9月7日， 重庆，观众在长安汽车生态馆参观。中新社记者 何蓬磊 摄 9月7日， 重庆，观众在赛力斯生态馆参观。中新社记者 何蓬磊 摄 9月7日， 9月7日， 重庆，一位小朋友在长安汽车生态馆体验飞行汽车。中新社记者 何蓬磊 摄 重庆，参观者在长安汽车生态馆的阿维塔12车内体验鸿蒙座舱。中新社记者 何蓬磊 摄 9 重庆，赛力斯生态馆展出的漆面缺陷自动检测系统吸引参观者。中新社记者 何蓬磊 摄 9月7日，重庆，赛力斯魔方技术平台亮相智博会吸引参观者。2025世界智能产业博览会9月5日至8日在 重庆举行。本次博览会聚焦"人工智能+"和"智能网联新能源汽车"主题。展览现场，多款智能网联新能 源汽车及架构平台、智能座舱、智能驾驶解决方案等集中展出，呈现前沿科技与产业发展新成果，吸引 众多参观者。中新社记者 何蓬磊 摄 9月7日， 重庆，宁德时代钠新电池亮相智博会吸引参观者。中新社记者 何蓬磊 摄 月 7日， ...

《科创板日报》记者在现场看到，杭州六小龙中的宇树科技、云深处、强脑科技、群核科技均参加了此次智博会。 宇树科技展示机器人拳击擂台 《科创板日报》9月5日讯（记者 黄心怡）2025世界智能产业博览会(以下简称"智博会")在重庆启幕。 今年智博会以人工智能为主线，聚焦"人工智能+"和"智能网联新能源汽车"，签约一批具有引领性、示范性的强链补链延链重大项目。 会议期间，签约投资项目合同金额超2000亿元，场内集中签约投资项目合同金额超1200亿元。代表性项目包括万丰奥特西部低空经济基地项目、吉利科技产 业智造项目、华清半导体材料生产及封装项目等。 大会设置智能网联新能源汽车、数字城市、智能机器人、低空经济、智能家居五大板块。550余家国内外企业集中展示"3000+创新产品"，展览面积超10万平 方米。 云深处 强脑科技 群核科技 智元机器人、乐聚机器人、星动纪元、地瓜机器人等也都一一亮相。 智元机器人 s l 构建1(本体) +3 (交互/作业/运动智能) 三位一体能力 交互智能 环境文章 Jeters Jegas ( 大 1世纪国人 1 退动智能 任务执行 在线播放版 注册送彩金 高雄古运动 小窟 n 以智 第 ...

9月5日，2025世界智能产业博览会在重庆盛大开幕。赛力斯集团首次以企业展馆形式亮相，展馆面积超过1万平方米，设立整车业务、动力业务、智能制造、赛力斯产业链伙伴等七大展区，系统 据悉，赛力斯集团展馆是本届智博会规模最大的企业展馆之一，展出内容包括问界等新能源汽车产品及赛力斯魔方技术平台、超级增程、智能安全等众多前沿技术。此外，赛力斯还首次携手19家 整车品牌齐亮相 展示新能源高端化探索成果 此次大会赛力斯展出了包括问界在内的众多新能源汽车产品，覆盖旗下乘用车和商用车品牌。 问界全系产品参展亮相。新款问界M7在现场吸引大量观众驻足体验，据悉问界新M7于9月5日开启预定，将于9月23日正式上市。问界秉持"智慧重塑豪华"的品牌理念，持续刷新豪华汽车品牌中 此外，赛力斯旗下蓝电汽车也携多款重磅车型亮相。蓝电E5 PLUS系列产品定位通过构建亲民价格，以165公里超长纯电续航、大五座享七座等价值锚点，不断增强在提升细分市场的综合竞争力 多项自主创新技术展出 演绎新质生产力发展实践 作为增程技术开拓者与领导者，全新一代赛力斯超级增程系统基于"赛翼增程架构"与"RoboREX智能控制技术"，使增程系统从基于规则的被动工作模 ...

