曾经的"保守派"燃油车，正在努力撕下"不智能"的标签。 2025广州车展上，多家合资品牌将高阶智驾应用到燃油车上。其中东风日产推出了天籁鸿蒙座舱版车 型，广汽丰田也发布了智驾版换代威兰达，将高阶智驾下探至15万元左右；一汽奥迪A5L则是推出乾崑 智驾版，支持城区NOA、高速NOA以及全场景智能泊车功能。 根据中国汽车工业协会的统计，就在今年的前10个月里，传统燃油汽车的国内销量不仅没有继续下滑， 反而还实现了0.6%的同比增长，总销量达到了1114.3万辆。 能够在如此激烈的竞争中稳住阵脚，传递出清晰信号：在电动化浪潮中，燃油车的基本盘依然坚实，远 未到退场时刻。 面对仍占据七成市场份额的燃油车用户群体，如何满足他们对智能化的期待，已成为各大燃油车企稳住 燃油车基本盘的关键所在。 燃油车的智能化困局与突围 长期以来，"电动化=智能化"几乎成为行业共识。至于燃油车能否做好智能化？这一问题曾引发行业热 议。岚图汽车董事长、总经理兼首席执行官卢放在2024年曾表示，基于传统燃油车做不了智能车。 价格下探加速智能化普及 燃油车智能化的另一显著趋势是价格的大幅下探。 奥迪A5L乾崑智驾版以28.68万元的起售价，比同级 ...

定价策略的失误，进一步加剧了亚洲狮的困境。其厂商指导价14.28万-17.98万元，即便有2万元左右的终端优惠，在当前市场环境下，这一价格定位依然不 占优势。朗逸、轩逸等车型的起售价已跌破7万元，卡罗拉、速腾等也跌破8万元，亚洲狮的价格几乎比它们贵了一倍。而这个价格区间，消费者完全有能力 购买到纯正的B级车，如帕萨特、凯美瑞等。 9月销售3辆，10月销售2辆，丰田亚洲狮已然陷入生存困境。2021年4月10日，一汽丰田亚洲狮高调上市，厂商指导价定在14.28万元至17.98万元之间，剑指 卡罗拉与亚洲龙之间的A+级市场空白。上市初期，凭借丰田品牌的光环与部分消费者对品质的信任，亚洲狮首月便斩获近3995辆的销量，随后在当年6月更 是冲至6807辆的峰值，一时风光无限。但好景不长，此后其销量便开始持续走低，即便在2025年9月推出高达4万元的终端优惠，将起售价拉低至10.18万 元，也未能扭转颓势，最终落得个单月销售3辆的尴尬境地。 亚洲狮销量下跌，首先离不开产品上的症结。其车身尺寸为长4720毫米、宽1780毫米、高1435毫米，轴距2750毫米。这样的数据，在前几年或许还能勉强跻 身A+级行列，但在如今车企纷 ...

Core Insights - The fuel vehicle market is experiencing a structural recovery after a significant downturn, driven by price advantages and changing consumer preferences [3][4][6] - Despite the resurgence, the industry faces challenges from the rapid growth of electric vehicles and high inventory levels among dealers [2][5][9] Group 1: Market Dynamics - In 2024, over 4,400 4S dealerships closed, indicating a severe contraction in the fuel vehicle market, with a loss rate of 41.7% among dealers [1][2] - The average gross margin from new car sales for dealers is reported at -17.7%, highlighting the financial strain on fuel vehicle sales [1] - The inventory levels for some brands exceed two months, leading to increased liquidity risks for dealers [2] Group 2: Consumer Behavior - A notable shift in consumer demographics is observed, with younger buyers increasingly opting for fuel-efficient hybrid vehicles due to practical considerations [3][6][8] - Approximately 65% of fuel vehicle customers are first-time buyers, primarily in the 80,000 to 150,000 yuan price range, attracted by significant price discounts [3][4] - The trend of "multi-car households" is rising, where consumers own both electric and fuel vehicles to suit different usage scenarios [6][8] Group 3: Sales Performance - A significant increase in sales of A-class sedans and compact SUVs is noted, with A-class fuel sedans seeing a 12.3% month-on-month growth in September [4][5] - Specific models like the Nissan Sylphy and Volkswagen Lavida have surpassed sales of 20,000 units, indicating strong demand in the fuel vehicle segment [4] Group 4: Policy and Support - Government policies, such as subsidies for trade-ins and local initiatives to promote vehicle purchases, are contributing to the recovery of the fuel vehicle market [5][6] - The implementation of the National VI B emission standards is prompting manufacturers to adjust their strategies, including inventory clearance and price reductions [3][5] Group 5: Technological Advancements - The fuel vehicle sector is undergoing a technological transformation, focusing on smart features to enhance competitiveness against electric vehicles [10][12] - Major brands are investing in advanced driving assistance systems and smart cockpit experiences to attract tech-savvy consumers [12][13] - The integration of intelligent features in fuel vehicles is seen as essential for maintaining market relevance in a rapidly evolving automotive landscape [10][11][14]

