1）公司公告，董事会全票通过增补赵明先生为公司第六届董事会非独立董事，并担任公司联席董事长。 赵明先生执掌荣耀十年，拥有25年全球科技企业管理经验，2024年入选中国经济新闻人物，在品牌重塑、大规模 组织变革及全球市场拓展方面具有卓越的领导能力。 截止目前，千里科技已完成技术、产品、管理等多位大咖的加盟，2026年是公司预期兑现的一年。 2）试驾更新 千里科技更新0212：荣耀灵魂人物赵明先生加盟，2026年看逻辑兑现度，中长期维度看AI能力拓圈 赵明先生执掌荣耀十年，拥有25年全球科技企业管理经验，2024年入选中国经济新闻人物，在品牌重塑、大规模 组织变革及全球市场拓展方面具有卓越的领导能力。 截止目前，千里科技已完成技术、 千里科技更新0212：荣耀灵魂人物赵明先生加盟，2026年看逻辑兑现度，中长期维度看AI能力拓圈 1）公司公告，董事会全票通过增补赵明先生为公司第六届董事会非独立董事，并担任公司联席董事长。 今年还会推出3.0版本，理论上含模量会进一步升级。 2025年千里科技打了非常多预期，从2026年Q1开始公司将逐步兑现，短期涨幅看公司的兑现力度是否超预期，中 长期趋势非常好，主要在于公司AI ...

2026年初，印奇站在一个看似罕见却并不轻松的位置上。 他同时担任千里科技与阶跃星辰的董事长，前者是一家仍在证明自身价值的智驾公司，后者则是被寄予厚望的AI大模型公司。在外界看来，这是一次权 力与资源的进一步集中，但对印奇而言，这更像是一场提前到来的突围。 "千里智驾这套系统，我觉得要成为中国最好的智驾系统。如果量化点，就是2026年要有100万辆车以上装了千里智驾的系统。"近期，印奇在与硅星人创 始人骆轶航对话时提到2026年的三个目标，排在第一的就是千里智驾的上车量。 这并不是一个容易完成的目标，过去一年，公开渠道数据显示的国产智驾系统上车量超过100万辆的只有华为乾崑智驾，而华为乾崑智驾最新预计，到 2026年底累计搭载量将达到300万辆。 而千里科技公开披露的量产落地主要集中在吉利体系内（极氪、领克等），上车的是千里科技与吉利浩瀚系统全面整合的千里浩瀚辅助驾驶系统。尽管此 前千里科技方面表示，千里智驾还将与更多主机厂合作，但截至目前尚未见到可核实名单公开。 印奇想要实现这个新年目标，意味着千里科技已经没有太多试错空间了。 中国智驾行业发展超过十个年头，技术路径快速收敛，车企开始减少外部依赖，第三方智驾 ...

Group 1 - The core viewpoint of the news is that Yin Qi has been appointed as the chairman of StepFun, which will enhance the company's strategic direction and technological focus [1] - StepFun's long-term strategic choices include "foundation large models" and "AI + terminals," indicating a commitment to these areas for future growth [1] - StepFun has completed a B+ round financing exceeding 5 billion RMB, setting a record for the largest single financing in China's large model sector in the past 12 months [3] Group 2 - The financing round involved participation from various institutional investors, including State Investment Fund, China Life Equity, and others, with existing shareholders like Tencent and Qiming further investing [3] - StepFun's funding will be utilized for foundational model research and to accelerate the implementation of the AI + terminal strategy [3] - Geely Holding Group is a major shareholder of Qianli Technology and has integrated its autonomous driving business into Qianli, positioning it as the core platform for the group's future smart driving technology [5]

Core Viewpoint - Qianli Technology's financial indicators are gradually improving, showcasing resilience in profitability during its transformation period. The increase in the proportion of intelligent driving business is expected to continuously optimize the company's profit structure [1] Group 1: Financial Performance - The financial indicators of Qianli Technology are showing gradual improvement [1] - The profitability during the transformation period is highlighted as resilient [1] Group 2: Strategic Transformation - The effectiveness of the strategic transformation is significant, with multiple resources building ecological barriers [1] - The company relies on the Geely Starry Smart Computing Center 2.0, which has a computing power of 23.5 EFLOPS, and the AI-Drive large model can generate complex scenarios at a rate of thousands of kilometers per hour, leading the industry in data iteration efficiency [1] Group 3: Business Development - The technology business is being supplied under the "Qianli Intelligent Driving" brand, with collaborations established with Geely Galaxy and Zeekr models, and plans to gradually open up to third-party car manufacturers [1] - Considering the smooth AI transformation and the expected growth in intelligent driving business, the company is initiating coverage with a "Buy" rating [1]

