A 2 at Read 11 All Property of promotion al program a aller 76 43 17 r price 1 25 the first 116 3 Party of 0 4 4 14 195000000 and and 1998 1999 20 - 201 r -1 2012 4, 2 为了维持欧洲本土汽车品牌的市场份额、限制中国进口电动汽车，欧盟出台了高额反补贴税政策，结果却是"竹篮打水一场空"。 2024年10月底，欧盟对中国产纯电动汽车祭出最高35.3%的反补贴税，叠加原有的10%基础税率，形成最高达45.3%的惩罚性关税壁垒，为期5年。彼 时，这被业内视为对中国电动汽车出海的"沉重打击"。一些欧洲汽车行业组织曾预测，中国车企在欧洲的销量将会大跌。《欧洲汽车新闻》甚至断言，"价 格敏感型的中国汽车将被迫退出欧洲主流市场"。 然而，一年后的市场数据却呈现出戏剧性的反转：根据市场分析机构Dataforce的数据，今年1~10月，中国车企在欧洲销量同比激增93%，预计2025年全 年销量将突破70万辆；今年10月，中国车企在欧洲的市场份额同比翻倍，攀升至约7%。 ...

在华发展方面，采埃孚自20世纪80年代开启布局，至今已经构建近50家生产基地与5家研发中心的 完整体系，实现"中国销售→中国制造→中国研发→中国引领"的跨越。 截至目前，采埃孚在全球布局161个生产基地，不仅服务于大众、宝马等跨国整车企业，还与几乎 每家本土的老牌企业，以及像蔚来、理想、小鹏、小米、零跑等新势力车企建立了深度合作。百年 品牌的技术积淀与全球资源整合能力，共同构筑起其不可替代的行业壁垒。 近日，《财富》中国新媒体执行主编谢菁炜对话采埃孚集团执行副总裁、中国区总裁及亚太区运营 总裁汪润怡。采访中，汪润怡表示，采埃孚在亚太市场的增长，并非偶然的"风口红利"，而是源于 对市场需求的精准洞察与敏捷响应。 当前，中国汽车市场正在从"规模红利"向"创新红利"转型，而采埃孚无疑正在以"中国加速度"书写 着百年巨头的新传奇，推动"行业巨轮"在变革中稳健前行。 以下为对话实录， 为简洁表述经过编辑。 《财富》：当前全球汽车行业正处于重大变革阶段，众多零部件企业面临较大经营压力，但采埃孚 亚太区却实现了逆势增长。请问采埃孚是如何达成这一成果的？又采取了哪些关键战略调整来支撑 这样的增长？ 自1915年以航空齿轮技术 ...

Core Insights - During the Guangzhou Auto Show, BYD showcased 93 new car models, with a total of 1,085 vehicles on display, including 629 new energy vehicles [1] - BYD's "Tian Shen Zhi Yan" intelligent driving assistance system is central to its "Universal Intelligent Driving" strategy, which aims to cover high-end to mainstream markets with three versions of the system [1] - BYD's penetration rate for intelligent driving models has reached 71%, and the company announced OTA upgrades for its Han L and Tang L models, enhancing their smart driving capabilities [1] Company Strategy - BYD demonstrates strategic flexibility in the smart technology sector, utilizing self-developed systems to create technological barriers while also engaging in open collaborations to expand its ecosystem [2] - The company has established a "dual-track" strategy, ensuring core technology remains under its control while avoiding the risks associated with insular development, as seen in the case of the Fangcheng Leopard 8 equipped with Huawei's ADS [2] - BYD's "technology iron triangle" consists of blade batteries, DM technology, and the Tian Shen Zhi Yan system, positioning the company with a comprehensive advantage across the energy and smart technology sectors [2] Industry Trends - The Chinese automotive industry has transitioned from a phase of "scale expansion" to a high-quality development stage driven by "electrification and intelligentization" [2] - Increasing numbers of Chinese automotive brands are leveraging innovative technologies and optimizing ecosystems to enhance industry quality and efficiency [2]

Core Viewpoint - Deepway is positioned as a leading player in the global new energy heavy truck market, with significant growth in revenue and delivery volumes, backed by strong capital support and strategic partnerships [2][3][18]. Company Overview - Deepway was founded in 2020 and is recognized as one of the earliest new forces in the heavy truck sector in China [5]. - The company has achieved rapid revenue growth, with projected revenues nearing 2 billion yuan in 2024 and over 1.5 billion yuan in the first half of 2025 [18]. - Deepway has delivered approximately 6,400 new energy heavy trucks to date, with a strong market presence [18]. Business Model and Strategy - The company employs a "two-phase" development strategy focusing on product market penetration and operational efficiency through smart technology [11][16]. - Deepway's first product, the "Deepway Star," was launched in 2021, and the company has seen significant delivery growth since then [11]. - The company has developed a fully self-researched electric drive system, which has led to a cost reduction of 18.7% compared to traditional fuel trucks [15][12]. Market Position and Performance - According to a report, Deepway ranks first in the global market for new energy heavy trucks defined by positive design, with a market share of 2.7% [16]. - The company is expected to continue its growth trajectory, with a focus on expanding its international presence and enhancing its smart technology offerings [24][25]. Financial Performance - Deepway's revenue structure is heavily reliant on new energy heavy truck sales, accounting for over 99% of total revenue [18]. - The company has recorded losses during its strategic investment phase, with significant investments in technology development and production capacity expansion [20][31]. - The company has raised a total of 1.96 billion yuan through multiple funding rounds, with notable investors including Baidu and various venture capital firms [31][34]. Industry Outlook - The new energy heavy truck sector is experiencing rapid growth, with global sales projected to reach 70.3 million units by 2030, and the market size expected to exceed 806 billion USD [23]. - China is leading the global transition to new energy heavy trucks, with a projected market penetration rate of 53.5% by 2030 [23]. - Deepway's strategy includes expanding into international markets, with initial exports already taking place in regions such as the Middle East and Southeast Asia [24].

