Core Viewpoint - Zeekr 7X has officially launched with three versions, emphasizing its unique design and advanced technology in the competitive electric SUV market [2] Group 1: Product Launch Details - The Zeekr 7X is available in three configurations: 75-degree rear-wheel drive Max version priced at 229,800 yuan, 103-degree rear-wheel drive Max version at 249,800 yuan, and 103-degree all-wheel drive Ultra version at 269,800 yuan [2] Group 2: Technological Features - All versions of the Zeekr 7X are equipped with laser radar and a Thor-U auxiliary driving chip with a computing power of 700 TOPS, along with the H7 advanced driving assistance system [2] - The vehicle incorporates Smart AI Agent technology, offering features such as D2D parking navigation and NZP urban autonomous navigation, aiming for a user-friendly driving experience across the country [2] Group 3: Intelligent Cockpit - The new model features the 8295 intelligent cockpit computing platform, a 36.21-inch AR-HUD head-up display, and a 16-inch 3.5K Mini-LED central control screen [2] - The Zeekr AI OS marks a shift towards an active AI intelligent era, with the Kr AI model serving as a continuously evolving assistant [2]

新京报贝壳财经讯（记者林子）10月28日，焕新极氪7X正式上市，新车共推75度后驱Max版、103度后驱Max版、103度四驱Ultra版三款配置版型，官方零售 价分别为22.98万元、24.98万元和26.98万元。 吉利汽车集团高级副总裁、极氪科技副总裁林杰在现场介绍，在主流纯电SUV普遍同质化的当下，极氪7X坚持原创的纯正SUV造型，全系标配激光雷达及 算力高达700TOPS的Thor-U辅助驾驶芯片，全系标配千里浩瀚辅助驾驶系统H7，结合Smart AI Agent技术架构，集D2D车位到车位领航辅助、NZP城市自主 领航辅助等多项高阶辅助驾驶功能于一体，真正做到"全国都能开，全国都好开"。 焕新极氪7X上市。企业供图 智能座舱方面，新车搭载8295智能座舱计算平台、36.21英寸AR-HUD抬头显示系统以及16英寸3.5K Mini-LED中控屏等顶级硬件。Zeekr AI OS让智能座舱进 入主动AI智能时代，Kr AI大模型化身持续进化的全能管家。 校对 付春愔 ...

Core Insights - The 2025 Hurun Rich List reveals a total of 1,434 entrepreneurs with personal wealth exceeding 5 billion RMB, marking an increase of 31% from the previous year [1][2] - The resurgence of the stock market has significantly contributed to this growth, with major indices like the Shanghai Composite Index and Shenzhen Component Index rising by approximately 40-50% compared to last year [2][4] Summary by Category Wealth Growth - The founder of Nongfu Spring, Zhong Shanshan, has become the richest person in China for the fourth time, with a wealth increase of 1,900 billion RMB, reaching 5,300 billion RMB, setting a new record for the wealthiest individual in China [2][3] - The top ten on the list includes significant wealth increases, with Xiaomi's Lei Jun seeing a 1,960 billion RMB rise, attributed to explosive growth in the automotive sector and high-end smartphone sales [5][6] New Entrepreneurs - Approximately 60% of the entrepreneurs on the list have not appeared in the past decade, primarily from industries such as industrial products, health, and consumer goods, while those falling off the list are mainly from the real estate sector [5][6] Regional Insights - The Guangdong-Hong Kong-Macao Greater Bay Area has 363 representatives, accounting for 25% of the list, with Shenzhen ranking second nationally with 147 individuals, an increase of 39 from last year [7][10] - The Yangtze River Delta region has 483 representatives, making up 34% of the list, with notable new entrants from the new consumption sector [7][10] Industry Trends - The list highlights a dominance of "new quality productivity" entrepreneurs, with five out of the top ten and 60% of the top 100 representing sectors like new energy, smart technology, and high-end manufacturing [5][6] - Industries such as consumer electronics, new consumption, computing power, biomedicine, and securities services have shown strong performance over the past year [5][6]

