Core Viewpoint - The collaboration between Dongfeng and Huawei has led to the launch of the new electric vehicle brand "Yijing," which aims to redefine family-oriented smart mobility in the competitive EV market, leveraging both companies' strengths and insights into user needs [3][5][17]. Group 1: New Brand Launch and Market Positioning - The Yijing brand was launched at a招商大会 (investment promotion conference) attended by hundreds of top dealers from across the country, indicating strong interest and commitment from the market [1][3]. - Yijing is positioned as a high-end family-oriented electric vehicle, focusing on "smart mobility for all family scenarios," which reflects a shift in consumer demand from mere functionality to comprehensive value experiences [10][13]. Group 2: Innovative Collaboration Model - The partnership between Dongfeng and Huawei is characterized by a new collaborative model that integrates resources, teams, and processes, marking a significant upgrade in the automotive industry collaboration paradigm [4][8]. - This model is built on over a decade of cooperation, identifying a fundamental shift in user needs towards safety, intelligence, and personalized experiences in family mobility [5][7]. Group 3: Technological and Market Advantages - Yijing leverages Huawei's advanced technology and Dongfeng's deep understanding of over 60 million family users, creating a unique competitive edge in the high-end family EV market [7][13]. - The brand emphasizes safety and smart features, including the latest Huawei technology for active safety and a comprehensive digital experience, aiming to create a "mobile castle" for families [10][11]. Group 4: Long-term Business Model - Yijing's business model is based on long-termism, focusing on channel innovation and partner collaboration to ensure high-value returns for investors [14][17]. - The brand's strategy includes a top-level design for channel development and a commitment to shared growth with partners, which has garnered broad recognition from dealers [15][17]. Group 5: Future Outlook - With the first model set to launch in 2026, Yijing is positioned to become a benchmark in the high-end family EV market, driven by its differentiated positioning and the combined strengths of Dongfeng and Huawei [17].

Core Insights - The 23rd Guangzhou International Auto Show showcases a strong presence of local automotive companies and technology firms, highlighting the integration of traditional automotive manufacturing with advanced technology solutions [1][2] - The event emphasizes the trend of cross-industry collaboration, with companies like Huawei providing smart automotive solutions, indicating a shift towards a more integrated automotive ecosystem [2] Group 1: Local Automotive Companies - GAC Group occupies an entire exhibition hall, showcasing brands such as GAC Toyota, GAC Honda, GAC Trumpchi, Aion, and Haobo, and highlights the achievements of its "Panyu Action" reform initiative [1] - BYD continues to dominate the A Zone 2.1 hall, presenting its own brand along with sub-brands like Yangwang, Fangchengbao, and Tengshi [1] Group 2: Technology Integration - Huawei, despite its stance of "not manufacturing cars," has a significant presence at the auto show, promoting its HarmonyOS and smart automotive solutions, which are being adopted by various manufacturers [2] - The event features innovative products such as Xiaopeng's newly launched X9 super-range extender vehicle, humanoid robots, and flying cars, showcasing the company's commitment to expanding its technological offerings [2] Group 3: Industry Trends - The automotive industry is experiencing rapid integration and extension, driven by Guangdong's robust industrial system, extensive supply chain, and strong R&D capabilities [2] - The Guangzhou Auto Show has evolved into a platform not just for automobiles but also for showcasing cross-industry collaborations and technological advancements [2]

Core Insights - The launch of the "Qijing" brand at Huawei's QianKun Ecological Conference marks its entry into the high-end smart electric vehicle market, targeting young consumers with a focus on technology and innovation [2][3] - Huawei and GAC's collaboration aims to leverage their strengths in smart driving solutions and automotive manufacturing to create a unique brand that resonates with the needs of younger consumers [4][6] Group 1: Brand Positioning and Strategy - The brand "Qijing" is positioned to appeal to younger consumers, who are currently the main demographic in automotive consumption, emphasizing a youthful and technological identity [3][4] - Huawei's deep understanding of young consumers' demands for new technologies will be integrated into the design and development of the Qijing brand [3][6] Group 2: Technological Integration and Development - Qijing's product development will utilize Huawei's QianKun technology, which has seen significant investment and development, including a team of over 8,000 people and more than 20 billion yuan in R&D [6] - The QianKun smart driving solution has achieved notable milestones, including 1 million units expected to be equipped by August 2025 and significant user engagement metrics [6] Group 3: Collaborative Approach - The partnership between Huawei and GAC employs an "embedded collaboration" model, allowing for seamless integration of technology and manufacturing processes, enhancing product development efficiency [7][8] - This collaboration involves a co-located team from both companies, ensuring that product definition, development, and marketing are closely aligned with consumer needs [7] Group 4: Manufacturing and Production Efficiency - Qijing will adopt an AI-driven manufacturing model to enhance production efficiency and reduce reliance on foreign technologies, aiming for high-quality output [11] - The brand's approach combines smart manufacturing with user insights, positioning it to potentially reshape the competitive landscape of high-end electric vehicles [11]

