Core Viewpoint - The company reported strong financial performance in Q3 2025, with significant growth in revenue and net profit, driven by innovative business segments like smart cars and AI [4]. Group 1: Financial Performance - Q3 2025 revenue reached 113.1 billion yuan, representing a year-over-year increase of 22.3% but a quarter-over-quarter decrease of 2.4% [4]. - Non-IFRS net profit for Q3 2025 was 11.3 billion yuan, up 80.9% year-over-year and 4.4% quarter-over-quarter, with a corresponding net profit margin of 10% [4]. Group 2: Smartphone Business - Revenue from smartphone sales in Q3 2025 was 46 billion yuan, down 3.1% year-over-year but up 1% quarter-over-quarter [5]. - The company shipped 43.3 million smartphones, achieving a slight year-over-year increase of 0.5%, maintaining a top-three global market share for 21 consecutive quarters [5]. - The average selling price (ASP) of smartphones decreased to 1,062.8 yuan, down 3.6% year-over-year and 1% quarter-over-quarter, primarily due to declining ASP in overseas markets [5]. - Smartphone gross margin was 11.1%, a decrease of 0.6 percentage points year-over-year and 0.4 percentage points quarter-over-quarter, impacted by rising core component prices and intensified competition in mainland China [5]. Group 3: IoT Business - IoT revenue for Q3 2025 was 27.6 billion yuan, reflecting a year-over-year increase of 5.6% but a significant quarter-over-quarter decline of 28.8% [6]. - The gross margin for IoT improved to 23.9%, up 3.1 percentage points year-over-year and 1.4 percentage points quarter-over-quarter, driven by higher sales of high-margin products [6]. - The company faces challenges in the IoT segment due to seasonal fluctuations and increased competition, with future strategies focusing on international expansion and product positioning [6]. Group 4: Internet Advertising - Internet revenue reached 9.4 billion yuan in Q3 2025, a year-over-year increase of 10.8% and a quarter-over-quarter increase of 3.1%, marking a historical high [7]. - The number of global monthly active users reached 742 million, up 8.2% year-over-year [7]. - Advertising revenue grew by 17.4% year-over-year to 7.2 billion yuan, with overseas internet revenue also increasing by 19.1% to 3.3 billion yuan, both achieving historical highs [8]. Group 5: Automotive Business - Revenue from automotive and innovative businesses was 29 billion yuan in Q3 2025, a year-over-year increase of 199.2% and a quarter-over-quarter increase of 36.4% [9]. - The company delivered 109,000 vehicles, with an ASP of 260,000 yuan, benefiting from high ASP models like Xiaomi YU7 and SU7 Ultra [9]. - The automotive segment achieved a gross margin of 25.5% and recorded a positive operating profit of 700 million yuan for the first time in a single quarter [9].

Core Insights - Huawei has officially launched its new smart car brand "Jing" series, which includes the "Qijing" and "Yijing" models, complementing the existing "Jie" series, marking a significant expansion in Huawei's automotive ecosystem [1][4] - The "Gankun" brand, introduced by Huawei, focuses on smart driving solutions and includes products like the Gankun Intelligent Driving System and Gankun Digital Platform [1] - The CEO of Qijing announced plans to release an SUV and a sedan by mid-next year, both equipped with Huawei's L3 autonomous driving system [1] Market Performance - From January to September 2025, new car sales in China with urban navigation assistance reached 1.628 million units, with Huawei's Gankun solutions capturing a market share of 27.8% [2] - In the luxury car segment priced above 350,000 yuan, Huawei's Gankun solutions account for 53%, indicating strong penetration in the high-end market [2] - In October alone, sales of models equipped with Gankun Intelligent Driving exceeded 100,000 units [2] R&D Investment - Huawei has invested over 50 billion yuan in the overall development of Gankun Intelligent Driving, with an expected investment of over 10 billion yuan in the car business unit in 2024 [3] - The R&D investment for ADS 5 has reached 10 billion yuan, showcasing Huawei's commitment to building a technological "moat" through intensive and comprehensive self-research [3] Strategic Partnerships - The collaboration between Dongfeng and Huawei is characterized by significant investment, with both companies forming a dedicated team to support the development of the new brands [4] - The "Yijing" brand is positioned as a high-end smart car brand, with its first model set to debut at the Beijing Auto Show next year, maintaining an annual launch schedule for new models [3] Ecosystem Expansion - Huawei's automotive business has transitioned from initial exploration to a phase of scaling up, with its models covering a wide price range from tens of thousands to over a million yuan [4] - Major state-owned car manufacturers and companies like BYD are increasingly adopting Huawei's Gankun Intelligent Driving solutions, indicating a growing ecosystem [4]

