Core Viewpoint - Chongqing Qianli Technology Co., Ltd. announced a share transfer from its major shareholder, Chongqing Lifan Holdings, to Mercedes-Benz (Shanghai) Digital Technology, indicating a strategic partnership aimed at enhancing software capabilities in the automotive sector [1][2]. Group 1: Share Transfer Details - Lifan Holdings plans to transfer 136 million shares, representing 3% of the total share capital, at a price of 9.87 CNY per share, totaling approximately 1.339 billion CNY [1]. - The transfer is a result of an unsuccessful stock pledge repurchase agreement and is part of a debt repayment strategy following a court-approved restructuring plan [1]. - The transfer price is set at 75% of the closing price on the trading day prior to the agreement, indicating a discounted transaction [1]. Group 2: Impact on Shareholding Structure - Following the transaction, Lifan Holdings' shareholding will decrease to 10.68%, making it the third-largest shareholder, while Mercedes-Benz Digital Technology will become the fifth-largest shareholder with a 3% stake [2]. - Mercedes-Benz Digital Technology, established in June 2023, focuses on AI application software development and automotive component R&D, aligning with the strategic goals of Qianli Technology [2]. Group 3: Strategic Implications - The investment by Mercedes-Benz is expected to enhance its software capabilities in China, with Qianli Technology potentially providing intelligent driving technology support for new models [2]. - Qianli Technology, formerly Lifan Motors, has undergone a transformation since 2020, focusing on "AI + automotive" business, with Geely Holding as a major shareholder [2]. - As of September 25, Qianli Technology's total market capitalization exceeded 58 billion CNY, reflecting its growing significance in the automotive technology sector [2].

Core Insights - Geely and Mercedes-Benz have achieved indirect cooperation through Qianli Technology, with Mercedes investing approximately 1.342 billion yuan for a 3% stake in the company [1][2] - The collaboration aims to enhance Mercedes' localization and technological development in the Chinese market, while also strengthening Qianli Technology's competitive edge in the intelligent driving sector [1][4] Company Overview - Qianli Technology, formerly known as Lifan, transitioned from motorcycle manufacturing to automotive production and underwent restructuring in 2021, with Geely becoming a significant shareholder [3] - The largest shareholder of Qianli Technology is Chongqing Manjianghong Private Equity Investment Fund, with Geely indirectly holding a substantial stake through its investment arm [3] Business Development - Mercedes Digital, a wholly-owned subsidiary of Mercedes-Benz (China) Investment Co., focuses on various sectors including autonomous driving and has been recognized as a foreign R&D center in Shanghai [2] - The collaboration reflects a shift in the automotive industry from mere market partnerships to deeper technological and capital cooperation, integrating global resources into China's smart electric vehicle industry [2][4] Strategic Implications - The investment by Mercedes serves as an endorsement of Qianli Zhijia, Geely's unified intelligent driving platform, potentially increasing its valuation and market influence [4] - Qianli Zhijia is positioned as a core technology platform within Geely's ecosystem, indicating a strategic move towards independent development in intelligent driving solutions [3][4]

Core Insights - Mercedes-Benz is advancing its strategy in China by launching a new intelligent driving assistance system in collaboration with local company Momenta, which will debut in the new all-electric CLA model [1][3] - The company is also enhancing its capital structure by acquiring a 3% stake in Qianli Technology for approximately 1.339 billion yuan, aiming to strengthen its smart technology ecosystem [1][6] Group 1: Intelligent Driving System - The new intelligent driving assistance system is based on a flywheel large model and features an end-to-end technology architecture, integrating perception, decision-making, and control, with a response time of just 100 milliseconds [3] - The system has been trained using 100% local data to adapt to China's complex traffic conditions, including scenarios like mixed traffic with non-motor vehicles and construction zones [3] - Extensive testing has been conducted across high-traffic routes and through simulation platforms, covering extreme weather conditions and unexpected road situations [3] Group 2: New Electric Vehicle Launch - The all-new all-electric CLA, built on the Mercedes-Benz MMA platform, is priced between 259,000 and 299,000 yuan, targeting the high-end electric sedan market [3][4] - The vehicle features an 800V high-voltage architecture, supporting 320kW fast charging, which can add 370 km of range in just 10 minutes, and has a CLTC range of 866 km with a consumption of only 10.9 kWh per 100 km [4] - The CLA includes advanced smart features, such as the jointly developed intelligent driving system and the proprietary MB.OS operating system, which enhances the vehicle's interactive capabilities [4] Group 3: Capital Investment and Strategic Partnerships - Mercedes-Benz's digital technology subsidiary acquired 1.36 million shares of Qianli Technology at a price of 9.87 yuan per share, with the total transaction amounting to approximately 1.339 billion yuan [6] - Qianli Technology, a subsidiary of Geely, focuses on intelligent driving solutions and plans to launch L3-level solutions within six months and L4-level Robotaxi technology by 2026 [7] - The investment is part of Mercedes-Benz's broader strategy to establish a significant digital research and development center in China, covering AI applications, autonomous driving, and automotive component development [6] Group 4: Market Positioning - The new electric CLA has commenced production at the Beijing Yizhuang factory and is set to launch later this year, enhancing Mercedes-Benz's competitive edge in the smart electric vehicle market in China [8]

