Core Viewpoint - Geely aims to transform Qianli Technology into a "second Huawei" by integrating its smart cockpit team into Qianli Technology, enhancing its technological capabilities [1][5]. Group 1: Company Strategy - Geely has invested in Qianli Technology, which was formerly Lifan Technology, and has been steering the company towards an "AI + vehicle" strategy since 2024 under Chairman Yin Qi [1]. - The integration of the smart cockpit team is part of a broader strategy to consolidate Geely's intelligent business units, which have undergone multiple reorganizations this year [1][2]. - Geely's CEO has emphasized the importance of maximizing shared resources in smart cockpit technology to unify software and hardware development [2]. Group 2: Team Integration - The smart cockpit team from Geely Central Research Institute, led by Jiang Jun, will be integrated into Qianli Technology, while Jiang will continue as Chief Scientist [1]. - Prior to this integration, Geely's smart cockpit development was fragmented across multiple teams, including those from Zeekr, Lotus, and others [2]. - The integration aims to streamline operations and enhance the development of smart cockpit systems across Geely's various brands [2]. Group 3: Advanced Driver Assistance Systems (ADAS) - Geely has multiple teams working on ADAS, including those from the research institute, Zeekr, and Lotus, which are now being consolidated under the "Qianli Haohan" unified intelligent travel solution [3][4]. - The "Qianli Haohan" system includes five versions (H1, H3, H5, H7, H9), with H5 already utilizing an end-to-end large model [3]. - A deeper integration of the ADAS teams occurred in August, forming a new entity called Qianli Zhijia, which includes contributions from Geely, Qianli Technology, and Megvii [4]. Group 4: Financial Backing and Future Prospects - In September, Mercedes-Benz invested approximately 1.3 billion yuan in Qianli Technology, strengthening its financial position [5]. - Qianli Technology has submitted a listing application to the Hong Kong Stock Exchange, indicating its growth ambitions and efforts to compete with Huawei [5].

Core Viewpoint - The "One Geely" strategy is becoming clearer as Geely Group establishes separate vehicle research institutes for its brands Zeekr and Lynk & Co, indicating a shift towards independent operations for these brands after their integration [1][9][10]. Group 1: Establishment of Research Institutes - Geely Group has announced the establishment of Zeekr Vehicle Research Institute and Lynk & Co Vehicle Research Institute, with specific product lines assigned to each [1][3]. - The Z, C, and M product lines, including models like Zeekr 9X and Zeekr 007, are now under the Zeekr Vehicle Research Institute, while the L and K product lines, including Lynk & Co 900 and Lynk & Co 08, are under the Lynk & Co Vehicle Research Institute [1][2]. Group 2: Integration and Management Structure - The integration process began with the unification of the smart cockpit teams, which is now led by Geely's Chief Cockpit Scientist, Jiang Jun [4][5]. - Geely has also formed the Galaxy Division to manage all its new energy passenger vehicle brands, further streamlining its operations [6]. - The integration of the autonomous driving teams has resulted in a new team of over 3,000 members under Qianli Technology, adopting a dual CEO structure [7][8]. Group 3: Strategic Goals and Expectations - Geely's integration aims to enhance efficiency, with targets for growth exceeding 5% and cost savings in R&D and management expenses projected to be in the tens of billions annually [14]. - The establishment of separate vehicle research institutes is expected to strengthen brand differentiation, with Zeekr positioned as luxury and technology-focused, Lynk & Co as trendy and sporty, and Galaxy as a mainstream new energy brand [14]. Group 4: Market Performance and Future Outlook - Geely's vehicle deliveries have shown significant growth, with 23.77 million units delivered in July, a 58% year-on-year increase, and 25.02 million units in August, indicating strong market performance [15]. - As of the end of August, Geely has delivered a total of 1.897 million vehicles, achieving 63.2% of its annual sales target of 3 million units, suggesting a positive outlook for reaching its goal of 5 million units by 2027 [15].

Group 1 - The salary of automotive executives has been revealed, with Li Xiang of Li Auto earning 639 million yuan, while Geely's Li Shufu only received 37,600 yuan [2][4] - Li Auto's Li Xiang's compensation consists of a base salary of 2.665 million yuan and a stock option incentive of over 636 million yuan due to the company's delivery target [2] - In comparison, the chairman of Xiaopeng Motors, He Xiaopeng, earned 1.676 million yuan, while the chairman of Leap Motor, Zhu Jiangming, received 8.119 million yuan [2][4] Group 2 - Alibaba's Tongyi Application Visual Team leader, Bo Liefeng, has left the company to join another internet giant as the head of the multimodal department [6] - The departure of Bo Liefeng follows a trend of key personnel leaving Alibaba's Tongyi Lab, including the voice team leader, Yan Zhijie [7] - The company has faced scrutiny over the mislabeling of battery types in its vehicles, specifically regarding the AITO M8 model, which was incorrectly labeled as using lithium iron phosphate batteries instead of ternary lithium batteries [7][8] Group 3 - JD.com has changed its recruitment rules for delivery riders, now covering all social insurance and housing fund costs, which amounts to approximately 2,000 yuan per month [12] - Zeekr has integrated its smart cockpit team into Geely's central research institute, while still using the ZEEKR AI OS system for its vehicles [19] - Tesla's Shanghai Gigafactory produces over 95% of the parts for the Model 3 and refreshed Model Y locally, collaborating with over 400 local suppliers [20] Group 4 - The U.S. is focusing on tracking "special supply chips" to China, with legislation proposed to monitor the location of Nvidia chips [24] - Shein and Temu are increasing their advertising spending in Europe as they shift focus from the U.S. market due to high tariffs [25][26] - Apple is reportedly considering a staggered release schedule for iPhones, with Pro models potentially launching ahead of standard models starting in 2026 [26][27]