Core Viewpoint - The transformation of the specialized vehicle industry in China is gaining momentum, driven by technological innovation, ecological restructuring, and global layout, aiming for a strategic leap from traditional manufacturing to intelligent services and from regional markets to global value networks [1][2]. Group 1: Industry Trends - The specialized vehicle industry is undergoing a significant transformation, shifting from "commercial vehicle subtraction" to "value addition" and moving towards electric and intelligent solutions [2]. - The market share of specialized vehicles within the commercial vehicle sector is increasing, rising from 6% in 2016 to over 10% [3]. - The penetration rate of new energy specialized vehicles is expected to reach 30% by 2024, with sales projected to exceed 300,000 units, reflecting a growth rate close to 50% [3][4]. Group 2: Technological Advancements - The specialized vehicle sector is experiencing simultaneous advancements in electrification and intelligence, unlike the passenger vehicle sector, which followed a sequential development pattern [5]. - Intelligent driving and automation are particularly suited for specialized vehicles, with specific operational scenarios such as sanitation work being ideal for commercial application [6]. - Companies like Jianghuai and Yutong are actively developing L4-level autonomous vehicles, with plans for large-scale production and market application by 2030 [6]. Group 3: Market Dynamics - The specialized vehicle market is characterized by a shift towards high-end equipment and lifecycle services, moving away from traditional manufacturing models [2]. - The industry is currently in a strategic opportunity period, influenced by policy benefits, technological changes, and global competition [2]. - The integration of new materials, production technologies, and modern management systems is essential for the industry's evolution [2].

Core Viewpoint - The smart automotive sector is experiencing accelerated penetration of intelligent technology, which is expected to drive differentiation within the industry, particularly in the automotive parts sector [1]. Group 1: Industry Insights - The Special Vehicle Industry Innovation Development Conference was held in Shiyan, Hubei from May 15 to 17, focusing on the implementation of new energy and intelligent technology, emphasizing industry chain collaboration and global layout [1]. - Data indicates that by 2024, the penetration rate of new energy special vehicles in China is projected to reach 29.8% [1]. - The automotive parts sector is expected to see a divergence in revenue and profit growth from Q4 2024 to Q1 2025, with the intelligent driving industry chain performing notably well [1]. Group 2: Market Trends - Benefiting from the increase in intelligent driving penetration, sectors such as intelligent chassis, domain control, and sensors are expected to see performance growth surpassing the industry average [1]. - The penetration rate of L2.5 and above intelligent driving models is anticipated to enter a rapid growth phase by 2025 [1]. - The passenger vehicle market is accelerating its phase-out, with leading domestic automakers and new force car companies expected to expand their market share [1]. Group 3: Commercial Vehicle Outlook - In the commercial vehicle segment, new energy buses are maintaining high demand supported by subsidy policies, while the heavy truck market shows resilience in both domestic and international demand [1]. - Gas and new energy heavy trucks are likely to continue benefiting from market conditions [1]. Group 4: ETF and Index Information - The Smart Automotive ETF (159889) rose by 1.63%, tracking the CS Smart Automotive Index (930721), which is compiled by China Securities Index Co., Ltd. and includes listed companies involved in intelligent driving and vehicle networking [1].

Core Viewpoint - The specialized vehicle industry is undergoing a significant transformation, moving towards high value, high growth, and high technology, driven by innovation and the need to redefine traditional perceptions of the industry [1][2]. Group 1: Industry Transformation - The specialized vehicle sector is experiencing a leap in development, shifting from a fragmented and chaotic industry to one characterized by innovation and competitiveness [1]. - The dual drivers of green and intelligent technology are pivotal for the transformation of the specialized vehicle industry [2]. - By the end of the 14th Five-Year Plan, it is predicted that the penetration rate of electric specialized vehicles in urban logistics and public sectors will reach nearly 30% [2]. Group 2: Market Opportunities - The market for overseas production and sales of Chinese vehicles is expected to exceed 10 million units by 2030, presenting a strategic opportunity for the internationalization of commercial and specialized vehicles [3]. - The transition from fuel-based products to new energy intelligent products is essential for breaking domestic market competition and linking with global markets [3]. Group 3: Value Addition - The traditional view of specialized vehicles as mere modifications of commercial vehicle chassis is outdated; the focus should shift to adding value through advanced technologies and functionalities [4]. - Companies that capture specific scenarios and niche markets will emerge as industry leaders, leveraging intelligent technology to elevate specialized vehicles to a high-tech industry [4]. Group 4: Functional Evolution - The functional attributes of specialized vehicles are evolving from traditional tools to multifunctional high-end equipment, indicating a significant industry trend [5]. - The concept of integrated development of vehicle functions is gaining traction, moving away from the separation of commercial and specialized vehicles [5]. Group 5: Industrial Thinking - The specialized vehicle industry must adopt a large-scale industrial mindset to overcome fragmentation and enhance integration and scalability [6][7]. - Implementing automotive industrial thinking can lead to cost-effective production and the development of high-end products [7]. Group 6: Business Model Shift - The automotive industry is transitioning from a product-centric model to a lifecycle-oriented value operation model, particularly suitable for the specialized vehicle sector [8]. - Companies are encouraged to shift from merely selling vehicles to providing value-added services throughout the vehicle's lifecycle [8].

