Group 1: Company Overview - The company is Huizhou Desay SV Automotive Electronics Co., Ltd. [3] - Stock code is 002920, and the stock abbreviation is Desay SV [1]. Group 2: Investor Relations Activity - The investor relations activity was conducted as a targeted research meeting on September 25-26, 2025 [5]. - Participants included representatives from various funds and investment firms, such as Longview Fund and Goldman Sachs [2][4]. Group 3: Business Progress and Developments - The company’s smart cockpit and intelligent driving domain control business are experiencing positive growth, with the fourth-generation smart cockpit in mass production for clients like Li Auto and Xiaomi [5]. - The company has secured new project orders from major clients, including Geely and GAC Aion, for its fourth-generation flagship smart cockpit domain control products [5]. Group 4: Regulatory Impact - New regulations are expected to enhance the safety and reliability of assisted driving systems, requiring manufacturers to avoid misleading advertising and improve system capabilities [6]. - The company supports stricter standards to ensure user safety and aims to enhance system performance in response to these regulations [6]. Group 5: Global Expansion Strategy - The company is enhancing its global presence with strategic branches in countries like Germany, France, and Japan, and plans to start production in a smart factory in Spain by 2026 [7]. - It aims to become an indispensable partner in the global supply chain for Chinese automotive brands, focusing on localized service capabilities [7]. Group 6: Autonomous Vehicle Development - The company has launched its brand "Chuanxing Zhiyuan" for autonomous vehicles, achieving significant market interest and securing customer orders [8]. - The autonomous vehicle features a robust design and has improved its climbing capability from 20% to 25%, ensuring adaptability across various terrains [8]. Group 7: Comprehensive Intelligent Solutions - The company has introduced a full-stack assisted driving solution that integrates hardware, system, and core algorithms to meet diverse market needs [8]. - This solution allows for efficient resource utilization and customization based on regional regulations and requirements [8].

Core Insights - Desay SV's brand "Chuanxing Zhiyuan" has launched the S6 series low-speed unmanned vehicles, which have garnered significant attention and received customer orders [2] - The S6 series includes the S6 Wing and S6 Side Door models, marking the entry of the automotive-grade era in the low-speed unmanned vehicle industry [2] - The vehicles are designed with a self-developed automotive-grade "Yuanxing" battery, meeting the stringent 2025 battery standards for M1 passenger vehicles and N1 commercial vehicles [2] - The battery features A-grade cells with a 70% State of Health (SOH) and a lifespan of 4000 cycles, with a warranty of 6 years or 300,000 kilometers [2] - Desay SV plans to leverage its core technologies and systematic capabilities in automotive electronics to continue exploring and researching in the robotics field [2]

Group 1 - The company has launched its self-developed low-speed unmanned vehicle series, the Chuanxing Zhiyuan S6, which incorporates a vehicle-grade design and manufacturing system into the low-speed unmanned vehicle industry [2] - The S6 series utilizes a self-developed vehicle-grade "Yuanxing" battery that meets the stringent requirements of the 2025 M1 class passenger vehicle and N1 class commercial vehicle battery standards (GB 38031-2025) [2] - The battery features A-grade cells with a 70% state of health (SOH) and a cycle life of 4000 times, with a warranty period extended to 6 years or 300,000 kilometers [2]