此次L3级汽车产品的获批，意味着自动驾驶整车车型首次以产品形态进入市场，也标志着我国智能网 联汽车准入和上路通行试点进入新阶段。未来，随着L3级自动驾驶的商业化落地加速，车辆对于网络 稳定性、带宽、时延的要求以及网联服务的需求有望呈几何级数放大。 万马科技进一步指出，公司作为车联网领域的领先企业，具备在车联网专网、双卡联网方案、DSDA链 路双活方案、eSIM方案、AI网络和AI运维等领域的技术创新优势，可以满足智能网联汽车高带宽低延 时的通信需求，提升智能网联汽车的运维效率和运营能力。 在无人驾驶领域，万马科技表示，公司主要向各类车企提供车联网连接管理、平台运营等产品/服务， 可覆盖各类无人驾驶业务场景，如Robotaxi、Robovan等。 值得一提的是，最近智能驾驶领域热闹非凡，不仅迎来我国首批L3级自动驾驶车型准入许可，特斯拉 Robotaxi(无人驾驶出租车)也正式在美国得克萨斯州奥斯汀启动路测，这一进展对特斯拉的Robotaxi项目 具有重要意义。 12月17日，有投资者在互动平台向万马科技（300698）问及我国首批L3级有条件自动驾驶车型准入许 可正式公布对公司的影响。万马科技对此回复称，随着 ...

Core Viewpoint - Wanma Technology (300698.SZ) is positioned as a leading enterprise in the vehicle networking sector, providing comprehensive high-level intelligent networking solutions for autonomous vehicles such as Robotaxi and Robovan [1] Group 1: Product Offerings - The company offers a comprehensive solution that includes "end, management, and cloud" aspects for vehicle networking [1] - The "end" aspect includes advanced networking hardware, mature eSIM solutions, and DSDA dual-active link solutions [1] - The "management" aspect provides dedicated vehicle networking and global networking services [1] - The "cloud" aspect features technological innovations in AI networking, AI operations, and data closed-loop cloud services [1] Group 2: Client Partnerships - In the Robotaxi sector, the company has established partnerships with Baidu Apollo, Hello, and Cao Cao Mobility [1] - In the Robovan sector, the company collaborates with Jiushi and Zhixingzhe [1]

Company Overview - Wanma Technology Co., Ltd. was established in 1997 and listed on the Shenzhen Stock Exchange's Growth Enterprise Market on August 31, 2017 [2][3] - In the first three quarters of 2025, the company achieved a revenue of CNY 557 million, representing a year-on-year growth of 44.51% [2][3] Business Segments - The company has expanded from traditional communication equipment to the intelligent computing data center market, capitalizing on rapid industry growth [3][4] - Both the communication and industrial control business segments, as well as the vehicle networking segment, have experienced significant growth in 2025 [3][4] Vehicle Networking Solutions - As a leading player in the vehicle networking sector, the company offers comprehensive solutions that include high-level hardware, mature eSIM solutions, and dual-active link solutions [4][8] - The company has established partnerships with major automotive manufacturers such as Geely, Ideal, SAIC, and Dongfeng, managing over 16 million connected vehicles [4][6] Global Business Strategy - The company has deployed six regional platforms globally and has built deep relationships with mainstream operators in various countries, providing overseas connectivity services for several well-known automotive brands [4][10] - The company aims to expand its global business ecosystem strategy, exploring new business scenarios and broadening its cooperation scope to create new profit growth points [10][11] Technological Advantages - The company possesses innovative capabilities in AI networks, AI operations, and data closed-loop cloud services, which enhance the operational efficiency and capabilities of smart connected vehicles [4][8] - In the context of Robotaxi and Robovan, the company emphasizes the importance of network stability, bandwidth, and latency, which are critical for safe decision-making and operational efficiency [7][9] Future Directions - The company plans to optimize its traditional communication business while continuing to strengthen its vehicle networking segment and explore new applications such as Robotaxi and Robovan [11] - The company is also focusing on expanding its data center business and migrating its capabilities to other IoT scenarios, including embodied intelligence and unmanned systems [11]