摘要： 174公里智驾大环线：通行效率与安全性的双重考验 今年初，凤凰车研所曾体验过搭载在仰望U8上的天神之眼A，和腾势Z9GT上的天神之眼B早期版本。历经十个月迭 代，比亚迪（002594）天神之眼辅助驾驶系统进化至何种程度？其年中发布的"泊车兜底"政策底气何来？ 为解答这些问题，凤凰车研所在2025年年底，对搭载天神之眼B的腾势N8L展开了一场硬核测试，涵盖174公里智驾大 环线和100次智能泊车挑战，以严谨态度评估其成熟度。 174公里智驾大环线：通行效率与安全性的双重考验 本次测试路线全长174公里，从郑州市金水区出发，途经中牟县、开封市区及村镇区域，最终返回郑州。全程囊括高 速、高架、国道、省道和乡道，并包含三个环岛、一次掉头等复杂场景。测试中，车辆全程保持辅助驾驶开启，以记 录系统表现和介入情况。 复杂场景下的决策效率提升。三个环岛全部成功汇入且流畅驶出，博弈过程无犹豫。在施工路段，车辆准确识别主路 封闭，自主选择右侧绕行路径；同时，于左转上坡且具盲区的丁字路口成功通过，成为该测试路线中极少数自主通过 的车型。 三：通行效率实现突破 综合预判与路径规划能力，天神之眼B将174公里行程缩短至4小时， ...

Core Insights - 2025 is identified as a pivotal year for automotive intelligence, initiating a three-year cycle that will elevate domestic electrification penetration rates to over 50%-80%, leading to a restructuring of the automotive landscape [4][11] - Leading intelligent driving manufacturers have successfully implemented complex urban scenarios such as roundabouts and U-turns, enhancing high-level functionalities like parking from space to space and scene understanding, thereby improving the driving experience for passengers and safety personnel [4][11] Group 1: Intelligent Driving Experience Evaluation - A comprehensive evaluation was conducted on seven intelligent driving manufacturers, including AITO, Blue Mountain, Xiaopeng, Ideal, Tengshi, Xiaomi, and NIO, using both large sample concentrated road tests and small sample in-depth road tests, focusing on scene realization, takeover frequency, and comfort [5][11] - The report does not rank the intelligent capabilities of specific manufacturers due to subjective factors and real-world conditions affecting the evaluation [5][11] Group 2: Performance Trends - Compared to Q1, the performance gap among manufacturers in Q4 is narrowing, with the second-tier manufacturers improving their capabilities in urban scenarios like roundabouts and U-turns, and showing a significant reduction in takeover frequency [7][11] - The first-tier manufacturers are currently undergoing a foundational architecture transition, with tangible results expected to be validated through iterative improvements [7][11] Group 3: Specific Manufacturer Insights - In Shenzhen, the intelligent driving systems must handle complex scenarios such as roadside parking and narrow road navigation, with proactive understanding being more suitable [6][11] - Huawei and Xiaopeng lead in overall takeover frequency and performance across various scenarios, particularly excelling in challenging situations [6][11] - Wei brand Blue Mountain demonstrated strong capabilities in handling complex scenarios during large sample concentrated road tests [6][11] Group 4: Road Test Methodology - The concentrated road test involved nearly 50 participants testing various models along a standardized route, while the small sample in-depth tests were conducted by the same evaluators under similar conditions to ensure consistency [12][15] - The concentrated road test aimed to assess the overall performance, reliability, and efficiency of the intelligent driving systems under real-world conditions [41][12] Group 5: Technical Developments - The report highlights advancements in intelligent driving technologies, including the latest iterations of systems from manufacturers like Huawei, Xiaopeng, and NIO, showcasing improvements in perception and decision-making capabilities [19][20][27] - Each manufacturer has adopted different hardware and software solutions, with most having developed their own intelligent driving chips [36][36]

