Group 1 - The core point of the news is that Chasing Technology has successfully completed its first round of financing for its automotive venture, potentially becoming the fastest car manufacturer to achieve this milestone [2][3] - Chasing Technology's first electric vehicle is positioned as a super luxury model aimed at competing with Bugatti Veyron, with plans for a 2027 launch [3][4] - The company is establishing a factory in Germany, which will be 1.2 times the size of Tesla's Berlin factory, marking a significant step for a Chinese tech company in high-end manufacturing in Europe [2][6] Group 2 - The decision to enter the automotive industry is based on a long-term strategy, with plans dating back to 2013, indicating a serious commitment rather than a fleeting trend [4][5] - The automotive industry, particularly the electric vehicle sector, presents a vast market opportunity, especially as traditional luxury brands lag in electrification and smart technology [4][5] - Chasing Technology aims to leverage its technological expertise and existing high-net-worth customer base to penetrate the super luxury electric vehicle market [7][8] Group 3 - The new factory in Germany will allow Chasing Technology to tap into a local supply chain of over a thousand parts suppliers, enhancing efficiency and reducing costs [6][9] - The company has a strong patent portfolio, with 6,379 global patent applications and 3,155 granted patents, showcasing its technological capabilities [7][9] - Chasing Technology's existing global network includes over 6,000 retail locations and 11 million members, providing a solid foundation for market entry [8][9] Group 4 - The automotive team has grown to nearly 1,000 members, combining expertise from both technology and traditional automotive sectors, which is crucial for the project's success [9][10] - The global electric vehicle market is experiencing significant growth, with a 27% year-on-year increase in sales, indicating a favorable environment for Chasing Technology's entry [9][10] - The company aims to capitalize on China's advanced automotive supply chain and technology to establish a strong presence in the global super luxury automotive market [10]