Core Insights - The launch of the new Xiangjie S9 marks a significant iteration for Hongmeng Zhixing, positioning it as a flagship executive sedan in the competitive luxury car market [1] - The upcoming 9-series MPV is expected to further enhance the brand's portfolio, with the S9 and S9T forming a dual flagship offering [2] - The luxury car market above 300,000 yuan is experiencing a decline, with traditional luxury brands facing pressure from emerging domestic brands [2][3] Group 1 - The new Xiangjie S9 is available in four versions, with a price range of 309,800 to 369,800 yuan, and aims to compete with established luxury models like the Mercedes-Benz E-Class and BMW 5 Series [1] - Initial sales of the Xiangjie S9 fell short of expectations due to brand recognition issues and pricing above competitors, but a price adjustment and product upgrades led to a slight increase in sales [1] - The launch of the Xiangjie S9T has been a turning point, with over 30,000 units pre-ordered within 66 days [1] Group 2 - The luxury car market above 300,000 yuan has seen a year-on-year sales decline of approximately 12% from January to September, influenced by the broader economic environment [2] - Domestic brands are increasingly capturing market share from traditional luxury brands by introducing new products and innovative marketing strategies [2] - The market for new energy sedans above 300,000 yuan remains underdeveloped, lacking blockbuster models, while competition is intensifying as traditional luxury brands lower their prices [3]

Group 1 - The restructuring of Geely's intelligent driving team is nearing completion, with employees transitioning to a newly established joint venture company, including "Qianli Zhijia" and its subsidiary "Qianli Haohan" [4][6]. - The core technologies and research capabilities of the Zeekr auxiliary driving team, along with Qianli Technology's large model capabilities, will be integrated into the Qianli Haohan team, which is responsible for mass production tasks for models H5, H7, and H9 [6][7]. - Geely aims to enhance the advanced nature, proactivity, and cost-effectiveness of the Qianli Haohan intelligent auxiliary driving solutions through the integration of resources from Qianli Technology and Geely [7][8]. Group 2 - The unified planning and naming of Geely's auxiliary driving solutions under the "Qianli Haohan" system includes five levels: H1, H3, H5, H7, and H9, with higher numbers indicating stronger capabilities [8]. - The establishment of Qianli Zhijia as a key step in the intelligent driving integration process involved collaboration with companies like Megvii and Qianli Technology, with leadership roles assigned to former executives from Zeekr and Qianli Technology [8].

整合近一年的吉利系智驾团队有了新进展。我们独家获悉，极氪智驾团队员工正陆续换签劳 动合同至先前为本次整合设立的合资公司，包括 "千里智驾" 及其子公司 "千里浩翰"。相关 工作接近尾声。其中，千里智驾公司可视为智驾方案供应商，千里浩瀚公司则专门为吉利提 供辅助驾驶服务。 我们了解到，极氪辅助驾驶团队的核心技术和预研能力，以及千里科技的大模型能力，均会用于千里 浩瀚团队中，目前负责 H5、H7 和 H9，承担主要量产任务。迈驰辅助驾驶团队负责技术预研。一位 接近千里智驾的人士说，随着进一步融合，目前分工也可能会再调整。 我们就上述信息向极氪汽车官方求证，极氪方面回应称，千里科技和吉利将整合各自的优势资源成立 合资公司，目的是为了提升千里浩瀚智能辅助驾驶方案的先进性、主动性和经济性，并将在未来面向 全行业提供行业领先的辅助驾驶方案。作为整合的关键步骤之一，极氪正在与部分相关员工协商划转 入合资公司的事宜。目前整合仍处于进行过程中。极氪将秉承公开、透明的原则，确保员工权益得到 保障。 耗时近一年的重整接近落地。 文 丨 魏冰 司雯雯 编辑 丨 龚方毅 此前，极氪、领克、吉利、路特斯等品牌各自规划，既有自研团队，也用 ...

