Sou Hu Cai Jing·2025-09-07 01:47Group 1 - The core viewpoint of the report is that Qianli Technology (601777.SH) is supported by dual growth drivers from its automotive and motorcycle terminal businesses, which solidify its performance foundation [1] - The technology business is expected to break through with "AI + vehicle" integration, and the scenario closure is anticipated to gradually achieve commercialization [1] Group 2 - The report highlights the potential risks associated with macroeconomic conditions not meeting expectations [1] - It also points out the risk of intelligent penetration rates falling short of projections [1] - Additionally, there are concerns regarding technological iterations not keeping pace with market demands, as well as the expansion of smart driving and Robotaxi not meeting expectations [1]