今年8月长城汽车位于巴西圣保罗州伊拉塞马波利斯市的工厂竣工投产，10月比亚迪第1400万辆新能源 车在巴西工厂下线……巴西总统卢拉见证了上述中国汽车在巴西市场的高光时刻，这同时也印证了中国 车企长期深耕的决心和信心。当前，中国车企正通过多元化布局在这片充满活力的市场上深耕细作， 让"中国智造"的汽车名片在南美大陆绽放光彩。 中企密集重仓 掀起投资热潮 当地时间11月26日，雷诺吉利巴西公司（Renault Geely do Brasil）总裁蒙特内格罗在圣保罗国际车展期 间接受采访时表示，该公司计划将巴西的产量提高1倍。 通过联手雷诺，吉利近来在巴西市场动作频频。11月3日，吉利与雷诺集团正式签署巴西战略合作最终 协议。双方将深化战略合作，通过雷诺巴西公司生产及销售吉利和雷诺的新能源车型。11月19日，在巴 西埃尔顿·塞纳工业园区里，吉利与雷诺集团宣布，成立雷诺吉利巴西公司，并举行战略合作启动仪 式。合资公司将投资38亿雷亚尔（1巴西雷亚尔约合人民币1.3272元），推动新能源技术平台及车型在 当地落地。 在近日举行的拉丁美洲规模最大汽车展览会——巴西圣保罗国际车展上，中国力量闪耀全场：广汽 国际携全系车型首 ...

Group 1 - The core point of the article is that the Tengshi brand has officially entered the Brazilian market, marking a significant step in its internationalization strategy [2][3] - Tengshi showcased its flagship models Z9GT and D9 at the 31st São Paulo International Motor Show, indicating its commitment to expanding in the Latin American market [2] - The pre-sale prices for the two models were announced: Z9GT at 650,000 Brazilian Reais (approximately 855,000 RMB) and D9 at 800,000 Brazilian Reais (approximately 1,050,000 RMB) [2] Group 2 - The entry into Brazil follows Tengshi's expansion into several Asian countries and its recent entry into the European market in April [3] - The first showroom in Brazil will be located on Avenida Europa, known as the "luxury car center" in São Paulo [2]

Domestic News - The manufacturing PMI for November is reported at 49.2%, showing a slight improvement of 0.2 percentage points from the previous month, although still below the critical point [2] - A seminar on the standardization of power battery recycling was held in Ningde, emphasizing the importance of establishing a standardized system to support the high-quality development of the new energy industry [3] - Li Auto has entered the Russian market, announcing the official prices for its L6, L7, and L9 series models, with starting prices ranging from approximately 62.6 million to 86.2 million RMB [4] - Xiaomi Auto opened 17 new stores in November, bringing the total to 441 stores across 131 cities, with plans to add 36 more stores in December [5] - The Tengshi brand announced its entry into the Brazilian market, showcasing two flagship models at the São Paulo International Motor Show, with pre-sale prices reaching up to 1 million Brazilian Reais [7] - Leidao's battery swap service has expanded to over 2,250 battery swap stations, enhancing user experience and competitiveness in the new energy vehicle market [8] - Leap Motor's new energy battery cell base in Wuyi has officially commenced construction, aiming for production by Q3 2026 [9] - Wuhu signed cooperation agreements with CATL to support the development of Chery into a world-class enterprise [10] International News - German Chancellor calls for the EU to allow the continued sale of fuel vehicles after 2035, emphasizing the need for a balance between competitiveness and climate protection [11][12] - Japan plans to invest an additional 20 billion USD in AI and semiconductor sectors, with a focus on securing future funding in regular budgets [13] - Hyundai and Kia announced a 1.2 trillion KRW investment to build a dedicated battery research facility, reinforcing their commitment to battery development for future mobility [14] - Toyota Europe will launch smart charging services for electric and plug-in hybrid vehicles in collaboration with energy suppliers across several European countries [15] Commercial Vehicles - China National Heavy Duty Truck Group upgraded its procurement agreement with Weichai, with a new upper limit of 21 billion RMB for 2026, reflecting a 29% increase from previous years [18] - Dongfeng Cummins Z13 engine won the "2025 Annual Recommended Fuel-Efficient Heavy Truck Power" award at a recent commercial vehicle event [19] - Ankai Bus showcased its pure electric buses at the 2025 Hainan Road Transport Annual Conference, highlighting their advanced technology and performance [20] - FAW Jiefang's Sichuan branch celebrated the production of its 20,000th vehicle of the year, marking significant improvements in production efficiency since its establishment [21]

