Recently, the public list of the sixth batch of specialized, innovative “little giant” enterprises was released, and Zhixing Automotive Technology (01274.HK) was successfully selected.

Specialized and innovative enterprises refer to small and medium-sized enterprises with specialization, refinement, specialization, and outstanding innovation capabilities, and specialized “little giant” enterprises are the best of them. They are leading enterprises focusing on market segmentation, strong innovation ability, high market share, master key core technologies, and excellent quality and efficiency. They are also a vital force for repairing and strengthening chains.

In the first half of 2024, Zhixing Auto Technology (01274.HK) received a total of 18 fixed order letters from well-known OEM customers including Chery, Geely, Dongfeng, Zero Sports, and Polestar. In addition, Zhixing Automobile Technology (01274.HK) actively explores product application fields and obtained project designation letters from well-known domestic flying car companies in 2024.

Overseas, the German subsidiary established by Zhixing Automotive Technology (01274.HK) in 2023 has been put into operation. On the one hand, it provides support for Chinese customers going overseas to Europe, including road testing, functional verification, regulatory certification, and after-sales support. In the first half of 2024, we helped two Chinese customer models obtain EU GSR (General Safety Regulation) certification. At the same time, the German subsidiary also directly provides services to European customers to further explore the European market. Currently, it has been designated as a model for a European luxury high-performance electric vehicle brand. Zhixing Automotive Technology (01274.HK) will provide them with autonomous driving domain controller products, and this customer model targets the global market.

In terms of R&D processes, Zhixing Automotive Technology (01274.HK) has passed multiple certifications such as functional safety ISO 26262, automotive network security ISO 21434, and ASPICE CL2 to meet EU safety requirements.

In terms of traffic environment and user habits, Zhixing Auto Technology (01274.HK) has developed localized intelligent driving algorithms that can adapt to European traffic scenarios, including perception and decision control algorithms, which can recognize specific European traffic scenarios and control vehicles to drive according to European roads and driving habits to meet European road conditions and user driving habits.