// 市场要闻 // 外交部发言人宣布，经中德双方商定，第四次中德高级别财金对话将于11月17日在北京举行。 财政部11月10日至11月19日将发行不超过477.1亿元电子式储蓄国债。其中，3年期最大发行额238.5亿元，票面年 利率为1.63%；5年期最大发行额238.6亿元，票面年利率为1.7%。 美联储将于北京时间11月20日公布货币政策会议纪要 。 这份文件将披露美联储官员对利率、通胀和经济前 景的讨论细节，为市场提供未来政策路径的线索。此外，英伟达将在北京时间11月20日凌晨披露财报。 11 月20日，1年期和5年期以上LPR将公布最新值。 此前公布的10月20日LPR显示，1年期LPR为3%，5年期 以上LPR为3.5%。两大报价均与前值保持一致。 11月21日，华为将发布AI领域的突破性技术，有望解决算力资源利用效率的难题。可将GPU（图形处理器）、 NPU（神经网络处理器）等算力资源的利用率，从行业平均的30%至40%提升至70%，显著释放算力硬件潜能。 2025迪拜航空展将于11月17日至21日举行 ，届时将有2架C919飞机和1架C909公务机"组团"亮相 。这是中国 自主研发的民用客机首 ...

Industry Information - Shaanxi's new energy vehicle exports reached 200,000 units in the first eight months of the year, a year-on-year increase of 80%, ranking third in the country. The annual production capacity has surged from 59,500 units in 2020 to 1.198 million units in 2024, growing over 20 times in four years [9] - As of the end of September, China's electric vehicle charging infrastructure totaled 18.063 million units, a year-on-year increase of 54.5% [10] - CATL reported Q3 2025 revenue of 104.19 billion yuan, a year-on-year increase of 12.9%, with a net profit of 18.5 billion yuan, up 41% [13] - The value added of the lithium-ion battery manufacturing industry increased by 29.8% year-on-year in the first three quarters of 2025 [14] - The production of new energy vehicles in Beijing increased by 150% year-on-year in the first three quarters [21] Policy Information - The Ministry of Industry and Information Technology has publicly solicited opinions on the revision of the national standard for vehicle factory certificates, which will include key information such as combined driving assistance systems [36] - Guangzhou is actively seeking to become a pilot city for automotive circulation consumption reform, promoting the recycling of old vehicles and supporting the development of the second-hand car market [33] Company Information - Gotion High-Tech's all-solid-state battery is in the pilot production stage, with a 2GWh production line design underway [9] - BYD plans to invest 8.8 billion yuan in a battery project in Taizhou, aiming for an annual production capacity of 22 GWh [19] - Xiaomi's fund has invested in Hangyu Zhizao, which applies aerospace lightweight manufacturing technology to automobiles [12] - NIO and CATL have established a new battery technology company, focusing on battery leasing and recycling [39] - Didi has launched 500 pure electric vehicles in Mexico, marking its first standardized ride-hailing service in Latin America [27]

Core Insights - The collaboration between Dongfeng Motor Corporation and Huawei aims to accelerate the implementation of the DH project through deep technological integration and a mechanism for regular interaction [1][2] Group 1: Project Overview - The DH project was initiated in early 2023, with a strategic cooperation agreement signed between Dongfeng and Huawei in January 2025 [1] - The project has evolved to include a comprehensive strategic partnership, expanding into core technology areas such as Huawei's QianKun intelligent driving, Harmony cockpit, and QianKun vehicle control [1][2] Group 2: Collaboration Mechanism - A regular interaction mechanism will be established, including dedicated liaison teams for seamless daily communication and regular cross-domain coordination meetings to manage resource allocation and project goals [1] - The DH project team has achieved efficient collaboration across the entire process from R&D to market [1] Group 3: Product Development - The DH project products will feature Huawei's latest QianKun intelligent automotive solutions, making them among the most technologically integrated smart vehicles [2] - The collaboration is expected to inject new momentum into the intelligent transformation of the Chinese automotive industry [2]

