Core Insights - The collaboration between JD.com, GAC Group, and CATL aims to address consumer pain points in the automotive industry by leveraging data-driven insights and a unique sales model [3][12][15] - The Aion UT Super, the first model from this partnership, integrates manufacturing, battery technology, and retail to create a streamlined vehicle purchasing experience [4][11][14] Group 1: Collaboration and Roles - JD.com, GAC Group, and CATL have clearly defined roles in the collaboration, focusing on their respective strengths: GAC handles manufacturing, CATL provides battery technology, and JD.com manages sales and customer experience [7][12] - The partnership emphasizes a "C2M" (Customer to Manufacturer) model, utilizing JD.com's extensive user data to inform product development and optimize the vehicle for consumer needs [3][5][12] Group 2: Product Features and Innovations - The Aion UT Super features a 500 km range, rapid battery swapping in 88 seconds, and advanced safety and smart technology, addressing key consumer concerns such as range anxiety and service gaps [4][11] - The vehicle is designed to provide a one-stop shopping experience, integrating various services from purchase to maintenance, thus simplifying the traditional car buying process [5][14] Group 3: Market Strategy and Sales Approach - JD.com will exclusively sell the Aion UT Super online, eliminating traditional dealership models and enhancing the purchasing process through digital channels [6][12] - The marketing strategy includes unique events, such as the auction of the first vehicle, which generated significant public interest and engagement [6][14] Group 4: Future Outlook and Industry Impact - The collaboration represents a shift in the automotive industry, where traditional manufacturing and sales models are being challenged by e-commerce strategies and data-driven insights [15] - JD.com's ambition to create a comprehensive automotive ecosystem aims to cover the entire vehicle lifecycle, potentially disrupting the conventional 4S dealership model [14][15]

11月6日，A股市场震荡拉升，沪指重返4000点，国证自由现金流指数震荡上行涨超2.2%，成分股中有7 只涨停，分别为常宝股份、海陆重工、潍柴动力、正泰电器、潍柴重机和云天化。相关ETF方面，同类 规模最大的自由现金流ETF（159201）跟随指数上行，近17天获得连续资金净流入，合计"吸金"9.5亿 元，盘中成交额率先突破3.3亿元。 （文章来源：每日经济新闻） 国投证券分析称，A股三季报较H1出现盈利、营收和ROE三大核心指标环比改善，结合自由现金流与销 售净利率两大核心指标同步好转，结合"十五五"规划强调"以经济建设为中心"暗示A股盈利底部正在逐 步明确，这意味着向基本面牛过渡的概率基于未来半年的维度正在明显提升。 自由现金流ETF（159201））及其联接基金（A：023917；C：023918）成分股聚焦自由现金流充裕的 行业龙头，行业覆盖有色金属、汽车、石油石化、电力设备等高壁垒领域，行业分散性显著，有效规避 单一行业波动风险，是底仓配置的有利选择。基金管理年费率0.15%，托管年费率0.05%，均为市场最 低费率水平。 ...

今年，一汽解放继续发力，推出了混动重卡动力电池浸没式解决方案。该解决方案将电芯直接浸没于绝 缘且具备高导热效率的热管理液中，突破了传统底部冷却方案存在的间接散热瓶颈，能有效满足电池在 持续大电流充放电等极端、多变工况下的散热需求，显著提升电池系统的温度均匀性，确保每一颗电芯 始终维持在最佳工作区间。 "公司打造出的动力电池系统，具备高安全、大功率、高效率与长寿命等综合优势，全面支撑整车在动 力性、经济性等方面的性能显著提升，为一汽解放新能源车型注入更强竞争力。"郭平说。 中证报中证网讯（王珞）日前，在由清华大学与壳牌中国联合主办的"赋能进步·共话能源行业高质量发 展"合作论坛（2025）上，一汽解放（000800）商用车开发院副院长郭平发表了题为《浸没式电池：为 解放新能源车注入硬核竞争力》的主题演讲。郭平表示，一汽解放以技术创新为动力，持续深化技术探 索，聚焦高倍率充放电场景下的热管理难题，在行业内率先推出混动重卡动力电池浸没式解决方案，积 极推动新能源产业变革。 自2021年发布"15333"新能源战略以来，一汽解放持续加大新能源领域投入，不断强化自主创新能力， 加速推进转型进程。道路运输行业是推动国民经 ...

