证券之星消息，8月26日乘用车板块较上一交易日下跌0.2%，上汽集团领跌。当日上证指数报收于 3868.38，下跌0.39%。深证成指报收于12473.17，上涨0.26%。乘用车板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000572 | 出版中集 | - 4.87 | 4.28% | 130.62万 | 6.31亿 | | 601633 | 长城汽车 | 26.20 | 2.10% | 46.59万 | 12.12 Z | | 002594 | 比亚迪 | 113.75 | 1.92% | 69.29万 | 78.51亿 | | 000625 | 长安汽车 | 13.09 | -0.08% | 122.33万 | 16.01亿 | | 601127 | 赛力斯 | 134.57 | -0.96% | 29.77万 | 40.14亿 | | 601238 | 广汽集团 | 8.04 | -1.11% | 34.25万 | 2.76亿 | | 600733 | 北汽蓝谷 ...

修订后的《保障中小企业款项支付条例》（以下简称《条例》）实施两个月有余。其中明确规定， 大型企业应当自货物、工程、服务交付之日起60日内支付款项。《条例》发布之初，中国一汽、广汽集 团、北汽集团、蔚来、理想汽车、比亚迪、赛力斯集团等17家车企先后承诺，对供应商的账期不超过60 天。如今，首个60天周期已过，车企承诺落实情况却不尽如人意。 根据央视及工业和信息化部日前的通报，在17家车企中，中国一汽、广汽、赛力斯3家车企已率先实现 60天内支付。此外，东风、长安等央企，上汽、北汽等国企，吉利、长城等民营企业以及理想、小鹏等 新势力企业都在积极响应。 但从数据上看，17家车企中仅3家明确表态兑现"60天账期"承诺，与2个月之前振聋发聩的承诺声相比， 此时的兑现情况无疑略显单薄。但细窥之下，多数车企并未停留于口头承诺，均已将"60天账期"承诺落 实行动。其中，一汽组建了财务、供应链、法务跨部门专项工作组，并成立联合专项工作组；广汽则构 建了覆盖"订单下发—验收入库—对账结算—货款支付"全流程的管控体系；赛力斯则采用"厂中厂"模 式，并推行数字化管理。此外，小鹏也已与部分供应商完成补充协议的签署，"60天账期"承诺正 ...

上汽集团旗下五菱、名爵双品牌海外首家联名体验中心8月25日在印度尼西亚雅加达正式开业，由中资 入股的汽车销售企业智和诚阿拉丁国际运营。智和诚阿拉丁国际由来自上汽中国销售体系的四川智和诚 集团与印尼本地知名企业阿拉丁集团共同出资设立，五菱、名爵联名体验中心也是继2024年智和诚正式 登陆印尼汽车销售市场后设立的第二家门店。（新华社） ...

Core Insights - Huawei and SAIC have launched the Aito H5 SUV, with a starting price of 169,800 yuan, marking the first model under the Hongmeng Intelligent Driving platform priced below 200,000 yuan [1] - Huawei's executive Yu Chengdong highlighted the challenges of producing low-cost vehicles, stating that models priced below 300,000 yuan typically incur losses, with 290,000 yuan being the breakeven point [1] - The Aito H5 aims to address cost pressures while expanding the price coverage of the Hongmeng Intelligent Driving platform, which is crucial for increasing overall sales [2] Company and Industry Analysis - The Aito H5 is equipped with the HUAWEI ADS 4 advanced driver assistance system, targeting the 100,000-200,000 yuan price range, which is currently a key market segment for passenger vehicles [2] - Data from the Automotive Research Institute indicates that the installation of ADAS domain controllers in the 100,000-200,000 yuan segment is expected to exceed 525,000 units from January to April 2025, reflecting a year-on-year increase of over 2000% [2] - The competitive landscape among brands is intensifying, necessitating distinct pricing strategies to avoid internal competition and brand dilution [2] - According to a report from Founder Securities, the Aito series could achieve sales of 500,000 to 1,000,000 units, driven by the introduction of multiple models [2]

Core Viewpoint - The launch of the SAIC Maxus Star X True Passenger Version, priced between 195,800 to 235,800 yuan, aims to redefine the pickup truck market by offering a vehicle that is unrestricted for personal registration and urban access, thus appealing to a broader range of consumers [1][3]. Group 1: Vehicle Features - The Star X True Passenger Version is classified as a "6" series vehicle, allowing for personal registration without restrictions, and can be driven with a C1 driver's license. It is exempt from urban restrictions, enjoys a 6-year inspection exemption, and has no 15-year mandatory scrappage limit [3]. - The vehicle is powered by the SAIC πPlus 2.5T diesel engine paired with an 8AT transmission, delivering a peak power of 165 kW and a peak torque of 520 N·m. It accelerates from 0 to 60 km/h in 4.5 seconds and has a fuel consumption of 7.9 L per 100 km, meeting Euro 7 emission standards [3]. Group 2: Design and Market Position - The vehicle features a unique "Transformable Magic Cabin" design, with a base cargo volume of 1,200 L that can be expanded to 3,000 L, catering to diverse needs such as camping and outdoor activities [5]. - As the youngest pickup brand in China, SAIC Maxus has seen the fastest sales growth in the pickup segment, and its electric pickup T90 EV has successfully entered European and Australian markets, marking a significant milestone for Chinese electric pickups [5].

