L3级智驾

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2月基金月报 | 股市回暖债市调整,中小盘风格和成长风格基金表现良好,固收基金表现分化
Morningstar晨星· 2025-03-12 09:39
2025.02 晨 星 月 报 01 市场洞察 国内经济企稳向好, 股市回暖债市调整 2月,国内宏观经济稳中向好,反映国内经济先行指标的制造业PMI录得50.2,在1月份49.1的基础上回升1.1,重回扩张区间。制造业的景 气水平回升主要是受到生产指数、新订单指数、从业人员指数和供应商配送时间指数环比上行所带来的影响。1月份CPI同比上涨0.5%, PPI同比下降2.3%。相比于12月份CPI和PPI同比分别上涨0.1%和下降2.3%而言,1月份CPI同比涨幅上升主要是受到食品价格和服务价格 拉升的影响,生产资料价格和生活资料价格的降幅同上月基本持平,PPI同比降幅保持不变。 以Deepseek和人形机器人为代表的AI产业链在2月备受市场关注,17日,时隔六年召开的民营企业座谈会释放出国家对民营经济高度重视 和全力支持的积极信号,增强了市场对于整体经济和资本市场的信心,也进一步推升了市场的风险偏好。从投资侧来看,主要股指在2月 悉数上涨,其中上证指数和深证成指分别上涨2.16%和4.48%。代表大盘股、中盘股和小盘股的沪深300指数、中证500指数和中证1000指 数分别上涨1.91%、4.84%和7.26% ...
乘用车行业点评报告:问界M8/新M9开启预售,华为系新车周期强势来临
KAIYUAN SECURITIES· 2025-03-06 06:23
Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The automotive industry is expected to see significant advancements in intelligent driving technology, particularly with Huawei's plans to launch L3 architecture by 2025, which will enhance the driving experience [6] - The introduction of new models such as the AITO M8 and M9, which feature advanced intelligent driving capabilities and improved energy efficiency, indicates a strong market potential for these vehicles [4][6] - Huawei's collaboration with various automotive manufacturers, including BYD and SAIC, is expected to strengthen the smart transformation of traditional automakers, expanding its influence in the market [5][6] Summary by Sections Industry Trends - The automotive sector is projected to outperform the overall market, driven by technological advancements and new model launches [1][6] - The demand for intelligent driving solutions is increasing, with Huawei's L3 level driving technology expected to play a crucial role in this transition [6] New Model Launches - The AITO M8 is set to be priced between 368,000 to 458,000 yuan, while the M9 will start at 478,000 yuan, both featuring advanced intelligent driving configurations [4] - The new M9 model will have an engine power increase from 112 kW to 118 kW and a reduction in WLTC fuel consumption from 0.88 L/100 km to 0.62 L/100 km, showcasing improved energy efficiency [4] Strategic Collaborations - Huawei is expanding its partnerships with automotive manufacturers, moving from second-tier companies to leading brands like BYD and SAIC, enhancing its market presence [5] - The introduction of the "HI" and "Smart Selection" models by Huawei aims to empower car manufacturers in their smart transformation efforts [5]