Core Viewpoint - SUTENG JUCHUANG (02498) has announced a new partnership with Great Wall Motors (02333) to supply pre-installed mass production for a new vehicle model, expected to begin delivery in 2026 [1] Group 1: Company Developments - SUTENG JUCHUANG will utilize RoboSense's high-performance and reliable digital lidar solutions to enhance the perception capabilities of Great Wall Motors [1] - The collaboration aims to create a safer and smarter travel experience for consumers [1] Group 2: Industry Implications - The partnership signifies a trend towards integrating advanced sensing technologies in the automotive industry, particularly in the context of smart vehicle development [1] - This move reflects the growing importance of safety and intelligence in automotive design and manufacturing [1]

Market Overview - The Hong Kong stock market experienced fluctuations, with the Hang Seng Index closing at 23,831 points, down 145 points or 0.61% [1] - The US stock market saw declines across major indices, with the Dow Jones falling by 427.09 points or 0.90% [2] - Southbound funds maintained a net inflow of 121.9 billion HKD in November, indicating continued interest in Hong Kong stocks [3] Sector Performance - The materials sector, particularly non-ferrous metals, led the gains in the Hong Kong market, with notable increases in stock prices for companies like Sunny Optical Technology, which rose by 6.2%, and Zijin Mining, which increased by 5.3% [1][5] - In the US market, technology stocks faced profit-taking pressure, particularly in AI-related stocks, contributing to the overall market decline [2] Investment Opportunities - The report emphasizes the importance of technological self-reliance as a core theme for future performance in the Hong Kong market, suggesting that leading companies in AI, semiconductors, and industrial software may present long-term growth opportunities [3] - Specific recommendations include focusing on sectors with lower valuations and higher dividends, as well as companies benefiting from anticipated Federal Reserve interest rate cuts [3] Company Highlights - XPeng Motors reported a 19% year-on-year increase in vehicle deliveries for November, totaling 36,728 units, and a cumulative delivery of 391,937 units for the year, reflecting a 156% increase [9] - Alibaba, ZTE, and Meituan were among the top net purchases by southbound funds, indicating strong investor interest in these companies [9] Stock Performance - The Hang Seng Index and its sub-indices showed varied performance over the past month, with the Hang Seng Technology Index up by 0.8% [16] - Notable stock performances include Tencent Holdings, which saw a 1.3% increase, and Alibaba, which rose by 2.2% [16]

近日，市委常委、统战部部长黄卿带领我市汽车产业企业考察团赴京冀考察学习。 全市新能源汽车产业链18名骨干企业负责人参加考察。 黄卿表示，组织民营企业家走出去对标学习，是服务"两个健康"、优化营商环境的具体行动。通过 实地考察，搭建学习交流平台，能够帮助我市企业家看到自身与行业标杆的差距与努力方向，有效提升 战略眼光和创新意识，同时也为推动郑州与京冀地区产业对接、深化区域合作奠定良好基础。希望各位 企业家将学到的新理念、新思路转化为企业创新发展的实际行动，把握发展趋势、拓展合作空间，争做 郑州新能源汽车产业生态的建设者和贡献者，为郑州国家中心城市现代化建设汇聚更多智慧和力量。 考察团先后走进小米汽车、理想汽车、北汽新能源、长城汽车、三河世原等企业，观摩学习智能制 造、技术创新、品牌建设与市场拓展方面的先进理念与实践成果，深入探讨大数据、人工智能如何赋能 研发、营销和用户体验创新，详细了解新材料、新工艺的应用与产业链协同创新模式。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：601633 证券简称：长城汽车 公告编号：2025-125 转债代码：113049 转债简称：长汽转债 长城汽车股份有限公司 2025年11月产销快报 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 本公告乃由长城汽车股份有限公司（「本公司」）自愿刊发。 本公司董事会谨此宣布，本公司于2025年11月产销量详细如下(单位:台)： ■ 特此公告。 长城汽车股份有限公司董事会 2025年12月1日 证券代码：601633 证券简称：长城汽车 公告编号：2025-126 转债代码：113049 转债简称：长汽转债 长城汽车股份有限公司 11月海外销售57,309台，1-11月累计销售448,648台。 11月新能源车销售40,113台，1-11月累计销售364,731台。 务请注意，上述产销量数字未经审核，亦未经本公司审计师确认，或会予以调整并有待最终确认。本公 司刊发财务业绩后，股东及潜在投资者务必详阅。 关于可转换公司债券转股及2023年股票期权激励计划自主行权结果暨 ...

