7月作为下半年车市开局之月，众多车企将推出重磅新车抢占市场。以下是本月值得关注的上市新车盘点，涵盖燃油、混动及纯电车型，为消费者提供 多样化选择。 比亚迪海狮06：主打科技感与实用性 比亚迪海狮06是比亚迪海洋网即将推出的中型SUV，包括插电混动（DM-i）和纯电（EV）版本，采用第五代DM技术和e平台3.0 Evo打造，价格为16万 元-20万元。 造型依旧采用海洋美学的设计风格，车头为封闭式格栅，两侧配备双层前大灯，该车也是海洋网首款采用分体式大灯的车型。车身侧面，车顶线条向后 下沉，搭配悬浮式车顶设计，提升时尚感。环形贯穿式尾灯采用"水滴"造型，内部经过熏黑处理，点亮后具有不错的辨识度。 内部采用简约科技风格，嵌入式全液晶仪表盘与大尺寸悬浮式中控屏形成双屏布局。中央扶手区域，车辆将配备无线充电以及启动按钮等常用的物理按 键。 动力方面，海狮06 DM-i/EV分别采用第五代DM技术和e平台3.0 Evo打造。其中，插混版搭载的1.5L发动机最大功率74kW，电机最大功率160kW，配备 18.3kWh和26.6kWh电池组，WLTC工况下纯电续航里程分别为93km和130km；纯电车型提供两驱和四驱车型 ...

Core Viewpoint - Chengtai Technology, founded by former Huawei engineers, is preparing for an IPO on the Hong Kong Stock Exchange, showcasing significant revenue growth but a heavy reliance on BYD for its income [1][5][19] Group 1: Company Overview - Chengtai Technology was established in 2016 by Chen Chengwen and Zhou Ke, both with backgrounds in Huawei and expertise in millimeter-wave radar technology [2][11] - The company specializes in millimeter-wave radar, which is essential for intelligent driving systems, providing real-time detection and spatial positioning [2][4] - Chengtai Technology holds a leading position in the domestic forward millimeter-wave radar market with a 9.3% shipment share and a total market share of 4.5% as of 2024 [4] Group 2: Financial Performance - Chengtai Technology's revenue has shown a compound annual growth rate (CAGR) of 145.7%, with figures of 0.58 billion, 1.57 billion, and 3.48 billion RMB for 2022, 2023, and 2024 respectively [5][6] - The company's gross margin has been steadily increasing, reaching 34.0% in 2024, while R&D expenses remain high, exceeding 50% of revenue [6] - Despite significant revenue growth, the company has experienced net losses, although these have narrowed from 79.17 million RMB in 2022 to 21.77 million RMB in 2024 [6][7] Group 3: Customer Dependency - Chengtai Technology's revenue is heavily dependent on BYD, with 93.6% of its income in 2024 coming from this single customer, highlighting a growing customer concentration risk [5][7][8] - The top five customers accounted for 98.3% of total revenue in 2024, indicating an increasing reliance on a limited customer base [7][8] Group 4: Market Potential - The millimeter-wave radar market is projected to grow significantly, with the Chinese market expected to increase from 8.2 billion RMB in 2024 to 21.6 billion RMB by 2029, reflecting a CAGR of 21.5% [16][17] - Chengtai Technology's manufacturing advantage is notable, with a production yield of 99.8% in 2024, surpassing the industry average of 95% [16][19] Group 5: Strategic Considerations - The company plans to use IPO proceeds for technology research and product development (35%), production line upgrades (20%), and operational funding (20%) [16] - Chengtai Technology's founders face the challenge of maintaining a strong partnership with BYD while mitigating the risks associated with high customer concentration [19]

