Core Viewpoint - Mercedes-Benz is accelerating the localization of its products in China by collaborating with local automaker Geely to develop a new plug-in hybrid vehicle, aiming to enhance its competitiveness in the increasingly heated market for large battery plug-in hybrids [1][3]. Group 1: Collaboration and Strategy - Mercedes-Benz plans to develop a long-range plug-in hybrid vehicle in partnership with Geely, with discussions ongoing regarding the development details [1]. - The collaboration with Geely is seen as a pragmatic choice for Mercedes-Benz to reduce costs and improve efficiency, given the latter's expertise in hybrid technology [2][7]. - Mercedes-Benz has previously engaged in various collaborations with Geely, including the procurement of cockpit solutions from Geely's subsidiaries [1][9]. Group 2: Market Position and Competition - The plug-in hybrid market in China is dominated by local competitors such as BYD and Li Auto, which have developed advanced hybrid technologies that surpass Mercedes-Benz's current offerings [2][3]. - Mercedes-Benz's current plug-in hybrid technology, the P2 parallel hybrid system, is considered outdated compared to the single-gear DHT technologies used by local competitors [3][6]. - In the first half of 2025, Mercedes-Benz's sales of pure electric vehicles declined by 24%, while sales of plug-in hybrid vehicles increased by 34%, indicating a shift in product focus [5]. Group 3: Financial Performance - In the first half of 2025, Mercedes-Benz reported global sales of 1.0763 million vehicles and a net profit of €2.7 billion, with a significant decline in sales in the Chinese market, down over 18% [4]. - Geely's total sales exceeded 1.93 million vehicles in the first half of 2025, with a 30% year-on-year increase, and its new energy vehicle sales surpassed 1 million units, growing by 73% [9]. Group 4: Technological Development - Developing a competitive single-gear DHT technology independently would take Mercedes-Benz approximately 3-4 years, making collaboration with established local players a more immediate solution [6]. - Geely's recent advancements in plug-in hybrid technology, such as the Zeekr 9X, which features an 800V high-voltage system and a pure electric range of 380 km, further solidify its position as a valuable partner for Mercedes-Benz [8].

每经AI快讯，7月31日，香港交易所信息显示，贝莱德（BlackRock）在吉利汽车的持股比例于07月25日 从4.55%升至5.08%。 ...

Group 1 - BYD has recently published a patent for a "floating display device" which involves a technology for aerial imaging, enhancing touch accuracy and sensitivity through a structured interaction mechanism [1] - BMW reported a 29% year-on-year decline in net profit for the first half of the year, with sales revenue of €67.7 billion, down 8% compared to the same period last year [2] - Tata Motors announced an agreement to acquire Iveco for approximately €3.8 billion, excluding its defense business, with the deal expected to be completed by mid-2026 [3] - Mercedes-Benz plans to launch a long-range plug-in hybrid vehicle in the Chinese market, potentially utilizing Geely's Lotus sports car hybrid technology, with ongoing discussions about development details [4]

Core Insights - Mercedes-Benz is accelerating the localization of its products in China by collaborating with local companies, particularly in the field of hybrid power systems [1][2] - The company plans to introduce a long-range plug-in hybrid vehicle in China, leveraging Geely's hybrid technology [1][3] Group 1: Collaboration and Technology - Mercedes-Benz is in discussions with Geely to develop a new plug-in hybrid system, with key decisions already made [2] - The hybrid technology from Geely's Lotus brand, named "Luyao," is expected to be released in November 2024, featuring a range exceeding 1100 kilometers [3] - The "Luyao" system supports fast charging while driving, addressing performance issues during low battery scenarios [3] Group 2: Market Position and Competition - Mercedes-Benz faces stiff competition in the plug-in hybrid market, with rivals like Wuling and Li Auto offering superior electric ranges [4][8] - The company’s current plug-in hybrid models have shorter electric ranges compared to competitors, highlighting the need for technological upgrades [7][8] Group 3: Strategic Shift and Sales Performance - Despite a focus on electric vehicle development, Mercedes-Benz is shifting attention to plug-in hybrids due to declining sales in its electric vehicle segment [8][9] - In the first half of 2025, Mercedes-Benz's sales of pure electric vehicles dropped by 24%, while plug-in hybrid sales increased by 34% [8] Group 4: Historical Context and Future Outlook - Mercedes-Benz has previously invested in hybrid technology but has not kept pace with the current market trends in China [7][9] - Collaborating with Geely is seen as a pragmatic approach to enhance competitiveness in the rapidly evolving hybrid vehicle market [10][14] Group 5: Corporate Relationships - The close ties between Mercedes-Benz and Geely, including shared ownership stakes, facilitate collaboration on technology and supply chain [12][14] - Previous partnerships, such as the Smart brand joint venture, have established a foundation for ongoing cooperation in hybrid technology [12][14]

