炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 出品：新浪财经上市公司研究院 作者：昊 近日，在广汽集团董事长冯兴亚和华为轮值董事长徐直军的共同见证下，刘嘉铭被任命为广汽与华为共同打造的高端智能电动汽车品牌"启境汽车"的首席执 行官（CEO），全面负责品牌战略、产品规划、市场拓展和运营管理等工作。 这一关键人事任命，不仅是启境品牌组织架构的重要落子，更是广汽与华为双方战略协同进入深水区的明确信号。 任命仪式 刘嘉铭拥有超过25年的深厚积淀，曾主导汉兰达、凯美瑞等明星车型的企划与销售改革，具备跨领域、跨文化的资源整合能力。 作为连接广汽与华为的关键枢纽，刘嘉铭将推动启境在"制造基因"与"智能基因"之间的深度融合，为品牌注入高起点的系统化战斗力。 他的任命，不仅是广汽整车制造与市场洞察能力的延续，更是双方在品牌运营、产品定义层面高度协同的体现。 从高层参与到团队融合，从技术赋能到渠道共建，刘嘉铭执掌体现了"双核驱动"决心，启境汽车的"含华量"远超外界预期，其后续产品备受期待。 合署办公、体系共融 "华为基因"根植于始 启境汽车的"含华量"，首先体现在组织层面的深度融合。 自2025年1月 ...

来源：环球网 来自华为智能汽车解决方案BU官方微博的最新数据显示，截至2025年7月31日，所有搭载华为乾崑智驾 （HUAWEI ADS）的车辆，累计避免可能的碰撞次数已突破254万次。 【环球网科技综合报道】9月11日消息，围绕近期网络热议"消失的前车"测试争议，引发公众对智能驾 驶辅助系统安全性的关注。对此，鸿蒙智行于日前发布NCA领航辅助紧急避险实例视频，直观展现其 智能驾驶辅助系统应对突发状况的能力，回应市场关切。 视频中，模拟了行车途中前车突然"消失"的场景，鸿蒙智行搭载的NCA领航辅助系统迅速响应，依据实 际路况精准执行制动或避让操作，有效化解潜在风险。鸿蒙智行方面表示，依托先进的智能驾驶技术， 其系统已累计避免可能的碰撞超220万次。 据悉，在2025年4月22日以"以智能创造可能"为主题的华为乾崑智能技术发布会上，华为智能汽车解决 方案BU CEO靳玉志正式推出华为乾崑智驾HUAWEI ADS 4，并同步发布全维防碰撞系统CAS 4.0。相 较于前代的全向防碰撞系统CAS 3.0，CAS 4.0以"全时速、全方向、全目标、全天候、全场景"五大维度 为核心，从多个层面全方位、深层次强化安全防护体 ...

Core Viewpoint - The Chengdu International Auto Show showcased the global strategic model, the new Deep Blue S07, which emphasizes technological advancements in the mid-size SUV market, enhancing the brand's product matrix [1][4]. Design and Comfort - The Deep Blue S07 features a design that merges technology and comfort, with a luxurious yacht-inspired interior and a spacious soft-touch area of 10.7 square meters, offering three color options and high-quality materials [1][2]. - The vehicle includes advanced comfort features such as zero-gravity massage seats with multiple electric adjustments and heating functions, enhancing the overall passenger experience [1][2]. Driving Experience - The S07 is equipped with a variable adaptive suspension system that improves driving stability and comfort by filtering road impacts, making it suitable for various driving conditions [2]. - The chassis design incorporates hydraulic bushings and lightweight aluminum components to enhance durability and reduce vibrations, ensuring a smooth ride [2]. Intelligent Features - The vehicle is notable for its advanced intelligent driving capabilities, featuring the Huawei Qian Kun intelligent driving system, which includes high-level driving assistance functions and extensive scene recognition for parking [2][3]. - It is powered by the Qualcomm Snapdragon 8295P chip, enhancing human-vehicle interaction and safety through a comprehensive collision avoidance system [2][3]. Power and Efficiency - The Deep Blue S07 offers both range-extended and pure electric versions, with the range-extended model achieving a maximum electric range of 300 km and a total range of 1385 km, while the pure electric version provides a range of 550 km [3]. - Both models support fast charging technology, allowing for significant range recovery in a short charging time, with the range-extended version achieving a fuel consumption rate as low as 3.8L/100km [3]. Market Expansion - The Deep Blue S07 has already entered over 70 countries and regions, with plans to expand into European markets including the UK, Germany, and Spain by the end of the year, aiming to cover over 90 countries globally [3][4].

