每经记者｜裴健如 每经编辑｜余婷婷 与终端变化相向而行的是，在车企针对燃油车不断进行智能化升级的背景下，国内燃油车市场正在回暖。中国汽车工业协会（以下简称中汽协）于11月11日 发布的最新数据显示，2025年1至10月，传统燃料汽车国内销量达到1114.3万辆，同比增长0.6%。 图片来源：中汽协 "燃油车销量回暖是当下车市比较明显的变化。尽管前10个月增速不高，但改变了去年燃油车销量大幅下降的局面。"中国汽车工业协会副秘书长陈士华表 示，"不过，从协会监测的数据来看，当前燃油车在终端的价格降幅仍相对较高。" 燃油车销量回暖，"油电同智"成共识 "从产业视角看，全球汽车市场正从'动力形式之争'转向'智能体验之争'。智能化不应被'燃油'与'电动'的标签所分割。智能辅助驾驶已经逐步成为消费者对 新车的基本期待。未来，燃油车与电动车将在智能赛道上并行发展，共同推动汽车产业向更智能、更多元的方向进化。"博世智能驾控中国区总裁吴永桥向 记者表示，中国车企加速出海，智能化成为核心竞争力，而博世的全球法规合规能力与智能辅助驾驶技术，也将助力燃油车在全球近80%的市场中形成差异 化优势。 中汽协数据显示，今年10月，新能源汽 ...

Core Insights - The automotive industry is witnessing a significant shift, with internal combustion engine (ICE) vehicles showing signs of recovery despite the prevailing dominance of electric vehicles (EVs) [1][9][12] - The sales of ICE vehicles have increased consistently from June to September, indicating a potential turning point in the market dynamics [1][9][11] Group 1: Sales Performance - In June, the retail sales of ICE vehicles reached 973,000 units, a year-on-year increase of 6.2%, ending a previous decline [1] - By July, sales rose to 981,000 units, with a year-on-year growth of 8.4% [1] - In August, sales surpassed one million units, reaching 1,074,000, representing a month-on-month increase of 9.5% and a year-on-year increase of 12.9% [1] - In September, the retail sales of ICE vehicles continued to climb, reaching 945,000 units, higher than previous forecasts [2] Group 2: Market Dynamics - The recovery of ICE vehicle sales is closely linked to improvements in smart technology and competitive pricing strategies [2][6] - The J.D. Power 2023 NVIS study indicates that the importance of smart technology in consumer purchasing decisions has increased, with its influence rising to 14%, just behind vehicle quality and performance [2] - The average promotional discount for traditional ICE vehicles in September was 23.9%, reflecting a 1 percentage point increase from the previous month [6] Group 3: Competitive Strategies - New models like the Volkswagen Sagitar L have introduced advanced hardware and software features, enhancing the smart driving experience and addressing previous shortcomings [5][8] - The introduction of competitive pricing strategies, such as one-price sales, has significantly boosted the sales of models like the Buick Regal and Nissan Sylphy [6][8] Group 4: Future Outlook - Despite the recovery of ICE vehicles, the market for EVs continues to grow, with a retail sales figure of 1,296,000 units in September, marking a year-on-year increase of 15.5% and a penetration rate of 57.8% [9][12] - The upcoming implementation of reduced vehicle purchase taxes in 2026 is expected to stimulate consumer purchases, potentially benefiting ICE vehicles in the long run [11][12] - The ongoing technological advancements and competitive pricing strategies are crucial for ICE vehicles to maintain their market presence amidst the rapid growth of EVs [12]

Group 1 - FAW-Volkswagen launched the new generation of Sagitar L on September 9, with prices ranging from 114,900 to 131,900 yuan for three models [2] - Ferrari introduced the new supercar 849 Testarossa, which is the most powerful production model in the brand's history, replacing the SF90 Stradale [2] Group 2 - Mercedes-Benz plans to launch over 40 new models in the next three years as part of a major product offensive, shifting focus from luxury to more mass-market and affordable vehicles to enhance profitability [4] - Mercedes-Benz has invested over $2.3 billion (approximately 16.385 billion yuan) in European factories to support the launch of new electric models [4] - XPeng Motors officially opened its first R&D center in Munich, Germany, marking its ninth global R&D site [4]

Group 1: Automotive Industry Trends - In August 2025, the inventory warning index for Chinese automotive dealers was reported at 57.0%, indicating a year-on-year increase of 0.8 percentage points and a month-on-month decrease of 0.2 percentage points, suggesting a decline in industry prosperity [1] - Guangzhou has announced the suspension of the "replacement and upgrade" subsidy policy for automobiles effective from August 30, 2025, impacting consumer purchasing incentives [2] - Hangzhou has initiated a new round of automotive consumption subsidies, with a maximum subsidy of 6,000 yuan available [3] Group 2: Company Developments - Xiaomi Automotive has opened 18 new stores in August, bringing the total to 370 across 105 cities, with plans to add 32 more stores in September [5] - XPeng Motors has surpassed 2,500 self-operated charging stations nationwide, with over 10,000 fast charging piles [6] - Extreme Stone Automotive delivered 1,358 units of the Extreme Stone 01 model in August 2025, showing an increase from 1,316 units in the previous month [7] Group 3: New Product Launches - FAW-Volkswagen has officially launched the pre-sale of the new generation Sagitar L at the Chengdu International Auto Show, with pre-sale prices ranging from 119,900 to 135,900 yuan [8] - WanHua Chemical and Geely Automotive have jointly announced the results of their collaboration on automotive-grade light-guiding polycarbonate materials, marking WanHua as the first Chinese company to enter Geely's core supply chain for automotive lighting materials [9] Group 4: Financial Updates - Foton Motor announced receipt of government subsidies amounting to 34.828 million yuan, which represents 43.24% of the company's audited net profit attributable to shareholders for the fiscal year 2024, positively impacting the 2025 profit outlook [10] - HeSai Technology has passed the listing hearing at the Hong Kong Stock Exchange, planning to list on the main board [11]

Group 1 - Furuitek will provide millimeter-wave radar products and software services for Hello Robotaxi platform, with mass production expected by the end of 2025 [2] - FAW-Volkswagen's new model, the Sagitar L, has officially started pre-sales, with prices ranging from 119,900 to 135,900 CNY, and is expected to launch in September [2] - Hangzhou has announced a new round of automobile consumption subsidies, with a maximum subsidy of 6,000 CNY available [2] - XPeng Motors has surpassed 2,500 self-operated charging stations nationwide, with over 10,000 supercharging piles [2]