2025年11月21日，第二十三届广州国际汽车展览会盛大启幕。 仰望汽车携全球限量超跑U9 Xtreme、全尺寸行政豪华SUV仰望U8L鼎世版及超级四电旗舰轿车仰 望U7重磅登场。时值品牌发布第三年收官之际，仰望集中展示年度技术及产品成果，更彰显品牌与用 户共同成长的全新进程。 其中，仰望U9X继拿下全球极速、圈速"双第一"之后，再度征服国内四大赛道，刷新量产车圈速纪 录；仰望U7发布"星河蓝"配色等全新选择，并同步宣布全新主张"自在掌控"，共同诠释极致驾驭与优雅 风范；仰望U8L鼎世版此前已正式上市并开启交付，广受中国企业家群体认可。 历经三年发展，仰望已成功构建覆盖超级跑车、旗舰SUV与豪华轿车的完整产品体系，依托全栈自 研的核心技术架构，在全球新能源汽车领域保持领先地位。仰望始终以极致技术创新和用户体验，持续 满足高端用户不断升级的出行需求，更为重要的是，品牌秉持"与用户共同成长"的理念，"卖一台车， 交一个朋友"，构建了独具特色的品牌与用户深度联结体系。 编辑：牛朝阁 ...

广州车展前夕，仰望U8L鼎世版通过了一系列极限测试。在日前公开的大树倾倒压顶测试中，车辆经受 住2吨重大树的多次连续砸击，车身结构完好。同时，U8L搭载的远近红外夜视系统，在模拟能见度小 于50米的大雾、大雨及突遇强光直射等极端夜间行车测试中，可在300米距离内稳定识别有碰撞风险的 车辆、行人及大型动物。近期，慕思集团、大自然家居、木林森集团、文新毛尖集团等多家知名企业的 掌舵人成为U8L鼎世版首批车主。 责任编辑：刘万里 SF014 前不久，仰望U9X以6分59秒的成绩，登陆纽北官方圈速榜单，刷新量产电车圈速纪录。并且，仰望 U9X以496.22km/h的极速成绩，刷新全球汽车极速纪录。仰望U9X带着从纽北积累的经验，再度回到国 内赛道，持续深耕中国本土化赛道验证体系。目前，仰望U9X在国内四大赛道的工程验证已经全部完 成，刷新上海、珠海、株洲、成都天府国内四大赛道量产车圈速纪录。 基于与仰望U9同源的仰望架构，仰望U7搭载分布式驱动系统易四方、全主动车身控制系统云辇-Z，拥 有1300匹马力，配合"天神之眼A"驾驶辅助三激光版。基于用户心声与产品优势，仰望正式发布U7全新 产品主张"自在掌控"。车展现场， ...

Core Insights - In October, China's new energy vehicle (NEV) sales reached 1.715 million units, a year-on-year increase of 20%, accounting for 51.6% of total vehicle sales, marking a significant milestone in the market [1] - The growth of NEVs is driven by both domestic and international markets, with pure electric vehicles (EVs) being the main growth engine [1] - Domestic sales of NEVs were 1.459 million units, up 12.1% year-on-year, with pure EV sales at 943,000 units, a 28% increase, contributing 77% of the domestic NEV sales growth [1] - Exports of NEVs reached 256,000 units, a staggering 99.9% increase, with plug-in hybrid electric vehicle (PHEV) exports growing 2.7 times [1] Domestic Market Performance - Pure electric vehicles are the core growth driver in the domestic market, with top-selling models including Geely Xingyuan, Wuling Hongguang Mini EV, BYD Seagull, Tesla Model Y, and Xiaomi SU7, all being pure electric [1] - The "old-for-new" policy has significantly supported NEV sales this year, but its effectiveness may diminish next year without increased support [2] - The gradual reduction of NEV purchase tax exemptions starting next year may lead to a demand pull-forward into Q4 of this year [2] Export Market Challenges - Chinese NEV manufacturers face increasing trade barriers and intense competition in international markets, particularly from established brands in Europe, the US, and Japan [3] - Existing brands hold over 60% market share in Africa, Europe, and South America, and over 85% in Oceania and North America, posing significant challenges for Chinese exports [3] Policy and Industry Development - The government needs to establish a stable policy framework to support NEV consumption, including clarifying the continuation of the "old-for-new" policy and ensuring effective implementation of tax exemptions [4] - The industry must focus on technological innovation and brand enhancement, particularly in electric and intelligent vehicle technologies [4] - Companies should leverage strategic opportunities to build brand recognition and engage in mergers and acquisitions to strengthen their global presence [4] Infrastructure and Regulatory Environment - Optimizing the domestic charging infrastructure and ensuring compliance with construction requirements for charging facilities in residential areas is crucial for sustainable NEV development [5] - The focus should shift from quantity growth to quality improvement, enhancing industry standards and market regulation [5] - Internationally, enhancing cooperation mechanisms can help address trade barriers and support companies in expanding their overseas markets [5]

