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The trend of L3 autonomous driving is sweeping across the Global, and 2025 may become a key turning point for commercialization.
①The Stellantis Group recently announced the launch of its STLA AutoDrive 1.0, the first self-driving system developed in-house by the group; ②When announcing the 2024 Earnings Reports, Mercedes-Benz stated that its "map-less" L2++ full-scenario advanced intelligent driving feature, which can adapt to complex urban traffic, will first be deployed in the new CLA in China and the USA.
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After talking to nearly 200 Institutions, JPMorgan stated: The market increasingly believes that BYD is the next Toyota, but there is one ultimate question.
JPMorgan has raised the Target Price for BYD's Hong Kong stocks to 600 HKD. Analysts state that with the production bases in overseas locations like Thailand and Indonesia coming online, 2026 will mark an important turning point for BYD's Global Strategy, with global deliveries expected to exceed 6.5 million vehicles. By 2030, this figure is anticipated to exceed 10 million. In terms of intelligent driving, BYD will be a major manufacturer driving the popularization and penetration of L2+ features in China, and may develop vertically integrated solutions for its intelligent driving products in the future.
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