Core Viewpoint - The article highlights the innovation and development in the specialized vehicle industry showcased at the Specialized Vehicle Technology Exhibition held in Shiyan, Hubei, emphasizing the integration of advanced technologies and the push towards high-end, intelligent, and green vehicles [1][45]. Group 1: Autonomous Vehicles - Guorui Intelligent presented three models of L4 level autonomous commercial vehicles, including a refrigerated truck, a street sweeper, and a logistics vehicle, showcasing their expertise in the automotive equipment sector [3][5][8]. - Dongfeng Special Automobile exhibited an L4 level autonomous logistics vehicle and a light passenger vehicle capable of both manual and autonomous driving, featuring advanced technologies for complete autonomous operation in various environments [7][9][10]. Group 2: New Energy Specialized Vehicles - Dongfeng Commercial Vehicles showcased two pure electric chassis products, demonstrating their leading R&D capabilities and market application in the new energy specialized vehicle sector [11]. - The Dongfeng Tianjin pure electric street sweeper chassis is designed for urban main roads and heavy-duty cleaning tasks, featuring an upgraded EBS braking system and enhanced low-temperature adaptability [14]. - Another model, the Dongfeng Tianjin pure electric cleaning vehicle chassis, is tailored for complex environments like urban roads and construction sites, with a high protection level for its electrical systems [17][20]. Group 3: Drone Firefighting Vehicles - Hubei Yizhuan, Shenzhen Dongfeng (Shiyan) Automobile, and Xunjie An Emergency Equipment Technology showcased drone firefighting vehicles, highlighting their multifunctional capabilities for various firefighting scenarios [23][24][26]. - The Hubei Yizhuan drone firefighting vehicle, based on the Dongfeng Tianjin chassis, can effectively combat fires in mid to high-rise buildings and forests, with a firefighting range of up to 150 meters [23]. - The Xunjie An drone firefighting vehicle integrates heavy-load drones with firefighting capabilities, designed for urban high-rise fire rescue operations [26]. Group 4: Diverse Specialized Vehicle Offerings - Shiyan Jishen Automobile presented three models of camper vans based on Iveco chassis, showcasing the diversity in specialized vehicle offerings [31]. - Jianghuai and Jiangling also displayed modified camper vans based on their respective chassis, indicating a growing trend in the leisure vehicle market [32][33].

Core Insights - The conference held by the Electric Vehicle Hundred People Association focused on the transformation of the specialized vehicle industry, emphasizing "high-end, intelligent, and green" development paths [2] - The industry is undergoing a significant shift driven by policy support and technological advancements, with a notable increase in the penetration rate of new energy in specialized vehicles [3][4] Policy and Market Dynamics - The penetration rate of new energy in specialized vehicles is projected to rise from 1% in 2021 to 15% by 2025, outpacing that of passenger vehicles [3] - Strong policy initiatives post-2020, particularly the "dual carbon" goals, have accelerated the electrification of public sector vehicles, with a forecast of over 300,000 new energy specialized vehicles sold in 2024, marking a nearly 50% growth [3] Technological Innovations - Breakthroughs in charging technology have reduced the charging time for new energy heavy trucks from several hours to 30 minutes, alleviating "range anxiety" [3] - The integration of advanced technologies, such as the "Rui Control E Platform" by Yutong, has led to a 20% reduction in energy consumption [4] - The domestic production rate of key components like high-rate batteries and chips has exceeded 90%, with costs decreasing by 40% compared to three years ago [4] Scene-based Innovation - The future of specialized vehicles lies in identifying high-value niche markets rather than competing in saturated markets [5] - Companies are innovating by developing products tailored to specific operational scenarios, such as electric mixing trucks achieving a 71% penetration rate due to their suitability for short-distance operations [3][5] Industry Collaboration and Ecosystem Development - The specialized vehicle sector is witnessing an "ecological competition" that is reshaping the industry landscape, with a projected 96% year-on-year growth in specialized vehicle sales in Shiyan by 2024 [7] - Collaborative efforts among companies in Shiyan have led to significant reductions in logistics costs and improved product development cycles [6] International Expansion and Market Challenges - Chinese specialized vehicle exports are transitioning from low-end products to targeting high-end markets, with a focus on overcoming barriers in the European and American markets [8] - The industry faces challenges such as stringent emission standards and the need for localized operations to enhance competitiveness [8] Future Directions - The transformation of the specialized vehicle industry is characterized by a shift from cost advantages to system capability outputs, integrating manufacturing, services, and data [9] - Key strategies for future success include strengthening foundational innovations in emerging technologies and establishing a comprehensive output model that combines technology, standards, and ecosystems [9]

