Group 1: Industry Challenges - The automotive industry is facing intense "price wars," leading to increased pressure on suppliers to lower prices and extend payment terms, resulting in a challenging financial environment for suppliers [2][3] - In 2024, the loss ratio for automotive dealers is projected to be 41.7%, with a significant reduction in the number of 4S dealerships, marking the first negative growth since 2021 [2] - The average accounts payable turnover days for major automotive companies have been rising, with Haima Automotive at approximately 206 days and BYD at about 146 days as of Q3 2024 [5] Group 2: Supplier Financial Strain - Suppliers are experiencing extended payment cycles, with some reporting payment terms ranging from 30 to 120 days, which is exacerbated by the competitive landscape [3][4] - Financial platforms promoted by automakers, such as BYD's DiChain, have extended payment cycles to six months, further straining supplier cash flow [4] - The new regulations effective June 1, 2023, aim to protect small and medium enterprises from forced acceptance of non-cash payment methods that could extend payment terms [6] Group 3: Dealer Dynamics - Dealers are facing high inventory levels and liquidity risks, with a reported increase in overall inventory by 12,000 vehicles in early 2025, breaking a five-year trend of inventory reduction [7][9] - The financial struggles of dealers are highlighted by the bankruptcy of several dealerships, including the Qiancheng Group, due to cash flow management issues exacerbated by manufacturer policies [7][8] - Only 35% of 4S stores met or exceeded their sales targets in the first half of the year, indicating significant pressure on dealer operations [9] Group 4: Market Response and Future Outlook - There is a growing consensus among industry leaders to move away from destructive price wars, with calls for a healthier competitive environment to stabilize the industry [11][13] - In Q1 2025, the number of models experiencing price reductions decreased significantly compared to the previous year, indicating a potential shift in market strategy [11] - Major brands are implementing substantial price cuts, with some models seeing reductions exceeding 100,000 yuan, reflecting the ongoing competitive pressures in the market [12]

【文/观察者网 潘昱辰 编辑/高莘】6月5日，奇瑞风云A8上市。新车定位为A级新能源轿车，共推出5款 车型，售价区间为7.99万—10.99万元。其中3款车型搭载1.5L发动机，进一步拉低了售价门槛。 奇瑞风云A8价格 奇瑞 汽车 值得一提的是，新车在上市之前，专门对一台行驶17万公里的风云A8进行了拆解，以彰显该车型的安 全实力。 奇瑞风云A8 奇瑞汽车 而风云A8新车型的入市，则是奇瑞在主流消费市场践行这一战略的重要举措。 新车详情链接： 奇瑞风云A8在外观设计上偏运动，前脸采用多边形进气格栅加点阵式镀铬装饰，两侧是LED大灯组； 车身侧面采用了运动化的俯冲姿态，配合双拼色18英寸多幅式铝合金轮毂。尾部采用熏黑贯穿式尾灯， 配合小鸭尾造型以体现运动感。 奇瑞风云A8 奇瑞汽车 新车长宽高分别为4780/1843/1487mm，轴距为2790mm。 进入内部，奇瑞风云A8配备24.6英寸双联屏，搭载Lion5.0 AI科技智慧座舱系统，支持CarPlay和 HUAWEI HiCar手机互联功能。车内多用软性皮质材料包裹，后排座椅支持整体放倒，满足家庭出行时 的载物需求。 当然，作为面向主流市场的车型，面对比 ...

5月15日，吉利汽车控股有限公司（以下简称"吉利汽车"）（0175.HK）发布2025年第一季度财报，财 报显示，2025年第一季度，吉利汽车实现营收、净利双增。其中营收为724.95亿元，同比增长25%；归 母净利润达56.72亿元，较去年同期增超两倍，此外，销量方面也创下历史新高。 与此同时，极氪智能科技有限公司（以下简称"极氪"）（NYSE：ZK）也披露了同期业绩情况。这也是 自去年吉利集团宣布将领克并入极氪后，其交出的第一份季度成绩单，总体来看，极氪已实现扭亏为 盈。 此外，近期吉利正计划私有化极氪，在一季度财报会上，吉利方面宣布，二者合并完成后，将由李东辉 出任吉利控股集团副董事长，现极氪科技集团CEO安聪慧出任吉利控股集团CEO，淦家阅则出任合并后 的吉利汽车集团CEO。 净利润增超两倍，总销量创历史新高 5月15日，吉利汽车发布2025年第一季度财报。财报数据显示，2025年第一季度吉利汽车实现营收、净 利双增。其中营收为724.95亿元，较之去年同期的582.25亿元，同比增长25%；归母净利润达56.72亿 元，与去年同期的15.60亿元相比增长264%，增超两倍。此外，毛利总额提升至114 ...