本文为IPO早知道原创 作者｜ 苏打 微信公众号｜ipozaozhidao "在智能化浪潮下，谁更能开放合作，谁就能率先引领产业拐点的到来。" 作为目前国内唯一同时覆盖智能座舱和智能驾驶关键SoC的芯片供应商，芯擎此次推出了 12组不同的芯片方案。 2025年3月27日，在芯擎科技"擎随芯动，智融万象"2025芯擎·生态科技日上， 芯擎科技创始人、 董事兼 CEO汪凯博士正式发布自动驾驶芯片"星辰一号"，以及智能座舱和智能驾驶全系列解决方 案。 " 自 2021年发布 龍 鹰一号 以来 ， 这款芯片至少获得了三个 '第一' 。 首先，它 是 国内首颗 7 纳米的 智能座舱 车规芯片 ；第二， 它实现了 一 次性流 片 就 成功， 并在 2023年 量产当年实现 出货 20万件 ；第三， 今年初 芯擎获得了 德国大众的超大的 订单，这 是国产 座舱 芯片 首次正式 走出国门， 意味着 我们 以及 是能够 与 国际最先进的芯片同台竞争 "。 汪凯表示， 芯擎 是 目前 国内唯一 能够覆盖智能座 舱 及 自动驾驶关键 SOC的芯片供应商。 " 这 是一 件 很难的事情， 最初 ' 舱 ' 是 刚性需求，现在 ' 驾 ...

Group 1: Business Layout and Growth - The company has optimized its product structure and diversified its business layout, focusing on core areas such as consumer electronics (mobile phones, tablets, laptops), which are steadily recovering [2] - The automotive display business is experiencing rapid growth, with the LIPO business related to OLED screens expected to enter mass production in 2025 [2] - The company is also expanding into high-potential areas such as AR/VR displays, industrial control displays, medical displays, and new precision structural components [2] Group 2: Mini-LED Technology in Automotive Market - Mini-LED technology is gaining traction in the automotive display market due to its impressive display effects and energy-saving features, meeting the demand for new display technologies [2] - The trend towards smart cockpits is accelerating, with an increase in the number and size of display screens in vehicles, indicating a broad market outlook for the automotive display industry [2] - As a leading company in Mini-LED automotive backlight display technology, the company holds significant advantages in technology reserves, patents, and production capabilities, which are expected to enhance future performance in this sector [2] Group 3: Ultra-Narrow Bezel Technology - The ultra-narrow bezel technology (LIPO technology) enhances the structural strength and sealing of OLED modules, improving screen-to-body ratio and achieving a thinner design [3] - This technology significantly increases product drop reliability, thereby enhancing the company's competitiveness in the OLED panel sector [3] - The company will continue to uphold its innovative philosophy to further strengthen its competitive edge [3]

它将变革的不仅是一辆汽车的座舱， 同时也是一种被向往已久的生活方式。 2025开年，AI大模型领域迅速迎来两波冲击——DeepSeek异军突起，刷新全球对中国AI大模型的技术认知；通用AI Agent产品"Manus"在国内走红，AI应用 层机会爆发在即。 在大模型性能提升、持续降本的趋势中，各类终端厂商终于迎来更大机会落地特定场景的AI Agent。在这背后，车企以更积极的姿态开始拥抱AI技术和功 能。 在汽车行业迈入电动化变革期后，智能化是下一个分水岭已成为行业共识。智能驾驶之外，AI大模型对于智能座舱的深层赋能成为AI 2.0时代汽车智能化的 最大看点。 近日，智己AIOS生态座舱正式发布，在阿里系AI能力支持下进入一个"No Touch＆No App"的新时代，不仅在自然语言理解、多模态感知等层面达成了智能 座舱更高效自然的交互，还以阿里系庞大丰富的本地生活服务接入扩写了汽车的AI生态叙事。 汽车正在演变为人类生活的"第三空间"（指生活与工作之外一种非正式公共空间）。2016年，马云曾直言"未来汽车80%的功能与交通无关"，它将从"交通 ⼯具"进化为"智能终端"，通过操作系统和互联网生态为用户提供综合 ...

