撰 文 / 刘宝华 设 计 / 张 萌 "今天对大陆集团来说是伟大的一天。" 拥有154年历史的大陆集团2025年4月23日宣布拆分成两个独立公司，新闻发布会选择在上海车展媒 体日举行，大陆集团执行董事会成员兼汽车子集团首席执行官冯贺飞（Philipp von Hirschheydt）在 演讲开篇如是说。 这是去年8月宣布拆分计划后的尘埃落定。大陆集团监事会认为"大陆集团正面临百年历史中最大的 转型和变革"，拆分是他们应对变革和转型的措施之一。 从集团公司到专业公司 拆分后，轮胎业务和康迪泰克业务属于新大陆集团，另一部分成立独立的新公司，二者的销售额基 本都在200亿欧元左右，都有强大的技术基础作为支撑。发布会上宣布了新公司名称—— Aumovio。 "'Au'是automotive，也就是汽车，'mov'是移动，我们希望能够让我们的智能出行变得更安全、愉 悦、互联且自主，我们认为这是未来的趋势。'io'是innovation创新，我们希望能够有最新的技术解 决方案，这就是我们名字的意义。"Aumovio公司CEO冯贺飞解释。 4月25日大陆集团年度股东大会获得批准后，Aumovio计划于2025年9月在法兰 ...

Core Insights - Bosch has launched a new driver assistance brand "Bosch Horizon Driver Assistance" at the Shanghai Auto Show, which includes three product lines covering SAE Level 2 assistance systems [1][2] - The company emphasizes the rapid transformation of intelligent driver assistance in China and aims to leverage software and technology innovations to seize business opportunities in this sector [1][3] Group 1: Product Launches and Innovations - Bosch's new driver assistance solutions include the Supreme version aimed at urban driving, which is based on dual Orin-X chips and is set for mass production by the end of 2023 [2] - The company has also introduced a new generation multifunction camera and an upgraded version of the Bosch Horizon Driver Assistance, reinforcing its leadership in Advanced Driver Assistance Systems (ADAS) [2][3] - Bosch is developing a visual language model to enhance the understanding of complex traffic scenarios, such as tidal lanes and bus-only lanes [3] Group 2: Market Strategy and Collaborations - Bosch has established partnerships with five Chinese OEMs for high-speed and urban memory driving assistance, with most projects expected to go into mass production this year [3] - The company plans to expand its end-to-end model for urban driving assistance to high-speed roads and urban memory driving by the end of 2025 [2][3] Group 3: Business Performance and Future Outlook - Bosch's intelligent mobility business is the largest segment of the group, projected to generate €55.9 billion (approximately ¥462.5 billion) in sales for the fiscal year 2024, accounting for nearly 62% of total sales [4] - In 2024, Bosch's sales in China are expected to grow by 4%, reaching ¥116.6 billion, which represents a quarter of Bosch's global intelligent mobility sales [5] - The company has identified that 65% of new business opportunities in China over the next five years are related to intelligent and electrified solutions [5]

Core Insights - The Chinese automotive market is driving global market development, with new concepts and models emerging first in China, positioning it as the largest automotive market and a leader in automotive R&D [1][4] - Marelli is adapting to the Chinese market and aims to leverage successful experiences from China to promote globally [1] Group 1: Strategic Focus - Marelli is strategically positioned in both electrification and intelligence within the automotive industry, utilizing digital twin technology to enhance design, testing, and collaboration [2] - The company has significantly invested in new energy sectors, developing products like integrated thermal management modules and advanced display technologies to improve human-machine interaction [2][3] Group 2: Local and Global Integration - Marelli's strategy of "In China, for the world" emphasizes serving the local market while leveraging technological advancements from China to benefit global markets [2][3] - The establishment of the Asia-Pacific Innovation Center for automotive lighting in China aims to consolidate R&D resources and enhance local technological advantages [3] Group 3: Global Market Opportunities - The rise of Chinese automotive exports presents significant opportunities, with Marelli supporting Chinese automakers in international markets through localized solutions and global expertise [3] - Marelli has provided integrated solutions for projects like BYD's ethanol sensor technology in Brazil and collaborated with Changan to expand into the ASEAN market [3]

