Core Viewpoint - The company plans to transfer the intellectual property rights of its P658 project to a related party for 345 million RMB to recover R&D costs and mitigate market risks [1][3] Group 1: Transaction Details - The transaction involves the transfer of technology rights for the P658 project, which is an extended-range vehicle currently under development [1] - The transfer price is set at 345 million RMB, and the agreement will be signed between the company's subsidiary and Ningbo Research Institute, which is controlled by Geely Automobile Group [1][2] - The P658 project is expected to be capitalized starting from July 25, 2024, with an anticipated completion date of July 30, 2025 [2] Group 2: Strategic Implications - The technology transfer is expected to allow the company to recover R&D costs early and reduce market risks [3] - The brand strength and channel advantages of the related party are anticipated to enhance the market competitiveness of the P658 model [3] - The company will continue to manufacture the model, which is expected to provide stable income and improve capacity utilization [3] - This transaction aligns with the company's strategy to optimize resource allocation and strengthen its core "AI + Vehicle" strategy [3] Group 3: Performance Metrics - In the first half of the year, the company's electric vehicle sales reached 19,364 units, marking a year-on-year increase of 99.38% [3] - Overall vehicle sales totaled 38,728 units, reflecting a year-on-year growth of 61.62% [3]

Core Insights - The article highlights the transition of AI from "passive execution" to "active thinking," with the emergence of AI agents as a significant trend at the WAIC conference, leading many to predict 2025 as the "Year of AI Agents" [1][4]. Industry Developments - Various companies showcased innovative AI agent products at WAIC, including Pokee.ai, which emphasized China's role in defining global AI standards rather than merely catching up [1]. - The next-generation intelligent cockpit Agent OS, dubbed "Smart Egg," was introduced by Jieyue Star and Geely, featuring capabilities like multimodal interaction and human-machine co-driving [1]. - Star Ring Technology demonstrated a rapid AI agent development process, reducing the time from weeks to just 10 minutes [2]. - In the high-end equipment manufacturing sector, Moer Thread and Xuelangyun launched a large model and related AI agents, focusing on domestic technology paths [2]. - Mido presented AI tools for workplace efficiency, including the "V Assistant 2.0" for sentiment analysis and a proofreading agent that significantly improved data relevance [2]. - Kingsoft Office introduced the WPS Lingxi, an AI agent for document creation and voice assistance [2]. - China Mobile unveiled the new Lingxi 2.0, which excels in everyday scenarios by intelligently recommending restaurants and managing reservations [2][3]. Market Trends - The global AI agent market is projected to grow from $5.1 billion in 2024 to $47.1 billion by 2030, with a compound annual growth rate (CAGR) of 44.8% [4]. - The rise of AI agents is attributed to the need for advanced AI infrastructure that supports efficient development and operation of these agents, moving beyond traditional data management [4][5]. Strategic Insights - The integration of AI and data is reshaping competitive dynamics, with companies urged to transition from data management to AI agent operations for industrial upgrades [5]. - The emergence of AI agents signifies a shift from AI as a tool to AI as a collaborator, driven by cost reduction pressures and consumer demand for personalized interactions [5]. - The development of AI agents is expected to require enhanced computational power and infrastructure, with AI servers potentially becoming the largest tech hardware category [5]. Future Outlook - The year 2025 is anticipated to be pivotal for AI agents, with expectations for accelerated application deployment and significant advancements in computational capabilities [6][7]. - The focus should be on specialized AI agents for vertical scenarios, as companies are advised to avoid the "one-size-fits-all" approach and instead refine their capabilities in specific areas [6][7].

