Core Viewpoint - The "One Geely" strategy is becoming clearer as Geely Group establishes separate vehicle research institutes for its brands Zeekr and Lynk & Co, indicating a shift towards independent operations for these brands after their integration [1][9][10]. Group 1: Establishment of Research Institutes - Geely Group has announced the establishment of Zeekr Vehicle Research Institute and Lynk & Co Vehicle Research Institute, with specific product lines assigned to each [1][3]. - The Z, C, and M product lines, including models like Zeekr 9X and Zeekr 007, are now under the Zeekr Vehicle Research Institute, while the L and K product lines, including Lynk & Co 900 and Lynk & Co 08, are under the Lynk & Co Vehicle Research Institute [1][2]. Group 2: Integration and Management Structure - The integration process began with the unification of the smart cockpit teams, which is now led by Geely's Chief Cockpit Scientist, Jiang Jun [4][5]. - Geely has also formed the Galaxy Division to manage all its new energy passenger vehicle brands, further streamlining its operations [6]. - The integration of the autonomous driving teams has resulted in a new team of over 3,000 members under Qianli Technology, adopting a dual CEO structure [7][8]. Group 3: Strategic Goals and Expectations - Geely's integration aims to enhance efficiency, with targets for growth exceeding 5% and cost savings in R&D and management expenses projected to be in the tens of billions annually [14]. - The establishment of separate vehicle research institutes is expected to strengthen brand differentiation, with Zeekr positioned as luxury and technology-focused, Lynk & Co as trendy and sporty, and Galaxy as a mainstream new energy brand [14]. Group 4: Market Performance and Future Outlook - Geely's vehicle deliveries have shown significant growth, with 23.77 million units delivered in July, a 58% year-on-year increase, and 25.02 million units in August, indicating strong market performance [15]. - As of the end of August, Geely has delivered a total of 1.897 million vehicles, achieving 63.2% of its annual sales target of 3 million units, suggesting a positive outlook for reaching its goal of 5 million units by 2027 [15].

Core Viewpoint - Chery's long-awaited IPO marks a significant milestone after 20 years of attempts, reflecting its ambition to transition from a traditional fuel vehicle manufacturer to a player in the electric and intelligent vehicle market [2][3][4] Financial Performance - In 2022, Chery reported nearly 270 billion in revenue and over 14 billion in net profit, with a compound annual growth rate (CAGR) of 70.7% from 2022 to 2024 [7][8] - The company's net profit increased from 5.8 billion in 2022 to 14.3 billion in 2024, with a 90.9% year-on-year growth in Q1 2025 [8] - Chery's global sales reached 2.295 million units in 2024, making it the second-largest Chinese independent brand and the eleventh globally [9] Market Position and Challenges - Despite strong sales growth, fuel vehicles still account for 69.6% of revenue in 2024, while the share of electric vehicles increased from 13.2% in 2022 to 21.9% in 2024 [11] - Chery's electric vehicle penetration rate remains below industry averages, with a significant gap compared to competitors like BYD, Geely, and Changan [11][12] - The company faces high debt levels, with asset-liability ratios of 93% in 2022 and 89% in 2024, which is considerably higher than other leading automakers [12] Strategic Initiatives - Chery plans to invest over 100 billion in R&D over the next five years, focusing on electric and intelligent vehicle technologies [13] - The company aims to enhance its product portfolio, upgrade electric power systems, and expand overseas markets with the funds raised from the IPO [14][15] - Chery's leadership emphasizes the need to maintain advantages in traditional fuel vehicles while catching up in the electric and intelligent vehicle sectors [16][17]

