2025年结束，奇瑞交出了一整年的成绩单。 " 多年深耕迎来「兑现期」，奇瑞走向下一个「黄金十年」 " 作者丨 于莹 编辑丨 马广宇 2025年全年，奇瑞累计销量280.6万辆，同比增长7.8%。其中，新能源累计销量903,847辆，同比增长 54.9%；出口累计达到1,344,020辆，同比增长17.4%。 这一成绩也创下中国车企单月、年度、累计出口三项记录，连续23年位居中国品牌乘用车出口第一。 过去一年，汽车行业驶入以智能化为核心的新航道，一个根本性的行业共识已然显现：依赖旧有技术路径 与市场思维的企业难以抵达未来的彼岸。而奇瑞早已洞悉趋势、主动破局，凭借有预见性的战略布局与长 期的技术深耕，稳稳拿到了驶向新阶段的 "船票"。 鉴于奇瑞多年的市场深耕，取得如此成绩自是在意料之内。更值得关注的是，奇瑞新能源销量飞速增长， 11月份新能源批发销量位居行业前三，已成功跻身行业第一阵营。 这一变化代表着兼具深厚制造底蕴的奇瑞，早已跳脱出框住自己的束缚，积极拥抱新能源、新技术，成为 传统车企转型中极具参考价值的非传统样本，完成了一场华丽的"飞跃"。 以技术为核心竞争力的奇瑞，自始至终将创新刻入发展基因中。技术创新 ...

刚刚过去的2025年，在全球经济格局深度调整与汽车产业百年变革交汇的关键节点，中国汽车工业展现出前所未有的活力与韧性。作为我国自 主品牌的中坚力量，奇瑞以一份出色的年终硬核答卷，为这不平凡的一年写下了生动的注脚。 "2025年，是奇瑞从汽车制造商向全球化高科技生态集团转型跨越的关键一年。"在2026年新年献词中，奇瑞董事长尹同跃如此概括刚刚过去的这一年。 这一年，奇瑞销售汽车2806393辆，同比增长7.8%；其中，海外市场出口量达1344020辆，同比劲增17.4%，连续第23年稳居中国品牌乘用车出口榜首。这意 味着平均每23秒，即有一辆"奇瑞造"驶向世界。全年销售新能源汽车903847辆，同比增长54.9%。与此同时，奇瑞旗下产品的品质表现也再上台阶，在多项 质量评价中位居自主品牌前列。这不仅标志着其在销量、出口、新能源、品质四大领域实现了历史性突破，更映射出中国汽车产业整体向上突破的澎湃动力 与清晰路径。 规模增长与资本赋能筑牢发展根基 销量的大幅增长是企业实力最直观的体现。奇瑞超280万辆的年销量成绩单，使其稳居行业第一阵营。这一成就源于其均衡且高质量的市场结构：国内 市场根基扎实，海外市场贡献了近乎 ...

当中国汽车工业在新能源与智能化的浪潮中完成从"追赶者"到"引领者"的角色转变，一个更具深远意义的命题随之浮现： 我们能否打造出真正赢得全球市场认可与尊敬的豪华品牌？这不仅关乎产业升级的成败，更关乎中国制造在全球价值链中能否 实现从规模优势到价值定义的跨越。 12月22日，奇瑞集团旗下高端品牌星途在北京以一场名为"新进阶新星途"的品牌之夜，对此给出了清晰而坚定的回答。这 并非一次寻常的产品发布会，而是一次系统性的战略宣告——星途品牌3.0时代正式启幕，其目标是成为"智能出行时代的全球 性能豪华品牌创新者"。从过去七年"理工男"式的务实积淀，到如今在技术、设计、产品与体验等维度的全面焕新，星途的进 阶之路，恰是中国汽车品牌从规模制造迈向价值创造，进而挑战全球豪华市场格局的生动缩影。 在传统豪华车的价值体系中，大排量发动机、稀缺材质与百年品牌故事构成了难以撼动的护城河。然而，当电动化与智能 化浪潮席卷而来，星途敏锐地意识到，豪华的定义权正在发生转移。其选择的路径是：摒弃单纯的参数竞赛，转而构建一套覆 盖安全、性能与智能的完整技术生态，让科技创新成为豪华体验可感知、可信赖的坚实基石。 驱动性能层面，星途同步推进"效率 ...

