作者 | Janson 据悉，此次融资是继2025年初获得高瓴投资、中金保时捷及浙江金控投资后的又一次大规模注资，这也是充分反映了资本市场对智驾大陆技术路径及其商 业化潜力的持续认可。 智驾大陆成立于2022年，是由地平线（Horizon Robotics）与欧摩威集团（Vitesco Technologies）共同注资成立的合资企业。 智驾大陆定位为智能驾驶系统供应商，业务覆盖高级辅助驾驶（ADAS）及智能辅助驾驶解决方案，通过整合地平线的算法算力与欧摩威的全球供应链管 理经验，服务于国内外汽车制造商。 目前，智驾大陆已构建基于同源架构的可拓展产品组合，主要分为繁星（HCT Astra）和皓月（HCT Luna）两大系列。 已斩获10余款车型定点，自研城区NOA将下探至10万级市场。 编辑 | 志豪 车东西1月7日消息，日前，全球智驾方案供应商智驾大陆（neueHCT）正式宣布在2025年12月31日完成规模近2亿美元（约合人民币14亿元）的新一轮融 资。 公开信息显示，本轮融资由云锋基金、达晨财智、国晨创投、混沌投资、碧鸿投资、宁波通商基金（甬宁高芯基金）等知名产业资本及市场化基金联合投 资。 同时，公司 ...

Group 1 - The core viewpoint of the news is that Horizon and Omniview Group's joint venture, Smart Driving Mainland, has successfully completed a new round of financing amounting to nearly $200 million, indicating strong market interest and the potential for commercialization in the smart driving sector [1][2] - The financing highlights the recognition of a new collaborative model in smart driving, which combines domestic technology with overseas channels, effectively addressing the challenges of market entry and localization for Chinese smart driving companies [1] - The partnership leverages Omniview Group's extensive global OEM resources and supply chain management experience, along with Horizon's advanced end-to-end smart driving technology, enabling successful product validation and mass production in multiple countries [1] Group 2 - The acceleration of smart driving accessibility is another key factor attracting capital, as the new HCT Astra urban intelligent driving solution targets the 100,000 yuan passenger car market, making advanced driving assistance more widely available [2] - This breakthrough aligns with industry demands and positions the company to achieve over 10 model launches by 2025, leading the industry in commercialization efficiency and marking the entry of high-level urban smart driving into the mass market [2] - The financing progress reflects a new trend in the industry where technological accessibility and global expansion are becoming core competitive advantages for smart driving companies, with the funds aimed at enhancing R&D and market outreach [2]

迪拜道路与交通管理局负责人在活动现场表示，此次许可的颁发及基地启用，是迪拜推动智慧出行战略 的关键步骤，旨在为公众提供更安全、高效的创新出行选择。百度智能驾驶事业群组总裁则表示，迪拜 前瞻性的政策环境与基础设施为无人驾驶技术落地提供了良好条件，企业期待深度参与当地智慧交通系 统建设。 据了解，双方合作始于2025年3月签署的战略协议。此后，萝卜快跑于同年7月获得了迪拜的首张自动驾 驶测试牌照，并开始组建测试车队。此次获得全无人驾驶测试许可，标志着其在当地的技术验证与商业 化准备进入新阶段。 来源：中国青年报客户端 中国青年报客户端讯（中青报·中青网记者 张真齐）1月6日，萝卜快跑正式获得由迪拜道路与交通管理 局颁发的全无人驾驶测试许可，成为当前迪拜唯一获此许可的企业。根据许可，萝卜快跑可在迪拜指定 区域开展不配备安全员的全无人驾驶车辆公开道路测试，为其后续启动商业化运营铺平了道路。 同日，萝卜快跑在迪拜建设的首个一体化运营基地正式投入启用。该基地具备无人驾驶车辆的日常运 营、维护、安全监控与人员培训等综合功能。迪拜方面表示，该基地的启用是其"2030智能城市战略"的 一部分，该战略目标之一是到2030年将全市 ...

这一判断，也与刚刚结束的2026 年 CES 释放出的信号一致。与前几年以电动化为主线不同，本届 CES 上，AI 成为最核心的主题，智能辅助驾驶成为被反复讨论的落地场景之一。 从展会释放的信息来看，在电动车节奏放缓之后，行业竞争的重点正在转向 AI 驱动的驾驶能力，尤其 是更接近量产和规模应用的辅助驾驶方案。在这样的背景下，资本并没有离开智能驾驶，而是开始更集 中地寻找已经接近商业化形态的公司。 出海路径 过去几年，中国智能驾驶公司出海，主要方式是技术输出，卖算法、卖方案、卖算力平台。但在海外主 机厂的真实决策中，技术并不是唯一标准。是否符合当地法规，是否通过安全测试，供应链是否稳定， 售后和系统维护能否长期保障，能否建立起值得信赖的合作关系，往往比技术能力本身更重要。 经观感知 2025年12月31日，地平线与欧摩威集团合资成立的智驾大陆（neueHCT）完成近2亿美元融资。 参与投资的机构包括云锋基金、达晨、混沌投资、碧鸿投资、宁波通商基金等，原有股东继续追加投 资。作为地平线面向全球市场的重要智能驾驶布局，智驾大陆在成立之初就被赋予了"立足中国、服务 全球"的定位。 在智能驾驶行业持续向L3、L4 推 ...

