| 证券代码：601633 | 证券简称：长城汽车 | 公告编号：2025-097 | | --- | --- | --- | | 转债代码：113049 | 转债简称：长汽转债 | | 长城汽车股份有限公司 关于"长汽转债"可选择回售的第四次提示性公告 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。 重要内容提示： 本次满足回售条款而"长汽转债"持有人未在上述回售期内申报并实施 回售的，本计息年度（即 2025 年 6 月 10 日至 2026 年 6 月 9 日）不能再行 使回售权。 风险提示：可转债持有人选择回售等同于以 100.20 元/张（含当期利息） 卖出持有的"长汽转债"。截至目前，"长汽转债"的收盘价格高于本次回售 价格，投资者选择回售可能会带来损失，敬请投资者注意风险。 长城汽车股份有限公司股份有限公司（以下简称"本公司"或"公司"）的 A 股股票自 2025 年 6 月 10 日至 2025 年 7 月 21 日连续三十个交易日的收盘价格 低于公司公开发行的 A 股可转换公司债券（以下简称"长汽转债"）当期 ...

Group 1 - CATL has established a new energy company named Dongying Times Zero Carbon New Energy Technology Co., Ltd., focusing on carbon reduction and renewable energy technologies [2] - Funeng Technology received a development notification from GAC Group for battery pack assembly, expected to start supply within the year [3] - Chuangming New Energy signed a strategic cooperation agreement with Pinggao Group to develop mobile energy storage solutions [4] Group 2 - Chuangneng New Energy signed a long-term cooperation agreement with Nord Shares to procure 160,000 tons of copper foil materials over the next five years [5] - Ruipu Lanjun's revenue for the first half of the year is expected to be between 9.3 billion to 9.8 billion RMB, a growth of approximately 22.4% to 29.0% year-on-year [6] - Honeycomb Energy's second-generation battery has officially rolled off the production line, featuring a capacity of 65 kWh and ultra-fast charging capabilities [7] Group 3 - XWANDA's 20 GWh battery production project in Yiwu has received environmental approval, aiming for significant production capacity [8] - BYD has applied for a patent to increase the range of electric vehicles without changing battery pack dimensions [9][10] - Hunan Youneng plans to invest in a lithium battery cathode material project in Malaysia with a total investment of approximately 9.5 billion RMB [13] Group 4 - Jiangsu Yecheng New Materials' project for producing 400,000 tons of lithium battery anode materials has been approved [14] - Lithium Tai New Energy completed a million yuan angel round financing to advance battery safety technology [15] - Dingsheng New Materials announced a delay in the construction of its 800,000 tons battery foil project to December 2027 [16] Group 5 - Shanghai Weitai plans to acquire a 51% stake in Zhijiang New Materials, aiming to enter the lithium battery materials sector [17] - A new integrated phosphate-coal chemical project with a total investment of approximately 73 billion RMB has commenced construction [18][19] - Sichuan Wuke Jinsilicon received strategic investment to enhance its silicon-carbon anode material production capabilities [20] Group 6 - A 20 million RMB lithium battery composite new materials project has been signed in Jiangsu [21] - Yifei Laser delivered a new production line for large cylindrical batteries to a leading global battery customer [23] - Jing Shan Light Machinery has begun mass production of battery equipment for the energy storage sector [24] Group 7 - The Chinese lithium battery stacking equipment market is projected to reach 3.6 billion RMB in 2024, with a decline of 21.74% year-on-year [25] - A 18,000-ton lithium battery recycling project is set to be established in Heilongjiang [29] - A 48,000-ton lithium battery recycling project is proposed in Guangdong, with an investment of 651 million RMB [31] Group 8 - A new project for processing 60,000 tons of power batteries and 2 GWh of energy storage has been launched in Guangdong [32] - A 38,000-ton lithium battery recycling project is planned in Jiangxi [33] - BMW Group announced the establishment of a wholly-owned subsidiary in Nanjing, enhancing its information technology capabilities [35] Group 9 - XPeng Motors announced that its MONA M03 model has surpassed 150,000 cumulative deliveries [36] - Great Wall Motors reported a total revenue of 52.3 billion RMB for Q2 2025, a year-on-year increase of 7.8% [37] - BYD's 13 millionth electric vehicle has rolled off the production line [38] Group 10 - Chery aims to rank among the top ten global automotive manufacturers by the end of the year [39] - Mitsubishi Motors announced its complete withdrawal from the Chinese market [40][41] - Tesla's Model 3 has surpassed 3 million units in global sales [42]

