Group 1 - The president of SAIC Motor Corporation, Jia Jianxu, attended the Hongmeng Intelligent Driving Autumn New Product Launch Conference [1] - Jia mentioned that Huawei's Executive Director and Chairman of Terminal BG, Yu Chengdong, has set several requirements for Shangjie, emphasizing that if they do not execute, they must ensure high quality in their offerings [1]

上汽集团（600104）总裁贾健旭现身鸿蒙智行秋季新品发布会，并用"GL8的舒适、桑塔纳的素质、华 为的智能、余承东的要求"总结尚界H5。 ...

Core Viewpoint - The B-class sedan market is experiencing a price war, with domestic brands aggressively competing against each other and joint venture brands, reshaping the market landscape [1][5]. Group 1: Market Dynamics - The launch of the Roewe M7 DMH at a price range of 85,800 to 102,800 yuan signifies a strategic move to penetrate the 100,000 yuan plug-in hybrid sedan market [1]. - The BYD Qin L and Galaxy A7 are key competitors in the B-class plug-in hybrid sedan market, with starting prices around 80,000 yuan [1][3]. - The B-class sedan segment is characterized by high capacity and profitability, previously dominated by joint venture brands, but now seeing a shift towards domestic brands [5]. Group 2: Sales and Pricing Strategies - The BYD Qin L is currently offered at a promotional price of 87,800 yuan after discounts, while the Galaxy A7 has a terminal price around 81,800 yuan [2][3]. - The Roewe M7 DMH has already received over 10,000 pre-orders in its first week of pre-sale, indicating strong market interest [3]. Group 3: Competitive Landscape - The competition among domestic brands is intensifying, with the BYD Qin L and Galaxy A7 consistently ranking among the top sellers in the plug-in hybrid segment [3][5]. - The Roewe M7 DMH aims to provide a premium experience at a competitive price, targeting consumers looking for high-value offerings [3][4]. Group 4: Industry Trends - The plug-in hybrid sedan market has seen significant growth, with sales increasing from 9,925 units in July 2022 to 124,000 units in July 2023, capturing 12.6% of the overall market [7]. - Despite recent sales growth, the plug-in hybrid segment is experiencing a slowdown, with a reported 8% year-on-year decline in August [7]. - The future outlook for plug-in hybrids remains positive, with expectations of continued growth and potential for increased market share compared to pure electric vehicles [8].

Core Insights - Huawei's Executive Director Yu Chengdong highlighted the significant market size for cars priced below 200,000 yuan, but also noted the substantial cost pressures involved [1] - The newly launched SUV model, the Shangjie H5, is priced starting at 159,800 yuan, making it the first model under 200,000 yuan featuring Huawei's HarmonyOS [3] Group 1 - The Shangjie H5 is available in both pure electric and range-extended versions, showcasing Huawei's commitment to diversifying its automotive offerings [3] - The vehicle is equipped with Huawei's advanced driving system, ADS 4, and includes three 4D millimeter-wave radars as standard across all models [3] Group 2 - SAIC Group's President Jia Jianxu emphasized the company's 70 years of automotive manufacturing experience and the integration advantages of the supply chain in launching this vehicle [3] - The company aims to achieve breakeven or profitability in the future, despite the initial expectation of incurring losses on each vehicle sold [1]

Group 1 - Huawei and SAIC have launched their first SUV model, the Shangjie H5, which is available in both pure electric and range-extended versions, starting at a price of 159,800 yuan [1] - The Shangjie H5 is the first model under the Hongmeng Intelligent Driving brand priced below 200,000 yuan, featuring the Huawei QianKun Intelligent Driving ADS 4 and standard equipment of three 4D millimeter-wave radars [1] - SAIC Group's President, Jia Jianxu, emphasized the company's 70 years of automotive manufacturing experience and the integration advantages of the industry chain to promote technological equality [1] Group 2 - Huawei's Executive Director and Chairman of the Terminal BG, Yu Chengdong, highlighted the significant market size of vehicles priced below 200,000 yuan, while also acknowledging the substantial cost pressures involved [1] - Yu Chengdong mentioned that the Shangjie H5 may incur losses on each unit sold initially, but there is an expectation to achieve breakeven as production capacity increases in the future [1]

