Core Insights - The launch of the new generation Zhiji LS6 marks a significant step for Zhiji Auto, with prices ranging from 197,900 to 269,900 yuan, and the model is now available for pre-order and delivery [2] - Zhiji Auto has entered the range-extended electric vehicle market with its "Star Super Range Extender" technology, offering a pure electric range of 450 kilometers, comparable to many pure electric models on the market [2] - The LS6 is equipped with batteries from CATL, featuring two versions of 52 kWh and 66 kWh, and can achieve a maximum comprehensive range of 1,500 kilometers with a fuel consumption as low as 0.06L per 100 kilometers [2] Sales Performance - In 2023, Zhiji Auto's total sales reached 38,000 units, with the LS6 contributing significantly, surpassing 10,000 units in December [3] - However, from January to July 2023, cumulative deliveries were 25,000 units, showing a year-on-year decline, with August deliveries at 6,108 units [3] - The LS6 is expected to play a crucial role in driving growth for Zhiji Auto, especially as it targets a price point below 200,000 yuan [3] Product Features - The new generation LS6 features advanced driving control technologies, including the upgraded "Lingxi Digital Chassis," which offers functions like blowout stability control and active anti-rollover [4] - The LS6 also introduces the IM AIOS with an AI Agent for smart assistance, integrating with WeChat for various functionalities, and has enhanced features for adverse weather conditions [4] - In terms of competition, the LS6 faces rivals such as Avita 07, Lantu FREE+, Tesla Model Y, and others, with a strategy focused on "high configuration at low prices" [4] Market Response - The initial market response to the LS6 has been positive, with over 10,000 pre-orders placed within 27 minutes of its launch, indicating strong consumer interest [5]

新车首搭"恒星超级增程"，是增程，更是"自带超充桩的电车"，一举打消续航焦虑、补能不便、冬 季衰减及亏电体验差等所有焦虑。新车拥有450km纯电续航里程和800V超快充，综合续航更高大 1500km。而其百公里综合燃料消耗量仅0.06L，实现电车的体验，电车的成本。 同时，新一代灵蜥数字底盘全面升级，"灵蜥爆胎稳定控制"让车辆高速、弯道爆胎依然稳定行 驶；"主动防侧翻2.0"降低45%侧倾风险，为全家带来顶级安全守护。"灵蜥超级后驱"，无论高速变道， 还是湿滑路面，都拥有超越传统四驱的稳定，还可实现80%传统四驱脱困场景。同时，同级唯一双向 18°四轮转向系统，四驱版最小转弯半径仅4.49m，让大车的空间安全和小车的灵活好开完美兼顾。 或将决定智己汽车未来发展高度的战略车型，终于迎来换代。 9月10日，新一代智己LS6正式上市，新车首搭"恒星超级增程"、新一代"灵蜥数字底盘"、超强三 电，继续夯实其在20万元级别市场"技术标竿"的形象。同时，新一代智己LS6的入门售价也正式下探至 20万元以下，19.79万元让其性价比凸显。 2023年10月，首代智己LS6上市，并依托主流化的市场定位和鲜明的产品特色，迅速确 ...

Core Viewpoint - The article discusses the advancements in hybrid and extended-range electric vehicles (EREVs) in China, highlighting their increasing resemblance to pure electric vehicles in terms of technology and performance. Group 1: New Product Launches - The introduction of the Zhiji Star Super Extended Range vehicle marks a new era for EREVs with a range exceeding 450 km [2] - Lantu recently unveiled its Lanhai Intelligent Super Hybrid technology, featuring an 800V architecture, 5C ultra-fast charging, and a 63 kWh battery, achieving a pure electric range of 350 km and a comprehensive range of 1531 km for the 2026 Lantu Dreamer MPV [2] Group 2: Market Performance - The Lantu Dreamer, as one of China's first new energy MPVs, has quietly climbed to the top three in sales rankings [4] - After four years on the market, the recent upgrade of the Lantu Dreamer includes significant enhancements such as the world's first rear-wheel steering and crab mode, AI zero-gravity seat massage, three-row heating and ventilation, Huawei ADS 4, and HarmonyOS 5, further improving its product strength [4]

