Core Viewpoint - The all-new Mercedes-Benz pure electric CLA has been officially launched, offering three models with prices ranging from RMB 249,000 to RMB 299,900, showcasing advanced technology and luxury features tailored for the Chinese market [1][2][4]. Pricing and Models - The all-new Mercedes-Benz pure electric CLA is available in three versions: CLA 300L Long Range, CLA 300L Long Range Intelligent Edition, and CLA 300L Long Range Champion Limited Edition (limited to 100 units), with prices set at RMB 249,000, RMB 285,600, and RMB 299,900 respectively [1][2]. - The models are sold through dedicated Mercedes-Benz electric vehicle dealers across the country, with a unified launch price and various limited-time purchase incentives available until December 31, 2025 [4]. Technology and Efficiency - The new CLA features the industry's only electric two-speed transmission, achieving an energy consumption of 10.9 kWh per 100 km, setting a benchmark for efficiency in its class [2][8]. - It is equipped with a high-performance battery system, including high-nickel positive electrodes and silicon oxide negative electrodes, an 800V electrical system, and a multi-source heat pump system, enabling a range of 866 km (CLTC standard) and a maximum charging power of 320 kW [8]. Intelligent Features - The vehicle incorporates an AI-powered smart cockpit, utilizing ByteDance's Doubao model and a navigation assistance system developed in collaboration with Momenta, providing a tailored intelligent travel experience for Chinese customers [2][5]. - The CLA is described as the "smartest Mercedes," featuring the latest generation of the car machine system and a virtual assistant capable of understanding different emotions, enhancing user interaction [8]. Safety Standards - The new CLA is equipped with 11 airbags and has undergone over 180 real vehicle crash tests, ensuring high safety standards and certifications from various authoritative organizations [9]. - Mercedes-Benz has established industry-leading electric safety standards and is actively involved in setting international standards for electromagnetic safety, which will be transformed into new national standards by 2026 [9]. Luxury and Design - The design of the new CLA emphasizes luxury and vitality, featuring a closed grille with 142 dynamic star logos that greet the driver upon startup [6]. - The vehicle includes a unique "car language" sound system with up to six themes, enhancing the emotional value of the luxury travel experience [6]. Special Editions and Offers - The limited edition CLA 300L Long Range Champion features exclusive configurations and digital elements associated with brand ambassador Wang Chuqin, enhancing the overall sensory experience for owners [11]. - Customers who order before the deadline can enjoy various purchase incentives, including discounts and extended usage rights for the navigation assistance system [4][10].

Core Viewpoint - The discussion on intelligent driving safety is ongoing, emphasizing that human-machine collaboration will be crucial for future developments in autonomous driving technology [1][3]. Group 1: Human-Machine Collaboration - Current intelligent driving capabilities do not meet user expectations, highlighting the need to build trust between humans and machines to optimize collaboration [3][4]. - If humans disengage from driving control, their driving skills may deteriorate, leading to risky behavior due to overconfidence in autonomous systems [3][4]. Group 2: Industry Challenges - The urban navigation assistance feature (NOA) in intelligent driving vehicles faces challenges due to the complexity and diversity of China's traffic infrastructure, affecting user trust in these systems [3][4]. - Companies are focusing on enhancing the capabilities of intelligent driving products to handle complex scenarios, including increasing computational power and automating data processes for rapid system iteration [4]. Group 3: Technological Advancements - The integration of large models in AI is expected to improve human-machine interaction by better understanding commands and emotional nuances [4]. - In five years, AI-driven vehicles may evolve from mere tools to intelligent companions, with systems potentially available in vehicles priced around 100,000 yuan [5]. - The automotive industry anticipates the mass production of intelligent cabins with long-term memory capabilities, leading to personalized driving experiences [5].

