Core Viewpoint - Xiaoma Zhixing is expanding its operations in first-tier cities and showcasing its latest autonomous driving technology at the Hong Kong International Auto and Supply Chain Expo [2][4]. Group 1: Product Development - The seventh-generation Robotaxi is designed for L4 autonomous driving mass production, utilizing 100% automotive-grade components, with a 70% reduction in total cost compared to previous models [4]. - This model features 34 sensors across six categories, including 9 LiDARs, 14 cameras, and 4 millimeter-wave radars, capable of detecting objects and environments within a 650-meter range [4]. - The Robotaxi is equipped with the world's first L4 autonomous driving domain controller featuring four Orin-X chips, achieving a computing power of 1016 TOPS and a design lifespan of 600,000 kilometers [4]. Group 2: Market Expansion - Xiaoma Zhixing has obtained autonomous driving service permits in Beijing, Shanghai, Guangzhou, and Shenzhen, marking it as the first company to achieve this in all four major first-tier cities [5]. - The addition of the seventh-generation Robotaxi is expected to expand the fleet size, with projections to reach 1,000 vehicles by the end of 2025 [5]. - The company is also planning to extend its Robotaxi services to the urban areas of Hong Kong, contributing to the connectivity of smart connected vehicles in the Guangdong-Hong Kong-Macao Greater Bay Area [6]. Group 3: Global Strategy - Xiaoma Zhixing is actively pursuing global market opportunities, having established operations in South Korea, Luxembourg, and the Middle East, and forming strategic partnerships with companies like Uber and ComfortDelGro [7]. - The company has completed over 45 million kilometers of global autonomous driving testing, with more than 8 million kilometers of fully autonomous testing [7].

Core Viewpoint - The seventh-generation autonomous driving system developed by Pony.ai has officially entered public road testing in Guangzhou and Shenzhen, marking a significant step towards mass production and commercialization [2][7]. Group 1: Technological Advancements - The seventh-generation autonomous driving system features three core breakthroughs: 100% automotive-grade components, a 70% reduction in the cost of the autonomous driving suite compared to previous generations, and rapid adaptability for multiple vehicle models based on a platform design [3]. - It is the world's first fully automotive-grade chip-based system capable of L4-level full-scene autonomous driving, achieving safety at a lower hardware cost through optimized algorithms and inference efficiency [3]. - The system incorporates a multi-redundancy architecture with over 20 safety redundancies and more than 1,000 detection designs, laying a solid foundation for safe driving [3]. Group 2: Operational Experience - Pony.ai has established an operational network covering over 2,000 square kilometers in major cities, including Beijing, Shanghai, Guangzhou, and Shenzhen, through its fifth and sixth-generation autonomous vehicles [6]. - The company has accumulated over 45 million kilometers of global autonomous driving testing mileage, achieving over 500,000 hours of safe operation in all-weather and all-scenario conditions over the past two years [6]. Group 3: Strategic Partnerships - The GAC Aion Bawanglong autonomous vehicle, developed in collaboration with Pony.ai, represents the culmination of their strategic partnership that began in 2018, focusing on L4-level autonomous vehicle technology [7]. - In 2024, the partnership will further enhance cooperation to develop a fully redundant pre-installed mass production autonomous vehicle platform, aiming for deployment in the Greater Bay Area by 2025 [7]. Group 4: Future Plans - 2025 is projected to be the "year of mass production for autonomous vehicles" for Pony.ai, as the company transitions from technology validation to large-scale operations, planning to establish a fleet of over 1,000 vehicles within the year [8]. - Pony.ai is actively building a commercial ecosystem through deep collaborations with various partners, including Tencent Cloud, Alipay, and Uber, to accelerate the deployment of its seventh-generation autonomous driving system into everyday life [8].

Core Viewpoint - The GAC Aion Baolong autonomous driving vehicle equipped with Pony.ai's seventh-generation autonomous driving system has officially received a road testing license for intelligent connected vehicles, marking its entry into real traffic environments for public road testing in Guangzhou and Shenzhen [1] Group 1 - The vehicle has completed validation in laboratory and closed environments before moving to real-world testing [1] - This development signifies a significant step forward in the deployment of autonomous driving technology in urban settings [1]