8月29日，北汽蓝谷盘中上涨2.06%，截至10:26，报8.90元/股，成交5.62亿元，换手率1.32%，总市值 496.04亿元。 北汽蓝谷所属申万行业为：汽车-乘用车-电动乘用车。所属概念板块包括：小红书概念、新能源车、汽 车零部件、中盘、一体化压铸等。 截至6月30日，北汽蓝谷股东户数27.14万，较上期减少0.18%；人均流通股17999股，较上期增加 0.18%。2025年1月-6月，北汽蓝谷实现营业收入95.17亿元，同比增长154.38%；归母净利润-23.08亿 元，同比增长10.24%。 机构持仓方面，截止2025年6月30日，北汽蓝谷十大流通股东中，香港中央结算有限公司位居第五大流 通股东，持股6771.38万股，相比上期增加359.56万股。信澳新能源精选混合A（012079）位居第六大流 通股东，持股4807.55万股，相比上期增加441.44万股。信澳星奕混合A（011188）位居第七大流通股 东，持股4083.07万股，相比上期增加1123.67万股。 责任编辑：小浪快报 资金流向方面，主力资金净流出184.37万元，特大单买入6018.19万元，占比10.71%，卖出3777 ...

证券之星消息，8月28日乘用车板块较上一交易日下跌0.28%，海马汽车领跌。当日上证指数报收于 3843.6，上涨1.14%。深证成指报收于12571.37，上涨2.25%。乘用车板块个股涨跌见下表： | 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 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601238 广汽集团 | | -1441.76万 | -4.85% | -474.37万 | -1.60% | 1916.13万 | 6.45% | | 601633 长城汽车 | | -1849.21万 | -2.68% | -4355.02万 | -6.32% | 6204.23万 | 9.01% | | 600104 上汽集团 | | -1852.64万 | -1.10% | -9845.36万 | -5.84% | 1.17亿 | 6.94% | | 000572 海马汽车 | | -4776.32万 | -11.59% | 3115.96万 | 7.56% ...

日前，北汽蓝谷发布的2025年半年度报告显示，上半年实现营业收入95.17亿元，同比增长154.38%；净亏损23.08亿元，上年同期 亏损25.71亿元。自2020年以来，累计亏损已超300亿元。 图源：财报截图 北汽蓝谷此前在业绩亏损公告中介绍，为应对新能源汽车行业激烈的竞争形势，北汽蓝谷持续强化产品布局，不断加大产品研发 投入力度，同时快速扩张销售渠道，影响公司短期业绩。另外，规模经济尚未充分体现，仍处于亏损阶段。 不过，北汽蓝谷表示，基于公司新产品陆续投放带动的销量增长及降本增效成果的显现，公司下半年毛利率有望得到改善。 图源：财报截图 财报还显示，北汽蓝谷2025年上半年研发费用为10.70亿元，同比增长62.94%。同期，公司销售费用达8.56亿元。另外，北汽蓝谷 在渠道方面正持续扩张，截至今年6月30日，享界门店超700家，极狐品牌累计运营一级门店数量370家。 值得注意的是，自2020年至今，北汽蓝谷累计亏损超过300亿元。其中，2020年至2024年，北汽蓝谷净利润分别亏损64.82亿元、 52.44亿元、54.65亿元、54.00亿元和69.48亿元。 据长江商报统计，2020年期末至20 ...

Q&A 近期北汽蓝谷的市场表现如何？未来展望如何？ 北汽蓝谷 20250825 摘要 享界 S9T 预售价格低于预期，起步价 329,800 元，正式售价或更低， 有望刺激销量增长，缓解此前纯电版 S9 因续航和定价问题导致的销量 不佳局面。 增程版 S9 的推出有效解决了里程焦虑，且价格低于纯电版 9 万元，加 之舆论压力减轻，销量开始回暖，显示出市场对增程版车型的认可。 F9T 在定价、动力形式和舆论环境方面均优于去年的 F9，预计销量将超 过 S9，有望成为北汽蓝谷新的增长点。 国内 30 万以上豪华轿车市场仍以 BBA 品牌为主导，但 SUV 市场的经验 表明，新兴新能源品牌有机会通过强大的产品力打破现有格局。 享界 S9 在 30 万以上高端新能源轿车领域销量领先，S9T 的推出有望进 一步提升销量，年底 S9 和 S9T 合计月销量或达 8,000 至 10,000 辆。 若享界 S9 和 S9T 今年达成销量目标，明年全年销量有望达到 15 万辆， 对应营收约 520 至 550 亿元人民币，享界品牌估值或超 700 亿元。 极狐品牌通过推出新款车型 T1，预售订单迅速突破 15,000 辆，预 ...