Core Viewpoint - The Ministry of Industry and Information Technology and the China Automobile Industry Association advocate against disorderly price competition, promoting fair market practices to foster healthy industry development [1] Group 1: Market Competition Dynamics - Car manufacturers are shifting focus from price competition to technological innovation and enhancing user experience, recognizing that long-term competitive advantages cannot be achieved solely through pricing strategies [1][10] - Despite the shift, price competition remains prevalent in terminal sales, with 4S dealerships employing various limited-time promotional activities to capture market share [1] Group 2: Promotional Strategies - Many 4S dealerships are implementing aggressive promotional strategies, such as cash discounts and additional incentives, to attract customers during events like the "6.18 Mid-Year Sale" [2][3] - For instance, a BMW dealership offers a cash discount of up to 10,000 yuan, with some models seeing discounts as high as 50%, indicating a significant reduction from the official price [2] - Toyota's promotional activities also reflect substantial cash discounts, with some models offering up to 60,000 yuan in total incentives [3] Group 3: Inventory and Supply Chain Challenges - The industry faces high inventory levels, with national passenger car inventory reaching 3.5 million units in April, a 120,000-unit increase from the previous year, necessitating promotional strategies to alleviate stock pressure [5] - Sales personnel emphasize that accepting in-stock vehicles can lead to greater discounts, highlighting the need for manufacturers to manage inventory effectively [5] Group 4: Economic Pressures on Dealers - The automotive industry is experiencing significant economic pressure, with profit margins projected to drop to 4.3% in 2024, below the average for downstream industries [9] - A substantial portion of dealers are facing financial difficulties, with 41.7% reporting losses, and 84.4% experiencing price discrepancies that threaten their viability [9] Group 5: Consumer Behavior and Market Trends - Despite the industry's recognition of the dangers of price wars, consumer attraction through cost-effectiveness remains a critical sales strategy, as evidenced by the ongoing reliance on promotional pricing [10] - Sales personnel express confidence in their products and technologies, actively promoting new features to enhance consumer appeal, indicating a gradual shift away from price-centric sales tactics [10]

Core Viewpoint - Chengtai Technology, a leading millimeter-wave radar supplier founded by two former Huawei employees, has submitted an IPO application to the Hong Kong Stock Exchange, despite not being profitable and having accumulated losses of approximately 198 million yuan over three years [1][7]. Company Overview - Chengtai Technology was established in 2016 by Chen Chengwen and Zhou Ke, both of whom have backgrounds at Huawei. Chen serves as the Executive Director and Chairman, while Zhou is the Executive Director and CTO [3][4]. - The company has raised over 350 million yuan in financing since its inception, with a post-money valuation reaching 1.32 billion yuan as of the latest funding round in August 2024 [4]. Financial Performance - Chengtai Technology reported revenues of 57.65 million yuan, 157 million yuan, and 348 million yuan for the years 2022 to 2024, reflecting a compound annual growth rate (CAGR) of 145.7%. However, net losses for the same period were 79.17 million yuan, 96.6 million yuan, and 21.77 million yuan, totaling approximately 198 million yuan [7]. - The company’s gross margin has shown an upward trend, with figures of 28.7%, 31%, and 34% over the same period [8]. Market Position - Chengtai Technology is the largest supplier of front millimeter-wave radars in China by shipment volume, holding a market share of 9.3%. It ranks third overall in the country with a 4.5% market share [6]. - The global market for automotive millimeter-wave radars is projected to grow from 15.6 billion yuan in 2020 to 24.8 billion yuan in 2024, with a CAGR of 12.3%. The Chinese market is expected to grow from 4.4 billion yuan to 8.2 billion yuan in the same period, with a CAGR of 16.6% [6]. Customer Dependency - Chengtai Technology's revenue is heavily reliant on a single customer, referred to as Customer A, which is identified as BYD. In 2024, over 93% of the company's revenue came from this customer, highlighting a significant concentration risk [2][9].

