6月25日下午，方程豹汽车深圳罗湖4S店开展了一场丰富的媒体体验日活动。作为比亚迪旗下的新能源 个性品牌，方程豹汽车的技术实力和驾乘体验，让现场参加活动的各位媒体老师连连称赞。 方程豹的实力究竟如何，真体验才有真感受。活动现场，媒体分成多组进行试乘试驾，体验了方程豹 5、豹8以及钛3三大明星车型。跟随试车员一起，在门店安排的专属试乘试驾路线上，深度体验到属于 方程豹汽车的硬核实力。结束后，大家纷纷为方程豹汽车的驾乘体验点赞，空间大，舒适度高，智能化 技术强。更有媒体老师感叹，比亚迪目前的品牌中高端化不断加速，市场已经给出了答案。 方程豹区域经理刘杰林首先向大家介绍了方程豹家族三款车型，豹5、豹8和钛3组成的产品矩阵和技术 亮点。豹5作为方程豹的明星车型之一，豹5智驾版拥有2大智能科技，用户可选择搭载华为乾崑智驾 ADS 3.0版本以及比亚迪自研的天神智驾版本，豹8则全系搭载华为乾崑智驾ADS 3.0智能驾驶辅助系 统。方程豹5、豹8依托比亚迪自研的DMO电驱越野开创平台和云辇-P液压悬架系统，打造智能硬派越 野旗舰，让越野全面进入电动、智能新时代。 方程豹钛3是方程豹为加强紧凑型SUV车型市场布局所推出的一款 ...

金十图示：2025年06月27日（周五）富时中国A50指数成分股午盘收盘行情一览：银行股多数飘绿，保险、酿酒、半导体等多个 板块全线下跌 -0.14(-2.4/%) -0.20(-2.28%) -0.08(-1.8/90) 保险 中国太保 中国平安 12,000 中国人保 ■ 3909.40亿市值 3596.08亿市值 10452.67亿市值 6.80亿成交额 21.21亿成交额 6.52亿成交额 37.38 57.40 8.84 -0.26(-0.69%) -0.18(-0.31%) -0.16(-1.78%) 酸酒行业 贵州茅台 山西汾酒 五粮液 17781.48亿市值 2177.51亿市值 4645.90亿市值 18.80亿成交额 4.15亿成交额 9.29亿成交额 119.69 1415.50 178.49 -4.50(-0.32%) -1.16(-0.65%) -0.04(-0.03%) 半导体 北方华创 寒武纪-U 海光信息 HYGON 2335.32亿市值 2495.31亿市值 3267.55亿市值 8.54亿成交额 31.06亿成交额 13.67亿成交额 597.74 140.58 436.9 ...

截至6月26日，市场融资余额合计1.83万亿元，较前一交易日增加93.30亿元，这已经是融资余额连续4个 交易日持续增加，其中，沪市融资余额9202.44亿元，较前一交易日增加34.35亿元；深市融资余额 9005.43亿元，较前一交易日增加57.14亿元；北交所融资余额57.66亿元，较前一交易日增加1.81亿元。 证券时报·数据宝统计显示，具体到个股，6月26日共有2094只股获融资净买入，净买入金额在千万元以 上的有534只，其中21只融资净买入额超亿元。国泰海通融资净买入额居首，当日净买入4.73亿元，其 次是拉卡拉、新易盛，融资净买入金额分别为3.35亿元、2.75亿元，融资净买入金额居前的还有比亚 迪、新国都、宏创控股等。 分行业统计，获融资客净买入超亿元个股中，非银金融、计算机、通信等行业最为集中，分别有4只、4 只、3只个股上榜。板块分布上，大手笔净买入个股中，主板有11只，创业板有10只。 融资客大手笔净买入个股中，从最新融资余额占流通市值比例看，算术平均值为5.03%，融资余额占比 最高的是江淮汽车，该股最新融资余额83.74亿元，占流通市值的比例为9.36%，融资余额占比较高的还 有东方 ...

