Core Viewpoint - The article discusses the launch of the SesameX multidimensional intelligent computing platform by Black Sesame Intelligence, marking a significant step in the commercialization of robotics and the evolution of embodied intelligence in the next decade [1][4]. Group 1: Product Launch and Technology Development - The SesameX platform is the industry's first dedicated deployment platform for commercial robotics, aiming to support the development of the robotics industry [1][4]. - Black Sesame Intelligence has leveraged its experience in the smart automotive sector to enhance its capabilities in robotics, positioning itself as a leader in embodied intelligence [1][5]. - The platform is designed to address four major technical pain points in the robotics industry, including safety, system integration, multi-task coordination, and algorithm evolution [9][10]. Group 2: Platform Architecture and Core Modules - SesameX features a four-layer system architecture, including a computing platform, middleware, atomic application layer, and a comprehensive safety framework [10][18]. - The platform includes three core computing modules: Kalos, Aura, and Liora, each targeting different levels of robotic intelligence and capabilities [12][14][16]. - Kalos is designed for low-speed applications, Aura for multi-legged and collaborative robots, and Liora serves as a powerful brain for humanoid robots, supporting complex tasks [12][14][16]. Group 3: Safety and Evolutionary Intelligence - The SesameX platform emphasizes safety as an integral attribute, redefining it as "Action = Safety" within its operational framework [20]. - The platform aims to transform robots from pre-programmed executors into self-evolving intelligent entities, enhancing their adaptability and learning capabilities [20]. Group 4: Ecosystem and Strategic Partnerships - Black Sesame Intelligence is committed to an open collaboration model, partnering with various companies to drive the commercialization of robotics [22][24]. - The company has established strategic partnerships with several firms, including Junsheng Electronics and Huazhong Electric Power Technology, to explore applications of embodied robots in different industries [26]. - The launch event included a roundtable forum discussing the future of intelligent robotics, highlighting the importance of collaboration across academia and industry [28].

Core Insights - The next decade is expected to usher in a "robotic new era," with significant advancements in embodied intelligence and the introduction of the SesameX multi-dimensional intelligent computing platform by Black Sesame Intelligence [1][3][4] Group 1: Product Launch and Technology - Black Sesame Intelligence launched the SesameX platform, the first commercial deployment platform dedicated to the robotics industry, during the event held in Shanghai [1][4] - The SesameX platform is designed to support the development of robots by providing a comprehensive solution that includes automatic deployment, data collection, algorithm iteration, and model updates [5][6] - The platform consists of a four-layer system architecture, including a computing platform, middleware layer, atomic application layer, and a neural communication layer, enabling efficient collaboration among various intelligent units [7][11] Group 2: Market Potential and Industry Impact - The robotics industry is projected to grow into a trillion-dollar market with billions of robots by 2040, highlighting the importance of embodied intelligence technology for robots to become integral parts of daily life [3][4] - Black Sesame Intelligence aims to leverage its experience in the smart automotive sector to drive advancements in the robotics field, positioning itself as a leader in the evolution of embodied intelligence [3][4] Group 3: Strategic Partnerships and Ecosystem Development - The company announced strategic partnerships with various organizations, including Junsheng Electronics and Hubei Huazhong Electric Power Technology Development Co., to explore applications of embodied robots in different industries [13] - Black Sesame Intelligence is committed to an open collaboration approach, working with partners to promote the successful commercialization of robotics and drive industry development [12][13] Group 4: Key Features of SesameX Platform - The SesameX platform emphasizes safety as a core attribute, integrating it into the operational framework of robots rather than treating it as a standalone feature [11] - The platform includes three core computing modules—Kalos, Aura, and Liora—each designed to address different levels of robotic intelligence, from visual perception to cognitive evolution [8][10]

Core Insights - The next decade is expected to usher in a "robotic new era," with significant advancements in embodied intelligence and the introduction of the SesameX multi-dimensional intelligent computing platform by Black Sesame Intelligence [1][2][18] Group 1: Product Launch and Technology Development - Black Sesame Intelligence launched the SesameX platform, marking the first commercial deployment platform dedicated to the robotics industry [1][2] - The company aims to leverage its experience in the intelligent automotive sector to drive advancements in robotics, positioning itself as a leader in embodied intelligence [1][2] - The SesameX platform is designed to support automatic deployment, data collection, algorithm iteration, and model updates, which are essential for the practical application of robotics [3][6] Group 2: Technical Architecture and Features - The SesameX platform features a four-layer system architecture, including a computing platform, middleware, atomic application layer, and a neural communication layer [7][15] - Three core computing modules—Kalos, Aura, and Liora—are designed to address different levels of robotic intelligence, from visual perception to cognitive evolution [8][11][13] - The platform emphasizes safety as an integral characteristic, redefining it as "Action = Safety" within the robotics ecosystem [15] Group 3: Industry Collaboration and Ecosystem Development - Black Sesame Intelligence is committed to an open collaboration model, partnering with various stakeholders to promote the commercialization of robotics [16][17] - The company has established strategic partnerships with firms like Joyson Electronics and Hubei Huazhong Electric Power Technology to explore applications of embodied robots in different industries [17] - The launch event included a roundtable forum discussing the future of intelligent robotics, featuring experts from academia and industry [17]