作为首批全系标配华为乾崑智驾ADS 4 Max 超阶版的量产车型，传祺向往S9从识别预警、紧急制 动、到紧急避让等动作，展现了其主动安全的稳定性与可靠性。这得益于全新升级的全维防碰撞系统 CAS 4.0，以全时速、全方向、全目标、全天候、全场景五维安全为目标，增强车辆的主动安全能力。 据了解，传祺向往S9搭载的华为乾崑智驾ADS 4，采用世界引擎+世界行为模型架构(WEWA架 构)，端到端时延可降低50%，通行效率提升20%，重刹率降低30%。位于云端的乾崑智驾世界引擎，可 利用AI生成难例扩散模型，所提供的高质量、高密度的难例场景密度是真实世界的1000倍，实现用AI 训练AI。 8月27日，广汽传祺S9在重庆预售发布，预售价为25.99万元起，提供5座、6座两种座椅布局。新车 搭载华为乾崑智驾ADS 4，并全新升级全维防碰撞系统CAS 4.0，顺利挑战山城重庆，验证传祺向往S9 可以在中国最魔幻的立体都市游刃有余。 在技术品鉴环节，传祺向往S9途径牛角沱立交、菜园坝立交、苏家坝立交"三大网红立交"时，借助 全系标配的192线激光雷达和4D毫米波雷达，精准识别单车道、多车道、红绿灯等各种环岛与多层公交 的各 ...

Core Viewpoint - GAC Trumpchi has launched the pre-sale of its new model, the Xiangwang S9 Qiankun, starting at 259,900 yuan, showcasing advanced technology and safety features in a challenging urban environment [2][14]. Group 1: Product Launch and Features - The Xiangwang S9 Qiankun is available in both 5-seat and 6-seat configurations to cater to diverse user needs [2]. - The vehicle is equipped with Huawei's Qiankun Intelligent Driving ADS 4, which enhances driving efficiency by reducing end-to-end latency by 50% and improving traffic efficiency by 20% [4]. - The new CAS 4.0 multi-dimensional safety system aims to enhance active safety capabilities across various driving conditions [5]. Group 2: Performance and Testing - The Xiangwang S9 successfully navigated complex road conditions in Chongqing, demonstrating its advanced driving capabilities and safety features [7][11]. - The vehicle's performance was validated through a series of high-difficulty challenges, including emergency braking and collision avoidance, achieving a perfect score in active safety tests [11]. Group 3: Interior and Comfort - The Xiangwang S9 features a luxurious interior with innovative seating options, including a world-first five-star SPA zero-gravity seat and advanced massage functions [13]. - The vehicle supports a smart cabin experience with HarmonySpace 5, allowing for seamless interaction across multiple screens [13]. - Active noise cancellation technology and soundproofing features ensure a quiet and comfortable ride [14].