Group 1 - The competition in the Robotaxi market is intense, with only three companies, Waymo, Pony.ai, and Baidu, meeting the standards for scale and automation, according to Pony.ai's CTO [4] - ByteDance's AI research team leader, Kong Tao, has left the company to start his own venture, indicating a shift in talent within the AI sector [14] - Xiaomi is set to launch its new SUV model, the YU7, with three versions and advanced features, highlighting its commitment to the automotive market [12][13] Group 2 - The semiconductor company, Chipone, has faced severe financial issues, including unpaid salaries and layoffs without compensation, raising concerns about its operational stability [8] - Intel is gradually shutting down its automotive business, focusing on its core client and data center products, which may impact its automotive clients [40] - The launch of Cao Cao Mobility on the Hong Kong Stock Exchange marks it as the largest tech mobility platform in Hong Kong, with a valuation of approximately 228 billion HKD [28][29] Group 3 - The ongoing layoffs at Microsoft’s Xbox division reflect a broader strategy to shift resources towards cloud services, indicating a significant restructuring within the company [41] - DJI is experiencing severe shortages of its drones in the U.S. market, leading to speculation about its future in that region, although the company remains committed to the market [22][23] - Ningde Times emphasizes overseas expansion as a priority amidst fierce competition in the domestic electric vehicle market, highlighting concerns over unhealthy competition [34][35]

乘联分会：6月1-22日全国乘用车市场零售126.9万辆，同比增长24% 乘联分会数据显示，6月1-22日，全国乘用车市场零售126.9万辆，同比去年6月同期增长24%，较上月同 期增长8%，今年以来累计零售1,008.6万辆，同比增长11%；6月1-22日，全国乘用车厂商批发123.8万 辆，同比去年6月同期增长14%，较上月同期增长9%，今年以来累计批发1,202.8万辆，同比增长12%。 当地时间6月24日，比亚迪与欧洲钢铁制造商奥钢联集团（voestalpine）在奥地利维也纳签署合作协 议，voestalpine将为比亚迪匈牙利乘用车工厂供应钢材。 中国机电产品进出口商会孙晓红：今年我国汽车出口有望达700万辆 据中证金牛座，6月25日，在2025全球新能源汽车合作发展（上海）论坛上，中国机电产品进出口商会 汽车国际化专业委员会秘书长孙晓红表示，海关数据显示，去年我国汽车出口量达640万辆，按照10% 的增速预测，今年我国汽车出口规模有望达到700万辆。若汽车出口量保持10%以上的增速，到2030 年，我国汽车出口量有望达到1000万辆。 YU7价格会比SU7涨多少？雷军回应：大家一定会觉得是合理的 ...

本文来自微信公众号：电子工程世界 （ID：EEworldbbs），作者：付斌 在汽车芯片领域，一场前所未有的"冰火两重天"大戏正在上演。 曾经被视为"兵家必争之地"的汽车芯片市场，此刻有人黯然离场，又有人踌躇满志。可谓是"甲之蜜 糖，乙之砒霜"。 巨头纷纷退场 就在近期，国际上就发生了五起备受关注的巨头退出事件。 第一，英特尔即将关闭汽车业务，并裁减该部门大部分员工。6月25日消息称，该公司在给员工的一份 通知中表示："英特尔计划逐步停止英特尔架构汽车业务。"该公司还提到，会继续履行对现有客户的承 诺，但会裁减英特尔汽车部门的"大多数"员工。 汽车并非英特尔核心业务，陈立武上任CEO后一直也在强调英特尔要回归核心业务，不过有数据显示目 前有5000万辆汽车使用英特尔的处理器。值得注意的是，目前英特尔还掌握Mobileye多数股权，不过此 项决定似乎不会影响该公司运营；2024年初英特尔收购了电动汽车能源管理SoC公司Silicon Mobility。 第二，安霸(Ambarella)有意出售。6月25日消息称，安霸正在与银行家合作，并已接洽潜在买家。消息 传出后，该公司股价上涨21%，市值达到约26亿美元。该 ...

