中国汽车工程研究院智能底盘开发高级专家余颖弘：部分搭载智能底盘的车型，刹车时系统能实时感知车身状态，提前调整悬架，抑制晃动，让减速更平 稳。在对开路面中，智能传感器可以提前识别路况，没等车轮打滑就主动调整，避免车辆跑偏。 记者昨天（24日）从中国汽车工程研究院获悉，行业内首批汽车智能底盘实测研究报告在重庆发布。 记者了解到，随着汽车智能化的快速发展，车辆的智能底盘愈加受到重点关注。这次中国汽车工程研究院选取10余款市场主流车型，设计了13类测试工况， 包括"弯道爆胎""十字路口过弯抗滑干扰""对开坡道起步"等场景，并设置了20多项关键指标进行了全面测评。 专家表示，智能底盘的性能不断提升，将能更好地保障驾乘安全性，其中的关键硬件配置和智能软件的协同应用，是提高这一智能化零部件安全性的重要因 素。 中国汽车工程研究院底盘研究中心主任唐俊：下一步，我们将继续关注智能驾驶与智能底盘功能融合发展，丰富既有体系的评价维度，创新测试方法与工 具，通过加强协同合作与标准体系更新，推动行业在硬件升级与软件创新上双向发力。 （文章来源：央视新闻） ...

Core Viewpoint - The release of the "2025 Intelligent Chassis Pioneer Plan" testing research results by China Automotive Engineering Research Institute (China Automotive Research) marks a significant step in validating intelligent chassis technology through real-world applications, providing consumers with a reference based on scenario verification and setting clear directions for industry development [1][3]. Group 1: Testing and Evaluation - China Automotive Research conducted real vehicle tests based on eight group standards for intelligent chassis testing, creating a multi-scenario and multi-dimensional testing system that addresses consumer pain points such as slippery conditions, simulated tire blowouts, slopes, and continuous curves [3]. - The tests focused on the performance of the chassis in emergency avoidance, emergency response, and overall coordination, assessing whether the intelligent chassis system can genuinely enhance safety, smoothness, and confidence in driving experiences [3]. - After the tests, an expert review meeting was organized to evaluate the maturity, advancement, reliability, and future development potential of intelligent chassis technology, leading to the selection of benchmark models across different price segments [3]. Group 2: Industry Impact - The release of the intelligent chassis testing research results establishes an objective reference system from "user pain points" to "technology validation" and "product selection," promoting a more transparent and rational market environment for consumers [3]. - For the industry, this initiative fills the gap in scenario-based testing and evaluation of intelligent chassis, providing clear benchmarks for technology research and product upgrades [3]. - China Automotive Research indicated that this testing research is a phase of exploratory results, with plans to continue expanding the breadth and depth of technical validation, driving innovation and industry collaboration towards a high-quality development phase centered on user experience [4].

Core Viewpoint - The automotive service sector experienced a slight increase of 0.28% on December 24, with Xiamen Xinda leading the gains. The Shanghai Composite Index closed at 3940.95, up 0.53%, while the Shenzhen Component Index closed at 13486.42, up 0.88% [1]. Group 1: Stock Performance - Xiamen Xinda (000701) closed at 6.85, up 4.58%, with a trading volume of 489,100 shares and a transaction value of 332 million yuan [1]. - Other notable performers include Alter (300825) at 9.50, up 1.39%, and Zhongqi Co. (301215) at 6.82, up 1.04% [1]. - The automotive service sector stocks showed mixed performance, with some stocks like China Automotive Research (601965) and Guoji Automotive (600335) experiencing slight declines [1]. Group 2: Capital Flow - The automotive service sector saw a net outflow of 3.89 million yuan from main funds, while retail funds experienced a net inflow of 20.03 million yuan [2]. - The main funds showed a positive net inflow in stocks like Zhongqi Co. (301215) with 9.59 million yuan, while Xiamen Xinda (000701) had a net inflow of 7.28 million yuan [3]. - Conversely, stocks like Jiewu Co. (000757) and China Automotive Research (601965) faced significant net outflows from main funds [3].

