近日，智能驾驶领域迎来重磅进展：特斯拉首辆Cybercab在得州超级工厂正式下线，标志着全球首款原 生无方向盘、无踏板的无人驾驶出租车迈入量产预备阶段，L4级以上无人驾驶商业化正从愿景走向现 实。 作为行业商业化提速的重要注脚，2026年以来，在政策支持、技术突破与应用落地的共同驱动下，全球 智能驾驶产业呈现加速态势。从政策层面看，《智能网联汽车 自动驾驶系统安全要求》等国家标准的 征求意见，为高阶自动驾驶的规模化应用提供了规范支撑；从产业层面看，A股智能驾驶板块的业绩表 现也印证了景气上行，截至2026年2月24日，已有超50只智能驾驶个股发布2025年业绩相关报告，其中 超过20只个股归母净利润在1亿元以上，行业整体盈利能力稳步提升。 产业基本面的持续改善，也进一步提振了市场对这一高成长赛道的配置意愿。其中，智能驾驶ETF （516520）2026年以来持续获得资金青睐，区间累计"吸金"5.9亿元，这一金额已达到其2025年全年净 流入总额的1.8倍。资金的持续涌入推动基金规模、份额双双攀升至成立以来新高，分别达12.57亿元、 9.36亿份，是目前全市场智能汽车板块仅有的规模超8亿元的ETF。 智能驾驶 ...

智能驾驶ETF（516520）的基金管理人华泰柏瑞基金是国内首批ETF管理人，多年致力为投资者提供投 向透明、交易便捷、费率低廉的指数工具产品。旗下两大ETF产品——沪深300ETF华泰柏瑞 （510300）和A500ETF华泰柏瑞（563360）深受市场欢迎，目前规模位居全市场同类ETF首位，管理费 率0.15%/年、托管费率0.05%/年，均为目前市场权益指数基金最低一档费率水平。 风险提示：基金有风险，投资需谨慎。基金管理公司不保证本基金一定盈利，也不保证最低收益，基金 过往业绩不能预示未来收益。市场有风险，投资需谨慎，风险自担。投资人在投资基金前应认真阅读 《基金合同》和《招募说明书》等基金法律文件，全面认识基金产品的风险收益特征，在了解产品情况 及听取销售机构适当性意见的基础上，根据自身的风险承受能力、投资期限和投资目标，对基金投资作 出独立决策，选择合适的基金产品。 MACD金叉信号形成，这些股涨势不错！ 近日，智能驾驶领域迎来重磅进展：特斯拉首辆Cybercab在得州超级工厂正式下线，标志着全球首款原 生无方向盘、无踏板的无人驾驶出租车迈入量产预备阶段，L4级以上无人驾驶商业化正从愿景走向现 实 ...

Core Viewpoint - The smart driving sector has experienced a pullback this week, but there remains a strong willingness for medium to long-term investment amidst market fluctuations [1] Fund Performance - The smart driving ETF (516520) has attracted significant capital since the beginning of 2026, with a total inflow of 525 million yuan over 12 trading days, which is 1.5 times the total net inflow for the entire year of 2025 [1] - The fund's scale and shares have increased to 1.212 billion yuan and 886 million shares, representing a rise of 88% and 77% respectively compared to the beginning of the year [1] - As of December 31, 2025, the fund's scale and shares were 645 million yuan and 502 million shares, with a net inflow of 334 million yuan for 2025 [1] Industry Dynamics - The smart driving industry is entering a new phase driven by AI large models, with advancements in L3-level autonomous driving regulations, decreasing hardware costs, accelerated open-source AI models, and deepening commercialization of Robotaxi [1] - McKinsey research predicts that 2025-2027 will be a critical turning point for the industry, with the unit cost of autonomous driving expected to reach economic parity with human driving, thereby driving market demand [1] - By 2030, China is projected to become the largest autonomous driving market globally, with new car sales and mobility service revenues expected to exceed 500 billion dollars [1] Index Composition - The smart driving ETF closely tracks the CSI Smart Car Theme Index, which includes companies providing terminal perception and platform applications for smart vehicles, as well as other representative companies benefiting from the smart car industry [1] - The top five secondary industries in the index are automotive parts (24.0%), semiconductors (19.6%), passenger vehicles (14.4%), software development (11.3%), and communication equipment (7.1%), covering multiple segments of the smart car industry chain [1] - The index's price-to-earnings ratio is currently 33.94, which is within the lower historical percentile range of 15.23% over the past five years [1] Fund Management - The smart driving ETF is managed by Huatai-PB Fund, one of the first ETF managers in China, with a strong track record in broad-based and dividend-themed indices [1] - The fund's "Dividend Family" series includes various ETFs, providing options for defensive strategies in investment portfolios [1]

