（作者为重庆理工大学车辆工程学院副院长，本报记者刘新吾采访整理） 搭建真实、复杂的场景进行路测，能让智能网联技术得到更加充分的验证和优化，使车辆更加安全可 靠；同时，通过标准统一、跨区域数据共享，路测试点逐渐破解行业痛点，加速新技术商业落地。 如今，辅助驾驶功能在人工智能技术赋能下，可以更好应对复杂情况，越来越多普通价位的汽车也能搭 载这一功能。各地加快完善道路智慧设施，推动车、路、云互联互通，不同行业企业携手合作，催生出 不少出行新服务、产业新亮点。 未来，越来越多智能网联汽车将从测试场走向日常，推动我国汽车产业焕发新活力。 重庆山地丘陵广布，急弯陡坡、交叉路口等复杂路况较多，适合作为辅助驾驶、自动驾驶技术的"练兵 场"。西部（重庆）科学城一方面整合道路资源，让技术在"真刀真枪"中完善；另一方面整合汽车产业 链与产学研资源，形成了"测试—研发—改进"的良性循环。 我国已建成17个国家级智能网联汽车测试示范区，累计开放测试示范道路超3.5万公里，各地通过差异 化场景建设破解复杂环境技术难题。2025年1—7月，我国L2级乘用车新车渗透率达62.58%，5G和蜂窝 车联网装配量超300万辆，产业链协同效应持续释 ...

智通财经记者 | 周姝祺 过去一年，中国智能驾驶行业的扩张与收缩同时发生。辅助驾驶功能正在以前所未有的速度被推向量产车型，汽车公司对智驾能力的需求被迅速放大；另一 方面，智驾公司融资节奏放缓，部分企业已经被迫退出主流竞争序列。技术在加速落地，但行业的容错空间正在缩小。 12月30日，智驾供应商卓驭在十周年庆祝活动上晒出成绩单，公司已拥有9家客户、15个合作品牌以及超50个已量产车型；同月，地平线在首届生态大会 上，邀请了来自奇瑞、大众、一汽、吉利等10家整车厂站台。其征程系列芯片累计出货突破1000万套，最新推出的城区辅助驾驶方案在上市两周内激活量超 过1.2万辆。 在聚光灯之外，另一条轨迹正在同步展开。估值一度超过90亿元的纵目科技于2025年4月进入司法重整，禾多科技被申请破产清算；背靠长城汽车的毫末智 行，被曝暂停北京、上海等四地业务，员工关于欠薪和社保断缴的追问，未能等来明确回应。 这种反差标志着一个阶段性的变化。智能驾驶不再只是一个需要被验证的技术方向，而是进入了以规模化交付、成本效率和长期服务能力为核心的竞争周 期。在这一周期中，机会仍然存在，然而它只集中流向少数能够持续证明自身价值的公司。对其他 ...

Core Viewpoint - The rapid development of artificial intelligence, particularly large model technology, is accelerating the path towards high-level autonomous driving (L4), marking a significant transformation in the automotive industry [1][2]. Group 1: Industry Trends - The integration of AI into smart connected vehicles is creating a new wave of innovation, leading to the emergence of new business models and transforming the automotive sector through automation in driving, intelligent cockpits, and overall process intelligence [1]. - The proportion of assisted driving mileage in certain models has exceeded one-third, and daily usage time of AI-enabled cockpit features is over 1.9 hours, indicating a shift from vehicles as mere transportation to interactive smart mobile spaces [1]. Group 2: Challenges in Autonomous Driving - Achieving high-level autonomous driving faces challenges, including the unclear mechanisms behind human driving behavior and the difficulty in ensuring consistent decision-making across different drivers in similar scenarios [1][2]. - Designing autonomous driving systems for mixed traffic conditions presents significant challenges, such as risk assessment, performance validation, and meeting diverse passenger needs [2]. Group 3: Future Outlook - Despite rapid advancements in AI technology, current autonomous driving systems cannot yet surpass human safety levels in all conditions, suggesting a prolonged coexistence of human drivers and robots [2]. - The potential of large model technology to drive progress in autonomous driving is recognized, with core safety metrics improving significantly over the past two years, indicating a trend towards gradual deployment of L4 RoboTaxi services [2]. - The complexity of real-world scenarios emphasizes the need for L4 systems to possess strong generalization and localization capabilities, which will require time to develop [2].

