Kaixin Auto(KXIN) Newsfilter·2024-01-31 09:00Strategic Cooperation - Kaixin Auto Holdings has reached a strategic cooperation intention with DeepBlue AI Technology to establish a joint venture for developing AI autopilot EVs [1] - The joint venture aims to leverage DeepBlue AI Technology's autonomous driving technology on Kaixin's mass-produced EV models [1] - The collaboration will focus on market-oriented operations for the new generation of AI autopilot EVs [1] DeepBlue AI Technology Overview - DeepBlue AI Technology was founded in 2014 by senior engineers with doctoral degrees and is committed to AI research and application [2] - The company has multiple research institutes, including AI, Smart Car, Automation, and Scientific Computing, with over 50 world championships and 120 top-three awards in AI-related competitions [2] - DeepBlue AI Technology operates in industries such as intelligent driving, smart vehicles, and smart cities, and has been recognized as a national-level specialized and emerging baby giant enterprise [2] - The company has been selected into the "Global 500 Artificial Intelligence Unicorns" for two consecutive years and the "Hurun Global 500 Unicorns" in 2023 [2] DeepBlue AI Technology's Autonomous Driving Capabilities - DeepBlue AI Technology possesses L4 autonomous driving technology and smart car forward design capabilities [3] - The company holds autonomous driving test licenses issued by multiple cities and obtained the first batch of autonomous driving commercial licenses in China with Baidu [3] - DeepBlue's self-driving Panda buses have been tested and demonstrated in over ten cities, including Shanghai, Shenzhen, and Wuhan [3] - The company has launched self-driving sanitation vehicles, logistics vehicles, and other products, establishing itself as a leader in AI-driven automotive innovation [3] Kaixin Auto Holdings' Vision - Kaixin's Chairman and CEO, Mingjun Lin, emphasized that AI vehicles are the future trend and that the collaboration with DeepBlue AI Technology will significantly boost Kaixin's AI vehicle development efforts [4] - The partnership aims to create intelligent, safe, and efficient car travel products and services [4] Kaixin Auto Holdings Overview - Kaixin Auto Holdings is a leading new energy vehicle manufacturer in China with expertise in R&D, production, and marketing [5] - The company has production facilities capable of stamping, welding, painting, and assembly operations, producing multiple electric passenger and logistics vehicle models [5] - Kaixin is committed to building a competitive international market position by integrating online and offline presence and diversifying business operations [5] - The company aims to contribute to achieving "peak carbon emissions and carbon neutrality" goals through innovation and sustainability [5]