Core Insights - The report highlights the varying residual values of domestic automotive brands in China, with traditional strong brands like GAC and Geely maintaining stability, while brands like BYD show robust performance due to rapid electrification [1] - The shift from "market for technology" to "technology creates value" is emphasized as domestic brands evolve [1] Group 1: Electric SUVs - The pure electric mid-size SUV market is highly competitive, characterized by intense high-end battles and mainstream acceleration, with the Leado L60 achieving the highest residual value [3] - Tesla Model Y and ZEEKR 7X follow closely in the residual value rankings, indicating strong market acceptance [3] - In the compact electric SUV segment, the "Matthew effect" is evident, with top models like Song PLUS, AION Y, and Yuan PLUS establishing significant advantages due to technology and market reputation [7] Group 2: Plug-in Hybrid SUVs - In the plug-in hybrid compact SUV market, BYD's Song Pro and Song PLUS dominate the residual value rankings, showcasing the strength of BYD's DM technology [12] - The plug-in hybrid mid-size MPV market sees GAC's E9 leading in residual value due to its luxurious features and advanced battery management [16] Group 3: Compact Cars - In the popular compact car market, the Volkswagen Lavida ranks first in residual value, followed by the Volkswagen Sagitar and Audi A3, reflecting the strong foundation of German brands in China [17] Group 4: Mid-size SUVs - The domestic mid-size SUV market has established a stable value hierarchy, with GAC's GS8 leading in residual value due to its spaciousness and luxury features [21] - The competitive landscape in the mainstream joint venture mid-size SUV segment is dominated by German and American brands, with SAIC Volkswagen's Teramont achieving the highest residual value [23] Group 5: Japanese Brands - The price decline of Japanese brands like Toyota, Honda, and Nissan indicates a convergence in product quality, negatively impacting their residual values in the new energy era [25] - The increase in residual value for Volkswagen brands is attributed to strong contributions from their sedan products, while French brands face significant declines due to ongoing price wars [25]

这一销售高峰与9月以来的"新车潮"密切相关。 据21世纪经济报道记者不完全统计，仅9月22 日至28日，国内车市就有18款新车上市或亮相，包括理想i6、问界M7、尚界H5等多款车型。 多款新车的集中发布直接带动了门店客流与订单量的攀升。一位鸿蒙智行销售人员透露，以新 款智界R7为例，假期期间订车仍需等待4至6周才能交付。 （鸿蒙智行一批新车正等待交付 本报记者焦文娟/摄） 行业层面，"金九"成色初步显现。 乘联会数据显示，9月1日至27日，乘用车市场零售销量达 177.6万辆，环比增长12%。 记者丨 焦文娟 编辑丨包芳鸣 金珊 国庆中秋假期（下文简称："双节"），车市热度延续。记者发现，有品牌车型价格一口气 下 调近7万元，还有部分车型补贴高达5万元。 10月8日晚间，鸿蒙智行公布假期大定数据，9月30日至10月7日累计大定突破4.85万辆。 一是明确从2026年1月1日起，新能源汽车购置税将"免征"改为"减半征收" ，这意味着消费者 购车成本将最高增加1.5万元。 二是国家层面的"以旧换新"补贴政策在部分省份已于9月提前 结束。 一位经销商人士分析称，这种"错过就不再"的预期，促使大量观望中的消费者选择 ...

10月10日，极氪科技集团CBO关海涛在朋友圈发文宣布即将离职。 他表示，"人生天地，过隙白驹。一起奋斗的日子是最难忘的，能经历极氪高速发展、登顶、IPO，再 到极氪科技成立、回归吉利，也是职场生涯中最珍贵的荣幸。感谢大家关心，即将结束杭漂，感谢所有 一起奋斗的战友、朋友，感恩这个时代，日子绵长，情谊不散。青山绿水，江湖再见。希望大家继续支 持极氪、支持吉利。" 公开资料显示，关海涛此前曾任荣耀中国区CMO、电商部部长。2023年，关海涛从荣耀离职加盟极氪 出任CMO，2025年2月担任极氪科技集团首席商务官（CBO）。 ...