Summary of Hongquan Wulian Conference Call Company Overview - Hongquan Wulian was established in 2009 and is headquartered in Hangzhou with over 600 employees. The company specializes in the research and production of automotive electronic products, initially starting with intelligent network systems for buses and later expanding into heavy trucks, including Telematics Box and driving recorders. The company went public on the Sci-Tech Innovation Board in 2019. Due to the pandemic and macroeconomic downturn, commercial vehicle sales declined, significantly impacting performance. In 2024, revenue reached 520 million yuan, nearing breakeven, indicating a recovery in performance. The business is divided into four product lines: intelligent networking, intelligent cockpit, controllers, and software platform development [3][4]. Core Business Insights - The company’s revenue in 2024 was 520 million yuan, approaching breakeven [4] - Revenue breakdown for 2024: - Commercial vehicles: 80% - Intelligent networking: 60% (280 million yuan) - Intelligent cockpit: 12% (over 60 million yuan) - Controllers: 17% (85 million yuan) - Software platform: 13% (74 million yuan) [4][8] - The company has expanded into the passenger vehicle and two-wheeler markets since 2022, with passenger vehicle revenue accounting for 17% and two-wheelers for 1.6% in 2024 [4][5]. Market Strategy and Competition - Hongquan Wulian is responding to market competition by enriching its product line, collaborating with industry leaders, and increasing R&D investment to enhance technical capabilities and operational efficiency [4][6]. - Future development focuses on strengthening the passenger vehicle and two-wheeler segments, enhancing software platform capabilities, and expanding both domestic and international markets [4][7]. Regulatory and Market Trends - The domestic eCall national standard is expected to be released in May-June 2024 and will be mandatory from July 1, 2027. The company has established a dedicated team to leverage EU product standards experience and target key clients such as GAC, Chery, Changan, and Geely [4][10]. - The eCall system's main function is to automatically transmit data to rescue platforms after a collision, with technical challenges including customized communication module design and software modifications [10]. Future Projections - The company aims to achieve total revenue of 1 billion yuan by 2026 or 2027, with commercial and passenger vehicles each accounting for one-third of total revenue [4][8]. - The company plans to capture 10%-20% of the domestic market for 20 million passenger vehicles, translating to 200,000 to 400,000 units, which could generate revenue of 1 to 2 billion yuan [4][32]. Product Development and Innovation - The T-Box solution integrates dual-mode (Beidou/GPS) functionality, priced at approximately 500 yuan, with a gross margin of 30%-40% [4][25]. - The company is expanding its controller product line and moving towards integration with actuators to enhance competitiveness and provide more comprehensive solutions [12]. Challenges and Opportunities - The company has faced challenges in the European certification process, particularly in software aspects, but has successfully completed the necessary steps for eCall certification [13][14]. - The transition period for the mandatory installation of new national standard products will begin in May-June 2025 and end on July 1, 2027, allowing manufacturers and suppliers to prepare [29][30]. Conclusion - Hongquan Wulian is positioned to leverage its existing capabilities and market trends to enhance its product offerings and expand its market share in the automotive electronics sector, particularly in the context of new regulatory standards and growing demand for intelligent vehicle solutions [4][32].

Investment Rating - The report does not explicitly state an investment rating for the industry or company Core Insights - Huawei has transitioned from a component supplier to a comprehensive solution provider in the smart automotive sector, adhering to a "no car manufacturing" strategy while deeply collaborating with automotive companies, creating a differentiated competitive landscape compared to BYD's vertical integration and three-electric technology advantages [3][4] - The competition between Huawei and traditional automakers in the field of intelligence will be a focal point in the future market [3] - Huawei's automotive business operates through three parallel models: component supply, HI intelligent driving, and HarmonyOS intelligent driving, with the HI model showing the most growth potential due to its non-threatening nature to automakers' dominance [3][7] Summary by Sections Huawei's Automotive Business Development - Huawei's automotive journey began with in-car communication (2013-2015), evolved through collaborations with car manufacturers (2016-2018), and has now reached the stage of providing comprehensive solutions since 2019 [3][4] Production Capacity and Market Performance - Huawei's smart selection vehicle business has established an annual production capacity of 1.7 million units, achieving rapid growth in the high-end new energy market, with standout models like the Zhijie R7 and Xiangjie S9 [4] - The production layout includes various factories with specific annual capacities, such as 700,000 units at the Seres Chongqing Super Factory and 150,000 units at the Liangjiang Factory [4] Revenue Projections - By 2030, Huawei's automotive business is expected to generate revenues of 63.51 billion yuan from HarmonyOS intelligent driving and 24.27 billion yuan from smart automotive solutions, with intelligent driving and cockpit technologies being the main growth drivers [5][16] - The projected sales volume for HarmonyOS intelligent driving is expected to increase from 78,000 units to 1.56 million units, primarily driven by the Wanjie series [5][16] Business Models and Solutions - Huawei's smart automotive business provides comprehensive support through five major solutions, including hardware and software supply, and operates through a sales network comprising direct brand outlets and partnerships with automotive companies [7][8] - The smart selection model allows Huawei to deeply participate in the automotive manufacturing process, achieving both "making good cars" and "selling good cars" [7] Case Study: Seres - The collaboration between Seres and Huawei has evolved through stages of exploration, brand accumulation, market downturns, and product breakthroughs, with the product line expanding from the single SF5 to multiple models like Wanjie M5/M7/M9, achieving peak monthly sales of over 40,000 units [11] - The smart selection model has significantly contributed to Seres' success by providing a transparent pricing system and a user-centered marketing approach, which has resonated well with younger consumers [11]

