人民财讯1月8日电，广州市人民政府办公厅印发《广州市加快建设先进制造业强市规划(2024—2035 年)》。其中提出，支持建设基于宽带移动互联网的智能网联汽车与智能交通应用示范区，加快推进国 家5G车联网先导区建设。支持在公共交通领域率先探索自动驾驶示范应用，打造具有世界级影响力的 示范应用案例。支持规划建设智能网联汽车封闭测试区以及若干半开放、全开放测试区测试场，加快推 进智能网联汽车道路测试。支持发展智能驾驶舱解决方案及车载信息娱乐系统、空调控制、胎压监测、 高级驾驶辅助系统、车联网。 ...

人民财讯1月8日电，广州市人民政府办公厅印发《广州市加快建设先进制造业强市规划(2024—2035 年)》。其中提出，支持建设基于宽带移动互联网的智能网联汽车与智能交通应用示范区，加快推进国 家5G车联网先导区建设。支持在公共交通领域率先探索自动驾驶示范应用，打造具有世界级影响力的 示范应用案例。支持规划建设智能网联汽车封闭测试区以及若干半开放、全开放测试区测试场，加快推 进智能网联汽车道路测试。支持发展智能驾驶舱解决方案及车载信息娱乐系统、空调控制、胎压监测、 高级驾驶辅助系统、车联网。 ...

（来源：OLEDindustry） TopRun Total Solutions于1月5日宣布，将向一家德国汽车制造商供应价值520亿韩元（折合人民币2.5亿 元）的显示模块。这些模块包括一个10英寸的数字仪表盘、一个14英寸的中央信息显示屏（CID）和副 驾驶显示屏（COD）。 Toprun Total Solutions 是一家汽车显示组件制造商。其核心产品包括车载显示器和组件，包括背光单元 (BLU)、车载信息娱乐系统 (IVI) 和抬头显示器 (HUD)，以及有机发光二极管 (OLED) 组件。 一位公司高管表示，与这家德国汽车制造商的合同价值 520 亿韩元（折合人民币2.5亿元），相应数量 的产品将通过大陆集团电气元件部门的子公司 Aumovio 供应，为期五年，从 2027 年开始。 一位公司高管表示，与这家德国汽车制造商的合同价值 520 亿韩元（折合人民币2.5亿元），相应数量 的产品将通过大陆集团电气元件部门的子公司 Aumovio 供应，为期五年，从 2027 年开始。 TopRun Total Solutions正在拓展与中国汽车制造商的业务，并与LG Display和大陆集团等公司开 ...

"随着汽车新能源和智能化的发展，公司积极开拓海外市场，目前海外客户包括韩国现代起亚集团、斯 特兰蒂斯集团、韩国双龙、马来西亚宝腾汽车等客户，公司中长期业绩增长和价值成长也将逐步体 现。"天有为表示，两轮车市场蕴含广阔发展潜力，当前正迎来智能化与功能多样化的产业升级浪潮。 天有为依托自身在复合屏技术领域的核心优势、卓越的成本管控能力，以及多年深耕车载领域沉淀的优 质产品口碑，积极推进与国内外两轮车头部企业的战略合作，目前各项合作事宜均取得稳步进展。公司 已与雅迪、爱玛、钱江、大运、奔达、五羊本田等多家客户建立了稳定的合作关系。 天有为（603202）12月24日披露的投资者关系活动记录表显示，公司于12月23日接待了华西证券 （002926）、中邮证券的调研。 天有为主要从事汽车仪表的研发设计、生产、销售和服务，并逐步向智能座舱领域拓展。公司主要产品 包括电子式组合仪表、全液晶组合仪表、双联屏仪表及其他电子产品与服务。通过长期业务发展，公司 具备了为汽车整车厂商同步研发及批量供货能力，构建了液晶屏技术、光学贴合技术、智能座舱技术等 核心技术体系。在绥化、哈尔滨、大连等地设立了3所研发机构，并建设有1座EMC专业 ...

