最近这两年，车企们就像找准了风口一般疯狂推出大6座SUV，从空间卷到配置，从三电卷到价格……其中，就包括今天想和大家聊聊的吉利银河M9。 本以为这台吉利旗舰平平无奇，但没想到滑布李摸到实车后直呼NB—— 果然，在摸到一台好车之后的喜悦是藏不住的 。 关注 「电动车公社」 和我们一起重新思考汽车 那么，吉利银河M9究竟藏着哪些设计细节？又能否凭借功能上的巧思和强悍的配置，在6座大SUV市场夺得一席之地？（文字版，给大家附在下面了） 关注电动车公社 视频号 更多精彩视频不错过 戳开看视频 在滑布李看来，吉利银河M9就是一台"利用吉利品牌的技术能力，打造的比较实用、且足够好看的车"。 在聊车之前，先简单过一遍外观。 吉利银河M9的车头车尾采用了 星汉涟漪 的设计，这种双层镭雕工艺在内部设置了多层大小不一的亮片，配合LED的点缀，能在不同的角度下，看起来都亮闪 闪的。 ADB大灯支持随动转向、自适应远近光，能让大灯自动避开前方来车和行人。吉利银河的工程师也很自豪地表示，这个灯的亮度是行业里最亮的。 有意思的是，银河M9在原本雾灯框的位置致敬了一下沃尔沃，在这里放了一把"雷神之锤" 。 一方面，在视觉上隔开前保险杠和下 ...

Core Insights - In the first half of 2025, eight major automotive groups reported a total sales volume of 11.18 million vehicles, all achieving year-on-year growth [1][2] - BYD maintained its leading position with over 2.14 million units sold, followed closely by SAIC Motor with over 2.05 million units [1][3] - Geely adjusted its annual sales target upward by 11% after achieving a 47% completion rate in the first half [1][6] Group Performance - **BYD**: Sold 2.146 million vehicles, a 33% increase year-on-year, with overseas sales reaching 472,000 units, up 132% [3][4] - **SAIC Motor**: Achieved sales of 2.053 million vehicles, a 12.4% increase, with a retail delivery of 2.207 million units [4][5] - **China FAW**: Reported sales of 1.57 million vehicles, a 6.1% increase, with a 46% target completion rate [6][10] - **Geely**: Sold 1.409 million vehicles, a 47% increase, with a significant rise in new energy vehicle sales [6][7] - **Changan**: Achieved sales of 1.355 million vehicles, marking a historical high, with new energy vehicle sales growing by 48.8% [8][9] - **Chery**: Sold 1.26 million vehicles, a 14.5% increase, with a strong export performance [9][10] - **BAIC Group**: Reported sales of 817,000 vehicles, a 6% increase, with a notable growth in its own brand sales [10] - **Great Wall Motors**: Achieved sales of 570,000 vehicles, a slight increase of 1.8%, but faced a decline in overseas sales [10] Target Achievement Rates - **Geely**: Highest target completion rate at 47% after adjusting its annual target [6][7] - **China FAW and SAIC Motor**: Both achieved a target completion rate of 46% [1][6] - **Changan**: Completed 45% of its sales target [1][8] - **Chery**: Achieved a target completion rate of 40% [1][9] - **BYD**: Completed 39% of its annual target [1][3]

