Core Viewpoint - Zhida Technology, a leading company in home charging stations, has officially listed on the Hong Kong Stock Exchange, marking the emergence of the "first smart charging stock" in the Hong Kong market [1] Group 1: IPO Details - In the IPO, Zhida Technology issued 5.9789 million shares at a final price of HKD 66.92 per share, raising a net amount of approximately HKD 327 million [2] - On its first trading day, the stock opened significantly higher, rising 183.92% from the issue price, and closed at HKD 195.5 per share, representing a 192.14% increase, giving the company a market capitalization of HKD 11.68 billion [2] - The public offering was oversubscribed by over 5,000 times, making it the most oversubscribed stock in the Hong Kong new energy sector this year [2] Group 2: Business Model and Product Offering - Zhida Technology is one of the largest suppliers of home electric vehicle charging solutions, focusing on providing smart home electric vehicle charging stations to automakers and users [3] - The product portfolio includes smart home electric vehicle charging stations, charging robots, EMS solutions, and pipeline products, serving as a key entry point for home digital energy management [3] - The company’s revenue sources primarily consist of product sales, service provision, and property, plant, and equipment [5] Group 3: Financial Performance - For the fiscal years 2022 to 2024 and the first quarter of 2025, Zhida Technology reported revenues of approximately CNY 697 million, CNY 671 million, CNY 593 million, and CNY 217 million, with corresponding gross profit margins of 20.4%, 20.5%, 14.9%, and 16.5% [6] - The revenue from product sales accounted for 58.5%, 47.8%, 51.3%, and 67.0% of total revenue during the same periods [9] - The company has shown a steady increase in revenue, with a year-on-year increase of CNY 339 million in 2022, largely driven by sales to its major client, BYD [13] Group 4: Client Dependency and Market Position - Zhida Technology has a high dependency on a few major clients, with revenue from the top five clients accounting for 65.8%, 69.6%, 56.1%, and 53.5% of total revenue during the respective periods [10] - The largest client, identified as BYD, contributed significantly to the company's revenue, with sales from this client increasing by CNY 212 million in 2022 [12][13] - Zhida Technology holds the largest market share in China for home electric vehicle charging stations, with a market share of 13.6% based on sales volume during the historical period [9] Group 5: Losses and Future Outlook - Despite revenue growth, the company has experienced increasing losses, reporting losses of CNY 25.15 million, CNY 58.12 million, CNY 236 million, and CNY 17.08 million for the respective periods [14] - The losses are attributed to fluctuations in average selling prices and gross profit margins influenced by market dynamics [14] - Zhida Technology is gradually expanding into overseas markets, with overseas sales revenue increasing from 1.9% in 2022 to 12.1% in 2024, and approximately 15% of revenue coming from overseas as of the first four months of 2025 [14][15]

Core Insights - BYD's Han Long Range version officially launched on October 11, 2025, focusing on six luxury dimensions: aesthetics, comfort, ecology, intelligence, safety, and efficiency [1] - The Han DM-i Long Range version offers a pure electric range of 245 kilometers and a fuel consumption of only 3.44L/100km, while the Han EV Long Range version has a lower energy consumption of 10.6kW·h per 100 kilometers [1][3] - The Han family has achieved cumulative sales of over one million vehicles, demonstrating a strong market presence [1] Product Features - The Han DM-i Long Range version includes four models priced between 159,800 to 189,800 yuan after subsidies, while the Han EV Long Range version has three models priced between 173,800 to 205,800 yuan [1] - New color options include Frosted Gold, Pine Shadow Green, and Distant Peak Blue, catering to the aesthetic preferences of younger consumers [5] - The interior features upgrades such as a laser-etched panel and high-quality leather materials, enhancing the luxury experience [7] Comfort and Technology - The Han Long Range version boasts a smart cooling and heating refrigerator, active noise cancellation technology, and a special anti-motion sickness system, creating a serene travel environment [9] - It is equipped with the DiLink 100 smart cockpit and integrates with Deepseek's large model, adding features like car interconnectivity and karaoke [11] - The vehicle includes a high-end intelligent chassis system, Cloud-Ride C, which adjusts suspension damping based on road conditions [12] Safety Enhancements - The Han Long Range version features the TBC high-speed tire blowout stability system, which enhances safety during high-speed driving [15] - The "Eye of God" driver assistance system supports various driving and parking scenarios, with a commitment to cover any safety issues arising from its use [14] Customer Services - BYD offers exclusive services for Han owners, including vehicle pick-up and drop-off services, and parking assistance at key locations [17] - The company plans to push OTA updates to improve fuel consumption for the Han DM-i, aiming to reduce it from 3.8L to 3.35L per 100 kilometers [17] - Special promotions are available for the Han EV 506KM model, including a limited-time discount and trade-in subsidies [17]