金十图示：2025年07月31日（周四）全球汽车制造商市值变化 量十数据 | והו | 小米汽车 | 1812.78 | | 6.94 | | --- | --- | --- | --- | --- | | (BHD) | 比亚迪 | 1346.63 | + -41.08 | 14.67 | | ર | 法拉利 | 907.83 | + -12.05 | 498.79 | | (1) | 宝马汽车 | 596.76 | + -11.87 | 96.58 | | | 梅赛德斯奔驰 | 565.72 | + -20.03 | 58.75 | | 人》 大众汽车 | 542.15 | + -11.12 | 107.01 | | --- | --- | --- | --- | | 通用汽车 | 496.13 | | 52.11 | | 保时捷 | 466.73 | 1 +7.76 | 50.34 | | > 玛鲁蒂铃木 | 452.59 | 1 +5.32 | 143.95 | | 马恒达汽车 | 439.19 | 1 +1.31 | 36.61 | | 本田汽车 1-0 | 434.31 | + -12.83 | ...

Group 1 - Geely Automobile's stock price decreased by 2.18% to HKD 17.94 per share, with a trading volume of HKD 308 million as of July 31 [1] - Geely Automobile Holdings Limited focuses on the research, manufacturing, and sales of passenger vehicles, operating 10 production bases and employing over 60,000 staff [1] - The company serves its brands including Geely, Zeekr, and the joint venture brand Lynk & Co, with a sales network covering China and 70 overseas countries [1] Group 2 - As of the first quarter of 2025, Geely Automobile reported total revenue of RMB 72.495 billion and a net profit of RMB 5.672 billion [2] - The company plans to increase its annual sales target to 3.65 million vehicles by 2025 [1] - Geely Automobile is set to disclose its mid-year report for the fiscal year 2025 on August 14 [3]

日前，吉利汽车集团携科技生态战略合作伙伴——阶跃星辰联合参展2025世界人工智能大会暨人工智能 全球治理高级别会议（WAIC 2025）。 极氪9X、领克10EM-P、吉利银河A7和吉利银河M9等全新产品，以及千里浩瀚智能辅助驾驶系统、吉 利未来出行星座、AI（人工智能）可穿戴设备等吉利"全域AI"技术体系成果悉数展出。其中，吉利全栈 自研的千里浩瀚智能辅助驾驶系统备受行业关注。 "在智能辅助驾驶上，其实有很多巧劲，但吉利一直坚持自研，只有这样才能快速满足用户的需求。如 果一味采购，技术都在别人手里，后期运维、升级的成本非常高，想调头都难。另外，现在卖车不是一 锤子买卖，要保障用户未来几年升级、获得新功能的权益，如果不自研，后期的升级就是障碍。"吉利 汽车集团高级副总裁林杰向《每日经济新闻》记者表示。 "智驾"要以比"人驾"更安全为目标 感知硬件方面，面向L3的技术架构可以实现四个360度全感知，包括超声波雷达、毫米波雷达、视觉感 知和激光雷达的360度全感知。其中，为了实现激光雷达的360度全感知，该架构还采用了5个激光雷达 的布置方案，包括1个长距激光雷达和4个dToF（直接飞行时间技术）补盲激光雷达，不 ...

7月30日，吉利汽车集团CEO淦家阅在2025年度中期经营工作大会上宣布，下半年将推出极氪9X、领克 10EM-P、吉利银河A7及吉利银河M9等5款全新智能电混产品，还有千里浩瀚智能安全辅助驾驶H9方 案、雷神醇氢EF技术、新一代FlymeAuto智能座舱系统等多项创新科技落地应用。 （原标题：吉利汽车集团冲刺300万辆年目标） 同时，聚焦"一个吉利"，淦家阅还明确了极氪、领克吉利银河及中国星四大品牌要全方位协同作战，深 化"七纵"技术协同，打造差异化产品矩阵体系，聚势革新韧稳行远，全力冲刺300万辆年度目标。 ...