Core Viewpoint - The new generation of Zhiji LS6 is positioned as a key model to drive sales growth for Zhiji Auto, with a focus on advanced technology and competitive pricing to capture market share in the high-end electric vehicle segment [3][4]. Group 1: Product Launch and Pricing - The new generation Zhiji LS6 was officially launched for pre-sale on August 15, with a price range of 209,900 to 279,900 yuan, reflecting the company's commitment to penetrate the market [3]. - The LS6 is part of a strategic "dual 6" combination with the L6 model, aimed at appealing to mainstream market demands with a price point between 200,000 and 300,000 yuan [3]. Group 2: Sales Performance - From January to July, the Zhiji LS6 sold 18,261 units, accounting for the majority of Zhiji's overall sales [3]. - In July alone, the LS6 sold only 5,809 units, leading to a total of 24,967 units sold from January to July, representing a year-on-year decline of 6.25% [4]. Group 3: Competitive Landscape - The high-end electric vehicle market is highly competitive, with established players achieving monthly sales of 30,000 to 50,000 units, while new entrants like Xiaomi and Hongmeng Zhixing are also gaining traction [4]. - Competitors such as Zeekr, Lantu, and Avita reported sales of 17,257, 12,135, and 10,062 units respectively in July, highlighting the competitive pressure on Zhiji [4]. Group 4: Technological Innovations - The LS6 features the new Lingxi digital chassis, enhancing driving performance with advanced control systems and safety features, including a 45% reduction in rollover risk [6]. - The vehicle is equipped with a 27.1-inch 5K cockpit display and advanced AI-enhanced visibility features for improved safety in adverse weather conditions [6]. - The LS6 is the first model to incorporate the "Hengxing" super range extender technology, developed in collaboration with CATL, addressing common consumer concerns about range anxiety and charging convenience [8]. Group 5: Battery and Energy Efficiency - The LS6 is powered by a 66 kWh super battery, achieving a pure electric range of over 450 km and a total range of 1,500 km [10]. - The vehicle demonstrates excellent energy efficiency, with a combined energy consumption of only 2.07 L per 100 km and a minimal fuel consumption of 0.06 L per 100 km [10]. - The battery maintains 90% capacity at temperatures as low as -20 degrees Celsius, with rapid charging capabilities starting at 170 kW [10].

Core Insights - The article highlights the ongoing challenges in the electric vehicle (EV) market, particularly regarding range anxiety and the increasing homogeneity of products, which complicates consumer choices [1] - The new generation of the Zhiji LS6 has been launched with both super range extender and pure electric versions, aiming to address these issues and enhance user experience [3][4] Group 1: Product Features - The Zhiji LS6 features the "Hengxing" super range extender technology, which aims to solve the problems of limited pure electric range and poor performance in low temperatures [6][10] - The vehicle is equipped with a 66kWh battery, offering a comprehensive range of 1500km, with a pure electric range of 450km, significantly surpassing the average pure electric range of current range extender models [8] - The LS6 supports ultra-fast charging, allowing users to gain 310km of range in just 15 minutes [10] Group 2: Performance and Efficiency - The LS6's fuel consumption is notably low, with a fuel consumption of 5.32L per 100km when depleted, and a combined energy consumption of 2.07L per 100km, which is 35% lower than mainstream models [12] - The vehicle incorporates advanced safety features, including a new active rollover prevention system that reduces rollover risk by up to 45% [17] Group 3: Comfort and Technology - The LS6 boasts a high space utilization rate of 90%, with a spacious rear seat area and various comfort features, including a dual-door smart refrigerator [19] - It includes a full-scene digital cockpit with a 27.1-inch 5K main display and a 15.6-inch entertainment screen for the passenger, enhancing the in-car experience [20][22] - The vehicle is equipped with advanced driver assistance systems, including the IMAD 3.0, which supports various driving scenarios and enhances safety [24] Group 4: Market Response and Future Outlook - The LS6 received significant consumer interest, with over 10,000 pre-orders within 30 minutes of its launch [26] - The vehicle is set to officially launch on September 10, 2023, and aims to establish itself as a leader in the competitive automotive market [26]

