杨睿诚强调，联合动力以自主研发和创新方案助力中国新能源汽车产业把握时代机遇，引领技术浪潮。 此次网上路演充分展示了公司的技术实力与战略视野，为投资者提供了深入了解公司价值的机会。 9月12日下午，苏州汇川联合动力系统股份有限公司（简称"联合动力"，股票代码：301656）首次公开 发行股票并在创业板上市网上路演在全景网成功举行。公司董事、总经理杨睿诚出席活动，详细介绍了 公司的技术布局、产品体系及研发创新实力。 更多路演详情，请点击：https://rs.p5w.net/html/175748235744047.shtml 杨睿诚表示，联合动力自设立以来，始终专注于新能源汽车动力系统的研发、生产与服务，已构建覆盖 电驱和电源系统的全产品平台，成为国内少数提供全系列解决方案的独立供应商。公司产品序列完整， 从电控起步，逐步扩展至电机、电源与总成产品，可满足从A00到D级纯电、增程混动、插电混动乘用 车，以及新能源物流车、重卡、客车等多样化车型需求。公司产品兼容400V和800V电压平台，支持前 驱、后驱和四驱多种驱动模式，市场适应性持续提升。 基于高度模块化的产品架构，公司创新推出"模块砖"产品，如定子组件、转 ...

（编辑 张明富） 同时，仰望汽车还公布了仰望U9X在德国纽博格林北环的首次圈速成绩——6分59秒157，凭借超高速下 的稳定性能，展现中国新能源汽车在高性能汽车领域中极速性能与赛道操控的兼容性突破。 本报讯 （记者李昱丞）近日，比亚迪股份有限公司（以下简称"比亚迪"）旗下仰望汽车正式宣布，其 仰望U9赛道特别版车型仰望U9 Xtreme（简称仰望U9X），凭借496.22km/h的全新成绩，取代燃油车登 顶全球量产车极速榜首。 比亚迪方面表示，仰望U9X全球限量发售30台，并将为每一台提供独一无二的整车定制方案。仰望U9X 极速与圈速的双维突破，为新能源汽车的技术研发之路树立了全新的里程碑，标志着中国品牌已在全球 高性能汽车领域成为技术引领者。 据介绍，仰望U9X搭载全球首个量产全域1200V超高压平台，配备四个转速高达30000rpm的高性能电 机，采用高强度航空铝壳体、高速轴承及970MPa转子等顶级材料，整车综合马力超3000Ps，推重比高 达1217 Ps/t，多项性能指标均达全球顶尖水准。在此基础之上，与现款仰望U9同根同源的易四方+云辇- X技术架构，又创新性地将"车身姿态控制"引入赛道场景。 为 ...

Group 1 - The core point of the news is that FAW Bestune has successfully completed a capital increase project, raising a total of 8.55 billion yuan [1][3] - The capital raised includes investments from Jiangsu Yueda Automobile Group (1.71 billion yuan), Agricultural Bank of China’s investment platform (1 billion yuan), China Telecom (500 million yuan), and Nanjing Horizon Information Technology (100 million yuan), along with a capital increase of 5.24 billion yuan from the controlling shareholder, China FAW Group [1][3] Group 2 - FAW Bestune's official statement indicates that this capital increase is a key measure for integrating capital and ecological resources, supporting further expansion in the new energy system [3] - The company aims to bind upstream and downstream partners through equity cooperation and strategic collaborations [3] - In terms of technology development, FAW Bestune has established the "Yueyi" series, which includes platforms, powertrains, cabins, and intelligent driving assistance systems [3] Group 3 - In terms of sales performance, FAW Group reported that Bestune brand vehicle sales reached 15,900 units in August, with new energy product sales at 14,500 units [3] - For the first half of the year, total vehicle sales were 87,500 units, while new energy product sales amounted to 72,600 units [3]

