关注 「电动车公社」 和我们一起重新思考汽车 以下是上周新能源圈的新闻： 新车上 市： 新款传祺向往M8上市，售价30.99-35.99万元； 公司动态： 一汽正式入股零跑； 吉利千里智驾完成整合； 特斯拉全球产量突破900万辆； 特斯拉2025年全球销量163.6万台； 华为乾崑智驾系统累计搭载量突破140万辆； 卓驭发布VLA多模态世界模型； ALPINA成为宝马旗下独立品牌； 宁德时代1325座换电站落成； 国内新闻： 2026年汽车国家补贴政策发布； 车企销量： 比亚迪12月乘用车销量414784台； 吉利汽车12月新能源销量154264台； 长安汽车12月销量25.48万台； 上汽通用五菱12月新能源销量96196台； 鸿蒙智行12月交付89611台； 奇瑞12月新能源销量83323台； 零跑汽车12月交付60423台； 小米汽车12月交付量超50000台； 蔚来公司12月交付48135台； 理想汽车12月交付44246台； 昊铂埃安BU12月销量 40066 台； 长城汽车12月新能源销量 38922 台； 小鹏汽车12月交付37508台 ； 北汽新能源12月销量35205台； 红旗新能源2025 ...

关注 「电动车公社」 和我们一起重新思考汽车 《今日新闻》将会每天给大家带来几条当日重磅新闻，并附上社长的简单评论。关注「电动车公社」，新能源圈大事小事 ，看我们就够啦～ 12月30日， 特斯拉全球第900万辆电动车在上海超级工厂下线，车型为特斯拉Model Y， 上海超级工厂以极高的生产效率，用6年时间贡献了特斯拉近半的 全球交付量。 特斯拉一直在经历国产新势力的"销量围攻"，但却一直凭借优秀的三电技术和品牌认可度稳居前列，按照这个生产速度，预计明年年中即可实现1000万辆汽 车生产下线，特斯拉超级工厂证明了"高端智造"和中国本土供应链结合的强大效率。 2、 华为乾崑智驾系统累计搭载量突破140万辆 今日新闻要点： 特斯拉全球产量突破900万辆 12月30日，华为轮值董事长孟晚舟披露，华为 乾崑智驾系统累计搭载量突破140万辆， 辅助驾驶里程近70亿公里。 1、 特斯拉全球产量突破900万辆； 华为乾崑智驾系统累计搭载量突破140万辆； 卓驭发布VLA多模态世界模型； 2026年汽车国家补贴政策发布； 新款传祺向往M8上市，售价30.99-35.99万元； 华为辅助驾驶合作汽车品牌已经超过15家，覆盖超过3 ...

Core Viewpoint - The Ministry of Industry and Information Technology of China has officially announced the first batch of L3 autonomous driving vehicle permits, marking a significant step towards the commercialization of L3 autonomous driving in the country [1] Group 1: Industry Developments - The first two models to receive permits are Changan Automobile's Deep Blue SL03 and BAIC's Arcfox Alpha S6, which will conduct pilot tests in designated areas of Beijing and Chongqing [1] - This approval follows the framework established in November 2023, which outlined the pilot program for L3/L4 vehicles, with 29 consortiums participating in the application process [2] - The selection of Changan and BAIC was based on comprehensive assessments of their R&D, testing, and emergency response capabilities, as well as third-party evaluations of safety and network security risks [2] Group 2: Vehicle Specifications - The Deep Blue SL03 utilizes Changan's self-developed "Tianshu Intelligent" technology, while the Arcfox Alpha S6 is equipped with Huawei's Qiankun driving system [3] - Both models have undergone extensive real-world testing and are classified as sedans, which offer better stability and precision in maneuvering compared to SUVs [3] - The permitted models can only operate under specific conditions: the Deep Blue SL03 is limited to a maximum speed of 50 km/h in congested traffic environments, while the Arcfox Alpha S6 can reach up to 80 km/h on highways and urban expressways [3] Group 3: Future Outlook - The approval of these two vehicles is expected to lead to a gradual expansion of L3 vehicle permits, rather than a blanket release, with further approvals anticipated as the regulatory framework develops [3] - Currently, the permitted vehicles are restricted to operation by ride-hailing service companies, indicating a focus on professional operation and strong monitoring rather than immediate consumer access [3]

