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Core Insights - The announcement of Wang Jun, former president of Huawei's automotive solutions, joining Qianli Technology as co-president signals a significant shift in the smart driving landscape [1][3] - Qianli Technology is positioning itself as an independent Tier 1 supplier for smart automotive solutions, rather than being merely a part of the Geely ecosystem [3][8] - The launch of Qianli Smart Driving 1.0, which targets L2+ level smart driving solutions, showcases the company's ambition to expand its market presence beyond Geely [10][11] Company Positioning - Qianli Technology, often perceived as part of the "Geely system," emphasizes its independence and strategic partnership with Geely, aiming to support multiple automotive clients [3][8] - The company has established a joint venture, Chongqing Qianli Smart Driving Co., with Geely and Megvii, each holding a 30% stake, indicating a collaborative approach to smart driving technology [5][6] - Qianli Smart Driving 1.0 includes three versions (basic, professional, flagship) with varying computational power, highlighting the company's technological capabilities [10][11] Market Strategy - Qianli Technology aims to capture a significant share of the smart driving market, aspiring to be a leading independent supplier amidst increasing competition [3][12] - The company plans to release its L3 smart driving solution, Qianli Smart Driving 2.0, within six months, and a L4 solution by mid-2026, indicating a clear roadmap for technological advancement [10][11] - The strategic hiring of experienced talent from various sectors, including the automotive and AI industries, is intended to enhance Qianli's competitive edge in product development [11][15] Industry Context - The smart driving sector is witnessing a shift towards third-party suppliers as traditional automakers face challenges in maintaining in-house development teams [12][15] - Qianli Technology's ambition to become a leading Tier 1 supplier reflects a broader trend in the industry where companies seek to diversify their client base to ensure sustainability and growth [15][16] - The current technological transformation and challenges faced by traditional automakers present a unique opportunity for new entrants like Qianli Technology to establish themselves in the market [16]