自动驾驶产业是培育新质生产力、推动汽车产业转型升级的重要赛道。自动驾驶技术正从软件定义的功能时代，加速迈向AI驱动的 智能时代，商业化落地需求日益迫切。 在2026年全国两会期间，和自动驾驶技术相关的内容出现在了众多代表委员的建议中。 "建议在保持L2级安全监管体系稳定运行的基础上，推动自动驾驶政策从L2级向L4级跨越，简化L3中间环节。"在2026年两会期 间，第十四届全国人大代表、小鹏汽车董事长兼CEO何小鹏提出。 南方财经全国两会报道组了解到，除了自动驾驶技术，何小鹏还围绕科技创新、产业创新发展的关键领域，提交了加速"端侧本地大 脑"高阶智能人形机器人研发和商用、优化低空空域管理与飞行汽车产业税收政策等建议。 第十四届全国人大代表、小鹏汽车董事长兼CEO何小鹏，企业供图 建议辅助驾驶政策从L2跳到L4 记者丨 孔海丽 张赛男 编辑丨倪雨晴 骆一帆 金珊 视频 丨许婷婷 建议人形机器人部署本地"大脑" 2026年马年春晚舞台上，多款人形机器人集中亮相，凭借稳定的运动控制与协同表演能力引发社会广泛热议。今年两会期间，何小 鹏也关注人形机器人的发展。 在自动驾驶产业加速发展的过程中，现行"分级渐进"的管理框架 ...

记者｜王峰 编辑｜张星 3月3日下午，全国政协十四届四次会议新闻发布会召开，全国两会时间正式开启。 今年全国两会的经济热点有哪些？"十五五"开局之年将有何重要部署？21世纪经济报道记者从这场发布会上，以及代表委员专家们 的建议中梳理出五大关键词：宏观经济治理、智能经济、投资于人、扩大消费、改革开放。 宏观经济治理：加大逆周期和跨周期调节力度 "过去一年，外部环境风高浪急，我国经济顶压前行、向新向优发展，展现强大韧性和活力，" 全国政协十四届四次会议新闻发言 人刘结一在3月3日发布会上说，"虽然还面临一些老问题、新挑战，但基础稳、优势多、韧性强、潜能大，长期向好的支撑条件和 基本趋势没有变。" 2025年，我国经济总量迈上140万亿元新台阶，增速在全球主要经济体中继续保持前列。中央经济工作会议提出，2026年经济工作 在政策取向上，要加大逆周期和跨周期调节力度，提升宏观经济治理效能。 十四届全国人大四次会议将审议政府工作报告，其中会明确2026年增长目标、财政政策和货币政策基调。2023年至2025年，我国 已连续三年将增长目标设为5%左右，2026年是否会调整？ 中国银河证券首席经济学家章俊近日表示，2026 ...

当前时点智能汽车板块投资建议： 继续坚定看好2026年L4 RoboX主线！ 未经许可，不得转载或者引用。 投资要点 本周智能汽车行情复盘： 我们编撰的智能汽车指数-2.0%，智能汽车指数（除特斯拉）-3.4%，智能汽车指数（除整 车）-3.0%。 截至2026年2月27日，智能汽车指数PS(TTM）为14.2x，该估值位于2023年初以来 96%分位数；智能汽车指数（除特斯拉）PS(TTM）为6.0x，该估值位于2023年初以来83%分位 数；智能汽车指数（除整车）PS(TTM）为10.0x，该估值位于2023年初以来81%分位数。智能 汽车指数标的 曹操出行、中邮科技、开勒股份、伯特利、浙江世宝-H 涨幅前五。 本周行业核心变化： 1）广州宣布全域开放无人驾驶应用场景；2）Waymo加速扩张，在美国新增达拉斯、休斯顿等 四城向公众开放无人驾驶出租车服务，运营城市总数达到10个；3）阿联酋阿布扎比正式启动 特斯拉自动驾驶道路测试，旨在评估技术表现并验证安全性。 B端软件标的>C端硬件标的。H股优选【小鹏汽车+地平线机器人+小马智行/文远知行+曹操/黑 芝麻智能】；A股优选【千里科技+德赛西威+经纬恒润】 下 ...