11月20日，2025华为乾崑生态大会在广州落幕，这场由华为乾崑联合央视新闻举办、以"乾崑生态共赴 热爱"为主题的大会，恰逢智能汽车产业从单车智能转向场景生态的关键节点。 据了解，ADS 4 Max超阶版新增的eAES 2.0功能，能在侧向来车挤压时主动躲闪，甚至在高速爆胎后还 能安全靠边停车。该版本将于2026年一季度开启OTA，推送城区全场景领航辅助（NCA）功能，覆盖 20多款车型。靳玉志在会上宣布，华为乾崑正在北上广深、合肥、武汉、重庆等城市进行高速L3的路 测工作，为高速L3的正式商用做最后的冲刺准备。 技术领先的背后，是真金白银的投入。"乾崑智驾累计研发投入已超500亿元，2024年车BU投入就超100 亿元。"靳玉志透露，华为在AI三要素上的压强式投入已见成效：云端算力达45EFLOPS，高质量训练 里程破10亿公里，模型迭代提速至4天/次。 市场数据印证了技术价值：2025年10月，搭载乾崑智驾的车型销量已突破10万辆，今年前9个月，城区 领航辅助市占率达27.8%，35万元以上豪华车型市占率更是过半。可以说，每卖2辆豪华智驾车，就有1 辆采用乾崑技术。 智能座舱的升级同样贴近用户需求。鸿蒙座 ...

Core Viewpoint - Huawei's Executive Director, Yu Chengdong, announced that the first MPV of the HarmonyOS Smart Driving will officially launch, potentially under the Zhijie brand, featuring advanced technology and dual power options [1] Group 1 - The new MPV is built on a high-end platform and will include a "pure HarmonyOS" cockpit and an ADS high-level intelligent driving system [1] - The vehicle will offer both pure electric and range-extended power options [1] - Yu Chengdong claimed that the new vehicle will surpass all existing MPVs on the market [1]

【#一汽红旗确认与华为合作#】在今晚的华为乾崑生态大会上，华为智能汽车解决方案 BU CEO 靳玉 志介绍了华为乾崑的合作伙伴，一汽红旗正式确认与华为达成合作。#华为宣布鸿蒙座舱率先进入L3时 代# 据此前智通财经报道，一汽红旗将于明年推出采用华为全栈解决方案的车型，功能包括乾崑智驾、鸿蒙 座舱、乾崑车控、乾崑车云服务等。 ...

华为汽车大消息，"境"系列智能汽车品牌来了，与此前的"界"系列构成"境界"二字。 11月20日晚，华为乾崑生态大会上，华为正式发布华为乾崑分别与广汽、东风两大车企打造的全新智能 汽车品牌启境、奕境，标志着华为除"界"系列智能汽车品牌外，华为另一智能汽车生态品牌"境"系列正 式启动和面市，这两大系列智能汽车品牌分别由华为终端BG、华为车BU（华为智能汽车解决方案事业 部）联合汽车生态伙伴打造。 "目前，华为乾崑智驾整体研发投入已超500亿元，2024年华为车BU的研发投入超100亿元，现在对ADS 5的研发投入已达100亿元。"靳玉志表示，通过"压强式研发"和"全栈自研"，华为乾崑构筑了技术"护城 河"。 东风奕派汽车科技公司总经理汪俊君在现场表示，这是首个由汽车央企与科技巨头共同打造的全新汽车 品牌。奕境首款车型将于明年北京车展对外亮相，后续将保持每年一款新车的推出节奏。 "东风对于华为的合作毫无保留，双方合作一个团队投入上百亿元。"汪俊君说。 值得一提的是，本次大会上，除启境、奕境等新品牌亮相外，鸿蒙智行的"五界"，还有阿维塔、猛士、 深蓝、奥迪等等品牌负责人也齐聚一堂。 启境CEO刘嘉铭在会上透露，启境将 ...

