本以为 "多生孩子好打架" 是主流品牌的内卷套路，没想到超豪华品牌也玩起了这套。 据"36氪汽车"报道，尊界品牌明年将推出 SUV 和 MPV 车型，且两款车均提供标轴、长轴版本，尊界 S800 还会追加高定版（高级定制版）车型。 算上现款尊界 S800，明年尊界的产品矩阵将扩充至三款系列、六款车型。 报道进一步指出，计划推出的 SUV 和 MPV 在定位上会略低于尊界 S800，但还是会面向高端市场。 图源：电车通摄制 根据上述信息，我们不难梳理出三大关键动向： 超豪华品牌本质上经营的是"影响力生意"，"密集推新"未必等于稳赢。尊界明年以六款车型强攻市场，在电车通看来，这场激进的布局，既承载着重塑超豪 华市场格局的野望，也面临着品牌能否支撑全线溢价的现实考验。 尊界加速扩张，技术、产能、资金兜底 尊界一年内连推五款新车的"激进"策略，绝非盲目自信，其背后是首款车型 S800 打下的坚实市场基础。 定价 70.8 万元起的尊界 S800，上市 175 天大定突破 18000 辆，10 月单月交付就达 1970 辆，相当于同价位蔚来ET9的十倍以上，早已超越了迈巴赫 S 级、 保时捷 Panamera 等传统豪 ...

Core Viewpoint - The German luxury car trio, BMW, Mercedes-Benz, and Audi (BBA), is losing market share in China due to the rapid rise of domestic electric vehicle brands, particularly in the entry-level and mid-range luxury segments [4][8]. Market Dynamics - The entry-level luxury sedan market, represented by models like the BMW 3 Series, Audi A4L, and Mercedes-Benz C-Class, has seen significant price reductions, with the Mercedes-Benz C260L's price dropping to around 25 million yuan after subsidies [4]. - Despite price cuts, sales have not improved significantly, with Mercedes-Benz C-Class and Audi A4L sales dropping by 16% and 27% respectively in the first half of 2025, while BMW 3 Series saw a slight increase [4][5]. - The market share of new energy vehicles in the 200,000 to 300,000 yuan price range has increased from 60% to 63.3% year-on-year, further squeezing traditional luxury entry-level cars [4]. Financial Impact - BMW reported a 24.6% decline in deliveries for its popular models X3/X4 and a staggering 70.8% drop for i3/i4 in the first half of the year [5]. - In Q3 2023, BMW's sales in China were 147,100 units, down 0.4% year-on-year, while Mercedes-Benz's sales fell by 27% to 125,100 units [5]. - The financial performance of BBA has been adversely affected, with Mercedes-Benz's net profit plunging 55.8%, Audi's down 37.5%, and BMW's decreasing by 29% in the first half of 2025 [6]. Competitive Landscape - The mid-size luxury sedan market is also experiencing price competition, with the BMW 5 Series seeing a price drop of 40% from 439,900 yuan to approximately 260,000 yuan [6]. - Domestic electric vehicle brands are now targeting the ultra-luxury segment, with models like BYD's Yangwang U8 and NIO's ET9 directly competing with BBA's high-end offerings [6][7]. - NIO's ET9 surpassed BMW 7 Series and Audi A8L in sales in its first month, while Huawei's Zun Jie S800 received over 14,000 pre-orders within 109 days, indicating a shift in consumer preferences [7][11]. Historical Context - The Chinese luxury car market has undergone a significant transformation from 2010 to 2020, with market size growing from approximately 300,000 units to 2.2 million units, while BBA's market share dropped from 94.03% in 2012 to 63% in 2020 [8][9]. - Domestic brands have increasingly penetrated the luxury market, with Li Auto capturing nearly 10% market share and NIO holding a 40% share in the pure electric vehicle segment above 300,000 yuan by 2024 [9][10]. Challenges for Domestic Brands - While domestic brands have made strides in the ultra-luxury market, they face challenges in brand recognition and consumer trust compared to established players like BBA [16][18]. - The international market presence of these brands remains limited, and their success in the ultra-luxury segment will depend on their ability to enhance brand perception globally [18].

