现场，东风奕派科技一口气揭晓多个重磅信息：2026款东风奕派eπ008正式上市，限时先享价为17.36万元—19.06万元；风神L8迎来全 球首秀。令人瞩目的是——东风奕派科技与华为将联合打造一个全新智能精品系列，首款车型为高端中型智能SUV，最快2026年登场。 8月1日晚，在武汉经开区武汉体育中心，一场硬核发布会刷屏车企圈：东风汽车集团股份有限公司奕派汽车科技分公司（以下简称东 风奕派科技）正式亮相，发布"未来之翼"战略，并宣布与华为达成深度战略合作。 发布会现场。 东风奕派科技与华为强强联手打造的全新智能精品系列车也备受关注。"双方将充分发挥各自优势，拿出最先进的技术、最优的资源， 在智能汽车产品开发、营销和生态服务等方面深化合作。"东风奕派科技总经理汪俊君介绍，该系列将搭载华为乾崑智驾平台与鸿蒙智能座 舱系统，致力于打造"含华量"最高的智能产品矩阵。据悉，未来这个系列将"每半年一款"持续推出新产品，逐步构建涵盖SUV、轿车等多 形态的完整产品族群。 此外，东风奕派科技加速扩充产品矩阵，目标到2028年产品数量达到20款。"每款车型，每年进化，常用常新。"汪俊君说。 编辑：胡之澜 这不仅是一场发布会，也 ...

Group 1 - The core message of the event is the launch of the 2026 Dongfeng Yipai eπ008 and the global debut of the Fengshen L8, marking a significant step in Dongfeng's transformation towards smart and electric vehicles [1][3] - Dongfeng Yipai Technology, established on June 26 this year, integrates three major brands: Dongfeng Yipai, Dongfeng Fengshen, and Dongfeng Nano, aiming to create a new landscape for Dongfeng's independent passenger vehicles [3] - The "Future Wing" strategy was unveiled, showcasing advancements in core technologies, including solid-state batteries with over 1000 km range expected by 2026, and self-developed high-voltage architecture with rapid charging capabilities [4] Group 2 - A notable collaboration with Huawei was announced to develop a new series of smart vehicles, leveraging both companies' strengths in technology and resources [6] - The first model from this collaboration is a high-end mid-size smart SUV, expected to launch in 2026, with plans to introduce new models every six months, covering various vehicle types [6] - Dongfeng Yipai Technology aims to expand its product lineup to 20 models by 2028, emphasizing continuous evolution and innovation for each model [8]

| | | control control concern commission in the last of the last | | | | manimals microsoft | | --- | --- | --- | --- | --- | --- | --- | | | | Mercedes-Benz Cars | | | Mercedes-Benz Vans | | | | Q2 2025 | Q2 2024 | Change | Q2 2025 | Q2 2024 | Charige | | In millions of euros | | | in th | | | in % | | Revenue | 24,162 | 27,570 | -12 | 4,237 | 4,774 | -11 | | EBST | 783 | 2,756 | +72 | 274 | 830 | -67 | | Adjusted EBIT | 1.228 | 2,763 | "તેર | 441 | 834 | -47 | | Return on sales (in %). | 1000 3.2 | 10.1 | ...

Core Viewpoint - Mercedes-Benz is accelerating the localization of its products in China by collaborating with local automaker Geely to develop a new plug-in hybrid vehicle, aiming to enhance its competitiveness in the increasingly heated market for large battery plug-in hybrids [1][3]. Group 1: Collaboration and Strategy - Mercedes-Benz plans to develop a long-range plug-in hybrid vehicle in partnership with Geely, with discussions ongoing regarding the development details [1]. - The collaboration with Geely is seen as a pragmatic choice for Mercedes-Benz to reduce costs and improve efficiency, given the latter's expertise in hybrid technology [2][7]. - Mercedes-Benz has previously engaged in various collaborations with Geely, including the procurement of cockpit solutions from Geely's subsidiaries [1][9]. Group 2: Market Position and Competition - The plug-in hybrid market in China is dominated by local competitors such as BYD and Li Auto, which have developed advanced hybrid technologies that surpass Mercedes-Benz's current offerings [2][3]. - Mercedes-Benz's current plug-in hybrid technology, the P2 parallel hybrid system, is considered outdated compared to the single-gear DHT technologies used by local competitors [3][6]. - In the first half of 2025, Mercedes-Benz's sales of pure electric vehicles declined by 24%, while sales of plug-in hybrid vehicles increased by 34%, indicating a shift in product focus [5]. Group 3: Financial Performance - In the first half of 2025, Mercedes-Benz reported global sales of 1.0763 million vehicles and a net profit of €2.7 billion, with a significant decline in sales in the Chinese market, down over 18% [4]. - Geely's total sales exceeded 1.93 million vehicles in the first half of 2025, with a 30% year-on-year increase, and its new energy vehicle sales surpassed 1 million units, growing by 73% [9]. Group 4: Technological Development - Developing a competitive single-gear DHT technology independently would take Mercedes-Benz approximately 3-4 years, making collaboration with established local players a more immediate solution [6]. - Geely's recent advancements in plug-in hybrid technology, such as the Zeekr 9X, which features an 800V high-voltage system and a pure electric range of 380 km, further solidify its position as a valuable partner for Mercedes-Benz [8].

