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 ...

Core Insights - On September 25, a significant event occurred in China's smart driving sector as Mercedes-Benz announced two key moves: the mass production of an intelligent driving system developed in collaboration with Momenta for the domestic CLA model, and the acquisition of a 3% stake in Qianli Technology at a price of 9.87 yuan per share, representing a nearly 24% discount [2][3]. Group 1: Mercedes-Benz's Strategic Moves - The simultaneous announcements reflect Mercedes-Benz's strategy to establish a foothold in the local smart driving ecosystem while addressing immediate product deployment needs [2]. - The investment in Qianli Technology, costing approximately 1.339 billion yuan, positions Mercedes-Benz as the fifth-largest shareholder, with a commitment not to sell shares within the next 12 months [3]. Group 2: Qianli Technology's Background - Qianli Technology, which emerged from the restructuring of Lifan Holdings, was once the first private passenger car company listed in A-shares but faced bankruptcy in 2020 before being acquired by Geely [3]. - The company has shifted its focus from traditional manufacturing to smart driving and intelligent cockpit technologies, with a workforce expansion to about 2,000 people through partnerships with Geely and Megvii [3]. Group 3: Industry Context and Implications - Qianli Zhijia, formed by Qianli Technology, Geely, and Megvii, aims to operate independently and provide solutions not only for Geely but for the entire industry [4]. - Mercedes-Benz's investment aligns with its earlier investment in Momenta in 2017, indicating a commitment to local data training and simulation for its new intelligent driving system, which will debut in the upcoming CLA model [4]. - The discount on the share purchase highlights the urgency of Lifan Holdings' divestment while simultaneously providing Qianli Technology with international brand recognition, crucial for its expansion [4]. Group 4: Future Outlook - The effectiveness of these strategic moves will ultimately be determined by real-world testing and consumer acceptance, as user experience will be the final measure of the value of these capital and technological investments [5].

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]

Group 1 - The core point of the news is that Qianli Technology announced a share transfer agreement with Mercedes-Benz Digital Technology, following a failure by its major shareholder, Chongqing Lifan Holdings, to complete a stock pledge repurchase transaction [1] - Lifan Holdings will transfer a total of 136 million shares, representing 3.00% of the company's total share capital, at a price of 9.87 yuan per share, amounting to a total consideration of 1.339 billion yuan to repay related debts [1] - The acquisition by Mercedes-Benz Digital Technology is seen as a significant step in deepening Mercedes-Benz's strategic layout in China's intelligent vehicle market, potentially enabling Qianli Technology to provide smart driving technology support for new models launched by Mercedes-Benz in China [1] Group 2 - Qianli Technology, formerly Lifan Technology, focuses on the "AI + vehicle" core strategy, expanding into intelligent assisted driving and smart cockpit sectors, with Zhejiang Geely Holding Group as one of its major shareholders [2] - Qianli Technology has established a joint venture, Qianli Zhijia, with Geely, where each party holds a 30% stake, and Lotus holds 5%, resulting in Geely's effective ownership exceeding 60% [2] - The company has launched the Qianli Zhijia 1.0 intelligent assisted driving solution, which includes three versions with varying computing power, the flagship version boasting up to 700 TOPS for complex decision-making and interactions [2] Group 3 - Qianli Technology plans to release the L3-level intelligent driving solution, Qianli Zhijia 2.0, within the next six months, and aims to introduce the L4-level solution for Robotaxi scenarios, Qianli Zhijia 3.0, in the second half of 2026 [3] - Wang Jun, who joined Qianli Technology as co-president in June, has extensive experience in the intelligent automotive solutions sector, having previously held multiple senior positions at Huawei [3]

Group 1 - On September 24, Qianli Technology's stock rose by 5.11%, with a trading volume of 1.188 billion yuan [1] - The company had a net financing purchase of 18.74 million yuan on the same day, with a total financing and securities balance of 1.365 billion yuan [1] - The financing balance of Qianli Technology is at a high level, exceeding the 90th percentile over the past year, accounting for 2.29% of the circulating market value [1] Group 2 - As of June 30, Qianli Technology reported a total revenue of 4.184 billion yuan for the first half of 2025, representing a year-on-year growth of 40.04% [2] - The net profit attributable to the parent company for the same period was 31.17 million yuan, showing a year-on-year increase of 19.00% [2] - The number of shareholders decreased by 12.63% to 58,400, while the average circulating shares per person increased by 14.46% to 77,377 shares [2] Group 3 - Since its A-share listing, Qianli Technology has distributed a total of 1.406 billion yuan in dividends, with no dividends paid in the last three years [3] - As of June 30, 2025, Hong Kong Central Clearing Limited is the sixth largest circulating shareholder, holding 47.6895 million shares, a decrease of 10.628 million shares from the previous period [3]

Company Actions - Qianli Technology's shareholder Lifan Holdings plans to transfer 3% of company shares to Mercedes Digital Technology [1] - Mercedes-Benz Group is preparing to invest in Chongqing Qianli Technology, a self-driving system developer supported by Geely [1] Strategic Implications - Mercedes-Benz plans to acquire a minority stake in Qianli Technology to strengthen its software capabilities in China [1]

格隆汇9月25日丨千里科技(601777.SH)公布，公司于2025年9月25日收到持股5%以上的股东力帆控股的 函告，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，质权人申万宏源和华创股份拟采用协议转让的方式处置力帆控股所持公司股 份。2025年9月25日，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，通 过协议转让方式转让给奔驰数字技术。 ...

千里科技（601777）(601777.SH)发布公告，公司于2025年9月25日收到持股5%以上的股东力帆控股的 函告，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，质权人申万宏源和华创股份拟采用协议转让的方式处置力帆控股所持公司股 份。2025年9月25日，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1.356亿股公司股份(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。 ...