专题：2025《中国企业家》影响力企业家年会 12月5日-7日，由《中国企业家》杂志社主办的"2025（第二十三届）《中国企业家》影响力企业家年 会"（原中国企业领袖年会）在北京举行，主题为"涌现·无限——共创智能商业新形态"。蔚来创始人、 董事长、CEO李斌出席并演讲。 李斌表示，根据自己的经验，就是要坚持技术创新。他提到，蔚来11年来确实投了很多钱，主要投在技 术研发上，11年累计投入研发费用超过650亿元人民币，全球研发团队超过11000人，接近10000个项目 专利。蔚来在核心研发上持续坚定投入，每个季度的研发投入在30亿元人民币左右，去年是130亿，前 年是134亿，研发强度在所有车企里属于最高之一。 他强调，智能电动汽车是三个大的行业一起创新，这不是点上的创新，是体系的创新。他举例子表示， 蔚来今年搭载的智驾芯片，全球第一颗5纳米车规级芯片，晶体管超500亿颗，比英伟达旗舰芯片更早完 成流片、量产、上车与全链路打通。同时，蔚来自研的整车全域操作系统可管理车上所有芯片，从最小 的芯片到"神玑"这样的大芯片。这两项核心研发历时4年，"有芯有魂"，相当于整车"神经系统"全部是 自己做的。 此外，天行底盘 ...

Core Viewpoint - Huawei is expanding its presence in the electric vehicle market through its new "Jing" series in collaboration with automotive companies, aiming to differentiate itself from its existing "Jie" series while leveraging its technological strengths in the industry [1][6]. Group 1: New Product Launches - On November 20, Huawei and Dongfeng Motor officially launched the new electric vehicle brand "Yijing," with the first SUV model expected to be released in Q3 2026, available in both pure electric and range-extended versions [1]. - In September, the "Qijing" brand was announced, developed in partnership with GAC Group, targeting the high-end smart electric vehicle market, with its first model, a shooting brake, set to launch in June 2026 [1]. Group 2: Competitive Landscape - The "Jing" series faces significant pressure as the "Jie" series has already established a strong market presence, covering a price range from 150,000 to 1.5 million yuan [2]. - Huawei's internal debate centers around two distinct approaches to vehicle manufacturing: one focusing on direct vehicle production and the other on providing technological support to existing car manufacturers [2][3]. Group 3: Business Models - Huawei's collaboration with car manufacturers includes three main models: component supplier, Huawei Inside (HI) model, and the "Jie" series, which involves deeper engagement in vehicle development and sales [2][4]. - The "Jing" series is seen as an upgrade to the HI model, emphasizing collaboration in product definition, development, and marketing, breaking traditional industry practices [4][5]. Group 4: Market Performance - Huawei's smart automotive solutions business reported revenue of 26.353 billion yuan in 2024, marking a 474.4% year-on-year increase and achieving profitability for the first time [6]. - The "Jie" series has achieved a cumulative delivery of over 1 million units in just 43 months, setting a record for new force brands in the electric vehicle market [6][7]. Group 5: Future Outlook - The competition between the "Jie" and "Jing" series will determine the future landscape of the electric vehicle market, with the need for differentiation becoming increasingly critical [5][7]. - As more automotive companies embrace Huawei's technology, the pressure on new entrants in the electric vehicle sector is expected to intensify [7].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 根據不同投票權架構，我們的股本包括A類普通股及C類普通股。對於提呈我們股東大會的任 何決議案，A類普通股持有人每股可投一票，而C類普通股持有人則每股可投八票，惟法律或 《香港聯合交易所有限公司證券上市規則》或我們的組織章程大綱及細則另行規定者除外。股東 及有意投資者務請留意投資不同投票權架構公司的潛在風險。我們的美國存託股（每股美國存 託股代表一股A類普通股）於美國紐約證券交易所上市，股份代號為NIO。 蔚來是全球智能電動汽車市場的先驅及領跑者。成立於2014年11月，蔚來致力 於共創可持續和更美好的未來，實現「Blue Sky Coming」的使命。蔚來的願景是 成為技術與體驗領先的用戶企業。蔚來設計、開發、製造及銷售智能電動汽車， 推動新一代核心技術的創新。蔚來通過持續的技術突破及創新、極致的產品及服 務，和共同成長的社區使自己脫穎而出。公司旗下的蔚來品牌專注於高端智能電 動汽車，樂道品牌聚焦於家庭智 ...

