伴随巴西圣保罗工厂正式投产，首辆哈弗H6 GT下线，长城汽车全球化战略进入新阶段。这背后是长城 汽车以连续三年超百亿元研发投入和近5万项专利构筑的技术地基。从产能输出到技术生态输出，其打 造的"研产供销服"全价值链出海模式，为中国汽车产业高质量全球化发展提供了可复制的路径。 ● 龚梦泽 熊永红 保持高研发投入 "早在国内汽车产业仍普遍依赖'引进来'阶段，长城汽车就选择了难而正确的道路。"长城汽车董事长魏 建军表示，长城汽车把盈利持续投入到底层技术攻关，不为短期业绩牺牲技术积累，从一颗螺丝、一套 模具做起，逐步攻克动力总成、"三电"、智能驾驶、氢能、热成型等关键领域，实现核心技术自主可 控。 长城汽车保持对核心技术的长期投入。公司2024年研发支出达104亿元，并连续3年突破百亿元。其中近 四成资金投向新能源与智能化关键领域。持续的高强度投入转化为显著的技术成果：不仅专利储备丰硕 ——2025年上半年新增授权专利2962项（新能源相关专利占比37.8%），累计申请总量逼近5万项大 关。 更重要的是，公司实现了核心技术自主突破，其混动、纯电、氢能三轨并行的技术路线日趋成熟。标志 性的Hi4电混四驱系统已覆盖全场景 ...

Core Viewpoint - The Chinese automotive sector is experiencing a significant rally, with major stocks showing substantial gains, driven by favorable monetary policy and strong sales growth in the industry [2][3][8]. Group 1: Market Performance - On August 18, Hong Kong automotive stocks rose sharply, with Great Wall Motors up nearly 13%, NIO up nearly 8%, and Geely up nearly 5% [2]. - The A-share index rose over 1%, reaching a nearly 10-year high, with automotive companies continuing their upward trend from the previous week [2][3]. - Over 70% of the 101 Chinese automotive stocks tracked saw price increases, with an average gain of 3.6%, second only to the Shenzhen Composite Index [3]. Group 2: Monetary Policy Impact - The People's Bank of China (PBOC) has played a crucial role in supporting the stock market through liquidity injections, releasing a total of 1.2 trillion yuan in the past two weeks [2][8]. - The PBOC's emphasis on maintaining a moderately loose monetary policy for the second half of the year has provided reassurance to the market [8]. Group 3: Sales Growth - Data from the China Automotive Industry Association indicates that vehicle sales in the first seven months of the year reached 18.269 million units, a year-on-year increase of 12% [6]. - The automotive sales growth has exceeded the expected levels of 2% to 3%, contributing to the positive market sentiment [3][6]. Group 4: Stock Performance Highlights - Harmony Auto led the weekly gains with a 76% increase, followed by Ganfeng Lithium with a 21.05% rise [7][10]. - Other notable performers include Baideli Holdings, Hesai, Great Wall Motors, and Tianqi Lithium, all of which saw gains exceeding 10% [7]. - The dealer/retail sector outperformed with a remarkable 9.64% increase, attributed to the high growth in automotive sales this year [3]. Group 5: Individual Company Developments - Harmony Auto's surge is linked to BYD's strong overseas sales and its aggressive global expansion strategy, having opened 100 BYD stores in two years [9]. - Ganfeng Lithium received a significant investment from JPMorgan Chase, increasing its holdings and benefiting from the strong performance of lithium stocks due to supply disruptions [10]. - Hesai reported a 53.9% year-on-year revenue growth in Q2 and secured a partnership with Toyota for laser radar production [10][12]. - Great Wall Motors has commenced production at its factory in Brazil, with an annual capacity exceeding 30,000 vehicles [12].

Core Viewpoint - Great Wall Motors (02333) shares rose over 8%, currently at 17.01 HKD with a trading volume of 363 million HKD following the announcement of the completion and production launch of its Brazil factory [1] Group 1: Factory Launch and Production - The Brazil factory officially commenced operations on August 16, with the first vehicle, the Haval H6 GT, rolling off the production line [1] - The initial production models include the gasoline and hybrid versions of the Haval H6 SUV, with plans to produce the Haval H9 and Poer pickup in the next phase [1] - The factory spans 1.2 million square meters, with a building area of 94,000 square meters, featuring core workshops for welding, painting (including robotic applications), and assembly [1] Group 2: Employment and Capacity - The factory currently employs 530 staff, with 145 in administrative or office roles, and is expected to increase to 1,000 employees by the end of the year, implementing a double shift system [1] - The initial production capacity is set at 30,000 vehicles per year, projected to reach 50,000 vehicles by 2028 [1]

