2025年，中国汽车市场进入结构性变革深化期，市场竞争更趋白热化、技术迭代持续加速、消费需求分化升级，叠加全球贸易环境复杂化与供应链重构的双 重压力，行业淘汰赛进程不断加快……面对一系列的严峻挑战，吉利汽车集团依托于"一个吉利"战略的深度整合与全面落地，以吉利、领克、极氪多品牌协 同聚能的强大体系力穿越周期，释放强劲的发展韧性，不仅圆满收官"智能吉利"2025战略，更交出了年度总销量超302万辆、同比增长39%，新能源销量近 169万辆、同比增长90%，累计销量破2000万辆的出色答卷。这持续创新高的里程碑背后，印证了"一个吉利"战略的前瞻性与实践成效，标志着吉利汽车集 团以战略协同为核心，在产品矩阵创新、全域AI技术突破、全球化生态拓展等领域实现体系化突破，以"韧稳行远"的增长态势，为中国汽车产业在变革中实 现高质量韧性发展树立了可借鉴的实践范本。 9款全新智能新能源车、数十款产品焕新，油电齐发力强化韧性增长底气 在汽车行业转型深化、市场竞争格局重构的2025年，产品矩阵的系统性构建与价值升级，是吉利汽车集团穿越周期、实现高质量韧性增长的核心支撑。这一 年，吉利汽车集团以"全品类覆盖、多品牌协同、技术全赋能 ...

从某种程度上讲，N7证明了东风日产拥有"破局"的勇气和产品定义能力，而N6则是检验它是否拥有"深耕"的耐力与体系支撑力。 "两个月卖出118台，光提成就拿了15万！" 2025年夏天，一段东风日产4S店销冠接受采访的视频流出，成为N7上市初期火爆最生动的注脚。上市50天，大定2万辆，彼时，所有迹象指向一个结论：合 资品牌的电动化反击，这次要成了。 然而冷锋来得比想象更快。数据显示，N7 7月交付6455辆，8月交付过万，达10148辆，9月回落到6410辆，环比下滑35.55%，10月稳定在6540辆。从某种程 度讲，N7的出现在一定程度上扭转了人们对东风日产或者说合资车企的一些评价，但整体来看还是有点儿高开低走。 就在N7的余温尚未散尽之时，另一场更为激进的冲锋已经发起。12月1日，东风日产天演架构下的首款插混车型东风日产N6正式上市。新车售价区间为9.99 万元-12.99万元，如果叠加限时优惠方案，限时权益价来到了9.19万元。定位既瞄准了比亚迪秦L、吉利银河A7等自主插混轿车，也对朗逸、速腾等合资油 车有不小的杀伤力。 对于日产来讲，这个比预售价最高下调8000元、直接击穿辆合资混动底线的定价的车，早 ...

贵阳基地的智能化升级为产品交付提供了关键支撑。2025年初，该基地启动新能源银河A7智能化产线 升级改造项目，采用大数据与制造业深度融合的理念，整合了工业机器人、智能设备和数字化系统，打 破了传统车企在转型过程中面临的产能限制，年产能得到迅速提升至30万辆，不仅保障了吉利银河A7 的交付速度，更通过先进制造工艺保障了其高水准的交付品质。作为扎根贵州十年的汽车企业，吉利贵 阳基地已成为地方产业升级的"破局者"，推动贵州汽车产业从单一制造向智能新能源转型。 吉利银河相关负责人表示，后续将继续通过OTA升级等方式持续优化产品，为用户提供更加绿色智能、 便捷高效的出行体验，推进"百万银河"战略落地及全球化布局。吉利贵阳基地也将继续深耕黔中大地， 紧跟新能源、智能化产业变革机遇，以实际行动深度融入"电动贵州"建设，为地方高质量发展及汽车产 业千亿级目标达成注入持续动力。（汪汇） 编辑：穆皓 转自：新华财经 11月25日，吉利贵阳基地迎来重要节点——2025年第20万辆暨银河A7第7万辆整车正式下线。作为贵州 汽车产业的核心生产基地，贵阳基地年产突破20万辆的成绩，不仅印证了吉利新能源转型的成效，更成 为贵州抢抓"电动贵 ...

