围绕AI Car发展，白皮书提出十大关键判断，其中包括，VLA改变自动驾驶系统的设计逻辑与能力边 界，将成为驾驶智能体基础模型；世界模型将成为理解世界预测未来的基础工具；算力优化与数据闭环 将成为驾驶智能体实现高效自迭代的核心抓手；"超拟人交互"将重塑人车关系，助力座舱智能体迈向终 极形态；智能底盘与动力将成为"运动控制大脑"；AI将赋能形成"智驾＋底盘"更大的端到端系统，重构 驾乘体验等。 同时，白皮书创新性提出AI时代企业"生存三角新法则"，指出企业需从制造价值转向运营价值，战略目 标由"造好车"转型为"运营智能体"；从固定硬资产驱动转向数据软资产驱动，数据不再是成本中心，而 是影响企业竞争力的核心战略资产；从单一维度竞争转向生态体系竞争。这为行业突围提供了方法论指 导。 共话技术突破与实践 在专题演讲环节，多位专家与业界高管围绕复杂系统优化、AI与汽车产业融合、具身智能工程化落地 等议题展开深度分享。 近日，第三十二届中国汽车工程学会年会暨展览会人工智能主论坛在重庆召开。论坛以"AI＋汽车：具 身智能体的算法进化与创新实践"为主题，与会嘉宾深入探讨了人工智能（AI）如何推动汽车从交通工 具向自主决策的具 ...

New Car Launches - BYD's new model "Summer" launched with a price range of 206,800 to 269,800 yuan, featuring advanced technology and improved electric range [2][3][12] - Mazda's new EZ-6 launched at a price of 119,800 to 162,800 yuan, emphasizing safety and driving performance [13][20] - Zeekr X launched with a price range of 155,800 to 175,800 yuan, focusing on performance and design [21][28] - Mercedes-Benz's pure electric CLA launched at a price of 249,000 to 285,600 yuan, showcasing advanced technology and design [34] - Tank 400 plug-in hybrid launched with a price range of 249,800 to 319,800 yuan, featuring off-road capabilities and advanced technology [35][44] - Tesla's Model Y long-range rear-wheel drive version launched at a price of 285,800 yuan, achieving over 800 km of electric range [45][51] - IM LS9 opened for pre-sale with a price range of 346,900 to 376,900 yuan, featuring luxury and advanced technology [52][61] - Aion i60 opened for pre-sale with a price range of 119,800 to 126,800 yuan, offering both extended range and pure electric versions [62][70] - New Xiangjie S9 opened for pre-sale with a price range of 318,000 to 378,000 yuan, focusing on luxury and technology [79] - Xpeng X9 extended range version opened for pre-sale with a price range of 350,000 to 370,000 yuan, emphasizing design and technology [80][89] - Leap Lafa5 opened for pre-sale with a price range of 105,800 to 131,800 yuan, targeting young consumers [90][96] Company Developments - Geely acquired a 26.4% stake in Renault's Brazilian operations, enhancing its market presence in Latin America [98][101] - Xpeng unveiled its second-generation VLA model and self-developed Robotaxi, showcasing advancements in AI and autonomous driving [102][113] - Volkswagen announced a partnership with Horizon to develop system-level chips, aiming for mass production in 3-5 years [114][119] - Nissan sold its global headquarters for approximately 44.94 billion yuan to improve its financial situation [124][126] Domestic News - China's combination driving assistance technology has significantly improved, with a market penetration rate of 62.58% for passenger cars equipped with such systems [128][132]

