值得注意的是，8月份以来，上汽已经连续发布多款重点产品。在尚界H5之前，8月5日，名爵旗下畅销 海外的"全球车"MG4迎来全新纯电车型。8月15日，智己品牌推出了新一代智己LS6，其超级增程版本 续航能力接近1500公里，受到市场的广泛关注。上汽奥迪也在8月相继推出奥迪A5L Sportback和E5 Sportback两款车型，剑指高端燃油和纯电市场。 下转 5版 （上接第1版） 本报记者 吴丹璐 昨天，上汽与华为合作打造品牌"尚界"的首款车型尚界H5正式开启预订。在鸿蒙智行举行的秋季新品 发布会上，尚界H5公布预售价16.98万元起，将于9月23日正式上市。开启预定一小时后，该车型小订突 破2.5万台。 "尚界"品牌自成立始，就备受外界关注。这一品牌不仅是华为鸿蒙智行家族的第五"界"，也是上汽对外 合作的关键落子。上汽集团总裁贾健旭曾公开表示，鸿蒙智行的智能解决方案让用户感受到最前沿的技 术和智能化体验，上汽垂直一体化产业整合能力将带鸿蒙智行更快地进入主流市场。 从目前公布的信息来看，尚界H5的确集纳了双方造车的长处。新车型搭载的HUAWEI XMO TION数字 底盘引擎融合了上汽70年的底盘开发经验； ...

近日，一汽奥迪与上汽奥迪的恩怨情仇再度成为公众焦点。起因是一汽奥迪及中国一汽官方公众号发文强调奥迪四环标志的重要性，称其是品牌严苛标准的 象征，即便进入电动时代，不妥协的基因也未改变，此言论被外界视为对上汽奥迪的嘲讽。 不久前，上汽奥迪旗下豪华电动品牌AUDI首款战略车型奥迪E5 Sportback开启预售，这款针对中国市场研发的车型取消了奥迪经典的四环车标，改用AUDI 英文车标，这就让坚守传统标识的一汽奥迪看不过去了。 奥迪A5的上市成为了"捅破窗户纸"的导火索，奥迪为抢占市场，制定双车战略，一汽奥迪推出三厢版A5L，主打经典风格；上汽奥迪推出A5L Sportback， 主打运动风。上汽奥迪A5L前脚以26万元起的预售价亮相，一汽奥迪A5L后脚就以25.68万元起的价格跟进，"竞争"二字已经不需要掩饰了。 值得一提的是，一汽奥迪"暗讽"上汽奥迪的前几天，还推出了全新"融合直售"模式。此模式深度整合经销商体系与直营模式优势，客户通过官方统一平台下 单，全国实行统一价格，避免客户多店比价和买贵风险，消除强制捆绑消费，保障消费者权益。同时，一汽奥迪全国近600家经销商服务网络依旧发挥关键 作用，为客户提供多样 ...

近日，奥迪A5L及A5L Sportback上市。这两款搭载华为乾崑智能驾驶系统的燃油车表明，燃油车同样能够拥有智能化体验。它的出现不仅反驳了"电 动化=智能化"这一简单等式，更为行业提供了一个重新思考汽车智能化本质的契机——智能化不应成为某种能源形式的专属标签，而应是跨越动力形式 的技术普惠。 在技术发展史上，我们认识到一个真理：当某种技术从特定载体中解放出来，往往能迸发出更强大的生命力。燃油车与电动汽车在智能化赛道上 的"和解"，正是这一规律的生动体现。这场和解并非简单的技术迁移，而是对整个智能出行生态的重构——它允许多样性共存，尊重消费者的个性化选 择，最终让技术进步的红利惠及更广泛的人群。 破解燃油车智能化障碍 "智能化最大的误区，在于试图用单一标准来满足所有需求。"赵福全强调道。以奥迪A5L Sportback为例，其智能系统提供了5种模式选择，甚至保留 了纯粹手动控制的选项。这种灵活性得到了市场的积极反响——在预售订单中，有30%的消费者选择了保留更多人工干预权的配置版本。 不同能源形式的用户画像存在显著差异。蔚来汽车用户研究院的调研结果显示，电动汽车用户平均每天使用智能座舱娱乐功能的时间是燃油车 ...