Core Viewpoint - The launch of the Extreme Fox T1, an A0-level pure electric SUV, aims to penetrate the competitive A0 electric vehicle market with a pre-sale price range of 68,800 to 93,800 yuan, while raising concerns about maintaining the brand's high-end positioning [1][2][3] Group 1: Product Launch and Market Strategy - The Extreme Fox T1 has received significant interest, with 11,000 orders placed within two hours of its pre-sale announcement [1] - The vehicle is part of a broader strategy to achieve record sales in the second half of the year and is positioned as a competitive entry into the A0 electric vehicle market, which accounted for 22% of the pure electric market in May 2023 [2] - The introduction of the "North Star Digital Intelligent Architecture" represents a significant investment by the company, aimed at enhancing vehicle safety and performance [2] Group 2: Competitive Landscape - The A0 electric vehicle market is highly competitive, with established players like Geely and BYD dominating sales, making it challenging for the Extreme Fox T1 to gain market share [2][3] - The T1's pricing strategy may attract consumers focused on cost-effectiveness, but it poses risks to the brand's previously established high-end image [3][4] Group 3: Brand Positioning Challenges - Extreme Fox has shifted its pricing strategy significantly, moving from high-end models priced around 300,000 yuan to the current entry-level T1, raising questions about how to maintain its premium brand identity [3][4] - The company faces the challenge of balancing the need for competitive pricing with the desire to uphold a high-end brand perception, which may complicate operational strategies [4][5]

8月22日，北汽极狐正式发布"北极星数字智能架构"，并开启极狐T1的预售。据介绍，新车共推出5款车型，预售价格区间为6.88万至9.38万元。 过去，A0级汽车是一种"差不多就行"的默契存在，而极狐T1则要挑战"A0级也有大格局"的越级享受新体验。极狐T1用"大容量、随心开、好精致"的三 重价值，重新定义了A0级纯电精品新标杆。 凭借与麦格纳多年的合作经验，极狐T1的底盘调校平稳扎实，过减速带不颠簸，高速变道不发飘，即便是新手驾驶也能感受到稳稳的安全感；181mm 离地间隙配合7种驾驶模式，无论是市区通勤还是郊野小路都能从容应对。续航能力上，极狐T1全系热泵空调搭配直冷直热技术，冷媒直接通入电池，有效 降低能耗；高铁同源八合一电驱系统，在减轻重量的同时提升功率密度，实现动力响应与能效双优，实现最高 425公里扎实续航，实测续航达成率最高达 124%。 更重要的是2 级组合驾驶辅助的加持：12 项主动安全功能时刻监测路况，前车刹停时及时预警，车道跑偏时轻轻回正；6 项巡航辅助则在高速或环路行 驶时稳定车速与车距，即便长途驾驶也不会手忙脚乱。搭载同级唯一的低速智能辅助转向系统，将转弯直径缩短30 厘米，长轴距车身 ...

8月25日，沪深两融数据显示，北汽蓝谷上周累计获融资净买入额1.85亿元，居两市第55位，上周融资 买入额13.91亿元，偿还额12.07亿元。 北汽蓝谷所属概念板块包括：汽车整车、北京板块、标准普尔、富时罗素、MSCI中国、沪股通、融资 融券、小米汽车、储能、换电概念、华为汽车、汽车芯片、固态电池、华为概念、百度概念、车联网 (车路云)、新能源车、无人驾驶、充电桩、央国企改革、燃料电池、成渝特区。 资金流方面，北汽蓝谷近5日主力资金流出2.96亿元，区间跌幅2.88%；近10日主力资金流出7.24亿元， 区间跌幅4.29%。 天眼查商业履历信息显示，北汽蓝谷新能源科技股份有限公司，成立于1992年，位于北京市，是一家以 从事汽车制造业为主的企业。企业注册资本557350.3169万人民币。公司法定代表人为张国富。 通过天眼查大数据分析，北汽蓝谷新能源科技股份有限公司共对外投资了6家企业，参与招投标项目167 次，专利信息11条，此外企业还拥有行政许可7个。 ...

Investment Rating - The report maintains a "Recommendation" rating for the automotive industry, indicating a positive outlook for the sector in the upcoming months [1]. Core Insights - The automotive industry is expected to gradually enter a seasonal peak as new car launches begin in the second half of the year, with price resilience observed against a backdrop of reduced competition [1]. - The market has absorbed much of the anticipated policy effects for next year, leading to significant gains in automotive stocks, suggesting a shift towards focusing on alpha stocks rather than beta stocks [2]. Data Tracking - In July, new energy vehicle deliveries showed significant growth for companies like Xiaopeng, which saw a year-on-year increase of 229.4%, while BYD's deliveries were 344,296 units, up 0.6% year-on-year but down 10% month-on-month [4][14]. - Traditional automakers also reported strong sales, with Geely's sales reaching 238,000 units, a 57.6% increase year-on-year [4][20]. - The average discount rate in early August was 10.1%, reflecting a slight increase from the previous period, with an average discount amount of 22,542 yuan [4]. Industry News - The report highlights several key developments, including the launch of the Mengshi M817, which features advanced driving technologies and a starting price of 319,900 yuan [27]. - A survey by the China Automobile Dealers Association indicated that 52.6% of automotive dealers reported losses in the first half of 2025, with independent new energy vehicle brands performing better than traditional fuel brands [27]. - The report also notes that NIO has invested over 18 billion yuan in charging and battery swap infrastructure over the past decade, with more than 8,100 stations built nationwide [28]. Market Performance - The automotive sector saw a weekly increase of 4.94%, ranking 6th among 29 sectors, with significant gains in both the parts and passenger vehicle segments [7].

