Core Viewpoint - The smart vehicle ETF from Taikang (159720) has shown significant growth, driven by the strong performance of the underlying index and key stocks in the smart electric vehicle sector, particularly highlighted during the Chengdu International Auto Show [1][4]. Group 1: Market Performance - As of August 29, 2025, Taikang's smart vehicle ETF rose by 4.69%, with a trading volume of 2.4294 million yuan [1]. - The underlying index, the CSI Smart Electric Vehicle Index (H11052), increased by 3.86%, with notable gains from component stocks such as QianDao Intelligent (300450) up 20.01%, BetterRay (835185) up 17.54%, and CATL (300750) up 11.21% [1]. Group 2: Industry Developments - The Chengdu International Auto Show has transitioned from a traditional car showcase to a platform for declaring the mass production of smart technologies, with major automakers unveiling next-generation flagship models that feature standard smart technologies [1]. - The event showcased advancements in smart driving technologies, particularly the "no-map" solutions, which have gained credibility through real-world demonstrations, reducing market uncertainties and increasing valuation premiums for related companies [3]. Group 3: Key Innovations - Huawei's luxury flagship sedan, the HUAWEI ADS 3.0, demonstrated advanced capabilities in complex urban environments, showcasing the maturity and versatility of its technology [2]. - Li Auto's new M9 SUV emphasizes its dual-energy strategy and advanced software capabilities, while Xpeng Motors introduced the MONA series, making high-end smart driving technology accessible in the mainstream price range [2]. Group 4: Investment Opportunities - The Taikang smart vehicle ETF covers critical segments of the smart driving industry, with the top ten weighted stocks accounting for 55.33% of the index, including leaders in battery technology and perception hardware [4][5]. - The ETF is positioned to benefit from the expanding Robotaxi operations and decreasing costs of smart driving hardware, creating a positive cycle of technological breakthroughs and commercial scaling [4][5].