文｜极智GeeTech 近日，工信部首次批准L3级自动驾驶商业化运营，通过L3级自动驾驶准入申请的两款车型为长安深蓝SL03与极狐阿尔法S6，标志着我国首次允许车辆在特 定条件下由系统承担驾驶任务。可以预见的是，2026年将真正成为L3级自动驾驶的"量产元年"。 值得注意的是，此次明确了L3级自动驾驶的权责划分：当车辆在限定路段以不超过80公里时速自主行驶时，一旦发生事故，若系统处于激活状态，车企或 将承担主要责任。同时，准入要求L3级自动驾驶车辆的传感设备必须为"前装量产"，后改装车辆无法获得试点资格，从源头保障技术稳定性。 行业普遍认为，L3级是从"辅助驾驶"到"完全自动驾驶"的重要过渡，后续的L4级自动驾驶将实现更大突破——在固定区域内，车辆可完全脱离人类干预，真 正实现无人驾驶。 这一小步，背后是全球十年的技术博弈。德国早在2021年就通过《自动驾驶法》，明确L3系统激活期间事故责任由车企承担，并要求车辆配备"黑匣子"记录 运行数据。奔驰Drive Pilot系统随后在德国高速公路上线，成为全球首个商业化的L3产品。相比之下，中国此次准入虽起步稍晚，却一步切入责任核心，未 走"测试"老路，而是直接启动 ...

尤记得几年前，在智驾"灵魂论"的热烈讨论中，传统车企把目光纷纷转向孵化独立的第三方智驾公司， 虽然当时争议不断，但依然没有挡住车企的脚步。几年过去，"传统车企能否成功孵化独立智驾企业"的质疑 声已经被淹没在产业发展的洪流中，但今年以来这一话题又被推至舆论的旋涡中。先是零束科技回归上汽研 究院、奇瑞汽车解散大卓智能，紧接着，毫末智行全员停工的消息曝出，让这一话题彻底成为舆论的焦点。 从在争议中诞生，到如今走上末路，传统车企孵化的独立智驾企业缘何纷纷停摆？ 从独立到整合，回归母体是最终归宿 事实上，在传统车企孵化的独立智驾企业中，毫末智行并不是第一个走向终结的。早在今年上半年，大卓智 能科技就被解散了。5月7日，奇瑞决定，5月30日解散大卓智能科技（简称"大卓智能"），大卓智能首席执行 官谷俊丽出局。大卓智能这一奇瑞占股80％、谷俊丽通过上海骏名科技持股20％的智驾公司最终走到尽头。 分析称，大卓智能的失败源于技术路线的失衡、组织管理的混乱以及与母公司文化的深层碰撞。大卓智能选 择的"L2＋与L4双线并行"的技术路线，导致L4研发吸走大量算力资源，而L2＋研发进度滞后且难以看到盈利 希望的战略失误让其最终陷入困境 ...

（原标题：出口第一、新能源前三、具身智能破局，奇瑞为何能"反直觉"？） 在车市价格战与淘汰赛交织的2025年尾声，奇瑞交出了一份有些"反直觉"的成绩单。 长期以来，资本市场习惯给奇瑞贴上"老牌燃油车企"或"出海巨头"的标签，但最新的数据正在粉碎这种 刻板印象。其实早在2024年，据弗若斯特沙利文统计，奇瑞就成为全球前二十大车企中唯一一家在新能 源、燃油车、国内市场、海外市场四个维度上，均实现销量超25%增长的公司。 当大多数车企还在"保利润（燃油）"与"换未来（新能源）"之间艰难博弈时，奇瑞似乎找到了兼容二者 的密码。这究竟是如何做到的？ 燃油车+出口"现金牛"扎实地基 在新能源转型重塑全球汽车产业格局的当下，奇瑞汽车展现出了一种稀缺的战略定力。不同于部分车企 的激进转型，奇瑞选择了一条更为稳健的路径：通过深耕燃油车技术底座与前瞻性布局全球市场，构建 起稳固的"燃油车+出口"双支柱体系。这一策略不仅为公司带来了充沛的自由现金流，也让其在新能源 赛道的下半场角逐中，战略应对更加从容。 得益于二十余年的出海布局，截至2025年，奇瑞已在全球建立超过十个生产基地，海外员工规模过万。 随着2024年11月西班牙合资工 ...

