Weichai Power(SZ:000338) Xin Lang Cai Jing·2026-01-21 10:30Core Insights - The year 2025 is a significant turning point for joint venture automakers in their electrification transformation, with models like Nissan N7 and GAC Toyota's Aion S3 making notable market impacts [1][30] - GAC Toyota's Aion S3 has achieved impressive sales, surpassing 70,000 units in its first year and becoming the "joint venture pure electric sales champion" [1][30] Group 1: Product Performance and Market Positioning - Aion S3's aggressive configuration, including a price point of 150,000 RMB with lidar and high-level intelligent driving, challenges the stereotype that joint venture brands lack intelligence [3][32] - The upcoming Aion S7 aims to penetrate the mid-to-high-end market segment priced around 200,000 RMB, focusing on brand premium in the electrification era [4][33] Group 2: Design and Features - Aion S7 features a minimalist front design and a lower visual center of gravity, enhancing its technological appeal with a new lighting design [6][35] - The vehicle dimensions of Aion S7 are 5130mm in length, 1965mm in width, and 1500mm in height, with a wheelbase of 3020mm, positioning it closer to executive sedan standards [8][37] Group 3: Technological Advancements - Aion S7 incorporates Huawei's HarmonyOS 5.0, marking a shift from traditional functionality to a more intelligent user experience, supporting over 50 Harmony applications and 50,000 mobile applications [12][42] - The vehicle introduces a universal model (MoLA) for navigation and vehicle control, allowing for a more interactive user experience and integration with Xiaomi's ecosystem for smart home control [15][44] Group 4: Safety and Performance - Aion S7 continues the path of Aion S3 by utilizing the Momenta R6 high-level solution and lidar for intelligent driving, adhering to Toyota's TSS safety standards [18][47] - The powertrain features a dual-motor system with a maximum power of 207kW and a top speed of 180 km/h, with battery options of 88.13kWh and 71.35kWh offering ranges of up to 710km and 600km respectively [20][49] Group 5: Strategic Goals and Market Ambitions - GAC Toyota aims for ambitious targets, projecting that by 2026, new energy vehicle sales will exceed 20%, and by 2028, they will achieve a production and sales target of one million units [25][55] - The success of Aion S3 sets a positive precedent, but Aion S7 faces the challenge of not only contributing to sales but also enhancing brand perception in the competitive landscape [29][57]