Titanium media stocks have long known that humanoid robots will open the ceiling of industry demand, and the upstream supply and demand structure is still tight

Must-read news 1: The number of M9 bookings in the world exceeds 20,000 units, or it is expected to build another explosion model.

According to the industry media reports, AITO Jiejie Automobile released a poster announcing that the booking order of Jiejie M9 model has exceeded 20,000 units. The car was jointly designed by Huawei and Cyrus and will be officially launched in December.

The M9 has been warmly expected by consumers before it went public, and will be released as scheduled in December. Guosheng Securities believes that the blind subscription data of the M9 this time exceeded expectations, which may be due to the fact that the sales volume of the new version of M7 continued to exceed expectations, which aroused the interest of the market. The pre-sale price range of the M9 is 500,000-600,000 yuan, which is expected to create another explosive model. According to Huawei official website, the M9 will be equipped with Huawei AR-HUD and Huawei ADAS2.0, which is expected to further lead the market technology direction, drive the penetration rate of intelligent driving function in the industry to increase rapidly, and gradually enter the era of "software-defined cars".

Must-read news 2: humanoid robots will open the ceiling of industry demand, and the upstream supply and demand structure is still tight.

The agency pointed out that the price of rare earths has stabilized and the performance has improved. Q3 rare earth plate revenue was +4% month-on-month, and net profit attributable to the mother was+57% month-on-month; The second batch of rare earth indicators have been released. With the improvement of demand, it is expected that the subsequent rare earth prices will mainly fluctuate, and the development of emerging fields such as downstream industrial motors and humanoid robots is expected to drive the demand for NdFeB to continue to grow.

Ping An Securities pointed out that according to the statistics of Baichuan Yingfu, the price of praseodymium neodymium oxide has dropped by nearly 30% since the beginning of the year, which has been at a relatively low level since 2021. Under the strict control policy of the supply side, the supply and demand pattern of rare earths is mainly stable, and there is more room for upward price flexibility. Looking forward to the market outlook, the permeability of high-performance NdFeB permanent magnets at the terminal is expected to continue to increase, while the supply growth rate is narrowed, the supply and demand of rare earths are tight or push the price back. In addition, Debon Securities said that according to Musk’s prediction of 10 billion humanoid robots in the long term, it is predicted that the demand for NdFeB finished products by humanoid robots in the long term will be 20 million tons, and humanoid robots will open the ceiling of NdFeB demand.

Must-read news 3: digital currency Bridge, a multilateral central bank, will be launched next year, which will drive the demand for software and hardware system transformation.

According to media reports, on November 2, Bénédicte Nolens, director of the Hong Kong Center under the Innovation Hub of the Bank for International Settlements, said at the Financial Technology Week that the digital currency mBridge project of the multilateral central bank has entered the simplest and feasible product development stage, and in the coming months, it will study different forms of market connections, as well as some public-private cooperation to improve the liquidity and efficiency of the project, and further enhance anti-money laundering solutions and the application of new technologies such as artificial intelligence. The HKMA predicts that the simplest and most feasible product of mBridge will be launched next year, and it will be ready for the system to finally be put into operation.

Not only the international digital currency is constantly advancing, but the domestic digital currency pilot has moved from the preparatory stage to the promotion stage with more perfect mechanism construction and deeper application scenarios. Ping An Securities pointed out that with the increase of digital RMB user base and the deepening of application scenarios, it will lead to the demand for software and hardware system transformation, and it is also expected to break the monopoly of third-party payment in China and build a new payment pattern. All participants in the payment industry chain (commercial banks, third-party payment institutions and related manufacturers) should actively embrace the opportunity of digital currency promotion.

Must-read news 4: the loading rate is approaching 30%! The battle of intelligent network connection from "partial discipline" to "all-round" started.

From the early intelligent cockpit (Zebra, BYD DiLink) to the later intelligent driving (Ideal, NOA in Tucki), and then to the wave of integration of central computing and cabin driving this year, automobile intelligence is moving from a partial discipline to a global intelligence. According to the exclusive data released by the Institute of Intelligent Automobile of Hi-Tech, from January to September, 2023, 4,162,900 new cars were delivered with intelligent cockpit+car networking +OTA+ intelligent assisted driving (L2 as the baseline) as standard in China market, with a year-on-year increase of 67.64%, and the front-loading rate rose to 28.09%.

Since the beginning of this year, there have been frequent policies to promote intelligent networked vehicles. Shanghai, Shenzhen, Suzhou and other places have rapidly promoted the construction of intelligent networked vehicle test demonstration roads and smart highways that support vehicle-road coordination. On July 26th, the Ministry of Industry and Information Technology and the National Standardization Administration Committee jointly issued the "Guidelines for the Construction of National Vehicle Networking Industry Standard System (Intelligent Networked Vehicle) (2023 Edition)", proposing that by 2025, the system will form an intelligent networked vehicle standard system that can support the general functions of combined driving assistance and automatic driving. Great Wall Guorui Securities pointed out that the current automobile industry is undergoing the most profound changes in the past 100 years. Electrification is only the prelude, and intelligence and networking are considered as the focus of future competition. Under the resonance of policy, market and technology, it is expected that the domestic V2X industrial chain will face the golden 10-year strategic opportunity period.

Taixiaogu titanium media finance research institute

2023.11.6

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