GEELY AUTO(HK:00175) 2 1 Shi Ji Jing Ji Bao Dao·2025-08-05 01:40Core Viewpoint - The establishment of Qianli Zhijia, led by Yin Qi, marks a significant consolidation of talent and resources in the smart driving sector, aiming to create a leading AI-driven automotive technology brand [1][31]. Group 1: Company Structure and Leadership - Qianli Zhijia has absorbed approximately 2,500 employees from Geely, including around 1,500 from Zeekr and nearly 1,000 from Geely Research Institute, bringing the total workforce to 3,000 [1]. - Yin Qi, a graduate of Tsinghua University with a background in algorithms, is joined by Wang Jun, former president of Huawei's Intelligent Automotive Solutions BU, as co-president [3][4]. - The leadership aims to integrate the existing smart driving teams from Zeekr and Geely Research Institute into Qianli Zhijia, establishing a unified smart driving team [7]. Group 2: Financial and Strategic Moves - Qianli Zhijia completed a capital increase in July, with total cash contributions from shareholders exceeding 1.7 billion yuan [2]. - The company announced a deal to transfer intellectual property rights for a range-extended model to Ningbo Geely Automotive Research Institute for 345 million yuan, indicating a focus on AI and automotive integration [8][10]. - Yin Qi's company, Jianghehui, acquired shares in Qianli Technology for 2.43 billion yuan, becoming the second-largest shareholder, which reflects strategic investment in the smart driving sector [11]. Group 3: Product Development and Market Positioning - In March, Qianli Technology and Geely jointly launched the Qianli Haohan smart driving system, which will cover all Geely models in the future [12]. - The flagship version of the Qianli Zhijia solution boasts a computing power of 700 TOPS, enabling complex autonomous decision-making [25]. - The company is positioning itself as a provider of integrated solutions that combine large model technology, product scenarios, and hardware capabilities, shifting the automotive industry focus from "car + AI" to "AI + car" [14][29]. Group 4: Future Outlook and Growth Strategy - Qianli Technology aims to accelerate its technology business layout, projecting rapid growth in performance by 2026 [29]. - The company is also developing smart cockpit solutions, indicating a broader strategy to enhance user experience in automotive technology [29]. - The net profit for Qianli Technology in the first quarter was approximately 20 million yuan, showing an improvement in profitability [30].