Group 1 - The "Work Plan" mentions the promotion of intelligent connected vehicle access and road trial pilots, with conditional approval for L3 level vehicle production access, aiming to enhance road traffic safety and improve relevant laws and regulations [1] - According to Galaxy Securities, several domestic brands such as Xiaopeng, Xiaomi, Li Auto, Huawei, Chery, GAC, and Zeekr have made significant advancements in intelligent driving this year, with leading automakers expected to achieve mass production of L3 level intelligent driving solutions by 2025, accelerating the development of the intelligent driving industry and enhancing the technological attributes of the automotive industry [1] - Qunzhi Consulting predicts that with the rapid rollout of L2+ to L3 high-level intelligent driving in the next two years, the market share of L3 intelligent driving is expected to reach 8.5% by 2026, with the global intelligent driving SoC market size projected to be approximately $5 billion in 2024, representing a year-on-year growth of 62% [1][2] Group 2 - Huafu Securities believes that the acceleration of L3 autonomous driving, combined with the decreasing configuration levels of LiDAR, will lead to a dual acceleration in demand penetration [2] - The L3 autonomous driving will require multiple LiDARs for safety redundancy, providing 360-degree or 270-degree coverage, while LiDAR is also being increasingly integrated into L2+ intelligent driving systems [2] - Companies like Jingwei Hengrun are set to mass-produce their city NOA solution based on NVIDIA Orin-X chips by the end of this year, while Altec provides chassis technology support for L3 and above autonomous driving solutions based on various intelligent digital chassis platforms [3]