01 事件概述 公司发布6月销量公告，6月批发总销量23.6万辆，同比+42.1%，环比+0.4%；1-6月批发总销量140.9万辆， 同比+47.4%。其中，6月新能源销量122,367辆，同比+85.5%，环比-11.3%，渗透率51.8%；1-6月新能源累 计72.5万辆，同比+126.5%。分品牌看：吉利品牌6月销量19.3万辆（银河90,222辆（含几何））；极氪6月 销量16,702辆；领克6月销量26,310辆。 02 分析判断 ► 1-6月新能源销量同比大增 全年销量300万辆 6月公司总批发销量23.6万辆，同比+42.1%，环比+0.4%；出口方面，公司6月出口销量4.0万辆，环比实现增 长，表现亮眼。展望后续，吉利银河A7预计2025Q3上市，定位10-13万元插混家轿，搭载新一代混动系统， 实测满油满电综合续航约2,100公里，轴距2.85米，续航、空间表现优异。吉利银河M9预计在2025Q3上市， 定位为大型六座插电混动SUV，除空间、续航之外，搭载千里浩瀚H5辅助驾驶系统，支持高速自动紧急刹车和 无图城市导航辅助驾驶。因上半年超预期表现，集团将原目标271万辆上调约11%至300万 ...

Core Viewpoint - The company reported strong sales growth in June and the first half of the year, particularly in the new energy vehicle segment, leading to an upward revision of annual sales targets to 3 million units [1][2]. Sales Performance - In June, total wholesale sales reached 236,000 units, a year-on-year increase of 42.1% and a month-on-month increase of 0.4% [1][2]. - Cumulative wholesale sales for the first half of the year were 1.409 million units, up 47.4% year-on-year [1]. - New energy vehicle sales in June were 122,367 units, representing an 85.5% year-on-year increase but a 11.3% decrease month-on-month, with a penetration rate of 51.8% [1][2]. - Total new energy vehicle sales for the first half of the year reached 725,000 units, a significant increase of 126.5% year-on-year [1]. Product Launches and Future Outlook - The company plans to launch the Galaxy A7 and M9 models in Q3 2025, targeting the hybrid sedan and large six-seat hybrid SUV markets, respectively [2][3]. - The Galaxy A7 will feature a new hybrid system with a comprehensive range of approximately 2,100 kilometers, while the M9 will include advanced driving assistance features [2]. - The company aims for total sales of 710,000 units in 2025, with specific targets for the Zeekr and Lynk brands [3]. Strategic Moves - The company is considering the privatization of Zeekr to consolidate resources and enhance operational efficiency, aligning with its strategic focus on high-end electric vehicles [3]. - The proposed acquisition price for Zeekr shares is $2.566 or 1.23 newly issued shares for each Zeekr share [3]. Financial Projections - Revenue projections for 2025-2027 are estimated at 404.78 billion, 489.69 billion, and 572.83 billion yuan, with net profits of 16.21 billion, 22.09 billion, and 25.98 billion yuan, respectively [4]. - Earnings per share (EPS) are forecasted at 1.61, 2.19, and 2.58 yuan for the same period, corresponding to price-to-earnings ratios of 9, 7, and 6 times based on the closing price of 16.32 HKD on July 2 [4].

吉利汽车（0175.HK）系列点评二十九 新能源持续亮眼 全年销量目标 300 万辆 2025 年 07 月 02 日 ➢ 事件概述： 公司发布 6 月销量公告，6 月批发总销量 23.6 万辆，同比+42.1%，环比+0.4%； 1-6 月批发总销量 140.9 万辆，同比+47.4%。其中，6 月新能源销量 122,367 辆，同比+85.5%，环比-11.3%，渗透率 51.8%；1-6 月新能源累计 72.5 万辆， 同比+126.5%。分品牌看：吉利品牌 6 月销量 19.3 万辆（银河 90,222 辆（含 几何））；极氪 6 月销量 16,702 辆；领克 6 月销量 26,310 辆。 ➢ 1-6 月新能源销量同比大增 全年销量 300 万辆。6 月公司总批发销量 23.6 万辆，同比+42.1%，环比+0.4%；出口方面，公司 6 月出口销量 4.0 万辆，环 比实现增长，表现亮眼。展望后续，吉利银河 A7 预计 2025Q3 上市，定位 10- 13 万元插混家轿，搭载新一代混动系统，实测满油满电综合续航约 2,100 公里， 轴距 2.85 米，续航、空间表现优异。吉利银河 M9 预计在 ...

