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，校政企 三方围绕人才共育、实习实训、科研合作等议题展开深入交流，共同推动教育链与产业链的有机衔接。 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蒋晓丽对锦 城学院的办学成果和人才培养质量表示肯定，并欢迎更多锦城学子加入永川建设。 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。 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业现场签 署校企合作协议，授予"教学、实习、就业基地"牌匾。 ...

Core Viewpoint - The sudden suspension of operations at Haomo Zhixing, a smart driving company incubated by Great Wall Motors, has left approximately 300 to 400 employees facing significant uncertainty, highlighting the challenges faced by companies in the smart driving sector amid fierce competition and technological transitions [1][11]. Company Overview - Haomo Zhixing, established in November 2019, was previously part of Great Wall Motors' intelligent driving system development department, focusing on passenger car assisted driving and logistics automation [1][2]. - The company had raised approximately 2 billion RMB in funding and achieved a valuation exceeding 1 billion USD, positioning itself as a unicorn in the industry [2]. Technological Achievements - The company launched its first logistics automation vehicle, "Xiao Mo Tuo," in November 2020 and developed the MANA intelligent data system, along with the DriveGPT cognitive model [2]. - As of 2024, Haomo Zhixing's user driving mileage surpassed 250 million kilometers, equivalent to circling the Earth 60,000 times [2]. Challenges and Setbacks - Despite past successes, Haomo Zhixing faced significant challenges in transitioning from "image-based" to "non-image-based" smart driving technology, a critical juncture for survival in the industry [3][4]. - The company failed to deliver satisfactory "non-image" solutions, leading to Great Wall Motors losing patience and opting to collaborate with external suppliers like Yuanrong Qixing [5][6][7]. Market Position and Competition - The decision to partner with external suppliers marked a loss of leadership for Haomo Zhixing in the high-level smart driving supply chain [8]. - The company's dual identity as a technology firm and a subsidiary of an automotive manufacturer created fundamental conflicts, hindering its ability to expand its customer base and overcome trust barriers with other automakers [8][9]. Financial and Operational Struggles - Haomo Zhixing attempted to pivot to the mid-to-low level assisted driving market but faced intense competition and price wars, which severely impacted its financial stability [9][11]. - The company initiated layoffs in late 2024, but as funding became constrained, the situation deteriorated rapidly, leading to the current operational halt [9][11]. Industry Context - The smart driving industry in China is experiencing a significant shakeout, with over a thousand companies competing and at least 300 publicly listed firms involved in smart driving technologies [12][13]. - The case of Haomo Zhixing illustrates the harsh realities of the smart driving sector, where once-promising unicorns can quickly fall from grace amid technological shifts and market pressures [13][14].

Core Insights - The 2026 Great Wall Cannon has been launched at the 2025 Guangzhou Auto Show, with suggested retail prices ranging from 99,800 to 182,800 yuan for different models [1] - Since its inception in 2019, the Great Wall Cannon has sold over 750,000 units globally, maintaining its position as the best-selling pickup in China for 60 consecutive months [5] Product Features - The 2026 Off-Road Cannon is built on the Tank platform, featuring a 2.4T diesel engine with a maximum net power of 135 kW and peak torque of 480 N·m, ensuring quick acceleration and climbing response [7] - The vehicle is equipped with a 9AT transmission, providing a wide gear ratio of 8.843 for smooth shifting [7] - The gasoline version has also been upgraded, with power increasing from 140 kW to 160 kW and torque from 360 N·m to 380 N·m [7] Off-Road Capabilities - The 2026 Off-Road Cannon features the BorgWarner 4A+MLOCK four-wheel drive system and comes standard with three mechanical differentials, enhancing off-road capabilities [8] - It offers nine driving modes for various terrains, including economic, standard, sport, snow, mud, sand, 4L, rock, and expert modes [8] - The vehicle includes a 9500-pound wireless T-MAX winch for easier and safer recovery, along with advanced off-road configurations [8] Passenger Vehicle Features - The 2026 Passenger Cannon is also based on the Tank platform, featuring a 2.4T engine paired with a 9AT transmission, designed for various driving scenarios [10] - It includes the Coffee OS 3 smart cockpit with a 10.25-inch digital instrument panel and a 14.6-inch central touchscreen, equipped with advanced protective features [10] - The vehicle supports multiple connectivity options and has a rich application ecosystem, enhancing user experience and safety [10] Commercial Vehicle Features - The 2026 Commercial Cannon is designed for high load capacity, featuring a reinforced chassis and a cargo box size of 1760*1520*540 mm [12] - It is built with galvanized materials to withstand corrosion, ensuring durability for up to 10 years [12] - The vehicle has a towing capacity of 3 tons, making it suitable for various commercial applications [12] Safety Features - The 2026 Commercial Cannon incorporates a high-strength cage body and standard collision fuel cut-off with automatic unlocking for enhanced safety [13] - Upgraded LED headlights and larger tires improve driving stability and safety [13] - The launch of the 2026 Great Wall Cannon signifies the company's commitment to innovation and leadership in the pickup market, aiming to popularize Chinese pickups globally [13]

