Core Viewpoint - The article discusses the transformation of Qianli Technology from a bankrupt company to a potential leader in the automotive industry, aiming to become the "second Huawei" with the recent appointment of Wang Jun from Huawei's automotive division [2][4][6]. Group 1: Company Transformation - Qianli Technology, formerly known as Lifan Technology, underwent a significant transformation after its bankruptcy in 2020, with strategic investments from Geely and other partners leading to a turnaround [4][5]. - The company aims to pivot towards an "AI + car" strategy, emphasizing the integration of artificial intelligence in its automotive solutions [6][7]. - The establishment of Chongqing Qianli Intelligent Driving Co., Ltd. in 2024, in collaboration with Geely and other automotive firms, is seen as a move to create a platform similar to Huawei's Yiyang [9][10]. Group 2: Leadership and Strategic Direction - Wang Jun's appointment as co-president of Qianli Technology is pivotal, given his experience in leading Huawei's automotive solutions and partnerships with major car manufacturers [2][11]. - The company is focusing on developing a comprehensive intelligent driving solution, with plans to support various vehicle manufacturers through its platform [9][10]. - Qianli Technology's strategy includes a dual focus on terminal and technology businesses, aiming for both domestic and international growth [6][7]. Group 3: Market Position and Challenges - Despite the ambitious goals, analysts express skepticism about Qianli Technology's ability to replicate Huawei's success due to differences in scale and market presence [11][12]. - The competitive landscape in the intelligent driving sector is dominated by established players like Huawei and Momenta, which hold a significant market share [10][11]. - Concerns exist regarding the willingness of other automotive companies to collaborate with Qianli Technology, given Geely's dominant role in the partnership [11][12].

Core Viewpoint - The recent appointment of Wang Jun, former president of Huawei's Intelligent Automotive Solutions Business Unit, as co-president of Qianli Technology has drawn significant industry attention, raising questions about the company's potential transformation and its ambition to become the "second Huawei" in the automotive sector [2][6]. Group 1: Company Background - Qianli Technology, previously known as Lifan Technology, underwent a name change in February 2025 after emerging from bankruptcy restructuring in 2020, which was facilitated by strategic investors including Geely and Chongqing Liangjiang Investment [2][3]. - Lifan Technology was once a prominent player in the automotive export market but faced severe challenges leading to its bankruptcy in 2020, with annual sales dropping to just over 2,000 vehicles [3]. Group 2: Leadership and Strategic Direction - Wang Jun's leadership at Huawei's car BU involved the development and implementation of Huawei's full-stack intelligent automotive solutions, establishing partnerships with major automakers [2][4]. - Following Wang's appointment, Qianli Technology aims to pivot towards an "AI + car" strategy, emphasizing dual business focuses on terminal and technology sectors, with a strong alignment to Huawei's strategic direction in intelligent driving and cockpit solutions [5][6]. Group 3: Market Position and Competitive Landscape - Qianli Technology's goal to replicate Huawei's success is supported by partnerships with Geely and other automotive companies, aiming to create a competitive ecosystem in intelligent driving technology [6][7]. - Despite the ambition, analysts express skepticism about Qianli Technology's ability to achieve a comprehensive breakthrough in the competitive landscape dominated by established players like Huawei and Momenta, which hold nearly 90% of the market share in third-party supplied vehicle NOA solutions [7][8]. Group 4: Future Prospects - The establishment of Chongqing Qianli Intelligent Driving Co., a joint venture with Geely and others, is seen as a strategic move to integrate resources and develop an open platform for third-party automotive enterprises [6][7]. - Analysts suggest that while Qianli Technology may struggle to become a second Huawei, it has a viable path to becoming a significant player in the intelligent driving solutions market, leveraging Wang Jun's expertise and the company's strategic partnerships [8].