Core Insights - The DH project team has established an efficient collaboration with Huawei, covering the entire process from R&D to market [1] - A regular interaction mechanism will be set up to enhance cooperation, including dedicated liaison groups for seamless communication and regular cross-domain coordination meetings [1] - The DH project was initiated in early 2023, with a strategic cooperation agreement signed in January 2025, and has since expanded its scope to include core technologies such as Huawei's QianKun intelligent driving and Harmony cockpit [1][3] Project Development - The DH project officially launched in January 2025, with a comprehensive strategic cooperation upgrade in May 2025, extending to various core technology areas [1] - In September 2025, a joint innovation laboratory was established to focus on cutting-edge technologies like in-vehicle software and AI applications [1] - A public campaign for the Chinese name and logo of the DH project was initiated in October 2025, exploring new marketing paths through user co-creation [1] Product Integration - The products from the DH project will feature Huawei's latest QianKun intelligent automotive solutions, aiming to be among the most technologically integrated smart models [1] - Dongfeng Motor has been collaborating with Huawei for several years, transitioning to a "2.0 era" of cooperation in 2025, leveraging a complementary approach of "technology + manufacturing" [1] - The deepening collaboration in the DH project is expected to inject new momentum into the intelligent transformation of China's automotive industry [1]

Investment Rating - The report maintains a "Recommended" investment rating for the automotive industry [6]. Core Insights - Current demand is weak, but the annual cumulative figures remain above expectations, with retail sales of passenger cars in China from October 1-19 at 1.128 million units, a year-on-year decrease of 6% but a month-on-month increase of 7% [1][20]. - The penetration rate of new energy vehicles (NEVs) in the passenger car market reached 56.1% during the same period, with cumulative retail sales of NEVs increasing by 23% year-on-year [2][20]. - Differentiated competition continues with breakthroughs in new technologies and new markets, including partnerships between major manufacturers and tech companies like Huawei [2][31]. Summary by Sections 1. Weekly Market Review (2025.10.18-10.24) - The automotive sector rose by 2.92% during the week, with most related sub-sectors also experiencing gains [12]. - The automotive parts sector saw the highest increase at 4.30%, while the passenger vehicle sector had a modest rise of 0.68% [15]. 2. Data Tracking (2025.10.18-10.24) - Retail sales of passenger cars from October 1-19 totaled 1.128 million units, with a cumulative year-to-date retail figure of 18.136 million units, reflecting an 8% year-on-year growth [20]. - NEV retail sales during the same period reached 632,000 units, with a year-to-date cumulative figure of 9.502 million units, marking a 23% increase [20]. 3. Industry News (2025.10.18-10.24) - Chery Group plans to establish 26 overseas R&D centers to support its global innovation system, with expectations that overseas revenue will surpass domestic contributions [31]. - The launch of the "National Good Car" by JD.com, CATL, and GAC Group is set to introduce a new model that supports battery swapping technology, aiming to enhance cost-effectiveness in the NEV market [3][38]. - Dongfeng Motor has developed a solid-state battery supply chain with a maximum range exceeding 1000 kilometers, showcasing advancements in battery technology [42].

Group 1 - The core event of the article is the launch of a collaborative demonstration of vehicle-road-cloud integration by 15 major automotive companies in Chongqing, marking a historic breakthrough in cross-border and cross-brand vehicle collaboration on a unified cloud control platform [2] - The demonstration included dynamic applications such as cloud-supported automatic emergency braking (C-AEB), cloud-supported green wave speed guidance (C-GLOSA), and collaborative vehicle merging (C-CVM) [2] - The article highlights the stable technological advancements in tax-exempt electric vehicle models, with 4,460 models listed for 2025, including 414 new models introduced in October [2] Group 2 - Dongfeng and Huawei are accelerating the implementation of the DH project, integrating Huawei's latest intelligent automotive solutions into Dongfeng's products [2] - Geely aims to sell 100,000 vehicles annually in the UK, planning to introduce 10 plug-in and electric hybrid models over the next three years, targeting a 5% market share [2]

Group 1 - The core viewpoint of the article highlights the launch of the long-range version of the Hummer M817, the M817 Max+, which addresses the common concerns of range and charging anxiety among electric off-road vehicle users [2] - The M817 Max+ is priced at 369,900 yuan, and it complements the existing M817 Pro and Max versions, which are priced at 319,900 yuan and 349,900 yuan respectively, creating a diversified product matrix for different usage scenarios [2] - The vehicle features a 50.4 kWh battery from CATL, achieving a CLTC pure electric range of 215 km, and a comprehensive range of 1,365 km, making it the leader in its class for long-distance off-road capabilities [2] Group 2 - The M817 Max+ is equipped with a full suite of Huawei's intelligent automotive solutions, including ADS 4, Harmony cockpit 5, and other advanced technologies, making it the world's first luxury smart off-road SUV fully integrated with Huawei's technology [3] - The vehicle's off-road capabilities are enhanced by its "rock-solid chassis, extreme power, and Hummer intelligent all-terrain system," along with over 20 reserved modification interfaces for off-road enhancements [4] - The introduction of the three M817 models signifies the expansion of the Hummer brand's intelligent off-road vehicle lineup, aiming for comprehensive coverage from urban roads to remote wilderness areas [4]