理想汽車是中國新能源汽車市場的領導者。本公司設計、研發、製造和銷售豪華 智能電動車。理想汽車的使命是「主動積極，改變世界」。通過產品、技術和業務 模式的創新，本公司為家庭用戶提供安全、便捷、舒適的產品與服務。在中國， 理想汽車是成功將增程式電動車商業化的先驅，並在堅持此技術路線的同時打造 純電動平台。本公司運用科技為用戶創造價值，自主研發工作主要集中在其特有 的增程系統，創新的電動汽車技術以及智能汽車解決方案。理想汽車於2019年 11月開始量產。現有車型包括一款家庭科技旗艦MPV、四款理想L系列增程電動 SUV、兩款理想i系列純電動SUV。本公司將持續擴展產品線，進而拓寬用戶群 體。 有關更多資料，請瀏覽： https://ir.lixiang.com 。 理想汽車 （於開曼群島註冊成立以不同投票權控制的有限責任公司） （股份代號：2015） 自願公告 2026年1月交付更新資料 於2026年2月1日，中國新能源汽車市場的領導者理想汽車（「理想汽車」或「本公 司」）（納斯達克：LI；香港交易所：2015）宣佈，2026年1月，理想汽車交付新車 27,668輛。截至2026年1月31日，理想汽車歷史累計交付量 ...

Investment Rating - The report rates the automotive industry as "Outperform" [3] Core Insights - The approval of L3 level conditional autonomous driving vehicles marks a significant milestone, with Huawei's partnered electric vehicle models, Arcfox Alpha S5 and Changan Deep Blue SL03, set to conduct road trials in designated areas [3] - Huawei's automotive business is transitioning from a technology enabler to a system-level platform company, with smart technology becoming a competitive differentiator in the automotive sector [3] - The report highlights Huawei's comprehensive ICT capabilities, which extend to the automotive sector, creating a collaborative platform that integrates smart driving, smart cockpit, and electric components [3][7] Summary by Sections ICT Full-Stack Capability - Huawei is accelerating its transition to a platform monetization phase, predicting that by 2030, 82% of new car sales in China will be electric vehicles, with a 30% adoption rate of L3 and above autonomous driving [7] - The company focuses on core modules such as smart driving, smart cockpit, vehicle control, electric drive, and ultra-fast charging, positioning itself as a full-stack intelligent automotive solution provider [7] Smart Driving: ADS 4.0 and WEWA Architecture - The ADS 4.0 system utilizes a multi-sensor fusion approach to achieve nationwide intelligent driving capabilities without relying on high-definition maps [15] - The system has demonstrated significant improvements, including a 50% reduction in end-to-end latency and a 20% increase in traffic efficiency [15] Smart Cockpit: HarmonyOS Building the In-Car Interaction Ecosystem - Huawei's HarmonyOS is designed to create a distributed operating system that enhances cross-device collaboration, aiming to upgrade user experience in smart cockpits [24][28] - The system is expected to support a vast number of IoT devices, with projections indicating a tenfold increase in global IoT connections by 2030 [24] Electric Drive System: DriveONE Advantages - Huawei's DriveONE platform is noted for its high integration and efficiency, with a peak efficiency of 98% and a rapid charging capability that allows for 215 kilometers of range in just five minutes [36] - The platform supports a wide range of vehicle classes and is designed to reduce costs and improve performance through advanced technology [36] Huawei's Collaboration Model and Outlook - Huawei employs three main collaboration models with automotive partners: component supply, full-stack solutions, and deep involvement in product definition and user experience [44] - The report anticipates that vehicles equipped with Huawei's ADS and HarmonyOS will have a competitive edge in the market, particularly in the high-end segment [3][44]

