[CITIC Securities: Advanced Intelligent Driving Accelerates Penetration, Industry Chain Continues to Benefit] A research report from CITIC Securities points out that, according to data from First Electric Vehicle Network, the penetration rate of City NOA (Autonomous Vehicle Address System) in the domestic passenger vehicle market reached 20.9% in the first half of 2026. This is driving high growth in shipments of products such as high-performance intelligent driving chips, city NOA software, LiDAR, and intelligent driving domain control, resulting in significant revenue growth for leading companies. On the other hand, the commercialization of L4 autonomous driving is accelerating, with many companies already realizing economic benefits in benchmark projects and focusing on promoting the commercialization of asset-light models and global market expansion. Looking ahead to the second half of 2026, all segments of the industry chain are expected to further advance technology research and development and product launches, and the automotive intelligentization industry chain is poised to benefit.
