格隆汇12月9日丨浙江世宝(002703.SZ)在互动平台表示，公司的线控转向及后轮转向主要应用于高级别 自动驾驶汽车及豪华汽车上，该技术较低速物流车更先进、难度也更高。公司产品暂无应用于机器人。 ...

Core Insights - The launch of the Fengyun A9L Glorious (4WD) marks a significant milestone for Chery, introducing four versions with prices starting from 171,900 yuan, setting a new benchmark in the luxury car market in China [1][14] - The Fengyun A9L has achieved over 10,000 deliveries for three consecutive months, positioning it among the top in the mid-to-large sedan category [3][14] - The vehicle features advanced intelligent driving capabilities and luxurious interior design, aiming to redefine user experience in the luxury segment [5][9] Pricing and Models - The Fengyun A9L Glorious (4WD) is available in four versions: - 4WD Premium Version: 171,900 yuan - 4WD High-Energy Version (Falcon 500): 185,900 yuan - 4WD Peak Version (Falcon 700): 201,900 yuan - 4WD Exclusive Version (Falcon 700): 226,900 yuan [1] - The launch includes nine purchase benefits, enhancing the overall value proposition for consumers [1] Intelligent Driving Features - The Fengyun A9L Glorious Falcon 700 incorporates a self-developed high-level intelligent driving system based on the Momenta R6 model, capable of learning from 20 million kilometers of real-world data daily [5][7] - The system demonstrates advanced decision-making capabilities in various challenging driving scenarios, ensuring a smooth driving experience [7] Luxury Experience - The Fengyun A9L Glorious Exclusive Version offers a spacious interior with a 3000mm wheelbase and luxurious seating features, including electric adjustments and massage functions [9] - The vehicle integrates smart amenities such as a temperature-controlled refrigerator and various connectivity options, creating a versatile mobile space [9] User Engagement and Feedback - The development of the Fengyun A9L Glorious involved extensive user feedback, with 1,278 suggestions implemented from over 18,800 collected [11] - The vehicle has received positive endorsements from users and brand ambassadors, highlighting its value and comfort [11] Technical Specifications - The Fengyun A9L Glorious is built with 88% high-strength steel and aluminum, ensuring safety and durability [11][12] - It features a hybrid power system with a thermal efficiency of 45.79%, offering a pure electric range of 260 km and a combined range exceeding 1200 km [11] - The vehicle's braking and handling capabilities are enhanced by advanced suspension and braking systems, ensuring confident control [11] Industry Recognition - The Fengyun A9L has received multiple industry accolades, including NESTA six-dimensional electric safety certification and recognition for its chassis and energy efficiency [12] - The vehicle aims to establish a new standard for health and safety in the automotive sector, reinforcing its position as a flagship model [12]

Core Viewpoint - The Chinese automotive market is in a phase of adjustment, with expectations for slight growth in production and sales compared to the previous year, driven by a strong performance in the luxury vehicle segment [1][2]. Industry Overview - The overall automotive production and sales from January to November 2021 reached 23.17 million and 23.49 million units, respectively, marking a year-on-year increase of 3.5% and 4.5% [1]. - The luxury vehicle segment has shown resilience, with luxury car sales growing by 19.5% year-on-year, significantly outpacing the overall passenger vehicle growth rate [1][2]. Company Performance - Harmony Auto has demonstrated exceptional growth, with a 62% increase in revenue, gross profit, and net profit in the first half of 2021, and new car sales reaching a record high of 22,400 units, a growth rate of 53.6% [3][4]. - The company has a strong brand portfolio, with over 80% of new car sales coming from BMW and Lexus, both of which have shown robust sales performance [4][6]. Strategic Initiatives - Harmony Auto is expanding its presence in the ultra-luxury segment, with 29% of its dealership network dedicated to ultra-luxury brands, which are expected to yield higher profit margins [6][9]. - The company has implemented digital management reforms that have led to significant cost reductions and efficiency improvements, including a decrease in sales and management expenses [7][9]. Market Trends - The demand for luxury and ultra-luxury vehicles is expected to continue growing, with forecasts indicating a compound annual growth rate of 10.2% for luxury vehicle demand from 2020 to 2025 [10][11]. - The after-sales market is projected to reach a scale of 1 trillion yuan by 2023, driven by an increase in vehicle ownership and aging vehicles [12][13]. Future Outlook - Harmony Auto is well-positioned to benefit from the ongoing trends in luxury vehicle demand, after-sales services, and the growing acceptance of electric vehicles [14][15]. - The company has a strategic focus on expanding its network and enhancing operational efficiency, which is expected to drive long-term performance improvements [11][15].