① As weak demand and price competition put pressure on the company's sales and profits, Tesla announced that it will offer a one-month free trial of fully automated driving (FSD) to US customers. ② Minsheng Securities believes that the era of “standard smart driving” has arrived, and leading car companies that can identify differentiated selling points and lead intelligent driving technology will differentiate themselves in 23Q4-25.
As weak demand and price competition put pressure on the company's sales and profits, Tesla announced that it will offer a one-month free trial of fully automated driving (FSD) to US customers. Musk said that all American Tesla cars with FSD capabilities can begin a one-month trial this week. In addition, he also requires employees to install and show customers how to use the company's advanced driver assistance system FSD before completing vehicle delivery.
Minsheng Securities believes that intelligent driving groups are competing, and mass production is being implemented at an accelerated pace. On the supply side, Huawei and Xiaopeng Wutu City NOA will be launched on a large scale across the country by the end of the year. Tesla will release the FSD V12 end-to-end version, Nvidia's autonomous driving team in China has expanded, Changan and Huawei have signed an investment cooperation memorandum. Other car companies have also taken intelligent driving as a core driving point to accelerate the construction of smart driving capabilities through self-research or seeking cooperation from third parties; the demand side, benefiting from technological progress and expanding urban application scenarios. The optional ratio of Xiaopeng G6 and M7 smart driving versions is gradually becoming an important influencing factor in car purchases. The era of “standard smart driving” has arrived. Leading car companies that can identify differentiated selling points and are leading in intelligent driving technology will differentiate themselves in 23Q4-25.
According to the Finance Federation's theme library, among the relevant listed companies:
YingtaiST, a subsidiary of Xingmin Zhitong, is a leading supplier of T-BOX in China, a participant in the drafting of electric vehicle process information monitoring standards. It is the leader of T-BOX for new energy vehicles, and has a market share of nearly 40% for new energy vehicles.
Suzhou Wanji Vehicle Network Technology Co., Ltd., a wholly-owned subsidiary of Wanji Technology, has obvious technical advantages in various aspects such as high-precision sensing algorithm capabilities at holographic intersections, large-scale data analysis and extraction capabilities, vehicle-road collaboration scenario customization capabilities, and vehicle-road cloud closed-loop capabilities.