Core Viewpoint - Audi is accelerating its market presence in China with the launch of several key models, including the A5L Sportback and Q6L e-tron, amidst a challenging competitive landscape and declining sales performance [1][2][18]. Group 1: New Model Launches - Audi has introduced the A5L Sportback and Q6L e-tron in a short span, marking a significant step in its strategy to revitalize its brand in China [1][2]. - The Q6L e-tron is the first model on Audi's new PPE platform, which is the first 800V electric platform among joint ventures in China [6][12]. - The A5L and A5L Sportback are part of Audi's dual-car strategy, targeting different market segments with distinct positioning [15][17]. Group 2: Market Strategy and Positioning - Audi's strategy includes a focus on both traditional fuel vehicles and electric models, with an emphasis on integrating Huawei's intelligent driving technology to enhance competitiveness [4][6]. - The pricing strategy for the new models reflects a compromise, with the Q6L e-tron priced between 348,800 to 398,800 yuan, which is lower than initial expectations [7][8][9]. - The dual-car strategy aims to leverage the strengths of both joint ventures, with SAIC Audi focusing on personalized needs and FAW Audi aligning with global standards [11][15]. Group 3: Financial Performance and Market Challenges - Audi's global financial report indicates a 37.5% drop in after-tax profits, marking the lowest profit margin in nearly a decade, primarily due to the challenges of transitioning to electric vehicles [18][19]. - The competitive landscape has shifted, with Huawei's smart driving series surpassing Audi in sales and average transaction prices, highlighting the need for Audi to adapt to changing market dynamics [19][20]. - The success of the new AUDI models in China will depend on their ability to set competitive prices and meet consumer expectations in a rapidly evolving market [20].

Core Viewpoint - The article provides an overview of new vehicle models set to launch in August 2025, detailing specifications, pricing, and market segments for each model [2][3]. Group 1: New Vehicle Launches - SAIC Audi will launch the Audi A5L Sportback on August 1, 2025, with a price range of 27.99 to 39.99 million yuan, targeting the B NB segment [6][5]. - Dongfeng Motor will introduce the e π 008 on August 1, 2025, priced between 18.86 and 20.36 million yuan, positioned in the C SUV segment [14][13]. - FAW Car will release the Benben Xiaoma on August 2, 2025, with a price of 3.69 million yuan, aimed at the A00 HB segment [22][21]. - Chery Jaguar Land Rover will launch the Jaguar XFL on August 5, 2025, with a price range of 43.99 to 48.99 million yuan, targeting the C NB segment [30][29]. - FAW-Volkswagen will introduce the Jixing on August 5, 2025, with a price range of 26.99 to 29.99 million yuan, positioned in the C SUV segment [38][37]. - Geely Auto will launch the Lynk & Co 06 on August 5, 2025, with a price range of 11.76 to 12.96 million yuan, targeting the AO SUV segment [46][45]. - FAW Audi will release the Audi A5L on August 7, 2025, with a price range of 25.58 to 30.98 million yuan, aimed at the B NB segment [54][53]. - Audi FAW will launch the Audi Q6L e-tron on August 7, 2025, with a price range of 36.98 to 39.98 million yuan, targeting the B SUV segment [62][59]. - Audi FAW will also introduce the Audi Q6L Sportback e-tron on August 7, 2025, with a price range of 38.98 to 41.98 million yuan, positioned in the B SUV segment [70][67]. - Changan Automobile will launch the UNI-V on August 7, 2025, with a price range of 10.29 to 11.99 million yuan, targeting the A NB segment [78][75]. - SAIC-GM-Wuling will introduce the Baojun Yueye Plus on August 8, 2025, priced at 11.68 million yuan, aimed at the AO SUV segment [86][83].