Group 1 - The smart driving sector is experiencing active performance due to multiple catalysts including policy support, technological advancements, and industry promotion [1] - The smart driving ETF (516520) has attracted a cumulative net inflow of 517 million yuan since 2026, with an average daily trading volume increasing to 225 million yuan, a significant growth of 650% compared to 2025 [1] - The fund's scale and shares have risen to 1.22 billion yuan and 880 million shares respectively, indicating strong liquidity and substantial size [1] Group 2 - Recent strategic collaborations, such as between Lantu and Yingwang, aim to enhance cooperation in smart driving and software services, accelerating marketization [1] - A well-known new energy vehicle company has formed a comprehensive strategic partnership with an autonomous driving technology company, focusing on the mass production and commercialization of L4-level Robotaxi technology [1] - Shanghai has set clear goals for autonomous driving development, with plans to achieve large-scale application of high-level autonomous driving by 2027, fostering a competitive smart connected vehicle industry cluster [1] Group 3 - The smart driving ETF (516520) closely tracks the CSI Smart Car Theme Index, which reflects the overall performance of companies in the smart car industry [2] - The top five secondary industries represented in the index are automotive parts (24.0%), semiconductors (19.6%), passenger vehicles (14.4%), software development (11.3%), and communication equipment (7.1%), covering multiple segments of the smart car industry chain [2] - The current PE ratio of the smart driving ETF is 34.33, which is at a low valuation level compared to the past decade, indicating a potentially important investment opportunity [2]

Group 1 - The smart driving sector is experiencing active performance driven by favorable policies, technology advancements, and industry progress, with the smart driving ETF (516520) seeing a cumulative net inflow of 528 million yuan since 2026 and an average daily trading volume increasing by 657% to 227 million yuan compared to 2025 [1] - The Shanghai Municipal Government has issued the "High-Level Autonomous Driving Leading Area 'Mosu Zhixing' Action Plan," aiming for large-scale implementation of high-level autonomous driving scenarios by 2027, which is expected to accelerate the conversion of autonomous driving technology into industrial competitiveness and further stimulate market investment enthusiasm [1] - NVIDIA has made significant breakthroughs by releasing and open-sourcing the Alpamayo autonomous driving model and related toolchains, which lowers development barriers and aids in the popularization of L2++ to L4 level autonomous driving technology [1] Group 2 - According to CICC, the global smart driving sector is accelerating, with NVIDIA's DRIVE Hyperion platform expanding its cooperative ecosystem to include several leading domestic suppliers, promoting the internationalization of China's smart driving industry chain [2] - The penetration rate of high-level autonomous driving may have crossed a turning point, with the mass production process of L3/L4 technologies speeding up and the commercialization of Robotaxi accelerating, which enhances the value of core components such as vehicle SoC, sensors, and domain controllers [2] - The smart driving ETF (516520) closely tracks the CSI Smart Vehicle Theme Index, which reflects the overall performance of companies in the smart vehicle industry, with the top five sub-industries being automotive parts (24.0%), semiconductors (19.6%), passenger vehicles (14.4%), software development (11.3%), and communication equipment (7.1%) [2] Group 3 - The fund manager of the smart driving ETF (516520), Huatai-PB Fund, is one of the first ETF managers in China, having created the largest ETF in the A-share market, the Huatai-PB CSI 300 ETF (510300), which has a current scale of 410.4 billion yuan and high market activity [3] - The Huatai-PB CSI 300 ETF (510300) will implement a cash dividend of 1.23 yuan per 10 fund shares, with the total dividend amount expected to approach 11 billion yuan, potentially setting a new record for single cash dividends in domestic ETFs [3]

