Group 1 - The 138th Canton Fair has concluded its first phase, with the second phase scheduled from October 23 to 27, featuring approximately 3,600 new exhibitors aiming to expand their market presence and secure orders [1] - A company from Zhuhai showcased ultrasonic and millimeter-wave sensors for smart driving applications, attracting significant interest from international buyers, exceeding their expectations [1] - Another company from Taiyuan, which produces submersible pumps and cable accessories, received over one million USD in orders during the first phase, significantly surpassing their initial expectations [1] Group 2 - The Canton Fair has implemented a digital service upgrade, introducing a smart navigation system that allows buyers to select exhibition booths and products via an app, enhancing the overall exhibition experience [2]

Group 1 - The 138th Canton Fair has seen approximately 3,600 companies debuting, aiming to expand their market presence and secure orders [1] - A company from Zhuhai, specializing in ultrasonic and millimeter-wave sensors for smart driving applications, attracted significant interest from international buyers [1] - A company from Taiyuan, which produces submersible pumps and cables, exceeded expectations by securing over one million USD in orders during the first phase of the fair [5] Group 2 - The atmosphere at the fair was described as vibrant, with international customers expressing confidence and enthusiasm for Chinese manufacturing [1][3] - The fair has made a strong impression on first-time exhibitors regarding its service offerings, including convenient on-site support [7] - The Canton Fair has implemented a digital service upgrade, featuring a smart navigation system that enhances the visitor experience by allowing customers to easily locate desired exhibits [9][11]

Group 1 - The RISC-V open-source chip industry innovation center held a thematic matchmaking meeting in Suzhou, attracting representatives from chip companies and application enterprises [1] - Suzhou has formed a complete industrial ecosystem covering chip manufacturers, terminal enterprises, and ecological operators, providing advantages for accelerating scene implementation [1] - The newly launched RISC-V Suzhou Innovation Center focuses on a closed loop of "scene definition - chip R&D - commercial operation," aiming to bridge the gap from technical capabilities to a scalable commercial ecosystem [1] Group 2 - The National Industrial Information Security Development Research Center shared insights on RISC-V industry planning, highlighting development hotspots, application scene creation, and standard system construction [2] - Scene demand parties engaged in two-way interaction with chip companies, with specific needs presented by companies like China Mobile Cloud Capability Center and others in areas such as intelligent computing centers and edge computing nodes [2] - The local industrial and information technology bureau plans to establish a regular mechanism for matching scene demands with chip supply, aiming to create a comprehensive industrial chain ecosystem in Suzhou [2]

Core Viewpoint - The report from CITIC Securities suggests focusing on enhancing vehicle value through "safety redundancy-driven" strategies, particularly in areas such as dual SOC/MCU redundant computing platforms, improved laser radar resolution, high-speed TSN-SerDes vehicle networks, and dual 12V low-voltage power supplies [1] Policy Perspective - L2 will face stringent regulations, actively promoting the rollout of L3. The Ministry of Industry and Information Technology has explicitly prohibited exaggerated claims for L2, expecting to strengthen "hands-free, eyes-free" regulations and promote transparency in functional boundaries [2] Market Demand and Scenarios - High-speed and elevated road segments account for 25%-30% of private vehicle mileage, with strong user demand for "hands-free, eyes-free" driving. Over 60% of car owners wish to watch videos or browse the internet while driving, and 76% recognize the necessity of high-speed autonomous driving [3] Safety Considerations - The primary value of L3 to users is safety, with a long-term goal of achieving an accident rate that is ten times better than human driving. The system must evolve from Fail-Safe to Fail-Degraded / Fail-Operational, enhancing performance and safety redundancy [4] Performance Configuration and Safety Redundancy - The report predicts that the computing platform will adopt dual SOC and "SOC + MCU" configurations, increasing the single vehicle ASP by 1.5 times. Laser radar will expand from a single forward unit to "1 front + 2 side + 1 rear," with the resolution of forward laser radar increasing from over 100 lines to approximately 500 lines. Millimeter-wave radar will advance from 3T4R to 8T8R and even 12T16R. The communication network will integrate CAN, Ethernet, and high-speed SerDes, with high-end models potentially using up to 20 SerDes units. Dual 12V batteries and dual DCDC architecture will achieve power-level redundancy [5]