Core Insights - Huawei's partnership with various automotive manufacturers, including GAC Group and Dongfeng, marks a significant step in the development of smart connected vehicles, with over 1 million active users of Huawei's smart driving technology [1] - The penetration rate of smart vehicle technology in China has reached 50% in just five years, indicating rapid advancement in the industry [1] - The Chinese government emphasizes the importance of developing new energy vehicles as a pathway to becoming a strong automotive nation [1] Group 1: Technological Advancements - The Wuhu Zhijie Super Factory, a collaboration between Huawei and Chery, features 100% automation in welding and painting processes, showcasing the integration of AI in production [2] - Huawei's technology enhances driving experiences by optimizing features such as urban traffic congestion management and pedestrian recognition [2] - Huawei has established five major business segments in the smart automotive sector, focusing on core technologies like smart driving and vehicle control systems [3] Group 2: Successful Collaborations - The partnership between Huawei and Seres has led to the development of the "Wenjie" model, which has achieved significant market recognition and financial success, with projected revenues of 145.1 billion yuan in 2024, a 305.5% increase year-on-year [4] - Huawei's collaboration with Seres demonstrates the potential for traditional automakers to leverage Huawei's software and technology capabilities to enhance their manufacturing processes [4] - The "Hongmeng Zhixing" series of vehicles, including models across various price ranges, has achieved over 1 million units delivered, setting a record for new automotive brands [5] Group 3: Industry Impact - The launch of the first fuel vehicle equipped with Huawei's smart driving technology signifies a breakthrough in integrating advanced technology into traditional automotive designs [6] - Huawei's partnerships have led to the transformation of over 221 component manufacturers across multiple provinces, indicating a broad impact on the supply chain [6] - The collaboration with various automotive companies positions Huawei as a key player in driving the smart transformation of the Chinese automotive industry [7]

证券日报网讯 1月16日，上汽集团（600104）在互动平台回答投资者提问时表示，尚界是上汽与华为的 合作项目，2025年2月，上汽集团与华为终端有限公司签署深度合作协议，双方在产品定义、生产制 造、供应链管理、销售服务等领域展开战略合作，打造全新新能源智能汽车，共同为用户带来领先的智 能化出行体验。华境是上汽通用五菱汽车有限公司的品牌，即宝骏华境，其产品将集成上汽通用五菱最 新科技成果，同时融合华为乾崑智驾、鸿蒙座舱、乾崑车云等，为用户带来更智能、安全的出行体验。 ...

Core Viewpoint - Huawei's Executive Director Yu Chengdong expressed strong dissatisfaction with the development of the HarmonyOS cockpit, criticizing its lack of intelligent features and calling it merely a "function cockpit" rather than a smart one [1][2]. Group 1: Criticism of HarmonyOS Cockpit - Yu Chengdong highlighted two main issues: the system fails to provide timely alerts for low tire pressure, which can lead to increased energy consumption, and it unnecessarily prompts users to open windows for ventilation while driving at high speeds, which is impractical and increases energy consumption [2][4]. - The current system is described as lacking proactive intelligent reminders, with Yu stating, "We have no qualification to call it HarmonyOS smart cockpit" [1][2]. Group 2: User Experience Issues - Users have reported significant problems with the touch response of the HarmonyOS cockpit, including screen lag and poor usability, particularly when trying to access information while driving [5][7]. - Some users noted that the voice assistant, "Xiao Yi," is not always responsive, leading to incorrect commands being executed [7]. Group 3: Historical Context and Development Challenges - The HarmonyOS cockpit previously gained attention for its innovative features, such as seamless unlocking with various devices and advanced voice command capabilities, but development has slowed due to resource allocation towards the native HarmonyOS system [9]. - Yu Chengdong acknowledged that while Huawei once led the smart cockpit industry, the focus on the HarmonyOS native system has hindered innovation speed in recent years [9]. Group 4: Future Prospects - Despite current challenges, there is optimism for improvements, as Yu Chengdong recently visited GAC Group to sign a cooperation agreement aimed at better integrating the intelligent assistant into the cockpit for a smarter next-generation experience [9].

他举例，比如胎压偏低，导致能耗很高，也不智能友好提醒，只有当胎压过低了以后才提醒，"非常非 常愚蠢"。 来源：新浪网 新浪科技讯 1月16日下午消息，近日有媒体报道称，华为常务董事、终端BG董事长余承东在内部工作 群中怒批鸿蒙座舱。 此外，他还批评鸿蒙座舱存在"不该提醒的瞎提醒"问题。比如提醒开窗通风，他表示，空调都有外循环 能力，不需要开窗通风，并且高速行驶时开窗通风嗓音会大得一塌糊涂，还会导致车内容易脏、能耗提 高。"这是什么时代的车还需要开窗通风？" 网传的截图显示，余承东在工作群中表示，"我对我们鸿蒙座舱与车里设备的各种智能提醒都不具备， 表示很大的意见！我们没有资格叫鸿蒙智能座舱，而应该叫鸿蒙功能座舱，仅支持有限的少数功能。" ...

