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 Viewpoint - Xiaomi and its founder Lei Jun are currently facing significant challenges and controversies, particularly related to the recent SU7 car accident, which has raised questions about the company's quality and safety standards [1][2][4]. Group 1: Impact of SU7 Incident - The SU7 accident has led to intense scrutiny and criticism of Xiaomi, with Lei Jun acknowledging the unexpected severity of the incident's impact on the company [2][4][7]. - The incident has highlighted the difficulties of entering the automotive industry, marking a significant crisis for Xiaomi [3][7]. - Public expectations for Xiaomi have increased dramatically, with Lei Jun realizing the company's substantial influence and responsibility in the automotive sector [7]. Group 2: Quality and Safety Concerns - Following the SU7 accident, there have been widespread concerns regarding the effectiveness of Xiaomi's intelligent driving systems and transparency in data [6]. - Xiaomi has renamed its driving assistance features to clarify their capabilities, reflecting a response to regulatory pressures and public criticism [6]. - Ongoing quality issues have emerged, including complaints from SU7 owners about design flaws and discrepancies between promotional claims and actual product performance [9][11]. Group 3: Chip Development - Lei Jun announced the upcoming release of Xiaomi's self-developed mobile SoC chip "Xuanjie O1," marking a significant milestone in the company's technological advancement [13]. - The development of chips is seen as a critical step for Xiaomi in establishing itself as a leader in hard technology, following previous setbacks in chip development [15][16].

1. 【总投资约10 0亿泰铢，长安汽车泰国罗勇工厂正式投产】5月16日消息，长安汽车罗勇工厂投产仪式 暨全球累计产量2859万辆下线仪式在泰国举行。据悉，长安汽车罗勇工厂总投资约100亿泰铢，工厂已建 成产能10万辆/年，后续将逐步拓展到20万辆/年。按照规划，未来长安、深蓝、阿维塔三大品牌车型均将 在罗勇工厂投产。未来三年，长安汽车还将在东南亚陆续投放12款全新新能源产品；并将在罗勇建立泰 国备件仓库，定位全球右舵备件中心；同时将通过AI赋能，升级泰国数智服务平台，为用户提供智慧车 控、智能维保、电池监控、远程诊断等功能。（新华网） 2.【 蔚来新ES6/EC6正式上市，标配蔚来自研5nm智驾芯片】 5月17日消息， 蔚来 新ES6与EC6正式上 市。新ES6整车购买起售价338000元，采用BaaS电池租用方案购买，起售价268000元；新EC6整车购买起 售价358000元，采用BaaS电池租用方案购买，起售价288000元。作为改款车型，标配 蔚来 自研的5nm高 阶智驾芯片神玑NX9031和NT.Cedar S雪松智能系统。在安全保障部分，新ES6、新EC6还新增紧急自主靠 边停车功能和ET9同款 ...

◎记者 李雨琪 5月16日，A股三大指数缩量震荡，北证50指数逆势活跃。截至收盘，上证指数报3367.46点，跌 0.40%；深证成指报10179.60点，跌0.07%；创业板指报2039.45点，跌0.19%。全市场成交额11241亿 元，较前一个交易日缩量663亿元。 盘面上，全市场超3000只个股上涨，机器人、智能驾驶、可控核聚变等概念涨幅居前。资金持续聚焦高 位抱团股，成飞集成再度涨停，走出8连板行情；宁波海运、宁波远洋、南京港、连云港收获4连板；红 墙股份收获19天11板，利君股份8天7板。 机器人概念股走强 昨日，机器人产业链全线上涨，PEEK材料概念领涨。截至收盘，格力博、豪恩汽电以20%幅度涨停， 精锻科技、鑫宏业涨超10%，中超控股、日发精机、中欣氟材等涨停。 PEEK材料是人形机器人关节与传动系统的核心替代材料。近期，多家上市公司披露在该领域的布局情 况。 唯科科技在投资者关系活动记录表中称，公司高度关注并积极推动在人形机器人方面的产品应用，已有 潜在技术储备涉及关节电机零部件、PEEK丝杆、PPS螺杆等轻量化产品等方面。 PEEK材料概念日K线图 周恒 制图 山西证券表示，随着数据积累、 ...

