Group 1 - Japanese automakers Toyota, Honda, and Nissan are collaborating with Chinese companies to develop smarter electric vehicles due to the rapid evolution of technology standards in China's electric vehicle market [1][2] - Toyota has designed its first electric sedan, the Platinum 7, specifically for the Chinese market, which features Huawei's HarmonyOS for its smart cockpit system [1] - Nissan and Honda are partnering with Chinese smart driving company Momenta to equip their new electric models, N7 and Ye, with advanced driver assistance systems tailored for the Chinese market [1] Group 2 - The three Japanese automakers began collaborating with Chinese companies in the 2000s, achieving record sales of 4.88 million units in China by 2020, but they are now lagging in the electric vehicle sector [2] - The total sales of these Japanese automakers in China have declined by approximately 30% from their peak as the demand for new energy vehicles grows [2] - The expertise gained in China is expected to help Japanese automakers compete better in other markets, as stated by Toyota's China General Manager [2]

Group 1 - BMW leads the automotive sector with a revenue of 525.57 billion, showing a growth of 10.46% [2] - Porsche follows with a revenue of 483.05 billion, reflecting a slight increase of 1.16% [2] - General Motors reports a revenue of 455.21 billion, with a growth of 2.22% [2] - Honda's revenue stands at 437.69 billion, marking a growth of 1% [2] - Maruti Suzuki's revenue is 436.15 billion, but it has seen a decline of 9.13% [2] - Mahindra's revenue is 407.7 billion, down by 5.16% [2] - Ford's revenue is 400.04 billion, with a minor decline of 0.8% [2] - Hyundai's revenue is 326.96 billion, down by 1.61% [2] - Tata Motors reports a revenue of 287.67 billion, down by 6.23% [2] - Seres has a revenue of 286.56 billion, with a decline of 2.17% [2] - Stellantis reports a revenue of 271.34 billion, showing an increase of 2.58% [2] - SAIC Motor's revenue is 247.15 billion, down by 2.22% [2] - Kia's revenue stands at 245.62 billion, with a growth of 1.39% [2] - Li Auto reports a revenue of 236.88 billion, down by 3.44% [2] - Great Wall Motors has a revenue of 229.53 billion, down by 1.99% [2] - Suzuki's revenue is 226.11 billion, down by 1.75% [2] - Geely's revenue stands at 205.77 billion, down by 1.83% [2] - Xpeng's revenue is 194.06 billion, with a significant decline of 6.96% [2] Group 2 - Renault's revenue is 153.4 billion, with a decline of 0.43% [3] - Changan's revenue stands at 145.73 billion, down by 1.43% [3] - Rivian reports a revenue of 141.71 billion, showing a growth of 5.95% [3] - Subaru's revenue is 135.46 billion, with an increase of 2.64% [3] - GAC Group's revenue is 107.63 billion, down by 4.03% [3] - JAC Motors reports a revenue of 105.35 billion, with a growth of 0.9% [3] - Hozon Auto's revenue is 104.71 billion, down by 0.17% [3] - Isuzu's revenue stands at 96.04 billion, with a growth of 1.19% [3] - NIO's revenue is 88.28 billion, down by 3.29% [3] - Ford Otosan's revenue is 84.71 billion, with a slight increase of 0.55% [3] - Nissan's revenue is 83.36 billion, showing a growth of 2.02% [3] - VinFast's revenue is 77.65 billion, down by 1.92% [3] - Leapmotor reports a revenue of 76.44 billion, with a growth of 2.1% [3] - Lucid Motors' revenue is 75.79 billion, showing an increase of 1.52% [3] - Volvo's revenue stands at 55.76 billion, down by 0.25% [3]

Core Viewpoint - Honda is transitioning towards electric and intelligent vehicles in China, emphasizing local partnerships and technology integration to adapt to the rapidly changing market [1][2][3]. Group 1: Transition to Electric Vehicles - Honda's strategy for 2024 focuses on accelerating the shift to electric vehicles, with a significant reliance on fuel vehicles still present [2][3]. - The company is currently in a "transition period," facing challenges as the fuel vehicle market contracts while electric vehicle production ramps up [2][3]. - Honda has launched its "Yay" brand with the introduction of two electric models, S7 and P7, which are now in production and sales [2][3]. Group 2: Collaboration and Localization - Honda plans to deepen collaborations with local Chinese companies, leveraging local speed and technology to enhance product offerings [1][3]. - The company has established partnerships with tech firms like Momenta, DeepSeek, and CATL to facilitate its transition to "smart electric integration" [1][3]. - Honda aims to utilize its existing technological expertise while integrating local resources to create competitive products tailored to the Chinese market [3][4]. Group 3: Safety and Performance - Safety remains a top priority for Honda, especially in electric vehicles, with significant focus on battery design and vehicle structure to enhance safety [5][6]. - The new GT model is designed to offer superior handling and performance, drawing on Honda's racing technology while ensuring driver safety and enjoyment [4][5]. - The vehicle incorporates advanced safety features, including 11 airbags, with careful consideration of deployment timing and conditions to maximize occupant protection [6][7].