曹开阳 进入7月，吉利旗下银河品牌因厚积薄发的畅销成绩成为车市焦点，同时，银河M9更是凭借超靓的颜 值、超强的产品力以及超低的"预测价"而一举攀上风口浪尖。更重要的是，业内有评论认为这款新车之 所以能如此吸睛，一个重要的原因在于大肆"模仿"甚至说是抄袭了友商的产品？这究竟是什么情况？ 据了解，银河M9被指大肆"模仿"最主要的层面在于外形，无论是大气又不失圆润的车头，还是饱满的 侧面车身线条，甚至是贯穿整个车头的星辉璀璨大灯，都有些神似当下友商最畅销的50万元级大型SUV 的。更有业内人士评论认为，银河M9即便连名字都抄袭了友商的车型，堪称一抄到底。同时，因为银 河M9的"预测价"仅不及友商M9车型的一半，因此还为其取了个"半价M9"的外号。 那么，对此我们又该如何来看待呢？ 首先，笔者要说的是，汽车工业的发展史原本就包含着满满的"借鉴"元素。从汽车起源于德国奔驰开始 就借鉴了马车"四轮+车厢"的构架，到福特投产T型车借鉴了流水线生产工艺，再到大众进一步加大生 产批量，及至日本丰田、本田导入精细化管理，韩国现代、起亚再继续发扬光大……客观地说，大凡成 功的车企、车型都有向"前辈"致敬，借鉴成功经验的经历。也正是 ...

1、理想i6：核心卖点有二：1）新车车长4950mm，轴距3000mm，大于现款增程车L6，主打纯电更大空 间；2）存在单电机后驱版本，放弃了理想此前全系双电机的策略，#预计起售价会进一步下探，或在25万元以下。 新车预计9月上市，#我们预计月销破万，乐观情形月销有望达1.5万。目前市场没有明确竞品，同价位其他对手为特 斯拉MY和小米YU7。 2、吉利银河M9：定位吉利银河系内的旗舰级大六座SUV，车身尺寸5205/1999m/1800mm，轴距 3110mm，尺寸相对领克900略小，但轴距大于理想L9。根据此前发布会的信息，内饰上前排类似领克900，能看到 明显的复用率；二排座椅10点式按摩；主打大空间，公司称得房率88%；同时配备GEA-Evo架构，最高3电机零百 4.5s，采用宁德时代磷酸铁锂电池；最后，#全系配置千里浩瀚H5智驾。我们预计新车Q3上市，定价或较低，#最低 配预计售价20万以下，主要竞争对手为东风奕派008和比亚迪唐L，存在较大爆款潜力，#可能月销破万。 此外，本 次吉利还公示了领克新车领克10 EM-P，同样基于GEA-Evo平台打造，系领克Z10的插混版本（也是领克的旗舰轿 车），标 ...

Core Viewpoint - The automotive industry is witnessing a shift away from "pseudo-innovation" designs, such as hidden door handles, towards more practical and safety-oriented features, as exemplified by Geely's recent launch of the Galaxy A7 and Galaxy M9, which utilize traditional mechanical door handles instead of hidden ones [2][3][4]. Group 1: Hidden Door Handles - Geely's Galaxy A7 and Galaxy M9 have opted for traditional mechanical door handles, marking a departure from the prevalent trend of hidden door handles in electric vehicles [2]. - The hidden door handle design, while initially aimed at reducing wind resistance, has faced criticism for its practicality and safety, particularly in cold climates where they can freeze [3]. - The penetration rate of hidden door handles in new energy vehicles is projected to reach 76% by 2024, indicating a significant trend in the industry [2]. Group 2: Industry Response and Standards - The Ministry of Industry and Information Technology has initiated a project to establish safety standards for hidden door handles, addressing issues such as insufficient strength and failure during power outages [3]. - Industry leaders like Great Wall's chairman have criticized the safety trade-offs associated with hidden door handles, advocating for a focus on safety over minimal wind resistance [4]. Group 3: Broader Design Trends - The automotive industry is increasingly scrutinizing various innovative features that prioritize aesthetics over functionality, such as touchscreens replacing physical buttons and large non-opening glass roofs that can lead to excessive heat [5]. - Controversial designs like electronic rearview mirrors have also been criticized for their performance in adverse weather conditions, highlighting the need for practical innovations [5]. - As the industry moves away from questionable innovations, companies are exploring more valuable and practical design solutions, such as BMW's AI-integrated "visual cone" technology aimed at enhancing driver safety [5]. Group 4: Design Philosophy - A prevailing design principle in the automotive industry emphasizes that the best designs should be unobtrusive, suggesting that true innovation should not compromise the fundamental user experience [6].

