香港保监局行政总监张云正表示，这已是香港今年第二家获得授权开业的自保公司。截至目前，香港一 共有6家自保公司，分别为上汽集团自保公司、Wayfoong（Asia）Limited（汇丰集团的全资附属公 司）、上海电气保险有限公司、中广核保险有限公司、中石化保险有限公司，以及中海石油保险有限公 司。从设立自保公司的企业主体类型来看，6家公司中有5家为国有企业，1家为跨国企业。 记者从香港保险业监管局（以下简称"香港保监局"）了解到，近日，该局向由上海汽车集团股份有限公 司成立的专属自保保险公司——上海汽车集团保险有限公司（以下简称"上汽集团自保公司"）发出开业 授权。这意味着香港的自保公司增加至6家。 责任编辑：张文 对外经贸大学创新与风险管理研究中心副主任龙格对记者分析称，大型企业资产规模庞大、风险集中且 地域分散，设立自保公司可定制化覆盖传统保险公司难以承保的特定风险，如海外项目、巨灾风险等， 同时节省保费成本并提升现金流灵活性。 上述香港保监局相关负责人介绍，该局已制定策略，专注内地国有和私人企业，以及香港本地跨国集团 不断变化的风险管理需要。同时，该局正研究纳入额外专属自保保险公司的架构，以及扩大风险保障 ...

Group 1: Market Trends and New Models - The automotive market in Nanjing is accelerating the launch of new models in anticipation of the "golden September and silver October" sales period, with six new models introduced by the end of August, including electric vehicles and fuel light trucks [1][4] - The new MG4 electric hatchback, which features a "hand-car interconnection" system, received over 11,067 orders within 24 hours of its pre-sale launch [1][2] - The deep blue S07 iteration is set to debut in late August, following the success of its predecessor, which has sold over 220,000 units since its launch [8][9] Group 2: Investment and Production Capacity - The South Auto Jiangbei New District base has invested 3 billion yuan in the "E3 new energy platform" project, which aims to transition from traditional energy to new energy vehicles, with 70% of its production capacity dedicated to electric models [2][4] - Changan Mazda has invested nearly 200 million yuan in upgrading its production line for the EZ-60 model, which has received over 38,000 orders since its launch [3][4] Group 3: Strategic Developments - Changan Mazda's "double hundred" strategy aims to invest over 10 billion yuan in new energy-related businesses and achieve over 10 billion yuan in export revenue [3] - SAIC's Leap brand is focusing on a dual strategy of electric and diesel vehicles to meet diverse market needs, emphasizing the importance of diesel engines in specific logistics scenarios [6][7] Group 4: Industry Growth and Statistics - Nanjing's automotive manufacturing industry saw a 16.1% increase in value added in the first half of the year, with new energy vehicle production rising by 45% [4] - The emergence of micro-buses, such as the "Chuangwei Urban Elf," reflects the trend of "public transport turning small," addressing urban transportation challenges [9]

Group 1 - The Shanghai Intelligent Transportation Index (H50035) rose by 0.44% to 1892.42 points, with a trading volume of 17.419 billion yuan [1] - The index has increased by 8.14% over the past month, 10.83% over the past three months, and 12.35% year-to-date [1] - The index series reflects the performance of listed companies influenced by changes in economic and consumption structures during the urbanization process, focusing on themes such as intensive, intelligent, and green low-carbon development [1] Group 2 - The top ten weighted companies in the Shanghai Intelligent Transportation Index include SAIC Motor (10.39%), Hongfa Technology (9.56%), Aerospace Electronics (9.15%), and others [1] - The index is composed entirely of companies listed on the Shanghai Stock Exchange, with a 100% representation [1] - The industry composition of the index sample shows that industrial companies account for 31.00%, consumer discretionary for 29.43%, information technology for 28.24%, and communication services for 11.33% [2] Group 3 - The index sample is adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2] - Companies that are delisted or undergo mergers, acquisitions, or splits are handled according to specific calculation and maintenance guidelines [2]

上述香港保监局相关负责人介绍，该局已制定策略，专注内地国有和私人企业，以及香港本地跨国集团 不断变化的风险管理需要。同时，该局正研究纳入额外专属自保保险公司的架构，以及扩大风险保障范 围的可行性，从而增加香港的全球竞争力。 从内地自保公司来看，目前，共有4家保险公司，分别为中石油专属财产保险股份有限公司、中远海运 财产保险自保有限公司、广东能源财产保险自保有限公司，以及中国铁路财产保险自保有限公司。上述 自保公司的经营情况显示，大多公司保持着持续盈利状态，具有"小而美"的特征。2024年，上述4家公 司全部实现盈利。 龙格认为，自保公司经营业绩较好，主要得益于股东风险数据透明。未来，预计还有更多的大型国有企 业通过设立自保公司的方式创新风险管理方式。 香港保监局行政总监张云正表示，这已是香港今年第二家获得授权开业的自保公司。截至目前，香港一 共有6家自保公司，分别为上汽集团自保公司、Wayfoong(Asia)Limited(汇丰集团的全资附属公司)、上海 电气（601727）保险有限公司、中广核保险有限公司、中石化保险有限公司，以及中海石油保险有限公 司。从设立自保公司的企业主体类型来看，6家公司中有5家为 ...