Core Insights - The 31st São Paulo International Motor Show has highlighted Chinese automotive brands, particularly the luxury electric vehicle brand, Tengshi, which officially announced its entry into the Brazilian market [1][3] - Brazil, as the largest automotive market in Latin America and the sixth largest globally, is experiencing significant growth in the electric vehicle sector, with a reported 219.2% year-on-year increase in pure electric vehicle sales for 2024 [3][5] Company Strategy - Tengshi has introduced two flagship models in Brazil: the Tengshi Z9GT and the Tengshi D9, with pre-sale prices reaching 650,000 Brazilian Reais (approximately 855,000 RMB) and 800,000 Brazilian Reais (approximately 1,050,000 RMB) respectively [5][7] - The brand's first showroom is located on Avenida Europa in São Paulo, a renowned luxury automotive center, indicating Tengshi's confidence in competing with established international luxury brands [5][8] Technological Advancements - The Tengshi Z9GT features advanced technologies such as independent drive technology, dual-motor independent steering, and integrated battery chassis technology, aiming to redefine the luxury automotive market in Brazil [7][8] - The Tengshi D9 is equipped with a cloud-based intelligent body control system and advanced driver assistance systems, boasting a comprehensive range of 1,100 km for its hybrid version [7][12] Market Positioning - Tengshi's entry into Brazil is part of a broader strategy to establish a presence across three continents, marking it as the first Chinese luxury brand to achieve such a global footprint [10][12] - The brand has already seen success in other international markets, including Thailand, Indonesia, and Malaysia, where it has topped luxury MPV sales charts and received multiple international awards [12]

Group 1 - The Guangzhou Auto Show showcased Tengshi Automobile's full range of models, including Tengshi N8L, D9, N9, Z9, and Z9GT, highlighting the brand's advancements in safety and control technologies in the electric vehicle sector [1] - The newly launched six-seat model Tengshi N8L features multiple safety configurations, including a body made of 2000MPa hot-formed steel, capable of withstanding the pressure of a 25-ton truck rollover [3] - The Tengshi D9, a popular MPV model, is approaching a delivery milestone of 300,000 units and has maintained the top sales position in the Chinese new energy MPV market for two consecutive years [5] Group 2 - The Tengshi D9 DM-i Super Hybrid version boasts a comprehensive range of 1100 km and a fuel consumption of 5.85L per 100 km, while the pure electric version offers a range of 620 km [7] - The Tengshi N9, associated with celebrity Gao Yuanyuan, includes advanced features such as intelligent anti-motion sickness systems and parking assistance [7] - The Tengshi Z9GT, which participated in the "Village GT" pre-exhibition in Guizhou and gained attention at the Goodwood Festival of Speed in the UK, emphasizes its control performance with advanced technologies [9]