Core Viewpoint - SAIC Volkswagen reported a cumulative terminal sales of 605,000 vehicles from January to July, representing a year-on-year growth of 1.1% [2] Sales Performance - In July, terminal sales reached 83,000 vehicles [2] - Specific model sales in July included: - Tiguan family: over 16,000 units - Tayron family: 12,000 units - Lavida family: 23,000 units - Passat family: 17,000 units [2] New Product Launches - The new Lingdu L was unveiled on July 30, featuring a dual-engine option of 1.5T and 2.0T, emphasizing safety and quality [2] - The all-new Audi A5L Sportback was launched on August 1, highlighting four core advantages aimed at young elite consumers [2] Upcoming Events - The new Lingdu L will be showcased at the Chengdu Auto Show in August [2] - The Pro family from SAIC Volkswagen is set for a refresh in September, with upgraded models like Lavida Pro and Audi E5 Sportback in the pipeline [2]

Core Viewpoint - The automotive industry is entering a new crossroads phase, with the end of the electric vehicle (EV) dividend and the dawn of automotive intelligence, while robotics innovation is in the 0-1 stage. The recommendation is to increase the allocation weight of "dividend style" investments in the second half of the year [6][8][13]. Weekly Review Summary - In the fourth week of July, the compulsory insurance for vehicles reached 440,000 units, with a week-on-week increase of 13.2% but a month-on-month decrease of 22.8% [3][11]. - The performance of segmented automotive sectors this week ranked as follows: SW commercial cargo vehicles (-0.4%) > SW commercial passenger vehicles (-0.7%) > SW automotive parts (-2.1%) > SW automobiles (-2.4%) > SW motorcycles and others (-2.4%) > SW passenger vehicles (-3.4%) [3][11]. Industry Core Changes - Xiaopeng's new P7 will debut on August 6, with 36,717 new cars delivered in July. - Li Auto launched its first pure electric SUV, the i8, with deliveries starting on August 20. The Pro version is priced at 321,800 yuan, the Max version at 349,800 yuan, and the Ultra version at 369,800 yuan, with 30,731 new cars delivered in July [5][12]. - Zhiji released the "Star" super range extension system, targeting a pure electric CLTC range of over 400 km and a comprehensive CLTC range of 1,500 km. Audi A5L Sportback was officially launched with a starting price of 259,900 yuan [5][12]. - Yutong Bus signed a procurement agreement for 400 pure electric buses with its partner in Pakistan, marking the largest single order for new energy buses in Pakistan [5][12]. Sector Outlook - The automotive sector remains optimistic, focusing on three main lines: dividends, intelligence, and robotics [6][13]. - The market's core focus this week was on the automotive sector, which underperformed the broader market, with heavy trucks performing relatively better. The internal demand for passenger vehicles met expectations, but the performance of new energy vehicles fell short [6][13]. - Recommendations for sector allocation include: - **Dividend & Good Pattern Main Line**: Buses (Yutong Bus), heavy trucks (China National Heavy Duty Truck Group A-H / Weichai Power), two-wheelers (Chunfeng Power / Longxin General), and parts (Fuyao Glass + Xingyu Co., Ltd. + Xinquan Co., Ltd. + Jifeng Co., Ltd.) [8][13]. - **AI Intelligence Main Line**: Preferred passenger vehicles in Hong Kong stocks (Xiaopeng Motors-W / Li Auto-W / Xiaomi Group-W) > A-shares (Seres / SAIC Motor / BYD); preferred parts (Horizon Robotics-W / China Automotive Research / Desay SV / Bertel / Black Sesame Intelligence) [8][13]. - **AI Robotics Main Line**: Preferred parts (Top Group + Precision Forging Technology + Fuda Co., Ltd. + Xusheng Group + Aikodi) [8][13].

