FOTON(SH:600166)2024-07-26 07:34Group 1: Intelligent Driving Promotion - The company has fully applied L0-L2 level intelligent driving functions across various products due to regulatory requirements, demand upgrades, technological maturity, and cost reductions after localization [2] - The company actively participates in intelligent network trials and demonstrations in various scenarios, including logistics and highways [2] - Core technologies such as intelligent driving algorithms and operation platforms are being developed [2] Group 2: L4 Autonomous Bus Project - The L4 level autonomous bus project in Beijing is a collaboration between the company, Beijing Public Transport Group, and other partners [2] - The project has deployed two autonomous buses that have accumulated over 10,000 kilometers in operation and are currently in passenger testing [2] Group 3: New Energy Light Truck Market - The new energy light truck market is expected to grow due to strengthened environmental policies, technological advancements, and improved charging infrastructure [3] - In the first half of 2024, approximately 120,000 new energy light trucks were sold, representing a 53% year-on-year increase and a market penetration rate of 13% [3] - The expected annual penetration rate for new energy light trucks is projected to be between 12% and 14% [3] Group 4: Overseas Export Performance - In the first half of 2024, the company exported about 80,000 vehicles, a 30% increase year-on-year, with a market share of 17% [3] - The primary export markets include Central and South America, as well as Southeast Asia [3] Group 5: R&D Investment - The company invested 2.251 billion yuan in R&D in 2023, accounting for 4% of total revenue, which is considered high in the industry [3] - Key areas of investment include new energy, light truck platforms, and new product development [3] - The company plans to maintain saturated R&D investment focusing on intelligent networking, new energy, hybrid power, lightweight technology, and automatic transmission technology [3] Group 6: Investor Relations Activity - The investor relations activities included targeted research, roadshows, and one-on-one communications [2] - The company ensured accurate and timely information disclosure during the investor engagement process [4]