Core Insights - Geely has achieved comprehensive leadership in hybrid technology, particularly in computing power, data, and algorithms, establishing a strong technological foundation for AI integration in vehicle manufacturing [2] - The Starry AI Cloud Power 2.0 features four major AI functions that enhance the performance and efficiency of the Thor AI hybrid system, leading to significant improvements in engine maintenance and battery lifespan [3] - The Thor EM-i AI hybrid system, first implemented in the Geely Galaxy A7, boasts exceptional fuel efficiency and performance metrics, setting new standards in the hybrid vehicle market [4] Group 1: Technological Advancements - Geely's Starry AI Cloud Power 2.0 has a computing power of 23.5E FLOPS, ranking first among Chinese automotive companies [2] - The AI system has accumulated over 200 million users and 20 billion kilometers of driving data, enabling the development of a comprehensive digital twin scenario library [2] - The integration of AI has led to a record thermal efficiency of 47.26% for mass-produced engines, an increase from 46.5% the previous year [3] Group 2: Product Performance - The Geely Galaxy A7 achieves a fuel consumption of only 2.67L per 100km under CLTC conditions, with real-world tests showing even lower consumption of 2.49L [4] - The Thor EM-P AI hybrid system in the Geely Galaxy M9 accelerates from 0 to 100 km/h in just 4.5 seconds, with a fuel consumption of around 4L per 100km [4] - The fifth-generation methanol-hydrogen engine technology boasts a thermal efficiency of 48.15%, the highest globally, and supports flexible fuel options [6] Group 3: Market Positioning - The Thor AI hybrid technology has been adopted in over ten models across various brands, including Volvo and Renault, marking its recognition in the global market [7] - Geely plans to launch two new models equipped with the fifth-generation methanol-hydrogen technology in the fourth quarter of this year [6]

近年来，中国汽车业在智驾、座舱、底盘、电池等多个领域持续实现突破，大模型等标志性技术密集应 用在汽车产品上。图为吉利雷神AI电混2.0。（吉利汽车供图） 中国青年报客户端讯（中青报·中青网记者 张真齐）当前，以电动化、智能化、网联化、共享化为特征 的"新四化"浪潮正深刻改变着汽车行业的面貌。尤其是在新能源领域，近几年来，中国车企纷纷推出自 己的独创技术，技术深度、应用广度、产业链完整度已领先全球。 6月13日，吉利正式发布行业首个基于AI场景引擎的动力域智能体——星睿AI云动力2.0。在星睿AI云动 力2.0的赋能下，吉利雷神超级电混实现节能、性能、安全等全维度的升级，进阶为"更聪明"的雷神AI 电混2.0，其包含雷神EM-i AI电混、雷神EM-P AI电混以及雷神醇氢EF等多条技术路线。 记者了解到，作为全球唯一完成全域AI智能化布局的车企，吉利在算力、数据、算法领域取得全面领 先，更为AI技术深入造车全链条，筑牢了技术基座。在算力方面，吉利星睿智算中心2.0综合算力高达 23.5E FLOPS，位列中国车企第一；在数据领域，星睿AI云动力累积了"双200"的全球海量数据（维 权），累计用户超200万、行 ...