2026年智駕平權之車企智駕方案梳理

東吳證券

03/04

當前時點智能汽車板塊投資建議：繼續堅定看好2026年L4 RoboX主線！B端軟件標的>C端硬件標的。H股優選【小鵬汽車+地平線機器人+小馬智行/文遠知行+曹操/黑芝麻智能】；A股優選【千里科技+德賽西威+經緯恒潤】下游應用維度相關標的：#Robotaxi視角：1）一體化模式：特斯拉/小鵬汽車；2）技術提供商+運營分成模式：地平線/百度/小馬智行/文遠知行/千里科技等；3）網約車/出租車的轉型：...

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