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].

撰 文 / 牛跟尚 设 计 / 赵昊然 卢放，很忙！ 3月3日，岚图汽车CEO卢放，与北京火山引擎科技有限公司在武汉签署战略合作协议，双方将在智 能驾驶、AI座舱、企业数字化创新等核心场景深度合作。 3月11日，卢放出席岚图汽车向哥斯达黎加共和国驻华大使馆交付全新岚图梦想家的交车仪式，该 车用作使馆官方指定工作用车。他表示，2025年岚图汽车会投入更多精力开拓拉美地区市场。 3月13日，卢放分享其在对话直播节目的切片视频，强调负责任的汽车企业应明确智驾能力边界， 让用户有充分的知情权和选择权，不要被误导。 2025年全民智驾时刻，卢放认为，行业内缺乏智驾标准化定义，企业要跟用户讲清楚智驾的能力和 边界，要说真话、"人话"，让用户有正确的判断权利，明确不同价位车型智驾能力的差异，确保用 户的知情权和选择权。 他指出，智驾平权的前提是安全，岚图汽车内部开发智驾时将安全放在首位，通过持续创新，建立 透明的能力标尺、严谨的责任框架和普适的认知体系，实现智驾从"能用"到"好用""敢用"的跨越。 谈及与华为的合作模式，卢放表示，合作不是简单的甲方乙方关系，而是深度共创，是"企业个性 +技术共性"的融合，通过体系创新重塑成 ...