经过多年示范运行，我国氢燃料电池汽车产业的发展已实现从0到1的突破，进入迈过技术经济性拐 点、快速规模化的发展关键阶段。这是中国汽车战略与政策研究中心（以下简称"中汽政研"）最新发布 的《氢燃料电池汽车运营大数据分析报告》（以下简称《报告》）得出的结论。《报告》显示，我国氢 燃料电池汽车发展已进入规模化、商业化发展新阶段。不过，从今年氢燃料电池汽车的产销量数据来 看，产业发展仍然薄弱，《报告》认为，未来氢能产业要实现新的突破，还需要更大规模、更大范围的 推广。 产业具备较强技术适应性、运营经济性和安全性 从运行数据可以发现行业的进步，也能看出行业存在的问题。运行数据显示，氢燃料电池系统功率可满 足高速工况需求，加速工况则需要动力电池一定程度的代偿；车辆存在一定"加氢焦虑"情况，实际加氢 里程约为理论值的68％；单次加氢时间约为12分钟。"万里行车辆"的纯氢续驶里程、系统额定功率、质 量功率密度等多数技术指标均优于示范整体，其中，最高系统功率已突破300千瓦，证明高技术车辆具 备更好的运营效果，产业技术水平仍需要不断迭代。 数据显示，多数车辆加氢时长分布在3～10分钟之间，补能时长基本可控；从加氢等待时长看，仍 ...

近期，智能驾驶领域围绕"视觉-语言-动作"（VLA）技术的争议持续升温，将行业内部的深层次矛盾暴露无遗。元戎启行率先推出VLA模型，随后理 想汽车也发布了搭载该技术的车型，然而，这一技术的真实性与成熟度却遭到了多方质疑。小鹏汽车董事长兼首席执行官何小鹏公开宣称小鹏是惟一成功 实现VLA的企业，暗指部分企业的VLA是"嫁接式"的虚假创新，尽管小鹏的VLA技术尚未量产。与此同时，博世智能驾控中国区总裁吴永桥认为，随着 能够运行大型模型的专用芯片的出现，VLA技术至少还需3～5年才能真正成熟落地。 这场争论的核心在于，VLA技术是否真的取得了实质性突破，企业所宣称的"成功"究竟是阶段性的真实成果，还是仅仅停留在概念炒作阶段。 这一争议映射出当前智能驾驶行业的几个典型现象。首先，技术竞争已趋于白热化，智能驾驶领域已然成为车企竞争的核心战场，而VLA作为多模 态融合技术的代表，被广泛视为下一代自动驾驶的关键突破点。其次，行业内存在概念混淆与偷换的现象。部分企业可能只是简单地将视觉与激光雷达等 现有技术进行叠加便宣称实现了VLA，实际上并未真正解决多模态深度融合这一核心难题。此外，行业内对于技术成熟的时间表仍存在巨大分歧 ...

AITO品牌锚定全球高端新能源汽车市场，以先进技术实力和卓越产品为全球用户带来新豪华智慧出行体验。迄今，AITO车队已经先后在欧洲、亚洲、 中东等区域进行了一系列的沿途驾驶体验活动，验证了其在各区域复杂路况和极限环境下的产品性能和耐久性。 当地时间9月8日，高端新能源汽车品牌AITO全球化车型亮相慕尼黑国际车展，AITO展台首次展出了针对中东市场深度本地化开发的全新AITO 9、AITO 7、AITO 5三款车型。秉承"智慧重塑豪华"的核心理念，AITO持续开拓新能源智能汽车新境，为用户打造领先的"新豪华"智慧出行体验， 并依托这一国际顶级车展舞台，向全球展示其前沿技术实力与全球化战略蓝图。 赛力斯汽车总裁何利扬表示："作为赛力斯面向全球高端豪华汽车市场推出的主力品牌，AITO在2025慕尼黑国际车展上带来了全球化落地车型，标志着 品牌全球化战略迎来又一里程碑。凭借卓越的技术创新能力、中国市场的亮眼成绩以及全球市场的积极反馈，定义智能时代'新豪华'的AITO品牌全球化征 程已稳健启航。" 与全球化车型一同亮相展台的还有多款赛力斯创新技术成果。其中，全新一代赛力斯超级增程系统首次在海外亮相，该系统基于"赛翼（C ...

