转自：成都日报锦观 推动生产线一次直通率至98%以上 成都这一中试平台如何赋能智能网联汽车未来？ 近日，在位于成都未来科技城的国汽智端车载智能系统中试平台，车载智能座舱核心模组、域控制器等关键产品，正通过一系列标准化中试工 序，完成从元器件装配到成品检测的全流程验证，每一个环节都严格遵循行业测试标准，确保产品性能稳定可靠。 作为成都市首个车载智能系统领域中试平台，国汽智端车载智能系统中试平台已通过行业权威的IATF 16949质量管理体系认证，是四川省制造 业重点中试平台。这一平台将如何赋能智能网联汽车未来？记者日前进行了探访。 平台的技术攻关成效，正通过一组组数据清晰呈现：不仅实现关键物料成本较设计阶段降低约10%，更推动生产线一次直通率从早期85%稳步 优化至98%以上。尤为关键的是，通过强化环境应力筛选与全周期寿命验证，产品可靠性核心指标MTBF（平均无故障工作时间）提升超 30%，达成量产前核心验证目标。 助力创新成果加速走向生产线 相关产品今年开始量产 在国汽智端车载智能系统中试平台，中试工序在自动化设备的精准操控下有序推进。 记者了解到，国汽智端车载智能系统中试平台的投用填补了成都地区车载智能系统 ...

Core Insights - The issuance of the first official license plates for L3 autonomous vehicles in China marks a significant breakthrough in the smart connected vehicle industry, transitioning from testing to commercial application [1][3] - The year 2025 is identified as a pivotal year for the global autonomous driving industry, with L3 technology moving from validation to commercialization [2] - The development of L3 autonomous driving is supported by advancements in multi-sensor fusion technology and the clarification of liability regulations [2][6] Group 1: Industry Developments - The first batch of L3 autonomous vehicles, including the BAIC Arcfox Alpha S, has received official license plates, allowing them to operate on designated roads in Beijing and Chongqing [1][3] - The vehicles can perform dynamic driving tasks under specific conditions, such as maintaining a maximum speed of 80 km/h on certain highways, while still requiring a driver to be present for emergency control [3][6] - The government is implementing a dual-track mechanism for product approval and road access, ensuring a clear safety baseline while allowing for innovation [4][5] Group 2: Technological and Regulatory Framework - L3 autonomous driving is seen as a critical transition from assisted driving to fully autonomous driving, with the system capable of handling all dynamic driving tasks under designated conditions [6][7] - The responsibility for accidents is divided based on the operational conditions of the vehicle, with manufacturers liable for faults within designated areas and drivers responsible outside those conditions [7][8] - The successful implementation of L3 technology requires comprehensive upgrades across vehicles, components, software, and infrastructure, emphasizing the need for vehicle-road collaboration [8][9] Group 3: Market Potential and Future Outlook - The penetration rate of L3 autonomous driving is projected to reach 55% by 2028, with the domestic market expected to exceed 1.2 trillion yuan by 2030, indicating a significant growth opportunity [8] - Companies are encouraged to take proactive measures in safety, data governance, and exploring sustainable business models to support the commercialization of smart connected vehicles [9]

车企们已告别单纯价格上的厮杀，进入到"体系化"和"生态战"新阶段。 ©TMT星球原创 · 作者｜黄燕华 即将过去的2025年，汽车行业加速行驶在转型的快车道上。 这一年，新能源汽车渗透率持续上升、智能技术加速落地；这一年，是传统燃油车企承受着来自新能源车企的冲击，努力稳住阵脚。 价格战、口水战、营销战成为绕不开的关键词，市场竞争白热化态势不减。 首当其冲的是合资品牌。日系明显掉队，日产、本田在华销量一蹶不振，仅靠丰田勉强支撑；德系三强BBA在苦苦支撑，向电动化、智能化的转型更加务 实；韩系、法系更是"泯然众人矣"。 形成鲜明对比的是，国产品牌的高歌猛进，市场份额继续攀升。但也呈现冷暖不均的状态，有的提前完成年度销量目标，率先布局2026年，而有的则在竭力 维持自身在市场上的热度。 01 自主进，合资退 纵观2025年的汽车市场，用"高潮迭起"这个词形容或许是再恰当不过了。 从持续蔓延的价格战，到全民讨论智能驾驶技术，再到新能源渗透率创历史性新高，组成了2025年汽车行业波澜壮阔的发展图景。 首先是价格战。从2023年开始的价格战，到2025年也并未停歇，不同的是这次由国产品牌主动发起。比亚迪在年初率先推出"全 ...

