Core Insights - GAC Group has launched a new range extender technology called "Xingyuan," which reportedly improves efficiency, power response, and NVH performance compared to other technologies in the industry [1] - The oil-electric conversion rate of the Xingyuan range extender can reach 3.73 kWh/L, surpassing the industry standard of approximately 3.4 kWh/L [1] - The first model equipped with this technology, the Haobo HL range extender version, has been launched with a price range of 269,800 to 299,800 yuan, featuring a 60 kWh battery that allows for a pure electric range of 350 km and a total range of 1,369 km [1] Industry Context - GAC Group has been involved in the development of range extender electric vehicles since 2010, participating in the national 863 program and launching the first domestic range extender vehicle in 2014 [2] - The company has acknowledged past strategic missteps regarding the development of range extender and plug-in hybrid technologies, recognizing the persistent consumer anxiety regarding range due to insufficient charging infrastructure [2] - GAC Group plans to adjust its vehicle and technology strategy by introducing multiple range extender and plug-in hybrid models starting this year [2]

Core Viewpoint - GAC Group officially launched its new range extension technology "Xingyuan" and the Haobo HL range extension version, aiming to enhance user experience by addressing common pain points in existing range extension vehicles [1][2]. Group 1: Technology and Product Features - The Haobo HL range extension version is the first model to feature the Xingyuan technology, boasting four key advantages: large battery capacity, full configuration, ultra-fast charging, and free charging [2]. - It is equipped with a 60 kWh battery from CATL, offering the longest pure electric range of 350 km in its class and a comprehensive range of 1369 km, with a unique 800V/5C ultra-fast charging technology that allows users to gain 210 km of range in just 10 minutes [2]. Group 2: User Benefits and Market Positioning - Users purchasing the Haobo HL range extension version will enjoy lifetime benefits including free charging, free charging pile installation, free basic maintenance, free data flow, and lifetime warranty on the three electric systems [1][2]. - The launch of the Haobo HL range extension version is positioned to redefine luxury value standards in the market, with plans to apply the Xingyuan technology to new models across GAC's three major brands: Haobo, GAC Trumpchi, and GAC Aion [2]. Group 3: Strategic Direction - GAC Group aims to address the "range anxiety" and "charging anxiety" faced by users by focusing on user needs and continuous innovation, positioning itself as a "range anxiety terminator" in the multi-energy era of XEV [2].

Core Viewpoint - GAC Group officially launched the "Star Source Range Extender" technology and the Haobo HL range extender version, addressing key industry pain points such as high fuel consumption when out of battery, slow acceleration, and excessive noise during operation [1][17]. Group 1: Product Features - The Haobo HL range extender version offers a core advantage of "large battery capacity, full configuration, ultra-fast charging, and free charging," with a price range of 269,800 to 299,800 yuan [1][3]. - It features a 60 kW·h battery from CATL, providing a pure electric range of 350 kilometers and a comprehensive range of 1,369 kilometers, with a fuel consumption of only 6.7L when out of battery [7][9]. - The vehicle supports 800V/5C ultra-fast charging technology, allowing users to gain 210 kilometers of range in just 10 minutes of charging [6]. Group 2: Customer Benefits - Customers purchasing the vehicle will enjoy lifetime free charging, free home charging pile, free basic maintenance, free data plan, and lifetime warranty on the battery system [3][9]. - The vehicle is designed to alleviate user anxiety regarding charging, with access to over 24,000 charging piles across 202 cities in 31 provinces [9]. Group 3: Luxury and Comfort - The Haobo HL range extender version incorporates luxury features typically found in vehicles priced at 500,000 yuan, including high-end materials and advanced technology [10]. - It includes zero-gravity seats designed to NASA standards, offering 18-point massage and 12 massage modes for enhanced comfort [12]. - The vehicle is equipped with the latest Qualcomm Snapdragon 8295P chip, enhancing voice interaction capabilities and response speed [12]. Group 4: Safety and Stability - The vehicle features a robust steel-aluminum hybrid body structure, achieving a 78% ratio of aluminum and high-strength steel, and has passed the 2024 C-NCAP five-star safety certification [15]. - Advanced suspension systems and safety technologies are implemented to ensure stability and safety in various driving conditions [15]. Group 5: Market Impact - The launch of the Haobo HL range extender version is expected to disrupt the new energy SUV market in the 260,000 to 300,000 yuan price range, offering significant value to consumers [17].

上市企业：潍柴动力（000338）,动力新科（600841）,全柴动力（600218）,宗申动力（001696）,云内动 力（000903）,航发动力（600893）,隆鑫通用（603766）,广汽集团（601238） 相关报告：智研咨询发布的《2025-2031年中国发动机行业市场全景调研及产业趋势研判报告》 根据国家统计局数据显示：2025年6月中国发动机产量为2亿千瓦，同比增长8.8%；2025年上半年中国 发动机累计产量为11.6亿千瓦，累计增长0.7%。 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 数据来源：国家统计局，智研咨询整理 ...

