Core Viewpoint - Chasing Technology is actively entering the automotive industry, planning to launch its first ultra-luxury electric vehicle by 2027, targeting the Bugatti Veyron as a benchmark [2] Group 1: Automotive Strategy - Chasing Technology holds weekly votes on car design proposals, indicating a strong commitment to refining vehicle aesthetics since late 2024 [2] - The automotive division is split into two brands: Chasing Automotive, focusing on Bugatti-like models, and Starry Sky Automotive, targeting models comparable to Cullinan and Bentley [2][4] - The CEO emphasizes that the Bugatti-like model will have both electric and range-extended versions, with a debut at the CES in the US by the end of the year [3] Group 2: Team and Talent Acquisition - A cross-industry talent team has been assembled, including core R&D personnel from smart hardware and traditional automotive manufacturing experts [3] - Chasing Technology has opened various positions on job platforms, indicating serious intentions in the automotive sector [3] Group 3: Product Development and Pricing - The CEO has outlined plans for a Bentley-like model with a wheelbase of 3.2m, with four configurations priced between 269,900 to 589,900 CNY, directly competing with Ideal and Aito models [6][7] - The D10 model is planned with a larger wheelbase, aiming for a higher price segment, with a potential price increase of at least 100,000 CNY due to the extended dimensions [7] Group 4: Manufacturing and Supply Chain - Chasing Technology has announced a partnership with BNP Paribas to build a factory in Germany, strategically located near Tesla's Berlin Gigafactory, benefiting from a robust supply chain [9] Group 5: Intellectual Property and Market Position - As of the end of 2024, Chasing Technology has filed 6,379 patents globally, with 45% being invention patents in key areas of electric vehicle technology [11] - The company has reported significant growth in its mobile phone business, aiming to compete with Huawei and Xiaomi in the high-end market [12] Group 6: Future Plans and IPO Strategy - Chasing Technology plans to expand into various sectors, including home appliances, with the goal of becoming a comprehensive multi-business company [14] - The CEO has indicated that multiple business units will be prepared for IPOs on global exchanges starting from the end of next year [14]

Core Viewpoint - Recently, Chasing Technology has been actively pursuing the automotive sector, announcing its first ultra-luxury electric vehicle aimed at competing with Bugatti Veyron, set to debut in 2027 [1] Automotive Development - Chasing Technology holds weekly votes on car design proposals, having conducted 38 rounds so far, indicating that the refinement of car designs began as early as the end of 2024 [1] - The automotive division is split into two brands: Chasing Automotive, which focuses on the Bugatti competitor, and Xingkong Automotive, which targets models comparable to Cullinan and Bentley [1][2] - The CEO, Yu Hao, emphasizes the need for self-designed and developed models, with the Bugatti competitor named "Chasing-Bugatti" [2] - A team has been assembled that includes experts from both smart hardware and traditional automotive manufacturing sectors [3][2] - The company has announced the completion of its first round of financing, setting a record for the fastest fundraising among new automotive enterprises in China [2] Product Configuration and Pricing - The Bugatti competitor will have both electric and range-extended versions, with its design and interior already finalized, set to debut at the CES in the U.S. by the end of the year [2] - Yu Hao has outlined plans for four configurations of a Bentley competitor, with pricing ranging from 269,900 to 589,900 yuan, targeting various models from Li Auto and AITO [5] - The D10 model is planned with a wheelbase of 3.3m to 3.4m, aiming for the high-end market, with a price increase of at least 100,000 yuan for a 10cm increase in wheelbase [4] Strategic Partnerships and Manufacturing - Chasing Automotive has partnered with BNP Paribas to build a factory in Germany, strategically located near Tesla's Berlin Gigafactory, benefiting from a robust supply chain [7] Intellectual Property and Market Position - As of the end of 2024, Chasing Technology has filed 6,379 patents globally, with 45% being invention patents, covering key areas in electric vehicle technology [8] - The company has reported significant growth, with revenue for the first half of 2025 surpassing the total for 2024, indicating a leap in performance [8] Broader Business Strategy - Chasing Technology aims to establish itself as a comprehensive company beyond just cleaning appliances, with plans to enter various sectors including large appliances and electronics under the MOVA brand [10] - The CEO envisions a multi-business ecosystem, with intentions to pursue multiple IPOs as the company expands into various fields [10]

Core Viewpoint - Chasing Technology is actively entering the automotive sector, planning to launch its first ultra-luxury electric vehicle by 2027, which will compete with the Bugatti Veyron [2] Group 1: Automotive Strategy - Chasing Technology's founder and CEO, Yu Hao, is deeply committed to the automotive venture, dividing the car business into two brands: Chasing Automotive and Starry Sky Automotive [3] - The Chasing Automotive brand aims to develop models that directly compete with Bugatti, with internal naming as "Chasing-Bugatti," offering both electric and range-extended versions [4] - The company has established a cross-industry talent team for automotive development, including experts from traditional vehicle manufacturing and core personnel from its smart hardware business [4] Group 2: Product Development - The company has conducted 38 rounds of design voting for vehicle styling, indicating a serious commitment to refining the car's appearance since late 2024 [3] - The planned models include a 3.2m wheelbase Bentley competitor with four configurations, priced between 269,900 to 589,900 yuan, aimed at outperforming competitors like Ideal Auto [7] - The first model, targeting the Bugatti segment, is set to debut at the CES exhibition in the U.S. at the end of the year [4] Group 3: Manufacturing and Partnerships - Chasing Automotive has announced a partnership with BNP Paribas to build a factory in Germany, strategically located near Tesla's Berlin Gigafactory, benefiting from a robust supply chain [9] - The company has applied for 6,379 patents globally, with 45% being invention patents covering key areas in electric vehicle technology [11] Group 4: Market Positioning - Chasing Technology has reported significant growth, with 2025's first-half revenue exceeding the total for 2024, indicating a strong market position [12] - The company aims to establish itself alongside Huawei and Xiaomi in the high-end smartphone market, focusing on premium products priced above 5,000 yuan [12] - The brand MOVA is also set to expand into major appliances and electronics, aiming to surpass competitors like Roborock and Ecovacs [14]