FOTON(SH:600166) Bei Jing Shang Bao·2025-09-03 03:55Core Viewpoint - Beijing Automotive Group (BAIC Group) is making significant advancements in the automotive industry, focusing on research and development, manufacturing, and smart technology, with clear goals set for the future [2][3]. Group 1: Technological Development - BAIC Group aims to initiate small-scale demonstration operations of solid-state batteries by 2027, with plans for commercial Robotaxi models to be mass-produced and launched in multiple cities [2]. - The company is pursuing two technological paths: semi-solid batteries, expected to complete product development by 2026, and solid-state battery systems, which will undergo vehicle validation by 2026 and enter demonstration operations in 2027 [2]. - The solid-state battery system is designed to offer superior safety, extended range, and rapid charging in low-temperature environments [2]. Group 2: Autonomous Driving and Smart Connectivity - BAIC Group has collaborated with Huawei to develop the Xiangjie S9 range-extended model, which features Huawei's ADS 3.0 driver assistance system, and plans to launch the Xiangjie S9T with ADS 4 [3]. - The company is testing a "driverless taxi" in partnership with Pony.ai, aiming for a fleet of over 1,000 vehicles by 2025, and currently leads the nation in the number of Robotaxi test vehicles on the road [3]. - A new generation skateboard platform is being developed to facilitate the mass production of advanced smart vehicles [3]. Group 3: Market Performance and Sales Goals - In the first half of the year, BAIC New Energy sold 67,200 vehicles, marking a year-on-year increase of nearly 140% [4]. - The company has invested 2 billion yuan in a new energy vehicle testing center to ensure product performance stability [4]. - BAIC New Energy aims to achieve annual sales of 500,000 vehicles by 2027 [4]. Group 4: Research and Development Investment - BAIC Group plans to invest over 100 billion yuan in research and development from 2024 to 2030, focusing on solid-state batteries, hydrogen energy, and autonomous driving [4]. - The company has filed approximately 39,000 patents, with over 40% being invention patents, and has received numerous awards for its core technologies [4][5]. - BAIC Group has participated in the formulation of over 300 national and industry standards, ensuring effective conversion of technological innovation into product advantages [5]. Group 5: Industry Context - The automotive industry is transitioning into a technological deep-water zone, with a shift from vehicle intelligence to energy system revolution becoming a strategic focus for major automakers [5]. - BAIC Group's systematic technological innovation capabilities in battery and smart driving sectors are seen as crucial for its long-term development [5].