CMSC: China and the United States jointly promote high-end intelligent driving technology, and expect the intelligent driving sector to be the first to break through the slump.

CMSC released a research report stating that China and the United States are synchronously promoting high-level autonomous driving, and it is expected that the autonomous driving sector will be the first to break out of the low point. In China, the system for the production access of L3 level autonomous driving has been institutionalized, and the commercialization process is moving forward in an orderly and rigorous manner; Tesla, Inc.'s Robotaxi testing without safety drivers is advancing, and autonomous driving is evolving rapidly. The report points out that the landing of L3 autonomous driving is driving the autonomous driving sector to be the first to emerge from the recent weak beta trend in the automotive industry. For whole vehicles, XPENG-W (09868) and Tesla, Inc. (TSLA.US) are recommended; for components, HORIZONROBOT-W (09660) and HESAI-W (02525) are recommended; for Robotaxi operations, PONY-W (02026) is recommended.