中证报中证网讯（记者 王辉）11月4日，上汽集团（600104）旗下智己汽车举行线上发布会并宣布，智 己LS9全球首发并开启预售。新车首发两个超级增程版本：52 Ultra版，预售权益价33.69万元；66 Ultra 版，预售权益价36.69万元。 智己汽车表示，作为汇聚上汽集团70年造车底蕴、集全球顶尖技术打造的旗舰之作，智己LS9全系标配 800V架构，该SUV车型的双电机矢量四驱系统能够带来比肩燃油4.0T V8发动机的澎湃动力。智己LS9 搭载的灵蜥数字底盘3.0，能够实现双向24°超大角度智慧四轮转向，以及4.95米的转弯半径。同时，该 车型搭载的灵蜥爆胎稳定控制系统与主动防侧翻3.0系统，能够实现更好的驾控安全。 ...

Core Viewpoint - Morgan Stanley's latest report highlights BYD's launch of the Racco K-car model specifically designed for the Japanese market, which is expected to capture over 30% market share in this niche segment, contributing an annual profit of 400 million to 1 billion RMB [1][5][10]. Group 1: Market Opportunity - The K-car segment accounts for 30-40% of total car sales in Japan, with annual sales around 1.2 million units, presenting a significant growth opportunity for BYD [1][6]. - The target market for BYD's Racco is approximately 350,000 to 450,000 units annually, focusing on consumers willing to try new brands, as about two-thirds of Japanese consumers prefer domestic brands [10][11]. Group 2: Strategic Significance - The launch of Racco signifies BYD's commitment to localization, marking a shift from simple exports to deeper local operations, which is a strategic evolution for Chinese automakers [5][6][12]. - The model's development reflects BYD's strategy of "In Japan and for Japan," indicating a tailored approach based on experiences from the European market [9][12]. Group 3: Financial Projections - Although Racco's direct profit contribution is estimated to be only 1-2% of BYD's expected earnings in 2026, its strategic importance is deemed significant [5][11]. - The projected selling price of Racco is around 2.5 million yen (approximately 170,000 RMB), which is nearly double the price of similar compact cars sold in China, allowing for higher profit margins [9][11]. Group 4: Global Expansion Strategy - BYD is expanding its global footprint by establishing production bases in various countries, including Brazil, Indonesia, Malaysia, Thailand, Hungary, and Turkey, supporting its international strategy [11][12]. - The company is shifting from a pure electric vehicle (BEV) export strategy to a balanced approach that includes plug-in hybrid electric vehicles (PHEV) [12][13].

Core Insights - The launch of Geely Galaxy Star 6 at a competitive price of 68,800 to 99,800 yuan intensifies competition in the A-class plug-in hybrid sedan market, which is already highly contested [2][5][6] - The vehicle emphasizes low operating costs, with an official fuel consumption of 2.8L/100km and a pure electric range of 125km, appealing to budget-conscious consumers [3][4] - Geely aims to capture market share in the 80,000 to 100,000 yuan segment, which is crucial for family users and represents a significant portion of sales in the A-class sedan market [6] Market Context - The A-class sedan market has shifted significantly over the past decade, with domestic brands now occupying seven of the top ten sales positions, showcasing their competitive edge in the electric vehicle transition [5][6] - The introduction of the Star 6 is a direct challenge to existing pricing structures, particularly against competitors like BYD and Changan, who have set lower price points for similar vehicles [5][6] Product Features - The Star 6 features the new generation Raytheon AI hybrid system, which optimizes energy consumption based on driving conditions and habits, enhancing economic efficiency [3][4] - The vehicle boasts a spacious interior with 27 storage compartments and a trunk capacity of 609L, exceeding many competitors in the same class [4] - Safety features include a high-strength steel body and a battery system that has passed rigorous safety tests, ensuring consumer confidence in the product [4] Competitive Landscape - The A-class plug-in hybrid sedan market is becoming increasingly competitive, with various brands vying for dominance, which ultimately benefits consumers through improved pricing and features [6][7] - Geely's strategy with the Star 6 is to provide a cost-effective product that meets or exceeds consumer expectations in terms of space and configuration, while also addressing the challenges of maintaining product quality amid price competition [7]

转自：中国质量报 本报讯 （记者岳 倩）近日，多家车企相继发布10月销量成绩单。数据显示：10月，车市延续"金九"良 好市场表现，多家新势力车企创造了月度销量的新高，不少传统车企也刷新了单月销量历史新纪录。 零跑汽车以超7万辆的交付成绩，蝉联新势力销量榜首，同比增长84.11%。其前10个月已累计交付46.58 万辆，同比增长120.72%，目标完成率突破80%。 华为鸿蒙智行以月交付6.82万辆紧随零跑汽车，创下新高，环比增长28.91%，全系累计交付已突破100 万辆。 创下单月新高的还有小鹏汽车。10月，小鹏汽车共交付新车4.2万辆，同比增长76%。小鹏汽车累计交 付3.55万辆，同比增长190%。 小米汽车表示，10月交付量持续超过4万辆，前10个月累计交付量超过29万辆。 据了解，10月车市取得的良好成绩不仅与新车的密集上市有关，新能源汽车购置税将迎来的变化也是重 要影响因素。一直以来，政策退坡的临界点、抢占窗口期以及提前消费等因素，直接影响着新能源汽车 市场的销售情况。由于2026年1月1日新能源汽车购置税将由"免征"变为"减半征收"，不少消费者担心如 果11月、12月订车，要是没能年底前提车，那 ...