Core Insights - The article discusses the rapid growth and challenges faced by Avita Technology, which plans to go public on the Hong Kong Stock Exchange after just three years since delivering its first vehicle. The company has experienced significant revenue growth but continues to incur substantial losses, raising questions about its long-term profitability and market position [2][3][4]. Group 1: Financial Performance - Avita's revenue has shown a consistent increase over the reporting period, with figures of 0.28 billion, 5.645 billion, 15.195 billion, and 12.208 billion from 2022 to the first half of 2025 [4][5]. - Despite the revenue growth, Avita has reported net losses of 2.016 billion, 3.693 billion, 4.018 billion, and 1.585 billion during the same period, totaling 11.312 billion in losses [5]. - The company's R&D expenditures have also increased significantly, with amounts of 0.544 billion, 0.66 billion, 1.214 billion, and 0.83 billion, reflecting a 167% year-on-year growth in the first half of 2025 [7]. Group 2: Market Position and Strategy - Avita aims to enhance its product lineup and has set ambitious sales targets of 400,000, 800,000, and 1.5 million units for 2027, 2030, and 2035, respectively, with a goal of achieving annual revenue of 100 billion by 2027 [8]. - The company has launched four models, with prices ranging from 200,000 to 700,000, and plans to introduce five upgraded models in collaboration with Huawei starting in 2026 [9][10]. - Avita has begun exporting vehicles, generating overseas revenue of 0.22 billion in 2024 and 0.686 billion in the first half of 2025, with plans to enter over 80 countries by 2030 [11]. Group 3: Financial Health and Valuation - As of 2024, Avita's total assets are approximately 29.154 billion, with total liabilities around 20.564 billion, resulting in a debt ratio of about 70.5% [13]. - The company has completed four rounds of financing totaling over 19 billion, with a significant C round raising over 11 billion in 2024 [14]. - Avita's valuation has fluctuated, with recent estimates around 26 billion, down from previous valuations of approximately 30 billion [15]. Group 4: Safety Concerns and Market Perception - Avita has faced multiple safety incidents, including vehicle fires, which have raised concerns about its safety standards and market credibility [16]. - The company has been criticized for its pricing strategies, including significant price reductions shortly after product launches, leading to dissatisfaction among early adopters [16]. Group 5: Future Outlook - The collaboration with major partners like Changan Automobile, Huawei, and CATL is central to Avita's growth strategy, providing a robust support system for product development and market expansion [17]. - The upcoming IPO is seen as a critical step for Avita to secure additional funding for its expansion plans and to enhance investor confidence [19][20]. - Leadership changes, including the appointment of a new chairman with extensive industry experience, signal a strategic shift towards integrated growth in sales, product definition, and international market presence [21][22].

Core Viewpoint - Avita Technology, backed by Changan, Huawei, and CATL, is leveraging a collaborative model to enhance its resource advantages in technology, funding, and product layout, leading to rapid revenue and scale growth [1][4]. Revenue and Losses - Avita has reported over 10 billion yuan in losses over three and a half years, with a high debt-to-asset ratio, raising significant uncertainty regarding its long-term profitability [2][12]. - Despite rapid revenue growth, Avita's losses have also increased, with net profit losses of 20.16 billion yuan, 36.93 billion yuan, 40.18 billion yuan, and 15.85 billion yuan during the reporting period, totaling 113.12 billion yuan [6][8]. Safety Incidents - Multiple safety incidents have led to increased market skepticism during Avita's IPO preparations, including a fire incident involving the Avita 06 model [3][15]. IPO and Growth Strategy - Avita plans to go public on the Hong Kong Stock Exchange in the second quarter of 2026, having achieved significant revenue growth since delivering its first vehicle in late 2022 [4][7]. - The company aims to achieve sales targets of 400,000 vehicles by 2027, 800,000 by 2030, and 1.5 million by 2035, with a goal of reaching annual revenue of 100 billion yuan by 2027 [9][10]. Research and Development - Avita has significantly increased its R&D spending, with expenditures of 5.44 billion yuan, 6.6 billion yuan, 12.14 billion yuan, and 8.3 billion yuan during the reporting period, reflecting a 167% year-on-year increase in the first half of 2025 [8][9]. Market Position and Valuation - Avita's valuation has fluctuated, with estimates around 300 billion yuan, but recent transactions suggest a valuation closer to 260 billion yuan [14][15]. - The company has completed four rounds of financing totaling over 19 billion yuan, with significant investments from Changan Automobile [13][14]. Strategic Partnerships - The collaboration model involving Changan, Huawei, and CATL is central to Avita's strategy, providing a robust framework for product development and market positioning [18][19]. - Avita's product lineup includes four models, with plans to launch five upgraded models in collaboration with Huawei starting in 2026 [9][10]. International Expansion - Avita has begun exporting vehicles, generating 220 million yuan in overseas revenue in 2024 and 686 million yuan in the first half of 2025, with plans to enter over 80 countries by 2030 [10][11]. Leadership Changes - The recent change in leadership, with Wang Hui taking over as chairman, is expected to drive Avita's second phase of expansion, focusing on integrated product definition and supply chain collaboration [22][23].

