[Opportunity Discovery]The first ICV regulation in China is promulgated, and the penetration rate of ICVs may accelerate._Securities Times

On July 5, the first domestic regulation on the management of intelligent and connected vehicles, “Shenzhen Special Economic Zone on the Administration of Intelligent and Connected Vehicles,” was officially released. It will take effect on August 1, 2022. At that time, unmanned vehicles can be registered on the road. , Unmanned driving can drive in the areas and road sections demarcated by the traffic management department of the Shenzhen Public Security Bureau.

Guotai Junan believes that the second half of 2022 to 2023 will be the period when the quasi-L3 autonomous driving function will be implemented on a large scale. Judging from the new car plans or OTA upgrade plans of major OEMs, from the second half of 2022 to 2023, all manufacturers will strive for quasi-L3-level driving functions such as high-speed piloting and urban piloting. Among them, the piloting auxiliary function in urban scenarios is Difficulties, some leading manufacturers that have already achieved the landing in advance will strive to achieve quasi-L3-level autonomous driving that integrates high-speed, urban and parking scenarios.

Galaxy Securities pointed out that Shenzhen took the lead in breaking the ice, and the legal blank of intelligent networked vehicles is expected to make a breakthrough and bring about a demonstration effect. The domestic autonomous driving industry will usher in a leap from L2+ to L3-4. The increase in the penetration rate of L3+ autonomous driving will drive the overall technological upgrade of the industry chain and increase the demand for parts and components. Autonomous driving technology, C-V2X, high-precision maps, policies and regulations are the four driving factors for the development of the intelligent networked vehicle industry. With the expected implementation of L3 related regulations, the penetration rate of intelligent networked vehicles will accelerate, and the upstream and downstream of the industry chain will fully benefit from the demand expansion brought about by technology upgrades. Continue to recommend Thundersoft, Desay SV, NavInfo, and pay attention to Arcsoft Technology, Qianfang Technology, Wanji Technology, Hongquan IOT and Daotong Technology in the long-term.