Core Viewpoint - The article discusses the significant shift in the Chinese luxury car market, highlighting the decline of traditional German brands (BBA: BMW, Benz, Audi) due to the rapid rise of domestic electric vehicle brands, particularly in the entry-level and mid-range luxury segments [3][4][10]. Group 1: Market Dynamics - Over the past two decades, BBA has established itself as a symbol of luxury in China, but is now losing market share in the entry-level luxury sedan segment, where prices have dropped significantly [3][4]. - In the first half of 2025, the sales of Benz C-Class and Audi A4L fell by 16% and 27% respectively, while BMW 3 Series saw a slight increase [3]. - The market share of new energy vehicles in the 200,000 to 300,000 yuan price range has increased from 60% to 63.3% year-on-year, further squeezing the market for traditional luxury entry-level cars [3][4]. Group 2: Financial Impact - BBA's financial performance has been adversely affected, with Benz's net profit dropping by 55.8%, Audi's by 37.5%, and BMW's by 29% in the first half of 2025 [4]. - The mid-range luxury sedan market is also experiencing price cuts, with the entry-level BMW 5 Series seeing a price reduction of 40% [4]. Group 3: Competition from Domestic Brands - Domestic brands like NIO and BYD are increasingly targeting the ultra-luxury market, with models like the NIO ET9 and BYD's Yangwang U8 directly competing with BBA's offerings [4][5]. - NIO's ET9 surpassed BMW 7 Series and Audi A8L in sales shortly after its launch, indicating a shift in consumer preference [5]. - The Huawei-backed ZunJie S800 received over 14,000 pre-orders within 109 days, suggesting a strong market response that could challenge BBA's dominance [5][19]. Group 4: Historical Context and Future Outlook - The luxury car market in China has evolved significantly from 2010 to 2020, with BBA's market share dropping from 94.03% in 2012 to 63% in 2020 [7][10]. - By 2024, BBA's combined market share is projected to fall to 35%, while domestic brands like Li Auto and AITO are gaining traction [10]. - The competition in the ultra-luxury segment remains challenging for domestic brands, as they must overcome brand perception issues and establish a strong market presence [24][26].

Core Viewpoint - Maserati, known as the "Queen of Sports Cars," is reportedly not for sale despite rumors, as confirmed by Stellantis Group officials [2][4]. Group 1: Maserati's Sales Performance - Maserati's global sales significantly declined in 2024, dropping from 26,689 units in 2023 to 14,725 units, a decrease of over 40% [2][4]. - In China, Maserati's sales fell from 4,680 units in 2022 to 1,209 units in 2024, with its market share dropping from 20% to 8.2% during the same period [4]. - The decline in sales is attributed to decreased demand for Western luxury imports, a drop in Grecale model sales, and inventory reduction measures [4]. Group 2: Financial Performance - Maserati's adjusted operating income and net income also saw declines in 2024, influenced by reduced sales and product mix [4]. - Stellantis Group reported a net revenue of €156.9 billion in 2024, a 17% decrease from 2023, with net profit dropping by 70% to €5.5 billion [7]. Group 3: Leadership Changes - Stellantis Group appointed a new CEO, Antonio Filosa, on June 23, 2025, as part of a management restructuring aimed at reversing the company's declining performance [3][7]. - Filosa's leadership experience in North and South America is expected to bring a new direction to the company [8]. Group 4: Market Trends - The overall luxury car market is experiencing a downturn, with Maserati's sales reflecting a broader trend of weakened demand among high-end consumers [5][6]. - In contrast, other luxury brands like Ferrari, Bentley, and Rolls-Royce are performing relatively better despite facing some sales declines [6].