Core Viewpoint - The article discusses the launch of the first engineering prototype of the Yijing brand, marking a significant step towards mass production and highlighting the collaboration with Huawei's QianKun ecosystem for smart vehicle technology [4][5][8]. Group 1: Engineering Prototype Development - The first engineering prototype of Yijing was officially launched on December 22, 2025, indicating the project has entered a critical testing phase [4]. - This prototype serves as a key vehicle for validating the overall vehicle platform performance and deploying advanced driving assistance capabilities [8]. - The Yijing project, a collaboration between a state-owned automotive enterprise and Huawei QianKun, has progressed rapidly due to the integration of traditional automotive manufacturing expertise and Huawei's advanced technology [8][9]. Group 2: Smart Features and Market Position - The upcoming flagship SUV from Yijing will feature Huawei QianKun's smart driving and HarmonyOS cockpit, enhancing user experience beyond basic transportation [9]. - Huawei QianKun's smart driving solution has been validated through extensive real-world data, with over 10 million units sold in November 2025 alone, showcasing its reliability and maturity [14]. - The integration of proven technology allows Yijing to offer a stable and mature smart experience from the outset, reducing the need for extensive trial and error in development [15]. Group 3: User-Centric Approach - Yijing emphasizes a user-centric philosophy, actively involving potential users in the brand and product development process, which has led to hundreds of user-driven optimizations [19][20]. - The brand aims to create a "growing" automotive brand by fostering a strong relationship with users, ensuring that products evolve with family needs [20]. - This collaborative approach is expected to build a competitive edge in the family-oriented smart automotive market, making it difficult for competitors to replicate [20][21]. Group 4: Future Challenges and Expectations - The launch of the engineering prototype is just the beginning; Yijing must undergo multiple rounds of validation to ensure the integration of Huawei QianKun's capabilities translates into tangible user benefits [21]. - As the Beijing Auto Show approaches in April 2026, Yijing is expected to reveal more information about its first model and user experience [21].

Core Insights - Huawei's QianKun ecosystem conference showcased new automotive brands "Qijing" and "Yijing," developed in collaboration with GAC and Dongfeng, indicating a potential new cooperative model in the automotive industry [2][7]. Group 1: Huawei QianKun Overview - Huawei QianKun, launched on April 24, 2024, is a new smart automotive solution brand that has partnered with 14 automakers by October 2025, covering a wide range of vehicle types from 150,000 to 1,000,000 yuan [4]. - The QianKun intelligent driving system and Harmony cockpit have been integrated into 33 mass-produced models, showcasing versatility in powertrains including pure electric, range-extended, and hybrid options [4]. Group 2: Sales and Technology Developments - In October, vehicles equipped with QianKun intelligent driving systems achieved sales exceeding 100,000 units [5]. - The upcoming ADS Pro will feature the Limera laser vision sensor, enhancing urban navigation capabilities, with expectations for over 20 models to incorporate this technology next year [5]. Group 3: Brand Collaborations - The "Yijing" brand, developed with Dongfeng, will unveil its first model at the Beijing Auto Show in April 2026, with plans for at least one new model each year [7]. - The "Qijing" brand, in collaboration with GAC, aims to launch two models in 2026, with the first coupe model expected to be delivered by June next year [7]. - Huawei's previous collaboration models focused on component supply and solutions, but the new "Qijing" and "Yijing" brands represent a deeper integration of Huawei's technology into the automotive experience [7]. Group 4: Expanded Partnerships - Avita has deepened its collaboration with Huawei, transitioning from the HI model to the HI Plus model, which will enhance cooperation in product development, marketing, and ecosystem services [8].

Core Insights - FAW Hongqi has officially confirmed its partnership with Huawei during the Huawei QianKun Ecological Conference [1] - The collaboration will see the launch of a new model next year that incorporates Huawei's full-stack solutions, including QianKun Intelligent Driving, HarmonyOS Cockpit, QianKun Vehicle Control, and QianKun Cloud Services [1] Group 1 - FAW Hongqi's partnership with Huawei marks a significant step in the automotive industry, focusing on advanced technology integration [1] - The new model set to launch next year will leverage Huawei's comprehensive automotive solutions, indicating a shift towards more intelligent vehicle features [1]

Group 1 - The core point of the article is that Huawei and GAC Group are launching a new automotive brand called "Qijing," which will be officially unveiled at the Huawei QianKun Ecological Conference on November 20 [1][5]. - "Qijing" is the first project under Huawei's QianKun "Jing" series, indicating that more automotive brands under this series will be developed in collaboration with other car manufacturers in the future [3][5]. - The new brand "Qijing" will focus on the high-end smart electric vehicle market, specifically targeting vehicles priced above 300,000 yuan, with GAC responsible for manufacturing and Huawei providing comprehensive smart solutions [4][6]. Group 2 - The first model under the "Qijing" brand is expected to be launched in mid-2026, emphasizing a stylish, technological, and sporty design [4]. - Huawei's automotive collaboration has primarily involved three models: component supply, HarmonyOS intelligent driving, and the "Hi" model, with recent discussions indicating a potential exploration of new collaboration models [6]. - Huawei QianKun, launched on April 24, 2024, focuses on smart driving solutions and has established partnerships with eight major state-owned automotive companies, as well as other brands like BYD and Audi [6].