Core Viewpoint - The article highlights the launch of the new Lantu Taishan model by Lantu Automotive, marking a significant step into the luxury SUV market, aiming to challenge established brands and showcase China's advancements in automotive technology [5][7][9]. Product Launch and Market Positioning - Lantu Taishan was officially launched on November 18, with four models priced between 379,900 to 509,900 yuan, including a limited edition "Black Warrior" model set to release in Q1 next year [5]. - The launch signifies Lantu's ambition to penetrate the luxury SUV market, particularly the 500,000 yuan segment, and represents a milestone for Chinese automotive brands in the high-end market [7][9]. Competitive Landscape - The luxury six-seat SUV market is experiencing intense competition, with the number of key models increasing from 4 to nearly 20 within three years, indicating a significant growth in sales volume [11]. - Lantu Taishan aims to compete with models like Li Auto L9, AITO M9, and Zeekr 9X, leveraging its strong product capabilities to establish itself as a flagship model [9][11]. Technological Innovations - Lantu Taishan features China's first three-chamber air suspension system, previously exclusive to high-end brands like Rolls-Royce and Porsche, showcasing a significant technological advancement for domestic brands [13]. - The vehicle is equipped with Huawei's latest intelligent driving system, achieving a milestone in autonomous driving capabilities, which enhances its competitive edge in the market [16][17]. Sales Performance and Growth - Lantu Automotive has achieved a remarkable growth trajectory, reaching a cumulative delivery of 300,000 vehicles, with an 82% year-on-year increase in deliveries from January to October this year [26][28]. - The company has established a comprehensive product lineup across various segments, including sedans, SUVs, and MPVs, positioning itself as one of the most complete high-end new energy brands in China [28][29]. Future Prospects - Lantu plans to go public on the Hong Kong Stock Exchange by August 2025, marking a significant milestone for the company and the broader industry, as it aims to redefine the luxury automotive landscape in China [31]. - The launch of Lantu Taishan is seen as a pivotal moment for the company, setting a benchmark for state-owned enterprises in the new energy vehicle sector and demonstrating the potential for rapid transformation and innovation [31].

雷达财经出品 文|丁禹 编|孟帅 "网上有不少人断章取义、歪曲抹黑"、"安全是基础，安全是前提"，一向以儒雅形象示人的雷军近日连发多条微博，亲自下场进行严 肃辟谣并回应外界质疑。 值得注意的是，雷军对外回应汽车安全质疑的当天，有消息称，小米公关部负责人王化或将转岗，引发外界关注。 回看这一年，小米汽车风波不断。3月和10月的两起交通事故，以及9月的召回事件，频频将小米汽车推至舆论的风口浪尖。甚至就连 身为公司掌舵者的雷军，其本人口碑也受到牵连。 单从交付量和毛利率等财务数据来看，小米汽车似乎并未受到太大的影响。但从资本市场的反应来看，小米集团仍面临严峻挑战。截 至11月18日收盘，小米集团的市值较年内高点蒸发超5000亿港元。 值得一提的是，在最新公布的三季报中，本季度，小米的汽车及AI等创新业务分部首次实现单季度经营盈利，录得经营收益7亿元。 11月16日，小米集团董事长雷军连发数条微博，对外重申小米汽车的安全理念。 在前述微博中，雷军晒出了多条发布于2023年底和2024年初的微博，这些微博主要涉及雷军对安全的理解和SU7的研发标准。 雷达财经注意到，在前不久发布的《2025胡润百富榜》中，雷军以3260 ...

Group 1 - In October, BYD achieved a monthly sales record of 441,700 vehicles, marking the highest sales in 2023, with a cumulative sales of 3.7019 million vehicles from January to October, representing a year-on-year growth of 13.9% and exceeding 80% of its annual sales target [1][6] - The market share of new energy vehicles in China surpassed 50% for the first time, reaching 51.6%, indicating a shift towards a new era dominated by electric vehicles [6] - BYD's sales in the first ten months approached the combined total of the second to fourth ranked competitors, with its Dynasty and Ocean series selling 395,000 vehicles in October and 3.38 million vehicles cumulatively [6] Group 2 - BYD's R&D investment reached 43.75 billion yuan in the first three quarters of the year, a 31% increase year-on-year, solidifying its position as the leader in R&D among over 5,400 A-share listed companies [6] - The "Tianshen Eye" advanced driver-assistance system has seen cumulative sales of over 2 million vehicles by the end of October, generating over 130 million kilometers of driving data daily [6][10] Group 3 - In the October sales ranking for intelligent driving models, BYD ranked first with a sales figure of 279,724 vehicles, significantly outpacing the second-place competitor by more than four times [9][11] - The Fangcheng Leopard brand achieved a remarkable 415% year-on-year increase in sales, surpassing 31,052 vehicles for the first time, marking a significant milestone for domestic high-end brands [14] Group 4 - BYD's overseas sales of passenger cars and pickups reached 83,524 vehicles in October, a year-on-year increase of 155.5%, with cumulative exports exceeding 780,000 vehicles from January to October, reflecting a growth of over 130% [14] - BYD's global presence has expanded to 117 countries and regions, demonstrating a multi-point breakthrough and collaborative development strategy [14][16]

