感谢大家参加本次会议会议即将开始,请稍后 各位领导大家下午好然后欢迎大家参加我们今天下午的这个乘用车整齐度跟踪电话会议那么专家首先我想请教一下就是春节在期之后目前我们跟踪下来的这个到店客流量包括订单情况恢复的怎么样这周因为是今天周日昨天是周六嗯从我们更新过年差不多吧 对整个假期期间的高峰是从年初三到年初六年初七开始就回落往年也这样嗯如果给个指标的话像在年初五初六前后像商场的这种新闻店单店日的定间量有效性可能在十到十五的话最近最近这一周啊就是到到算到今天吧 2月3号到现在日经电站大概下滑了50%对只有五个左右五个到八个左右订单官网的官网程序会比较多一些吧他的官网新产品价格占了对还有不接政策所以这最近这一周的订单叫春节期间订单是偏弱的那么跟往年来比基本是持平 但春节期间的订单往年要跑大概15%到20%就是像现在那个24年因为比特币加还有春节提前这些因素的影响就有一些需求的透支嘛 然后现在整个就是国家方面已经换新政策这个大的原则已经确定了现在就是从消费者的角度他们的这个心理啊还有中端需求往后怎么看还是就目前还是观望情绪比较比较重一些对因为落地的政策需要时间解读吧大部分我看我们这个区整个防区的政策都是在17 18 2 ...

这个这个多膜菜这方面的话呢那DeepSeek的这个可以实现这个感知能力的一个增强那么同时的话呢也可以实现这个决策或者因果推理的话呢进行一个一个一个加强其他话再一个像这个动态高级地图的构建的话呢也可以实现这个速度的一个增快等等那在车企端的我们也看到吉利汽车那这个是2月6号呢其实就公布 是这个国内首家跟DeepSeek合作的一个车企那我们预计的话呢他跟这个DeepSeek的合作的话呢主要是采用了这个可能是支持中流的一个手段那其中的一些运用的话呢基本上也是前面刚刚提到的多摩擦能力的这个增强以及训练成本的一个更低那综合这个前面包结支架的深度率的变化包括这个DeepSeek对这个 整个行业的一个影响的话我们预计在二五年的话这一块肯定会是一个比较大的一个关注的一个点那么再一个的话应该就是同样也是围绕支架再一个就是比亚迪9号10号的支架发布会了我们预计这一次的话应该主要是会对于支架平权或者说 对于像比亚迪的10到20万的一些主流价格带的产品的话会上中阶制价的一个版本这个块的话其实对于消费者相当于来讲的话对于教育消费者的用户的习惯来讲的话应该会是起到一个比较大的帮助或者比较大的一个促进 去年比亚迪的总体销量的话大概是在430 ...

Summary of Conference Call Company and Industry - The conference call pertains to Guohai Automotive, focusing on the automotive industry Core Points and Arguments - Guohai Automotive reported that the terminal sales in September exceeded expectations, indicating a strong market performance [1] - The company anticipates that the positive market sentiment will continue to strengthen in the future [1] Other Important but Possibly Overlooked Content - All participants in the call expressed a state of panic, suggesting potential concerns or uncertainties within the team [1]

获取更多调研技药请关注微信公众号或者知识星球股市调研ready to startplease remain on the line大家好欢迎参加东吴汽车2024年汽车框调培训027乘用车研究框架目前所有的参观者均处于静音状态下面开始播报名字声明声明播报完毕后主讲人可直接开始发言谢谢 东吴证券研究所提醒您本次电话会议即面向聚购投资者或受邀客户第三方专家发言内容仅代表其个人观点所有信息或所表述的意见均不构成对具体证券在具体价位具体时点具体市场表现的判断或投资建议未经合法授权严禁录音转发及相关解读涉嫌违反上述情形的 我们将保留追究法律责任的权利感谢您给予的理解和配合谢谢各位同事大家早上好我是东正圈的汽车分析师黄细里非常感谢大家能够继续参加我们基本财经呃无期二十八天的这个呃汽车系统性的一个框架培训那么今天是第二期啊是关于全车的这个具体的研究框架 因为关于乘车这块我们其实在第一期其实也花了比较多篇幅在认识体系上面谈了一些我们自己的一些看法吧然后今天我就可能会更偏落地一些吧就史朝层面我们对于乘车这块到底是什么这个视角去做平时的跟踪的一个工作的 对那么这块呢其实我们在过去这几年其实也每年都有讲我觉得今年跟前面其实还是有蛮大 ...