Group 1 - The Chinese automotive market remains strong in November, but the impact of subsidy reductions is spreading beyond price-sensitive consumers, leading to a general delay in purchasing decisions [2] - NIO's CEO Li Bin noted a significant drop in new orders across the industry in November, with consumers adopting a wait-and-see approach [2] - BYD's sales in November reached 480,000 units, a year-on-year decline of 5.25%, indicating a shift from rapid growth to a need for structural adjustment [2] Group 2 - Geely's sales in November were 310,000 units, a year-on-year increase of 24%, supported by multiple product lines [3] - SAIC's overall sales reached 316,000 units, with a growth rate of 9.5%, indicating a stable performance across its brands [3] - Great Wall and Chery maintained steady sales, with Great Wall selling 133,200 units (up 4.57%) and Chery selling 255,800 units (down 2%) [3] Group 3 - The new energy vehicle segment is gaining traction among state-owned enterprises, with Dongfeng's Lantu surpassing 20,000 units in November [4][5] - Traditional brands like FAW showed stable performance, with total sales of 306,000 units in November, including a significant increase in new energy vehicle sales [5] Group 4 - Huawei's automotive strategy is evolving, with its smart vehicle delivery reaching 81,864 units in November, reflecting its growing influence in the industry [6] - The competition is shifting from vehicle-to-vehicle to ecosystem-to-ecosystem, highlighting the importance of integrated capabilities [6] Group 5 - New entrants like Leap Motor delivered 70,327 units in November, marking a year-on-year growth of over 75%, positioning themselves as significant competitors [6] - Xiaomi maintained stable delivery levels above 40,000 units, while XPeng and NIO also reported strong growth in November [7] Group 6 - The automotive market is entering a phase that tests companies' capabilities, with consumers becoming more discerning and extending their decision-making processes [8] - The focus of competition is shifting from subsidies to long-term brand value, supply chain stability, and technological advancement [9]

12月1日，长城汽车宣布全球累计销量超1600万辆。2025年11月，长城汽车销售新车13.32万辆，同比增 长4.57%，新能源车型销售4.01万辆，同比增长11.43%，海外销售5.73万辆，同比增长32.70%，再创历 史新高。 ...

长城汽车（601633）(601633.SH)发布公告，公司2025年11月汽车销量13.32万台，同比增长4.57%;11月 新能源汽车销量40113台。2025年1-11月汽车销量119.97万台，同比增长9.26%。 ...

格隆汇12月1日丨长城汽车(601633.SH)公布，2025年11月公司销量为13.32万台，同比增长4.57%； 产量为13.42万台，同比持平。2025年1-11月，公司累计销量为119.97万台，同比增长9.26%；累计产量 为119.45万台，同比增长8.51%。11月新能源车销售4.01万台，1-11月累计销售36.47万台。11月海外销 售5.73万台，1-11月累计销售44.86万台。 ...

截至发稿，长城汽车市值为1893亿元。 每经头条（nbdtoutiao）——5年期大面积下线，3年期利率低至1.5%仍一单难求：要么"售罄"要么"额度 紧张"！中长期大额存单为何在消失？ （记者 王晓波） 每经AI快讯，长城汽车（SH 601633，收盘价：22.12元）12月1日晚间发布公告称，长城汽车2025年11 月汽车总销量约13万辆，同比增加4.57%；今年累计销量约120万辆，同比增加9.26%。 2024年1至12月份，长城汽车的营业收入构成为：汽车行业占比98.72%，其他业务占比1.28%。 ...

长城将在全新蓝山智能进阶版上搭载 VLA 辅助驾驶方案。 文 丨 沈行 辅助驾驶正处在技术的交界点，"规则" 方案的上限已经触顶，去年以特斯拉为首的 "端到端" 路线开 始快速普及，即传感器原始信息直接输入模型、模型直接输出车辆动作。端到端的意义在于，它让辅 助驾驶研发进入了 AI 时代：能力不依赖人工编程，而是随着数据规模的扩大持续进化。 但随着应用场景变得更复杂，行业开始意识到仅靠模仿难以覆盖真实世界的多样性——端到端无法处 理未曾 "见过" 的极端场景，为了突破这个瓶颈，辅助驾驶从端到端继续演进，向能够理解语义、推理 场景、解释决策的 VLA（Vision-Language-Action）过渡，能力的重心从 "会开" 转向 "会想、会判 断"。 对于辅助驾驶发展趋势的探索，长城是行业内反应更快、判断更明确的那一个。长城是最早完成 VLA 量产落地的车企之一，并率先在即将发布的全新车型——魏牌全新蓝山智能进阶版上搭载。 今年前三季度，长城汽车累计投入研发费用约 66.36 亿元，同比增长 6.9%。智能化是重要的研发方向 之一，长城汽车 CTO 吴会肖曾表示，智能化相关研发费用目前约占长城总研发费用的一半 ...