1. Reported Industry Investment Rating - No relevant information provided 2. Core Viewpoints of the Report - The report focuses on the in - depth research of BAIC BluePark, covering aspects such as factory construction, high - end vehicle layout, and strategic cooperation [22][23][25] 3. Summary by Related Catalogs 3.1 Research Basic Situation - The research object is BAIC BluePark, which belongs to the automotive vehicle industry. The reception time was on January 29, 2026, and the listed company's reception staff included the board secretary Qiao Yuanhua and the capital market management supervisor Wang Yanan [16] 3.2 Detailed Research Institutions - The research institutions include fund management companies like E Fund, and multiple securities companies such as CITIC Securities, CITIC Construction, Founder Securities, Zhongtai Securities, Soochow Securities, Western Securities, Caitong Securities, and Guotai Haitong Securities [17] 3.3 Research Institution Proportion - No relevant information provided 3.4 Main Content Data - **Question 1**: BAIC New Energy plans to invest in the industrialization of high - end platform models and the digital and intelligent upgrade of production lines at the Xiangjie Super Factory. The production line transformation will be carried out in stages to match the launch rhythm of three new products of the Xiangjie brand. The first - stage transformation aims to ensure that two models can be launched this year [22] - **Question 2**: The company obtained the first - batch national access permit for L3 - level autonomous driving products in December 2025. It is formulating a systematic plan for in - depth L3 layout and plans to launch L3 - level high - end mass - produced models for C - end users in 2026 and 2027 [23][24] - **Question 3**: The company reached a "five - in - one" comprehensive and in - depth strategic cooperation with Pony.ai. The core highlights are the forward - looking R & D and mass production of L4 autonomous driving models and the joint development of overseas markets such as Europe and the Middle East based on the Jihu L4 model [25]