Changes in Hong Kong stocks | Some smart driving concept stocks opened higher, and the first batch of L3 autonomous driving models were approved to enter the inflection point of the industry, and the inflection point of the industry is expected to arrive at an accelerated pace

Zhitong Finance App learned that some smart driving concept stocks opened higher. As of press release, Zhejiang Shibao (01057) rose 7.94% to HK$4.35; Nexteer (01316) rose 3.64% to HK$6.26; Youjiao Innovation (02431) rose 2.99% to HK$10.32; Hesai-W (02525) rose 2.9% to HK$163.2; Black Sesame Smart (02533) rose 2.38% to HK$20.2.

According to the news, the Ministry of Industry and Information Technology officially announced the entry permit list for the first batch of L3 class conditional autonomous driving models in China on December 15. Changan Automobile and BAIC Jihu became one of the first shortlisted car companies. The approved models will launch road tests on designated congested road sections in Chongqing and designated expressway sections in Beijing, respectively. This means that advanced smart driving is no longer limited to technical demonstrations, but has entered a new phase of delivery, operation, and supervision in accordance with regulations. It is worth mentioning that overseas, the Tesla model YroboTaxi running Unsupervised FSD appeared on the streets of Austin in the US.

Haitong International believes that with the continuous volume verification of Tesla Robotaxi and the institutionalization of L3 models in China, the inflection point of the advanced autonomous driving industry is arriving at an accelerated pace and will profoundly affect the vehicle valuation system and competitive pattern. Ping An Securities pointed out that the technical principles of L3 level conditional autonomous driving are inseparable from mature and reliable driving environment sensing capabilities, so it is necessary to be equipped with various sensors, such as cameras, millimeter-wave radar, lidar, etc., to achieve accurate environmental sensing capabilities such as extreme weather and complex road conditions under multi-sensor fusion mode.