Core Viewpoint - Recent court cases regarding drunk driving highlight the importance of driver responsibility and the limitations of technology in circumventing legal obligations [1][4]. Group 1: Legal Implications - The Beijing Second Intermediate People's Court upheld a sentence of three months' detention and a fine of 6,000 yuan for a defendant who claimed to use automatic driving features while driving under the influence [1]. - A case in Hangzhou involved a defendant who used a so-called "smart driving device" while sleeping in the passenger seat, resulting in a conviction for dangerous driving [1]. - These cases collectively send a clear message that technological advancements cannot override legal responsibilities, emphasizing the rigidity of judicial rulings in the context of "smart driving" applications [1][4]. Group 2: Consumer Awareness and Misuse - There is a growing concern about consumers misinterpreting driver assistance technologies as substitutes for human drivers, leading to dangerous behaviors such as modifying vehicles to bypass safety systems [2][3]. - The proliferation of aftermarket "smart driving devices" has created a gray market, complicating regulatory efforts due to their ambiguous legal status [2][3]. - Public awareness campaigns are needed to clarify that driver assistance systems are meant to assist, not replace, human control, urging consumers to remain vigilant while using these technologies [3]. Group 3: Regulatory Recommendations - The government and industry organizations should collaborate to promote awareness that "driver assistance is not autonomous driving," using real case studies to illustrate legal boundaries [3]. - There is a call for regulatory bodies to address the oversight gaps in the aftermarket sector, ensuring that companies producing non-compliant devices are held accountable [4]. - Future legal frameworks should clearly delineate responsibilities associated with different levels of driving assistance and consider incorporating these regulations into driver licensing processes [3][4].

Core Viewpoint - SAIC Volkswagen has launched the Pro family 2026 models, positioning them as "super smart fuel vehicles" that aim to enhance the intelligent experience of fuel vehicles, marking a transition to the 2.0 stage of fuel vehicle intelligence [1][12] Group 1: Product Overview - The Pro family 2026 models include three main models: Tiguan L Pro, Passat Pro, and Teramont Pro, all equipped with the new generation IQ.Pilot enhanced driving assistance system [3] - The IQ.Pilot system supports end-to-end high-speed NOA (Navigation on Autopilot) functionality and has undergone extensive testing to ensure safety and reliability [6] Group 2: Technological Features - The high-speed NOA system offers three core functions: automatic navigation lane changes, intelligent obstacle avoidance, and autonomous on/off ramp navigation, providing a seamless driving experience even with human intervention [6][8] - The system utilizes high-precision sensing technology, including an 8-megapixel binocular camera, to create a 360° safety perception system without relying on high-definition maps or LiDAR [8] Group 3: Intelligent Cabin Enhancements - The intelligent cabin features include a voice assistant developed in collaboration with Baidu, supporting multi-intent recognition and smart voice control [10] - The Face ID recognition system allows for automatic login and personalized settings, enhancing user experience [10] Group 4: Strategic Direction - SAIC Volkswagen adheres to the "oil-electricity co-prosperity" strategy, promoting the simultaneous development of fuel and new energy vehicles, with the Pro family 2026 models exemplifying this approach [12] - The company aims to provide a balanced intelligent experience for both fuel and new energy vehicle users, ensuring safety and adaptability to the Chinese market [12]

Core Insights - SAIC Volkswagen officially launched the Pro family 2026 models, marking a significant advancement in the intelligent experience of fuel vehicles, entering the 2.0 phase of smart upgrades [1][2] - The Pro family aims to dispel consumer biases against the intelligence of fuel vehicles by offering advanced features such as reliable driver assistance, user-friendly human-machine interaction, and an intelligent cockpit that learns user preferences [1][2] Group 1: Product Features - The Pro family emphasizes the "golden value triangle" of fuel vehicles, which includes intelligent performance, high-quality manufacturing, and mechanical excellence, leveraging SAIC Volkswagen's 40 years of automotive experience [2] - The upgraded IQ.Pilot enhanced driving assistance system features automatic navigation lane changes, intelligent obstacle avoidance, and autonomous on/off ramp capabilities, providing a seamless driving experience [2][4] - The system allows for human intervention without disengaging assistance, enabling the vehicle to adapt to changes in driving plans while maintaining optimal support [2][4] Group 2: Technological Advancements - The high-precision perception system utilizes dual-camera sensors and advanced algorithms to create a comprehensive safety perception system without relying on high-definition maps or lidar [5] - The dual-camera enhanced OCC algorithm significantly improves the detection distance and accuracy of static obstacles, allowing for real-time dynamic display and decision-making that mimics human driving behavior [5] Group 3: Intelligent Cockpit Enhancements - The intelligent cockpit features a fully integrated language model, smart voice interaction, Face ID recognition, and upgraded mobile connectivity, enhancing user experience and personalization [9] - Collaboration with Baidu has enabled the integration of advanced AI models, allowing the voice assistant to understand multiple intents within a single command and facilitating seamless vehicle control [9] Group 4: Strategic Vision - SAIC Volkswagen continues to pursue a dual-track strategy of fuel and new energy vehicle development, aiming to meet diverse user needs while ensuring high safety and quality standards [9] - The launch of the Pro family 2026 models represents a significant step towards achieving "equal rights" in user experience between fuel and electric vehicles, with plans for ongoing innovation and product expansion [9]