高仿真"闭环"系统考核车辆综合能力 赛事创新设置"专项测试赛+优秀场景赛"双轨模式。专项测试赛采用高仿真"闭环"挑战，深度融合广深 两地无人车测试合规要求，系统考核车辆从基础到高阶的综合能力。 美团、新石器、京东、佑驾创新、九识智能、白犀牛等企业的无人物流车，直面信号灯响应、雨雾识 别、坡道行驶、障碍物规避等十二项挑战。其中，可行驶区域堵塞测试、施工实线变道等隐藏关卡，精 准命中实际运营中安全与效率的痛点，有效验证了车辆的感知、决策与控制性能。 美团无人车业务部公共事务经理黄永晓表示，本次大赛的多个挑战场景，尤其是机动车信号灯识别、雨 雾天车辆识别、障碍物响应等场景，对提升美团无人车在实际运营中的安全性具有重要价值。"这些场 景模拟了真实城市复杂路况，有效检验了我们在感知融合、决策规划和应急响应方面的技术能力。" 南都讯 12月30日至31日，全国首个聚焦功能型无人车技术与安全双轨验证的专业赛事——2025粤港澳 大湾区功能型无人车大赛，在深圳坪山智能网联交通测试示范平台举办。大赛汇聚产业多方力量，通 过"赛场即场景、竞赛即实战"的全流程实景考核，集中验证功能型无人车在复杂环境下的安全能力与场 景创新潜力。 ...

Core Viewpoint - Best has fully laid out its subsidiary Yuhua Precision Machinery in the linear motion components sector, targeting high-end equipment, automation, humanoid robotics, and intelligent connected vehicles industries [2] Group 1: Business Development - The company’s product offerings include high-precision ball screw assemblies, high-precision linear guide assemblies, planetary roller screw assemblies, micro screws, and linear actuators [2] - The company is actively expanding its market presence in the mid-to-high-end equipment industry and automation sector [2] Group 2: Information Disclosure - The company stated that specific business cooperation details are confidential and will adhere to information disclosure management regulations when necessary [2]

Core Insights - The Chinese automotive industry is facing intense competition and price wars as it approaches an annual production and sales milestone of 32.3 million vehicles, with one in three cars sold globally coming from China. The industry is experiencing a shift from quantity expansion to quality improvement, driven by a series of government policies aimed at stabilizing growth and promoting transformation [2][10]. Policy Measures - The 2025 automotive policies focus on stabilizing consumption and fostering transformation, addressing the current "involution" issues in the industry. Key measures include extending the exemption of the vehicle purchase tax for new energy vehicles (NEVs) until the end of 2027 and increasing the maximum tax exemption from 30,000 RMB [4][5]. - A new action plan for large-scale equipment updates and consumer goods replacement will continue into 2025, with subsidies of up to 10,000 RMB for scrapping old vehicles and purchasing new energy passenger cars, stimulating demand in the stock market [4][5]. - The introduction of a pilot program for intelligent connected vehicles, allowing for conditional Level 3 autonomous driving, marks a significant regulatory advancement, clarifying liability and encouraging innovation [5]. Industry Challenges - The intensifying price wars are squeezing profits for automakers, leading to extended payment terms for small suppliers, which can exceed 120 days. This creates financial strain on smaller companies and hampers the overall efficiency of the automotive supply chain [5][9]. - The implementation of the "Regulations on Payment of Small and Medium-sized Enterprises" aims to alleviate financial pressures by mandating that payments to small suppliers be made within 60 days [5]. Future Outlook - For 2026, the automotive market is expected to see a decline in sales, with predictions of a 5% drop in passenger vehicle sales to 28.5 million units. The focus will remain on stabilizing consumption incentives, achieving breakthroughs in core technologies, and enhancing export quality [6][7]. - New policies will include a reduction in the NEV purchase tax by half starting January 1, 2026, and a continued emphasis on key technology breakthroughs, particularly in automotive chips and solid-state batteries [7][8]. - The export strategy will shift towards quality enhancement, with measures to regulate the export of used cars and improve after-sales service networks, ensuring better quality control [8][9]. Regulatory Environment - The introduction of the "Automotive Industry Price Behavior Compliance Guidelines" aims to curb the detrimental effects of price wars and promote a focus on product quality and technological innovation [9].

智通财经12月30日讯（记者 张屹鹏）当全球汽车行业行至深度变革期，外资车企在华正面临前所未有的挑战与机遇——产业 转型大势之下，如何打响"反击战"？此背景之下，与中国本土智能化供应商牵手，成为2025年汽车产业的一大趋势。 以宝马集团为代表，其三季度财报显示，今年前9个月宝马息税前利润为80.6亿欧元，同比下降16.2%；营业收入同比下降 5.6%，至约1000亿欧元；净利润同比下降6.8%，至57亿欧元。业界普遍认为，外资车企全球范围内盈利表现的持续下滑，与 在华销售疲软有直接关系。 中国汽车流通协会专家委员会成员李颜伟提供BBA最新销量数据显示，1-11月，宝马品牌在华累计销售52.8万辆，同比下滑 14.7%；奔驰累计销售51.8万辆，同比下滑18.7%；奥迪（包含一汽奥迪、上汽奥迪，奥迪进口车）在华销售51.8万辆，同比 下滑13.3%。 "（开放合作）既弥补了整车企业智能化的短板问题，又让科技企业'缺钱缺数据'、技术无法上车等问题得到解决。"在车百 会理事长张永伟看来，整车企业与零部件供应链企业、科技企业之间的合作是在智能化时代双赢且很有特色的发展模式。 "整车企业想在智能化领域快速建立起新的竞争 ...

