Core Insights - The automotive market is expected to face intense competition in the first half of next year, particularly in the first quarter, due to policy rollbacks and preemptive consumer spending [1] - The company aims to shift from scale competition to a focus on brand value and operational efficiency, emphasizing value marketing rather than engaging in price wars [1] - The company’s brand positioning for Roewe is centered around "quality technology and exceptional trust," ultimately aiming for reliability [1] Group 1 - The Roewe M7 DMH has quickly become the third best-selling model in the B-class hybrid market, following BYD Qin L and Galaxy A7, with 82% of sales coming from high-end models [1] - The M7 DMH utilizes advanced technologies such as the DMH 6.0 super hybrid system and semi-solid state batteries to achieve high cost-effectiveness while controlling costs [1] - The integration of engine control within the PICU allows for precise energy management, showcasing the company's unique position in hybrid engine control [2] Group 2 - The recent OTA update for the Roewe M7 DMH has significantly increased the daily usage rate of its voice function from 60% to 90%, indicating successful integration of advanced technology [2] - The company is transitioning from a connectivity-focused approach to an AI-driven model, with the core competitive advantage of the deep thinking model being its ability to understand context and user emotions [3] - The introduction of AI in the automotive sector marks a shift towards a more intuitive user experience, with the company aiming to redefine its influence in the mainstream Chinese automotive market through technology and value recognition [3]

Core Viewpoint - The Shanghai Stock Exchange and China Securities Index Co., Ltd. announced adjustments to several indices, including the re-inclusion of SAIC Motor Corporation Limited in the SSE 50 Index, indicating a significant improvement in the company's fundamentals and recognition by the index expert committee [1]. Company Performance - SAIC Motor's core indicators such as revenue and profit margin for the first three quarters of 2025 exceeded those of the same period last year, with R&D expenses reaching 12.61 billion yuan, a year-on-year increase of 9.4% [4]. - The company has focused its investments on electric and intelligent vehicle technologies, achieving a thermal efficiency of 46.3% for its DMH hybrid engine and a low fuel consumption of 2.5 L/100 km for the Roewe M7 DMH [4]. - In the first ten months of 2025, SAIC's cumulative sales of new energy vehicles reached 1.29 million units, a year-on-year increase of 42.5%, outperforming the industry growth rate [4]. Product Strategy - The launch of popular models has significantly supported sales, with the Roewe M7 DMH achieving over threefold sales growth in October compared to the previous month [5]. - The MG4 model has maintained strong sales in both domestic and European markets, while the collaboration with Huawei on the Jiangjie H5 has resulted in rapid sales growth, with over 10,000 units delivered within 43 days of launch [5]. Market Position and Future Outlook - The re-inclusion in the SSE 50 Index is seen as a validation of SAIC's operational quality and profit expectations, which is expected to stabilize its valuation and attract long-term investment [6]. - The competitive landscape in electric and intelligent vehicle sectors remains intense, and the company's ability to maintain its recovery momentum will depend on its continued innovation and product offerings that meet consumer demands [6].

Core Insights - SAIC Roewe has officially launched the Doubao Deep Thinking Model, which is integrated into the Roewe M7 DMH, enhancing the vehicle's interactive capabilities to provide a more human-like experience [1][3]. Group 1: Product Features - The Doubao AI vehicle system has achieved 159 million monthly active users and holds a 49.2% market share as of Q3 2025, making SAIC Roewe the first automotive brand to fully integrate this model into its technology and user experience [3]. - The Doubao AI vehicle system offers three core capabilities: 1. Fuzzy semantic understanding, covering 15 scenarios and accurately recognizing inverted sentences, negations, and multi-intent commands [3]. 2. Memory continuity, allowing the system to automatically relate context in ongoing conversations and understand complex user needs [3]. 3. Complex vehicle control, supporting over 300 vehicle control functions that can be activated with a single command [3]. Group 2: User Engagement and Performance - Following the OTA full push of the Doubao Deep Thinking Model on November 17, the daily usage rate of the voice function in the Roewe M7 DMH increased significantly from 60% to 90% [5]. - The Roewe M7 DMH is positioned as a mid-to-large luxury hybrid sedan, featuring the DMH 6.0 hybrid system, with a pure electric range of 160 kilometers and a comprehensive range of 2050 kilometers [5]. - The vehicle is equipped with comfort-enhancing features such as mousse pressure-relief seats and mCDC intelligent dynamic suspension [5]. Group 3: Service Expansion - By the end of 2025, SAIC Roewe plans to add 238 new service outlets, bringing the total to over 600, aimed at providing users with more convenient and comprehensive service experiences [5].

