Core Viewpoint - The supercar market is undergoing a significant transformation, with Chinese brands emerging as challengers against the long-standing dominance of European brands in the high-end automotive sector [2][3][11] Market Landscape - The global supercar market has been historically centered around European brands like Ferrari, Lamborghini, and Porsche, which have established strong market barriers through technology, brand recognition, and supply chain control [3][4] - In 2024, the top 10 supercars in China priced over 1 million yuan sold a total of 4,219 units, with European brands accounting for over 90% of both brand and sales statistics [3] Technological Advancements - Chinese brands are exploring diverse paths in the supercar sector, achieving breakthroughs in both electric and fuel-powered vehicles [3][4] - NIO's EP9 set a record at the Nürburgring with a time of 6 minutes and 45.90 seconds, while BYD's Yangwang U9 has begun mass production, showcasing the feasibility of "overtaking" in the high-end electric supercar market [3][4] - Great Wall Motors is developing a hybrid supercar with a 4.0T V8 engine and electric motor, achieving a combined power of 1,000 horsepower and a 0-100 km/h acceleration time of under 2.5 seconds [4] Industrial Foundation - Chinese brands have made significant advancements in core technology, enabling self-research and development of key components, which supports the industrialization of supercars [5][6] - Great Wall's 4.0T V8 engine boasts a thermal efficiency of 38.5%, while BYD's blade battery achieves an energy density of 180 Wh/kg, enhancing safety and charging capabilities [5][6] Cost and Supply Chain Advantages - Chinese brands benefit from a complete electric vehicle supply chain, with core components costing 30%-40% less than those of European brands, allowing for lower production costs for electric supercars [7] - The upcoming luxury car tax adjustment in China may initially pressure high-end markets but could ultimately foster technological upgrades and enhance brand recognition for domestic brands [8] Marketing and Brand Strategy - Chinese brands are investing in marketing innovations and global positioning to build a unique brand ecosystem, with NIO and Great Wall Motors focusing on experiential marketing to enhance brand perception [9][10] - The strategic value of supercars extends beyond direct sales, as they serve as brand symbols that elevate overall brand equity and profitability [8][10] Challenges and Future Outlook - Despite advancements, Chinese brands face challenges in brand recognition, cost control, and service systems, which require long-term efforts to transition from technical advantages to ecological advantages [10] - The future of the global supercar market is expected to integrate electrification, intelligence, and sustainability, providing greater opportunities for Chinese brands to redefine their roles and establish new market standards [11]

Core Insights - Great Wall Motors is actively developing its ultra-luxury brand, with a recent tender announcement for suppliers to assist in building the brand [1][2] - The ultra-luxury brand is still in the early stages of development, focusing on brand positioning and product naming [2] - The brand's leadership includes Chairman Wei Jianjun, CEO Song Dongxian, and CTO Zhang Xiaobo, with a focus on a "dual-core" organizational structure [2][4] Brand Development - The ultra-luxury brand is expected to feature a hybrid powertrain, combining a 4.0T V8 twin-turbo engine with an electric motor, targeting around 1000 horsepower and a 0-100 km/h acceleration time of under 2.5 seconds [3] - The brand aims to compete not only with Ferrari but also with other high-end brands like Rolls-Royce, Porsche, and Lamborghini, as indicated by the tender requirements for suppliers [3][4] Supplier Requirements - The tender specifies that suppliers must have at least three core team members with over eight years of experience in the ultra-luxury or luxury goods sector, along with unique strategies targeting high-net-worth individuals [4] - The company emphasizes a "high quality, small batch" philosophy, indicating a significant departure from mass production practices [4] Market Context - Great Wall Motors is eager to enter the ultra-luxury market, reflecting a shift in Chinese consumer perceptions of luxury vehicles [5] - At least seven domestic brands have recently targeted the million-yuan luxury car market, indicating a growing trend among Chinese manufacturers to establish credibility in high-end automotive production [5]