Core Insights - The 28th Chengdu International Auto Show opened amid heavy rain, with a noticeable decline in attendance and participation from luxury brands, indicating challenges in the market [1][4][16] - Traditional luxury brands in China are facing significant challenges, with Porsche's sales in the first half of 2025 dropping by 28% compared to the same period in 2024, and a staggering 42% decline in Q1 deliveries [4][16] - The reduction in the luxury car consumption tax threshold has further impacted high-end brands, particularly affecting brands like Porsche that rely on volume sales [4][16] Luxury Brands' Absence - The absence of luxury brands such as Porsche, Ferrari, and Lamborghini at the auto show highlights the severe challenges they face in the Chinese market [4][16] - Porsche's CEO acknowledged that the decline in sales is due to a slowdown in electrification and supply chain issues, prompting a strategic shift from expansion to focusing on profitability [4][16] Domestic Brands' Resilience - In contrast to the luxury brands, domestic and some joint venture brands are actively seeking breakthroughs through technological innovation and product upgrades [5][16] - Chery showcased 31 significant models, emphasizing its strong product lineup and technological capabilities, with the highlight being the Wind Cloud X3L [7] - BYD occupied an entire exhibition hall, presenting 16 new and upgraded models across various segments, showcasing its ambition in the market [9][16] Joint Ventures and Collaborations - The German automotive giants are adapting through local collaborations, with Audi partnering with Huawei and BMW deepening its AI strategy with Alibaba [5][13] - Buick's introduction of its high-end new energy sub-brand "Zhijing" marks a significant transformation, aiming to regain market share after previous declines [11][16] Market Dynamics and Consumer Sentiment - Despite the technological advancements, the auto show revealed a sense of "involution," with many brands focusing on similar features, leading to consumer fatigue [14][16] - The market share of domestic brands reached 68.6% in the first seven months of the year, reflecting a 24.4% year-on-year growth, but concerns about technological homogenization persist [14][16] Conclusion - The contrasting performances of absent luxury brands and the strong presence of domestic brands at the Chengdu Auto Show reflect the ongoing transformation in the Chinese automotive industry, characterized by market competition, strategic shifts, and evolving consumer preferences [16]

Group 1 - Chery's Fengyun X3L has been launched for pre-sale at a price range of 129,900 to 169,900 yuan, featuring a "high-energy fashionable outdoor box" design with dimensions of 4545/1950/1815mm and a wheelbase of 2783mm [1] - The Fengyun X3L is powered by Chery's Kunpeng Golden Range Extender CEM-S system, achieving a thermal efficiency of 45.79% and an oil-electric conversion efficiency of 3.71 kWh/L, with a pure electric range of 215 km and a total range exceeding 1200 km [1] - The Fengyun T11, a large six-seat flagship SUV, measures 5205*1998*1800mm with a wheelbase of 3120mm and features the Chery "Falcon 700" driving assistance system, covering over 2000 driving scenarios [3] Group 2 - As of August 29, the Fengyun T11 has received over 12,000 blind orders, indicating strong market interest [3]

奇瑞风云旗下A9L、A8L、T9等车型全线亮相，展现奇瑞在新能源领域的技术与战略布局。其中，奇瑞 风云六座旗舰SUV T11全新亮相，主打"家庭大六座百万豪华体验平权"。风云X3L迎来车展首秀并同步 开启预售，该款车型基于奇瑞鲲鹏黄金增程CEM-S技术打造，定位"高能时尚户外方盒子"。 21世纪经济报道见习记者何煦阳报道 8月29日，第二十八届成都国际汽车展览会拉开帷幕，奇瑞集团携旗下奇瑞、星途、捷途、iCAR品牌参 展，共亮相包括风云T11、星途ET5、纵横G700在内的31款车型。 捷途纵横携G700、G700环塔版、G700环塔赛事版、G700顶火版亮相成都车展，并开启G700盲订，首 发G700环塔版。捷途纵横目前已与新华社"可可西里科考项目"达成战略签约，G700已成为新华社"可可 西里无人区特别策划"活动唯一指定用车。 今年1-7月，奇瑞集团累计销量达148.45万辆，同比增长14.5%，并成为中国首个出口量突破500万辆的 汽车品牌。奇瑞汽车股份有限公司执行副总裁李学用表示，这次成都车展，奇瑞将全能源发力，混动、 增程、纯电三线并举，向全球来宾展现奇瑞的最新技术成果，和持续更新迭代的产品矩阵。 ...

