整整10个交易日前，东风集团股份盘前突然发布停牌公告，引发市场广泛猜测。8月22日，随着方 案落地，此次资产重组的形式和力度都超出市场预期。不同于传统的上市或私有化，本次交易采用"股 权分派 + 吸收合并"的组合模式，两大核心环节互为前提、同步推进。 第一环节，东风集团股份将其持有的岚图汽车 79.67% 股权，按股东持股比例及股份类别向全体股 东进行分派。随后，岚图汽车将以介绍方式在香港联交所上市，其核心特点是不在上市时发行新股或涉 及融资，仅将现有股东持有的证券在交易所挂牌交易。 第二环节，东风汽车在境内的全资子公司东风汽车集团(武汉)投资有限公司作为"吸并主体"，向东 风集团股份的控股股东东风汽车支付股权对价，向其他小股东支付现金对价，实现对东风集团股份的 100% 控制。值得关注的是，该方案对于中小股东诚意满满，中小股东不仅能拿到现金对价，还能按比 例获配岚图汽车股权，相当于"现金落袋+潜力股在手"，大幅提高了中小股东选择的意愿。 备受关注的东风汽车集团改革以超预期的方式落地。一场以岚图汽车为先锋的优质资产介绍上市， 母公司私有化退市让路的精妙资本运作，令市场刮目相看"背后有高人"。 8月22日，东风 ...

Core Viewpoint - Lantu Automotive is set to go public on the Hong Kong Stock Exchange, marking a significant milestone in its capitalization and positioning in the competitive high-end new energy vehicle market [1] Group 1: Market Positioning and Strategy - Lantu Automotive's strategy of "three categories in three years, five models in five years" has shown significant results, with a projected delivery of 85,697 new energy vehicles in 2024, representing a year-on-year growth of approximately 70% [1] - The company has achieved over 20,000 cumulative production units, establishing itself as a leading high-end new energy brand backed by a state-owned enterprise [1][3] Group 2: Product Development and Sales - Lantu has developed a comprehensive product matrix covering SUVs, MPVs, and sedans, with models like Lantu FREE+, Lantu Dreamer, Lantu Zhaiguang, and Lantu Zhiyin [3] - The Lantu FREE+ model received 11,583 pre-orders within 15 minutes of its launch, indicating strong market demand [5] - The Lantu Dreamer has consistently ranked as the second best-selling new energy MPV since 2023, often leading in monthly sales [3] Group 3: Technological Advancements - Lantu emphasizes self-research and development, establishing a complete innovation system covering core areas such as platform architecture and intelligent driving [8] - The company has introduced the world's first intelligent super hybrid 800V technology, achieving significant breakthroughs in electric vehicle range and charging efficiency [10] - Lantu's collaboration with Huawei has led to the development of the all-new Lantu Zhiyin, enhancing the integration of smart technology in their vehicles [13] Group 4: User Engagement and Brand Development - Lantu Automotive focuses on a user-centered approach, fostering a co-creation ecosystem with customers through initiatives like "User Night" events [14] - The company has broken away from traditional engineering-led models, allowing users to participate in product definition and design, which has led to successful product iterations [16] - The upcoming listing on the Hong Kong Stock Exchange is expected to provide Lantu with stronger support for research, overseas expansion, and brand enhancement, facilitating its transition from a domestic leader to a global player [16]

技术研发方面，岚图汽车坚持高水平科技自立自强，"自研为根、合作为翼"，打造科技实力，构建全产业链创新体系，为发展注入持久动力。岚图汽车 正向开发了具有完全自主知识产权，原生智能电动整车架构"ESSA架构"，打造软件定义汽车、中央集中式SOA电子电气架构"天元架构"，自主开发兆瓦级 品牌超快充桩"岚图VP1000"。 8月22日，岚图汽车正式发布岚海智混技术。作为智能超混800V技术，它以全域800V系统、5C超充以及大电量电池的综合技术方案，在中大型混动车 上实现360-410公里的纯电续航，超过1400公里的综合续航，以及最快12分钟从20%电量充至80%的高充电效率。 8月22日，东风集团股份（0489.HK）发布公告称，岚图汽车将以介绍方式登陆香港联交所。根据公告，本次交易采用"股权分派+吸收合并"的组合模 式，两大核心环节互为前提、同步推进。本次交易通过"腾笼换鸟"，岚图汽车投资价值将进一步锐化，价值发现有望带来岚图估值表现的跃升。 作为东风公司旗下的高端智慧新能源品牌，自诞生以来，岚图汽车在品牌打造、产品推出、技术创新、渠道建设、海外布局等方面实现快速发展。2024 年，岚图汽车实现交付85697辆 ...