Core Viewpoint - Geely Auto Group aims to achieve an annual target of 3 million vehicles by 2025, with several new intelligent electric hybrid products and innovative technologies set to launch in the second half of the year [1]. Group 1 - Geely Auto Group's CEO announced the launch of five new intelligent electric hybrid products, including the Zeekr 9X, Lynk & Co 10 EM-P, Geely Galaxy A7, and Geely Galaxy M9 [1]. - The company will also implement advanced technologies such as the Qianli Haohan intelligent safety assistance driving H9 solution, the Thor hydrogen technology, and the next-generation Flyme Auto intelligent cockpit system [1]. - The four major brands—Zeekr, Lynk & Co, Geely Galaxy, and Chinese Star—will collaborate comprehensively to enhance market performance [2].

Core Viewpoint - The article discusses the significant growth and strategies of Chinese automotive companies in the global market, highlighting their export achievements and unique approaches to internationalization in the first half of 2025 [3][4]. Group 1: Overall Industry Trends - In the first half of 2025, China's automotive exports reached 3.083 million units, marking a year-on-year increase of 10.4% [3]. - Chinese automakers are no longer focused solely on sales numbers but are embedding capital, production capacity, and supply chains into global markets through methods such as Hong Kong IPOs, overseas factories, and joint ventures [4]. - The global expansion of Chinese car manufacturers has entered a new phase, with a shift from merely selling cars to establishing production facilities abroad [3][4]. Group 2: Chery Automotive - Chery maintained its position as the top exporter, with an export volume of 548,000 units, accounting for 17.8% of total exports [6]. - Chery's overseas sales revenue was approximately 29.1 billion RMB in 2022, representing 35.3% of total revenue, and is projected to approach 50% by 2024 [6][8]. - The company has established a global sales network with 1,075 dealers and 2,541 sales outlets outside China, leading in several international markets [7]. Group 3: BYD - BYD's exports surged by 130% year-on-year to 470,000 units in the first half of 2025, becoming the second-largest exporter among Chinese automakers [10][11]. - In Europe, BYD's electric vehicle sales surpassed Tesla for the first time in April, with registrations reaching 7,231 units [11]. - BYD is expanding its global production and supply chain network, with a new factory in Brazil marking its third overseas production line [12]. Group 4: Great Wall Motors - Great Wall Motors achieved overseas sales of 198,000 units, with 30,083 units of pickup trucks sold, representing a 24.3% increase [15][16]. - The company has a long history of exporting pickups, having entered the international market in 1998 [16]. - Great Wall's high-end brand WEY is also accelerating its internationalization efforts [16]. Group 5: Geely - Geely's overseas export volume reached 184,000 units in the first half of 2025, with a strong performance in the electric vehicle segment [18]. - The company is expanding its dealer network in Australia and New Zealand, aiming to establish 100 dealerships in the next three years [20]. - Geely's high-end brand Zeekr has entered over 40 countries, with a significant presence in the luxury vehicle market [20]. Group 6: XPeng Motors - XPeng Motors achieved overseas sales of approximately 19,000 units, expanding its business to 46 countries and regions [21][26]. - The company is focusing on Southeast Asia and Europe, with plans to establish a localized production facility in Indonesia [25]. - XPeng aims to cover 60 countries and regions by the end of 2025, with a goal of being among the top three global exporters of new energy vehicles by 2027 [25][26]. Group 7: Leap Motor - Leap Motor's overseas sales reached approximately 20,000 units in the first half of 2025, aided by a partnership with Stellantis [27][31]. - The company has established over 100 sales outlets in Germany, achieving a market share of over 1% in the pure electric vehicle segment [28]. - Leap Motor is also planning localized assembly projects in Malaysia to enhance its market presence [28]. Group 8: Seres - Seres submitted its IPO application to the Hong Kong Stock Exchange and has established operations in multiple countries across Europe, the Middle East, and Africa [33][35]. - The company is focusing on localized manufacturing in Indonesia and has plans for expansion in the Middle East and Africa [37][38]. - Seres aims to enhance its overseas sales channels and delivery capabilities through diverse partnerships and local manufacturing [38].