车型概览

Honda Step WGN 值不值得买，关键不是它看起来有多吸引，而是它能不能解决你的真实用车需求。这篇文章会把重点放在长期相处时会不会带来额外压力。

版本方面，Honda Step WGN 目前可围绕 2022 1.5T Standard 来比较。

购车价格指南

评估 Honda Step WGN 的购车预算时，建议先从版本定位和后续拥车成本下手。价格不是唯一重点，真正决定是否划算的是每天会不会用到那些配置。

如果你在几个版本之间犹豫，可以把 2022 1.5T Standard 放在同一张清单里比较。日常通勤买家优先看舒适与安全，常跑高速的买家则更应重视动力、辅助驾驶和座舱便利。

核心参数汇总

看 Honda Step WGN 的核心规格，最重要是把数字翻译成生活里的感受。

涡轮增压、4缸的动力底子，适合拿来判断市区跟车和高速巡航是否轻松。 112 kW、203 N·m的输出，真正意义在于满载、上坡和超车时不会太吃力。 车长 4760 mm、车宽 1695 mm、车高 1825 mm、轴距 2890 mm，可以帮助你预判停车难度和后排乘坐空间。 CVT 变速箱、前轮驱动布局 的设定，会影响起步顺滑度、湿地稳定感和长途巡航感。

优缺点分析

Honda Step WGN 的优点不必夸张，真正有价值的是它能不能让日常使用更省心：动力输出能支撑高速和超车需求、空间和车身尺寸便于家庭买家预判实用性。

需要留意的是，市区停车和狭窄路段仍要看个人驾驶习惯。这些不是扣分项，而是下订前应该先想清楚的生活细节。

购车常见问题解答

购买 Honda Step WGN 前，买家最常问的不是单一规格，而是它能不能融入自己的生活。

这辆车适合谁？适合把长期相处时会不会带来额外压力放在首位的买家。 家庭用户要看什么？优先看后排乘坐、儿童座椅、行李和日常上下车是否顺手。 每天开会不会麻烦？如果能源成本、停车便利和版本配置都符合你的生活节奏，它会比较容易相处。

竞品对比内容

把 Honda Step WGN 放进同级车名单时，不建议只看品牌或外形。真正有用的比较顺序是：再看动力是否足够应付高速和满载、最后看空间是否适合家人和行李。

这样筛选出来的结果更贴近日常生活。你会更清楚它是适合城市通勤、家庭代步、长途巡航，还是更适合作为一辆讲求个性的选择。

用车全周期指南

拥有 Honda Step WGN 的重点，是确认保险、路税、保养和轮胎成本都在可接受范围内。买车不是一次付款结束，而是每天都要相处。

如果你常跑南北大道，动力和座舱舒适度会比单纯低价更重要；如果主要在市区，停车灵活性、视野和低速顺滑度会更影响心情。

车型概览

Ford Ranger 值不值得买，关键不是它看起来有多吸引，而是它能不能解决你的真实用车需求。这篇文章会把重点放在版本之间的取舍。

价格落在 RM 116,838 - 273,838，买家可以先用它判断预算压力和同级定位。

购车价格指南

Ford Ranger 的购车预算可以先从 RM 116,838 - 273,838 开始衡量。这个数字真正影响的是月供、保险和现金流，而不只是展厅里的标价。

如果你在几个版本之间犹豫，可以把 2026 3.0T AT Raptor Sport Petrol（RM 273,838）、2025 3.0T AT Raptor Petrol（RM 263,888）、2025 3.0T AT WildTrak Diesel（RM 192,838）、2025 2.0T AT Platinum Diesel（RM 192,838） 放在同一张清单里比较。日常通勤买家优先看舒适与安全，常跑高速的买家则更应重视动力、辅助驾驶和座舱便利。

核心参数汇总

看 Ford Ranger 的核心规格，最重要是把数字翻译成生活里的感受。

涡轮增压、4缸的动力底子，适合拿来判断市区跟车和高速巡航是否轻松。 397 Ps、583 N·m的输出，真正意义在于满载、上坡和超车时不会太吃力。 车长 5381 mm、车宽 2028 mm、车高 1922 mm、轴距 3270 mm，可以帮助你预判停车难度和后排乘坐空间。 自动变速箱 变速箱、四轮驱动布局 的设定，会影响起步顺滑度、湿地稳定感和长途巡航感。

优缺点分析

Ford Ranger 的优点不必夸张，真正有价值的是它能不能让日常使用更省心：预算位置清楚，方便和同级车直接比较、动力输出能支撑高速和超车需求、空间和车身尺寸便于家庭买家预判实用性。

需要留意的是，市区停车和狭窄路段仍要看个人驾驶习惯。这些不是扣分项，而是下订前应该先想清楚的生活细节。

购车常见问题解答

购买 Ford Ranger 前，买家最常问的不是单一规格，而是它能不能融入自己的生活。

这辆车适合谁？适合把版本之间的取舍放在首位的买家。 家庭用户要看什么？优先看后排乘坐、儿童座椅、行李和日常上下车是否顺手。 每天开会不会麻烦？如果能源成本、停车便利和版本配置都符合你的生活节奏，它会比较容易相处。

竞品对比内容

把 Ford Ranger 放进同级车名单时，不建议只看品牌或外形。真正有用的比较顺序是：先用 RM 116,838 - 273,838 锁定预算圈、再看动力是否足够应付高速和满载、最后看空间是否适合家人和行李。