Core Viewpoint - SAIC Motor Corporation has shown signs of recovery in Q1 with improved net profit, but challenges remain ahead as the company navigates a competitive market and adjusts its strategies [2][3]. Financial Performance - In Q1, SAIC's vehicle sales reached 944,800 units, a year-on-year increase of 13.27% - Revenue was 140.8 billion yuan, a decline of 1.55% compared to the previous year [3]. - The net profit attributable to shareholders was 3.023 billion yuan, up 11.4% year-on-year, while the net profit excluding non-recurring items was 2.85 billion yuan, an increase of 34.4% [4]. Sales Dynamics - The increase in sales was primarily driven by SAIC-GM-Wuling, which sold 353,000 vehicles, marking a significant year-on-year growth of 57.58% - However, higher-margin joint venture brands experienced declines, with SAIC-GM down 2% and SAIC Volkswagen down 8% [4]. Cost Management - The improvement in profit was largely attributed to cost-cutting measures, with sales, management, and R&D expenses reduced by 5.45%, 7.14%, and 1.76% respectively - The proportion of these expenses relative to revenue was lower than the same period last year [4]. Strategic Initiatives - SAIC has been focusing on its "New Four Modernizations" strategy, which includes electrification and intelligent connectivity, and has established a software center to enhance its self-developed software capabilities [5]. - The new leadership has prioritized cost reduction and efficiency improvements, consolidating various technical and vehicle segments to optimize operations [5]. Collaboration and Future Outlook - The company is emphasizing partnerships, as seen in its collaborations with Huawei and other tech firms to enhance its smart vehicle capabilities - Adjustments in organizational structure and strategy execution are expected to take time, but are crucial for regaining competitiveness in the rapidly evolving automotive market [6].

Core Insights - ECX reported a revenue of 1.22 billion RMB (approximately 170 million USD) for Q1 2025, marking a 30% year-over-year increase [1] - The company achieved a gross profit of 240 million RMB (approximately 33.5 million USD), with a stable gross margin of 20% [1] - ECX's shipment volume surged by 81% year-over-year, reaching 684,000 units, with over 8.7 million vehicles equipped with its technology globally [1] Business Structure - The collaboration with Geely Galaxy has significantly contributed to the growth in shipment volume, with Geely Galaxy's sales increasing by over 290% in March [2] - ECX secured new project orders for eight new Geely models, enhancing its position as a provider of intelligent solutions within the Geely Group [2] - The launch of the Antora® 1000SPB central computing platform and the development of high-level intelligent driving solutions based on NVIDIA DRIVE AGX platform are key innovations driving growth [2] International Expansion - ECX is preparing to establish a global supply chain and R&D center in Singapore to strengthen its delivery capabilities in Southeast Asia and international markets [3] - A strategic partnership with HERE Technologies aims to develop a next-generation global vehicle navigation system, enhancing localized adaptation for global OEM clients [3] - The company is focused on optimizing product cost structures and improving operational efficiency to support growth in the smart automotive sector [3] Long-term Strategy - The management anticipates continued growth in demand for intelligent cockpits and advanced driver assistance systems from global OEMs [3] - The integration of generative AI in vehicle human-machine interaction and software platform development is expected to bolster future business growth [3] - ECX aims to enhance the modularity and compatibility of its hardware and software platforms to accelerate adaptation processes for mainstream overseas automakers [3] Global Operations - Over the past eight years, ECX has established 12 global operation centers in countries including China, the UK, the US, Germany, Sweden, and Malaysia [4] - The company serves a diverse range of clients, including major automotive manufacturers such as Volkswagen, Volvo, Geely, Polestar, Hongqi, Dongfeng, and Changan [4] - ECX is focused on building core capabilities in key technology areas such as chip modules, intelligent cockpits, central computing, AI models, and software platforms to enhance its technological pricing power and platform leadership [4]

