Core Viewpoint - BYD is set to launch new models and upgrades in the second half of the year, with the Titanium series debuting at the Chengdu Auto Show, enhancing existing models at original prices [1] Group 1: Company Developments - BYD will introduce the Titanium series, which will upgrade configurations of current mass-market models [1] - The pricing is expected to stabilize as vehicle functionalities are enhanced, indicating a strategic shift in product offerings [1] Group 2: Market Outlook - The company expresses confidence in a favorable market evolution as competitors' new product cycles come to an end [1] - The competitive landscape in the domestic electric vehicle market is becoming more refined, which may benefit BYD [1] Group 3: Analyst Ratings - Credit Lyonnais reaffirms a "highly confident outperform" rating for BYD's H-shares and A-shares, with target prices set at HKD 140 and CNY 140 respectively [1] - The target prices correspond to a projected price-to-earnings ratio of 19 times for the upcoming year [1]

里昂发表研究报告指，吉利汽车受惠于内燃机(ICE)和新能源汽车(NEV)布局，其市场定位或可对冲潜在 的电动车补贴政策。该行维持公司目标价为23港元和"高确信跑赢大市"评级。 出口方面，吉利预计今年新能源车的市场份额将超过29%，出口量将达到42万辆。该行认为，由于吉利 正在进入拉丁美洲和欧洲等新市场，同时在海外推出更多新能源车型，因此对其能够实现目标充满信 心。该行基于吉利强劲的国内外前景，重申吉利Galaxy的月销量应超过15万辆，而吉利今年整体的销售 应超过其300万辆的目标，内燃机销售至少达到100万辆。 ...

国内新闻 工信部印发《场景化、图谱化推进重点行业数字化转型的参考指引（2025版）》 9月16日，工业和信息化部办公厅印发《场景化、图谱化推进重点行业数字化转型的参考指引（2025版）》。指引附件中给 出新能源汽车、锂电池、机器人、智能移动终端等14个行业场景图谱2025版，后续也将继续支持行业相关主体根据技术演进和 产业发展对场景图谱进行动态更新。同时，鼓励其他行业探索开展"一图四清单"建设。 河南：推动新能源汽车智能化网联化升级 9月15日，河南省印发《河南省加快人工智能赋能新型工业化行动方案（2025-2027年）》提出，新能源汽车产业方面，运 用人工智能算法加强反应机理、关键材料、系统设计、制备工艺等技术攻关，发展高性能动力电池、电机和电控系统。建设柔 性智能制造单元，发展模块化生产方式，实现多车型混流生产。推动新能源汽车智能化、网联化升级，加快大模型在感知、规 划和控制等环节深度赋能，突破高阶自动驾驶技术。 苏州发布"人工智能+"城市行动方案 9月16日，据报道，福特汽车将于2026年初在德国科隆厂裁员1000人。 现代汽车劳资达成涨薪协议 9月16日，现代汽车工会表示，工会前一天表决通过包括涨薪、 ...

IPO市值将介于1600.41亿港元至1773.42亿港元。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 据 IPO早知道消息， 奇瑞汽车 股份有限公司 （以下简称 " 奇瑞 "）今日开启招股、至22日结束，并 计划于9月25日正式以"9973"为股票代码在港交所主板挂牌上市。 奇瑞计划在本次 IPO中发行 297,397,000股H 股。其中，香港公开发售 29,739,700股H股 ，国际发售 267,657,300股H股 。以每股 27.75港元至30.75港元的发行区间计算，奇瑞的IPO市值将介于1600.41 亿港元至1773.42亿港元。 值得注意的是， 奇瑞在本次发行中引入十余家基石投资者，累计认购约 5.87亿美元（45.725亿港 元），基石投资者包括混改基金、高瓴、景林、黄山建投、晶合集成、地平线、大家人寿、 Martis Fund 、国轩高科、 合肥建汇 、 中邮理财 、 星宇股份 等知名机构、产业链上下游企业以及地方政 府。 根据弗若斯特沙利文的资料，以 2024年全球乘用车销量计算， 成立于 1997年的 奇瑞 现已成为 中 国第二大自主 ...

