中信建投:基于智驾大行业拐点 产业链细分赛道robotaxi、智驾芯片、激光雷达均有望充分受益

智通财经
13 hours ago
【中信建投:基于智驾大行业拐点 产业链细分赛道robotaxi、智驾芯片、激光雷达均有望充分受益】中信建投指出,2026年是中国智能驾驶从“功能竞赛”转向“制度化商业落地”的关键分水岭。2024—2025年智驾行业主要围绕L2+高阶辅助驾驶的快速渗透、NOA能力下沉与整车厂智驾平权竞争为核心,2026年,产业坐标已明显切换至三条主线并行:L2进入强监管周期,行业由“拼体验”转向“拼合规、拼安全、拼体系”;L3从试点走向有限商业化,责任边界、准入机制和标准体系开始形成;L4/Robotaxi在中美共振下迈入规模化验证阶段,商业化判断标准从“能否跑起来”转向“能否低成本复制、能否跑通单车经济模型”。基于智驾大行业拐点,产业链细分赛道robotaxi、智驾芯片、激光雷达均有望充分受益。

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