标的公司克莱默成立于1974年，注册于德国罗伊特林根，主营业务为车载信息娱乐系统、数字座舱及车 联网解决方案的研发与制造。财务数据显示，截至2025年6月30日，克莱默资产总额为1298.88万元人民 币，负债总额为1951.58万元人民币，净资产为-653.42万元人民币；2024年度营业收入为9043.68万元人 民币，但净利润呈亏损状态。评估机构采用市场法对其估值，股东全部权益价值为857万元人民币，较 账面净资产增值231.16%。交易定价参考此评估结果，最终协商确定为100万欧元。 ONEHoldingAG持有的KramerAutomotiveSystemsGmbH（克莱默）100%股权。交易完成后，克莱默将成 为天有为的全资子公司，并纳入公司合并报表范围。公司表示，此次收购符合其国际化战略，旨在拓展 欧洲市场，特别是高端乘用车客户，以提升盈利能力和市场竞争力。 南方财经12月10日电，天有为(603202.SH)12月10公告，宣布拟以100万欧元自有资金收购MS- ...

Core Viewpoint - The company plans to acquire 100% of Krmer Automotive Systems GmbH for €1 million, which will enhance its market position and operational capabilities in the automotive sector [1][2][3] Group 1: Acquisition Details - The acquisition will be funded using the company's own funds and will result in Krmer being fully consolidated into the company's financial statements [1] - Krmer specializes in the development and manufacturing of in-vehicle infotainment systems, digital cockpits, and connected vehicle solutions [1] - The acquisition aligns with the company's strategy to expand its international presence and enhance its product offerings [3] Group 2: Strategic Implications - The acquisition is expected to positively impact the company's future development by leveraging Krmer's sales team and customer relationships, particularly with high-end automotive manufacturers [2] - It will strengthen the company's sales channel in Europe and improve its competitive position in the region [2][3] - The integration of Krmer's operations is anticipated to create synergies in technology development and market resource sharing, benefiting both entities [2][3] Group 3: Future Growth Plans - The company aims to continue developing its automotive instrument business while expanding its global market share and seeking growth opportunities in international markets [2] - Plans include establishing subsidiaries and production bases in Mexico and South Korea to enhance responsiveness to international clients [2] - The company expects its new factory in Mexico to begin operations by June 2025, targeting the North American market [2]

Core Viewpoint - 博泰车联 is experiencing a stock price increase of over 3%, attributed to strategic partnerships and growth prospects in the automotive technology sector [1] Group 1: Strategic Partnerships - In September, 博泰车联 entered a strategic partnership with Porsche to develop next-generation in-car infotainment systems for the Chinese market, set to be used in multiple Porsche models starting in 2026, marking the company's significant entry into the global luxury car supply chain [1] - In October, 博泰车联 partnered with SenseTime to advance innovations in AI smart cockpits, large models, and robotics [1] Group 2: Market Position and Growth Potential - According to a report by Guotai Junan, the acceleration of automotive intelligence is expanding the smart cockpit as a core interaction entry point, positioning 博泰车联 favorably due to its technological capabilities, customer base, product upgrades, and international collaborations [1] - The company is expected to see a substantial improvement in profitability, with revenue growth, recovery in gross margins, and enhanced operational efficiency, projecting its first annual profit in 2026 [1]

Core Viewpoint - 博泰车联 is experiencing a stock price increase of over 3%, attributed to strategic partnerships and growth prospects in the automotive sector [1] Group 1: Strategic Partnerships - In September, 博泰车联 entered a strategic partnership with Porsche to develop next-generation in-car infotainment systems for the Chinese market, set to be used in multiple Porsche models starting in 2026, marking the company's significant entry into the global luxury car supply chain [1] - In October, 博泰车联 partnered with SenseTime to advance innovations in AI smart cockpits, large models, and robotics [1] Group 2: Market Position and Growth Potential - According to a report by Guotai Junan, the acceleration of automotive intelligence is expanding the smart cockpit as a core interaction entry point, positioning 博泰车联 favorably due to its technological capabilities, customer base, product upgrades, and international collaborations [1] - The company is expected to see a substantial improvement in profitability, with revenue growth, recovery in gross margins, and enhanced operational efficiency, projecting its first annual profit in 2026 [1]

