On February 12, Huatai Securities highlighted that the evolution of intelligent driving is set to unfold along a distinct trajectory: The advent of DeepSeek technology will spark a reevaluation of China's AI technology stocks, fostering innovation within the intelligent driving realm and enabling pioneers like BYD to spearhead the mass adoption of intelligent driving solutions. This shift is anticipated to propel a remarkable surge in the sales and market penetration of smart cars, potentially surpassing initial forecasts, and thereby fostering a dual upswing in profits and valuations across the intelligent driving sector and the broader automotive industry. Regarding investment strategies, Huatai Securities recommends focusing on: 1) Automakers: Companies with robust engineering expertise, advantageous in data, computing power, and capital, who are actively advancing the popularization of intelligent driving, alongside automakers accelerating their intelligent transformation. 2) Third-party suppliers: Firms poised to secure potential incremental orders from both domestic and international automotive brands.