Core Viewpoint - Qianli Technology has submitted an application for an IPO on the Hong Kong Stock Exchange to accelerate its "AI+Mobility" strategy after completing the consolidation of Qianli Intelligent Driving [2][4] Group 1: Company Strategy and Transformation - Qianli Technology's revenue has historically come from automotive and motorcycle manufacturing, accounting for over 85% of its income, but the company is now transitioning to an AI-centric model [4] - The company aims to provide a closed-loop solution in "AI+Mobility," focusing on smart driving, smart cockpit, and Robotaxi as core areas [5][9] - The establishment of Chongqing Qianli Intelligent Driving Technology Co., Ltd. is a key step in advancing the "AI+Car" strategy [10] Group 2: Product Development and Offerings - In the smart driving sector, Qianli Technology offers a full-stack solution driven by RLM (Reinforcement Learning-Multi-Modal) models, capable of achieving L2 to L4 levels of autonomous driving [7] - The company plans to release its L3 smart driving solution in Q4 of this year and aims to launch the L4 Robotaxi solution by the second half of 2026 [7] - The smart cockpit business leverages multi-modal interaction models and AI-native Agent OS for natural voice/visual interaction and personalized recommendations [7] Group 3: Financial Aspects and Funding - Qianli Technology aims to use the funds raised from the IPO to enhance R&D capabilities and develop "AI+Mobility" products, including testing and deploying autonomous driving systems [13] - The company reported that Qianli Intelligent Driving achieved a revenue of 902,400 yuan and a net loss of 294 million yuan as of the end of August [12] - The IPO is seen as a means to secure funding for the costly R&D required in the autonomous driving sector, which has not yet reached profitability [13]