新汽车生态合作，报名中国版CES！ 门店经理说，疫情后客流恢复缓慢，但直播让他们重新"看到了人气"，如今约三成试驾客户来自直播留资。 近日，哈尔滨一家雷克萨斯经销店让店内一位58岁的保洁阿姨出镜介绍车型，没想到播放量最高达500多万，而店内账号平常拍摄的浏览量一般 几千到几万不等。 2025年10月，《汽车商业评论》在北京走访了不少主流品牌4S店，调研直播情况。无论何时去，发现都有工作人员在店里直播。 类似的场景，如今在全国各地汽车展厅频繁上演。 几年前，4S店的夜晚通常空荡安静；而现在，越来越多的销售顾问化身主播，对着屏幕与看不见的观众沟通。 撰文 | 张 霖郁 编辑 | 黄 大路 设计 | 甄 尤美 夜幕降临，北京南五环外的一家大型汽车经销店依旧灯火通明。 三脚架、补光灯、无线麦克风、监控屏整齐排开，镜头对准一辆刚到店的新车，还有两名主播。 她们对着镜头讲解车辆配置，后台还有四人盯着评论区，实时回答网友提问。墙角的白板上写着当晚目标——"直播三小时，新增线索200条， 试驾预约50个"。 这是一家合资品牌经销店，店内共配备了六人的直播团队：两名主播、三名拍摄剪辑、一名场控、两名评论互动、两名客服和两名销售 ...

Core Insights - Chinese automotive brands, particularly Geely, are rapidly expanding onto the global stage, with significant growth in electric vehicle exports and market presence [1][2][3] Globalization Strategy - Geely's internationalization journey began in 2003 with its first export of 50 vehicles, marking the start of its global expansion [2] - The company has established assembly plants in various countries, including Indonesia, Uruguay, and Belarus, demonstrating a long-term commitment to internationalization [2] - Geely's strategy has evolved through three phases: initial product exports, followed by production relocation, and culminating in large-scale overseas acquisitions [2][3] Performance Metrics - From January to October this year, Geely's total sales exceeded 2.47 million units, a 44% increase year-on-year, with electric vehicle sales growing by 106% [3] - Geely's exports reached over 40,000 units in September, with European sales increasing by 61.8% and Latin America by over 90% in the first three quarters [3][4] Product and Market Diversification - Geely's product lineup includes over 30 models across four brands, with a significant increase in the market penetration of its electric vehicles from 6.2% in 2021 to 60.5% currently [4] - The company has adopted a flexible approach to meet diverse market demands through a wide range of energy types, including electric, hybrid, and fuel vehicles [4] Technological Innovation - Geely emphasizes technological innovation as a key driver of its growth, investing over 250 billion yuan in R&D over the past 11 years [5][6] - The company has developed a global R&D network and is focusing on localizing technology to meet regional standards, such as adapting EV technology for tropical climates in Malaysia [5][6] Strategic Partnerships - Geely's acquisition of a 26.4% stake in Renault Brazil will enhance its market presence and production capabilities in Latin America [6][7] - The collaboration with local companies aims to optimize production and service delivery, reflecting Geely's strategy of integrating global resources with local operations [7][10] Market Expansion Plans - Geely is expanding its footprint in the UK, planning to increase its sales network from 25 to 100 outlets by the end of 2026, with a goal of launching 15 new models in Europe over the next five years [9] - The UK market is seen as a strategic entry point into Europe, with Geely aiming to leverage its stringent regulatory environment to establish a strong presence [9] Challenges and Adaptations - Geely faces challenges from global trade protectionism and varying technical standards across markets, which it addresses through local partnerships and a diversified supply chain [10] - The company is committed to maintaining a balance between global integration and local responsiveness, ensuring that its products meet local regulations from the design phase [10]

Core Insights - The article highlights the growth of China's new energy vehicle (NEV) market, with sales expected to reach approximately 9.293 million units in the first three quarters of 2025, representing a year-on-year increase of 25% [4] - The corresponding power battery installation volume is projected to be around 481.0 GWh, showing a year-on-year growth of 39% [4] - The top ten power battery manufacturers accounted for about 94.8% of the total installation volume, with a slight decrease in market concentration by 1.6 percentage points compared to the previous year [4] Market Performance - The top ten battery companies all experienced a year-on-year growth rate of over 27%, with five companies—Guoxuan High-Tech, Yiwei Lithium Energy, XINWANDA, Ruipu Lanjun, and Zhengli New Energy—surpassing 50% growth [4] - The article provides detailed sales data for various automotive brands, indicating significant sales figures for companies like BYD, Tesla, and Geely [6][7] Industry Trends - The article suggests a trend towards increased concentration in the power battery market, with the leading companies continuing to dominate the sector [4] - It also indicates a growing interest in solid-state lithium battery technology, as evidenced by the upcoming release of a blue paper on the development of the solid-state lithium battery industry chain in China [11]