Core Insights - The "2025 Intelligent Chassis Pioneer Plan" results were released by the China Automotive Engineering Research Institute, focusing on the construction of systems and ecological leadership [1] - The report addresses key industry questions regarding the planning of the industry, technology project initiation, and consumer perception of intelligent chassis performance [1] - The report presents performance metrics of various vehicle models in scenarios such as emergency obstacle avoidance and slippery road conditions, analyzing the current capabilities and challenges of intelligent chassis technology [1] Industry Developments - The release of the "2025 Intelligent Chassis Testing Research Results Report" serves as a benchmark for the technical characteristics and performance standards that excellent intelligent chassis should possess, guiding industry resources towards high-quality technology [1] - The Director of the Chassis Research Center at China Automotive Engineering Research Institute announced the "2026 Pioneer Plan Testing Technology Innovation and Planning," emphasizing the evolution of testing frameworks and the need to track technological trends closely [2] - The new plan aims to expand testing depth in extreme scenarios and complex conditions, driving the synchronous iteration of testing standards and technological research with a forward-looking and detailed evaluation approach [2]

Core Viewpoint - The release of eight group standards for intelligent chassis by the China Consumer Product Quality Safety Promotion Association is crucial for the advancement and industrial application of automatic driving technology in China's automotive industry [1][3]. Group 1: Standards Overview - The eight intelligent chassis group standards were developed in collaboration with the China Automotive Engineering Research Institute and various industry experts, focusing on user scenarios and guiding the development of intelligent chassis technology [3]. - The standards encompass 18 specific testing conditions, emphasizing four key dimensions: intelligent safety, intelligent comfort, intelligent control, and intelligent integration, creating a comprehensive testing and evaluation system [3][4]. Group 2: Innovations in Testing - The standards introduce five innovative aspects, including high-risk condition assessments and standardized evaluation metrics, addressing gaps in user scenario testing for intelligent chassis [3][4]. - A pioneering high-risk condition assessment focuses on critical driving scenarios such as tire blowouts and turning at intersections, converting real-world risks into standardized testing conditions [3]. - The standards redefine parking paradigms for intelligent chassis vehicles, proposing innovative testing solutions for low-speed scenarios that enhance the driving experience [3]. Group 3: Technical Foundations - The standards establish a unified disturbance simulation device standard, providing a scientific basis for testing conditions and enabling fair performance validation across the industry [4]. - Key quantitative evaluation indicators are introduced, shifting performance testing from qualitative assessments to precise measurements, enhancing the accuracy of evaluations [4]. - A systematic cross-evaluation framework is created, promoting the collaborative development of comprehensive attributes such as safety, comfort, and control, rather than simple trade-offs [4]. Group 4: Industry Impact - The series of standards is expected to significantly contribute to the quality safety verification of intelligent chassis products and the confirmation of innovative technological functions [6]. - China's electric vehicle exports have shown robust growth, with a total export volume of 2.01 million units from January to October 2025, marking a 90.4% year-on-year increase, indicating strong international competitiveness [6]. - The application and iteration of these standards are anticipated to lay the groundwork for participating in international standard formulation and aligning Chinese standards with global counterparts [6].

Core Viewpoint - China Automotive Engineering Research Institute Co., Ltd. (China Automotive Research) has experienced a slight decline in stock price and a mixed performance in financial metrics, indicating potential challenges in the automotive service sector [1][2]. Financial Performance - As of September 30, 2025, China Automotive Research reported a revenue of 3.024 billion yuan, a year-on-year decrease of 0.76%, and a net profit attributable to shareholders of 666 million yuan, down 0.56% year-on-year [2]. - The company's stock price increased by 1.22% year-to-date, with a 2.41% rise over the last five trading days and a 3.45% increase over the last 20 days, but a decline of 5.33% over the last 60 days [1]. Shareholder Information - The number of shareholders increased by 18.75% to 21,600 as of September 30, 2025, while the average circulating shares per person decreased by 15.79% to 46,048 shares [2]. - The top ten circulating shareholders include various funds, with notable increases in holdings by China Europe Pension Mixed A and China Europe Insight Mixed A [3]. Business Overview - China Automotive Research, established on January 11, 2001, and listed on June 11, 2012, primarily engages in automotive technology services and equipment manufacturing, with 89.80% of its revenue coming from automotive technology services [1]. - The revenue composition includes 65.58% from complete vehicle and traditional parts development and testing, 16.21% from new energy and intelligent connected vehicle development and testing, and smaller contributions from other segments [1].

