Core Insights - GAC Group announced the launch of its first L3 autonomous driving vehicle in Q4 2023, emphasizing safety with the introduction of the "GAC Starling Safety Guardian System" [2][3] - The GAC Starling Safety Guardian System includes a comprehensive safety development framework, all-domain safety technologies, and continuous safety assurance [3][4] - GAC unveiled a matrix of 12 automotive-grade safety chips and initiated a collaborative plan for the automotive chip application ecosystem [5] Group 1: Autonomous Driving and Safety - GAC Group is one of the first seven companies in China to receive approval for L3 autonomous driving road trials, addressing user concerns about safety [3] - The safety development framework includes a collision safety standard that exceeds existing international standards, with over 60 testing conditions, which is 3-4 times the industry standard [3][4] - The L3 autonomous driving system has a failure trigger rate controlled within 1 in 1 billion hours, surpassing aviation safety levels by 1000 times [4] Group 2: Technology and Product Launch - GAC launched the Haobo HL, a new flagship model priced between 269,800 and 319,800 yuan, with a 10,000 yuan reduction from the pre-sale price [2][5] - The Haobo HL features a length of 5,126 mm, width of 1,990 mm, height of 1,750 mm, and a wheelbase of 3,088 mm, positioning it as a large six-seat pure electric vehicle [5][6] - The vehicle offers both pure electric and range-extended versions, with the pure electric version having a maximum range of 750 km and the range-extended version achieving a total range of 1,200 km [6] Group 3: Market Position and Challenges - Despite the advanced features, the Haobo brand's market presence is currently low, with average monthly sales not exceeding 1,000 units in the first three months of the year [6] - The decision to enter the market with a higher-priced model poses significant challenges, especially in a competitive environment where cost-effectiveness is a key factor [6]