Group 1: Midea and JD.com Controversy - The rumor that Midea Group was fined 5 million yuan by JD.com for violating "choose one from two" requirements is false, according to insiders close to both companies [2][5] - There are indications of platform manipulation as numerous media outlets and self-media have spread this misinformation [2] - JD.com had indeed issued a fine to Midea Group, but it was later canceled due to public pressure and Midea's defense [5] Group 2: JD.com's Pricing Strategy - During the Double 11 shopping festival, JD.com implemented strict pricing strategies, including prohibiting brands from offering discounts or mentioning lower prices on other platforms [6] - Merchants found in violation of these rules could face fines ranging from 5 million to tens of millions of yuan, depending on the number of infractions [6] Group 3: Wealth Rankings and Economic Trends - The 2025 Hurun Rich List shows that Zhong Shanshan, founder of Nongfu Spring, has become the richest person in China with a wealth of 530 billion yuan, marking a 56% increase [8][12] - Zhang Yiming, founder of ByteDance, saw his wealth grow by 1.2 trillion yuan, driven by advancements in AI, placing him second with 470 billion yuan [9][12] - The list reflects a shift in economic trends, with new faces primarily from industrial products, health, and consumer goods sectors, while real estate figures are declining [13][14] Group 4: Meike Home's Financial Struggles - Meike Home has reported continuous losses exceeding 1.6 billion yuan over the past three years, with a loss of 88 million yuan in the first half of this year [16][18] - The company's cash flow has significantly declined, with a net cash flow from operating activities dropping by 84.57% [17] - Meike Home is closing stores to cope with financial pressures, reducing its number of stores from 141 in 2023 to 111 in 2024 [17] Group 5: Gold Market Speculation - A rumor circulated about a former chief analyst at Guohai Securities making a significant profit from gold futures trading, which was later denied as false [19][25] - The gold market has seen substantial price increases, with the main futures contract rising over 28% from late August to mid-October [26]

Core Insights - The unveiling of the new Proton Saga and Proton e.MAS 5 during the ASEAN Summit symbolizes the deepening industrial collaboration between China and Malaysia, particularly in the automotive sector [1][3] - The partnership between Geely and Proton represents a successful model of cooperation under the Belt and Road Initiative, showcasing how capital, technology, and management can revitalize a struggling national brand [3][11] Automotive Industry Developments - Proton, once a loss-making brand, has transformed into a strong player in the Malaysian market, ranking second in sales and market share due to Geely's systematic input of capital, technology, and management [1][3] - The establishment of the Automotive High-Tech Valley (AHTV) aims to create an annual production capacity of 500,000 vehicles and a supply chain of 1 million parts by 2035, enhancing Malaysia's position in the ASEAN automotive value chain [3][4] Electric Vehicle Transition - Proton is undergoing a full-chain upgrade from traditional fuel vehicles to electric vehicles, with the launch of the e.MAS 7 marking the beginning of Malaysia's electric mobility era [6][7] - The e.MAS 5, positioned as an affordable electric vehicle, aims to increase local acceptance of electric cars, further expanding Proton's electric product line [6][7] Employment and Economic Impact - The collaboration has created over 150,000 jobs in the value chain, with expectations for more high-quality employment opportunities as the AHTV project progresses [4][5] - AHTV is recognized as a key project under Malaysia's 13th Malaysia Plan, attracting significant foreign investment and positioning itself as a hub for next-generation electric vehicle technology [4][5] Globalization and Strategic Partnerships - Geely's strategy has evolved from simple product exports to comprehensive value chain outputs, including technology and talent, enhancing its global presence [8][10] - The establishment of a joint venture with Renault for powertrain development signifies Geely's integration into the global automotive supply chain, focusing on hybrid and alternative fuel technologies [10] Conclusion - The Geely-Proton partnership exemplifies a successful model of cooperation that leverages capital, technology, and policy to achieve mutual benefits and industrial upgrades, serving as a replicable example for other developing countries [11]

