The market's recent focus on Tesla entering China with fully autonomous driving
Regarding the recent news that the market is concerned about Tesla entering China with fully autonomous driving, Tesla responded that there is currently no schedule for FSD to enter China.
On April 28, Tesla CEO Musk came to China. Tesla's official Weibo spoke out twice, mentioning the accelerated implementation of autonomous driving technology.
Societe Generale Securities believes that Tesla is the anchor of intelligent driving. FSD's subsequent progress may exceed expectations. There may be many eventful catalysts during the year, and the intelligent driving sector has sector opportunities.
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.
CITIC Securities released a research report saying that leading domestic smart driving companies are also actively following up on the end-to-end architecture. Combined with the launch of the Xiaomi SU7, the April Beijing Auto Show, the Hong Kong Stock Prospectus submitted by Horizon, and the release of the first batch of L3 pilot lists, etc., the sector sentiment is expected to continue to be catalyzed. Continue to be optimistic about this round of smart driving.
Companies related to the autonomous driving concept:
Baidu Group - SW (09888): Tesla is reportedly collaborating with Baidu on maps and navigation functions in China.
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.