目前，图达通是全球唯一同时拥有1550nm和905nm激光雷达技术并均实现量产的企业。公司已在苏 州、德清、平湖等地建设自动化生产基地，通过规模化生产控制成本，为企业拓展市场份额奠定了基 础。 随着智能驾驶技术日渐普及，"智驾平权"已成趋势，激光雷达行业也随之进入高速发展期。在这一背景 下，图达通凭借稳定的客户基础与多元化的市场拓展策略，正在显现出日益强劲的市场竞争力与商业化 增长潜力。 此次推出的2025款蔚来"5566"系列车型在座舱体验和智能驾驶芯片领域均有显著提升。2024年，这一系 列车型销量占蔚来整体销量的比重超过六成，已成为品牌销量的中坚力量。为保障智能驾驶系统性能， 新车型搭载了图达通猎鹰系列激光雷达，采用1550nm波长技术，具备500米超远探测距离和高精度点云 成像能力，在夜晚暗光和复杂道路场景下表现突出。这一配置进一步推动蔚来智能驾驶体验的豪华化和 大众化趋势。 在深耕蔚来之外，图达通近期在市场拓展方面也取得了重要突破。据媒体消息称，公司已获得国内另一 家新势力车企的定点订单，该车企主要定位于10万到20万元的经济型市场，新订单预计将在今年内交 付。这意味着图达通在客户结构多元化方面取得 ...

Core Viewpoint - The automotive industry must prioritize safety over flashy technology and marketing gimmicks, as consumer awareness and regulatory scrutiny increase [2][4][5]. Group 1: Consumer Preferences - Consumers are increasingly prioritizing safety in their vehicle purchasing decisions, with 85.67% considering safety as the top factor [15]. - Recent safety incidents have shifted consumer focus from aesthetics and technology to the fundamental need for safe vehicles [6][7]. - The trend indicates a growing rationality among consumers, who are now more critical of marketing claims that emphasize non-essential features [6][7]. Group 2: Industry Response - The automotive industry, particularly new entrants, has been criticized for neglecting safety in favor of marketing innovative features [9][10]. - Regulatory bodies are tightening safety standards, mandating clearer communication regarding vehicle capabilities and safety features [3][17]. - Companies like Xiaomi are recognizing the need to enhance their safety standards in response to public scrutiny following safety incidents [3][4]. Group 3: Marketing and Design Trends - Many automotive companies have shifted their marketing focus towards aesthetics and technology, often at the expense of safety considerations [9][10]. - Features like hidden door handles, while marketed as innovative, have raised safety concerns due to their potential failure in emergencies [11][13]. - The emphasis on "smart" features and design has led to a misalignment with consumer safety expectations, prompting calls for a return to fundamental automotive principles [14][20]. Group 4: Future Directions - The industry must realign its values to prioritize safety in design and marketing strategies to build consumer trust and ensure long-term viability [18][20]. - Companies that integrate safety into their core values and product development processes are likely to succeed in the evolving market landscape [18][20]. - The shift towards a more safety-conscious consumer base and stricter regulations will force the industry to adapt or face significant challenges [17][18].

Group 1 - The core viewpoint of the articles highlights the robust growth of China's AI industry, with leading companies reporting triple-digit revenue growth for AI-related products over seven consecutive quarters, indicating a high level of industry prosperity [1] - The recent release of 15 policy measures by multiple government departments aims to support technological innovation through comprehensive financial services, prompting brokerages to advise investors to focus on opportunities within the technology sector [1] - The technology sector is expected to regain momentum as market conditions improve, with a shift towards mid- to long-term investment logic driven by favorable industry trends and capital expenditure plans from leading internet firms [1][3] Group 2 - The AI field presents high technical and professional investment barriers, leading to a recommendation for investors to consider systematic investment plans in related public funds to mitigate risks and manage costs effectively [2] - The Hui'an Growth Preferred Mixed Fund is identified as a product with significant AI exposure, actively investing in assets related to AI computing power, algorithms, and applications [2] - The fund manager emphasizes a positive outlook on the technology sector, particularly in AI and robotics, with expectations of product innovation cycles and improved industry demand in the coming months [3]