Core Viewpoint - The incident involving automotive reviewer Chen Zhen highlights the risks associated with over-reliance on advanced driver-assistance systems (ADAS) and emphasizes the importance of understanding the limitations of such technologies [1][2]. Summary by Sections Accident Details - The accident occurred while Chen was using an L2 level automated driving feature, which was activated for adaptive cruise control and lane-keeping. At the time of the incident, Chen was distracted, leading to a collision at approximately 80 kilometers per hour after running a red light [4][5]. - The vehicle's data indicated that the ADAS was still engaged during the collision, and there was a brief deceleration noted just before impact, likely due to the force of the collision [4]. Usage of ADAS - Chen admitted to infrequent use of the vehicle and a lack of thorough understanding of the vehicle's ADAS capabilities, as he had not read the user manual [4][5]. - He compared the performance of the luxury vehicle's ADAS unfavorably with domestic brands, suggesting that the latter provide better information and support for drivers [5]. Changes in Perception and Recommendations - Following the accident, Chen recognized that the current ADAS technology is still in the assistance phase, and the driver remains the primary responsible party. He emphasized the need for drivers to be aware of their vehicle's capabilities and limitations [6][7]. - Recommendations include prioritizing vehicles with reliable ADAS, maintaining focus while using such systems, and manufacturers fulfilling their obligation to educate users about the functionalities and limitations of their systems [6][7].

Group 1 - The importance of safety in intelligent connected vehicles is receiving unprecedented attention, with a focus on ensuring safety while advancing AI technology in a scientific and orderly manner [1][2] - The automotive industry is urged to balance safety and development, addressing potential issues such as auxiliary driving safety, battery safety, data security, and privacy concerns [2] - The need for clear communication regarding the functional boundaries and correct usage of intelligent connected vehicles is emphasized to enhance public awareness and reduce safety risks caused by misunderstandings [1][2] Group 2 - The industry has experienced significant reflection following recent events, which is expected to promote progress in the intelligent driving sector [2] - There is a recognition that while machine driving has advantages over human driving, it also has inherent limitations, such as the inability to handle "long-tail scenarios" and risks associated with the black box effect [2] - Continuous innovation is essential for the development of safe autonomous vehicles, and a balance must be struck between safety and innovation to avoid hindering technological advancement [3]

Core Viewpoint - The article highlights the increasing traffic accidents during the National Day holiday due to improper driving behaviors, particularly related to lane changes and the misuse of advanced driving assistance systems [1][10]. Group 1: Traffic Accidents and Causes - High traffic volume during the National Day holiday has led to a rise in accidents, primarily due to drivers not maintaining safe distances and improper lane changes [1]. - A specific incident on the Jiguang Expressway involved a driver, Wen, who changed lanes without proper observation, resulting in a collision for which he was deemed fully responsible [3][5]. - Another case involved a driver, Chen, who relied on the vehicle's auxiliary driving feature, leading to a crash when the vehicle deviated from its lane during an overtaking maneuver [9]. Group 2: Misuse of Advanced Driving Assistance Systems - The article emphasizes that many drivers mistakenly believe that activating auxiliary driving features equates to fully autonomous driving, which is not the case [10][21]. - A driver named Liu experienced an accident when a truck changed lanes unexpectedly while he was using the intelligent driving feature, highlighting the need for constant driver vigilance [12][13]. - The article cites that current vehicles on the market are equipped with Level 2 or lower driving assistance systems, which do not replace the need for driver control and attention [18][21]. Group 3: Legal Implications - Drivers who misuse auxiliary driving systems may face significant legal consequences, including civil liability, administrative penalties, and potential criminal charges if accidents occur [21][23]. - The article notes that causing severe traffic accidents could lead to charges of traffic crimes, especially if injuries or significant property damage result from distracted driving [23].

Core Viewpoint - The article highlights the increasing traffic accidents during the holiday return peak, emphasizing the importance of maintaining safe driving practices and the risks associated with improper use of advanced driving assistance systems [1][9]. Group 1: Traffic Accidents and Causes - High traffic volume during holiday periods leads to a rise in accidents, primarily due to failure to maintain safe distances and improper lane changes [1][3]. - A specific incident on the Jiguang Expressway involved a driver, Wen, who changed lanes without proper caution, resulting in a collision, for which he was deemed fully responsible [3][6]. - Another case involved a driver, Chen, who relied on the auxiliary driving feature, leading to a collision with a truck due to a lack of active control over the vehicle [8][10]. Group 2: Misuse of Advanced Driving Assistance Systems - The article stresses that auxiliary driving systems do not equate to automatic driving, and drivers must remain vigilant and ready to take control [9][12]. - A case involving Liu, who activated the intelligent driving feature, resulted in an accident when a truck changed lanes unexpectedly, highlighting the need for driver attentiveness even with such systems engaged [9][15]. - The current market offers vehicles with Level 2 or lower driving assistance, which serve as aids rather than replacements for driver control, emphasizing the legal risks associated with distracted driving [15][17].

