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Summary of Emerging Growth Industry Weekly Report

• Introduction: This report highlights key developments in the intelligent driving industry, focusing on advancements in laser radar technology from events like the 2024 Beijing Auto Show, market performance, and investment opportunities. The analysis is based on emerging growth trends, with an emphasis on companies such as Haystack and RoboSense.

• Key Highlights from Investment Points:

  • At the 2024 Beijing Auto Show, Haystack demonstrated its ADAS laser radar AT128, with over 300,000 cumulative deliveries and collaborations with multiple brands like Li Xiang and XPeng.
  • RoboSense showcased flagship products like the MX laser radar, securing over 37 vehicle models and a cumulative sales milestone exceeding 400,000 units.
  • Both companies are expanding their global partnerships in autonomous driving, with applications in L2+ and L4 autonomous systems.

• Market and Sector Overview:

  • Latest market data shows A-share indices like Shenhua and SSE 50 experiencing significant volatility in May 2024, with strong performance in agri-related and defense sectors, while tech-focused areas lagged.
  • Key gains were driven by companies like Meimang Bio with massive percentage increases, reflecting broader market enthusiasm for emerging industries.

• Hot News and Trends:

  • Notable events include Tesla's adoption of LiDAR from Luminar, U.S. policy changes easing EV tax incentives, and auto sales forecasts from China and other regions.
  • Other innovations involve advancements in automotive chips, battery management, and collaborations for traffic safety and VRU protection.

• Recommended Focus Areas and Stocks:

  • Recommended stocks include GU Guang Hua Xin, Yong Xin Guang Hua, and others in the intelligent automotive supply chain.
  • Emphasis is on intelligent automotive industry play, with risk factors acknowledged.

• Risks Involved:

  • Potential risks include slower-than-expected auto market growth, supply chain disruptions, and increased competition in the sector, which could impact company performance and overall industry dynamics.