LENOVO GROUP(HK:00992) IPO早知道·2025-05-09 01:40Core Viewpoint - Lenovo Capital has been deeply involved in machine intelligence for over 10 years, investing in more than 50 related companies, and is poised to enter a new decade of integration with smart mobility [2][4][5]. Investment and Industry Trends - Since its inception, Lenovo Capital has consistently believed in the significant role of machine intelligence in future industrial transformations, having invested in various sectors including core robotic components, mechanical arms, humanoid robots, new energy vehicles, and smart transportation [5]. - In early 2023, industry research indicated that autonomous driving technology is maturing, with opportunities for talent and technology to spill over into the field of embodied intelligence, suggesting a deeper integration of machine intelligence and smart mobility in the coming years [5]. - The advancements in end-to-end algorithm models, significant reductions in the cost of perception components, and improvements in domestic computing power platforms are driving autonomous driving from a luxury to a standard safety feature [5]. Technological Evolution and Commercialization - The past two years have seen an influx of top-tier research talent into the field, driving progress in four core technological elements: data, algorithms, computing power, and low-cost hardware [6]. - The evolution of core technologies aims to achieve three critical functions: navigation, mobility, and manipulation, which are essential for the application of embodied intelligence across various scenarios [7]. - The commercial application of embodied intelligence is expected to expand from existing practices in robotics to various B2B industries, with 2023 potentially marking the year of embodied intelligence's entry into factories, particularly in complex automotive industrial scenarios [7][8]. Competitive Advantages in China - The rapid development of embodied intelligence in China is attributed to its vast potential, supported by a robust industrial ecosystem, abundant low-cost energy, efficient research infrastructure, and a high-quality engineering workforce [8]. - China's unique competitive advantages include a wide range of application scenarios, innovation in components, and large-scale production capabilities, along with opportunities for international expansion [8]. Collaborative Ecosystem - Lenovo Capital emphasizes a "dual empowerment" strategy with its invested companies, leveraging Lenovo's resource advantages to support their growth while also seeking innovative ideas from them to enhance Lenovo's own development [9]. - As a leading global smart terminal company, Lenovo aims to play a pivotal role in the ecosystem of embodied intelligence, collaborating with partners to drive innovation and explore new frontiers in the field [9].