Group 1 - The core point of the article is the launch of the new electric vehicle "Extreme Fox T1" by BAIC Blue Valley, which is positioned in the A0-level electric vehicle market with a pre-sale price range of 68,800 to 93,800 yuan [2] - The A0-level electric vehicle market is becoming a significant battleground in the new energy sector, with sales of this segment expected to reach 170,000 units by 2025, accounting for 22% of the pure electric market [2] - Extreme Fox T1 aims to differentiate itself with a competitive wheelbase of 2770mm and two battery range options of 320km and 425km, with the latter having a clear advantage over competitors [2] Group 2 - Extreme Fox has become a crucial sales pillar for BAIC Blue Valley, with cumulative sales of 55,500 units in the first half of the year, representing 82.59% of the company's total sales [3] - The company achieved a significant year-on-year sales increase of 139.73% in the first half of the year, with total sales reaching 67,200 units [3] - Despite the increase in sales and revenue, BAIC Blue Valley still faces profitability challenges, with a net loss of 2.33 billion yuan in the first half of the year [6] Group 3 - The company reported a revenue of 9.517 billion yuan in the first half of the year, a 154.38% increase compared to the same period last year [6] - The gross margin improved to -5.47%, up from -7.04% year-on-year, indicating a narrowing of losses [6] - The company has set ambitious sales targets, aiming for 3 million units by 2027, with over 50% being new energy vehicles [8] Group 4 - The company is focusing on five core initiatives to turn around its current situation, including marketing innovation, brand and user operation enhancement, quality improvement, diversified financing, and efficient organizational structure [8] - The dual-brand strategy of "Extreme Fox + Enjoy" is seen as a potential pathway for the company to enter a new growth cycle [9] - Analysts remain optimistic about BAIC Blue Valley's prospects, with some institutions giving positive ratings and price targets for the company's stock [9]

Core Viewpoint - The launch of the new model "Extreme Fox T1" by BAIC Blue Valley's Extreme Fox brand marks a significant entry into the A0-level pure electric vehicle market, with a competitive pricing strategy and differentiated features aimed at capturing market share [1][2]. Market Environment - The A0-level pure electric vehicle market is becoming a crucial battleground in the new energy sector, with projected sales of 170,000 units by 2025, accounting for 22% of the pure electric market [2]. - BYD and Geely dominate this segment, with BYD's Seagull achieving over 60,000 units in monthly sales [2]. Product Features - The Extreme Fox T1 is priced between 68,800 to 93,800 yuan, offering two CLTC pure electric range versions: 425 km and 320 km, with the longer range model having a competitive edge over rivals [1][2]. - The vehicle features a wheelbase of 2770 mm, providing spacious interior space, and high-end models include an L2-level intelligent driving assistance system, enhancing its competitiveness in the A0 segment [2]. Sales Performance - In the first half of the year, Extreme Fox achieved cumulative sales of 55,500 units, representing 82.59% of BAIC Blue Valley's total sales [4]. - BAIC Blue Valley's overall sales reached 67,200 units, a year-on-year increase of 139.73%, with revenue of 8.634 billion yuan, up 206.66% from the previous year [4]. Financial Performance - BAIC Blue Valley reported a revenue of 9.517 billion yuan in the first half of the year, a 154.38% increase year-on-year, but still faced a net loss of 2.33 billion yuan [6][8]. - The gross margin improved to -5.47%, and the net margin was -34.57%, indicating some operational improvements despite ongoing losses [8]. Strategic Initiatives - To address profitability challenges, BAIC Blue Valley has outlined five core initiatives, including marketing innovation, brand and user operation enhancement, quality improvement, diversified financing, and efficient organizational structure [11]. - The company aims to leverage its dual-brand strategy with Extreme Fox and Enjoy to drive sales growth and market competitiveness [12]. Market Outlook - The competitive landscape in the new energy vehicle market remains intense, with continuous price reductions impacting profitability [11]. - Analysts maintain an optimistic outlook for BAIC Blue Valley, with expectations for steady progress towards its sales targets and potential profitability by 2027 [12].