Group 1 - The passenger car sector experienced a decline of 0.81% on January 28, with Seres leading the drop [1] - The Shanghai Composite Index closed at 4151.24, up 0.27%, while the Shenzhen Component Index closed at 14342.9, up 0.09% [1] - BYD's stock price increased by 1.67% to 93.34, while several other major automakers like Great Wall Motors and SAIC Motor saw declines of 1.04% and 1.25% respectively [1] Group 2 - The passenger car sector saw a net outflow of 1.029 billion yuan from institutional investors, while retail investors contributed a net inflow of 762 million yuan [1] - Specific stocks like SAIC Motor and Great Wall Motors experienced significant net outflows from institutional investors, with amounts of -12.24 million yuan and -24.21 million yuan respectively [1] - In contrast, Haima Automobile and BYD saw net inflows from retail investors of 40.35 million yuan and 28.6 million yuan respectively [1]

中国经济网北京1月28日讯 赛力斯（港股代码09927.HK）港股收报97.25港元，跌幅1.419%，赛 力斯港股盘中最低至96.00港元，创港股上市以来新低。赛力斯港股上市累计跌幅26.05%。 赛力斯2025年11月5日在港交所上市，开盘即破发，报128.9港元。配发结果公告显示，赛力斯全 球发售的发售股份数目为108,619,000股H股（经计及发售量调整权获部分行使以及视乎超额配股权行 使与否而定），香港发售股份数目为10,861,900股H股，国际发售股份数目为97,757,100股H股（经计 及发售量调整权获部分行使以及视乎超额配股权行使与否而定）。 赛力斯的联席保荐人、整体协调人、联席全球协调人、联席账簿管理人及联席牵头经办人为中国国 际金融香港证券有限公司、中国银河国际证券（香港）有限公司，联席全球协调人、联席账簿管理人及 联席牵头经办人为华泰金融控股（香港）有限公司。 赛力斯的最终发售价为131.50港元，所得款项总额为14,283.40百万港元，扣除按最终发售价计算 的预计应付上市开支266.99百万港元，所得款项净额为14,016.41百万港元。 赛力斯的基石投资者为重庆产业母基金、林 ...

赛力斯智能安全行业首创以场景定义安全的理念，构建覆盖生命保护、车身防护、健康呵护、隐私守护 四大安全领域的智能安全体系，为用户提供全方位的安全守护。在智能制造方面，赛力斯建设了三座超 级工厂，其中赛力斯超级工厂（龙兴）拥有超3000台机器人的智能协同，实现关键工序的100%自动 化；工厂内率先应用了万吨级一体化压铸机，可将原本87个零件集成为1个零件，有效提升了生产效率 和产品质量。 其实面向"十五五"，赛力斯已经体现做好了相应的技术准备。作为一家技术科技型企业，赛力斯长期深 耕电动化与智能化核心技术领域，以技术创新培育新质生产力，打造了赛力斯魔方技术平台2.0、赛力 斯智能安全、赛力斯超级增程、赛力斯超级工厂等一系列技术创新成果，构建起强大"技术护城河"。 其中，赛力斯魔方技术平台2.0以全景智慧为引领，以智能安全为底座，对智慧能源、智能底盘、EEA 架构和智慧空间进行全新升级，是面向AI驱动的智慧电动汽车平台。全新一代赛力斯超级增程系统基 于"赛翼（C2E）增程架构"与"RoboREX智能控制技术"打造，具备"静谧无感、高集成、高效率"三大行 业领先优势，增程器一升油可发电3.65度，最高热效率达44.8 ...

