Core Viewpoint - The Chinese new energy vehicle (NEV) market is experiencing significant growth, with a notable increase in sales and market penetration, indicating a strong trend towards electrification and smart driving technologies. Group 1: Market Trends - In November 2025, NEV sales reached 1.823 million units, representing a month-on-month increase of 6.2% and a year-on-year growth of 20.5%, with a penetration rate of 53.2% [5] - The sales of new energy passenger vehicles were 1.718 million units, showing a year-on-year increase of 18.5%, while new energy commercial vehicle sales reached 104,000 units, up 65.4% year-on-year [12] Group 2: Market Structure - In November 2025, the market share of new energy sedans was 41.7%, down 4.5 percentage points year-on-year, while the share of new energy SUVs increased to 48.7%, up 2.7 percentage points [9] - All segments within the market showed growth, with commercial vehicles growing faster than passenger vehicles; semi-trailer trucks saw a remarkable growth of 193.5% [12] Group 3: Advanced Driver Assistance Systems (ADAS) Adoption - From January to October 2025, the installation rate of L2 and above driver assistance features in new energy passenger vehicles reached 87.0%, with significant growth in the market segment priced below 160,000 [14] - The overall installation rate of Automatic Emergency Braking (AEB) in passenger vehicles was 67.8%, with new energy passenger vehicles achieving a rate of 72.1% [17] - The installation rate of Full-Speed Adaptive Cruise Control (ACC) in the overall passenger vehicle market was 62.1%, while it reached 71.6% in the new energy passenger vehicle segment [22] Group 4: Camera Technology in Smart Driving - The development of vehicle-mounted cameras, essential for smart driving, has rapidly evolved, transitioning from basic reversing images to core sensors in advanced driver assistance systems within a decade [33] - Modern smart driving demands higher performance from vehicle-mounted cameras, focusing on resolution, dynamic range, and low-light performance [35] - The application scenarios for vehicle-mounted cameras are expanding from environmental perception to driver monitoring and in-car interaction [46]