Core Insights - The integration of artificial intelligence (AI) with the automotive industry is deepening, with China leveraging its advancements in smart electric vehicles to enhance its global market presence [1][3] - A recent "AI + Automotive" innovation competition was held in Guangxi, China, aimed at fostering collaboration between China and ASEAN countries in the automotive sector [1][3] Group 1: Innovation Competition - The "AI + Automotive" innovation competition serves three main purposes: it acts as a "gravity field" for gathering innovative resources, an "accelerator" for technology transfer, and a "connector" for regional collaboration [3] - The competition attracted hundreds of teams from both domestic and international backgrounds, with nearly 50 teams reaching the finals and 20 teams participating in roadshows [4][5] - The event featured a lively atmosphere where teams presented their innovative solutions, showcasing practical applications and securing significant contracts [5] Group 2: Regional Advantages and Collaboration - Guangxi has established a comprehensive smart connected electric vehicle industry cluster, positioning itself as a strategic hub for AI and automotive innovation [3][4] - The competition facilitated connections between teams and ASEAN countries, laying the groundwork for future technological collaborations and market development [3][6] - Participants from ASEAN countries expressed interest in leveraging the competition platform to enhance their market applications and improve their automotive ecosystems [6][7] Group 3: Technological Advancements - The automotive industry is undergoing a profound transformation towards electrification, connectivity, and intelligence, with AI being integrated across the entire value chain [4] - Innovative solutions presented during the competition included solar-powered autonomous driving systems tailored for local climates, demonstrating strong commercial potential [7] - The competition also highlighted the need for improved after-sales services in the automotive sector through AI technology, particularly in markets like Malaysia [7]

Core Viewpoint - The automotive finance sector is undergoing significant changes due to intensified competition, regulatory pressures, and evolving consumer demands, leading to a shift towards the "automobile direct leasing" model as a new focal point for capital and market attention [2][6][13] Group 1: Industry Challenges and Trends - The automotive industry is facing three main challenges: intensified competition, weak demand, and declining consumer purchasing power, prompting a reevaluation of traditional business models [2][6] - The "automobile direct leasing" model is gaining traction, with over 10 automakers partnering with direct leasing companies this year, indicating a shift in focus towards more accessible and manageable financing options [2][6] - The collaboration between automakers and direct leasing companies is seen as a key driver for the industry's evolution, with companies like BYD and Huasheng Good Car entering strategic partnerships to enhance consumer purchasing experiences [3][4] Group 2: Strategic Collaborations - BYD and Huasheng Good Car have signed a strategic cooperation agreement to explore market potential and provide customized financial products, with an annual procurement of 5,000 vehicles [3] - Geely and Xixiang Group have reached a strategic consensus on automotive finance innovation, focusing on global expansion and digital management, indicating a trend towards comprehensive service offerings [4] - GAC Huili and Geely's financial company are also venturing into direct leasing, aiming to enhance service efficiency and market penetration, particularly in lower-tier markets [5] Group 3: Market Dynamics and Future Outlook - The automotive finance sector is experiencing a transformation as traditional financing models show signs of decline, with a reported 11.37% decrease in total assets and over 7% drop in loan balances for automotive finance companies in 2024 [6] - The shift from "channel cooperation" to "ecosystem co-construction" reflects a deeper integration of resources and capabilities among automakers and leasing companies, aiming to address market challenges more effectively [6][7] - The direct leasing model is positioned to lower barriers to car ownership, particularly for underserved consumer segments, thus unlocking significant market potential [13][14] Group 4: Historical Context and Development - The automotive direct leasing market has experienced significant fluctuations over the past 60 years, with notable periods of growth and stagnation influenced by regulatory changes and market demands [10][11] - The period from 2015 to 2019 marked a rapid expansion of the direct leasing model, driven by favorable policies, but was followed by a significant market correction due to operational challenges faced by many companies [11][12] - Currently, the direct leasing sector accounts for only about 2% of overall automotive consumption, indicating both the challenges and opportunities for future growth [12][15] Group 5: Industry Characteristics and Challenges - The current landscape of the automotive direct leasing market is characterized by a significant proportion of businesses operating under a "nominal lease, actual loan" model, complicating the regulatory environment [15][16] - The industry faces a critical shortage of professional talent and operational expertise, which hinders the development of effective risk management and customer service strategies [14][17] - To achieve sustainable growth, the sector must overcome technological limitations and enhance service quality, particularly in lower-tier markets where demand is high but service offerings are lacking [16][17]