Core Viewpoint - The new generation of Zhiji LS6, a five-seat intelligent SUV, has officially started pre-sales, offering both super extended range and pure electric versions, aiming to disrupt the large SUV market with advanced technology and luxury features [1][21]. Group 1: Product Features - The new generation Zhiji LS6 features the "Lingxi" digital chassis, integrating advanced electronic architecture and top-tier hardware for enhanced driving performance, including a unique tire blowout stability control and active anti-roll technology [3][11]. - The vehicle offers a spacious interior with a high space utilization rate of 90%, innovative seating configurations, and luxury amenities such as a dual-door refrigerator and advanced sound systems [11][19]. - It is equipped with a 27.1-inch 5K cockpit screen and a 15.6-inch entertainment screen for an immersive user experience, along with upgraded safety features for adverse weather conditions [6][10]. Group 2: Pricing and Models - The new generation Zhiji LS6 is available in four models with pre-sale prices ranging from 209,900 to 289,900 yuan, with specific models priced at 209,900 yuan for the pure electric Pro and 279,900 yuan for the pure electric Ultra [4][21]. Group 3: Technological Innovations - The "Hengxing" super extended range technology, developed in collaboration with CATL, allows the LS6 to achieve a range of 1500 km, addressing common concerns about range anxiety and charging convenience [15][19]. - The vehicle features an industry-leading 66 kWh battery with a pure electric range exceeding 450 km and ultra-fast charging capabilities, allowing for a 310 km range boost in just 15 minutes [17][19]. Group 4: Market Positioning - The new generation Zhiji LS6 is positioned as a top choice in the 200,000 yuan segment for intelligent five-seat SUVs, emphasizing its electric and intelligent travel transformation [21].

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The report highlights the rapid growth in the automotive industry, particularly in the new energy vehicle (NEV) sector, with a significant profit increase of 96.8% in June 2025 compared to the previous year [11] - The report notes that the financing activities in the smart vehicle sector are accelerating, with several companies completing significant funding rounds to enhance their market presence [34][35][37] Summary by Sections 1. Information Dispatch - July sales rankings for new energy vehicles show that Leap Motor sold 50,100 units (up 4.4% month-on-month), AITO sold 40,800 units (down 8.8%), and Xpeng sold 36,700 units (up 6.1%) [9] - New vehicle releases include the Li Auto i8, Changan's Kua Yue Xing Guang, and others, with prices ranging from 24,900 to 369,800 RMB [9] - The National Bureau of Statistics reported a 96.8% increase in profits for the automotive industry in June [11] - The China Banking Association forecasts a 23.44% year-on-year increase in loans for new energy vehicles by the end of 2024 [13] - China FAW Group aims to sell over 5 million vehicles and 3 million smart connected NEVs by 2030 [15] 2. Technology Dynamics - Zhiji Auto launched the "Hengxing" super range extender with a pure electric range exceeding 450 km and a combined range of over 1500 km [18] - Kioxia introduced automotive-grade UFS 4.1 flash memory, which offers 3.7 times the random write speed of UFS 3.1 [19] - Li Auto's i8 features the world's first VLA driver model, enhancing its autonomous driving capabilities [20] - Geely unveiled the industry's first intelligent cockpit, which will be implemented in the Galaxy M9 [21] 3. Lithium Battery Insights - Recent data indicates a slight decline in battery-grade lithium carbonate prices, averaging 71,310 RMB per ton as of August 1, 2025 [23] - The report provides a detailed overview of lithium battery material prices, showing fluctuations in various components [24] 4. Investment and Financing Events - Bulletrux completed nearly 100 million RMB in angel financing to accelerate the marketization of new energy heavy trucks [34] - Xiaomi's investment fund acquired a stake in Huayue Transmission Technology, increasing its registered capital by approximately 16% [35] - Fenrong Automotive secured 7.8 million RMB in angel financing to promote a new retail model for vehicles [36] - CATL's subsidiary raised several billion RMB in Series A financing, achieving a post-investment valuation exceeding 10 billion RMB [37]

