LI AUTO(US:LI) Zhong Guo Jing Ji Wang·2025-10-27 04:18Core Insights - The article highlights the journey of Yihang Intelligent, a relatively unknown autonomous driving company, which has successfully navigated the challenges of the industry over the past decade by focusing on practical solutions rather than chasing trends [1] Group 1: Company Background - Yihang Intelligent was founded by four technology enthusiasts and has adopted a dual strategy of "full-stack technology + engineering mass production" to establish a foothold in the autonomous driving sector [1] - The company initially faced skepticism from investors due to its lack of high-profile founders and prestigious academic endorsements [3] Group 2: Key Milestones - In 2016, Yihang completed a critical road test from Changchun to Beijing, which led to investment from Li Auto and secured its first mass production project, the Li ONE [3][4] - Yihang took over the full development of the Li ONE project after the original supplier exited the autonomous driving business, demonstrating its commitment to in-house development [4] Group 3: International Expansion - Yihang gained recognition in the European market through a partnership with Renault, overcoming initial skepticism regarding its technology [6] - The company successfully passed rigorous testing for its Automatic Emergency Braking (AEB) system, achieving a five-star rating from the European New Car Assessment Programme (ENCAP) [7] Group 4: Recent Developments - Yihang developed the high-level Navigation Assisted Driving (NOA) feature for the SAIC Maxus G90, marking it as the first MPV in China to feature NOA [8][9] - The company secured significant funding during a challenging period for the industry, indicating strong investor confidence in its technical capabilities and market potential [9]