9月5日，2025世界智能产业博览会在重庆盛大开幕。赛力斯（601127）集团首次以企业展馆形式亮相，设立整车业务、动力业务、智能制造、赛力斯产业链 伙伴等七大展区，系统呈现赛力斯在整车智能化、技术智能化和制造智能化三大领域的创新实践。 赛力斯创新自研的魔方技术平台是全球首个全栈式多动力兼容平台，该平台率先实现超增、纯电、超混三种新能源动力形式的兼容。平台采用SOA服务化架 构，为用户提供"越开越新鲜，越开越聪明"的智能体验，真正实现了新能源汽车智能化和电动化融合发展。 作为增程技术开拓者与领导者，全新一代赛力斯超级增程系统基于"赛翼增程架构"与"RoboREX智能控制技术"，使增程系统从基于规则的被动工作模式，转 变为基于智能控制方法的主动工作模式，开创了能源动力系统直接触达用户的先河，热效率达到44.8%，一升油可发电3.65度，居于行业领先地位。 赛力斯智能安全，首创以场景定义安全，覆盖190余项安全场景，构建包括生命保护、车身防护、健康呵护、隐私守护四大维度340余项安全功能，为用户提 供全生命周期的安全保障，真正践行"安全是最大的豪华"。 在制造智能化方面，赛力斯系统展示了"汽车产业大脑"生态下全球 ...

Core Insights - The 2025 World Intelligent Industry Expo opened in Chongqing, showcasing the Seres Group's first corporate exhibition with over 10,000 square meters, featuring seven major exhibition areas focused on vehicle intelligence, technology intelligence, and manufacturing intelligence [1][3] Group 1: Product Showcase - Seres Group's exhibition is one of the largest at the expo, displaying various new energy vehicle products, including the AITO brand and advanced technologies like the Magic Cube technology platform and Super Range Extender [3][4] - The new AITO M7 model attracted significant attention, with pre-orders starting on September 5 and an official launch scheduled for September 23. The AITO brand has set records in the luxury car market in China, with cumulative deliveries of over 220,000 units for the M9 and over 70,000 units for the M8 [4][6] Group 2: Technological Innovations - Seres showcased several industry-leading technologies, including the Magic Cube technology platform, which is the world's first full-stack multi-power compatible platform, supporting super range, pure electric, and super hybrid power forms [7] - The Seres Intelligent Safety system defines safety through scenarios, covering over 190 safety scenarios and providing more than 340 safety functions across four dimensions [9] Group 3: Manufacturing Intelligence - The company demonstrated advanced manufacturing technologies under the "Automotive Industry Brain" ecosystem, featuring a smart factory with over 3,000 robots and 100% automation in key processes [10][12] - The integration of AI and 5G technologies aims to enhance collaboration across government, society, industry, and enterprises, fostering innovation and efficiency in the automotive supply chain [10] Group 4: Supply Chain Collaboration - Nineteen industry chain partners participated in the exhibition, showcasing collaborative innovations in various fields such as intelligent range extension, smart cockpit, and lightweight body design [13] - Seres is actively promoting product integration and local supply chain collaboration, having reduced its primary suppliers from 300 to 100, with 20 being world-class suppliers [15]

9月5日，2025世界智能产业博览会在重庆盛大开幕。赛力斯集团首次以企业展馆形式亮相，展馆面积超 过1万平方米，设立整车业务、动力业务、智能制造、赛力斯产业链伙伴等七大展区，系统呈现赛力斯 在整车智能化、技术智能化和制造智能化三大领域的创新实践。 据悉，赛力斯集团展馆是本届智博会规模最大的企业展馆之一，展出内容包括问界等新能源汽车产品及 赛力斯魔方技术平台、超级增程、智能安全等众多前沿技术。此外，赛力斯还首次携手19家产业链生态 伙伴共同参展，全方位展示在智能网联新能源汽车产业链协同成果。 技术智能化层面，赛力斯集中展示了多项行业领先的技术成果，显示出其在发展新质生产力方面的巨大 内生动力。 赛力斯创新自研的魔方技术平台是全球首个全栈式多动力兼容平台，该平台率先实现超增、纯电、超混 三种新能源动力形式的兼容。平台采用SOA服务化架构，为用户提供"越开越新鲜，越开越聪明"的智能 体验，真正实现了新能源汽车智能化和电动化融合发展。 赛力斯智能安全，首创以场景定义安全，覆盖190余项安全场景，构建包括生命保护、车身防护、健康 呵护、隐私守护四大维度340余项安全功能，为用户提供全生命周期的安全保障，真正践行"安全是 ...