Core Insights - Faraday Future's (FF) sub-brand FX recently launched its first model, Super One, which has faced criticism for its design similarities to Great Wall Motors' premium brand, Wey's MPV model, the Gao Shan 9 [1][3] - FX Super One reportedly received authorization from Wey to purchase components for assembly in the U.S., marking Great Wall Motors as one of the four partner automakers in FF's China-U.S. automotive bridge strategy [1] - The Super One has garnered over 10,000 paid reservations in the U.S. by July 18, indicating a more successful reception compared to FF's previous model, FF91, which only delivered 5 units by November 2023 [7] Product Details - The Gao Shan series is a high-end MPV from Wey, featuring a plug-in hybrid powertrain, while Super One shares many design elements with the Gao Shan, including headlight shape, side waistline, and taillight design [3] - A notable distinction of Super One is the optional large display screen at the front, referred to as the Super EAI F.A.C.E system, which allows for personalized vehicle expressions [3] Financial Aspects - Prior to the launch of FX Super One, FF announced a financing round that raised $105 million, intended for the production and development of Super One, among other expenses [7]

Group 1 - California regulators have stated that Tesla is not authorized to provide autonomous passenger services on public roads, despite CEO Elon Musk's hints at expansion plans for the robotaxi service [1] - The California Public Utilities Commission clarified that Tesla can only transport the public using non-autonomous vehicles, requiring a driver [1] - Tesla's notification to expand its services in the Bay Area was received by the commission, but it must comply with existing licensing restrictions [1] Group 2 - Reports indicate that the FX Super One model, similar to the Great Wall Motors' Haval 9, is authorized for collaboration with Wei Jianjun, with Great Wall being one of the four Chinese companies involved in the proposed Sino-American automotive bridge strategy [1] - Great Wall Motors has not yet provided an official response regarding the collaboration with Jia Yueting's FF Automotive [1] Group 3 - A new batch of intelligent connected vehicle demonstration operation licenses has been issued in Shanghai, with companies like Pony.ai and Baidu among the first to receive approval [1] - Pony.ai plans to collaborate with Jinjiang Group to gradually open autonomous driving services to the public in key areas of Pudong [1] - The total length of open testing roads in Shanghai has surpassed 2,700 kilometers, covering parts of the central urban area [1] Group 4 - A controversy arose when a NIO executive suggested reporting a false claim about a comparison between the Ideal i8 and the Ledo L90, which was later admitted to be fabricated [2][3] - The individual involved clarified that the intention behind the false statement was to "fish" for evidence of malicious online comparisons between the two vehicles [2][3]

Core Viewpoint - Faraday Future (FF) has faced allegations of plagiarism regarding its new FX Super One model, which is said to closely resemble the Great Wall Motors' Wei brand's Gaoshan 9. However, recent reports suggest that the FX Super One is actually an authorized model in collaboration with Great Wall Motors, which is part of FF's strategy to bridge the Chinese and American automotive industries [1][7]. Group 1: Company Developments - FF's first model, the FF 91, was launched at a high price of $300,000, but its unsustainable pricing has left the company's future uncertain [2]. - The FX Super One, launched on July 18, 2023, is expected to be priced under $80,000 (approximately 580,000 RMB) and aims to compete with the Cadillac Escalade [2]. - The FX Super One features a unique design with a full-screen front replacing the traditional grille, allowing for personalized expressions through an AI system [2][3]. Group 2: Financial Performance - As of Q1 2025, FF reported revenues of only $300,000, with a significant operating loss of $4.38 million, despite securing $24.6 million in financing [3]. - Following the announcement of the FX Super One, FF secured $105 million in funding to support the model's launch and accelerate product development [3]. Group 3: Strategic Partnerships - The collaboration with Great Wall Motors is seen as a strategic move for FF to leverage established technology and access the U.S. market, especially in light of increased tariffs on Chinese electric vehicles [7][8]. - Great Wall Motors aims to achieve overseas sales of 520,000 units by 2025, reflecting a year-on-year growth of 14.51%, but has only completed 40% of its target for the first half of the year [8].

