重启合作以来，广汽与华为正以更深度的绑定姿态加速向前。 近日，《国际金融报》记者独家获悉，双方联合打造的"启境"品牌旗下新车已确定上市时间表，两款定位30万元级的高端车型将于明年分季度推出， 其中中大型纯电轿车率先一步计划于明年二季度上市，首款SUV则于第三季度上市。 双方合作加速的最直观体现是今年6月的一次拜访。彼时，广汽集团董事长冯兴亚赴深圳拜访华为董事长任正非。随后，为推进相关战略部署，华为 轮值董事长徐直军又亲赴广汽团队深入交流。 孙婉秋 摄 两款车型动力形式涵盖纯电与增程，目标是凭借"广汽制造+华为智能"的组合，争取抢占30万元新能源市场的一席之地。 作为一场阔别两年多的复合，早在2021年广汽和华为便高调启动AH8项目，计划联合开发中大型纯电SUV。然而没等到产品上市，2023年3月广汽突 然宣布改为自主开发，华为退居供应商角色。 随后因为与赛力斯合作成功打造了问界，华为成为车企转型过程中的理想合作伙伴，橄榄枝纷至沓来。 而行业巨变下的广汽则经历着转型的阵痛，销量和业绩承压之下，广汽在2024年主动求变，将刀口向内，启动三年"番禺行动"。 此基础下，双方再度牵手，节奏推进的高效而坚决。 去年11月 ...

1 、 国新办将于 9 月 22 日下午 3 时举行 " 高质量完成 ' 十四五 ' 规划 " 系列主题新闻发布会，请央行行长潘功胜，金融监管总局局长李云泽，证监会主 席吴清，央行副行长、国家外汇局局长朱鹤新介绍 " 十四五 " 时期金融业发展成就，并答记者问。 值得注意的是，这将是金融监管部门一把手继今年 5 月 7 日在国新办介绍 " 一揽子金融政策支持稳定市场稳预期 " 后，再次集体亮相，而资本市场发展预计将成为核心议题之一。 2 、 伯克希尔的一位发言人证实，其比亚迪的全部持仓确实已被出售。 这笔投资起始于 2008 年，当时在查理 ・ 芒格极力推动下，伯克希尔旗下中美能 源公司以 2.3 亿美元认购比亚迪 2.25 亿股，占比 9.89% 。在持有比亚迪股份的 17 年间，比亚迪股价涨幅约达 3890% ，为伯克希尔带来了极为丰厚的盈 利。 1 、国务院总理李强会见来华访问的美国国会众议员代表团史密斯一行。 李强指出，中美应当做携手发展的伙伴，真诚相待、相互赋能、彼此成就。 中 方愿同美方本着平等、尊重、互惠的精神，通过沟通解决各自关切。希望美国国会为两国友好和共同发展发挥建设性作用。 2 、中国科 ...

ET9地平线特别版双色车身设计，灵感源自蔚来Logo寓意，上半部分承载天空与愿景，下半部分锚定大 地与行动，天地双色完美交融，大气磅礴。集旗舰美学、精湛工艺与顶尖科技于一体，ET9地平线特别 版是融汇天地之美的设计旗舰、技术旗舰、行政旗舰，为拥有个性审美和格调品位、敢于突破传统束缚 的创新引领者们而来，致敬他们的"敢想，有为"。 NIO Day 2025上，蔚来宣布全场景科技旗舰SUV——全新ES8正式上市，六座行政豪华版售价40.68万元 起，采用BaaS电池租用方式购买，售价29.88万元起；六座行政签名版售价44.68万元起，采用BaaS电池 租用方式购买，售价33.88万元起。七座行政豪华版售价40.68万元起，采用BaaS电池租用方式购买，售 价29.88万元起。 蔚来ES8是中国纯电大三排SUV的开创者，第三代蔚来ES8是首款完成了三代迭代的智能电动汽车产 品，凝聚了蔚来十年技术创新心血，将引领高端大三排SUV进入纯电时代。 本届NIO Day上，蔚来宣布智能电动行政旗舰——蔚来ET9地平线特别版正式上市，售价81.80万元起， 采用BaaS电池租用方式购买，售价71.00万元起。ET9地平线特别 ...

新浪科技讯 9月21日中午消息，在蔚来NIO Day 2025上，蔚来创始人、董事长、CEO李斌，蔚来联合创 始人、总裁秦力洪与媒体对话。 责任编辑：韦子蓉 此次全新蔚来ES8整车购买40.86万元起，电池租用方案29.88万元起。谈及定价，李斌表示，上一代车 型定价较高主要是电池和新技术的成本比较高，这两年技术进步、管理效率的提升、规模的扩大，把很 多成本拉下来了。40.86万元起的定价还有很好的毛利，也回到了比较合理的区间，这个定价不是从价 格战的角度考虑，让蔚来品牌入位了，三个品牌的价格区间也更清晰了。"不用担心我们不赚钱，还是 有合理的毛利。" ...