11月27日，零跑汽车以"自己定义路"为主题的全新个性战略新品——零跑Lafa5的上市发布会。新车定位"高颜值运动轿跑"，携605km超长续航、高通 8295P智能座舱、激光雷达端到端辅助驾驶、轿跑颜值、86%得房率越享座舱、全维安全5大硬核产品性能，为泛95后悦己个性乐活青年带来"人生Dream Car"的入手新选择。 新车发布515km及605km两种续航版本共计5款车型，并推出限时5000元上市感恩现金优惠，即日起至2025年12月31日24点，零跑Lafa5上市限时惊喜价 9.28万-11.68万元，以极其诚意的定价与品价比，重新定义10万级纯电轿跑市场价值新标准。 上市权益方面，零跑汽车宣布，即日起至2025年12月31日24时，推出包含现金优惠、终身质保、选装基金、金融政策等在内的多重上市权益，限时至高 价值可达24900元，为用户带来全方位的购车保障。 零跑稳中加速，迈向"百万新征程" 发布会上，零跑科技高级副总裁曹力透露，2025年第三季度零跑盈利持续为正，实现净利润1.5亿元，营收冲至194.5亿元，同比增长近一倍；自2025年3 月以来，零跑已连续8个月稳居中国新势力品牌月销冠军，且全年销 ...

Group 1 - The National Robot Industry Index increased by 0.7%, the China Securities Intelligent Electric Vehicle Index rose by 0.8%, the China Securities Consumer Electronics Theme Index went up by 1.1%, and the China Securities Internet of Things Theme Index gained 0.6% as of midday closing [1] - The robotics sector received positive catalysts, with UBTECH winning a bid for a humanoid robot data collection and training center project in Jiujiang, Jiangxi, amounting to 143 million yuan. The project will utilize UBTECH's latest industrial humanoid robot, Walker S2, which features autonomous battery swapping [1] - Zhiyuan Innovation (Shanghai) Technology Co., Ltd. received authorization for a patent related to "dexterous hand control methods, dexterous hand control devices, dexterous hands, and robots," which is expected to address the issue of poor versatility in dexterous hands [1] Group 2 - The Consumer Electronics Theme Index, which includes companies involved in component production and complete product design and manufacturing, saw an increase of 1.1% with a rolling price-to-earnings ratio of 53.4 times and a valuation percentile of 91.0% since its inception [4] - The Internet of Things ETF managed by E Fund tracks the China Securities Internet of Things Theme Index, which focuses on companies involved in information collection, transmission, and IoT applications, and it increased by 0.6% with a rolling price-to-earnings ratio of 31.2 times and a valuation percentile of 37.6% since its inception [4]

Core Viewpoint - Avita Technology has submitted an IPO application to the Hong Kong Stock Exchange, marking a significant step in expanding its capital channels and global strategy [1] Group 1: Financing and Partnerships - Avita has completed four rounds of financing, raising over 19 billion yuan, with the C round alone exceeding 11 billion yuan, making it the largest single financing in China that year [3] - Avita has established a strategic partnership with Huawei by acquiring a 10% stake in the company for 11.5 billion yuan, leveraging the strengths of industry giants Changan Automobile, Huawei, and CATL [3] Group 2: Product Development and Sales - Avita has launched four mass-produced models: Avita 11, Avita 12, Avita 07, and Avita 06, along with two limited editions, covering a price range of 200,000 to 700,000 yuan [3] - In October, Avita achieved a record sales volume of 13,506 vehicles, maintaining over 10,000 monthly sales for eight consecutive months [4] Group 3: Revenue Growth and Future Plans - Avita's projected revenues for 2023 and 2024 are 5.645 billion yuan and 15.195 billion yuan, respectively, with a year-on-year growth of 169.16% last year [4] - The funds raised from the IPO will primarily be used for product development, platform and technology development, brand building, sales service network construction, and operational funding [4] - By 2026, Avita plans to launch five upgraded products in collaboration with Huawei, with a total of 17 models across various segments by 2030 [4] - Avita aims to accelerate its international expansion, targeting entry into over 80 countries and regions and establishing more than 700 sales channels by 2030 [4]