New Stock Listings - One new stock listed today: Muxi Co., Ltd. (688802) with an issue price of 104.66 yuan [1] Industry News - The Ministry of Commerce announced the imposition of anti-dumping duties on imported pork and pork products from the EU for a period of five years starting today [1] - The 2025 Xiaomi Human-Vehicle Home Ecosystem Partner Conference is being held today [1] - The 2025 China Artificial Intelligence Industry Innovation and Development Conference is taking place today [1] - The Second Global Data Technology Conference (GDTC) is being held in Beijing from today until the 18th [1] - The Fourth Computing Power Network and Digital Economy Forum, along with the 2025 "Computing Power Puxiang" Conference, is being held today [1] - Dell announced a price increase for all its commercial product lines starting today, attributed to demand for memory chips [1] - The U.S. Trade Representative's office warned of potential retaliatory measures against the EU's service industry and may initiate a Section 301 investigation [1] - The U.S. FDA approved a twice-a-year asthma medication from GlaxoSmithKline [1] - Autonomous driving company Waymo is reportedly discussing raising several billion dollars at a valuation exceeding $100 billion [1] - Tesla's stock price reached a historic high, with a market capitalization exceeding $1.6 trillion, reflecting growing optimism about autonomous driving [1] - Level 3 autonomous driving has been approved, with Changan Automobile and BAIC Blue Valley models receiving pilot approval [1] - Apple plans to expand its iPhone product line from five to seven models before fall 2027 [1] - OpenAI appointed former UK Chancellor Osborne to lead the "OpenAI for Countries" initiative [1] - AI data platform Databricks is reportedly raising over $4 billion at a valuation of $134 billion [1] - The European Commission plans to issue approximately €90 billion in bonds in the first half of next year [1] Economic Data - A total of 189.8 billion yuan in 7-day reverse repos is maturing today [1] - Various economic indicators are being released, including Japan's trade balance, export and import amounts for November, and the UK's core CPI [1] - Germany's Ifo Business Climate Index for December and HICP data for November are being published [1] - Italy's HICP data for November is also being released [1] - Eurozone's November CPI and core CPI data are being reported [1] - U.S. retail inventory adjustments and EIA crude oil inventory changes for the week ending December 12 are being released [1] A-Share Market Dynamics - Six listed companies are facing stock unlocks, including Oke Technology with 70 million shares (74.99% of total shares) and Meino Biological with 13.88 million shares (9.86%) [1] - Several companies announced dividend distributions, with Chongqing Brewery (10 shares for 13 yuan) and Wuliangye (10 shares for 25.78 yuan) among those with significant payouts [1] - Dongjie Intelligent is planning to acquire a controlling stake in Aobo Intelligent, leading to a stock suspension [1] - Multiple companies released important announcements, including 360 clarifying rumors of financial fraud and Longping High-Tech planning a 1 billion yuan investment in production bases in Vietnam and Malaysia [1] - Lianhua Holdings' subsidiary plans to purchase acceleration cards for intelligent computing business for 200 million yuan [1] - Hualing Cable intends to acquire 70% of San Zhu Technology for 183 million yuan [1] - Xiechuang Data signed a strategic cooperation framework agreement to enter the optical chip and module industry [1]

Group 1 - The Shanghai Composite Index closed at 3915.20 points, above the annual line, with a change of 0.64% [1] - The total trading volume of A-shares reached 1,198.987 billion yuan [1] - A total of 105 A-shares have surpassed the annual line today, with notable stocks including Tianye Co., Keda Control, and Hainan Highway showing significant deviation rates of 20.54%, 10.05%, and 8.68% respectively [1] Group 2 - The stocks with the highest deviation rates from the annual line include: - Tianye Co. with a price increase of 29.23% and a deviation rate of 20.54% [1] - Keda Control with a price increase of 13.09% and a deviation rate of 10.05% [1] - Hainan Highway with a price increase of 10.03% and a deviation rate of 8.68% [1] - Other stocks that have just crossed the annual line include Weifeng Electronics, Southwest Securities, and China Automotive Research, with smaller deviation rates [1]

Core Viewpoint - China Automotive Engineering Research Institute (China Automotive Research) has shown a mixed performance in stock price and financial metrics, with a slight increase in stock price recently but a decrease in revenue and net profit year-on-year. Group 1: Stock Performance - As of December 19, China Automotive Research's stock price increased by 2.14% to 17.70 CNY per share, with a total market capitalization of 17.754 billion CNY [1] - The stock has risen by 3.03% year-to-date, with an 8.12% increase over the last five trading days and a 6.05% increase over the last 20 days, while it has decreased by 6.55% over the last 60 days [1] - The trading volume was 31.7347 million CNY, with a turnover rate of 0.18% [1] Group 2: Financial Performance - For the period from January to September 2025, China Automotive Research reported a revenue of 3.024 billion CNY, a year-on-year decrease of 0.76%, and a net profit attributable to shareholders of 666 million CNY, down 0.56% year-on-year [2] - Cumulative cash dividends since the A-share listing amount to 2.848 billion CNY, with 1.074 billion CNY distributed over the last three years [3] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders increased by 18.75% to 21,600, while the average number of tradable shares per person decreased by 15.79% to 46,048 shares [2] - The top ten circulating shareholders include notable funds such as China Europe Pension Mixed A and Agricultural Bank of China New Energy Mixed A, with varying changes in their holdings [3]

证券日报网讯 12月17日晚间，中国汽研发布公告称，公司于2025年12月17日召开公司职工代表大会， 审议通过了《关于选举中国汽研第六届董事会职工代表董事》的议案，同意选举温倩女士为公司第六届 董事会职工代表董事。 （文章来源：证券日报） ...