Core Viewpoint - The automotive industry is undergoing a significant transformation driven by electrification and intelligence, leading to a wave of mergers and resource reorganization among companies to adapt to new market dynamics and technological trends [1][3][17]. Group 1: Industry Trends - The integration of automotive companies is a response to intense market competition, particularly in the rapidly expanding electric vehicle sector, where traditional manufacturers are accelerating their electrification efforts [3][5]. - The Chinese automotive market is experiencing a shift in concentration, with companies needing to consolidate resources to enhance competitiveness in a limited market space [3][5]. - Companies are focusing on increasing product scale and reducing costs through strategic mergers, such as Geely's integration of its Geometry brand into Geely Galaxy to avoid resource wastage [3][5]. Group 2: Strategic Moves by Companies - SAIC Group has consolidated five companies into a "large passenger vehicle sector" to improve resource concentration and reduce costs [5]. - NIO has integrated its brands into the main brand system to enhance cross-departmental collaboration and maintain an edge in the competitive high-end electric vehicle market [5]. - GAC Group has restructured its R&D system into three independent research institutes to optimize processes and improve response speed in a rapidly changing technological environment [7]. Group 3: Focus on Core Business - Many companies are returning to their core automotive business to enhance product quality and service levels, as seen with Dongfeng Motor's establishment of Yipai Automotive Technology Company to focus on its passenger vehicle segment [9][10]. - This strategic adjustment allows companies to concentrate on R&D, production, and sales, thereby creating a differentiated competitive advantage in the market [9][10]. Group 4: Impact of Integration - The integration of companies is reshaping the competitive landscape, leading to clearer brand positioning and resource allocation, which enhances technological innovation [10][15]. - Companies like Chery have established distinct business units to clarify brand positioning and create a complementary brand matrix [10][12]. - The consolidation of resources is crucial for optimizing market resource allocation, as seen with the integration of SAIC's software company and R&D institute to streamline innovation processes [15][17]. Group 5: Future Outlook - The ongoing integration will likely increase industry concentration, with companies possessing resource and technological advantages gaining a more favorable competitive position [17][18]. - The competition will evolve from product-centric to comprehensive industry chain competition, pushing companies to innovate and upgrade services, ultimately benefiting consumers with better products and services [17][18].

金融界2025年7月26日消息，国家知识产权局信息显示，长城汽车股份有限公司取得一项名为"基于发动 机润滑的液压举升系统及车辆"的专利，授权公告号CN223148142U，申请日期为2024年09月。 专利摘要显示，本申请提供一种基于发动机润滑的液压举升系统及车辆，包括：供液单元，包括泵体、 第一管路以及第二管路；泵体通过第一管路与发动机连通，被配置为对发动机进行润滑；增压单元，增 压单元通过第二管路与泵体连通，被配置为对泵体提供的流体介质进行加压；液压举升单元，液压举升 单元与增压单元连通，被配置为调节车身悬架的状态；本申请中的液压举升系统与发动机与同一供液单 元连通，既可以对发动机起到润滑作用，还能够利用增压单元增加流体介质的压力，以通过液压举升单 元对车身悬架的高度和姿态进行调控，有利于液压举升系统的设计复杂程度，实现轻量化设计，并降低 车辆的成本投入。 天眼查资料显示，长城汽车股份有限公司，成立于2001年，位于保定市，是一家以从事汽车制造业为主 的企业。企业注册资本848655.9123万人民币。通过天眼查大数据分析，长城汽车股份有限公司共对外 投资了75家企业，参与招投标项目2517次，财产线索方 ...