Core Viewpoint - Geely Auto Group showcased its "full-domain AI" technology system and new products at the WAIC 2025, emphasizing its commitment to self-research in intelligent driving technology to meet user demands and ensure future upgrades [1][3][9]. Group 1: Intelligent Driving Technology - Geely's new model, Zeekr 9X, features the Qianli Haohan intelligent driving H9 solution, equipped with dual Thor chips providing 1400 TOPS computing power and L3-level intelligent driving capabilities [4]. - The Qianli Haohan intelligent driving system in all Zeekr models is equipped with dual NVIDIA DRIVE AGX Orin-X chips, achieving a total computing power of 508 TOPS, along with a lidar-based intelligent driving solution [5]. - Geely aims to ensure hardware performance redundancy to maintain competitiveness over the years, allowing users to benefit from new features and upgrades without obsolescence [4][5]. Group 2: Safety and User Experience - Geely's intelligent driving technology aims to be safer than human driving, utilizing advanced technology to enhance safety and user experience [7]. - The company is focusing on cross-domain integration of intelligent driving with cabin and chassis systems, enabling features like steering control and voice commands for improved user convenience [7][8]. - The intelligent driving technology is seen as a foundational "root technology" for full-domain AI, facilitating advancements towards L3 and L4 levels of automation [8]. Group 3: AI Ecosystem and Future Plans - Geely has been proactive in AI development, launching the "Smart Geely 2025" strategy in 2021 to create a robust technological foundation through big data and satellite technology [9]. - The company introduced the industry's first "full-domain AI" technology system in January 2025, integrating AI across various automotive domains and processes [9]. - During WAIC 2025, Geely, in collaboration with partners, unveiled the next-generation intelligent cockpit Agent OS, enhancing user interaction with more natural and emotional responses [11].

Core Insights - The World Artificial Intelligence Conference (WAIC) in Shanghai has evolved from cautious exploration in 2018 to a major event featuring over 1,200 top experts and more than 100 new product launches, reflecting China's ambition in the global AI landscape [1] Industry Development - Shanghai has established a differentiated development pattern with "Mosu Space" focusing on model ecology and "Moli Community" targeting embodied intelligence, hosting over 500 "AI+" companies and nearly 200 AI firms respectively [1] - The AI industry in Shanghai has surpassed 118 billion yuan in scale, growing by 29% year-on-year, becoming a new engine for economic growth [6] Technological Advancements - The emergence of AI agents and large models is recognized as a key area for innovation, with 2025 expected to be the "Year of AI Agent Innovation" [2] - MiniMax's latest Agent product showcases strong programming and multi-modal capabilities, indicating a shift in the advertising ecosystem through AI [3] Governance and Safety - The WAIC emphasizes the importance of AI governance, addressing challenges such as hallucination outputs and deep forgery, while promoting international cooperation for AI safety and ethics [4][5] - The establishment of a global AI innovation governance center aims to facilitate international collaboration and standard-setting for safe AI development [5] Talent and Ecosystem - Shanghai's AI talent pool is approximately 300,000, accounting for one-third of the national total, with local universities enhancing AI-related programs to build a robust talent pipeline [7] - The city aims to create a world-class AI industry ecosystem by 2025, targeting a computing power scale of over 100 EFLOPS and establishing multiple innovation incubators [7]

Group 1 - Geely Automotive Group showcased its full AI technology system at the 2025 World Artificial Intelligence Conference (WAIC 2025) alongside its strategic partner, Step Star [1] - New products displayed include the Zeekr 9X, Lynk & Co 10EM-P, Geely Galaxy A7, and Geely Galaxy M9, highlighting Geely's position as the only automaker with a comprehensive AI layout [1] - The Geely Galaxy M9 features the industry's first super-human-like in-car AI intelligent agent, utilizing Step Star's end-to-end AI voice model for a revolutionary human-machine interaction experience [1] Group 2 - Geely, in collaboration with Qianli Technology and Step Star, launched the next-generation intelligent cockpit Agent OS (preview version) designed for AI agents, promising a more natural, human-like, and emotional cockpit interaction experience [1] - The continuous upgrade of automotive intelligent experiences will be driven by Geely's integration of Step Star's latest Step 3 foundational model [1]