4.【11.59万起，2025款东风奕派eπ007上市】2025款东风奕派eπ007上市，全系共有9款车型，爆 款3款增程版和6款纯电版本，官方售价为11.59万-14.99万元。新车升级"天际晶格"LED贯穿式尾 灯、19英寸星耀之光运动轮辋，颜值再升级。车内采用全新的云感亲肌皮质座椅，乘坐区域增添高弹 海绵，并新增靠背通风，此外，车内还新增自带加热功能的真皮方向盘、四门电释放开门按键等舒享 配置。（腾讯网） 更多汽车出行资讯 …… 扫码订阅汽车交通产业日报， 2.【马斯克：特斯拉愿意授权FSD技术给其他车企】特斯拉CEO埃隆·马斯克近日接受采访时表示， 特斯拉"非常愿意"将其FSD（"全自动驾驶"）技术授权给其他主要汽车制造商，目前正在与几家公司 进行洽谈。"我们展示的自动驾驶能力越多，他们就越想获得授权，我们很乐意提供帮助。"他补充 道。（第一财经） 3.【小鹏MONA M03 Max首发搭载AI天玑系统5.7.0，新增超300项功能】小鹏汽车5月22日宣布， MONA M03 Max首发搭载AI天玑系统5.7.0，新增超300项功能，带来超20万级的智能座舱体验。此 前，官方已经宣布新车上市发布会定档 ...

Core Viewpoint - The core growth of XPeng Motors is attributed to the continuous improvement in its organizational, product, marketing, technological, and operational capabilities [1] Financial Performance - XPeng Motors reported Q1 revenue of 15.81 billion yuan, a year-on-year increase of 141.5% [1] - Total delivery volume reached 94,000 units, marking a historical quarterly high with a year-on-year growth of 330.8% [1] - R&D expenses for Q1 amounted to 1.98 billion yuan, a 46.7% increase from 1.35 billion yuan in the same period last year, slightly exceeding market expectations of 1.86 billion yuan [1] - The gross margin for Q1 reached a historical high of 15.6%, surpassing the 14.9% of Li Auto during the same period [4] - The automotive gross margin was 10.5%, up 5 percentage points year-on-year, despite a decline in vehicle selling prices [4] - Net loss for Q1 was 660 million yuan, significantly reduced from 1.37 billion yuan in the same period last year and 1.33 billion yuan in Q4 2024 [4] Future Outlook - XPeng Motors plans to invest approximately 6.5 billion yuan in R&D for 2024 and around 8.5 billion yuan for 2025, with a significant portion allocated to AI-related investments [1] - The company aims to improve gross margins through a higher proportion of high-margin models, supply chain optimization, and increased sales potential in Q3 and Q4 [5] - XPeng anticipates launching multiple new models, including the "full-blooded" version of the MONA M03 on May 28 and the new G7 in June, with further models expected in Q3 and Q4 [5][6] Competitive Positioning - The upcoming new models will include those equipped with XPeng's self-developed Turing chip, enhancing autonomous driving capabilities and in-car functions [6] - The company is confident in maintaining a top position across various price segments due to extensive R&D efforts over the past three years [7] - Despite the competitive landscape, XPeng is transitioning from component integration to comprehensive self-research, aiming for a more prominent technological capability in the long term [7]

点 击 蓝 字 关 注 我 们 本文全文共 3195 字，阅读全文约需 10 分钟 本文详细资讯可在中国汽车流通协会乘用车市场信息联席分会官网下载：www.cpcaauto.com 1.本周车市概述 乘用车： 5月1-18日，全国乘用车市场零售93.2万辆，同比去年5月同期增长12%，较上月同期增长18%， 今年以来累计零售780.4万辆，同比增长8%；5月1-18日，全国乘用车厂商批发85.8万辆，同比去年5月同期增 长18%，较上月同期下降2%，今年以来累计批发932.6万辆，同比增长12%。 新能源： 5月1-18日，全国乘用车新能源市场零售48.4万辆，同比去年5月同期增长32%，较上月同期增长 15%，全国新能源市场零售渗透率52%，今年以来累计零售380.8万辆，同比增长35%；5月1-18日，全国乘用 车厂商新能源批发46.7万辆，同比去年5月同期增长23%，较上月同期增长0%，新能源厂商批发渗透率54.4%， 今年以来累计批发444.8万辆，同比增长40%。 2.2025年5全国乘用车市场零售销量平稳 | | 1-5日 | 6-11日 | 12-18日 | 19-25日 | 26-31日 | ...