Core Insights - Black Sesame Intelligence announced the successful integration of its flagship Huashan A1000 automotive-grade chip into Desay SV's new low-speed unmanned vehicle brand "Chuanxing Zhiyuan" S6 series, establishing a collaborative innovation model in the automotive electronics and chip industry [2] - The Huashan A1000 chip features a dual-brain redundancy architecture, enhancing safety for unmanned logistics operations by monitoring the main control system and taking over in case of anomalies [2] - Desay SV's focus on low-speed unmanned delivery aims to address urban last-mile logistics efficiency challenges, with safety redundancy being a core support for scalable operations [2] Company Performance - Desay SV reported a revenue of 7.692 billion yuan for Q3 2025, a year-on-year increase of 5.63%, and a total revenue of 22.337 billion yuan for the year-to-date, reflecting a 17.72% growth [4] - The net profit attributable to shareholders reached 1.788 billion yuan, up 27.08% year-on-year, with total assets growing by 26.81% to 27.242 billion yuan as of September 30 [4] - The company’s cash flow from operating activities surged by 169.3% to 2.26 billion yuan, supported by a successful fundraising of 4.393 billion yuan for expansion in facilities, production lines, and R&D [4] Technological Advancements - The Huashan A1000 chip has achieved ISO 26262 ASIL-B functional safety certification and AEC-Q100 Grade 2 automotive reliability certification, featuring a dual-core lockstep safety processor [3] - It offers 58 TOPS of high-performance computing power while maintaining low power consumption, capable of efficiently processing various sensor data and ensuring real-time responses in critical scenarios [3] - The chip operates within a wide temperature range of -40°C to 105°C, making it suitable for diverse outdoor and low-temperature storage applications [3] Strategic Developments - Black Sesame Intelligence is expanding its dual-line strategy in the smart automotive and robotics sectors, with the Huashan series focusing on driver assistance and the upcoming Huashan A2000 family embracing large models [5] - The Wudang series targets cross-domain computing, with the C1200 family innovating in electronic and electrical architecture, already receiving positive feedback in multiple scenarios [5] - The company plans to launch a robotics product line, leveraging its automotive technology to reduce development barriers and accelerate product deployment [5] Industry Collaboration - The partnership between Black Sesame Intelligence and Desay SV highlights the importance of upstream and downstream collaboration in the industry, with potential for further expansion in smart logistics and robotics [6] - As Desay SV deepens its focus on unmanned delivery and Black Sesame continues to iterate its chip technology, both companies are positioned to drive new momentum in the smart industry [6]

Group 1: Policy Adjustments and Market Trends - Hubei Province announced adjustments to the 2025 automobile trade-in subsidy policy, suspending the scrap update subsidy and optimizing the issuance of qualification vouchers to better meet consumer demand and promote healthy development of the automotive market [1] - The China Association of Automobile Manufacturers reported that from January to October, China's automobile production and sales reached 27.69 million units, with a year-on-year growth of over 10%. Notably, in October, new energy vehicle sales exceeded 50% of total new car sales for the first time, reaching 51.6% [1][2] - The implementation of the national trade-in policy has shown significant effects, with market order improving and price competition becoming more rational, as new car launches are breaking previous price limits rather than simply reducing prices [3] Group 2: Corporate Developments - John Roth will take over as the new president of General Motors China starting December 1, succeeding Steve Hill, who will assume a new role as Senior Vice President of Global Export and Retail Innovation [5][6] - The leadership change at General Motors aims to support the ongoing recovery of the Chinese market and promote growth in global exports [6] Group 3: Technological Advancements - Black Sesame Intelligence announced that its flagship product, the Huashan A1000 chip, has been successfully integrated into Desay SV's new low-speed unmanned vehicle, enhancing the safety of logistics operations [4]