Investment Rating - The report maintains a positive outlook on the automotive industry, particularly highlighting the long-term global competitiveness of Chinese car manufacturers, with a specific focus on BYD as a hedge against local market fluctuations [2][3]. Core Insights - Recent interactions with overseas investors reveal a divergence in perception compared to domestic investors, with overseas investors prioritizing the long-term global competitiveness of Chinese automotive companies over short-term domestic market volatility [2][3]. - There is a notable interest from overseas investors in new technological trends within the Chinese automotive industry, especially in the fields of intelligent driving and robotics, which could enhance the valuation potential of companies with core technologies and global capabilities [4]. - The report suggests that the successful globalization strategies of strong automotive manufacturers and component suppliers will likely lead to significant growth potential [4]. Summary by Sections Overseas Investors - Overseas investors are increasingly viewing investments in Chinese automotive companies, particularly BYD, as a hedge against their local automotive industries, focusing on long-term competitiveness and globalization strategies [3]. - The report estimates that unless there is a significant change in BYD's global strategy, its market value is likely to remain above 750 billion RMB [3]. Technological Trends - There is a strong interest from overseas investors in the new technology wave in the Chinese automotive sector, particularly in intelligent driving and robotics, with positive feedback on the technological competitiveness of brands like Xiaopeng and Li Auto [4]. - This trend is expected to create new valuation opportunities for companies with core technologies and global capabilities, such as Horizon Robotics [4]. Investment Recommendations - The report recommends focusing on domestic strong alpha manufacturers like BYD, Geely, and Xiaopeng, as well as companies involved in intelligent technology trends such as Jianghuai Automobile and Seres [2]. - It also highlights the importance of state-owned enterprise reforms and suggests monitoring companies like SAIC Motor, Dongfeng Motor, and Changan Automobile for potential investment opportunities [2].

Core Insights - The penetration rate of L2 and above advanced driver assistance systems (ADAS) in new energy passenger vehicles reached 82.6% in the first half of 2025, indicating significant growth in the adoption of intelligent driving features [1] - The New Energy Vehicle (NEV) ETF closely tracks the CSI New Energy Vehicle Industry Index, which reflects the overall performance of leading listed companies in the NEV sector [1] - The top ten weighted stocks in the CSI New Energy Vehicle Industry Index account for 55.33% of the index, highlighting the concentration of market influence among these companies [1] Industry Summary - The report from the Passenger Car Association indicates that the installation rate of intelligent driving features is increasing due to advancements in technology and decreasing hardware and software costs [1] - The CSI New Energy Vehicle Industry Index includes 50 listed companies involved in various aspects of the NEV industry, such as electric vehicles, electric motors, battery equipment, and materials [1] - As of July 31, 2025, the top ten companies in the index include CATL, Huichuan Technology, BYD, Changan Automobile, and others, showcasing the key players in the NEV market [1]

Group 1 - The article emphasizes that the confusion between assisted driving and autonomous driving is a major cause of accidents related to assisted driving [2] - It highlights that currently, there are no certified L3 autonomous driving products available in the domestic market, and all vehicles in use are L2 level, requiring constant driver supervision [2] - The article mentions that the responsibility for accidents lies with the driver unless it can be proven that a product defect caused the incident [2] Group 2 - The article discusses the increasing popularity of assisted driving among consumers, leading to some electric vehicle brands promoting intelligent driving as a core selling point, resulting in excessive marketing [2] - It notes that the Chinese automotive industry associations have called for strict adherence to the classification of automated driving to prevent false advertising and misleading statements [2] - The article stresses the importance of safety and responsible use of driving functions, urging consumers not to rely entirely on immature intelligent driving technologies [3] Group 3 - The article calls for automakers to take a responsible approach by educating the public on the correct use of assisted driving features and enhancing safety awareness [3] - It points out that the current assisted driving technology has not yet reached full autonomous driving levels and has limitations in usage scenarios [3] - The article urges automakers to clearly inform users about the capabilities and limitations of assisted driving systems to prevent dangerous situations caused by misleading promotions [3]