Smart driving business breaks through and gains momentum, with a hundred-billion-yuan Qianli Technology's value re-evaluated.

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(Source: 21st Century Economic Herald)

One year after the “AI+Car” strategy was rolled out, the results of tech achievements have already started to show over distances of thousands of miles.

In early April, the company released its 2025 dual-increase performance—full-year operating revenue reached 9.999 billion yuan, up 42.1%; net profit attributable to shareholders was approximately 0.84 billion yuan, up 111%.

More encouraging than the overall revenue is the breakthrough in commercialization in the technology business segment, with revenue of about 350 million yuan.

2025 is a pivotal year for Qianli Technology to transform, break through, and turn the situation around. The traditional manufacturing business grows steadily, the growth potential of the technology business is initially realized, and it has formed a core pattern driven by a dual-engine of “manufacturing business + technology business.”

In the new year, Qianli Technology will continue to increase investment at the levels of technology and R&D. In terms of commercialization, former Honor CEO Zhao Ming has joined, and the company will advance an AI commercial closed loop to take revenue to another level.

Revenue approaching 10 billion, with two engines working in tandem

Guided by the “AI+Car” strategy, Qianli Technology’s revenue surged to nearly 10 billion yuan. The main drivers are increased sales of the company’s automobiles and motorcycles within its manufacturing business, which led to higher revenue.

In 2025, Qianli Technology’s automobile business revenue increased 52.7% year over year, with its operating structure continuing to optimize. Revenue from motorcycles and general-purpose communication equipment reached 2.88 billion yuan, and motorcycle sales rose 15.1% year over year.

The steady-growth terminal businesses such as automobiles not only help the company expand its technology business and provide performance support, but also form the foundation for rolling out the “AI+Car” strategy, enabling emerging technology businesses to achieve revenue breakthroughs. As they start to contribute revenue, AI intelligent driving-related business revenue reached 350 million yuan.

Although the revenue scale is not large, as a strategic transformation into AI intelligent driving, generating revenue in its first year shows that the market has initially recognized the product’s value. This not only proves the company’s ability to self-sustain its growth, but also draws a broader imagination space for Qianli Technology’s AI+Car blueprint.

In 2025, leveraging its advantages in automotive and AI R&D, Qianli Technology will set up a technology business segment, focusing on three major core tracks: intelligent assisted driving, smart cockpits, and Robotaxi.

At the same time, Qianli Technology and Geely jointly released the advanced intelligent driving system “Qianli Haohan” (G-ASD). The ASC 100 platform for the smart cockpit has completed development, promoting an upgrade to the paradigm of human-vehicle interaction experience. Robotaxi road tests in key cities such as Chengdu are also advancing steadily.

During the reporting period, “Qianli Zhijia 1.0” L2+ level intelligent assisted driving solution was released and achieved large-scale deployment.

Backed by the Geely group, scaling up from the start. Taking Zeekr 9X as an example, it is equipped with two sets of assisted driving solutions—Qianli Haohan H7 and H9—and has been highly praised by owners. With 400,000 units installed, it has entered the first tier.

Practicing the strategy—an ecosystem begins to take shape

Over the past year, Qianli Technology has seen both its manufacturing business and technology business engines gain momentum and move forward in parallel. Behind the strong performance is the management’s firm commitment to driving strategy implementation and continuously increasing R&D efforts.

To further enhance product innovation capability and market competitiveness, in 2025 Qianli Technology continuously strengthened its R&D investment, with R&D expenses reaching 820 million yuan, doubling year over year.

In terms of organizational structure, Yin Qi, who graduated from Tsinghua’s Yao Class and holds a master’s degree in computer science (intelligent sensing) from Columbia University, and is one of China’s AI “Four Little Dragons,” took charge. After the management entered, it strongly recruited AI technical talent as well as high-end leading talent in intelligent manufacturing and technology R&D.

As of the end of 2025, among R&D personnel, the number of people with a master’s degree or above was 1,003, an increase of 925 compared with the previous year.

In the AI era, the higher the density of talent, the stronger the organization’s innovation capability—and the faster its business evolution will grow at an exponential rate.