李书福提到，从吉利星座完成一期组网部署，具备全球服务能力，到沃飞长空AE200首架机成功下线， 创造国内大型载人垂直起降飞行器研发重要里程碑，再到曹操出行发布首个未来城市交通枢纽"绿色智 能通行岛"，加速Robotaxi商业化落地，吉利率先布局的"天地一体化出行生态迎来新的突破，有效助力 智能网联汽车发展。 展望未来，李书福认为，无论技术、市场如何变革，以人为本的安全、绿色、愉悦的出行体验始终是汽 车产业不变的核心。为此，吉利将持续强化在技术创新、人才培养方面的投入。 凤凰网科技讯12月30日，吉利控股集团董事长李书福发布题为《关键时刻不惑不辍》的2026新年致辞。 李书福称，今年以来，吉利围绕智能电动化转型，在技术创新、品牌向上、全球化及绿色发展等方面锐 意突破，展现出稳健高质量的发展态势。 李书福还提到，2026年起，吉利将首期投入5000万元，未来陆续投入3亿元，启动青年创新创业激励计 划，让吉利成为青年人才梦想启航的港湾。 此外，吉利还将支持中国大学生方程式汽车大赛，将醇氢动力的前沿探索融入赛事，为技术多元路径下 汽车产业的可持续发展储备新兴力量，欢迎有志于醇氢电动事业的青年人才加盟吉利。 ...

Investment Rating - The report assigns a "Buy" rating to the company, indicating a positive outlook for its stock performance in the near future [3][6]. Core Insights - The first batch of L3 autonomous driving vehicles has been approved by the Ministry of Industry and Information Technology, including the Changan Deep Blue SL03 and BAIC Arcfox Alpha S, which will conduct pilot tests in designated areas of Beijing and Chongqing [1]. - A mandatory national standard for intelligent connected vehicles will be implemented starting January 1, 2027, which is expected to significantly increase the mandatory testing items for intelligent driving, leading to higher testing costs for vehicles [2]. - The i-VISTA platform, developed by China Automotive Research, is enhancing industry influence and testing capabilities for intelligent connected vehicles, with significant investments planned for testing bases in East and South China, expected to be completed by 2026 [2]. Financial Summary - Projected revenues for the company from 2025 to 2027 are estimated at 46.60 billion, 53 billion, and 67.91 billion yuan respectively, with net profits expected to be 9.31 billion, 10.65 billion, and 14.69 billion yuan [3][4]. - The company is expected to see a revenue growth rate of 14.7% in 2024, followed by a slight decline of 0.8% in 2025, and then a recovery with growth rates of 13.7% and 28.1% in 2026 and 2027 respectively [14]. - The earnings per share are projected to increase from 0.92 yuan in 2024 to 1.46 yuan in 2027, reflecting a positive trend in profitability [4][14].

Investment Rating - The report maintains a "Recommended" investment rating for the automotive industry [6] Core Insights - The automotive industry is experiencing a decline in sales due to tightening subsidies, but the annual cumulative sales remain within a reasonable range. Retail sales of passenger cars from December 1-21 reached 1.3 million units, a year-on-year decrease of 19%, but a month-on-month increase of 5%. Cumulative retail sales for the year stand at 22.783 million units, a year-on-year increase of 4% [2][20] - The penetration rate of new energy vehicles in the passenger car market reached 60.6% during the same period, with cumulative retail sales of 12.26 million units for the year, reflecting an 18% year-on-year growth [2][20] - Regional "14th Five-Year" plans emphasize the importance of the automotive industry, particularly in promoting smart and connected vehicles, with significant investments expected in key areas like Beijing, Shanghai, and Shenzhen [3][30][31] - Leading automotive companies are focusing on smart vehicle strategies, with domestic luxury car brands beginning to define their identities in the market [4][36] Summary by Sections Weekly Market Review - The automotive sector saw a 2.74% increase in the week of December 20-26, outperforming the Shanghai and Shenzhen 300 index by 0.79 percentage points [13] - The automotive parts sector had the highest increase at 4.25%, while the passenger car sector saw a 3.39% rise [15] Data Tracking - Retail and wholesale sales data for passenger cars indicate a mixed performance, with retail sales declining year-on-year but showing month-on-month growth [20] - New energy vehicle sales also reflect a similar trend, with a year-on-year increase in retail sales but a decline in wholesale figures [20] Industry News - The report highlights significant developments in the automotive industry, including organizational changes at Li Auto and the launch of new smart vehicle models by various manufacturers [25][36] - The implementation of the "Shenzhen-Hong Kong Automotive Fast Pass Plan" aims to streamline the export process for new energy vehicles, significantly reducing time and costs [29] Investment Recommendations - The report suggests focusing on the definitions of the automotive industry in various regional "14th Five-Year" plans and the upward trend in autonomous luxury vehicles [5]