Group 1 - The smart driving sector has seen significant trading activity since 2026, driven by the gradual implementation of L3-level autonomous driving regulations, decreasing hardware costs, the empowerment of AI large models, and the commercialization of smart driving [1] - The smart driving ETF (516520) has attracted a total of 503 million yuan since 2026, with an average daily trading volume of 228 million yuan, representing a 660% increase compared to the average daily trading volume in 2025 [1] - On January 14, 2026, the Shanghai Municipal Economic and Information Commission and other departments issued the "Shanghai High-Level Autonomous Driving Leading Area 'Mosu Zhixing' Action Plan," which aims to accelerate the transformation of autonomous driving technology innovation into industrial competitiveness through nine key tasks [1] Group 2 - The smart driving ETF (516520) closely tracks the CSI Smart Car Theme Index, which reflects the overall performance of companies in the smart car industry, with the top five sub-industries being automotive parts (24.0%), semiconductors (19.6%), passenger cars (14.4%), software development (11.3%), and communication equipment (7.1%) [2] - The fund manager of the smart driving ETF, Huatai-PB Fund, is one of the first ETF managers in China, having launched the Huatai-PB CSI 300 ETF (510300), which has a current scale of 429.7 billion yuan and is highly active in the market [2] - The Huatai-PB CSI 300 ETF will implement a cash dividend of 1.23 yuan per 10 fund shares, with a total dividend amount expected to approach 11 billion yuan, potentially setting a new record for single cash dividends in domestic ETFs [2]

Group 1 - The smart driving sector has seen significant trading activity since 2026, driven by the gradual implementation of L3-level autonomous driving regulations, decreasing hardware costs, the open-source empowerment of AI large models, and the commercialization of smart driving [1][5] - The smart driving ETF (516520) has attracted a total of 503 million yuan since 2026, with an average daily trading volume of 228 million yuan, representing a 660% increase compared to the average daily trading volume of 30 million yuan in 2025 [1][5] - On January 14, 2026, the Shanghai Municipal Economic and Information Commission and other departments issued the "Shanghai High-Level Autonomous Driving Leading Area 'Mosu Zhixing' Action Plan," which outlines nine key tasks to accelerate the transformation of autonomous driving technology innovation into industrial competitiveness [1][6] Group 2 - The action plan aims to cultivate industry-leading autonomous driving large models, with L2 and L3-level vehicles accounting for over 90% of new car production, and L4-level autonomous vehicles achieving mass production [2][6] - The smart driving ETF (516520) closely tracks the CSI Smart Car Theme Index, which reflects the overall performance of companies in the smart car industry, with the top five secondary industries being automotive parts (24.0%), semiconductors (19.6%), passenger cars (14.4%), software development (11.3%), and communication equipment (7.1%) [2][6] - The fund manager of the smart driving ETF, Huatai-PB Fund, is one of the first ETF managers in China, having launched the Huatai-PB CSI 300 ETF (510300), which has a current scale of 429.7 billion yuan and is highly active in the market [2][6] Group 3 - The Huatai-PB CSI 300 ETF (510300) announced a cash dividend of 1.23 yuan per 10 fund shares, with a total dividend amount expected to approach 11 billion yuan, potentially setting a new record for single dividends in domestic ETFs [3][7]