各个人严禁录音转发及相关解读,涉嫌违反上述情形的,我们将保留追究相关方法律责任的权利。各位投资者大家早上好,我是国产证券的旗舰分析师刘伟,那今天我给大家介绍一下我们权融社板块对于整个下半年的一个统计机会的一个展望。 那我今天汇报的话呢主要分为三个部分一个是整个上半年的一些行业基本面的一些回顾第二个的话呢是呃下半年来看的话我们行业的一些重要的编辑变化以及这个下半年新车的一些展望那么最后一块的话呢是板块的投资建议那么整体用时大概30分钟左右吧那么首先是整个上半年的回顾那么从上半年的一个情况来看的话呢我们认为整个 整个板块上半年的话主要的基本面的变化有三点第一点的话是整个价格战的趋势上来看的话其实是已经开始一个边际收拢的一个状态了第二个的话是行业需求的总量上来看的话其实整个上半年依然是一个前高后低的一个状态然后第三点的话从格局上来看的话基本上整个上半年 还是整个比亚迪华为和小米这边相对来说会更加受益一些那么其中除了新世纪区外车企里面的话呢基本上是比亚迪一家独大的一个状态 那首先我们来看一下整个价格战的一个趋势啊 那我们知道这一轮价格战其实是从整个去年的1月份这个的不拉打不降价开始的 那么整体上来看的话呢 整个的一个 ...

动物证券研究所提醒您本次电话会议仅面向机构投资者或受邀客户第三方专家发言内容仅代表其个人观点 所有信息或所表述的意见均不构成对具体证券在具体价位具体时点具体市场表现的判断或投资建议未经合法授权严禁录音转发及相关解读涉嫌违反上述情形的我们将保留追究法律责任的权利感谢您给予的理解和配合谢谢 各位领导晚上好我今天来汇报一下我们对日本乘车最新的一个复盘的一个专题也是我们针对乘车出口这边完成的第四篇报告那前面几篇报告主要解决的是从国内的视角去看出口的上空间以及目前可能遇到的一些问题那这篇报告想要解决的问题主要就是去看一下日本当年在什么时候在什么背景下面遇到了贸易出口的瓶颈 以及当时日本车企是如何应对的然后整体的汇报时长应该是在15到20分钟左右然后首先从结论来看的话就是在日本当年贸易出口量达到这个500万辆级的时候日本开始面临 以美国为代表的一些国家的一些反击然后这些反击可能包括要求日本车企去进行出口量的限制或者是直接加关税那日本车企面对这种环境它所采取的应对方式包括它确实有自主限制出口量然后同时在全球各地进行资本开支然后去进行产能投放然后同时当时也出现了一些跨国车企之间的收并购互相持股 这样一个 兼并跟收购吧以史为鉴 ...

Financial Data and Key Metrics Changes - The report highlights the overall growth trend in the Southeast Asian automotive market, indicating a significant increase in consumer purchasing power and market potential [65][70] - The automotive industry in Southeast Asia is expected to experience a new peak driven by economic recovery and replacement demand, with historical sales levels being approached [70] Business Line Data and Key Metrics Changes - The report emphasizes the importance of product localization, with Japanese automakers tailoring their offerings to meet the specific preferences of Southeast Asian consumers, such as pickups in Thailand and MPVs in Indonesia [24][41] - The market share of Japanese automakers in Southeast Asia remains dominant, with a reported 68.1% market share in 2023, showcasing their strong presence in the region [28] Market Data and Key Metrics Changes - The automotive demand in ASEAN countries has been rapidly increasing, with significant growth in vehicle ownership per thousand people, particularly in Thailand, Malaysia, and Indonesia [21][24] - The report notes that the electric vehicle market in Southeast Asia is still in its infancy, with traditional fuel vehicles being the primary focus for Japanese automakers [44] Company Strategy and Development Direction - The strategy for entering the Southeast Asian market includes establishing local production facilities, enhancing dealer networks, and leveraging local partnerships to build brand influence [4][35] - Japanese automakers are focusing on a comprehensive localization strategy, which includes not only vehicle assembly but also local parts production to reduce costs and improve delivery efficiency [49][51] Management Comments on Operating Environment and Future Outlook - The management comments on the favorable economic conditions in Southeast Asia, which are expected to enhance the automotive market's growth potential, particularly as the middle class expands [65][70] - There is an acknowledgment of the challenges posed by the competitive landscape and the need for continuous adaptation to local market conditions [5][65] Other Important Information - The report outlines the risks associated with the automotive market, including potential declines in demand for new energy vehicles and the impact of trade protectionism in export regions [5] - The importance of establishing a robust after-sales service network and financial services to enhance customer loyalty and brand recognition is emphasized [56][59] Q&A Session Summary Question: What are the key factors driving the growth of the automotive market in Southeast Asia? - The growth is driven by stable economic conditions, increasing consumer purchasing power, and a significant potential for vehicle ownership expansion in the region [65][70] Question: How are Japanese automakers adapting their strategies for the Southeast Asian market? - Japanese automakers are focusing on product localization, establishing local production facilities, and enhancing dealer networks to better meet local consumer preferences [4][35][41] Question: What challenges do Japanese automakers face in the Southeast Asian market? - Challenges include competition from local and international brands, potential declines in demand for new energy vehicles, and the need to navigate trade protectionism [5][70]

Summary of Conference Call Industry Overview - The conference call involved discussions related to the passenger vehicle sector, with a focus on market conditions in Europe [1]. Key Insights and Arguments - An expert was invited to provide insights on the terminal situation in the passenger vehicle market, indicating a collaborative approach to understanding current trends [1]. - The call aimed to review the performance in the first and second quarters of the year, suggesting a focus on recent market developments and financial results [1]. Additional Important Content - The involvement of a seasoned European expert highlights the importance of specialized knowledge in analyzing market dynamics [1]. - The structure of the call indicates a methodical approach to dissecting industry performance, which may reveal underlying trends and potential investment opportunities [1].

