Joining hands with the "Ning Wang" subsidiary, MINIEYE (02431) "unlocks" new possibilities for intelligent driving.

Shortly after the Lunar New Year of the Horse, the intelligent driving pioneer MINIEYE (02431) opened "fires full force". Following the previous announcement of strategic cooperation with Dianghaiyun and Gecko Technologies to jointly initiate a new stage of unmanned logistics scale, MINIEYE recently revealed another heavyweight news. The company signed a strategic cooperation agreement with Contemporary Amperex Technology subsidiary Epoch Intelligent, and the two sides will conduct in-depth technical collaboration and commercial layout in the field of intelligent driving. In the view of GMTEight, MINIEYE's strong cooperation with powerful players in various segmented fields is driven by the critical realization phase of the company's intelligent driving business, which is rapidly approaching. Earlier this year, MINIEYE secured a large order exceeding 1.3 billion yuan from a well-known automaker. Facing the surging tide of intelligent driving, as a leading industry player, MINIEYE needs to rely on hardcore technological innovation and continuous evolution of its supply chain integration capabilities to seize the opportunities of the era. It is understood that Epoch Intelligence, with which MINIEYE has "joined hands" this time, focuses on skateboard chassis business. As a key to achieving differentiated experience and technological iteration in intelligent electric vehicles, intelligent chassis, including skateboard chassis, is one of the necessary technologies for advanced intelligent driving. In response to this, Chief Scientist Wu Kai of Contemporary Amperex Technology once used an analogy: "The body is the brain of the car, the intellectual space. The chassis is the cerebellum, the carrier of energy and motion units." The skateboard chassis, because it completely achieves the decoupling of the upper and lower body, is considered as one of the ultimate forms of a line-controlled chassis. In terms of technical compatibility, the cooperation between MINIEYE and Epoch Intelligent this time is expected to promote the deep coupling of "intelligent brain" and "intelligent carrier" in the field of intelligent driving. And this is just the tip of the iceberg. By extrapolating from this, this cooperation will further open up MINIEYE's long-term imagination space. After all, being qualified to cooperate with Contemporary Amperex Technology is a strong endorsement of MINIEYE's strong technological capabilities and regulatory compliance ability. As the cooperation deepens, MINIEYE is fully capable of further integrating into the Contemporary Amperex Technology ecosystem and gaining more potential cooperation opportunities. At the same time, the endorsement from "Ning Wang" is expected to further expand MINIEYE's brand influence at home and abroad, and the company's future growth momentum will surely be more robust. Strong cooperation "unlocks" new possibilities for intelligent driving 1+1>2 The protagonists of this cooperation, MINIEYE and Epoch Intelligent, can be said to be complementary players with outstanding competitive advantages in their respective fields. As a leading company in the fields of intelligent driving and smart logistics, MINIEYE has previously accumulated strong technical strength and rich experience in landing scenarios. Its forward-looking strategy of dual-line layout on L2 and L4 products enables it to achieve algorithm iteration through large-scale production in the front-loading market, as well as accumulate a large amount of real data in innovative scenarios such as L4 unmanned logistics, forming a virtuous cycle of technology and business. Epoch Intelligent, backed by Contemporary Amperex Technology, integrates the core executive components such as battery, drive, brake, and steering in its flagship product, PanShi chassis. It provides a standardized, scalable "cerebellum" for the upper level "brain". It is reported that PanShi chassis reserves various expandable hardware and software architectures and standardized interfaces. If a car manufacturer adopts PanShi chassis, the time for vehicle mass production can be shortened from the traditional 36 months to 12-18 months. In the current era of intelligent driving, the chassis has long ceased to be a simple mechanical executive component, but has become one of the fundamental cornerstones that determine whether algorithms can land accurately and whether experiences can truly be realized. Intelligent chassis, including skateboard chassis, as a core lever to drive cars from "mechanical drive" to "line control drive", its value lies in converting the decisions of the "brain" into the trajectory of the wheels through millisecond-level precise response. However, the degree of compatibility between algorithms and chassis in reality is precisely one of the biggest invisible thresholds in the current industry. For passenger cars, this directly determines