Core Insights - Yu Hao, the CEO of Chasing Technology, has publicly addressed the company's foray into the automotive sector, emphasizing the expertise of the team and the financial feasibility of the project [1] - Chasing Technology officially announced its entry into car manufacturing on August 28, with plans to launch a luxury electric vehicle aimed at competing with the Bugatti Veyron by 2027 [1] - The automotive project has assembled a team of nearly 1,000 professionals, including core R&D personnel from its previous smart hardware business and seasoned experts from traditional automotive manufacturing [1] - On September 8, Yu Hao and his team visited Germany to select a factory site for Chasing Automotive, located near Tesla's Berlin Gigafactory [1]

Group 1 - The core point of the news is that Chasing Car is planning to build a factory in Berlin, Germany, making it the first Chinese car brand to establish a manufacturing facility in Germany, located near Tesla's Berlin Gigafactory [1] - Chasing Car is preparing for global market expansion in collaboration with BNP Paribas, indicating a strategic move to enhance its international presence [2] - The company has formed a nearly 1,000-person team for car manufacturing, integrating talents from both smart hardware and traditional automotive sectors, creating a dual-driven organizational structure of "intelligence + manufacturing" [2] Group 2 - Chasing Car's first ultra-luxury electric vehicle is set to compete with the Bugatti Veyron, with plans for its debut in 2027 [2] - The company's technology products are currently available in over 100 countries, achieving market leadership in Germany, France, and other regions [2] - Chasing Car has established over 6,000 offline channels globally and has a user base of 30 million, particularly strong in the European market [2]