Core Viewpoint - The launch of the new SAIC Audi A5L Sportback marks a significant entry into the luxury fuel B-segment sedan market, combining advanced intelligent driving technology with traditional fuel performance [1][12]. Group 1: Product Overview - The A5L Sportback is positioned as a "luxury intelligent performance sedan" with a price range of 259,900 to 369,900 yuan, including a limited-time cash discount of 4,000 yuan [1]. - The vehicle is built on Audi's PPC luxury fuel vehicle platform and features Huawei's Qian Kun intelligent driving technology, making it the first in its class to offer high-level intelligent driving capabilities [1][6]. Group 2: Design and Features - The A5L Sportback retains Audi's classic coupe silhouette and frameless door design, offering three sporty front-end styles and seven body color options [4]. - Inside, it features a five-screen interactive digital system, including an 11.9-inch instrument panel and a 14.5-inch central control screen, along with a 10.9-inch entertainment screen for the front passenger [4]. - The vehicle is equipped with a PDLC adjustable panoramic sunroof with nine independent dimming zones and a low ultraviolet transmission rate of 0.1% [4]. Group 3: Intelligent Technology - The A5L Sportback is the first fuel vehicle globally to incorporate Huawei's Qian Kun technology, leveraging the latest E³ 1.2 electronic architecture for high integration and flexibility [6]. - It features a Vehicle Motion Management (VMM) module that integrates core systems for chassis drive, braking, and steering, enabling seamless coordination between intelligent assistance and vehicle control [6]. Group 4: Safety Features - The vehicle is equipped with 32 high-performance sensors, including two laser radars with a self-cleaning system, ensuring precision in complex environments [8]. - The body structure consists of 22.2% hot-formed steel, with high-strength steel and above making up 81% of the vehicle, achieving a five-star safety rating after 71 crash tests [8]. Group 5: Performance Specifications - The A5L Sportback is powered by the fifth-generation EA888 engine paired with a 48V MHEV Plus mild hybrid system, delivering a maximum output of 200 kW and a 0-100 km/h acceleration time of 5.6 seconds [10]. - The chassis features a front and rear five-link independent suspension and a quattro all-wheel-drive system, enhancing driving dynamics and ride quality [10]. Group 6: Market Positioning - The new A5L Sportback combines the mechanical aesthetics of fuel vehicles with intelligent driving concepts, showcasing the characteristics of a new era luxury car [11].

Group 1 - Volkswagen Group's supervisory board has extended the contract of Berndt, the head of China operations, for another three years until summer 2028, emphasizing the importance of stable management for achieving strategic goals in the Chinese market [1][5] - Berndt's initial three-year term is set to end on July 30, and he has been pivotal in advancing product development and implementing the "In China, For China" strategy, which involves significant investments [1][2] - The past three years have been defined as a critical transition period for Volkswagen in China, focusing on the localization of electric vehicle development and integration into the local ecosystem, supported by a total investment of 50 billion yuan [3] Group 2 - Volkswagen's transformation investments are expected to peak in 2024, with a "monetization period" approaching, as the company prepares to deliver its first locally developed electric smart vehicles starting in the second half of 2025 [4] - The company plans to launch over 20 new smart connected vehicle models in China by 2026, covering various powertrains, to increase its market share in the Chinese electric vehicle sector [4] - Despite the ongoing transformation, there are concerns regarding the declining investment returns from joint ventures in China, with expected earnings of 1.7 billion euros in 2024, a 33.5% year-on-year decrease [4][5] Group 3 - The renewal of Berndt's contract reflects the supervisory board's recognition of the rapid progress in China's strategy and signals strong support for the ongoing transformation and local integration [5] - Other key members of the Volkswagen China board have undergone changes, indicating a shift in management as the company prepares for the next three years of competition in the electric vehicle market [5]

Group 1: Overall Performance - Volkswagen Group reported global vehicle deliveries of 4.41 million units in the first half of 2025, representing a year-on-year growth of 1.3% [1] - The sales of electric vehicles (EVs) surged by 47% year-on-year, reaching 465,500 units, which accounted for 11% of the total sales, up from 7% in the same period last year [1] Group 2: Market Performance in China - In the Chinese market, Volkswagen Group delivered 1.31 million vehicles, a slight decline of 2.3% year-on-year, but June sales showed a recovery with 247,000 units sold, marking a 9% increase [1] - Volkswagen brand (including Jetta) delivered 996,000 units in the first half of 2025, a year-on-year increase of 1.1%, with significant contributions from the Sagitar and Passat models [2] Group 3: Strategic Initiatives - Volkswagen Group plans to launch approximately 30 new energy vehicles by 2027 and increase this number to 50 by 2030, covering a range from A-class to C-class products [1][3] - The company is set to initiate its largest-ever new energy product offensive in China at the 2025 Shanghai International Auto Show, with new intelligent connected vehicles scheduled for delivery starting in the second half of 2025 [3] Group 4: Future Strategy - Volkswagen aims to implement the "In China, For the World" strategy, leveraging China's production capacity and technological advantages to expand its overseas market presence [4]