Group 1 - BYD showcased its brands at the Guangzhou Auto Show, including the Dynasty and Ocean series, along with its technology exhibits such as the "God Eye" and "Megawatt Flash Charge" [1][3] - The Han L and Tang L models feature the Super e-platform with "Megawatt Flash Charge" technology, addressing electric vehicle charging anxiety, and come with new driving assistance features and upgraded safety configurations [3] - The Han L EV and DM models are priced between 204,800 to 264,800 CNY and 194,800 to 244,800 CNY respectively, while the Tang L EV and DM models are priced between 224,800 to 274,800 CNY and 214,800 to 270,800 CNY respectively, with a maximum purchase incentive of 52,000 CNY [3] Group 2 - Yangwang showcased its limited edition supercar U9 Xtreme and the luxury SUV U8L, highlighting its achievements in speed and lap records [5] - The Yangwang U7 introduced a new color option and a brand philosophy of "Free Control," while the U8L has been well-received in the market [5] Group 3 - Tengshi presented its family of models, including the N8L, D9, N9, and Z9, emphasizing its advancements in safety, control, and smart technology [7][8] - The Tengshi D9 is approaching a milestone of 300,000 deliveries and has been the best-selling model in the Chinese new energy MPV market from January to October 2025 [7] - The N9 and N8L are positioned as flagship SUVs with advanced driving assistance features, while the Z9GT and Z9 are highlighted as luxury sports models [8] Group 4 - Equation Leopard introduced four models under the Leopard Titanium series, with the Titanium 7 becoming a popular model, achieving sales of 20,024 units in its first full month [10] - The Titanium 7's high-end Ultra version accounts for over 85% of its sales, and the company is working to increase production capacity for faster deliveries [10]

Core Insights - The Guangzhou International Auto Show showcased Tengshi Automobile's latest models, including the Tengshi N8L, D9, N9, and Z9, highlighting advancements in smart and electric vehicle technology [1][2][3] Group 1: Product Highlights - The Tengshi N8L is positioned as a luxury family vehicle, featuring a robust safety design with 2000MPa hot-formed steel and advanced hybrid technology, capable of withstanding significant impacts [1] - The N8L boasts impressive performance metrics, achieving 0-100 km/h in just 3.9 seconds, and incorporates advanced steering and braking technologies [2] - The Tengshi D9 has achieved significant market success, with 300,000 units expected to be delivered, and has been recognized as the top-selling MPV in China for two consecutive years [2][3] Group 2: Technological Innovations - The D9 DM-i Super Hybrid version offers a comprehensive range of 1100 km and a fuel consumption of only 5.85L per 100 km, showcasing the efficiency of its fifth-generation DM technology [3] - The Tengshi N9 is equipped with cutting-edge features such as the "Yisanfang" system and advanced driver assistance technologies, setting a new standard for large flagship SUVs [3] - The Z9 series combines luxury and technology, featuring AI smart cockpits and advanced driving experiences, appealing to younger audiences [3] Group 3: Global Expansion - Tengshi Automobile is accelerating its global presence, recently entering the Brazilian market after success in Europe, marking a significant step in its high-end international strategy [4]

Core Insights - During the 2025 Guangzhou Auto Show, Tengshi Automobile showcased its entire family of models, including the Tengshi N8L, D9, N9, and Z9 flagship vehicles [2] - The Tengshi D9 is approaching 300,000 deliveries, featuring a dual-tone "Purple Qi Lingyun" body and over 200 configurations, including advanced comfort and audio systems [3] - The Tengshi N8L made its international debut, equipped with a hybrid powertrain and advanced safety features, achieving a 0-100 km/h acceleration in 3.9 seconds [2][3] Group 1 - Tengshi N8L features a hybrid powertrain with a 2.0T engine and three motors, achieving a 0-100 km/h acceleration in 3.9 seconds [2] - The vehicle incorporates advanced safety technologies, including AEB automatic emergency braking and various driving modes for different weather conditions [2] - The D9 model offers a comprehensive range with a hybrid version achieving a combined range of 1,100 km and a fuel consumption of 5.85 L per 100 km [3] Group 2 - The 2026 Tengshi N9 will come standard with advanced driving assistance systems and a high-efficiency hybrid engine [3] - The Z9GT and Z9 models are equipped with AI smart cockpit technology and advanced driving assistance features [3] - Tengshi also presented a special edition Z9GT vehicle themed after the game "Black Myth: Wukong" at the auto show [3]