Core Insights - SAIC Volkswagen officially announced the launch of the Pro family 2026 models, marking the advancement of fuel vehicle intelligence to the 2.0 stage [1] - The Pro family aims to break the stereotype of fuel vehicles being non-intelligent by offering advanced intelligent features and a seamless driving experience [1] - The introduction of the IQ.Pilot enhanced driving assistance system, available for free with top models, emphasizes the company's commitment to making technology accessible [1][2] Product Features - The Pro family 2026 models will include advanced features such as reliable driving assistance, user-friendly human-machine interaction, and an intelligent cockpit that evolves with user preferences [1] - The IQ.Pilot system includes three main functions: automatic navigation lane change, intelligent obstacle avoidance, and autonomous on/off ramp capabilities, enhancing the driving experience [2][3] - The system is designed to maintain assistance even during user intervention, allowing for seamless route adjustments without disengaging the driving assistance [2] Technological Advancements - The high-precision perception system utilizes dual cameras and advanced algorithms to create a comprehensive safety perception system without relying on high-definition maps or lidar [3] - The dual-camera system enhances the detection range and accuracy of static obstacles, improving the vehicle's ability to navigate complex scenarios [3] Intelligent Cabin Features - The upgraded intelligent cabin includes a comprehensive language model, smart voice interaction, FaceID recognition, and seamless mobile connectivity [4] - The collaboration with Baidu integrates advanced AI models, enabling the voice assistant to understand multiple intents within a single command [4] - The Pro family 2026 models reflect SAIC Volkswagen's strategy of simultaneous development of fuel and new energy vehicles, catering to diverse user needs [4]

Core Insights - The current version of the intelligent driving system shows improvements in vehicle control and lane changing, but the enhancement in complex scenarios and decision-making is perceived as minimal, around 10%-20% improvement in user experience [1][2] - Users report a strong sense of safety with the system, although it still requires human intervention in complex traffic situations, indicating a need for human-machine collaboration [2][4] Group 1: User Experience - Users have experienced the system in various driving conditions, including highways and urban traffic, and have found it generally reliable, though some situations still necessitate manual driving [2] - Specific feedback includes the need for the system to better handle left turns and lane changes, as well as to improve its recognition of road conditions like water and potholes [3] Group 2: System Performance - The system's performance is noted to be affected by the hardware version, with significant differences observed between versions 7.4 and 8.0, particularly in smoothness and functionality [5] - Users express concerns about the system's speed management in certain scenarios, such as turning and merging, which could pose safety risks [4]