Group 1: Industry Trends - Investment, trade, and technology are currently the most popular directions for Chinese companies expanding into Dubai, with compliance and long-term operations being critical for success [2] - The AI glasses market is experiencing rapid growth, with major tech companies accelerating their investments, indicating a shift towards AI glasses as a new human-computer interaction interface [9] - The global solid-state battery demand is projected to reach 740 GWh by 2035, driven by applications in electric vehicles and energy storage [9] Group 2: Company Developments - Gaode has partnered with XPeng Motors to integrate XPeng's Robotaxi into its platform, aiming to create the largest Robotaxi aggregation platform globally [3] - JD Logistics has begun testing its sixth-generation smart delivery vehicles in Saudi Arabia, with a significant increase in order volume since launching its B2C brand JoyExpress [3] - Yunji Technology has signed a strategic cooperation agreement with a Saudi partner to promote smart upgrades in the local tourism and hotel industry [4] - Geely has acquired a 26.4% stake in Renault's Brazilian operations, facilitating local production and market expansion in Latin America [5] - BYD plans to launch its luxury brand "Yangwang" in the Middle East in early 2026, with subsequent expansions to Europe and the Americas [5] - Yika Technology reported a global order backlog exceeding $2.5 billion, with nearly 10 million vehicles equipped with its technology [6] - Tencent Games, Xiaomi, and SHEIN were recognized in the "Top 50 Favorite Global Brands of Generation Z" list, highlighting their strong market presence [6] Group 3: Financing Activities - Shiji Technology completed a 300 million RMB Series B++ financing round to enhance its eVTOL capabilities and global delivery efforts [7] - Weixin Aerospace has raised nearly 100 million RMB through seed and angel rounds, focusing on technology development and overseas expansion [7] - Dazheng Micro-Nano secured over 100 million RMB in Series A3 financing to build production lines for flexible perovskite solar cells [8] - Agile Medical completed a multi-hundred million RMB Series B financing round to support global commercialization and product development [8] - Thunderbird Innovation raised significant funding in a Series C round to strengthen its position in the global consumer-grade AI+AR glasses market [8]

Core Viewpoint - Despite the dominance of electric vehicles in the market, traditional fuel vehicles are experiencing a resurgence in sales, indicating their continued relevance in the automotive industry [5][12]. Sales Performance - In September, domestic sales of traditional fuel vehicles reached 1 million units, an increase of 60,000 units year-on-year, marking a 10.9% month-on-month growth and a 6.4% year-on-year growth, with four consecutive months of year-on-year increases [5]. - From January to September, cumulative sales of traditional fuel vehicles totaled 8.141 million units, reflecting a year-on-year growth of 1.7%, while the sales of traditional fuel passenger vehicles are projected to decline by 17.7% in 2024 [5][12]. - Fuel vehicles accounted for 47.76% of total passenger vehicle sales in the first nine months of the year, maintaining a significant market share [5]. Market Dynamics - The resurgence of fuel vehicles is attributed to a rational market correction following a period of intense competition, as well as ongoing consumer demand for fuel vehicles [7][9]. - Price reductions have played a crucial role in this recovery, with discounts averaging around 30%, and some luxury models offering cash discounts exceeding 40% [9][11]. - The Nissan Sylphy emerged as the best-selling fuel vehicle in September, with sales of 33,000 units, while the Toyota Camry also saw significant sales growth [11]. Strategic Shifts - Traditional automakers are adjusting their strategies to enhance the competitiveness of fuel vehicles, with many lowering prices and improving configurations to attract consumers [11][15]. - Major brands like Honda and Volkswagen reported increased sales and market share for fuel vehicles, indicating a positive trend in this segment [13][15]. - Domestic brands such as Geely and Chery are also launching new fuel vehicle strategies, emphasizing the importance of fuel vehicles alongside electric models [12][19]. Technological Advancements - Fuel vehicles are increasingly incorporating advanced technologies, such as intelligent driving systems and smart cabins, narrowing the gap with electric vehicles in terms of technological offerings [20][24]. - Recent models from various manufacturers are equipped with features like high-performance chips, voice interaction systems, and OTA capabilities, enhancing their appeal [22][24]. - Despite challenges in achieving high-level autonomous driving capabilities, the perception that fuel vehicles cannot be intelligent is changing as technology evolves [26]. Future Outlook - The automotive market is expected to enter a phase of coexistence between fuel and electric vehicles, with companies adopting diversified strategies to cater to different consumer needs [26]. - The focus will shift from an "ALL IN electric" approach to a more balanced strategy that includes both fuel and electric vehicles [26].

