CITIC Securities cites FirstEV data showing urban NOA penetration in China’s
passenger car market rose to 20.9% in H1 2026. The firm says this is driving
sharp shipment growth for mid-to-high‑compute automated‑driving chips, urban NOA
software, lidar and driving domain controllers, with leading suppliers reporting
sizable revenue increases. Separately, L4 commercialization is accelerating;
several companies have already demonstrated positive economics in flagship
projects and are pushing asset‑light business models and global rollouts. CITIC
expects the automotive intelligentization supply chain to further advance R&D
and product launches in H2 2026, supporting continued sector gains.