Core Insights - Huawei and SAIC-GM Wuling's collaboration is set to introduce a new price segment in China's smart driving market, with a joint project expected to launch within the year [1] - This initiative likely adopts Huawei's HI model, indicating a deep cooperation rather than mere component supply, with a new SUV priced around 150,000 RMB featuring Huawei's advanced driving system [1][2] Group 1: Market Positioning - If successful, this will mark Huawei's first entry into the high-end driving capabilities below the 200,000 RMB price point, expanding its market reach [2] - SAIC's strategy involves a dual approach across different price segments, with the new brand "Shangjie" targeting the mid-to-high-end pure electric market priced between 150,000 to 200,000 RMB [2] - The collaboration aims to enhance Wuling's brand positioning, with Baojun already attempting to integrate advanced driving features into models priced around 100,000 RMB [2] Group 2: Technology and Supply Chain - The technology route relies on Zhuoyue Technology, which has transitioned from DJI's vehicle division, focusing on cost-effective high-end driving features [2][3] - The introduction of Huawei's ADS into Baojun's higher-end models may lead to more advanced features being available in lower-priced Wuling models, creating a layered supply chain [3] - Huawei's HI model not only provides software and hardware solutions but also engages deeply in system architecture and upgrades, appealing to cost-sensitive consumers seeking high specifications [3] Group 3: Competitive Landscape - The internal structure of SAIC's offerings allows for a division between high-end and low-end markets, optimizing cost and technology reuse within the group [3] - For Huawei, this represents a test of its cost and supply chain capabilities, as entering the 150,000 RMB segment poses challenges related to hardware costs and service systems [3][4] - The competitive landscape in China's smart driving market is evolving, with the ability to balance cost, experience, and scale at the 150,000 RMB price point becoming crucial for Tier 1 positioning [4]

| 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601127 | 赛力斯 | 4.49 Z | 15.01% | -2.28 Z | -7.60% | -2.22 Z | -7.41% | | 601633 长城汽车 | | 6211.98万 | 6.96% | -1400.61万 | -1.57% | -4811.37万 | -5.39% | | 002594 比亚迪 | | 4587.15万 | 1.39% | -8018.50万 | -2.43% | 3431.35万 | 1.04% | | 601238 广汽集团 | | -453.74万 | -2.31% | -431.67万 | -2.19% | 885.42万 | 4.50% | | 000572 海马汽车 | | -547.71万 | -3.08% | -469.52万 | -2.64% | 1017.23万 | 5.72% | | 600104 上 ...

一场由汽车碰撞视频引发的舆论风浪，随着三方和解暂时画上句号。 8月6日晚，《关于理想i8碰撞测试相关事件的联合声明》对外发布。声明中，理想汽车与中国汽研就此次碰撞测试给东风柳汽造成的负面影响致以歉意。同 时，三方共同发出倡议，呼吁行业严守自律底线，共塑良性竞合生态，聚焦核心技术创新，回归产品本质。 最终，在各方积极调解下，局势逐渐朝着缓和的方向发展。8月6日晚，《关于理想i8碰撞测试相关事件的联合声明》对外发布。理想汽车、中国汽研、东风 柳汽经充分沟通达成一致，以友好理性的方式握手言和。至此，这场由理想i8碰撞测试引发的舆论风波暂时落下帷幕。 碰撞视频成舆论焦点 这场事件的起因，源于7月29日晚理想i8上市发布会播放的一段碰撞视频。该视频本为展示新车被动安全性能，却因碰撞结果极具争议性，引发公众对涉事 卡车安全性的质疑，进而演变为全网关注的舆论事件。 视频中，理想i8与测试卡车以100公里／小时的相对速度正面碰撞。碰撞瞬间，卡车4轮离地弹起，驾驶舱因惯性向前翻转，与底盘发生明显分离；而反观理 想i8，除车头损毁外，车身其余部分基本完好，A柱几乎未出现变形。如此强烈的对比，瞬间点燃网友讨论热情。 理想汽车发布的 ...

