(作者：焦文娟编辑：吴晓宇) 在银河M9上市发布会后，吉利汽车集团CEO淦家阅对21世纪经济报道等媒体表示，围绕智能驾驶的战 略布局，吉利已与千里科技（601777）共同成立合资公司——千里智驾。根据规划，合资公司的股权架 构为吉利、千里科技与迈驰各持股30%，路特斯持股5%。他进一步透露："未来，我们将在千里智驾之 下设立一家名为'千里浩瀚'的公司。穿透下来，吉利的持股比例超过60%。这专门为吉利提供辅助驾驶 服务。" ...

【导读】吉利高管透露正在规划"2030战略"，重点布局AI、"天地一体化" 在9月17日晚间吉利银河M9上市后，吉利汽车集团副总裁、吉利汽车研究院院长李传海接受群访时称， 公司正在规划"2030战略"，在AI方面会有更多布局，"天地一体化"布局是主要发力方向之一。 吉利整车研究院院长易新宇表示，吉利是按照"智能吉利2025"的思路在扎扎实实投入，包括卫星、AI技 术、电池、安全、辅助驾驶等，最后汇聚在一起才有底气说要造一款旗舰车型。 AI在下一阶段将有更多布局 "我们认为，AI在下一代战略层面起的作用会更大。"李传海表示，吉利正在规划的"2030战略"，对于AI 会有更多布局，以此将吉利打造成一家真正的科技公司。 "在AI这方面，我们还有非常多的想象空间。"李传海表示，未来，吉利在安全域、健康域也会大量应用 AI相关的能力。 吉利星座组网进程加速 "天地一体化"布局是主要发力方向 在"智能吉利2025"战略目标中，打造"智能科技生态网"包含卫星星链等科技新基建。李传海在接受采访 时表示："不知道大家有没有注意到，今年吉利星座发射卫星的速度加快了很多。" 2021年，吉利就发布了"智能吉利2025"战略，明确未 ...

吉利整车研究院院长易新宇表示，吉利是按照"智能吉利2025"的思路在扎扎实实投入，包括卫星、AI技 术、电池、安全、辅助驾驶等，最后汇聚在一起才有底气说要造一款旗舰车型。 AI在下一阶段将有更多布局 "我们认为，AI在下一代战略层面起的作用会更大。"李传海表示，吉利正在规划的"2030战略"，对于AI 会有更多布局，以此将吉利打造成一家真正的科技公司。 2021年，吉利就发布了"智能吉利2025"战略，明确未来发展的大方向是通过智能化、AI大模型落地，为 产品和企业赋能。 中国基金报记者 邱德坤 在9月17日晚间吉利银河M9上市后，吉利汽车集团副总裁、吉利汽车研究院院长李传海接受群访时称， 公司正在规划"2030战略"，在AI方面会有更多布局，"天地一体化"布局是主要发力方向之一。 "天地一体化"布局是主要发力方向 在"智能吉利2025"战略目标中，打造"智能科技生态网"包含卫星星链等科技新基建。李传海在接受采访 时表示："不知道大家有没有注意到，今年吉利星座发射卫星的速度加快了很多。" 9月9日，带有"LYNK & CO领克"涂装的捷龙三号运载火箭，再次以"一箭11星"方式将"领克900"号等吉 利星座第五 ...

