exclusive| Magnificent Inqi is at the helm of thousands of miles of technology for a hundred days: the name has been transformed into Lifan, and many former and most powerful generals have been included under his command

Photo source: Visual China

Blue Whale News, February 18 (Reporter Li Zhuoling)“Lifan ‘s name officially bid farewell to A shares.

On February 18, Lifan Technology’s securities abbreviation was officially renamed Qianli Technology (updated below), and the securities code 601777 remains unchanged. At the first extraordinary shareholders ‘meeting in 2025 a few days ago, the company’s “Proposal on Changing the Company Name, Securities Abbreviations and Amending the Articles of Association” was unanimously approved by the participating shareholders.

It is reported that this extraordinary shareholders ‘meeting was chaired by Yin Qi, chairman of the company. Since being elected chairman on November 11 last year, Inch has been at the helm of the Chongqing company for nearly a hundred days, and internal changes are quietly underway.

In addition to the company’s name being removed from Lifan, Blue Whale News learned that behind Inky’s claim that AI+ vehicles are the trend and intelligence is a clear card, its personnel adjustments are also accelerating.Blue Whale News learned exclusively from multiple sources that Qianli Technology has recently welcomed a number of talents in the field of intelligence, including Zhang Xing, former head of the smart cockpit of the polar Vietnam, and Jia Xiujiang, former head of the complete vehicle product of the polar Vietnam.

Regarding any new internal actions in the near future after the name change, people from Thousand Miles Technology told Blue Whale News that there will be some later.Regarding the current situation, one of the above-mentioned senior executives of Qianli Technology told Blue Whale News that preparations are still under way.

Several former Eurasian executives parachuted

It is reported that although the new power car company has encountered a series of storms due to problems such as the capital chain, which has become a thing of the past, from the perspective of the industry, the product technologies it has released in the past are still remarkable.

Previously, Ji Yue’s focus has been around the label of intelligence. Public information shows that Geyue 01 is officially defined as an AI car robot and is a species of the next era; in August last year, Geyue launched a native AI large model cockpit, and the SIMO2.0 system has become a smart cockpit with lip movement recognition functions in the industry.

Zhang Xing is one of the key figures behind the promotion of intelligent research and development in Vietnam.

According to business figures, when the big model broke out in 2023, Zhang Xing judged that the intelligent competition in the automobile industry in 2024 will be a competition for the next generation of product experience brought about by the big model technological transformation, and car companies will not hesitate at all costs. Competing for the native application of the big model; in September of the same year, Zhang Xing began to conceive of the core competition point for the company’s next generation of smart cockpit products. However, due to the lack of a frame of reference, the entire research and development process is extremely difficult.

Jia Xiujiang also plays a spiritual role in the definition of extremely intelligent products.Regarding whether it is a gimmick for Yue to define his product as a smart car robot, Jia Xiujiang once said in an interview with other media at last year’s Beijing Auto Show that his original intention was to make a highly intelligent product similar to a robot, such as a purely visual solution. ldquo; In fact, whether it is pure vision or voice interaction, all the foundation and core behind it are the capabilities of AI. The core of AI’s capabilities is the recognition, perception and understanding of images, and the perception, recognition and understanding of speech. If these are connected, whether it is a car, a bipedal robot, or a humanoid robot, it is actually similar. rdquo;

Behind the joining of these two heroes, the intelligent development of Qianli Technology may be expected to accelerate.

“In the future, only companies with core competitiveness of AI will have the opportunity to outperform the new era. rdquo; Inqi said in the New Year’s message released by Qianli Technology’s official Weibo on January 24 this year that in the new year, the company must take the initiative to seek change, go all out to embrace the wave of intelligent change, and accelerate the pace of business upgrades around the goal of Al+ vehicles.

In its view, Al+ cars are not only a revolution in technological innovation, but also a revolution in industrial integration. ldquo; On the one hand, we must take technological innovation as our core competitiveness and comprehensively enhance our research and development capabilities in autonomous driving, smart cockpits and other fields. On the other hand, we must continue to promote the integration of ecological resources, promote the integration of AI technology and high-end manufacturing, and achieve comprehensive upgrading of product innovation and business models. rdquo;

Photo source: Qianli Technology Official Weibo

How to boost performance?

