《中国经营报》记者了解到，2月28日，吉利汽车集团CEO淦家阅在内部会议上宣布，千里浩瀚辅助驾驶系统将在今年实现出海，并将成 为首个在海外市场实现规模化应用的中国高阶辅助驾驶方案。 此外，首发千里浩瀚G-ASD最新版本的极氪8X，将于今年上半年上市，具备高性能三电机版本，动力可超千匹马力。 （文章来源：中国经营报） 据了解，千里浩瀚是全球范围内"含模量"最高、数据量最大、硬件最强的辅助驾驶系统之一，采用了行业领先的Smart AI Agent架构，完 整应用了"WAM世界行为模型"。今年，千里浩瀚G-ASD H7方案将陆续搭载到更多领克和吉利银河的车型上。在法规允许的条件下，吉 利还将推送高速L3和城区L4功能，并实现Robotaxi的试运营。 中经记者石英婧上海报道 ...

【 】 国泰海通证券 证券研究报告 2026年乘用车: 以高端、出海为矛破局 2026/ 02/28 行业评级: 增持 姓名：刘一鸣 (首席分析师) 邮箱：liuyiming@gtht.com 电话:15216799596 证书编号: S0880525040050 姓名:张觉尹 (分析师) 电话：19945659915 姓名： 潘若婵 (分析师) 邮箱: zhangjueyin@gtht.com 邮箱: panruochan@gtht.com 一电话:17278286860 证书编号：S0880525040057 证书编号：S0880525110006 01 02 03 04 2 2025年乘用车市场分析 请参阅附注免责声明 3 / 总量： 2025年乘用车内需与出口稳健增长 01 2025年，国内乘用车批发销量达2379.7万辆，同比+6%，在政策支持与消费复苏驱动下保持韧性增长。 2025年，中国实现乘用车出口573.1万辆，同比+21%，受益于自主品牌加速海外市场扩张与国产新能源车竞争力提升。 图: 乘用车国内批发销量（万辆） 300 238 240 227 250 202 201 198 172 22 ...

2 月 25 日 -26 日， 德国总理默茨率领大众、奔驰、宝马全球掌舵人及 30 余位德国核心企业高管开启访华之旅。 25 日，国务院总理李 强在北京人民大会堂同德国总理默茨共同出席中德经济顾问委员会座谈会， 60 余位中德企业代表齐聚一堂，围绕双边经贸合作展开深度磋 商。 摘要 宁德时代、国轩高科等中国动力电池企业亮相 背后，中德在新能源汽车领域的竞争与合作迈入新阶段。 在这次座谈会上，宁德时代与宝马集团签署了合作谅解备忘录，双方将围绕电池护照跨境数据试点及供应链碳足迹协同降碳展开深度合作。国 轩高科董事长李缜也在座谈会上，与大众、宝马、奔驰等德企领袖进行了深入沟通和交流。 作为全球第二、第三大经济体，中德的深度对话牵动着国际政治经济格局，中德在汽车尤其是新能源汽车领域的合作的重要性越发凸显，这对 中国动力电池企业来说，是挑战，更是机会。 汽车是中德合作的基石，新能源是发力的重要方向 与访华前德国外交部所主张的强硬对华路线不同，默茨在访华期间明确传递出务实态度：与中国脱钩是错误选择，德国不希望对华采取保护主 义，而是坚持开放对话与公平竞争。 此次默茨访华，汽车行业毫无争议地成为中德合作的核心议题与抓手，从 ...

