胡晓东透露，此次合作将率先落地代客洗车场景：未来车主无需亲自驾车前往门店，车辆可自主行驶至 服务点完成清洗并返回车位，实现全程无感化服务。这一创新模式展现了汽车服务智能化的未来形态。 据悉，途虎养车此前已通过线上预约、智能排期等举措夯实服务基础。本次合作将借助自动驾驶技术成 熟契机，进一步打通智能服务链路，推动汽车服务向"省心、省时、省力"的"无感养车"体验升级。 智通财经APP获悉，2025年11月20日，华为乾崑智能汽车解决方案在广州举办"乾崑生态 共赴热爱"主题 生态大会，华为智能汽车解决方案BU CEO靳玉志宣布智驾技术多城开启高速L3内测、鸿蒙座舱迈 入"智能座舱L3"时代、华为乾崑APP正式发布，并携生态伙伴共建"10分钟乾崑智驾生活圈"。 途虎养车(09690)将与乾崑智驾达成深度合作。途虎养车总裁胡晓东在发布会现场表示，公司正与乾崑 智驾共同打造智能汽车服务网络。根据合作规划，途虎养车的门店系统将与乾崑智驾的自动驾驶云实现 深度数据互通，构建"车端—云端—门店端"实时协同体系。 ...

途虎养车(09690)将与乾崑智驾达成深度合作。途虎养车总裁胡晓东在发布会现场表示，公司正与乾崑 智驾共同打造智能汽车服务网络。根据合作规划，途虎养车的门店系统将与乾崑智驾的自动驾驶云实现 深度数据互通，构建"车端—云端—门店端"实时协同体系。 2025年11月20日，华为乾崑智能汽车解决方案在广州举办"乾崑生态共赴热爱"主题生态大会，华为智能 汽车解决方案BU CEO靳玉志宣布智驾技术多城开启高速L3内测、鸿蒙座舱迈入"智能座舱L3"时代、华 为乾崑APP正式发布，并携生态伙伴共建"10分钟乾崑智驾生活圈"。 胡晓东透露，此次合作将率先落地代客洗车场景：未来车主无需亲自驾车前往门店，车辆可自主行驶至 服务点完成清洗并返回车位，实现全程无感化服务。这一创新模式展现了汽车服务智能化的未来形态。 据悉，途虎养车此前已通过线上预约、智能排期等举措夯实服务基础。本次合作将借助自动驾驶技术成 熟契机，进一步打通智能服务链路，推动汽车服务向"省心、省时、省力"的"无感养车"体验升级。 ...

据悉，途虎养车此前已通过线上预约、智能排期、优化门店布局等举措积累服务基础。此次合作借助自 动驾驶技术成熟契机，将进一步打通智能服务链路，让汽车服务智能化体验从愿景逐步走向现实。 智通财经APP获悉，11月21日，2025广州国际汽车展览会在广交会展馆启幕，途虎养车(09690)总裁胡晓 东在发布会上表示，公司正在与乾崑智驾深度合作，共同打造智能汽车服务网络。途虎养车的门店系统 将与乾崑智驾的自动驾驶云进行深度的数据互通，实现"车端—云端—门店端"的实时协同。 胡晓东表示，将来，车主不需要把车开到洗车店，而是让车自己前往，洗好后自己开回车位。用户可以 全程无感。这是代客洗车带来的全新体验，更是汽车服务智能时代的雏形。双方合作将推动行业向 "省 心、省时、省力" 的无感体验升级。 ...

胡晓东表示，将来，车主不需要把车开到洗车店，而是让车自己前往，洗好后自己开回车位。用户可以 全程无感。这是代客洗车带来的全新体验，更是汽车服务智能时代的雏形。双方合作将推动行业向"省 心、省时、省力"的无感体验升级。 11月21日，2025广州国际汽车展览会在广交会展馆启幕，途虎养车(09690)总裁胡晓东在发布会上表 示，公司正在与乾崑智驾深度合作，共同打造智能汽车服务网络。途虎养车的门店系统将与乾崑智驾的 自动驾驶云进行深度的数据互通，实现"车端—云端—门店端"的实时协同。 据悉，途虎养车此前已通过线上预约、智能排期、优化门店布局等举措积累服务基础。此次合作借助自 动驾驶技术成熟契机，将进一步打通智能服务链路，让汽车服务智能化体验从愿景逐步走向现实。 ...

