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CITIC Securities: City NOA penetration accelerates, industry chain to benefit
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A research report from CITIC Securities, cited by financial data platform Jin10, indicates that the penetration rate of city-level Navigate on Autopilot (NOA) in China's passenger car market reached 20.9% in the first half of 2026, according to data from First Electric Vehicle Network. This is driving high growth in shipments of mid-to-high computing power autonomous driving chips, city NOA software, LiDAR, and intelligent driving domain controllers, with leading companies seeing significant revenue increases. Separately, L4 autonomous driving commercialization is accelerating, with multiple companies realizing economic benefits in benchmark projects and now focusing on expanding light-asset business models and global markets. Looking ahead to the second half of 2026, the report forecasts that all links in the industry chain will further advance technology research and product launches, benefiting the automotive intelligentization supply chain.
Source report
According to a research report from CITIC Securities, citing data from China's First Electric Vehicle Network, the penetration rate of urban Navigation on Autopilot (NOA) in China's passenger vehicle market rose to 20.9% in the first half of 2026.
This growth is driving a surge in shipments across several key segments of the smart driving supply chain, including:
- Mid-to-high computing power intelligent driving chips
- Urban NOA software
- Lidar sensors
- Intelligent driving domain controllers
As a result, leading companies in these areas have reported significant revenue increases.
L4 Autonomous Driving Commercialization Accelerates
On a separate front, the commercialization of L4 autonomous driving is accelerating. Multiple companies have already demonstrated economic benefits in benchmark projects. These firms are now focusing on:
- Advancing asset-light business models for commercialization
- Expanding into global markets
Outlook for H2 2026
Looking ahead to the second half of 2026, CITIC Securities expects that various segments of the supply chain will continue to advance technology research and development, as well as product launches. The broader automotive intelligent supply chain is well-positioned to benefit from these trends.
Source
金十数据Eastern