Core Viewpoint - The hybrid electric vehicle (HEV) sector in China is experiencing significant growth, with production and sales expected to increase substantially in the coming years, driven by consumer demand and supportive government policies [1][7][18]. Production and Sales - In 2024, China's hybrid electric vehicle production is projected to reach 880,100 units, with 879,700 units being passenger vehicles. By 2025, production is expected to rise to 951,400 units, primarily in the passenger vehicle segment [1][7]. - Sales of hybrid electric vehicles in China are anticipated to hit 896,000 units in 2024, with passenger vehicle sales accounting for 895,700 units. The forecast for 2025 indicates sales will reach 931,000 units, again dominated by passenger vehicles [1][7]. Market Size - The market size for hybrid electric vehicles in China is expected to grow to 180.902 billion yuan in 2024, with passenger vehicles contributing 180.841 billion yuan. By 2025, the market size is projected to increase to 182.52 billion yuan [1][9]. Industry Definition and Classification - Hybrid electric vehicles are defined as vehicles that utilize two or more power sources, specifically combining internal combustion engines with electric motors. The main types include plug-in hybrid electric vehicles (PHEV), hybrid electric vehicles (HEV), and range-extended electric vehicles (REEV) [2][4]. Industry Development Status - China's hybrid electric vehicle technology has reached a competitive level globally, with advancements in intelligent energy management and lightweight systems expected to enhance fuel efficiency and reduce emissions [6][18]. Industry Chain - The hybrid electric vehicle industry chain includes upstream components such as batteries, internal combustion engines, and automotive electronics, while downstream activities encompass vehicle sales and after-market services [11]. Policy Environment - The Chinese government has implemented various policies to support the development of the automotive industry, including incentives for new energy vehicles and initiatives to promote technological innovation and market expansion [13][14]. Competitive Landscape - The hybrid electric vehicle market in China is characterized by a competitive landscape with both joint venture and domestic brands. Joint venture brands leverage established technology and brand recognition, while domestic brands focus on cost control and rapid technological advancement [15][16]. Future Trends - The hybrid electric vehicle sector is positioned as a transitional technology towards fully electric vehicles, with increasing market penetration expected as consumer acceptance grows and costs decrease. Emerging markets are likely to see heightened demand for hybrid vehicles due to rising income levels [18].

Core Viewpoint - GAC Group officially launched the "Star Source Range Extender" technology and the first model equipped with this technology, the Haobo HL Range Extender version, which offers significant advantages in battery capacity, charging speed, and cost-effectiveness [1][3]. Group 1: Product Features - The Haobo HL Range Extender version features a 60 kW·h battery from CATL, providing a pure electric range of 350 kilometers, which meets the weekly commuting needs of most users [1]. - The vehicle has a comprehensive range of 1369 kilometers and a fuel consumption of only 6.7L when the battery is depleted [1]. - It includes unique 800V/5C ultra-fast charging technology, allowing users to gain 210 kilometers of range in just 10 minutes of charging [1]. Group 2: Economic and Convenience Benefits - Buyers of the Haobo HL Range Extender version will enjoy lifetime free charging and a complimentary home charging station [1]. - The vehicle is supported by over 24,000 charging stations across 202 cities in 31 provinces, enhancing the convenience of charging [1]. Group 3: Luxury and Comfort Features - The vehicle is equipped with dual zero-gravity seats designed to NASA standards, offering 18-point hot stone massage and 12 massage modes [2]. - It features a next-generation Qualcomm Snapdragon 8295P chip, enhancing processing power by four times and improving voice interaction capabilities [2]. Group 4: Intelligent Driving and Safety - The Haobo HL Range Extender version includes GAC's GSD advanced intelligent driving assistance system, featuring laser radar and Orin-X chip, achieving over 99% coverage in all scenarios [2]. - The vehicle's chassis utilizes a combination of aluminum and high-strength steel, achieving a 78% ratio, and has passed the 2024 C-NCAP five-star certification [2]. Group 5: Competitive Advantage - The "Star Source Range Extender" technology addresses key pain points of traditional range extenders, such as high fuel consumption and noise, providing a more efficient and quieter experience [3]. - The combination of a large battery, ultra-fast charging, comprehensive features, and competitive pricing positions the Haobo HL Range Extender version to significantly impact the 260,000-300,000 yuan segment of the new energy SUV market [3].

