Core Viewpoint - The Haval brand has launched the Menglong fuel version model, redefining the value benchmark for off-road vehicles with a competitive starting price of 136,900 yuan and a full configuration of 2.0T and four-wheel drive, making off-road experiences more accessible [1][7]. Group 1: Product Features - The Haval Menglong fuel version is equipped with a 2.0T Miller cycle engine and Great Wall's self-developed 9DCT transmission, ensuring excellent off-road performance [3]. - The engine achieves a thermal efficiency of 38.3%, with a 13% increase in maximum power and an 18% increase in torque, while expanding the economic fuel consumption range by 20% [3]. - The vehicle has a combined fuel consumption of 8.65L/100km under WLTC testing standards, comparable to that of ordinary two-wheel drive SUVs [5]. Group 2: Design and Usability - The design retains the classic boxy shape, optimizing approach and departure angles for better off-road capability, while the interior layout emphasizes practicality with a flexible trunk design [7]. - The Ultra version offers a towing capacity of 1.6 tons, allowing users to tow large equipment like RVs and motorcycles, enhancing outdoor lifestyle possibilities [7]. Group 3: Market Strategy - Haval's strategy of offering full configuration (2.0T and four-wheel drive) as standard contrasts with competitors' "low configuration to attract" approach, simplifying consumer choices and showcasing confidence in product strength [7]. - The launch of the Menglong fuel version enhances Haval's product matrix in the off-road SUV market, injecting new vitality into the fuel vehicle market amid the rising trend of new energy vehicles [7].

Group 1 - The "Huan Ta Happy Week" event organized by Great Wall Motors in Kashgar, Xinjiang, marks a continuation of activities following the 2025 Huan Ta Rally, showcasing the company's strong performance in the rally with multiple awards in different categories [1] - Great Wall Motors' Vice General Manager Wang Chao announced China's first "Off-Road Skills Grading Standard," which, along with previously released standards, forms a comprehensive grading system assessing off-roaders' capabilities and safety across four dimensions: experience, equipment, theory, and driving [3] - The off-road skills will be categorized into four levels, from beginner to professional, with each level unlocking new skills and capabilities, and the system will also include training opportunities through an upcoming off-road route book app [3] Group 2 - Chairman Wei Jianjun emphasized the importance of safety in off-road activities and the company's goal to guide enthusiasts in enjoying off-roading safely through the newly released grading system [3] - Great Wall Motors plans to introduce more models like the V6 Cannon, which require only minor modifications to participate in competitions, aiming to lower the barriers for more people to engage in off-road activities and professional events [4]

Core Insights - Great Wall Motors has achieved significant success in the recent Rally event, winning multiple awards in different categories, indicating a strong position in the off-road vehicle market [2] - The company is focusing on off-road vehicle development as a strategic move to differentiate itself in a competitive market, emphasizing product diversification and specialization [3] - Great Wall is actively building a comprehensive off-road ecosystem, including technology advancements and community engagement, to strengthen its market position [4] Group 1: Performance and Achievements - Great Wall Motors' Hi4 team won the T2.E production new energy group championship at the Rally event, while its Haval and Tank teams secured top positions in the T2.1 fuel group [2] - In May, Great Wall sold 102,200 vehicles, marking an 11.78% year-on-year increase, with Haval brand sales growing by 22.58% to 58,000 units [3] Group 2: Strategic Focus - The company is concentrating on off-road vehicles as a key strategy to navigate market competition, with a focus on creating a "blue ocean" through product differentiation [3] - Great Wall aims to leverage its new energy off-road technology to support its transition to electric vehicles while solidifying its position in the off-road segment [3] Group 3: Technological Advancements - Great Wall has introduced the Hi4 intelligent four-wheel drive technology and plans to release additional technology frameworks in the coming years, enhancing its technical capabilities [3] - The company has established a grading system for off-road capabilities based on various performance metrics, which will help in standardizing and promoting its off-road vehicles [4]

