The Zhitong Finance App learned that the automobile industry chain broke out in early trading. As of press release, Xiaopeng Automobile-W (09868) rose 25.29% to HK$75.9; NIO-SW (09866) rose 9.79% to HK$101.5; Next-SW (01316) rose 9.28% to HK$5.77; Zhejiang Shibao (01057) rose 8.76% to HK$2.73; Jingdong Precision Electric (00710) rose 2.78% to HK$11.08.
According to the news, the Ministry of Industry and Information Technology and the National Standardization Administration issued a notice on the “National Internet of Vehicles Industry Standard System Construction Guidelines (Intelligent Connected Vehicles) (2023 Edition)”. The notice suggests that in the first phase, by 2025, the system will form an intelligent connected vehicle standard system that can support the combined driving assistance and general functions of autonomous driving; in the second phase, by 2030, an intelligent connected vehicle standard system that can support the collaborative development of bicycle intelligence and connected empowerment will be fully formed.
CITIC Securities pointed out that in the second half of the year, Tesla and leading domestic forces are expected to take the lead in opening advanced driving assistance products such as NOA and NGP in cities, covering the functions of assisted driving, from 10% of high-speed scenarios to 90% of the urban market. We expect that with the upgrading of the city-side intelligent driving experience and the planning of L3 related regulations, the “smart experience” is expected to continue to gain weight in consumers' car purchase decisions in the second half of the year, boosting the sales ratio of high-spec autonomous driving models. Minsheng Securities pointed out that it is firmly bullish on the auto parts sector with intelligent electric properties, and suggests focusing on the intelligence+thermal management+lightweight core track.