Core Insights - The Ministry of Industry and Information Technology has released the declaration information for the Geely Galaxy Xingyao 7, which will feature the new generation of Raytheon AI Electric Hybrid 2.0 technology [1][3] Group 1: Vehicle Design - The Geely Galaxy Xingyao 7 showcases a distinctive trapezoidal grille with chrome accents and slender LED headlights, creating an aggressive visual appeal [1] - The side profile of the vehicle is characterized by smooth lines and a long body stance, complemented by a continuous taillight design and chrome accents on the rear bumper [3] Group 2: Dimensions and Specifications - The vehicle's dimensions are 4958mm in length, 1915mm in width, and 1505mm in height, with a wheelbase of 2852mm [3] - The powertrain consists of a 1.5L engine (model BHE15-BFN) paired with a plug-in hybrid system, delivering a maximum engine power of 82kW, supported by a lithium iron phosphate battery from CATL [3] Group 3: Technology and Performance - The Galaxy Xingyao 7 is equipped with the new generation Raytheon AI Electric Hybrid 2.0 technology, which allows for seamless switching between pure electric, hybrid, and range-extended modes, with the electric motor providing a maximum power of 120kW [3]

Core Viewpoint - Guan Haitao, the Chief Business Officer (CBO) of Zeekr Technology Group, announced his departure from the company, reflecting on his experiences during the company's rapid growth and development [1][2]. Summary by Categories Company Leadership - Guan Haitao previously served as the Chief Marketing Officer (CMO) for Honor in China and joined Zeekr in 2023 as CMO before becoming CBO in February 2025 [1]. Company Development - Guan expressed gratitude for being part of Zeekr's journey, which included significant milestones such as rapid growth, reaching the IPO stage, and the establishment of Zeekr Technology [1][2]. Future Outlook - Guan encouraged continued support for Zeekr and its parent company, Geely, as he prepares to leave the company [1][2].

Core Insights - The Q3 report from Lu Master highlights significant advancements in the automotive sector, particularly in user experience dimensions such as cockpit system smoothness and voice AI recognition rates [2][18] - The new Tank 500 has emerged as a surprising leader in cockpit system smoothness, breaking the stereotype that off-road vehicles lag in technology [4][18] - Ideal and Wenjie continue to dominate the voice AI recognition rankings, while new entrants like Tengshi and Fangchengbao show strong competitive potential [15][18] Cockpit System Smoothness Rankings - The new Tank 500 achieved a remarkable smoothness index of 1288.6ms, setting a new record and challenging the perception of off-road vehicles [4][18] - Ideal's models, L8 and L7, maintained their strong positions in the rankings, showcasing consistent performance across various functionalities [6][18] - New players like Leida L90 entered the rankings with a solid performance of 1428.9ms, indicating effective system tuning and user interaction [8][18] - The mid-tier segment is competitive, with models like Lantu Dreamer and ZEEKR 007 showing similar performance around the 1500ms mark, though some features lag behind [12][18] Voice AI Recognition Rankings - Ideal L6 and Wenjie M8 topped the voice recognition rankings with a recognition rate of 64.79%, demonstrating advanced voice interaction capabilities [15][18] - New contenders like Tengshi Z9GT EV and Fangchengbao 8 are making significant strides, with recognition rates of 64.08% and 63.38% respectively [15][18] - The overall competition in voice AI recognition is tightening, with only a small gap between the top and bottom performers, indicating a shift towards detail-oriented improvements [17][18]

Group 1 - The news reports the departure of Guan Haitao, the Chief Business Officer (CBO) of Zeekr Technology Group, with no official response from the company initially [1] - Guan Haitao expressed gratitude for his experiences during Zeekr's rapid development and transition to becoming part of Geely, indicating a positive sentiment towards his time at the company [1] - Guan's departure is significant as he remains affiliated with Geely Automobile Group, suggesting potential future roles within the parent company [1] Group 2 - Guan Haitao previously held positions as CMO and head of the e-commerce department at Honor before joining Zeekr in 2023 [3] - He was appointed as CBO of Zeekr Technology Group in February 2025, highlighting his relatively short tenure in this role [3]

