Automobile Manufacturers

Afari

Volvo Cars Plans to Equip G-ASD Autonomous Driving Solution in 2027

Afari released FY2026 Q1 earnings on April 27 After-Market (BJT), actual revenue CNY 2.361 B, actual EPS CNY 0.0107

Afari FY2026 Q1 Earnings Release on April 28 After-Market (BJT)

Afari released FY2025 annual earnings on April 3 After-Market (BJT), actual revenue CNY 9.999 B (forecast CNY 8.333 B), actual EPS CNY 0.02 (forecast CNY 0.02)

Afari released FY2025 Q4 earnings on April 3 After-Market (BJT), actual revenue CNY 3.053 B, actual EPS CNY 0.0093

Afari to release FY2025 earnings report on April 4, 2026, after-market (BJT), forecast revenue CNY 8.333 B, EPS CNY 0.02

Mercedes-Benz Digital Technology Becomes Fifth Largest Shareholder of Qianli Technology

Geely Holding and Yinqi Rebrand Lifan Technology as Qianli Technology, Plans Hong Kong IPO

Afari released FY2025 9-month earnings on October 30 During-Market BJT, actual revenue CNY 6.946 B, actual EPS CNY 0.0117

Afari released FY2025 Q3 earnings on October 30 During-Market (BJT), actual revenue CNY 2.762 B, actual EPS CNY 0.0049

Afari FY2025 Q3 Earnings Release on October 31, During-Market (BJT)

Li Shufu publicly supports and invests in AI company Qianli Technology

Qianli Technology Outlines Robotaxi Business Layout Plan

Qianli released FY2025 Q2 earnings on August 22 During-Market (BJT), actual revenue CNY 2.377 B, actual EPS CNY 0.0024

Qianli released FY2025 Semi-Annual Earnings on August 22 During-Market (BJT), Actual Revenue: CNY 4.184 B, Actual EPS: CNY 0.0069

Qianli Technology FY2025 Semi-Annual Earnings Release on August 23, 2025 (BJT)

Qianli Technology Announces July New Energy Vehicle Production and Sales Data

Subsidiary of Qianli Technology Transfers P658 Project's Technical IP

AI Leaders Discuss Industry Trends at 2025 World AI Conference

QilinTech and Geely Jointly Develop Autonomous Driving System

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Geely Auto Group announced the latest achievements of its "Cabin-Driving Integration" technology at the NVIDIA GTC conference on March 17, 2026. This technology, developed jointly by Geely, JieYue XingChen, and Afari, features the "Super Eva+ Qianli Haohan G-ASD 4.0" vehicle intelligence system, which is about to enter mass production and will first be equipped on the ZEEKR 8X model

Wallstreetcn

GEELY AUTO

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

Geely Auto

Geely GTC 2026 releases the results of "Cabin-Driving Integration," ZEEKR 8X debuts "Super Eva+G-ASD 4.0"

Searching for the "second Huawei."

Leading Afari, the former number one position at Honor has started a car manufacturing venture

Stepfun, a Chinese AI startup, has raised approximately USD718.8 million (CNY5 billion) to enhance foundation models and promote terminal Agent applications. The Series B+ funding round included investments from state-owned institutions and existing shareholders like Tencent. Additionally, Yin Qi, a seasoned entrepreneur in AI, has been appointed as chairman, aiming to foster collaboration with Qianli Technology. Founded in 2023 by former Microsoft VP Jiang Daxin, Stepfun focuses on AI model development and has partnered with Geely for smart cockpit innovations in their vehicles.

Yicai

Chinese AI Startup Stepfun Raises USD718.8 Million to Boost Foundation Models Development, Terminal Agents Use

In Las Vegas on January 9, 2026, Afari and Geely revealed at the 2026 Consumer Electronics Show the worldwide introduction of G-ASD (Geely Afari Smart Driving), an innovative intelligent driving system. G-ASD is a comprehensive and cutting-edge solution designed to enhance driving experiences and safety, combining the expertise of both companies.

Unusual Whales

Afari and Geely launch G-ASD, an intelligent driving system at CES, promising integrated solutions.

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Mercedes-Benz has acquired a 3% stake in Chinese firm Qianli Technology, becoming its fifth-largest shareholder. The shares were transferred from Lifan Holdings, reducing Lifan's stake from 13.68% to 10.68%. Mercedes-Benz's investment, estimated at CNY1.3 billion, marks a strategic move into intelligent driving and smart cockpit technologies. The two companies have signed a long-term strategic cooperation agreement to collaborate on AI and smart technologies.

Mercedes-Benz Group AG

Mercedes-Benz Becomes Fifth-Largest Shareholder of Chinese Smart Cockpit Firm Qianli

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36Kr learned that on the morning of November 6, Beijing time, the international index provider MSCI announced the results of the November index review changes. In this adjustment, the MSCI China A-Share Index added 17 securities including Afari and GD HEC CO.,LTD, while removing 16. The results of this adjustment will take effect after the close on November 24, 2025

36Kr

GD HEC CO.,LTD

Seventeen securities including Afari have been included in the MSCI China A-Shares Index

Automaker Afari has applied for a listing in Hong Kong. Although its new leader has over a decade of experience in artificial intelligence, the company has yet to generate any revenue from its AI business. Revenue grew by 40% in the first half of the year, but the gross margin is negative. Afari's main income comes from car sales, especially new energy vehicles, although it ranks low in a highly competitive market. Its partnership with Geely is one of its advantages

- Changan Technology has applied for a Hong Kong listing, with new leadership claiming over ten years of AI experience, though details are scarce.  
- The company reported a 40% revenue increase in the first half of the year due to rising electric vehicle sales, but its gross margin turned negative, reflecting challenges in the competitive Chinese auto market.  
- Despite partnerships with Geely and Mercedes-Benz, Changan has yet to generate revenue from its AI initiatives, and its overall financial performance remains weak, with a net loss of 116 million yuan in the first half of the year.

BambooWorks

Selling one car at a loss, can Afari rely on AI to turn the tide?

According to the Zhitong Finance APP, Afari announced that the company produced 631 new energy vehicles in October 2025, a year-on-year decrease of 10.75%; sold 2,090 new energy vehicles, a year-on-year increase of 15.34%

Zhitong

Afari's October new energy vehicle sales increased by 15.34% year-on-year

Afari announced that in October 2025, it produced 631 new energy vehicles, a year-on-year decrease of 10.75%, and sold 2,090 vehicles, a year-on-year increase of 15.34%. Other models produced 5,886 vehicles, a year-on-year increase of 335.68%, and sold 6,378 vehicles, a year-on-year increase of 190.83%. The total production for the month was 6,517 vehicles, a year-on-year increase of 216.67%, and total sales were 8,468 vehicles, a year-on-year increase of 111.44%. Cumulatively this year, production reached 64,171 vehicles and sales reached 81,053 vehicles, representing year-on-year increases of 163.36% and 97.97%, respectively

Afari: October sales increased by 111.44%

Afari(601777.SH)