【导读】吉利高管透露正在规划"2030战略"，重点布局AI、"天地一体化" 中国基金报记者 邱德坤 在9月17日晚间吉利银河M9上市后，吉利汽车集团副总裁、吉利汽车研究院院长李传海接受群访 时 称，公司正在规划"2030战略"，在AI 方面会有更多布局，"天地一体化"布局是主要发力方向之一。 吉利整车研究院院长易新宇表示，吉利是按照"智能吉利2025"的思路在扎扎实实投入，包括卫星、AI技术、电池、安全、辅助驾驶等，最 后汇聚在一起才有底气说要造一款旗舰车型。 AI在下一阶段将有更多布局 "我们认为，AI在下一代战略层面起的作用会更大。"李传海表示，吉利正在规划的"2030战略"，对于AI会有更多布局，以此将吉利打造成 一家真正的科技公司。 2021年，吉利就发布了"智能吉利2025"战略，明确未来发展的大方向是通过智能化、AI大模型落地，为产品和企业赋能。 李传海介绍，经过这几年的布局，吉利在AI的"三驾马车"——算力、算法和数据领域，相较于其他车企处于相对领先的状态。 以算力和算法为例，吉利星睿智算中心2.0的算力达23.5EFLOPS（每秒百亿亿次浮点运算），同时发布星睿AI大模型体系，包含语言大模 型 ...

本文由 AI算法生成，仅作参考，不涉投资建议，使用风险自担 【世昌股份明日上市，锦华新材申购结果出炉】明天，世昌股份将上市。公司主营汽车燃料系统研产 销，产品汽车塑料燃油箱用于插电式混合动力汽车。2022年起，已成为吉利、奇瑞等多款新能源车型高 压塑料燃油箱定点供应商，属高新技术企业。预计其首日价格在45 - 55元左右，若有大资金进入，不排 除成牛股。建议每100股等达合理预期再卖，密切关注换手率和均线，可分批卖出。开盘换手率达8%以 上，首日较强势；走势在均线之上，后市可期。若开盘50元左右，冲高时可考虑全卖或卖大部分；开盘 45元左右，在均线附近分批卖；价格不及预期，40元以下可考虑持有，但当天建议全卖出。今日，锦华 新材申购结果公布，本次申购不卷资金卷碎股。申购资金8511.9亿元，超世昌股份等多只股，因顶格上 限高、100正股门槛低，头尾资金进入多。有效申购户数524,875户，少于多只股，网上发行获配户数 100,358户，为近期最高。正股门槛274万元左右符合预期，碎股门槛高达580.074万元，碎股至少在5.5 - 6万户间。截至晚8：30，奥美森消息未出，预计明天公布。其顶格约783.75万 ...