With an R&D workforce of such scale, Qianli Technology has built technology platforms such as intelligent assisted driving and smart cockpits, achieving an end-to-end closed loop covering computing power, data, model training, simulation, and evaluation. Moreover, the full-stack advancement of intelligent driving is driven by large models; the company innovatively proposed a new industry indicator for intelligent driving systems called “modulus inclusion.”

Based on an end-to-end model architecture, the company has developed cutting-edge AI technologies such as vision language models (VLM), vision language action models (VLA), and world models, aiming to build high-modulus intelligent vehicle solutions.

The rapid iteration and deployment of these core technologies have accelerated the rollout of a range of frontier functions such as “full-scenario D2D, voice-controlled driving, VPD parking, G-AEB/AES active safety, and 720° panoramic safety,” and have also systematically completed a full product layout—from mainstream adoption (H5), to flagship benchmarks (H7), to technology-forward exploration (H9).

Qianli Technology’s technology business is not only about empowering its own manufacturing business. It adheres to an open and collaborative development philosophy: it actively brings in capable industrial investors, deeply integrates high-quality resources across the industry chain—such as automakers, chip companies, and large model vendors—and builds an ecosystem system for multi-party coordination and mutual benefit. This lays a solid foundation for the growth of the technology business.

In July last year, Qianli Technology, together with multiple industrial partners, established Chongqing Qianli Zhijia Technology Co., Ltd., taking a key step toward building the industrial ecosystem. In October, it reached a strategic cooperation with the Chengdu municipal government, jointly building a Robotaxi operations benchmark project;

In the same month, it introduced strategic industry shareholder Mercedes-Benz Digital Technology. This shows that Qianli Technology’s products have already been recognized by international tech giants.

Growth flywheel turning faster

Since the beginning of the year, the installation boom of the open-source intelligent agent OpenClaw (lobster) has made more people realize that AI is already the foundation for all industries. Qianli Technology, which has firmly committed to AI early, is set to seize development opportunities in 2026 and is accelerating commercialization.

In terms of personnel, the addition of former Honor CEO Zhao Ming in early 2026 is viewed as a key move for Qianli Technology to advance an AI commercial closed loop and achieve productization and large-scale capabilities.

At the same time, Qianli Technology’s team understands automotive hardware and has also deeply focused on areas such as intelligent driving. Even more valuable is that Chairman Yin Qi is also at the helm of the large model company Jueyuexingchen. In the “AI+Automobile” track, Qianli Technology is one of the very few players that has all key elements gathered together.

On the product front, the value of Qianli’s unique technical system has already been proven. After half a year on the road, the high-modulus assisted intelligent driving system G-ASD has achieved first-tier performance in terms of real user experience and media comparisons.

According to a research report by Bank of China Securities, intelligent driving technology is progressing from basic ADAS (driver assistance systems) toward incremental iterations including high-speed NOA, urban NOA, and Robotaxi (autonomous taxis). The industry cycle is entering a stable phase of mass production. By 2029, the market size for China’s L2+ intelligent driving solutions is expected to grow to over 150 billion yuan. From 2024 to 2029, its CAGR will reach 33.7%.

Backed by a large ecosystem, the ecosystem dividends for the technology business continue to be released. The three major sub-segments will race at a “hundred-meter dash” pace.

Specifically, in the intelligent driving business, in addition to covering Zeekr, Galaxy, Lynk & Co, Volvo and other brands under the Geely group, as well as more than 60 vehicle models, the company also cooperates with other leading automakers at home and abroad. System-installed volume is expected to reach one million vehicles.

For the smart cockpit business, the company is pushing forward product upgrade R&D and achieving large-scale mass production. It will focus on efforts to secure cooperation with leading customers and seize the commanding height in the high-end smart cockpit market. For the Robotaxi business, it focuses on the advantages of pilot rollout in the Sichuan-Chongqing region, expands deeply into city clusters and application scenarios, optimizes operational efficiency, and drives a closed-loop business model.

Three arrows fired in unison will jointly drive a new-business technology, enabling leapfrog growth and delivering a larger revenue base.

Based on the “AI+Car” strategy, Qianli Technology’s 2025 performance has already seen significant improvement. In the new year, the technology business will further complete the commercial closed loop and maintain a high-growth momentum; it will also help Qianli Technology enter a space filled with expectations for high growth potential.

*This article is for reference only and does not constitute investment advice.

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