Tesla FSD V12 is about to be fully launched, and commercialization of autonomous driving is speeding up
On March 26, 2024, Musk sent an email to all Tesla employees requesting North American employees to install and activate FSD V12.3.1 before delivering vehicles to provide new customers with an FSD test drive experience. Meanwhile, Tesla will launch a one-month FSD free trial service for new cars in North America this week. This means that the Tesla FSD V12 has begun to be launched at an accelerated pace in North America, and full launch is just around the corner.
The new “end-to-end” architecture is expected to significantly improve FSD's intelligent driving capabilities and user experience, and Tesla Smart Driving is expected to usher in its own ChatGPT moment.
Shanghai's Pudong New Area opened the second batch of autonomous driving test roads on March 19, 2024, with a total of 205 kilometers. Up to now, Shanghai has opened a total of 1003 autonomous driving test roads, and the total mileage has exceeded 2,000 kilometers.
Leading smart car companies in China are also actively following up the end-to-end architecture, adding industry catalysts such as the launch of the Xiaomi SU7, the April Beijing Auto Show, Horizon's submission of a Hong Kong stock prospectus, and the first batch of L3 pilot lists expected to be released in the near future. CITIC Securities believes that sector sentiment is expected to continue to be catalyzed.
Companies related to the autonomous driving concept:
Zhixing Auto Technology (01274): Zhixing Auto Technology is an autonomous driving solution provider in China, focusing on autonomous driving domain controllers. The company has commercialized L2 to L2+ autonomous driving solutions (L2+ is not an official classification under SAE (1)) and is developing L2 to L4 autonomous driving solutions for automakers (OEMs). According to public information, the company has obtained fixed-point letters relating to 16 well-known OEM customers. For example, Geely Automobile, Great Wall Motor, Chery Automobile, and Dongfeng Motor have purchased or are expected to purchase autonomous driving domain controllers and iFC products from the company.
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.
Zhejiang Shibao (01057): Zhejiang Shibao products include steering columns, DP-EPS, R-EPS, intelligent steering systems, and wire-controlled steering systems.