Core Insights - The article highlights the transformation of the Chinese automotive market towards electrification and intelligence, with SAIC Motor Corporation leading the way through innovation and a user-centric approach [1] Group 1: Market and Financial Performance - SAIC Motor achieved a remarkable "sales + profit" growth during the industry adjustment period, with total vehicle sales reaching 3.647 million units from January to October 2025, a year-on-year increase of 19.5% [2] - The company's self-owned brands have become the main growth engine, with sales of 2.35 million units, up 28.3%, accounting for 64.4% of total sales, an increase of 4.4 percentage points year-on-year [2] - The new energy vehicle (NEV) segment saw sales of 1.29 million units, a 42.5% increase, significantly outpacing the industry average [3] - SAIC's overseas sales reached 862,000 units, a 2.2% increase, demonstrating the competitiveness of Chinese automotive brands globally [3] - In Q3 2025, SAIC reported total revenue of 169.4 billion yuan, a 16.2% increase, and a net profit of 2.08 billion yuan, up 644.9% [5][6] Group 2: Technological Innovation - SAIC has invested over 150 billion yuan in electrification and intelligence, resulting in nearly 26,000 effective patents and the establishment of seven major technology platforms [7] - The company has achieved significant advancements in smart driving and intelligent cockpit technologies, becoming the only enterprise with dual licenses for L4-level commercial operation in both passenger and commercial vehicles [8] - Innovations in safety and control systems include the industry's first integrated smart safety system and a second-generation digital chassis [8] - The DMH hybrid engine has achieved a thermal efficiency of 46.3%, and the latest "Star Super Range Extender" technology offers a pure electric range of 450 km [9] Group 3: User-Centric Approach - SAIC's reform is driven by user needs, with a focus on diverse products and services tailored to different customer segments [10] - The company has successfully launched models like the Zhiji LS9 and Wuling Rongguang EV, which cater to family and entrepreneurial users, respectively [10][11] - The user-centric philosophy has resulted in strong market feedback, with significant pre-order numbers for new models, indicating trust in SAIC's products and services [11]

Core Insights - The Chinese automotive market is at a critical juncture of electrification and intelligence, with SAIC Motor Corporation leading the transition from scale competition to value competition [1] - SAIC Motor has demonstrated significant growth in both sales and profits, indicating the effectiveness of its reform initiatives [2][7] Market and Financial Performance - In the first ten months of 2025, SAIC Motor sold 3.647 million vehicles, a year-on-year increase of 19.5%, with retail sales reaching 3.834 million units [2] - The company's self-owned brands have become the main growth engine, with sales of 2.35 million units, up 28.3%, accounting for 64.4% of total sales [3] - SAIC's new energy vehicle sales reached 1.29 million units, a 42.5% increase, significantly outpacing the industry average [3] - Overseas sales also grew, with 862,000 units sold, marking a 2.2% increase [4] - For Q3 2025, total revenue was 169.4 billion yuan, up 16.2%, and net profit attributable to shareholders was 2.08 billion yuan, a staggering increase of 644.9% [7] Technological Innovation - SAIC has invested over 150 billion yuan in electrification and intelligence, resulting in nearly 26,000 effective patents and the establishment of seven major technology platforms [8] - The company has achieved significant advancements in smart driving and smart cockpit technologies, becoming the only company to hold dual licenses for L4-level commercial operation in both passenger and commercial vehicles [8][10] - The introduction of a new integrated lightweight intelligent chassis and a hybrid engine with a thermal efficiency of 46.3% demonstrates SAIC's commitment to innovation [10] User-Centric Approach - The "Understanding Cars Better" philosophy is deeply integrated into product development and service, focusing on diverse user needs [12][16] - Products like the Zhiji LS9 and Wuling Rongguang EV are tailored to meet specific user demands, enhancing comfort and utility [14] - The company has also upgraded its service offerings, providing lifetime warranties for key systems and transforming from a sales-focused approach to a user partnership model [15][16] Conclusion - SAIC Motor's continuous self-innovation and reform have led to synchronized growth in sales, profits, and brand value, setting a benchmark for high-quality development in the Chinese automotive industry [18]