Core Viewpoint - Hyundai Motor Group plans to invest approximately 7 billion USD (10 trillion KRW) in the Saemangeum area on the west coast of South Korea to expand into artificial intelligence, autonomous driving, and robotics technology [1][3]. Group 1 - Hyundai's stock rose by 10.5% and its subsidiary Kia's stock surged by 15% following the investment announcement [1][3]. - The investment will focus on robotics technology, AI data centers, and hydrogen energy infrastructure [2][4]. - Hyundai previously announced plans to invest a total of 125.2 trillion KRW from 2026 to 2030, aiming to create a "hydrogen and AI city" in coastal areas rich in wind energy resources [2][4].

中新网2月24日电据韩联社24日报道，韩国的一份报告分析指出，在机器人、半导体、电动汽车等先进 制造业领域，中国快速形成竞争优势，技术水平领先韩国。韩国唯独在存储芯片领域占据优势。 报道称，韩国产业研究院24日发布了题为《韩中先进产业竞争力分析及政策方向》的报告。研究院在总 结2025年9月专家问卷调查结果的基础上，对韩中整体产业链的竞争优势进行对比，并得出了上述结 论。 报道指出，在工业机器人领域，中国在采购零配件、量产、市场开拓等多方面占上风。在电动汽车领 域，中国自动驾驶技术水平相对领先。在半导体领域，多数专家认为，韩国在存储芯片市场上占据优 势，但中国在人工智能(AI)芯片设计、芯片设计平台等非存储芯片领域占上风。 报道认为，该报告得出的结论暗示韩国或许将在关键芯片市场落后于中国。 （文章来源：中国新闻网） 2月12日，位于杭州市西湖区的国家机器人检测与评定中心(总部)浙江检测中心内，不少人形机器人正 接受安全等技术检测，通过者将获CR认证，如今该认证影响力渐增，已成为机器人企业"国际通行 证"。图为人形机器人在不同"路况"上进行MTBF(平均无故障间隔时间)的检测。中新社记者吴君毅摄 ...

Group 1: Stock Market Activity - On the institutional trading leaderboard, 41 stocks were listed, with 25 experiencing net buying and 16 net selling [1] - The top three stocks with the highest net buying by institutions were: TeFa Information (¥193 million), Construction Machinery (¥166 million), and YueGui Co. (¥116 million) [1] Group 2: Semiconductor Industry - GuoFeng New Materials has achieved progress in the R&D of photo-sensitive polyimide (PSPI) photoresist for semiconductor packaging, currently in the laboratory sample testing phase [2] - Deep Technology is a leading company in the packaging and testing of high-end storage chips (DRAM, NAND Flash), with ChangXin as a major client [2] - The average selling price of ASIC chips from leading design manufacturers (Broadcom, Marvell) is approximately $5,000 to $6,500, which is 50%-60% lower than GPU chips [3] - The AI chip market in China is projected to reach ¥144.7 billion in 2024, with GPU chips accounting for approximately ¥128.8 billion (89%) and ASIC chips about ¥15.3 billion (10.6%) [4] Group 3: Autonomous Driving Industry - QianLi Technology is developing autonomous driving technology and plans to collaborate with Baidu to build a commercial ecosystem for autonomous driving [5] - Zhejiang Shibao has strong technical reserves in steer-by-wire and rear-wheel steering, with mass production projects expected to start in late 2026 and Q4 of this year, respectively [5] - The Ministry of Industry and Information Technology is revising mandatory national standards for intelligent connected vehicles, including safety requirements for autonomous driving systems [5] - By the end of 2025, the first batch of L3 conditional autonomous driving vehicle licenses is expected to be issued, with pilot projects already underway in designated areas [6] - The rollout of L3/L4 vehicles is anticipated to drive demand for high-performance chips, domain controllers, and lidar, with the value of decision-making layers (chips + domain control) expected to account for 25%-30% of the industry chain's profits [6]