1. Report Industry Investment Rating No information provided in the content. 2. Core Views of the Report - In the 37th week of 2025 (from September 8th to September 14th), the single - week retail sales of passenger cars were 453,000 units, a year - on - year decrease of 4.1%. Since the beginning of this year, the retail sales have reached 1.5182 million units, a year - on - year increase of 6.3%. The single - week retail sales of new energy passenger cars were 270,000 units, a year - on - year increase of 6.3%. Since the beginning of this year, the retail sales have reached 791,500 units, a year - on - year increase of 22.7%. The year - on - year growth rate has slowed down due to the high base and the termination of subsidies in some regions this year [1][11]. - The single - week penetration rate of new energy vehicles reached 59.6%, and the cumulative penetration rate for the year was 52.1%, showing a slow upward trend [1][21]. - The new energy vehicle market pattern is constantly changing. Traditional car companies such as Geely, Changan, and Chery are achieving excellent performance in new energy vehicle sales, and new brands like Xiaomi are bringing new variables to the market. Car companies like BYD, Tesla, and Li Auto have negative year - on - year growth, while XPeng, NIO, Leapmotor, Xiaomi, and Voyah maintain relatively high growth rates [2][27]. 3. Summary According to the Directory 3.1 Passenger Car Market Weekly Overview - In the 37th week of 2025, the single - week retail sales of passenger cars were 453,000 units, a year - on - year decrease of 4.1%. Since the beginning of this year, the retail sales have reached 1.5182 million units, a year - on - year increase of 6.3%. The single - week retail sales of new energy passenger cars were 270,000 units, a year - on - year increase of 6.3%. Since the beginning of this year, the retail sales have reached 791,500 units, a year - on - year increase of 22.7%. The growth rate has slowed down due to the high base and subsidy termination [1][11]. - By power type, in passenger cars, traditional fuel, hybrid, and new energy vehicles had retail sales of 167,000 units, 16,000 units, and 270,000 units respectively, with year - on - year changes of - 16.2%, - 15.1%, and 6.3%, accounting for 36.8%, 3.6%, and 59.6% of passenger cars respectively. In new energy passenger cars, pure - electric, plug - in hybrid, and extended - range vehicles had retail sales of 180,000 units, 68,000 units, and 23,000 units respectively, with year - on - year changes of 23.0%, - 14.5%, and - 21.3%, accounting for 66.5%, 25.1%, and 8.4% of new energy passenger cars respectively [22]. - By production attribute, in passenger cars, self - owned and joint - venture brands had retail sales of 307,000 units and 147,000 units respectively, with year - on - year changes of 2.9% and - 16.0%, accounting for 67.7% and 32.3% of passenger cars respectively. In new energy passenger cars, self - owned and joint - venture brands had retail sales of 243,000 units and 27,000 units respectively, with year - on - year changes of 7.9% and - 6.1%, accounting for 89.8% and 10.2% of new energy passenger cars respectively [24]. 3.2 Key New Energy Vehicle Companies' Sales Analysis - **Overall Situation**: In the 37th week, BYD sold 71,000 units, Geely Automobile 33,000 units, SAIC - GM - Wuling 19,000 units, Tesla (China) 15,000 units, Changan Automobile 14,000 units, Chery Automobile 10,000 units, and Hongmeng Zhixing 10,000 units. Among new - force car companies, Leapmotor sold 13,000 units, Xiaomi 10,000 units, Wenjie 9,000 units, XPeng and Li Auto 8,000 units each, and NIO 6,000 units [2][27]. - **BYD**: The weekly sales were 71,000 units. Since July, the year - on - year growth rate has turned negative. The cumulative sales this year reached 2.28 million units, with a year - on - year growth rate of 2.6%. The sales of pure - electric and plug - in hybrid (including extended - range) models are basically half and half. From January to August this year, the global cumulative sales were 2.864 million units, and the overseas cumulative sales of passenger cars and pick - up trucks were 630,000 units [31]. - **Geely Automobile**: The weekly sales were 49,000 units, including 33,000 new energy vehicles. The electrification rate of the car company is about 67%. The cumulative sales this year reached 1.591 million units, with a year - on - year growth of 48.2%, and the cumulative new energy sales were 942,000 units, with a year - on - year growth of 99.3% [33]. - **SAIC - GM - Wuling**: The overall weekly sales of passenger cars were 20,000 units, including 19,000 new energy vehicles. The electrification rate of the car company is as high as 91%. The cumulative sales this year reached 573,000 units, with a growth rate of 19.8%, and the new energy sales were 492,000 units, with a growth rate of 36.1%. Pure - electric models dominate the sales [36]. - **Changan Automobile**: The overall weekly sales of passenger cars were 23,000 units, including 14,000 new energy vehicles. The electrification rate of the car company is about 59%. The cumulative sales this year reached 821,000 units, with a year - on - year growth of 2.0%, and the new energy sales were 408,000 units, with a year - on - year growth of 18.7% [41]. - **Chery Automobile**: The overall weekly sales of passenger cars were 23,000 units, including 10,000 new energy vehicles. The electrification rate of the car company is about 43%. The cumulative sales this year reached 843,000 units, with a year - on - year growth of 24.0%, and the new energy sales were 302,000 units, with a year - on - year growth of 66.7% [46]. - **Tesla**: The weekly sales in China were 15,000 units. The cumulative sales this year reached 395,000 units, with a year - on - year negative growth of - 6.7%. The sales of Model 3, Model Y, and Model Y L were about 5,000 units, 9,000 units, and 1,000 units respectively. Tesla has launched multiple preferential activities this year, and the price of the long - range version of Model 3 has increased since July 1st [51]. - **Hongmeng Zhixing**: The weekly sales were 10,000 units, including about 9,000 units of Wenjie. The Shangjie H5, a new car in cooperation with SAIC, is planned to be officially launched in September [54]. - **New - Force Car Companies**: Leapmotor sold 13,000 units, Xiaomi 10,000 units, Wenjie 9,000 units, XPeng and Li Auto 8,000 units each, and NIO 6,000 units. XPeng, NIO, Leapmotor, Xiaomi, Voyah, etc. maintained relatively high year - on - year growth rates [62].