其中商用车9月产量为3,546辆，同比增长94.30%；本年累计产量为42,103辆，同比增长266.94%。9月销量为3,210辆，同比增长 75.97%；本年累计销量为41,284辆，同比增长259.8%。 出口方面，根据比亚迪商用车数据，上半年累计出口2082辆，同比增长45%，位列2025年上半年中国新能源客车出口销冠。 悉，新加坡公交巴士采购项目在标准、产品、技术等各项要求之严苛，一直处于全球前列。本次LTA也同步表示，得标联合体 需具备在外国混合交通和远程运营下提供自驾巴士服务的丰富经验，且业绩记录良好。 比亚迪商用车介绍，实现公交巴士的智能驾驶，离不开车辆自身和技术平台的良好"适配性"；而智能驾驶系统更在电子传感 器、运算能力、反应时间等因素上，对车辆自身性能有着更高要求。本次比亚迪（BYD）、MKX Technologies、蘑菇车联 （MOGOX）的联合中标，不仅是体现了新加坡对中国自动驾驶技术的认可，更有对纯电动巴士技术的认可。 数据显示，比亚迪9月新能源汽车产量为405,554辆，同比下降8.05%；本年累计产量为3,213,569辆，同比增长16.40%。9月新能 源汽车销量为396, ...

每经AI快讯，10月11日晚，比亚迪商用车官微宣布，比亚迪中标新加坡智驾巴士服务试点项目，也是 新加坡首个L4级自动驾驶巴士的官方项目。该项目由新加坡陆路交通管理局（LTA）主导，要求首批巴 士采用电动驱动，并计划于2026年年中率先在纬壹科技城一带的191号路线，以及滨海湾和珊顿大道的 400号路线，进行无人驾驶巴士的测试；试点期间，该巴士可载16名乘客，车费与一般巴士相同。 （文章来源：每日经济新闻） ...

Core Insights - BYD has won the bid for Singapore's first L4 autonomous bus project, marking a significant milestone in the region's transportation innovation [1] Group 1: Project Details - The project is led by the Land Transport Authority (LTA) of Singapore and requires the initial batch of buses to be electric [1] - Testing of the autonomous buses is scheduled to begin in mid-2026 on specific routes, including Route 191 in the One-North area and Route 400 in Marina Bay and Shenton Way [1] - Each autonomous bus will have the capacity to carry 16 passengers, with fares set to be the same as regular buses [1]

Core Viewpoint - BYD's Han Long Range version has been officially launched, focusing on luxury upgrades across six dimensions: aesthetics, comfort, ecology, intelligence, safety, and efficiency [1] Product Features - The Han DM-i Long Range version offers a pure electric range of 245 kilometers, with a low fuel consumption of 3.44L/100km when the battery is depleted, and a comprehensive range of 1560 kilometers [3] - The Han EV Long Range version features a new eight-in-one intelligent electric drive system, starting with a pure electric range of 635 kilometers and reaching up to 705 kilometers, with a 0-100 km/h acceleration time of 6.9 seconds and a power consumption of 10.6 kW·h per 100 kilometers [3] Aesthetic and Comfort Upgrades - The Han Long Range version introduces three new colors: Frosted Gold, Pine Shadow Green, and Distant Peak Blue, catering to the aesthetic preferences of younger consumers [5] - The interior has been upgraded with high-quality materials, including a laser-etched panel on the dashboard and easy-to-clean leather materials, enhancing the overall luxury experience [7] Comfort Features - Key comfort features include a 4.5-liter intelligent cooling and heating refrigerator, active noise cancellation technology, and a smart anti-motion sickness system, creating a serene travel environment [9] - The vehicle is equipped with the DiLink 100 intelligent cockpit, which integrates new functionalities such as hand-car connectivity and karaoke without a microphone [11] Safety Enhancements - The Han Long Range version is equipped with the TBC high-speed tire blowout stability system, which enhances safety during high-speed driving by providing immediate response to tire blowouts [17] - The vehicle also features the "Eye of God" driver assistance system, supporting various driving and parking assistance functions, with a commitment to cover any safety issues arising from the system [15] Customer Services - BYD offers exclusive services for Han owners, including vehicle pick-up and delivery services, and parking assistance at key locations such as train stations and airports, all free of charge [19] - The company is also providing promotional offers, including a 10,000 yuan reduction on the final payment for the Han EV 506KM model, along with a 10,000 yuan super replacement subsidy until October 31 [19]

当晚，比亚迪王朝网发布新车汉DM-i长续航版和汉EV长续航版，补贴后售价15.98万起。路天介绍，新 车升级搭载TBC高速爆胎稳行系统、云辇-C智能阻尼车身控制系统等。当车辆在高速（至高190km/h） 行驶过程中爆胎时，爆胎专属硬件会毫秒级响应，并将车辆爆胎信息传输给整车智能底盘控制系统，实 现横纵垂三向的爆胎稳定控制，提升行车安全性。针对搭载第五代DM技术的汉DM-i，比亚迪将陆续推 送油耗OTA（远程升级），让车辆百公里亏电油耗从3.8升降低至3.35升。 编辑 岳彩周 新京报贝壳财经讯（记者张冰）10月11日晚，比亚迪王朝网销售事业部总经理路天在比亚迪汉长续航版 上市发布会上表示，比亚迪汉家族车型交付5周年，累计销量突破100万辆。针对搭载第五代DM技术的 汉DM-i，比亚迪将陆续推送油耗OTA（远程升级），让车辆百公里亏电油耗从3.8升降低至3.35升。 校对 付春愔 ...

