Core Insights - The absence of key figures like Lei Jun at the 2025 Guangzhou Auto Show marks a shift in focus towards new players like Huawei's Qian Kun, highlighting a "new entrants and old exits" theme in the automotive industry [3][4] - The proportion of new energy vehicles (NEVs) at the show increased significantly to 57.97% from 43.72% in the previous year, indicating a growing trend towards electrification in the automotive market [3][11] Group 1: Industry Trends - The 2025 Guangzhou Auto Show showcased 1,085 vehicles, with 629 being new energy vehicles, reflecting a strong consumer interest in NEVs [11] - The event highlighted three major trends: the rise of large-scale and personalized models, the increasing focus on individualization as a growth strategy, and the ongoing debate between range-extended and pure electric technologies [13][14] Group 2: Company Collaborations - Huawei's Qian Kun brand is gaining traction as it collaborates with multiple automakers, including Avita and GAC Group, to enhance their smart vehicle offerings [8][9] - Avita and Huawei announced a strategic partnership to upgrade their collaboration model, expanding their cooperation into various areas such as user insights and product development [8] Group 3: Technological Innovations - AI technology is becoming a central theme at the auto show, with companies like Seres showcasing advancements in smart electric vehicle platforms [17] - Xiaopeng Motors introduced several AI-driven applications, including a new generation of autonomous driving technology, indicating a shift towards integrating AI in automotive solutions [19][20]

Core Insights - The golden era of pure electric large three-row SUVs has arrived, driven by technological breakthroughs and improved infrastructure, marking a fundamental shift in the market dynamics of the automotive industry [2] - The development of pure electric technology has addressed the core pain point of range anxiety, with the new ES8 capable of over 600 kilometers on a single charge, meeting daily usage needs [2] - The transition from range-extended to pure electric models is evident, with manufacturers previously focused on range-extended technology now launching pure electric products, indicating a consensus on the technological direction within the industry [2] Infrastructure and User Experience - NIO has established over 3,500 battery swap stations and more than 8,000 charging and battery swap stations, creating the world's largest intelligent electric vehicle battery swap network [3] - The user experience will significantly improve once the number of battery swap stations reaches 5,000 to 10,000, with the current network density in Guangdong providing unparalleled convenience compared to other energy replenishment methods [3] Industry Collaboration and Market Trends - NIO's network layout focuses on enhancing the private car user experience, differing from other companies, and 85% of the energy is made available for use by other brands, fostering a collaborative environment for industry development [4] - The Chinese smart electric vehicle industry has transitioned from policy-driven to market-driven, with a penetration rate of over 57% for new energy vehicles in October, indicating that they have become mainstream [4] - The upcoming adjustments to the new energy vehicle purchase tax policy are expected to have a limited impact, as the industry has developed deep market capabilities [4] - NIO will continue to invest in full-stack technology for smart electric vehicles, emphasizing the importance of succeeding in China as a pathway to success in other markets [4]

Core Insights - The absence of key figures like Lei Jun at the 2025 Guangzhou Auto Show highlights a shift in focus towards new players like Huawei's Qian Kun, which is gaining prominence in the automotive sector [3][4][9] - The proportion of new energy vehicles (NEVs) at the show increased significantly, reaching 57.97% compared to 43.72% in the previous year, indicating a growing trend towards electrification in the automotive market [3][13] Group 1: Industry Trends - The 2025 Guangzhou Auto Show showcased a notable increase in the number of NEVs, with 629 out of 1,085 vehicles displayed being electric [13][16] - A trend towards larger, personalized vehicle models is emerging, with several companies launching flagship MPVs and SUVs, driven by policy incentives and profit motives [16] - The competition between pure electric and range-extended technologies remains a hot topic, with various companies showcasing both types of vehicles at the event [17][18] Group 2: Company Collaborations - Huawei's Qian Kun is establishing itself as a key player, collaborating with multiple automakers like GAC Group and Dongfeng to launch new brands [9][10] - The partnership between Avita and Huawei has expanded significantly, focusing on user insights, product development, and integrated marketing strategies [9][10] - GAC Group's new brand, Qijing, aims to position itself in the high-end smart NEV market, with plans to launch an SUV and a coupe by 2026 [10][11] Group 3: Technological Innovations - AI technology is becoming a central theme, with companies like Seres showcasing advancements in smart electric vehicle platforms [19][22] - Xiaopeng Motors is emphasizing its commitment to AI-driven innovations, with plans to launch several AI applications by 2026 [21][22] - The competition in autonomous driving technology is intensifying, with various companies announcing new features and capabilities at the show [21][22]

