证券日报网讯 12月24日，光洋股份在互动平台回答投资者提问时表示，公司积极拓展智能驾驶领域的 核心部件供应能力，在线控产品、车载显示、智能感知系统等方面均有积极布局，已定点项目正在有序 开发，如公司与国内某龙头线控底盘公司的主动悬架类减速器项目、国内某头部新能源整车企业EMB 线控制动项目、智能制动项目、T3*项目等。同时，公司与多家主机厂品牌车载摄像头软硬结合板实现 规模化量产，正与多家头部车企协同开发应用于压力传感器的新型软板组件。 （文章来源：证券日报） ...

格隆汇12月24日丨惠威科技(002888.SZ)在互动平台表示，公司没有产品用于智能驾驶领域，华为车辆 没有使用公司产品。 ...

Summary of Automotive Industry Conference Call Industry Overview - The automotive industry is experiencing a downward trend, with total data accelerating decline since mid-October 2025. Retail sales dropped by 9% in October and over 10% in November, influenced by purchase tax policies and replacement subsidy expectations. The overall forecast for 2026 is neutral to pessimistic, with a potential decline of 2-7% in total volume [1][4][5]. Key Insights and Arguments - **New Energy Vehicles (NEVs)**: The penetration rate of NEVs is expected to increase from 52%-53% in 2025 to 56% in 2026. Exports are projected to grow by 40% to 400,000 units, presenting structural opportunities in the market [1][6]. - **Heavy-Duty Trucks**: Benefiting from the National IV scrappage policy, the demand for heavy-duty trucks is expected to reach 700,000 to 800,000 units in 2026, with significant upward elasticity [1][7]. - **Passenger Vehicles**: The market is anticipated to rebound after hitting a bottom, with long-term investment opportunities emerging from new dimensions such as overseas expansion, high-end products, and smart driving technologies [2][8]. - **High-End Passenger Vehicles**: The demand for models priced above 600,000 RMB is stable, with domestic brands expected to increase market share. Companies like JAC and BYD are projected to achieve significant sales and profit targets [3][11]. Market Segments - **Motorcycle and Bus Markets**: These segments are expected to see high export growth rates, with companies like Yutong and Longxing valued at around 12 times earnings, showing growth rates of 15%-20% [1][8]. - **Automotive Components**: Focus on domestic substitution and technological advancements in areas such as laser radar brackets and control systems. Magnesium alloy products are expected to grow at 40%-50% over the next three years due to cost advantages [3][12]. Policy Impacts - The increase in purchase tax by approximately 5,000 RMB and the expansion of the vehicle replacement policy signal a shift in consumer behavior. The overall demand has been front-loaded, leading to a neutral forecast for 2026 with potential declines of 2-3% [5]. Investment Opportunities - **Export and High-End Markets**: Companies like BYD and Geely are expected to significantly increase their export volumes, with BYD targeting 1.5 million units and Geely aiming for 750,000 to 800,000 units in 2026. The profit share from exports is projected to rise substantially [1][8]. - **Robotics and AI**: The robotics industry is poised for growth, with companies like Tesla and domestic firms planning to produce 50,000 to 100,000 units. The focus on liquid cooling and smart driving technologies presents new investment avenues [3][13][15]. - **Specific Companies to Watch**: Recommendations include Geely, JAC, and companies in the robotics sector such as Hengli and Top Group, which are expected to show strong growth potential [14][17]. Additional Considerations - The European NEV market is projected to increase its penetration rate from 23% to 35%-40% over the next 3-5 years, with a compound annual growth rate of 15%-20%, benefiting companies like Minth and Qiaford [10]. - The heavy-duty truck market is expected to see a rebound in non-Russian regions, with exports projected to exceed 360,000 units in 2026 [10]. This summary encapsulates the key points from the automotive industry conference call, highlighting the current trends, market dynamics, and potential investment opportunities within the sector.

