新车基于天枢架构纯电平台打造，采用了全新设计语言，并配备激光雷达和辅助驾驶小蓝灯；尺寸为 4435/1855/1600 (1595) mm，轴距 2735mm，定位小型 SUV。 C T IT之家 11 月 21 日消息，长安启源全新 Q05 车型今日在 2025 广州车展正式上市。 11:00 A 14 Ap 全新QOS IC 3 I w.ithome.com 设计之光 大师美学 排北 Masterful design SODWA . i Inking Biros 4 요비QOS 内饰方面，全新启源 Q05 提供墨玉黑和玉石白内饰配色可选，搭载 10.17 英寸悬浮式液晶仪表以及 15.6 英寸中控屏；配备天枢智能座舱，搭载 4nm 的联发 科 MT8676 芯片，支持端侧大模型、5G 网络等，内置语音助手接入科大讯飞星火大模型，还能连接海尔、美的等品牌家电。 0 0 IOI 0 道光亮划开路中 t LL BA 空间之光 魔法社交站 Amagicalsocialhub 北 A W a www.ithome.com (100) INGRY B 全新启源 Q05 采用五座布局，前排座椅具备 8 点按摩 / 通风 ...

| 投资者关系活 | ■特定对象调研 | □分析师会议 | 动类别 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | □媒体采访 | □业绩说明会 | | | | | | | | | □新闻发布会 | □路演活动 | | | | | | | | | □现场参观 | | | | | | | | | | □其他（请文字说明其他活动内容） | | | | | | | | | | 参与单位名称 | 兴业证券、中邮证券、景顺长城基金、财通资管、银河基金、 | 及人员姓名 | 博时基金、中银理财、园信永丰基金、健顺投资 | | | | | | | 时间 | 2025 | 年 | 11 | 月 | 19 | 日 | 地点 | 公司会议室 | | 上市公司接待 | 投关总监——蒋沙 | 人员姓名 | 机器人业务项目组相关专家 | | | | | | | 一、主动介绍环节 | | | | | | | | | | 公司就机器人业务规划进行了主动介绍，并向来宾演示 | | | | | | | | | | 了人形机器人"小安"自主行走、武术舞蹈 ...

Core Points - The passenger car sector experienced a decline of 1.48% on November 20, with Seres leading the drop [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Passenger Car Sector Performance - The closing prices and changes for key companies in the passenger car sector include: - Haima Automobile: 10.50, +1.45% - Great Wall Motors: 21.90, -0.32% - Changan Automobile: 12.04, -0.33% - BAIC Blue Valley: 7.68, -1.03% - BYD: 93.61, -1.64% - SAIC Group: 15.02, -1.83% - GAC Group: 7.78, -1.89% - Seres: 126.67, -2.51% [1] Capital Flow Analysis - The passenger car sector saw a net outflow of 1.585 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.453 billion yuan [1] - The capital flow for specific companies indicates: - Great Wall Motors: Institutional net inflow of 7.4341 million yuan, retail net inflow of 5.4436 million yuan - GAC Group: Institutional net outflow of 32.0352 million yuan, retail net inflow of 5.4416 million yuan - SAIC Group: Institutional net outflow of 41.5678 million yuan, retail net inflow of 96.6030 million yuan - Changan Automobile: Institutional net outflow of 43.4795 million yuan, retail net inflow of 59.3332 million yuan - BAIC Blue Valley: Institutional net outflow of 68.5522 million yuan, retail net inflow of 47.5268 million yuan - Seres: Institutional net outflow of 634 million yuan, retail net inflow of 523 million yuan - BYD: Institutional net outflow of 69.47 million yuan, retail net inflow of 644.1 million yuan [2]

Core Viewpoint - The military equipment restructuring concept has seen a decline of 2.55%, ranking among the top losers in the concept sector, with companies like Changcheng Military Industry, Construction Industry, and Zhongguang Optical experiencing significant drops [1] Market Performance - The top-performing concept sectors today include Hainan Free Trade Zone (+2.20%) and Salt Lake Lithium Extraction (+1.43%), while sectors like Silicon Energy (-2.66%) and Military Equipment Restructuring (-2.55%) faced declines [1] - The military equipment restructuring sector experienced a net outflow of 515 million yuan, with seven stocks seeing net outflows, and five stocks exceeding 10 million yuan in outflows [1] Key Stocks in Military Equipment Restructuring - Changcheng Military Industry saw the largest net outflow of 394.68 million yuan, with a decline of 5.71% and a turnover rate of 9.37% [1] - Other notable stocks with significant net outflows include Construction Industry (-3.12%, 51.32 million yuan), Chang'an Automobile (-0.33%, 39.06 million yuan), and Hunan Tianyan (-2.71%, 14.23 million yuan) [1]

