据悉，此次试验参考近期工信部最新《电动汽车用动力蓄电池安全要求（以下简称新国标）》，为电池 针刺触发热失控试验的强化版，也是行业首次针对插混车型完成"电池+油箱"同时穿刺试验。试验模拟 车辆被路面凸起物或尖锐障碍物（如钢筋、断裂金属件等）同时刺穿电池和油箱的极端工况，验证吉利 银河星舰7EM-i在极限场景下的安全性。 "根据新国标要求，可通过针刺触发单电芯热失控，进行热扩散试验。而此次试验则采用多根钢针，对 吉利银河星舰7 EM-i的动力电池和油箱同时进行刺穿。"吉利汽车相关负责人介绍，其中，4根刺穿动力 电池，2根刺穿油箱，人为造成电池短路+油箱同时泄漏，让电池和油箱同时受到破坏，受破坏点更 多、热扩散风险加剧，试验难度大。 试验结果表明：吉利银河星舰7 EM-i在极限破坏条件下，电池包依然不起火、不爆炸，热失控风险可 控，安全性高，充分验证吉利银河星舰7 EM-i搭载的神盾电池安全系统远超国标的安全实力，消除用户 对插混车型的电池与燃油系统"油电安全"的双重顾虑。 上述负责人透露，吉利银河星舰7 EM-i作为吉利银河基于GEA新能源专属架构打造的首款插混SUV，充 分考量了油、电两大系统间的联动关系，以" ...

转自：新华财经 新华财经北京6月26日电（康耕甫） 近日，吉利银河星舰7 EM-i作为001号测试车辆，在中汽中心新能 源检验中心，顺利通过行业首次动力电池、油箱同步穿刺试验，并获颁中汽中心行业首个插电式混动车 型油电系统安全验证。 本次试验参考近期工信部最新《电动汽车用动力蓄电池安全要求》，为电池针刺触发热失控试验的强化 版本，也是行业首次针对插混车型完成"电池+油箱"同时穿刺试验。 通过行业首个"油电同刺"试验 此次试验参考近期工信部最新《电动汽车用动力蓄电池安全要求（以下简称新国标）》，为电池针刺触 发热失控试验的强化版，也是行业首次针对插混车型完成"电池+油箱"同时穿刺试验。试验模拟车辆被 路面凸起物或尖锐障碍物（如钢筋、断裂金属件等）同时刺穿电池和油箱的极端工况，验证吉利银河星 舰7 EM-i在极限场景下的安全性。 根据新国标要求，可通过针刺触发单电芯热失控，进行热扩散试验。而此次试验则采用多根钢针，对吉 利银河星舰7 EM-i的动力电池和油箱同时进行刺穿。其中，4根刺穿动力电池，2根刺穿油箱，人为造成 电池短路+油箱同时泄漏，让电池和油箱同时受到破坏，受破坏点更多、热扩散风险加剧，试验难度 大。 ...

Core Viewpoint - The new Buick E5, launched by SAIC-GM, aims to strengthen its position in the competitive electric vehicle market by offering a lower price point and enhanced features compared to its predecessor [3][4]. Group 1: Product Launch Details - The new Buick E5 is priced between 149,900 and 169,900 yuan, significantly lower than the previous model's price range of 208,900 to 278,900 yuan, reflecting a price reduction of approximately 50,000 yuan [3][4]. - The new model features upgrades in appearance, fast charging performance, range, navigation, and AI functionalities, with a total of 47 configuration updates [3][4]. - The vehicle includes a rare 1:1 compensation commitment for vehicle fire incidents, showcasing the company's confidence in product safety [3]. Group 2: Specifications and Features - The Buick E5 dimensions are 4892mm in length, 1905mm in width, and 1683mm in height, with a wheelbase of 2954mm, providing ample interior space [6]. - The trunk capacity ranges from 502L to 1658L, and the vehicle offers 31 storage compartments [6]. - The interior features include ergonomic seats, a 30-inch curved 6K display, a 14-speaker BOSE sound system, and a large panoramic sunroof [6][8]. Group 3: Technology and Performance - The new Buick E5 is equipped with a 76.8 kWh lithium iron phosphate battery developed in collaboration with CATL, offering a range of 620 km and a 30% improvement in charging speed [8]. - The vehicle supports fast charging, allowing for a 210 km range increase with just 10 minutes of charging at a 3C rate [8]. - The car features the latest V5.0 vehicle system, supporting CarPlay and advanced AI capabilities for voice interaction and command execution [8].