此次合作标志着本田汽车在新能源和智能化领域的进一步拓展。与宁德时代的合作将聚焦于电池技术的创新与应用，旨在提升车辆的续航能力和 安全性。同时，与梦腾智驾的合作将助力本田在自动驾驶技术领域的竞争力，推动其智能化发展。 （ 来源：观点网） 01 ｜ 习近平主席：中国建成了全球最大、最完整的新能源产 业链 02 ｜ 又有锂电项目落地马来西亚！ 03 ｜ 创新高！国轩高科海外营收破百亿 04 ｜ 2025起点轻型动力电池及两轮车换电大会7月10-11日无锡 举办 往 期 回 顾 are 全球领导 的电子 2 2 2 台 服 务 内 容 FT 品牌服务 研究咨询 资本服务 政府服务 品牌 论坛 研究 数据 融资 Ibo 规划 招商 宣传 报告 调研 咨询 报告 服务 展会 服务 雷 销 会员 品牌 旋滑 豐拔 国专 政府 投资 定位 顾问 顾问 合作咨询 邱先生 189 3802 3176 2 12 2 1 1 1 1 2 - 2 1 - 2 - 2 1 - 2 T-T-TRULE 点轻型动力电池技术高峰论 20 品 ILT 25 第五届起点两轮车换甲7 果 系统 上 - 拓展新兴应用市场 码上参会 * 4月23日，本 ...

日本对美国的出口中 杉本贵司：美国特朗普政府对进口汽车加征关税对于日本汽车厂商来说是前所未有的逆风。 日本汽车产业曾三次遭遇美国兴起的保护主义，但之前每次都能将危机转化为发展的原动 力。第四次试炼也能"化危为机"吗？ 杉本贵司：美国特朗普政府已对进口汽车加征25%的关税。这对很多以美国为主要市场的 日本汽车厂商来说是前所未有的逆风。日本汽车产业曾三次遭遇美国兴起的保护主义，但之 前每次都能实现明显的进步。第四次试炼能否再次成为增长的动力呢？ 位于美国俄亥俄州马里斯维尔的本田工厂目前正忙于准备建立纯电动汽车（EV）和汽油 车的混流生产线。虽然设想将其作为纯电动汽车的枢纽基地，但目前纯电动汽车正遭遇逆 风。即便眼前的需求难以预测，本田仍在为能源转换做好充分准备。 汽车占到3成（川崎市） 第二次试炼是1995年。克林顿政府根据美国《贸易法》301条款决定对日本高档车征收 100%的关税。日本政府主张这违反了世界贸易组织（WTO）规则，虽然最终达成了协议，但 美国对日本汽车的警惕感之根深蒂固令人印象深刻。 在这一时期，由于泡沫经济的崩溃直接打击日本经济等原因，日本汽车厂商开始转向全球 化。2007年的海外产量首次超过 ...

Core Viewpoint - Honda has mandated a return-to-office (RTO) policy for its US-based employees, requiring them to work on-site at least 80% of their work week starting October 6, 2025, to foster collaboration and innovation in a competitive business environment [1][5][7]. Company Policy and Rationale - The decision for the RTO policy is driven by the need for increased collaboration and innovation, which Honda believes can be best achieved through in-person teamwork [5][7]. - The company emphasizes that spontaneous interactions among staff are critical for driving innovation and maintaining a customer-centric focus [2][7]. - Honda's leadership acknowledges the challenges associated with this workstyle change but believes it will strengthen the company for future competitiveness [4][10]. Implementation Timeline - Honda is providing a long timeline for associates to prepare for the transition, with the earliest date for reporting to the office being July 7, 2025 [3][9]. - The company is also evaluating how the RTO policy will impact facilities, including cafeterias and common spaces, to ease the transition for employees [3][9]. Employee Demographics - Honda employs approximately 30,000 associates in the US, with 75% working in manufacturing and 24% in sales, research and development, and finance [3].

本田此次选择的三家合作伙伴，分别指向智能化、AI交互与动力电池三大核心领域。与Momenta合作研 发的端到端大模型辅助驾驶方案，覆盖高速、城区、泊车等全场景功能，目标直指中国复杂的城市路 况。Momenta作为国内自动驾驶领域的头部企业，其技术积累与本地化数据优势，成为本田弥补智能驾 驶短板的捷径。 而深度求索（DeepSeek）的AI大模型接入，则意在提升语音交互的自然度与座舱智能化体验，这一布 局背后，是本田对中国用户"科技感"需求的精准捕捉。有调研显示，超过60%的中国消费者将智能座舱 视为购车关键决策因素。 在电动化领域，本田首次涉足磷酸铁锂路线，与宁德时代共同开发了磷酸铁锂电池及CTB（Cell to Body）一体化技术。相较于三元锂电池，磷酸铁锂在成本与安全性上的优势，可帮助本田降低中端车 型价格门槛，同时契合中国市场对电池安全的强监管趋势。据悉，该技术将率先应用于"烨"品牌第三款 车型，目标直指主流家用市场。 经观汽车 4月23日，2025年上海国际车展上，本田技研工业（中国）宣布与中国本土企业Momenta、深度求索 （DeepSeek）、宁德时代达成深度战略合作，标志着这家日系车企在中国 ...