公开资料显示，毫末智行成立于2019年11月，致力于自动驾驶的人工智能技术，是中国首个实现自动驾 驶技术量产的企业，其前身为2015年长城汽车成立的智能驾驶系统开发部，是长城汽车内部孵化的子公 司。团队由长城汽车的内部技术人员和来自百度、华为等科技企业的工程师组成。 毫末智行早期也有过"风光岁月"：2021年A轮融资中，美团、高瓴、高通等顶级机构注资近10亿元，使 其迅速跻身独角兽行列。2021年5月起，核心产品辅助驾驶系统HPilot 1.0迅速搭载魏牌摩卡等多款车 型。2022年3月，辅助驾驶系统快速迭代至HPilot 2.0版本。2024年用户智驾里程突破2.5亿公里。 据了解，毫末智行的人事动荡由来已久。去年，毫末智行启动大规模裁员，职能部门比例高达三分之一 至近半，同期数据智能科学家贺翔也宣告离职；今年，董事长张凯于6月提出离职，还有多位中高层管 理人员离职，包括技术副总裁艾锐、产品副总裁蔡娜、智行品牌官王佳等关键人物。 智通财经APP获悉，据媒体报道，有消息称长城汽车(02333,601633.SH)旗下的自动驾驶技术公司毫末智 行11月23日突然通知员工，自11月24日起不用到岗上班，赔偿方案尚 ...

智通财经APP获悉，据媒体报道，有消息称长城汽车(02333,601633.SH)旗下的自动驾驶技术公司毫末智 行11月23日突然通知员工，自11月24日起不用到岗上班，赔偿方案尚未公布。报道引述知情人士指出， 目前毫末智行约有200多名员工，公司内部尚未就停工后有何调整给出具体说法，"可能是完全解散，也 可能只是暂时停工，但复工日期还不清楚"。 另据知情人士透露，毫末智行公司运营已基本停滞，公关等职能部门处于空缺状态，项目方面，仅余一 个与现代汽车的合作项目尚在收尾。 长城官方未对此事进行公开回复，但长城汽车智驾部门人士表示，长城汽车智驾部门已在业务上基本剥 离毫末智行的技术方案。 公开资料显示，毫末智行成立于2019年11月，致力于自动驾驶的人工智能技术，是中国首个实现自动驾 驶技术量产的企业，其前身为2015年长城汽车成立的智能驾驶系统开发部，是长城汽车内部孵化的子公 司。团队由长城汽车的内部技术人员和来自百度、华为等科技企业的工程师组成。 毫末智行早期也有过"风光岁月"：2021年A轮融资中，美团、高瓴、高通等顶级机构注资近10亿元，使 其迅速跻身独角兽行列。2021年5月起，核心产品辅助驾驶系统HP ...

Summary of Key Points from the Conference Call on China Auto Manufacturers Industry Overview - The conference call focused on the **China Auto Manufacturers** industry, particularly the performance of **New Energy Vehicles (NEVs)** and traditional internal combustion engine (ICE) vehicles in October 2025. Core Insights and Arguments 1. **NEV Market Performance**: - October 2025 saw a **-8% month-over-month (MoM)** decline in domestically produced NEV passenger vehicle (NEV-PV) sales, although there was a **+1% year-over-year (YoY)** increase, which missed expectations [1][9]. - Local Chinese brands maintained a high NEV market share of **84.3%**, increasing by **+1.2 percentage points (ppt) MoM** [6]. 2. **ICE Vehicle Sales**: - The penetration of ICE vehicles increased to **42.4%**, up **+0.8 ppt MoM** [2]. - Chinese brands' ICE market share rose by **+1.7 ppt MoM** to **35.4%**, while foreign brands (German, Japanese, US) experienced declines [3]. 3. **Market Share Changes**: - **Xiaomi, Nio, and Seres** gained BEV market shares with increases of **+1.3 ppt, +1.0 ppt, and +0.8 ppt** respectively, while **Tesla and BYD** lost market shares of **-4.9 ppt and -2.6 ppt** [2]. - **Geely and Chery** gained PHEV market shares by **+1.2 ppt and +0.3 ppt** respectively, while **GWM and BYD** lost shares [2]. 4. **Tesla's Performance**: - Tesla's domestic insurance retail sales dropped **-61% MoM** and **-34% YoY** to **27,367 units**. Wholesales were **61,497 units**, down **-32% MoM** and **-10% YoY** [4][19]. - Tesla's inventory levels increased, indicating potential overstock issues [5]. 5. **Inventory Levels**: - Overall inventory for major OEMs rose from **2.3 months** at the end of September to **2.7 months** at the end of October [5]. - NEV inventory also increased by **0.3 months MoM** to **1.7 months** [5]. Additional Important Insights 1. **Export Performance**: - The export volume of NEVs reached **35,491 units**, reflecting a **+84% MoM** and **+28% YoY** increase, indicating strong international demand [4]. 2. **Sales Data**: - Total domestically produced NEV PV sales for October 2025 were **1,189,321 units**, with a **1% YoY increase** but an **8% MoM decrease** [9]. 3. **Market Dynamics**: - The competitive landscape is shifting, with local brands gaining ground against established players like Tesla and BYD, suggesting a potential long-term trend favoring domestic manufacturers [2][3]. 4. **Analyst Certification and Disclosures**: - The report includes important disclosures regarding potential conflicts of interest and the analysts' certifications, emphasizing the need for investors to consider these factors in their decision-making [7][26]. This summary encapsulates the key points discussed in the conference call, highlighting the current state and trends within the Chinese auto manufacturing industry, particularly focusing on NEVs and ICE vehicles.

