FOTON(SH:600166) Zhong Zheng Wang·2026-01-17 08:00Core Viewpoint - Beijing Hyundai is deepening its strategic cooperation with Hyundai Motor, focusing on the transformation towards new energy vehicles and enhancing competitiveness in the high-end market [1][2] Group 1: Strategic Cooperation - A high-level meeting was held between Zhang Jianyong, Chairman of BAIC Group, and José Munoz, CEO of Hyundai Motor, resulting in multiple agreements to strengthen collaboration [1] - The cooperation aims to inject new momentum into Sino-Korean automotive industry collaboration, recognizing the importance of the Chinese market [1] Group 2: Market and Product Strategy - Beijing Hyundai has achieved over 12 million users in 23 years and aims to sell 210,000 vehicles by 2025, with six consecutive months of positive growth [2] - The company plans to launch two new energy vehicle models in 2026, equipped with L2+ level driving assistance systems, as part of its "Smart Start 2030 Plan" [2] - Future strategies include a focus on localized operations, integrating local technology and supply chains, and advancing a diverse range of new energy products [2] Group 3: Support and Resources - Hyundai Motor will enhance its support for Beijing Hyundai by providing advanced electric and intelligent technologies and sending expert teams [1] - BAIC Group will open core resources and establish a joint R&D platform, while leveraging its brand and channels for comprehensive marketing support [1]