FOTON(SH:600166) Zhong Guo Jing Ji Wang·2025-09-28 07:50Core Viewpoint - The revival of fuel vehicles is anticipated as the purchase tax for new energy vehicles is set to be reinstated at a reduced rate, prompting automakers like Chery to launch significant promotional campaigns for their fuel vehicle products, including the introduction of the "New Chinese Fuel" strategy [1][5] Group 1: New Strategy and Market Context - Chery has launched the "New Chinese Fuel" strategy, emphasizing technological advancements and a shift in the automotive landscape from learning to leading [1][5] - The Chinese passenger car market is projected to reach a record high of 27.563 million units in 2024, with 12 million users still opting for fuel vehicles, highlighting the importance of updating fuel vehicle technology [2] Group 2: Product Launch and Features - The first models under the "New Chinese Fuel" strategy are the Tiggo 9X and Tiggo 9, with promotional prices starting at 127,900 yuan and 137,900 yuan respectively [2] - The Tiggo 9X is positioned as a "wide-body ultra-comfortable smart flagship," featuring the Qualcomm Snapdragon 8255 chip and the Falcon 500 intelligent driving assistance system [2][4] - The Tiggo 9 is equipped with a Kunpeng 2.0T GDI engine and the second-generation Kunpeng 8AT transmission, delivering a maximum power of 192 kW and peak torque of 400 N·m [4] Group 3: Safety and Design Innovations - The Tiggo 9X adheres to global five-star safety standards, featuring a high-strength steel body with an 85% steel ratio and seven airbags, including a unique far-end airbag [2][4] - The Tiggo 9 includes a rock-solid body and a unique 10-airbag system, along with L2.5 level intelligent driving assistance and Bosch IPB line control braking [4] Group 4: Industry Impact and Future Outlook - Chery aims to break the stereotype of stagnation in fuel vehicle technology by leveraging 30 years of technical accumulation and self-developed systems, providing a model for fuel vehicle technology iteration [5] - The "New Fuel" strategy seeks to balance the development of both fuel and electric vehicles, advocating for a diversified energy approach in the automotive industry [5]