Open Source Securities recently pointed out in a research report that in 2024, Baidu's Robo-Taxi made a splash, Tesla's Robotaxi officially debuted, high-level self-driving penetration accelerated, and the sales performance of smart electric vehicles was outstanding. With the rise of autonomous driving, companies at home and abroad are actively deploying, and the transportation revolution is imminent with the arrival of Robotaxi. Looking forward to 2025, the core stage of autonomous driving is the functionality and experience of L4 level Robotaxi. The current technology gap between domestic and foreign industries is within a year, which also means that truly L4 level autonomous driving in China has arrived, and the investment timing has come.