证券之星消息，9月24日乘用车板块较上一交易日下跌2.47%，上汽集团领跌。当日上证指数报收于 3853.64，上涨0.83%。深证成指报收于13356.14，上涨1.8%。乘用车板块个股涨跌见下表： 从资金流向上来看，当日乘用车板块主力资金净流出9.27亿元，游资资金净流入2.67亿元，散户资金净流 入6.6亿元。乘用车板块个股资金流向见下表： | 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) | | 散户净点比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601127 | 赛力斯 | 6873.26万 | 1.38% | -7316.25万 | -1.47% | 442.99万 | 0.09% | | 601238 广汽集团 | | 1853.07万 | 7.62% | 678.23万 | 2.79% | -2531.30万 | -10.41% | | 601633 长城汽车 | | -207.19万 | -0.71% | 11.97万 | 0.04% | 195.22万 | ...

Core Insights - The establishment of Huawei's HarmonyOS and the independent operation of its automotive business unit as "Shenzhen Yiwang Intelligent Technology Co., Ltd." is leading to an increase in new vehicles utilizing QianKun intelligent driving and Harmony cockpit technology [1][12] - GAC Trumpchi's new model, the Xiangwang S9 QianKun, is positioned as a mid-to-large SUV, featuring advanced driving assistance and smart cockpit systems, with a price range of 229,900 to 259,900 yuan [1][2] Vehicle Specifications - The Xiangwang S9 QianKun is equipped with Huawei's QianKun ADS 4 Max, which includes 192-line lidar and three 4D millimeter-wave radars, totaling 29 perception units [2] - The vehicle supports urban commuting with features such as point-to-point autonomous driving, automatic toll booth navigation, and advanced collision avoidance systems [2][4] Safety and Performance - The vehicle's safety features include a front crash beam made of aerospace-grade aluminum alloy and a passenger cabin constructed entirely from high-strength steel, exceeding national safety standards [4] - It utilizes a range-extended powertrain with a 44.5 kWh battery, offering a pure electric range of 252 km and a total range exceeding 1200 km [4] Design and Comfort - The exterior design follows GAC's third-generation design language, featuring AI light curtain tail lights with multiple customizable light patterns [6] - The interior includes North American black walnut trim, HarmonyOS 5 smart cockpit, and various comfort features such as multi-point massage seats and rear entertainment systems [7][9] Industry Context - The integration of Huawei's technology in vehicles from various manufacturers, including GAC, Dongfeng, Changan, BYD, and Audi, is significantly enhancing the smart capabilities of these vehicles [12] - The collaboration between technology companies like Huawei and traditional automakers is driving the transition of China's automotive industry towards greater intelligence and innovation [12]

Core Insights - GAC Group's brand, Trumpchi, officially launched the Xiangwang S9 Qiankun on September 19, with a starting price of 229,900 yuan and offering both five-seat and six-seat versions [1] - The new model comes with six major launch packages, with a total value exceeding 40,000 yuan [1] Group 1: Competitive Advantages - The core competitive strengths of the Xiangwang S9 Qiankun include three standard features: Huawei's Qiankun Intelligent Driving ADS 4 Max, CATL's 44.5-degree Xiaoyao Super Hybrid Battery, and GAC's Super Intelligent Electric Four-Wheel Drive [3] - The Huawei ADS 4 Max features 192-line laser radar and 29 perception units, enabling seamless assisted driving from parking space to parking space, covering urban commuting, complex road conditions, and extreme scenario avoidance [3] Group 2: Battery and Performance - The CATL 44.5-degree Xiaoyao Super Hybrid Battery includes 10 layers of safety protection, with a CLTC pure electric range of 252 kilometers and a comprehensive range exceeding 1,200 kilometers, while also supporting 92-octane gasoline [5] - GAC's Super Intelligent Electric Four-Wheel Drive, combined with an intelligent preview system and continuously variable damping shock absorbers, provides a smooth chassis feel suitable for various terrains, including off-road and snowy conditions [5] Group 3: Design and Comfort Features - The vehicle is defined as a "mobile first-class cabin," featuring GAC's third-generation design language, with AI light curtain tail lights supporting 8+N types of smart light communication [7] - The interior is crafted with North American black walnut wood and ultra-soft leather, equipped with the HarmonySpace 5 smart cockpit, enabling six-screen collaboration and smart home integration [7] - Additional comfort features include a 720-degree soundproofing package, mother-baby level VOC control, front passenger 18-point SPA-level massage, a 17.3-inch ultra-clear entertainment screen for the second row, and adjustable seats with angles of 137 and 148 degrees, enhancing family travel experience [7] Group 4: Quality Assurance - The company relies on a "three-in-one" wind tunnel laboratory and extreme testing conditions, investing over 1,000 test vehicles and accumulating 13 million kilometers of verification mileage to ensure reliability [7]

（文章来源：第一财经） 9月23日，广汽丰田在2026款全球车发布会上公布与华为合作新进展。据悉，广汽丰田2026款全球车型 均已搭载华为HiCar 5.0。广汽丰田与华为终端已合作4年，双方合作的第一代8款车型已于2023年正式交 付，并在2024 年进入量产高峰期，目前华为语音已在广汽丰田全系油车上实现搭载。 ...