Domestic News - In the first eight months of this year, China's automobile exports reached 605.23 billion yuan, marking an increase of 11.9% [2] - The total export value of electromechanical products was 10.6 trillion yuan, growing by 9.2%, accounting for 60.2% of total exports [2] - The export of integrated circuits was 905.18 billion yuan, with a growth rate of 23.3% [2] - The State Administration for Market Regulation approved a series of national standards in transportation, including safety standards for fuel cell vehicle cooling liquids and specifications for electric vehicle charging and discharging services [3] - The National Development and Reform Commission and the National Energy Administration released guidelines to promote the application of artificial intelligence in flexible resource regulation, including electric vehicle grid interaction [4] - Beijing allows ordinary car indicators to switch between purchasing fuel vehicles and new energy vehicles without limit [5] - The China Association of Automobile Manufacturers is preparing to establish a new energy vehicle battery sub-association to promote sustainable development in the battery industry [6] International News - Former President Trump signed an executive order exempting various products from tariffs, including graphite and nickel, which are key components in electric vehicle batteries [7] - Uber and Momenta announced plans to launch a Robotaxi service in Munich, Germany, in 2026 [9] - Hyundai's Supernal has paused its eVTOL project amid management changes and layoffs [10] Corporate News - Deep Blue Automotive's new president, Jiang Hairong, made his first public appearance at the launch of the new Deep Blue S07 and the global debut of the Deep Blue L06 [11] - XPeng Motors announced the opening of its first European R&D center in Munich, aiming to accelerate technology innovation and localization [12] - The H5 model from the Huawei and SAIC collaboration has surpassed 80,000 pre-orders [13] - The State Administration for Market Regulation approved the establishment of a joint venture between Daimler Trucks and Toyota [14] - Lightyear announced the establishment of its European headquarters in Germany and a partnership with Qualcomm for next-generation smart driving solutions [15] - Hesai Technology plans to issue 17 million shares in its Hong Kong IPO, with a maximum price of 228 HKD per share, aiming to raise approximately 3.876 billion HKD [16]

Core Viewpoint - The automotive dealership industry is facing significant challenges, with many companies reporting substantial losses in their recent financial results, highlighting the urgent need for transformation and adaptation [2][4][5]. Group 1: Financial Performance - Among the eight publicly listed dealership groups in Hong Kong, only two, Zhongsheng Holdings and Baideli Holdings, reported profits, while the other six faced losses [2][4]. - Yongda Automotive reported a loss of 3.331 billion yuan, Zhengtong Automotive a loss of 994 million yuan, and Meidong Automotive a loss of 815 million yuan, indicating severe financial distress [2][4]. - Revenue for most of these companies declined, with Zhongsheng Holdings experiencing a 6.2% drop in revenue to 77.322 billion yuan [4]. Group 2: Market Challenges - The dealership sector is heavily impacted by the pricing inversion of luxury brands, which has worsened, squeezing profit margins and leading to significant losses in new car sales [5][11]. - Changes in consumer credit policies have negatively affected the new car business, particularly for luxury brand dealers who relied on high-interest financing to offset losses [5][11]. - The used car market is also under pressure, with declining retail volumes leading to reduced revenue and profits, even for those dealers who initially focused on this segment [5][6]. Group 3: Transformation Efforts - Zhongsheng Holdings has shown notable progress in its transformation efforts, particularly in after-sales services and embracing new energy brands, which have contributed positively to its performance [6][7]. - The company has implemented a centralized repair model and expanded its customer outreach through beauty services, enhancing its after-sales contribution to profits [6][7]. - The embrace of new energy brands, such as those under Huawei's HarmonyOS, has positioned Zhongsheng ahead in the market, with over 40 new energy stores opened [6][9]. Group 4: Strategic Insights - The disparity in resource endowments among dealership groups leads to varied transformation paths, with larger groups like Zhongsheng and Yongda leveraging their established customer bases and digital capabilities [7][8]. - Harmony Automotive stands out for its successful overseas expansion, achieving revenue growth by establishing a sales network in markets like Hong Kong and Southeast Asia [8][9]. - The industry must address the pricing strategies of luxury brands to stabilize dealer profitability, as current high MSRP levels do not align with market realities, leading to cash flow issues [11][12].