Core Viewpoint - The company, Zhonghaid, has reported strong delivery performance and stable production capacity for its in-vehicle software and hardware products, collaborating with several major automotive manufacturers and Robotaxi clients [2] Group 1: Company Performance - The delivery situation of the company's in-vehicle software and hardware products is good, with sufficient and stable production capacity [2] - The company has established partnerships with notable automotive manufacturers including Xiaopeng, Geely, SAIC, Great Wall, Dongfeng, and FAW, as well as Robotaxi clients such as Didi, Baidu Apollo, Hello Auto, and Momanta [2] Group 2: Product Advantages - The company's high-precision in-vehicle products have mass production experience, with a comprehensive product layout including GNSS antennas, positioning modules, fusion algorithms, and IMUs, providing a full-stack positioning solution [2] - The in-vehicle software and hardware products are designed to adapt to the trends of integrated domain control hardware platforms and BEV algorithm architecture evolution, forming platform-based products that can quickly meet the changing technical requirements of automotive clients [2] - The annual shipment volume of the company's high-precision hardware products has exceeded one million units, demonstrating advantages in the automotive parts supply chain, ensuring cost, quality, and delivery meet the high-quality and long-term stable delivery requirements of clients [2]

智驾大陆neueHCT辅助驾驶产品矩阵 2025年12月31日，智驾大陆neueHCT完成近2亿美元融资。本次融资由云锋基金、达晨(达晨财智、国晨创投)、混沌投资、碧鸿投资、宁波通商基金(甬宁高 芯基金)等领先产业资本及市场化基金联合投资，战略股东欧摩威集团(前大陆集团汽车子集团)与地平线(09660)继续追加投资。这是继2025年年初高瓴投 资、中金保时捷、浙江金控参投的首轮市场化融资后，公司再获投资机构密集认可，彰显公司技术实力与商业化潜力。 伴随全球智能汽车行业发展和智能驾驶技术突破，智能驾驶供应商迎来结构性机遇。作为地平线与欧摩威集团联合发起的科技企业，neueHCT秉持"智驾平 权，让出行更安全便捷"的使命，秉承"将领先的智能驾驶产品带到每一块大陆"的愿景，服务全球主机厂客户。 =Radar =Came 依托核心技术积淀，公司已构建"繁星HCT Astra城区智能辅助驾驶+皓月HCT Luna高性能ADAS方案"产品矩阵，其中新一代繁星HCT Astra一段式端到端系 统，以类人驾驶体验适配复杂城区路况，将好用的城区辅助驾驶普惠到10万元级乘用车。2025年，公司已斩获超10款车型定点合作，商业化落 ...

伴随全球智能汽车行业发展和智能驾驶技术突破，智能驾驶供应商迎来结构性机遇。作为地平线与欧摩威集团联合发起的科技企业，neueHCT秉持 "智驾平 权，让出行更安全便捷" 的使命，秉承"将领先的智能驾驶产品带到每一块大陆"的愿景，服务全球主机厂客户。 =Radar =Came 智通财经APP获悉，2025年12月31日，智驾大陆neueHCT完成近2亿美元融资。本次融资由云锋基金、达晨(达晨财智、国晨创投)、混沌投资、碧鸿投资、宁 波通商基金(甬宁高芯基金)等领先产业资本及市场化基金联合投资，战略股东欧摩威集团(前大陆集团汽车子集团)与地平线(09660)继续追加投资。这是继 2025年年初高瓴投资、中金保时捷、浙江金控参投的首轮市场化融资后，公司再获投资机构密集认可，彰显公司技术实力与商业化潜力。 依托核心技术积淀，公司已构建 "繁星HCT Astra城区智能辅助驾驶 + 皓月HCT Luna高性能ADAS方案" 产品矩阵，其中新一代繁星HCT Astra一段式端到端 系统，以类人驾驶体验适配复杂城区路况，将好用的城区辅助驾驶普惠到10万元级乘用车。2025年，公司已斩获超10款车型定点合作，商业化落地效率凸 ...

