中证报中证网讯(记者孟培嘉)亚普股份（603013）在近日披露的投资者关系活动记录表中表示，公司的 混动汽车高压燃油系统在插电式(含增程式)混合动力车上已得到商业化推广和应用。 据介绍，由于混合动力车具有电驱动、油驱动及油电混合驱动等多种工况，燃油的存储、供给和蒸汽管 理相比传统燃油车更为复杂。插混车型和增程车型要求燃油箱承受高压，燃油箱产品需要提高刚度并具 备燃油蒸汽控制功能，因此结构、工艺等都更加复杂，单件价值也高于传统燃油系统。 "得益于混动汽车市场的蓬勃发展，公司获得的新能源混动燃油系统订单大幅超过传统燃油系统订 单。"亚普股份相关负责人表示，公司通过对产品设计方案的优化、关键零部件的自研和生产过程的持 续改进，实现了混动高压燃油系统的降本增效，产品市场竞争力进一步提升。 ...

Core Insights - Dongfeng Motor Corporation's "Key Technologies for Energy Saving and Emission Reduction in Complete Vehicles" project has been recognized as "internationally advanced" by a panel of eight experts at a recent technical appraisal meeting in Wuhan [1][3]. Group 1: Engine Technology - The M9T hybrid engine, with a displacement of 2.3 liters, has improved its effective thermal efficiency from 41.3% to 46.2%, addressing a core challenge in the new diesel engine technology iteration [3]. - The M9T engine is designed to reduce fuel consumption by 20%-30% per 100 kilometers when integrated into vehicles [4]. Group 2: Transmission Efficiency - The planetary gear coupling assembly, developed independently by Dongfeng, achieves a transmission efficiency of 91.22%, significantly reducing transmission losses and placing it at an internationally advanced level [4]. - The integration of this assembly is expected to lower fuel consumption by 2% per 100 kilometers and enhance vehicle range by 1% [4]. Group 3: Vehicle Control Innovations - The 4.5T hybrid light truck features innovative fuel consumption simulation and real vehicle energy flow testing, achieving a fuel consumption rate as low as 6.8L/100km under CHTC-LT conditions [4]. - This development provides an efficient solution for the integration of hybrid systems in the light commercial vehicle sector [4]. Group 4: Production and Future Plans - The first hybrid light truck equipped with the M9T engine and planetary gear coupling assembly has successfully rolled off the production line at Dongfeng's Xiangyang factory, with plans to achieve mass production of 500 units by the end of 2025 [7]. - Dongfeng aims to enhance its R&D investment to support energy-saving and carbon reduction initiatives, contributing to the green transformation of the industry [7].

Core Insights - Lynk & Co has launched two new hybrid models, the Lynk 07EM-P and Lynk 08EM-P, targeting the high-end new energy hybrid market priced between 139,800 to 212,800 CNY [1][2] Group 1: Product Launch and Features - The Lynk 07EM-P is available in three variants, priced from 139,800 to 159,800 CNY, while the Lynk 08EM-P offers four variants, priced from 159,800 to 212,800 CNY [1] - The Lynk 08EM-P series has gained nearly 150,000 users over the past two years, attributed to its design, driving experience, and safety features [1] - Both models feature significant upgrades in smart cockpit, assisted driving, and comprehensive safety, with a focus on the 100,000 to 200,000 CNY high-end new energy hybrid market [1] Group 2: Technology and Performance - The new models are equipped with laser radar as standard across the range and utilize the NVIDIA Thor-U chip, boasting a computing power of 700 TOPS [1] - The vehicles leverage Geely's Starry Smart Computing Center 2.0, achieving a total computing power of 23.5 EFLOPS, enhancing the safety of assisted driving throughout the product lifecycle [1] - The Lynk 07EM-P features a 1.5T Evo engine with a thermal efficiency of 47.26% and a CLTC fuel consumption of only 3.72 L/100km [2] - The Lynk 08EM-P also utilizes the 1.5T Evo engine with the same industry-leading thermal efficiency and is equipped with Geely's self-developed 28.3 kWh/38.2 kWh battery, incorporating direct cooling technology and seven-dimensional thermal spread prevention technology [2] Group 3: Advanced Driving Assistance - The Lynk 08EM-P implements the Qianli Haohuan H7 assisted driving solution, supporting 38 functions including intelligent following, lane-level traffic light recognition, and urban pedestrian avoidance [2] - Future upgrades to the assisted driving capabilities will enable the system to actively sense dynamic and static obstacles on the road, supporting features like parking assistance and one-click "four lifting rods" [2]

Core Insights - Chery has launched the new Fengyun A9L model, marking a significant addition to its new energy vehicle lineup, with prices ranging from 139,900 to 197,900 yuan [1][3] Product Features - The Fengyun A9L targets the mid-to-high-end business vehicle market, emphasizing comfort and safety, with a spacious interior that offers C-class dimensions and D-class seating space [3] - The vehicle features advanced electric hybrid technology, with a maximum power of 470 kW and torque of 854 Nm, achieving 0-100 km/h acceleration in under 4 seconds [3] - The A9L boasts a pure electric range of 260 km and a total range exceeding 2,500 km, with rapid charging capabilities that allow charging from 30% to 80% in just 14.5 minutes [3] Intelligent Features - The Fengyun A9L is equipped with the Falcon Intelligent Driving Assistance System, which includes features like "trace back" in dead ends and automatic emergency braking at speeds up to 130 km/h [4] Company Performance - Chery reported a total sales volume of 1.26 million vehicles in the first half of the year, a year-on-year increase of 14.5%, with new energy vehicle sales reaching 359,000 units, up 98.6% [4] - The company also exported 550,000 vehicles in the same period, marking a 3.3% increase and maintaining its position as the top Chinese carmaker in exports [4]

Core Points - Chery South Africa successfully held the Super Hybrid Series launch event in Johannesburg, attended by approximately 300 guests including government officials and media representatives [1][3] - The CEO of Chery South Africa, Liu Yun, highlighted that the CSH technology addresses consumer pain points in the context of insufficient power infrastructure in South Africa, offering high-efficiency and high-performance electric mobility solutions [3][4] - The CSH technology achieves a perfect balance between power and efficiency, providing a comprehensive mobility solution that reduces ownership costs and is suitable for daily commuting and weekend travel without the hassle of finding charging stations [4] Company Strategy - Chery aims to deepen its presence in the South African market, collaborating with UNICEF and IUCN to promote quality education for children and support environmental protection, showcasing a responsible image of Chinese automotive companies abroad [4] - Since entering the local market in 2021, Chery South Africa has become one of the top five best-selling passenger car brands in the country, with over 60,000 cumulative users [4] - The launch of the new CSH series marks a significant step in Chery's electrification strategy, with the series set to be available at dealerships across South Africa starting June 23, 2025 [4]