登录新浪财经APP 搜索【信披】查看更多考评等级 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ■ ● 本次权益变动为重庆千里科技股份有限公司（以下简称"公司"或"千里科技"）5%以上股东重庆力帆控 股有限公司（以下简称"力帆控股"），因未按照协议约定完成股票质押回购交易，根据《重庆力帆控股 有限公司等十一家公司实质合并重整计划（草案）》规定，质权人申万宏源证券有限公司（以下简 称"申万宏源"）和华创证券有限责任公司（以下简称"华创股份"）拟采用协议转让方式处置力帆控股所 持公司股份。2025年9月25日，力帆控股、梅赛德斯-奔驰（上海）数字技术有限公司（以下简称"奔驰 数字技术"或"受让方"）分别与华创股份和申万宏源签署《股份购买协议》，力帆控股将其持有的合计 135,633,002股公司股份（占公司总股本的3.00%），以人民币9.87元/股的价格，通过协议转让方式转让 给奔驰数字技术，以偿还相关债务。受让方奔驰数字技术承诺，自股份过户登记至其名下之日起12个月 内不减持。 ● 本次权益变动未触 ...

奔驰数字技术承诺，自股份过户登记至其名下之日起12个月内不减持。交易完成后，奔驰数字技术将持 有千里科技3%的股份，成为后者第五大股东。 9月25日，千里科技(601777.SH)发布公告称，力帆控股、梅赛德斯-奔驰（上海）数字技术有限公司 （以下简称奔驰数字技术）分别与华创股份和申万宏源签署《股份购买协议》，力帆控股将其持有的合 计135633002股公司股份（占公司总股本的3.00%），以人民币9.87元/股的价格，通过协议转让方式转 让给奔驰数字技术。此次交易总价约13.39亿元。 ...

转自：新华财经 9月25日，重庆千里科技股份有限公司（下称"千里科技"）公告，千里科技5%以上股东重庆力帆控股有 限公司（以下简称"力帆控股")将其持有的合计135,633,002股公司股份（占公司总股本的 3.00%)，以人 民币9.87元／股的价格，通过协议转让方式转让给梅赛德斯-奔驰（上海）数字技术有限公司（以下简 称"奔驰数字技术")。 据悉，上述权益变动是由于力帆控股未按照协议约定完成股票质押回购交易。 2017-2018年，力帆控股分别与申万宏源证券有限公司和华创证券有限责任公司（以下简称"华创股份") 签署股票质押回购交易协议。 2020年12月1日，《重庆力帆控股有限公司等十一家公司实质合并重整计划（草案）》(以下简称"《重 整计划》")获准通过，根据该重整计划，力帆控股质押股票设立 24个月保留期，目前24个月已经届 满。 根据《重整计划》，质权人申万宏源和华创证券拟采用协议转让方式处置力帆控股所持公司股份。力帆 控股、奔驰数字技术分别与华创股份和申万宏源签署《股份购买协议》：力帆控股将其持有的合计 135,633,002股公司股份（占公司总股本的 3.00%)，以人民币9.87元／股的价格 ...

经观感知 9月25日，中国智能驾驶赛道出现了一幕耐人寻味的"同日双响"。 奔驰在华同时落下两步关键棋：一边宣布与Momenta联合开发的智能驾驶系统将在国产CLA车型率先量产；一边以每股9.87元、折价近24%的价格买入千里 科技3%股份。 技术与资本同日释放信号，不只是巧合，而是这家国际豪华车企在中国市场的姿态，既要抓住眼下的产品落地，也要提前在本土智驾生态中占位。 这笔股权转让的直接背景，是力帆控股在偿债压力下出让股份。 奔驰的动作与此形成呼应。它早在2017年便投资了Momenta，如今新一代智能驾驶系统在中国本土数据训练和仿真验证下成型，覆盖高速、城区和泊车场 景，并将在今秋上市的CLA上首发。 对奔驰而言，这是一次将产品力尽快拉近竞争对手的尝试。同时，通过参股千里科技，它获得了贴近本土智驾产业链的另一种视角。前者解决的是短期产品 落地的压力，后者则是为中长期在生态中的议价权埋下伏笔。 折价幅度的存在，使这笔交易的解读多了一层复杂意味。对力帆控股而言，这是一次被动的处置。然而对于千里科技而言，这是一次接受国际豪华品牌认可 的机会，此时拓展边界尤为重要。而对奔驰而言，这是对"在中国，为世界"的现实表达。 ...