Core Viewpoint - Chery Group has achieved record sales in November, showcasing strong anti-cyclical capabilities driven by the synergy of three core engines: new energy, exports, and a multi-brand matrix, forming a solid growth "iron triangle" [1][2][3] Sales Performance - In November, Chery's total sales exceeded 270,000 units, with new energy vehicles (NEVs) selling 116,794 units, a year-on-year increase of 50.1%, marking a historical high [2] - Cumulative sales of NEVs from January to November surpassed 800,000 units, with a year-on-year growth rate of 69.4% [2] - The Chery brand sold 165,500 units in November, while the Jietu brand contributed 55,100 units, indicating a stable growth pattern across multiple brands [3] Market Response - On November 27, Chery's stock price rose by 4.66%, with a total market capitalization stabilizing at 185.3 billion HKD, reflecting positive market sentiment [1][3] - Institutions like Zhongtai Securities and Dongbei Securities have issued reports with "buy" ratings, recognizing Chery's potential for simultaneous growth in volume and profit [3] Technological Advancements - Chery has established a dual moat of "technological barriers + ecological synergy," with innovations such as the new generation Kunpeng Tianqing hybrid engine achieving a thermal efficiency of 48%, the highest globally [4] - The company has made significant advancements in smart technology, with the "Falcon Smart Driving" system covering scenarios from L2 to L4, enhancing competitive differentiation [4] Brand and Global Strategy - Chery's export business remains a leader in the industry, with November exports reaching 136,700 units, a year-on-year increase of 30.3%, and cumulative exports nearing 1.2 million units [6] - The company's globalization strategy has evolved from "product export" to "brand export," with initiatives to enhance brand recognition in global markets [6][7] Financial Performance - In the first three quarters of the year, Chery achieved revenue of 214.83 billion CNY and a net profit of 14.365 billion CNY, with a net profit growth rate of 28.01%, significantly outpacing revenue growth [5] - The gross profit margin has been rising for three consecutive quarters, exceeding the industry average [5] Future Outlook - As 2025 approaches, Chery's cumulative sales have surpassed 2.56 million units, with both new energy and export businesses achieving historical bests, indicating a clear path towards becoming a "global high-tech ecological group" [8] - The interaction between capital market enthusiasm and strong business performance suggests that Chery's story of simultaneous growth in volume and profit is just beginning [8]

Group 1 - The core narrative of the article revolves around the evolution of Chery's autonomous driving strategy, highlighting the rise and fall of Dazhuo Intelligent, which was initially seen as a key player in Chery's self-research ambitions [4][6] - Chery's approach to autonomous driving has shifted from "fully controllable" to "fully self-researched," with Dazhuo Intelligent representing a significant milestone in this transition [5][10] - The partnership with Bosch and WeRide has positioned Chery as a leading player in the domestic autonomous driving sector, despite the absence of Dazhuo Intelligent [5][6] Group 2 - Dazhuo Intelligent was founded with the aim of developing autonomous driving technologies, but faced challenges in establishing a viable business model and securing necessary resources [8][14] - The initial strategy of Dazhuo Intelligent included targeting both low-level integrated machine markets and L4 commercial vehicle markets, but the vast scope led to difficulties in execution [11][12] - Internal conflicts arose regarding the financial responsibilities and operational independence of Dazhuo Intelligent, leading to tensions with Chery's commercial vehicle division [16][28] Group 3 - The leadership of Dazhuo Intelligent underwent changes, with the appointment of CTO Cao Guangzhi, who brought significant technical expertise from Tesla, signaling a renewed focus on self-research [19][21] - Despite initial successes, Dazhuo Intelligent struggled with internal processes and budget constraints imposed by Chery, which hindered its ability to recruit talent and accelerate development [25][27] - The integration of Dazhuo Intelligent into Chery's broader strategy culminated in its eventual dissolution, as Chery sought to streamline its autonomous driving efforts and collaborate more closely with external suppliers [41][43] Group 4 - Chery's decision to merge Dazhuo Intelligent with its other technology divisions reflects a strategic pivot towards leveraging external partnerships while maintaining a focus on core competencies [41][44] - The launch of the "Falcon" autonomous driving system marks a new chapter for Chery, emphasizing collaboration with established suppliers like Horizon and Momenta, thereby enhancing its competitive positioning in the market [35][44] - The article concludes with a recognition of Chery's ability to adapt and evolve its autonomous driving narrative, moving from a self-research focus to a more integrated approach with external partners [44]