Investment Rating - The report does not explicitly state an investment rating for the industry or company Core Insights - Huawei has transitioned from a component supplier to a comprehensive solution provider in the smart automotive sector, adhering to a "no car manufacturing" strategy while deeply collaborating with automotive companies, creating a differentiated competitive landscape compared to BYD's vertical integration approach [3] - The report emphasizes Huawei's automotive business development through three parallel models: component supply, HI intelligent driving, and HarmonyOS intelligent driving, with the HI model showing the most growth potential due to its non-threatening nature to automotive companies [3] - The report aims to analyze Huawei's strategic layout and development status in the automotive industry, focusing on its technological innovation, business model transformation, and industrial ecosystem construction under the "no car manufacturing" strategy [3] Summary by Sections Huawei's Automotive Business Development - Huawei's automotive journey began with in-car communication (2013-2015), evolved through collaborations with car manufacturers (2016-2018), and has now reached the stage of providing comprehensive solutions since 2019 [3] Production Capacity and Market Performance - Huawei's smart selection vehicle business has established an annual production capacity of 1.7 million units, achieving rapid growth in the high-end new energy market, with standout models like the Zhijie R7 and Xiangjie S9 [4] - The production layout includes various factories, with the Wanjie M5, M7, and M9 produced at different facilities, totaling capacities of 700,000, 150,000, and 150,000 units respectively [4] Revenue Projections - By 2030, Huawei's automotive business is projected to achieve revenues of 63.51 billion yuan from HarmonyOS intelligent driving and 24.27 billion yuan from smart automotive solutions, with intelligent driving and cockpit technologies being the main growth drivers [5][16] - The HarmonyOS intelligent driving sales are expected to increase from 78,000 units to 1.56 million units, primarily driven by the Wanjie series [5] Business Models - Huawei's smart automotive business operates through five major solutions, providing comprehensive support from components to complete vehicles, leveraging both direct sales and partnerships with automotive companies [7] - The sales network consists of direct brand outlets and strategic partnerships, including self-operated retail points and authorized specialty stores [8] Case Study: Seres - The collaboration between Seres and Huawei has evolved through various stages, leading to a product line expansion from the SF5 to multiple models like the Wanjie M5/M7/M9, achieving peak monthly sales of over 40,000 units [11] - The innovative marketing strategy of the smart selection model has significantly contributed to Seres' success, offering a transparent pricing system and a user-centered purchasing experience [11]

撰 文 / 孟 为 设 计 / 琚 佳 3月10日，法拉第未来（Faraday Future，简称FF）正式将公司股票代码从"FFIE"改为"FFAI"。 其创始人贾跃亭称，AI车生态不仅是未来，更是FF的核心能力和核心战略。更名不仅是品牌升 级，更是公司对核心AI战略及长期发展目标的坚定承诺。 不到一个月前，力帆科技公告宣布，公司全称由力帆科技（集团）股份有限公司"变更为"重庆千里 科技股份有限公司"，2月18日起，证券代码601777的证券简称将由"力帆科技"变更为"千里科技"。 其更名动作的背后，也是力帆从传统车企，到全面拥抱智能化浪潮，聚焦"AI+车"战略的主动求 变，并成为了吉利全域AI战略的重要组成部分。 明确向AI领域转型的汽车企业还有小鹏汽车和理想汽车。 在刚刚结束的2025全国两会上，小鹏汽车董事长何小鹏表示，"一个全新的AI时代正在到来。AI会 推动自动驾驶甚至无人驾驶的到来；汽车产业正在和机器人开始进行融合。" 2025年，小鹏汽车也被重新定义为一家面向全球的AI汽车公司，并基于此，在未来10年内，实现产 品、商业、组织与全球化全方位领先，年销100万台AI汽车。 如何重塑汽车业 汽车商 ...