Core Viewpoint - The tourism sightseeing vehicle industry in China is experiencing significant growth, with the market size expected to reach 541 million yuan in 2024, representing a year-on-year increase of 36.5% [1][11]. Group 1: Industry Overview - Tourism sightseeing vehicles are essential in modern tourism, providing convenient transportation and enhancing the travel experience for tourists [1][11]. - The demand for sightseeing vehicles is increasing, particularly in popular tourist areas and cities, driven by the continuous prosperity of the domestic tourism market [1][11]. - The industry is expected to see upgrades and replacements of older vehicles due to performance and safety concerns, further driving market growth [1][11]. Group 2: Industry Chain - The upstream of the tourism sightseeing vehicle industry includes suppliers of raw materials and core components, such as steel, aluminum, plastic, rubber, and glass, which are crucial for manufacturing [5]. - The midstream involves the production and assembly of sightseeing vehicles, where manufacturers utilize advanced production equipment and quality control systems [5]. - The downstream application of sightseeing vehicles primarily occurs in tourist attractions [5]. Group 3: Market Dynamics - The number of A-level tourist attractions in China is projected to reach 16,541 in 2024, an increase of 820 from 2023, which will likely boost the demand for sightseeing vehicles [9]. - Sightseeing vehicles are particularly beneficial for tourists visiting multiple attractions, as they reduce physical exertion and time consumption [9]. Group 4: Competitive Landscape - The Chinese tourism sightseeing vehicle market features diverse competition, with established automotive manufacturers and specialized sightseeing vehicle manufacturers as key players [13]. - Notable companies in the industry include BYD, Yutong Bus, Xiamen King Long, Zhongtong Bus, and Anhui Ankai, which are primarily located in Guangdong, Henan, Fujian, Shandong, and Anhui [13]. Group 5: Industry Trends - The trend towards electrification is prominent, with electric sightseeing vehicles becoming mainstream due to their zero emissions and low noise, aligning with global environmental goals [20]. - The industry is also witnessing advancements in smart technology, enhancing the driving and management of sightseeing vehicles, which improves operational efficiency and visitor satisfaction [21]. - Customization is becoming increasingly important, with manufacturers offering tailored services to meet diverse consumer needs, including unique designs for different themes and accessibility features [22].

港股汽车股多数低开，小鹏汽车(09868.HK)开跌3.71%，比亚迪股份(01211.HK)开跌2.15%，理想汽车 (02015.HK)、零跑汽车(09863.HK)、吉利汽车(00175.HK)等多股低开。 ...

Core Insights - Despite a slowdown in demand for pure electric vehicles, the overall demand for power devices is on the rise, driven by hybrid electric vehicles (HEV and PHEV), photovoltaics, battery energy storage systems (BESS), data center power (especially for AI services), electric vehicle DC chargers, and railway and high-voltage direct current transmission projects [1][4][6] - The global power electronics market is expected to grow steadily, with a projected increase of over $15 billion by 2030, fueled by electric vehicles, renewable energy, and industrial applications [1][4] - The market share of power modules is rapidly increasing, but power discrete devices will continue to dominate the market, with the automotive and mobility sectors remaining the largest segments [1][4] Market Dynamics - The leading position of the top 20 global power device suppliers is still held by companies from the EU, US, and Japan, including Infineon, ON Semiconductor, STMicroelectronics, and Mitsubishi Electric, while Chinese companies are increasing their influence and market share [3][4] - Infineon, STMicroelectronics, and ON Semiconductor remain the top three manufacturers, holding significant shares in both discrete devices and modules [4][6] Strategic Shifts - The power electronics industry is facing a reality check, necessitating strategic adjustments to align with changing market conditions, including a focus on cost competitiveness, a shift from vertical integration to more flexible business models, and increased importance of multi-sourcing [6][9] - Companies are gradually phasing out underperforming enterprises, implementing layoffs and restructuring, and shifting investment priorities [6][9] Technological Advancements - The industry is witnessing a transition towards larger diameter wafers and local manufacturing strategies, with a growing interest in medium voltage levels and ultra-high voltage applications [9][10] - New, more powerful device types are emerging, such as bidirectional GaN devices and SiC superjunction MOSFETs, with a trend towards advanced cooling technologies and modular power converter architectures [10][11] Future Outlook - The demand for SiC and GaN solutions is expected to grow rapidly due to the increasing need for efficient and high-density power systems driven by electric vehicles and renewable energy [1][4][9] - The industry is evolving with new entrants, regional adjustments, and the reshaping of competitive dynamics due to the rise of compound semiconductor materials like SiC and GaN [9][10]