Group 1 - The smart driving sector has been active since 2026, driven by favorable policies, technology advancements, and cost reductions, despite a recent pullback on January 13, 2026 [1][6] - The smart driving ETF (516520) has seen a net inflow of 542 million yuan over the past seven trading days, reaching a total fund size of 1.24 billion yuan and 898 million shares [1][6] - The L3-level autonomous driving regulations are gradually being implemented, hardware costs are decreasing, and the commercialization of Robotaxi is progressing, contributing to the growth of the sector [1][6] Group 2 - NVIDIA's release of the open-source AI model Alpamayo at CES 2026 aims to enhance decision-making capabilities in complex scenarios for autonomous driving systems, potentially lowering R&D costs for L4-level technologies [1][2][7] - The Alpamayo model reflects NVIDIA's "soft and hard integration" strategy, which enhances the value of solutions and promotes hardware iteration [2][7] - The smart driving ETF closely tracks the CSI Smart Car Theme Index, which includes companies involved in terminal perception and platform applications, with significant representation from automotive parts (24.0%), semiconductors (19.6%), and passenger vehicles (14.4%) [3][8] Group 3 - The fund manager of the smart driving ETF, Huatai-PB Fund, is one of the first ETF managers in China, having launched the largest ETF in the A-share market, the Huatai-PB CSI 300 ETF, which has a current size of 434.2 billion yuan [3][8] - The Huatai-PB CSI 300 ETF will implement a cash dividend of 1.23 yuan per 10 fund shares, with a total dividend amount expected to approach 11 billion yuan, potentially setting a record for single dividends in domestic ETFs [4][9]

Core Insights - The smart driving concept is gaining momentum due to multiple factors including the implementation of L3-level autonomous driving regulations, a significant drop in hardware costs, AI model advancements, and the progress of Robotaxi commercialization since 2026 [1][6]. Group 1: Smart Driving ETF Performance - The smart driving ETF (516520) has attracted a total of 447 million yuan since 2026, leading to record highs in fund size and shares, reaching 1.173 billion yuan and 830 million shares respectively [1][6]. - The ETF closely tracks the CSI Smart Car Theme Index, which includes companies involved in terminal perception and platform applications related to smart vehicles, reflecting the overall performance of the smart automotive industry [7]. Group 2: Industry Trends and Developments - Continuous technological upgrades in smart driving are observed, with accelerated adoption and expanding application scenarios, supported by improved policies and regulations [1][6]. - The recent resolution of the China-Europe electric vehicle dispute is expected to provide clearer pathways for Chinese electric vehicle exports to Europe, enhancing competitiveness and potentially increasing demand for smart driving technologies domestically [1][7]. Group 3: Fund Management and Dividends - The fund manager of the smart driving ETF, Huatai-PB Fund, is one of the first ETF managers in China, also managing the largest ETF in the A-share market, the Huatai-PB CSI 300 ETF, which has a scale of 437.4 billion yuan [7]. - The Huatai-PB CSI 300 ETF is set to implement a cash dividend of 1.23 yuan per 10 fund shares, with a total dividend amounting to approximately 11 billion yuan, potentially setting a record for single dividend payouts in domestic ETFs [8].

Group 1 - The year 2026 is widely regarded as the "year of commercialization for autonomous driving," driven by the implementation of L3-level autonomous driving regulations, a significant drop in hardware costs, and the empowerment of AI large models [1][5] - The smart driving ETF (516520) has attracted 375 million yuan in the first week of 2026, reaching a new high in fund size and shares at 1.067 billion yuan and 778 million shares, respectively [1][5] - Tesla's Robotaxi has recently launched operations without safety drivers, representing a significant advancement in L4/L5 level autonomous driving technology for shared mobility services [5][6] Group 2 - The smart driving ETF (516520) closely tracks the CSI Smart Car Theme Index, which includes companies providing terminal perception and platform applications for smart vehicles, reflecting the overall performance of the smart automotive industry [2][6] - The top five secondary industries represented in the index are automotive parts (24.0%), semiconductors (19.6%), passenger vehicles (14.4%), software development (11.3%), and communication equipment (7.1%), covering multiple segments of the smart automotive supply chain [2][6] - Huatai-PB Fund, the manager of the smart driving ETF, is one of the first ETF managers in China and has launched the Huatai-PB CSI 300 ETF (510300), which has a market size of 437.4 billion yuan and is highly active in the market [2][6] Group 3 - On January 11, Huatai-PB Fund announced a cash dividend for the Huatai-PB CSI 300 ETF (510300), distributing 1.23 yuan per 10 fund shares, with a total dividend amount close to 11 billion yuan, potentially setting a new record for single cash dividends in domestic ETFs [3][7]