新浪科技讯 9月20日晚间消息，在今日的蔚来NIO Day 2025上，蔚来创始人、董事长、CEO李斌发表演 讲。 全新蔚来ES8配备全域900V高压架构，标配102度电池，CLTC续航达635km。配备神行智享底盘，标配 智能双腔空气悬架+最新一代采埃孚外置阀CDC，4D全域舒适领航新增车道级感知能力。 售价方面，全新蔚来ES8整车购买价40.68万元起，电池租用方式购买价29.88万元起，提供7座行政豪华 版、6座行政豪华版、6座行政签名版三个版型，9月21日起将在全国正式开启交付。 责任编辑：李铁民 会上，全新蔚来ES8正式上市，定位全场景科技旗舰SUV。搭载天琴沉浸声音响系统，采用8.1.4.2声学 布局，27扬声器峰值功率4082W，功放算力达到6G。首发Dirac RRAM超境临场，还原传奇录音室、巅 峰现场、金色音乐厅的声场环境。车规级21.4英寸mini-LED天空屏，实时调度全车1600万色动态氛围 灯。 李斌称，全新蔚来ES8乘员舱纵向乘坐空间和第二排腿部空间均为同级第一，每一排的头部空间、肩部 空间都做到同级最大。同级最大547升后备厢空间、230升超大感应式电动前备舱，可以媲美主流MP ...

新浪科技讯 9月20日晚间消息，在今日的蔚来NIO Day 2025上，蔚来创始人、董事长、CEO李斌发表演 讲。 会上，全新蔚来ES8正式发布，定位全场景科技旗舰SUV。李斌表示，全新蔚来ES8在过去一个月里广 受关注，市场表现超越预期。用户的选择和市场数据，已经显示出增程大三排SUV的黄金时代正在过 去，纯电大三排SUV的时代正在到来。这一市场趋势背后的原因，是充换电网络的建设和纯电技术的发 展，正在从量变到质变。过去十年，蔚来在充换电领域累计投入超过180亿元，累计研发投入超过600亿 元。 在提到全新蔚来ES8的内部空间时，他表示达到了主流MPV的水平，"6人12箱无压力，座座都是MVP， MPV可平替"，他说。 责任编辑：李铁民 ...

Group 1 - The automotive market is experiencing a surge in new vehicle launches, with nearly 40 new models expected in September 2023, compared to 17 in the same month of 2024, indicating a significant increase in activity [1] - September 17 alone saw the launch of five new electric vehicle models, including the 2025 Mercedes-Benz EQS and the new Chery Fengyun X3L, highlighting the trend towards electric vehicles [1] - The Chinese government has been supporting the electric vehicle industry by exempting vehicle purchase tax since 2014, with 2023 being the last year for full exemption, and a gradual reduction in tax for 2026 and 2027 [1] Group 2 - Automakers are under pressure to meet annual sales targets, with Geely and BYD leading in completion rates at 63% and 62% respectively, while others like BAIC are struggling at 36% [2] - New energy vehicle brands such as XPeng and Li Auto have shown higher completion rates, while brands like NIO and Zeekr face significant sales challenges with rates below 40% [2] - In response to market pressures, several automakers have introduced promotional strategies, including Tesla's price cuts and financing offers, to stimulate sales [2] Group 3 - Over 20 provinces and cities in China have launched regional purchase subsidies in September, creating a layered subsidy effect to encourage vehicle purchases [3] - For example, Guangxi province has initiated a vehicle purchase subsidy program with amounts ranging from 2,000 to 5,000 yuan, totaling 350 million yuan in subsidies [3] - Local governments are also offering additional incentives such as fuel vouchers and insurance coupons to further promote vehicle sales [3]