Group 1 - Chery showcased 31 models across four brands at the 2025 Chengdu International Auto Show, including the pre-sale of the Fengyun X3L priced between 129,900 to 169,900 yuan, featuring a pure electric range of 215 km and a comprehensive range exceeding 1200 km [1][3] - The Jietu brand introduced the Jietu Shanhai L7 PLUS, equipped with a 1.5TGDI hybrid engine, offering a pure electric range of 220 km and a comprehensive range of 1700 km, focusing on the "Travel+" niche market [1] - The Jietu Zongheng brand targets the luxury off-road segment with the launch of the Zongheng G700, featuring the Kunpeng Super Hybrid CDM-O and three locking differentials to enhance off-road capabilities, with an expected price range of 400,000 to 500,000 yuan [1] Group 2 - Chery submitted a new listing application to the Hong Kong Stock Exchange on August 29, after a previous application expired due to a lack of hearing within six months [3] - The China Securities Regulatory Commission approved Chery's plan for overseas issuance and the full circulation of unlisted domestic shares, allowing the issuance of up to 699 million overseas ordinary shares for listing on the Hong Kong Stock Exchange [3] - A source close to Chery indicated that the IPO process is progressing smoothly, with the recent approval marking a significant step forward [3]

Core Viewpoint - Chery Group showcased 31 models at the Chengdu International Auto Show, emphasizing its commitment to technology and innovation under the theme "Chinese Cars, Global Champions" [1][15] Group 1: Product Showcase - Chery presented 17 models under its brand, including the new large SUV Fengyun T11 and the stylish Fengyun X3L, which has begun pre-sales [1][2] - The Fengyun X3L features luxury brand technologies and aims to redefine the standard for range-extended vehicles with a pure electric range of 215 kilometers and a total range exceeding 1200 kilometers [4] - The Fengyun T11 is positioned as an affordable luxury SUV with a focus on safety, space, and intelligence, featuring 11 airbags and a spacious interior [6] Group 2: Technological Advancements - Chery is investing in multiple energy technologies, including hybrid, range-extended, and pure electric systems, showcasing its advancements at the auto show [8] - The company introduced its Super Golden Range-Extended Platform and Kunpeng Tianheng System, highlighting its commitment to innovation [8][11] Group 3: Safety Standards - Safety is a primary principle for Chery, which aims to redefine industry standards through high-strength body structures and comprehensive safety technologies [11] - The company showcased its high-strength body structure at the auto show, reflecting its dedication to enhancing automotive safety [11] Group 4: User Engagement and Experience - Chery created an immersive experience at the auto show, integrating technology, culture, and comfort, which attracted significant visitor interest [13] - The company launched the QQ co-creation competition to gather user ideas for personalized vehicles, reinforcing its user-centric brand philosophy [13]

Group 1: New Car Launches - Xiangjie S9T has a pre-sale price starting at 328,000 yuan, featuring six models and a design inspired by cosmic aesthetics [2][4] - Dongfeng Nissan's new Teana PLUS has been unveiled with an upgraded exterior and interior, featuring a new front grille design and a rear light strip [5][7] - BMW Group announced its lineup for the 2025 Chengdu Auto Show, including nine models from the M family and the new MINI family [8][10] Group 2: Performance and Specifications - The Xiangjie S9T offers a range of up to 1,305 km with a hybrid system and 801 km with a pure electric version [4] - The new Teana PLUS will continue to use the 2.0T VC-Turbo engine, producing 243 horsepower and 371 Nm of torque [7] - The new BMW M2 CS features a 3.0T twin-turbo inline-six engine with a maximum power of 530 horsepower and 479 Nm of torque [10] Group 3: Financial Performance - Leap Motor reported a revenue of 24.25 billion yuan for the first half of 2025, a year-on-year increase of 174%, with a net profit of 30 million yuan [11] - XPeng Motors delivered 103,181 vehicles in Q2 2025, a year-on-year increase of 241.6%, with revenue reaching 18.27 billion yuan [14] - NIO's new ES8 is available for pre-sale starting at 308,800 yuan, with a large SUV design and advanced technology features [21][23]