Group 1 - The 27th Hurun Rich List was released, featuring new entries from Lei Jun of Xiaomi and Li Shufu of Geely, with Li Shufu ranking 10th due to an increase of 80 billion, bringing his total wealth to 225 billion [1] - Li Shufu's family rose from 11th to 10th place, with Geely's core business being automotive manufacturing and continuous innovation in the industry [1] - Geely's stock price doubled over the past year, with a market capitalization nearing 180 billion as of the list's cutoff date [3] Group 2 - Li Shufu controls 11 listed companies, including Geely Auto, Polestar, and Lotus Technology, with a total market value of 353.3 billion as of June 16 [3] - Among the 11 listed companies, 5 are profitable while 6 are not, with Polestar projected to lose over 14.7 billion in 2024, an increase of 6.1 billion from 2023 [5] - Lei Jun's wealth surged by 196 billion, a 151% increase, propelling him to 5th place on the list, marking his return to the top five after ten years [5] Group 3 - Xiaomi's performance in the smart car and high-end smartphone markets has been strong, although its automotive business has yet to turn a profit [7] - On February 27, 2025, Xiaomi's stock briefly rose over 4%, increasing Lei Jun's net worth to 440 billion, surpassing Nongfu Spring's founder, but this was short-lived as the stock fell over 8% shortly after [7] - Notable figures in the electric vehicle sector, such as Zeng Yuqun of CATL and Wang Chuanfu of BYD, maintained high rankings, with Zeng's wealth increasing by 130 billion, a 65% rise [7]

Group 1: Market Overview - From October 1 to 26, the national passenger car market retail sales reached 1.613 million units, a year-on-year decrease of 7% compared to the same period last year, and a month-on-month decrease of 4%. Cumulative retail sales for the year reached 18.621 million units, a year-on-year increase of 8% [2][6] - During the same period, wholesale sales of passenger cars reached 1.871 million units, a year-on-year decrease of 1% and a month-on-month decrease of 5%. Cumulative wholesale sales for the year reached 22.718 million units, a year-on-year increase of 12% [2][10] - The retail penetration rate for new energy vehicles (NEVs) was 55.9%, while the wholesale penetration rate was 55.2% [3] Group 2: New Energy Vehicle Performance - Retail sales of NEVs from October 1 to 26 reached 901,000 units, a year-on-year increase of 0% and a month-on-month decrease of 8%. Cumulative retail sales for the year reached 9.771 million units, a year-on-year increase of 22% [2][3] - Wholesale sales of NEVs during the same period reached 1.034 million units, a year-on-year increase of 4% and a month-on-month decrease of 5%. Cumulative wholesale sales for the year reached 11.48 million units, a year-on-year increase of 29% [2][3] Group 3: Monthly Sales Trends - Daily average retail sales for the first week of October were 44,000 units, a year-on-year decrease of 18% and a month-on-month decrease of 5%. The second week saw an increase to 85,000 units, a year-on-year increase of 7% and a month-on-month increase of 38% [5][9] - The third week recorded daily average retail sales of 63,000 units, a year-on-year decrease of 3% and a month-on-month decrease of 2%. The fourth week saw 69,000 units, a year-on-year decrease of 9% and a month-on-month decrease of 22% [6][10] Group 4: Inventory and Production Insights - As of September 2025, the inventory of the national passenger car industry was 3.28 million units, an increase of 120,000 units from the previous month and 260,000 units from the same month last year [11] - The production of pure fuel light vehicles from October 1 to 26 was 827,000 units, a year-on-year increase of 4% but a month-on-month decrease of 9%. The production of hybrid and plug-in hybrid vehicles was 516,000 units, a year-on-year decrease of 7% but a month-on-month increase of 10% [3][10] Group 5: Export Performance - From January to September 2025, China exported 5.71 million vehicles, a year-on-year increase of 21%. In September alone, exports reached 763,000 units, a year-on-year increase of 26% [12][15] - The export of NEVs during the same period reached 2.32 million units, a year-on-year increase of 52%, significantly higher than the 22% growth rate in the same period of 2024 [12][15]

