Valuation Logic of Intelligent Driving Concept Stocks and Differentiation Analysis from Traditional Automakers

Traditional automakers mainly adopt the

• Fixed Asset Value
  : Plant, equipment, land and other tangible assets
• Production Capacity Scale
  : Annual output, market share
• Brand Premium
  : Historically accumulated brand value
• Distribution Network
  : Channel coverage and service capabilities

Intelligent driving concept stocks use the

1. Technological Asset Value
   • Autonomous driving algorithms and data accumulation
   • High-precision maps and sensor technology
   • Software-defined vehicle (SDV) capabilities

2. Future Revenue Expectations
   • Software subscription service revenue
   • Data monetization potential
   • Ecosystem value

3. Market Space Valuation
   • Growth space for autonomous driving penetration rate
   • Growth expectations for software service market size

According to the latest data [0], BAIC BluePark’s current stock price is 8.24 yuan, with a market capitalization of 459.3 billion US dollars, but its financial performance is poor:

• P/E Ratio
  : -7.85x (in loss status)
• Return on Equity
  : -153.23%
• Net Profit Margin
  : -29.30%
• Current Ratio
  : 0.69 (short-term liquidity strain) [0]

From the stock price chart, BAIC BluePark experienced significant fluctuations in 2025, with a 52-week price range of 6.57-9.68 yuan. Recently, it has seen a limit-up trend with a significant increase in trading volume, indicating that the market’s attention to its intelligent driving concept has risen.

BAIC BluePark has the following layout in the intelligent driving field:

1. Cooperation Ecosystem Construction
   • In-depth cooperation with tech companies like Huawei and Baidu
   • Integration of advanced algorithms and chip technology
   • Establishment of an intelligent driving R&D alliance

2. Product Implementation Capability
   • ARCFOX brand equipped with high-level autonomous driving systems
   • Mass production of urban NOA (Navigation Assisted Driving) function
   • Integration of intelligent cockpit and connected car services

3. Data Accumulation Advantages
   • Collection of large amounts of road test data
   • Analysis of user driving behavior
   • Scenario-based algorithm optimization

1. Industry Trend Support
   • Rapid increase in autonomous driving penetration rate
   • Policy support for intelligent connected vehicles
   • Gradual improvement in consumer acceptance

2. Accelerated Technological Progress
   • Application of large model technology in autonomous driving [1]
   • End-to-end neural networks becoming a development trend [1]
   • Decline in computing power costs driving technology popularization

3. Business Model Innovation
   • Promotion of software subscription systems
   • Increase in data value monetization channels
   • Rise of the “Driving as a Service (DaaS)” model

1. Financial Pressure
   • Sustained losses affecting capital investment capacity [0]
   • R&D investment and output matching to be observed
   • High pressure on cash flow management [0]

2. Intense Competition
   • Rapid catch-up by new power automakers
   • Accelerated transformation of traditional automakers
   • Cross-border competition from tech companies

3. Technology Maturity
   • Uncertain timeline for commercialization of L4-level autonomous driving
   • Impact of regulatory perfection on promotion speed
   • Consumer willingness to pay remains to be verified

Based on recent limit-up performance and the heat of the intelligent driving sector, BAIC BluePark may continue to benefit from concept speculation in the short term, but attention should be paid to correction risks.

Whether BAIC BluePark’s intelligent driving layout can support sustained growth depends on:

1. Technological Commercialization Progress
   : Can large-scale commercial implementation of intelligent driving functions be achieved?
2. Financial Condition Improvement
   : Can losses narrow and cash flow conditions improve?
3. Market Competition Pattern
   : Can it maintain technological leadership in fierce competition?

Investors should focus on:

• Duration and magnitude of sustained financial losses
• R&D progress of intelligent driving technology
• Stability of partnership relationships
• Impact of industry policy changes

[0] Jinling API Data
[1] Nikkei Asia - “Nissan, UK AI company Wayve to launch self-driving system by FY2027” (https://asia.nikkei.com/business/automobiles/nissan-uk-ai-company-wayve-to-launch-self-driving-system-by-fy2027)