Group 1 - GAC Toyota will stop production of at least two main fuel vehicles by 2026, which contribute nearly 130,000 units to its total sales of 639,100 units in the first ten months of this year, accounting for about 20% of total sales [1][7] - The decision to reduce fuel vehicle models is part of Toyota China's strategic adjustment, moving away from the "sister car" strategy that has been in place for over 20 years, which has led to internal competition and price wars between joint ventures [2][3] - Starting in 2024, GAC Toyota will narrow down price cuts on models that are in fierce competition, leading to a significant drop in sales from nearly 20,000 units to around 5,000 units [3] Group 2 - GAC Toyota plans to gradually stop production to minimize the impact on short-term sales, with the third production line set to be modified to produce new energy vehicles in the first half of next year [6] - The company aims to focus on increasing sales of new energy vehicles to offset the long-term impact of reducing fuel vehicle production, with the goal of returning to an annual sales volume of 1 million units by 2028-2030 [7][8] - The first locally developed new energy vehicle, the Pure Electric Model Platinum 3X, has seen cumulative sales of 45,000 units in the first ten months, with a target of 12,000 orders for November [7][9] Group 3 - GAC Toyota is enhancing its research and development capabilities by expanding its engineering team and optimizing user research processes, aiming to build its own product system [9][10] - The company is collaborating with local automotive companies for new vehicle development, as the scale of its R&D team is relatively small compared to competitors [8][9] - A recent strategic cooperation framework agreement was signed with FAW Group and GAC Group to develop electric and intelligent connected vehicles, indicating a shift towards a more localized product strategy [9]

Core Insights - Toyota has commenced operations at its $13.9 billion battery plant in North Carolina to meet the rising demand for hybrid vehicles and confirmed a plan to invest $10 billion in U.S. manufacturing over the next five years [1][3] - The North Carolina plant is Toyota's 11th facility in the U.S., covering 1,850 acres and capable of producing up to 30 GWh annually, employing 5,000 workers [1][3] - The plant will supply batteries for popular models such as the Camry, Corolla Cross, RAV4, and an undisclosed three-row hybrid SUV [1] Investment Plans - Over the next five years, Toyota plans to invest an additional $10 billion in the U.S., bringing its total investment to over $60 billion [3] - This investment strategy aligns with Toyota's commitment to a multi-faceted energy transition, offering a range of vehicles including fuel-efficient, hybrid, plug-in hybrid, electric, and fuel cell vehicles [3] Market Context - The U.S. government is expected to relax fuel economy standards, which were previously deemed too aggressive, potentially impacting the market dynamics for electric and hybrid vehicles [3] - Other automakers, such as Volkswagen, are also responding to the changes in U.S. policy by increasing the availability of hybrid models in the market [4]

