[CITIC Securities: High-end intelligent driving accelerates penetration and the industry chain continues to benefit] September 25th, CITIC Securities research report pointed out that according to the first electric vehicle network data, the penetration rate of urban NOA in the domestic passenger car market has increased to 20.9% in the first half of 2026, which is driving the shipments of Zhongda Intelligent Driving chips, urban NOA software, lidar, intelligent driving domain control and other products to increase significantly, and the related income of leading companies has increased significantly. On the other hand, the commercialization of L4 autonomous driving is accelerating, and many companies have realized economic benefits in benchmark projects and are committed to promoting the commercialization of light asset models and global market expansion. Looking forward to the second half of 2026, all links in the industry chain are expected to further promote technology research and development and product launch, and the automotive intelligent industry chain is expected to benefit.