Group 1 - The core viewpoint of the article highlights the collaboration between GAC and Huawei, introducing the cloud-based car machine, which is the first of its kind driven by "cloud computing power" [1][3] - The cloud car machine will be launched on the GAC Aion UT model, marking a significant breakthrough in GAC's smart cockpit ecosystem capabilities [1][3] - The cloud car machine will be rolled out through OTA updates starting at the end of September, allowing both new and existing car owners to benefit from the application ecosystem [1] Group 2 - The cloud car machine moves computing power, applications, and updates to the cloud, enabling a "flagship-level" user experience with over 20,000 applications available for immediate use [3] - The Aion UT model targets young users aged 25-35, who are accustomed to the freedom of mobile app installation and quick updates, thus meeting their high digital experience expectations [3] - The collaboration between GAC and Huawei represents a new paradigm of cooperation, evolving from "supply chain collaboration" to "ecosystem co-construction" [3] Group 3 - The cloud car machine is centered around a vehicle-cloud platform that opens up an ecosystem for diverse services, allowing third parties to connect and achieve cross-device interaction [3] - GAC aims to transition from merely selling hardware to creating ongoing ecological value through owner services, peripheral devices, and content memberships, thus achieving a full lifecycle connection with users [3]

Core Viewpoint - The collaboration between Huawei and traditional automotive companies is evolving towards a "new cooperation model" that emphasizes deeper integration and shared responsibilities in product development and marketing, moving beyond simple technical integration [1][3][4]. Summary by Categories Collaboration Models - Huawei's partnerships with automotive companies include three main models: component supply, HUAWEI INSIDE (HI) model, and the Smart Selection Car model (Harmony Smart Travel) [1][2]. - The HI model involves Huawei's Car BU collaborating with 11 automotive companies to provide comprehensive solutions for smart cockpits and driving [1][2]. - The Smart Selection Car model allows Huawei to have significant control over product definition and terminal sales, with five models already developed [1][2]. New Cooperation Model - The new cooperation model is characterized by a deeper collaboration than the HI model but less than the Smart Selection Car model, covering the entire product lifecycle from design to marketing [1][4]. - This model includes joint teams and shared resources, with a focus on integrating Huawei's processes and methodologies into the automotive companies' existing frameworks [4][5]. Strategic Shifts - Traditional automotive companies are shifting their focus from the "soul theory" of technology dominance to a more balanced partnership with Huawei, recognizing the importance of their own manufacturing capabilities [3][5]. - Companies like Dongfeng and GAC are prioritizing their collaborations with Huawei, viewing it as essential for their strategic transformation [3][5]. Market Dynamics - The competition in the automotive market is intensifying as more models equipped with Huawei's technology are introduced, prompting companies to seek differentiation through unique product features and designs [5][6]. - The delivery volumes of Huawei's Harmony Smart Travel have shown a decline, indicating the need for enhanced competitiveness in the market [6].

Group 1 - Dongfeng Motor's chairman Yang Qing visited Huawei's founder Ren Zhengfei to discuss deepening cooperation in the automotive sector, emphasizing the importance of vehicle safety [2][3] - The meeting included discussions on the competitive landscape of the automotive industry and innovation in corporate mechanisms, with a focus on transitioning to new energy and intelligent vehicles [3] - Dongfeng Motor has a history of collaboration with Huawei, having signed a strategic cooperation agreement in 2018 and a comprehensive deepening agreement in 2025 [4] Group 2 - Dongfeng's subsidiaries, including Lantu Motors, have also signed cooperation agreements with Huawei, indicating a strong partnership in developing high-end smart electric vehicles [5] - Future collaboration will focus on product definition, intelligent technology, and marketing strategies, aiming to explore new paths for state-owned enterprises in market-oriented operations [5] - The automotive industry is increasingly seeking Huawei's deep empowerment as companies undergo transformation, with many executives visiting Huawei to learn from its integrated product development and marketing systems [8][9]