Core Viewpoint - Cathay Securities has initiated coverage on Botai Carlink (02889) with a "Buy" rating and a target price of HKD 280.20, highlighting the company's growth potential driven by the acceleration of automotive intelligence and the expansion of smart cockpit as a core interaction entry point [1] Group 1: Market Position and Growth - The penetration rate of smart cockpit domain controllers in China reached 41.1% in August 2025, a year-on-year increase of 12%, indicating a critical transition from optional to standard features [1] - Botai Carlink has become the second-largest supplier of pre-installed cockpit domain controllers in the Chinese market for new energy passenger vehicles, holding a 10.87% market share from January to September 2025 [1] - Major clients include Huawei, Li Auto, Xpeng, Avita, Lantu, and Seres, with revenue from core clients Huawei and Li Auto expected to account for approximately 50% of total revenue in 2024 [1] Group 2: Product Pricing and International Expansion - The average selling price of domain controllers has increased from RMB 990 in 2023 to RMB 2,141 in 2024, further rising to RMB 2,257 in the first five months of 2025, supporting the company's profitability improvement [2] - A strategic partnership with Porsche was established in September 2025 to develop next-generation in-car entertainment systems for the Chinese market, marking Botai's entry into the global luxury car supply chain [2] - The company has also entered the supply chains of international brands such as Hyundai and Kia, supporting Chinese brands' international expansion through a dual-track model of "serving global automakers + supporting Chinese brands abroad" [2] Group 3: Financial Performance and Projections - The company's gross margin fluctuated between 14.1% and 11.8% from 2022 to 2024 due to chip costs and R&D investments, but is expected to improve with business scale expansion [3] - Gross margin is projected to gradually recover from 12.9% in 2025 to 13.8% in 2027, while R&D expenses are expected to stabilize between RMB 1.9 billion and RMB 2.4 billion annually over the next three years [3] - Revenue is anticipated to grow at a compound annual growth rate of 40.5% from 2024 to 2027, with smart cockpit solutions being the primary contributor, leading to a forecasted net profit of approximately RMB 45 million in 2026 and RMB 175 million in 2027 [3] Group 4: Valuation - Cathay Securities has set a valuation multiple of 7.0x for Botai Carlink for the fiscal year 2026, reflecting a premium compared to peers, based on the company's advantages in customer structure, technological accumulation, and global cooperation [4] - The acceleration of industry consolidation in the smart cockpit sector and the gradual realization of partnerships with high-end brands like Porsche are expected to enhance the company's growth certainty [4]

Core Insights - The rapid changes in the Chinese market are leading the future of mobility, emphasizing electrification, digitalization, and new luxury concepts [1] - The automotive industry is undergoing a profound transformation, requiring companies to rethink their operational strategies and make decisive actions to appeal to younger customers [1] Group 1: Porsche's Commitment to China - The inauguration of the Porsche China R&D Center marks a significant milestone in the company's "In China, For China" strategy, enhancing local innovation capabilities [1][2] - The new R&D center is Porsche's first large-scale overseas facility outside Germany, equipped with modern facilities and a core team of over 300 engineers [2][3] - The center aims to integrate local R&D, procurement, and quality functions, allowing for rapid decision-making and a significant reduction in development cycles from years to months [2][4] Group 2: Focus on Localized Solutions - The R&D center is designed to create intelligent solutions that align with the digital lifestyles and unique needs of Chinese consumers while maintaining Porsche's engineering quality [3][5] - The center will focus on developing infotainment systems and advanced driver assistance systems tailored to the expectations of Chinese customers [4][5] - The first localized technology outcome will be a China-exclusive infotainment system, set to launch in mid-2026 [5] Group 3: Integration with China's Innovation Ecosystem - Porsche's R&D efforts in China have evolved over the past decade, with the establishment of various entities to deepen their commitment to the market [4] - The integration of the R&D center into China's fast-developing innovation ecosystem allows for quicker responses to changing customer demands [4][5] - The new infotainment system will feature AI voice assistants and 3D vehicle displays, enhancing the digital experience while preserving Porsche's driving passion [4][5]