业 投资基金、广汽集团、广州广花基金及滴滴。滴滴方面称，资金将用于加大AI研发投入、推动L4自动驾驶应用落地。 | 融资轮次 | 时间 | 融资额 | 投资方 | | --- | --- | --- | --- | | A 轮 | 2020 年 5 月 | 超５亿美元 | 软银愿景基金 | | B 轮 | 2021 年 | 超 3 亿美元 | IDG 资本、CP 际、建银国际 | | 战略融资 | 2022 年 | 未披露 | 阿布扎比穆巴: | | C-1 轮 | 2023 年 10 月 | 1.49 亿美元 | 广汽资本、广 | | C 轮 | 2024 年 10 月 | 2.98 亿美元 | 广汽集团领投 | | D 轮 | 2025 年 10 月 11 日 | 20 亿元人民币 | 中关村科学城 金、北京市人 | | | | | 基金及滴滴 | 滴滴自动驾驶已披露的各轮融资情况 制图：宋佳楠 目前，滴滴自动驾驶的研发重点聚焦于提升自动驾驶 ...

Core Viewpoint - Didi Autonomous Driving has announced a Series D financing round, raising a total of 2 billion yuan to enhance AI research and development and promote the application of L4 autonomous driving technology [1] Group 1: Financing Details - The financing round includes investments from multiple entities such as Zhongguancun Science City Technology Growth Fund, Beijing Information Industry Development Investment Fund, Beijing Artificial Intelligence Industry Investment Fund, GAC Group, Guangzhou Guanghua Fund, and Didi itself [1] - The funds will be utilized to increase investment in AI R&D and support the high-quality development of the transportation industry [1] Group 2: Technology and Development - Didi's co-founder and CEO of Didi Autonomous Driving, Zhang Bo, emphasized that L4 autonomous driving technology is one of the most significant technological transformations in the upcoming decade of artificial intelligence [1] - The company has nearly a decade of experience in AI, mass production, and operations, and is committed to responsible technological innovation while exploring new employment opportunities [1] Group 3: Testing and Future Plans - In 2023, Didi Autonomous Driving has initiated full-scene, fully unmanned testing in Beijing and Guangzhou, demonstrating stable performance in complex travel scenarios such as peak hours, late nights, and heavy rain [1] - A new generation of pre-installed autonomous driving vehicles, co-developed with GAC Aion, is planned for delivery by the end of 2025, with subsequent demonstration applications in cities like Beijing and Guangzhou [1]

Core Insights - Didi Autonomous Driving has announced a Series D funding round, raising a total of 2 billion yuan [1] - The funding will be used to enhance AI research and development and promote the application of Level 4 autonomous driving technology [1] - Didi's co-founder and CEO of Didi Autonomous Driving, Zhang Bo, emphasized that Level 4 autonomous driving technology is one of the most significant technological transformations in the next decade [1] Funding Details - The investors in this funding round include Zhongguancun Science City Technology Growth Fund, Beijing Information Industry Development Investment Fund, Beijing Artificial Intelligence Industry Investment Fund, GAC Group, Guangzhou Huahua Fund, and Didi itself [1] - The total amount raised in this round is 2 billion yuan [1] Technology Development - Didi Autonomous Driving has nearly ten years of experience in AI, mass production, and operations [1] - The company is committed to responsible technological innovation while exploring new employment opportunities [1] - Didi Autonomous Driving has initiated full-scene, fully unmanned testing in Beijing and Guangzhou this year, demonstrating stable performance in complex travel scenarios [1] Future Plans - Didi Autonomous Driving and GAC Aion are collaborating to create a new generation of pre-installed autonomous driving vehicles, which are expected to be delivered by the end of 2025 [1] - Following the delivery, demonstration applications will be conducted in cities such as Beijing and Guangzhou [1]

Core Insights - New Stone's unmanned vehicle has achieved a significant milestone with the delivery of its 10,000th vehicle, marking a critical step from technology validation to large-scale deployment within seven years since its establishment in 2018 [1][2] - The company emphasizes safety as a non-negotiable priority, focusing its research and operational efforts on safety through a perception solution that combines vision and laser radar [1][4] Group 1: Production and Delivery - New Stone's monthly sales are approaching 2,000 units, with an expectation to exceed 15,000 units for the year and a projected domestic demand of 40,000 to 50,000 units next year [2][4] - The company has transitioned from a trial phase to commercial operations, with a tenfold increase in delivery speed from 2024 onwards [2][4] Group 2: Market Dynamics - The growth in the unmanned vehicle sector is driven by a combination of technological advancements, market demand, and supportive policies, with key milestones including the open-source Transformer in 2021 and the opening of road rights for unmanned vehicles in Beijing [4][5] - The logistics industry is experiencing a shift towards a price competition phase, but New Stone believes the true business model lies in providing transportation services rather than selling vehicles [5][6] Group 3: Opportunities and Challenges - The company currently derives 70-80% of its sales from the express delivery sector, but non-express scenarios are rapidly emerging, with significant partnerships expanding from pilot projects to large-scale operations [6][7] - The transition from planned logistics to instant logistics presents a substantial market opportunity, potentially expanding the market size from millions to tens of millions of vehicles [6][7] Group 4: Future Outlook - New Stone aims for exponential growth in the unmanned vehicle market, targeting a long-term goal of reaching one million vehicles, contingent on the gradual opening of road rights based on demand [7] - The company faces challenges in global expansion, including local regulations and the need for localized operational teams, which complicates international market entry [6][7]

Core Insights - Huawei's intelligent driving solution, ADS 4, is expected to achieve pilot commercial capabilities for high-speed L3 level and urban L4 level testing by the end of this year, with hopes for full capabilities in 2024 [1] - By July 2025, over 1 million vehicles equipped with Huawei's intelligent driving system are projected, alongside the delivery of over 1 million laser radars [1] - The system has accumulated 4 billion kilometers of assisted driving mileage, successfully avoiding 2.54 million potential collision events [1] Usage Statistics - The parking assistance feature has been used over 10 million times [1] - In July alone, users averaged nearly 700 kilometers of assisted driving and 37 instances of assisted parking per person [1] - The voice assistant "Xiao Yi" has been invoked 2.4 billion times, with seamless transfer functionality used 140 million times [1] Implementation and Future Plans - Since the launch of ADS 4 in April, it has been first implemented in the Zun Jie S800 model, with more vehicle upgrades expected to start in September [1] - Huawei aims to achieve pilot projects for unmanned logistics by 2027 and scale commercial operations for urban L4 by 2028, promoting rapid development of L3 and L4 autonomous driving technology [1]