Core Insights - The Chinese automotive industry is experiencing a significant global expansion, with companies like Chery, BYD, and Great Wall Motors leading the charge in exports and establishing production facilities abroad [2][3][4]. Group 1: Export Performance - In the first half of 2025, China's automotive exports reached 3.083 million units, marking a year-on-year increase of 10.4% [2]. - Chery maintained its position as the top exporter with 548,000 units, accounting for 17.8% of total exports [4][6]. - BYD's exports surged by 130% to 470,000 units, making it the second-largest exporter [7][9]. - Great Wall Motors sold approximately 30,000 pickup trucks overseas, with a total overseas sales figure of 198,000 units [10][12]. - Geely's overseas exports reached 184,000 units, with a strong focus on electric vehicles [13][14]. - Xpeng Motors achieved overseas sales of about 19,000 units, expanding its presence in 46 countries [15][18]. - Leap Motor exported around 20,000 units, leveraging its partnership with Stellantis to enter the European market [19][21]. Group 2: Strategic Initiatives - Chery is pursuing a dual strategy of capital and production globalization, with plans for a Hong Kong IPO to fund further expansion [4][6]. - BYD is establishing a European headquarters and a new R&D center in Hungary to enhance its market presence [7][9]. - Great Wall Motors is focusing on its pickup truck segment, which has seen a 24.3% increase in overseas sales [10][12]. - Geely is expanding its production capabilities in key emerging markets like Egypt and Indonesia [14]. - Xpeng is prioritizing Southeast Asia and Europe for its global strategy, with plans to establish a local production facility in Indonesia [15][18]. - Leap Motor is implementing localized production in Malaysia to cater to the Southeast Asian market [19][21]. Group 3: Market Positioning - Chery's global strategy includes a multi-brand approach tailored to different market needs, with a strong presence in over 100 countries [4][6]. - BYD has outperformed Tesla in the European market for electric vehicles, particularly in Spain [7][9]. - Great Wall Motors is leveraging its historical strength in the pickup truck segment to establish a foothold in various international markets [10][12]. - Geely is focusing on high-end markets with its Zeekr brand, achieving significant sales in multiple countries [14]. - Xpeng is rapidly building a service network in Indonesia, aiming to cover 70% of core urban areas by the end of the year [15][18]. - Leap Motor's collaboration with Stellantis is facilitating its entry into high-potential markets, enhancing its brand recognition and distribution channels [19][21].

Core Viewpoint - The recent launches of the 2026 Haval Dog and Leapmotor B01 highlight the growing collaboration between automotive manufacturers and display technology providers, particularly in the integration of advanced display solutions in vehicles [1][5]. Group 1: Haval Dog - The 2026 Haval Dog offers three models with a price range of 123,900 to 149,900 yuan [2]. - It features a 14.6-inch floating central control screen and a 12.3-inch full LCD instrument panel, both supplied by Tianma Microelectronics, with a resolution of 1920*1080 for the central screen [3]. - The vehicle provides two powertrain options: a 1.5T engine with 184 horsepower and a 2.0T engine with 238 horsepower, the latter equipped with a sixth-generation intelligent four-wheel drive system [5]. Group 2: Leapmotor B01 - The Leapmotor B01 is available in six configurations, with CLTC range options of 430 km, 550 km, and 650 km, priced between 89,800 and 119,800 yuan [6]. - It includes an 8.8-inch full LCD instrument panel and a 14.6-inch 2.5K HD central control screen, also supplied by Tianma Microelectronics [7]. - The vehicle's motor power options are 132 kW and 160 kW, with torque ratings of 175 N·m and 240 N·m respectively [9].

Core Viewpoint - The launch of the HUAWEI MatePad Pro 12.2-inch tablet marks a significant advancement in tablet capabilities, enabling a desktop-like experience with the introduction of various HarmonyOS applications, addressing previous limitations in office and creative tasks [1] Group 1: Product Features - The HUAWEI MatePad Pro 12.2-inch tablet offers enhanced functionality for heavy office and professional design tasks, previously limited to personal computers [1] - The HarmonyOS version of WPS Office replicates desktop interface and document editing capabilities, including AI features for generating presentations and efficient cross-device communication [1] - The tablet supports advanced video editing with the introduction of the professional version of Jianying, allowing for complex editing functions such as curve speed adjustment and voice recognition [1] Group 2: Application Ecosystem - Several professional applications, including Wanjing Tushi, Haitai Browser, Sunflower Remote Control, Shimo Document, and desktop file management, have been integrated into the tablet [2]