Dahua Car Startup Raises $290 Million But Questions Abound

Leap ***** **********

**** *****, ******* ** 2015, ** ****** ***** by ***** ******, ***** founder ** ******, *** a *** ***** *** Dahua **********. (***** ******** ******** ****.)

************ ***** *****’***** ************* ******, **** ***** *** attracted ******** ** ******* from ****-******* ******* ******* firms **** ******* ******’* Sequoia *******. (*****’* *** ************ ****** $63 *******.)

********* ** *** ****** announcement [**** ** ****** available], **** ***** ******* to ***** * ***** of $*** ******* ****** the *** ** **** year, ****** *** *&* and ********* ********. *** first ******** ***, *** S01, ** ****** ** enter *** ****** ** January ****.

*** *** [**** ** longer *********] ** ***** marketed ** * ***************-********, cloud-connected ******** *** **** a *********** ********* ****** and ** **** *** keys ****** ** ****** and **** ***********.

Leap ***** ****** ******* ******

***** ** **** ********** in ***** ***** *** prospects ** ******** ******* [EV] ******, ****** *** to ******* ******* ********** subsidies ******* * ***** of ******** **** *** scene.

***** *** ******** ** ** ********* ** ***** ***, ******* by $** ******* ** government ********* **** *** last * ***** *** $47 ******* **** ** the ********. *** ****** Chinese ** ********* ***** ******** **** ** 1%.

“***** ***, *** ***** growth ** **** [*** energy ********] ** *** a ****** ****** *** government-guided ********, **** ****** stimulated ** *********", *** Chinese *** ********* **** *******.

**** ***** ****** ** benefit ******** **** **** subsidies: ********* ***** ********, *** ***’* ******* price ***** **** **** around $**,*** ** $**,*** thanks ** ****.

Prospects ******* ****** ******

***** *****'* ****** ******** EV ****** *** ********** discussed ****** *****, **** Motors ** ***. *** companies **** ********** ********* in ****'* ****** ** Chinese ************ ******* ******** ******, ******* ******** ******* [link ** ****** *********],***,** *****, ********. ***** ******** *** all ****** ** ***** much ****** *** ******-***** than *****, **** ******* (which****** ********) *** ******* (***** ****** ***.)

*** **** ** ************ about **** ***** ****** questions ***** *** *******'* success ** * ******* market. **** ****** **** can ** ***** ***** to **** * '****-***-***' approach ****** *** ****** of *** ***. **** sentiment *** ******** ** one ****** ** * ******* car *****, *** ***** **** *** S01’s ****** ***-***** ****** was “********” ***** *** car's ******** ************ ***** be "*** ********** *** the ***** ** *******."

AI ********* **** ***** **-*******

******* **** *******, ** July ****, ***** *** Leap ********* [**** ** longer *********] ***** *********** of ** ** ********* chip, ********* **** ****:

** ******* **** ******** industry ***** ***** ** jointly ******* ** ********* chips, *** ***** ** conduct **** ******* ***** in *** ****** ******* of ****... *** *** will ***** ****** ********* driving's **** ******** ******** and ********* **********, *** realize ***** ********* ****** perception, ********-****** *** ********* layer ************.

**** ***** ***** ******* given **** ***** **** not **** *** *** AI *****, *** ****** on ******* ****** **** Nvidia [**** ** ****** available] *** *** ******** chips ******** *** “*********” systems.

Big ****** ** **** ** **

***** *****’* *** ****** of**** ************************** *********, ** ***** ******** Leap ***** **** **** up ** *** **** other ****** ** *** made, **** **:

• **** ** **** ****** the “****** ** *****” and *** *** ***************, as ****** [**** ** longer *********] ** **** Motor ******** (*** ***** co-founder) *** *********
• **** ** *** "********" a "***** *****" ****** 30% ******* **** ** most ******** ****, ***** it *** ********** *** ******** Engine [**** ** ****** available]

********* **** ****** ** startups ** ***** *** led ** *** ******* of *** **** "********** car-manufacturing" (***造车): *** **** **** great *** *** **** ever ********** ** **********.

Dahua ***** *********** ** ****

**** ***** ** ****** its ****** ******* ** Dahua’s **** ** ***** in *** ***** ************ industry, **** ***** **-******* and **** ******** *** Jiangming ****** [**** ** longer *********]:

** ****, **** ***** entered *** ******** ********, several ***** ********* ** Germany, ***** *** ***** Korea ********* *** **** than **% ** *** market ***** ** *** industry. ******* ********* *** not **** * *****. After ** *****, ******* companies **** ******* ******** 60-70% ** *** ******, and ***** ****** ***** second ** *** ****** video ************ ******.

***** **** *** ** true, ** ** ******* how **** ***** *** replicate *****’* ********** ****, and *** **** ******* cars *** *** **** complex **** *******.

***** ****** * *** video ************ ****** ** the ******* ************** ** * *** priority** ***** * ******** video ************ ******; ***** has *** **** ********** contracts ********* ***** ****** ** human ****** ******.

*******, ***** ***** *** EV **** ** ** bought ** ******** ********* – *** ********** *********** – ** **** ** a******* ******** ****** ******* ******.

Dahua ******

*** ** **** ****** questions *** **** ***** Leap *****’* ****** ** success *** **** ***** its ****** ** *****.

** **********, **** *****’* cars **** ***** ****** for ***** ******** ***** video ************ *** ****** control ********.

*** ** **** ***** ends ** ******* ** stagnating – * ****** possibility ***** *** ****** competitive ******* ** ****** – *****’* * ****** it **** **** **** sorely-needed ********* *** ***** resources **** *****.

**’* * ****** ***** seems **** ******* ** make.