消息面上，9月28日，江苏省宣布暂停汽车置换更新补贴，同步对报废更新补贴实行"先领资格再申 报"的限额管理。其余政策延续省市均改为"先领先得、领完即止"模式。同时，补贴退坡背景下，除汽 车置换补贴外，新能源汽车车辆购置税政策的调整成为行业关注焦点。 中信建投指出，随着市场高低切换，下半年国补落地、行业反内卷和新能源购置税退坡预期背景下，行 业有望迎来"金九银十"行情。该行指出，当前汽车行业反内卷利好强产品周期头部主机厂，自主高端品 牌仍是蓝海市场，2026年将是30万元以上赛道加速自主渗透率提升的一年，新车产品力及品牌成为胜负 手。 智通财经APP获悉，汽车股今日普涨，截至发稿，吉利汽车(00175)涨4.03%，报19.38港元；小鹏汽车- W(09868)涨3.56%，报93.1港元；蔚来-SW(09866)涨2.6%，报57.15港元；理想汽车-W(02015)涨2.59%， 报101.1港元。 ...

消息面上，9月28日，江苏省宣布暂停汽车置换更新补贴，同步对报废更新补贴实行"先领资格再申 报"的限额管理。其余政策延续省市均改为"先领先得、领完即止"模式。同时，补贴退坡背景下，除汽 车置换补贴外，新能源汽车车辆购置税政策的调整成为行业关注焦点。 中信建投（601066）指出，随着市场高低切换，下半年国补落地、行业反内卷和新能源购置税退坡预期 背景下，行业有望迎来"金九银十"行情。该行指出，当前汽车行业反内卷利好强产品周期头部主机厂， 自主高端品牌仍是蓝海市场，2026年将是30万元以上赛道加速自主渗透率提升的一年，新车产品力及品 牌成为胜负手。 汽车股今日普涨，截至发稿，吉利汽车(00175)涨4.03%，报19.38港元；小鹏汽车-W(09868)涨3.56%， 报93.1港元；蔚来-SW(09866)涨2.6%，报57.15港元；理想汽车-W(02015)涨2.59%，报101.1港元。 ...

Group 1 - The core viewpoint of the article highlights a rebound in Hong Kong's new energy vehicle stocks, with notable increases in share prices for companies like Geely Automobile, NIO, Xpeng Motors, Li Auto, and BYD [1] Group 2 - Geely Automobile's stock rose by over 3% during the afternoon trading session [1] - Other new energy vehicle stocks, including NIO, Xpeng Motors, Li Auto, and BYD, also experienced upward movement in their share prices [1]

每经AI快讯，9月30日，港股吉利汽车(00175.HK)午后涨超4%，截至发稿，涨4.03%，报19.38港元，成 交额16.2亿港元。 ...

大和此前研报指出，在吉利汽车公布上半年业绩后，更新对其估值模型。该行目前预测吉利汽车在2025 至2027年将实现300万至380万辆的销售量，较原预期的190万至230万辆有所上调，并看好吉利成功的新 能源车转型，预期2025至2027年更多的增长将来自海外扩张。 消息面上，9月29日晚，极氪9X正式上市，共推出Max、Ultra、Hyper、曜黑四个版型，官方零售价 46.59万至59.99万元起，超级置换权益后限时售价45.59万至58.99万元起。根据披露数据显示，新车上市 13分钟，大定突破1万辆。 吉利汽车(00175)午后涨超4%，截至发稿，涨4.03%，报19.38港元，成交额16.2亿港元。 ...

智通财经APP获悉，吉利汽车(00175)午后涨超4%，截至发稿，涨4.03%，报19.38港元，成交额16.2亿港 元。 消息面上，9月29日晚，极氪9X正式上市，共推出Max、Ultra、Hyper、曜黑四个版型，官方零售价 46.59万至59.99万元起，超级置换权益后限时售价45.59万至58.99万元起。根据披露数据显示，新车上市 13分钟，大定突破1万辆。 大和此前研报指出，在吉利汽车公布上半年业绩后，更新对其估值模型。该行目前预测吉利汽车在2025 至2027年将实现300万至380万辆的销售量，较原预期的190万至230万辆有所上调，并看好吉利成功的新 能源车转型，预期2025至2027年更多的增长将来自海外扩张。 ...

