Core Viewpoint - Lantu Automotive has made a significant breakthrough in China's new energy technology field with the launch of its Lanhai Smart Hybrid Technology, achieving ultra-long pure electric range and comprehensive range for mid-to-large hybrid vehicles [1][11]. Group 1: Technology and Innovation - The Lanhai Smart Hybrid Technology features two core technology groups: "Smart Electric Hub" and "Super Energy Matrix," enabling a pure electric range of 360-410 km and a comprehensive range exceeding 1400 km [1]. - The technology includes a 63 kWh high-capacity battery with industry-leading 5C fast charging capability, allowing for a rapid charge from 20% to 80% in just 12 minutes [4]. - The Lanhai Smart Hybrid Technology boasts an electric drive efficiency of 92.5%, an engine thermal efficiency of 45.18%, and a fuel-to-electric conversion rate of 3.7 kWh/L, marking a revolutionary leap in hybrid driving experience [4][5]. Group 2: Market Positioning and Strategy - Lantu Automotive's introduction to the Hong Kong Stock Exchange signifies a new phase for Dongfeng Motor's new energy business, enhancing its global competitiveness and accelerating core technology development [1][2]. - The independent listing of Lantu Automotive is expected to reshape the value of Dongfeng's brand matrix, driving a leap in the overall development of Dongfeng's self-owned new energy brands [1][2]. Group 3: Safety and Testing - The Lanhai Smart Hybrid's battery pack has successfully passed extreme safety tests, including puncture and drop tests, demonstrating its industry-leading safety protection capabilities [8][10]. - The battery pack features 16 layers of safety protection and has undergone over 1200 tests across various scenarios to ensure user safety during travel [10]. Group 4: Product Launch and Market Impact - The Lanhai Smart Hybrid Technology will be featured in three flagship models set to launch in the second half of 2025, with the 2026 Lantu Dreamer being the first to utilize this technology [11]. - The Lantu Pursuit L will be the world's first hybrid car with a pure electric range of 410 km, catering to daily commuting needs with minimal charging [13]. - Lantu's comprehensive approach to hybrid technology positions it as a leader in the market, with plans to meet diverse consumer demands through its flagship models across MPV, SUV, and sedan categories [11][13].