Recently, Zhixing Autos Technology (01274.HK) has been designated as the supplier of automatic driving domain controllers for a luxury high-performance electric car brand in Europe. The car model is aimed at the global market. Currently, the automotive brand has carried out sales business in Europe, North America, Asia-Pacific and other regions.
This is another important milestone for the globalization process of Zhixing Autos Technology (01274.HK). In 2023, Zhixing Autos Technology (01274.HK) established a subsidiary in Germany to deepen its overseas market.
In terms of the R&D process, Zhixing Autos Technology (01274.HK) has passed many certifications such as functional safety ISO 26262, automotive cybersecurity ISO 21434, ASPICE CL2, and meets the safety requirements of the European Union.
In terms of traffic environment and user habits, Zhixing Autos Technology (01274.HK) has developed localized intelligent driving algorithms that can adapt to European traffic scenes, including perception, decision-making and control algorithms that can identify European-specific traffic scenarios and control a vehicle to travel according to the road and driving habits in Europe, to meet European road conditions and user driving habits. With the acceleration of the intelligent development of the global automotive industry, Zhixing Autos Technology (01274.HK) not only helps domestic automakers enter overseas markets, but also further expands overseas customers and realizes the full linkage layout of smart driving going global.