这样筛选出来的结果更贴近日常生活。你会更清楚它是适合城市通勤、家庭代步、长途巡航，还是更适合作为一辆讲求个性的选择。

用车全周期指南

拥有 Ford Ranger 的重点，是确认保险、路税、保养和轮胎成本都在可接受范围内。买车不是一次付款结束，而是每天都要相处。

如果你常跑南北大道，动力和座舱舒适度会比单纯低价更重要；如果主要在市区，停车灵活性、视野和低速顺滑度会更影响心情。

车型概览

Exeed VX PHEV 值不值得买，关键不是它看起来有多吸引，而是它能不能解决你的真实用车需求。这篇文章会把重点放在它是否容易融入日常生活。

版本方面，Exeed VX PHEV 目前可围绕 2025 Standard 来比较。

购车价格指南

评估 Exeed VX PHEV 的购车预算时，建议先从版本定位和后续拥车成本下手。价格不是唯一重点，真正决定是否划算的是每天会不会用到那些配置。

如果你在几个版本之间犹豫，可以把 2025 Standard 放在同一张清单里比较。日常通勤买家优先看舒适与安全，常跑高速的买家则更应重视动力、辅助驾驶和座舱便利。

核心参数汇总

看 Exeed VX PHEV 的核心规格，最重要是把数字翻译成生活里的感受。

Exeed VX PHEV 的核心价值应回到日常场景判断：你要它负责通勤、家庭出行、长途，还是作为更有个性的选择。

优缺点分析

Exeed VX PHEV 的优点不必夸张，真正有价值的是它能不能让日常使用更省心：车型定位清楚，适合先作为同级比较对象。

需要留意的是，最终取舍会落在版本配置、保险和长期保养成本。这些不是扣分项，而是下订前应该先想清楚的生活细节。

购车常见问题解答

购买 Exeed VX PHEV 前，买家最常问的不是单一规格，而是它能不能融入自己的生活。

这辆车适合谁？适合把它是否容易融入日常生活放在首位的买家。 家庭用户要看什么？优先看后排乘坐、儿童座椅、行李和日常上下车是否顺手。 每天开会不会麻烦？如果能源成本、停车便利和版本配置都符合你的生活节奏，它会比较容易相处。

竞品对比内容

把 Exeed VX PHEV 放进同级车名单时，不建议只看品牌或外形。真正有用的比较顺序是：先从版本定位、品牌售后和日常用途开始比较。

这样筛选出来的结果更贴近日常生活。你会更清楚它是适合城市通勤、家庭代步、长途巡航，还是更适合作为一辆讲求个性的选择。

用车全周期指南

拥有 Exeed VX PHEV 的重点，是确认保险、路税、保养和轮胎成本都在可接受范围内。买车不是一次付款结束，而是每天都要相处。

如果你常跑南北大道，动力和座舱舒适度会比单纯低价更重要；如果主要在市区，停车灵活性、视野和低速顺滑度会更影响心情。

车型概览

Alfa Romeo Giulia 值不值得买，关键不是它看起来有多吸引，而是它能不能解决你的真实用车需求。这篇文章会把重点放在整体购车判断。

价格落在 RM 440,078，买家可以先用它判断预算压力和同级定位。

购车价格指南

Alfa Romeo Giulia 的购车预算可以先从 RM 440,078 开始衡量。这个数字真正影响的是月供、保险和现金流，而不只是展厅里的标价。

如果你在几个版本之间犹豫，可以把 2026 2.0T Standard（RM 440,078） 放在同一张清单里比较。日常通勤买家优先看舒适与安全，常跑高速的买家则更应重视动力、辅助驾驶和座舱便利。

核心参数汇总

看 Alfa Romeo Giulia 的核心规格，最重要是把数字翻译成生活里的感受。

涡轮增压、4缸、1995 mL 排量的动力底子，适合拿来判断市区跟车和高速巡航是否轻松。 280 Ps、400 N·m的输出，真正意义在于满载、上坡和超车时不会太吃力。 车长 4643 mm、车宽 1860 mm、车高 1436 mm、轴距 2820 mm，可以帮助你预判停车难度和后排乘坐空间。 自动变速箱 变速箱、后轮驱动布局 的设定，会影响起步顺滑度、湿地稳定感和长途巡航感。

优缺点分析

Alfa Romeo Giulia 的优点不必夸张，真正有价值的是它能不能让日常使用更省心：预算位置清楚，方便和同级车直接比较、动力输出能支撑高速和超车需求、空间和车身尺寸便于家庭买家预判实用性。

需要留意的是，市区停车和狭窄路段仍要看个人驾驶习惯。这些不是扣分项，而是下订前应该先想清楚的生活细节。

购车常见问题解答

购买 Alfa Romeo Giulia 前，买家最常问的不是单一规格，而是它能不能融入自己的生活。

这辆车适合谁？适合把整体购车判断放在首位的买家。 家庭用户要看什么？优先看后排乘坐、儿童座椅、行李和日常上下车是否顺手。 每天开会不会麻烦？如果能源成本、停车便利和版本配置都符合你的生活节奏，它会比较容易相处。

竞品对比内容

把 Alfa Romeo Giulia 放进同级车名单时，不建议只看品牌或外形。真正有用的比较顺序是：先用 RM 440,078 锁定预算圈、再看动力是否足够应付高速和满载、最后看空间是否适合家人和行李。

这样筛选出来的结果更贴近日常生活。你会更清楚它是适合城市通勤、家庭代步、长途巡航，还是更适合作为一辆讲求个性的选择。

用车全周期指南

拥有 Alfa Romeo Giulia 的重点，是确认保险、路税、保养和轮胎成本都在可接受范围内。买车不是一次付款结束，而是每天都要相处。

如果你常跑南北大道，动力和座舱舒适度会比单纯低价更重要；如果主要在市区，停车灵活性、视野和低速顺滑度会更影响心情。

车型概览

Audi Q7 值不值得买，关键不是它看起来有多吸引，而是它能不能解决你的真实用车需求。这篇文章会把重点放在油耗、加油次数和长期成本。 近期围绕这款车的讨论包括「Audi Q7 S line fr RM399,990: Local CKD, 3.0 V6」，说明它在本地买家视野里仍有关注度。

