Group 1 - The company, Chasing Technology, announced the launch of a "astronomical-level" photography smartphone aimed at enabling users to capture deep space objects like nebulae and galaxies even in heavily light-polluted urban environments [1] - The CEO of Chasing Technology, Yu Hao, stated that the company aims to compete with Huawei and Xiaomi in the high-end smartphone market, specifically targeting the segment priced above 5000 yuan [1] - Chasing Technology has also announced plans to enter the automotive industry, with two brands: Chasing Automotive and Starry Sky Automotive, targeting high-end models comparable to Bugatti and Cullinan/Bentley respectively [1]