重庆长安汽车股份有限公司副总裁、深蓝汽车董事长邓承浩分享了深蓝汽车原力电动技术平台的发展、 成果及未来规划。该平台2022年正式推出，有原力超级电驱、超级增程、金钟罩电池三大内核，第一代 累计产销破100万台并获多项奖项。第二代平台即将量产，在电驱效率、增程发电、电池安全与快充等 方面升级，还强化电动化与底盘、能源、AI的融合。 聚焦动力电池突破 电池作为新能源汽车核心部件，其技术突破与安全标准成为论坛焦点。欧阳明高表示，磷酸铁锂电池因 寿命长、安全性好、成本低，目前市场占有率较高，至少30年不会被替代；今后要发展高比能量的全固 态电池，预计2030年前正极以高镍三元为主，负极逐步升级，2027～2030年能力密度在400Wh/kg的产 品或实现产业化，2035年左右500Wh/kg产品或落地，需避免对消费者传递错误预期。 近日，第三十二届中国汽车工程学会年会暨展览会在重庆举行。其中，新能源汽车主论坛以"低碳 驱动变革，车能融合创新-构建新能源汽车技术生态链"为主题，汇聚学界泰斗、企业领袖与行业专家， 围绕新能源汽车新技术、新模式、新生态展开深度研讨，为全球绿色转型背景下的产业发展指明方向。 推动技术升级与能 ...

Core Insights - Lantu Motors has achieved a significant milestone by rolling out its 300,000th vehicle, making it the first high-end new energy brand under a central state-owned enterprise to reach this scale, marking a crucial point in Dongfeng Motor's goal of achieving 1 million new energy vehicle sales this year [1] - The company has demonstrated remarkable growth, achieving a compound annual growth rate of 103.2% from 2022 to 2024, ranking among the top three high-end new energy brands in China [2] - Lantu Motors has also improved its profitability, with gross margins increasing from 8.3% in 2022 to 21.0% in 2024, and further to 21.3% in the first seven months of 2025, making it the second highest in the new energy vehicle industry [2] Company Performance - Lantu Motors delivered 82% year-on-year growth in cumulative deliveries from January to October 2025, achieving a "nine consecutive months" increase [2] - The company has achieved its first quarterly profit in Q4 2024 and has been the fastest in the industry to reach positive operating cash flow [2] - The Lantu Tai Shan model features advanced technology, including Huawei's ADS Ultra and HarmonyOS, and is the first domestic model equipped with a three-chamber air suspension system, typically found in luxury vehicles [2] Production Efficiency - Lantu Motors utilizes digital technologies such as 5G, big data, and cloud computing to drive efficient production, enabling mixed-flow production of various configurations [3] - The company operates two production bases, achieving an average of one vehicle rolling off the line every 63 seconds, indicating strong production and sales momentum [3]

Core Insights - From January 1, 2024, China's new energy vehicle (NEV) purchase tax will shift from full exemption to a 50% reduction, leading to a new consumption peak in the NEV market due to the combination of policy changes and the traditional year-end sales season [1][5] - Dealerships are experiencing significant increases in customer traffic and order volumes, with reports indicating a nearly 60% rise in some locations [3][5] - The policy adjustment is seen as a pivotal step in transitioning the NEV industry from a "price war" to a "value war," encouraging higher quality and technological advancements in vehicle production [6][8] Industry Response - Dealerships are enhancing service offerings, including better resource availability and clear communication of policy details to help consumers make informed purchasing decisions [5] - The China Automobile Dealers Association emphasizes that the new tax policy will drive automakers to invest more in core technology development, focusing on product quality and efficiency rather than competing solely on price [6][8] - The introduction of stricter technical standards is expected to foster innovation and help the NEV sector move towards sustainable and healthy development [8]