Core Viewpoint - The company reported a stable performance in May 2025, with notable sales growth in specific brands, particularly WEY and Haval, while also making strides in overseas markets and launching new models to stimulate demand [2][3][4]. Group 1: Sales Performance - In May 2025, the company achieved wholesale sales of 102,000 vehicles, representing a year-on-year increase of 11.8% and a month-on-month increase of 2.2%. Cumulative sales from January to May reached 459,000 vehicles, down 0.5% year-on-year [2]. - Haval brand sold 58,000 vehicles in May, up 22.6% year-on-year and 1.7% month-on-month, with cumulative sales of 259,000 vehicles from January to May, an increase of 2.8% year-on-year [2]. - WEY brand saw a significant increase in sales, with 6,000 vehicles sold in May, up 115.3% year-on-year and 28.1% month-on-month, and cumulative sales of 24,000 vehicles from January to May, up 43.5% year-on-year [2]. Group 2: New Product Launches - The launch of the Haval Dragon fuel version on May 27, 2025, priced between 156,900 to 167,900 yuan, is expected to enhance sales due to its advanced powertrain and intelligent four-wheel drive system [3]. - The introduction of new models and promotional activities is anticipated to create a synergistic effect, boosting consumer interest and sales in the fuel SUV segment [3]. Group 3: International Expansion - The company reported overseas wholesale sales of 35,000 vehicles in May, a year-on-year increase of 0.2% and a month-on-month increase of 7.4%. Cumulative overseas sales from January to May totaled 158,000 vehicles, down 3.6% year-on-year [4]. - The establishment of a factory in Brazil, set to begin production in mid-2025 with an initial capacity of 50,000 vehicles, aims to strengthen local supply chains and enhance market penetration in Latin America [4].

Group 1 - The core event is the launch of the "Huan Ta Happy Week" by Great Wall Motors, where the Tank Hi4 team won the T2.E production new energy group championship, and the Haval team and Cannon team secured top positions in the T2.1 production fuel group [1] - Great Wall Motors introduced China's first "Off-Road Skills Grading Standard," which, along with previously released standards, forms a comprehensive grading system for off-road activities [1] - The grading system evaluates off-roaders based on four dimensions: experience, equipment, theory, and driving, categorizing skills into four levels from beginner to professional [1] Group 2 - The off-road skills grading is linked to four typical off-road scenarios: snow, mud, mountain, and sand, with each scenario also having four levels [1] - Users can register for training through an upcoming off-road route book app, and by accumulating points and achieving level 4 in all scenarios, they can enter the preparatory driver list for the next Huan Ta Rally [1] - Chairman Wei Jianjun stated that Great Wall Motors will launch more models like the V6 Cannon, which require only minor modifications to participate in off-road activities, aiming to lower the entry barrier for enthusiasts [2]

Core Viewpoint - The article provides a comprehensive overview of new vehicle models set to launch in May 2025, detailing specifications, pricing, and market segments for various manufacturers. Group 1: New Vehicle Launches - Changan Automobile will launch the Deep Blue S07 on May 24, 2025, targeting the B SUV segment with a price range of 15.99 to 19.79 million yuan [2][9]. - Dongfeng Passenger Vehicle will introduce the Dongfeng Fengshen Yixuan on May 24, 2025, in the A NB segment, priced between 7.79 and 10.68 million yuan [4][17]. - SAIC General will release the Cadillac XT4 on May 25, 2025, as an A SUV with a price range of 22.97 to 27.57 million yuan [4][25]. - NIO will launch the ET5 and ET5T on May 25, 2025, in the B NB and B Wagon segments, respectively, with prices ranging from 29.80 to 35.60 million yuan [4][33][41]. - SAIC Volkswagen will introduce the Volkswagen Lingdu L on May 26, 2025, in the A NB segment, priced from 17.39 million yuan [4][49]. Group 2: Specifications and Features - The Deep Blue S07 features a 1.5L engine combined with an electric motor, offering various configurations and a maximum electric range of 628 km [9][8]. - The Dongfeng Fengshen Yixuan is equipped with a 1.5L engine and offers a maximum power output of 92 kW and torque of 158 N·m [17]. - The Cadillac XT4 offers a 1.5T engine with a maximum power of 155 kW and torque of 270 N·m [25]. - The NIO ET5 boasts a power output of 360 kW and a torque of 700 N·m, with battery options of 75 kWh and 100 kWh [33]. - The Volkswagen Lingdu L is powered by a 1.4T engine, delivering 110 kW and 250 N·m of torque [49]. Group 3: Market Segmentation - The new models span various segments, including B SUVs, A SUVs, and C MPVs, indicating a diverse market strategy among manufacturers [2][4]. - The pricing strategy reflects a competitive landscape, with models ranging from budget-friendly options like the Dongfeng Fengshen Yixuan to premium offerings like the Cadillac XT4 and NIO ET5 [4][25][33].

