On November 8, at the 2024 China Autos Software Conference hosted by China Automotive Industry Association, the CAAM officially released the 'Auto Privacy Protection' logo, with Tesla being among the first batch of car companies to pass the evaluation and obtain the logo authorization.

Guolian Securities believes that the current Tesla FSD is accelerating iteration, FSD V13 is expected to integrate more functions, and plans to start a large-scale push at the end of November, which may significantly improve user experience. Tesla's new factories may continue to progress, and the related industry chain demand will increase.

Four departments are orderly conducting intelligent connected vehicle access and on-road trial operations. According to the latest announcement from the Ministry of Industry and Information Technology, the four departments organized experts to conduct preliminary review and selective evaluation of the first batch of concentrated applications, and identified 9 consortia to enter the trial.

Among the 9 car manufacturing companies, 7 have passenger vehicle category in the trial, including BYD (01211), Changan Automobile, Guangqi (02238) Passenger Vehicle, SAIC Group, BAIC BluePark, FAW Group, and the only new energy vehicle company NIO-SW (09866).

Recently, the Ministry of Industry and Information Technology stated that it will steadily promote the industrialization of autonomous driving technology. According to iMedia Research, the CAGR growth rate of the self-driving car industry from 2020 to 2025 is estimated to reach 27%.

Related enterprises in the autonomous driving industry chain:

Horizon Robotics -W(09660): According to the data from the Horizon Robotics High Intelligence Automobile Research Institute, in the first half of this year, Horizon Robotics ranked first in the Chinese market for independently branded passenger vehicles with intelligent driving solutions, with a market share of 28.65%; In the market for front-view integrated camera calculation solutions (L2ADAS), Horizon Robotics is ranked first with a market share of 33.73%. Caitong Securities pointed out that Horizon Robotics' revenue composition is mainly focused on automotive solutions, with over 270 models designated by the end of the first half of the year.

Nanfang Black Sesame Intelligence (02533): In the first half of 2024, benefiting from the gradual increase in mass-produced models, NoA (Navigation on Autopilot) has begun mass production in some models and cities, with chips, algorithms, software, and toolchains becoming increasingly mature. The group has made significant progress in the field of autonomous driving and smart automobile solutions. In the first half of 2024, overall revenue increased by 69.2% compared to the same period last year. At the same time, there has been a significant breakthrough in in-hand orders, with the commercialization process accelerating, and the core advantages in the autonomous driving chip field are becoming increasingly prominent.

Siasun Robot & Automation (02498): In the first half of this year, Siasun Robot & Automation sold approximately 0.2434 million units of lidar, a year-on-year increase of 415.7%. Among them, the sales of onboard lidar were approximately 0.2345 million units, a year-on-year increase of 487.7%. In the second quarter of 2024, the sales of lidar by Siasun Robot & Automation were approximately 0.123 million units, with onboard lidar sales of about 0.1183 million units. As of June 30, 2024, the historical total sales of lidar by Siasun Robot & Automation were approximately 0.5835 million units, with cumulative sales of onboard lidar reaching about 0.5183 million units.

Guangzhou Automobile Group (02238): In May 2021, Guangzhou Automobile Group made a strategic investment of over 0.3 billion US dollars in Didi's self-driving division, valuing the latter at over 4 billion US dollars; In October 2023, Guangqi Capital and Guangzhou Development District Investment Group increased their investment, completing a financing of 0.149 billion US dollars. This time, Guangzhou Automobile Group once again bet on 0.298 billion US dollars, and by 2024, the cumulative capital injection from Guangzhou's capital sector to Didi's self-driving division will reach nearly 0.8 billion US dollars.