Investment Rating - The report indicates a strong upward trend in the automotive and robotics sectors, particularly highlighting the potential of intelligent driving and humanoid robots as key investment opportunities [3][4]. Core Insights - Intelligent Driving: The sector shows robust growth with increasing penetration rates for smart driving technologies and accelerated commercialization of Robotaxi services. WeRide has obtained the first autonomous driving license in Saudi Arabia, making it the only company with licenses in six countries [1][7]. - Robotics: The industry is experiencing steady growth, with new product launches from leading overseas companies expected to drive acceleration in the sector. The introduction of the "Lingqu OS" by Zhiyuan Robotics aims to create an open-source framework for embodied intelligence [2][14]. Summary by Sections Intelligent Driving - WeRide announced its Q2 financial results and received the first autonomous driving license for its Robotaxi in Saudi Arabia, marking a significant milestone in its global expansion [1][7]. - The establishment of the Changan Group as the third national automotive central enterprise in China, with a registered capital of 20 billion yuan, indicates a strengthening of the automotive industry [1][10]. - The launch of the Li Auto i8, the first mass-produced VLA electric SUV, signifies advancements in electric vehicle technology and market competition [1][8]. - NIO's L90 SUV saw a surge in orders on its first day of launch, reflecting strong market demand for new electric models [1][9]. Robotics - The humanoid robot R1 was launched by Yushun Technology at a starting price of 39,900 yuan, showcasing advancements in consumer-grade robotics [2][25]. - Zhiyuan Robotics introduced the "Lingqu OS," an open-source operating system aimed at enhancing the integration of robotic systems and driving breakthroughs in embodied intelligence technologies [2][28]. - The robotics sector is witnessing increased collaboration among companies, with strategic partnerships being formed to enhance product offerings and market reach [2][20]. Investment Recommendations - The report emphasizes that ROBO+ represents the strongest industrial trend in the automotive sector, with intelligent driving and humanoid robots being pivotal areas for growth. The penetration rate for advanced intelligent driving is expected to see explosive growth by 2025 [3][4]. - Key supply chain components such as chips, LiDAR, and optical devices are anticipated to experience significant growth, with recommendations to focus on leading companies in these fields [3][4]. - The second half of 2025 will be crucial for monitoring technological advancements and market dynamics in the robotics sector, particularly regarding new technologies and component pricing [3][4].

Group 1 - The core message highlights the rapid progress of Zhiji Auto in vehicle deliveries and international expansion, with 7,021 new cars delivered in July and entry into markets such as the UK, Australia, and Nepal [2] - Zhiji Auto, in collaboration with Xiangdao Mobility and Qiangsheng Taxi, has received a new batch of intelligent connected vehicle demonstration operation licenses in Shanghai, marking a significant step towards the commercialization of L4 autonomous driving technology [2] - The launch of the "Star" super extended range technology, featuring a 66kWh-800V battery solution, offers over 450 kilometers of pure electric range and a total range exceeding 1,500 kilometers, enhancing safety and performance in low temperatures [2] Group 2 - The new generation Zhiji LS6, the first extended-range SUV with a large battery, is set to make its global debut on August 15, while the luxury flagship model LS9 is expected to be unveiled in the fourth quarter of this year [3]

Core Viewpoint - Zhiji Auto has officially launched the "Stellar" super range extender technology, featuring the Ningde Times (CATL) Xiaoyao Max battery, which boasts a capacity of 66kWh and 800V high-voltage technology, claiming to have the longest pure electric range in the industry at over 450km [1] Group 1: Technology Features - The battery supports a 4C charging rate with a peak charging power of 268kW, allowing for a 15-minute charge to replenish a range of 310km [1] - The comprehensive range exceeds 1500km, with a combined fuel and electricity consumption of 2.07 liters per 100 kilometers, and a fuel consumption of 5.32 liters when the battery is depleted, which is claimed to be the lowest in its class [1] - The battery can still deliver a discharge power of 275.5kW even at a state of charge of only 16% [1] Group 2: Winter Performance and New Model - The technology includes a winter-specific strategy called "Low-Temperature Smooth Travel," maintaining the battery temperature at 20°C during winter long-distance driving conditions, with a measured low-temperature charging starting power of 170kW [1] - The new generation Zhiji LS6, the first super range extender model from Zhiji Auto, is set to officially start pre-sales on August 15, 2023, and is positioned as a "super large five-seat intelligent SUV" [1]