嘉陵江、长江交汇处以北，一片1360平方公里的热土上，一个"国家级新区+行政区"正拔节生长。 1月25日，重庆市两江新区正式挂牌，开启发展新篇章。 站在新起点上的两江新区，立足融合发展新优势，统筹推进科技创新、改革开放、超大城市治理 等，努力为重庆乃至西部地区高质量发展，不断注入新动能。 1月2日，重庆两江新区一商场内，休息区坐满了前来购物的市民。新华社记者 陈诚 摄 集聚高端资源为培育新质生产力提供了坚实基础，也持续增强了区域创新策源功能。 全国首张L3自动驾驶牌照正式启用，新央企中国长安汽车集团落子布局，助力智能网联新能源汽 车产业提质升级；明月湖实验室与超威集团共同成立镁电池研发制造公司，着手探索汽车轻量化领域合 作；赛力斯、千里科技、京东方、OPPO、传音、海尔等龙头领军企业扎根壮大…… 北斗智联科技有限公司重庆公司总经理王颖说，在创新生态带动下，企业技术创新能力和产业化水 平实现跨越式提升，获得发明专利300余项，每年研发投入占比超过10％。 创新要素聚合，新质生产力更澎湃 走进长安汽车数智工厂，800余台智能化设备、1400余个机器人协同作业，一台台阿维塔新能源汽 车陆续下线。同在两江新区内，11 ...

1月25日，重庆市两江新区正式挂牌，开启发展新篇章。 站在新起点上的两江新区，立足融合发展新优势，统筹推进科技创新、改革开放、超大城市治理 等，努力为重庆乃至西部地区高质量发展，不断注入新动能。 嘉陵江、长江交汇处以北，一片1360平方公里的热土上，一个"国家级新区+行政区"正拔节生长。 创新要素聚合，新质生产力更澎湃 走进长安汽车数智工厂，800余台智能化设备、1400余个机器人协同作业，一台台阿维塔新能源汽 车陆续下线。同在两江新区内，114家汽车零部件公司运转不息，为阿维塔的生产赋能……高度智能 化、协同化的产业体系，正是两江新区优势叠加的缩影。 两江新区科技局党组书记向悦文表示，新区正与高校共建"研究院＋科创园＋产业园"，引育优质孵 化载体超100家，服务在孵企业超3900家。 枢纽功能优化，打造内陆开放门户 "当时的港口只有一条便道、一艘浮吊船，连堆场都没有，尘土飞扬，每年只发送少量内贸货 物。"站在果园港码头，重庆果园港埠有限公司副总经理刘炼回忆说。 现在的果园港，已远超人们想象——年吞吐量超2600万吨，可通达全球100多个国家和地区的300多 个港口，已成为西部地区联通全球的"中转站"。 中欧 ...

Core Viewpoint - The automotive industry is experiencing moderate growth, with domestic brands gaining market share due to their early advantages in electric and intelligent technologies, putting pressure on joint venture brands [1] Group 1: Company Strategy - Changan Automobile is set to become the third automotive central enterprise by 2025, accelerating its transformation into a smart low-carbon mobility technology company [1] - The company has established a three-brand matrix for new energy vehicles, covering mainstream, technology, and high-end markets with its brands Qiyuan, Deep Blue, and Avita [1] - Through the "Shangri-La" plan, the company aims to break through key technologies in the three-electric field to create a dedicated platform for new energy vehicles [1] Group 2: Technological Advancements - The "Beidou Tianshu" plan is being implemented to promote the landing of key intelligent solutions in areas such as intelligent driving, cabin technology, and computing architecture [1] - The company has received a conditional approval for L3-level autonomous driving, gradually establishing a leading advantage in intelligence [1] - The first vehicle-mounted component robot was officially launched in Q1 2026, along with the unveiling of a humanoid robot prototype, validating the company's technological and commercialization capabilities in the embodied intelligence sector [1] Group 3: Market Expansion - The "Hainan Baichuan" plan is being executed for global expansion [1] - The company aims to achieve a production and sales scale of 5 million units by 2030 [1] - New model orders and delivery performance for Qiyuan, Deep Blue, and Avita continue to exceed expectations [1]

Group 1 - The company is expected to achieve net profits attributable to the parent company of 4.66 billion, 7.32 billion, and 8.67 billion yuan for 2025-2027, corresponding to PE ratios of 24.6, 15.6, and 13.2 times [1] - The automotive industry is experiencing moderate growth, with domestic brands increasing market share due to early advantages in electric intelligence, putting pressure on joint venture brands [1] - The company aims to transform into a smart low-carbon mobility technology company, with plans to produce and sell 5 million vehicles by 2030 [1] Group 2 - The company has been restructured into an independent central enterprise group, which will enhance resource integration, collaboration, and decision-making efficiency, leading to long-term hidden value [2] - The new energy brands are expected to achieve rapid sales growth and improved profitability due to the new vehicle cycle [2] - The company is collaborating with Huawei in the fields of intelligent driving and cockpit technology, and is also planning for humanoid robots and flying cars, which may expand its valuation framework [2] Group 3 - Revenue growth is projected at approximately 5.2%, 8.1%, and 11.9% year-on-year for total revenue from 2025-2027, with vehicle revenue growth at about 5.0%, 8.0%, and 12.0% [2] - The comprehensive gross margin is expected to improve to around 14.2%, 14.8%, and 15.4% from 2025-2027 due to increased sales volume of new energy brands [2] - Key catalysts include the continued strong performance of new model orders and deliveries, the acquisition of L3-level conditional autonomous driving approval, and the launch of the first vehicle-mounted component robot [2]