"秋招避雷，上汽通用五菱！" 据多位名校管培生向《次世代车研所》栏目透露，今年上汽通用五菱在全国招聘了约800名毕业生作为 管理培训生（管培生），他们均来自于985、211等高校。 但刚上岗的他们发现工作量巨大——每天做着拧螺丝、打磨车身等基础工作，需从早8点干到晚8点，一 周工作六至七天，需干满6个月再定岗。 在行业专家看来，让管培生花费半年时间去"拧螺丝"，不仅可能影响汽车产品质量，还显得大材小用， 体现不出价值，最终导致人才流失。 名校管培生集体吐槽"被骗了" 《次世代车研所》栏目从知情人士获悉，位于广西柳州的上汽通用五菱今年校招加入近800名国内985、 211大学管培生，在招聘中向其宣传日常工作时间为955，即朝九晚五每周五天。 但实际入职后无论男女，都前往流水线进行"拧螺丝"等基础工作，每日工作从早八点到晚八点，每周工 作六天到七天，需要持续6个月，男女都一样。 还有当事人提到，"并不是全部都打螺丝，但都在流水线上干活"。 管培生们指出："最早校招时宣传就说工作是955，入职后领导最开始说两周吃苦锻炼，现在已经在产线 一个月了，没有听到任何轮岗、调离产线的消息，领导给大家画了6个月后分岗的大饼，有 ...

文|《次世代车研所》栏目 罗宁 "秋招避雷，上汽通用五菱！" 据多位名校管培生向《次世代车研所》栏目透露，今年上汽通用五菱在全国招聘了约800名毕业生作为 管理培训生（管培生），他们均来自于985、211等高校。但刚上岗的他们发现工作量巨大——每天做着 拧螺丝、打磨车身等基础工作，需从早8点干到晚8点，一周工作六至七天，需干满6个月再定岗。 对此，五菱官方回应《次世代车研所》栏目称，2025届管培生，一线锻炼时间调整为6个月，调整方案 在入职前已对管培生进行告知。而对于长时间高强度一线劳动中出现的情况，已在执行中调整为双人轮 岗，降低日均工作时长。 但该说法与管培生的说法存在差异。多名管培生称，在校招宣讲中，企业宣传的是955工作时长（早九 到晚五，一周5天），一线磨炼时间为1-3个月。 在行业专家看来，让管培生花费半年时间去"拧螺丝"，不仅可能影响汽车产品质量，还显得大材小用， 体现不出价值，最终导致人才流失。 名校管培生集体吐槽"被骗了" 《次世代车研所》栏目从知情人士获悉，位于广西柳州的上汽通用五菱今年校招加入近800名国内985、 211大学管培生，在招聘中向其宣传日常工作时间为955，即朝九晚五每周 ...