Group 1 - Geely Holding Group was recognized as the "Leading Enterprise in Hybrid Power Control Technology Innovation" in the recent evaluation conducted by the China Automotive Intellectual Property Utilization Promotion Center [2] - Geely holds 161 authorized patents in hybrid power system control technology, with a comprehensive patent innovation index of 145.69 and a technical innovation score of 90, all ranking first in the industry [2] - The company launched the industry's first AI scenario engine-based power domain intelligent system, Starry AI Cloud Power 2.0, which enhances the Thunder God electric hybrid system to version 2.0, currently implemented in models like Geely Galaxy M9 and Galaxy A7 [2] Group 2 - Geely's Q3 financial report shows a revenue of 239.5 billion yuan for the first three quarters, a year-on-year increase of 26%, with Q3 revenue reaching 89.2 billion yuan, up 27%, marking a new high for a single quarter [3] - The total R&D investment from January to September was 14.6 billion yuan, reflecting an 8% year-on-year increase, with ongoing advancements in areas such as assisted driving, AI cockpit, AI electric hybrid, and satellite communication [3]

Core Viewpoint - Dongfeng Nissan is officially entering the plug-in hybrid market with the launch of its first plug-in hybrid sedan, the N6, which is positioned to compete in a market dominated by domestic brands [2][3]. Group 1: Product Launch and Strategy - The N6 is set to be priced between 109,900 and 121,900 yuan, with aggressive pricing strategies aimed at capturing market share in the plug-in hybrid segment [2][3]. - Dongfeng Nissan plans to launch six new energy models by 2027, covering pure electric, plug-in hybrid, and range-extended powertrains as part of its "All in China" strategy [2][3]. - The N6 aims to boost Dongfeng Nissan's sales, which have been declining since 2018, particularly after a significant drop in 2022 [2]. Group 2: Market Positioning - The N6 fills a gap in Dongfeng Nissan's product lineup, creating a product hierarchy with the N6 targeting the mid-range plug-in hybrid market and the N7 focusing on high-end pure electric vehicles [3][4]. - The N6's specifications, including a 2815mm wheelbase and 4831mm length, position it as a standard mid-size sedan while its pricing aligns it with compact cars, creating a competitive edge [4]. Group 3: Technical Features - The N6 features a 21.1 kWh battery with a pure electric range of 180 kilometers, outperforming competitors in the same category [4]. - The vehicle boasts a low fuel consumption of 2.79L per 100km in electric mode and a combined range exceeding 1300 kilometers [4]. - The N6 incorporates an industry-first "anti-stall three-level intelligent control algorithm," ensuring stable power output across a wide temperature range [4]. Group 4: Market Challenges - The plug-in hybrid market in China is experiencing a slowdown, with a cumulative sales growth of only 17.8% in 2025, significantly lower than the 42.9% growth for pure electric vehicles [5]. - Dongfeng Nissan faces a challenging environment as it attempts to capture market share from established domestic brands in a slowing plug-in hybrid market [5].

Core Insights - BYD launched three new models on October 23, including the 2026 Qin L DM-i with a starting price of 92,800 yuan after subsidies, and the 2026 Song L DM-i/Song Pro DM-i priced between 99,800 to 156,800 yuan after subsidies [1] - The new models feature the fifth-generation DM hybrid system with improved fuel efficiency, such as the Qin L DM-i achieving a fuel consumption of only 2.79 liters per 100 kilometers in electric mode, and a comprehensive range of 2,148 kilometers [1] - Existing owners of the Qin L DM-i can reduce fuel consumption through OTA updates, lowering the previous model's fuel consumption from 2.9 liters to 2.6 liters per 100 kilometers, resulting in savings of approximately 40 yuan per full tank based on current fuel prices [1] Fuel Efficiency Technology - BYD's fuel consumption reduction is achieved through a combination of software and hardware, utilizing an intelligent electronic control system that dynamically adjusts algorithms based on cloud data and AI learning [2] - The system enhances the collaboration efficiency between the engine and electric motor by predicting vehicle operation modes based on road conditions and adjusting recovery strength according to driving habits [2] - BYD's senior vice president emphasized that the integration of electric and intelligent driving technologies marks the beginning of a new phase in automotive development, aiming to achieve fuel consumption in the 2-liter range for plug-in hybrids [2] Market Context - The fuel consumption claims of the 2025 Qin L DM-i, initially set at 2.9 liters per 100 kilometers, have sparked industry debate, especially when compared to traditional fuel-efficient vehicles from brands like Toyota and Honda, which average around 4 liters [3] - Competing plug-in hybrid models, such as the Geely Galaxy A7 and Changan Qiyuan Q07, have also reported fuel consumption figures of approximately 2.67 liters and 3.9 liters per 100 kilometers, respectively [3]

Core Viewpoint - Geely Automobile's stock price increased by over 5% following the announcement of a HKD 2.3 billion share buyback plan aimed at optimizing its capital structure and enhancing shareholder value [1] Group 1: Financial Performance - As of the latest report, Geely's stock price rose by 4.68% to HKD 19.24, with a trading volume of HKD 1.056 billion [1] - The company achieved a sales volume of 273,125 vehicles in September 2025, reflecting a month-on-month growth of 9% and a year-on-year growth of 35%, marking the seventh consecutive month of both month-on-month and year-on-year growth [1] Group 2: Future Outlook - According to Cathay Securities, Geely's sales growth has remained robust from 2025 to the present [1] - Several new models, including Geely Galaxy A7, Geely Galaxy M9, Geely Galaxy Xingyao 6, Zeekr 9X, and Lynk & Co 10EM-P, are set to launch in the second half of 2025, contributing to the company's growth strategy [1] - The global expansion of Geely, Zeekr, and Lynk & Co brands is accelerating, with the company steadily progressing towards its annual sales target of 3 million vehicles [1]