| 排名 | 企业名称 | 品牌名称 | 品牌强度 | 品牌价值 | | --- | --- | --- | --- | --- | | | | | | (亿元) | | ব | 国家电网有限公司 | 国家电网 | AAA- | 5445. 83 | | 9 | 上海汽车集团股份有限公司 | 上汽集团 | AA+ | 4613. 20 | | 11 | 中国石油天然气集团有限公司 | 中国石油 | AAA | 4214. 40 | | 12 | 比亚迪股份有限公司 | 比亚迪 | AAA- | 4131.98 | | 14 | 中国石油化工集团有限公司 | 中国石化 | AAA- | 3855. 67 | | 17 | 浙江吉利控股集团有限公司 | 吉利 | AA+ | 3490. 84 | | 18 | 中国第一汽车集团有限公司 | 中国一汽 | AA | 3306. 84 | | 22 | 上海电气控股集团有限公司 | 上海电气 | AA | 2506. 06 | | 23 | 小米集团 | 小米 | AAA- | 2474. 66 | | 31 | 国家能源投资集团有限责任公司 | 国家能源集团 | A ...

家电圈又整大活了！ 最近，做家电的夏普居然跨界造车了，而且29日东京车展一开幕，夏普的车就被围观了。 这次夏普"整活"带来的是LDK+的纯电MPV概念车，被称为"客厅的延伸"，而且据说这款车2027年就能上市。 那亮点在哪儿呢？根据夏普的介绍，旋转座椅一转，变客厅；屏幕一拉，变电影院；AIoT互联一开，车还能和你家空 调、洗衣机、厨房电器联动！ 不过，这套话术听起来怎么这么像国内企业喊了好几年的"人车家"生态？夏普这波操作，是在创新还是在致敬？ 出品｜搜狐财经 作者｜李保铭 真可谓是一顿操作猛如虎，一看销量不到1500啊。 2021年，雷军在发布会上官宣造车并喊出"这是我人生最后一次重大创业项目"后，现在夏普也想试试。 夏普的愿景很美好，问题是，人人都想学小米，但不是谁都有雷军的命啊。 而且，汽车圈儿这么卷，夏普能hold住吗？ 我们先一起看看夏普的前辈们过得咋样。 远的不说啊，咱单说国内，扫地机圈大佬——石头科技的昌敬，应该是近年来造车最风风火火的企业家了。2023年，昌 敬带着极石汽车亮相，并在当年11月开始交付。 昌敬一边造车，一边减持石头科技股票，被质疑套现是为了极石。这一操作也把散户给急坏了，在昌敬 ...

Core Insights - The rapid changes in the Chinese market are leading the future of mobility, emphasizing electrification, digitalization, and new luxury concepts [1] - The automotive industry is undergoing a profound transformation, requiring companies to rethink their operational strategies and make decisive actions to appeal to younger customers [1] Group 1: Porsche's Commitment to China - The inauguration of the Porsche China R&D Center marks a significant milestone in the company's "In China, For China" strategy, enhancing local innovation capabilities [1][2] - The new R&D center is Porsche's first large-scale overseas facility outside Germany, equipped with modern facilities and a core team of over 300 engineers [2][3] - The center aims to integrate local R&D, procurement, and quality functions, allowing for rapid decision-making and a significant reduction in development cycles from years to months [2][4] Group 2: Focus on Localized Solutions - The R&D center is designed to create intelligent solutions that align with the digital lifestyles and unique needs of Chinese consumers while maintaining Porsche's engineering quality [3][5] - The center will focus on developing infotainment systems and advanced driver assistance systems tailored to the expectations of Chinese customers [4][5] - The first localized technology outcome will be a China-exclusive infotainment system, set to launch in mid-2026 [5] Group 3: Integration with China's Innovation Ecosystem - Porsche's R&D efforts in China have evolved over the past decade, with the establishment of various entities to deepen their commitment to the market [4] - The integration of the R&D center into China's fast-developing innovation ecosystem allows for quicker responses to changing customer demands [4][5] - The new infotainment system will feature AI voice assistants and 3D vehicle displays, enhancing the digital experience while preserving Porsche's driving passion [4][5]