蒋焘表示，目前国家治理新能源汽车产业开始显效，比如承诺对供应商支付账期不超过60天，岚图此前 一直是如此操作。 他认为，汽车主机厂不可能开发所有产业相关技术，很多技术依赖于供应链企业。如果因为延长付款账 期等使得供应链企业处于亏本状态，它们就没有资金投入到新产品新技术研发，就使整个行业难以高质 量发展。因此需要让供应链企业保持合理利润率，有比较稳定现金流，让它们有部分资金投入产品研发 迭代。 蒋焘表示，我们希望与供应商成为合作伙伴，它的研发就是我们研发的一部分，它的制造就是我们制造 一部分，我们与供应商以平等的关系协同发展，一起成长。这样做不仅能降低企业成本，而且能够适应 行业相关产品快速迭代的需求。 近年来，汽车行业的"内卷"多次登上"热搜"。8月25日，岚图汽车COO蒋焘在武汉接受第一财经采访时 坦言，当前新能源汽车行业"内卷式"竞争让企业非常难受。 "新能源汽车行业内卷不完全是低价竞争，更体现在整个行业利润率很低，在5%左右。我们企业情况好 点，但也难。一旦新能源车企经营决策稍微失误一点，都会给企业带来巨大风险。"蒋焘说。 针对这一现状，国务院已经出招。 7月中旬召开国务院常务会议，会议听取规范新能源汽 ...

Core Insights - The current competition in the electric vehicle (EV) industry is characterized by "involution," leading to low profit margins around 5% [1] - The Chinese government is taking measures to regulate the EV industry and promote high-quality development, addressing irrational competition [1] - Collaboration with suppliers is essential for maintaining a stable cash flow and enabling investment in new product development [2] Industry Overview - The EV industry is facing intense competition, which is not solely based on price but also on low profitability [1] - The State Council has initiated actions to improve the competitive order in the EV sector, including monitoring costs and prices [1] - The government aims to ensure that key manufacturers adhere to payment commitments to suppliers, with a maximum payment period of 60 days [1] Company Performance - Lantu Automotive reported a cumulative sales figure of 68,263 vehicles from January to July 2025, representing an 88% year-on-year increase [2] - The company anticipates sales exceeding 12,000 vehicles in August 2025, driven by government incentives such as vehicle replacement subsidies [2] - Lantu emphasizes the importance of partnerships with suppliers to enhance cost efficiency and adapt to rapid product iterations in the industry [2]

Group 1 - The company has raised a total of 250 million and distributed dividends amounting to 440 million [1] - The recent competition in the new energy vehicle industry has drawn significant attention, while the traditional fuel vehicle sector has a relatively better competitive landscape due to fewer new entrants [4] - The company primarily focuses on engine applications, yet it has achieved steady revenue growth and impressive profitability, with a gross margin exceeding 50% and a net margin over 30% [4]

Group 1: US-China Trade Negotiations - The US and China have reached a preliminary framework for trade negotiations, indicating a mutual desire for a stable foreign trade environment to support domestic economic growth [1][2] - The US is considering lifting recent restrictions on various sectors, contingent on China easing its export restrictions on rare earths [1] - Both countries have demonstrated that a cooperative relationship benefits them, while conflict leads to mutual harm [1] Group 2: Gaming Industry Support - Zhejiang province has introduced measures to support the international expansion of the gaming industry, focusing on nurturing market players and promoting high-quality 3A game projects [3] - Local governments are increasingly implementing policies to enhance the global influence of gaming brands, reflecting a growing emphasis on the international market [3] - The success of games like "Black Myth: Wukong" has prompted a stronger focus on developing high-quality games for global audiences [3] Group 3: Automotive Industry Payment Terms - Multiple automotive companies, including BYD and Xiaomi, have committed to keeping payment terms within 60 days in response to new regulations aimed at improving the payment environment for small and medium enterprises [5][6] - The new regulation is designed to address the issue of delayed payments, which has been a common practice in the industry [5] - The effectiveness of this regulation remains to be seen, especially in a competitive market where price wars are prevalent [6] Group 4: Smartphone Market Trends - A UBS survey indicates that the expected replacement cycle for smartphones has extended to 2.6 years, reflecting a mature market with limited hardware innovations [7][8] - Consumer intent to purchase new smartphones has decreased, particularly in the US, where interest dropped significantly [7] - The lack of compelling new features has led consumers to retain their devices longer, impacting sales for manufacturers [7][8] Group 5: Cloud Services Market - ByteDance's Volcano Engine has captured 46.4% of the Chinese public cloud large model service market, surpassing competitors like Baidu and Alibaba [9][10] - The company has adopted aggressive pricing strategies to attract clients from established cloud service providers [9] - The demand for AI large models has leveled the playing field among cloud service providers, allowing newer entrants to compete effectively [10] Group 6: Tencent Music Acquisition - Tencent Music has announced a $1.26 billion cash acquisition of Ximalaya, aiming to expand its presence in the long audio content market [11][12] - This acquisition is seen as a strategic move to enhance user experience and creator revenue amid increasing competition in the audio content space [11] - The integration of resources from both companies is expected to strengthen their market position, although user base differences may pose challenges [12] Group 7: Tesla's Autonomous Driving Developments - Tesla plans to deliver its first fully autonomous vehicle in Texas, marking a significant step in its self-driving technology rollout [13][14] - The vehicle will utilize Tesla's Full Self-Driving software, although it currently operates at Level 2 autonomy [13] - Safety remains a critical concern as the company navigates the challenges of achieving full autonomy [14]