来源：市场资讯 （来源：车联新生态） 11月27日晚间，据港交所文件显示，阿维塔科技（重庆）股份有限公司向港交所提交上市申请书。阿维 塔科技表示，此次赴港上市所募集资金将主要用于产品开发、平台和技术开发、品牌建设、销售服务网 络建设，以及补充运营资金，进一步增强核心竞争力。据了解，阿维塔科技拟于明年二季度完成上市。 阿维塔科技的前身是长安蔚来新能源汽车科技有限公司，成立于2018年7月，由长安汽车和蔚来分别出 资50%成立，其中蔚来董事长李斌任董事长。长安蔚来的诞生是长安汽车预与蔚来合作打造高端新能源 品牌，但公司成立多年并没有太多进展，蔚来因为深陷亏损也分身乏术，最后蔚来股权被稀释，从50% 降到4.6%，李斌也卸任长安蔚来董事长，由谭本宏出任董事长。2021年5月，长安蔚来正式更名为阿维 塔科技有限公司（以下简称"阿维塔科技"）。2021年8月，阿维塔科技开始进行增资扩股，引入外部投 资者。据股权架构显示，目前长安汽车持股41%，宁德时代持股9%，其它公司合计持股50%。 | 智能新能源乘用車型 | 截至12月31日止年度 | | | 截至6月30日止六個月 | | | --- | --- | --- | ...

Core Viewpoint - The automotive industry is shifting back to a development trajectory based on safety and quality, moving away from chaotic marketing practices, particularly in the autonomous driving sector [2][11]. Industry Trends - The introduction of new battery standards and regulations on autonomous driving indicates a regulatory push to ensure safety in the electric vehicle sector [2]. - The phrase "when the tide goes out, you see who is swimming naked" applies to the autonomous driving technology industry, highlighting the need for genuine technological capabilities [3]. Technological Developments - The industry is facing malicious attacks and misleading evaluations that disrupt healthy development, prompting national measures against "internet water armies" and black public relations [4]. - A joint live test by Pacific Automotive and Tongji University showcased the superior performance of vehicles equipped with Huawei's QianKun intelligent driving system, achieving full marks in all nine testing scenarios [5]. - Huawei's QianKun intelligent driving system has demonstrated significant advancements, including a 50% reduction in system latency and improved decision-making speed [6]. Safety and Standards - Safety is emphasized as a core principle, with Huawei's QianKun integrating a multi-sensor approach to enhance safety in various driving conditions [11]. - The CAS 4.0 system provides comprehensive collision avoidance capabilities, significantly enhancing safety features in vehicles [12][14]. Market Position - As of October 2025, Huawei's QianKun has partnered with 15 leading automotive companies, producing 35 models and capturing a 27.8% market share in the autonomous driving sector [9]. - In the luxury vehicle market, Huawei's market share reached 52.75%, indicating strong consumer preference for its technology [9]. Data and Ecosystem - Huawei's QianKun intelligent driving platform benefits from a "snowball effect" driven by data collection from vehicles, enhancing algorithm optimization and user experience [15][16]. - The platform's cloud computing power reached 45 EFLOPS, enabling efficient processing of vast amounts of driving data [16][17]. - By October 2025, the cumulative driving distance for Huawei's QianKun intelligent driving system reached 58.1 billion kilometers, establishing it as a leader in the industry [18]. Competitive Advantage - The combination of data and scale creates a robust competitive moat for Huawei, making it increasingly difficult for smaller competitors to keep pace [20]. - The focus on safety and quality, alongside significant investments in technology and infrastructure, positions Huawei as a leader in the autonomous driving market [20].