Group 1 - The 2025 Great Wall Motors Smart Factory Half Marathon was held on May 11, marking the fifth edition of this brand IP event, which is unique in that it takes place within a factory setting [2] - Participants ran through key production areas including stamping, welding, and assembly workshops, showcasing the company's commitment to innovation and community engagement [2] - Great Wall Motors presented two major product clusters: "Tech Life" and "Off-Road Heavy Machinery," featuring various models such as the new WEY brand vehicles and the Tank series [2] Group 2 - Great Wall Motors has a research and development team of 23,000 personnel and has invested over 10 billion yuan in R&D for three consecutive years, emphasizing its commitment to quality and innovation [3] - The company operates several advanced laboratories, including a high-altitude lab and an intelligent interaction lab, ensuring rigorous quality control throughout the manufacturing process [3] - Great Wall Motors has expanded its market reach to over 170 countries and regions, with a global user base exceeding 15 million, and aims to maintain high-quality operations and market share through a comprehensive global strategy [3]

Core Viewpoint - The article discusses the ongoing competition between electric vehicles (EVs) and traditional fuel vehicles in the Chinese automotive market, highlighting the significant market share that fuel vehicles still hold despite the rapid growth of EVs [3][4][5]. Summary by Sections New Energy Vehicles vs. Fuel Vehicles - The Shanghai Auto Show showcases a strong focus on new energy vehicles, with brands like BYD, NIO, Li Auto, and Xpeng unveiling new models, while some manufacturers continue to support fuel vehicle development [3][5]. - According to SAIC GM's general manager, fuel vehicles are expected to maintain at least 25% market share in the future [3]. Market Data and Trends - In March, the penetration rate of new energy vehicles in China reached 54.1%, indicating a significant shift towards EVs [4]. - Despite the growth of EVs, fuel vehicles remain a substantial part of sales for traditional automakers, with companies like Geely, Great Wall, and Chery still relying heavily on fuel vehicle sales [6][9]. Financial Performance and Competitive Landscape - BYD's decision to stop producing fuel vehicles is backed by its strong control over the battery supply chain, leading to a projected gross margin of 21.02% in 2024, surpassing competitors like Li Auto (19.8%) and Tesla (17.9%) [7]. - Fuel vehicles still represent a significant portion of total sales for major automakers, with Geely's fuel vehicle sales projected to account for 59.19% of total sales in 2024 [9]. Global Market Strategy - Companies like Chery and Geely are focusing on international markets, with Chery's overseas sales in 2024 expected to reach 1.144 million units, of which over 80% will be fuel vehicles [14]. - The global automotive market still sees fuel vehicles as a dominant force, with 85% market share compared to 15% for new energy vehicles [17]. Policy and Industry Outlook - The Chinese government is expected to continue supporting the development of internal combustion engine technology alongside new energy vehicles, indicating a balanced approach to automotive development [13]. - The article suggests that fuel vehicles will remain relevant in the market, especially as electric vehicle technology continues to mature [17].