Core Viewpoint - Lantu Automotive, a high-end smart electric vehicle brand under Dongfeng Group, is set to list on the Hong Kong Stock Exchange, showcasing its rapid growth and strong market position in the new energy vehicle sector [1][3]. Group 1: Company Overview - Lantu Automotive has achieved a cumulative production of over 200,000 vehicles and is recognized as a leading high-end new energy brand in China [1]. - The company has maintained a strong growth trajectory, with a projected delivery of 85,697 new energy vehicles in 2024, representing a year-on-year increase of approximately 70% [1]. - Lantu has successfully launched multiple models, including the Lantu FREE+, Lantu Dreamer, Lantu Pursuit, and the new Lantu Zhi Yin, completing its product layout across high-end SUV, MPV, and sedan categories [1][2]. Group 2: Sales Performance - The Lantu Dreamer has consistently ranked as the second best-selling new energy MPV since 2023, while the Lantu FREE+ achieved 11,583 pre-orders within 15 minutes of its launch [2]. - The company has seen continuous monthly sales exceeding 10,000 units since 2025, with July 2023 deliveries surpassing 12,000 vehicles [1]. Group 3: Technological Advancements - Lantu Automotive has introduced the world's first L3-level intelligent architecture and the "Tianyuan Smart Architecture," enhancing vehicle safety and driving assistance capabilities [3]. - The company has launched the Lanhai Smart Hybrid Technology, featuring an 800V system that allows for a pure electric range of 360-410 kilometers and a total range exceeding 1,400 kilometers, with rapid charging capabilities [3]. Group 4: International Expansion - Since its international debut in 2022, Lantu has entered markets in Norway, Denmark, the Netherlands, and Italy, with plans to expand into Central Asia, the Middle East, and South America [3]. - The launch of the "Let's VOYAH" initiative aims to accelerate Lantu's global presence and enhance its brand image [3].

Core Viewpoint - Lantu Automotive, a high-end smart new energy brand under Dongfeng Group, is set to list on the Hong Kong Stock Exchange, showcasing rapid growth and a comprehensive product lineup in the new energy vehicle sector [1][8]. Group 1: Company Growth and Performance - Lantu Automotive has maintained a strong growth trajectory, with a projected delivery of 85,697 new energy vehicles in 2024, representing a year-on-year increase of approximately 70% [3]. - Since 2025, Lantu has achieved over 10,000 monthly sales for five consecutive months, with July's delivery surpassing 12,000 units [3]. - The company has successfully established a product strategy of "three categories in three years, five models in five years," covering high-end SUV, MPV, and sedan segments [3]. Group 2: Product and Market Position - Lantu's flagship model, the Lantu Dreamer, has consistently ranked as the second best-selling new energy MPV since 2023, often leading the monthly sales in its category [5]. - The recently launched Lantu FREE+ achieved 11,583 pre-orders within 15 minutes, positioning it among the top three hybrid SUVs priced between 200,000 to 300,000 yuan [5]. - Upcoming models include the Lantu Zhi Yin, set to launch on August 28, and the 2026 Lantu Dreamer, which will begin pre-sales at the Chengdu Auto Show [5]. Group 3: Technological Advancements - Lantu Automotive emphasizes self-reliance in technology, developing the world's first L3-level intelligent architecture and a proprietary electric vehicle platform, ESSA [6][8]. - The company has introduced the Lanhai Smart Hybrid technology, achieving significant breakthroughs in electric range and charging efficiency, with a pure electric range of 360-410 kilometers and a total range exceeding 1,400 kilometers [8]. Group 4: International Expansion - Since its international debut in 2022, Lantu has entered markets in Norway, Denmark, the Netherlands, and Italy, with plans to expand into Central Asia, the Middle East, and South America [8]. - The launch of the "Let's VOYAH" initiative aims to accelerate Lantu's global presence and enhance its brand image [8].

Core Viewpoint - The article discusses the launch of the Mengshi M817, the first model built on Huawei's "Tianyuan Architecture," positioning it as the "smart off-road first car" in the market [1]. Group 1: Product Overview - The Mengshi M817 is set to be launched around the Chengdu Auto Show, targeting the off-road market with an expected price range of 400,000 to 500,000 yuan [2]. - The vehicle is a result of a strategic partnership between Mengshi Technology and Huawei, marking Mengshi as the fourth company to adopt Huawei's HI model after BAIC, Changan, and Dongfeng [2]. - The M817 will feature a high level of integration with Huawei's technologies, including the latest intelligent driving system "Kunlun Intelligent Driving ADS 4.0," HarmonyOS smart cockpit, and Huawei Cloud [3]. Group 2: Strategic Significance - The collaboration aims to combine Dongfeng's military-grade quality with Huawei's smart capabilities, expanding the Mengshi brand from high-end off-road vehicles to urban intelligent driving scenarios [3]. - The M817 is designed to cater not only to outdoor off-roading but also to urban commuting and long-distance travel, indicating a versatile market approach [3]. - The success of the M817 in the market will depend on whether its high technological integration can translate into sales [3].