Investment Rating - The report maintains a rating of "Buy" for SAIC Motor Corporation Limited (600104) [1] Core Insights - The report highlights the strengthening brand power of SAIC in overseas markets, particularly in Europe and Southeast Asia, with a focus on the transition to new energy vehicles [6][18] - The company has achieved significant export milestones, being the top Chinese automaker in exports for eight consecutive years, with cumulative sales exceeding 5.5 million vehicles [6][7] - The report emphasizes the importance of the company's three main growth drivers: independent brands, new energy vehicles, and overseas operations, which are expected to facilitate the transition from traditional to new business models [6] Financial Data and Profit Forecast - Total revenue projections for 2024, 2025, and 2026 are estimated at 627.59 billion, 700.95 billion, and 749.58 billion CNY respectively, with a year-on-year growth rate of 11.7% for 2025 [5] - The net profit attributable to shareholders is forecasted to be 1.67 billion, 10.49 billion, and 12.00 billion CNY for 2024, 2025, and 2026 respectively, reflecting a significant year-on-year growth of 529.2% in 2025 [5] - Earnings per share are projected to be 0.15, 0.91, and 1.04 CNY for 2024, 2025, and 2026 respectively, with a corresponding price-to-earnings ratio of 19, 17, and 15 [5] Overseas Market Performance - SAIC's monthly sales in overseas markets have fluctuated between 30,000 and 60,000 units, with Europe being the largest market, accounting for over 50% of total overseas sales [6][9] - The company has seen a rise in monthly sales of new energy vehicles in overseas markets, increasing from 8,520 units in January 2023 to a peak of 27,738 units in March 2025, with the proportion of new energy vehicles reaching around 45% [18][6] - In Europe, the MG 4, MG HS, and MG ZS SUV are the main sales models, with MG 4 previously achieving peak sales of 8,791 units in June 2024 [61][62] Market Share and Competitive Landscape - In the UK, SAIC maintains a market share of around 20%, while in Italy, the market share is on an upward trend [35][52] - The report notes that while SAIC's brand presence in Europe has been strong, there has been a gradual decline in market share since 2023 [28] - The competitive landscape includes notable rivals such as BYD and Ford, with the MG ZS SUV being a leading model in the hybrid small SUV segment [61][73]

8月5日，在MG发布"All in新能源"战略的1个月后，全新MG4开启预售，其中一个车型版本将配装 上汽自研、全球首发量产的半固态电池，并于9月公布价格，年内批量交付。 随着固态电池概念不断走热，半固态电池的应用也搭上"便车"。公开资料显示，除了刚刚发布的全新 MG4，岚图追光、蔚来ET9等都有计划推出采用半固态电池的车型版本。半固态电池新车陆续登场，不 仅为消费者提供了新的产品选择，也引发行业对半固态电池是否迎来装车元年的热烈讨论。 半固态电池装车正加速渗透 在预售发布会上，上汽MG品牌事业部总经理陈萃表示，全新MG4将配装上汽清陶的第2代半固态电 池。这一被称为"安芯版"的车型，在低温放电功率、低温能量保持率等指标上非常优异；安全方面，借 助半固态电解质等底层材料的技术突破，电池包在极为严苛的10针三向穿刺试验中依然不冒烟、不起 火，可从根源上杜绝自燃。 具体来看，这款70kWh半固态电池仅含5％的液体电解质，远超行业现有半固态电池占比10％～15％的 水平，能量密度达180Wh/kg，CLTC工况续驶里程达537公里，相比传统磷酸铁锂电池在-7°C低温下续 驶里程保持率提升13.8％。同时，由于该款半 ...

在新能源汽车市场竞争白热化的当下，10万元级纯电家轿领域向来是各大品牌的必争之地。消费者 既渴望车型拥有出色的续驶能力，又对智能化配置和驾控体验有着越来越高的要求。而埃安RT作为该 价格区间的热门选手，凭借吸睛的外观、丰富的配置、超长的续驶里程以及宁德时代的电池吸引了众多 目光。在《中国汽车报》第十八届年度消费车型试驾活动中，记者对埃安RT进行了深度体验。 外观设计方面，埃安RT拥有超高的颜值，整车采用轿跑式车身比例，4865mm车长搭配2775mm轴距， 营造出舒展的视觉张力。前脸封闭式格栅通过星芒式镀铬饰条勾勒出未来感，两侧多边形熏黑大灯组内 置犀利的LED日行灯，配合下方梯形散热口装饰，形成"鲨鱼鼻"般的攻击性姿态。车身侧面腰线从A柱 延伸至车尾流畅无拐点，配合隐藏式门把手和低风阻轮毂，将风阻系数优化至0.208Cd。车尾并未采用 时下流行的贯穿式尾灯设计，而是采用分体式设计，两侧尾灯造型修长且扁平，内部光源精致，点亮后 呈现出独特的视觉效果，赋予车辆宽阔的横向视觉感，中间镶嵌的"AION"车标犹如点睛之笔。后保险 杠采用双层设计，搭配反光条装饰，营造出稳重且富有层次感的视觉效果。 进入车内，埃安RT的 ...