Core Insights - The rise of Seres in the Chinese automotive industry exemplifies a successful transformation from a traditional manufacturing enterprise to a modern player in the electric vehicle market [1][2] - Seres has demonstrated strategic foresight by investing heavily in technology and innovation, even amidst financial losses, leading to significant growth in revenue and market presence [2][3] Company Development - Founded in 1986, Seres began as a small spring manufacturer and transitioned into the automotive sector in 2003 through a partnership with Dongfeng Group [1] - The company's major transformation occurred in 2016 when it entered the new energy vehicle market and partnered with Huawei, culminating in the launch of the AITO M5 SUV in 2021 [1][2] Financial Performance - Seres' revenue surged from 14.30 billion yuan in 2020 to 145.18 billion yuan in 2024, with a compound annual growth rate of 78.49% [2][16] - The company turned a net loss of 1.73 billion yuan in 2020 into a profit of 5.95 billion yuan in 2024, showcasing its resilience during market fluctuations [16] Technological Innovation - Seres has adopted a dual technology strategy of range-extended and pure electric vehicles, becoming a pioneer in range-extended technology since 2016 [4] - The introduction of the Seres Super Range Extender System in 2024 achieved a thermal efficiency of 44.8% and a fuel consumption reduction of 15% [4] Manufacturing Excellence - Seres operates three state-of-the-art smart factories in Chongqing, recognized as benchmarks for intelligent manufacturing in the automotive industry [9][10] - The factories utilize over 5,000 robots and achieve 100% automation in key processes, significantly improving production efficiency and quality [11] Strategic Partnerships - The collaboration with Huawei has redefined traditional automotive partnerships, integrating technology and manufacturing to create a comprehensive solution for smart vehicles [12] - This partnership has led to rapid product development, with the AITO M5 achieving over 10,000 sales in just 87 days, setting industry records [13] Market Impact - The AITO series has disrupted the high-end electric vehicle market, with cumulative deliveries exceeding 750,000 units by August 2025 [3][16] - The AITO M9 has become the best-selling luxury vehicle in its category, with a single vehicle price exceeding 500,000 yuan, surpassing traditional luxury brands in customer satisfaction [16] Industry Influence - Seres' approach has contributed to the mainstream adoption of range-extended technology, increasing its market penetration from less than 2% in 2020 to 18% in 2024 [19] - The company's model serves as a reference for traditional automakers seeking to transition into the electric vehicle space, emphasizing the importance of technology ownership and ecosystem collaboration [18][24]