比亚迪董事长兼总裁王传福向巴西总统卢拉交付比亚迪第1400万辆新能源汽车 比亚迪 这辆宋Pro下线于比亚迪巴西乘用车工厂，并且也是比亚迪第1400万辆新能源汽车。 把下线仪式放在南美，对于比亚迪而言，本身就是一次宣言——它要让世界看到，中国新能源汽车的全 球化，已经从"出口"进入"扎根"。 卢拉、王传福与比亚迪巴西卡马萨里工厂员工合影 比亚迪 在里程碑背后，是一个更值得被观察的问题：当中国车企开始在海外落地生产、塑造品牌、融入社会， 它们究竟在构建怎样一种新的产业关系？ ► 文 观察者网 周盛明 当地时间10月9日，比亚迪迎来了一位"总统车主"——巴西总统卢拉成为比亚迪宋Pro的车主。 如今的比亚迪，已是巴西最具影响力的汽车品牌之一。 公开数据显示，今年1—5月，比亚迪在巴西纯电市场份额达到92.16%，混动市场份额为35.8%。9月单 月销量突破1万台，前9个月累计超7.7万辆，连续两年位居巴西新能源汽车市场首位。 比亚迪的崛起速度惊人，却并非偶然。正如比亚迪董事长兼总裁王传福在现场所说："比亚迪在巴西， 不仅是投资者，更是长期的伙伴。" 王传福现场致辞 比亚迪 从2014年第一家电动巴士工厂起步，到如今的 ...

Core Insights - BYD's Han Long Range Edition was officially launched on October 11, 2025, focusing on six luxury dimensions: aesthetics, comfort, ecology, intelligence, safety, and efficiency [1] - The Han family has achieved cumulative sales of over one million vehicles, establishing a significant market milestone [1] Group 1: Powertrain and Efficiency - The Han DM-i Long Range Edition features the fifth-generation DM technology, achieving a pure electric range of 245 kilometers and a low fuel consumption of 3.44L/100km, with a comprehensive range of 1560 kilometers [2] - The Han EV Long Range Edition offers a starting pure electric range of 635 kilometers, reaching up to 705 kilometers, with a 0-100 km/h acceleration time of 6.9 seconds and an energy consumption of 10.6 kW·h per 100 kilometers [2] Group 2: Aesthetics and Comfort - The Han Long Range Edition introduces three new colors: Frosted Gold, Pine Shadow Green, and Distant Peak Blue, catering to the aesthetic preferences of younger consumers [3] - The interior features upgrades such as a laser-brushed panel and high-quality materials, along with a fully upgraded electronic gear shift for a premium cabin atmosphere [3] Group 3: Smart Features and Safety - The vehicle is equipped with the DiLink 100 smart cockpit and integrates Deepseek's large model, enhancing connectivity and entertainment options [4] - The Han Long Range Edition includes a TBC high-speed tire blowout stability system, which enhances safety during high-speed driving by providing real-time responses to tire blowouts [6] Group 4: Intelligent Ecosystem - The vehicle integrates with various smart products for family travel, ensuring comfort and safety for users [5] - The Han Long Range Edition features the Yunlian-C intelligent damping control system, which adjusts suspension based on real-time road conditions [5]

2025年10月11日，比亚迪汉长续航版正式上市。新车聚焦美学、舒享、生态、智能、安全、效能六大维度豪华进阶。汉DM-i长续航版纯电续航提升至245公 里，亏电油耗仅3.44L/100km，汉EV长续航版百公里电耗更低至10.6kW·h。同时新车升级搭载TBC高速爆胎稳行系统、云辇-C智能阻尼车身控制系统等，并 带来全新车色、内饰用料与舒享配置全面升级。 作为中国品牌向上突破的时代标杆，比亚迪汉家族始终致力于为用户打造高品质出行体验。至今，汉家族累计销量已超百万辆，树立了重要的市场里程碑。 在此基础上，全新推出的汉长续航版，正是汉家族深度践行"用户思维"、回应市场需求的又一诚意力作。 动力系统技术跃升，彰显百万硬实力 汉长续航版直面用户核心关切，在续航与能耗上实现重大突破。汉DM-i长续航版全系标配第五代DM技术，通过首发动力域控7合1系统，纯电续航达到245 公里，轻松满足用户一周通勤零油耗需求。而3.44L/100km超低亏电油耗、1560km综合续航里程，更让用户畅享"跨省出行不焦虑"的诗和远方。 生态、智能齐发力，诠释百万智慧实力 新车着眼于家庭出行的真实场景，深度整合的智能生态尤为亮眼，与好孩子智能 ...