吉利银河E5

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搭载天枢驾驶辅助、新蓝鲸动力 长安第四代CS55PLUS售7.89万元起
Zhong Guo Jing Ji Wang· 2025-09-28 08:19
但不可否认的是,当前主流SUV市场已迈入"品质消费"的新阶段,紧凑型新能源SUV如比亚迪宋 PLUS新能源、海狮05EV和吉利银河E5等,月均销量保持在万辆以上,快速抢占细分市场份额;反观长 安CS55PLUS尽管有混动版车型推出,但依旧难以重回巅峰状态。 9月25日,长安汽车正式推出全球车型——第四代CS55PLUS,新车共发布4款配置,叠加现金优惠 后售价区间为7.89万—9.69万元。在长安汽车"天枢智能"的加持下,第四代CS55PLUS以不到10万元的 售价,解锁高快领航和APA泊车辅助等功能,宣告"燃油车也可以很智能"。 长安汽车执行副总裁杨大勇表示:"中国汽车早已今非昔比,长安汽车不仅新能源做得好,在传统 动力领域与合资相比更是——后来居上、实力超车!"这不仅彰显了长安汽车作为"新央企"的技术自 信,更体现了其在燃油车领域的持续创新突破。 作为长安汽车"海纳百川"和"北斗天枢"计划下的全球战略车型,长安CS55自2017年上市以来,凭借 时尚的外观设计、空间舒适性,以及全系搭载1.5T发动机,在紧凑型SUV市场脱颖而出。截至目前,长 安CS55累计销售约110万辆,成为自主品牌SUV的一面旗帜。 ...
从半年报看车企销量周期后何时盈亏平衡?
Minmetals Securities· 2025-09-26 23:30
| 证券研究报告 行业点评 | 2025/9/27 | | --- | --- | | 汽车行业 | | | 投资评级 | 看好 | 从半年报看车企销量周期后何时盈亏平衡? 分析师:张娜威 登记编码:S0950524070001 联系电话:18551983137 邮箱:zhangnawei@wkzq.com.cn 分析师:顾思捷 登记编码:S0950525030001 联系电话:18862755264 邮箱:gusj@wkzq.com.cn 2 珍惜有限 创造无限 1、销量趋势:后起之秀的产品周期带动了份额提升 珍惜有限 创造无限 报告摘要 自2024Q2以来,吉利、零跑、小鹏、小米等销量和份额持续上涨,龙头企业份额被蚕食,尾部企业出清。吉利、零跑、小鹏定位大众市 场,通过极致性价比车型吉利星愿、吉利银河E5、零跑C10、小鹏MONA M03等带动销量持续增长,小米则依靠强大的品牌力获得增长,新 势力企业零跑、小鹏、小米的销量持续稳定在单季度8~12万辆之间。从份额角度看,这些企业的增长主要是蚕食了龙头企业的份额,比如比 亚迪、特斯拉份额同比去年减少了5.1%、2.3%。 规模效应逐步显现,零跑、小鹏、小米毛 ...
长城欧拉再战A级纯电SUV市场 已重启独立渠道招商
Mei Ri Jing Ji Xin Wen· 2025-09-19 12:45
Core Viewpoint - The Ora brand of Great Wall Motors, which has not launched new models in the past three years, is re-entering the A-class pure electric SUV market with the introduction of the "Ora Cat" model, aiming to regain market presence and boost sales [1][2][3]. Group 1: New Model Launch - The "Ora Cat" is a new A-class pure electric SUV with a wheelbase of 2720 mm, featuring a lithium iron phosphate battery from Honeycomb Energy and optional laser radar [1]. - The Ora brand plans to launch two new models globally in the second half of this year, indicating a strategic shift to re-enter the mainstream market [1][3]. - The "Ora Cat" is not the final name for the new SUV, as a naming poll is being conducted, with "ORA 5" currently leading [3]. Group 2: Market Positioning and Competition - The A-class pure electric SUV market is currently dominated by BYD and Geely, with the top three models in sales being BYD Yuan PLUS, Song PLUS New Energy, and Geely Galaxy E5 [2]. - The Ora brand's previous models, including the "Cherry Cat," have not been successful in driving sales, with the "Good Cat" series contributing over half of the brand's sales in the first eight months of this year [2][7]. Group 3: Channel Strategy - The Ora brand is establishing independent channels and expanding its channel recruitment efforts, particularly in southern provinces such as Jiangsu, Guangzhou, and Sichuan [1][5]. - Despite the new channel strategy, the existing sales model that combines Ora and Haval brands remains in place for the time being [4][5]. Group 4: Sales Performance - The Ora brand's sales have shown signs of recovery, with August sales reaching 5,223 units, a year-on-year increase of 1.4% [6][7]. - The brand's focus on enhancing mainstream models and expanding overseas markets is part of a broader strategy to revitalize sales [6].
