● 龚梦泽 熊永红 9月22日，东风汽车集团有限公司董事长、党委书记杨青拜访华为创始人、华为技术有限公司董事、首 席执行官任正非，围绕强化战略互信、深化战略合作等议题进行深入交流。这意味着自5月23日双方在 武汉签署全面深化战略合作协议后，两大巨头的合作正加速落地。 智能化全覆盖产品矩阵 "岚图和华为是长期的合作关系。"岚图汽车CEO卢放在接受中国证券报记者采访时表示，从结果来看， 岚图FREE+、梦想家已在各自细分市场成为TOP级车型，也让更多用户感受到了华为辅助驾驶的魅力。 此外，猛士科技与华为联合打造的全新旗舰车型猛士M817，成为首款搭载华为乾崑智驾ADS 4.0系统的 豪华电动越野车，首搭了东风与华为联合开发的中国首个量产中央集中式电子电气架构——天元架 构。"猛士M817与华为全面绑定、深度开发，让猛士M817成为含'华'量最高的智能越野车，树立了华系 车顶流的水准。"猛士科技CEO万良渝表示。 除了岚图和猛士，华为还与东风奕派签署了智能汽车战略合作协议，联手打造一系列中高端智能化车 型。甚至合资品牌东风日产也在2024年11月与华为签订战略合作协议，成为首家与鸿蒙座舱全方位合作 的合资品牌。 新 ...

Core Viewpoint - Dongfeng Motor Group's reform has been executed in an unexpected manner, with the introduction of high-quality assets through the listing of Lantu Automotive and the privatization of the parent company, showcasing sophisticated capital operations [1][3]. Group 1: Market Reaction - Following the announcement, the market reacted enthusiastically, with Dongfeng Group's ADR in the US surging by 91.45% to $62.22 within an hour [2]. - Upon resuming trading on August 25, Dongfeng Group's shares opened at HKD 10.1, reaching a maximum increase of over 69% [2]. Group 2: Innovative Listing and Privatization Strategy - The transaction employs a combination model of "equity distribution + absorption merger," which is a departure from traditional listing or privatization methods, allowing both processes to proceed simultaneously [3][4]. - Dongfeng Group will distribute 79.67% of its shares in Lantu Automotive to all shareholders, followed by Lantu's introduction to the Hong Kong Stock Exchange without issuing new shares [4][6]. Group 3: Benefits for Minority Shareholders - The plan is designed to be favorable for minority shareholders, who will receive cash compensation and a proportional allocation of Lantu Automotive shares, enhancing their willingness to participate [6][22]. Group 4: Lantu Automotive's Market Position - Lantu Automotive is positioned as a key asset for Dongfeng, aiming to expand its market presence and enhance its valuation through the Hong Kong listing [6][23]. - The company has made significant strides in product development, with a strategy of launching three categories of vehicles in three years, including SUVs and MPVs [9][15]. Group 5: Technological Innovations - Lantu Automotive has developed proprietary technologies, including the ESSA architecture and the Tianyuan architecture for smart vehicles, enhancing its competitive edge [11][13]. - The introduction of the L3-level intelligent architecture and the Lanhai smart hybrid technology marks significant technological advancements for the company [13][15]. Group 6: Global Expansion and Brand Promotion - Lantu Automotive has begun its international expansion, entering markets in Norway, Denmark, and Italy, and is actively promoting Chinese manufacturing and culture abroad [18][20]. - The company aims to leverage its listing to enhance its global competitiveness and accelerate its technological development and overseas operations [25]. Group 7: Future Financing and Growth Potential - Although the introduction listing does not allow for direct financing, it sets the stage for future fundraising through methods like equity issuance and convertible bonds [22]. - The independent listing of Lantu Automotive is expected to drive the overall development of Dongfeng's new energy brand, creating a high-end, comprehensive brand structure [23][25].

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]

Group 1 - Dongfeng Group announced that Lantu Automotive will be listed on the Hong Kong Stock Exchange through a combination of "equity distribution + absorption merger" [1] - The transaction aims to enhance the investment value of Lantu Automotive, with expectations for improved valuation performance [1] - Lantu Automotive has achieved rapid development in brand building, product launches, technological innovation, channel construction, and overseas expansion since its inception [3] Group 2 - In 2024, Lantu Automotive delivered 85,697 vehicles, representing a year-on-year growth of approximately 70%, and has achieved over 10,000 monthly sales for five consecutive months since 2025 [3] - The company follows a long-term strategic approach with a product strategy of "three categories in three years, five models in five years," successfully establishing a high-end product lineup of SUVs, MPVs, and sedans [3] - Lantu Automotive emphasizes high-level technological self-reliance and innovation, developing proprietary technologies such as the "ESSA architecture" and the "Tianyuan architecture" for software-defined vehicles [3][5] Group 3 - Lantu Automotive officially launched its Lanhai Smart Hybrid Technology, featuring an 800V system that enables a pure electric range of 360-410 kilometers and a comprehensive range exceeding 1,400 kilometers [5] - The company aims to integrate the strengths of a state-owned enterprise with market vitality, establishing a responsive decision-making process and a flat organizational structure [5] - Lantu Automotive is committed to building a self-controlled supply chain and high-quality standards while maintaining the stability of a state-owned enterprise and the market sensitivity of a new force [5]

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].

Group 1 - The Shanghai International Automobile Industry Exhibition showcased Dongfeng Motor Corporation's theme "Intelligent New Dongfeng," marking the first joint exhibition of all its six independent brands [1] - Dongfeng officially launched the "Tianyuan Intelligent" technology brand, establishing a comprehensive intelligent technology system based on "one core, dual foundation, dual origin" [5][6] - The Tianyuan architecture serves as a central intelligence platform, integrating four major domains: power, body, cabin, and intelligent driving, while the Tianyuan OS is developed in collaboration with industry partners to promote ecosystem co-construction [6] Group 2 - Dongfeng's international expansion is accelerating, highlighted by a strategic cooperation agreement with Saudi Universal Motors Agencies to establish Saudi Arabia as a core strategic hub in the Middle East [7] - In Q1 of this year, Dongfeng's exports of self-owned passenger vehicles increased by 63% year-on-year, with a remarkable 138% surge in electric vehicle exports [7] - The company aims to transition from "market-driven technology" to "technology-driven standards," as stated by Dongfeng's chairman, emphasizing its commitment to leading the Chinese automotive industry [7]