港股小鹏汽车持续走强，盘中涨幅一度超过15%，股价突破100港元关口。截至发稿，报106.1港元/股， 涨15.33%，成交额超45亿港元。 ...

新华社曼谷11月11日电 通讯｜中泰合作助力泰国新能源汽车人才培养 新华社记者高博 在泰国东北皇家理工大学的新能源汽车培训中心，30多名学生围在中国新能源汽车旁，专注地听教师素 帕措讲解如何检测新能源汽车故障。同时，故障诊断实训平台的大屏幕上用中文、泰语、英语等语言介 绍着知识要点。 素帕措告诉记者，该培训中心是泰国第一个新能源汽车培训基地，东北皇家理工大学也是泰国第一个开 设新能源汽车专业的大学。"广汽为培训基地和学校提供了车辆、检测设备和课程等方面支持，让学生 们能够更好地学习和操作。我也曾去广州培训进修，了解新能源汽车的前沿趋势。" 2024年11月，广汽与泰国东北皇家理工大学、泰国智乐国际教育集团以及腾讯共建的泰国首个专注于新 能源汽车人才培养的培训中心正式启用。 泰国东北皇家理工大学校长哥西·西布通表示，作为集理论学习、实践操作、技术研发为一体的综合性 平台，该培训中心致力于为泰国学生及汽车行业从业人员提供新能源汽车技术教育资源，自启用以来已 培训300多名大学生。 泰国是东南亚地区重要汽车生产国，正大力发展电动化，目标是到2030年电动汽车产量占全国汽车总产 量的30%。 责编：李磊、卢思宇 泰国 ...

Macro Environment - The current A-share market shows significant similarities to the 2020-2021 period, driven by policy-induced economic recovery, with GDP growth expected to reach over 5% in 2025[12] - In 2025, the domestic monetary and fiscal policies are consistent with those of early 2020, maintaining a loose stance to support market growth[13] - The consumer price index (CPI) in October 2025 increased by 0.2%, while the core CPI rose to 1.2%, indicating a gradual recovery in domestic demand[14] Industry Trends - The 2025 A-share market is experiencing structural characteristics similar to 2020-2021, with significant growth in sectors like AI, robotics, and new consumption, mirroring the previous focus on consumption, new energy, and semiconductors[2] - The new energy sector in 2025 is projected to see a net profit growth of 55.77% in the photovoltaic sector, with storage orders increasing by 131.75% year-on-year[17] - The TMT sector has seen a 43.80% increase in the index from January to November 2025, surpassing the 18.24% growth during the same period in 2020-2021[19] Market Dynamics - Daily trading volume in 2025 averaged approximately 1.68 trillion yuan, significantly higher than the 700 billion yuan in 2020, reflecting increased market activity[25] - The margin trading balance reached a historical high of over 2.5 trillion yuan by October 2025, up more than 47% from the end of 2021[25] - The current market phase is likened to the slow bull market of late 2020, with strategic funds guiding market entry, indicating a potential for continued upward movement[5] Risks and Considerations - Risks include the possibility that industry trends may not materialize as expected, and the anticipated scale of foreign capital inflow may be weaker than projected[53] - The commercial progress of technology sectors is uncertain, and the timing of overseas interest rate cuts remains unpredictable, which could impact market sentiment[53]

Core Insights - Lantu Automotive is preparing for the launch of its flagship SUV, Lantu Taishan, which aims to demonstrate its technological strength and market potential to the capital market [1] - The company has achieved an 82% year-on-year increase in cumulative deliveries in the first ten months of this year, reaching the milestone of 300,000 vehicles in just seven months [1] - Lantu Taishan is expected to redefine the high-end new energy SUV market with a focus on top-tier safety and genuine luxury [1][2] Product Development - Lantu Taishan features advanced safety measures, including a 500-line high-definition lidar system and the Lanhai super hybrid technology, utilizing an 800V platform and 5C fast charging [2] - The company emphasizes a dual approach of self-research and open collaboration, particularly with Huawei, to enhance user experience and product differentiation [3] - The product matrix will expand further into high-end SUVs, MPVs, and sedans with the launch of Lantu Taishan [3] Market Positioning - Lantu Automotive is positioned as a key player in Dongfeng Group's goal of achieving 1 million new energy vehicle sales this year, showcasing strong growth momentum [4] - The company is committed to long-term and high-quality development, focusing on mastering core technologies to drive industry chain development [4] - The upcoming launch of Lantu Taishan and the company's impending Hong Kong listing are expected to lead to a reshaping of the high-end hybrid market landscape [4]