Summary of Key Points from the Conference Call on the Automotive Chip Industry Industry Overview - The automotive chip industry is primarily driven by the growth of electric vehicles (EVs) and intelligent driving technologies, leading to a shift from international dominance to a competitive landscape with multiple domestic players [1][2] - The domestic market is experiencing accelerated localization, with local companies rapidly emerging in niche segments [1][2] Market Growth and Projections - The compound annual growth rate (CAGR) for China's automotive chip market is projected to reach 17.3% from 2025 to 2030, significantly higher than the global average of 13.3% [2] - The demand for chips in electric vehicles far exceeds that of traditional fuel vehicles, particularly for advanced autonomous driving models [1][6] Supply Chain and Localization - The localization rate of semiconductor materials and equipment varies significantly across the supply chain, with over 80% localization achieved in the 28nm and above segment, while the rate for 14nm and below remains low at around 10% [5] - Domestic brands and new energy vehicle manufacturers are increasingly opting for a mix of domestic and international suppliers to reduce costs and enhance localization [7] Regional Industry Clusters - China has established four major automotive chip industry clusters: Beijing-Tianjin-Hebei, Central and Western regions, Yangtze River Delta, and Guangdong-Hong Kong-Macau, each with unique characteristics [8][9] - Notable regions include: - **Beijing**: Strong in software and algorithm development for autonomous driving [14] - **Jiangsu**: Home to a complete industrial chain with significant contributions from cities like Nanjing and Wuxi [13] Key Players and Innovations - **兆易创新 (GigaDevice)**: A leading fabless semiconductor company with a strong presence in the automotive chip market, achieving over 130 billion units shipped and maintaining a high market share [20] - **星驰科技 (StarChips)**: Established in 2018, focusing on central computing and regional control electronics, with over 600 million units shipped by 2025 [17] - **斯达半岛 (Star Semiconductor)**: Transitioning from industrial control to the new energy sector, with significant growth in power semiconductor devices [22] Technological Trends - The industry is moving towards a single System on Chip (SoC) approach to integrate smart cockpit and intelligent driving functions, enhancing cost efficiency and reducing communication latency [15][16] - There is a strong emphasis on upstream and downstream collaboration to achieve complete localization and innovation across the supply chain [16] Challenges and Opportunities - The automotive chip industry faces challenges in achieving high localization rates for advanced manufacturing processes, particularly for chips below 14nm [5] - The increasing complexity and functionality of electric vehicles necessitate a higher number of chips, with EVs requiring 1,000 to 3,000 chips compared to 500 to 1,000 for traditional vehicles [6] Conclusion - The automotive chip industry in China is poised for significant growth driven by technological advancements and increasing localization efforts, with various regional clusters contributing to a robust ecosystem [2][8]

证券日报网讯 12月24日，光洋股份（002708）发布公告称，2025年12月23日，常州光洋轴承股份有限 公司（以下简称"公司"）与浙江孔辉汽车科技股份有限公司签署了《战略合作协议》，针对智能驾驶全 主动悬架相关产品展开全方位的战略合作，积极推动公司在智能驾驶领域的业务布局，本着平等互利、 合作共赢的原则，为发挥各自资源优势，建立更紧密的战略合作关系，双方拟在主动稳定杆以及其他线 控底盘关键零部件等产品的研发、制造等领域紧密合作。 ...

千里科技（601777）12月24日晚间宣布，公司收到通知，股东力帆控股与梅赛德斯-奔驰（上海）数字 技术有限公司（下称"奔驰数字"）之间的股份协议转让交易已取得上交所的合规性确认，并取得中登公 司出具的《证券过户登记确认书》，过户日期为12月23日，过户数量为1.36亿股。 上述交易后，力帆控股所持千里科技股份由6.19亿股降至4.83亿股，持股比例由13.68%变更为10.68%。 奔驰数字持股1.36亿股，持股比例为3%，系上市公司第五大股东。奔驰数字承诺，上述股份自过户登 记至其名下之日起12个月内不减持。 此前，千里科技在9月下旬披露，力帆控股、奔驰数字分别与华创股份和申万宏源签署《股份购买协 议》，力帆控股将其持有的千里科技股份合计1.36亿股，以9.87元/股的价格，协议转让给奔驰数字。以 此估算，奔驰数字此次投资耗资约13.42亿元。 奔驰数字系梅赛德斯-奔驰（中国）投资全资子公司。公开资料显示，奔驰数字系梅赛德斯-奔驰在全球 海外最大的数字化研发中心，于2023年6月由梅奔上海研发团队升级而来，并正式落户上海金桥。 对于奔驰数字的入股，千里科技董事长印奇曾公开表示："非常高兴奔驰成为了我们的 ...