价格落在 RM 462,222，买家可以先用它判断预算压力和同级定位。

购车价格指南

Audi Q7 的购车预算可以先从 RM 462,222 开始衡量。这个数字真正影响的是月供、保险和现金流，而不只是展厅里的标价。

如果你在几个版本之间犹豫，可以把 2025 3.0T quattro S line（RM 462,222） 放在同一张清单里比较。日常通勤买家优先看舒适与安全，常跑高速的买家则更应重视动力、辅助驾驶和座舱便利。

核心参数汇总

看 Audi Q7 的核心规格，最重要是把数字翻译成生活里的感受。

涡轮增压、6缸的动力底子，适合拿来判断市区跟车和高速巡航是否轻松。 340 Ps、500 N·m的输出，真正意义在于满载、上坡和超车时不会太吃力。 9.1 L/100km的油耗，对每天通勤的人来说会直接影响加油频率。 车长 5077 mm、车宽 1970 mm、车高 1715 mm、轴距 3000 mm，可以帮助你预判停车难度和后排乘坐空间。

优缺点分析

Audi Q7 的优点不必夸张，真正有价值的是它能不能让日常使用更省心：预算位置清楚，方便和同级车直接比较、日常能源成本有明确参考、动力输出能支撑高速和超车需求。

需要留意的是，市区停车和狭窄路段仍要看个人驾驶习惯。这些不是扣分项，而是下订前应该先想清楚的生活细节。

购车常见问题解答

购买 Audi Q7 前，买家最常问的不是单一规格，而是它能不能融入自己的生活。

这辆车适合谁？适合把油耗、加油次数和长期成本放在首位的买家。 家庭用户要看什么？优先看后排乘坐、儿童座椅、行李和日常上下车是否顺手。 每天开会不会麻烦？9.1 L/100km 的油耗参考让通勤成本更容易预估。

竞品对比内容

把 Audi Q7 放进同级车名单时，不建议只看品牌或外形。真正有用的比较顺序是：先用 RM 462,222 锁定预算圈、再看动力是否足够应付高速和满载、接着比较能源成本和补能便利、最后看空间是否适合家人和行李。

这样筛选出来的结果更贴近日常生活。你会更清楚它是适合城市通勤、家庭代步、长途巡航，还是更适合作为一辆讲求个性的选择。

用车全周期指南

拥有 Audi Q7 的日常成本，最直接会反映在燃油、保险、轮胎和定期保养上。9.1 L/100km 的油耗让通勤预算更容易掌握。

如果你常跑南北大道，动力和座舱舒适度会比单纯低价更重要；如果主要在市区，停车灵活性、视野和低速顺滑度会更影响心情。

Pada 13 Jun, Pameran Automotif Antarabangsa Chongqing 2026 telah membuka tirainya secara rasmi. Changan Mazda tampil dengan ketegasan di stan pameran Dewan N8 dengan tema 'Mazda Tetap Mazda', berkumpul dengan kereta sukan legenda klasik MX-5, model tenaga baharu strategik global MAZDA EZ-6, MAZDA EZ-6 serta pelbagai model penting EZ-60 Edisi Tahun Kuda, menunjukkan hasil transformasi tenaga baharu jenama yang kaya. Di lokasi acara, bukan sahaja pelan perkongsian pengguna berbilang dinyatakan, malah promosi jualan pertengahan tahun 618 dilancarkan serentak, sebagai balas jasa ikhlas kepada pengguna ramai dan peminat jenama.

Berdasarkan piawai penyelidikan dan pembuatan global, model tenaga baharu Changan Mazda telah menerima pengiktirafan tinggi di dalam dan luar negara, berjaya menetapkan tonggak nilai tenaga baharu dalam industri. Di antaranya, MAZDA EZ-6 berjaya membawa pulang anugerah 'Kereta Reka Bentuk Tahunan Dunia 2026', menjadi model tenaga baharu pertama di dalam negara yang merangkul anugerah berat antarabangsa tersebut; MAZDA EZ-6 menunjukkan prestasi yang sama cemerlang, merupakan model SUV global yang unik merangkul 8 anugerah reka bentuk dunia paling tinggi. Di peringkat keselamatan teras, kedua-dua model dibangunkan mengikut piawai keselamatan lima bintang dua negara China-Eropah, EZ-6 memperoleh 5 pengesahan keselamatan antarabangsa berwibawa seperti C-NCAP, E-NCAP, EZ-60 menunjukkan indeks keselamatan bateri memenuhi piawaian baharu kebangsaan dan Eropah terlebih dahulu. Changan Mazda juga membuat janji tulus kepada pemilik tenaga baharu secara keseluruhan: bateri dijamin ganti rugi jika terbakar sendiri sepanjang hayat, jaminan tanpa had jarak dan tanpa had pemilik pertama kenderaan.

Prestasi pengendalian yang cemerlang adalah kesinambungan gen 'Manusia dan Kenderaan Satu' Mazda. Di gelanggang perlumbaan profesional, EZ-60 meraih kejuaraan kumpulan SUV dalam perlumbaan litar Kejohanan Rali Kereta Tenaga Baharu China, dan naib juara keseluruhan dalam rali. Pemilik Changan Mazda dan pemandu juara perlumbaan Ji Hao tiba di lokasi pameran automotif, berkongsi pengalaman memandu EZ-60 asal tanpa pengubahsuaian untuk bersaing dalam perlumbaan. Dalam kalendar perlumbaan berintensiti tinggi selama 6 hari, keseluruhan 910 kilometer, kenderaan ini menghadapi cabaran lebih daripada seratus kenderaan penyerta, dengan kualiti stabil dan penyetelan yang cemerlang, menonjol keluar daripada 100 kenderaan daripada 27 jenama, mengesahkan kekuatan model pengeluaran secara sebenar.