登录新浪财经APP 搜索【信披】查看更多考评等级 9月10日15:00 - 16:00，重庆新铝时代科技股份有限公司在公司会议室接待了16家机构的特定对象调研。 参与单位包括华福证券、华富基金、蓝宝石私募、中信证券、泰康基金等，上市公司接待人员为董事长 何峰先生与董事会秘书周子彦先生。 此次调研中，公司就多个投资者关心的问题进行了解答。 财务费用上，上半年财务费用上升主因公司增加债权凭证保理。 关于宏联电子收购，相关工作正按计划有序推进，公司将及时履行信息披露义务。宏联电子主营业务为 冲压件、精密转轴以及精密结构件。收购宏联电子是公司重要发展战略，公司目前铝合金产品应用于新 能源汽车领域，而宏联电子核心产品2u超级高精度转轴技术已应用于机器人领域，收购成功后将扩大公 司经营业务、增加产品市场，发挥"材料 + 精密制造"优势，助力产品全球化，大幅增加营收。 在对外投资项目上，"年产80万套轻量化高强度新能源汽车零部件项目""新铝时代汽车轻量化零部件项 目""重庆綦江新铝时代铝合金循环利用项目"均按计划有序推进。"年产80万套轻量化高强度新能源汽车 零部件项目"位于重庆市南川区工业园区龙岩组团，基于公司在先进金属 ...

9月5日凌晨，当大多数人已进入梦乡，锦州锦恒汽车安全系统有限公司园区内的一处厂房内却火光冲天。火灾起源于厂区后部的装配车间，火 势迅速蔓延，短短几个小时就吞噬了厂房。幸运的是大火及时扑灭，全部人员安全撤离，无人员伤亡。 令人惊叹的是，灾难面前，锦恒展现出了惊人的组织能力与应急水平。 值班领导在发现火情后第一时间启动应急预案，迅速组织人员疏散，并同步向消防、公安及上级管理部门报告。在消防人员全力扑救火势的同时，公司 管理层已连夜召开紧急会议，成立应急指挥中心，下设生产恢复、客户沟通、员工保障、对外协调等多个工作组，形成了"一盘棋"的应急指挥体系。 在事故发生后的几个小时内，锦恒已经初步制定了复产计划。公司立即启用位于同一园区的新建厂房——这处原本计划在九月底投入使用的新场地，因 火灾而提前"上班"。工程团队连马不停蹄勘察场地，规划产线布局，为设备搬迁和安装做好充分准备。 锦恒管理层表示，此次迅速响应的背后，是公司多年来在安全生产、流程管理和应急演练方面的持续投入，这才能让公司得以快速响应"保交付"这一核 心任务。 与时间赛跑：72小时恢复85%产能的奇迹 过去几年，锦恒凭借可靠产品与优质服务深受市场认可，在全国 ...

Core Insights - The automotive industry in China is experiencing a trend of "anti-involution," with 17 companies committing to reduce supplier payment terms to within 60 days, aimed at alleviating financial pressure on parts manufacturers [1] - Despite a reduction in total accounts payable and notes to 10,209.03 billion yuan, the average turnover days increased to 192.46 days, indicating a divergence between total amount reduction and extended payment terms [1][2] - BYD, SAIC Motor, and Geely are the top three companies in terms of accounts payable, each exceeding 100 billion yuan [1] Accounts Payable Changes - 14 companies reported a decrease in accounts payable compared to the end of last year, with Changan Automobile, SAIC Motor, and Geely showing the largest reductions of 240.85 billion yuan, 105.91 billion yuan, and 81.24 billion yuan respectively [2] - NIO, Xpeng Motors, and Leap Motor saw increases in accounts payable, with Xpeng Motors rising by 76.07 billion yuan, a 32.96% increase [4] Turnover Days Analysis - Only six companies improved their accounts payable turnover days, with Xpeng Motors achieving the most significant reduction of approximately 63 days, bringing it down to 170 days [5][6] - Companies like SAIC Motor and Changan Automobile also saw improvements, while others like BYD and Ideal Auto experienced increases in turnover days [8] Cash Flow and Payment Terms - Ideal Auto reported a significant increase in cash used in operating activities but a worsening free cash flow, attributed to the adjustment of supplier payment terms to 60 days [9] - The adjustment of payment terms is complex and requires coordination across various departments within companies, posing challenges for timely payments [10][11] Cash Reserves and Coverage - Among 18 companies, only Jiangling Motors and Haima Automobile have cash reserves sufficient to cover their accounts payable [13] - Companies like BYD, Geely, and NIO have cash reserves that fall short of their accounts payable, indicating pressure on short-term liquidity [13]

