Core Viewpoint - The company Siwei Tuxin (stock code: 002405) has successfully completed a significant investment in Jianzhihui Robot, enhancing its performance with an estimated investment income of approximately 1.5 billion RMB, positioning Jianzhihui as a core platform for its intelligent driving business [2]. Group 1: Investment and Financial Impact - Siwei Tuxin invested 250 million RMB and acquired 100% equity of Tuxin Zhijia to subscribe for shares in Jianzhihui Robot, becoming its largest shareholder with a 39.14% stake [2]. - The investment is expected to increase Siwei Tuxin's consolidated investment income by approximately 1.5 billion RMB, significantly boosting the company's financial performance [2]. Group 2: Product Development and Offerings - Jianzhihui has developed a product matrix covering low, medium, and high-level intelligent driving solutions, including: - Low-level solution: PhiGo Lite based on Horizon Journey® 3, with orders from leading automotive companies and upcoming global deliveries [3]. - Medium-level solution: PhiGo Pro based on Journey® 6E, already scaling production across various vehicle models and price ranges, with plans to extend to models under 100,000 RMB [3]. - High-level solution: PhiGo Max based on Journey® 6P, expected to enter mass production in 2026 [3]. Group 3: Technological Advancements - Jianzhihui demonstrates significant technological advantages, including the industry's first mass-produced BEV and OCC perception paradigms, and has achieved top rankings in the nuScenes evaluation [4]. - The company has shipped over 1.3 million intelligent driving solutions, showcasing its expertise in algorithm engineering and cost control in hardware BOM [4]. Group 4: Order Backlog and Market Position - Jianzhihui has a robust order backlog with 6.8 million sets of intelligent driving solutions secured, covering over 20 mainstream automotive companies and 100 vehicle models [5]. - Some orders have already entered the mass production phase, which is expected to gradually release revenue and support the company's long-term growth [5]. Group 5: Business Synergy and Data Compliance - Siwei Tuxin is also advancing in the vehicle-road-cloud sector, having won bids for high-level autonomous driving demonstration projects in various cities [6]. - The company has established a comprehensive data security risk prevention system, ensuring data compliance and safety, and is collaborating with major cloud service providers to form a global data compliance ecosystem [7].

Group 1: Investment and Ownership - Four-dimensional Map New Technology Co., Ltd. invested RMB 2.5 billion and acquired 39.14% of Intelligent Robot, becoming its largest shareholder [2] - The investment is expected to increase the consolidated investment income of Four-dimensional Map by approximately RMB 1 billion [2][3] Group 2: Product Offerings - New Intelligent Robot offers a full range of intelligent driving solutions, including entry-level, mid-range, and high-end products [3][4] - The company has received mass production orders from multiple leading domestic and international automakers [3][6] Group 3: Technical Capabilities - New Intelligent Robot has original capabilities in mass production-level BEV and OCC perception paradigms, ranking first in the nuScenes authoritative evaluation set [4] - The company has shipped over 1.3 million units, showcasing its leading algorithm engineering capabilities [4] Group 4: Business Model and Market Strategy - Four-dimensional Map aims to become a leading Tier 1 player in automotive intelligence, with New Intelligent Robot serving as a Tier 2 provider [5] - The company has secured 6.8 million sets of intelligent driving solutions in new orders, covering over 20 mainstream automakers and 100 models [6] Group 5: Infrastructure and Data Compliance - The company is one of the earliest players in the vehicle-road-cloud industry, with ongoing projects in 20 pilot cities [7][8] - Four-dimensional Map has developed a comprehensive data security risk prevention system, supporting safe data flow and compliance for automotive enterprises [8]

Group 1: Investment Overview - Four-dimensional Map Technology Co., Ltd. invested 250 million RMB to acquire 39.14% of Intelligent Robot, becoming its largest shareholder [1] - The investment is expected to increase the consolidated investment income by approximately 1.5 billion RMB [1] - The investment was successfully completed on December 10, 2025 [1] Group 2: Product Offerings - Intelligent Robot offers a differentiated product matrix ranging from low to high-level autonomous driving solutions [2] - Key products include PhiGo Pro, PhiGo Pro+, and PhiGo Max, with capabilities such as full coverage in urban and highway scenarios and support for city NOA functions [1][2] - PhiGo Max features over 1000 Tops of computing power and is designed for future upgrades to Level 3 autonomy [1] Group 3: Technical Capabilities - The company has original capabilities in mass production-level BEV and OCC perception paradigms, ranking first in the nuScenes evaluation [2] - The OmniNWM technology significantly enhances video generation quality, control precision, and long-term stability, improving robustness in complex driving scenarios [2] - The company has shipped over 1.3 million units, showcasing its leading algorithm engineering capabilities [2] Group 4: Business Strategy and Orders - The company aims to focus on automotive intelligence, striving to become an industry leader with a dual-platform development and production capability [2] - Current orders span low, medium, and high-level products, with clients including top international car manufacturers and luxury brands [2] - Revenue from these orders is expected to improve as production progresses [2] Group 5: Vehicle-to-Everything (V2X) Developments - The company is one of the earliest players in the V2X industry in China, with significant technical reserves and experience [2] - It has won bids for projects in high-level autonomous driving demonstration zones, including the provision of intelligent perception equipment [2] - Ongoing projects are advancing in multiple cities, including Beijing, Changchun, and Jinan [2]