Core Viewpoint - Huawei's Executive Director and Chairman of the Terminal BG, Yu Chengdong, has expressed strong dissatisfaction with the capabilities of the HarmonyOS cockpit, criticizing it for lacking essential smart reminders and suggesting it should be referred to as a "function cockpit" instead of an "intelligent cockpit" due to its limited functionalities [1][2]. Group 1 - Yu Chengdong criticized the HarmonyOS cockpit for not providing timely reminders for low tire pressure, which can lead to increased energy consumption, stating that it only alerts users when the pressure is critically low, calling this "very foolish" [1][2]. - He highlighted the issue of unnecessary reminders, such as suggesting to open windows for ventilation, arguing that modern vehicles equipped with air conditioning systems do not require this feature, especially at high speeds where it can create excessive noise and increase energy consumption [2][3]. - Yu Chengdong's comments indicate a need for significant improvements in the HarmonyOS cockpit's functionality to meet modern automotive standards [1][2].

Core Viewpoint - The article contrasts the leadership styles of two entrepreneurs, Jia Guolong of Xibei and Yu Chengdong of Huawei, highlighting how their approaches to crisis management and public communication differ significantly, leading to different public perceptions and outcomes for their companies. Group 1: Xibei's Challenges - Xibei's chairman Jia Guolong confirmed the closure of 102 stores, representing 30% of its total, with a reported 50% year-on-year decline in business by January 2026 [1][5] - Jia's response to the crisis has been to defend his long-time collaborator, Hua Shan, rather than reflect on the company's operational issues, which has drawn public criticism [1][6] - The departure of Xibei's public relations vice president, Song Xuan, exacerbates the company's public relations crisis, indicating internal discord regarding crisis management strategies [2][7] Group 2: Huawei's Approach - Yu Chengdong's internal criticism of Huawei's product development, particularly regarding the HarmonyOS cockpit, was met with public understanding and appreciation, showcasing a commitment to product quality [2][8] - Yu's direct and specific feedback on product issues signals a strong internal focus on user experience, contrasting with Jia's external blame [8][9] - This approach has reinforced Yu's image as a dedicated product leader, enhancing public trust in Huawei's commitment to quality [15][16] Group 3: Leadership Styles - Jia Guolong's leadership reflects a traditional entrepreneur mindset, prioritizing personal relationships and loyalty over accountability to consumers [17] - In contrast, Yu Chengdong embodies a modern, product-focused leadership style that emphasizes user experience and internal accountability [17] - The article suggests that Jia's failure to adapt to the current business environment, where consumer expectations are high and information spreads rapidly, has led to significant operational challenges for Xibei [17][18] Group 4: Marketing vs. Product Focus - The article argues that Jia Guolong has become trapped in a marketing-driven approach, neglecting the fundamental product value that consumers expect [10][12] - In contrast, Yu Chengdong's focus on product excellence has positioned Huawei favorably in the market, demonstrating the importance of prioritizing product quality over marketing hype [10][11] - The disparity in their approaches highlights a critical lesson for businesses: when product quality falters, no amount of marketing can compensate for consumer dissatisfaction [12][13]

Core Viewpoint - The automotive industry is expected to undergo significant upgrades driven by the current wave of technology represented by AI, with opportunities for investment emerging in various segments of the industry by 2026 [1] Group 1: Automotive Sector Insights - The complete vehicle segment is anticipated to see accelerated advancements in high-level assisted driving and robotics, potentially leading to a new valuation anchor and a valuation reconstruction [1] - The robotics sector is moving towards large-scale production, with investment opportunities in the industry shifting from a dispersed to a concentrated approach [1] - The components sector is accelerating its global capacity layout and expanding its second growth curve [1] - The two-wheeler segment continues to trend towards international markets, with significant growth potential overseas [1] Group 2: Policy and Market Dynamics - Nine departments have issued a notice to promote green consumption, which includes supporting consumers in purchasing new energy vehicles and strengthening the automotive supply chain, while exploring the potential of the "aftermarket" such as used cars and car rentals [1] - GAC Group has signed a comprehensive cooperation framework agreement with Huawei, aiming to deepen collaboration on HarmonyOS cockpit and other projects [1] Group 3: Investment Products - The Smart Car ETF (159889) tracks the CS Smart Car Index (930721), which selects listed companies in the smart automotive sector from the Shanghai and Shenzhen markets, reflecting the overall performance of these companies [1] - The index includes companies from various industries such as electronics, computers, and automotive, with a focus on information technology and discretionary consumer sectors, showcasing the comprehensive characteristics of the smart automotive supply chain [1]