Core Insights - Seres (stock code: 9927.HK) officially listed on the Hong Kong Stock Exchange on November 5, becoming the first luxury new energy vehicle company to achieve a dual listing in both A-share and H-share markets, marking a significant step in its international capital strategy [1][3] - The successful IPO is the largest by a Chinese car company to date and the largest globally since 2025, raising a net amount of HKD 14.016 billion through the issuance of 108.6 million shares [3] - The funds raised will be primarily invested in global product research and development, marketing services, channel construction, and necessary global production capacity [3] Company Strategy - Seres has committed to a "software-defined vehicle" technology route and a "user-defined vehicle" market orientation, focusing on high-end, intelligent, and green development [3] - The company has established a high-end product system through its partnership with Huawei, launching the AITO brand with models M5, M7, M8, and M9, which have collectively gained over 800,000 users [5] - The AITO M9 has been the best-selling model in the 500,000 RMB segment in China for 19 consecutive months, showcasing the brand's market strength [5] Future Outlook - The chairman of Seres, Zhang Xinghai, emphasized the company's commitment to exploring the industrial application of "artificial intelligence+" and transforming products into intelligent, safe, and reliable mobile companions [7] - The company aims to leverage its dual capital platform to enhance global competitiveness and influence, focusing on technological innovation and user experience as foundational elements for growth [7] - Seres is positioned to accelerate the global expansion of Chinese high-end new energy vehicle brands, reinforcing its status as a technology-driven enterprise [7]

Group 1 - Tesla's sales in October 2023 were the lowest in three years, with a total of 26,006 vehicles sold, representing a 63.64% month-over-month decline and a 35.76% year-over-year decline [1] - The brand ranking for Tesla dropped from 7th in September to 27th in October, with sales figures lower than the lowest month of February 2023 [1] - Model Y and Model 3 both experienced significant sales declines, with Model Y sales at 19,488 units (down 31,685 units from the previous month) and Model 3 sales at 6,518 units (down 13,834 units) [1] Group 2 - The decline in Tesla's sales may be related to factory holiday schedules, as October sales have historically seen significant drops compared to September [2] - In comparison to previous years, Tesla faced a larger month-over-month decline in October 2023, with sales down 34.20% from September 2023 [2] - The competitive landscape for electric vehicles has intensified, with other manufacturers like Xiaomi and BYD significantly increasing their sales, which has impacted Tesla's market share [3] Group 3 - Tesla's market share in the domestic electric vehicle market fell to 2% in October 2023, down from 3.4% in the same month last year and 5.5% in September 2023 [3] - The overall retail penetration rate for new energy vehicles in China reached 57.2% in October 2023, an increase of 4.3 percentage points year-over-year [3] - The wholesale sales of pure electric vehicles in China reached 1.02 million units in October 2023, showing a year-over-year growth of 31.6% and a month-over-month growth of 7.5% [3]

行情回顾 2.上市公司一周（11月3日-11月7日）行情梳理 新能源整车 | 代码 | 证券名称 | 收盘价(元) | | --- | --- | --- | | 000572.SZ | 海马汽车 | 9.9 | | 601238.SH | 广汽集团 | 8.0 | | 601633.SH | 长城汽车 | 22.78 | | 000625.SZ | 长安汽车 | 12.26 | | 600733.SH | 北汽蓝谷 | 8.13 | | 002594.SZ | 比亚迪 | 97.2 | | 600418.SH | 江淮汽车 | 46.95 | | 601127.SH | 赛力斯 | 138.57 | | 电机电控 | | --- | 1.新能源汽车相关板块一周行情梳理 同花顺数据显示，上周（11月3日-11月7日，下同），新能源汽车指数（885431.TI）周内上涨0.73%，跑输沪深300指数0.09%。其中，汽车相关板块中表现 最好的是汽车整车指数（881125.TI），周涨幅为0.73%。新能源车电池相关板块中表现最好的是充电桩指数（885461.TI），周涨幅为3.59%。 | 代码 | 证券名称 ...

