Core Insights - The report by the Passenger Car Association indicates a strong performance in the AEB (Automatic Emergency Braking) installation rate for the first half of 2025, with an overall installation rate of 64.4% for passenger vehicles [1] - The segment of passenger vehicles priced between 160,000 to 240,000 yuan accounts for 75.4% of the total, suggesting significant market potential for growth [1] - The AEB installation rate for new energy passenger vehicles has reached 67.1%, reflecting advancements in technology and cost optimization [1] Industry Trends - The integration of multiple technologies and continuous hardware cost reductions are driving improvements in AEB capabilities [1]

Core Insights - The Industrial Internet Theme Index (931495) has seen a strong increase of 1.94% as of May 29, 2025, with significant gains in constituent stocks such as Huada Jiutian (301269) up 15.75% and Desay SV (002920) up 10.00% [1] - The Industrial Internet ETF (159778) has risen by 2.36%, with a latest price of 0.83 yuan, and has accumulated a 16.81% increase over the past year as of May 28, 2025 [1] - The Ministry of Industry and Information Technology is seeking public opinion on the national standard for Automatic Emergency Braking (AEB) systems, which is expected to become a standard feature and enhance the penetration of various electronic control devices in braking systems [1] Industry Analysis - According to Guotai Haitong Securities, the hardware required for AEB is divided into intelligent driving and chassis execution components, with significant opportunities for domestic replacement in the ESC function, which is currently dominated by foreign companies [2] - The new regulations are anticipated to promote the penetration of line control braking, which is more efficient than ESC [2] - The Industrial Internet Theme Index comprises 50 listed companies involved in hardware manufacturing, software development, and application services, reflecting the overall performance of the industrial internet theme [2] - As of April 30, 2025, the top ten weighted stocks in the Industrial Internet Theme Index account for 47.41% of the index, including companies like BYD (002594) and Hikvision (002415) [2]

Core Viewpoint - The debate between Huawei's Yu Chengdong and Xiaopeng Motors' He Xiaopeng regarding the Automatic Emergency Braking (AEB) system highlights a significant shift in the automotive industry from "passive safety" to "active safety," coinciding with the upcoming mandatory AEB national standard [2][3] Group 1: AEB National Standard Implementation - The introduction of the mandatory AEB standard will provide strong safety guarantees for traffic participants, with AEB installation rates currently correlating positively with vehicle prices [3] - The new regulation mandates that all M1 passenger cars and N1 light trucks must be equipped with AEB, increasing the base of covered models by 30%, translating to nearly 25 million new vehicles requiring AEB installation annually [3] - The AEB standard aligns with UN-R152 regulations, enhancing the recognition capabilities for vulnerable road users and expanding testing scenarios to complex urban environments, which is expected to significantly reduce accident rates [3][4] Group 2: Technical Standards and Innovations - The new AEB standard introduces simulation testing requirements, with a minimum pass rate of 90% for vehicle-to-vehicle tests and 80% for vehicle-to-pedestrian/bicycle tests, setting a high bar for safety performance [4] - AEB is evolving into a core component of the intelligent driving ecosystem, prompting manufacturers to invest more in key technologies such as environmental perception and decision algorithms [5] - Domestic suppliers are innovating to reduce costs associated with AEB systems, with examples including integrated sensing modules that lower material and assembly costs by 30% [5] Group 3: Industry Impact and Market Opportunities - The implementation of the AEB standard will create significant market opportunities for core component suppliers, leading to explosive demand for critical parts like radar and camera modules [6] - The new standard will encourage collaboration between vehicle manufacturers and supply chain companies, fostering innovation across the industry [6] - The AEB standard's introduction is expected to accelerate the internationalization of automotive safety technology, presenting both challenges and opportunities for Chinese automotive companies in the global market [6] Group 4: Transformation of the Automotive Industry - The AEB mandatory standard signifies a shift from "differentiated options" to "standardized configurations," pushing the industry towards a user-centered approach [7] - Companies that can provide cost-effective solutions and maintain strong partnerships with leading automakers are likely to disrupt the foreign-dominated automotive safety market [7] - The AEB standard is anticipated to unlock a substantial new market for the Chinese automotive industry, similar to the market expansion seen with the widespread adoption of ABS technology two decades ago [7]

Core Viewpoint - The article discusses the transition of AEB (Automatic Emergency Braking) systems in China from voluntary installation to mandatory standardization, which is expected to significantly boost the intelligent driving industry, particularly benefiting the laser radar sector as a key component in perception systems [1]. Group 1: Policy Impact - The release of the draft technical requirements for AEB systems by the National Standardization Administration indicates a new era of mandatory installation in China [1]. - This policy is anticipated to drive growth in the intelligent driving supply chain, particularly for perception, decision-making, and control players [1]. Group 2: Laser Radar Advantages - Vehicles equipped with laser radar can avoid 25% of collision accidents and improve the ability to mitigate accident impacts by 29% according to a study by Swiss Re [1]. - NIO has reported that its active safety iterations have reduced average accident losses for owners by 25.2% [2]. - Laser radar offers unique advantages over pure visual solutions, such as unaffected performance in various lighting conditions and high precision in distance measurement and speed calculation [3]. Group 3: Market Dynamics - The current mainstream AEB solutions are based on visual and millimeter-wave radar technologies, with costs ranging from hundreds to thousands of yuan depending on sensor configurations [4]. - The penetration of laser radar in the market is contingent upon reducing costs, which could accelerate its adoption and promote "safety equity" [4]. - The new AEB standard may also enhance the penetration of other advanced driver-assistance systems (ADAS) features, benefiting laser radar technology [4].