2026（第二届）起点锂电圆柱电池技术论坛暨圆柱电池20强排行榜发布会 活动主题： 全极耳技术跃升 大圆柱市场领航 活动时间： 2026年4月10日 活动地址： 深圳宝安维纳斯皇家酒店三楼维纳斯厅（深圳国际会展中心京基百纳店） 主办单位： 起点锂电、起点研究院SPIR 第一批赞助及演讲单位： 鹏辉能源/多氟多新能源/大族锂电/嘉智信诺/亿鑫丰 /孚悦科技 倒计时41天 从整车产品到电芯制造再往上游材料环节延伸，吉利在能源自主、供应链安全上迈出关键一步。 日前， 吉利科技集团旗下新能源材料生产商 ——江西宜源新能源科技有限公司，在宜春正式举行磷酸铁锂正极材料投产仪式 ，标志着企业正 式迈入规模化、智能化生产新阶段。 据悉，江西宜源新能源科技有限公司成立于 2022 年 12 月，隶属于世界 500 强吉利控股集团旗下的吉利科技集团有限公司，由吉利科技集团 与子公司杭州逸云企业管理合伙企业（有限合伙）直接持股，实控人为李书福。 项目一期建成后，具备年处理 4 万吨废旧磷酸铁锂电池的综合利用能力，同时规划年产磷酸铁前驱体 3 万吨、磷酸铁锂正极材料 3 万吨。 作为吉利打造新能源汽车一体化产业链的重要环节，该项目实 ...

Core Viewpoint - Meizu Technology announced the suspension of domestic smartphone hardware projects and will focus on third-party hardware partnerships while continuing its overseas mobile business and AI products [1][2][15] Group 1: Company Strategy and Changes - Meizu will pause the development of new domestic smartphone hardware to concentrate resources on its Flyme operating system and AI initiatives [1][15] - The company aims to implement a global strategy with a target of achieving 50% of sales from overseas markets by 2025 [2][25] - Meizu's management has undergone frequent changes since its strategic investment by Geely Group, impacting its operational stability [13][14] Group 2: Historical Context and Market Position - Meizu was an early player in the smartphone market, launching the M8 before the iPhone, and gained recognition for its Flyme OS [3][6] - The company faced significant competition from Xiaomi and Huawei, leading to a decline in its market presence [6][9] - Despite a peak in sales during 2015-2017, Meizu struggled to maintain its competitive edge and faced legal challenges from Qualcomm [11][12] Group 3: Product Development and Future Plans - The planned launch of the Meizu 22 Air was canceled due to rising memory costs, with a focus now on the upcoming Meizu 23 [19][21] - Meizu is exploring AI-native hardware products, including a new device called Meizu 22 Next, which aims to integrate AI capabilities [21][23] - The company is shifting its product line to include a broader range of price points, targeting the mid-range market [17][18]

Group 1 - Geely Automobile (00175) announced a share buyback plan, intending to repurchase 3.673 million shares at a cost of HKD 59.4327 million [2] - The buyback is scheduled for February 27, 2026, indicating the company's strategy to enhance shareholder value [2] - This move reflects Geely's confidence in its long-term growth prospects and aims to stabilize its stock price [2]

Group 1 - Zhejiang Geely Holding Group Co., Ltd. and Zhejiang Zeekr Intelligent Technology Co., Ltd. have obtained a patent for a "wheel edge valve, tire inflation and deflation system, and vehicle," with the authorization announcement number CN119878876B, applied on October 2023 [1] - Zhejiang Zeekr Intelligent Technology Co., Ltd. was established in 2021, located in Ningbo, focusing on research and experimental development, with a registered capital of 1.3 billion RMB [1] - The company has invested in 10 enterprises, participated in 191 bidding projects, and holds 5,000 patent records, along with 4 administrative licenses [1] Group 2 - Zhejiang Geely Holding Group Co., Ltd. was founded in 2003, located in Hangzhou, primarily engaged in the automotive manufacturing industry, with a registered capital of 1.03 billion RMB [1] - The company has invested in 39 enterprises, participated in 506 bidding projects, and has 5,000 trademark records and 5,000 patent records, in addition to holding 275 administrative licenses [1]

Group 1 - The core message of the articles highlights the strengthening of long-term cooperation between German automotive companies and China, as evidenced by the recent visit of German Chancellor Merz, who was accompanied by major car manufacturers like Volkswagen, Mercedes-Benz, and BMW [1] - Mercedes-Benz has signed a strategic cooperation memorandum with a Chinese tech company to enhance their partnership, showcasing the integration of Chinese technology in their new S-Class model [1] - BMW has also signed a memorandum with China's CATL to promote carbon reduction in the electric vehicle supply chain, indicating a commitment to sustainability [1] Group 2 - The Chinese automotive industry is expected to export over 7 million vehicles by 2025, demonstrating resilience in foreign trade and marking a new milestone in export scale [2] - The Chinese automotive sector is poised for new opportunities in 2026, with companies like Momenta reporting an annual business growth rate of over 80% and advancements in autonomous driving technology [3] - The reduction of tariffs on Chinese electric vehicles in Canada from 106.1% to 6.1% is seen as a positive signal for Chinese automotive exports, enhancing market accessibility [3] Group 3 - China has established the most complete and advanced new energy vehicle industry chain globally, with capabilities spanning from raw materials to intelligent driving software [4] - The Chinese automotive industry aims not only to export products but also to internationalize its entire value chain, including technology standards and brand value [4]