Berbekalkan kekuatan produk yang kukuh, Changan Mazda berjaya memperoleh pengesahan kenderaan lengkap di tiga pasaran utama Eropah, United Kingdom, dan Australia, menjadi pembuat kereta tenaga baharu kongsi modal pertama di dalam negara yang meraih tiga pengesahan luar negara. Baru-baru ini, lebih daripada 80 ejen luar negara dari Eropah, Australia, dan Thailand melawat secara khas ke kilang pengeluaran Nanjing, memberikan pengiktirafan penuh terhadap sistem proses pengilangan dan kawalan kualiti jenama. Sekarang ini, tempahan dan pra-jualan luar negara EZ-6, EZ-60 terus meningkat, dalam pasaran dalam negara, EZ-60 malah secara konsisten menduduki takhta juara jualan SUV sederhana tenaga baharu kongsi modal selama 7 bulan berturut-turut. Pengurus Pemasaran Kereta Changan Mazda, Wu Xuxi menyatakan, sekarang Changan Mazda telah menjadi pusat reka bentuk, penyelidikan, pembuatan dan eksport kenderaan lengkap tenaga baharu Mazda di seluruh dunia, setiap kenderaan Mazda tenaga baharu adalah model global yang sebenarnya.

Mendalamkan pasaran dalam negara selama bertahun-tahun, Changan Mazda memiliki 5 juta pengguna setia, jenama sentiasa mengamalkan pemikiran 'Pengguna+', membina komuniti nilai bersama yang bersimbiotik antara jenama dan pengguna. Pada tahun 2026, jenama berterusan melancarkan aktiviti penciptaan bersama pengguna pelbagai, membina ekosistem pengguna sepanjang kitaran hidup. Aktiviti seperti 'Perjalanan Harapan' dan 'Kumpulan Cerita Pemilik' yang dilancarkan sebelum ini, merekodkan kisah mesra antara pemilik dan jenama, imej hidup seperti pakar amal, rakan pengguna yang berjiwa mulia, pasangan yang berkahwin kerana kereta, melukis warna asas jenama yang hangat.

Sambil itu, dua pelan 'Ahli Kreasi Mazda Gembira' dan 'Agens Penduduk', memberi platform kepada pemilik untuk berkongsi kehidupan penggunaan kenderaan, menyebarkan reputasi jenama. Pemilik muda Sun Jingyi juga berkongsi pengalaman menyertai aktiviti di lokasi, suasana santai dan bantuan antara rakan-rakan, membuatkan lebih ramai orang ingin menyertai. Menepati kumpulan belia, 'Pelan Tunas Muda' musim kedua masuk ke universiti-universiti besar di seluruh negara, bersamaan dengan melancarkan Persaangan Reka Bentuk Pengubahsuaian EZ-60 Universiti Seluruh Negara, bukan sahaja membantu kreativiti belia dilaksanakan, malah membuka jawatan latihan musim panas, mendorong integrasi mendalam antara industri dan akademik.

Semasa Pameran Automotif Chongqing kali ini, Changan Mazda secara serentak melancarkan aktiviti 'Kongsi Kemewahan Musim Panas, Nikmati Promo 618', aktiviti faedah akan berterusan sehingga 30 Jun. Pengguna membeli kenderaan boleh menikmati subsidi negara tukar lama baru sehingga 20,000 yuan, subsidi pengeluar penukaran 17,000 yuan; memilih model tertentu, boleh menerima set istimewa berharga 7,999 yuan, termasuk stesen pengecasan asli, filem suria Long Mo dan alas kaki khas. Di sebelah dasar kewangan, keseluruhan model menyokong skim faedah rendah 5 tahun tanpa bayaran pendahuluan, kadar purata tahunan serendah 1.99%, serentak menambah nilai 7,999 yuan hak pembakaran sifar sepanjang hayat. Selain itu, semua pengguna yang melakukan ujian tera model tenaga baharu di kedai, boleh menerima hadiah Emas Foil Jinling Warisan Budaya Benda Tak Berwujud Kebangsaan.

Mewarisi gen jenama seratus tahun, berpegang pada piawai pembuatan kenderaan global, menghubungkan emosi pengguna dan kebajikan sosial. Mulai hari ini hingga 21 Jun, semua warga kota dialu-alukan melawat stan Changan Mazda di Dewan N8 Pusat Pameran Antarabangsa Chongqing, mengalami tarikan unik model global secara dekat, menangkap peluang jualan 618.

【Lead: On May 16, 200,000 Leapmotor older vehicles received free city pilot assist overnight; on May 18, the MPV D99 interior was unveiled, beginning to advance into the high-end market. When competitors are still dividing classes using intelligent driving and configurations, Leapmotor chooses to make them standard equipment. After monthly sales of 70,000, the question is no longer "how many can be sold", but "is the ceiling high enough".】

Author: Cai Yan

Although sales rank at the top among new forces, Leapmotor reported a loss of 390 million yuan in the first quarter, making the goal of achieving 5 billion yuan net profit this year much harder to reach. When the A10 becomes popular, D99 aims for the high-end, and the second brand is ready to launch, this car company that started relying on "cost-performance" has achieved rapid scale expansion but encountered a bottleneck in profits, and it is working hard to change the situation.

▲ Leapmotor rises to the first echelon relying on independent research and development technology

From "Cost-Performance Catfish" to "Head Goose of New Forces"

Four years ago, Leapmotor was still in the stage of "monthly sales of thousands of units", with attention and volume far less than "NIO, Xpeng, and Li Auto". The arrival of the turning point was much faster than the industry anticipated. In 2025, Leapmotor delivered 596,600 vehicles for the whole year, topping the annual sales list of domestic new force car makers; in the first quarter of 2026, it delivered 110,200 vehicles, ranking first among new forces again; in April alone, monthly sales exceeded 70,000 units, setting a new brand historical record.