Core Insights - The article discusses the transformation of SAIC-GM-Wuling in the era of new energy vehicles, emphasizing the importance of intelligent manufacturing and technological innovation in redefining production relationships and enhancing competitiveness [1][3]. Group 1: Company Overview - SAIC-GM-Wuling was established in 2002, evolving from a local state-owned enterprise to a modern company through strategic investments [3]. - As of August 2023, the cumulative sales of SAIC-GM-Wuling exceeded 1 million vehicles, with a year-on-year growth of 15%, and over 56% of these being new energy vehicles, surpassing the industry average [3][4]. Group 2: Technological Innovation - The company has been investing in new energy vehicles since a decade ago, collaborating with various academicians to achieve significant technological advancements [4]. - The "125" project aims to establish a comprehensive development framework for new energy vehicles, including one laboratory, two product groups of one million units each, and five hundred billion yuan industry clusters [4]. Group 3: Manufacturing Strategy - SAIC-GM-Wuling has pioneered an intelligent island-style manufacturing system, which allows for flexible production lines that can adapt to various vehicle models, significantly reducing costs and improving efficiency [5]. - The company emphasizes a collaborative approach with partners like Huawei, DJI, and CATL, focusing on co-creation rather than traditional buyer-supplier relationships [5][6]. Group 4: Export Strategy - The company ranks seventh among domestic brands in overseas market scale, with a target of exporting 500,000 vehicles annually [7][8]. - SAIC-GM-Wuling has established a manufacturing base in Indonesia, which has become profitable and serves as a key hub for expanding into Southeast Asian markets [8][9]. Group 5: Product Development - The upcoming Starry 730 model will feature a flexible chassis with options for fuel, pure electric, and hybrid power, catering to diverse customer needs [9][10]. - The company is also focusing on series production to balance traditional market demands with the transition to new energy vehicles [10]. Group 6: Corporate Social Responsibility - SAIC-GM-Wuling has initiated the "Benevolence Fund" to improve rural healthcare services, with a cumulative donation of 125.8 million yuan by 2025, benefiting over 10 million people [11]. - The company has engaged in various social initiatives, enhancing its corporate image and societal impact [11].

来源：环球网 【环球网科技综合报道】9月16日，豪华电动品牌AUDI首款战略车型——奥迪 E5 Sportback正式上 市。"奥迪 E5 Sportback是AUDI新品牌的首款车型。它绝不仅是一款车，更是一份宣言：无需在德系工 程技术传承与中国前沿数字创新之间再做妥协。它将AI赋能的智能座舱与高级驾驶辅助系统，无缝融 入奥迪一贯坚持的锐意进取、灵活驾控、豪华品质与安全之中。" 奥迪·上汽合作项目CEO宋斐明 （Fermín Soneira）表示："AUDI以中国速度前行，以突破科技启迪未来为品牌内核，始终坚守中国用 户所信赖的奥迪标准。" 外观方面，奥迪 E5 Sportback作为奥迪全新电动车设计语言在华的首发力作，通过五轮用户调研，融合 轿跑和瓦罐这两个奥迪经典车身形式，打造出极具未来感的造型，契合中国先锋新能源用户的追求。内 饰以结构化建筑美学为基调，采用清晰的横向分层布局，将天然实木材质与舒适科技有机融合。承袭奥 迪"灯厂"美誉，E5 Sportback采用"星钻光幕"设计，与空气动力学组件及传感器融合构成一体化科技格 栅。 智能交互方面，奥迪 E5 Sportback全新一代超感互动数智座舱集 ...

Core Viewpoint - Xiaomi's market share in BRICS countries reached 16.7% in the first half of the year, highlighting the company's growth potential in emerging markets [3][4] Group 1: Innovation and Technology - Xiaomi is leveraging AI to conduct over 10 million simulation tests to identify the optimal alloy formula for its automotive production, showcasing its commitment to integrating AI into manufacturing [4] - The company emphasizes the importance of innovation, smart empowerment, and green transformation for achieving high-quality development in the context of a new industrial revolution [3][7] Group 2: Global Collaboration and Market Expansion - Xiaomi aims to collaborate with partners in BRICS and other emerging markets to adapt product development, manufacturing, and services to local market needs, facilitating the local implementation of global technology [5] - The company is accelerating its international expansion, with plans to enter the home appliance market in Africa and Latin America this quarter [5] Group 3: Sustainable Development - Xiaomi has implemented renewable energy solutions, such as solar power, in its factories to create a green supply chain and enhance energy efficiency [7] - The company is developing its own electric vehicle, the SU7, which features a highly efficient motor and battery management system, achieving a power consumption of only 11.5 kWh per 100 kilometers [7]