Core Viewpoint - The article highlights the significant advancements in electric vehicle technology by German automaker Mercedes-Benz, particularly with the launch of the all-new fully electric GLC SUV, emphasizing the brand's commitment to innovation while maintaining its core values [1][3][9]. Group 1: Product Innovation - The all-new fully electric GLC SUV features a 99.3 cm wide screen, showcasing Mercedes-Benz's focus on aesthetics and user experience, with a design philosophy centered around the driver [5][7]. - The vehicle is equipped with the MB.OS system, which integrates various functionalities such as infotainment, intelligent driving assistance, and charging management, ensuring compatibility with future models [7][9]. - The GLC SUV boasts impressive energy recovery capabilities, achieving over 99% efficiency in energy recovery during braking, with a maximum recovery power of 300 kW, allowing for a WLTP range of 713 km [7][9]. Group 2: Market Strategy - Mercedes-Benz is heavily investing in technology and product launches, with a focus on the Chinese market, which is seen as a critical area for innovation and growth [9][11]. - The company plans to introduce a long-wheelbase version of the GLC SUV in China by 2026, reflecting its strategy to tailor products to local market demands [13]. - Mercedes-Benz aims to enhance its marketing strategies in China, leveraging both online and offline experiences to strengthen brand perception among consumers [11][13]. Group 3: Brand Philosophy - The brand's leadership emphasizes the importance of maintaining its core values while embracing new technologies, aiming to create a harmonious relationship between innovation and traditional craftsmanship [5][9]. - The concept of "Welcome Home" reflects Mercedes-Benz's desire to connect with consumers emotionally, ensuring that the brand remains memorable and desirable in the new electric era [3][13]. - The company acknowledges the competitive landscape in China, particularly with advancements in intelligent driving technologies, and expresses a commitment to adapt and innovate in response to these challenges [9][11].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦 不發表聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因依賴該等內容而引致之任何損失 承擔任何責任。 自願公告 香港，2025年9月1日（星期一） 本公告載有前瞻性陳述。前瞻性陳述涉及固有風險和不確定性。多種因素可能導致實際結果與 任何前瞻性陳述中的結果產生實質性差異，包括但不限於以下方面：本公司的目標及戰略；本 公司的拓展計劃；其未來的業務發展、財務狀況和經營成果；中國智能電動汽車市場的發展趨 勢和規模；本公司對於其產品及服務的需求及市場接受程度的期待；本公司對於其與客戶、合 作廠商、供應商、第三方服務提供商、戰略合作夥伴及其他持份者的關係的期待；總體經濟及 商業狀況；及與上述任何一項有關或與之相關的假設。本公告中提供的所有信息均截至本公告 日期，除適用法律要求的範圍外，本公司不承擔任何更新前瞻性陳述的義務。 於本公告日期，本公司董事會由執行董事何小鵬先生，非執行董事符績勳先生，以及獨立非執 行董事楊東皓先生、瞿芳女士及張宏江先生組成。 * 僅供識別 2025年8月，小鵬汽車共交付智能電動汽車37,709輛 ...

Core Viewpoint - The emergence of "smart driving insurance" (智驾险) is a response to the growing concerns of car owners regarding liability in accidents involving advanced driver-assistance systems (ADAS) [1][3][10] Group 1: Smart Driving Insurance Overview - Various brands, including Xiaopeng Motors and Xiaomi, are offering "smart driving insurance" as a supplementary service, which provides compensation in case of accidents while using ADAS features [2][5] - The insurance-like products are not officially recognized as insurance by regulatory bodies and are primarily backed by the car manufacturers rather than traditional insurance companies [3][7] - Current ADAS technology is primarily at Level 2, with Level 3 still under development, complicating liability determination in accidents [1][10] Group 2: Market Dynamics and Consumer Perspective - Consumers are often required to purchase traditional insurance before being eligible for "smart driving insurance," which may increase their financial burden without providing significant additional coverage [4][5] - The lack of true insurance products for smart driving means that consumers have limited options and must rely on the offerings of car manufacturers [4][10] Group 3: Role of Insurance Companies - Insurance companies are involved in the design and risk assessment of these products, even though they do not directly handle claims [7][8] - The collaboration between car manufacturers and insurance companies aims to build trust in smart driving technologies and prepare for future insurance products as the market evolves [8][10] Group 4: Future of Smart Driving Insurance - The potential for "smart driving insurance" to evolve into a standalone insurance product exists, but it requires resolution of issues related to liability recognition, data security, and pricing [10][11] - Industry experts suggest that legislative frameworks and standards need to be established to clarify responsibilities and facilitate the development of appropriate insurance products for smart driving [10][11]