Core Insights - The Zeekr 9X is set to launch on September 29, with the delivery of the "Selection Edition" beginning shortly after [1] - The Max and Ultra versions are expected to start deliveries, while the Hyper version will face delays due to supply chain resource allocation [1] - All Zeekr stores will have Zeekr 9X display vehicles, with shipments starting from September 17 and expected to be fully delivered by mid to late September [1] Product Specifications - The Zeekr 9X dimensions are 5239×2019/2029×1819mm, with a wheelbase of 3169mm [1] - The vehicle features the world's first dual NVIDIA Drive Thor-U chips and a 5-laser radar perception system [1] - It is equipped with the Qianli Haohan H9 advanced driver assistance system [1]

中国发展网讯 记者潘晓娟报道 促进先进制造业和现代服务业深度融合已成为加快构建新发展格局的迫 切需求。9月12日，2025服贸会"科技创新和产业创新融合推动新质生产力发展"专题论坛上，中关村产 业研究院首次发布两业融合"北京模式"10大典型案例立足实际，采用了各具特色的发展模式，共同展现 了北京在推动跨界融合、激发创新活力方面的实践成果，也提供了兼具创新性、实效性和可复制性的两 业融合样本。 "软件服务＋硬件制造+生态链协同"的融合发展模式中，小米集团通过搭建供应链信息集成服务平台、 消费电子工业品集采平台等，与产业链企业共享产品的设计理念、研发模式、厂商资源，将制造业与服 务业深度嵌套，形成互为促进的联动生态。 "设备研发+生产制造+系统解决方案"融合发展模式中，雪迪龙（002658）聚焦环保监测、碳排放、科 学仪器等领域，延伸搭建"端+云+数据应用"的业务模式，提供"智能装备+智慧运维+数智应用"三智一 体的综合解决方案，培育了"碳监测与碳管理综合服务"新业态。 "人工智能+（管理、制造）决策"的融合发展模式中，杉数科技通过搭建工业智能制造、消费智能运营 等新一代智能决策技术体系，将决策科学与优化技术应用 ...

Core Insights - The program showcased the transformative impact of the Intelligent Island Manufacturing System (I²MS) at SAIC-GM-Wuling, highlighting the company's new image in the era of electrification and intelligence [1][4] - The Baojun Huajing S, a new flagship six-seat SUV, is the first model resulting from the deepened collaboration between SAIC-GM-Wuling and Huawei, integrating advanced technologies for enhanced user experience [1][3] Group 1: Intelligent Manufacturing System (I²MS) - The I²MS incorporates digitalization, automation, 5G industrial internet, and artificial intelligence, with 16 modular and flexible "smart islands" established [3] - The system achieves a 50% automation rate in assembly, with production efficiency increased by 30% and logistics efficiency improved by 80% [3] - It supports the simultaneous production of over 20 different vehicle models and ensures 100% traceability of product lifecycle data [3] Group 2: Technological Innovation and Testing - The Guangxi New Energy Vehicle Laboratory, led by SAIC-GM-Wuling, has established 22 sub-laboratories to facilitate the transition of cutting-edge technologies from the lab to the market [4] - The vehicle testing ground spans 1,000 acres and features 65 types of typical road surfaces to simulate real driving conditions, enhancing product reliability and comfort [4] - The company emphasizes innovation as a driving force for transformation, adhering to the principle of producing what the people need [4]

Core Insights - The program showcased the transformative changes brought by SAIC-GM-Wuling's Intelligent Island Manufacturing System (I²MS) and its new image in the era of electrification and intelligence [1] - The Baojun Huajing S, a new flagship six-seat SUV, is undergoing NVH testing to enhance user comfort, marking the first model resulting from the deepened collaboration between SAIC-GM-Wuling and Huawei in the "three intelligences" (assisted driving, intelligent cockpit, intelligent manufacturing) [1][3] - The I²MS integrates advanced technologies such as digitalization, automation, 5G industrial internet, and artificial intelligence, achieving significant production efficiency and flexibility [3][4] Group 1 - The Intelligent Island Manufacturing System (I²MS) has established 16 modular and flexible "smart islands," enabling six major innovations including decoupled processes and adaptive production capacity [3] - The system has achieved a 50% automation rate in assembly, with production efficiency increased by 30% and logistics efficiency improved by 80%, supporting the simultaneous production of over 20 different vehicle models [3] - The I²MS ensures 100% traceability of product lifecycle data, enhancing overall manufacturing quality and reliability [3] Group 2 - The innovation of the I²MS is supported by the Guangxi New Energy Vehicle Laboratory, which has established 22 sub-laboratories to promote cutting-edge technologies from the lab to the market [4] - The vehicle testing ground spans 1,000 acres and features 65 types of typical road surfaces to simulate various driving environments, ensuring product reliability and user safety [4] - SAIC-GM-Wuling adheres to the principle of producing what the people need, driving self-transformation through innovation [4]

9月17日，据报道，福特汽车将于2026年初在德国科隆厂裁员1000人。（中国汽车报） ...

