According to the Zhongtai Securities Research Report, China's intelligent driving penetration rate is still rising rapidly, and 2024 is expected to become the year L3+ smart driving will arrive locally. The autonomous driving industry has entered the generalization stage through rapid development. Chips and sensors with high computing power on hardware are continuously iterating and reducing costs, and the implementation of advanced intelligent driving is supported by hardware; continuous iteration of software algorithms, and the trend of integrating software and hardware decoupling and cabin driving has increased the advantages of intelligent driving models, and has gradually become the main consideration factor for users to buy cars. The birth of NOA is like the “iPhone 4 Moment” of the mobile phone industry. As the advanced smart driving function marked by NOA falls below 20W, the industry will also usher in a rapid increase in penetration rate.