【导读】宝马集团上半年销售收入同比下滑 8% ，净利润同比下降 29% 中国基金报记者 李智 当地时间 7 月 31 日，德国宝马汽车集团公布 2025 年上半年财务业绩，今年上半年销售收 入为 677 亿欧元，同比下降 8% ；税后净利润为 40 亿欧元，同比下降 29% 。 | | | | | | 1. Januar bis | 1. Januar bis | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2. Quartal 2025 | 2. Quartal 2024 | Veränderung in % | 30. Juni 2025 | 30. Juni 2024 | Veränderung in % | | KONZERN | | | | | | | | | Konzernumsatzerlöse | Mio. E | 33.927 | 36.944 | - 8,2 | 67.685 | 73.558 | - 8,0 | | Automobile | Mio. E | 29.443 | 32.070 | - 8,2 | 58. ...

今日，宝马集团公布2025上半年销售数据。上半年，宝马集团全球销量维持平稳走势，其中高端、个性 化品牌表现抢眼。此外，宝马集团持续推动电动化转型，上半年，全球每4辆售出宝马中就有1辆新能源 车，印证了宝马多品牌、多技术路线并行，与全球布局的战略前瞻性及正确性。 电动化市场是宝马集团持续重点布局的另一大支柱，并已进入结果期。上半年，宝马集团电动化车型 (含BEV/PHEV)销量同比增长18.6%，在总销量中占比超过1/4。第二季度，宝马集团纯电汽车销量已累 计突破150万辆(自2013年i3开始计算)。 宝马集团董事长齐普策表示："2025年上半年的业绩再次印证了我们商业模式的强劲韧性。无论是当下 还是未来，宝马集团的成功，是建立在三大支柱之上：全球化布局、创新实力，以及依托极具吸引力的 产品所构建的技术开放路线。" 整体来看，上半年，在国际贸易环境复杂多变的环境下，宝马集团全球销量超过120万辆，与去年同期 基本持平。其中，BMW M、劳斯莱斯、MINI等高端、个性化品牌表现抢眼，展现出宝马集团多样性布 局的优势。 上半年，BMW M品牌创历史同期最佳销量业绩，在M3和M5系列强势拉动下，BMW M品牌累计交 ...

Core Insights - Volkswagen Group reported its H1 2025 financial results, showing revenue of €158.4 billion, nearly flat year-on-year, but a significant decline in operating profit by 33% to €6.7 billion and a post-tax profit drop of over 38% to €4.47 billion, falling short of market expectations [1][3][5] Financial Performance - Revenue for H1 2025 was €158.4 billion, compared to €158.8 billion in the same period last year [3] - Operating profit decreased by approximately 33% to €6.7 billion from €10 billion year-on-year [3] - Post-tax profit fell over 38% to €4.477 billion [3] Factors Affecting Performance - A key factor for the profit decline was the new import tariffs imposed by the U.S. government on electric vehicles and components, resulting in an additional cost burden of €1.3 billion for the group [3][5] - The company is undergoing a major restructuring and has set aside €700 million for restructuring provisions related to Audi, Volkswagen passenger cars, and its software division Cariad, along with costs associated with CO2 emission regulations [5] Cash Flow Situation - The net cash flow for H1 2025 was -€8.39 billion, worsening from -€7.05 billion in the previous year [7] - Automotive net cash flow turned negative at -€1.35 billion, down from a positive inflow of €367 million in the same period last year [7] - As of June 30, the group's cash and cash equivalents stood at €34.8 billion [7] Sales Performance - Volkswagen Group sold 4.363 million vehicles globally in H1 2025, a 0.5% increase year-on-year [9] - Sales of pure electric vehicles surged by 46.7% to 465,000 units, accounting for 10.6% of total deliveries, up from 7.3% in the previous year [9][10] - Regional sales showed mixed results, with Europe and other regions growing by 3.3%, while North America saw a decline of 6.9%, and China experienced a 2.3% drop in deliveries [12] Strategic Outlook - Despite the decline in sales in China, Volkswagen remains optimistic about long-term growth potential in the Asian market, emphasizing collaboration in key technology areas such as software and battery development [12][13] - The company plans to launch over 20 new smart connected models in China by 2026, with a long-term goal of introducing approximately 50 new energy models by 2030, including around 30 pure electric vehicles [13]