Core Viewpoint - Geely Automobile announced a share buyback plan of HKD 2.3 billion to optimize its capital structure, which has positively impacted its stock price, leading to a rise of over 5% in late trading [1] Group 1: Financial Performance - As of the latest report, Geely's stock price is HKD 19.24, with a trading volume of HKD 1.056 billion [1] - The company achieved a sales volume of 273,125 vehicles in September 2025, representing a month-on-month increase of 9% and a year-on-year increase of 35%, marking the seventh consecutive month of double growth [1] Group 2: Future Outlook - According to Guotai Junan Securities, Geely's sales growth rate has remained high since 2025 [1] - Several new models, including Geely Galaxy A7, Geely Galaxy M9, Geely Galaxy Xingyao 6, Zeekr 9X, and Lynk & Co 10EM-P, are set to launch in the second half of 2025, contributing to the company's growth [1] - Geely is accelerating the globalization of its Geely, Zeekr, and Lynk & Co brands, aiming to steadily reach an annual target of 3 million vehicles [1]

Core Viewpoint - Cathay Pacific Haitong's report indicates that Geely Automobile's brand structure is reasonable and clear, with expectations for continued growth in overall revenue and net profit attributable to shareholders as the "Smart Geely 2025" strategy is gradually implemented [1][2] Group 1: Financial Projections - The company forecasts net profit attributable to shareholders for 2025-2027 to be 16.3 billion, 18.2 billion, and 23.7 billion respectively, with EPS of 1.61, 1.80, and 2.34 [1] - A target price of 29.2 HKD is set for 2025, based on a PE ratio of 16.6 times [1] Group 2: Sales Performance - In September 2025, Geely's sales reached 273,000 units, a year-on-year increase of 35%, with new energy vehicle sales of 165,000 units, including 100,000 pure electric and 66,000 plug-in hybrids, reflecting year-on-year growth of 55% and 146% respectively [1] - From January to September 2025, total sales were 2.17 million units, up 46% year-on-year, with new energy vehicle sales of 1.168 million units, including 794,000 pure electric and 374,000 plug-in hybrids, showing year-on-year growth of 141% and 73% respectively [1] - By brand, Geely brand sales were 1.785 million units (up 55%), Lynk & Co brand sales were 241,000 units (up 23%), and Zeekr brand sales were 144,000 units (up 1%) [1] Group 3: Future Outlook - Geely aims for a total sales target of 3 million units for the year 2025 [2] - Multiple new models, including Geely Galaxy A7, M9, Star 6, Zeekr 9X, and Lynk & Co 10EM-P, are set to launch in the second half of 2025, alongside accelerated globalization efforts for Geely, Zeekr, and Lynk & Co brands [2]

Core Viewpoint - The 2025 World Artificial Intelligence Conference (WAIC) in Shanghai highlighted advancements in AI technology, particularly in the automotive sector, showcasing the integration of AI in various applications and the future of autonomous driving [3][12]. Group 1: AI and Autonomous Driving Developments - The "Shanghai High-Level Autonomous Driving Leading Area 'Mosu Zhixing' Action Plan" was released, aiming to establish a leading autonomous driving zone by 2027, covering 2,000 square kilometers and achieving 6 million passenger rides [5][12]. - Several companies, including SAIC, Pony.ai, Baidu, and Chery, provided L4-level autonomous driving shuttle services during the event, demonstrating the commercialization of autonomous driving [6][12]. Group 2: Company Showcases and Innovations - Geely showcased its full AI layout with new products like the Zeekr 9X and Lynk & Co 10EM-P, along with innovations in intelligent driving systems and AI wearable devices [7][12]. - Tesla presented its smart electric vehicles, humanoid robots, and advanced driver-assistance technologies, with plans to further implement these systems in China within the year [8][12]. - Yika Technology displayed its latest achievements in smart cockpit, assisted driving, and AI models, emphasizing the integration of AI in automotive applications [9][12]. Group 3: AI Models and Solutions - Various companies released AI models for different applications, such as MogoMind by Mushroom Car Union, which focuses on deep understanding of the physical world, and Hymala by Xijing Technology, designed for multi-modal logistics [10][12]. - Zebra Zhixing and Qualcomm introduced the world's first end-side multi-modal large model solution based on the Qualcomm 8397 platform, achieving 90% service closure on the vehicle side [11][12].