Core Insights - The competition in the smart car industry is shifting from hardware capabilities to the sophistication of AI models, with the "Doubao" model leading in adoption among new mass-produced vehicles set to launch in 2025 [2][3][9] - The integration of large models into vehicles is moving from a novelty to a necessity, with companies focusing on the usability and effectiveness of these AI systems rather than just their presence [3][9] Industry Trends - The 2023 Guangzhou Auto Show highlighted a significant increase in the deployment of AI models in vehicles, with the "Doubao" model being integrated into a wide range of cars from luxury brands like Mercedes and Audi to mainstream models from Roewe and Changan Mazda [2][3][5] - The shift in power dynamics within the automotive industry is evident, as companies now prioritize the robustness of their AI model foundations and the real-world data they can leverage over traditional hardware specifications [3][7] Product Innovations - The "Doubao" model enhances user interaction in vehicles, exemplified by its implementation in the Mercedes-Benz EQ CLA, which improves interaction efficiency by 50% and can recognize four emotional states [5][6] - Other models, such as the Roewe M7 DMH, utilize the "Doubao" model for complex command execution, demonstrating the ability to understand nuanced language and perform multiple actions in response to a single command [6][7] Strategic Partnerships - Fire Mountain Engine has expanded its partnerships with major automotive brands, including Mercedes, BMW, and Volkswagen, integrating its AI capabilities into various aspects of vehicle operation and customer engagement [7][8] - The collaboration with Mercedes illustrates a comprehensive approach, extending beyond in-car systems to include digital marketing and customer lifecycle management [7][8] Future Outlook - The competitive landscape for AI in vehicles is still evolving, with the true measure of success lying in the ability to deeply integrate AI models into practical use cases and continuously iterate based on real-world data [9][10] - The challenge for Fire Mountain Engine will be to maintain its leading position while allowing automotive companies to retain brand identity and control over their technology [10]

此外值得关注的是，荣威不仅致力于打造"国民车"，更在积极构建"国民级"服务网络。今年，荣威全力 拓展服务网络，新增渠道238家，预计年底突破600家，旨在为用户带来更便捷、更周全的服务体验。 （中国经济网记者 郭跃） 具体来看，豆包AI车机衍生出三大核心能力。第一，模糊语义理解能力，不仅实现了15大场景覆盖， 还能精准识别倒装句、否定句以及多意图指令。第二，记忆贯穿能力，能够在连续对话中自动关联上下 文，深入理解用户复合需求。第三，复杂车控能力，依托行业最多的车控端口接入，豆包AI车机支持 300+项车控能力，用户只需一句话，即可联动座舱内多项功能协同运行。 数据显示，随着豆包深度思考大模型于11月17日通过OTA全量推送，荣威M7 DMH语音功能的单日使用 率已从60%大幅提升至90%。举例来看，荣威M7 DMH可精准覆盖各大年龄段孩子的需求。系统不仅能 实现与孩子的超长连续互动，还能一句话读懂家长意图，自动完成一系列育儿操作。更借助豆包深度思 考大模型的"最强大脑"， 化身"移动兴趣班"，可根据孩子年龄实时调整教学内容，巧妙安抚孩子情 绪，为全家创造安心舒适的出行环境。 智能化水平全面提升之外，荣威M7 ...

