As the global demand for sustainable transportation continues to increase, the new energy vehicle (NEV) industry is ushering in a
technological revolution. The rapid iteration of intelligent driving technology has become an important driving force for this change. Recently, the Smart Car ETF (159889) has risen by more than 1.4%. Institutional analysts believe that the continuous advancement of intelligent driving technology is brewing new market opportunities.
Breakthrough in L4 autonomous driving
On June 23, 2025, CCTV News reported on a new generation of intelligent driving system released by a leading domestic automaker. Through multi-sensor fusion and AI algorithm optimization, the system has achieved L4 autonomous driving function testing in urban road scenarios. The launch of this technology marks that intelligent driving technology has moved to a higher level, and it can drive autonomously in complex urban environments, greatly improving driving safety and convenience.
CITIC Securities pointed out that the L4 autonomous driving industry has been catalyzed recently. Tesla launched the FSD (full autonomous driving) Robotaxi trial operation service in the United States on June 22, further promoting the commercialization of intelligent driving technology. This move by Tesla not only demonstrated its technical strength in the field of autonomous driving, but also provided a model for other car companies to learn from.
In addition to Tesla, many domestic and foreign automakers are also constantly innovating in intelligent driving technology. For example, the NIO Pilot system launched by NIO combines high-precision maps and multi-sensor fusion technology to achieve autonomous driving on highways and urban roads. NIO is also constantly optimizing its algorithms to improve the system’s response speed and safety.
In addition, the Apollo autonomous driving platform jointly developed by Baidu and Geely has been tested in multiple cities, covering L4 level autonomous driving functions. Through its open ecosystem, the platform has attracted many partners to jointly promote the advancement of intelligent driving technology.
In the international market, Waymo, as a pioneer in the field of autonomous driving, has launched driverless taxi services in many cities in the United States. The maturity and safety of its technology have been widely recognized by the market and have become a benchmark in the industry.
Industry Prospects and Market Opportunities
As intelligent driving technology continues to mature, the entire new energy vehicle industry is also undergoing profound changes. CITIC Securities believes that the robotics sector (technological growth) and the new vehicle cycle are still the main investment lines of the automotive sector. New vehicles, domestic demand and exports constitute a structural increase with a strong certainty.
Although the market sentiment was affected by the off-season promotions of the OEMs in the early stage, the terminal orders have recovered recently, and the industry still has room for expected recovery. In terms of passenger cars, although the terminal sales data in the off-season was flat, the orders of car companies rebounded after the promotion, and the market resilience of high-end luxury brands was highlighted. In the field of commercial vehicles, the wholesale sales of heavy trucks in May increased by 14% year-on-year. The implementation of the subsidy policy boosted domestic demand. Combined with the stable exports, the industry’s prosperity is expected to continue to rise.
Smart Car ETF Performance
Smart Car ETF tracks the CS Smart Car Index, which is compiled by China Securities Index Co., Ltd. and selects listed securities in the fields of smart driving and Internet of Vehicles from the Shanghai and Shenzhen markets as index samples to reflect the overall performance of listed securities related to China’s smart car industry. The index has high technological content and growth characteristics, focusing on the cutting-edge development of the smart car industry.
With the continuous iteration of intelligent driving technology, the market demand for smart cars will continue to grow. Investors’ attention to smart car ETFs is also increasing, reflecting the market’s confidence in this field.
The continuous innovation of new energy vehicle technology, especially the breakthrough in the field of intelligent driving, is reshaping the entire automotive industry. With the active layout and technology research and development of major automakers, the future travel mode will be more intelligent, safe and efficient. The popularization of smart cars will not only change people’s travel mode, but also inject new vitality into economic development. We have reason to believe that the new era of intelligent driving has arrived and the future will be even better.
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Post time: Jul-01-2025