As the new helm of Qianli Technology, Inqi is one of the most influential figures in the AI world.It is reported that Yinqi was born in 1988 and founded China artificial intelligence company Beijing Quangshi Technology Co., Ltd. in 2011. The latter was dubbed by the outside world as the four domestic AI dragons at that time.

Last year, it invested more than 2.4 billion yuan in Qianli Technology (formerly Lifan), which made Inqi suddenly gain high attention in the automobile circle.

According to Blue Whale News, in early July last year, the news that Jianghe Shunsui, a subsidiary of Yinqi, planned to transfer the shares of Qianli Technology held by companies under Geely Group for a price of 2.43 billion yuan triggered heated discussions; on October 25 of the same year, Qianli Technology issued an announcement stating that Zhou Zongcheng no longer serves as a director, chairman, and special committees under the board of directors of the company. Upon nomination by shareholders, Yinqi was a non-independent director candidate for the sixth board of directors of the company. On November 11 last year, Qianli Technology announced the resolution of the ninth meeting of the sixth board of directors, stating that the meeting reviewed and approved the “Proposal on the Election of the Chairman of the Sixth Board of Directors” and agreed to elect Yinqi as the chairman of the sixth board of directors of the company., the term of office starts from the date of review and approval by this board of directors to the date of expiration of the sixth board of directors.

Regarding the question of what Inky likes in Qianli Technology, previously, including the 2.4 billion yuan to leverage the next Celis?” rdquo; Speculative remarks such as Sword Finger Robotaxi have appeared in the newspapers.

According to public information, Avantvision Technology publicly demonstrated in-vehicle AI vision solutions as early as November 2018, including face unlocking, account switching, driver recognition, multimodal interaction and other functions based on in-vehicle systems and driving processes. Subsequently, in 2021, Magnificence Technology began to develop smart driving solutions.

In August 2023, Liu Wei, president of Magnificent Technology’s smart driving business, told the media that the company’s smart driving department has hundreds of employees, most of whom are algorithm R & D personnel, and some delivery personnel. It also said that Magnificence Technology’s smart driving solution is a cost-effective path, that is, to reduce the hardware cost required by the same technical indicators as much as possible, emphasizing mass production and large-scale driving assistance solutions. ldquo; I hope that by 2025, we will be able to reach the top three in the industry.& rdquo;

Regarding the internal adjustments after Lifan changed its name to Qianli Technology, an old Lifan person bluntly told Blue Whale News that AI is here and AI empowers multiple industries.” rdquo;

ButAt present, for 37-year-old Inqi, how to boost the performance of Qianli Technology is a big test.According to Qianli Technology’s financial report, from January to September last year, Qianli Technology achieved operating income of 4.815 billion yuan, a year-on-year increase of 11.19%; its net profit attributable to its parent company was 39.947 million yuan, a year-on-year decrease of 35.34%. Among them, its Q3 net profit fell 36.33%.

According to public information, Lifan Technology (Group) Co., Ltd., as the predecessor of Qianli Technology, was founded in 1992. It was once the first brother of domestic motorcycles, and its founder Yin Mingshan was once the richest man in Chongqing. After entering the car track, it experienced a peak of selling more than 200,000 cars at home and abroad, but entered the bankruptcy reorganization process in 2020 due to insolvency.

In 2020, Lifan Technology successfully reorganized with the efforts of all parties, introducing Manjianghong Fund and Geely Maijie Investment Co., Ltd., a subsidiary of Geely Technology, as strategic investors and industrial investors. At that time, Geely’s entry into power was called by the outside world as the key to Lifan’s escape from difficulties and regain its rebirth. Subsequently, Lifan successfully turned losses into profits, removed its hat and changed its name.

Now, under the helm of Inqi, where will Qianli Technology head after its name change? Still waiting for the bullet to fly.