Core Insights - The specialized vehicle industry is experiencing a strategic opportunity period characterized by policy benefits, technological transformation, and global competition reshaping [2] - A total of 14 key cooperation projects were signed with an investment of 5.65 billion yuan, and 4,060 specialized vehicle orders were signed with an agreement amount of 1.506 billion yuan during the event [1] Group 1: Event Overview - The Specialized Vehicle Industry Innovation Development Conference and Technology Exhibition (2025) was held in Shiyan, Hubei, featuring a theme focused on advancing high-end and intelligent development of the specialized vehicle industry [1] - The event included a technology exhibition, an opening ceremony, and multiple sub-forums discussing trends and strategies for the specialized vehicle industry [1] Group 2: Industry Growth and Projections - Shiyan's specialized vehicle output is projected to grow by 75% in 2024, with a 40% increase in the first quarter of this year, indicating a robust transformation and upgrade [2] - The city aims to establish a world-class high-end specialized vehicle industry and a national hub for safety emergency and special equipment by enhancing its manufacturing and market capabilities [2] Group 3: Industry Structure and Capabilities - Shiyan has 56 specialized vehicle qualification enterprises, producing an average of 100,000 units annually across six categories and over 3,000 products, with eight categories holding the highest national market share [3] - The "Three-Year Action Plan for High-Quality Development of Shiyan's Specialized Vehicle Industry (2025-2027)" aims to add 30 specialized vehicle enterprises and achieve a production target of 150,000 units by 2027 [3]

5月15日，由中国电动汽车百人会和东风汽车集团有限公司主办的专用车产业创新发展大会暨专用车科技展（2025）在湖北十堰拉开帷幕。此次 大会以"推进高端化 迈向智能化 提升专用车产业发展生态"为主题，在开幕大会上，中国电动汽车百人会副理事长兼秘书长张永伟作了题为《重新定 义专用车》的主旨报告，为专用车行业带来了新的思路与方向。 01 引领专用车产业转型升级 当前，我国专用车产业正处于产业结构调整、产品形态升级、技术快速迭代的转型关键期。为了进一步提升专用车产业高质量发展，聚焦专用车产业发 展的重磅报告——《重新定义专用车》应势发布。 张永伟表示，过去，社会对专用车产业的认知存在显著偏差。相较于乘用车领域，专用车行业既缺乏具有公众影响力的领军企业家，也缺少爆款产品和 明星企业，作为典型的B端产业，其社会关注度长期处于低位。 "但通过深度调研，我们形成了两个核心认知转变：首先，专用车领域创新活力充沛，已涌现众多具备市场竞争力的创新产品，整个产业都蕴藏着巨大 的发展潜力；其次，整个产业正在孕育着一场大的变革，这将推动产业从'散小乱'到质变跃迁。"张永伟说。 02 专用车正在被重新定义 张永伟在报告中指出，专用车产业蕴 ...

Core Viewpoint - The specialized vehicle industry is undergoing a significant transformation, shifting from a fragmented "commercial vehicle-" model to a more integrated "commercial vehicle+" approach, driven by innovation, technology, and diverse market demands [3][5][14]. Group 1: Industry Transformation - The specialized vehicle sector is experiencing a major leap, evolving from being perceived as disorganized to a high-value industry with competitive products [3]. - The transition involves redefining the functionality of specialized vehicles, moving from traditional tools to high-end equipment, with a focus on integrated systems [3][7]. - The demand for specialized vehicles is becoming more diversified, personalized, and professional, necessitating continuous product innovation [3][6]. Group 2: Technological Trends - Green and intelligent technologies are emerging as the core drivers of innovation within the specialized vehicle industry [6]. - The market for new energy specialized vehicles is expected to see significant growth, with sales projected to exceed 300,000 units in 2024, marking a nearly 50% increase and a penetration rate approaching 30% [6][7]. - The integration of electric and intelligent features is becoming essential, with specialized vehicles needing to adapt to specific operational scenarios for effective implementation [9]. Group 3: Export Opportunities - Exporting specialized vehicles is becoming a crucial growth avenue, with projections indicating that by 2030, China's overseas production and sales could reach 10 million units, primarily driven by new energy and intelligent products [10][12]. - The global specialized vehicle market is expected to grow from $82.3 billion to $99 billion by 2030, with a compound annual growth rate of 3.3% [12]. - Companies are encouraged to target high-end markets in Europe and the U.S. and to overcome trade barriers to capture a larger share of the international market [12]. Group 4: Ecosystem Development - A robust industrial ecosystem is essential for the healthy development of the specialized vehicle sector, moving from a fragmented model to a more integrated and large-scale approach [14][16]. - The industry must evolve from traditional manufacturing to a service-oriented model, focusing on lifecycle management and comprehensive solutions tailored to specific scenarios [16]. - Establishing modern management systems and technical standards is crucial for fostering competitive enterprises and enhancing the industry's global image [16].