Core Viewpoint - The company, Zhongchao Innovation, anticipates a significant increase in net profit for the year 2025, projecting between RMB 20.25 billion and RMB 21.93 billion, representing a year-on-year growth of approximately 140% to 160% due to sustained high growth in its leading technology products across various sectors [1] Group 1: Financial Performance - The company expects a net profit of approximately RMB 20.25 billion to RMB 21.93 billion for 2025, marking a year-on-year increase of about 140% to 160% [1] - The annual global installed capacity of the company's power batteries reached 62.8 GWh, a year-on-year increase of 52.6%, securing a position among the top four globally with a market share of 5.3% [1] Group 2: Product and Market Development - In the passenger vehicle sector, the company has established deep collaborations with major clients such as XPeng, Leap Motor, Geely, and Toyota, achieving significant growth in high-end vehicle markets and expanding its product offerings [2] - The company’s 5C ultra-fast charging battery has become the largest delivery volume product globally, while its "top-tier all-round" cylindrical semi-solid-state battery has achieved high energy density and ultra-fast discharge capabilities [2] Group 3: Commercial Vehicle and Energy Storage Solutions - The company has successfully implemented its "Zhiyuan" all-scenario solution in the commercial vehicle sector, leading to exponential growth in vehicle installation and new model announcements [3] - In the energy storage sector, the company has introduced new products in the "Zhijiu" series, achieving record high shipment volumes and project deliveries, while expanding its market presence in Europe and the Middle East [3] Group 4: Industry Outlook - Industry analysts indicate that the global energy transition and electrification trends are accelerating, leading to long-term growth in the demand for power batteries and energy storage [3] - The company has built a unique competitive advantage through its strong technical foundation, comprehensive product layout, and deep partnerships with leading enterprises, positioning itself as a leader in driving high-quality development in the global new energy industry [3]

Core Insights - The integration of "big transportation + local car rental" is becoming a new trend in travel, providing a seamless experience for short-distance self-driving tours [1] - The car rental industry is transitioning from a marginal sector to a daily travel choice, driven by consumer trends and favorable policies, moving towards scale growth and quality upgrades [2] Industry Trends - The demand for self-driving travel is increasing, with the car rental market expected to reach 300 billion yuan by 2030, growing at a compound annual growth rate of approximately 15% [4] - The "14th Five-Year Plan" emphasizes the construction of a modern comprehensive transportation system, enhancing the infrastructure for long-distance self-driving travel and expanding the physical radius and application scenarios for car rental services [3][4] Company Developments - Ehi Car Services, a leading car rental brand, reported record-breaking performance during the 2026 Spring Festival, with total order volume increasing by 45% year-on-year and a peak daily rental rate of 95% [1] - Ehi is evolving from a traditional car rental service to a comprehensive travel service provider, focusing on creating an "Ehi Travel Ecosystem" that integrates various travel scenarios and enhances user experience [5][6] Strategic Initiatives - Ehi's ecosystem approach includes three pillars: scene integration, platform openness, and data-driven strategies, aiming to provide comprehensive travel solutions and enhance service efficiency [6][7] - The company has established partnerships with major automotive manufacturers to expand its fleet of new energy vehicles, which currently make up about 10% of its fleet, supporting green transportation initiatives [9][10] Future Outlook - The car rental industry is expected to undergo significant transformation, with a focus on resource integration, service personalization, and the promotion of sustainable travel practices [8][11] - Ehi's initiatives align with national goals for carbon neutrality and smart city development, positioning the company as a leader in the evolving travel landscape [11]