Core Insights - The 2025 Automotive Technology and Equipment Development Forum showcased 22 innovative achievements in four key areas: breakthrough automotive technologies, intelligent manufacturing equipment, intelligent chassis, and intelligent computing chips, highlighting China's core technological breakthroughs and industrial chain upgrades in the smart transformation of the automotive industry [1][7]. Breakthrough Automotive Technologies - Multiple achievements have made systematic breakthroughs, including the development of an end-to-end driver assistance system testing and evaluation technology by the China Automotive Research Institute (Jiangsu), which covers a vast array of scenarios [3]. - NIO Inc. launched SkyOS, China's first full-domain operating system for vehicles, achieving a comprehensive technological breakthrough applied in multiple mass-produced models [3]. - Tianlu Flying Car Technology Co., Ltd. introduced the "Tianlu X," a split-type land-air integrated flying car that complies with road regulations and possesses pure electric vertical take-off and landing capabilities [3]. - Jiushi (Suzhou) Intelligent Technology Co., Ltd. developed an L4-level multi-modal fusion perception autonomous driving system, enabling commercial operations for unmanned delivery across over 300 cities [3]. - Ideal Auto (Beijing Chehejia Information Technology Co., Ltd.) plans to equip all models with laser radar by 2025, enhancing active safety standards for family travel [3]. Intelligent Manufacturing Equipment - Key advancements in detection and production line technologies were made, such as the development of embodied intelligent robot testing equipment by Chongqing Kairui Robot Technology Co., Ltd., serving over 300 enterprises [4]. - Dongfeng Motor Corporation's Mingshi Automotive Technology Company developed online software flashing technology for intelligent connected vehicles, improving production efficiency and software consistency [4]. - China FAW Group Corporation independently developed an intelligent detection equipment system for production lines, integrating AI large models and digital twin technologies for full-process intelligent detection [4]. Intelligent Chassis - Localized and intelligent solutions became core breakthroughs, with Zhejiang Konghui Automotive Technology Co., Ltd. overcoming limitations of single torsional stiffness in active stabilizers, significantly enhancing vehicle stability and comfort [5]. - Dongfeng Motor Group's Mingshi Automotive Technology Company integrated AI and chassis control technologies in the M817 intelligent off-road chassis for all-terrain adaptability [5]. - The China Automotive Engineering Research Institute developed a "human-vehicle-road" closed-loop simulation testing platform for multi-dimensional verification of intelligent chassis from components to complete vehicles [5]. Intelligent Computing Chips - Domestic high-performance computing chips have achieved multi-scenario applications, such as the Huashan A1000 chip from Hezhima Intelligent Technology Co., Ltd., which supports L2+ level driver assistance functions [6]. - Suzhou Guoxin Technology Co., Ltd. innovatively integrated NPU and quantum-safe modules in the CCFC3009PT chip for comprehensive intelligent upgrades [6]. - Beijing Huixi Intelligent Information Technology Co., Ltd. launched the R1 chip, filling the gap in the domestic high-performance combined driver assistance chip market [6]. - Shanghai Weijing Technology Co., Ltd. introduced the VS919 series integrated control chip, breaking traditional external MCU designs for multi-scenario intelligent driving applications [6]. Summary of Innovations - The innovative achievements presented this year demonstrate significant progress in key technological areas within China's automotive industry, paving the way for a smarter, safer, and more efficient future, and establishing a solid foundation for China's continued leadership in global automotive competition [7][8].

Core Insights - A strategic partnership has been established among Hezhima Intelligent, Chery Commercial Vehicles, and China Pacific Property Insurance to explore an innovative "technology + insurance" model for enhancing safety and operational efficiency in new energy commercial vehicles [1][6]. Group 1: Partnership Overview - The collaboration aims to integrate advanced driver assistance technologies into the insurance underwriting process, creating a mechanism for risk reduction and premium discounts [1][6]. - Hezhima Intelligent will provide its PA2.0 commercial vehicle active safety system, which combines multiple functionalities such as AEBS, ADAS, BSD, and DMS, marking it as the first modular design in the domestic market [4][6]. - Chery Commercial Vehicles will leverage its established distribution network to facilitate the implementation of the partnership, ensuring rapid market access for the technology and products [5]. Group 2: Technological and Operational Details - The PA2.0 system is based on Hezhima Intelligent's Huashan A1000 chip and is designed to significantly reduce accident rates, with reported reductions of over 70% in overall accidents and 80% in major accidents [4]. - The partnership will create a closed-loop service chain consisting of "technical support - offline management - online analysis" to enhance operational efficiency [3][6]. Group 3: Strategic Goals and Future Plans - The collaboration will initially pilot the new model in at least three provincial regions, with plans for nationwide expansion once the model is refined [7]. - The partnership aims to set a benchmark for cross-industry collaboration and innovation, contributing to the development of a sustainable ecosystem for new energy commercial vehicles [6][7].

