核心观点公司收购小工匠机器人大部分股权,提升机器人关节部件的正向开发能力,智能一体化关节有望应用于智能充电等场景,进一步推进“汽车+AI+机器人”产业化落地。2024 年公司研发团队扩容及产品价格优化有所增亏,25 年有望迎来经营拐点。公司侧重于性价比智驾,擅长以低算力芯片实现较好智驾表现,显著受益于当前智驾平权趋势,大众价格带车型智驾增配明显。公司的前视一体机、智驾域控等产品有望在奇瑞、吉利、...
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