Core Insights - The local supply chain is reshaping the global automotive industry landscape through technological breakthroughs, rapid response, and cost advantages, with future competition in the smart vehicle sector focusing on ecosystem collaboration and supply chain integration efficiency [1][2] Industry Developments - The 2025 Shanghai Auto Show featured a dedicated "China Chip Exhibition Area," showcasing over 1,200 domestic automotive chips from more than 150 member units of the China Automotive Chip Industry Innovation Strategic Alliance, marking the largest participation in history [1] - Intel debuted its second-generation SDV (AI-enhanced Software Defined) SoC at the auto show, collaborating with Black Sesame Intelligence to develop an integrated cockpit and driving assistance platform, which is set to support scenarios from L2+ to L4 and aims for a reference design release in Q2 2025 [2] Competitive Landscape - The global smart driving assistance chip market is experiencing a shift as domestic chip companies like Horizon Robotics and Black Sesame Intelligence gain traction, challenging the dominance of Nvidia and Tesla [3][4] - A report from Founder Securities indicates that in 2024, the global installation volume of smart driving domain control chips is projected to reach 5.28 million units, with Nvidia's Drive Orin-X series holding nearly 40% market share and Tesla's FSD at 25.1% [3] Strategic Collaborations - Black Sesame Intelligence has initiated mass production of its first domestic single-chip central computing platform based on the Wudang C1296 chip, in collaboration with Dongfeng Motor and Junlian Zhixing [3] - Local chip companies are forming partnerships with multiple OEMs, which is crucial for driving large-scale production and ensuring supply chain security amid geopolitical factors [4] Market Positioning - Domestic chip companies are focusing on entry-level smart driving assistance systems, primarily used in vehicles priced below 200,000 yuan, while high-end products remain dominated by Nvidia [4] - The competition in high-end smart driving chips is expected to intensify in the next two to four years as urban NOA technology matures and becomes widely adopted [5]

Core Insights - Audi is entering a year of delivery in the Chinese market, showcasing five new production models at the Shanghai Auto Show, including the Audi A5L, A5L Sportback, Q5L, Q6 e-tron, and E5 Sportback, which are based on the latest platforms [1][4] - The company has a clear strategic blueprint to not only launch new products in the electric vehicle market but also to continue leading in the luxury fuel vehicle market [1][4] Strategic Focus - Audi's transformation strategy focuses on two key areas: software-defined vehicles and advanced driver assistance technologies [4][5] - The E5 Sportback, developed in collaboration with SAIC, is a significant milestone in Audi's global transformation, adhering to the strategy of "In China, for China" [4][5] Dual Brand Strategy - Audi's dual brand strategy aims to serve different consumer segments: the traditional Audi brand for those seeking classic luxury and technology balance, and the new AUDI brand targeting younger consumers interested in cutting-edge technology [5][7] - This strategy is a long-term plan based on the unique development speed and consumer segmentation in the Chinese market [5][7] Partnerships and Technology - Audi has partnered with Huawei to integrate advanced driving technologies into its vehicles, with the A5L Sportback being the first fuel vehicle to feature Huawei's technology [5][7] - The company is also collaborating with Momenta to develop advanced driver assistance systems, positioning itself as the first luxury brand to offer such systems in both fuel and electric vehicles [5][7] Market Insights - The average age of luxury car consumers in China is 35, indicating a younger demographic with higher expectations for technology and personalization [7] - Audi plans to maintain a product strategy that includes fuel vehicles, hybrid vehicles, and electric vehicles, recognizing the significant differences in consumer demand across global markets [7][8] Localization Strategy - Audi emphasizes local development in China, aligning its AUDI brand strategy with the "In China, for China" approach, and incorporating market-specific solutions into its platforms [7][8] - The company is committed to balancing its development across key markets, including the U.S. and Europe, while continuing its localization efforts in China [7][8]