iMobile爱科技8月19日讯——"广汽星源增程技术暨昊铂HL增程版上市发布会"在广汽集团番禺总部盛大 举行。广汽集团全新增程技术——"星源增程"正式发布，以超高效、超澎湃、超静谧三大核心突破，解 决了亏电油耗高、亏电加速慢、亏电振动噪音大的行业三大痛点。 发布会上，首款搭载星源增程技术的车型——昊铂HL增程版同步上市，新车以"大电量、大满配、超快 充、免费充"为核心优势，推出五座/六座两种布局，共4个版本，官方指导价26.98万-29.98万元。 豪华舒适性方面，昊铂HL增程版标配双零重力座椅，采用NASA标准127.5°黄金零压角设计，提供18点 热石按摩、12种按摩模式，座椅材质选用超柔Nappa真皮与雷克萨斯LM同款零感慢回弹棉，搭配车内 北美百年影木饰板、Ultrasuede®️麂皮顶棚等豪华材质。 智能座舱搭载新一代高通骁龙8295P芯片，带来丝滑流畅的类人交互体验。智能驾驶方面，昊铂HL增程 版搭载广汽GSD高级智能驾驶辅助系统，全系标配激光雷达与Orin-X芯片等智能硬件，实现无图领航， 全场景覆盖率超99%。 即日起，购车用户可享受终身免费充电、终身免费送桩、终身免费基础保养、终身免费流量 ...

Core Viewpoint - GAC Group officially launched its "Star Source Extended Range" technology along with the first model equipped with this technology, the Haobo HL Extended Range version, which is now available for sale with a price range of 269,800 to 299,800 yuan [2] Group 1: Product Features - The Haobo HL Extended Range version is equipped with a 60 kWh CATL super hybrid battery, offering a pure electric range of 350 km and a comprehensive range of 1,369 km, with a fuel consumption of 6.7 L when the battery is depleted [2] - The vehicle supports 800V and 5C ultra-fast charging technology, allowing it to replenish 210 km of range in just 10 minutes [2] - It features a new generation Qualcomm Snapdragon 8295P chip in its intelligent cockpit, enhancing computing power by four times and improving voice interaction capabilities [2] - The vehicle is equipped with GAC's GSD advanced intelligent driving assistance system, standardizing laser radar and Orin-X chip across all models, achieving over 99% coverage in all driving scenarios [2] Group 2: Chassis and Suspension Design - The Haobo HL Extended Range version utilizes a front double wishbone and rear five-link aluminum alloy suspension, featuring standard intelligent adjustable shock absorbers (SDC) and dual-chamber air springs with a maximum adjustable travel of 100 mm [3] - The vehicle incorporates a dual-line fusion super magic carpet system that uses cameras and laser radar to predict road obstacles, reducing impact sensation by 15% through pre-adjustment of suspension hardness [3] - The Eagle Claw system (ASTC 2.0) enables a reduction of 11% in braking distance on icy and snowy roads [3]

| 一十六 | | | --- | --- | | 增程版 景由 HL | 上市售价 | | 350 Max 六座激光雷达版 | 29.98元元 | | 350 Max 五座激光雷达版 | 28.98元元 | | 350 Pro 六座激光雷达版 | 27.98元元 | | 350 Pro 五座激光雷达版 | 26.98元元 | 此外，用户购车即可享受终身免费充电、终身免费送桩、终身免费基础保养、终身免费流量和三电终身 质保五大"终身权益"，并叠加家庭智享包、家庭舒享包、2年0息金融政策及首年智驾险。 责任编辑：何俊熹 新浪科技讯 8月19日晚间消息，在今日的"广汽星源增程技术暨昊铂HL增程版上市发布会"上，首款搭载 星源增程技术的车型——昊铂HL增程版正式上市，新车售价26.98万-29.98万元，提供五座/六座两种布 局共4个版本，以"大电量、大满配、超快充、免费充"为核心优势，对新能源SUV市场格局发起挑战。 据介绍，昊铂HL增程版新车标配双零重力座椅、智能座舱、广汽GSD高级智能驾驶辅助系统及数字底 盘等豪华科技配置，不少同级车型需要额外付费的选配，昊铂HL增程版实现了标配。 ...

GUANGZHOU AUTOMOBILE GROUP CO., LTD. 廣州汽車集團股份有限公司 香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全 部 或 任 何 部 份 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任 。 (於中華人民共和國註冊成立的股份有限公司) (股份代號：2238) 中 國 廣 州 ， 二 零 二五年 八 月 十 九 日 於 本 公 告 日 期，本 公 司 的 執 行 董 事 為 馮 興 亞，本 公 司 的 非 執 行 董 事 為 陳 小 沐、 鄧蕾、周開荃、王亦偉及洪素麗，以及本公司的獨立非執行董事為趙福全、 肖 勝 方 、 王 克 勤 及 宋 鐵 波 。 董事會會議日期公告 廣州汽車集團股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，董事會會議將於 二零二五年八月二十九日（星期五）舉行，藉以（其中包括）批准 ...