陆兆福表示，"有了中马'两国双园'模式，双方将会在政策法规层面深度融合。因此，在这方面，它极 大增进了相互理解。" 他认为，目前中国企业对先进制造、半导体、电子电气等领域都颇感兴趣，马来西亚方面正在考虑如何 确保对稀土投资，稀土副产品制造以及汽车或航空航天产业的投资。 "对中国企业而言，他们可以将马来西亚作为进军全球市场的跳板。"他说。 《21世纪》：马来西亚东海岸铁路（ECRL）作为中马共建"一带一路"高质量合作的旗舰项目，全长约 665公里，横跨马来西亚4个州属。你如何看待该项目对马来西亚经济、民生等方面的影响？ 南方财经21世纪经济报道记者胡慧茵 香港报道 "马来西亚的经验表明，首先我们必须确保大型合作项目，必须对两国都具有长期影响。为了促使项目 取得成功，我们不能只关注短期合作，而必须是长期合作。"马来西亚交通部长陆兆福说。 9月10日，马来西亚交通部长陆兆福在香港参加第十届"一带一路"高峰论坛时接受了21世纪经济报道记 者的专访。他表示，着眼于更长远合作，是中马共建"一带一路"倡议可以跟外界分享的经验。 马来西亚是最早支持并积极参与共建"一带一路"倡议的国家之一，也是一个成功的样板。经过10多年的 ...

Investment Rating - The investment rating for the company is "Buy" [4]. Core Viewpoints - The company has signed a strategic cooperation agreement with Suzhou Nengsida to jointly develop flexible electronic skin based on natural leather and bio-based materials, which will help the company explore new application areas [1][2]. - The company is primarily engaged in the research, production, and sales of natural cowhide leather, with a focus on high-end products for well-known domestic and international brands [3]. - The company has established partnerships with several domestic automotive brands, positioning itself to capitalize on the growth opportunities in the new energy vehicle sector [3]. Financial Summary - Projected revenue for 2023 is 2,700 million yuan, with a year-on-year growth rate of 35.8%, and is expected to reach 3,738 million yuan by 2027 [1]. - The net profit attributable to the parent company is projected to be 186 million yuan in 2023, with a year-on-year growth rate of 23.7%, declining to 121 million yuan in 2025, and recovering to 216 million yuan by 2027 [1]. - The company's EPS is expected to be 0.63 yuan in 2023, decreasing to 0.41 yuan in 2025, and then increasing to 0.73 yuan by 2027 [1][3]. - The P/E ratio is projected to decrease from 22.5 in 2023 to 19.4 in 2027, indicating a potential improvement in valuation over time [1][3].