Core Insights - HERE Technologies showcased its AI solutions, Advanced Driver Assistance Systems (ADAS), and Software Defined Vehicle (SDV) solutions at the 2025 Shanghai International Auto Show, emphasizing its role in supporting the development of assisted driving systems [1][2] Group 1: AI Integration and Applications - The company is leveraging AI to enhance its business by training high-quality data models for users and OEMs, which are essential for AI-assisted driving and assistant functions [3] - AI can significantly reduce R&D costs and time for OEM partners by simulating and rendering production road environments based on voice prompts [4] - HERE's AI navigation assistant can address challenges such as charging for electric vehicles by predicting and planning energy replenishment routes during long trips [5] Group 2: Collaboration with OEMs - HERE collaborates closely with OEMs from the early stages of development to understand their needs, ensuring that its capabilities align with partner requirements [4][6] - The company recognizes that different OEMs are at varying stages of development and require different types of data, such as map data or real-time data [4] Group 3: Market Significance and Challenges - China is highlighted as a crucial market for HERE, being the largest automotive exporter globally, with unique navigation and assisted driving needs due to its complex road conditions [6] - HERE aims to assist Chinese automotive companies in overcoming compliance challenges and legal risks when entering European markets, where road infrastructure is less advanced [6] Group 4: Safety and Standards - The company emphasizes the importance of safety in assisted driving technologies, asserting that products should not misrepresent their capabilities, particularly distinguishing between L2 level assistance and true autonomous driving [7]

Core Viewpoint - The establishment of the "Shangjie" high-end intelligent new energy vehicle production base and the power battery system project in the Lingang New Area marks a significant investment and development in the automotive industry, particularly in the electric vehicle sector [1][3]. Group 1: Investment and Production Plans - The investment agreement for the "Shangjie" vehicle production project involves an initial investment of approximately 6 billion yuan, with plans to create a professional team of over 5,000 people [1]. - The production line for the "Shangjie" project will be optimized from existing facilities, enhancing production quality and data management through cloud technology [1][2]. - The power battery project, with a planned area of about 25,000 square meters, aims for trial production by September 30, with an annual capacity of 200,000 sets and a projected cumulative output value of approximately 16.6 billion yuan from 2025 to 2029 [3]. Group 2: Industry Impact and Growth - The "Shangjie" project is expected to increase the annual production capacity of the Lingang base to 280,000 vehicles, potentially adding 50 billion yuan to the automotive industry chain's output value each year [3]. - The automotive industry scale in Lingang is projected to grow from over 200 billion yuan to 300 billion yuan, indicating a significant expansion in the region's automotive capabilities [3]. - The shift towards a new business model integrating automotive software, electronics, and KD (knock-down) assembly is seen as a key development direction for the Lingang New Area [6][7]. Group 3: Strategic Collaborations and Future Plans - The collaboration with local leading companies and educational institutions aims to establish an automotive software industry alliance, enhancing the region's technological capabilities [8]. - The focus on KD assembly is intended to balance tariffs and costs, making the Lingang New Area a competitive player in the global automotive market [6][7]. - The Lingang New Area is positioning itself as a hub for automotive innovation, with plans to attract more high-level laboratories and research institutions to support the growth of the automotive electronics and software sectors [8].

Core Insights - The automotive industry is undergoing significant transformation driven by AI technology, which is reshaping user experiences and the entire industry structure [3][5][10] - Neusoft Group has introduced three major product matrices at the 2025 Shanghai International Auto Show, marking a critical step in advancing smart mobility [2][7] Neusoft A³ Cabin and Parking Product Platform - The A³ platform integrates cockpit, instrument, driving, and parking functionalities into a single chip, reducing hardware costs and enhancing software iteration efficiency [5][7] - It supports independent deployment of multi-domain functions, allowing for flexible cockpit interaction and driving assistance [5][7] - The platform aims to address high development costs and the need for rapid feature iteration, providing a cost-effective smart mobility solution for automakers [7] NeuMind Empowerment Body - The NeuMind empowerment body integrates key modules such as smart cockpit, intelligent driving assistance, and vehicle networking, enabling millisecond-level real-time responses [8][10] - It features proprietary AI middleware and development toolchains for rapid iteration and OTA upgrades, acting as an "AI brain" for automotive applications [8][10] - This solution lowers the technical barriers and costs for automakers, fostering closer collaboration between automakers and suppliers [10] OneCoreGo® Global In-Vehicle Intelligent Mobility Solution - The OneCoreGo® 6.0 solution represents a leap from single-function upgrades to an ecosystem-level intelligent mobility platform, enhancing the overall travel experience [11][13] - It includes new features such as One Pay and One Mate, enabling a comprehensive upgrade of navigation, payment, and interaction capabilities [11][13] - Neusoft's global product development network supports over 1,800 vehicle models across more than 100 countries, facilitating the adaptation of Chinese automotive brands to international markets [13]