Core Insights - BYD has surpassed Tesla in unit sales in Europe, driven by new vehicle launches and declining demand for Tesla [1][5] - The company plans to release new vehicles rapidly, including the affordable Dolphin Surf EV priced under $25,000 [2][5] - BYD's aggressive product strategy includes launching six cars in less than a year, covering key segments of the European market [3][5] Vehicle Launch Strategy - BYD aims to launch new vehicles faster than any other automotive company in Europe [2] - The Dolphin Surf EV is highlighted as a crucial addition to compete with low-cost EVs in the region [2][3] - The company is also introducing luxury models under the Denza Yangwang brand [3] Sales Projections - BYD is projected to more than double its sales in Europe to approximately 186,000 units this year, with potential to reach 400,000 units in four years [6] - The company has already outsold Tesla in Europe and achieved a milestone by beating Tesla in global EV sales for the first time in 2024 [5][6] Manufacturing Expansion - BYD will begin production at a new manufacturing plant in Hungary by the end of 2025, enhancing production capacity and customization options [5] - Future models will increasingly cater to the European market, with a focus on regional specifications [6] Stock Performance - BYD stock closed at $98.56, down 2.28%, but has seen a year-to-date increase of 48% in 2025 [6]

投资者关系管理作为上市公司向市场传递核心价值、稳定市场预期的核心路径，是资本市场稳健运行的基石。由证券时报社主办的"上市 公司投资者关系管理天马奖"评选活动，始终聚焦上市公司投资者关系管理工作的动态演进与实践创新，每年遴选出150家在投资者关系管 理领域表现卓越的上市公司，树立行业标杆典范。此举旨在推动上市公司与投资者之间的深度双向互动，提升投资者关系管理的专业化水 平，为资本市场投资者关系管理工作的高质量发展注入强劲动力。 近日，第十六届上市公司投资者关系管理天马奖获奖名单正式揭晓。本文将围绕这 150家优秀公司展开深度剖析，全方位呈现它们在投资 者关系管理工作中的创新实践，以期为上市公司提供有益借鉴。 锦波生物、盐津铺子、珀莱雅等公司2024年净资产收益率指标创出新高。整体来看，大消费行业的公司都体现出了较强的盈利能力。 第三，成长性优异。150家公司表现出较强的发展潜力，一季度三分之二的企业净利润同比增长。以化工、能源、有色、采掘等行业为代 表的大化工行业营收增幅居前，金石资源、山东黄金等公司营收增幅超50%。AI浪潮兴起带动算力相关公司业绩，光迅科技、海光信息等 营收增幅超过50%。国货崛起潮带动大消 ...

星标 ★ IPO日报 精彩文章第一时间推送 6月23日，深圳承泰科技股份有限公司（下称"承泰科技"）向港交所提交上市申请书，独家保 荐人为国泰君安国际。 IPO日报注意到，两位华为前员工创立的这家毫米波雷达龙头公司尚未实现盈利，三年累亏约 1.98亿元，六年间融资3.5亿元，估值达到13.2亿元，但2024年底在手现金仅为1586.5万 元。 值得一提的是，承泰科技2024年有3.26亿元的收入，即超过93%的收入来自比亚迪。 AI制图 两华为前员工创业 承泰科技成立于2016年，由陈承文和周珂联合创立，是一家毫米波雷达的领先供应商。 招股书显示，陈承文现年45岁，于2005年11月至2009年7月的近四年间，任职于华为全资 子公司华为技术有限公司，目前任公司执行董事、董事会主席兼总经理，负责承泰科技的整 体发展战略、主要决策及整体管理； 周珂现年46岁，于2006年6月至2007年5月短暂任职于华为技术有限公司，现担任承泰科技 执行董事、副总经理兼首席技术官，负责公司的技术及战略规划、研发管理。 也就是说，承泰科技的两名联合创始人均出自华为。 创立不到两年，承泰科技就于2018年1月完成了天使轮融资，并在同 ...