福特汽车于周三宣布，将于 2028 年推出3 级驾驶辅助系统，该系统可支持驾驶员在特定高速公路路段 行驶时，双手脱离方向盘且视线不必紧盯路面。 福特方面表示，这项技术将率先搭载于其全新电动车型平台，该平台由加州专项团队研发，未来计划拓 展至更多车型。该平台下的首款车型为一款中型电动皮卡，预计于 2027 年上市，目标售价 3 万美元， 将配备目前福特其他车型均未搭载的先进软件系统。 不过，福特并未透露该平台下哪一款车型会率先搭载这套高级驾驶辅助软件。 福特电动汽车、数字化及设计业务首席官道格・菲尔德在接受路透社采访时称，这套 3 级系统不会作为 3 万美元售价车型的标配功能，而是将以选装形式提供，具体加价金额尚未确定。 菲尔德表示："我们也在深入研究该功能的商业模式。它应该采用订阅制收费？还是让消费者一次性买 断？目前我们的核心目标是让这项技术足够亲民，对此我们满怀信心。定价方案还有充足的时间去敲 定。" 这家总部位于密歇根州迪尔伯恩的车企正致力于自主研发这套系统，减少对供应商的依赖。此举旨在降 低成本、加快向用户推送系统更新的速度，并改善产品质量 —— 后者一直是福特长期面临的痛点。 通用汽车曾于去年 10 ...

Core Viewpoint - 福瑞泰克 (Zhejiang Furuitek Intelligent Technology Co., Ltd.) has submitted an application for listing on the Hong Kong Stock Exchange, aiming to capitalize on the growing demand for advanced driver assistance systems (ADAS) in the automotive industry [2]. Company Overview - 福瑞泰克 is a supplier of high-level driving assistance solutions, having established partnerships with 51 OEMs and over 380 designated projects, with more than 290 mass production projects as of June 30, 2025 [2][3]. - The company holds a 7.2% market share in the L0 to L2 (including L2+) driving assistance solutions segment in China, making it the second-largest third-party supplier in this category [2]. Product Offerings - 福瑞泰克 provides comprehensive soft and hard integrated driving assistance solutions, including FTPro, FTMax, and FTUltra, designed to enhance user safety and comfort [2][3]. - The solutions cater to various driving scenarios, including highway and urban driving, and parking, with FTPro supporting L0 and L1 automation primarily for commercial vehicles, while FTMax and FTUltra are designed for passenger vehicles [3]. Competitive Advantage - The company leverages its ODIN platform, which consists of four key technology modules: advanced controllers, powerful sensors, robust software and algorithms, and a data closed-loop platform, providing a competitive edge in system integration and scalability [5][6]. - 福瑞泰克's solutions are difficult for competitors to replace due to the significant resource investment required for development and production, as well as the proprietary support from the ODIN architecture [7]. Market Opportunity - The Chinese market for driving assistance solutions is projected to reach RMB 223.9 billion by 2029, with L2-level solutions expected to grow from RMB 45.2 billion in 2024 to RMB 65.7 billion by 2029 [9]. - The market for L2+ level solutions is anticipated to increase from RMB 35.7 billion in 2024 to RMB 152.3 billion by 2029, driven by the deployment of advanced features in mid to high-end vehicles [9]. Client Relationships - 吉利控股集团 has been a significant client for 福瑞泰克, accounting for 19.7%, 43.3%, 59.4%, and 76.0% of total revenue for the years ending December 31 for 2022, 2023, 2024, and the six months ending June 30, 2025, respectively [10]. Financial Performance - 福瑞泰克 has demonstrated strong revenue growth, with revenues increasing from RMB 328 million in 2022 to RMB 1.283 billion in 2024, and from RMB 312 million in the first half of 2024 to RMB 928 million in the first half of 2025 [11]. - The company reported gross profits of RMB 20.4 million, RMB 65.8 million, RMB 143 million, RMB 18.8 million, and RMB 122 million for the respective periods, with gross margins of 6.0% and 13.1% for the first half of 2024 and 2025 [11]. Use of IPO Proceeds - The net proceeds from the IPO are intended for enhancing R&D of driving assistance solutions, expanding production capabilities, increasing sales and service networks, and general corporate purposes [11].

香港聯合交易所有限公司與證券及期貨事務監察委員會對本申請版本的內容概不負責，對其準確性或完整 性亦不發表任何意見，並明確表示概不就因本申請版本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。 Freetech (Zhejiang) Intelligent Technology Co., Ltd. 福瑞泰克（浙江）智能科技股份有限公司 （「本公司」） （於中華人民共和國註冊成立的股份有限公司） 的申請版本 警告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）與證券及期貨事務監察委員會（「證監會」）的要求 而刊發，僅用作提供資訊予香港公眾人士。 本申請版本為草擬本，其內所載資料並不完整，亦可能會作出重大變動。 閣下閱覽本文件，即代表 閣 下知悉、接納並向本公司、其保薦人、整體協調人、顧問或包銷團成員表示同意： 本公司招股章程根據香港法例第32章公司（清盤及雜項條文）條例與香港公司註冊處處長登記前，本公司 不會向香港公眾人士提出要約或邀請。倘於適當時候向香港公眾人士提出要約或邀請，準投資者務請僅依 據呈交香港公司註冊處註冊的本公司招股章程作出投資決定；有關文本將於發售期內向公眾刊發。 ...

Core Insights - The 2025 Shanghai International Auto Show, themed "Embrace Innovation, Win the Future," highlights China's automotive industry's shift from electrification to intelligence, reshaping the global competitive landscape [1] Technological Trends - Breakthroughs in new energy technologies were showcased, including the mass production of solid-state batteries with energy density exceeding 400Wh/kg and 800V high-voltage platforms becoming standard [1] - The Ideal i8 supports ultra-fast charging, allowing for 400 kilometers of range in just 10 minutes, while GAC's hydrogen fuel cell vehicles achieve over 800 kilometers of range [1][2] - Driving assistance technologies are entering mass production, with various companies integrating advanced systems, making them standard across both new and traditional automotive brands [2] Market Competition Landscape - Chinese automakers are leveraging technological advantages to penetrate the high-end market, with significant sales growth in electric vehicles priced above 300,000 yuan, which increased by 12 percentage points year-on-year [3] - Traditional automakers are accelerating their transition to electric platforms, with many adopting local technologies and enhancing their offerings with advanced driving assistance systems [3] New Forces and Brand Dynamics - The market is witnessing a polarization among new entrants, with leading companies establishing ecological barriers while weaker brands face financial challenges [4] - User experience is evolving, with vehicles transforming into smart terminals, featuring multi-modal interactions and personalized environments [4] Industry Implications - The Shanghai Auto Show signals a new era, with Chinese brands leading in multiple fields, a shift in supply chain roles, and an upgrade in user experience [4] - The automotive market is expected to see a significant increase in the share of L2+ level vehicles, projected to reach 65%, indicating a growing emphasis on advanced driving assistance features [4]