2025.09. 18 本文字数：921，阅读时长大约1.5分钟 作者 | 第一财经 黄琳 第一财经记者了解到，此次，东风集团股份出资的无形资产使用权包括猛士系列的商标权、车型平台及智能驾驶专有技术资产组的许可使用权。上述合 资公司成立后，东风猛士生产基地将包括襄阳工厂、武汉工厂和十堰工厂，三家工厂生产的车型各有侧重。其中，襄阳工厂将侧重轻越野乘用车、武汉 工厂将倾向重越野乘用车。此前，襄阳工厂生产车型主要为东风日产旗下的高端品牌英菲尼迪。 微信编辑 | 七三 第一财经持续追踪财经热点。若您掌握公司动态、行业趋势、金融事件等有价值的线索，欢迎提供。 专用邮箱： bianjibu@yicai.com （注：我们会对线索进行核实。您的隐私将严格保密。） 相关人士告诉记者，随着东风集团股份即将私有化退市和新能源转型加速，东风猛士在上述合资公司中的业务层组织架构、运营模式将接近于新势力品 牌，品牌更为独立、管理更现代化，但暂未有上市规划。目前，合资公司的管理层仍待商榷。 根据规划，合资公司将按照市场化原则组建，建立扁平化、独立的内部治理体系和多元化的企业管理机制，实现资源共享，构建"政府引导、企业主 导、产业协同"的 ...

Group 1 - The new joint venture marks an important step in the deepening cooperation between Dongfeng and Huawei, focusing on the manufacturing and sales of intelligent off-road vehicles under the Mengshi brand with a registered capital of 8.47 billion yuan [1][2] - The joint venture will utilize Dongfeng Group's intangible asset rights, including trademark rights, vehicle platform, and proprietary technology for intelligent driving, with production bases in Xiangyang, Wuhan, and Shiyan, each focusing on different vehicle types [1] - The establishment of the joint venture is expected to modernize the management and operational structure of Dongfeng Mengshi, aligning it more closely with new force brands, although there are currently no plans for an IPO [1] Group 2 - The joint venture will be structured based on market principles, establishing a flat and independent internal governance system, promoting resource sharing, and creating a new development mechanism that emphasizes government guidance, enterprise leadership, and industrial collaboration [2] - The collaboration between Dongfeng Mengshi and Huawei will deepen in areas such as intelligent automotive product development, marketing, and ecological services, entering a new model that is between the "HI" model and the "Smart Choice Car" model [2] - Huawei will open its processes and capabilities, while Dongfeng will integrate Huawei's IPD (Integrated Product Development) and IPMS (Integrated Product Marketing and Services) management methods with its existing processes for collaborative innovation [2]

东风集团股份公告，9月17日，公司、东风汽车有限公司（为公司共同控制实体及被视为公司的附属公 司）、襄阳控股及襄高投资订立投资协议。据此，订约方将通过出资方式共同成立合资公司。合资公司 的注册资本为84.7亿元，其中，公司及东风汽车有限公司将分别以无形资产使用权及实物方式出资35.5 亿元及9.2亿元，分别占合资公司的注册资本约41.9%及10.9%。订约方拟合作开发及销售智能汽车。 ...

Core Viewpoint - Dongfeng Group Co., Ltd. announced the establishment of a joint venture focused on the manufacturing and sales of smart off-road vehicles, integrating financial resources, R&D expertise, and manufacturing capabilities among the partners [1] Summary by Sections Investment Agreement - On September 17, 2025, Dongfeng Group, Dongfeng Motor Co., Ltd., Xiangyang Holdings, and Xiangao Investment entered into an investment agreement to jointly establish a joint venture [1] - The registered capital of the joint venture is set at RMB 8.47 billion [1] Capital Contributions - Dongfeng Group and Dongfeng Motor Co., Ltd. will contribute RMB 3.55 billion and RMB 0.92 billion in the form of intangible asset usage rights and physical assets, representing approximately 41.9% and 10.9% of the joint venture's registered capital, respectively [1] - Xiangyang Holdings and Xiangao Investment will contribute RMB 2.88 billion and RMB 1.12 billion in cash, accounting for 34% and 13.2% of the registered capital, respectively [1] Business Focus - The joint venture is expected to primarily engage in the manufacturing and sales of smart off-road vehicles [1] - The collaboration aims to develop and sell smart vehicles, enhancing the partners' capabilities in automotive production and sales [1]

Core Viewpoint - Dongfeng Group has announced the establishment of a joint venture focused on the manufacturing and sales of smart off-road vehicles, integrating financial resources, R&D expertise, and manufacturing capabilities among the partners [1] Group 1: Joint Venture Details - The joint venture will be established through an investment agreement signed on September 17, 2025, involving Dongfeng Group, Dongfeng Motor Co., Xiangyang Holdings, and Xiangao Investment [1] - The registered capital of the joint venture is set at RMB 8.47 billion, with Dongfeng Group and Dongfeng Motor Co. contributing RMB 3.55 billion and RMB 0.92 billion respectively, accounting for approximately 41.9% and 10.9% of the total capital [1] - Xiangyang Holdings and Xiangao Investment will contribute RMB 2.88 billion and RMB 1.12 billion in cash, representing 34% and 13.2% of the registered capital [1] Group 2: Strategic Focus - The joint venture aims to primarily engage in the manufacturing and sales of smart off-road vehicles [1] - The collaboration is expected to enhance the partners' capabilities in automotive production and sales through the integration of resources and expertise [1]