Group 1 - The Chengdu International Auto Show is considered a "barometer" for the automotive market, showcasing significant models from various manufacturers for the second half of the year [1] - A major highlight of this year's show is the emphasis on "intelligent driving" systems, with many manufacturers presenting their newly launched systems from the first half of the year [1][4] - The mid-range market (priced between 150,000 to 200,000 yuan) is seeing a notable increase in the adoption of advanced intelligent driving technologies, which is expected to drive consumer demand in the central and western regions of China [3][4] Group 2 - The Chengdu region is identified as one of the most active areas for automotive consumption in China, with a projected growth of 9.5% in the automotive manufacturing industry in Sichuan for 2024 [3] - The report from the China Electric Vehicle Hundred People Association indicates that the penetration rate of advanced intelligent driving features in passenger vehicles is expected to reach 20% by the end of 2025, nearly doubling from the first half of 2024 [4] - Various models in the 150,000 to 200,000 yuan price range are being highlighted for their intelligent features, such as the HUAWEI ADS4 system in the SAIC-Huawei collaboration model [4][5] Group 3 - The unique geographical and climatic challenges of the central and western regions, such as winding mountain roads and frequent fog, necessitate advanced adaptations in intelligent driving systems [7][8] - Manufacturers are focusing on localizing their intelligent driving systems to ensure compatibility with regional road conditions, utilizing a combination of different sensor technologies for improved reliability [7][8] - The Chengdu Auto Show serves as a platform for showcasing cutting-edge technologies and facilitating collaboration between academia and industry to enhance the development of intelligent driving and new energy technologies [9]

Core Insights - The Chengdu International Auto Show is considered a "barometer" for the automotive market, showcasing significant models from various manufacturers as they aim for a strong performance in the second half of the year [1] - A notable highlight of this year's show is the advancement of intelligent driving systems, with many manufacturers introducing their latest technologies [1][6] - The mid-western market, particularly in Chengdu, is expected to see increased consumer spending as intelligent driving technology becomes available in mid-range vehicles priced between 150,000 to 200,000 yuan [1][5] Group 1: Intelligent Driving Technology - Many manufacturers are launching new intelligent driving systems at the Chengdu Auto Show, including BYD's "Tian Shen Zhi Yan," Chery's "Hunting Eagle," and Geely's "Qian Li Hao Han" systems [1] - The report from the China Electric Vehicle Hundred People Association indicates that high-level intelligent driving features are moving into the mainstream price range of 100,000 to 200,000 yuan, with a projected penetration rate of 20% for passenger vehicles by the end of 2025 [6] - The SAIC Group and Huawei's collaboration on the "Shangjie H5" model, priced from 169,800 yuan, features the HUAWEI ADS 4 system, emphasizing advanced driving assistance capabilities [6][7] Group 2: Market Potential in Western China - The Chengdu and surrounding areas are recognized as one of the most active regions for automotive consumption in China, with a projected growth of 9.5% in the automotive manufacturing sector in Sichuan for 2024 [5] - The demand for private vehicles is expected to increase, with over 14.41 million private cars anticipated in the region, adding 780,000 vehicles annually [5] - The region's consumption potential is being unlocked due to urbanization and the rising need for second family vehicles, positioning it as a core area for automotive market growth over the next five years [5] Group 3: Challenges and Adaptations for Intelligent Driving - The unique road conditions in the mid-western region, such as winding mountain roads and unmarked rural roads, present challenges for intelligent driving systems [8] - To address these challenges, manufacturers are focusing on hardware adaptations, such as using longer wavelength lidar and integrating multiple sensor types to enhance reliability [8][10] - The impact of extreme weather, particularly fog, on intelligent driving systems is also a concern, prompting a focus on software algorithm upgrades to improve perception capabilities under adverse conditions [10] Group 4: Role of the Chengdu Auto Show - The Chengdu Auto Show serves as a platform for showcasing and validating cutting-edge technologies in the fields of new energy and intelligent driving [11] - The event aims to facilitate connections between academic institutions and industry needs, promoting innovation and practical applications of research [11] - The show is expected to leverage its strong communication power and consumer attraction to drive the acceleration of intelligent driving technology in the mid-western region and beyond [11]