Core Viewpoint - Huawei Technologies Co., Ltd. has successfully registered the trademark "Hongmeng Zhixiang," classified under category 9 for scientific instruments, indicating its expansion into the smart automotive solutions market [1][2]. Group 1: Trademark Registration Details - The trademark "Hongmeng Zhixiang" has been registered with application number 82056894A and is categorized as a regular trademark [2]. - The application date for the trademark was November 19, 2024, with the initial examination announcement scheduled for May 20, 2025 [2]. - The trademark is expected to be registered for a period of three years, with the registration expiration date set for August 21, 2028 [2]. Group 2: Business Implications - "Hongmeng Zhixiang" represents Huawei's initiative to provide intelligent automotive solutions, leveraging the Hongmeng operating system and advanced smart technologies to enhance user experience in terms of intelligence, convenience, and safety [1][2].

Core Viewpoint - Geely is integrating its internal autonomous driving teams under the "One Geely" strategy, merging teams from Zeekr, Geely Research Institute, and Qianli Intelligent Driving into a single entity called Qianli Intelligent Driving, which will have nearly 3,000 employees [1][3][4] Group 1: Team Integration and Leadership - The integration involves key personnel changes, with Wang Jun appointed as CEO and Chen Qi as co-CEO of Qianli Intelligent Driving, both having previous experience at Huawei [1][3] - The restructuring aims to consolidate platform departments while maintaining project-based operations, indicating potential layoffs due to overlapping roles [3][4] Group 2: Strategic Goals and Market Focus - Qianli Intelligent Driving is positioned to replicate the success of Huawei's automotive business unit, with a focus on overseas markets rather than competing directly in the domestic market [4][5] - The company aims to leverage Geely's existing customer base and sales targets, which include a goal of reaching 3 million annual sales [5][6] Group 3: Technological Development and Product Offerings - Qianli Intelligent Driving plans to develop a range of autonomous driving solutions, including L2+ and L3 level systems, with the first product launch scheduled for late 2024 [15][16] - The company has already released Qianli Intelligent Driving 1.0, which includes various configurations with computing power ranging from 100 Tops to 700 Tops [14][13] Group 4: Historical Context and Future Outlook - Qianli Technology, the parent company of Qianli Intelligent Driving, was previously known as Lifan Technology and underwent significant restructuring after Geely's investment in 2020 [2][11] - The strategic shift towards AI and autonomous driving solutions is supported by partnerships with key players in the industry, including the establishment of a computing alliance [12][13]

關於理想汽車 理想汽車是中國新能源汽車市場的領導者。本公司設計、研發、製造和銷售豪華 智能電動車。理想汽車的使命是「創造移動的家，創造幸福的家」。通過產品、技 術和業務模式的創新，本公司為家庭用戶提供安全、便捷、舒適的產品與服務。 在中國，理想汽車是成功將增程式電動車商業化的先驅，並在堅持此技術路線的 同時打造純電動平台。本公司運用科技為用戶創造價值，自主研發工作主要集中 在其特有的增程系統，創新的電動汽車技術以及智能汽車解決方案。理想汽車於 2019年11月開始量產。現有車型包括一款家庭科技旗艦MPV、四款理想L系列增 程電動SUV、一款理想i系列純電動SUV。本公司將持續擴展產品線，進而拓寬用 戶群體。 有關更多資料，請瀏覽： https://ir.lixiang.com 。 1 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 Li Auto Inc. 理想汽車 （於開曼群島註冊成立以不同投票權控制的有限責任公司） （股份代號：2015） 自願公告 ...

Core Insights - Huawei's Intelligent Automotive Solutions Business Unit (BU) plans to invest over 10 billion yuan in R&D for 2024, employing 8,000 R&D personnel [1] - The company has collaborated on over 22 vehicle models, covering various segments including mid-to-high-end, pure electric, range-extended, hybrid, and fuel vehicles, as well as multiple vehicle types such as sedans, SUVs, MPVs, and off-road vehicles [1] - More than 80% of domestic automakers have chosen Huawei's QianKun technology, indicating a strong market presence, with new vehicles featuring QianKun components expected to be released frequently [1]