Core Viewpoint - Changan Automobile officially entered the Indonesian market with a brand launch event in Jakarta, showcasing its latest achievements in electrification and intelligence through its three smart new energy brands: Avita, Deep Blue, and Changan Qiyuan [1][3]. Group 1: Market Entry and Strategy - Indonesia is one of the largest automotive markets in Southeast Asia, with a population exceeding 280 million and rapid growth in vehicle ownership, making it a key hub for global automotive companies [3]. - In February, Changan Automobile established a strategic partnership with Indomobil, one of Indonesia's most influential automotive groups, laying the foundation for its market entry [3]. - Changan Automobile's Executive Vice President, Ye Pei, emphasized the principle of "in Indonesia, for Indonesia," focusing on localizing product development, manufacturing, and service systems driven by green development and technological innovation [3]. Group 2: Future Plans and Contributions - Changan Automobile plans to establish a comprehensive after-sales service system in Indonesia and is considering local production to support technology transfer, local supply chain development, and talent cultivation [3]. - The company aims to contribute to Indonesia's goal of achieving net-zero emissions by 2060 by promoting the development of new energy and intelligent products and technologies, facilitating a transition to low-carbon and sustainable mobility [3].

Core Insights - The automotive industry is shifting focus from traditional vehicles to advanced technologies such as flying cars and humanoid robots, indicating a transformation from a "car exhibition" to a "future transportation exhibition" [1][2] - Major Chinese automotive companies like XPeng, Changan, and GAC Group are actively exploring flying car technologies and humanoid robots, showcasing a trend towards diversification and innovation in the sector [2][4] Industry Trends - The Chinese passenger car market has stabilized, with annual sales remaining above 30 million units for 16 consecutive years, and new energy vehicles (NEVs) accounting for 40.9% of total new car sales in 2024 [5] - The push for innovation is driven by the need to escape the unsustainable "involution" competition in the automotive sector, prompting companies to explore new avenues such as air mobility and home integration [4][8] Technological Advancements - The core competencies of NEVs, including advanced driver-assistance systems, high-performance batteries, and AI algorithms, are being leveraged to develop flying cars and humanoid robots, creating a synergistic effect [5][6] - Chinese companies are leading in AI model development for autonomous driving, which can be adapted for use in flying vehicles and robots, enhancing their capabilities [6][8] Consumer Impact - The introduction of flying cars is expected to alleviate ground traffic congestion and significantly reduce commuting times, while humanoid robots may serve various functions in households and industries, addressing labor shortages in an aging society [12][13] - Automotive companies are not merely transitioning to new products but are elevating their business models to offer integrated AI-driven mobility solutions, enhancing consumer experiences and brand value [9][13] Market Dynamics - The automotive sector is witnessing a shift towards personalized consumer experiences, with new brands targeting specific demographics and needs, thereby creating new market segments [9] - The integration of flying cars and robots into the automotive ecosystem is seen as a way to enhance traditional automotive offerings while expanding into new markets such as healthcare and education [12][13]

Core Insights - Changan Automobile officially entered the Indonesian market with a brand launch event in Jakarta, showcasing its three smart new energy brands: Avita, Deep Blue, and Changan Qiyuan, along with several new models [1][3] Group 1: Market Entry - Indonesia is the largest automotive market in Southeast Asia, with a population exceeding 280 million and rapidly growing vehicle ownership, making it a key hub for global automotive strategies [3] - In February, Changan signed a strategic cooperation agreement with local automotive group Indomobil, marking the initial step into the Indonesian market [3] Group 2: Strategic Vision - Changan's Executive Vice President, Ye Pei, emphasized Indonesia's strategic position in Southeast Asia's green mobility development, committing to the principle of "In Indonesia, for Indonesia" [3] - The company aims to drive local product, research, and manufacturing localization, focusing on green development and technological innovation [3] Group 3: Future Plans - Changan plans to establish a comprehensive local after-sales service system, including service centers across Indonesia [3] - Future considerations include local production to enhance technology transfer, strengthen the local automotive supply chain, and cultivate local automotive talent [3] - Changan is accelerating its global strategy, having entered 103 markets worldwide, including Indonesia [3]