Core Insights - The article discusses the unexpected resurgence of traditional fuel vehicles in China, highlighting that fuel vehicle sales have increased despite the dominance of electric vehicles in the market [4][11]. Sales Performance - In September, traditional fuel vehicle sales reached 1 million units, marking a year-on-year increase of 6,000 units and a month-on-month growth of 10.9% [4]. - From January to September, cumulative sales of traditional fuel vehicles totaled 8.141 million units, reflecting a year-on-year growth of 1.7% [5]. - Fuel vehicles accounted for 47.76% of total passenger vehicle sales in the same period, indicating their continued significant market presence [6]. Market Dynamics - The rebound in fuel vehicle sales is attributed to a rational market correction following a period of intense competition and price wars [8]. - Discounts on fuel vehicles have been substantial, with average discount rates around 30%, and some luxury models offering discounts exceeding 40% [12]. - The top nine fuel vehicle models accounted for approximately 20% of the entire fuel vehicle market in September [14]. Strategic Responses from Automakers - Traditional automakers are adjusting their product positioning and pricing strategies to compete with electric vehicles, with many reducing prices to below 80,000 yuan and enhancing vehicle configurations [14]. - Major brands like Honda and FAW-Volkswagen reported significant sales increases, with Honda's CR-V being a key contributor to its growth in China [19][20]. New Strategies for Fuel Vehicles - Companies like Chery and Geely are launching new fuel vehicle strategies, emphasizing the integration of smart technologies into their offerings [22][24]. - Geely's CEO stated that the company will continue to invest in fuel vehicles, recognizing their importance in the market despite the rise of electric vehicles [25]. Technological Advancements - Fuel vehicles are increasingly incorporating advanced technologies such as intelligent driving assistance and smart cockpit features, narrowing the gap with electric vehicles [27][30]. - Recent models from various manufacturers are equipped with high-performance chips and advanced driver-assistance systems, enhancing their competitiveness [30][34]. Future Outlook - The market is expected to evolve into a coexistence model where both fuel and electric vehicles thrive, with automakers adopting diversified strategies to cater to different consumer needs [39][40].

Group 1 - Toyota announced a large-scale recall in the U.S. involving 1.02 million vehicles due to a software defect in the rearview camera that may freeze or go black while reversing, increasing collision risk [2] - The recall affects various popular models from Toyota and Lexus, including Camry, Highlander, RAV4, Prius, and several Lexus models, as well as the Subaru Solterra due to a shared monitoring system [2] - This is not the first recall for Toyota related to rearview camera issues, as a previous recall last month involved nearly 394,000 vehicles [2] Group 2 - For the second quarter of fiscal year 2026, Toyota reported a sales revenue of 12.38 trillion yen (approximately 573.92 billion yuan), an 8.2% year-on-year increase [3] - Operating profit was 839.55 billion yen (approximately 38.92 billion yuan), a significant decline of 27% year-on-year, while net profit reached 932.08 billion yen (approximately 43.21 billion yuan), a 62% increase year-on-year [3] - North America showed a 15% increase in sales, while Asia and Japan experienced declines; Toyota remains optimistic about the overall performance for fiscal year 2026 and has raised its annual forecasts for global vehicle sales, operating profit, net profit, and sales revenue [3]

Core Viewpoint - Despite the rise of electric vehicles, traditional fuel vehicles continue to show resilience in the market, with recent data indicating a rebound in sales and market share [5][6][10]. Sales Performance - In September, domestic sales of traditional fuel vehicles reached 1 million units, marking a year-on-year increase of 6.4% and a month-on-month increase of 10.9% [5]. - From January to September, cumulative sales of traditional fuel vehicles totaled 8.141 million units, reflecting a year-on-year growth of 1.7% [5]. - Fuel vehicles accounted for 47.76% of total passenger car sales in the same period, indicating their significant market presence [5]. Market Dynamics - The rebound in fuel vehicle sales is attributed to a rational market adjustment following a period of high demand for electric vehicles [6]. - Price reductions have played a crucial role in this recovery, with discounts averaging around 30%, and some luxury models seeing discounts exceeding 40% [8][10]. - The Nissan Sylphy emerged as the best-selling fuel vehicle in September, with sales of 33,000 units, benefiting from substantial price cuts [8]. Strategic Responses from Automakers - Traditional automakers are adjusting their product positioning and pricing strategies to compete with electric vehicles, with many reducing prices to below 80,000 yuan [10]. - Major brands like Honda and FAW-Volkswagen reported significant sales increases, with Honda's CR-V and FAW-Volkswagen's overall sales showing strong performance [12][14]. - Companies like Geely and Chery are launching new fuel vehicle strategies, emphasizing the importance of fuel vehicles alongside electric models [11][15]. Technological Advancements - Fuel vehicles are increasingly incorporating advanced technologies, such as intelligent driving systems and high-performance chips, to enhance their competitiveness [17][20]. - Recent models from various manufacturers are equipped with features like intelligent parking and advanced driver assistance systems, narrowing the technological gap with electric vehicles [19][20]. - The perception that fuel vehicles are lagging in intelligence is changing, as they now offer many of the same smart features as electric vehicles [20][21]. Future Outlook - The market is expected to evolve into a more diverse landscape where both fuel and electric vehicles coexist, catering to different consumer needs [21]. - Automakers are likely to adopt a multi-faceted strategy, balancing investments in both fuel and electric vehicle technologies to meet varying market demands [21].