Core Viewpoint - The title of "China's Automobile Capital" has shifted back to Chongqing in 2025, reflecting the city's strong automotive production capabilities and the rise of local manufacturers [8][19]. Group 1: Automotive Production Overview - In 2025, Chongqing's total automobile production reached 2.788 million units, a 9.7% increase year-on-year, with 1.296 million units being new energy vehicles (NEVs), marking a 36% growth [8]. - Other cities with significant production include Hefei with approximately 2.5 million units (NEVs: 1.38 million, 55.2% share), Guangzhou estimated at 2.1-2.15 million units (NEVs: 700-750 thousand, 33%-35% share), and Changchun at around 2.1 million units (NEVs: 588 thousand, 28% share) [10][11][12]. Group 2: Key Players and Developments - Chongqing's automotive landscape is dominated by Changan and Seres, both achieving significant milestones in 2025, including Changan's establishment of its first overseas NEV manufacturing base [20][21]. - The local automotive supply chain has expanded to include 19 vehicle manufacturers and 1,200 parts suppliers, with a local supply rate exceeding 45% [28]. Group 3: Government Policies and Strategic Plans - The Chongqing government has prioritized the automotive industry, implementing policies such as the "2022-2030 Intelligent Connected New Energy Vehicle Cluster Plan" to guide development [30]. - The "33618" plan aims to establish Chongqing as a national advanced manufacturing center, with a focus on NEVs as a key growth area [31]. Group 4: Competitive Landscape and Future Outlook - The competition among cities for automotive production is intensifying, with cities like Hefei emerging as a leader in NEVs, while traditional automotive hubs like Changchun face challenges in transitioning to new energy [36][55]. - The automotive industry is undergoing a dynamic restructuring, with ongoing developments indicating that the title of "China's Automobile Capital" may continue to evolve [58].

面对地缘政治与合规挑战，张正萍表示全球化绝不是简单地将国内模式复制到海外，而是要在市场差 异、文化差异与法规差异中，找到价值融合的最佳方案。 张正萍表示，中国新能源汽车产业在过去五年实现了"质"与"量"的双重跨越。国内市场渗透率从5%提 升至50%以上，2025年全球超过60%的新能源汽车销量来自中国。他强调，中国车企已在电池、电机、 电控等核心领域形成先发优势，当前产业竞争正从电动化向智能化与高端化转移。 "高端化与智能化已成为中国新能源汽车品牌的差异化优势，"张正萍表示，"赛力斯早在十年前就已布 局智能化研发，我们不仅聚焦技术落地，更关注用户体验。"5年前，赛力斯和华为共同推出问界品牌， 面对"智能车不豪华、豪华车不智能"的市场痛点，提出 "智慧重塑豪华" 的品牌理念，仅用46个月实现 百万辆下线，改变了中国豪华车市场格局。 目前，问界用户累计使用智能辅助驾驶里程已超50亿公里，节假日使用率占比达40%，其中问界M9稳 居50万元以上中国豪华市场销量榜首，充分印证了中国新能源汽车品牌在高端市场的竞争力。 推进 "深度本地化" 战略融入全球市场 第19届亚洲金融论坛1月26-27日在香港举行，本届论坛以"变 ...

Group 1 - The passenger car sector experienced a decline of 0.89% on January 27, with Seres leading the drop [1] - The Shanghai Composite Index closed at 4139.9, up 0.18%, while the Shenzhen Component Index closed at 14329.91, up 0.09% [1] - Notable stock performances included Beiqi Blue Valley, which rose by 4.59% to a closing price of 8.43, while BYD fell by 0.89% to 91.81 [1] Group 2 - The passenger car sector saw a net outflow of 8.12 billion yuan from main funds, while retail investors contributed a net inflow of 6.36 billion yuan [1] - Beiqi Blue Valley had a main fund net inflow of 220 million yuan, while Great Wall Motors experienced a net outflow of 320.82 thousand yuan [2] - BYD faced a significant main fund net outflow of 5.937 billion yuan, with retail investors contributing a net inflow of 4.33 billion yuan [2]