Summary of the Conference Call on China Auto Manufacturers Industry Overview - The conference call focused on the **China Auto Manufacturers** industry, particularly the performance of **New Energy Vehicles (NEVs)** in August 2025, as indicated by insurance retail sales trends and market share data. Key Points and Arguments 1. **NEV Market Share Growth**: - Major players such as **Tesla**, **SAIC GM Wuling**, **Nio**, **BYD**, and **Leapmotor** gained NEV market shares month-over-month (MoM) in August 2025. The sales of domestically produced NEV passenger vehicles (PV) increased by **12% MoM** and **8% year-over-year (YoY)**, aligning with expectations [2][10]. 2. **BEV Penetration Trends**: - Battery Electric Vehicle (BEV) penetration rose, while Internal Combustion Engine (ICE) sales penetration fell to **43.6%**, a decline of **2.2 percentage points (ppt) MoM**. BEV/PHEV/EREV trends showed increases of **2.3/0.7/-0.7 ppt MoM** respectively [3]. 3. **Market Share Changes**: - **Tesla**, **Nio**, **BYD**, and **Xiaomi** saw increases in BEV market share by **1.4/1.2/0.5/0.2 ppt MoM**. Conversely, **Geely** and **GAC** experienced declines of **1.3/0.8 ppt MoM** [3]. 4. **PHEV Market Dynamics**: - **Geely** and **Chery** gained PHEV market share by **2.4/0.8 ppt MoM**, while **GWM** and **Changan** lost share by **0.9/0.4 ppt MoM** [4]. 5. **EREV Market Performance**: - **Li Auto** lost EREV market share by **3.8 ppt MoM**, while **Dongfeng**, **Leapmotor**, and **Seres** gained shares of **2.2/1.1/0.9 ppt MoM** respectively [4]. 6. **ICE Market Share Trends**: - German brands increased their ICE market shares, while Chinese brands' ICE market share dipped slightly to **35.0%**, a decrease of **0.1 ppt MoM**. Notably, **Geely**, **GWM**, and **SAIC** gained ICE share by **1.2/0.7/0.5 ppt MoM** [4][5]. 7. **Tesla's Performance**: - Tesla's insurance retail sales for domestically produced vehicles reached **56,695 units**, a **38% increase MoM** but a **11% decrease YoY**. Wholesales totaled **83,192 units**, up **23% MoM** but down **4% YoY** [5][19]. 8. **Inventory Levels**: - Overall inventory for major OEMs decreased from **2.8 months** at the end of July to **2.6 months** at the end of August. Passenger vehicle inventory dropped to **2.2 months**, NEV inventory to **1.7 months**, while ICE inventory remained flat at **3.0 months** [6][24]. 9. **Local Brand Market Share**: - Local Chinese brands maintained a high NEV market share of **83.2%**, a decrease of **1.7 ppt MoM**, compared to US brands which increased to **12.4%** [7]. Additional Important Insights - The data indicates a competitive landscape where local brands are still dominant in the NEV sector, but foreign brands are gradually increasing their presence in the ICE market. - The trends in inventory levels suggest a tightening supply chain, which could impact future production and sales strategies for OEMs. - The performance of Tesla highlights the volatility in the market, with significant month-over-month fluctuations despite a year-over-year decline. This summary encapsulates the critical insights from the conference call regarding the current state and trends within the China Auto Manufacturers industry, particularly focusing on NEVs and market dynamics.

这个价格，差不多是主流插混六座SUV市场现有玩家价格的一半。当吉利汽车销售公司副总经理关久旸 透露，预售24小时订单已突破4万台时，行业内外都明白，吉利带着一套全新的打法，要来改写牌桌上 的秩序了。 吉利银河M9的目标很明确：用旗舰级的配置，打主流市场的价格，它要做的，就是一台"半价理想"。 作者 | 周智宇 编辑 | 张晓玲 在新能源汽车的牌桌上，大六座SUV市场已然成为一片红海。理想汽车以"奶爸车"的精准定位，将家庭 用户的需求挖掘到极致，并成功将价格锚定在30万以上时，吉利用一半的价格造了台车，冲向这片市 场。 9月17日，杭州，吉利银河M9正式上市，一个极具冲击力的价格也随之公开：限时起售价17.38万元。 "银河M9的定位，毫无疑问是银河品牌旗舰产品，"吉利汽车销售公司总经理范峻毅在采访中明确表 示，"它不但是要承担销量，还要承担品牌向上的使命"。 为了将银河M9打造成爆款，吉利下了一番功夫。 吉利整车研究院院长易新宇在采访中提到一个细节，在用户调研时，团队发现一个典型场景：购买六座 车型的用户，一定是先钻到第三排，去感受舒不舒服，想象父母孩子坐在里面的感觉，然后再回到主驾 看其他配置。 这个洞察， ...