Zhong Guo Chan Ye Jing Ji Xin Xi Wang·2025-07-21 03:16Core Insights - Longhua Automobile's commitment to independent research and development is highlighted by its innovative practices, exemplified by the integration of technology and sports at its smart factory in Hebei [1][3] - The company has significantly increased its R&D investment, reaching 10.4 billion yuan in 2024, which accounts for 5.2% of its sales, supported by a robust engineering team of 23,000 [1][2] - Longhua has successfully transitioned from relying on external suppliers to establishing a self-sufficient supply chain, enhancing its competitiveness in the global market [2][3] R&D and Innovation - The company operates a state-of-the-art testing center with an investment of nearly 10 billion yuan, capable of conducting over 2,000 tests in areas such as new energy and thermal management [1] - Longhua's self-developed intelligent driving assistance system covers a wide range of scenarios, showcasing its advancements in AI and smart driving technology [2] Supply Chain Development - The transition to an independent supply chain began in the 1990s, evolving from a small manufacturer to a key player in the global supply chain, including partnerships with international brands like BMW [2] - Longhua has achieved self-research and manufacturing of critical components, including engines, transmissions, and power batteries, creating a complete and synergistic supply chain [2] Market Performance - The company reported a revenue of 21.95 billion yuan in 2024 and nearly 570,000 vehicle sales in the first half of the year, reflecting the successful conversion of technological innovation into market competitiveness [2]