Sales Performance - In August, FAW Toyota sold 70,125 new vehicles, with cumulative sales from January to August reaching 515,980 units, representing a year-on-year growth of 11% [1][2] Product Strategy - FAW Toyota emphasizes a customer-first approach by tailoring marketing strategies to regional user preferences, implementing a "one city, one strategy" and even "one vehicle, one strategy" approach [3] - The launch of the Avalon Exploration Edition in August targets the strong demand for sedans in central China, featuring a 2.0L efficient engine with a maximum power of 127 kW and a combined fuel consumption of only 6L per 100 km [3] Upcoming Events - The 2025 Chengdu Auto Show commenced at the end of August, where FAW Toyota showcased key models including the new bZ5 and the Prado Exploration Edition, highlighting the company's product layout and capabilities [5] New Product Launch - The bZ5 is a significant new product, being the first model developed by a Chinese team under Toyota's RCE system, marking the beginning of Toyota's localization strategy [7] - The bZ5 is positioned as "Toyota's Super Sensory Space Capsule," offering five core values: comprehensive aesthetics, safety, immersive intelligence, all-terrain driving assistance, and guaranteed quality [8] Customer Engagement - In September, FAW Toyota will celebrate its 22nd anniversary with a "22 Years of Gratitude" campaign, offering various rewards to both new and existing customers, covering all vehicle types and service processes [8] Future Outlook - With refined operations, competitive products, and ongoing customer engagement initiatives, FAW Toyota aims to create exceptional travel value for users, making future performance highly anticipated [10]

市卫健委健促处处长、市爱卫办副主任王彤介绍，急救技能普及率是衡量社会文明程度和公共卫生 应急能力的重要指标之一。一方面，上海市明确公共场所自动体外除颤器（AED）配置标准，推进 AED规划配置，搭建起硬件支撑的急救网络，今年，在居民小区和公共场所增配AED设备被纳入2025 年市政府为民办实事项目；另一方面，市卫健委聚焦公众急救能力培育，让更多市民掌握心肺复苏 （CPR）和AED使用的基本技能，能够在危急时刻挺身而出，成为守护生命的"第一反应人"，牢牢掌 握"黄金四分钟"的救援窗口，营造自救互救、互帮互助的社会风险治理文化，助力健康上海行动，助推 韧性城市高质量发展。 瑞金医院北院执行副院长、瑞金医院急诊科主任医师杨之涛介绍，目前我国院外心脏骤停的抢救成 功率不到1%，如果第一个发现患者心跳呼吸停止的市民能熟练掌握CPR和AED使用方法，很大程度上 可以挽救生命。"除了提升救治率，患者的神经功能损伤也能降到最低。为此，瑞金医院的急诊等相关 科室医护人员组成了一支队伍，从2008年开始至今已经培训了4000余名医务人员及普通公众，我们也希 望未来有更多市民愿意加入这项行动。" 记者 黄杨子 昨天，由上海市卫生健 ...

Market Overview - The Hang Seng Index faces resistance at 26,822 points, with recent agreements between China and the US easing trade tensions and expectations of interest rate cuts in the US due to weakening employment data [1][3] - The Hong Kong stock market remains active with a positive risk appetite, as capital rotates among different sectors [1] Short-term Sector Outlook - Focus on upcoming US Federal Reserve interest rate decisions and Hong Kong's Policy Address [2] Macro Focus - Chinese Premier Li Qiang supports increased R&D investment by enterprises and research institutions, emphasizing the need for core technology capabilities [3][9] - Nine Chinese departments have issued policies to expand service consumption and attract more inbound spending [3][9] - The People's Bank of China conducted a reverse repurchase operation of 287 billion yuan, maintaining a rate of 1.4% [9] - The national passenger car inventory decreased to 3.16 million units by the end of August [9] - The world's largest UHVDC project, the Tibet-Guangdong project, has commenced construction, expected to transmit over 43 billion kWh of clean energy annually [9] Company News - Tencent Holdings issued 9 billion yuan in bonds, with proceeds intended for general corporate purposes [11] - Chery Automobile is launching an IPO to raise up to 9.15 billion yuan, with funds allocated for R&D and market expansion [11] - Alibaba's founder Jack Ma is reportedly returning to the company, focusing on AI and competing in the food delivery market [11] - Alibaba's Lazada has integrated with Tmall, allowing merchants to easily enter Southeast Asian markets [11]