Core Insights - The 23rd Guangzhou International Auto Show opened on November 21, showcasing SAIC Roewe's global debut of the Doubao Deep Thinking Model and the Roewe M7 DMH luxury sedan [1] - The Doubao AI in-car system, developed in collaboration with the Doubao team, features capabilities for reasoning, thinking, and emotional perception, moving beyond simple command-response to intention-driven interactions [1] - The Doubao Deep Thinking Model achieved 159 million monthly active users by Q3 2025, capturing a market share of 49.2% [1] - The Roewe M7 DMH leverages the Doubao in-car system to enable fuzzy semantic understanding, memory continuity, and complex vehicle control capabilities [1]

Core Insights - The 23rd Guangzhou International Auto Show commenced on November 21, showcasing SAIC Roewe's global debut of the Doubao Deep Thinking Model and the Roewe M7 DMH luxury sedan equipped with Doubao AI [1][2] Group 1: Product Launch - SAIC Roewe unveiled the Doubao AI in-car system, developed in collaboration with the Doubao team, which features reasoning, emotional perception, and intent-driven capabilities [2][3] - The Roewe M7 DMH luxury sedan is designed to utilize the Doubao AI system for advanced functionalities, including fuzzy semantic understanding, memory continuity, and complex vehicle control [4] Group 2: Market Performance - The Doubao Deep Thinking Model achieved 159 million monthly active users by Q3 2025, capturing a market share of 49.2% [4]

Core Insights - The 23rd Guangzhou International Auto Show opened on November 21, showcasing SAIC Roewe's global debut of the Doubao Deep Thinking Model and its application scenarios, alongside the Roewe M7 DMH luxury sedan equipped with this system, highlighting significant advancements in AI interaction capabilities in the automotive sector [1] Group 1: AI Technology and User Experience - The Doubao AI vehicle system features capabilities such as reasoning, emotional understanding, and a shift from traditional command-response to intention-driven interactions, marking a breakthrough in AI cognitive and emotional interaction technology in the automotive field [1] - The Doubao Deep Thinking Model is projected to have 159 million monthly active users and a 49.2% market share by Q3 2025, making it the leading AI model in China, with SAIC Roewe being the first automotive brand to fully integrate this model from the technical foundation to user interaction [4] - The AI system includes three core capabilities: fuzzy semantic understanding covering 15 scenarios, memory continuity for context-aware conversations, and complex vehicle control supporting over 300 functions, allowing users to operate multiple features with a single command [4] Group 2: Enhanced User Engagement and Practical Applications - Following the OTA update on November 17, the voice function usage rate of the Roewe M7 DMH increased from 60% to 90%, demonstrating significant user engagement improvements [6] - The system has developed four high-frequency travel scenarios, with features like "High-Level Child Interaction" and "Warm Travel Guardian" gaining popularity, showcasing the practical value of the intelligent system in family travel and vehicle safety [6] - In the "High-Level Child Interaction" scenario, the system can engage in long-term interactions with children, adjusting content based on age, while the "Warm Travel Guardian" mode utilizes extensive automotive knowledge and real-time data to respond to user inquiries about vehicle status [6] Group 3: Product Performance and Market Positioning - The Roewe M7 DMH, a key model for the brand, is equipped with the DMH 6.0 super hybrid system, offering a pure electric range of 160 kilometers and a comprehensive range of 2050 kilometers, showcasing advanced technology [8] - The vehicle features unique comfort configurations, including the mCDC intelligent dynamic suspension and pressure-relief seats, enhancing the driving experience [8] - Recent results from the "True 2L Ultra-Low Fuel Consumption Challenge" indicated that over half of the participants managed to keep fuel consumption below 2 liters per 100 kilometers, validating the M7's energy efficiency [8] Group 4: Service and Market Expansion - In addition to product strength, SAIC Roewe has expanded its service network by adding 238 new channels this year, with expectations to exceed 600 service points by year-end, enhancing the user purchase experience [9] - The Guangzhou Auto Show will continue until November 30, providing a platform for showcasing the latest advancements in smart connectivity and new energy, serving as an important observation window for industry technology evolution and market consumption upgrades [9]