赛道将成为 QS 技术的严格测试场。目前该技术已展现出独特优势，包括 844 Wh / L 的能量密度、 10% 至 80% 电量区间仅需超 12 分钟的快充速度，以及 10C 的持续放电能力。此次演示是 QS 一系列重 大成果的延续：2025 年 6 月，该公司已将专属的 Cobra 隔膜制造工艺整合至基准生产线，本次演示用 车电芯所搭载的隔膜，正是通过该工艺生产。 此外，QS 与 PowerCo 近期还深化了非排他性战略合作与授权协议。根据协议，未来两年内， PowerCo 将依据技术里程碑达成情况，向 QS 支付最高 1.31 亿美元的款项。这一举措是扩大产能的关键 一步，不仅能助力 QS 向 PowerCo 交付更高产量的原型电芯，同时也为推动 QS E-5 电芯完成技术转 移、进而进入全球市场奠定基础。 IT之家注意到，QuantumScape 股价在今日美股盘前交易中暴涨超 20%。 IT之家消息，QuantumScape 公司与大众汽车集团旗下电池企业 PowerCo 公司，共同完成了 全球首次 QS 固态锂金属电池驱动电动车的实车演示。在慕尼黑国际汽车及智慧出行博览会（IAA Mobility ...

公路通车里程3.3万公里，3000余条货运线路通达全国，一年超1.2亿人次畅享公交出行……曾"四塞之崮、舟车不通"的临沂，如今已是路畅、业 兴、人和的崭新面貌。 9月8日，2025年"我的公交我的城"主题宣传活动在山东临沂启动，全国20余个省（市）交通部门和公交企业的代表齐聚沂蒙热土，共睹革命老区发展巨 变，共话中小城市公交转型创新路径。 01 公交是民生"动脉" 公交是民生"动脉"，一头连着城市发展，一头连着百姓福祉。"我的公交我的城"不是一句口号，它更多承载了人民群众对美好城市生活的追求和向往。 "我们始终把交通作为经济社会发展的开路先锋，推动国内交通立体成网、国际运输联通世界。"临沂市副市长李贤荣表示，发展公共交通是现代城市发 展的方向，近年来，在交通运输部和省交通运输厅的支持帮助下，临沂市委、市政府深入实施公交优先发展战略，推行重污染天气、早晚高峰、周末及法定 节假日免费乘车政策，购置新能源公交车940辆，施划公交专用道330公里，全面打造便捷、高效的公交线网体系，群众获得感、满意度显著提升。 山东省交通运输事业服务中心党委书记、主任安圣兵表示，临沂全面构建了"公交+生活"精准供给服务体系，创新打造了 ...

9月是传统汽车消费的旺季，自青岛市商务局获悉，为助力"金九"加速跑，青岛将于本周推出新一 轮汽车消费首保补贴活动。若叠加国补、消费贷贴息，在青岛购车的个人消费者享受优惠最高可达3万 元左右。 ...