Group 1 - Xiaomi's Vice President Li Xiaoshuang addressed concerns regarding the SU7 electric vehicle's charging capabilities abroad, stating that compatibility with charging interfaces and distribution of charging stations are key factors. He noted that in regions like Central Asia and Europe, the majority of charging interfaces are compatible with the domestic experience, and charging stations are widely available, with an average of 150-200 kilometers between superchargers in Central Asia and 20-50 kilometers in Europe [2] - The new generation of IM Motors LS6 has been officially announced with eight configuration versions, starting at a pre-sale price of 209,900 yuan. The vehicle features the "Star" super-range technology, a 66 kWh battery, and an 800V high-voltage platform, achieving a pure electric range of 450 kilometers and supporting a quick charge of 310 kilometers in just 15 minutes. The official launch and delivery are expected on September 10 [2] - Great Wall Motors announced the full launch of its production line in Brazil, marking a significant milestone for Chinese automakers in high-quality overseas manufacturing. The first vehicle produced is the Haval H6 GT, with plans to produce additional models such as the Haval H9 and Poer pickup in the next phase [2] Group 2 - The establishment of the Transportation Big Model Innovation and Industry Alliance in Beijing signifies a shift from fragmented exploration to collaborative development in comprehensive transportation modeling. The alliance includes 55 initial members from various sectors, including industry enterprises, AI companies, and academic institutions, covering all aspects of transportation [2]

这座由奔驰旧厂改造升级的现代化制造基地，标志着中国汽车产业在拉美地区实现了从产品输出到生态 落地的战略跨越——总占地120万平方米的工厂集焊接、涂装、总装完整工艺链于一体，初期年产能5万 辆，首批本土组装的哈弗H6 GT、哈弗H9及2.4T长城炮等车型，即将驶入千千万万个拉美家庭。 中国青年报客户端讯（中青报·中青网记者 王志远）北京时间8月16日凌晨，随着巴西总统卢拉、副总统 阿尔克明与中国驻巴西大使祝青桥等政要共同按下启动键，长城汽车巴西伊拉塞马波利斯工厂正式竣工 投产。 来源：中国青年报客户端 同时，长城汽车在巴西坚持全动力布局，以"油电协同"战略为核心，同步布局混动、纯电、氢能三大技 术路线。针对巴西79.1%的灵活燃料需求，专项研发"乙醇插电混动系统"，并被纳入当地新能源技术标 准草案，从"技术跟随者"跃升为"规则制定者"。 在品牌建设方面，长城汽车坚持"合作共赢"理念，反对"零利润卖车"等恶性竞争，维护中国汽车品牌在 海外的集体形象。通过赞助社区足球赛、设立中文学习班、参与文化赛事等活动，从"外来投资者"转变 为"社区一份子"，让品牌与当地文化形成情感共振。 记者注意到，不少巴西消费者通过社交媒体 ...

北京时间8月16日凌晨，长城汽车巴西工厂正式竣工投产。巴西总统卢拉、副总统阿尔克明、中国驻巴 西大使祝青桥、巴西劳工部部长等政要及长城汽车总裁穆峰、长城国际总裁史青科、长城汽车巴墨大区 总裁张庚申等嘉宾共同见证这一重要时刻，卢拉总统亲自在长城汽车巴西工厂首台下线车型——哈弗 H6 GT车身上签名。这一里程碑事件，不仅是长城汽车全球化战略在拉美市场的深度推进，更成为中国 汽车产业高质量出海的典范，生动诠释了中巴汽车产业链深度融合的创新实践。 汽车巴西工厂竣工投产 巴西总统卢拉见证长城 巴西总统卢拉在巴西工 厂首台下线车型——哈弗H6 GT签名 以智造锚定拉美：巴西工厂成战略枢纽 长城汽车巴西工厂位于圣保罗州伊拉塞马波利斯，收购自戴姆勒集团，工厂经改造升级，成为智能化生 产基地。作为长城汽车海外第三大全工艺整车制造中心，该工厂承载着辐射拉美市场的核心使命，是串 联起欧亚、东南亚与拉美市场的关键枢纽。长城汽车总裁穆峰表示："巴西工厂是长城汽车在拉美的战 略支点，以巴西为中心，辐射墨西哥、阿根廷、智利等拉美市场，缩短交付周期，提升本地化服务能 力。" 长城汽车巴西工厂总占地面积达120万平方米，建筑面积9.4万平方米 ...