【导读 】雷军缺席， 2025广州车展 "新进旧退"，两大新主角联袂登场 中国基金报记者 邱德坤 "雷军没来！"11月21日，在2025（第二十三届）广州国际汽车展览会（以下简称2025广州车展）的小米汽车展台，一名工作人员向中国 基金报记者表示。 北京（上海）车展、广州车展作为国内两大A级车展，是观察汽车市场格局演变、预判未来汽车市场走向的重要窗口，被称为"中国汽车市 场发展风向标"。 随着雷军等的 缺席，2025广州车展 迎来的 新主角 是华为乾崑。 一 位 车企人士 在2025广州车展逛了一圈后表示 ："处处都有华为的身 影。" "新进旧退"是2025广州车展的重要特点，而另一位新主角是新能源汽车。官方数据显示，2025广州车展的新能源汽车数量占比达 57.97%，而上一届是43.72%。 有别于2024年 参加北京、广州车展 ，小米集团董事长雷军 相继 缺席2025 年的 上海、广州车展 。 华为乾崑走向台前 多家车企深度绑定 由于雷军、余承东、周鸿祎等流量人物缺席，2025广州车展略显冷清，但华为旗下全新智能汽车解决方案品牌华为乾崑，作为车企供应商 开始从幕后走到台前。 记者走访2025广州车展注意 ...

Core Insights - The absence of key figures like Lei Jun at the 2025 Guangzhou Auto Show marks a shift in focus towards new players like Huawei's QianKun, highlighting a "new entrants, old exits" trend in the automotive industry [4][6] - The proportion of new energy vehicles (NEVs) at the show increased significantly to 57.97% from 43.72% in the previous edition, indicating a growing market presence for NEVs [4][11] Group 1: Industry Trends - The 2025 Guangzhou Auto Show showcased 1,085 vehicles, with 629 being NEVs, reflecting a strong consumer interest in electric vehicles [11] - A notable trend is the increasing emphasis on large, personalized vehicle models, with several companies launching flagship MPVs and SUVs during the event [13][14] - The competition between pure electric and range-extended technologies remains a hot topic, with various companies showcasing their respective advancements in these areas [15][16] Group 2: Company Collaborations - Huawei's QianKun brand is gaining traction as a key player, collaborating with multiple automakers like Avita and Dongfeng to enhance their vehicle offerings [8][9] - Avita and Huawei announced a strategic partnership to upgrade their collaboration model, expanding their joint efforts across various domains including product development and marketing [8] - The partnership between GAC Group and Huawei's QianKun aims to launch a high-end smart NEV brand named "Qijing," targeting the 350,000 yuan market segment [9] Group 3: Technological Innovations - AI technology is becoming a central theme at the auto show, with companies like Seres showcasing their advancements in smart electric vehicle platforms [16][19] - Xiaopeng Motors introduced several AI-driven applications, including a new generation of autonomous driving technology, set to enter mass production by 2026 [19][20] - The event highlighted the importance of self-developed capabilities in AI and autonomous driving among new automotive players, indicating a shift towards integrated technological solutions [20]

李斌认为，2025年是纯电体验的关键拐点——用户从纯电技术中获得的体验增益，已超过加电不便带来 的损耗。 新京报贝壳财经讯(记者白昊天)11月21日，蔚来汽车董事长李斌在广州车展现场表示："目前市场数据 显示，纯电车型的销量在增长，10月份增长了20%，而增程车型则有所下降，10月份下降了20%。用户 的心智也在发生变化，倾向于更加接受纯电技术的发展方向。" ...

他谈到，"大家知道，我们在中国的话停车都是倒进去，倒进去以后特别是大的SUV后备舱就很难打 开，要取放东西有两次动线，其实非常不方便。我们的前备舱有240L，而且我们的开口做得比较低， 其实这背后都是包括我们900伏高压的技术，包括我们的集成小型化的这种零部件，这样的一些集成化 技术，带来的感知的体验，空间背后其实都是技术。" 李斌还表示，"乐道L90现在有3万多用户，我们的数据是现在用户用前备舱的频率已经后备舱差不多， 甚至还高一点。我们全新的ES8，还有很多产品，比如说很多商务的使用场景，还有要找代驾的时候， 我们全新ES8就是对代驾师傅最友好的车，后续我们还会开发很多产品，这只是一个例子。我们前备箱 加后备箱的就能够做到六人10箱或者六人12箱，就解决了SUV一直都没有解决好的用户空间痛点问题， 就是坐得下放不下。" 专题：2025广州国际车展 新浪科技讯 11月21日午间消息，在广州车展上，蔚来汽车创始人、董事长、CEO李斌表示，"我们纯电 的技术优势在乐道L90和蔚来全新ES8上体现得其实非常的全面，我觉得最显性的也是高频、高感知的 用户价值，就是超大的前备舱，它是能够显著的去改变用户的用车行为。" ...