车展现场，捷达、吉利、长安等品牌纷纷亮出"一口价"：捷达VS5好运版6.96万元起，吉利银河星舰7 EM-i限时优惠8.78万元起，长安2025款逸动 PLUS高能 版置换价仅4.69万元……"这次车展价格确实很划算。"多位消费者在订单确认处表示。 齐鲁晚报·齐鲁壹点记者 鹿青松 6月14日。"约惠槐荫•第三届惠民车展"在山东国际会展中心盛大开幕，各大车企纷纷推出重磅优惠，多重补贴叠加让利，为消费者带来购车良机。 "现在行业'价格战'常态化，我们不再区分淡旺季。年中反而会加大促销力度，当前正是购车好时机。"某车企负责人透露。据了解，消费者可同时享受国家 报废补贴、地方购车券、厂家直补等多重优惠，优惠力度空前。 "我们也是听说现在可以叠加多重优惠，才来槐荫惠民车展看看车。"在极氪展台，家住济南历城区的刘先生带着家人前来选购极氪7X，"现在好多新能源汽 车都是全国统一价格，没有什么谈价的空间。还好可以叠加多重政府补贴，可以将买车价格压低一些。" 在比亚迪展台，现场销售人员为一位购车消费者算了一笔账，一台纯电续航里程520公里的比亚迪宋PLUS EV中配版车型，可以叠加多重优惠补贴。包括 20000元的旧车报废国家 ...

■ 投资逻辑 摘要 投资逻辑 公司经历底部反转后经营势头持续向上 ：根据公司官方的披露， 2025 年 4 月，公司销售乘用车 23.41 万辆，同 / 环比 +52.7%/+0.8% ， 25 年累计 93.8 万辆，同比 +49.1% ；其中电车 12.6 万辆，同 / 环比 +144.2%/+4.9% ， 25 年 1-4 月累计 46.5 万辆，同比 +137.7% ；公司销量表现持续强势，其中电车饱受价格战影响但持续平稳， 销量连续破新高，燃油车则仍在逆势上扬。 公司困境反转的核心原因来自 ： 1 ）低成本路线落地：推出 GEA 平台和 EM-i 超级混动技术，产品爆款能力大幅增强； 2 ）强爆款周期：公司在爆款打造能力增强的 同时，从 24 年下半年起进入轰轰烈烈的新车周期，吉利银河 E5/ 吉利星愿 / 吉利银河星舰 7 均成市场爆款， 25 年起更是有 10 款新车推出，其中吉利银河 5 款； 3 ）内 部整合后经营持续向上， 24 年下半年公司发布台州宣言，并大规模开启整合，关联交易、内部资源浪费大幅减少，因而大幅增强公司盈利能力。因而在 24Q3 开始，公 司虽然经历俄罗斯市场萎缩、市场价 ...

Core Viewpoint - The article discusses the sales performance and customer preferences for the BYD Song PLUS DMI, highlighting its competitive pricing and market challenges faced against other models like Song L and Galaxy Starship 7 [1][10]. Sales Performance - In a local three-tier city, the dealership sold approximately 130 vehicles last month, with 21 units of Song PLUS sold, indicating a significant interest in this model [2]. - The most popular configuration is the non-intelligent 112KM Honor version, primarily in gray, accounting for about 50% of the sales [2][11]. - Discounts for the non-intelligent version are around 25,000, while the intelligent version sees discounts of about 20,000, reflecting a trend of decreasing prices over the past two months [9]. Customer Demographics - Buyers of the Song PLUS are diverse, primarily using the vehicle for family purposes, with no distinct demographic trends observed [3][18]. - The article mentions a case where a customer initially interested in Song PLUS ended up purchasing from a competing dealership, indicating the competitive nature of the market [5]. Competitive Landscape - The Song PLUS faces stiff competition from models like Song L DMI and Galaxy Starship 7, with the latter gaining more traction among consumers [10]. - The dealership is experiencing intense competition, with sales teams under pressure to outperform each other, leading to a "cutthroat" environment [10]. Customer Preferences and Feedback - The most sought-after configurations are the 112 Honor type, with gray and white being the preferred colors [11]. - The least popular model is the 160KM flagship version, which struggles to sell even with significant discounts [12]. - Customers have expressed dissatisfaction regarding fuel efficiency and tire noise, indicating areas for improvement in the vehicle's performance [18]. Financial Aspects - Maintenance costs for the Song PLUS are estimated to be between 400-500, with the first service required at 5,000 hybrid kilometers or six months [19]. - The article notes that there are various financing options available, including high-interest bank loans with incentives [14]. Additional Considerations - The article mentions that trade-in subsidies are available, with 10,000 for the model and 8,000 for non-model vehicles, which can be combined with national and provincial subsidies [20].

动力方面，悦意07则全面超越竞争对手。悦意07的发动机功率比宋PLUS DM-i和银河星舰7 EM-i分别高出36 kW、28 kW，电机总扭矩也高出80 kW左右。在 加速性能方面，悦意07的零百公里加速时间仅6.9秒，0-50km/h启车加速时间仅2.8秒，动力响应方面比竞品车型更快。 值得一提的是，悦意07虽然定位紧凑型SUV，身尺寸与宋PLUS、吉利银河星舰7 EM-i等不相上下，但凭借3.3米乘用空间、590L后备箱、33处模块化储物设 计，获得了"大空间"的差异化。 在"技术冗余"与"价格内卷"并行的行业周期中，悦意07用"高配中价"的策略，与比亚迪、吉利等竞争。这既是一汽奔腾对家庭用户需求的再挖掘，也是在自 身品牌力不足情况下的明智之举。 当前，插混紧凑型SUV市场竞争激烈，比亚迪宋Pro DM-i、宋PLUS DM-i及吉利银河L7等车型的市场销量排名靠前。面对竞争，悦意07打出"电混SUV+超大 空间+长续航"的组合拳，试图以"田忌赛马"式的竞争策略来抢占市场份额。 例如在价格与续航方面，比亚迪于近日再次推出限时"一口价"或限时补贴的促销活动，宋PLUS DM-i智驾版售价降至9.98万元。 ...