Core Insights - Huawei's QianKun ecosystem conference showcased new automotive brands "Qijing" and "Yijing," developed in collaboration with GAC and Dongfeng, indicating a potential new cooperative model in the automotive industry [1][6]. Group 1: Brand Development - The "Qijing" brand, in partnership with GAC, plans to launch two models by June 2026, with the first being a coupe [6]. - The "Yijing" brand, developed with Dongfeng, will unveil its first model at the Beijing Auto Show in April 2026, with at least one new model expected annually thereafter [6]. Group 2: Technological Advancements - Huawei's QianKun has achieved over 100,000 units sold in October for models equipped with QianKun intelligent driving technology [4]. - The introduction of Huawei ADS Pro will feature the Limera sensor, enhancing urban navigation capabilities and set to be available in models priced from 150,000 to 1 million yuan [4]. Group 3: Strategic Collaborations - Huawei has established partnerships with 14 automotive companies, with 33 production models launched, covering various powertrain types [3]. - The collaboration with Avita has evolved to a new HI Plus model, expanding the scope of cooperation in product development and marketing [7].

Core Insights - Huawei QianKun officially launched the "Qijing" brand in collaboration with GAC Group, marking a shift in its automotive intelligence strategy from isolated breakthroughs to a comprehensive ecosystem approach [1] - The introduction of the "Yijing" brand by Dongfeng Motor simultaneously highlights the growing trend of smart vehicle integration in the automotive industry [1] Market Dynamics - The global smart vehicle market is undergoing significant transformation, with the penetration rate of new energy vehicles exceeding 48% and expected to surpass 50% by 2025 [3] - The installation rate of L2 and above advanced driver-assistance systems (ADAS) in new energy passenger vehicles reached 77.8% in the first four months of this year, indicating a strong consumer demand for smart features [3] - 71.9% of consumers prioritize smart cockpit features when purchasing vehicles, while 69.3% focus on in-car interaction experiences [3] Competitive Landscape - The Chinese automotive industry faces urgent challenges in maintaining its competitive edge in smart technology, as other countries are also advancing in core intelligent technologies [4] - The development paths for smart technology in China include focusing on higher-level autonomous driving and shifting core competencies towards AI and smart solutions [4] Strategic Partnerships - The "Jing" series brands represent a critical link in Huawei QianKun's transition from technology to commercial application, allowing automotive partners to define branding and product design while Huawei provides core technology [7] - This partnership model reduces the barriers for traditional automakers to embrace smart technology, facilitating a collaborative approach to innovation [9] Technological Integration - Huawei's approach emphasizes a unified technology base, allowing automakers to focus on their strengths while leveraging Huawei's advanced solutions [10][11] - The collaboration aims to enhance the competitive capabilities of automakers by providing them with essential technological support and methodologies [10][11] Consumer Impact - The introduction of the "Jing" series is expected to enhance market recognition and consumer trust, enabling brands to achieve sales breakthroughs [13] - The anticipated launch of GAC's "Qijing" and Dongfeng's "Yijing" models will incorporate Huawei's intelligent solutions, potentially increasing product value and consumer satisfaction [15] Ecosystem Development - The "Jing" and "Jie" brands represent a strategic expansion of Huawei QianKun's market coverage, allowing for a more granular approach to consumer needs [17] - The dual-brand strategy aims to create a comprehensive ecosystem that supports various market segments and enhances the overall user experience [25] Future Outlook - Huawei QianKun's strategy is designed to maximize the value of its technological investments, with a projected R&D expenditure of over 100 billion in 2024 alone [15] - The cumulative mileage of 58.11 billion kilometers from various models demonstrates the effectiveness of Huawei's technology and its potential to accelerate the industry's shift towards smart connectivity [22]