Group 1 - Jiang Hairong, former CMO of Honor in China, has officially joined Changan Automobile as the CEO of its sub-brand Deep Blue Automotive [2] - Jiang has over 20 years of experience in the consumer electronics industry, having joined Huawei in 2005 and held various key positions within the Honor brand [2] - Deep Blue Automotive is an important new energy brand under Changan, which has made significant technological advancements, including the Deep Blue Super Range Extender technology and a smart driving system co-developed with Huawei [2] Group 2 - Jiang's leadership is seen as crucial for Deep Blue Automotive at this stage of development, given his successful marketing strategies for multiple products during his tenure at Honor [2] - The personnel change comes shortly after Changan Automobile's parent company, China Changan Automobile Group, was upgraded to a first-level central enterprise directly managed by the State-owned Assets Supervision and Administration Commission [2] - Changan is currently undergoing a significant restructuring of its executive leadership across various vehicle brands [2]

Core Viewpoint - Dongfeng Motor Group Co., Ltd. is implementing a strategic maneuver to address valuation issues by privatizing its shares while simultaneously introducing its subsidiary, Lantu Automotive, to the Hong Kong stock market through a listing by introduction [1][2]. Group 1: Capital Structure Optimization - The transaction structure involves a combination of "equity distribution + absorption merger," where Dongfeng Group distributes 79.67% of its shares in Lantu to all shareholders before Lantu's listing in Hong Kong [2]. - The overall acquisition price for Lantu is set at HKD 10.85 per share, comprising a cash payment of HKD 6.68 and an equity payment of HKD 4.17 [2]. - The privatization aims to resolve the long-standing issue of valuation discrepancies faced by Dongfeng Group, which has seen its market capitalization stagnate at HKD 39.12 billion with a price-to-book ratio of only 0.25 [4]. Group 2: Lantu Automotive's Growth Potential - Lantu Automotive has shown significant growth, with vehicle deliveries reaching 85,697 units in 2024, a year-on-year increase of approximately 70% [4]. - The company has achieved a monthly sales volume exceeding 10,000 units for five consecutive months since 2025, with July deliveries surpassing 12,000 units [4]. - Lantu's strong performance is expected to enhance Dongfeng Group's valuation post-listing, shifting the valuation logic away from its previous low estimates [4][10]. Group 3: Strategic Development Opportunities - Lantu Automotive is positioned to leverage independent listing to access direct financing, with R&D investment projected to reach 8% of revenue, totaling HKD 8.6 billion in 2024 [8]. - The company plans to establish 200 supercharging stations by the end of 2025 and aims to enhance its technological capabilities significantly [8]. - Lantu's global strategy is accelerating, with a 205% year-on-year increase in overseas orders in Q1 2025 and plans to enter 60 countries by 2030 [8]. Group 4: Governance and Management Transformation - The independent listing will allow Lantu to have a more autonomous board and governance structure, enabling quicker decision-making in product development and market strategies [9]. - The implementation of a stock incentive plan is expected to attract and retain high-end talent, fostering a more market-oriented operational approach [9]. - The transition from a centrally managed enterprise to a market-responsive technology company is anticipated to enhance Lantu's operational efficiency and responsiveness to user demands [9].

Core Viewpoint - Lantu Automotive is set to go public on the Hong Kong Stock Exchange, marking a significant milestone in its capitalization and positioning in the competitive high-end new energy vehicle market [1] Group 1: Market Positioning and Strategy - Lantu Automotive's strategy of "three categories in three years, five models in five years" has shown significant results, with a projected delivery of 85,697 new energy vehicles in 2024, representing a year-on-year growth of approximately 70% [1] - The company has achieved over 20,000 cumulative production units, establishing itself as a leading high-end new energy brand backed by a state-owned enterprise [1][3] Group 2: Product Development and Sales - Lantu has developed a comprehensive product matrix covering SUVs, MPVs, and sedans, with models like Lantu FREE+, Lantu Dreamer, Lantu Zhaiguang, and Lantu Zhiyin [3] - The Lantu FREE+ model received 11,583 pre-orders within 15 minutes of its launch, indicating strong market demand [5] - The Lantu Dreamer has consistently ranked as the second best-selling new energy MPV since 2023, often leading in monthly sales [3] Group 3: Technological Advancements - Lantu emphasizes self-research and development, establishing a complete innovation system covering core areas such as platform architecture and intelligent driving [8] - The company has introduced the world's first intelligent super hybrid 800V technology, achieving significant breakthroughs in electric vehicle range and charging efficiency [10] - Lantu's collaboration with Huawei has led to the development of the all-new Lantu Zhiyin, enhancing the integration of smart technology in their vehicles [13] Group 4: User Engagement and Brand Development - Lantu Automotive focuses on a user-centered approach, fostering a co-creation ecosystem with customers through initiatives like "User Night" events [14] - The company has broken away from traditional engineering-led models, allowing users to participate in product definition and design, which has led to successful product iterations [16] - The upcoming listing on the Hong Kong Stock Exchange is expected to provide Lantu with stronger support for research, overseas expansion, and brand enhancement, facilitating its transition from a domestic leader to a global player [16]

