Core Viewpoint - UBS report indicates that the company, Nexperia, achieved a 6.8% year-on-year revenue growth to $2.2 billion in the first half of the year, with net profit significantly increasing to $63.5 million [1] Financial Performance - The EBITDA margin expanded to 10.3%, driven by economies of scale and improved operational efficiency [1] - The company secured $1.5 billion in new orders during the first half, with 39% coming from Chinese automotive companies [1] Future Outlook - The company has set a target of $5 billion in new orders for the entire year, anticipating an increase in orders related to steer-by-wire technology in the second half [1] - UBS has raised its earnings forecasts for 2025-2027 and increased the target price from HKD 7.8 to HKD 8.7, maintaining a "Buy" rating [1]

Core Viewpoint - A significant transformation is occurring in the automotive industry with the advent of X-by-Wire technology, which replaces mechanical systems with electronic signals, enabling vehicles to have a "nervous system" for better responsiveness and control [1][4]. Group 1: Definition and Importance of X-by-Wire Technology - X-by-Wire refers to the use of electronic signals to control critical vehicle functions such as steering, braking, and acceleration, allowing for greater design freedom and programmability [3]. - This technology is foundational for the realization of smart vehicles, as it enables precise and reliable execution of control signals necessary for advanced levels of autonomous driving [4][5]. Group 2: Applications and Segmentation of X-by-Wire Technology - The current discussions around X-by-Wire technology focus on its application in the power domain and chassis domain, including components like throttle control, gear shifting, braking, steering, and suspension [8]. - The article categorizes these applications into three groups based on their level of adoption and complexity [8]. Group 3: Widely Adopted Technologies - Throttle control is the most widely adopted X-by-Wire technology, implemented in most fuel and electric vehicles, enhancing the precision of power output control [15][17]. - Shift-by-Wire technology is increasingly seen in electric and hybrid vehicles, allowing for more flexible gear shifting mechanisms [15][17]. Group 4: Transitioning Technologies - Brake-by-Wire (BBW) technology is gaining traction, with a projected penetration rate of 51.58% in the domestic passenger car market by 2024, up from 37.68% in 2023 [19]. - Steer-by-Wire technology is still in its early stages, with a penetration rate of less than 1%, primarily due to safety concerns and regulatory requirements [22][23]. Group 5: Comfort-Oriented Technologies - X-by-Wire suspension systems focus on enhancing ride comfort by actively adjusting to road conditions, with three main development directions: Continuous Damping Control (CDC), air suspension, and fully active hydraulic suspension [25][26]. - CDC is the most widely used and cost-effective option, while air suspension and fully active systems are seen in higher-end models, reflecting a trend towards increased adoption of X-by-Wire technologies in the market [26][29]. Group 6: Future Outlook - The electrification and intelligence of new energy vehicles provide a conducive environment for the rapid development of X-by-Wire technology, with simpler and safer applications leading the way [32]. - The remaining challenges in more complex areas like steer-by-Wire and fully active suspension systems may require the broader adoption of advanced smart vehicles to unlock their full potential [32].

Core Concept - The article discusses the evolution and significance of drive-by-wire technology in the automotive industry, highlighting its advantages over traditional mechanical systems and its applications in modern vehicles [1][3][4]. Group 1: Definition and Origin of Drive-by-Wire Technology - Drive-by-wire technology refers to the replacement of traditional mechanical connections with electronic signals for vehicle control, enhancing precision and responsiveness [1][3]. - This technology originated from the aviation sector in the 1980s, specifically from fly-by-wire systems, which aimed to reduce weight and improve control capabilities [1][3]. Group 2: Applications of Drive-by-Wire Technology - The technology has expanded from initial applications in anti-lock braking systems (ABS) to include steering, throttle, and suspension systems, collectively known as drive-by-wire chassis technology [3][4]. - Examples of drive-by-wire systems include brake-by-wire, steer-by-wire, and electronic parking brakes, which replace traditional mechanical components with electronic controls [4][6][10][12]. Group 3: Advantages of Drive-by-Wire Technology - Drive-by-wire systems simplify mechanical structures, improve vehicle response times, and allow for more flexible control strategies, paving the way for advanced driver assistance systems [3][4]. - The modular design enabled by drive-by-wire technology offers cost-effective solutions for automotive manufacturing [3][4]. Group 4: Redundancy and Safety Measures - The article emphasizes the importance of redundancy in drive-by-wire systems to ensure safety in case of component failures, with examples such as the iBooster brake system and steer-by-wire systems employing multiple sensors for data validation [17][18]. - In extreme failure scenarios, these systems can still function through backup mechanisms, ensuring that vehicles can be safely controlled even when primary systems fail [17][18].

智己相关负责人介绍，今年推出的每一款新车，都将搭载专属黑科技，精准匹配不同用户的细分需求。据悉，智己今年的技术发展主要在四个方面，首当其 冲的是动力技术。今年，智己会发布超级增程技术，直击当前增程用户在实际使用中的诸多痛点，比如纯电续航里程短、充电频繁、充电效率低下等，以及 常被用户调侃的 "有电一条龙，没电一条虫" 等动力体验问题。智己会有很多针对性的创新技术解决方案，将为用户带来颠覆性的用车体验。 众所周知，底盘是在智己和上汽根植最长，最擅长的领域。据悉，智己会在2025上海国际汽车工业展览会发布线控技术，第一代线控底盘也就是部分执行器 线控化，并且将整车运动能力上收，这一技术成果已于2024年成功应用于灵蜥数字底盘。在此基础上，智己全新车型L6将搭载第二代线控技术。随着线控 技术的持续深化与突破，智己计划在今年下半年会把线控转向率先量产。 （智己汽车联席CEO刘涛。企业供图） "智己汽车是上汽集团的一号工程和唯一高端品牌。这一点从智己立项开始到现在，从未改变，未来也不会改变。在集团新能源转型战略体系中，智己是上 汽实现'品牌向上+技术突围'双突破的核心抓手。"日前，智己汽车联席CEO刘涛对外传达集团对品 ...