Core Viewpoint - Jiangsu Zejing Automotive Electronics Co., Ltd. (hereinafter referred to as Zejing Electronics) is pursuing an IPO in Hong Kong, facing challenges such as continuous price declines in its main product, HUD solutions, while managing to improve its gross margin during the same period [1][3]. Group 1: Financial Performance - From 2022 to 2024, the sales revenue from HUD solutions is the primary income source for Zejing Electronics, with gross margins increasing from 22.6% in 2022 to 27.3% in 2024 [3][4]. - The average price of HUD solutions decreased from 974.31 RMB per unit in 2022 to 865.47 RMB in 2024, despite an increase in sales volume [6][7]. - The company achieved a significant increase in HUD solution sales volume, growing from approximately 175,700 units in 2022 to 624,600 units in 2024, representing a growth of 2.55 times [6][7]. Group 2: Cost Management - Despite the decline in average selling prices, Zejing Electronics managed to improve its gross margin through effective cost control and economies of scale, with raw material costs increasing at a slower rate than sales volume [7][8]. - In 2024, the company's labor costs decreased by 12.82% year-on-year, amounting to 25.33 million RMB, while sales volume of HUD solutions increased by 16.84% [8][9]. Group 3: Market Position and Challenges - As of 2024, Zejing Electronics holds a market share of 16.2% in the Chinese HUD solutions market, ranking second among suppliers [9]. - The company's revenue growth rate significantly slowed from 156.6% in 2023 to 5.1% in 2024, attributed to a more cautious approach in securing long-term contracts and adjustments in client production plans [9][10]. - The top five customers contributed a substantial portion of Zejing Electronics' revenue, accounting for 93.0% in 2022, 93.8% in 2023, and 80.9% in 2024, with a decline in sales revenue from these customers in 2024 [9][10]. Group 4: Financial Health - Zejing Electronics has not achieved profitability during the reporting period, with a debt-to-asset ratio of 215.6% and a current ratio of only 41.2% as of the end of 2024 [13][14]. - The company's trade receivables reached 296 million RMB by the end of 2024, with an increase in the average collection period from 102.2 days in 2022 to 140.5 days in 2024 [13][15].

Core Viewpoint - The article discusses the current state and trends of OTA (Over-the-Air) updates in the automotive industry, highlighting the performance of various brands and the impact of regulatory changes on the development of advanced driver assistance systems (ADAS) [2][5][19]. Industry Overview: OTA Data Summary - In April 2025, a total of 391 features were updated across the industry, a significant increase from 265 in the previous month. However, the number of OTA features remains below the average level of the second half of 2024, particularly in the "assisted driving" category, which saw only 13 updates due to ongoing regulatory impacts [5][19]. - New force brands accounted for 126 updated features in April, a substantial rise from just 6 in the previous month. The focus was primarily on "voice assistants" and "vehicle control" modules, with limited updates in assisted driving features [7]. - Domestic brands updated 256 features in April, slightly down from 259 in March, with notable updates from brands like Lynk & Co and Dongfeng Yipai [9]. - Joint venture and luxury brands collectively updated 9 features, with Ford, Nissan, and Volkswagen releasing minor updates. The Shanghai Auto Show showcased new models integrating Chinese technology for smart cockpits and assisted driving [13][16]. Regulatory Impact - The Ministry of Industry and Information Technology (MIIT) held a closed-door meeting in April 2025 to establish testing standards and marketing boundaries for assisted driving, emphasizing the need for compliance with the new OTA regulations introduced on February 28 [19]. - Following the MIIT's new guidelines, multiple automakers have rebranded their "smart driving" features to "assisted driving," aligning with regulatory requirements [21][22]. Upcoming OTA Updates - Several brands have announced upcoming OTA updates, including: - Huawei ADS 4.0 for models like the Enjoy S9 and Aito M8, expected in Q3 2025 [24]. - NIO's World Model for assisted driving, scheduled for May 2025 [24]. - BYD's City Memory Navigation feature, anticipated by the end of 2025 [25]. User Feedback and Experience - User feedback indicates mixed experiences with OTA updates. For instance, the introduction of a "physical key sensing unlock" feature was well-received for its practicality, while other updates were perceived as minor enhancements [32][40]. - Users expressed satisfaction with the new single-pedal "stop" function, which improved driving comfort, although some noted that certain features had not been updated for an extended period, leading to dissatisfaction [42][52].