（文 / 观察者网 周盛明 编辑 / 高莘） 日前，华汽基金会旗下华汽研究院智驾科普公益沙龙首站活动于杭州西湖畔浙江书房举办。 本次公益沙龙以【寻找"隐形的手"】为主题，邀请来自吉利汽车、地平线、轻舟智航、福瑞泰克等汽车 智能化领域的领军企业与产业专家，共同探讨智能驾驶行业的技术趋势、产品创新以及智驾新常态之下 的用户价值普及，进一步助力行业创新升级与高质量发展。 当天，吉利控股集团首席智驾科学家、极氪科技副总裁陈奇、地平线副总裁兼智能汽车事业部副总裁邢 勋、智能驾驶产业专家朱西产、轻舟智航联合创始人兼CEO于骞和福瑞泰克董事长兼CEO张林从人机共 驾的技术渐进到AI大模型落地、以及从智驾安全到用户价值重构等不同维度，探讨了中国智能驾驶技 术的现状与未来趋势。 与会嘉宾合影 华汽研究院 企业嘉宾一致认为，随着政策监管趋于理性、行业规范不断完善，以开放、协同为特征的新智能驾驶时 代正加速到来，大众用户价值需要"技术进步+标准规范+用户教育"三重驱动，才能真正实现智能驾驶 普惠、可持续、负责任的发展目标。 华汽研究院智库专家、同济大学教授朱西产就"汽车智能驾驶技术演进猜想"分享了独到见解。 朱教授指出，2024年 ...

Core Viewpoint - Dongfang Securities maintains a "Buy" rating for Geely Automobile (00175.HK), forecasting EPS of 1.49, 1.75, and 2.12 yuan for 2025-2027, with a target price of 24.51 HKD [1] Group 1: Analyst Ratings and Target Prices - As of November 7, 2025, Geely Automobile closed at 17.69 HKD, down 1.06%, with a trading volume of 30.71 million shares and a turnover of 546 million HKD [1] - In the past 90 days, 26 investment banks have issued "Buy" ratings for Geely, with an average target price of 26.82 HKD [1] - The latest report from Dongfang Securities sets a target price of 24.51 HKD for Geely Automobile [1] Group 2: Market Position and Financial Metrics - Geely Automobile has a market capitalization of 180.92 billion HKD, ranking second in the automotive manufacturing industry [2] - Key financial metrics for Geely compared to industry averages include: - ROE: 17.88% vs. industry average of -2.12% [3] - Revenue: 283.17 billion HKD vs. industry average of 128.07 billion HKD [3] - Net Profit Margin: 6.29% vs. industry average of -107.97% [3] - Gross Margin: 16.45% vs. industry average of 15.88% [3] - Debt Ratio: 66.4% vs. industry average of 48.56% [3]

Core Viewpoint - Huawei Technology has confirmed its client base includes major automotive companies, indicating a strong market presence and ongoing capacity expansion [1]. Group 1: Client Base - The company serves a diverse range of clients, including BYD, Geely, Great Wall, Changan, Hongqi, BAIC, SAIC, Chery, JAC, Li Auto, NIO, Xpeng, Lynk & Co, Stellantis, Seres, Volkswagen, Dongfeng Nissan, FAW Dongji, Nanyang Xijian, Wandu, Jingxi Zhixing, Ruili Group, Wan'an Technology, Fastech, ZF, Hande, Knorr, Bendix, among others [1]. Group 2: Capacity Expansion - New production capacity is gradually being released, suggesting potential for increased output and revenue growth in the near future [1].