Market competition and industry structure

Globally, car companies and technology companies are increasingly competing in the fields of smart driving and smart cockpits. Domestic traditional independent brands such as BYD, Geely, and Great Wall have occupied an important share of the market by continuously launching L2 and L3 smart driving models. These companies are continuously promoting the mass production of autonomous driving systems through technological accumulation and integration. Emerging car companies such as Weilai, Xiaopeng, and Ideal have gradually established a leading image in the market by introducing more advanced autonomous driving functions, such as L2.9 City NOA (Pilot Autonomous Driving).