Group 1 - The company has made significant progress in the development of large-size FCBGA, entering mass production for large-size FCBGA and completing preliminary research for ultra-large size FCBGA, which is now in formal engineering assessment [2] - The company has addressed product warping and heat dissipation issues for ultra-large sizes through product structure design optimization, material selection, and process optimization [2] - Breakthroughs have been achieved in the technology development of optical-electrical hybrid packaging (CPO), with related products passing initial reliability tests [2] Group 2 - The company's Power DFN-clip sourcedown dual-side heat dissipation product has been developed to meet requirements for high current, low power consumption, high heat dissipation, and high reliability [2] - Traditional wire-bond packaging technology has been enhanced through copper plating on both sides of the wafer, improving heat dissipation and power consumption performance [2] - A related process platform has been established to address technical challenges in cutting, mounting, and wire bonding for Cu wafer packaging, achieving mass production across the entire Power DFN series [2] Group 3 - The industry anticipates continued demand growth in emerging fields such as AI and new energy vehicles, which are key drivers for the market [3] - The demand in major sectors like storage, communication, automotive, and industrial is gradually recovering, contributing to a positive outlook for the overall packaging and testing market [3] - Chinese packaging and testing companies need to make continuous breakthroughs in key technology areas such as high-density integration, low power design, and high heat dissipation performance, while enhancing collaboration with international advanced enterprises [3]

Core Viewpoint - Hongsoft Technology's stock has shown significant growth this year, with a 57.84% increase, indicating strong market performance and investor interest [2]. Financial Performance - For the first half of 2025, Hongsoft Technology achieved a revenue of 410 million yuan, representing a year-on-year growth of 7.73%. The net profit attributable to shareholders was 88.54 million yuan, marking a substantial increase of 44.06% [2]. - The company has distributed a total of 613 million yuan in dividends since its A-share listing, with 387 million yuan distributed over the past three years [3]. Stock Market Activity - As of September 17, Hongsoft Technology's stock price was 60.47 yuan per share, with a market capitalization of 24.26 billion yuan. The stock experienced a 2.01% increase during the trading session [1]. - The stock has seen a trading volume of 1.08 billion yuan, with a turnover rate of 0.45% [1]. - The net inflow of main funds was 2.59 million yuan, with significant buying and selling activity from large orders [1]. Shareholder Information - As of June 30, 2025, the number of shareholders was 20,100, a decrease of 8.42% from the previous period. The average circulating shares per person increased by 9.20% to 19,938 shares [2]. - Among the top ten circulating shareholders, Taixin Small and Medium Cap Selected Mixed Fund increased its holdings by 170,000 shares, while Jin Ying Technology Innovation Stock A entered the list as a new shareholder [3].

电池续航方面，奥迪E5 Sportback 采用 800 伏高压平台，搭载宁德时代（300750） 100 度大电池，同时 全系标配热泵，可实现 773 公里的CLTC 工况续航，及 10 分钟补能 380 公里。 设计方面，奥迪E5 Sportback提供 6 种车身颜色，包括晨曦紫、流光银、月曜黑、锋芒绿、冰川白和烟 波蓝。外观部分在前后保险杠部分，奥迪通过4 万过个微孔镭雕工艺，942 颗LED 灯珠，提供较为独特 的外观特征。 凤凰网科技讯（作者/李治钦）9月16日，上汽奥迪在广州大湾区体育中心举办发布会，宣布新车奥迪E5 Sportback正式上市，新车共推出4款车型，售价区间为23.59-31.99 万元。 辅助驾驶方面，奥迪宣布与Momenta合作，新的奥迪全景辅助驾驶系统支持城市通行、高速巡航、自动 泊车等功能。奥迪还宣布，即刻下定奥迪E5 Sportback，可享受奥迪全景辅助驾驶系统终身免费使用。 大屏交互方面，奥迪配备了 12.3 英寸全液晶仪表和 27 寸中控大屏，从中控台中部横贯至副驾驶前方。 可通过 3D 车模控制车门、车灯、空调等功能。奥迪还提供了"智慧岛"的控制模块，为用户提供 ...

9月15日，2026款岚图梦想家正式上市，发布了鲲鹏和乾崑两大智能化系列，五大配置版型，以及PHEV和EV两种动力模式，官方指导价格为32.99万-43.99 万，同步推出多项购车权益。新车上市即交付，用户无需等待，下单即可开启全新豪华体验。 截至目前，岚图梦想家累计交付量已超过13万台，且单车均价突破39万。此次，2026款岚图梦想家焕新升级而来，作为唯一同时搭载800V、5C超快充、 62.5度大电池、华为ADS 4、鸿蒙座舱5及智能后轮转向的新能源MPV，自成都车展预售以来便已收获大量关注。 岚图汽车CEO卢放表示，"梦想家是MPV市场现象级的爆款产品，也是岚图汽车引领中国自主MPV走向'高端豪华'的坚定一步。从承载梦想到行业引领，岚 图梦想家走了四年，凭借着敢梦敢想敢行动的执着，岚图梦想家的目标是超越国际品牌，成为中国MPV市场的领军者。" 外观方面，2026款岚图梦想家延续"鲲鹏展翅"家族化设计，新增"金銮红"双拼车色，以故宫宫殿配色演绎中式豪华。内饰以"天地入怀"为理念，全新Zebra wood斑马木纹饰板与"映山河"透光面板将东方意境与现代匠心融合；新增的紫米、玄青两种内饰配色，也营造出多种豪华 ...

Core Viewpoint - Wanma Technology (300698.SZ) is focused on providing network connectivity and data closed-loop solutions for the smart industry, including smart vehicles, and offers cloud solutions/services necessary for autonomous driving research and development [1] Group 1 - The company does not currently offer communication devices or related software products directly applicable to unmanned aerial vehicles [1] - The company's capabilities in 5G high-quality connectivity solutions, eSIM, and edge computing can be applied to the low-altitude economy sector [1]