目前，这三项对外投资正按计划有序推进，具体战略目的 和影响如下： 证券代码：301613 证券简称：新铝时代 重庆新铝时代科技股份有限公司 投资者关系活动记录表 编号：20250910 投资者关系活动类 别 ☑ 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 （请文字说明其他活动内容） 参与单位名称及人 员姓名 华福证券 卢宇峰 华富基金 翟伟 蓝宝石私募 刘燕 蓝宝石私募 李才树 中信证券 於学鑫 泰康基金 程翔 国海证券 谢培风 中信建投国际 钱灏纯 长江证券 胡加琪 益和源 张锴 民生证券 邓永康 金科投资 刘宇 兴业证券 刘思仪 兴业证券 张迎晗 淳厚基金 王沿朴 （排名不分先后） 时间 2025年9月10日 15:00-16:00 地点 公司会议室 上市公司接待人员 姓名 董事长 何峰先生 董事会秘书 周子彦先生 | | 一、 上半年公司营业收入大幅上升，请问大客户依赖问题是 | | --- | --- | | | 否得到改善呢？ | | | 公司上半年营业收入同比上升68.82%，主要是因为电池盒 | | | 箱体订单增加。公司已与宁德时代、中创 ...

以原创设计之美惊艳眼球，以"四驱性能、两驱油耗"享受操控，以越级智能拥抱趋势，以亲民价格回馈热爱……领克品牌诞生9周年之际，一款真正具有 爆款潜质的新车——领克10EM-P，为9岁的领克送上一份真挚的生日祝福。 四驱性能、两驱油耗，提供价值感的领克，把高端先进的技术做了一次普及。 智能化上越级配备，辅助驾驶采用了千里浩瀚H7方案。 它的好看，不像保时捷，也不像法拉利，它带着领克品牌DNA的审美，独特的精致度与品质感，它不是白开水式的设计，人人都可以喝，领克的设计献 给喜欢它的人。 车身色彩有创新，两款新车漆具有可以变换的视觉效果，在高光和暗光程度有不同的颜色，是种高级"色诱"。 9月8日晚，售价在16.38万-20.18万元的领克10EM-P在宁波上市后不到一小时，大订订单已突破1万，这是人们为热爱买单。 与此同时，吉利汽车集团高级副总裁、极氪科技副总裁、领克汽车销售公司总经理林杰，极氪科技副总裁、领克研究院院长康国旺，领克汽车销售有限公 司副总经理穆军也接受了媒体的采访。 林杰：领克品牌与喜欢领克的用户"双向奔赴" 今年是领克品牌诞生9周年，到现在有154万用户。当时出发的时候就想成为"不止于车"的汽车品牌 ...

经观感知 对欧洲客户而言，这种"量产即证明"的方式，比任何 PPT 宣传更具说服力。 在慕尼黑的展馆里，IAA Mobility 的聚光灯不仅照在奔驰、宝马的新车型上，也投向了来自中国武汉的一家芯片公司。 黑芝麻智能携"安全智能底座"、武当 C1200、华山 A1000 与 A2000 等全系芯片亮相，试图把自己定义为智能驾驶的"底层算力平台"。在欧洲观众眼中，这 家中国企业的出现，已经不仅是产品展示，更像是一份递交给欧洲产业与监管的"答卷"。 这一时点颇有意味。2024年7月起，欧盟《通用安全法规 II》（GSR2，EU 2019/2144）已要求所有新注册车型必须配备一揽子 ADAS 功能，包括自动紧急制 动（AEB）、智能限速辅助（ISA）、车道保持系统（ELKS）、驾驶员疲劳提醒（DDAW）等；而 UNECE R155 和 R156 对网络安全与软件更新管理的约 束，也从 2022 年逐步过渡到 2024 年的全量覆盖。 这意味着，任何想要在欧洲量产的新车型，必须在短期内完成 ADAS 标配化和网络安全、软件更新的体系化布局，否则无法获得型式认证。这些硬性门 槛，正成为欧洲车企乃至整个产业链的共同痛点 ...