吉利银河星舰7 EM-i海外首发登陆澳洲 吉利汽车集团加速深耕右舵市场
Zhong Guo Jin Rong Xin Xi Wang· 2025-09-19 05:21
转自:新华财经 近日,吉利银河星舰7 EM-i(澳大利亚市场名:STARRAY EM-i)正式开启出海征程,率先在澳大利亚上市,不仅汇聚了百余位全球媒体代表、知名KOL一 同到场见证,还在上市后第三天便迎来了首位车主交付,充分展现了"上市即交付"的速度与实力。此外,吉利银河星舰7 EM-i还将于今年内陆续登陆波兰、 印尼、泰国、墨西哥等近20个国家,实现亚太、欧洲、拉美、非洲等市场多点开花。 作为吉利品牌在澳洲加码布局的第二款智能电动精品车,吉利银河星舰7 EM-i将以领先的雷神EM-i超级电混技术、前沿的智能科技和出色的性能品质,不仅 带给澳洲消费者更丰富多元的智能电动出行新选择,更推动吉利在当地的产品布局实现跨越式升级,进一步形成纯电与混动技术双线并行的全球新能源产品 矩阵,为澳洲新能源市场注入新动能,加速驱动当地汽车产业的电动化转型进程。 同时,吉利国际服务品牌GEELY CARE+也在澳大利亚全球首发,将贯彻"以用户为中心"的服务理念,以高品质服务,传递"专业、高效、友好"的品牌价 值,携手用户探索美好旅程。 (吉利国际公司副总经理叶勤在发布会现场致辞) 自今年3月进入澳洲市场,吉利品牌就以吉利银河E ...
亿咖通Q2安托拉出货增长112%,全球装车量突破930万
Jing Ji Guan Cha Wang· 2025-09-02 01:53
Core Insights - Yika Technology reported that the number of vehicles equipped globally surpassed 9.3 million units, with Antora series shipments reaching 135,000 units, marking a year-on-year increase of 112%, setting a new record [1] - The Antora series has been integrated into popular domestic models such as Geely Galaxy E5 and Lynk & Co Z20, and has entered the Volkswagen supply chain, with initial models set to launch in Brazil and India [1] - The series features the "Long Eagle No.1" 7nm automotive-grade chip, supporting multi-screen interaction and integrated cabin experience, which is seen as a key driver for Yika Technology's expansion in the smart cockpit market [1]
解码吉利汽车中报:国内车企的“抗压典范”
Huan Qiu Lao Hu Cai Jing· 2025-08-21 02:34
Core Insights - Geely Auto reported a record revenue of over 150 billion yuan in the first half of 2025, achieving a core net profit of over 6.6 billion yuan, with a year-on-year growth rate of 102% [1][2] - The company sold 1.409 million vehicles in the same period, marking a 47% increase year-on-year and surpassing a 10% market share for the first time [1][2] - Geely Auto's strong performance amidst a competitive market reflects its operational resilience and effective implementation of the "Taizhou Declaration" [1][2] Financial Performance - Total revenue for the first half of 2025 reached 150.3 billion yuan, a 27% increase year-on-year, with a gross profit of 24.7 billion yuan and a gross margin of 16.4% [4] - The company reported a significant cash reserve of 58.8 billion yuan, with a net cash inflow from operating activities of 15 billion yuan [4] Sales and Market Position - Geely's fuel vehicles sold 684,000 units, achieving an 8% increase despite a 3.9% decline in the overall fuel vehicle market [3] - The company's new energy vehicles (NEVs) saw total sales exceeding 725,000 units, a 126% increase year-on-year, with a penetration rate of 51.5% [3] - Geely's NEV market share has increased to 11.1%, narrowing the gap with the market leader [7] Strategic Goals - Geely has raised its annual sales target from 2.71 million to 3 million vehicles, reflecting confidence in continued strong sales performance [6] - The company is expanding its NEV offerings and plans to enhance its international presence, targeting positive growth in export sales [9] Technological Advancements - Geely is actively pursuing an intelligent transformation strategy, having launched the "Smart Geely 2025" initiative and developed a comprehensive AI technology framework [11][12] - The company plans to upgrade its "Flyme Auto" smart cockpit system and implement new L3 autonomous driving technologies in the near future [12][13] Market Outlook - Analysts have raised their revenue and profit forecasts for Geely, reflecting strong sales predictions and improved brand integration [5] - The company is positioned to leverage its technological advancements and market strategies to enhance its competitive edge in the automotive industry [13]
半年营收首次突破1500亿元,吉利汽车整合初战告捷
Di Yi Cai Jing· 2025-08-16 02:59
Core Insights - Geely Automobile reported a record revenue of 150.3 billion yuan for the first half of 2025, marking a significant year-on-year increase of 27% [1] - The company's net profit attributable to shareholders reached 9.29 billion yuan, with core net profit growing by 102% to 6.66 billion yuan after excluding non-core losses [1] Financial Performance - Total revenue for the first half of 2025 was 150.3 billion yuan, a historical high [1] - Net profit attributable to shareholders was 9.29 billion yuan, with core net profit at 6.66 billion yuan, reflecting a 102% increase year-on-year [1] - Gross profit margin improved to 16.4%, with total gross profit rising to 24.7 billion yuan [11] Sales and Market Position - Geely's total sales reached nearly 1.41 million units in the first half of 2025, a 47% increase year-on-year, with a market share exceeding 10% for the first time [5] - The company raised its annual sales target from 2.71 million to 3 million units, an increase of approximately 11% [5] - Cumulative sales of new energy vehicles reached 725,000 units, a 126% increase year-on-year [5] Strategic Integration - The term "integration" encapsulates Geely's strategy for the first half of 2025, highlighting the successful merger of Zeekr and Lynk & Co, which resulted in a 14.5% increase in combined sales to 245,000 units [6][7] - The strategic integration has led to significant operational efficiencies, with a decrease in R&D expense ratio by 5.8 percentage points to 7.8% and a reduction in selling and administrative expense ratio by 1.2 percentage points to 12.3% [7][11] Future Outlook - Geely plans to further enhance its competitive edge in the smart new energy sector through the formal merger with Zeekr, expected to be completed within the year [12] - The company aims to cover all powertrain forms, including fuel, pure electric, hybrid, and alcohol-hydrogen, while expanding its presence in mainstream, mid-to-high-end, and luxury markets [12] - The launch of new models is set to support the achievement of the 3 million sales target, with multiple new energy products scheduled for release in the second half of 2025 [18]
1503亿营收、66.6亿净利 吉利以“反内卷”重构高质量增长逻辑
Zhong Guo Jing Ying Bao· 2025-08-15 12:37
Core Viewpoint - The Chinese automotive market is undergoing significant structural adjustments, with a notable rise in new energy vehicle sales, which accounted for 44.3% of total new car sales in the first half of 2025. Despite intense competition, Geely Auto has successfully navigated these challenges by promoting a "anti-involution" strategy, focusing on quality growth rather than price wars [1][2][23]. Industry Overview - In the first half of 2025, China's automotive production and sales reached 15.62 million and 15.65 million units, respectively, with new energy vehicles (NEVs) producing 6.97 million and selling 6.94 million units [1]. - The overall market is experiencing fierce competition, but Geely Auto has differentiated itself by emphasizing long-term strategies and comprehensive strength [1][2]. Company Performance - Geely Auto reported a record revenue of 150.3 billion yuan in the first half of 2025, a 27% year-on-year increase, with a core net profit of 6.66 billion yuan, reflecting a 102% growth [3]. - The company's total sales reached 1.409 million units, with NEVs accounting for 51.5% of total sales, marking a 126% increase year-on-year [3][5]. - Geely has raised its annual sales target from 2.71 million to 3 million units based on strong first-half performance [3]. Brand Performance - Geely's various brands have contributed to a robust sales structure, with Geely Galaxy achieving sales of 548,000 units, a 232% increase [5]. - Zeekr brand sold 90,700 units in the first half, while Lynk & Co sold 154,000 units, showcasing strong market performance across different segments [7][11]. Cost Management and Efficiency - Geely has effectively controlled costs, with R&D expenses decreasing to 4.9% of revenue and sales and management expenses down to 5.6% [11]. - The integration of Zeekr and Lynk & Co has led to significant technical synergies, enhancing operational efficiency [11]. Technological Advancements - Geely is investing heavily in technology, particularly in smart electric vehicle systems, with breakthroughs in autonomous driving technology [12][14]. - The company has established a new battery division, enhancing safety and performance in its electric vehicle offerings [16]. Global Expansion - Geely's global strategy is expanding, with over 180,000 units exported in the first half of 2025 and a growing presence in 85 countries [17][20]. - The company is focusing on high-value exports and local production, with new factories in Egypt and Indonesia supporting its international operations [17][22]. Conclusion - Geely Auto's mid-year performance reflects its commitment to the "anti-involution" strategy, with significant revenue growth and an increased sales target. The company's focus on technology, quality, and global expansion positions it well for future growth in the competitive automotive landscape [23].
