With the promotion of NOA (Autonomous Assisted Navigation and Driving), the penetration rate of each level of autonomous driving will continue to increase
The reporter learned from the press briefing on the second batch of autonomous driving open test roads in the Pudong New Area that the entire Jinqiao Economic and Technological Development Zone and the “North-South Science and Technology Innovation Corridor Corridor” roads such as Shenjiang Road, Shanghai-South Highway, and the Lianggang Highway in Pudong have been opened as test roads for autonomous driving. A total of 205 kilometers of test roads were opened this time. This is the second batch of autonomous driving test roads opened in Pudong New Area after opening the first batch of 12 and 29.3-kilometer autonomous driving test roads in 2022.
Up to now, Shanghai has opened a total of 1003 test roads, and the total mileage has exceeded 2,000 kilometers.
Haitong Securities pointed out that with the promotion of NOA (automatic assisted navigation and driving), the penetration rate of each level of autonomous driving will continue to increase, and there is still plenty of room for growth in intelligent automotive components. Smart electric components benefiting from diversified and high-end demand will also maintain high growth.
Concept companies related to self-driving support:
Nexteer (01316): The company, together with its subsidiaries (collectively referred to as the Group), is mainly engaged in the design and manufacture of steering and power transmission systems, advanced driver assistance systems (ADAS) and autonomous driving (AD), and parts for automobile manufacturers and other automobile-related companies. Nexteer is a global leader in electric steering. It has a complete product portfolio of EPS, CIS, and DL products. It received the first EPS order from a leading global tram company in Q3 2023, and is in a pioneer position in the field of online control steering.
Zhejiang Shibao (01057): Zhejiang Shibao products include steering columns, DP-EPS, R-EPS, intelligent steering systems, and wire-controlled steering systems. On March 14, it was stated on the investor interactive platform that the company cooperated with many automakers to supply them with steering system assembly products and key components. The company's main customers include Chery, Geely, NIO, Foton, FAW, JAC, Dongfeng, Sinotruk, Yutong, and BYD commercial vehicles. The company is also continuously developing new customers, including new car builders and overseas automakers, to bring momentum to the company's continued development.
Zhixing Automotive Technology (01274): The company's products include the IDC series, IFC series, and iDC Mid. The self-developed mobile parking integrated domain controller, the IDC Mid, was mass-produced and delivered in 2023. It has already been installed on Chery Starway and Starway Lingyun. Currently, it has obtained 6 fixed order letters from different OEMs.