Core Viewpoint - The article emphasizes the transition of China's automotive industry from electrification to intelligence, highlighting Huawei's significant role in this shift through its various collaboration models with domestic car manufacturers [2][13]. Group 1: Huawei's Three Models in the Automotive Sector - Huawei has entered the automotive market through three models: the HI model providing full-stack intelligent vehicle solutions, the HarmonyOS intelligent driving model involving deep collaboration with car manufacturers, and the joint venture or equity participation model [2][3]. - Current collaborations under the HI model include vehicles like BAIC's Arcfox S and Changan's Avita series, while the HarmonyOS model includes partnerships with companies like Seres and Chery [2][3]. Group 2: Market Performance of Huawei's "Four Realms" Vehicles - The article discusses the market performance of Huawei's vehicles under the "Four Realms" branding, particularly focusing on the Seres brand and its models like the Wanjie M5, M7, and M9, which have seen significant sales growth since their launch [4][5][6]. - The Wanjie M5, launched in December 2021, has sold a cumulative total of 166,945 units by January 2025, while the M7 and M9 have also contributed to Seres' total sales of 974,885 units [6]. Group 3: Collaborations with Other Automakers - The article outlines Huawei's collaborations with various automakers, including Chery, BAIC, and Jianghuai, detailing the development of models like the Zhijie R7 and the Xiangjie S9, which have varying degrees of market success [7][9][11]. - The Zhijie R7, launched in September 2024, has quickly gained traction, with sales reaching 30,561 units by December of the same year, while the Xiangjie S9 has seen slower sales, averaging around 2,000 units per month [8][10]. Group 4: Embracing Intelligence in the Automotive Industry - The article concludes that embracing intelligence in vehicles is a consensus among industry insiders, with various companies, including BYD and Lantu, announcing their plans to integrate advanced intelligent driving technologies into their models [13]. - The integration of Huawei's intelligent driving solutions and HarmonyOS into vehicles is seen as a significant step towards transforming cars into extensions of modern life [13][14].

以下文章来源于晚点Auto ，作者晚点团队 晚点Auto . 从制造到创造，从不可能到可能。《晚点LatePost》旗下汽车品牌。 问界全新车型 M8 预计二季度上市。 文丨曾兴 编辑丨龚方毅 我们从多个独立信源处获悉，问界 M9 改款车型将于近期上市，较原计划提前近一个季度。 处在竞争更激烈的 20 万元至 30 万元 SUV 市场的问界 M7，确实需要通过改款重新激活销量。1 月问界 M7 卖出 0.8 万辆，销量已不足高峰时期的三分之一。 改款后的问界 M7 可能会上调车型价格和定位，与智界 R7 区隔，同时也和将在今年年中上市的小米 YU7 错 位竞争。小米 YU7 定位中高端纯电 SUV，处在 25 万至 35 万元价格带，从工信部申报信息来看，共有三个 版本，可能延续小米 SU7 的车型策略，推出标准版、Pro 版和 Max 版。 2 月 19 日，工信部新车申报目录出现改款问界 M9，从申报信息看，新车外观延续了家族式设计，改款主 要为动力和智驾水平的提升。新车将搭载型号为 HG15T 的增程器，与问界 M8 一致。增加了两颗侧向和 一颗后向激光雷达，在硬件上和尊界 S800 看齐。 全新车型问 ...

汽车智能化月报： 《国信汽车-汽车智能化月报系列（二十一）：智驾平权，AI推动汽车板块估值重塑》——20250524 《国信汽车-汽车智能化月报系列（二十）：城区智能驾驶辅助功能渗透率超10%，英伟达推出基于Thor的自动驾驶平台》 ——20250124 《国信汽车-汽车智能化月报系列（十九）：华为举行首批智能车载光认证合作伙伴签约仪式，佑驾创新冲刺港股IPO》—— 20241224 《国信汽车-汽车智能化月报系列（十八）：小鹏P7+全系标配高阶智能辅助驾驶功能，小马智行冲刺美股IPO》——20241126 《国信汽车-汽车智能化月报系列（十七）：特斯拉FSD V13版本预计11月发布，地平线于港交所上市》——20241109 《国信汽车-汽车智能化月报系列（十六）：特斯拉FSD再次降价，MONA M03上市22天下线超万 辆》——20240926 《国信汽车-汽车智能化月报系列（十五）：小鹏汽车端到端大模型量产上车，小米SU7城市智能驾驶即将开通十城》—— 20240604 《国信汽车-汽车智能化月报系列（十四）：特斯拉北美FSD月度付费降价50%，小鹏3月XNGP城区 智驾月活用户渗透率达82%》——20 ...