Core Insights - GAC Group reported strong sales performance in October 2025, with over 170,000 vehicles sold, including 15,400 exports, marking a 69.2% year-on-year increase [2] - The company’s subsidiaries, including GAC Trumpchi, GAC Aion, GAC Toyota, and GAC Honda, showed robust growth, with GAC Trumpchi and GAC Toyota achieving year-on-year sales growth of 2.6% and 0.7%, respectively [2] - GAC Aion launched its first extended-range model, Aion i60, and introduced the Haobo GT Lite version, expanding its presence in the mainstream extended-range and high-end electric vehicle markets [2] GAC Group's Performance - GAC Trumpchi maintained its leading position in the SUV and MPV markets, with the sales of the Trumpchi V7 reaching 3,139 units, a 96% increase month-on-month, and the GS8 achieving 4,042 units, an 18.6% year-on-year increase [2] - GAC Toyota's smart electric SUV, the Platinum Smart 3X, surpassed 10,000 units in monthly sales for the first time, with total sales exceeding 58,000 units since launch [3] - GAC Honda's sales of the multi-energy HAOYING series reached 14,300 units in October, reflecting a 10.6% month-on-month growth [3] Overseas Expansion - GAC Group is deepening its "electrification leadership and localized development" strategy, achieving significant results in Southeast Asia [4] - The company launched its second locally assembled model, Yingku, in Malaysia and introduced three models in the Philippines, establishing over 30 sales and service networks by the end of October [4] - GAC Group is set to launch the Aion UT Super, a collaborative project with JD.com and CATL, on November 9, which aims to meet over 90% of daily commuting needs while integrating personalized customization [4]

Core Insights - GAC Group reported strong sales performance in October 2023, with over 170,000 vehicles sold and a 69.2% year-on-year increase in exports [1] - The company is focusing on both domestic and international markets, with significant growth in Southeast Asia and the introduction of new electric vehicle models [2] Group 1: Sales Performance - In October, GAC Group's total vehicle sales exceeded 170,000 units, with exports reaching 15,400 units, marking a 69.2% increase year-on-year [1] - For the first ten months of 2023, GAC's self-owned brand exports grew by 36% [1] - GAC's subsidiaries, including GAC Trumpchi and GAC Toyota, reported positive year-on-year growth in sales, with GAC Trumpchi's SUV model sales increasing by 96% month-on-month [1] Group 2: New Model Launches - GAC Aion's first extended-range model, Aion i60, has officially started pre-sales, while the GAC Haobo GT Lite version was launched on October 30 [1] - GAC Toyota's smart pure electric SUV, the Platinum 3X, achieved monthly sales of over 10,000 units for the first time, totaling over 58,000 units sold since its launch [1] Group 3: International Expansion - GAC Group is deepening its "electrification leadership and localization" strategy in Southeast Asia, with significant breakthroughs in October [2] - The company has established over 30 sales and service networks in the Philippines, offering a range of vehicles including sedans, SUVs, and MPVs [2] Group 4: Strategic Collaborations - GAC Group, in collaboration with JD.com and CATL, is set to launch the "National Good Car" Aion UT super on November 9, targeting a broad user base with high-quality electric vehicles [2] - The new model aims to meet over 90% of daily commuting needs and introduces a personalized customization model through JD.com [2]