Core Viewpoint - On September 25, 2023, Chongqing Qianli Technology Co., Ltd. announced that its shareholder Lifan Holdings transferred 135.6 million shares (3.00% of total equity) to Mercedes-Benz (Shanghai) Digital Technology Co., Ltd. at a price of RMB 9.87 per share, totaling approximately RMB 1.34 billion, marking Mercedes' strategic investment in the smart technology sector [2][5]. Group 1: Investment Details - Lifan Holdings transferred shares to Mercedes-Benz Digital Technology to repay debts due to a failure to complete a stock pledge repurchase agreement [2]. - Mercedes-Benz Digital Technology will become the fifth largest shareholder of Qianli Technology and has committed not to reduce its holdings within 12 months post-transfer [2]. Group 2: Company Background - Qianli Technology, formerly known as Lifan Technology, underwent a name change in February 2025 after emerging from bankruptcy restructuring in 2020 [3]. - Geely became the majority shareholder of Qianli Technology in 2022 and has since made significant adjustments to its smart driving team, integrating various divisions and personnel [3][4]. Group 3: Strategic Implications - Qianli Technology is positioned as a key platform for smart driving within Geely's ecosystem, with its solutions being applicable to Geely's vehicles and available for external supply [4]. - The partnership with Mercedes-Benz is expected to enhance Mercedes' smart technology capabilities in the Chinese market, aligning with its ongoing investments in local smart technology firms [5][6]. Group 4: Industry Context - Other major automotive companies like BMW, Audi, and Volkswagen are also accelerating partnerships with local smart technology suppliers to enhance their competitive edge in the electric and smart vehicle market [6].

9月25日，力帆控股与梅赛德斯-奔驰（上海）数字技术有限公司（以下简称"奔驰数字技术"）分别与申万宏源和华创证券签署了《股份购买协 议》。根据协议，力帆控股将其持有的合计135,633,002股公司股份（占公司总股本的3%），以人民币9.87元/股的价格，通过协议转让方式转 让给奔驰数字技术，以偿还相关债务，股份转让价款合计为1,338,697,729.74元。本次权益变动后，力帆控股的持股比例从13.68%降至 10.68%，而奔驰数字技术将持有公司3%的股份。 千里科技称，本次权益变动不会对公司治理结构及持续经营产生重大影响。公司将继续保持稳定运营，致力于为股东创造更多价值。公司将密 切关注本次权益变动事宜的进展情况，并按照相关法律法规的规定及时履行信息披露义务。 千里科技于9月25日发布公告，公司5%以上股东重庆力帆控股有限公司（以下简称"力帆控股"）因未按照协议约定完成股票质押回购交易，根 据《重庆力帆控股有限公司等十一家公司实质合并重整计划（草案）》规定，质权人申万宏源证券有限公司（以下简称"申万宏源"）和华创证 券有限责任公司（以下简称"华创证券"）拟采用协议转让方式处置力帆控股所持公司股份。 ...

Core Viewpoint - Chongqing Lifan Holdings Co., Ltd. has agreed to transfer 3% of its shares in Qianli Technology to Mercedes-Benz at a 25% discount due to the failure to repurchase pledged equity after the expiration of an agreement [1][2][3] Group 1: Share Transfer Details - Lifan Holdings will transfer a total of 136 million shares, representing 3% of Qianli Technology's total equity, at a price of 9.87 yuan per share, totaling approximately 1.339 billion yuan [1] - The transfer price is set at 75% of the closing price on the trading day prior to the agreement [1] - Mercedes-Benz has committed not to reduce its holdings within 12 months from the date of share transfer [1] Group 2: Background of Qianli Technology - Qianli Technology, formerly known as Lifan Shares, underwent a successful bankruptcy reorganization in 2020, with Geely Holdings becoming a strategic investor [1] - The company changed its name and stock abbreviation to Qianli Technology in February 2025 [1] - Prior to the transaction with Mercedes, Lifan Holdings held 13.68% of Qianli Technology's shares [1] Group 3: Pledge Agreements and Debt Repayment - Lifan Holdings had previously entered into stock pledge agreements with Shenwan Hongyuan and Huachuang Securities, pledging a total of 135.63 million shares [2][3] - The stock pledge was subject to a 24-month retention period following the approval of the reorganization plan, during which the shares could not be disposed of [2] Group 4: Qianli Technology's Business Focus - Qianli Technology has shifted its focus from traditional automotive manufacturing to technology-driven solutions, emphasizing intelligent driving and smart cockpit systems [3][4] - The company launched the "Qianli Intelligent Driving 1.0" solution, featuring advanced computing capabilities and autonomous decision-making [4] - Qianli Technology aims to build an "AI+Vehicle" full-stack solution and open platform through strategic partnerships with major automotive manufacturers [4]