每经记者｜李星 每经编辑｜陈柯名 余婷婷 历时一年多，赛力斯完成对深圳引望智能技术有限公司（以下简称引望）10%股权的全部对价支付，成为引望三大股东之一。 9月29日晚间，赛力斯（601127.SH）发布公告称，全资子公司赛力斯汽车有限公司（以下简称赛力斯汽车）拟以支付现金的方式购买华为技术有限公司 （以下简称华为）持有的深圳引望智能技术有限公司10%股权，交易金额为115亿元。截至公告披露日，赛力斯汽车已向华为支付完毕《股权转让协议》 约定的第三笔转让价款34.5亿元，赛力斯汽车已支付完毕本次交易的全部对价。 图片来源：赛力斯公告 9月30日，赛力斯开盘即大涨，最高涨幅接近10%，报收171.57元/股，涨幅7.78%，总市值达2802.37亿元。 记者查阅天眼查也发现，引望在2025年3月已经完成了工商信息变更，新进股东赛力斯汽车、阿维塔科技（重庆）有限公司，各持股10%，而华为持股比 例由100%变更为80%。 引望高级管理人员备案显示，华为轮值董事长徐直军任董事长，中国长安党委书记、董事长朱华荣任副董事长，华为常务董事、终端BG董事长余承东任 副董事长，赛力斯集团董事长（创始人）张兴海任董事。 张兴海 ...

华夏时报记者 温冲 于建平 沧州报道 国庆、中秋"双节"正式拉开了"银十"的序幕。不过，记者在河北沧州实地走访时发现，在综合整治"内 卷式"竞争行动下，今年国庆假期车企降价促销力度与往年相比明显减弱，范围也大幅缩小。华为鸿蒙 智行、方程豹、东风猛士等品牌没有现金优惠，部分门店有限时5000元左右的购车补贴。抢搭"政策末 班车"则成为销售人员的主要话术。 与此同时，记者还发现沧州这个三线城市对新能源汽车的需求增加显著。昊铂商超店的一名销售人员告 诉记者："十一期间，我们一家店面就卖出7台昊铂HL。"一位购买了吉利星愿的车主张先生告诉记 者："家里有油车我在开，这车主要是为了老婆上下班以及接送孩子方便，而且电车开起来确实不错。" "反内卷"在终端见成效 促销力度明显减弱 相比于"双节"到来之前车市呈现的新车密集上市、租车需求旺盛，整个国庆期间沧州市车市终端的价格 之争并不激烈，综合整治"内卷式"竞争成效显现。尤其是相比去年沧州市各个门店几千元到几万元，甚 至20万元不等的优惠，今年的促销力度明显减弱。 华为鸿蒙智行销售人员对《华夏时报》记者表示，智界、问界等鸿蒙的车型都是官方指导价，没有优 惠，如果是老车主的话会 ...

Core Insights - The automotive market in September experienced significant growth, driven by new energy vehicle (NEV) sales and supportive government policies, with NEV penetration reaching a record high of 58.1% [5] Group 1: New Energy Vehicle Sales - Leap Motor achieved a record delivery of 66,657 units in September, marking a year-on-year increase of 97% and becoming the second new energy vehicle manufacturer in China to reach a cumulative production of 1 million vehicles [2] - Hongmeng Zhixing delivered 52,916 units in September, a month-on-month increase of 18.7%, with a total of 344,000 units delivered from January to September, reflecting strong sales from its flagship model, the Wenjie [2] - Zeekr Technology, following its merger with Lynk & Co, delivered 51,159 units in September, maintaining a steady performance with a 79.3% share of new energy models [3] Group 2: Other Key Players - Xiaomi Auto surpassed 40,000 units in September, with the YU7 model contributing nearly half of the sales, while the company has 402 stores nationwide to support order conversion [3] - XPeng Motors delivered 41,581 units in September, a 95% year-on-year increase, with the MONA M03 model being a significant contributor [3] - NIO delivered 34,749 units in September, a 64% increase year-on-year, with the Ladao brand accounting for over 44% of total deliveries [3] Group 3: Market Trends and Factors - The overall retail sales of narrow passenger cars in September are expected to reach 2.15 million units, a month-on-month increase of 6.5% and a year-on-year increase of 2% [5] - The growth in sales is attributed to national vehicle scrappage policies, local trade-in incentives, and increased demand at the end of the quarter, supported by over 50 local auto shows [5]

