Core Viewpoint - The sudden announcement by Haomo Zhixing, a subsidiary of Great Wall Motors, to stop all employees from working starting November 24 has raised concerns about the company's potential dissolution and lack of communication regarding employee compensation and future plans [1][3]. Company Overview - Haomo Zhixing, established in 2019, was the first company in China to achieve mass production of autonomous driving technology, focusing on three main areas: passenger car intelligent assisted driving, last-mile logistics delivery vehicles, and smart hardware [3]. - The company had received significant investments, totaling approximately 2 billion yuan, and reached a valuation of over 1 billion USD after its Series A funding in 2021, peaking at a valuation of over 10 billion yuan [3]. Recent Developments - The company launched three affordable intelligent assisted driving products in October 2023, but has faced delays in the rollout of its urban NOH feature, leading to speculation about its operational viability [3][4]. - Great Wall Motors has begun to rely on external supplier Yuanrong Qihang for end-to-end intelligent driving technology solutions, indicating a shift in strategy and a potential decline in Haomo Zhixing's importance within the group [4]. Financial and Operational Challenges - The new model, Blue Mountain, has seen rapid sales growth, with over 8,571 units sold within 24 hours of launch, and a monthly sales increase of over 200% year-on-year [4]. - However, Haomo Zhixing has been experiencing internal turmoil, including layoffs and a lack of clarity regarding employee compensation, leading to a trust crisis among staff [5][6]. Employee Relations - Employees have expressed concerns over unpaid bonuses and delayed salaries, with reports of high-level executives leaving the company amid growing dissatisfaction [5][6]. - There is an expectation for Haomo Zhixing to develop a responsible employee transition plan, with hopes that Great Wall Motors will provide support during this challenging period [6].

Core Viewpoint - The article discusses the sudden operational halt of the autonomous driving startup, Haomo Zhixing Technology Co., Ltd., highlighting employee concerns and the company's precarious situation amid industry challenges [1][3][11]. Company Situation - On November 22, Haomo Zhixing announced a "work stoppage" starting November 24, leaving employees anxious and without clear communication from management regarding future operations [3][4]. - Employees reported that the company had not addressed critical issues such as salary payments and social security contributions, leading to uncertainty about their employment status [4][6]. - There are rumors that the company's accounts have been frozen, further exacerbating employee anxiety about their financial security and social security payments [6]. Employee Concerns - Employees expressed a desire for either a clear plan for the company's revival or a formal announcement of dissolution with compensation details, including back pay and social security contributions [6]. - Many employees planned to wait until November 25, the scheduled payday for October salaries, to decide on their next steps based on the company's response [6]. Company Background - Haomo Zhixing was established in November 2019 as a spinoff from Great Wall Motors, having undergone seven rounds of financing with a valuation exceeding $1 billion [8]. - The company has developed several products, including the "Little Magic Camel" autonomous delivery vehicle and the MANA intelligent driving data system, but has faced operational challenges and dependency on Great Wall Motors for orders [8][9]. Industry Context - The autonomous driving sector is experiencing increased competition and a shift towards rationality after a period of capital frenzy, with many companies facing funding difficulties and operational stagnation [11]. - Great Wall Motors has begun to pivot resources towards external suppliers for high-level intelligent driving solutions, indicating a strategic shift that may impact Haomo Zhixing's future [11].

根据规划，iPilot4Plus将搭载于该品牌的旗舰级SUV和公路旅行SUV，覆盖燃油车型与混动车型，并将 于2026年陆续量产交付。此次合作，是基于双方既有合作的深化与拓展，体现出客户对佑驾创新技术研 发、产品性能与规模化交付能力的高度认可。 据悉，iPilot4Plus搭载地平线征程6M芯片，具有128TOPS高效算力，支持NOA、记忆行车、记忆泊车等 用户高频使用的组合辅助驾驶功能。产品具有稳定可靠、高性能的核心优势，在复杂路况下仍能保持精 准感知与流畅响应，精准契合车企智能化升级需求，并为用户带来卓越的驾驶体验。 近日，佑驾创新(02431)宣布与某头部自主品牌再度达成合作，将为其旗下两款主力车型提供高性能辅 助驾驶域控制器iPilot4Plus。标志着佑驾创新在高阶辅助驾驶规模化落地进程中迈出关键一步，也将进 一步巩固了其在智能驾驶量产领域的领先地位。 在智能驾驶逐步迈入规模化落地阶段的背景下，成熟的工程化能力与可靠的交付体系成为行业竞争的关 键。截至2025年上半年，佑驾创新已累计为42家整车厂进行量产，形成构建起高效的研发体系与规模化 交付经验，成为多家车企实现ADAS系统的量产优选。 未来，公 ...

