Core Insights - The automotive cloud industry is rapidly evolving, driven by technological advancements, user demands, and market competition, with a significant focus on "smart driving equality" [1][4] - The integration of cloud computing with smart mobility is expected to create substantial growth opportunities, with the market projected to reach 12.21 billion yuan in 2024 and 14.04 billion yuan in 2025, reflecting a 15% year-on-year growth [1][8] Industry Overview - Automotive cloud serves as a digital foundation for the entire smart vehicle industry chain, leveraging cloud computing to enhance the digital transformation across R&D, production, sales, and usage [2][3] - The industry is characterized by a four-dimensional collaborative ecosystem involving vehicles, cloud, roads, and people, facilitating a comprehensive upgrade of the automotive sector [2] Development Background - The acceleration of automotive intelligence is evident, particularly in the new energy vehicle sector, where the installation rate of L2-level and above assisted driving functions is expected to reach 87% by October 2025 [4][5] - The Chinese government is actively promoting the "vehicle-road-cloud integration" strategy, which aims to enhance the safety, energy efficiency, and comfort of intelligent connected vehicle systems [5][6] Market Status - The Chinese automotive cloud market is experiencing robust growth, with a projected market size of 12.21 billion yuan in 2024 and 14.04 billion yuan in 2025, driven by AI models, smart vehicle intelligence, and supportive policies [8][10] - Public cloud services are expected to account for 65.3% of the market in 2024, while private cloud services will represent 34.7%, indicating a diverse deployment strategy among automotive companies [8][9] Customer Distribution - The customer base for automotive cloud services is extensive, covering key segments of the smart vehicle industry, including OEMs, parts suppliers, autonomous driving technology providers, and mobility service suppliers [9] - In 2024, OEMs and parts suppliers are expected to represent 43.2% and 27.6% of the customer distribution, respectively, highlighting their reliance on cloud services for core applications [9] Market Landscape - The market is dominated by a multi-supplier strategy, with leading players maintaining significant market shares due to their resource availability and technological advantages [10] - In the public cloud infrastructure sector, the top five service providers are expected to hold a combined market share of 86.9%, while the top five in the private cloud sector will account for 60% [10] Future Trends - The automotive cloud industry is anticipated to continue its growth trajectory, with expectations of surpassing 20 billion yuan by 2028, driven by the increasing demand for smart and connected vehicles [10] - Global expansion is expected as Chinese automotive companies increase their international presence, leading to a rise in demand for localized cloud services [10] - The industry will likely shift towards a hybrid architecture, optimizing computing resources and ensuring compliance with local data regulations [10]