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Minsheng Securities released a research report stating that intelligent capability will become an important factor in the competition among automotive companies. With the emergence of the turning point in the usage of Tesla's FSD, the acceleration of the implementation of urban assisted driving by new autonomous forces, and Xiaopeng opening a new business model; the firm judges that intelligent driving is gradually reaching a triple turning point in technology, user acceptance, and business models, and they have a positive outlook on leading self-owned car companies with relatively advanced intelligent layouts, product cycles, and brand cycles. Electric and intelligent technology is reshaping the order, with high-quality self-owned component suppliers gaining more support through cost-effectiveness and rapid response capabilities while also seizing the opportunity to make breakthroughs in technology from 0 to 1, accelerating the globalization process and breaking the monopoly of foreign capital. The firm suggests paying attention to the new autonomous industry chain and intelligentization.