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中信建投:2025年是智駕實現從1到10跨越式發展的關鍵節點

中信建投指出,2025年是智駕實現從1到10跨越式發展的關鍵節點,前期特斯拉FSD、華為ADS、小鵬、理想等先行者已打通高階智駕技術路徑,隨着滲透率逐步提升,比亞迪等巨頭正式入局智能化,智能化規模效應開始顯現,25年強勢自主品牌有望通過成熟電動化+低成本智能化的降維打擊,實現對合資份額的進一步替代。從AI應用來看,特斯拉財報會強調了FSD和機器人,後續AI應用端側能夠有突破的就是自動駕駛和機器人,來自汽車產業鏈的超大規模工業優勢,有利於板塊實現戴維斯雙擊。

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