Core Insights - The trend towards pure electric vehicles (EVs) is becoming increasingly clear in the automotive industry [1] - Market data indicates a 20% increase in pure electric vehicle sales in October, while range-extended models saw a 20% decline [1][2] Group 1: Industry Trends - The automotive industry requires product decisions to be made two to three years in advance, making it challenging to predict future trends [1] - There has been a shift in consumer mindset, with users becoming more accepting of the development of pure electric technology [2] Group 2: Company Positioning - The company will continue to adhere to a technology route that aligns with market trends and will improve products and business models based on market feedback [2] - The founder of the company expressed that large battery range-extended vehicles compromise on design aspects to accommodate their transitional role, affecting battery usability, range, cost, and weight compared to pure electric products [1]

专题：2025广州国际车展 对于"有人认为大电池的增程就是纯电"这个观点，李斌表示，大电池增程车型在前备箱空间、后备箱空 间布置增程器油箱等方面会做出妥协，以适应其作为过渡方案的定位。此外，电池容量虽大，但仍需为 纯电行驶区间做设计上的调整，导致其在电池可用区间、续航能力、成本和重量等方面相比纯电产品有 所牺牲。 "这只是我的理解，不代表用户的看法。这个最后还是市场说了算。如果大家都买大电池增城，那说明 他们就对了。"但李斌也表示，目前市场数据显示，纯电车型的销量在增长10月份增长了20%，而增程 车型则有所下降，10月份下降了20%。 用户的心智也在发生变化，倾向于更加接受纯电技术的发展方向。公司将继续坚持符合趋势的技术路 线，并根据市场反馈不断改进和改善产品与商业模式。 责任编辑：李思阳 11月21日，在广州车展上，蔚来汽车创始人、董事长、CEO李斌表示，纯电趋势已经越来越清楚。 李斌表示，汽车行业的产品决策通常需要提前两三年去预判未来的趋势。很多友商两年前或三年前决策 做增程路线的产品，这个路线完全可以理解。 "因为在那个时间点，这个增程确实是巅峰的时期，在那个时间点有大的大增城大的SUV的产品，不管 ...

Core Insights - GAC Aion's first "range extender + pure electric" dual-power model, Aion i60, was officially launched on November 16, with a starting price of 104,800 yuan [2] - The demand for new energy vehicles has shifted from "pure electric first" to "scenario first," particularly in northern regions with harsh winters and inadequate charging infrastructure [2] - The Aion i60 range extender version features breakthrough energy efficiency, with an oil-electric conversion rate of 3.73 kWh/L and a low fuel consumption of 5.5 liters per 100 km in low battery status [2] Product Features - The Aion i60 is equipped with a 29.165 kWh large battery, offering a pure electric range of 210 km and a comprehensive range of 1240 km [2] - The vehicle supports 3C fast charging, allowing it to charge from 30% to 80% in just 15 minutes [2] - The pure electric version of Aion i60 features a 75 kWh battery, achieving a pure electric range of 650 km and can charge 200 km in 5 minutes using 3C fast charging technology [3] Space and Comfort - The Aion i60 has a wheelbase of 2775 mm, providing ample rear legroom of 1037 mm and headroom of 1020 mm [5] - The vehicle includes a spacious trunk with a capacity of 416 liters, accommodating up to eight 20-inch suitcases even when fully seated [5] - Comfort features include 8-point massage front seats, a 137-degree reclining rear seat, and a panoramic sunroof with electric sunshade [5] Safety Features - The vehicle's body structure consists of 72% hot-formed steel, enhancing safety during side collisions [5] - The battery pack includes multiple safety features, such as a 360-degree protection system and a 6-airbag setup [5] - Additional safety measures include a dedicated head protection cavity for rear child passengers and emergency power cut-off [5] Intelligent Driving Assistance - The Aion i60 is equipped with the GAC GSD intelligent driving assistance system, which has a low false trigger rate for automatic emergency braking [6] - The system supports 41 main scenarios and 392 sub-scenarios, covering all high-speed scenarios [6] - The vehicle features a 14.6-inch display and an AI voice assistant with a response time of 0.28 seconds [6] Strategic Positioning - The successful launch of the Aion i60 reflects GAC Aion's strategic focus on user needs and rapid technological innovation under its "Panyu Action" strategy [7] - The brand aims to shift towards creating sustainable user value across various aspects, including brand philosophy, channel development, and service upgrades [7]