Shanghai Securities: Policies, Exports, and Intelligent Collaborative Resonance Robots Reshape Industry Growth Logic

The Zhitong Finance App learned that Shanghai Securities released a research report saying that the intelligent driving market has huge potential, and it is estimated that the size of China's autonomous driving market will approach 450 billion yuan in 2025. Since 2025, the boarding price of intelligent assisted driving solutions has continued to drop. Domestic substitution brings new opportunities. In 2025, China Auto Zero domestic replacement ushered in full acceleration. With the improvement of comprehensive competitiveness, the domestic parts support system is gradually being integrated with the world, and the domestic parts industry will maintain a good exhibition trend. Robots will become the next 10 trillion dollar industry. Intelligent connected new energy vehicles and humanoid robots have the same industrial chain synergy advantages.

According to the report, the cumulative sales volume of new energy vehicles from January to October 2025 was 129.11 million units, +32.42% year-on-year, and the penetration rate of new energy reached 46.70%. From January to October 2025, the growth rate of new energy exports reached +87.57%, higher than the domestic demand growth rate of +25.71%. Among passenger cars, the share of independent brands increased steadily, accounting for only 38.43% in 2022, and the cumulative share increased to 69.48% from January to October 2025.

The bank said that short-term fluctuations in automobile exports will not change the general trend of going overseas in the long term. The cumulative export growth rate slowed from January to October 2025, mainly due to multiple factors such as an increase in the export base, increased trade barriers, a slowdown in the transformation of the automobile industry in other markets, and turbulence in the global situation. Autonomous vehicle companies “go overseas” through different methods of technology, thereby avoiding/reducing the impact of various barriers on “going overseas.”