Core Viewpoint - The article emphasizes that in the high-end electric vehicle market, the focus should be on delivery and service quality rather than just sales volume, highlighting the importance of a stable operational system, supply chain resilience, and consistent manufacturing quality [4][6]. Group 1: Sales Milestones - The delivery of the 270,000th Wanjie M9 marks a significant milestone as it is also the 1,000,000th vehicle for the Wanjie brand, indicating a transition from growth to maturity for the company [6]. - Wanjie M9 has achieved remarkable sales, leading the market in the 500,000 yuan segment and capturing 70% of the sales in the over 500,000 yuan electric vehicle market [6][9]. - The growth trajectory of Wanjie is notable, with deliveries increasing from 76,200 units in 2022 to 944,000 units in 2023, and projected to exceed 420,000 units in 2025 [9]. Group 2: Product and Service Strategy - Wanjie has successfully launched multiple models, including the Wanjie M9, M8, and M7, creating a comprehensive product matrix that caters to various market segments [10]. - The company has established a smart service system with 375 user centers across 214 cities, enhancing customer experience through proactive service measures [10][11]. - Wanjie's approach combines product precision with comprehensive service coverage, resulting in a complete value loop that supports its rapid growth [11]. Group 3: Brand Positioning and Market Strategy - The Wanjie M9 has redefined the value logic in the high-end market by focusing on technological advancements rather than merely luxury branding [14]. - The vehicle features advanced technology, including Huawei's ADS 4 driving assistance system and a customizable interior layout, catering to diverse user needs [14][15]. - Wanjie has achieved high brand recognition and trust through strategic marketing initiatives, including collaborations with national platforms and cultural events [19][22]. Group 4: Manufacturing and Innovation - The production capabilities of Wanjie are supported by the Sairis Super Factory, which adheres to Industry 4.0 standards, ensuring high-quality and efficient manufacturing processes [17]. - The factory's automation and AI technologies enable consistent quality control and rapid response to market demands, addressing common challenges faced by new entrants in the automotive industry [17]. - Wanjie's integrated approach to technology, manufacturing, and branding has established a robust competitive advantage, positioning the company for sustained growth in the evolving automotive landscape [22].

Group 1 - The core message highlights the significant milestones achieved by Chinese electric vehicle manufacturers, with NIO producing its one-millionth vehicle, symbolizing a dual breakthrough in scale and brand for the industry [1] - The emergence of new energy vehicle companies like NIO, Li Auto, and Xpeng has redefined the automotive industry in China, moving away from traditional fuel vehicles to electric and intelligent models, thus reshaping business models and user relationships [2] - The collaboration between Huawei and JAC Motors to create the high-end vehicle, the Zunji S800, signifies a shift in the automotive industry towards high-end pricing and advanced technology integration, marking a new phase in China's automotive evolution [2] Group 2 - Data from the China Association of Automobile Manufacturers indicates strong performance in the new energy vehicle sector, with production and sales reaching 14.907 million and 14.78 million units respectively from January to November 2025, reflecting year-on-year growth of 31.4% and 31.2% [3] - The Chinese new energy vehicle industry is transitioning from survival to value creation, indicating a maturation phase as brands aim for global competitiveness [3]

Core Insights - Lantu Automotive's chairman, Lu Fang, showcased a video of the Lantu Taishan featuring L3-level assisted driving, raising industry speculation about its capabilities [1] - The recent strategic partnership with Huawei is expected to enhance Lantu's position in the L3 autonomous driving sector [1] - Lantu Taishan aims to be the first mass-produced SUV with L3-level capabilities, supported by a robust safety redundancy design [1] Group 1 - Lantu Taishan's delivery of 5,000 units occurred just 26 days after its official launch on November 18, 2025, indicating strong market demand [2] - The vehicle features advanced technologies such as a three-chamber air suspension and a dual-direction 16° rear-wheel steering system, positioning it competitively in the high-end SUV market [2] - The Taishan Ultra model will utilize Huawei's advanced ADS 4 four-laser solution, promising a top-tier intelligent driving experience with L3-level capabilities [2] Group 2 - The testing phase for the Taishan Ultra is in its final verification stage, accelerating its mass production process [2] - With the ongoing development of L3-level autonomous driving regulations, Lantu Taishan is poised to leverage its technological readiness and rapid production capabilities to gain a competitive edge in the luxury automotive market [2]