Zhiji won the L3 test license first to show the investment value, and Zhiji LS6 topped the list

Intelligence is an inevitable trend in the development of new energy vehicles, and autonomous driving technology is one of the important directions of intelligence. According to the latest data, Zhiji LS6, as a new energy vehicle with high-end intelligent driving as standard in the whole series, sold 2,122 units in a single week from December 18th to December 24th, and won the "medium and large pure electric SUV" segment sales crown for 7 consecutive weeks, and won the "all-category pure electric vehicle above 200,000 yuan" Chinese brand sales crown for 3 consecutive weeks.

This sales achievement not only demonstrates market competitiveness, but also highlights consumers’ recognition and demand for intelligent and autonomous driving technology. With the rapid growth of sales, Zhiji Automobile’s intelligent driving technology research and development and functional implementation have also entered the "fast lane". After the four ministries jointly issued the "Notice on Launching the Pilot Work of Intelligent Connected Vehicles Access and Road Access" on November 17, Zhiji Automobile became one of the first enterprises to conduct the access pilot, which further promoted the development of intelligent driving technology. At the same time, Zhiji Automobile also obtained the high-speed road autonomous driving test license in Shanghai, becoming one of the first Chinese brands to obtain the L3 level autonomous driving test license. At present, Zhiji Automobile is applying for the MIIT L3 announcement access pilot, and is expected to be the first models to enter the L3 level autonomous driving access pilot. The grading standard of autonomous driving technology divides L0-L5 into six levels. Generally speaking, L0-L2 level is an automatic driving assistance system, and the driver is still the driving main body; while from L3 level, the driving protagonist is converted from driver operation to vehicle autonomous driving. Therefore, L3 level has become an important watershed for the application of autonomous driving technology. The realization of L3 level is an important milestone for the autonomous driving technology to move forward. Zhiji Automobile, as one of the first Chinese brands to obtain the L3 road test license, has demonstrated its leading position in autonomous driving technology.

Taking the Zhiji LS6 as an example, the model has already realized the landing of L3-level autonomous driving functions. On December 12, 2021, the IMAD high-speed NOA was officially rolled out across the country, covering high-speed sections in 333 cities across the country, and covering elevated sections in 59 cities; while the high-speed elevated NOA is applicable to a total of 389,000 kilometers of roads. In addition, the IMAD city NOA will also start the user public test in Shanghai as scheduled, and launch the first version of the urban commuter mode in 2024. In 2024, the commuter mode will cover 100 cities across the country. Zhiji’s rapid development in autonomous driving technology has made it a pioneer in the industry. The reason why Zhiji Automobile can achieve such outstanding results in autonomous driving technology is inseparable from its rapid technological evolution ability and continuous rapid iteration of software algorithm models. In terms of software architecture, Zhiji is the only self-developed enterprise compatible with the Xavier/Orin intelligent driving computing platform, which makes its architecture adaptability more efficient, reducing computing power requirements by 90%, and improving model operation efficiency by 500%. In addition, algorithms are also the core elements that determine autonomous driving capabilities. Zhiji Automobile has achieved mass production of BEV and Transformer, and plans to apply the DDOD technology solution based on Occupancy Occupancy Network to urban NOA next year. Zhiji Automobile’s efforts in technology research and development have provided a first-mover advantage for its competition in the field of autonomous driving.

The development momentum of the intelligent networked car market is unstoppable. Consumers’ awareness of assisted intelligent driving functions continues to increase, and the government is also increasing its support for the integrated development of vehicle road clouds. Industry sectors related to intelligent networked cars include automotive parts such as chip sensors, and the future growth space of these sectors is optimistic. According to the forecast of Guosen Securities, by 2025, the penetration rate of autonomous vehicles with urban auxiliary driving functions will increase from the current 0.4% to 6%. The domestic autonomous driving market with urban auxiliary driving functions is expected to reach 51 billion yuan. With the progress of technology, the market size will continue to increase. From the perspective of industry trends, L3-level autonomous driving technology is gradually approaching us, which will bring about changes in the pattern of car companies. With its leading technological advantages, Zhiji Automobile has taken the lead in entering the autonomous driving market and established a first-mover advantage. Huachuang Securities evaluates that Zhiji LS6 is expected to become a key breakthrough point for SAIC’s electric intelligent development. Under the leadership of Zhiji, SAIC Motor Group will continue to climb to the peak of high-quality development in the autonomous driving industry, and the long-term investment value will gradually become apparent. Therefore, it is recommended to continue to pay attention to the development of Zhiji Automobile.