企查查APP显示，近日，无锡安吉尚奥汽车销售服务有限公司成立，法定代表人为杭海，注册资本1200万人民币，经营范围包括汽车零配件批发、新能源汽 车整车销售、机动车修理和维护等。企查查股权穿透显示，该公司由上汽集团（600104）旗下上海汽车工业销售有限公司全资持股。 | Para Ka 全国企业信用查询 | 无锡安吉尚奥汽车销售服务有限公司 | | × 省一下 | | --- | --- | --- | --- | | 基本信息 8 | 法律诉讼 | 经营风险 | 经营信息 | | 法定代表人 | 杭海 【益关联企业 3 | 登记状态 | 存续 | | | | 注册资本 | 1200万元 | | 组织机构代码 | MAEUP7GK-0 | 工商注册号 | 320205000697241 | | 企业类型 | 有限责任公司(非自然人投资或 控股的法人独资) | 营业期限 | 2025-08-22 至 无固; | | 人员规模 | | 参保人数 | | | 所属地区 | 江苏省无锡市锡山区 | 登记机关 | 无锡市锡山区数据局 | | 国标行业 | 零售业(F52) V | 英文名 | Wuxi Anji Sha ...

Core Viewpoint - Alibaba's subsidiary, Zhibo Zhixing, is preparing for an IPO despite significant losses, raising questions about its long-term viability and strategic direction [1][6][9] Group 1: Company Background - Zhibo Zhixing was established in 2015 as a joint venture between Alibaba and SAIC, benefiting from both technological and industrial resources [1] - The company has faced challenges due to its high dependency on a limited number of clients, particularly SAIC, which accounted for 54.7% of its revenue in 2022 [2][3] Group 2: Financial Performance - Over the past three and a half years, Zhibo Zhixing has accumulated losses exceeding 4.1 billion yuan, with annual losses consistently high [6][9] - The company's revenue has remained stagnant around 800 million yuan, while R&D expenses have significantly outpaced revenue, totaling over 3.2 billion yuan from 2022 to 2024 [7][9] Group 3: Market Position and Competition - Zhibo Zhixing's market share in the central control operating system segment has declined from 1.99% in 2021 to 0.95% in 2024, indicating increasing competition from rivals like Huawei [4][12] - The automotive industry is shifting towards in-house software development, posing a challenge for Zhibo Zhixing to attract new clients beyond its existing major partners [4][5] Group 4: Strategic Initiatives - The company is attempting to pivot towards AI with the launch of its new AI brand, "Yuan Shen AI," aiming to enhance its product offerings and market appeal [10][11] - Zhibo Zhixing has secured a significant partnership with BMW, marking a critical step in diversifying its client base and validating its AI technology [11] Group 5: Future Outlook - The transition to AI-driven services presents both opportunities and challenges, as the company seeks to shift from one-time sales to recurring revenue models [10][11] - The need for substantial ongoing investment in R&D raises concerns about the company's cash flow sustainability, especially as it aims to achieve profitability [8][9][12]

Group 1 - A new company named Wuxi Anji Shangao Automobile Sales Service Co., Ltd. has been established with a registered capital of 12 million yuan [1] - The legal representative of the new company is Hang Hai [1] - The business scope includes wholesale of auto parts, sales of new energy vehicles, and motor vehicle repair and maintenance [1] Group 2 - The company is wholly owned by Shanghai Automotive Industry Sales Co., Ltd., which is a subsidiary of SAIC Motor Corporation Limited [1]

Group 1 - The Guozheng Free Cash Flow Index decreased by 0.74% as of August 26, 2025, with mixed performance among constituent stocks, including a limit-up for Yaxiang Integration and declines for SAIC Motor, Anfu Technology, and Shanghai Electric [3] - The Free Cash Flow ETF (159201) fell by 0.70%, with a latest price of 1.13 yuan, but it has seen a cumulative increase of 4.21% over the past week, ranking first among comparable funds [3] - The Free Cash Flow ETF has experienced significant net inflows, totaling 436 million yuan over the past six days, indicating strong demand [3] Group 2 - As of August 25, the Free Cash Flow ETF's net value increased by 13.57% over the past six months, with a maximum monthly return of 3.62% since inception [4] - The ETF has a management fee of 0.15% and a custody fee of 0.05%, which are the lowest among comparable funds [4] - The Free Cash Flow ETF closely tracks the Guozheng Free Cash Flow Index, which reflects the price changes of listed companies with high and stable free cash flow levels [4] Group 3 - The top ten weighted stocks in the Guozheng Free Cash Flow Index account for 57.66% of the index, including SAIC Motor, China National Offshore Oil, Midea Group, and Gree Electric [4] - The performance of the top ten stocks shows a mix of gains and losses, with SAIC Motor declining by 5.26% and Midea Group increasing by 0.34% [6]

"华为系最便宜"新车正式官宣！ 成都车展前夕，上汽与华为鸿蒙智行合作的首款车型——尚界H5亮相。 在8月26日智界及问界秋季新品发布会上，尚界H5开启预售，预售价16.98万元起，将于 9 月 23 日在深 圳正式发布上市，并将在国庆期间开始交付。据官方消息，尚界H5上市1小时，小订已突破25000台。 搭载华为ADS 4的最便宜车型 华为常务董事、终端BG董事长余承东在现场介绍，尚界H5增程版车型CLTC综合续航1360km，纯电版 CLTC续航最高可以达到655km。 尚界H5是目前搭载华为ADS 4智能驾驶辅助系统的最便宜车型。根据官方透露的信息，尚界H5上市即 搭载华为ADS 4、鸿蒙座舱和与M9同款的192线激光雷达，在智能化技术的赋能下，尚界H5有具备全场 景泊车能力，实现有位就能停。 鸿蒙智行亟需一款能快速上量的车型 在这一进程中，上汽的制造与产业链整合能力正为其铺平通往主流市场的道路。"上汽垂直一体化产业 整合能力将带鸿蒙智行更快地进入主流市场。"上汽集团总裁贾健旭曾在2025未来汽车先行者大会公开 表示。 尚界H5可以视作这一战略的落地：华为提供智能技术和品牌赋能，上汽则贡献规模制造与供应链 ...