Core Viewpoint - Chasing Technology is actively pursuing the automotive sector, planning to launch its first ultra-luxury electric vehicle by 2027, which will compete with Bugatti Veyron [1] Group 1: Automotive Strategy - Chasing Technology has established two brands for its automotive business: Chasing Automotive, focusing on Bugatti competitors, and Starry Sky Automotive, targeting models like Cullinan and Bentley [1][3] - The company has conducted weekly design votes for car styling, indicating a serious commitment to refining vehicle aesthetics since late 2024 [1][2] - The CEO, Yu Hao, has emphasized the importance of self-designed models and has outlined specific configurations for the Bentley competitors, including four models with price ranges from 269,900 to 589,900 CNY [5][6] Group 2: Team and Talent Acquisition - Chasing Automotive has built a cross-industry talent team, incorporating experts from both smart hardware and traditional automotive manufacturing [2] - The company has opened various positions on job platforms, signaling its serious approach to entering the automotive market [2] Group 3: Financing and Partnerships - Chasing Automotive recently completed its first round of financing, setting a record for the fastest fundraising among new automotive companies in China [2] - The company has announced a partnership with BNP Paribas to establish a factory in Germany, strategically located near Tesla's Berlin Gigafactory [8] Group 4: Intellectual Property and Innovation - As of the end of 2024, Chasing Technology has filed a total of 6,379 patents globally, with 45% being invention patents in key areas such as sensor fusion and electric motor control [10] Group 5: Broader Business Vision - The company aims to position itself alongside Huawei and Xiaomi in the high-end smartphone market, with a focus on premium products priced above 5,000 CNY [12] - Chasing Technology is also expanding into home appliances and other sectors, with plans for multiple IPOs across its various business units starting next year [14]