With Tesla's FSD expected to land in China, the intelligent driving sector has recently become active again, with stock prices of companies in the supply chain generally strengthening. Among them, JOYSON ELECTRONICS saw its intraday increase exceed 7%, as market expectations for its intelligent driving business continue to heat up. From a performance-driven perspective, the intelligent driving business is gradually becoming JOYSON ELECTRONICS' most certain growth engine, and as previous orders enter the mass production ramp-up phase, related revenues will accelerate release.
Several leading securities firms have also continued to strengthen their optimism about the company's intelligent driving business. Huatai Securities pointed out in its latest research report that JOYSON ELECTRONICS' intelligent driving business has entered a &#34;dual acceleration phase of orders and mass production.&#34; As ongoing projects gradually convert into revenue, the pace of profit release is expected to significantly accelerate, maintaining a &#34;buy&#34; rating. Northeast Securities also stated in its report that the company's intelligent driving business has become an important driver of order growth, with large projects continuously landing, and combined with the subsequent advancement of mass production, it is expected to drive the company's performance and valuation system to improve in sync.
Full-stack intelligent driving product system taking shape: from domain control to central computing unit
In terms of products, JOYSON ELECTRONICS has continuously invested in intelligent driving in recent years, establishing a complete product matrix covering levels L2 to L4, forming comprehensive capabilities from basic assisted driving to advanced autonomous driving.
Specifically, the company's core intelligent driving products mainly include: intelligent driving domain controllers, central computing units, cabin driving integration solutions, as well as front-view intelligent all-in-one machines and perception systems. The company's products not only achieve full-chain coverage from L2 basic assisted driving to L4 autonomous driving but also form a layered layout across different computing power platforms, application scenarios, and cost ranges, meeting the diverse needs from entry-level models to high-end intelligent vehicles.
Industry insiders point out that under the trend of automotive electronic and electrical architecture evolving from distributed to centralized, Tier 1 manufacturers with &#34;domain control + central computing + integrated architecture&#34; capabilities will significantly benefit, and JOYSON ELECTRONICS is at the core of this structural upgrade.
Multi-chip + ecological cooperation: building global intelligent driving adaptation capabilities
In terms of technical routes, JOYSON ELECTRONICS has not bet on a single platform but has adopted an open strategy of &#34;multi-chip platform + ecological cooperation.&#34;
On one hand, the company has established partnerships with mainstream chip manufacturers at home and abroad, such as Qualcomm, NVIDIA, Horizon Robotics, and Black Sesame, forming a product system that spans different computing power levels; on the other hand, by collaborating with algorithm companies like Momenta and SiNian Intelligent Driving, it strengthens algorithm capabilities and system integration capabilities.
This &#34;software-hardware synergy + multi-platform adaptation&#34; capability allows JOYSON ELECTRONICS to serve both overseas automakers and domestic brands, meeting different regulatory and scenario requirements; and it can flexibly match chips and computing power solutions according to vehicle positioning, achieving a balance between cost and performance.
Industry experts believe that this open ecosystem is one of the important core capabilities for current global Tier 1 suppliers participating in high-level intelligent driving competition.
Intensive orders landing, advanced intelligent driving entering the realization cycle
While continuously improving product capabilities, JOYSON ELECTRONICS' intelligent driving business has entered a rapid order conversion phase
Since 2025, the company has frequently achieved breakthroughs in the fields of intelligent driving and domain integration, with related order scales rapidly increasing. Among them, orders related to high-level intelligent driving and cabin driving integration have exceeded 20 billion yuan, becoming one of the fastest-growing segments in the automotive electronics business.
Overall, the company's automotive electronics order scale has reached a reserve of several hundred billion yuan. Coupled with the concentrated mass production cycle from 2026 to 2027, it is expected to enter a stage of concentrated revenue release in the next two to three years. Multiple brokerages predict that as intelligent driving domain control and central computing products are installed on a large scale, the company's automotive electronics business gross margin and profitability are expected to further improve.
Accelerating commercialization: Expanding from passenger vehicles to multiple application scenarios
In addition to the passenger vehicle market, JOYSON ELECTRONICS is also promoting the implementation of high-level intelligent driving technology in diverse scenarios, further validating its commercialization capabilities.
Taking L4 autonomous driving as an example, the &#34;V2X+L4 Intelligent Driving&#34; smart port solution developed by the company and its partners has been practically applied at Ningbo Port. This solution significantly enhances transportation scheduling efficiency and path planning accuracy through vehicle-road collaboration and cloud scheduling systems, providing a model for the large-scale application of autonomous driving in closed scenarios.
At the same time, the company is also laying out L4 solutions for low-speed logistics vehicles, unmanned logistics, and regionally closed scenarios, gradually expanding the application boundaries of autonomous driving. Industry opinions suggest that such scenarios will become important entry points for high-level autonomous driving to achieve commercial breakthroughs.
JOYSON ELECTRONICS is transforming from a traditional automotive parts supplier to a core system provider for intelligent vehicles. Several brokerages point out that as intelligent driving orders continue to be implemented and the mass production rhythm becomes clearer, its intelligent driving business is expected to become a core growth engine in the next two to three years

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JOYSON ELECTRONICS' intelligent driving business has entered the mass production stage, and market expectations for its growth have risen, with the stock price once increasing by over 7%. Multiple brokerages are optimistic about its performance growth, with Huatai Securities maintaining a "Buy" rating, believing that the acceleration of orders and mass production will enhance profitability. JOYSON ELECTRONICS has built a complete intelligent driving product matrix, possesses multi-chip platform and ecological cooperation capabilities, and is in a core position for the upgrade of automotive electronic architecture

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JOYSON ELECTRONICS

Tesla

HTSC

Northeast Securities

Qualcomm

NVIDIA

HORIZONROBOT-W

JOYSON ELEC

Huatai Securities Co., Ltd. GDR Class A RegS

NVIDIA Corporation

JOYSON ELECTRONICS' intelligent driving enters the mass production realization period, with multiple leading securities firms optimistic about the accelerated release of growth potential