Core Insights - During the "Double 11" shopping festival, Tuhu Car Service reported significant sales growth across various product categories, including tires, engine oil, batteries, and accessory belts [1] Sales Performance - Tire sales reached a peak of over 500,000 units in a single day [1] - The number of users purchasing new energy vehicle batteries increased by 137% year-on-year [1] - Sales of domestic brand batteries saw a 97% year-on-year increase in user transactions [1] - Accessory belt transactions experienced a remarkable growth of 191% [1] Store Expansion - Tuhu Car Service opened new workshop stores, with user numbers increasing by over 700% compared to the previous period during "Double 11" [1] - The company expanded its store presence in major cities, achieving a "single city with 100 stores" strategy in 20 cities, including Shanghai, Beijing, Guangzhou, Wuhan, Chengdu, Suzhou, Shenzhen, Chongqing, and Hangzhou [1] - Specific store counts include over 400 in Shanghai, over 300 in Beijing, and over 200 in Guangzhou, Wuhan, Chengdu, and Suzhou [1]

Core Insights - The consumption willingness of car owners in China continues to strengthen during the 2025 Double 11 shopping festival, leading to robust market performance in the automotive aftermarket [1] - Tuhu Car Maintenance reported record-breaking performance during Double 11, achieving new highs in order volume and store revenue, significantly outperforming the industry [1] Group 1: Sales Performance - Tuhu Car Maintenance experienced explosive growth across all product categories, with significant increases in sales of major tire brands, engine oils, batteries, and accessory belts [1] - During the initial sales period, tire sales increased by 170% year-on-year, international brand engine oil sales rose by 140%, domestic brand engine oil sales surged by 210%, and sales of new energy vehicle maintenance products grew by 120% [1] - The highest single-day tire sales reached over 500,000 units, with the number of users trading new energy vehicle batteries increasing by 137% year-on-year and domestic battery trading users rising by 97% [1] Group 2: Store Operations and Expansion - Tuhu Car Maintenance's new workshop stores saw user numbers increase by over 700% during Double 11, achieving profitability from the outset [2] - The company has expanded its store network significantly, with over 100 stores in 20 major cities, including Shanghai, Beijing, and Guangzhou, among others [2] - Tuhu Car Maintenance has established itself as the preferred brand for car maintenance among vehicle owners and as a top choice for automotive service franchises due to its high-quality products and reliable services [2]

2025年11月7日，途虎养车参加由车百会研究院与华为技术有限公司联合主办的"第一届自动驾驶出行生 态论坛"。论坛上，产业相关各方的与会代表围绕"完善自动驾驶出行生态，加速自动驾驶规模应用"的 主题，共同探讨了自动驾驶出行生态的建设路径与未来趋势。途虎养车总裁胡晓东发表主题演讲，就自 动驾驶时代汽车后市场的服务升级与价值跃迁，阐述了途虎的前瞻性业务布局与服务创新路径。 用户体验是驱动服务升级的核心动力，今天的车主，特别是新能源与智能汽车用户希望享受更为"省 心、省时、省力"的服务体验，自动驾驶技术的逐步成熟，将促进汽车服务的升级与变革。途虎养车作 为中国最大的独立汽车服务平台之一，已在全国布局超过7200家工场店，覆盖1.5亿注册用户，构建起 覆盖供应链、门店管理、工单执行与客户交互的全链路数字化体系，为迎接自动驾驶时代的服务变革奠 定了坚实基础。 在自动驾驶技术推动下，汽车后市场将迎来"价值跃迁"。以途虎养车和华为正在探索的自动驾驶版"代 客洗车"为例，未来车主将无需亲自送车、车辆可自主完成服务履约的智能场景：用户通过车机或手机 APP下单，系统自动匹配最近的途虎养车工场店，车辆在设定时间自动驾驶至门店完成 ...