Investment Rating - The report maintains a "Positive" investment rating for the industry [7]. Core Insights - NVIDIA has released the Alpamayo series of open-source AI models, simulation tools, and datasets aimed at advancing the development of safe and reliable inference-based assisted driving vehicles. This initiative is expected to accelerate the commercialization of advanced intelligent driving technologies [2][4]. - The intelligent driving industry is anticipated to benefit from new technologies, leading to accelerated scaling and commercialization, positively impacting the entire industry chain. The report suggests focusing on intelligent driving hardware providers and autonomous driving operation platforms like Robotaxi [10]. Summary by Sections Event Description - NVIDIA launched the Alpamayo series on January 5, 2026, to promote the development of safe and reliable inference-based assisted driving vehicles [4]. Event Commentary - The Alpamayo model introduces a visual-language-action (VLA) reasoning model for assisted driving decisions, showcasing the logic behind each decision and identifying unique driving situations that may not occur during normal driving. The model is based on a 10 billion parameter architecture, with future models expected to have larger parameter scales and enhanced reasoning capabilities [10]. - NVIDIA also released the open-source simulation framework AlpaSim and a large-scale open dataset containing over 1,700 hours of driving data, which supports high-fidelity autonomous driving development and rapid validation and strategy optimization [10]. - The Alpamayo model has garnered significant attention from leading companies in the mobility sector, such as Lucid, Jaguar Land Rover, and Uber, as well as experts from institutions like S&P Global and Berkeley DeepDrive. The core value of Alpamayo lies in advancing physical AI development and addressing unpredictable driving scenarios [10].

天眼查显示，北京智驭科技有限公司于2025年12月29日成立，注册资本为300万元，主要经营业务包括人工智能应用软件开发、人工智能基 础软件开发、人工智能行业应用系统集成服务、智能车载设备制造、汽车零配件批发、汽车零配件零售、电子元器件批发等。 | 工商信息 历史工商信息0 | | | | | | 미 导出 | | --- | --- | --- | --- | --- | --- | --- | | 企业名称 | 北京智歌科技有限公司 | | | | | | | 法定代表人 | + 干磊 x 关联企业 39 | 登记状态 2 | 存续 | 天眼评分 ⑦ | 63 # | | | | | 成立日期 | 2025-12-29 | | | | | 统一社会信用代码 ⑦ | 91110108MAK482E3X3 | 注册登本 (2 | 300万人民币 | 年增后本 | | | | 工商注册号 | 110108046527231 | 纳税人识别号 ② | 91110108MAK482E3X3 | 组织机构代码 ② | MAK482E3-X | | | 菅业期限 | 2025-12-29 至 无固定期限 | 纳税人资质 ...

Summary of Key Points from Conference Call Records Industry Overview - **Chinese Technology Stocks**: Benefiting from hard technology and domestic substitution policies, sectors like semiconductors, AI computing power, hardware, and optical modules are thriving. AI is identified as the core theme for the year, with companies like Shenghong Technology, New Yisheng, and Zhongji Xuchuang gaining from this trend [1][4]. - **US Technology Stocks**: A concentrated market structure is evident, with only Google and Nvidia outperforming the Nasdaq index in 2025. The S&P 500 profits are overly concentrated among seven major companies, accounting for 26% of total profits [1][4]. Core Insights and Arguments - **Market Performance**: In 2025, Chinese technology stocks entered a structural bull market, with the ChiNext Index and STAR Market Index rising nearly 50% and the Hang Seng Tech Index increasing by 23.5%, outperforming the Nasdaq's 20% gain [2][4]. - **AI Industry Chain**: The AI sector is driving growth in the electronics industry, with a surge in storage demand leading to price increases. Companies like Industrial Fulian and Huanxu Electronics are showing strong performance due to their product offerings [1][5]. - **Capitalization of AI Applications**: The acceleration of AI application commercialization is expected in 2026, with significant valuation opportunities in the internet sector and related A-share companies [6][7]. Notable Events and Developments - **Key Events in December**: OpenAI's collaboration with Disney and the release of GPT-5.2 Codex are significant milestones that will influence market dynamics and drive demand for domestic computing power [10][11]. - **Ding Tai Gao Ke's Performance**: The company anticipates a net profit increase of 81% to 103% in 2025, driven by surging demand in servers and data centers [12][13]. Investment Opportunities - **Recommended Companies**: Investors are advised to focus on Baidu, Alibaba, Kuaishou, Tencent, Meitu, and others, as these companies are expected to benefit from the ongoing trends in AI and technology [9]. Additional Insights - **AI Application Growth**: The rise of AI applications, such as ChatGPT, is expected to significantly enhance productivity and market expansion, with user engagement metrics indicating strong growth [7][8]. - **Automotive Industry Policy Changes**: New subsidy policies for the automotive sector are anticipated to stimulate demand, particularly for electric vehicles, with companies like Geely and BYD recommended for investment [14][15].