Core Viewpoint - The article emphasizes that the "King of Pure Electric" is not only about product strength but also about the underlying systemic capabilities that support it [1] Group 1: Product Launch and Market Positioning - The launch of the AITO M8 pure electric version on August 25, priced at 359,800 yuan, achieved over 7,000 pre-orders within 2 hours, indicating strong market interest [2][4] - The AITO M8 aims to eliminate the "pure electric premium" by offering the same price for both pure electric and range-extended versions, focusing on high-end pure electric pathways without sacrificing profit for market share [2][4] - The 400,000 yuan segment of the new energy vehicle market is large and has strong consumer purchasing power, but it is also filled with contradictions, particularly regarding range anxiety and the lack of a dominant pure electric model [2][5] Group 2: Technical Specifications and Features - The AITO M8 pure electric version features a 100 kWh battery from CATL, with a maximum range of 705 km, and supports fast charging, achieving 30%-80% charge in just 15 minutes [5][11] - The vehicle is equipped with the latest HUAWEI ADS 4 driver assistance system, which improves driving efficiency and safety through various advanced features [7][11] - The design includes a spacious interior with a three-row six-seat layout and a front trunk of 149L, maintaining luxury SUV standards [5][9] Group 3: Competitive Landscape - Competitors like Li Auto and NIO are focusing on their strengths, such as family-oriented space and battery swapping solutions, while Tesla has introduced a new Model Y L to attract consumers with its brand and extended range [8][9] - The AITO M8 has already established itself as a phenomenon in the market, with over 70,000 units delivered within four months of the launch of its range-extended version [9][10] Group 4: Systematic Advantages and Cost Structure - The article discusses the "pure electric premium," where pure electric versions typically cost 20,000 to 30,000 yuan more than range-extended versions due to battery costs, which account for 30%-50% of the vehicle's total cost [11][12] - The AITO M8's pricing strategy reflects Huawei's ability to integrate technology and efficiency, allowing for the same pricing for both versions [14][16] - Huawei's extensive R&D in chips and sensors has led to a self-sufficient supply chain, enabling cost reductions and optimized vehicle design [16][17] Group 5: Future Outlook - The article concludes that the AITO M8's pricing logic and the systemic capabilities represented by Huawei's HarmonyOS indicate that future competition in the industry will focus more on systemic efficiency and continuous product experience iteration [17][18]

Group 1 - Huawei will launch a high-speed commercial solution based on L3 technology architecture in September 2023, which will result in a 50% reduction in end-to-end latency and a 20% improvement in traffic efficiency [1] - The new solution includes a comprehensive collision avoidance system (CAS 4.0) for enhanced safety [1] - Huawei aims to support 500,000 parking lots nationwide this year, significantly improving the driving experience with parking assistance from space to space [1] Group 2 - The automotive parts sector is experiencing unprecedented transformation due to increased intelligence, with opportunities for high-quality component companies to replace imports and expand overseas [1] - The automotive parts ETF (159306) has seen a 0.60% increase, with notable gains in constituent stocks such as Yapu Co., Ltd. and Ruikeda, both rising by 5.79% [2] - The automotive parts ETF has the lowest management fee rate of 0.50% and a custody fee rate of 0.10% among comparable funds [3]

Core Viewpoint - The Chinese intelligent driving market is currently facing both challenges and opportunities, with a shift in focus towards safety and responsible promotion of advanced driving assistance systems (ADAS) following recent incidents and regulatory scrutiny [1][16]. Group 1: Intelligent Driving Development - The industry lacks not just functional ADAS but systems that enhance human driving safety and stability, with Huawei's approach aiming for performance that surpasses human capabilities [3][4]. - Huawei's new architecture, WEWA, combines cloud-based world engines and vehicle behavior models, significantly improving response times and driving efficiency [4][5]. - The introduction of advanced hardware, such as the XMC digital chassis engine, enhances control capabilities, leading to a tenfold increase in processing power and improved safety features [4][6]. Group 2: Safety and Regulatory Compliance - Huawei's CAS 4.0 system offers comprehensive safety features across various driving conditions, addressing the need for robust safety measures in intelligent driving [5][8]. - The company emphasizes the importance of user education regarding the limitations of ADAS to prevent misuse and enhance safety [16][17]. - A collaborative initiative with industry partners aims to establish clear standards and training for users to ensure safe and effective use of intelligent driving technologies [18]. Group 3: Market Position and User Engagement - Huawei's intelligent driving solutions have achieved significant market penetration, with over 55.84 million active users and a monthly usage frequency of 38 times for automated parking features [11][12]. - The company has positioned itself as a leading provider of intelligent driving services, surpassing competitors in sales and partnerships with various automotive manufacturers [10][13]. - Continuous investment in R&D, with a team of 8,000 and over 10 billion in funding, supports the ongoing development and enhancement of intelligent driving technologies [11][12].