智通财经APP获悉，乘联会秘书长崔东树发文称，2025年10月俄罗斯汽车销量达到18.3万辆的水平，同比下降8%，环比9月增35%。1-10月俄罗斯车市的 累计销量119万辆，同比下降23%。2023年中国出口俄罗斯100万辆车，自主的俄罗斯市场销量48万辆，销量是中国自主出口量的48%。2024年中国出口俄 罗斯128万辆车，自主的俄罗斯市场销量107万辆，自主的俄罗斯市场销量是中国自主出口量的84%。2025年1-10月中国出口俄罗斯45万辆车，自主品牌俄 罗斯销量68.5万辆，当地销量是中国出口的152%，终于实现了大幅去库存的走势。 面对俄罗斯的复杂环境，自主品牌多生孩子好打架的战略意义重大。自主品牌的整车官方车口，平行出口、绕道出口、本地化建厂、合资组装等各种模式 齐上阵，大量的品牌群狼作战，实现了很好的效果。规范出口对俄罗斯是不适合的，尤其我们面对是俄罗斯的针对性干扰措施，一定要在复杂的国际关系 下发挥群众优势，实现创新式发展。 中国车企在在俄罗斯加速本土化生产与供应链重构，多项举措改善状态。首先是针对俄罗斯进口关税阶梯式上调深化KD组装模式，建立区域生产基地。 通过本地化生产规避关税并缩短交付周 ...

Market Overview - The automotive industry index increased by 14.79% as of November 21, 2025, outperforming the Shanghai Composite Index and CSI 300 Index by 0.38 percentage points and 1.61 percentage points respectively [11][12] - The automotive sector's performance was strong in the first half of 2025 but became more aligned with the broader market in the second half [11][12] - The majority of sub-sectors showed positive growth, with motorcycles and other segments leading the gains [17][18] Financial Performance - The automotive industry achieved a revenue of CNY 36,976.27 billion in 2024, a year-on-year increase of 3.35%, and a net profit of CNY 1,363.61 billion, up 9.98% [30] - In the first three quarters of 2025, the industry reported revenues of CNY 28,712.84 billion, reflecting a 10.73% year-on-year growth, and a net profit of CNY 1,165.36 billion, up 10.72% [30][31] - The industry’s gross margin was 15.83% in the first three quarters of 2025, a slight decline from the previous year, while the net margin improved to 4.29% [33] Passenger Vehicle Segment - The passenger vehicle market is expected to reach record sales in 2025, driven by policy support and increased penetration of new energy vehicles (NEVs) [43] - NEV retail sales reached 10.15 million units from January to October 2025, a year-on-year increase of 21.9%, with a market share of 52.73% [45][50] - The market structure is shifting towards domestic brands, which captured nearly 70% of the market share by September 2025, while foreign brands are losing ground [50][51] Commercial Vehicle Segment - The commercial vehicle market showed signs of recovery in 2025, with production and sales increasing by nearly 10% year-on-year in the first three quarters [5] - The growth in the commercial vehicle sector is driven by policies promoting vehicle replacements and the rising sales of new energy commercial vehicles [5][6] Automotive Parts Sector - The national strategy emphasizes "intelligent and connected" technologies as the main axis for upgrading the automotive industry [5] - The penetration of advanced driver-assistance systems (ADAS) is expected to drive market expansion and domestic substitution in core hardware [5][6] Investment Recommendations - The report maintains a "stronger than market" rating for the automotive sector, recommending key companies in the passenger vehicle segment such as BYD, Changan Automobile, and Great Wall Motors [6] - In the commercial vehicle segment, Yutong Bus is recommended, along with a focus on China National Heavy Duty Truck [6] - For the automotive parts sector, companies like Feilong Co., Top Group, and Desay SV are highlighted as potential investment opportunities [6]

总部位于北京的智驾公司毫末智行科技有限公司（以下简称"毫末智行"）突然被曝出停摆的消息。 11月24日，多名知情人士告诉蓝鲸汽车记者，毫末智行11月22日突然在公司内部群发布"停工放假通 知"，称基于公司经营现状，决定自24日起，公司及分公司全部在职员工停工放假，复工时间另行通 知。 "仅一纸通知，甚至没有说明停工期限，没有说明薪资发放、社保公积金缴纳以及赔偿方式等具体情 况。"多名知情人士对蓝鲸汽车记者表示，现在公司还有将近300人，北京、保定等地都有员工，但目前 钉钉已不能考勤打卡。 红星资本局采访到的员工称，公司领导层没有对该通知作出任何解释，随后公司群被禁言。有北京员工 称，公司已拖欠两个月工资，目前没有管理层与员工沟通后续赔偿及安排。 据内部员工杨明（化名）向新黄河记者证实，停工通知下达得非常突然——邮件在周五临近下班时发 出。为防止后续物业封楼导致无法取出个人物品，不少员工在周末赶回公司打包。 这一内部信显示，彼时，毫末智能驾驶产品已落地搭载超过20款车型，其自动配送车小魔驼将行业单车 平均价格从几十万元降到了几万元，为多个物流场景配送了接近90万单。 但也正是在去年11月，毫末智行就曾传出遭遇经 ...