企业层面应进行三重转型：首先，企业必须聚焦核心技术的创新突破，增加研发投入，尤其是在前沿技 术领域。例如，华为每年将约20.8%的营收投入研发，累计研发投入超1.2万亿元，这种持续的创新投入 显著增强了企业的核心竞争力；其次，推动产业链生态共建，强化上下游合作，避免重复建设，提升整 体效率和协同效应。车企可以借鉴比亚迪与合作伙伴共同建设闪充桩的做法，通过整合产业链资源，避 免无效竞争，提升资源利用效率；最后，加速全球化战略布局，尤其是本土化研发，突破国际贸易壁 垒，提升全球竞争力。企业要充分利用国内外市场差异化的优势，优化产品定位，增强抗风险能力。 企业的"生存焦虑"直接诱发创新惰性。面对成本上升与股东对短期回报的苛求，研发沦为最先被压缩的 开支：原本计划投入的智能驾驶迭代资金，不得不挪用于补贴终端促销，如2024年部分车企因价格战压 力，直接削减了智能网联等关键技术研发预算；零部件供应商也因整车厂的采购压价，被迫在材料替 代、工艺简化上不断突破底线，以某核心部件为例，过去三年，Tier1供应商被迫将其成本压缩，导致 研发投入占比下降。自主创新动力的衰竭，致使汽车行业深陷"千车一面"的同质化泥潭，"价格战"沦 ...

Core Viewpoint - The article emphasizes the rapid evolution of steering systems towards electronic and drive-by-wire technologies, highlighting the transition from traditional mechanical systems to advanced electronic control systems, which are essential for higher levels of autonomous driving [1][2][3]. Group 1: Steering System Current Status - The current mainstream steering solution is Electric Power Steering (EPS), which has a domestic penetration rate expected to reach over 99% by 2024, with a market size of approximately 38 billion yuan [3][48]. - The ASP (Average Selling Price) of steering systems is increasing, with C-EPS priced around 1000 yuan, R-EPS at 2000 yuan, and SBW (Steer-by-Wire) expected to reach 4000 yuan [3][23]. - The market is currently dominated by foreign joint ventures, with Bosch and Huayu holding a 27% market share, followed by domestic players like Nissin and Zhejiang Seabow rapidly increasing their market presence [3][29][56]. Group 2: Transition to Drive-by-Wire Systems - The transition to drive-by-wire systems is marked by the introduction of SBW, which replaces mechanical connections with electronic signals, allowing for faster response times and more compact vehicle designs [5][20][95]. - The penetration rate of SBW is currently below 1%, but it is projected to exceed 30% by 2030, with a market size exceeding 35 billion yuan [5][20][26]. - Major automotive manufacturers, including NIO and BYD, are accelerating the adoption of SBW systems, with NIO's ET9 being the first to implement this technology [5][20][26]. Group 3: Future Outlook and Market Potential - The overall EPS market is expected to grow from 38 billion yuan in 2023 to 48 billion yuan by 2028, driven by the increasing adoption of advanced steering technologies [53][54]. - The global market for SBW systems is anticipated to exceed 800 billion yuan by 2030, reflecting the growing demand for higher levels of autonomous driving capabilities [5][20][26]. - The regulatory environment is becoming more favorable for the deployment of autonomous vehicles, with new regulations in China and the U.S. facilitating the testing and commercialization of robotaxi services [76][78][81].

小米汽车：首批"人车家全生态"合作伙伴包括比亚迪、广汽丰田、郑州日产 金十数据6月26日讯，小米集团董事长雷军在发布会上宣布与行业携手打造更开放、更全面的"人车家全 生态"，首批合作伙伴包括比亚迪、广汽丰田、郑州日产。 订阅新能源汽车动态 +订阅 跟踪小米集团动态 +订阅 ...

智通财经6月26日电，小米宣布与行业携手打造更开放、更全面的"人车家全生态"，首批合作伙伴包括 比亚迪、广汽丰田、郑州日产。 ...