▲ Leapmotor's April monthly delivery volume exceeded 70,000 units

Whole-domain independent research is the origin of all Leapmotor stories. Currently, Leapmotor has established 17 parts factories, with the ratio of self-developed and self-made accounting for 65% of total vehicle costs, covering core links such as electronic control modules, lamp controllers, intelligent driving chips, and electric drive systems. With 65% of the total vehicle cost controlled in its own hands, this vertical integration capability means that when the industry is generally constrained by supplier price hikes, Leapmotor can hold the cost initiative in its own hands; when competitors are still using third-party intelligent driving solutions, Leapmotor is already able to push the nationwide city pilot assist function for free to 200,000 older car owners and promises permanent free usage. This major OTA on May 16 pushed urban main roads, elevated roads, roundabouts, and other all-scenario city pilot assist capabilities to the old B series, Lafa5, and 2026 C series LiDAR version models. Leapmotor proved one thing with actions: Intelligent driving is not a "selling point" for new cars, but an "entitled right" for old users.

At the same time, Leapmotor's channel strategy and product strategy formed an exquisite cooperation. As of January this year, Leapmotor's domestic sales and service outlets exceeded 1,000, covering 295 cities. But unlike the practice of traditional car companies concentrating stores in first-tier cities, Leapmotor's channels are highly "sunk" to fifth-tier cities. The sinking market is not Leapmotor's "supplementary channel", but Leapmotor's basic plate. This "surrounding cities by villages" approach has allowed Leapmotor to establish user cognition and channel barriers early in areas where mainstream new forces have not yet reached.

From the product level, Leapmotor has built a complete product ladder from the A platform to the D platform. The A10 is priced at 65,800 - 86,800 yuan, yet pulls hardcore configurations such as LiDAR, spot-to-spot pilot assist, and Qualcomm dual flagship chips into the market under 100,000 yuan. Market response was extremely enthusiastic, daily production capacity has reached the level of thousands of units, entering the "Daily Thousand Club" that only a few hit products like Tesla Model Y have reached. The other end is the first mid-to-large MPV D99, positioned as technological luxury, equipped with dual 8797 chips, 1280 TOPS assisted driving computing power, 800V high-voltage platform, second-row seats support rotation function. Quickly attracted industry attention after the interior release. One end is entry-level ultimate cost-performance, one end is brand bearing towards high-end breakthrough, the middle relies on C and B series to form a stable basic plate — this "blossoming at both ends, supporting in the middle" matrix structure is the structural support for Leapmotor to break through 70,000 units in a single month.

▲ Leapmotor A10 brings high-end configurations down to the 100,000 yuan level market

Competition Intensifies, Can Leapmotor Sales Continue to Rise?

In 2026, the elimination competition in the automotive industry intensified, Leapmotor founder Zhu Jiangming straightly said "There is no future without scale".

However, the current awkward situation for Leapmotor is that volume increases but profit decreases. Its Q1 revenue was 10.82 billion yuan, delivered 110,200 vehicles, overseas sales 40,900 vehicles, year-on-year growth of 442%, accounting for 37.1% of total sales, setting a new historical record. Affected by the increased proportion of low-price models, the gross profit margin dropped sharply from 14.9% in the same period last year to 9.4%, net loss 390 million yuan. However, management maintains Q2 guidance of 240,000-250,000 vehicles, annual sales 1 million vehicles and 5 billion yuan net profit target unchanged. Behind it is the confidence in product rhythm — A10 daily production capacity will reach over 1,000 units, May expected 26,000 units, June aiming for 30,000 units; The D99 about to be pre-sold is positioned as a 300,000 yuan level technological luxury MPV, extended range version equipped with 800V high-voltage platform, pure electric version equipped with 1000V high-voltage platform, and equipped with dual 8797 chips, will become a new growth pole.

Secondly, the launch of the second brand opens up new space. Leapmotor Vice President Li Tengfei confirmed at the Q1 financial report meeting that the new brand will debut as early as the end of 2026 or 2027, expected to launch in mid-2027, aiming at the 300,000 yuan and above high-end market, adopting an independent sales network, helping Leapmotor transform from "sales champion" to "full-spectrum giant".

Furthermore, supply chain independence and global layout are the moat. Whole-domain self-research covers 65% of total vehicle costs, especially valuable against the background of shortages in components such as memory. Leapmotor International has already covered 35 countries, 2026 export target 100,000-150,000 vehicles, promoting localized production of factories in Spain and Malaysia, overseas business has already turned a profit. Leapmotor's true ceiling is not in the delivery numbers, but in whether it can continuously build a "Technology-Product-Brand" positive cycle. The May 16 OTA pushed city pilot assist for free to 200,000 older cars, covering B series, Lafa5, and 2026 C series LiDAR models, achieving nationwide opening (2024 C series LiDAR version will follow in the third quarter); meanwhile, Leapmotor plans to achieve "spot-to-spot" high-level intelligent driving push in the third quarter, intelligent driving team over 700 people, training servers nearly 600 units, achieving full-chain self-research. Converting whole-domain self-research into OTA push, stunning products, and cost pricing, "Good but not expensive" is indeed the deepest moat, Leapmotor's ceiling is far from arriving.

▲ Leapmotor D99 attacks the high-end market

Comment

Leapmotor's immediate task is not about sales, but whether it can find a balance pivot between the original intention of "Good but not expensive" and brand upward, especially against the background of turning from profit to loss in the first quarter and a sharp drop in gross profit margin. When the second brand aims for the market above 300,000 yuan, the underlying capabilities of whole-domain self-research will undergo more severe premium testing. Breaking this hurdle, Leapmotor can truly evolve from "sales champion" to "value benchmark".

