国元证券近日发布车载SOC芯片深度报告：在智能化逐步深入的推动下，大量零部件电 子化，智能座舱、智能驾驶等普遍投入应用，"软件定义汽车"成为趋势，上世纪80年代以 来，逐步上车的分布式电子控制电源（ECU）逐渐难以满足智能汽车发展需求，汽车电子电 气（EE）架构升级呼之欲出。 以下为研究报告摘要： 汽车智能化发展，计算芯片进化 智能演进，电子电气架构复杂化 伴随着新能源汽车进入竞争下半场，智能化赋能并向自动驾驶时代发展，成为电动智能 汽车发展的主要方向 在智能化逐步深入的推动下，大量零部件电子化，智能座舱、智能驾驶等普遍投入应 用，"软件定义汽车"成为趋势，上世纪80年代以来，逐步上车的分布式电子控制电源 （ECU）逐渐难以满足智能汽车发展需求，汽车电子电气（EE）架构升级呼之欲出 汽车电子电气架构演进，主要厂商规划有细节差异，但整体趋势呈现由分布式向域控制 进化，再向域融合及中央控制，最终走向云控结合的发展态势（国元证券 刘乐,陈烨尧） 【责任编辑：杨梓安 】 ...

Investment Rating - The report rates the smart driving industry as "Recommended" [1] Core Insights - The evolution of smart cars is being led by intelligent driving, with SOC chips accelerating domestic production [1] - The demand for SOC chips is surging due to advancements in smart cockpits, intelligent driving, and autonomous driving technologies [4][9] - The market is highly concentrated, with domestic alternatives gaining traction, and leading domestic companies are expected to continue breakthroughs leveraging industry trends [5] Summary by Sections 1. Evolution from ECU to SOC Chips - The automotive industry is experiencing a shift from distributed electronic control units (ECUs) to centralized SOC chips, driven by the increasing complexity of electronic and electrical architectures [15][16] - SOC chips are becoming essential components for smart vehicles, facilitating the integration of various systems and enhancing performance [23][24] 2. Explosive Demand for SOC Chips - The market for SOC chips is expanding rapidly, particularly in high-level autonomous driving applications such as unmanned delivery and robotaxis [9] - The integration of AI models and the push for high-performance SOC chips are accelerating the domestic production of cockpit SOCs [9][50] 3. Investment Recommendations - The report suggests that investors should focus on leading domestic SOC chip manufacturers that are well-positioned to benefit from the ongoing trends in the smart driving sector [5][9] - Key domestic companies in the SOC chip market include Horizon Robotics, Black Sesame, and others, which are capitalizing on the opportunities presented by intelligent driving [9][47]