会上，华为乾崑与广汽集团联合发布的高端智能新能源品牌"启境"首次公开产品节奏：2026年年中上市，全栈搭载ADS 4；东风与华为合作的"奕 境"也正式发布，首款产品将于明年北京车展亮相。随着两个新品牌亮相，舆论场关于华为汽车业务"内斗"的猜想再度泛起。一边是终端业务主导、已形 成"五界"矩阵的鸿蒙智行；一边是车BU牵头、联合主流车企打造的"境"系列品牌。两者看似覆盖相似市场，实则在"不造车"战略红线指引下，构成差异 化互补的生态布局。 自2019年入局以来，华为以"帮助车企造好车"为初心，推出鸿蒙座舱、乾崑智驾两大技术品牌，从零部件供应到全栈解决方案，逐步构建起横跨技 术、商业、产业的庞大体系。"境"系列品牌的发布并非简单复制，而是根据行业阶段与车企需求变化做出的战略延伸。在智能网联汽车从"小众尝 鲜"向"全民普及"跨越的关键节点，厘清"境"与"界"的关系、解析华为乾崑的产业链价值、洞察其生态影响，这不仅关乎华为乾崑自身战略的清晰表达， 更关乎中国汽车产业智能化进程的健康推进。 "华为不造车，帮助车企造好车。"11月20日，在广州举办的华为乾崑生态大会上，华为智能汽车解决方案BU CEO靳玉志再次重复这句承诺 ...

Core Insights - The automotive industry is projected to see sales of approximately 2.857 million vehicles by August 2025, reflecting a month-on-month growth of 10.1% and a year-on-year growth of 16.4%, with new energy vehicle sales expected to reach about 1.395 million units, capturing a market share of 48.8% [1] - Continuous supportive policies for automotive consumption, combined with the upward trend in new energy vehicle sales, indicate robust industry demand growth [1] - The CEO of Huawei's Intelligent Automotive Solutions Business Unit has introduced the concept of "three waves" in the automotive industry, predicting that 2025 will mark the entry into the intelligent phase, with the ADS 4 system debuting L3 technology architecture for high-speed commercial solutions [1] - The price of battery-grade lithium carbonate remains stable at 73,550 yuan per ton, while copper prices have increased by 5% to 86,780 yuan per ton [1] Industry Overview - The Smart Automotive ETF (159889) tracks the CS Smart Automotive Index (930721), which selects listed companies involved in smart driving and vehicle networking technologies from the A-share market, covering the entire industry chain from hardware to software [1] - The index aims to reflect the overall performance and development trends of listed companies related to smart automobiles [1]

Core Insights - Huawei's intelligent driving solution, QianKun, has become a trusted brand among users, achieving significant milestones in assisted driving and parking capabilities [2][3] - The automotive industry is transitioning towards an era of embodied intelligence, characterized by three waves: electrification, intelligence, and automation [3] Group 1: QianKun Achievements - QianKun has accumulated a total assisted driving mileage of 5 billion kilometers and has performed parking assistance 280 million times, preventing 2.71 million potential collisions [2] - The average monthly assisted driving mileage per user is 727 kilometers, with over 50% of urban driving time and an average of more than 36 smart parking instances per month [2] - The QianKun system is now installed in over 1 million vehicles, with 28 cooperative models across various brands, including AITO, Deep Blue, and Audi [2] Group 2: Industry Trends - The first wave of the automotive industry is electrification (2015-2022), which significantly reduces travel costs by replacing fuel with electricity [3] - The second wave is the intelligence wave (2022-2027), where algorithms will replace drivers, enhancing safety and user experience while reducing accident risks [3] - The third wave, starting in 2027, will focus on automation, redefining safety and experience standards, and improving transportation efficiency [3] Group 3: Technological Development Path - By 2025, Huawei aims to launch the ADS 4 system, targeting L3 technology for commercial solutions, with capabilities for L3 pilot commercial use on highways and L4 testing in urban areas [3] - In 2026, the goal is to achieve large-scale commercial use of L3 on highways and pilot commercial use of L4 in urban settings, subject to regulatory approval [3] - By 2027, L3 is expected to scale up, and L4 will enter commercial stages, paving the way for the emergence of Robotaxi and logistics solutions [3]