the driving experience in high-speed cornering or emergency avoidance; for commercial vehicles such as unmanned logistics vehicles, it is related to delivery efficiency and operating costs. Without a "cerebellum" that can be accurately scheduled, even powerful algorithms can only be empty castles in the air. In my opinion, the value of this cooperation lies in the depth of integration of the technologies of both parties. MINIEYE holds a large amount of real-world scenario data and continuous iterative algorithm capabilities, while Epoch Intelligent has an integrated PanShi chassis and comprehensive support from Contemporary Amperex Technology in the battery and energy storage end. When MINIEYE's "intelligent brain" is installed in Epoch Intelligent's "super carrier", the strong alliance between the two is expected to significantly reduce R&D and adaptation costs in multiple scenarios, and accurately solve the existing pain points in reliability and energy efficiency of advanced intelligent driving, adding another "boost" to the mass landing of intelligent driving from L2 to L4. Endorsement from "Ning Wang", ecological synergy opens up long-term imagination space If the deep coupling of technology is the most direct change brought about by this cooperation, then over a long-term period, the deep empowerment of MINIEYE by the Contemporary Amperex Technology ecosystem is likely to accelerate the fundamental growth and investment value of the former. In the automotive industry chain, Contemporex Amperex Technology has continuously integrated key upstream and downstream links through internal incubation and external investment, forming a high-quality integrated industry ecosystem. The fact that MINIEYE can reach a strategic cooperation with Epoch Intelligent means that its technological strength and compliance capabilities have been rigorously tested by the Contemporary Amperex Technology system, which undoubtedly is the strongest endorsement of its industry status. Peeking the beginning of this cooperation, it may be seen as a new starting point. In the future, as the timing matures and the cooperation deepens, MINIEYE will "unlock" more new possibilities. From a business perspective, the deep integration of the supply chain resources can be said to be "the arrow is on the string." MINIEYE has cutting-edge autonomous driving technology, a large amount of long-tail scenario data, extensive experience in mass production and delivery covering 42 OEMs, and operational experience accumulated in the logistics scene by the "Little Bamboo unmanned vehicle". All these will serve as the "data fuel" for Epoch Intelligent to continuously upgrade its intelligent chassis products based on real data. Meanwhile, Epoch Intelligent and its backing "Ning Wang" complement the key pieces in the supply chain puzzle for MINIEYE in chassis and battery supply. This will help MINIEYE form a full-cycle capability of "vehicle + algorithm + chassis + battery + operation". This means that in the future, MINIEYE will be able to provide more competitive packaged solutions to various types of customers seeking integrated hardware and software solutions, and its market moat will thereby widen. At the same time, with the mass landing of L4 business, MINIEYE has gradually taken on the role of a "service operator" in addition to being a product and solution provider in the industrial chain. Through the bridge role of Epoch Intelligent, MINIEYE is expected to further access Epoch Intelligent's vast high-quality ecosystem and gain incremental orders in multiple dimensions such as car manufacturers, logistics companies, and industrial parks, thereby achieving a dual "breaking of boundaries" in capability boundaries and business scopes. Looking at the broader overseas markets, the brand potential of Contemporary Amperex Technology may inject strong impetus into MINIEYE's globalization process. As a global giant in power batteries, Contemporary Amperex Technology has multiple production bases and research centers in Europe, Southeast Asia, and other places, and enjoys high brand recognition. Currently, MINIEYE is advancing its "Going Abroad 2.0" strategy, from the breakthrough of orders for thousands of unmanned vehicles in the Middle Eastern market, to the next stage of more extensive global layout. The endorsement from Contemporary Amperex Technology will effectively reduce the compliance costs and trust barriers of overseas markets, clearing obstacles for MINIEYE's overseas orders and their mass landing and expansion. Finally, from the perspective of the capital market, Contemporary Amperex Technology, as an undisputed core asset of China, MINIEYE's entry into its ecosystem this time will undoubtedly bring MINIEYE into the sights of more investors. With the acceleration of the realization of technological capabilities and the continuous elevation of future growth expectations, the long-term investment value of MINIEYE is also expected to enter an upward trajectory.