Group 1: Company Overview - Zhejiang Asia-Pacific Mechanical and Electrical Co., Ltd. has been focused on the automotive brake system industry since its establishment in 1979, accumulating a broad customer base including major companies like Geely, Changan, and SAIC [2][3] - The company’s line control braking products began mass production in 2024, although their current sales proportion is still low [2] Group 2: Product Offerings - The company does not sell AEB products separately but helps clients achieve AEB functionality through line control braking products [2] - The company has developed a comprehensive solution integrating wheel hub motors, electronic mechanical brakes (EMB), and chassis domain controllers, enabling independent control of vehicle systems and enhancing personalized travel options [4] Group 3: Market Expansion and Future Plans - The company is actively expanding its customer base and has entered procurement platforms for major automotive brands such as Volkswagen, General Motors, and Honda [3] - Future growth points include expanding market coverage and promoting new automotive electronic systems, aiming to secure more projects [8] Group 4: Financial Performance - The company’s gross margin has improved due to increased domestic vehicle sales and new international projects, alongside ongoing product structure optimization and cost reduction efforts [6] - A project related to line control braking products is expected to generate approximately ¥1 billion in total sales over a five-year lifecycle, with mass production anticipated in Q1 2026 [7]

点 击 蓝 字 关 注 我 们 本文全文共 3321 字，阅读全文约需 11 分钟 目录 国内新闻 1.长城汽车将在巴西打造研发中心和制造基地 2.通用汽车:对道朗格进口业务进行重组 8.东软睿驰牵头新能源汽车智能驾驶项目启动 国外新闻 1.Uber将与大众汽车合作 2.北美地区第二季度汽车产量将减少约12.6万辆 3.加拿大3月电动汽车销量同比大跌近45% 4.Lucid将于年内在欧洲与中东加速扩张 3.吉利银河2025年产品规划公布 4.极氪/领克2025年产品规划公布 5.小桔充电:投入超1亿元升级充电设施 6.极氪007GT第1万辆下线交付 7.宁德时代动力电池装车量市场份额下降4.77% 商用车 1. 广汽领程与巴西交通部代表团共商新能源商用车合作 2. 瑞浦兰钧发布商用车电池新品 3. DeepWay深向签署泰国经销协议 加速拓展东南亚市场 4. 宇通拉美保有量超2.8万辆 国内新闻 1 长城汽车将在巴西打造研发中心和制造基地 时间:2025.5.16 来源:第一电动 5月15日，长城汽车官方消息，巴西总统卢拉与中国长城汽车董事长魏建军会面，双方就长城汽车在巴西 的进一步发展达成共识。魏建军表示， ...

景林资产在SEC公布了2025年一季度末的美股持仓情况。 截至一季度末，景林资产在美股市场持有31家公司的股票，总市值为32.3亿美元。 从调仓动作来看，在2025年一季度，景林清仓了英伟达、腾讯音乐、优步、亚马逊、巴西石油、visa等 8只股票；增持Meta、台积电、富途控股、贝壳、新东方、携程、晶科能源、阿特斯太阳能、Legend Biotech Corp ADR和再生元制药；新进阿里巴巴、英特尔和禾赛科技。 截至今年一季度末，景林资产美股持仓的前十大重仓股分别为脸书母公司Meta、拼多多、网易、满帮 集团、台积电、富途、苹果、中通快递、奇富科技和贝壳。 | 证券代码 | 公司名称 | | 持仓占比 持仓市值(亿澳元) 持有股数(股) | | 数量变化(股) | | --- | --- | --- | --- | --- | --- | | META | Meta | 17.31% | 5.59 | 969277 | 90313 | | PDD | 拼多多 | 17.00% | 5.49 | 4635519 | 无变化 | | NTES | 网易 | 11.40% | 3.68 | 3575098 | - ...