孔辉汽车注册地址位于浙江省湖州市湖州南太湖新区西凤路788号1号楼，经营范围涵盖汽车零部件研 发、汽车零部件及配件制造、汽车零配件批发、汽车零配件零售、软件开发、信息咨询服务(不含许可 类信息咨询服务)、试验机销售、新能源汽车生产测试设备销售等。 12月24日晚，光洋股份（002708）公告，公司于2025年12月23日与浙江孔辉汽车科技股份有限公司(以 下简称"孔辉汽车")签署了《战略合作协议》，针对智能驾驶全主动悬架相关产品展开全方位的战略合 作，积极推动公司在智能驾驶领域的业务布局。 光洋股份表示，本次合作，为发挥各自资源优势，建立更紧密的战略合作关系，双方拟在主动稳定杆以 及其他线控底盘关键零部件等产品的研发、制造等领域紧密合作。本次签署的战略合作协议无需提交公 司董事会或股东大会审议，亦不构成《上市公司重大资产重组管理办法》规定的重大资产重组。 协议显示，合同有效期内，双方应尽最大努力不断提升制造水平、管理水平、工艺水平，最大程度配合 孔辉汽车不断寻找并实施降低成本的机会，光洋股份向孔辉汽车供应产品的降价幅度，应不低于孔辉汽 车客户当期要求的孔辉汽车降价幅度。 光洋股份专注于各类新能源与燃油汽车精密 ...

Core Viewpoint - Qianli Technology (601777.SH) announced that Mercedes-Benz (Shanghai) Digital Technology Co., Ltd. has completed the equity transfer registration, acquiring a 3.00% stake in the company through a share transfer agreement at a price of 9.87 RMB per share [1] Group 1: Equity Transfer Details - Mercedes-Benz Digital Technology acquired 135,633,002 shares of Qianli Technology, making it the fifth largest shareholder [1] - The transaction has received compliance confirmation from the Shanghai Stock Exchange and will obtain a securities transfer registration confirmation from China Securities Depository and Clearing Corporation Limited by December 2025 [1] - The transfer date was recorded as December 23, 2025 [1] Group 2: Strategic Cooperation - Mercedes-Benz has reached a long-term strategic cooperation agreement with Qianli Technology, focusing on areas such as artificial intelligence technology, intelligent driving, and smart cockpits [1] - Mercedes-Benz may appoint a director to participate in the board affairs of Qianli Technology [1]

Core Viewpoint - SAIC Audi officially announced the delivery of the Audi A5L Sportback flagship model (200kW), which is the world's first fuel vehicle equipped with Huawei's QianKun intelligent driving technology [1][10]. Pricing and Offers - The Audi A5L Sportback flagship model is available in two configurations, priced at 345,900 yuan and 382,900 yuan, making them the most expensive in the series. Additionally, a "Worry-Free Gift" worth 4,000 yuan is offered, which includes 2 years and 3 instances of Audi brand maintenance services [3][12]. Technology and Features - The vehicle utilizes Audi's new generation PPC intelligent platform and is equipped with 32 high-performance sensors, including 12 high-definition cameras, 6 millimeter-wave radars, and 12 ultrasonic sensors, along with 2 laser radars featuring a temperature-controlled self-cleaning system [5][14]. Powertrain and Performance - The car is powered by the fifth-generation EA888 engine, delivering a maximum output of 200kW and a peak torque of 400N·m. It features industry-leading 500bar direct injection, Porsche-sourced VTG variable turbocharging technology, and the new MHEV Plus super mild hybrid system, achieving a 0-100 km/h acceleration in just 5.6 seconds. It also includes an upgraded quattro intelligent all-wheel-drive system [6][15]. Suspension and Handling - The vehicle features a front and rear five-link independent suspension, complemented by a progressive steering system characteristic of luxury performance cars. All quattro models are equipped with Audi's track-level S-Sport suspension system, which integrates a lower vehicle height, high-stiffness spring settings, and the new ZF CDC adjustable damping system [9][17].

光洋股份公告，公司与浙江孔辉汽车科技股份有限公司签署了《战略合作协议》，针对智能驾驶全主动 悬架相关产品展开全方位的战略合作，积极推动公司在智能驾驶领域的业务布局，本着平等互利、合作 共赢的原则，为发挥各自 资源优势，建立更紧密的战略合作关系，双方拟在主动稳定杆以及其他 线控 底盘关键零部件等产品的研发、制造等领域紧密合作。本次签署的战略合作协议无需提交公司董事会或 股东大会审议，亦不构成《上市公司重大资产重组管理办法》规定的重大资产重组。 ...