Core Viewpoint - SAIC Volkswagen has officially launched the Langyi Pro, introducing four models with prices ranging from 88,800 to 112,900 yuan, and plans to continue releasing more intelligent automotive products [1][2]. Group 1: Product Launch - The Langyi Pro was launched on November 17, featuring two power options: 1.5L and 1.5T engines [1]. - The vehicle's dimensions have been increased, with a length of 4,720 mm, width of 1,806 mm, height of 1,428 mm, and a wheelbase of 2,688 mm [2][3]. Group 2: Technology and Features - The Langyi Pro is equipped with 15 radars and 5 cameras, enabling advanced driver assistance features such as high-speed cruise control and complex parking assistance [2][3]. Group 3: Engine Specifications - The 1.5T model is powered by the EA211 1.5T EVOⅡ engine, delivering a maximum power of 118 kW and peak torque of 250 Nm, paired with a 7-speed dual-clutch transmission, achieving a fuel consumption of 5.54 liters per 100 kilometers [4].

Core Insights - Beijing Automotive Group (BAIC) donated two vehicles, the Beijing Off-road BJ80C military vehicle and the Xiangjie S9T, to the China Communist Party History Museum, symbolizing its contributions to the national automotive industry [1][3] Group 1: Vehicle Donations - The BJ80C has been used in significant national celebrations, showcasing China's automotive capabilities in defense [3] - The Xiangjie S9T represents BAIC's advancements in the fields of new energy and smart technology [4] Group 2: Sales Performance - From January to October, BAIC's total vehicle sales reached nearly 1.4 million units, with a 58% year-on-year increase in sales of its self-owned brand passenger vehicles [1][4] - In October alone, BAIC sold 160,133 vehicles, marking an 11% increase year-on-year, while self-owned brand passenger vehicle sales reached 47,751 units, up 65% [4][5] - BAIC's new energy vehicle sales in the commercial vehicle sector saw a remarkable 98.8% year-on-year growth, leading the Chinese commercial vehicle market [5]

Core Viewpoint - Tesla is reportedly developing support for Apple's CarPlay system in its vehicles, responding to strong demand from car owners for this feature [1][5]. Group 1: Tesla's Development of CarPlay - Tesla has begun internal testing of the CarPlay feature, although the project remains confidential [6]. - The company plans to integrate CarPlay in a "window" format within its main interface, meaning that Apple's software will not completely replace Tesla's operating system [7]. - Tesla intends to support the standard version of CarPlay, allowing wireless connectivity for iPhone users [5]. Group 2: Market Context and Implications - The introduction of CarPlay would signify a significant shift in Tesla's stance, as CEO Elon Musk has historically rejected this popular feature and criticized Apple [5]. - A study by McKinsey indicates that about one-third of car buyers would not consider purchasing a vehicle that does not support CarPlay or Android Auto [8]. - Tesla's sales have been declining, with some consumers citing the lack of CarPlay support as a reason for not purchasing [5]. Group 3: Competitive Landscape - While Tesla is considering CarPlay, some automakers, including General Motors, have announced plans to remove CarPlay to focus on their own infotainment systems [8]. - The rollout of the high-end "CarPlay Ultra" version has faced challenges, with brands like Audi and Mercedes-Benz not planning to support it [9].

Core Insights - The company, Haon Automotive, has established itself as a leader in the intelligent perception technology sector, collaborating with major automotive manufacturers and entering the robotics supply chain [2][3][4] Group 1: Market Position and Demand - Haon Automotive's new generation AK2 ultrasonic radar is featured in popular models like the Wenjie M7, Xpeng P7, and Geely Galaxy M9, indicating strong market demand and technological resonance [3][4] - The company holds a leading market share of 27.3% among domestic ultrasonic radar suppliers as of the first half of the year, with a total order amount of approximately 20.9 billion yuan [4] Group 2: Technological Development and Strategy - The company is transitioning to a "technology leader" by planning new products such as laser radar and thermal imaging to meet L3 autonomous driving safety redundancy requirements [5] - R&D expenses have increased by over 48% year-on-year to approximately 145 million yuan, representing 11.48% of revenue, reflecting the company's commitment to maintaining core customer relationships and enhancing technical support [6] Group 3: Future Growth and Vision - The company aims for a tenfold growth in business scale, targeting a hundred billion yuan milestone, with its core business in intelligent driving perception acting as the main engine for this growth [7][8] - A strategic partnership with NVIDIA for the development of robotic control systems signifies the company's ambition to expand its footprint in the robotics sector, enhancing its competitive position [7]