Investment Rating - The report maintains an "Outperform" rating for the automotive industry [4][6]. Core Insights - The penetration rate of NOA (Navigation on Autopilot) in urban areas reached 16% in September, with significant advancements in autonomous driving technologies from companies like Xiaopeng and others [1][16]. - The report highlights a continuous increase in the adoption of high-resolution cameras, with 800 million pixel cameras accounting for 46.7% of the market by September 2025, reflecting a year-on-year increase of 28 percentage points [2]. - The market share of lidar technology is also on the rise, with a penetration rate of 12.2% for passenger vehicles by September 2025, up 5.3 percentage points year-on-year [2]. Summary by Sections Industry News - Xiaopeng launched its second-generation VLA, Robotaxi, and the new generation IRON, marking a significant step in the integration of AI in transportation [1][16]. - Other notable developments include the mass production plans for autonomous trucks by Xiaoma Zhixing and the acquisition of a pure unmanned license by WeRide in Switzerland [1]. High-Frequency Core Data Updates - The penetration rate of front-view cameras in passenger vehicles reached 67.8% by September 2025, with a notable increase in the adoption of 800 million pixel cameras [2]. - The share of Nvidia chips in the driving domain increased to 57.6%, reflecting a year-on-year growth of 25.9% [2]. Smart Driving - The penetration rate of passenger vehicles equipped with L2-level or higher functions reached 34.8% by September, with significant growth in both highway and urban NOA functionalities [3]. - The report indicates that the penetration rates for various sensors, including front-view cameras and lidar, have shown consistent growth [3]. Investment Recommendations - The report recommends investing in companies such as Xiaopeng Motors, Leap Motor, and Geely for complete vehicles, while suggesting Xiaoma Zhixing and WeRide for L4 technologies [4]. - For components, it recommends companies like Hesai Technology for data acquisition and Horizon Robotics for data processing [4].

黑芝麻智能创始人兼CEO单记章在发布会演讲现场，图片：企业供图 根据介绍，黑芝麻智能的SesameX平台采取多层架构。底层为计算平台，包含Kalos、Aura、Liora三款自研模组；中间件层负责调度与协同；第三层原子应 用层，分为任务模型和原子模型，让机器人从"程序执行器"升级为"技能学习者"。 三款核心模组对应不同智能层级： 文｜富充 编辑｜苏建勋 36氪获悉，近日，黑芝麻智能正式推出面向机器人产业的SesameX多维智能计算平台，这是业界首个机器人商业化专属部署平台。 目前，SesameX平台已率先与星程智能、深庭记、云深处、灵御智能等伙伴展开合作，实现商业化部署，相关成果已应用于物流车、四足机器人、轮式机器 人等多款产品中。 回顾历史，黑芝麻智能的业务始于智能汽车芯片领域，2020年以来，该公司参与了多款智能驾驶芯片从设计到量产的全过程。 黑芝麻智能创始人兼CEO单记章表示："我们在智能汽车产业积累的研发和量产经验将直接支持在机器人领域的新应用，为具身智能的进化提供动力，打造 机器人的'多维智能引擎'。" 同时，黑芝麻智能还与湖北华中电力科技开发有限责任公司达成战略合作，共同探索具身机器人在电力行业的 ...