汽车和汽车零部件行业周报 20250518 ➢ 乘用车基本面向上 新车催化密集 智驾平权提振估值。根据乘用车上险数 据，5 月第 1/2 周乘用车销量 42.4/45.4 万辆，新能源渗透率为 48.2%/49.8%， 受益车展后新车密集催化及五一需求好转，周销量快速恢复。近期，吉利银河星 耀 8 上市，上市限时价 11.58-15.58 万元，加速抢夺 20 万元以下市场；理想汽 车宣布 L 系列智能焕新版正式上市，新车全系标配激光雷达。展望，后续将迎新 车密集催化，重点新车包括小米 YU7、小鹏 M03 MAX、G7、吉利银河星舰 9、 零跑 B01、长安深蓝 S09 等，建议关注基本面向上及具有智驾能力的公司。 ➢ 投资建议：乘用车：看好智能化、全球化加速突破的优质自主，推荐【比亚 迪、吉利汽车、小鹏汽车、赛力斯、理想汽车】，建议关注【小米集团】。 零部件：1）新势力产业链：推荐 H 链-【沪光股份、瑞鹄模具、星宇股份】；建 议关注小米链【无锡振华】； 推荐 T 链【拓普集团、新泉股份、双环传动】； 2）智能化：推荐智能驾驶-【伯特利】，建议关注【地平线机器人】，推荐智能 座舱-【上声电子、继峰股份】。 ...

Core Insights - Apple's introduction of CarPlay Ultra signifies a strategic move to deepen its integration within the automotive sector, transforming CarPlay from a simple infotainment system into a comprehensive vehicle control interface [5][11][15] - The new system aims to unify various vehicle functions and data, providing a seamless digital cockpit experience that integrates driving information with iPhone capabilities [11][12] Group 1: Product Features - CarPlay Ultra offers full-screen control over the dashboard, allowing for personalized themes and a cohesive interaction experience across all vehicle screens [3][11] - The system integrates critical driving information such as speed, fuel levels, and navigation instructions, creating a unified display that enhances user experience [11][12] - It enables control over various vehicle functions, including climate settings, seat adjustments, and ambient lighting, positioning itself as a central hub for vehicle management [11][12] Group 2: Market Challenges - Despite its ambitions, CarPlay Ultra faces significant competition in the Chinese market from established local systems like Huawei's HarmonyOS and NIO's NIO OS, which have already gained user trust and market share [12][14] - The challenge lies in convincing automotive manufacturers to adopt CarPlay Ultra, as many already have established partnerships with other tech providers, raising concerns about brand identity and user loyalty [17][18] - User acceptance is critical; while Apple has a strong iPhone user base, translating that loyalty to a vehicle system is uncertain, especially given the competitive landscape [18][22] Group 3: Strategic Considerations - Apple's long-term vision for the automotive sector has evolved, moving from manufacturing vehicles to enhancing the digital experience within existing cars [9][20] - The success of CarPlay Ultra will depend on its ability to adapt to local market needs and preferences, focusing on functionality and ease of use to attract users [20][22] - The introduction of CarPlay Ultra could stimulate innovation within the smart cockpit sector, but its actual impact in China remains uncertain due to various market dynamics [23]

