北京商报讯（记者 刘晓梦）9月17日，吉利银河M9正式上市，共推出6款配置车型，叠加限时超级置换 金1万元权益后，上市限时指导价为17.38万—23.88万元。 此外，吉利银河M9搭载千里浩瀚辅助驾驶H5方案，星睿智算中心2.0，配合11颗高清摄像头、3颗毫米 波雷达、1颗激光雷达、12颗超声波雷达的硬件，实现车位到车位的城市无图NOA。 据了解，吉利银河M9车长宽高分别为5205毫米×1999毫米×1800毫米，轴距超3米，储物空间达359升。 同时，吉利银河M9搭载新一代雷神EM-P AI电混系统，配备分布式三电机，实现4.5秒的零百加速。同 时，吉利银河M9电混专用发动机，热效率达到47.26%。在续航里程上，吉利银河M9的CLTC综合续航 超1500公里。 ...

Investment Rating - The industry rating is "Outperform the Market" [7] Core Viewpoints - Multiple automotive companies have committed to a "60-day payment term" to enhance the efficiency of capital turnover in the supply chain and promote high-quality development in the automotive industry [2][3][12] - The supply chain payment term issue has been a persistent challenge for the Chinese automotive industry, with automakers extending payment terms to pressure suppliers, which distorts normal business relationships and affects fair competition [3][13] - Shortening payment terms will impact automakers' cash flow and limit their ability to engage in price wars, which have already compressed profit margins [3][13] Market Performance - From June 9 to June 13, the automotive sector declined by 0.8%, underperforming the CSI 300 index, which fell by 0.3%, resulting in a 0.5 percentage point lag [4][14] - Year-to-date, the automotive sector has increased by 7.8%, ranking 6th among 31 sectors [4][14] - Within sub-sectors, commercial trucks and motorcycles saw increases of 10.7% and 2%, respectively, while passenger vehicles and auto parts declined by 2% and 1.6% [21] Key Industry Data - Retail sales of passenger vehicles from June 1 to June 8 reached 343,000 units, a year-on-year increase of 19%, but a month-on-month decrease of 12% [5][31] - New energy passenger vehicle retail sales were 202,000 units, up 40% year-on-year and 4% month-on-month [5][36] - In May, total automotive sales were 2.686 million units, with a year-on-year growth of 11.2% [39] Valuation Metrics - The overall PE-TTM for the automotive industry is 25.81 times, with a historical percentile of 60.48% [23][27] - The overall PB for the automotive industry is 2.42 times, with a historical percentile of 67.87% [23][27] Industry News - Xiaopeng G7 was officially launched with a pre-sale price of 235,800 yuan, featuring advanced AI capabilities [69] - GAC's first mass-produced flying car, AirCab, has begun pre-orders with a price not exceeding 1.68 million yuan [69] - Geely announced the release of its Raytheon AI hybrid system, which boasts high thermal efficiency and low fuel consumption [70]