Core Viewpoint - The emergence of "first stocks" in various sectors from Wuhan highlights the city's commitment to fostering innovation and creating a supportive ecosystem for technology-driven companies [5][12]. Group 1: First Stocks from Wuhan - The first domestic database stock, Dameng Data, was listed in June 2024 [1][17]. - The first esports stock, Xingjing Weiw, was listed in July 2024 on NASDAQ [2][19][20]. - The first interactive AI stock, Voicecom, was listed in July 2024 on the Hong Kong Stock Exchange [3][22][23]. - The first intelligent driving chip stock, Hezhima Intelligent, was listed in August 2024 on the Hong Kong Stock Exchange [4][26][27]. - The first intelligent time-series data stock, Yuanguang Technology, was listed in June 2024 [5]. Group 2: Investment Ecosystem in Wuhan - The government of Wuhan has established funds to support early-stage technology companies, focusing on "early investment, small investment, hard technology" [8]. - The Wuhan government aims to create a long-term investment environment, with funds having a maximum duration of 15 years to support startups through their development phases [10][12]. - The city plans to establish over 50 specialized technology financial institutions and increase the scale of equity investment funds to over 300 billion yuan by 2027 [13]. Group 3: Challenges and Support for Startups - Startups face significant challenges, including funding, talent, location, and market access, often referred to as the "valley of death" [10]. - The Wuhan government is working to improve the investment ecosystem by allowing for a certain level of loss in seed and angel funds, thus providing a safety net for investors [11]. - The focus is on nurturing small enterprises to grow into larger, sustainable businesses through patient capital and supportive policies [12][13].

Core Insights - The "2025 Automotive Semiconductor Ecosystem Conference and China Automotive Chip Technology Roadshow" was held on April 25-26, 2025, in Shanghai, aiming to create a top platform for global automotive semiconductor industry elites to exchange and showcase achievements [1] - Yang Yuxin, CMO of Hezhima Intelligent, emphasized the critical role of AI in industry development, stating that AI has become a key engine for progress, breaking traditional performance improvement models [4] - Hezhima Intelligent focuses on technological innovation, with a product matrix covering all scenarios in the assisted driving field, including the Huashan series for assisted driving and the Wudang series for cross-domain computing chips [5] Industry Trends - The assisted driving market is experiencing explosive growth, entering an era of "equal rights," with Hezhima Intelligent positioning itself early in this market [4] - The Huashan A1000 chip is the first domestically produced automotive-grade single chip supporting leading assisted driving, significantly pushing L2+ assisted driving into vehicles priced at 100,000 yuan [5] - The upcoming Huashan A2000 family, set to launch in 2025, features a new NPU architecture that enhances computing power and energy efficiency, supporting advanced algorithms for L3-level assisted driving [5][6] Product Development - The next-generation Huashan A2000 family chip is designed to meet market demands for high computing power, compatibility, and comprehensive solutions, integrating 12 functional units on a single chip [6] - The A2000 chip's "general perception" capability allows vehicles to understand complex scenarios like tunnels and extreme weather, enabling predictive decision-making [7] - Hezhima Intelligent also introduced a safety intelligent base built on the Wudang series chips, integrating standard vehicle functions into a long-lifecycle platform, addressing cost control and rapid platform iteration challenges for automakers [7]

Core Viewpoint - Black Sesame Intelligence has reported impressive financial results for 2024, with significant revenue and gross profit growth, indicating a successful transition from an automatic driving chip supplier to a comprehensive intelligent computing solution provider [4][5][26]. Group 1: Financial Performance - Revenue increased by 51.8% to 474 million yuan in 2024 compared to 2023 [4]. - Gross profit reached 195 million yuan, a remarkable increase of 152.4%, raising the gross margin from 23.7% in 2023 to 41.1% in 2024 [4][5]. - The growth in revenue is attributed to sales to leading domestic automotive OEMs and increased market penetration in commercial vehicles [6][7]. Group 2: Business Model Transformation - Black Sesame Intelligence has successfully transitioned from being a chip supplier to a full-scenario intelligent computing solution provider, driven by the sale of more System-on-Chip (SoC) based automatic driving solutions and proprietary software licensing [8][25]. - The company aims to solidify its core technology while exploring imaginative new business models, including entry into the robotics market and enhancing its presence in commercial vehicle and vehicle-road-cloud integration sectors [26][28][29]. Group 3: Strategic Partnerships and Market Position - The company has established deep partnerships with major automotive manufacturers such as BYD, Geely, and Dongfeng, facilitating large-scale production of its chips [10][12][14]. - Black Sesame Intelligence's chips are recognized for their high computational power, making them the preferred choice for several leading automotive companies [11][12]. - The company is expanding its ecosystem by collaborating with algorithm companies and hardware manufacturers to enhance its delivery capabilities to automotive clients [28]. Group 4: Technological Innovations - The launch of the new Wudang A2000 series chips, designed specifically for automatic driving, showcases the company's commitment to innovation and efficiency in computing [18][20]. - Black Sesame Intelligence has developed key technologies such as the Jiushao NPU and ISP, which optimize performance for automatic driving applications and enhance image processing capabilities [21][22]. - The company is focusing on integrating high-performance computing capabilities into various applications, including smart transportation and industrial automation, leveraging its advanced chip technologies [31].