发布会现场，演员李乃文以首位车主身份分享选车标准，强调新车对全场景出行的覆盖能力。smart品牌全球公司CMO张明 霞则化身"心声翻译官"，透露新车回应了年轻用户对自由、家庭用户对责任与浪漫的双重需求。 smart品牌全球公司CEO佟湘北则在发布会上强调，梅赛德斯-奔驰与吉利在研发中"投入不设上限"，核心部件均选用行业顶 尖配置，"买豪华混动SUV，选#5 EHD超级电混就对了"。 其中，smart #5 EHD超级电混基于吉利最新一代雷神电混2.0技术打造，CLTC综合续航达1615公里，亏电油耗为 4.4L/100km。其发动机热效率达47.26%，为当前行业量产最高水平，配合三挡DHT无感换挡技术，强调"稳、顺、静、省、 远"五大优势。 同时，新车延续梅赛德斯-奔驰全球设计语言，提供5种外观颜色与2种内饰风格。车内搭载沉浸式AMD 5屏智能座舱及零重 力座椅，配合20扬声器森海塞尔音响与256色氛围灯，主打"紧凑于外、宽适于内"的空间理念，得房率达85%，后备厢容积 可在625L至1525L间灵活调整。 10月28日，smart品牌宣布首款插电混动SUV——#5 EHD超级电混上市，限时到手价16.99 ...

Group 1: Financial Performance - In the first three quarters of 2025, the company achieved operating revenue of 3.506 billion CNY, a year-on-year increase of 28.93% [2] - Net profit attributable to shareholders was 221 million CNY, up 20.42% year-on-year [2] - The net profit after deducting non-recurring gains and losses was 204 million CNY, reflecting an 18.09% increase [2] - The net cash flow from operating activities reached 388 million CNY, growing by 28.58% [2] - In Q3 2025, the company reported operating revenue of 1.44 billion CNY, a 40.15% year-on-year growth [2] Group 2: Business Segmentation - The main application area for the company's products is the new energy vehicle sector, accounting for 83.6% of revenue [4] - The energy storage system application area contributed 10.9% to revenue, while other sectors like industrial equipment, medical devices, and consumer electronics made up approximately 5.5% [4] - Emerging markets such as low-altitude economy and AIDC servers generated revenues of about 9 million CNY and 19 million CNY, respectively [4] Group 3: Industry Focus and Partnerships - The new energy vehicle sector is the primary source of revenue and profit, with strong partnerships with major battery manufacturers like CATL and others [5] - The company is expanding collaborations with automotive manufacturers, including XPeng Motors and Volvo, and is successfully advancing business with North American clients [5] Group 4: Market Trends and Innovations - The company is benefiting from the increasing penetration of new energy vehicles and rapid growth in the energy storage industry [3] - The company is actively involved in the AIDC power supply sector, meeting strict requirements for high current, low loss, and thermal resistance [7] - The company has established a production base in Slovakia as part of its international strategy, achieving significant results in overseas market expansion [7]

Core Insights - The newly launched ZEEKR 7X offers three configurations with prices ranging from 219,800 to 269,800 yuan after trade-in benefits, emphasizing its competitive pricing strategy in the electric SUV market [1] Product Overview - The ZEEKR 7X maintains a unique SUV design amidst a homogenized electric SUV market, featuring a spacious interior and advanced safety configurations, appealing to family users [3] - The vehicle is built on the SEA architecture, boasting an 83.34% space utilization rate, with rear legroom of 1187mm and a trunk capacity of 905L, along with 40 storage compartments [3] - Interior enhancements include graphene heating, electric reclining seats, and a 6-inch touch screen for rear passengers, contributing to a luxurious experience [3] Performance Specifications - The ZEEKR 7X is equipped with a 900V electric motor and advanced thermal management systems, optimizing range and performance [5] - The 75kWh battery version can gain 425km of range with just 10 minutes of charging, while the 103kWh version achieves a peak charging power of 620kW, with a maximum range of 802km [5] - The four-wheel-drive model features a peak power of 585kW and can accelerate from 0 to 100 km/h in just 2.98 seconds, showcasing its high-performance capabilities [5] Safety Features - The ZEEKR 7X has received dual five-star safety ratings from E-NCAP and C-NCAP, incorporating ten advanced safety technologies [7] - It features a robust body structure and a 720° active safety system, which includes automatic emergency braking and obstacle recognition capabilities [7] Intelligent Configurations - The vehicle comes standard with laser radar and the ZEEKR AD H7 system, supporting advanced navigation and parking functionalities [7] - The smart cockpit is equipped with a 36.21-inch AR-HUD and a 16-inch 3.5K central display, enhancing user interaction through integrated AI features [7]