德国豪华汽车巨头奥迪（Audi）发布的半年报，为德国汽车工业的上半年定下了灰暗的基调。 财报显示，奥迪2025年上半年实现营业收入325.7亿欧元，同比增长5.3%，但这微弱的增长被利润的断 崖式下滑彻底掩盖。上半年，奥迪营业利润暴跌45.2%至10.87亿欧元，税后利润重挫37.5%至13.46亿欧 元。核心指标营业利润率更是从去年同期的6.4%腰斩至仅剩3.3%，净现金流也萎缩至9亿欧元（同期为 11.3亿欧元）。 奥迪的惨淡业绩绝非个例，也代表着整个德国汽车工业在2025年上半年所面临的严峻挑战。美国单边加 征关税带来的巨额成本冲击，与向电动化、智能化转型所需的巨额投入形成的"双重绞索"，正勒紧这些 百年巨头的咽喉。 转型成本与关税冲击下的利润崩塌 奥迪的业绩滑坡绝非孤立事件，而是多重因素交织的必然结果。首当其冲的是美国对欧盟汽车加征关税 带来的直接冲击。自2025年4月起，美国将进口自欧盟的汽车关税从2.5%大幅提高至25%，尽管7月27日 美欧达成新协议将关税降至15%，但上半年的政策空窗期已造成不可逆的损失。 奥迪首席财务官于尔根·里特斯贝格尔坦言，仅美国关税一项就导致公司额外支出超6亿欧元，相当 ...

Core Viewpoint - Honda is undergoing a significant retreat from the Chinese market, marked by the closure of production facilities and a disappointing performance in the electric vehicle sector [1][2]. Group 1: Production Changes - Honda China announced the closure of the Dongfeng Honda second factory in Wuhan by November 2024, which was previously transformed into a new energy vehicle production base [1]. - GAC Honda will also close its factory in Guangzhou by October 2024, indicating a broader trend of production facility shutdowns [1]. - The Dongfeng Honda second factory is expected to be repurposed for commercial real estate development, following the precedent set by the first factory [1]. Group 2: Sales Performance - Honda's electric vehicle sales in China have been underwhelming, with cumulative sales from July 2024 to June 2025 totaling less than 24,000 units, averaging under 2,000 units per month [2]. - GAC Honda's e:NP1 and e:NP2 models sold 2,062 and 3,312 units respectively over the past year, while Dongfeng Honda's e:NS1 and e:NS2 models sold only 1,473 and 940 units [3]. - Overall, Honda's new car sales in June 2025 showed a significant decline, with Dongfeng Honda's sales down 23.62% year-on-year and GAC Honda's down 12.61% [7][8]. Group 3: Market Position and Challenges - Honda's decline in the Chinese market is attributed to a combination of factors, including a failure to adapt to the rapid growth of the electric vehicle market and competition from domestic brands like BYD and Geely [16][21]. - Despite having an early start in the electric vehicle segment, Honda's sales have plummeted since reaching a peak in 2020, with Dongfeng Honda's sales dropping by 49.64% and GAC Honda's by 41.60% by 2024 [9][13]. - The company's attempts to pivot towards electric vehicles have been criticized as insufficient, with new models failing to gain traction in a competitive market [17][20].

Group 1 - In the 2025 Fortune Global 500 automotive and parts ranking, Volkswagen ranks first, followed by Toyota in second place, marking Volkswagen's fourth consecutive year at the top [2][3] - Stellantis dropped from third to fifth place, overtaken by General Motors and Ford, while Mercedes-Benz surpassed BMW, ranking 48th and 49th respectively [2] - Tesla, which first appeared in the Fortune Global 500 in 2021, rose four spots to rank 106th overall with a revenue of $97.69 billion, placing it 11th among automotive companies [2] Group 2 - Ten Chinese automotive and parts companies made the 2025 Fortune Global 500 list, including Geely, BYD, Chery, and FAW, with notable improvements in rankings for Geely, BYD, and Chery [3] - BYD ranked 91st overall, up 52 spots, with a revenue of 777.1 billion yuan, a 29% year-on-year increase, and a net profit of 40.25 billion yuan, up 34% [3][4] - Chery, which entered the Fortune Global 500 for the first time in 2024, ranked 233rd this year, a significant jump of 152 spots, driven by strong sales growth [3] - Geely ranked 155th, up 30 spots, with a revenue exceeding 240 billion yuan, a 34% increase, and a net profit of 16.6 billion yuan, up 213% [4]