Core Viewpoint - Company Saisir (601127) has reported impressive financial results for the first half of 2025, achieving a net profit of 2.941 billion yuan, a year-on-year increase of 81.03%, despite a general decline in profits within the global and Chinese automotive markets [1][2]. Financial Performance - Revenue for the first half of 2025 reached 62.401 billion yuan, a decrease of 4.06% compared to the same period last year [2]. - Total profit amounted to 3.725 billion yuan, reflecting a significant increase of 119.22% year-on-year [2]. - The net profit attributable to shareholders was 2.941 billion yuan, up 81.03% from 1.625 billion yuan in the previous year [2]. - The comprehensive gross margin rose to 28.93%, an increase of approximately 4.9 percentage points year-on-year, surpassing some leading domestic automakers [3]. Product Strategy - The optimization of product structure has significantly contributed to Saisir's performance, with high-end models such as the Wanjie M9 and M8 becoming key sales drivers, accounting for nearly 70% of total sales in the Wanjie series [4]. - The Wanjie M9 has sold approximately 60,000 units, leading the large SUV sales chart, while the M8 has sold 35,000 units, dominating the 400,000 yuan market segment [4]. - Saisir's strategy includes a seamless coverage of mainstream price ranges with models M5, M7, M8, and M9, targeting different consumer segments effectively [7]. Competitive Advantage - Saisir's approach to high-end market penetration differs from traditional automakers, focusing on a new luxury concept that combines traditional and technological luxury, redefining the notion of luxury in the automotive sector [5]. - The company has achieved a significant profit structure supported by high-priced, high-margin models, moving away from the industry's typical "volume for price" strategy [6]. Operational Efficiency - Saisir has implemented a "factory within a factory" model, reducing the number of primary suppliers from 300 to 100, which includes 20 world-class suppliers, enhancing operational efficiency and reducing costs [8]. - The company reported a net cash flow from operating activities of 14.437 billion yuan, indicating strong cash support behind its profits [11]. Research and Development - R&D investment increased by 154.9% year-on-year, totaling 5.198 billion yuan, reflecting the company's commitment to long-term technological capabilities [14]. - The Saisir Magic Cube technology platform enables modular architecture and standardized interfaces, facilitating simultaneous development of multiple models and reducing R&D costs [14]. Conclusion - Saisir's financial turnaround exemplifies a shift in the Chinese electric vehicle industry from a focus on sales volume to a more refined approach emphasizing profitability, sustainability, and operational efficiency, marking a new phase in the maturity of the Chinese automotive industry [14].

"黑马"赛力斯还在持续交上更亮眼的成绩单。 2 0 2 5年上半年，赛力斯实现营业收入6 2 4 . 0 2亿元，在全球及中国车市普遍面临利润下滑的背 景下，逆势实现归属于上市公司股东的净利润2 9 . 4 1亿元，同比增长8 1 . 0 3%。 | 主要会计数据 | 本报告期 (1-6月) | 上年同期 | 本报告期比 上年同期增 | | --- | --- | --- | --- | | | | | 减(%) | | 营业收入 | 62,401,722,813.80 | 65,044,468,013.30 | -4.06 | | 利润总额 | 3,724,791,554.04 | 1,699,109,354.55 | 119.22 | | 归属于上市公司股东的净利润 | 2,940,890,216.11 | 1,624,558,336.35 | 81.03 | | 归属于上市公司股东的扣除非经常 性损益的净利润 | 2,474,494,986.00 | 1.437.469.749.42 | 72.14 | | 经营活动产生的现金流量净额 | 14.436.525.232.56 | 16,360,161,6 ...

Core Insights - The automotive industry is facing challenges in profitability due to the high costs associated with electric vehicle (EV) development, complex supply chains, and reliance on core components, making traditional sales volume strategies ineffective [1] - Companies like Seres are optimizing their supply chains and production processes to enhance efficiency and reduce costs, which is crucial for profitability in the competitive EV market [1][3] Group 1: Supply Chain Optimization - Seres has reduced its number of tier-one suppliers from 300 to 100, which lowers management costs and fosters long-term strategic partnerships [1] - The "factory within a factory" model allows Seres to integrate core suppliers' production lines into its own facilities, reducing response times to production adjustments to under 20 minutes and significantly lowering inventory costs [1] - The development of the "Seres Magic Cube Technology Platform" enables a more efficient approach to R&D, allowing for multiple powertrain configurations within a single platform [1][3] Group 2: Financial Performance - In Q2 2025, Seres reported a revenue increase of 12.4% year-on-year to 43.255 billion yuan, with a notable rise in net profit [2] - The company's focus on high-end market segments has allowed it to escape the intense price competition prevalent in the mid-to-low-end market, where profit margins are declining [2][3] Group 3: Market Positioning and Strategy - Seres is shifting its strategy from competing on price to competing on quality and value, which is essential as the EV market matures [3][6] - The introduction of high-end models like the AITO M9, which features advanced technology and design, has positioned Seres favorably in the luxury segment, achieving significant sales milestones [2][3] - The company is investing heavily in R&D, with expenditures reaching 5.198 billion yuan in the first half of the year, a 154.9% increase, indicating a commitment to building technological barriers and enhancing user experience [6]