It is expected that by 2030, the penetration rate of smart cars will reach 99.7%.

On February 25, the market fluctuated lower in the afternoon, and the GEM index led the decline. In terms of sectors, Huawei's mobile phones, lithography machines, automobiles, flying cars and other sectors were among the top gainers, while agriculture, film and television, games, liquor and other sectors were among the top decliners. At the close, the Shanghai Composite Index fell 0.8%, the Shenzhen Component Index fell 1.17%, and the ChiNext Index fell 1.13%. In terms of ETFs, Wells Fargo CSI Smart Car Theme ETF (515250) closed up 2.09%, and among the constituent stocks, VeriSilicon (688521. SH) rose 12.24%, Quectel (603236. SH) rose 6.81%, and Beijing Junzheng (300223. SZ) rose 4.7%.

On the news side, on February 25, Tesla announced that it would update its software in batches for Chinese customers. Among them, Autopilot for urban roads (an improvement of the existing NOA automatic navigation assistance function) and the use of Autopilot on traffic-controlled roads (main roads where road users enter and exit through ramp entrances and ramps) and urban roads, which guide vehicles out of ramps and intersections based on navigation routes, identify traffic lights at intersections and perform actions such as going straight, turning left, turning right, and making a U-turn. And automatically make lane change actions according to speed and route. When no navigation route is set, the optimal road is selected according to the actual road conditions.

The Passenger Car Association said on February 24 that the retail sales of passenger cars are expected to reach 23.43 million in 2025, a year-on-year increase of 2%, an increase of 70,000 units from the forecast in January. In addition, Li Auto announced that its first pure electric SUV i8 has entered the countdown stage of mass production, and is expected to be officially unveiled at the Shanghai Auto Show on April 23. As the first model of the Ideal "i" series, the i8 is positioned as a 6-seater medium and large pure electric SUV, focusing on family travel scenarios, and the target user is two-child families.

Dongguan Securities said that the auto market in the first month of 2025 showed a stable start. The continuation of the "two new" policies is expected to promote the growth momentum of the new energy vehicle business. Changan Automobile, BYD and other car companies have played the slogan of "intelligent driving equality", catalyzing the increase in the penetration rate of intelligent driving configuration of economic models of 100,000 yuan and below; Hongmeng Zhixing released six intelligent technologies of independent intelligence and promoted the implementation of L3 autonomous driving functions, which will promote the market increment of intelligent driving parts segmentation and is expected to promote the process of domestic substitution in the industrial chain. DeepSeek accelerates the iterative upgrade of intelligent driving models, improves the capabilities of intelligent driving models, and promotes the implementation of intelligent driving applications.

Guorong Securities said that the intelligent car has become an irreversible trend, thanks to the improvement of the intelligent driving industry chain, the progress of AI and Internet of Vehicles technology, and the strong support of policies, the demand for smart cars will continue to grow. It is expected that by 2030, the penetration rate of smart cars will reach 99.7%.