Market Overview - The A-share market showed a decline with the Shanghai Composite Index down by 0.38%, the Shenzhen Component down by 0.52%, and the ChiNext Index down by 0.74% [3][4] - The total trading volume in the Shanghai and Shenzhen markets reached 1.26 trillion yuan, a decrease of 184.6 billion yuan compared to the previous trading day, with over 2900 stocks rising [4] Sector Performance - Key sectors that experienced declines include computing hardware, financial technology, coal, and consumer electronics, while sectors such as cultivated diamonds, photovoltaics, lithium batteries, and silicon energy showed activity [3][4] - The coal mining and processing sector fell by 2.03%, while the automotive sector saw a decline of 0.68% [7] Notable Stocks - In the pharmaceutical sector, anti-influenza stocks performed well, with Te Yi Pharmaceutical hitting the daily limit and Jin Dike rising over 10% [5] - In the semiconductor sector, storage chip stocks were active, with Shen Gong Co. hitting the daily limit and Jiang Bo Long rising over 8% following news of a significant price increase in NAND flash contracts by SanDisk [8] Market Sentiment - The market sentiment was generally negative, with nearly 2600 stocks declining, and the three major indices turning red early in the trading session [6][4] - The Hong Kong market saw a strong performance in new energy vehicle stocks, with Xiaopeng Motors rising over 14% [9] Policy and Regulatory Environment - The National Development and Reform Commission and the National Energy Administration released guidelines to promote the consumption and regulation of new energy, aiming to establish a new power system adaptable to high proportions of renewable energy by 2035 [10]

超感速7，奕触即发！11月10日，在东风奕派品牌发布两周年之际，全新"智美超能轿跑"eπ007+在大湾区创新之城深圳正式上市，限时焕新价13.99万元起。 11月30日前下定更可享超级置换补贴5000元、整车及三电终身质保、新车色限时免费等至高价值46800元的八重豪礼。 百万级体验触手可及，eπ007+专为年轻人而来 东风奕派eπ007+专为每一位悦己生活掌控者而来，集"性能驾控、超能智慧、高能颜值、全能品质"四大核心优势于一身，打造14万级唯一激光雷达四驱轿 跑，精准满足年轻人的进阶出行需求，全力为东风汽车年度新能源100万销量目标冲刺注入强劲动力。 东风奕派品牌成立两周年，最新力作高能登场 深圳，这座以创新为基因、以突破为底色的活力之城，堪称"中国速度"的生动写照。东风奕派选择在此开启全新篇章，正是因为与这座城市"敢为人先，向 快而行"的精神内核深度共鸣。 东风奕派的"速度"已深深融入品牌的发展脉络，回顾发展历程，东风奕派汽车科技公司总经理汪俊君表示："两年间，我们投放了4款全新产品，走入了20万 个家庭，成为大家的出行伙伴。我们快速建设超800家网络，让暖心服务在你身边。" 两载耕耘，东风奕派不仅以持 ...

Core Insights - Leap Motor is accelerating its transition towards high-quality and personalized vehicle offerings after achieving significant scale in production and delivery [1] - The company has launched the new model Lafa5, which emphasizes high performance and aesthetic appeal, alongside the flagship SUV D19 [1] Delivery and Sales Performance - In October, Leap Motor's total vehicle deliveries surpassed 70,000 units, reaching 70,289, representing a year-on-year increase of over 84% [1] - From January to October, nearly 470,000 vehicles were delivered, marking eight consecutive months of leading the new energy vehicle sector [1] Product Development and Features - The Lafa5 is positioned as a high-performance sports sedan, featuring the LEAP3.5 technology architecture and a range of advanced specifications [1][2] - The vehicle's design incorporates a "technology natural aesthetics" philosophy, with a width of 1,880mm and a drag coefficient of 0.256, enhancing aerodynamics and extending the range by 35km [2] - The interior features a super-oval digital curved design and a "magic expansion dock" for versatile user needs [3] Performance and Technology - The Lafa5 is equipped with a 160kW rear-mounted electric drive, achieving 0-100 km/h in 6.4 seconds, and offers a CLTC range of 605 km [4] - The vehicle utilizes advanced chip integration technology, improving power response speed by five times compared to traditional systems [4] - The intelligent cockpit includes a 14.6-inch central display and supports various AI functionalities, enhancing user interaction [4] Innovative Features - Leap Motor has introduced the "Leap Dynamic Sticker," allowing users to customize frequently used functions for quick access [5][6] - The vehicle is equipped with a 7.1 surround sound system, enhancing the audio experience for users [6]