星空芯片加KaKaC_老虎社区_美港股上老虎 - 老虎社区

星空芯片加KaKaClaw OS，这组合要是真成了，那就不是卖硬件了，那是收“生态税”了$地平线机器人-W(09660)$

@投研论股：地平线：车企自研无需过虑，10倍增长空间才刚刚开始

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</a>\n<br></body></html>","text":"星空芯片加KaKaClaw OS，这组合要是真成了，那就不是卖硬件了，那是收“生态税”了$地平线机器人-W(09660)$","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/586287115490584","repostId":585643786834912,"repostType":1,"repost":{"magic":2,"id":585643786834912,"tweetId":"585643786834912","gmtCreate":1784010875919,"gmtModify":1784011855460,"author":{"id":4239778985728222,"idStr":"4239778985728222","authorId":4239778985728222,"authorIdStr":"4239778985728222","name":"投研论股","avatar":"https://static.tigerbbs.com/fbd4d51333cf36f1141391468a438c23","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":5,"starInvestorFlag":false},"themes":[],"images":[{"img":"https://static.tigerbbs.com/2954b255fa2edf1a415d5cdc04ee5e64","width":"1589","height":"555"},{"img":"https://static.tigerbbs.com/01b391f9869566da000ccf415bda0e59","width":"1011","height":"636"},{"img":"https://static.tigerbbs.com/aa3a1e08777e711ebb6f2a068d5b0921","width":"670","height":"658"},{"img":"https://static.tigerbbs.com/adb3c325c4f0e4de6dce853ad75e14a9","width":"675","height":"797"},{"img":"https://static.tigerbbs.com/1123c8319914e73997ed4a013eb72df1","width":"675","height":"511"},{"img":"https://static.tigerbbs.com/efd5affa5a59b563e3d1308249c57f3a","width":"671","height":"777"},{"img":"https://static.tigerbbs.com/122660e932a1be800ab9789c9debbcc2","width":"670","height":"398"},{"img":"https://static.tigerbbs.com/df3cb1056c72e01ec815c435773e256c","width":"669","height":"787"},{"img":"https://static.tigerbbs.com/76f41341bea01aa74ded29606188ce95","width":"671","height":"784"},{"img":"https://static.tigerbbs.com/5de9bacfdd9e0c2498d8d8503d52c239","width":"676","height":"719"}],"coverImages":[{"img":"https://static.tigerbbs.com/2954b255fa2edf1a415d5cdc04ee5e64","width":"1589","height":"555"},{"img":"https://static.tigerbbs.com/01b391f9869566da000ccf415bda0e59","width":"1011","height":"636"},{"img":"https://static.tigerbbs.com/aa3a1e08777e711ebb6f2a068d5b0921","width":"670","height":"658"}],"title":"地平线：车企自研无需过虑，10倍增长空间才刚刚开始","html":"<html><head></head><body><h2></h2>\n<p 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justify;\">2026年推出的“星空”舱驾融合芯片可使单车成本降低1,500-4,000元；2027年量产的下一代计算平台（征程7，对标特斯拉AI5）将形成完整产品矩阵；地瓜机器人的芯片与算法可完全复用智驾积累，为远期增长打开想象空间。</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01b391f9869566da000ccf415bda0e59\" tg-width=\"1011\" tg-height=\"636\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa3a1e08777e711ebb6f2a068d5b0921\" tg-width=\"670\" tg-height=\"658\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/adb3c325c4f0e4de6dce853ad75e14a9\" tg-width=\"675\" tg-height=\"797\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1123c8319914e73997ed4a013eb72df1\" tg-width=\"675\" tg-height=\"511\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/efd5affa5a59b563e3d1308249c57f3a\" tg-width=\"671\" tg-height=\"777\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/122660e932a1be800ab9789c9debbcc2\" tg-width=\"670\" tg-height=\"398\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df3cb1056c72e01ec815c435773e256c\" tg-width=\"669\" tg-height=\"787\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/76f41341bea01aa74ded29606188ce95\" tg-width=\"671\" tg-height=\"784\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5de9bacfdd9e0c2498d8d8503d52c239\" tg-width=\"676\" tg-height=\"719\"></p>\n<p>来源：微信公众号“智能汽车设计’’</p>\n<p><a href=\"https://laohu8.com/S/09660\">$地平线机器人-W(09660)$</a> <a href=\"https://laohu8.com/U/20722186463466\">@爱发红包的虎妞</a></p></body></html>","htmlText":"<html><head></head><body><h2></h2>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2954b255fa2edf1a415d5cdc04ee5e64\" tg-width=\"1589\" tg-height=\"555\"></p>\n<h2>一、车企自研芯片威胁被夸大，地平线基本盘稳固</h2>\n<p style=\"text-align: justify;\">市场普遍担忧比亚迪、蔚小理自研芯片会侵蚀地平线市场空间，但报告通过严谨论证指出：车企自研芯片需要同时满足“全栈智驾软件自研能力、雄厚研发资金、足够规模销量”三大条件，且缺乏中间件和工具包积累导致迭代能力存疑。