Core Viewpoint - The meeting between Dongfeng Motor's chairman and Huawei's executives highlights the ongoing collaboration in the automotive sector, emphasizing the importance of safety and quality in vehicle manufacturing [2][3][7]. Group 1: Collaboration with Huawei - Dongfeng Motor's chairman Yang Qing visited Huawei's founder Ren Zhengfei to discuss deepening cooperation in the automotive sector, particularly in the context of electric and intelligent vehicles [5][7]. - The partnership between Dongfeng Motor and Huawei began in 2018, focusing on electric and connected vehicle technologies, with a comprehensive strategic cooperation agreement signed in 2025 [7][8]. - Dongfeng's subsidiaries, including Lantu Motors, have also engaged in collaborations with Huawei, indicating a strong commitment to integrating Huawei's technology into their products [8]. Group 2: Industry Trends and Strategic Initiatives - The automotive industry is undergoing significant transformation, with companies like Dongfeng actively pursuing innovation in management and talent development to adapt to market challenges [7][8]. - The collaboration with Huawei is seen as a pathway for Dongfeng to enhance its product definition, smart technology, and marketing strategies, aiming for a more market-oriented operation [8][19]. - Other automotive companies, such as GAC Group, are also seeking deep collaboration with Huawei, indicating a broader trend of car manufacturers looking for technological empowerment from Huawei [19][20]. Group 3: Market Impact and Product Development - Huawei's intelligent automotive solutions have been adopted by over 20 mainstream car manufacturers, with cumulative sales of cooperative models exceeding 3 million units [22]. - New vehicle models launched by various manufacturers are increasingly highlighting their integration with Huawei's technology, showcasing the competitive edge provided by this collaboration [23].

Core Viewpoint - The article emphasizes the emergence of a new paradigm in China's economy, termed the "new new three samples," which includes robotics, artificial intelligence (AI), and innovative pharmaceuticals, as key drivers for high-quality economic development and a shift from traditional growth models to technology-led advancements [1][4][29]. Robotics Sector - The robotics sector has seen significant market capitalization growth, with companies like Huichuan Technology exceeding 200 billion yuan and several stocks doubling in price within the year [2][13]. - The market for industrial robots in China is projected to reach 302,000 units in 2024, maintaining its position as the largest industrial robot market globally [30]. - Key challenges include reliance on imported high-end servo motors and precision components, which need to be addressed to enhance domestic capabilities [33]. Artificial Intelligence Sector - The AI sector is characterized by a large number of high-value companies, with six firms exceeding a market cap of 100 billion yuan, including Cambricon and Hikvision [19]. - The demand for AI capabilities has surged, particularly in large model applications, leading to significant revenue growth for companies like Industrial Fulian and Cambricon, with year-on-year increases of 35.58% and 4347.82%, respectively [20]. - The sector is supported by national policies aimed at integrating AI into various industries, with a comprehensive action plan released to enhance AI's role in economic development [22]. Innovative Pharmaceuticals Sector - The innovative pharmaceuticals sector is represented by major players like Heng Rui Medicine, which is nearing a market cap of 500 billion yuan, and BeiGene, which recently achieved profitability [24][28]. - Recent policy measures have been introduced to support the development of innovative drugs, including streamlined approval processes and enhanced reimbursement mechanisms [27]. - The sector is witnessing a shift from loss-making to profitability, with companies like BeiGene demonstrating the commercial viability of innovative drug models [28]. Strategic Importance - The "new new three samples" signify a transition from scale-driven manufacturing to technology-driven innovation, crucial for enhancing China's global competitiveness and economic resilience [7][9][31]. - The collaboration among robotics, AI, and innovative pharmaceuticals creates a synergistic effect that strengthens overall productivity and fosters new business models [8][31]. - Addressing the "bottleneck" issues in these sectors is essential for sustaining growth and achieving leadership in global technology competition [32][33]. Policy Recommendations - To enhance competitiveness, policies should focus on data openness, regulatory reforms, and infrastructure development to support AI and innovative pharmaceuticals [35][38]. - Establishing a robust talent pipeline and fostering interdisciplinary education will be critical for sustaining innovation in these sectors [37][38]. - Encouraging public-private partnerships and international collaboration will further strengthen China's position in the global market [39].

Group 1 - The company, Guangting Information, has established collaborations with a variety of domestic and international automotive manufacturers and parts suppliers, including Geely, Great Wall, Chery, Seres, FAW Group, GAC Group, Toyota, and Nissan [1] - The company emphasizes a philosophy of shared innovation and collaboration within its industrial ecosystem, aiming for mutual benefits among its partners [1] - The company is actively engaging with major automotive clients to enhance its product offerings and market presence [1]