按照规划，该方案首发搭载于理想L系列智能焕新版的AD Pro车型。据悉，此方案是业内首个基于单颗 地平线征程6M芯片实现城市NOA功能的量产方案，其算力为128 TOPS。 中国青年报客户端讯（中青报·中青网记者 张真齐）1月21日，轻舟智航宣布其与理想汽车共同研发的城 市NOA（领航辅助驾驶功能）方案已实现量产上车。 "此外，该方案将端到端模型与人为定义的安全规则相结合，旨在提升系统可解释性，并通过车机界面 向驾驶员同步决策逻辑。"于骞补充说。 此次单芯片方案的成功量产，被视为降低高阶智能驾驶系统硬件成本、推动其向更多车型普及的关键一 步。业内普遍认为，以高性价比芯片方案跑通城市NOA，有助于打破过去依赖多芯片叠加算力的技术 路径，增加为更多中端车型提供搭载城市高阶辅助驾驶功能的可能性，从而影响未来市场的竞争格局。 来源：中国青年报客户端 目前，中国市场的城市NOA功能正从头部新势力品牌向更多车企渗透，成为智能化竞争的核心领域。 轻舟智航与理想汽车的合作成果，展示了通过算法优化而非单纯堆砌硬件来提升系统效能的技术方向。 轻舟智航联合创始人、董事长兼CEO于骞介绍，通过"安全端到端大模型"与软硬件深度协同优化 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - The company is experiencing short-term pressure on performance, but new customers and projects are emerging across multiple areas, indicating potential for recovery [4][6] - The company reported a revenue of 5.541 billion yuan in 2024, a year-on-year increase of 18.46%, but a net loss of 550 million yuan, which is a larger loss compared to the previous year [4][5] - For Q1 2025, the company achieved a revenue of 1.328 billion yuan, a year-on-year growth of 49.34%, with a net loss of 120 million yuan, showing a narrowing of losses compared to the previous year [4] - The company has adjusted its earnings forecasts for 2025-2026 and introduced a forecast for 2027, expecting net profits of -60 million yuan, 190 million yuan, and 329 million yuan respectively for those years [4][7] Financial Performance Summary - In 2024, the company's main business gross margin was 21.51%, down 4.09 percentage points year-on-year, primarily due to intensified industry competition and changes in revenue structure [5] - The company’s R&D expenses reached 1.239 billion yuan in 2024, an increase of 15.78% year-on-year, reflecting ongoing strategic investments in R&D [5] - The electronic products business is the main growth driver, with revenues of 4.406 billion yuan in 2024, a year-on-year increase of 28.89% [6] - The company has launched new products in Europe and expanded its customer base for R&D services, indicating a broadening of its market presence [6] Financial Projections - The company’s projected revenues for 2025, 2026, and 2027 are 7.087 billion yuan, 8.688 billion yuan, and 10.311 billion yuan respectively, with year-on-year growth rates of 27.9%, 22.6%, and 18.7% [7][9] - The projected EPS for 2025, 2026, and 2027 are -0.50 yuan, 1.58 yuan, and 2.74 yuan respectively, with corresponding P/E ratios of -154.8, 49.0, and 28.3 [7][9]