11月27日晚间，阿维塔科技(重庆)股份有限公司(以下简称阿维塔)申报港股IPO，成为首家向港交所提交 上市申请的央企旗下新能源车企。 阿维塔定位新豪华智能电动汽车品牌，是新长安的高端化战略载体。自品牌成立以来，阿维塔已完成4 轮融资，当前估值超300亿元。 同时，阿维塔聚合长安汽车(11.750,0.09,0.77%)、华为、宁德时代(371.120,-0.08,-0.02%)三方的优势资 源，致力于实现"一个团队、一个目标、一套打法、一举成功"的融合发展。 招股书显示，阿维塔此次申报港股IPO，募集资金将用于产品开发及平台和技术开发、品牌建设和销售 服务网络拓展、补充营运资金等方面。 阿维塔多项经营数据公开 连续八个月销量超1万辆 阿维塔谋划港股IPO早有迹象。天眼查信息显示，2025年9月29日，阿维塔完成股改，市场主体类型 从"有限责任公司(外商投资、非独资)"变为"股份有限公司"。 | 一 子脂是 ■年出版社区本国工机 | | | 自公司 重考察 重关系 遵风红 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

今年前三季度，蔚来虽然累计亏损约 152 亿元，但第三季度亏损 34.8 亿元，同比收窄 31.2% 。 而且蔚来在第三季度多个指标都创下近年来新高，其中所有车型交付 8.7 万辆，同比增长 40.8% ；营收 217.9 亿元，同比增长 16.7% ；整车 毛利率提升至 14.7% ，创近三年新高。 导语："蔚来"ES8价格低了，蔚来收入高了；蔚来销量多了，"蔚来"汽车卖的少了。 蔚来有信心在今年第四季度达成盈利目标，在蔚来第三季度财报电话会上，蔚来创始人、董事长李斌再次表示。 李斌的信心来自乐道和全新 ES8 的销量和高毛利，他甚至乐观的表示， 2026 年的经营目标是整年盈利。 但在蔚来 "扭亏"的路上， 蔚来品牌的高端车型销量下降，研发费用缩减， 是正在发生的"代价"。 李斌曾经的高端车路线，在现实面前不得不 "弯下腰"，向低端车市场获取现金流。 "蔚来"汽车少卖了3.7万辆 蔚来季度财报显示，乐道品牌自 2024 年 9 月份上市后， 销量按季度算持续攀升，从最初的 832 辆，已经提升到 2025 年三季度的 37656 辆；乐道"出道"至今，已累计交付超过 9 万辆。 但同时， "蔚来"品牌的销 ...

【导读】阿维塔深夜"递表"港交所，成为首家申请港股IPO的央企旗下新能源车企 11月27日晚间，阿维塔科技（重庆）股份有限公司（以下简称阿维塔）申报港股IPO，成为首家向港交所提交上市申请的央企旗下新能源车企。 阿维塔定位新豪华智能电动汽车品牌，是新长安的高端化战略载体。自品牌成立以来，阿维塔已完成4轮融资，当前估值超300亿元。 同时，阿维塔聚合长安汽车、华为、宁德时代三方的优势资源，致力于实现"一个团队、一个目标、一套打法、一举成功"的融合发展。 招股书显示，阿维塔此次申报港股IPO，募集资金将用于产品开发及平台和技术开发、品牌建设和销售服务网络拓展、补充营运资金等方面。 阿维塔多项经营数据公开 连续八个月销量超1万辆 阿维塔谋划港股IPO早有迹象。天眼查信息显示，2025年9月29日，阿维塔完成股改，市场主体类型从"有限责任公司（外商投资、非独资）"变为"股份有 限公司"。 | 大眼堂 | | 都在用的商业查询工具 | 查公司 直老板 查关系 查风险 | | | | | ■ 应用 ▼ 商务合作 企业级产品。 ■ 开通会员 ■ ■ 宽利 ... | | | | --- | --- | --- | --- ...

【导读】阿维塔深夜"递表"港交所，成为首家申请港股IPO的央企旗下新能源车企 中国基金报记者 邱德坤 11月27日晚间，阿维塔科技（重庆）股份有限公司（以下简称阿维塔）申报港股IPO，成为首家向港交所提交上市申请的央企旗下新能源车企。 阿维塔定位新豪华智能电动汽车品牌，是新长安的高端化战略载体。自品牌成立以来，阿维塔已完成4轮融资，当前估值超300亿元。 同时，阿维塔聚合长安汽车、华为、宁德时代三方的优势资源，致力于实现"一个团队、一个目标、一套打法、一举成功"的融合发展。 招股书显示，阿维塔此次申报港股IPO，募集资金将用于产品开发及平台和技术开发、品牌建设和销售服务网络拓展、补充营运资金等方面。 阿维塔多项经营数据公开 连续八个月销量超1万辆 阿维塔谋划港股IPO早有迹象。天眼查信息显示，2025年9月29日，阿维塔完成股改，市场主体类型从"有限责任公司（外商投资、非独资）"变为"股份有限 公司"。 | | | 都在用的商业查询工具 | 查公司 查老板 查关系 查风险 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | ...