JAKARTA - Mercedes-Benz officially joined as a shareholder of Qianli Technology Group, an autonomous driving technology company backed by Zhejiang Geely Holding Group. This strategic move was announced on December 27.
Reported by Carnewschina, Monday, December 29, this decision coincides with the completion of the integration of Mercedes-Benz's autonomous driving business into the Qianli Intelligent Driving unit. The integration includes organizational restructuring, consolidation of technology platforms, data systems, to product planning.
All previously separate resources are now consolidated into a single integrated operational framework to accelerate the development of autonomous driving technology. After the integration, Qianli Intelligent Driving is led by a core management team consisting of Chairman and CEO Wang Jun, Co-CEO Chen Qi, Chief Technology Officer Yang Mu, and Chen Baocheng as head of research and development as well as project management office.
Management emphasized that the company's main focus is the development of core autonomous driving technology and acceleration of product delivery. From a technical perspective, Qianli Intelligent Driving takes a high-ratio model approach in the autonomous driving system.
This strategy focuses on increasing the role of algorithms and models in the system architecture, in order to strengthen the ability of generalization, data utilization efficiency, and reduce dependence on rule-based logic.
The approach is claimed to be able to keep the system's behavior consistent in various complex urban traffic conditions, including high-density scenarios and cross-regional implementation. However, the company has not revealed details of the system specifications, implementation schedule, or vehicle models that will adopt it.
Separately, Qianli Technology previously announced plans to establish an autonomous driving joint venture in March, with the aim of providing an open platform for third-party vehicle manufacturers. Qianli Intelligent Driving itself officially established at the end of June.
Mercedes-Benz also confirmed that it had completed the acquisition of 3 percent of Qianli Technology worth 1.34 billion yuan or around 191 million US dollars. This transaction was carried out through Mercedes-Benz Digital Technology, with the transfer of 135.6 million Lifan Holdings shares listed on the Shanghai Stock Exchange at 9.87 yuan per share.
After the transaction, Mercedes-Benz became the fifth largest shareholder of Qianli Technology, without changing the company's control structure. As one of the main shareholders, Geely played an important role in facilitating Mercedes-Benz's entry into the investment.
Geely itself is consolidating all of its autonomous driving and intelligent cockpit resources under the Qianli Technology umbrella. In fact, a number of Geely's internal teams, including those from central research institutes, are said to be being merged to strengthen the company's technology foundation.
This consolidation step confirms Qianli Technology's position as the core platform for the development of Geely's autonomous driving technology and smart mobility in the future. At the same time, it deepens the strategic collaboration with Mercedes-Benz in the midst of global competition for autonomous vehicles.
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