Group 1: Company Performance - In 2024, the company achieved a revenue of 1.32 billion CNY, a year-on-year increase of 28.64%, and a net profit attributable to shareholders of 106 million CNY, up 132.90% [2] - In Q1 2025, the company reported a revenue of 340.73 million CNY, a year-on-year growth of 15.18%, and a net profit of 30.61 million CNY, increasing by 51.88% [2] Group 2: Market Outlook for Automotive Display - The global automotive display panel shipment is expected to reach 232 million units in 2024, reflecting a year-on-year growth of 6.2% [2] - The trend towards intelligent, large-screen, multi-screen, high-definition, and interactive automotive displays is becoming increasingly significant [2] Group 3: Mini-LED Technology - Mini-LED technology is anticipated to have a broad market space due to its excellent display effects and energy-saving features [2] - The company is positioned as a leading enterprise in Mini-LED automotive backlight display technology, leveraging its advantages in technology reserves, patents, and mass production [3] Group 4: LIPO Technology Market and Company Strategy - The shipment of small and medium-sized OLEDs is projected to exceed 1 billion units in 2025, covering devices such as smartphones and AR/VR headsets [3] - The company began developing LIPO technology in 2022, which has received high recognition from clients and is now entering mass production [3]

Group 1 - The company Tianyouwei plans to go public on the Shanghai Stock Exchange, marking a significant IPO in the A-share market after a year [2] - The IPO price is set at 93.5 yuan per share, the highest in 2023 and the highest in nearly 14 months, despite a low price-to-earnings ratio of 13.5 times, significantly below the industry average of 27 times [2] - Tianyouwei specializes in automotive instrument panels and is a core supplier for Hyundai Motor Group, also supplying to major brands like BYD, Changan Automobile, and Geely [2] Group 2 - The company is expanding into the smart cockpit sector, where in-car screens are becoming essential for user interaction, information display, and entertainment [3] - The automotive industry is moving towards reducing physical buttons and increasing the number of screens, promoting multi-screen and large-screen integration in vehicles [3] - The target audience for smart cockpits is expanding beyond drivers to include passengers, enhancing the demand for in-car entertainment features [4] Group 3 - The smart cockpit is a key strategic direction for connected vehicle companies, driving innovation in integrated hardware and software experiences [4] - The evolution of vehicles into a "third living space" is anticipated, providing users with new possibilities and experiences outside of home and office environments [4]

Core Viewpoint - BOE has launched a comprehensive OLED display solution for smart car cockpits during the 2025 International Display Week, featuring various applications such as anti-reflective LCE car OLED displays, switchable SPD central control OLED displays, and more. Group 1: OLED Display Solutions - The embedded anti-reflective LCE car OLED display measures 12.3 inches with a resolution of 720x1920 and a contrast ratio of 100,000:1, enhancing driving safety by preventing screen content from reflecting on the windshield [1]. - The switchable SPD car OLED display also measures 12.3 inches, with a resolution of 900x2400 and a contrast ratio of 100,000:1, featuring FMLOC touch functionality [3]. - The SPD display achieves a relative brightness of Ldecay@32°<1% and Ldecay@48°<0.5% in privacy mode, effectively preventing mutual influence between the driver and passenger displays [5]. Group 2: Additional OLED Applications - The 55-inch ultra-wide transparent OLED sunroof display has a transmittance rate of 46% and a resolution of 2K, incorporating touch control and dimming glass features [7]. - The 1.5-inch round OLED smart car key has a resolution of 466x466 and a pixel density of 310 PPI, providing real-time vehicle status information and enhancing user interaction [9]. - The electronic rearview mirror OLED display solution utilizes a camera-monitoring system with two 7-inch OLED screens, ensuring quick response times and improved visibility, even in adverse weather conditions [14]. Group 3: Innovative Features - The seat back OLED display system is based on a 15.6-inch OLED platform with a resolution of 2880x1800, integrating FMLOC touch functionality and enhancing rear-seat entertainment [16]. - The smart steering wheel employs advanced under-screen ultrasonic fingerprint technology, allowing user identity binding for personalized adjustments and safety reminders [18].