FOTON(SH:600166) Yang Shi Wang·2025-10-23 08:54Core Viewpoint - The launch of the "Qixing Star" pure electric light truck platform by Beiqi Foton represents a significant step in the company's strategy to integrate new energy and light truck initiatives, aiming for high-quality development and innovation in the commercial vehicle sector [3][5]. Group 1: Company Strategy - Beiqi Foton's chairman, Chang Rui, emphasized the shift in the commercial vehicle industry towards market innovation and technological accumulation, with a focus on customer-centric development [3]. - The company aims to create a world-class enterprise through the "Double Hundred Project," which includes comprehensive internationalization, new energy, and intelligent transformation [3]. - The "Qixing Star" platform is a result of deep integration between Foton's new energy strategy and light truck strategy, showcasing breakthroughs in efficiency, intelligence, safety, and comfort [3]. Group 2: Industry Challenges - The light truck industry is facing severe challenges, including rising operational costs and shrinking profit margins, with multiple pressures on the "people, vehicle, and cargo" segments [5]. - Current new energy transition solutions in the market often involve "oil-to-electric" conversions, which have revealed shortcomings such as poor comfort, range anxiety, and high energy consumption [5]. Group 3: Product Features and Innovations - The "Qixing Star" platform features a central distributed drive architecture with a total efficiency of 95.7%, significantly reducing energy consumption [7]. - It incorporates a comprehensive vehicle integration control architecture that supports L2-level assisted driving and can be upgraded to L4-level, with real-time vehicle response and OTA updates [7]. - The intelligent chassis architecture enhances product performance, featuring a unique high-pressure energy storage brake system with a response time of just 0.1 seconds [7]. - The platform achieves significant breakthroughs in six dimensions, including energy consumption reduction by 6 kWh per 100 km, a range of 607 km for the 165 kWh version, and a fast charging capability from 20% to 80% in 18 minutes [9]. - Safety features include a heavy-duty "shield body" structure with a 36% increase in torsional stiffness and a high-strength steel ratio of 51% [9]. - Comfort is enhanced with a spacious cabin design, including a 49° steering wheel angle and a large storage space of 270 liters [9]. - The vehicle's reliability is improved with over 40% of parts made from galvanized steel and advanced corrosion protection techniques, ensuring a lifespan of 7-10 years [9].