(This article is original to "Heyuan Yueche", unauthorized reproduction is prohibited)

Xie Lei was a classmate in my university department, same grade but different major. He took the Gaokao multiple times before getting in. Once in college, he went completely wild, playing football, gaming, playing poker, and reading novels with great enjoyment. When graduating, he had failed too many courses and didn't even get a graduation certificate.

It was natural that he didn't find a job, so he told his family he was preparing for graduate school, and continued to ask for living allowance to live a loose life around the school. He joined some training class, where there was an international student in the class, and he became friends with the international student.

After a long time, he couldn't hide it anymore and went back to his hometown. In the first few years, life was quite tight. Even at his wedding, he didn't have a suitable set of clothes, so he ran to the mall with the first batch of gift money to buy a new suit and then rushed back to the wedding. Later, inspired by his international student friend, he opened a bilingual kindergarten locally, starting from scratch. Unexpectedly, in just a few short years, he made a name for himself, and he couldn't stop.

When he returned to school for a 10-year anniversary reunion, he drove a Buick Enclave, becoming the standout of the whole class, the most successful classmate in his cohort in terms of career.

On May 28, 2026, SAIC Group held the "Global 100 Millionth User" delivery ceremony. The event was relayed across the country and even overseas, from the 99,999,996th vehicle to the 100,000,013th vehicle. Owners included Momenta CEO Cao Xudong, Dedao APP founder Luo Zhenyu, former German men's national football team player Yang Chen, and Pang Fuqiang, a post-85s village party branch secretary from Lantian, Shaanxi, who persisted in cooking and delivering meals for elderly people left behind, and so on.

Watching the delivery livestream, I thought of my university classmate Xie Lei. He is also one in 100 million.

Behind the 100 million vehicles are 100 million stories about struggle, about striving to live, about rushing towards ideals, and are 100 million lives that are either wonderful, ordinary, passionate, or rough. Among them are geniuses like Cao Xudong, trendsetters in the era of transformation like Luo Zhenyu, grassroots good cadres who serve the people wholeheartedly like Pang Fuqiang, and redemption stories of prodigals like Xie Lei.

100 million stories gathered together paint the torrent of the times in China, especially the booming development of China's economy and the rapid changes in Chinese society since the Reform and Opening Up.

SAIC Group is an important part of this torrent. Starting in an alley in 1955, hammering out the Phoenix brand sedan by hand in 1958, establishing China's first car joint venture in 1985, launching the world's first internet car in 2016, and returning to the position of China's largest production and sales car group in the first four months of 2026, continuing to be China's largest car group comprehensively developing autonomous and joint ventures, passenger cars and commercial vehicles, new energy and fuel cars, and local and overseas.

When the first Phoenix sedan was born in 1958, China's vehicle inventory was 172,600, and private cars were basically zero. National vehicle production was 16,000, the vast majority of which were trucks, and there were only 57 sedans.

By the end of 2025, the national vehicle inventory reached 366 million, which is over 2,000 times that of 1958. Private cars grew from zero to 323 million. Annual vehicle production and sales broke through 34 million, ranking first in the world for new car sales for 17 consecutive years. Among them, exports were nearly 7.1 million. In 2023, it became the world's first major car exporting country. In 2025, it became the world's first major car production country.

SAIC Group's 100 million vehicles participated in and witnessed the complete history of China's automotive industry from nothing to something, from small to large, from weak to strong, and from China to the world, playing an important role and exerting important influence within it.

The delivery of the 100 millionth vehicle is a glorious moment for SAIC Group and a birth node for China's first billion-level car company. In my opinion, what is more moving is that it allows people like Pang Fuqiang to come to the forefront, allows people like Xie Lei to break into our minds, and allows us to take this opportunity to look back at the road we have come. 100 million vehicles are not just the combination of assembly lines and steel and rubber. Behind them are 100 million vivid people, 100 million families, and 100 million versions of stories silently striving upwards.

Of course, for China's automotive industry, this is also a brilliant milestone moment.

The Whampoa Military Academy of China's Automobiles

China's modern automotive industry started with a Santana.

In 1983, SAIC began producing Santana models in SKD (Semi-Knocked Down) assembly. In 1985, after 6 years of negotiations,

SAIC Group and Volkswagen Germany established China's first sedan joint venture SAIC Volkswagen, producing domestic Santanas.

From then on, China officially introduced advanced global automotive technology and management systems and established a complete automotive parts system. In this process, the most important driving force was Santana localization.

At that time, China's industrial base was weak, and parts quality was low. German Volkswagen's standards were extremely strict, and vehicles were not allowed to be assembled if they did not meet Volkswagen standards. At the beginning of Santana production, only 5 parts could be matched domestically, and the localization rate was 2.7%.

In 1987, Zhu Rongji proposed that Santana localization should absolutely not do "substitutes" (using lower quality alternatives) and must insist on international standards. By 1993, the Santana localization rate exceeded 80%, and in 1996 it exceeded 90%.

In this process, over 400 local parts enterprises were reformed according to German standards, with materials, heat treatment, stamping, welding, coating, and testing comprehensively upgraded. A large number of local supply chain enterprises such as Yanfeng Automotive Trim, Fuyao Glass, Huayu Automotive, Yapu Auto Systems, Ningbo Huaxiang, Desay SV, Joyson Electronics, Wanxiang Qianchao, and Shanghai Tire completed the original accumulation of technology, quality, and management in the Santana project, and later grew into industry giants.

It can be said that without Santana localization, there would be no China's automotive industry system today, and SAIC Volkswagen is the Whampoa Military Academy of China's automobiles.