Market Overview - US stock index futures are all down, with Dow futures down 0.47%, S&P 500 futures down 0.31%, and Nasdaq futures down 0.26% [1] - European indices also show declines, with Germany's DAX down 0.07%, UK's FTSE 100 down 0.04%, France's CAC40 down 0.14%, and the Euro Stoxx 50 down 0.18% [2] - WTI crude oil increased by 1.25% to $63.05 per barrel, while Brent crude rose by 1.03% to $66.80 per barrel [2] US Stock Market Insights - Jefferies highlights a critical point for the S&P 500 index at 5500, which needs to be breached to recover from a 19% drop since February's historical high [3] - Christopher Wood from Jefferies suggests that the golden era for US stocks is over, predicting further declines in US equities, bonds, and the dollar [5] Automotive Industry - Japanese automakers saw a surge in US sales in March, with Toyota's sales up 8% to 231,336 units, Honda's up 13%, and Nissan's up 10% [4] Company Earnings Reports - Merck's Q1 earnings exceeded expectations with sales of $15.5 billion, although they anticipate a $200 million loss due to tariffs by 2025 [9] - American Airlines withdrew its 2025 profit guidance, reporting a Q1 net loss of $473 million, worsened by tariff pressures and government spending uncertainties [9] - Procter & Gamble lowered its annual organic sales growth forecast from 3%-5% to 2% due to tariff pressures and fluctuating consumer demand [10] - Sanofi's Q1 earnings surpassed expectations, driven by strong demand for its Dupixent drug, with sales of €9.89 billion [10] - IBM reported Q1 sales of $14.5 billion, exceeding expectations, but concerns remain regarding the impact of tariffs and government spending cuts on business [11] - Texas Instruments provided a positive Q2 earnings outlook, with expected revenue between $4.17 billion and $4.53 billion, driven by improved demand in industrial and automotive sectors [12] Technology Sector - Google Chrome's potential market value is estimated at over $50 billion, according to competitors, amid ongoing antitrust scrutiny [13] - TSMC plans to begin production using A14 chip technology in 2028, aiming to maintain its leadership in the semiconductor industry [13]

智通财经APP获悉，代表美国最顶级汽车制造商、经销商以及汽车零部件供应商的多家影响力强大的汽 车行业组织周一联合致信特朗普政府高层，警告即将于 5 月 3 日生效的汽车零部件关税政策，再叠加已 经生效的汽车整车关税，将对美国汽车产业链造成毁灭性的重大打击。 据了解，此次联合致信的署名美国汽车行业联盟与委员会组织包括：美国汽车创新联盟、美国汽车政策 委员会、美国行驶汽车协会、机械及设备制造商协会、全美汽车经销商协会。以及美国国际汽车经销商 协会。这些联盟与委员会组织的成员乃美国汽车产业链的领军者们，包括福特、通用汽车以及斯特兰蒂 斯等美国汽车制造巨头们。 "对汽车以及零部件领域征收关税将打乱全球汽车供应链，引发多米诺骨牌效应——美国消费者购车价 格将大幅上升、经销商销量下降，车辆维修成本也将更加高昂且难以预测。"信中写道。 据了解，更新后的汽车零部件清单涵盖核心发动机、变速箱、锂离子电池等主要汽车零部件，以及轮 胎、减震器、火花塞线和制动软管等低价但关键的汽车配件。机构的粗略统计显示，2024年全年美国整 车汽车及零部件进口总额大约为4596亿美元。 上述联盟与行业组织代表的美国汽车制造与零部件企业包括：通用汽 ...

Core Insights - Honda China has announced a strategic partnership with Momenta to develop mass-production auxiliary driving solutions based on end-to-end large models, aiming to implement various driving assistance features in the Chinese market [1][3] - The collaboration will leverage Momenta's "Flywheel Large Model" technology, which integrates perception and planning capabilities, enhancing system reliability and stability in complex driving conditions [3][4] - The partnership is a significant move for Honda China in response to the automotive industry's shift towards electrification and intelligence, with plans for the electric brand "Yay" to launch the GT model featuring Momenta's technology [4] Group 1 - Honda China and Momenta will work together to create a comprehensive mass-production auxiliary driving system that covers all driving scenarios [3] - The end-to-end large model technology combines long-term and short-term memory data training architectures, mimicking human cognitive processes to address complex road conditions [3] - The first outcome of this collaboration is the global debut of the Yay brand's GT model at the Shanghai Auto Show, which will include intelligent driving assistance features [3][4] Group 2 - Honda's partnership with Momenta is seen as a crucial step in adapting to the rapid advancements in auxiliary driving technology in China [3][4] - Momenta has previously collaborated with other automotive companies, such as General Motors and SAIC, to reduce R&D costs and accelerate technology iteration through its "mass production flywheel" model [4] - The Yay brand's first models, Dongfeng Honda S7 and GAC Honda P7, have recently been launched, with the Yay GT expected to begin mass production in the second half of 2025 [4]