CITIC Securities: The era of self-driving cars has arrived, commercialization is accelerating.

Guosen Securities research report pointed out that Level 4 autonomous driving is showing positive changes in multiple scenarios: 1) Robotaxi: Benefiting from the expansion of operating areas and vehicle deployment, the top companies' Robotaxi weekly orders have increased to 250,000 orders in early May this year, accelerating commercialization; Tesla plans to start Robotaxi operation in Austin in June this year, potentially leading the industry in technological innovation; 2) Robovan: Top companies are realizing cost reduction and efficiency improvement capabilities in the express delivery industry, accelerating order acquisition and product delivery; 3) Robotruck: The landing scenario with the clearest demand for unmanned vehicles, the efficiency of autonomous driving operations is gradually approaching human efficiency, driving product applications. We believe that under the above trends, various links in the industry chain are expected to accelerate technological research and development and product deployment, and the automotive intelligent industry chain is expected to benefit.