According to the CITIC Securities Research Report, according to data from the First Electric Vehicle Network, the penetration rate of urban NOA in the domestic passenger car market increased to 20.9% in the first half of 2026, which is driving a high increase in shipments of products such as CUHK smart driving chips, urban NOA software, lidar, and smart driving domain control, and a significant increase in revenue related to leading companies. On the other hand, the commercialization of L4 autonomous driving is accelerating, and many companies have realized economic benefits in benchmark projects and are working to promote the commercialization of asset-light models and global market expansion. Looking ahead to the second half of 2026, all links in the industrial chain are expected to further promote technology research and product launch, and the intelligent automotive industry chain is expected to benefit.

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