据悉，iPilot 4 Plus搭载地平线征程6M芯片，具有128TOPS高效算力，支持NOA、记忆行车、记忆泊车 等用户高频使用的组合辅助驾驶功能。产品具有稳定可靠、高性能的核心优势，在复杂路况下仍能保持 精准感知与流畅响应，精准契合车企智能化升级需求，并为用户带来卓越的驾驶体验。 智通财经APP获悉，近日，佑驾创新（02431）宣布与某头部自主品牌再度达成合作，将为其旗下两款 主力车型提供高性能辅助驾驶域控制器iPilot 4 Plus。标志着佑驾创新在高阶辅助驾驶规模化落地进程中 迈出关键一步，也将进一步巩固了其在智能驾驶量产领域的领先地位。 根据规划，iPilot 4 Plus将搭载于该品牌的旗舰级SUV和公路旅行SUV，覆盖燃油车型与混动车型，并将 于2026年陆续量产交付。此次合作，是基于双方既有合作的深化与拓展，体现出客户对佑驾创新技术研 发、产品性能与规模化交付能力的高度认可。 未来，公司将继续携手更多行业伙伴，以持续迭代的技术、开放共赢的理念，加速智能驾驶实现"从可 用到好用，从高端到普及"的产业进阶，让安全、智能、舒适的辅助驾驶惠及更多用户。 在智能驾驶逐步迈入规模化落地阶段的背景下，成熟 ...

Group 1: xAI and Strategic Financing - xAI completed a strategic financing round of $15 billion, with undisclosed investors, focusing on using AI to solve complex scientific and mathematical problems to "understand the universe" [1] - The company aims to leverage synergies with Elon Musk's other ventures like SpaceX and Tesla, enhancing its potential in the research field [1] Group 2: Zhuoyue Technology and Investment - Zhuoyue Technology secured a strategic investment of 3.6 billion RMB from China FAW, achieving a valuation exceeding 10 billion RMB [1][2] - The investment indicates strong recognition of its "Chengxing Platform" solution by top automotive manufacturers, providing a solid foundation for technology implementation and commercialization in the competitive smart driving sector [1] Group 3: Star Motion Era and Robotics - Star Motion Era completed an A+ round financing of 1 billion RMB, with investors including BAIC Investment and Geely Capital [3] - The company, incubated by Tsinghua University, focuses on humanoid robotics and represents a significant step from laboratory technology to industrial application, highlighting strong synergies with the automotive industry [3] Group 4: United Aircraft and Drone Technology - United Aircraft completed an E round financing, amounting to hundreds of millions RMB, with investors like Keli Investment and Yueda Group [4][5] - The company is a leader in the unmanned helicopter sector, emphasizing its strategic value in the low-altitude economy and its role in national aviation infrastructure [4] Group 5: SenseTime Medical and AI in Healthcare - SenseTime Medical raised several hundred million RMB in a Pre-A round financing, with investors including Legend Capital and Lenovo Ventures [6] - The company aims to commercialize advanced computer vision technologies in the healthcare sector through its SenseCare platform, which is crucial for the profitability of AI in medical applications [6] Group 6: Ling Universe and Companion Robots - Ling Universe secured 200 million RMB in Pre-A round financing, with investors including GF Xinde and Didi Chuxing [7] - The company focuses on developing companion robots for home and personal use, utilizing multi-modal AI interactions to meet emotional needs, representing a challenging yet promising market [7] Group 7: Accelerated Evolution and Robotics - Accelerated Evolution completed a B round financing of 100 million RMB, led by IDG Capital and Shenzhen Capital Group [8] - The company specializes in high-mobility robotic bodies and control platforms, addressing the practical application of humanoid robots in complex environments [8] Group 8: Ruisi Chip and RISC-V CPUs - Ruisi Chip raised several hundred million RMB in a B+ round financing, with investors including Renjun Capital and Huaxu Fund [9] - The company focuses on high-end CPU design based on the RISC-V architecture, aiming to break the dominance of ARM and x86 in high-performance computing [9] Group 9: Kalshi and Predictive Markets - Kalshi completed a strategic financing round of $1 billion, with investors including Andreessen Horowitz and Sequoia Capital [10][11] - The platform innovatively reshapes the predictive market model through compliant "event betting," reflecting significant market interest in its data-driven economic model [10] Group 10: Lambda Labs and AI Cloud Services - Lambda Labs raised $1.5 billion in an E round financing, with investors including TWG Global and the U.S. Innovation Fund [12] - The company provides on-demand AI computing cloud services, positioning itself as a key player in the AI infrastructure sector amid rising demand for specialized AI cloud computing services [12]