Core Viewpoint - Great Wall Motor Co., Ltd. has obtained a patent for a "method, device, storage medium, and vehicle for cleaning a steering gear" with the authorization announcement number CN 119267550 B, applied on September 2024 [1] Group 1 - The patent signifies Great Wall Motor's commitment to innovation in vehicle technology [1] - The focus of the patent is on enhancing the cleaning process of steering gears, which could improve vehicle maintenance and performance [1]

Group 1 - Xiaomi's Vice President refuted rumors regarding a car accident near Xiao Qiao subway station that allegedly resulted in 8 deaths, stating that the information is false and unrelated to Xiaomi [2] - Great Wall's subsidiary, Haomo Zhixing, reportedly informed around 200 employees that they do not need to report to work starting November 24, with no clear indication of whether this is a temporary suspension or a complete dissolution [2] - There are circulating rumors about a new "C7 license" allowing the operation of low-speed electric vehicles, commonly referred to as "old man cars," in cities like Shanghai and Guangzhou, which have been denied by local traffic management authorities [2] Group 2 - The new Changan Ford Mondeo was unveiled at the Guangzhou Auto Show, featuring a complete design overhaul with a low and wide body style, a classic Ford front design, and a sporty fastback silhouette [2]

Investment Rating - The report maintains a "Buy" rating for the automotive sector, anticipating a bottoming and upward trend in Q1 2026 [1]. Core Insights - The automotive sector is currently experiencing a cooling sentiment due to the impact of trade-in quotas, with October retail sales falling below expectations and November expected to perform moderately. The fourth quarter is also anticipated to underperform previous market expectations. However, the sector is expected to find a bottom and begin to rise in Q1 2026, presenting potential investment opportunities for the upcoming year [1][2]. Data Tracking - In early November, the discount rate for vehicles increased to 10.0%, up by 0.4 percentage points month-on-month and 1.5 percentage points year-on-year. The average discount amount rose by 23,103 yuan, with significant fluctuations among major brands [3]. - In October, new energy vehicle deliveries from leading companies showed a notable increase for BYD, which delivered 442,000 units, a month-on-month increase of 11.5% but a year-on-year decrease of 12.1%. Other companies like Leap Motor and Xpeng also reported significant year-on-year growth [3][20]. - Traditional automakers also saw growth in October, with Geely's sales reaching 307,000 units, a year-on-year increase of 35.0% and a month-on-month increase of 12.5% [3][23]. Industry News - The report highlights several key developments in the automotive industry, including the launch of new models and significant sales figures for new energy vehicles. For instance, from November 1 to 16, the retail sales of new energy vehicles reached 554,000 units, a year-on-year increase of 2% [30][31]. - The report also notes the introduction of advanced technologies in new models, such as the Deep Blue L06 and the Xiaopeng X9, which feature cutting-edge battery systems and autonomous driving capabilities [30][31].

Group 1 - The core theme of the Haval brand at the 2025 Guangzhou International Auto Show is "Young and Active with Haval," showcasing its entire product matrix and conveying its understanding of "youthful edges" [1] - Haval has achieved steady sales growth by accurately grasping the trend of youthfulness, with total sales of 616,700 units from January to October this year, representing a year-on-year increase of 13.28% [2] - The Haval brand's youthfulness strategy signifies its evolution from merely being an "automobile manufacturer" to becoming a "companion in a youthful lifestyle" [4] Group 2 - The Haval brand's global strategy is advancing, with the production launch of its factory in Brazil marking a new phase in localized operations worldwide [4] - The Haval Menglong model has sold over 150,000 units, serving as a crucial support for the brand's youthfulness strategy [2]