As reported by the Zhitong Financial App, in order to allow 'smart cars to run on intelligent roads', local governments spare no effort. On July 17th, the 'Vehicle-Road Cloud Integration' application demonstration project of Zhangzhou Intelligent Network was approved by the Fujian Development and Reform Commission for record-filing. On the same day, Changchun City, which was shortlisted as a pilot city for the 'Vehicle-Road Cloud Integration' application of national intelligent networked cars, announced that it had launched the construction of the 'vehicle-road cloud integration' and planned to invest a total of 12.7 billion yuan over the next three years to comprehensively develop typical demonstration application scenarios such as transportation hubs, city roads, expressways, and highways.

According to the data, 'Vehicle-Road Cloud Integration' integrates the physical layer, information layer, and application layer of people, cars, roads, and clouds through the use of new generation of information and communication technologies, and achieves the safe, energy-saving, comfortable, and efficient operation of the transportation system based on system collaborative perception, decision-making, and control. Its development path is a key driving force for promoting the large-scale industrial application of smart networked cars.

According to the 'Incremental Value Forecast of Intelligent Networked Cars in the Vehicle-Road Cloud Integration' report (hereinafter referred to as the 'incremental value forecast' report) released by institutions such as the Chinese Association of Automobile Engineers, under the neutral expectation scenario, the incremental value of the intelligent networked car industry in the 'Vehicle-Road Cloud Integration' is expected to reach 729.5 billion yuan and 2,582.5 billion yuan in 2025 and 2030 respectively, with an average annual compound growth rate of 28.8%. The development of the industry will actively promote China's economic growth.

To support the development of the related industries under 'Vehicle-Road Cloud Integration', policy has been consistently strengthened this year.

On July 3rd, the Ministry of Industry and Information Technology, the Ministry of Public Security, the Ministry of Natural Resources, the Ministry of Housing and Urban-Rural Development, and the Ministry of Transport announced the list of pilot cities for the intelligent networked car 'Vehicle-Road Cloud Integration' application, including Beijing, Shanghai, Shenzhen, Guangzhou, Wuhan, Chongqing, Nanjing, Suzhou, Chengdu, and the joint team of Hangzhou-Tongxiang-Deqing.

According to incomplete statistics, several cities such as Beijing, Wuhan, and Ordos have launched tenders for relevant projects. In May, Beijing announced a nearly 10 billion yuan 'vehicle-road cloud integration' new infrastructure project plan; In June, Wuhan's 17 billion yuan 'vehicle-road cloud integration' major demonstration project was approved by relevant departments for filing; also in June, the 105 million yuan new energy intelligent networked vehicle 'vehicle-road cloud integration' application demonstration project of Ordos was successful. In addition, many cities such as Fuzhou, Hangzhou, and Shenyang have also launched tenders for relevant projects, allowing 'Vehicle-Road Cloud Integration' to enter a new stage of large-scale demonstration applications from the small-scale testing and verification stage.

Under policy guidance, many enterprises have actively responded and launched practices and technological innovations in the field of 'Vehicle-Road Cloud Integration'. As a leader in the industry, Mushroom Car联 has independently developed an 'Vehicle-Road Cloud Integration' autonomous driving system, applying advanced technologies such as integrated perception, decision-making and control, high-precision maps, high-precision positioning, AI, simulation system, cloud-edge computing, and real-time big data to meet the needs of different scenarios and vehicle models. Mushroom Car联's system has been implemented in multiple cities, including public transportation and park shuttle bus services, demonstrating strong technological capabilities and commercial implementation capabilities.

In addition, technology giants such as Baidu and Huawei have also actively laid out in the 'Vehicle-Road Cloud Integration' field. Baidu aims to promote the landing of smart transportation projects with the route of 'smart bike intelligence + networked car empowerment'; Huawei is more focused on building a smart transportation system and has implemented it in multiple cities. The active participation of these companies has provided powerful support for the rapid development of 'Vehicle-Road Cloud Integration' technology.

Citic Securities pointed out that as the regulations for the autonomous driving industry are gradually improved at the national and local levels, all aspects of the industrial chain are expected to accelerate technology research and development and product launch, thus benefiting the automobile intelligentization industrial chain. Recommended: 1) Head supplier of the roadside equipment and cloud control platform; 2) Head component supplier of intelligent driving; 3) The leading automaker in the development of intelligent driving.

Orient Securities pointed out that the construction project of "vehicle-road cloud integration" not only can promote the commercialization process of autonomous driving, but also empower various aspects such as smart transportation and safety travel. It has become a direction supported by the Chinese government and a key development direction. The early construction and long-term operation of vehicle-road cloud integration involves a wide range, and many smart transportation-related companies related to road, vehicle, cloud, and road intelligence operation are expected to benefit.

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