Core Viewpoint - The partnership between Huawei and Chery has evolved into an independent operation for the Zhijie brand, with significant investments and a dedicated R&D team aimed at enhancing technological leadership [1][4]. Group 1: Independent Operation and Investment - Zhijie has officially achieved independent operation with a focus on integrated production, sales, and service, supported by over 10 billion yuan in investment and a 5,000-person R&D team [1]. - The establishment of Anhui Zhijie New Energy Automobile Co., Ltd. as a wholly-owned subsidiary of Chery marks a strategic move towards potential IPO plans for Chery, indicating a possible separation of the Zhijie brand from the main company [4]. Group 2: Sales Performance and Challenges - From January to July this year, Zhijie brand's cumulative sales reached 49,000 units, reflecting a year-on-year growth of 164.7%, but the brand heavily relies on the Zhijie R7, which accounted for approximately 90% of total sales [2]. - The Zhijie S7 has faced significant sales declines, with only 730 units sold in July, a drop of 52.6% year-on-year, highlighting operational challenges and internal conflicts between Huawei and Chery [2]. Group 3: Internal Dynamics and Brand Positioning - Internal conflicts between Huawei and Chery have hindered the Zhijie brand's development, with issues related to brand recognition and competition with the AITO brand [3]. - The management approach has shifted to prioritize Huawei's technological leadership while Chery focuses on manufacturing, aiming to resolve previous operational inefficiencies [4][6]. Group 4: Future Prospects and Strategic Goals - The independent operation is expected to enhance Zhijie's production capacity, with 40% of the Wuhu factory's capacity allocated to Zhijie, aiming to resolve delivery delays [5]. - Future product innovations and market expansion are planned, including the launch of new models like the Zhijie R9 and MPV, as well as the implementation of advanced technologies such as ADS 4.0 [5][6].

Core Insights - The Chinese automotive industry has shown robust growth in the first half of the year, with both production and sales exceeding 15 million units for the first time, reflecting a double-digit year-on-year increase [1][4] - The new energy vehicle (NEV) sector has experienced significant acceleration, with NEV sales accounting for 44.3% of total new car sales [2][4] Production and Sales Data - In the first half of the year, China's automotive production reached 15.62 million units, while sales totaled 15.65 million units, marking year-on-year increases of 12.5% and 11.4% respectively [4] - NEV production and sales were 6.968 million and 6.937 million units, with year-on-year growth rates of 41.4% and 40.3% respectively [4] Export Performance - Automotive exports continued to grow, with 3.083 million units exported from January to June, representing a year-on-year increase of 10.4% [5] - NEV exports surged to 1.06 million units, showing a remarkable year-on-year growth of 75.2% [5] Technological Advancements - Significant breakthroughs in technology have been achieved, including BYD's release of the Super e-platform, which boasts the fastest mass production charging speed globally [8] - The launch of BYD's "Shenzhen" ship, one of the world's largest and most environmentally friendly car carriers, facilitated the transport of over 6,800 NEVs to Europe [8] Regional Development - Anhui province has emerged as a leader in automotive and NEV production, with innovative "smart manufacturing" models enhancing efficiency [11] - The province's automotive industry benefits from high levels of automation, with 941 automated assembly units achieving 100% automation [12] Strategic Focus - Chinese automotive companies are encouraged to enhance their "hard power" in technological innovation while also focusing on differentiated product offerings to remain competitive [15]