Core Insights - Dongfeng Motor is leveraging innovation to drive industry transformation, showcasing advanced technologies at its Global Innovation Center, which is referred to as the "smart engine" of China's automotive industry [10] Group 1: Innovation and Technology - Dongfeng's R&D team, consisting of thousands of members, is achieving significant milestones, with a projected 6,297 invention patent applications in 2024, marking a nearly 200% achievement rate and a historical high [10] - The company has introduced the industry's first hybrid engine with a thermal efficiency of 45.18%, positioning Chinese automotive power technology among the world's top tier [11] - Dongfeng's "Tianyuan Intelligent Driving" offers comprehensive solutions across four levels (T100 to T1000), integrating visual, voice, and biometric perception into a smart central system [11] Group 2: Product Development - The "Dongfeng Hydrogen Boat" represents the first full-power fuel cell passenger vehicle in China, highlighting Dongfeng's leading position in the hydrogen energy sector and its commitment to providing comprehensive hydrogen solutions for green travel [11] - The introduction of the iD3-400 dual-motor two-speed electric drive system showcases Dongfeng's innovative approach to electric vehicle technology [6] - The company is also developing high-performance automotive-grade MCU chips, filling a domestic gap and establishing a milestone for China's automotive chip breakthroughs [11]

Core Viewpoint - The Dongfeng Mengshi M817, a smart off-road flagship vehicle developed in collaboration with Huawei, aims to redefine the "smart off-road" segment and is set to launch in Q3 2025 [1][3]. Group 1: Product Overview - The Mengshi M817 is positioned as the "first smart off-road vehicle," combining military-grade off-road capabilities with Huawei's intelligent technology [1]. - It is designed for three primary scenarios: urban commuting, short weekend trips, and long-distance travel, providing comprehensive coverage for various use cases [3]. - The vehicle features a unique design language called "Heroic Soul Aesthetics 2.0," incorporating military elements to create a powerful visual presence [5]. Group 2: Naming and Symbolism - The name "M817" carries specific meanings: "M" signifies military-grade off-road capabilities and "M TECH" hard-core technology; "8" symbolizes infinite evolution, and "17" represents 17 years of development in military vehicles [6]. Group 3: Design Features - The front of the vehicle showcases the iconic "Lion Roar Grille" and "Awakening Lion Hood," emphasizing strength and safety through its design [8]. - The headlights are inspired by ancient weaponry, while the tail lights are designed to resemble a rocket launch, enhancing the vehicle's aggressive aesthetic [8]. Group 4: Technical Specifications - The Mengshi M817 will be the first vehicle built on the "Tianyuan Architecture," a centralized electronic and electrical architecture co-developed by Dongfeng and Huawei, enabling hardware platformization and integrated cloud services [10]. - It will be equipped with CATL's advanced off-road battery, which exceeds national standards for structural strength and is capable of functioning in extreme cold conditions [11].

（吴迪 摄） 发布会上，东风正式推出"天元智能"技术品牌，构建"一核双基双元"智能化技术体系，并发布猛士M817、纳米06、全新岚图FREE等战略车型。 4月23日，第二十一届上海国际汽车工业展览会盛大开幕。东风汽车集团有限公司（下称"东风"）以"智绘新东风"为主题，携旗下六大自主品牌集体亮 相，首次实现全系自主品牌联合参展。 作为全栈自研的AI技术底座，太极大模型整合了大语言模型、视觉大模型、多模态大模型等技术，具备全域融合、全场景赋能、持续进化三大特征。 其超千亿参数规模与万卡算力平台，能优化研发周期、提升工厂产能利用率，更通过云端实时监测技术，将车辆健康诊断准确率提升至90%以上。 天元架构作为中央智慧平台，实现动力、车身、座舱、智驾四大域控的深度融合，天元OS操作系统则联合中汽创智等机构打造，通过开源模式推动行 业生态共建，芯片资源利用率最高可达95%，单车硬件成本降低10%-20%。 东风此次参展26台整车、9项技术展品，其中多款战略车型尤为瞩目。例如全球首款"满血华为乾崑智野SUV"，其搭载华为ADS4.0智驾系统与鸿蒙座舱 5.0的东风猛士M817；基于量子架构3.0平台打造的纯电小型SUV，提 ...