" 如果大股东长城施以援手，毫末智行或许不会快速陨落。 " 作者丨 王瑞昊 编辑丨 李雨晨 曾经的智驾明星公司，如今已陷入全面停摆传闻。 一位内部员工告诉雷峰网，这份停工通知由长城汽车派驻的人力负责人下达。 目前，毫末智行位于北京奥北科技园3号楼的办公场所已断网，房租、水电费、网费、取暖费也到期未缴 纳，"简单来说，长城派来的负责人已将所有审批全部驳回，理由很直接——公司没有钱了。" 有消息称，毫末智行的公司账户已于上周被冻结。 据雷峰网了解，毫末智行的公司全员群在1个月前被禁言，员工考勤组已被移除，无法使用钉钉打卡。毫 末智行保定分部的工区在长城汽车保定办公区域。 目前，毫末智行在职员工人数约为300人，"停工通知"中没有说明停工期限，也未说明员工薪资、社保公 积金以及赔偿的具体方式。 多位员工向雷峰网表示，"公司的主要问题在于，对员工完全不披露任何现状信息。10月、11月的社保未 缴纳，工资也持续拖欠。部分员工的劳动合同到期后未获续签，且不是提前一个月书面告知，而是提前一 周口头通知，且未给予任何补偿。" 更令多位员工无法接受的是，长城汽车至今未给出任何回复和意见。 2024年上半年，毫末拿到了现代的订单 ...

Core Insights - Yuanrong Qixing showcased multiple models equipped with its combined auxiliary driving solutions at the 2025 Guangzhou Auto Show, demonstrating the adaptability and scalability of its systems across various vehicle types including SUVs, MPVs, and off-road vehicles [1] - As of now, Yuanrong Qixing has delivered 200,000 mass-produced vehicles equipped with its City NOA (Navigation Auxiliary Driving) system, with a target to exceed 1 million cumulative deliveries by 2026 [1] - The company achieved nearly 40% market share in the third-party City NOA market within just over a year, reflecting strong recognition of its technological capabilities and delivery performance [1] Business Development - Yuanrong Qixing's auxiliary driving solutions have contributed to the sustained sales growth of its partner models, while the company accelerates its Robotaxi business [2] - A strategic agreement was reached with the Wuxi municipal government to establish a testing and R&D base, with plans to launch Robotaxi services using consumer-grade mass-produced vehicles by the end of this year [2] - Unlike the traditional "modified vehicle + high-precision map" approach, Yuanrong Qixing's Robotaxi vehicles are built on consumer-grade mass-produced cars, resulting in lower deployment costs and enhanced system stability and platform compatibility [2] Technological Advancements - Yuanrong Qixing is advancing its RoadAGI initiative through its self-developed VLA model, which integrates VLA and VLN core models to enable mobile intelligent agents to navigate autonomously in real environments using natural language commands [2] - The application scenarios for RoadAGI include public roads, campus pathways, and indoor shopping malls, facilitating "any point to point" navigation [2]

Core Insights - Horizon Robotics has recently received multiple industry awards, including "Annual Advanced Intelligent Driving Popularization Award" and "Annual Benchmark Level Assisted Driving Solution" for its HSD product, as well as being recognized as "Annual Intelligent Driving Supplier" and one of the "Top 100 New Automotive Supply Chains in China" [1][2] Group 1: Company Achievements - Horizon's HSD product has been acknowledged for its leading position in the intelligent driving sector, showcasing its unique industrial value by promoting advanced intelligent driving technology [1] - The company has established deep collaborations with over 10 mainstream automakers, with plans to equip more than 20 new models with the HSD system [2] Group 2: Market Performance - The HSD-equipped Chery Exeed ET5 has started pre-sales, and models like Fengyun T9L and iCAR V27 have debuted at the Guangzhou Auto Show, demonstrating strong market competitiveness [2] - Horizon has empowered over 400 vehicle models and achieved a chip shipment volume exceeding 10 million units, indicating robust market demand and production capabilities [2] Group 3: Future Strategy - Horizon aims to achieve mass production of HSD reaching 10 million units within the next 3-5 years, making advanced assisted driving accessible to a wider audience [2] - The company plans to continue collaborating with automotive partners to accelerate the popularization of intelligent driving technology, enhancing user experience in daily travel [2]