The stories of transformation and counterattack in here still read as hot and intense today. For example, Volkswagen's durability standard for Santana horns was 50,000 sounds and still qualified. In the Santana localization project, the German engineer raised the horn durability standard to 150,000 times—higher than the German standard.

At that time, China's domestic automotive horn durability standard was only 20,000 to 30,000 times. The Chinese side thought the German side was deliberately making difficulties. After in-depth understanding, they knew this was the conclusion drawn by the German team's field research. Germany's traffic order was mature, and drivers rarely honked, so 50,000 times left a large redundancy. But China at that time, drivers honked at least 10 times more than Germany. 150,000 times was a reasonable standard given after the German team's weighing.

The samples from the Shanghai Traffic Electrical Factory responsible for matching were returned 11 times. Previous standards and processes were all pushed back to the drawing board, improving contact material, thickening diaphragms, optimizing waterproofing, and adjusting circuits. Finally, they successfully passed the new standard test and became the first key part to achieve domestic localization in the Santana.

Thus, the standard for domestic Santana horns surpassed that of Germany. The horns from the Shanghai Traffic Electrical Factory were more durable and cheaper than the German original parts. After mass supply to SAIC Volkswagen, they were also exported back to Germany and mounted on local Santanas. Later, the Shengjia brand won the US General Motors global bid and entered the global supply chain.

Automotive horns were not isolated cases. When China's automotive industry, which was completely empty, met global first-class standards like German Volkswagen, the sparks and energy released were huge. The stimulation and promotion to local enterprises were unprecedented, forcing companies to tackle difficulties and undergo a complete metamorphosis.

It can be said that a Santana localization project allowed China's automotive industry to skip grades from the Iron Age to the Electrical Age. Santana localization not only bred a large number of supply chain giants but also cultivated a large number of modern automotive industry management talents and formed a complete automotive production system, quality system, inspection system, parts supply system, and process. Later, multiple local car companies developed on the basis of this mature system and supply chain.

So it can be said that without Santana localization, there would be no China's automotive industry system today, and SAIC Volkswagen is the Whampoa Military Academy of China's automobiles.

SAIC Spirit: Three Cultures and One Philosophy

SAIC Group served 100 million users in over 70 years, promoted the development of China's automotive industry, experienced four major development stages of hard startup, joint venture cooperation, independent brand construction, and intelligent electric transformation, and always stood at the forefront of the mainstream car companies.

In the times of change and industry transformation, crossing the cycle and always moving upward, SAIC Group relies not only on products, technology, and systems but also on an invisible power behind them, the SAIC Spirit.

What is the SAIC Spirit? It is rooted in the Haipai culture soil of openness, innovation, inclusiveness, and pragmatism, built on the rigor, refinement, cooperation, and integration of the automotive industry, and enriched and iterated by drawing on Western modern management thought and commercial civilization in cooperation with partners such as Germany, the United States, the United Kingdom, etc.

Car Riff believes the SAIC Spirit includes at least three cultures and one philosophy: Breakthrough Culture, Cooperation Culture, Quality Culture, and the "Know cars, understand you better" user philosophy.

Breakthrough Culture is not being satisfied with the status quo, daring to step out of the comfort zone, daring to be the first, and embracing change. From the small parts factory in the alley daring to build cars at the beginning, to daring joint venture cooperation in the early stage of Reform and Opening Up, to boldly developing the independent sector in the golden period of joint ventures, daring to be the first in the fields of electrification, intelligence, and going global, all embody this breakthrough culture.

Under the guidance of Breakthrough Culture, SAIC Group has pioneered many industries.

In 2002, established China's first automotive logistics joint venture with Netherlands TNT.

In the same year, established SAIC-GM-Wuling through a joint venture with GM China and Wuling, pioneering the three-party cooperation mode in complete vehicles.

In 2003, established China's first automotive dedicated RoRo terminal joint venture with Shanghai Port Group.

In 2004, established China's first automotive finance joint venture with General Motors.

In 2007, merged with Nanjing Auto Group, becoming an important milestone in the strategic restructuring of China's automotive industry.

In 2012, Roewe E50 went on sale, becoming China's first mass-produced pure electric sedan.

In 2016, cooperated with Alibaba to launch the world's first mass-produced internet car Roewe RX5, opening a new track for automotive intelligence.

In July 2025, became the only enterprise in the industry to obtain passenger car and commercial vehicle L4 level licenses.

In the same year December, globally premiered the semi-solid battery model new MG4 Anxin Edition.

From technology, products to models, SAIC Group's breakthrough culture has never stopped.

Cooperation Culture, SAIC Group is the car company with the richest and most widespread cooperation models among domestic car companies, from China-foreign joint ventures to China-China cooperation (SAIC-Nanjing merger), to China-China-foreign (SAIC-GM-Wuling). SAIC Group is also the only one among domestic car companies with two luxury brand partners, SAIC-GM Cadillac and SAIC Audi.

Cooperation beyond complete vehicles is even wider. Many of the aforementioned industry pioneers are cooperation results, covering logistics, finance, and internet. SAIC Group's cooperation culture, from pioneering the joint venture paradigm to building a whole industry chain alliance and creating a global cooperation network, covers the entire industry value chain.

Quality Culture, from the horn case in Santana localization above, it can be seen that from Santana, quality culture has been deeply carved into the gene of SAIC Group.

Day after day for decades, high standards on quality eventually turned into reputation like "10-year non-fading paint", "Zero spontaneous combustion battery", "300,000 km without major repair", etc.

And also the "Know cars, understand you better" user philosophy.

In April 2025, SAIC Group held "Know cars, understand you better · SAIC Night" on the banks of the Huangpu River in Shanghai, formally proposing the development strategy centered on "Empowerment-driven advancement, co-creating better mobility".

Actually, the "Know cars, understand you better" user philosophy has been flowing in SAIC's blood for decades, it was just formally proposed at this time.