Industry Overview - In the first 19 days of October, the retail sales of new energy passenger vehicles in China reached 632,000 units, a year-on-year increase of 5% and a month-on-month increase of 2%, with a retail penetration rate of 56.1% [1] - The wholesale volume of new energy passenger vehicles during the same period was 676,000 units, showing a year-on-year growth of 6% and a month-on-month growth of 5%, with a wholesale penetration rate of 58.5% [1] - Cumulatively, from January to October 19, the retail sales of new energy passenger vehicles reached 9.502 million units, a year-on-year increase of 23%, while wholesale reached 11.123 million units, a year-on-year increase of 30% [1] Production and Sales Growth - In September, the production of new energy vehicles reached 1.58 million units, reflecting a year-on-year growth of 20.3% [2] - For the first nine months of the year, production and sales of new energy vehicles in China reached 11.243 million and 11.228 million units respectively, with year-on-year growth rates of 35.2% and 34.9% [2] - New energy vehicle sales accounted for 46.1% of total new car sales in China [2] Supply Chain Developments - Zhejiang Huayou Cobalt Co., Ltd. signed a supply agreement with LG Energy Solution for the supply of 76,000 tons of ternary precursor products from 2026 to 2030 [3] - Huayou Cobalt's subsidiary in Hungary is expected to supply 88,000 tons of ternary cathode materials to LGES and its Polish factory during the same period [3] Industry Expansion and Innovation - Ningbo Ronbay New Energy Technology Co., Ltd. is accelerating its industrialization process, with plans for a 6,000-ton annual precursor production line in South Korea and a 25,000-ton ternary cathode capacity in Poland expected to be operational by mid-next year [4] - The expansion of the new energy vehicle industry and technological innovations are expected to drive growth in the upstream battery materials sector [4] - Solid-state battery safety breakthroughs are a focus for several battery material companies, with advancements reported by Wanxiang Qianchao Co., Ltd. [4] Strategic Recommendations - New energy vehicle companies are advised to focus on technological innovation, business expansion, and strategic collaboration to enhance high-quality development [5] - Emphasis should be placed on key technological breakthroughs, expanding into emerging sectors like fast charging and smart chassis, and forming industry alliances to improve competitive advantages [5]

Core Viewpoint - Lantu Automotive has submitted its listing application to the Hong Kong Stock Exchange, marking a significant step towards its IPO, reflecting the emphasis on high-quality development in the new energy vehicle sector by Dongfeng Motor and Lantu's efficient execution [1][4]. Group 1: Market Context - The Hong Kong stock market has been active since 2025, with over HKD 60 billion raised in new stock offerings this year, particularly in hard technology, new energy, and new consumption sectors [3]. - The capital market's focus on leading innovative enterprises and strategic future industries is evident, with new energy vehicle companies leveraging Hong Kong's international advantages for global expansion [3]. Group 2: Company Performance - Lantu Automotive has shown robust growth, with vehicle sales projected to increase from approximately 19,400 units in 2022 to 80,100 units in 2024, achieving a compound annual growth rate (CAGR) of 103.2% [6]. - Revenue has also surged, with Lantu's income expected to rise from CNY 6.05 billion in 2022 to CNY 19.36 billion in 2024, reflecting a CAGR of 78.9% [7]. - The company's gross margin has improved significantly, from 8.3% in 2022 to 21.0% in 2024, with a gross margin of 21.3% reported for the first seven months of 2025 [7]. Group 3: Product Development - Lantu has established a diverse product matrix, including three flagship models: Lantu Dreamer, Lantu Taishan, and Lantu Zhaiguang, covering sedans, SUVs, and MPVs with various powertrain options [8][11]. - The Lantu Dreamer MPV has gained significant market traction, with sales reaching 47,000 units in 2024, making it the second-best-selling new energy MPV [8]. Group 4: Technological Innovation - Lantu Automotive has developed a comprehensive technology innovation system, focusing on platform architecture, power systems, and intelligent driving technologies, which positions it as a leader in the industry [16][18]. - The company holds over 1,500 granted patents and nearly 4,800 pending patents, showcasing its rapid innovation capabilities in the new energy vehicle sector [18]. Group 5: Strategic Partnerships - Lantu has formed strategic partnerships with major tech companies like Huawei and CATL to enhance its product offerings and technological capabilities, particularly in smart driving and battery safety [19][21]. - The collaboration with Huawei aims to advance L3 conditional autonomous driving and improve user experience through intelligent cockpit systems [21]. Group 6: Future Outlook - Lantu plans to expand its product lineup to 6-9 models by 2026, enhancing its market presence and operational capabilities while focusing on high-quality channel development [13]. - The company aims to leverage its unique position as a state-owned enterprise with market-driven innovation to compete effectively in the high-end new energy vehicle market [21].

