毫末智行董事长将离职

Core Insights - The frequent personnel changes at Haomo Zhixing, including the resignation of Chairman Zhang Kai and other executives, indicate potential issues within the company, particularly related to its business performance not meeting expectations [1][3][9] - The company's core business segments, including passenger vehicle assisted driving and low-speed unmanned delivery vehicles, are progressing slowly and failing to meet market expectations [4][8] Business Performance - Haomo Zhixing's assisted driving technology has seen limited adoption, with only two models from Hyundai utilizing its products, and the development of features is reportedly behind schedule [4] - The company had ambitious plans to implement urban NOH in 100 cities by 2024 and achieve a million units installed by the end of 2025, but these targets remain unfulfilled [4] - The low-speed unmanned vehicle segment is struggling, with a sales target of only about 50 units for the year, and the company is not planning to develop new models or expand sales [8] Market Position and Competition - Haomo Zhixing faces significant competition in the low-speed unmanned vehicle market, which is characterized by small scale, low profitability, and intense competition, leading to a drastic reduction in vehicle prices [8] - The company is perceived to have difficulty securing orders from other automakers due to data security concerns associated with its autonomous driving technology [8] Organizational Changes - The company has undergone significant layoffs, reportedly cutting about 30% to nearly half of its workforce in functional departments, which has been framed as a normal organizational adjustment [11] - The IPO progress for Haomo Zhixing has been slow, with plans for a Hong Kong listing reportedly halted internally by the major shareholder, Great Wall Motors, although the chairman has denied this and stated intentions to pursue an IPO in 2025 [11]