Core Viewpoint - The automotive industry is returning to a development trajectory based on safety and quality, moving away from chaotic marketing practices [3][4][27]. Group 1: Industry Trends - The introduction of new battery standards and regulations on assisted driving indicates a shift towards prioritizing safety and quality in the automotive sector [3][4]. - The phrase "when the tide goes out, you see who is swimming naked" applies to the assisted driving technology industry, highlighting the need for genuine capabilities [5]. - The industry is witnessing a crackdown on malicious attacks and misleading evaluations that disrupt healthy development, supported by government actions against "internet water armies" and black public relations [7]. Group 2: Technological Advancements - The Huawei QianKun intelligent driving system has demonstrated superior performance in various tests, achieving full marks in all nine scenarios, particularly excelling in challenging situations [8][9]. - The QianKun system's architecture has improved response times by 50% and reduced braking rates by 70%, enhancing overall driving efficiency and user experience [11][12]. - The system has been upgraded to support cross-city commuting and can autonomously navigate from home to target parking spots, with an increasing number of supported parking facilities [11]. Group 3: Market Position and Performance - Huawei QianKun has established partnerships with 15 leading automotive companies, launching 35 mass-produced models and capturing a 27.8% market share in the assisted driving sector [12][20]. - The QianKun system has sold 452,000 units from January to September 2025, with a market share of 52.75% in the luxury car segment [12][20]. - The cumulative mileage for Huawei QianKun's assisted driving has reached 5.81 billion kilometers, with 35 million parking assists, leading in multiple core metrics [24][27]. Group 4: Safety and Reliability - Safety is embedded in the brand's DNA, with a commitment to prioritize safety at all levels of operation [16][17]. - The QianKun system features a comprehensive collision avoidance system capable of operating in various scenarios, enhancing overall safety [17][19]. - The system has successfully prevented over 3.18 million potential collisions, reinforcing its reputation as a reliable choice for automotive companies [19][29]. Group 5: Competitive Advantage - The QianKun platform benefits from a "snowball effect" driven by data collection from numerous vehicles, enhancing its algorithm and user experience [22][24]. - Huawei's significant investment in the assisted driving sector, exceeding billions annually, strengthens its technological development and product iteration capabilities [24][25]. - The combination of data and scale creates a robust competitive moat, making it challenging for smaller competitors to keep pace [27][29].

Core Viewpoint - The collaboration between Dongfeng and Huawei aims to create a new automotive brand, Yijing, with a significant investment of 10 billion yuan, focusing on high-quality products and services for consumers [2][5][6]. Investment and Collaboration - Dongfeng and Huawei are committed to a joint investment of 10 billion yuan, integrating their best resources from research and development to production [5][6]. - The Yijing brand is positioned as a new entrepreneurial venture, with both companies providing comprehensive support [4][5]. Product Development and Market Strategy - The first model under the Yijing brand will be a high-end intelligent full-size SUV, set to debut at the Beijing Auto Show in April 2026, with plans for at least one new model each year thereafter [6][9]. - Yijing aims to leverage Huawei's advanced technologies, including intelligent driving systems and the HarmonyOS cockpit, to enhance its product offerings [9][20]. Organizational Changes - Dongfeng has restructured its passenger vehicle brands, consolidating them under Yipai Technology to streamline operations and improve decision-making efficiency [12][15]. - The leadership of Yipai Technology is focused on creating a strong product lineup, with a target of 20 models by 2028, emphasizing continuous improvement and innovation [16][18]. Market Position and Sales Performance - Yipai has seen a sales increase, with October sales reaching 31,000 units, a year-on-year growth of 34.9% [15]. - The strategy includes targeting the market for vehicles priced below 200,000 yuan, although the brand faces challenges in creating standout models [16][18]. User-Centric Approach - The development process for Yijing will involve user collaboration, allowing potential customers to contribute ideas for product features and design [20]. - This approach aims to enhance customer engagement and ensure that the products meet the preferences of younger consumers [18][20].

其自主品牌和合资板块均面临智能化节奏差异、车型数量多、平台并行等现实约束，现有一汽奥迪 A5L、Q6L e-tron家族等车型配备华为乾崑智驾系统。 在这种情况下，一套能够覆盖油车与新能源车型、同时具备工程交付能力的智驾方案具有现实意义。卓 驭强调的"全栈自研"与"油电通用"，在一汽的体系中具备可扩展空间。 从行业层面看，这笔投资还反映出智能驾驶供应链的加速分层。竞争重心已从功能展示转向量产交付， 工程能力不足的供应商难以再获得车企和资本的资源倾斜；相反，能够稳定交付并具备规模化潜力的公 司，才具备穿越周期的可能。 经观感知 2025年11月，卓驭科技宣布获得来自中国一汽超过36亿元的战略投资，投后估值超过百亿元。 根据双方披露的信息，这笔交易完成后，卓驭仍然保持独立法人运营，一汽成为重要战略股东，双方将 在智能驾驶研发和量产落地上进一步加强协同。 双方的合作基础可以追溯到2024年4月。彼时，一汽与卓驭签署智能驾驶战略合作协议，后者的"成行平 台"10V高算力系统和惯导三目视觉方案陆续搭载在红旗天工系列、EH7 2025款、HS6 PHEV等车型上。 这些车型覆盖智能泊车、高速领航和全国可用的城市领航，项目 ...