全新一代赛力斯超级增程系统，凭借全新的赛翼增程架构，配合RoboREX智能控制技术，颠覆性地改 变了增程器的工作方式，由被动工作转为主动智能能量管理，构建起静谧无感、高集成、高效率三大领 先优势。数据显示，该系统实现了综合油耗降低15%，增程器噪音感知频次下降90%，一升油可发电超 3.65度，最高热效率达44.8%，处于量产增程器领先水平，重新定义豪华新能源动力标杆。 近日，"2026问界汽车媒体试驾会" 在黑龙江五大连池问界汽车冬季试验场举行。面对全路况穿越与五 大严苛工况测试，问界车型以硬核品质从容应对低温启动、续航衰减、动力波动等冬季用车痛点，彰显 了赛力斯在增程技术领域的领先实力。 当前，增程式汽车市场虽然快速发展，但极寒环境下续航缩水、能耗飙升、启动困难、动力输出不稳等 问题仍困扰用户。而问界全系产品在-30℃冰雪极境的出色表现，正是赛力斯十年磨一剑、持续深耕增 程技术的厚积薄发之果。早在2016年赛力斯便投入增程技术研发与布局之中，并始终围绕用户核心需 求，持续突破增程技术边界。 此外，赛力斯已从"自研自用"迈向"技术输出"的行业引领者。目前，其增程器业务已与25家行业企业达 成合作，2025年 ...

早在十年前，赛力斯便前瞻性转型新能源汽车领域，开始高强度研发投入。2021年，赛力斯与华为跨界 合作，联合设计、联合营销，推出了高端智慧新能源汽车品牌问界。凭借卓越的产品力和市场表现，问 界迅速赢得了市场认可和用户喜爱，累计交付已突破100万辆。其中，问界M9表现尤为亮眼，自上市以 来累计交付突破27万辆，累计21个月稳居50万级销冠，打破了传统豪华品牌长期主导的市场格局。这一 成绩不仅证明了自主品牌的竞争势力，更为用户带来了情感与社会价值，也推动了中国汽车产业的高端 化突破。 近日，2026年世界经济论坛年会在瑞士达沃斯举行。本届年会以"对话精神"为主题，汇聚全球政商领袖 与行业精英，共同探讨全球产业变革新路径。赛力斯集团副总裁康波受邀出席，接受媒体专访分享了赛 力斯在智能化转型与可持续增长方面的实践与思考。 面对全球汽车产业深刻变革，康波指出，当前行业竞争焦点正从电动化全面转向智能化，智能化将成为 下一个前沿，这不仅关乎辅助驾驶，更涵盖智能座舱、智能安全等全场景体验。他强调，真正的智能化 不在于配置堆砌，而在于是否赢得用户真实、高频的信任与使用。这一观点得到了市场数据的强有力支 撑，杰兰路用户调研报告显示 ...

Group 1 - The passenger car sector experienced a decline of 1.75% on January 26, with Beiqi Blue Valley leading the drop [1] - The Shanghai Composite Index closed at 4132.61, down 0.09%, while the Shenzhen Component Index closed at 14316.64, down 0.85% [1] - Major companies in the passenger car sector saw varying declines in their stock prices, with BYD down 1.09% to 92.63, and Beiqi Blue Valley down 4.62% to 8.06 [1] Group 2 - The passenger car sector saw a net outflow of 1.451 billion yuan from main funds, while retail investors contributed a net inflow of 905 million yuan [1] - Specific companies like GAC Group and Great Wall Motors experienced significant net outflows from main funds, with GAC Group at -28.73 million yuan and Great Wall Motors at -46.11 million yuan [2] - BYD had a net outflow of 52.2 million yuan from main funds, while retail investors showed a net inflow of 55.37 million yuan [2]

赛力斯的最终发售价为131.50港元，所得款项总额为14,283.40百万港元，扣除按最终发售价计算 的预计应付上市开支266.99百万港元，所得款项净额为14,016.41百万港元。 赛力斯的基石投资者为重庆产业母基金、林园基金及华泰资本投资（与华泰背对背总回报掉期及林 园总回报掉期有关）、广发基金管理有限公司及广发国际资产管理有限公司（统称为"广发基金"）、 New China Asset Management、BESS Broadway、Sanhua (Hong Kong)、中升、Zhink International、Gold Wings、达安投资、Hichain Logistics HK、施罗德、Mirae Securities、New Alternative、中邮理财、Skyler International、星宇香港、中国美东、Ghisallo Fund、Jump Trading、 Jain Global Master Fund Ltd、China Alpha Fund。 其中，New China Asset Management由新华人寿保险股份有限公司（简称"新华保险"， 1336.HK，6 ...