Group 1: Industry Overview - The domestic new energy vehicle market experienced significant growth in September, with most brands achieving both year-on-year and month-on-month increases in delivery volumes [1][2][3] - The "Golden September and Silver October" period is traditionally a peak season for the automotive market, supported by government policies for vehicle scrappage and trade-in incentives [1][5] - The implementation of more targeted and precise scrappage policies is expected to positively impact market expectations [1][5] Group 2: Company Performance - Leap Motor achieved a record delivery of 66,657 vehicles in September, a 97% year-on-year increase, with a total of 395,500 vehicles delivered in the first nine months of the year [2] - Hongmeng Zhixing delivered 52,916 vehicles in September, becoming the second-largest seller, with strong performance from models like the AITO Wenjie [2] - Xiaopeng Motors delivered 41,581 vehicles in September, a 95% increase year-on-year, with plans to expand into the range-extended electric vehicle market [3] - NIO delivered 34,749 vehicles in September, a 64% year-on-year increase, with cumulative sales reaching 201,200 vehicles in the first nine months [3] - Ideal Auto reported a September delivery of 33,951 vehicles, a 36.8% year-on-year decline, but showed signs of recovery month-on-month [3] - Xiaomi Auto's delivery exceeded 40,000 vehicles in September, marking a historical high, with a backlog of orders indicating strong demand [4] Group 3: Policy Impact - As of September 10, 8.3 million applications for the vehicle trade-in program were submitted, indicating strong consumer interest [5] - The adjustment of trade-in policies reflects a shift from broad subsidies to more targeted support for specific groups, enhancing the efficiency of subsidy funds [5][6] - The retail market for narrow passenger vehicles in September is expected to reach approximately 2.15 million units, with a 6.5% month-on-month increase and a 2.0% year-on-year increase [6]

产品投资评审委员会（IRB）作为华为内部关键决策机构，其核心职能涵盖公司重大战略方向的资源投 入评估、重点项目立项审核及预算审批等关键环节。该机构负责对华为重大战略方向的资源投入、项目 立项及预算审批进行关键决策，确保资源高效聚焦核心战略目标。IRB控制华为研发预算与重大投资， 主任拥有项目否决权，意味着余承东将负责整个华为公司的投资决策。华为的各个业务BG旗下也设有 IRB委员会，将与公司的IRB形成协同分工。分析人士指出，"光靠各个业务的IRB难以完全覆盖，还有 很多公共的能力投资，需要公司IRB来管理"。 （来源：电动知家） 电动知家消息，9月29日晚，据多家媒体报道，华为公司9月29日发布重要人事任命，余承东出任公司产 品投资评审委员会（IRB）主任。这一任命由华为创始人任正非亲自签发，被业内视为华为强化人工智 能战略布局、聚焦核心业务突破的重要举措。 此次任职后，余承东将继续担任华为常务董事、终端BG董事长，同时负责华为终端、鸿蒙智行等核心 业务板块。这位在终端业务和智能汽车领域战绩显赫的"救火队长"，如今被赋予更重要的使命——带领 华为在人工智能领域取得全球领先地位。 华为在AI领域的布局已全面铺 ...

Core Insights - Huawei has appointed Yu Chengdong as the head of the Investment Review Board (IRB), a committee responsible for key strategic decisions regarding resource allocation, project initiation, and budget approval, with a focus on artificial intelligence (AI) [1] - The establishment of the IRB under Yu Chengdong signifies Huawei's commitment to prioritizing AI in its development strategy over the next decade, aiming to achieve global leadership in the AI sector [1] - Yu Chengdong's dual expertise in technology commercialization and strategic execution is expected to drive breakthroughs in AI chips, large models, and smart vehicles, positioning Huawei to compete effectively in the global tech landscape [1] Investment Strategy - The IRB will ensure that strategic resources are heavily directed towards AI, indicating a shift in Huawei's focus towards integrating AI into its core business operations [1] - Previous business groups within Huawei also had their own IRB committees, but the company-level IRB will manage broader capability investments that are not fully covered by individual business units [1] AI Infrastructure and Applications - Huawei's AI strategy encompasses the entire industry chain, from foundational infrastructure to upper-level applications [2] - The company has developed a computing power system based on Kunpeng for general computing and Ascend for intelligent computing, with plans for continuous evolution of Ascend chips [3] - Huawei's "Tian Gong Plan" has committed 1 billion yuan to support the HarmonyOS AI ecosystem, aiming to foster over 10,000 AI-native service components and 5,000+ intelligent agents, with over 20 million HarmonyOS 5 devices sold to date [3] Smart Automotive Sector - Smart vehicles represent a significant area of focus for Huawei's AI initiatives, with sales of HarmonyOS-powered vehicles reaching approximately 46,000 units in August and a cumulative total of about 296,000 units in the first eight months of the year [3] - Collaborations with various automotive manufacturers, including SAIC, Chery, and BAIC, have led to the launch of multiple vehicle brands, showcasing Huawei's commitment to integrating AI into the automotive industry [3]

