地平线机器人（09660）：公司在高级辅助驾驶解决方案市场中占据主导地位，为少数可以同时供应芯 片+算法的供应商之一。硬件方面，推出J6P及HorizonCell，可提供1120TOPS算力，已站稳国内算力第 一梯队，正加速追赶英伟达中；解决方案方面，推出城区NOA智驾方案，软硬结合可进一步提高解决 方案性能；公司客户资源+量产经验丰富，产品已搭载理想L6Pro、蔚来firefly萤火虫、奇瑞iCARV23等 车型，已进入比亚迪（002594）、奇瑞、博世等客户。 黑芝麻（000716）智能（02533）：在自动驾驶领域，公司华山系列A1000Pro算力达106TOPS，性能优 异，推出A2000进一步丰富产品矩阵，公司已与吉利等众多主要汽车OEM以及Tier1合作，已进入银河 E8、领克07等车型；在跨域计算领域，公司推出业内首个跨域计算芯片武当C1200，一汽红旗有望基于 C1200打造单芯片智能车控平台方案，助力公司营收增长。 近年来，随着技术的跃进式提升，叠加硬件和软件成本的不断下降，智能驾驶辅助功能搭载率不断提 升。乘联分会发布的数据显示，2025年1-6月新能源乘用车L2级及以上的辅助驾驶功能装车 ...

Industry Overview - The Ministry of Industry and Information Technology has released a draft for mandatory national standards on "Safety Requirements for Intelligent Connected Vehicle Combination Driving Assistance Systems," aiming to establish a safety baseline for intelligent connected vehicles [1] - The draft emphasizes that systems can only be activated under their designed operating conditions and sets comprehensive safety technical requirements, including human-machine interaction, functional safety, information security, and data recording, creating a "triple safety guarantee" [1] - The standard is expected to drive technological upgrades and accelerate the implementation of advanced intelligent driving, facilitating smoother international expansion for the industry [1][2] Market Trends - The penetration rate of combination driving assistance systems in new passenger cars in China reached 62.58% in the first seven months of this year, with sales of such vehicles amounting to 7.76 million units, a year-on-year increase of 21.31% [2] - By mid-2025, the installation rate of L2-level and above driving assistance functions in new energy passenger vehicles is projected to reach 82.6% [2] - The current period until next year is seen as a critical window for breakthroughs in the maturity of advanced intelligent driving technology, policy regulations, user acceptance, and business models [2] Company Developments - Horizon Robotics is a leading player in the advanced driving assistance solutions market, providing both chips and algorithms, with products like J6P and HorizonCell offering 1120 TOPS computing power [4] - Black Sesame Intelligence has developed the A1000Pro chip with 106 TOPS performance and is collaborating with major automotive OEMs, enhancing its product matrix with the A2000 chip [4] - SUTENG Juchuang has achieved mass production of its high-line count LiDAR products, which are now featured in new models from various automakers [5] - Youjia Innovation has secured multiple contracts in the intelligent driving sector and is investing in high-level driving assistance and L4 autonomous driving solutions [5][6]

Core Viewpoint - The company, Youjia Innovation, has successfully completed the placement of 6.8 million new H-shares, raising a net amount of HKD 155 million to enhance its investment in advanced driver assistance systems and L4 autonomous driving solutions [1][2]. Group 1: Fund Allocation - Approximately 40% of the net proceeds will be used to enhance the functionality of smart driving solutions to meet the growing demand for advanced driver assistance projects [2]. - About 30% will be allocated for technical upgrades of L4 autonomous driving solutions to support the commercialization of passenger and cargo autonomous driving scenarios [2]. - Around 20% will be invested in exploring potential strategic partnerships, alliances, and acquisition opportunities [2]. - Approximately 10% of the net proceeds will be used for working capital and general corporate purposes [2]. Group 2: Business Development - Youjia Innovation has gained recognition and support from major clients, having achieved mass production for 35 automotive manufacturers, including SAIC Motor, Changan Automobile, and Chery [3]. - The company has successfully entered international supply chains, exporting vehicles to regions such as the EU, Australia, Singapore, Malaysia, India, South Korea, Dubai, and Turkey [3]. - The latest advanced driver assistance controller, iPilot4plus, supports various functions and is set to be mass-produced for high-end models priced around 300,000 RMB [2][3].

Group 1 - The core viewpoint of the news is that Shenzhen Youjia Innovation Technology Co., Ltd. has received a designated project for its L4 autonomous driving minibus from China Telecom, marking a significant step towards the commercialization of L4 technology [1] - The new generation of autonomous minibuses features high precision, strong computing power, and low cost, which are critical for mass production in urban open road scenarios [2][3] - The L4 autonomous driving system utilizes self-developed algorithms and advanced sensor fusion technology, enabling smooth driving at speeds up to 40 km/h in complex urban environments [2] Group 2 - The application of automotive-grade solutions is expected to accelerate project deployment and set new industry benchmarks in redundancy design, system stability, and cost-effectiveness [3] - Youjia Innovation's autonomous minibuses are designed to address the "last mile" transportation challenge, enhancing the integration of autonomous driving with urban traffic systems [4] - The company aims to explore deeper applications of autonomous driving technology in various scenarios, including airports and logistics, by leveraging its comprehensive self-research capabilities and technological innovations [4]