rounderspokerchips| Hong Kong stock concept tracking| Baidu and Tesla join forces! Smart driving will welcome a new window for development (attached concept stocks)

A few days ago, Musk said that Tesla (TSLARounderspokerchipsUs) plans to launch a driverless taxi (robotaxi) on August 8, 2024. Tesla has previously said that the next generation of car platforms will include lower-priced cars and fully self-driving taxis. Xu Baoqiang, general manager of Baidu Group-SW (09888) Autopilot Technology Department, revealed on May 15 that Baidu will consider possible cooperation opportunities for the Robotaxi to be launched by Tesla according to Tesla's specific application model and the pace of entering the Chinese market. Related targets: Baidu Group-SW (09888), Zhixing Automotive Technology (01274), Nesite (01316), Zhejiang Shibao (01057).

On April 28th, Tesla CEO Musk came to China. After that, Tesla spoke on his official Weibo twice, mentioningRounderspokerchipsAccelerate the landing of autopilot technology. Tesla will use the Advanced Auxiliary driving Map (Gaofu Map) provided by Baidu Map for the Chinese version of FSD (Full-Self Driving, fully autopilot), a source said on April 29th.

In a conference call on the first quarter of 2024, Musk confirmed that Tesla will launch the Robotaxi product, or "Cybercab", in August this year, and said that the Robotaxi, a self-driving taxi being developed by the company, hopes to achieve mass production in 2024, which will be a "huge driving force" for Tesla's future growth.

At the same time, the two major travel platforms of Hong Kong stock IPO, such as Qi Travel and Cao Cao Travel, are taking autopilot and Robotaxi as important contents of the prospectus. According to Cao Cao, in the long run, self-driving is expected to promote a structural transformation of China's shared travel market, with advances in self-driving increasing the supply of compliant vehicles and creating huge room for cost reduction.

Ruqi Travel has realized the mixed dispatch mode of Robotaxi and manned ride-hailing. The service will be launched in Guangzhou Nansha and Shenzhen in 2022 and early 2024 respectively. It is predicted that Robotaxi will be commercialized around 2026 and will enter a mature commercial stage before 2030.

At present, the domestic Robotaxi competition pattern is still changing. Huafu Securities Research News said that the development of the Robotaxi industry needs to be promoted by all parties. The "Golden Triangle" cooperation mode carried out by vehicle factories, self-driving technology companies and travel service operators is the current mainstream.

With the advance of new self-driving technology, a number of domestic cities have issued intensive measures to support the intelligent Internet-connected automobile industry. According to incomplete statistics, 51 cities such as Beijing, Shanghai, Guangzhou, Shenzhen and Hangzhou have issued pilot demonstration policies on autopilot to accelerate the expansion of application scenarios.

Industry experts said that with the joint efforts of the government and enterprises, the intelligent online automobile industry chain such as unmanned taxis is expected to make a new breakthrough. According to the latest Counterpoint Research report, the number of cars reaching Level 3 on the road in China will reach 1 million by 2026 and the share of shipments will reach 10% by 2028.

The Open Source Securities Research report points out that the demand for autopilot is highly deterministic and the business model is in progress. It is expected that in the future, as users establish self-driving habits and expand the size of users, high-level autopilot software fees may gradually increase, when car companies are expected to make a profit by "selling self-driving software."

Anxin Securities previously reported that the development of intelligent cars has accelerated under the leadership of leading car companies such as Tesla and Huawei. At present, autopilot is still in the process of rapid iteration forward. With the gradual release of L3 regulations and the continuous upgrading of algorithms, autopilot may become a new demand for consumers to buy cars. In the future, intelligent driving function may become the winner of vehicle sales, and intelligent driving related parts companies are expected to gain greater growth opportunities by virtue of technical advantages and product iterations.

Related concept stocks:

Baidu Group-SW (09888): Xu Baoqiang, general manager of Baidu's self-driving technology department, said on May 15 that Baidu would consider possible cooperation opportunities for the Robotaxi (shared taxi) to be launched by Tesla, based on Tesla's specific application model and the pace of entering the Chinese market.

Zhixing Automotive Technology (01274): Zhixing Automotive Technology is a Chinese self-driving solution provider specializing in autopilot domain controllers. The company has commercialized L2 to L2 + self-driving solutions (L2 + is not the official category under the SAE (1) standard) and is developing L2 to L4 self-driving solutions for vehicle manufacturers (OEM). According to public information, the company has obtained fixed point letters related to 16 well-known OEM customers. Such as Geely Motor, Great Wall Motor, Chery Automobile and Dongfeng Motor, they have purchased or are expected to purchase autopilot domain controllers and iFC products from the company.

Nestor (01316): the company and its subsidiaries (collectively referred to as the Group) are mainly engaged in the design and manufacture of steering and power transmission systems, advanced driving assistance systems (ADAS) and automatic driving (AD) and spare parts for automakers and other automotive related companies.

Zhejiang Shibao (01057): Zhejiang Shibao products include steering string, DP-EPS, R-EPS, intelligent steering system, on-line steering system and other products.