中升控股 20250926 摘要 中升控股售后维保及精品维保业务表现如何？ 中升控股售后维保及精品维保业务表现稳健，每年进店量约 800 万次，今年上 半年达 400 万次。单次进店消费平均 3,300-3,400 元，上半年单次进店毛利 约 1,580 元，保持高毛利率 47%左右。这部分业务未受新车业务下行影响， 其盈利能力强劲且客源充足。新能源车渗透率虽高，但存量占比仍低，对售后 维保影响有限。此外，公司主要布局中心城市，人流趋势有望推动总量增长。 今年上半年售后维保贡献 63 亿元毛利，占公司全部 42 亿元毛利的大部分。 对中升控股未来利润预期如何？ 受价格战影响，奔驰、雷克萨斯、丰田等传统品牌亏损加剧，但三季度 行业折扣率出现回收迹象，8 月国内乘用车平均降价幅度回升 0.1%，燃 油车折扣率下行，有望改善中升控股新车业务毛利。 中升控股积极布局华为赛力斯问界品牌，已开设 36 家门店，问界品牌 市占率达 8%，在全国中心城市市占率高达 18%，是全国平均水平的两 倍，预计随着门店爬坡结束，销量和盈利将持续提升。 售后维保及精品维保业务表现稳健，每年进店量约 800 万次，上半年达 400 万次， ...

9月27日，中国证监会国际合作司于9月25日发布公告，对赛力斯集团股份有限公司（601127.SH）境外发行上市予以备 案。 根据备案通知书，赛力斯拟发行不超过3.31亿股境外上市普通股，并在香港联合交易所主板上市。 受上述消息影响，9月26日赛力斯A股股价活跃，盘中一度触及涨停，并创历史新高。截至9月26日收盘，其股价报收 于157.22元/股，股价上涨5.77%，总市值为2568亿元。 赛力斯于2016年6月在上海证券交易所A股上市。其此番境外发行上市备案，标志着该公司正式启动"A+H"双资本市场 布局，进一步拓展国际化融资渠道。 赴港上市募资拟用于海外营销渠道建设等 根据其招股书披露，该公司本次港股发行募集资金将主要用于研发投入、海外营销渠道建设、充电网络布局及一般营 运资金。 赛力斯是以新能源汽车为核心业务的技术科技型企业。该公司自1986年从弹簧、减震器业务起步，历经摩托车制造、 东风汽车合资整车制造等阶段，于2016年全面转向新能源汽车领域。2021年问界品牌的发布，确立了"智慧重塑豪 华"的品牌定位，目前该公司年产能已达约60万辆。 据其财报显示，2025年上半年，该公司实现营业收入624.02 ...

房增强以《工业绿色低碳政策研究及绿色供应链管理工作实践》为主题解读了绿色供应链政策。他指 出，"十三五"以来工信部以构建绿色供应链等"四个绿色"为牵引，全面推动产业绿色低碳转型，旨在全 面提高资源利用效率与发展质量，加快发展方式绿色转型。 在国家"双碳"战略全面深化、全球可持续发展迈向新阶段的时代背景下，新能源汽车产业作为实现绿色 发展的关键力量，正迎来新的使命与机遇。9月26日，"赛链同行 碳索新篇"赛力斯可持续发展论坛 (2025)暨绿色产业链战略发布会在重庆举行。本次活动旨在展示赛力斯以ESG战略驱动可持续发展的成 果，推动构建多方共信的绿色价值生态。 赛力斯集团轮值总裁张正萍，工业和信息化部国际经济技术合作中心副研究员房增强，以及赛力斯供应 链伙伴、研究机构代表共同出席了论坛。 张正萍在致辞中强调，赛力斯将可持续发展作为企业基因，积极响应国家"双碳"目标，将ESG理念深度 融入发展战略。他分享了赛力斯在碳管理数字化平台、技术、产品、绿色制造等方面的实践，其中特别 提到了问界纯电行驶占比高达70%，这一数据表明多数用户日常选择经济又环保的出行方式。同时，他 也提出公司将以"2045年生产运营碳中和、全价 ...

示，碳足迹管理是"碳中和"落地的关键，供应链碳管理则是车企碳足迹管理的核心。未来，赛力斯将持 续推动汽车低碳变革，提升ESG治理水平，并积极打造绿色产业链，为实现国家"双碳"目标贡献自己的 力量。 在国家"双碳"战略全面深化、全球可持续发展迈向新阶段的时代背景下，新能源汽车产业作为实现绿色 发展的关键力量，正迎来新的使命与机遇。9月26日，"赛链同行 碳索新篇"赛力斯可持续发展论坛 (2025)暨绿色产业链战略发布会在重庆举行。本次活动旨在展示赛力斯以ESG战略驱动可持续发展的成 果，推动构建多方共信的绿色价值生态。 赛力斯集团轮值总裁张正萍，工业和信息化部国际经济技术合作中心副研究员房增强，以及赛力斯供应 链伙伴、研究机构代表共同出席了论坛。 张正萍在致辞中强调，赛力斯将可持续发展作为企业基因，积极响应国家"双碳"目标，将ESG理念深度 融入发展战略。他分享了赛力斯在碳管理数字化平台、技术、产品、绿色制造等方面的实践，其中特别 提到了问界纯电行驶占比高达70%，这一数据表明多数用户日常选择经济又环保的出行方式。同时，他 也提出公司将以"2045年生产运营碳中和、全价值链条近零排放"为目标，从设计、供应链、制 ...