According to the latest data released by the Ministry of Industry and Information Technology, from January to July 2025, new passenger car sales equipped with combined driving assistance systems in China reached 7.76 million units, achieving a penetration rate of 62.6%. This represents an increase of 5.7 million units and 40 percentage points compared to the same period in 2021. Combined driving assistance systems have become a highlight of new vehicle models in the market and an important consideration for consumers when making purchases.
Currently, most vehicles sold in the market fall under the L2 category, which is combined driving assistance. These systems can only handle basic driving operation tasks, such as controlling vehicle speed and lane keeping. The so-called "intelligent driving" does not possess "autonomous driving" capabilities, and drivers remain the ultimate responsible party.
The development of intelligent driving has accelerated under China's policy promotion in recent years. 2025 has become a period of intensive policy implementation. In July, the State Council passed the "AI+" action plan, emphasizing the integration of AI with automobiles. In August, eight ministries jointly issued the "Automotive Industry Stable Growth Work Plan," promoting "vehicle-road-cloud integration" application pilots and supporting conditional approval for L3-level autonomous driving access, paving the way for advanced intelligent driving. Meanwhile, the State Administration for Market Regulation issued guidelines to regulate automakers' promotional claims and prevent exaggeration of assisted driving functions.
On September 17, the Ministry of Industry and Information Technology publicly solicited opinions on the mandatory national standard "Safety Requirements for Intelligent Connected Vehicle Combined Driving Assistance Systems" (hereinafter referred to as "the Standard"). The main content involves three dimensions: improving product capability performance, strengthening safety assurance requirements, and standardizing system usage methods.
Changjiang Securities released a research report stating that the national standard for L2-level assisted driving is expected to be established, potentially accelerating the development of the intelligent driving industry. The introduction of this Standard is expected to not only provide strong technical support for regulatory authorities but also guide the intelligent driving industry chain to focus on technological innovation and product quality improvement, thereby accelerating industry development and benefiting the entire industry chain. The firm recommends focusing on: 1) intelligent driving algorithm providers; 2) intelligent driving-related hardware providers; 3) Robotaxi operating platforms.
Guohai Securities maintains a "recommended" rating for the assisted driving industry. Leading manufacturers' assisted driving solutions are gradually improving. Under the trend of accumulating AI capabilities, continuous R&D investment in high-computing-power chips and models remains high. From an operational effectiveness perspective, automakers no longer insist on leading full-stack self-development of assisted driving but instead engage in extensive strategic cooperation to further promote intelligent penetration rates, such as partnerships between automakers and solution providers, and with overseas automakers.
The supply chain structure is emerging, with domestic suppliers of LiDAR, cameras, millimeter-wave radar, domain controllers, and assisted driving chips all further strengthening their industry influence during development and moving toward integrated software-hardware solutions to achieve comprehensive cross-domain capability enhancement.
Related Concept Stocks:
BLACK SESAME (02533): As one of the earliest domestic autonomous driving chip companies committed to promoting "assisted driving democratization," BLACK SESAME is a core beneficiary of L2+ level technology commercialization explosion and L3, L4 level technology scenario breakthroughs. As early as June 2020, BLACK SESAME released the automotive-grade high-performance intelligent driving chips Huashan® A1000 and A1000L, becoming China's first chip capable of supporting L2+ assisted driving.
HORIZONROBOT-W (09660): Huachuang Securities released a research report stating that Horizon's Journey series chips have achieved mass production breakthrough of 10 million units, with the company expecting future 3-5 year HSD mass production targets to reach 10 million units. HSD (Horizon SuperDrive) is an end-to-end urban assisted driving system built by Horizon based on the high-performance Journey 6P (560TOPS), representing a leading integrated software-hardware intelligent driving solution following Huawei. The company has established its European headquarters in Munich, building deep connections with international clients such as Bosch, Continental, and Volkswagen, with potential to lead Chinese intelligent driving solutions globally.
RoboSense (02498): RoboSense's high-channel LiDAR products have taken the lead in achieving mass production and vehicle integration. Recently, both the new-generation super large five-seat intelligent SUV "IM LS6" released by IM Motors and the ultra-luxury SUV "Zeekr 009" released by Zeekr are equipped with RoboSense's 520-line digital LiDAR.
Youjia Innovation (02431): Recently, Youjia Innovation officially launched its unmanned logistics brand "Xiaozhu Unmanned Vehicle" and introduced two debut models T5 and T8, formally entering the unmanned logistics sector. This marks another deployment in the L4-level autonomous driving field following unmanned minibuses (RoboBus), demonstrating continued advancement in high-level autonomous driving commercialization. Starting with pre-installed mass production assisted driving, Youjia Innovation has accumulated over ten years of technology and formed a complete product matrix covering L1 to L4 levels.