Core Viewpoint - The CEO of Li Auto announced the launch of the Li Xiang i6, highlighting its new features aimed at young car owners, including a factory-installed tow hitch that enhances recreational activities [1] Group 1 - The introduction of the tow hitch allows Li Xiang i6 owners to engage in new lifestyle activities, such as biking and camping, thereby expanding their recreational options [1] - The design of the Li Xiang i6 incorporates elements that appeal to younger consumers, reinforcing the company's commitment to creating a "mobile home" for its users [1] - The company aims to deliver the first batch of vehicles immediately after the launch event, allowing early adopters to enjoy their new cars during the National Day holiday [1]

Core Viewpoint - Li Auto's stock price increased by over 4%, reaching HKD 104.4, with a trading volume of HKD 2.401 billion, following the announcement of the launch date for the Li Auto i6 electric SUV on September 26 [1] Group 1: Product Launch and Pricing Strategy - The Li Auto i6 is set to be the company's second pure electric SUV, with a significant emphasis on its upcoming launch [1] - Morgan Stanley suggests a more aggressive pricing strategy for the i6, recommending a price range of RMB 200,000 to RMB 250,000, down from the previously estimated RMB 250,000 to RMB 300,000 [1] - Analysts believe that Li Auto must choose between maintaining a 20% gross margin and achieving a monthly sales target of 20,000 units [1] Group 2: Future Product Line and Market Potential - Changjiang Securities indicates that Li Auto has a clear plan for future models and is expanding its direct sales channels, suggesting significant sales potential ahead [1] - The company is expected to accelerate the launch of high-pressure pure electric products in the second half of the year, with the Li Auto i8 already launched in July and the i6 set to launch in September [1] - Li Auto's product lineup will include four range-extended electric SUVs, one flagship MPV, and two high-pressure pure electric SUVs, indicating a strong new vehicle cycle that will enhance the company's sales capacity [1]

Core Viewpoint - The Swiss National Bank (SNB) has become a significant player in the tech stock market, with a U.S. equity portfolio valued at $167 billion, nearly one-fifth of Switzerland's GDP, covering over 2,300 listed companies [1] Group 1: Investment Strategy - The SNB's investment in major tech companies, including Apple, Microsoft, Amazon, Meta, Nvidia, Alphabet, and Tesla, accounts for $51.6 billion of its portfolio, with Nvidia alone exceeding $11 billion [1] - The SNB's balance sheet has expanded to $855 billion, positioning it alongside sovereign wealth funds from countries like Singapore and Qatar [1] - The SNB employs a unique strategy of regularly selling Swiss francs and buying foreign currencies to manage the appreciation of the Swiss franc, which is often seen as a safe-haven currency [2][4] Group 2: Market Position and Flexibility - Approximately 87% of the SNB's assets are in foreign currencies, including two-thirds in government bonds, 10% in corporate bonds, and 25% in stocks [6] - The SNB has shown flexibility in its investment approach, having established a position of over $2 billion in Berkshire Hathaway by 2025, despite not holding any shares in 2023 [6] - The SNB significantly increased its holdings in Nvidia, with the number of shares growing over sixfold in two years, leading to a 175% increase in value from March 2023 to March 2025 [8] Group 3: Risks and Challenges - The SNB has faced substantial losses due to asset price corrections and currency fluctuations, with a reported loss of 15.3 billion Swiss francs (approximately $19.5 billion) in the first half of the year due to a weakening dollar [9] - Discussions have arisen regarding the potential outsourcing of some assets to professional management for higher returns, although many economists believe the current system remains advantageous [9] - The SNB's ability to quickly mobilize foreign currency assets to manage inflation pressures post-COVID-19 highlights the importance of maintaining liquidity and flexibility in its investment strategy [9]

平安观点： 公司具备覆盖全场景的混合动力解决方案。公司的Hi4 混动技术体系包含智能四驱电混架构Hi4、越野 超级混动架构Hi4-T、泛越野超级混动架构Hi4-Z、智能混动重卡Hi4-G 四大技术分支，涵盖乘用车及长 途干线物流商用车、覆盖从城市到越野等各类用车场景。 高阶智能辅助驾驶迈入端到端2.0 时代。公司是较早入局AI 智能辅助驾驶的车企，基于无图城区领航辅 助驾驶的持续迭代，VLA(视觉-语言-动作)模型即将搭载，当前定位于高端家用的魏牌全系标配高阶辅 助驾驶功能，定位于高端越野的坦克品牌也将在高阶智能辅助驾驶的赋能下持续扩圈。 坦克品牌快速扩圈，面向更广用户群体。坦克品牌所处细分赛道用户粘性强、主销车型保值率高，长城 汽车坦克品牌的成功筑牢了公司在越野领域的护城河。通过Hi4-Z 技术及智能化技术加持，坦克品牌有 望从小众走向大众，应用场景的多元化将带来更广阔的想象空间。 魏牌旗舰SUV 即将上市，直营体系护航。魏牌成立以来经历了多轮产品周期，2025 年6 月销量重回万 台。基于Hi4 性能版混动系统及高阶智能辅助驾驶，公司将继续扩展家用高端SUV 的产品矩阵，基于下 一代全动力智能超级平台的旗 ...

每日晨报│2025 年 9 月 17 日 | | | 主要市场指数表现 | | 收市价 | 上个交易日升 | YTD 升跌 | | --- | --- | --- | --- | | 恒生指数 | 26,438 | -0.03% | +31.80% | | 恒生科技指数 | 6,077 | +0.56% | +36.02% | | 国企指数 | 9,386 | +0.02% | +28.76% | | 沪深 300 | 4,523 | -0.21% | +14.95% | | 上证综合指数 | 3,861 | +0.04% | +15.22% | | 深证成份指数 | 13,063 | +0.45% | +25.44% | | 中小板指 | 7,963 | +0.30% | +24.78% | | 道琼斯指数 | 45,757 | -0.27% | +7.55% | | 标普 500 指数 | 6,606 | -0.13% | +12.33% | | 纳斯达克指数 | 22,333 | -0.07% | +15.66% | | 伦敦富时指数 | 9,195 | -0.88% | +12.51% | | CAC ...