会议然后本次我们请到了这个比较资深的欧洲专家帮我们来拆解一下乘客车方面的终端的情况那么先由我来去有一些这个客车方面的问题去请专家帮我们解答一下专家能听到吗可以的我们可以开始好的好的好的那么第一块就是还请您帮我们大概复盘一下今年一季度二季度您看到的 欧洲客车的招标情况包括新能源的招标情况最好有具体的数字您帮我们大概梳理一下 OK是这样的整个欧洲的话目前在整个客车市场上现在是从总的来讲比去年是有一个大幅的上升或者说过去这两三年其实整个客车的行情都是不错的从我们招标来讲的话具体的数据表现就是一季度的话是整个欧洲的话跟去年比2023年一季度大概招标是招标大概在2300台 然后呢整个这个一季度的2024年经典的话达到了3300台所以这个你可以大概可以大概是50%的这么一个增长二季度呢的增长它总量上没有一季度那么大但是增长数也是比去年的一季度也要上升不少的去年的二季度的话是招标量是1650台然后就 今年的二季度是2547是54%的这么一个增加所以按照目前这个趋势来看的话今年比去年可能会有一个大概是50%增加今年的这个招标量我们预计能达到一万到一万两千台左右这大概的一个情况看这块有没有什么更详细想了解的 您是说一万到一万两 ...

Industry Overview - The overall passenger car market sales in May were 1.702 million units, a year-on-year decrease of 3.1%, marking the fourth consecutive month of decline [4] - The new energy vehicle (NEV) market sales in May were approximately 784,000 units, a year-on-year increase of 39.9%, significantly outperforming the overall market [4] - NEV sales accounted for 46.1% of total passenger car sales in May, an increase of 14.2% compared to the same period last year [4] NEV Market Performance - Pure electric vehicle sales in May were approximately 483,000 units, a year-on-year increase of 26.7% and a month-on-month increase of 18.3% [6] - Plug-in hybrid vehicle sales in May were approximately 301,000 units, a year-on-year increase of 68.1% and a month-on-month increase of 13.7% [6] - The cumulative NEV sales from January to May 2024 reached 3.196 million units, a year-on-year increase of 39.9% [6] NEV Manufacturer Rankings - The top 10 NEV manufacturers accounted for approximately 70.0% of the market share in May, with BYD leading the market [9] - Tesla (China) surpassed SAIC-GM-Wuling to regain the second position, while NIO replaced JiKe in the top 10 [9] - BYD's cumulative sales from January to May reached 1.026 million units, with a market share of 32.1% [10] NEV Market by City - The top 10 cities accounted for 27.9% of NEV sales in May, with Hangzhou, Xi'an, and Guangzhou being the top three cities [12] - Xi'an replaced Zhengzhou in the top 10, with a NEV penetration rate of 66.2%, the highest among the top cities [12] - Personal users dominated the NEV market in the top 10 cities, with a share of 85.6% in Hangzhou [13] Pure Electric Vehicle Market - The top three segments in the pure electric vehicle market in May were B-SUV (16.4%), A-SUV (14.7%), and AO-class (13.6%) [15] - The market share of A-class vehicles decreased from 18.5% to 12.6% compared to the same period last year [15] - Personal users accounted for 83.3% of the pure electric vehicle market in May, a year-on-year increase of 47.6% [18] Pure Electric Vehicle Manufacturer Rankings - The top 10 pure electric vehicle manufacturers accounted for 71.9% of the market share in May, with BYD, Tesla (China), and SAIC-GM-Wuling leading the market [20] - Chery New Energy replaced SAIC Motor in the top 10 rankings [20] - BYD's cumulative pure electric vehicle sales from January to May reached 508,598 units, with a market share of 26.9% [21] Pure Electric Vehicle Model Rankings - The top 10 pure electric vehicle models accounted for 42.0% of the market share in May, with the Tesla Model Y (China) regaining the top position [23] - The cumulative sales of the Tesla Model Y (China) from January to May reached 168,549 units, with a market share of 8.9% [24] Industry Dynamics - GAC and Huawei announced a collaboration to develop a new intelligent driving model, with plans to launch the first vehicle in Q1 2025 [32] - Audi and SAIC Group signed a cooperation agreement to develop a new platform for luxury electric vehicles, with the first models expected to launch in 2025 [34] - BYD launched its fifth-generation DM hybrid technology, achieving a thermal efficiency of 46.06% and a fuel consumption of 2.9L per 100km [36] Policy Updates - The State Council issued the "2024-2025 Energy Conservation and Carbon Reduction Action Plan," aiming to increase the share of non-fossil energy consumption to 20% by 2025 [40] - Local policies in Jiangsu, Shandong, and Suzhou focus on promoting NEV development, including battery recycling and technological innovation [43] - Shenzhen, Jiangsu, and Hangzhou released plans to develop the hydrogen energy industry, with targets for hydrogen fuel cell vehicle adoption and infrastructure development [44]