7月新能源汽车市场渗透率近50%
Zhong Guo Zheng Quan Bao· 2025-08-11 21:05
Core Insights - In July, China's automobile sales reached 2.593 million units, showing a month-on-month decline but a year-on-year increase of 14.7% [1] - New energy vehicle (NEV) sales continued to grow rapidly, with 1.262 million units sold in July, accounting for 48.7% of total new car sales [2] - The automotive industry is playing a significant role in stimulating domestic demand, with NEV production and sales for the first seven months reaching 8.232 million and 8.22 million units, respectively, marking a year-on-year growth of 39.2% and 38.5% [2] Automotive Market Performance - In July, total automobile production and sales were 2.591 million and 2.593 million units, respectively, with month-on-month declines of 7.3% and 10.7%, but year-on-year increases of 13.3% and 14.7% [1] - Passenger car sales reached 2.287 million units in July, with a year-on-year growth of 14.7% and a market share of 70.1% for Chinese brands, up 3.8 percentage points from the previous year [1] New Energy Vehicle Growth - NEV production and sales in July were 1.243 million and 1.262 million units, respectively, with year-on-year growth of 26.3% and 27.4% [2] - NEV sales accounted for 45% of total new car sales from January to July, indicating a strong market presence [2] - NEV exports significantly contributed to overall automotive export growth, with July exports reaching 575,000 units, a year-on-year increase of 22.6% [2] New Model Launches - Several automakers launched new models in July, particularly in the SUV segment, to enhance market supply [3] - Geely's Galaxy A7 and XPeng's new P7 were among the notable launches, with Geely aiming for over 1 million annual sales [3] Policy Impact on Consumption - The Chinese government has initiated policies to support automotive consumption, including a new round of long-term special bonds for trade-in programs [4] - Upcoming tax reductions for NEVs purchased between January 1, 2026, and December 31, 2027, are expected to boost consumer confidence and stimulate sales [4][5] Competitive Landscape - The competitive edge of NEVs is not solely reliant on tax incentives but also on advanced features such as intelligent driving and stylish designs, which attract consumers willing to pay a premium [6] - Companies are focusing on product differentiation, cost advantages through vertical integration, and building robust technology and service ecosystems to maintain competitiveness [6]
起底汽车检测商业链条:75%毛利背后的隐秘规则
Di Yi Cai Jing· 2025-08-04 08:35
Core Viewpoint - The incident involving the Ideal i8 vehicle colliding with a truck has raised significant public concern regarding the integrity and scientific validity of automotive testing conducted by third-party institutions like China Automotive Research (CARS) [1][8] Group 1: Incident and Response - The collision test video showing the Ideal i8 causing a truck to "fly" has sparked widespread debate about the realism and physics of such outcomes [1] - Both CARS and Ideal Automotive issued statements clarifying that the test was designed based on common traffic accident scenarios [1] Group 2: Testing Procedures - The collision tests are typically customized projects where the manufacturer specifies the testing requirements, leading to a lack of standardized procedures [2][4] - Preparations for these tests involve multiple steps, including site selection and equipment setup, requiring collaboration between the manufacturer and the testing agency [2][3] Group 3: Market Dynamics - CARS has developed commercial testing projects like SUPER CRASH, which are utilized by various automotive manufacturers to validate safety features [5][6] - The pricing for these tests varies significantly based on complexity, with costs ranging from hundreds of thousands to millions of yuan [6] Group 4: Credibility Challenges - The intertwining of commercial interests and testing integrity poses challenges to the credibility of third-party testing agencies, as they must balance business sustainability with impartiality [7][8] - The recent Ideal i8 incident has highlighted the potential for misleading results that could distort public perception of vehicle safety [8] Group 5: Industry Trends - The automotive testing industry is expanding, particularly in the realm of intelligent driving assessments, driven by regulatory changes and market demand [9][10] - There is a growing need for a comprehensive and scientifically valid evaluation system for intelligent driving technologies, as current methods may not adequately reflect real-world performance [10]