据智通财经8月25日报道，华为常务董事、终端BG董事长余承东表示，截至8月25日，鸿蒙智行累计交 付超90万辆，预计今年10月交付破百万辆。 公司方面，据上市公司互动平台表示， 上汽集团：与华为合作尚界品牌。 北汽蓝谷：与华为合作享界。 *免责声明：文章内容仅供参考，不构成投资建议 *风险提示：股市有风险，入市需谨慎 据行业媒体车东西的统计，在8月下旬至9月底期间，鸿蒙智行将携手四大车企推出六款新车，准备以密 集的产品发布冲击整个汽车圈，其中包括：问界M8纯电版预计在8月下旬正式上市，而尚界H5、以及 新款的问界M7都将在9月揭开面纱。至于新一代的智界R7和智界S7、享界S9T等预售已开启。 东方证券表示，当前市场对下半年整车行业的销量预期存在一定分歧，由于去年4季度行业销量基数较 高，加之汽车行业反内卷推进，部分投资者认为今年下半年行业及车企存在销量增速放缓的可能；但下 半年多款鸿蒙智行重磅新车将上市，且预计鸿蒙智行车型受反内卷影响较小，预计鸿蒙智行相关整车企 业下半年的销量增速将会好于行业平均增速。 同时兴业证券指出，尚界作为鸿蒙智行的"第五界"，产品价格下沉至15-25万元的主流市场，首款车型 尚界H5 ...

Group 1: Automotive Sector - The recent issuance of the third batch of "old-for-new" national subsidies is expected to improve consumer sentiment in the passenger vehicle sector [1][2] - From 2026 to 2027, the exemption of purchase tax for new energy vehicles will be adjusted from a full exemption of 30,000 yuan to a half exemption of 15,000 yuan, indicating a reduction in tax incentives [1][2] - The adjustment in purchase tax is anticipated to lead to an upward beta, benefiting brands in the 300,000 yuan price range as the product cycle shifts from weak to strong [1][2] - The L2 autonomous driving national standard is expected to be implemented soon, further strengthening industry trends amid concentrated catalysts [1][2] - The recovery of domestic demand in commercial vehicles and the rising export sentiment outside of Russia have led to strong performance from leading companies in the first half of the year, making them attractive to defensive funds due to their stable low valuation [1][2] Group 2: Intelligent Driving Sector - The L4 autonomous driving industry is approaching a turning point in terms of costs and technology, with ongoing evolution in technology iterations, industry structure, and new business models [2] - The upcoming release of the L2 strong standard consultation draft signifies national endorsement, making intelligence a quantifiable brand strength [2] - Focus is recommended on the intelligent testing segment and the L3-L4 autonomous driving operation sector [2] Group 3: Robotics Sector - The robotics sector has shown significant strength since mid-July, although recent weeks have seen some volatility and differentiation among individual stocks [3] - The sector remains in a strong event-driven and industry trend reinforcement phase, with high market attention due to events like the WAIC conference and the upcoming WRC [3] - Quality stocks with alpha potential, particularly those entering the Tesla supply chain or representing technological iteration directions, are recommended for fund allocation [3] Group 4: Bus and Heavy Truck Sector - The Q2 performance surge in the bus and heavy truck sectors is primarily driven by increased exports of heavy trucks and large/mid-sized buses [3] - With domestic subsidies accelerating since May, the fundamentals of these two core sectors remain strong, and growth rates are expected to rise further in Q3 due to a low base [3] - Core stocks in these sectors are currently in an important allocation window [3]

Reform Initiatives - The Chinese government is implementing reforms in various sectors, including the establishment of a modern enterprise system tailored to national conditions, with a goal to have suitable enterprises in place within approximately five years [1] - A significant reduction in credit service fees is expected to save users around 1.1 billion annually, with new fee standards set to take effect by July 2025 [3][21] - The government aims to enhance the salary distribution incentives for skilled personnel in state-owned enterprises, ensuring that their compensation aligns with management positions [23] Open Policy Measures - China has completed the upgrade negotiations for the ASEAN-China Free Trade Area 3.0 and is looking to finalize a free trade agreement with the Gulf Cooperation Council [2] - The government is encouraging foreign investment in sectors such as biomedicine and high-end manufacturing, particularly within national economic and technological development zones [2][17] Consumption and Economic Adjustment - The government plans to increase counter-cyclical adjustments and direct more policy resources towards the consumption sector to unleash significant demand potential [3][12] Industrial Development - The Ministry of Industry and Information Technology has set a target for the digital transformation of the electronic information manufacturing industry, aiming for over 85% of key processes to be numerically controlled by 2027 [4][18] - The government is focusing on maintaining fair competition in the automotive industry and addressing issues of excessive competition [4][22] Foreign Trade and Investment - Ongoing negotiations with the U.S. regarding semiconductor export controls highlight the complexities in U.S.-China trade relations [5][20] - The government is committed to maintaining dialogue with the EU amid trade disputes, particularly as this year marks the 50th anniversary of diplomatic relations [5][20] Environmental and Resource Management - By 2027, China aims to establish a comprehensive market-based system for carbon emissions and water rights, enhancing the trading mechanisms for these resources [19]