Core Viewpoint - The sudden suspension of operations at Haomo Zhixing, a smart driving company incubated by Great Wall Motors, has left approximately 300 to 400 employees facing significant uncertainty, highlighting the challenges faced by companies in the smart driving sector amid fierce competition and technological transitions [1][11]. Company Overview - Haomo Zhixing, established in November 2019, was previously part of Great Wall Motors' intelligent driving system development department, focusing on passenger car assisted driving and logistics automation [1][2]. - The company had raised approximately 2 billion RMB in funding and achieved a valuation exceeding 1 billion USD, positioning itself as a unicorn in the industry [2]. Technological Achievements - The company launched its first logistics automation vehicle, "Xiao Mo Tuo," in November 2020 and developed the MANA intelligent data system, along with the DriveGPT cognitive model [2]. - As of 2024, Haomo Zhixing's user driving mileage surpassed 250 million kilometers, equivalent to circling the Earth 60,000 times [2]. Challenges and Setbacks - Despite past successes, Haomo Zhixing faced significant challenges in transitioning from "image-based" to "non-image-based" smart driving technology, a critical juncture for survival in the industry [3][4]. - The company failed to deliver satisfactory "non-image" solutions, leading to Great Wall Motors losing patience and opting to collaborate with external suppliers like Yuanrong Qixing [5][6][7]. Market Position and Competition - The decision to partner with external suppliers marked a loss of leadership for Haomo Zhixing in the high-level smart driving supply chain [8]. - The company's dual identity as a technology firm and a subsidiary of an automotive manufacturer created fundamental conflicts, hindering its ability to expand its customer base and overcome trust barriers with other automakers [8][9]. Financial and Operational Struggles - Haomo Zhixing attempted to pivot to the mid-to-low level assisted driving market but faced intense competition and price wars, which severely impacted its financial stability [9][11]. - The company initiated layoffs in late 2024, but as funding became constrained, the situation deteriorated rapidly, leading to the current operational halt [9][11]. Industry Context - The smart driving industry in China is experiencing a significant shakeout, with over a thousand companies competing and at least 300 publicly listed firms involved in smart driving technologies [12][13]. - The case of Haomo Zhixing illustrates the harsh realities of the smart driving sector, where once-promising unicorns can quickly fall from grace amid technological shifts and market pressures [13][14].

Core Insights - Horizon has recently achieved significant recognition in the industry, with its product HSD (Horizon SuperDrive™) winning multiple prestigious awards, highlighting its leadership in the intelligent driving sector [1][2][6] - The company has established itself as a key enabler in the smart driving industry, focusing on the integration of hardware and software technologies to drive innovation [8] Group 1: Product Recognition - HSD has won the "Annual High-Level Intelligent Driving Popularization Award" at the 2026 NetEase Annual New Car Evaluation Awards and the "Annual Benchmark Level Assisted Driving Solution" at the 2025 Automotive Development Conference hosted by Daily Economic News [2][5] - The HSD system features a one-piece end-to-end architecture with reinforcement learning capabilities, significantly enhancing safety, efficiency, and comfort in assisted driving [5] Group 2: Market Impact - HSD is currently being pre-sold in models like the Chery Xingtu ET5, with strong market performance anticipated as it is showcased in major auto exhibitions [5] - The system has established deep collaborations with over 10 mainstream automakers, with plans to be featured in more than 20 new models [5] Group 3: Company Achievements - Horizon has been awarded the title of "Annual Intelligent Driving Supplier" at the 2025 New Automotive Annual Ceremony, further solidifying its position in the industry [6][8] - The company has partnered with numerous mainstream brands, enabling over 400 models and achieving a chip shipment milestone of over 10 million units [8]