Core Viewpoint - The company reported strong financial performance in Q3 2025, with a revenue increase of 20.91% year-on-year and a net profit growth of 31.26% year-on-year, indicating a positive trend in its operations [1] Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 435 million yuan, reflecting a year-on-year growth of 20.91% [1] - The net profit for the same period reached 160 million yuan, marking a year-on-year increase of 31.26% [1] Acquisition and Expansion - The company announced the acquisition of 100% equity in the Extreme Testing Center from the China Automotive Research Center for 111 million yuan, which has been completed and is now a wholly-owned subsidiary [1] - The company plans to raise up to 1.039 billion yuan through convertible bonds to fund the construction of an all-season ice and snow testing base for intelligent connected new energy vehicles in Hulunbuir, Inner Mongolia [1] Industry Context - The automotive industry is undergoing a transformation from "mechanization" to "electrification + intelligence," with performance validation in cold and snowy environments becoming crucial for product safety and reliability [2] - There is a growing focus on testing standards and methods for new energy vehicles in extreme environments, highlighting the need for improved testing technology and standard systems [2] - The Extreme Testing Center, leveraging national platforms, aims to enhance the vehicle evaluation system for cold environments, which is essential for the development of new energy vehicles [2]

Group 1 - The 2025 Global Agent Conference, themed "Together, Strength, Future," was held in Hefei, Anhui, with nearly 500 overseas agents from over 100 countries attending to discuss cooperation and development plans [1][2] - Anhui Heli Co., Ltd. expects its revenue to exceed 20 billion yuan this year, doubling since the first agent conference, with overseas revenue projected to surpass 8 billion yuan, nearly five times the amount from the first conference [1] - The company has established a global agent network of over 400, covering more than 180 countries and regions, and holds the top market share in 34 overseas markets [2] Group 2 - Anhui Heli aims to leverage the conference as a new starting point to expand cooperation with global agents, promoting more Anhui products internationally while attracting advanced technology and capital to the region [2] - The company has built eight overseas centers and established its first overseas R&D center and manufacturing base, creating an integrated operational model of "global R&D + local manufacturing + regional services" [2] - Moving forward, Anhui Heli will focus on innovation-driven strategies, advancing its "electrification + intelligence" dual strategy, accelerating green transformation, and developing an ESG strategy to foster a win-win development community with global partners [2]

Core Viewpoint - BMW Group has showcased its first mass-produced new generation model, the BMW iX3, designed specifically for the Chinese market, emphasizing its unique attributes of intelligence, driving control, and luxury tailored for Chinese customers [1] Group 1: Product Features - The BMW iX3 aims to redefine the perception of electric vehicles by providing a smooth acceleration experience and seamless braking, integrating "electrification + intelligence" for a more enjoyable driving experience [1] - The vehicle features a highly integrated chassis, powertrain, and body control algorithms that can sense driver intentions within 1 millisecond, enhancing responsiveness and control [2] - The iX3 maintains a 50:50 weight distribution and a new chassis structure, allowing for precise body control and automatic power distribution based on tire friction, ensuring stability during high-speed maneuvers [3] Group 2: Performance Testing - The iX3 has successfully completed extreme cold weather testing in China, operating reliably at temperatures as low as -45°C, demonstrating its robustness in harsh conditions [4] - The vehicle's hydraulic rebound damping technology and dynamic stability control systems are coordinated by the central control unit, enhancing tire grip and overall safety during complex driving scenarios [4]

Core Viewpoint - DeepWay focuses on "electrification + intelligence" as its core strategy, launching two new models, the Starry Generation II and the Starry Path, to drive innovation in the electric heavy truck sector [2][3]. Product Development - Both new models are equipped with self-developed three-electric systems and standard L2 level combined auxiliary driving systems, catering to various transportation needs [3]. - The Starry Generation II features significant upgrades, including enhanced cooling capabilities and a 900V high-voltage platform, reducing charging time from 20% to 80% to just 30 minutes [3][4]. - The Starry Path is designed for short-distance transport, particularly in challenging environments, making it suitable for bulk, port, and construction transport scenarios [3][4]. Technological Innovation - The three-electric system accounts for over 60% of the total vehicle cost, impacting efficiency and weight reduction, and is crucial for the company's technological independence [4]. - DeepWay aims to be a technology-driven enterprise rather than a simple assembler, focusing on R&D to lower costs and enhance adaptability to diverse transport conditions [4]. Safety and Efficiency - The L2 level auxiliary driving system has reportedly reduced accident rates by 78% and driver fatigue by 30-60%, leading to an annual profit increase of 19,000 yuan per vehicle [4]. - The system has achieved over 1.6 million kilometers of accident-free driving, significantly improving safety compared to industry averages [4]. Smart Logistics Solutions - DeepWay is set to deliver an L4 level intelligent convoy transport system, addressing challenges in bulk transport scenarios [5]. - The company is developing an L4 level single-vehicle transport system, enhancing operational efficiency and reducing labor costs [5]. Financial Performance - DeepWay has secured 2,273 orders for its new energy heavy trucks, with 870 orders from its international business segment [6]. - The company has received strategic support from 10 banks, with a total credit line of 4.9 billion yuan, ensuring financial stability for innovation and market expansion [6].