SAIC MOTOR(SH:600104) Bei Ke Cai Jing·2025-09-24 11:38Group 1 - Huawei and SAIC have launched their first SUV model, the Shangjie H5, which is available in both pure electric and range-extended versions, starting at a price of 159,800 yuan [1] - The Shangjie H5 is the first model under the Hongmeng Intelligent Driving brand priced below 200,000 yuan, featuring the Huawei QianKun Intelligent Driving ADS 4 and standard equipment of three 4D millimeter-wave radars [1] - SAIC Group's President, Jia Jianxu, emphasized the company's 70 years of automotive manufacturing experience and the integration advantages of the industry chain to promote technological equality [1] Group 2 - Huawei's Executive Director and Chairman of the Terminal BG, Yu Chengdong, highlighted the significant market size of vehicles priced below 200,000 yuan, while also acknowledging the substantial cost pressures involved [1] - Yu Chengdong mentioned that the Shangjie H5 may incur losses on each unit sold initially, but there is an expectation to achieve breakeven as production capacity increases in the future [1]