每经编辑｜张喜威 王晓波 （）中国9月官方制造业、非制造业PMI数 2中国9月RatingDog制造业、服务业、 数据将公布 5 美国9月諮商会消费者信心指数等将公 1 隔夜市场 美股三大指数集体收涨，道指涨0.15%，纳指涨0.48%，标普500指数涨0.26%，大型科技股涨跌不一，英伟达涨超2%，亚马逊涨超1%，博通跌近2%；加密 货币概念、金属原材料涨幅居前，Coinbase涨超6%，Circle、世纪铝业涨超5%，南方铜业涨超3%。纳斯达克中国金龙指数涨2.03%，中概股普遍上涨，哔哩 哔哩、阿里巴巴、新东方涨超4%，理想汽车、京东涨超3%，百度、蔚来涨超2%。 现货黄金突破3830美元，收报3832.94美元/盎司，再创新高；COMEX黄金期货涨1.42%，报3862.90美元/盎司；COMEX白银期货涨0.97%，报47.11美元/盎 司。 3 第二届培育钻石研讨会将于9月30日在 4 德国9月CPI数据将公布 国际油价大幅收跌，美油主力合约跌3.86%，报63.18美元/桶；布伦特原油主力合约跌3.51%，报66.79美元/桶。 欧洲三大股指收盘小幅上涨，德国DAX指数涨0.02%报23745. ...

Core Viewpoint - Great Wall Motors is advancing into the supercar market, marking a significant strategic shift towards high-end vehicles, as evidenced by the recent developments and internal confirmations regarding their supercar project [2][3][4]. Group 1: Company Developments - Great Wall Motors celebrated its 35th anniversary, showcasing a mysterious vehicle likely to be a supercar, which has sparked speculation about the company's entry into the supercar segment [2]. - The company established the "Great Wall Brand Super Luxury Car Business Group" in January 2025, led by Chairman Wei Jianjun, focusing on hybrid and new energy products, including supercars and sedans [3]. - Great Wall Motors has applied for the "Confident Car" trademark, potentially indicating the launch of a new ultra-luxury brand, although this has not been officially confirmed [4]. Group 2: Market Context - The domestic super luxury car market is facing challenges, with sales of new cars priced over 1 million yuan dropping by 34% year-on-year in 2024, totaling 128,000 units [5]. - Recent policy changes have introduced new pressures on the super luxury car market, including a reduction in the consumption tax threshold from 1.3 million yuan to 900,000 yuan, which may further compress market sales [5]. - The experience gap for domestic brands in the super luxury segment raises uncertainties regarding product competitiveness, as seen with BYD's Yangwang brand and other domestic luxury vehicles struggling with sales [5]. Group 3: Product and Technology - Great Wall Motors' upcoming supercar is expected to utilize a self-developed 4.0T V8 engine, which has been in development for ten years and was officially unveiled at the Shanghai Auto Show [6]. - The company aims to create a supercar that excites drivers, with the project having been initiated five years ago [3].

Group 1 - The core viewpoint of the article highlights the significant developments in the automotive industry, particularly focusing on Great Wall Motors' new supercar and General Motors' second-quarter financial performance [1][4][8]. Group 2 - Great Wall Motors' new supercar features a monocoque body and a two-door design, likely utilizing a rear-engine layout with the latest 4.0T twin-turbo V8 engine, and is expected to compete with the Ferrari SF90 [3]. - The new supercar aims to deliver impressive lap times and emotional value, indicating a strategic move towards high-performance vehicles [3]. Group 3 - Avita's new factory design has been revealed, with a production capacity of 350,000 units, supporting its goal of achieving global sales of 400,000 units by 2027 and launching 17 new models by 2030 [6]. Group 4 - General Motors reported a second-quarter sales figure of 974,000 units, a year-on-year decline of 6.3%, with revenue of $47.12 billion, down 1.8% [8]. - The company faced over $1.1 billion in losses due to Trump's 25% tariffs on imported vehicles and parts, leading to a 31.6% drop in adjusted EBIT to $3 billion and a 35.4% decrease in net profit to $1.9 billion [8]. - Despite the overall decline, GM's Chevrolet became the second-best-selling electric vehicle brand in the U.S., and Cadillac led in luxury electric vehicle sales, indicating progress in its electrification strategy [8].