Core Viewpoint - The autonomous driving company Haomo Zhixing, backed by Great Wall Motors and other investors, has reportedly ceased operations, leading to over 200 employees leaving the company, with some transferring to Great Wall Motors [1][2]. Group 1: Company Background - Haomo Zhixing was established in November 2019 as a subsidiary of Great Wall Motors, focusing on artificial intelligence technology for autonomous driving [1]. - The company had a valuation of 7 billion yuan and successfully completed four rounds of financing between 2021 and 2024, with the A round raising nearly 1 billion yuan [2]. Group 2: Operational Challenges - The company faced significant challenges in 2023, including delays in the rollout of its city NOH feature, which was expected to launch in 100 cities by 2024 [3]. - Despite the successful launch of the HPilot 3.0 system in various models, the company struggled with resource allocation and production scale, leading to an imbalance in investment returns [4]. Group 3: Market Dynamics - The investment landscape for autonomous driving projects has become increasingly cautious, impacting Haomo Zhixing's ability to secure additional orders from automotive manufacturers [4].

Core Insights - The autonomous driving company Haomo Zhixing, backed by Great Wall Motors and other investors, has announced that employees will not be required to report to work starting November 24, indicating potential operational issues and layoffs [1][2] - Over 200 employees have reportedly left the company, with some transitioning to Great Wall Motors, highlighting a significant workforce reduction [1] - The company, which was once valued at 7 billion yuan, is facing challenges in the competitive autonomous driving market, with its leadership indicating that 2024 will be a difficult year [1][2] Company Background - Haomo Zhixing was established in November 2019 as a subsidiary of Great Wall Motors, focusing on artificial intelligence technology for autonomous driving [1] - The company has successfully completed four rounds of financing between 2021 and 2024, with the A round raising nearly 1 billion yuan [2] - The team comprises talent from Great Wall Motors and other tech companies, including former executives from Baidu and Huawei [2] Operational Challenges - In 2023, the company faced setbacks, particularly with the launch of its HPilot 3.0 system and the rollout of its city NOH feature, which did not meet expectations [2][3] - The company’s strategy of diversifying into both passenger vehicle assistance and unmanned logistics has led to resource dilution, impacting production scale and cost efficiency [3] - As a result of these challenges, Great Wall Motors has begun seeking external partnerships, indicating a loss of confidence in Haomo Zhixing's capabilities [3]

Core Viewpoint - The sudden operational halt of Haomo Zhixing highlights the critical issue of technological lag in the autonomous driving industry, leading to severe financial and operational consequences for the company [4][12][20]. Company Overview - Haomo Zhixing, established in November 2019 as a subsidiary of Great Wall Motors, was once a promising player in the autonomous driving sector, achieving a valuation exceeding $1 billion and securing significant orders for its HPilot system [4][10][11]. - The company has faced a rapid decline, with its accounts frozen, employee salaries halted, and difficulties in issuing employment certificates [5][18]. Operational Challenges - The operational crisis has affected approximately 300 to 400 employees, with many facing non-renewal of contracts and unpaid salaries for October and November [7][17]. - The company was unable to deliver a satisfactory "no-map" solution for its autonomous driving technology, leading to Great Wall Motors seeking external suppliers for critical projects [14][15]. Financial Decline - Haomo Zhixing's financial troubles began to surface in November 2024, with a 30% reduction in workforce and a wave of executive departures in mid-2025 [17][18]. - The company has struggled with commercialization and financing, resulting in a reliance on a single client, Great Wall Motors, which poses significant risks [15][20]. Industry Context - The autonomous driving industry is transitioning from a phase of rapid growth to a "survival of the fittest" stage, where companies must establish sustainable business models and technological competitiveness to avoid being eliminated from the market [20][21]. - As technology matures, the focus of competition is shifting from basic technological capabilities to the integration of these technologies to create unique user experiences [20][21].