Core Insights - The competitive landscape among new energy vehicle manufacturers is intensifying, leading to further differentiation among companies like NIO, Xpeng, Li Auto, and Leap Motor as they release their Q2 2025 financial reports [1] Group 1: Financial Performance - Li Auto leads in revenue, net profit, and gross margin, reporting a revenue of 30.246 billion yuan, while NIO, Xpeng, and Leap Motor reported revenues of 19.01 billion yuan, 18.27 billion yuan, and 14.23 billion yuan respectively [2] - Li Auto's gross margin stands at 20.1%, a year-on-year increase of 0.6 percentage points, while NIO and Xpeng show improvements with gross margins of 10.0% and 17.3% respectively, with Xpeng achieving eight consecutive quarters of growth [4] - Li Auto's net profit reached 1.1 billion yuan, a 69.6% increase from the previous quarter, while Leap Motor also achieved profitability with a net profit of 160 million yuan in Q2 [4] Group 2: Future Projections - Li Auto anticipates a decrease in vehicle deliveries for Q3, projecting between 90,000 to 95,000 units, a year-on-year decline of 41.1% to 37.8%, with expected revenue between 24.8 billion to 26.2 billion yuan, a decrease of 42.1% to 38.8% [6] - NIO expects to deliver between 87,000 to 91,000 vehicles in Q3, a year-on-year increase of approximately 40.7% to 47.1%, with projected revenue of 21.81 billion to 22.88 billion yuan, a growth of 16.8% to 22.5% [8] - Xpeng forecasts Q3 vehicle deliveries between 113,000 to 118,000 units, a year-on-year increase of approximately 142.8% to 153.6%, with total revenue expected to be between 19.6 billion to 21 billion yuan, a growth of 94.0% to 107.9% [9] Group 3: Market Position and Strategy - Leap Motor has maintained a strong growth trajectory, achieving over 90,000 cumulative deliveries and becoming the second new energy vehicle manufacturer to achieve profitability after Li Auto [11] - The competitive intensity is increasing, with Li Auto's performance fluctuations coinciding with the upward momentum of NIO, Xpeng, and Leap Motor, potentially reshaping the established market hierarchy [11]

Core Viewpoint - NIO has reported a revenue increase and a reduction in losses for Q2, indicating a potential recovery path despite ongoing challenges in achieving profitability in Q4 [1][2][7]. Financial Performance - Q2 total revenue reached 19.0087 billion yuan, a year-on-year increase of 9.0% and a quarter-on-quarter increase of 57.9% [1][8]. - Adjusted net loss for Q2 was 4.1267 billion yuan, a year-on-year reduction of 9.0% and a quarter-on-quarter reduction of 34.3% [1][8]. - Vehicle deliveries totaled 72,056 units, representing a year-on-year increase of 25.6% and a quarter-on-quarter increase of 71.2% [8]. Profitability Goals - To achieve profitability in Q4, NIO needs to meet several conditions: average monthly deliveries exceeding 50,000 units, a gross margin of 16%-17%, R&D expenses around 2 billion yuan, and sales management expenses controlled at about 10% [2][6][9]. - NIO aims for Q3 delivery guidance between 87,000 and 91,000 units, with total revenue projected to reach between 21.812 billion and 22.876 billion yuan, reflecting a year-on-year growth of approximately 16.8% to 22.5% [8]. Strategic Focus - NIO is focusing on a dual strategy of maintaining its electric vehicle technology and expanding its multi-brand product planning, which is beginning to show synergistic effects [5][16]. - The company is also emphasizing user feedback in product development, adapting features based on customer preferences [5][18]. Market Positioning - NIO's gross margin for Q2 was 10.3%, with expectations to rise to 16%-17% in Q4 due to the sales of higher-margin models like the L90 and the new ES8 [10][12]. - The company is also addressing cost control measures, aiming to keep R&D expenses between 2 billion and 2.5 billion yuan per quarter and sales management expenses at 10% [12][20]. Leadership and Culture - NIO's CEO, Li Bin, emphasizes the importance of learning from past experiences and adapting to market demands, highlighting a shift in company culture towards being more responsive to user needs [21][22]. - The company is undergoing significant internal adjustments, with a focus on building a resilient organization capable of navigating challenges independently [21][23].

Core Viewpoint - NIO has begun to implement necessary changes post-crisis, focusing on rational management and operational efficiency [2][10]. Group 1: Financial Performance - In Q2 2025, NIO's vehicle deliveries rebounded significantly to 72,000 units, leading to a 62.4% increase in automotive sales revenue to 16.14 billion yuan [3]. - The net loss narrowed by 26.0% to 4.99 billion yuan, indicating financial improvement [3]. - Management is optimistic about Q3, projecting deliveries of up to 91,000 vehicles, with September expected to exceed 35,000 deliveries [3]. Group 2: Product Strategy - NIO's confidence is driven by two key new models: the all-new ES8 and the L90, with production capacity prioritized for these vehicles [3]. - The production target for Q4 is set at 56,000 units across three brands: 25,000 for NIO, 25,000 for Ladao, and 6,000 for Firefly [4]. - The launch of the L80 has been postponed to focus resources on core products [4]. Group 3: Profitability Goals - NIO aims for profitability in Q4, with a target gross margin of 16%-17% driven by high-margin models [9]. - The company has implemented a "basic operating unit" mechanism to enhance efficiency and plans to control R&D expenses to around 2 billion yuan per quarter [9]. - NIO is leveraging social resources for battery swap station construction to alleviate cash flow pressure [9]. Group 4: Market Positioning - NIO's strategy includes standardizing a 100 kWh battery pack, which lowers the purchase threshold for key models to between 190,000 and 230,000 yuan [10]. - The cancellation of a previous promotional policy is expected to have minimal impact on actual transaction prices and gross margins [10]. - The management's focus has shifted towards cash flow and gross margins, reflecting a more traditional automotive company approach [10].