Core Viewpoint - Qianli Technology held its first press conference after rebranding, introducing the new brand name "AFARI" and discussing the integration of AI and automotive technology [1][14]. Business Segments - The core focus of the press conference was the unveiling of three major business segments: Qianli Smart Driving, Qianli Smart Cabin, and Qianli Smart Mobility, outlining the technical roadmap and implementation plans for "AI + Car" [5]. - In the smart driving sector, Qianli Technology aims to achieve a model inclusion rate of 70%-80% by the end of 2025, compared to the current industry average of 40%-50% [5][6]. - The company plans to reduce reliance on traditional rules and high-precision maps by adopting an "end-to-end model architecture" [6]. Technology and Product Development - Qianli Technology's smart driving system has been validated through real-world testing in Chongqing, utilizing a 6D multi-modal perception matrix [6]. - The product roadmap includes the release of version 1.0, which is already available, and plans for version 2.0 (L3 level) by the end of 2025 and version 3.0 (L4 level) targeting Robotaxi scenarios by 2026 [6][7]. - The smart cabin operating system "Agent OS" was introduced, featuring advanced interaction capabilities and aiming to enhance user experience in vehicles [7]. Strategic Partnerships and Investments - Qianli Technology's "Afari Plan" aims to create a unified AI brain and operating system, relying on collaboration with partners like Geely for support in manufacturing and funding [9][10]. - Geely's integration of its smart driving team into Qianli Technology has created a research and development cluster of approximately 3,000 personnel [10]. - Mercedes-Benz acquired a 3% stake in Qianli Technology for 1.339 billion yuan, signaling international collaboration and support for the company's technological capabilities [14]. Market Position and Financial Performance - The company is positioned to capitalize on the growing market for smart connected vehicles, with projections indicating a global market size of $1.5 trillion by 2025 [11]. - Qianli Technology reported a revenue of 4.184 billion yuan for the first half of 2025, reflecting a year-on-year growth of 40.04%, and a net profit of 31.17 million yuan, up 19% [15].

Core Insights - The article highlights the explosive growth of smart connected vehicles as a key application of AI technology, with Qianli Technology announcing its strategic shift from traditional manufacturing to an AI-driven enterprise [1][2] - Qianli Technology's chairman, Yin Qi, unveiled the "AI + Grand Blueprint - Qianli Plan," marking the company's first public vision and achievements in the AI sector since its rebranding [1] Group 1: Company Strategy and Vision - Qianli Technology aims to create a harmonious future between AI and humanity, focusing on a vision encapsulated in "One Brain, One OS, One Agent," which includes a large model-driven AI brain, a unified operating system, and a highly intelligent assistant [1] - The company has made significant progress in its "AI+" strategic transformation, achieving a comprehensive layout in smart driving, smart cockpit, and smart mobility within a short timeframe [2] Group 2: Technological Developments - In the smart driving sector, Qianli Technology's AI-driven system successfully completed real-world tests in challenging conditions, demonstrating a smooth and safe driving experience [2] - The smart cockpit initiative leverages multimodal large models to create a new generation of intelligent cockpit systems, enhancing human-vehicle interaction [2] Group 3: Market Position and Future Plans - Qianli Technology plans to accelerate the development of L4-level autonomous driving and aims to establish a comprehensive operational platform for Robotaxi services, targeting large-scale operations in over 10 cities globally within 18 months [2] - The company benefits from Chongqing's robust manufacturing base and industry chain, positioning it as a significant player in China's smart connected vehicle development [3]

Core Insights - The company has launched a new brand name "AFARI" and logo, indicating a strong commitment to accelerate AI integration and international development [2] - Since its rebranding and AI integration last year, the company has implemented an "AI+" strategic transformation, leveraging its manufacturing base in Chongqing and partnerships in the automotive sector [2] - The company has established a comprehensive business layout in intelligent driving, intelligent cockpit, and smart mobility within a year [2] Intelligent Driving - The intelligent driving system is transitioning to a development phase driven by AI large models [2] - The technology route balances performance and cost effectively, showcasing sustainable implementation prospects [3] Intelligent Cockpit - The combination of large models and cockpit technology is expected to significantly enhance user experience, with customer value projected to be on par with intelligent driving [2] Smart Mobility - With technological iterations, cost reductions, and policy openness, Robotaxi is anticipated to enter a rapid popularization phase in the next three years [2] - The company aims to complete the full-chain industrial layout for Robotaxi within the next 18 months [2]

Core Insights - Geely and Mercedes-Benz have achieved indirect cooperation through Qianli Technology, with Mercedes investing approximately 1.342 billion yuan for a 3% stake in the company [1][2] - The collaboration aims to enhance Mercedes' localization and technological development in the Chinese market, while also strengthening Qianli Technology's competitive edge in the intelligent driving sector [1][4] Company Overview - Qianli Technology, formerly known as Lifan, transitioned from motorcycle manufacturing to automotive production and underwent restructuring in 2021, with Geely becoming a significant shareholder [3] - The largest shareholder of Qianli Technology is Chongqing Manjianghong Private Equity Investment Fund, with Geely indirectly holding a substantial stake through its investment arm [3] Business Development - Mercedes Digital, a wholly-owned subsidiary of Mercedes-Benz (China) Investment Co., focuses on various sectors including autonomous driving and has been recognized as a foreign R&D center in Shanghai [2] - The collaboration reflects a shift in the automotive industry from mere market partnerships to deeper technological and capital cooperation, integrating global resources into China's smart electric vehicle industry [2][4] Strategic Implications - The investment by Mercedes serves as an endorsement of Qianli Zhijia, Geely's unified intelligent driving platform, potentially increasing its valuation and market influence [4] - Qianli Zhijia is positioned as a core technology platform within Geely's ecosystem, indicating a strategic move towards independent development in intelligent driving solutions [3][4]