报告测算，自研芯片车企在中国市场份额<strong>不会超过20%</strong>，剩余80%仍由独立供应商瓜分。</p>\n<h2>二、稳态空间测算：国内1,000万套，海外再加1,000万套</h2>\n<p style=\"text-align: justify;\">基于中国乘用车2,500万辆稳态销量，地平线在80%独立市场中占据50%份额，对应<strong>1,000万套出货空间</strong>，较2025年401万套仍有150%增长空间。海外市场通过“帮自主品牌走出去、帮合资品牌留下来、帮海外品牌智能化”三条路径，有望贡献同等增量，<strong>长期出货空间突破2,000万套</strong>，较2025年增长约400%。</p>\n<h2>三、软硬一体构筑护城河，HSD方案开启订阅制新模式</h2>\n<p style=\"text-align: justify;\">报告精辟指出，地平线的ASIC芯片与自研算法深度耦合，实现低功耗、低成本优势，这是“第三方硬件+第三方软件”拼凑模式无法比拟的。HSD方案截至2026年4月已获全球10家车企、超20款车型定点，首批车型上市8周激活量突破2.5万台。当用户智驾里程占比突破50%临界点时，<strong>“卖硬件”到“按月收服务费”</strong>的商业模式跃迁将正式开启。</p>\n<h2>四、三大成长引擎：舱驾一体、下一代计算平台、具身智能</h2>\n<p style=\"text-align: justify;\">2026年推出的“星空”舱驾融合芯片可使单车成本降低1,500-4,000元；2027年量产的下一代计算平台（征程7，对标特斯拉AI5）将形成完整产品矩阵；地瓜机器人的芯片与算法可完全复用智驾积累，为远期增长打开想象空间。</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01b391f9869566da000ccf415bda0e59\" tg-width=\"1011\" tg-height=\"636\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa3a1e08777e711ebb6f2a068d5b0921\" tg-width=\"670\" tg-height=\"658\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/adb3c325c4f0e4de6dce853ad75e14a9\" tg-width=\"675\" tg-height=\"797\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1123c8319914e73997ed4a013eb72df1\" tg-width=\"675\" tg-height=\"511\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/efd5affa5a59b563e3d1308249c57f3a\" tg-width=\"671\" tg-height=\"777\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/122660e932a1be800ab9789c9debbcc2\" tg-width=\"670\" tg-height=\"398\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df3cb1056c72e01ec815c435773e256c\" tg-width=\"669\" tg-height=\"787\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/76f41341bea01aa74ded29606188ce95\" tg-width=\"671\" tg-height=\"784\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5de9bacfdd9e0c2498d8d8503d52c239\" tg-width=\"676\" tg-height=\"719\"></p>\n<p>来源：微信公众号“智能汽车设计’’</p>\n<p><a href=\"https://laohu8.com/S/09660\">$地平线机器人-W(09660)$</a> <a href=\"https://laohu8.com/U/20722186463466\">@爱发红包的虎妞</a></p></body></html>","text":"一、车企自研芯片威胁被夸大，地平线基本盘稳固 市场普遍担忧比亚迪、蔚小理自研芯片会侵蚀地平线市场空间，但报告通过严谨论证指出：车企自研芯片需要同时满足“全栈智驾软件自研能力、雄厚研发资金、足够规模销量”三大条件，且缺乏中间件和工具包积累导致迭代能力存疑。报告测算，自研芯片车企在中国市场份额不会超过20%，剩余80%仍由独立供应商瓜分。 二、稳态空间测算：国内1,000万套，海外再加1,000万套 基于中国乘用车2,500万辆稳态销量，地平线在80%独立市场中占据50%份额，对应1,000万套出货空间，较2025年401万套仍有150%增长空间。海外市场通过“帮自主品牌走出去、帮合资品牌留下来、帮海外品牌智能化”三条路径，有望贡献同等增量，长期出货空间突破2,000万套，较2025年增长约400%。 三、软硬一体构筑护城河，HSD方案开启订阅制新模式 报告精辟指出，地平线的ASIC芯片与自研算法深度耦合，实现低功耗、低成本优势，这是“第三方硬件+第三方软件”拼凑模式无法比拟的。HSD方案截至2026年4月已获全球10家车企、超20款车型定点，首批车型上市8周激活量突破2.5万台。当用户智驾里程占比突破50%临界点时，“卖硬件”到“按月收服务费”的商业模式跃迁将正式开启。 四、三大成长引擎：舱驾一体、下一代计算平台、具身智能 2026年推出的“星空”舱驾融合芯片可使单车成本降低1,500-4,000元；2027年量产的下一代计算平台（征程7，对标特斯拉AI5）将形成完整产品矩阵；地瓜机器人的芯片与算法可完全复用智驾积累，为远期增长打开想象空间。 来源：微信公众号“智能汽车设计’’ $地平线机器人-W(09660)$ @爱发红包的虎妞","highlighted":1,"essential":1,"paper":2,"link":"https://laohu8.com/post/585643786834912","repostId":0,"isVote":1,"tweetType":1,"commentLimit":10,"symbols":["09660"],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1250,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"isVote":1,"tweetType":1,"viewCount":495,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["09660"],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":94,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/586287115490584"}