According to statistics, in 2021, the market penetration rate of L2 passenger cars exceeded 23%. In the next 3-5 years, the penetration rate of ADAS functions in the Chinese market is expected to continue to increase rapidly. Traditional and new car manufacturers are following a path that starts with the introduction of ADAS level functions and gradually evolves towards L3 and above autonomous driving. Meanwhile, internet technology giants and autonomous driving companies are focusing directly on the research and development of L3 and above autonomous driving systems. It is expected that by 2025, the penetration rate of ADAS functions in Chinese passenger cars will exceed 70%.
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