【文/观察者网 潘昱辰 编辑/高莘】5月26日，一汽奔腾悦意07正式上市，新车定位为紧凑型插电混动 SUV，共推出4款车型，限时优惠售价区间为9.98万—12.99万元。 一汽奔腾悦意07 一汽奔腾 新车长宽高分别为4745/1880/1710mm，轴距为2772mm。 一汽奔腾悦意07上市 一汽奔腾 成立于2006年的一汽奔腾品牌迄今已历经20年，与一汽红旗一同构成了中国一汽自主品牌的品牌与产品 矩阵。 随着同集团红旗品牌的价格下探，奔腾的生存空间被进一步挤压。 不过，伴随着汽车电动化、智能化转型的推进，奔腾在一汽体系内被赋予了新的任务。2024年，一汽奔 腾启动"全面向新"行动，计划未来3年推出6款新能源车型，覆盖纯电、混动等动力形式。 于近期推出的悦意是一汽奔腾的新能源序列产品，被一汽视为"新"造车势力。根据规划，奔腾未来将在 2年内推出6款新能源产品。当前上市的悦意07就是其中之一，除了悦意07和此前发布的悦意03外，奔腾 发布了一款名为悦意08的轿车，并于4月上海车展期间正式亮相。 一汽奔腾悦意07上市后，将与比亚迪宋Pro、吉利银河星舰7 EM-i、奇瑞风云T8等主流市场热门品牌的 混动SUV展开 ...

Core Viewpoint - The launch of the new model, Yuyi 07, by FAW Bestune is seen as a potential sales driver, but it faces significant competition in the mid-size SUV market, particularly from popular models like Song Pro DM-i and others [1][2] Group 1: Sales Performance - The Yuyi 07 is priced between 99,800 to 139,900 yuan, entering a highly competitive mid-size SUV segment [1] - The first model in the Yuyi series, Yuyi 03, had disappointing sales, with only 459 units sold in its first month and a slight increase to 749 units in April [2] - FAW Bestune's total sales for 2024 are projected at 150,777 units, a 25% year-on-year increase, with electric vehicle sales reaching 82,872 units, up 214%, resulting in a 55% penetration rate for new energy vehicles [2] Group 2: Financial Challenges - The sales of the Bestune Pony, priced between 24,900 to 53,900 yuan, dropped by 57.67% in January, contributing little to profits with a gross margin of less than 5% [4] - FAW Bestune plans to raise funds through a new round of capital increase, with a target shareholding of no more than 26.5% [4] - The company has reported net losses of 2.097 billion yuan, 2.958 billion yuan, and 4.347 billion yuan for the years 2022 to 2024, respectively [4] Group 3: Investment and Future Plans - FAW Bestune has sought external funding to alleviate operational pressures, including a 166.32 million yuan investment from Jiangsu Yueda Automotive Group [5] - The company is actively pursuing a transition to new energy, planning to launch six new energy products over the next two years, creating a product matrix that includes pure electric, hybrid, and extended-range vehicles [6]

编 译 / 牛跟尚 设 计 / 琚 佳 宝马展台，一位高管用普通话与人工智能（AI）助手对话，尔后，宝马集团董事长奥利弗·齐普策 （Oliver Zipse）乘坐BMW新世代系列中一款设计极具未来感的SUV登上展台。 这款"驾趣"概念车是4月23日开幕的2025上海车展163款新车首发中的代表。 10天的展期中，观众看到新车以SUV居多，包括极氪9X、蔚来乐道L90、全新一汽奥迪Q5L、深蓝 S09、红旗全新SUV车型、二代哈弗枭龙MAX以及东风纳米06、全新岚图FREE等。 2024年，SUV市场在售车型371款，比轿车多出153款，而到了2025年，这一市场加速内卷。 乘联分会数据显示，2025年一季度，国内SUV市场零售250.1万辆，同比约增长4%；2024年1-3月国 内SUV市场累计零售达到240.7万辆，同比增长20.2%。 其中，累计销量超3万辆——月销过万辆的爆款SUV达到27款。而2024年同期只有18款，一年之内 SUV爆款增加了9款。 销量超过4万辆的超爆款SUV有13款，相比2024年同期的11款，多出2款。 新能源SUV领域同样火热，累计销量超过3万辆的新能源SUV有10款，较20 ...