Overview of the Auto Show - The 28th Chengdu International Auto Show was held from August 29 to September 7, 2025, showcasing over 1,600 vehicle models from nearly 120 brands, focusing on new technologies and products in the automotive industry [6][7]. Key Highlights - A total of 104 key models were monitored at the show, with 33 debut models. Chinese brands accounted for over half of the key models, followed by European brands. New products made up 46% of the models, with SUVs representing 62.5% of the body types, and sedans at 33.7%. Notably, 75% of the key models were electric vehicles [2][7][11]. Product Trends - The color design of vehicles is evolving towards diversification, personalization, and eco-friendly technologies. Several models featured unique color schemes that reflect brand positioning and innovative craftsmanship [9][10]. - The pickup truck segment saw significant innovation, with many manufacturers showcasing new models that emphasize powertrain technology, smart features, and user experience. Electric vehicles are becoming increasingly prominent in the pickup market [11][12]. Technological Innovations - Manufacturers are focusing on range-extending power systems, with several companies presenting new models equipped with batteries over 40 kWh, achieving pure electric ranges exceeding 300 km [12][13]. - The evolution of vehicle interiors is marked by advancements in interactive experiences, transitioning from passive to active engagement, with future developments expected to include multi-modal interactions [14][15]. Featured Models - The Zeekr 9X features a dual 8295 smart cockpit and a 900V hybrid architecture, with a price range of 479,900 to 569,900 yuan [17]. - The new AITO M7 showcases a complete redesign, increased dimensions, and a new pure electric version, with a range of 700 km [19]. - The Lantu Zhi Guang L, set to launch in Q4 2025, features a 1.5T PHEV system and a pure electric range of 410 km [22]. - The NIO ES8, with a starting price of 308,800 yuan, offers a luxurious interior and advanced driving assistance systems [30]. Market Dynamics - The auto show reflects a shift in consumer preferences towards electric and hybrid vehicles, with significant advancements in technology and design aimed at enhancing user experience and environmental sustainability [2][11][12].

点 击 蓝 字 关 注 我 们 目 录 行业信息 政策信息 4、关于征求《公共机构电动汽车充电基础设施配置及运行指南（征求意见稿）》意见 的通知 5、重庆：追加安排 1.35 亿元预算资金用于 2025 年 10 月汽车及电动自行车以旧换新 补贴 1、宁德时代巧克力换电：8 月首次实现单月落站与上线"双破百" 2、上海 7 月汽车类零售总额达 158.50 亿元 3、法雷奥上海基地开业 加速 ADAS 解决方案研发 4、机构：2025年中国新能源汽车出口量有望接近 300 万辆 5、宁德时代在三亚成立新能源科技公司 注册资本 500万 6、重庆市智能网联新能源汽车芯片产业联盟正式成立 7、亿纬锂能固态电池成都量产基地揭牌 年产能近 50万颗电芯 8、极氪造的 Waymo 自动驾驶汽车打入美国,在丹佛、西雅图启动服务 9、"十四五"期间我国发布新能源汽车等重点行业国家标准 4000 多项 10、北京最大光伏充电停车楼建成投用 11、中国广告协会呼吁：无底线的汽车广告和营销传播行为要踩下"刹车板" 12、湖北：准确把握全球汽车工业变革趋势 加快重塑国内一流汽车产业生态 13、印尼拟于 2025年底取消电动汽车关税 ...