Citibank analyst: New regulations on autonomous driving are expected to temporarily suppress the penetration of AD/ADAS, but the long-term trend remains unchanged.

According to the Securities Times APP, Citigroup analysts released new insights after visiting the Shanghai Auto Show. The core conclusions are as follows: GoerTek (02018) is expanding its automotive product line, showcasing its motor system for the first time, with smooth progress in the application of glass windows (WLG); Xiaomi's SU7 orders backlog exceeds 200,000 vehicles, and YU7 still plans to be released in June-July, recent collision incidents have not affected the listing schedule; Zhongke Chuanda (300496.SZ) is driving growth with the full-stack AquaDriveOS solution in intelligent cockpit + AI, driving growth; NavInfo (002405.SZ) is transitioning to a first-tier supplier of intelligent cockpit + intelligent driving, with R&D investment under continuous pressure; Short-term regulations on autonomous driving suppress AD/ADAS penetration, but the long-term trend remains unchanged; localization of automotive chips still requires time, but backup supply chain solutions are ready to address potential supply chain risks.