折价24%成交，千里科技急需奔驰“输血”

Core Insights - On September 25, a significant event occurred in China's smart driving sector as Mercedes-Benz announced two key moves: the mass production of an intelligent driving system developed in collaboration with Momenta for the domestic CLA model, and the acquisition of a 3% stake in Qianli Technology at a price of 9.87 yuan per share, representing a nearly 24% discount [2][3]. Group 1: Mercedes-Benz's Strategic Moves - The simultaneous announcements reflect Mercedes-Benz's strategy to establish a foothold in the local smart driving ecosystem while addressing immediate product deployment needs [2]. - The investment in Qianli Technology, costing approximately 1.339 billion yuan, positions Mercedes-Benz as the fifth-largest shareholder, with a commitment not to sell shares within the next 12 months [3]. Group 2: Qianli Technology's Background - Qianli Technology, which emerged from the restructuring of Lifan Holdings, was once the first private passenger car company listed in A-shares but faced bankruptcy in 2020 before being acquired by Geely [3]. - The company has shifted its focus from traditional manufacturing to smart driving and intelligent cockpit technologies, with a workforce expansion to about 2,000 people through partnerships with Geely and Megvii [3]. Group 3: Industry Context and Implications - Qianli Zhijia, formed by Qianli Technology, Geely, and Megvii, aims to operate independently and provide solutions not only for Geely but for the entire industry [4]. - Mercedes-Benz's investment aligns with its earlier investment in Momenta in 2017, indicating a commitment to local data training and simulation for its new intelligent driving system, which will debut in the upcoming CLA model [4]. - The discount on the share purchase highlights the urgency of Lifan Holdings' divestment while simultaneously providing Qianli Technology with international brand recognition, crucial for its expansion [4]. Group 4: Future Outlook - The effectiveness of these strategic moves will ultimately be determined by real-world testing and consumer acceptance, as user experience will be the final measure of the value of these capital and technological investments [5].