Core Insights - The event "AI Chongqing Smart Driving Night and Qianli Technology Brand Launch" highlighted the collaboration among major automotive leaders to explore the future of smart connected electric vehicles in Chongqing [1][2] - The automotive industry is undergoing a transformation with the integration of AI, leading to vehicles evolving into intelligent robots that assist in daily life and work [1][2] Group 1: Industry Transformation - Chongqing aims to become a world-class hub for smart connected electric vehicles, focusing on the "AI+car" paradigm shift [1] - The future of automobiles is envisioned as self-cleaning, self-learning intelligent robots that serve as companions and assistants in various aspects of life [1][2] Group 2: Company Perspectives - Chang'an Automobile is exploring comprehensive mobility solutions involving land, sea, air, and humanoid robots, emphasizing the need for AI to drive significant advancements in traditional automotive manufacturing [2] - Geely Holding Group sees vast potential in AI applications within the automotive sector, enhancing traditional manufacturers' competitive edge [2] - Seres Group is focused on delivering exceptional user experiences through AI, aiming for vehicles to become intelligent mobile entities with safety, extended range, and service capabilities [2] - Qianli Technology envisions future vehicles as super intelligent entities that enhance work and life experiences, serving as companions and providing limitless possibilities for future living [2]

Group 1 - The A0-level new energy vehicle market is experiencing significant growth, with a sales increase of 61.6% in August and a total of 629,000 units sold in the first eight months, reflecting a growth rate of 97.6% [2] - Wuling and Geely are intensifying their focus on the A0-level new energy vehicle segment, with Wuling's new model, the Bingguo S, officially launched on September 27 [2] - The Bingguo S offers four configurations with a price range of 66,800 to 79,800 yuan, and customers can benefit from additional subsidies, including a maximum of 20,000 yuan in national/local purchase subsidies [2] Group 2 - The Bingguo S is designed to meet the diverse needs of 2.35 million users, emphasizing quality, safety, and aesthetics, and is a strategic model for Wuling's market expansion [4] - The vehicle is built on the Tianyu architecture M platform, enhancing its performance in terms of aesthetics, comfort, intelligence, and safety [4] - The Bingguo S is the first A0-level model to win the "2025 China Top Ten Body" award, featuring a high-strength steel ratio of 74.5% and advanced safety structures [4][5] Group 3 - The Bingguo S is equipped with Wuling's self-developed "Shenlian Battery," which has a proven track record of 3 million units sold without combustion incidents, and includes advanced safety features such as four airbags and a 540° panoramic camera [5] - Wuling aims to reshape the quality standards for A0-level pure electric vehicles with the Bingguo S and plans to continue innovating based on user needs [5]

Group 1 - Zhejiang's GDP has crossed three trillion levels in the past five years and is expected to reach 9.5 trillion by 2025 [2] - Shandong is projected to surpass the 10 trillion GDP mark by the end of the 14th Five-Year Plan (2025) [3] - Both Shandong and Zhejiang are set to join the "10 trillion club," becoming the third and fourth provinces in China to achieve this milestone [4] Group 2 - In 2022, Shandong and Zhejiang's GDP reached 9.86 trillion and 9.01 trillion respectively, indicating they are close to the 10 trillion mark [6] - Only 17 countries globally have a GDP exceeding 10 trillion (approximately 1.4 trillion USD), with 16 having populations over 100 million [8] - Achieving a GDP over 10 trillion places Shandong and Zhejiang's economic scale on par with Indonesia and Turkey, surpassing the Netherlands and Saudi Arabia [9] Group 3 - Shandong is recognized as the only province in China with all 41 industrial categories, showcasing its industrial diversity [16] - The province has six national advanced manufacturing clusters and 23 national characteristic industrial clusters, ranking alongside Guangdong and Jiangsu [19] - Shandong has 235 champion enterprises, the highest in the country, and 1,138 "little giant" enterprises, second only to Jiangsu and Guangdong [20] Group 4 - Zhejiang is known for its strong private economy and is the only province with a common prosperity pilot zone [31] - The province has five trillion-level industrial clusters, with traditional industries still holding significant weight [34] - Zhejiang is focusing on becoming an "industrial strong province" and aims to build a global advanced manufacturing production base [40]

"卖新能源车不赚钱"。这个前几年的汽车市场上一直流传的观点，现在还是这样吗？ 9月，各大车企陆续发布了上半年财报，盈利状况已经和前几年大相径庭。 过去，新能源车一直被质疑"卖一辆亏一辆"，"烧钱换市场"。但从今年上半年的财报数据来看，所有新能源占比超过50%的车企，无一例外都实现了利润 增长。 在我们统计的15家企业中，净利润实现增长的分别是比亚迪、赛力斯、理想、小鹏、蔚来、零跑、北汽蓝谷。而这几家全部都是新能源车企。 | | | | | 2025年上半年主要上市车企业绩情况 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 品牌 | 营收(亿元) | 同比变动 | 净利润(亿元) | 同比变动 | 上半年销量(万辆) | 同比变动 | 新能源渗透举 | | 比亚迪 | 3713 | 23.30% | 155.1 | 13.79% | 214.6 | 33.04% | 100% | | 上汽集团 | 2996 | 5.23% | 60.18 | -9.21% | 205.3 | 12.40% | 31.47% | | 吉利汽车 | 1503 ...