Core Viewpoint - MSCI has announced the inclusion of 37 Chinese companies into its global standard index while removing 16, resulting in a net increase of 21 companies, marking the largest expansion since May 2023. This adjustment provides new support for the Chinese stock market, which has experienced an unexpected rebound since last year [1][2]. Group 1: Market Impact - The adjustment will directly affect the allocation of passive funds tracking the MSCI index, potentially leading to increased buying of Chinese stocks [1]. - The attractiveness of the Chinese stock market is growing, especially as interest in U.S. asset allocation declines, driven by China's technological advancements and trade resilience [2]. Group 2: Sector Focus - The newly added companies are predominantly in the technology sector, including semiconductor manufacturer Anji Microelectronics, autonomous driving technology provider Pony AI, and quantum information product manufacturer GuoDun Quantum [4]. - Several consumer companies have been removed from the index, reflecting a shift in investor interest towards artificial intelligence and innovation-related sectors [5]. Group 3: Future Outlook - There is an expectation that more companies will be included in the future, as new growth opportunities arise from emerging industries. Global investors are encouraged to focus more on the Chinese mainland market for genuine growth opportunities [5].

中国股票迎来近三年来最大规模的MSCI指数纳入。此次调整不仅将带来直接资金流入，更可能促使全 球主动型基金重新审视中国市场的配置价值。 MSCI于周二宣布，在最新审查中将37家中国公司纳入其全球标准指数，同时剔除16家，净增加21家。 这是自2023年5月以来该指数编制机构对中国股票的最大规模扩容。 此次调整为中国股市提供了新的支撑。自去年以来，中国股市已经历一轮出乎意料的反弹。更大的指数 权重意味着被动投资者将被动增持中国股票，而主动型基金也可能因此重新评估对全球第二大股票市场 的敞口。 科技股主导新增名单 此次纳入的公司中，科技企业占据主导地位。新增名单包括半导体产品制造商安集微电子科技（上海） 股份有限公司、自动驾驶技术提供商Pony AI（小马智行）以及量子信息产品制造商国盾量子。 与此同时，多家消费类公司被剔除出指数。这一变化反映了当前投资者兴趣的重心：人工智能和创新相 关领域仍是资金追逐的焦点。 值得注意的是，科技类公司主导了新增名单，而多家消费类公司被剔除。这凸显出投资者对人工智能和 创新相关企业的持续关注，以及中国市场结构正在发生的转变。 近三年最大规模纳入 根据彭博汇编的数据，MSCI此次净 ...

Group 1 - The core viewpoint of the article highlights the active investment landscape in China's primary market, with a total of 124 financing events reported this week, an increase of 53 events compared to the previous week, and a total financing scale of 10.096 billion RMB [7] - The most active sectors in terms of financing events are artificial intelligence, intelligent manufacturing, and healthcare, with 29, 23, and 13 events respectively [9] - The total disclosed financing amount in the intelligent manufacturing sector reached approximately 3.651 billion RMB, with notable investments such as LimX Dynamics securing 200 million USD in Series A funding [9][10] Group 2 - The geographical distribution of disclosed investment events shows a concentration in Jiangsu, Guangdong, and Shanghai, with Jiangsu reporting 27 events, Guangdong 25 events, and Shanghai 16 events [13] - The stage distribution of the disclosed investment events indicates that 101 are early-stage, 18 are growth-stage, and 5 are late-stage [17] - This week, 13 completed M&A events were reported, with an increase of 4 events compared to the previous week, primarily in the intelligent manufacturing, enterprise services, and energy sectors [49]

Core Viewpoint - Ford Motor Company and China's Geely are in discussions regarding a potential collaboration, focusing on utilizing Ford's manufacturing space in Europe for producing vehicles targeted at that market [1][2]. Group 1: Collaboration Discussions - The two companies are negotiating for Geely to use Ford's factory space in Europe to manufacture cars for the region [1][2]. - Discussions also include a potential framework for sharing vehicle technologies, including autonomous driving technology [1][2]. - Negotiations regarding European manufacturing have reportedly made significant progress, with Ford sending a delegation to China to strengthen talks [1][2]. Group 2: Background and Context - Geely executives met with Ford leadership in Michigan last week, indicating ongoing engagement between the two companies [1][2]. - The negotiations have been ongoing for several months, but details remain private as discussions continue [1][2]. - Ford has stated that it engages in discussions with various companies on multiple topics, with outcomes varying [1][2]. Group 3: Strategic Implications - A partnership with Geely could help Ford catch up with global competitors in connected car technology and autonomous driving, areas where Tesla is prioritizing development [1][2]. - Ford's CEO, Jim Farley, has publicly emphasized the need to close the competitive gap with Chinese automakers [1][2].