Market Overview - The Shanghai Composite Index rose by 0.83% on September 24, with 28 out of 31 sectors experiencing gains, led by the power equipment and electronics sectors, which increased by 2.88% and 2.76% respectively [1] - The automotive sector saw a modest increase of 0.36% [1] - The banking, coal, and telecommunications sectors were the biggest decliners, with decreases of 0.36%, 0.29%, and 0.01% respectively [1] Capital Flow Analysis - The net inflow of capital in the two markets was 19.725 billion yuan, with 14 sectors experiencing net inflows [1] - The electronics sector had the highest net inflow, totaling 13.046 billion yuan, while the computer sector followed with a net inflow of 5.021 billion yuan [1] - Conversely, 17 sectors experienced net outflows, with the automotive sector leading with a net outflow of 2.064 billion yuan, followed by telecommunications with 1.670 billion yuan [1] Automotive Sector Performance - Within the automotive sector, 278 stocks were tracked, with 170 stocks rising and 101 stocks declining [2] - Notably, 2 stocks hit the daily limit up, while 2 stocks hit the daily limit down [2] - The top three stocks with the highest net inflow were Wan Feng Ao Wei (499.82 million yuan), Hao Neng Co., Ltd. (327.41 million yuan), and Jianghuai Automobile (288.91 million yuan) [2] - The top three stocks with the highest net outflow were Shan Zi Gao Ke (-980.44 million yuan), BYD (-697.91 million yuan), and Wan Xiang Qian Chao (-379.36 million yuan) [3] Automotive Sector Capital Inflow and Outflow - The automotive sector's capital inflow list included stocks like Wan Feng Ao Wei (4.47% increase), Hao Neng Co., Ltd. (10.02% increase), and Jianghuai Automobile (2.38% increase) [2] - The capital outflow list featured stocks such as Shan Zi Gao Ke (-9.91% decrease), BYD (0.10% increase), and Wan Xiang Qian Chao (0.82% increase) [3]

Core Viewpoint - The B-segment sedan market in China is experiencing a significant price war, with domestic brands aggressively entering the market at previously unthinkable price points, such as 80,000 yuan [1] Group 1: Market Dynamics - The recent launch of the Roewe M7 DMH at a limited-time price of 85,800 to 102,800 yuan targets the 100,000 yuan plug-in hybrid sedan market [1] - Competitors like BYD's Qin L and Galaxy A7 are also focusing on the 80,000 yuan price range, indicating intense competition in this segment [1] - The B-segment market is characterized by large capacity and high profit margins, which have traditionally been dominated by joint venture brands [1] Group 2: Competitive Landscape - Joint venture brands are also introducing plug-in hybrid models in the B-segment, such as the Accord e:PHEV and Passat PHEV, which are priced around 200,000 yuan [1] - Monthly sales figures for these joint venture models remain in the hundreds, suggesting a potential shift in consumer preference towards domestic brands [1] - The high-end sedan market is witnessing a decline in Japanese and other joint venture brands, while domestic brands are rapidly gaining market share [1]

Market Overview - On September 22, the A-share market experienced a significant rally, with all three major indices rising and trading volume surpassing 2 trillion yuan, led by a 6% increase in the precious metals sector [1] - Over 2,100 stocks saw gains, with 73 stocks hitting the daily limit up, prompting investor optimism about a potential bull market [1] Stock Performance - Notable stocks with substantial price increases include: - Changying Precision (300115) at 37.72 yuan, up 20.01% - Yutu (301086) at 79.30 yuan, up 20.01% - Henghe Precision (300539) at 48.48 yuan, up 20.00% - Baiao Intelligent (300836) at 56.41 yuan, up 20.00% - Weichuang Electric (688698) at 86.51 yuan, up 14.10% [2] Institutional Investment Insights - The market saw significant institutional buying, with 12 stocks receiving net purchases exceeding 10 million yuan, led by Juchen Co. with a net buy of 359 million yuan [2][3] - The importance of understanding institutional behavior is emphasized, as it can provide insights into market trends beyond mere stock price movements [5][7] Investment Strategy - A principle of focusing on data-driven decisions rather than emotional reactions is highlighted, suggesting that stock price fluctuations are merely surface indicators [5][9] - The strategy includes three key approaches: 1. Avoiding distractions from short-term market trends 2. Not panicking due to price volatility 3. Not being swayed by high or low price perceptions [5][9] Sector Analysis - The electronic and mechanical equipment sectors are noted for their strong performance, with a significant number of stocks reaching historical highs [5][8] - Continuous monitoring of institutional buying patterns is recommended, as these can indicate future opportunities despite market volatility [7][8]