关海涛在文中提到，能与团队共同奋斗，亲身经历公司的高速发展、IPO上市，直至极氪科技的正式成 立并回归吉利体系，是他职业生涯中一段非常宝贵的经历。同时，他也向所有关心他的人、共同奋斗的 同事表达了谢意，并表示自己即将结束在杭州的工作与生活。 凤凰网科技讯 10月10日，针对外界关于其个人职业动向的传闻，极氪科技集团首席商务官（CBO）关 海涛通过个人朋友圈发布动态，正式确认即将从公司离职。在他的告别感言中，关海涛希望外界能够继 续支持极氪以及母公司吉利的发展，并以"青山绿水，江湖再见"作为结尾，正式结束了他在极氪的职业 生涯。 根据公开资料，关海涛在市场营销领域拥有丰富经验，他曾担任荣耀中国区CMO及电商部部长等重要 职务。关海涛于2023年从荣耀加入极氪，最初担任CMO（首席营销官），负责市场与品牌相关工作。 2025年2月，其职位调整为极氪科技集团首席商务官（CBO）。从履新CBO到今日宣布离职，任期约为 八个月。 ...

Core Insights - The Chief Brand Officer of Zeekr Technology, Guan Haitao, confirmed his upcoming departure from the company, citing personal family reasons [1] - In September, Geely Automobile and Zeekr Technology's shareholders agreed on a merger plan, which will result in Zeekr becoming a wholly-owned subsidiary of Geely [1] - The merger will lead to optimization of personnel and resource structures within Zeekr Technology [1] Group 1 - Guan Haitao's departure is linked to personal family reasons [1] - The merger between Geely and Zeekr is a significant strategic move for both companies [1] - The optimization of personnel and resources is expected to follow the merger completion [1] Group 2 - Acknowledgment of Guan Haitao's contributions to Zeekr's development was expressed by Victor Yang [3]

Investment Rating - The report maintains a "Buy" rating for the automotive and automotive parts industry [5]. Core Insights - In Q3 2025, Tesla's global deliveries exceeded expectations, with a year-on-year increase of 7.4% and a quarter-on-quarter increase of 29.4%, reaching 497,000 units. The Model 3 and Model Y standard versions were launched in North America with reduced starting prices [1]. - Xpeng's sales surpassed 40,000 units in September, marking a year-on-year increase of 94.7% and a quarter-on-quarter increase of 10.3% [1]. - NIO's deliveries also showed growth, with a year-on-year increase of 64.1% and a quarter-on-quarter increase of 11.0%, totaling 34,749 units in September [1]. Summary by Sections Tesla and New Forces Sales Tracking - Tesla's global delivery volume reached 497,000 units in Q3 2025, with Model 3 and Y sales contributing significantly [1]. - Xpeng delivered 41,581 units in September, while NIO and Li Auto reported deliveries of 34,749 and 33,951 units, respectively [1]. Order Trends and Delivery Cycles - Tesla's delivery cycles for the domestic Model 3 and Model Y have been extended, indicating high demand as the peak season approaches [2]. - New energy vehicle manufacturers like Li Auto and NIO are also experiencing changes in delivery cycles, with some models seeing extended wait times [2]. Company Recommendations - The report recommends investing in companies such as NIO, Xpeng, SAIC Motor, and Geely Automobile, as well as parts suppliers like Fuyao Glass and Top Group [3]. - It highlights the potential in the robotics and intelligent driving themes, suggesting a focus on companies involved in these sectors [3]. Earnings Forecast and Valuation Table - The earnings per share (EPS) and price-to-earnings (PE) ratios for key companies are provided, with NIO, Xpeng, and SAIC Motor all receiving a "Buy" rating based on their projected performance [4].