Zhitong Finance APP learned that according to the "China Autonomous Driving Passenger Car Market Data Tracking Report" in the first quarter of 2022, the output data of major car manufacturers, the penetration rate of new cars in the passenger car market of domestic L2 level autonomous driving is as high as 23.2%. Among them, the market penetration rate of new energy vehicles is higher, reaching 35.0%, which is much higher than the penetration rate of 19.9% of the gasoline vehicle market. IDC believes that with the rapid growth of the new energy vehicle market size, the penetration rate of L2 level autonomous driving will further climb. Gasoline vehicles account for 67.2% of the L2 level autonomous driving market, and the head brands include Toyota, Honda, and Nissan. New energy vehicles accounted for 32.8%, of which new energy models with traditional car enterprise background accounted for 10.9%, head brands included BYD (01211), GAC Eian, and Volkswagen; new energy vehicles under the new car-making forces accounted for 21.9%, and head brands included Tesla (TSLA. US), Ideal (LI.US), Xiaopeng (XPEV. US), NIO. US)。
IDC said the development of autonomous driving technology has been incorporated into the national strategy. The development of autonomous driving in the domestic passenger car market is in the L2 stage, although a large number of models have already exceeded the basic requirements of the L2 level in the realization of functions, and some models have been equipped with hardware configurations that can support L3 level automatic driving, but the restrictions of regulations have not yet completely liberalized higher levels of automatic driving. Competition in autonomous driving in the passenger car market is still centered around L2 level.
Wang Bo, research manager in the field of intelligent vehicles in China at IDC, pointed out that China's autonomous driving technology is developing well, and technology companies give full play to their technical advantages and actively cooperate with many auto manufacturers. At the same time, car companies also tend to recruit multiple technology suppliers from the perspective of supply chain security. Future market competition requires standardized, modular, and open autonomous driving solutions. Automakers also need to use digital means to optimize product lifecycle management to cope with the dynamic competition in the future market.