Core Viewpoint - In October 2025, China's commercial vehicle sales increased by 21% year-on-year, with the truck market growing by 22%. However, the light truck market showed only a slight increase of 0.3%, indicating a weaker performance compared to the overall market growth [1][2][5]. Summary by Sections Overall Market Performance - The truck market sold 311,100 units in October 2025, a slight decrease of 0.3% month-on-month but a 22% increase year-on-year [2]. - The light truck market, which includes light trucks, small trucks, and pickups, sold 161,700 units in October, with a year-on-year increase of 0.3%, marking a "9 consecutive months of growth" [4][5]. Light Truck Market Analysis - The light truck market's year-on-year growth of 0.3% in October is the only segment that underperformed compared to the overall truck market, which saw a 22% increase [5]. - Cumulatively, from January to October 2025, the light truck market's sales reached 1.6442 million units, reflecting a 6% year-on-year increase, which is lower than the overall truck market's growth [9][17]. Historical Context - The October 2025 sales of 161,700 units rank fourth in the last ten years, indicating a stable but not exceptional performance compared to previous years [7]. - The cumulative sales of light trucks in the first ten months of 2025 are within the normal range of 1.5 million to 1.6 million units seen over the past decade [9]. Company Performance - Seven companies sold over 10,000 units in October 2025, with Foton leading at 38,000 units, followed by Changan, Great Wall, and others [12][13]. - Among the top ten companies, six experienced year-on-year sales growth, with notable increases from Changan (24%), Great Wall (9%), and others [16][20]. Market Share Dynamics - Foton holds a market share of 22.27%, while Changan, Great Wall, and others have shares ranging from 8.66% to 9.19% [17][22]. - Companies like Remote and BYD saw significant market share increases, with BYD's share rising by 1.69 percentage points [22]. Future Outlook - The light truck market's performance in the upcoming months will be closely monitored to see if the trend of consecutive growth can continue [23].

Core Viewpoint - The article discusses the significant administrative restructuring in Chongqing, where the two existing districts, Jiangbei and Yubei, have been merged into the newly established Liangjiang New Area, marking a transition from an economic function zone to an official administrative district [5][6][9]. Group 1: Administrative Restructuring - On November 6, Chongqing announced a major administrative restructuring approved by the State Council, merging Jiangbei and Yubei districts into Liangjiang New Area, reducing the total number of districts from 38 to 37 [6]. - Liangjiang New Area, previously an economic function zone, now serves as a formal administrative district, addressing issues of management overlap and fragmentation that hinder regional development [9][10]. - The new Liangjiang New Area covers approximately 1,360 square kilometers and has a population of about 3.52 million, with a projected GDP exceeding 600 billion yuan, positioning it as the largest economic and population center in the central and western regions of China [10]. Group 2: Economic Significance - The restructuring is seen as a strategic move to enhance Chongqing's role as a "strong provincial capital," similar to Chengdu, which has seen significant economic growth and population influx due to its provincial capital status [12][13]. - Liangjiang New Area contributes around 20% of Chongqing's GDP while occupying less than 2% of the city's area, highlighting its importance as the economic heart of the city [14][15]. - The area is home to key infrastructure such as Jiangbei International Airport and Guoyuan Port, making it a central hub for Chongqing's development as an inland open gateway [15]. Group 3: Industrial Development - Chongqing's manufacturing sector is robust, producing nearly 50% of the world's laptops and ranking second in automotive production in China, with significant contributions from companies like Changan and Seres [16][17]. - The city is implementing a "33618" modern manufacturing cluster system, focusing on three trillion-level leading industries, three five-hundred billion-level supporting industries, six thousand billion-level characteristic industries, and eighteen emerging industries [18]. - Liangjiang New Area is pivotal in this strategy, housing two of the three leading trillion-level industries: intelligent connected new energy vehicles and next-generation electronic information manufacturing [20]. Group 4: Automotive and Electronics Industry - As the heart of Chongqing's automotive industry, Liangjiang New Area is expected to produce 1.25 million vehicles in 2024, with nearly 580,000 of those being new energy vehicles, accounting for about 58% of the city's total output [21][22]. - The area is also a hub for the new generation of electronic information manufacturing, with a complete industrial chain from display panels to smart terminals, driven by companies like BOE and Unisoc [26][28]. - The integration of the automotive and electronics sectors is anticipated to create a synergistic effect, particularly in the development of intelligent connected vehicles, which is projected to become a trillion-yuan market by 2025 [29][30].

邓承浩在发布会上表示，深蓝汽车是中国长安汽车旗下面向年轻人群的中高端新能源汽车品牌。打造科 技运动品牌，这是未来深蓝汽车的品牌定位和努力方向。 （文章来源：新京报） 新京报贝壳财经讯（记者王琳琳）11月18日，深蓝L06正式上市，新车共推出4款车型，官方指导价为 13.49万元-15.69万元。深蓝汽车董事长邓承浩表示，深蓝L06是一台为年轻人打造的车。他表示，年轻 人的第一台车，安全比速度更重要。 据邓承浩介绍，深蓝L06是第一个量产搭载磁流变悬架的车型。此外，深蓝L06全系标配激光雷达，首 发搭载深蓝智能驾驶辅助系统DEEPAL AD Max，支持高速领航辅助、城市领航辅助、智能泊车辅助、 停车场领航辅助等。深蓝L06全球首发天玑座舱S1Ultra 3纳米车规级座舱芯片，可实现车道级精准导航 等。此外，纯电车型搭载68.8kWh磷酸铁锂电池，CLTC工况下续航最高670km。 ...