FOTON(SH:600166) Zhong Guo Jing Ying Bao·2025-09-17 14:37Core Insights - The launch of the Xiangjie S9T marks a significant collaboration upgrade between BAIC and Huawei, transitioning to a "strategic community" model that emphasizes exclusive teams, R&D resources, manufacturing, supply chain systems, and quality inspection frameworks [2][6][7] - The Xiangjie S9T targets the growing travel car market in China, which has seen a 50% year-on-year sales increase expected in 2025, despite historically low market share [3][4] - The vehicle features advanced technologies and a new design focus, differentiating it from the previous S9 model, with a price range of 309,800 to 369,800 yuan, reflecting a price adjustment [3][4][5] Collaboration and Investment - BAIC and Huawei plan to invest 20 billion yuan over the next three years to enhance their collaboration, focusing on core areas for continuous technological iteration [2][7] - The partnership aims to create a comprehensive value chain integration, moving beyond traditional roles of technology supplier and vehicle manufacturer to a deeper collaboration in product design and service [6][7] Product Features and Market Positioning - The Xiangjie S9T incorporates Huawei's advanced driving technologies and luxury features, aiming to provide a superior user experience and compete effectively in the travel car segment [4][5][8] - The vehicle's launch is supported by a robust pre-order response, with over 40,000 units booked, indicating strong market interest [3][5] Quality Control and Supply Chain - A dual quality inspection system has been established, ensuring each vehicle undergoes rigorous testing by both Huawei and BAIC, enhancing product quality assurance [8] - The collaboration leverages Huawei's digital management systems and BAIC's luxury brand supply chain, aiming for a high standard of quality and performance [7][8]