Core Viewpoint - Huawei and Tuhu are collaborating to explore a "no-sense car maintenance" model, which includes autonomous vehicles going to service stations and fully automated car washing, enhancing the user experience by not occupying the owner's time [1] Group 1 - Tuhu's co-founder and president, Hu Xiaodong, emphasized that this initiative represents a version of valet car washing through autonomous driving, marking a significant innovation in automotive services [1] - The project is seen as a foundational step towards more complex car maintenance services in the future, indicating a shift towards an intelligent automotive service era [1] - The concept aims to provide a seamless experience for users, where vehicles can autonomously leave and return home without the owner's involvement [1]

Core Viewpoint - The event organized by the Anhui Consumer Rights Protection Committee and Tuhu Car Service aims to enhance consumer education and trust in the automotive maintenance industry through immersive experiences and informative lectures [1][3]. Group 1: Company Overview - Tuhu Car Service is a leading automotive service platform in China, focusing on user-centric approaches, standardized service processes, and a transparent supply chain [1][3]. - The company operates over 7,200 service centers nationwide and has registered over 150 million users, with a user satisfaction rate exceeding 95% [1]. Group 2: Service and Quality Assurance - Tuhu Car Service employs a unique "Tuhu Eight Steps" standardized service process that ensures consistency in technical operations, service flow, and pricing across all locations [3]. - The company has established a digital traceability system for genuine products through a "one code for one item" platform, ensuring product authenticity from factory to user [3]. Group 3: Consumer Rights Protection - Tuhu Car Service has implemented a multi-dimensional protection mechanism, including "gold medal warranty" and "advance compensation," to alleviate consumer concerns regarding after-sales service [3]. - The company aims to create a positive cycle of "consumption-evaluation-improvement-re-consumption" to continuously enhance service quality [3]. Group 4: Industry Impact and Future Directions - The collaboration between the Anhui Consumer Rights Protection Committee and Tuhu Car Service has established a trust bridge between consumers and quality enterprises, contributing to the high-quality development of the automotive aftermarket [5]. - Tuhu Car Service plans to leverage its technological and service network advantages to further educate consumers about automotive maintenance, fostering a positive consumption environment [5].

Investment Rating - The report suggests a focus on cloud vendors and companies with exceeding expectations in the current market environment [3]. Core Insights - The report highlights a divergence in market performance, with consumer companies facing pressure while AI technology companies continue to show mixed results. Concerns about AI valuation bubbles persist, but leading tech companies like Microsoft, Google, and Meta maintain strong cash flows, suggesting a stable outlook for cloud vendors [3]. - The gaming demand remains robust, although there is a short-term lack of new game releases. Attention is drawn to the progress of key game tests and launches, which could drive revenue growth for related companies [3]. - The report emphasizes the importance of monitoring quarterly reports from major Chinese companies like Tencent, JD, Baidu, and Alibaba, as well as the ongoing value in sectors like PDD and the gaming industry [3]. Summary by Sections 1.1 Consumer & Internet - **Education**: The education index fell by 3.59%, with notable performance differences among companies. The implementation of a spring and autumn break system in Sichuan is expected to impact the sector positively [11][18]. - **Luxury & Gaming**: The luxury goods and gaming sectors are closely tied to macroeconomic conditions. Recent Q3 earnings from major gaming companies exceeded expectations, benefiting from a longer holiday schedule in 2026 [19][24]. - **Coffee & Tea**: The coffee sector remains vibrant, while the tea sector faces challenges due to reduced delivery platform subsidies and seasonal competition [3][27]. - **E-commerce**: The e-commerce sector is under pressure, with a lackluster performance during the Double Eleven shopping festival [3][35]. 1.2 Platform & Technology - **Streaming Platforms**: The streaming sector is driven by domestic demand, with platforms like Spotify reporting better-than-expected earnings [3][42]. - **Virtual Assets & Internet Brokers**: The cryptocurrency market is experiencing volatility, with a significant drop in global market value. However, there are potential buying opportunities following recent corrections [3][43]. - **Automotive Services**: The automotive aftermarket is projected to decline, with a year-over-year decrease of 4% expected by October 2025 [3][61]. 1.3 Media - The media sector is experiencing mixed performance, with streaming services facing challenges but also opportunities for growth through strategic partnerships and content offerings [3][41].