Core Insights - Huawei is building a robust smart connected vehicle ecosystem through its "QianKun" intelligent automotive solution, without manufacturing cars itself [1] - The "2025 Huawei QianKun Ecosystem Conference" showcased new brands like "Yijing" and "Qijing," alongside existing partnerships with brands such as Avita and Audi, enhancing Huawei's automotive ecosystem [1] - Huawei's QianKun intelligent driving solution has captured over 50% market share in the high-end segment priced above 350,000 yuan, with cumulative assisted driving mileage exceeding 5.8 billion kilometers [1][7] Market Performance - As of October, Huawei's QianKun intelligent driving system (ADS) has become the preferred choice for users, with key metrics leading the domestic market: 5.81 billion kilometers of assisted driving, 20 million instances of parking assistance, and a monthly active user rate of 95.2% [7] - The market share for urban navigation assistance (NCA) in the ADS segment reached 27.8%, surpassing the combined share of the second and third competitors, while the share in the luxury segment (over 350,000 yuan) stands at 52.7% [7] Product Development - Huawei's QianKun ADS Pro's urban navigation assistance feature will be available for models priced at 150,000 yuan and above starting in 2024, with over 20 new models expected to support this feature [8] - The new brand "Yijing," developed in collaboration with Dongfeng Motor, was officially announced at the conference, with the first model set to debut at the Beijing Auto Show in April 2024 [10][11] Strategic Partnerships - The partnership between Huawei and Dongfeng, which has lasted 15 years, aims to create a vehicle that exceeds user expectations and integrates seamlessly into daily life [10] - The "Qijing" brand, developed in collaboration with GAC Group, is positioned as a high-end smart electric vehicle brand, with two models expected to launch in 2026 [11]

Core Insights - The article discusses the launch of the "Qijing" brand by Huawei QianKun in collaboration with GAC Group, marking a shift in Huawei's automotive strategy from isolated breakthroughs to a comprehensive ecosystem approach [1] - The global smart vehicle market is undergoing significant transformation, with the penetration rate of new energy vehicles exceeding 48% and expected to surpass 50% by 2025 [2][3] - Consumer demand for intelligent features such as smart cockpits and advanced driver assistance systems (ADAS) is surging, with 71.9% of users prioritizing smart cockpits in their purchasing decisions [2][3] Market Dynamics - The Chinese automotive market, with annual sales exceeding 20 million vehicles and a vehicle ownership of 450 million, presents vast opportunities for smart driving technology [3] - The need for advanced technology is critical, as highlighted by industry experts who emphasize the urgency for Chinese automakers to enhance their competitive edge in smart driving and AI [4][5] Technological Collaboration - The "Qijing" brand represents a strategic partnership where car manufacturers define branding and product design, while Huawei focuses on providing core technology and comprehensive smart vehicle solutions [9][11] - This collaboration lowers the barriers for traditional automakers to embrace smart technology, allowing them to concentrate on their strengths while leveraging Huawei's expertise [11][13] R&D Investment - Huawei QianKun's significant R&D investment, projected to exceed 100 billion in 2024, aims to maximize the value of its technological advancements through large-scale applications [18][27] - The first products under the "Qijing" brand are expected to launch in mid-2026, showcasing Huawei's technology in smart solutions [18] Ecosystem Development - The introduction of the "Qijing" and "Yijing" brands signifies a shift from enterprise-level competition to ecosystem-level expansion, with Huawei positioning itself as a key player in the smart vehicle industry [24][30] - The dual-brand strategy allows for a broader market reach and the establishment of a unified technology base, facilitating diverse cooperation models among automakers [20][31] Consumer Experience - The "Qijing" series promises a consistent user experience across different brands, enhancing consumer trust and simplifying decision-making in vehicle purchases [27][28] - The integration of Huawei's OTA capabilities ensures that vehicles remain updated with new features, increasing their lifecycle value and user engagement [27][28]