Core Insights - The 23rd Guangzhou International Auto Show showcased a significant increase in visitor turnout and featured 1,085 vehicles, including 93 global debuts and 629 new energy vehicles, highlighting the strong presence of domestic brands and the acceleration of localization strategies by foreign brands [1][2] Industry Trends - The Chinese automotive market has crossed the critical point of electric vehicle (EV) adoption, with cumulative sales of new energy vehicles reaching 12.943 million units from January to October 2025, marking a 32.7% year-on-year increase and a market penetration rate exceeding 52.9% [2] - The shift towards electric and intelligent vehicles is no longer optional but essential, driving profound changes in product development, supply chain management, and overall industry ecology [2][4] Company Developments - Great Wall Motors unveiled its VLA advanced driver-assistance model, emphasizing the evolution of driving technology and user experience [3] - Ford and Buick are adapting their strategies to local market demands, with Ford's Mustang featuring a localized architecture and advanced technology, while Buick integrates local innovations for enhanced user experience [3] Innovation in the Supply Chain - The auto show highlighted the importance of collaboration across the automotive supply chain, with companies like Jiangsong Technology showcasing innovative solutions such as vertical parking systems with fire safety features and automated charging robots [5] - Xpeng Motors is venturing into humanoid robotics, demonstrating a bionic robot that integrates automotive technology and AI capabilities, indicating a trend towards multi-functional applications of automotive technology [6] - CATL presented its latest battery technology solutions, emphasizing the shift of core supply chain companies from mere suppliers to co-creators in the automotive ecosystem [6]

Core Viewpoint - The sudden announcement by Haomo Zhixing, a subsidiary of Great Wall Motors, to stop all employees from working starting November 24 has raised concerns about the company's potential dissolution and lack of communication regarding employee compensation and future plans [1][3]. Company Overview - Haomo Zhixing, established in 2019, was the first company in China to achieve mass production of autonomous driving technology, focusing on three main areas: passenger car intelligent assisted driving, last-mile logistics delivery vehicles, and smart hardware [3]. - The company had received significant investments, totaling approximately 2 billion yuan, and reached a valuation of over 1 billion USD after its Series A funding in 2021, peaking at a valuation of over 10 billion yuan [3]. Recent Developments - The company launched three affordable intelligent assisted driving products in October 2023, but has faced delays in the rollout of its urban NOH feature, leading to speculation about its operational viability [3][4]. - Great Wall Motors has begun to rely on external supplier Yuanrong Qihang for end-to-end intelligent driving technology solutions, indicating a shift in strategy and a potential decline in Haomo Zhixing's importance within the group [4]. Financial and Operational Challenges - The new model, Blue Mountain, has seen rapid sales growth, with over 8,571 units sold within 24 hours of launch, and a monthly sales increase of over 200% year-on-year [4]. - However, Haomo Zhixing has been experiencing internal turmoil, including layoffs and a lack of clarity regarding employee compensation, leading to a trust crisis among staff [5][6]. Employee Relations - Employees have expressed concerns over unpaid bonuses and delayed salaries, with reports of high-level executives leaving the company amid growing dissatisfaction [5][6]. - There is an expectation for Haomo Zhixing to develop a responsible employee transition plan, with hopes that Great Wall Motors will provide support during this challenging period [6].

来源：中国网 近日，四川省成都锦城学院党委副书记王丽丽率领就业处及相关学院负责人赴重庆市永川区，开展"访企拓岗暨人才供需对接交流活动"，并与长城汽车股份有限公司重庆分公司等七家当地重点企 活动期间，学校调研团队走访了重庆云谷·永川大数据产业园及多家园区企业，深入了解其在数字文创、自动驾驶、服务外包等领域的产业布局和人才需求。在永川高新区管委会组织的座谈会上 王丽丽表示，学校高度重视与优质园区、企业的深度合作，希望以此次签约为契机，进一步推动人才培养与产业需求对接，助力学生在永川实现高质量就业和长远发展。永川高新区管委会副主任 此次合作是成都锦城学院积极响应国家"访企拓岗促就业"号召、深化产教融合的重要举措，也为成渝地区双城经济圈的建设提供了人才与智力支持。 ...

记者在现场看到，本次车展，魏牌全新高山家族、全新蓝山、新摩卡Hi4三大"明星车型"悉数亮相。 作为魏牌面向中产家庭打造的高端新能源MPV车型，全新高山一车三款，满足多元出行场景和用户需 求。同时，全新高山家族还全系标配了长城第三代Coffee Pilot Ultra（以下简称"CP Ultra"）辅助驾驶系 统、Hi4性能版智能四驱电混技术，主被动配置全部拉满，致力从空间、舒适、智能、性能、安全五大 维度，打造国产新能源MPV价值标杆。作为魏牌面向主流年轻家庭用户打造的全场景NOA智慧旗舰 SUV，全新蓝山同样搭载CP Ultra辅助驾驶系统。 据了解，目前该系统已累计护航2.43亿公里，渗透率高达96.7%，AEB自动紧急制动功能已帮助用户规 避9.4万次潜在碰撞风险。 《中国经营报》记者在现场注意到，魏牌宣布长城旗下首款搭载VLA辅助驾驶大模型方案的全新一代 辅助驾驶系统Coffee Pilot Master（以下简称"CP Master"）将"首搭"魏牌车型。同时，发布会上，魏牌 CEO冯复之宣布魏牌焕新计划全面开启，将从价值、形象、体验、服务四大维度推动品牌持续向上。 长城汽车VLA辅助驾驶大模型即将 ...