YTCO(SH:600066) Qi Lu Wan Bao·2025-07-14 07:20Core Viewpoint - The 22nd Changchun International Auto Expo showcases Hongqi's transformation into intelligent connected new energy vehicles, highlighting its comprehensive product lineup across various energy types and emphasizing the brand's commitment to "Chinese-style new high-end exquisiteism" [1][20]. Group 1: Product Showcase - Hongqi presented 18 models at the expo, covering fuel, pure electric, plug-in hybrid, and range-extended vehicles, demonstrating its successful transition to intelligent connected new energy vehicles since 2023 [1]. - The exhibition area was divided into three sections: "Classic Heritage," "Intelligent Newborn," and "Ultra-Luxury Flagship," showcasing the brand's diverse appeal [3]. - The H9 and HS5 models in the classic fuel vehicle segment feature a unique design language that merges Eastern aesthetics with modern technology, with the H9 now equipped with a 3.0T engine and intelligent four-wheel drive, enhancing torque by 11.25% [7]. Group 2: Ultra-Luxury Models - The ultra-luxury sub-brand Jin Kui Hua debuted three models: Guo Yao, Guo Li, and Guo Ya, with Guo Yao being a full-size SUV featuring a V6TD/V8TD hybrid system, Guo Li showcasing traditional craftsmanship in its luxurious interior, and Guo Ya achieving 0-100 km/h in 5.2 seconds with a V8TD + HEV powertrain [9]. Group 3: New Energy Vehicles - The Tian Gong 05 and 06 models, built on the "Tian Gong" pure electric platform, feature advanced driving assistance and rapid charging capabilities, alleviating range anxiety with 400 km of range in just 10 minutes of charging [12]. - The H5 PHEV, utilizing the Hong Hu hybrid platform, boasts a comprehensive range of 1600 km and an impressive fuel efficiency of 3.7L/100 km, setting a benchmark in the plug-in hybrid market [12]. Group 4: Technological Advancements - Hongqi has established three core technology platforms: "Tian Gong" (pure electric), "Hong Hu" (hybrid), and "Jiu Zhang" (intelligent), achieving significant advancements in key areas such as battery systems and intelligent driving [13]. - The "Tian Gong" platform features an 800V high-voltage architecture and a self-developed battery management system, ensuring high energy density and long cycle life for electric vehicles [16]. - The Jin Kui Hua series has achieved 92% localization of core technologies, showcasing China's strength in core automotive technologies [16]. Group 5: Future Outlook - By mid-2025, Hongqi aims to surpass cumulative sales of 225,000 units and reach a user base of 2 million, driven by a commitment to quality and innovation [17]. - The company plans to launch over 20 new models in the next five years, covering a wide range of vehicle categories and accelerating development of right-hand drive models for international markets [17].