Core Insights - Zhejiang Leapmotor Technology Co., Ltd. officially launched its self-developed flagship D platform and the first full-size flagship SUV, Leapmotor D19, marking its entry into the luxury flagship market [1][2] Group 1: Company Performance - Leapmotor has delivered nearly 400,000 vehicles from January to September 2025, leading the new car-making forces and achieving a record of seven consecutive months of delivery [2] - The company has expanded into over 30 countries, establishing nearly 700 sales and service outlets, with strong performance in key European markets such as Germany, France, Italy, and Spain [2] - Leapmotor achieved its first half-year net profit in the first half of 2025, with a record high gross margin, indicating strong profitability and sustainable growth potential [2] Group 2: Technological Advancements - The D platform integrates multiple industry-first technologies, including a flagship range extender with an 80.3 kWh battery providing a 500 km pure electric range, and an innovative intelligent four-wheel drive range extender system [3] - The platform features a 115 kWh super hybrid battery cell that addresses the "impossible triangle" of battery energy, safety, and lifespan [3] - The D platform includes advanced features such as a dual 8797 central domain controller providing 1280 TOPS computing power for VLA assisted driving and a health-oriented "forest oxygen cabin" [3] Group 3: Product Strategy - The D19 model aims to be the "top configuration among top configurations" and emphasizes flagship-level performance in range, intelligence, driving control, safety, comfort, and aesthetics [4] - The launch of the D platform and D19 signifies a new phase in Leapmotor's technology system and product layout, completing a comprehensive product matrix covering sedans, SUVs, and MPVs [4]

Core Viewpoint - Leap Motor officially launched its flagship D platform and the first model, the luxury flagship SUV D19, emphasizing a "million-level" technology platform and a new luxury travel experience [1][45]. Group 1: Vehicle Specifications - The D19 features an 80.3 kWh large battery with a pure electric range of 500 km, supplemented by a 40L fuel tank, making electric power the primary source and fuel a backup [3][10]. - The vehicle supports 800V fast charging and is equipped with CATL's new "super hybrid system battery," claiming to be the world's first to integrate lithium iron phosphate and ternary lithium into a single cell [3][10]. - The D19 offers two versions: a pure electric version with a 115 kWh battery and a range of up to 720 km, and a range-extended version with a powertrain layout of an engine and dual motors [25][27]. Group 2: Performance and Technology - The D19 boasts a comprehensive power output of 540 kW for the pure electric version and 400 kW for the range-extended version, with acceleration times of 3 seconds and 4 seconds respectively [32]. - It features advanced technologies such as a 34-in-1 super thermal management module, a full-stack 1000V three-electric system, and a dual vector electric drive for precise torque distribution [16][33]. - The vehicle is equipped with high-performance AI capabilities, utilizing Qualcomm's dual 8797 chips, providing 1280 TOPS of computing power for intelligent cockpit and VLA-assisted driving [25][22]. Group 3: Safety and Comfort - The D19 incorporates 16 sections of 2GPa high-strength steel and a ten-layer battery safety protection system, ensuring high safety standards [40][42]. - It features a luxurious interior with Nappa full-grain leather, a 60-inch AR-HUD, and zero-gravity seating, designed to enhance passenger comfort [43][44]. - The vehicle includes advanced driving assistance features such as AEB functionality and dynamic steering assistance, aimed at improving safety during various driving conditions [41][37].