SAIC MOTOR(SH:600104) 券商中国·2025-09-23 15:06Core Viewpoint - The launch of the new models, the Shangjie H5 and the new Aito M7, marks a significant step for Huawei's HarmonyOS in the smart electric vehicle market, with a focus on affordability and advanced technology [2][4]. Group 1: Product Launch - On September 23, Huawei officially launched two new models, the Shangjie H5 and the new Aito M7, during its autumn product launch event [2]. - The Shangjie H5 is priced starting at 159,800 yuan, making it the most affordable model equipped with Huawei's ADS4 intelligent driving assistance system [2][5]. - The new Aito M7 has been updated in terms of design, cabin space, performance, and safety, with prices starting at 279,800 yuan for the range-extended version and 319,800 yuan for the pure electric version [4]. Group 2: Market Positioning - The Shangjie H5 is positioned as a game-changer in the mainstream SUV market, combining comfort, quality, and intelligence, according to SAIC Group's president [5]. - Since the pre-order began on August 25, over 160,000 units of the Shangjie H5 have been reserved, with more than 75% of reservations for the top configuration [5]. Group 3: Technical Features - The Shangjie H5 features Huawei's ADS4, equipped with three 4D millimeter-wave radars and the only model in its class with 192 laser radars, providing strong all-dimensional perception capabilities [9]. - The pure electric version of the Shangjie H5 has a maximum range of 655 km and a CLTC energy consumption of 13.4 kWh per 100 km, while the range-extended version offers a pure electric range of 235 km and a combined range of 1,360 km with full fuel and battery [9].