The horn case in Santana localization above is a typical "Know cars, understand you better". The durability standard for car horns is not unchangeable, nor is it decided by the manufacturer, but is tailored to the local conditions according to different market users' usage habits. It is not how much technology the manufacturer can do that is set, but how much users need, how much the manufacturer's technology must do.

Product standards are not decided by manufacturer technology but by user needs. This thinking and way of doing things was born from Santana localization, taught by German teachers, and has grown and iterated for over 40 years. Today it has surpassed the former teachers.

Users want to use the internet in the car, so SAIC developed the first internet car. Users want to use smart driving, so SAIC cooperated with Momenta and Huawei, striving to gather the strongest smart driving technology.

This time, the 100 millionth delivery is distributed in 4 countries, nearly 20 delivery points, each with themes and characteristics. The biggest commonality is pushing the users to the center of the stage. SAIC Group used one delivery ceremony to thank users, thank these 100 million trust commitments, and give back to users with better products and services.

Written at the End

The small broken factory that hammered cars with hammers 68 years ago has grown into an industry giant, building a global business map covering the whole industry chain, covering complete vehicles, parts, mobility and services, finance, international operations, and innovative businesses, entering the Fortune Global 500 list 21 times.

SAIC first realized passenger car exports in 2001. Now products and services are all over the world in over 170 countries and regions, with cumulative overseas delivery exceeding 7 million. Overseas, SAIC has over 100 parts production bases, over 3,000 dealer networks, built 3 major R&D innovation centers such as London, and Thailand, Indonesia, India, Pakistan 4 production and manufacturing centers, and formed China's first, globally leading complete vehicle logistics self-owned fleet.

SAIC Group's first 100 million vehicles were mostly Chinese stories. Next, the 2nd, 3rd, 4th 100 million vehicles, will write world stories, stories of all humanity.

15 Mei, dengan pengumuman akuisisi oleh Geely Motors diterbitkan, ia menandakan integrasi jenama Radar dengan Geely Motors telah dilaksanakan secara rasmi dari segi modal.

Berdasarkan pengumuman, Zhejiang Jirun telah mengakuisisi 100% ekuiti Radar Automotive (Shandong) dengan harga 159 juta Yuan, Geely Sales mengakuisisi 100% ekuiti jualan Radar Automotive dengan 59 juta Yuan, dua entiti lain di bawah Geely iaitu CIL dan GAIL secara bersama mengakuisisi semua saham Radar Thailand, syarikat anak penuh di Thailand dengan harga 490,000 Yuan.

Selepas transaksi selesai, jenama Radar akan menjadi anak syarikat penuh Geely Motors, dan prestasi kewangan juga akan dimasukkan ke dalam laporan syarikat tersenarai Geely Motors.

Selain itu, Che Yi Tiao juga mengetahui dari pihak berkaitan, selepas pengintegrasian dimulakan, bukan sahaja saluran, seluruh struktur tenaga kerja Radar Pick-up mungkin akan digabungkan sepenuhnya ke China Star, menjadi satu siri Pick-up di bawah jenama China Star, dan tidak wujud sebagai jenama bebas. Geely secara rasmi 'menyerap' Radar kali ini, dianggap sebagai pelaksanaan strategik 'Satu Geely' sekali lagi dalam pengintegrasian jenama.

Sejak pengumuman "Deklarasi Taizhou" pada 2024, Geely mempercepatkan pelaksanaan pengintegrasian jenama bawahnya.

Dari Geometri, Livan digabungkan ke Galaksi, kepada Lynk & Co digabungkan ke Zeekr pada 2025, kemudian Zeekr melengkapkan privatisasi keluar dari pasaran, digabungkan ke sistem syarikat tersenarai Geely Motors bersama Lynk & Co. Di bawah panduan "Satu Geely", sinergi jenama menunjukkan kejayaan yang ketara, dan penyerapan Radar ini juga boleh dilihat sebagai langkah strategik lain Geely Motors.

Peneraju Kembali, Radar Beralih dari Jenama ke Siri Produk

Sebenarnya, bermula 2024, jenama Radar sudah mengintegrasikan sebahagian dengan Geely dari segi saluran dan teknologi.

Berdasarkan perjanjian strategik yang ditandatangani antara Geely Radar dan Geely Service Company, Geely Radar boleh memanfaatkan rangkaian sumber perkhidmatan Geely untuk menyediakan perkhidmatan selepas jualan yang berkaitan kepada pengguna. Tidak sahaja itu, sebahagian cawangan Geely juga menggantung plaket yang diluluskan Radar, menjual di lokasi yang sama dengan Geely Motors, dan berkongsi perkhidmatan pasca-jualan.

Kemudian pada Mei 2025, Radar juga melancarkan Geely Radar Horizon dan Diamond PHEV berdasarkan teknologi Hibrid Elektrik Super Thunder EM Geely Motor Group.

Cuma, ketika itu operasi Radar dalam masih agak bebas, tidak dimiliki oleh Geely Motors, lebih cenderung kepada hubungan setaraf.

Selepas pengintegrasian dari segi modal kali ini dimulakan, kedudukan jenama Radar tentunya akan mengalami perubahan asas.Di satu pihak adalah gelaran luar, iaitu dari jenama bebas menjadi satu kategori teras khusus. Di pihak lain adalah kedudukan strategik, Radar akan kembali sebagai "Peneraju", berkongsi sumber strategik secara setara dengan operasi "kumpulan inti".

Diketahui, sejak pelancaran jenama 2022, Radar sentiasa diuruskan secara langsung oleh Geely Holdings, merupakan entiti operasi bebas yang dibiak secara berasingan di luar kumpulan, dan tidak mempunyai hubungan pemilikan langsung dengan Geely Motors, maka prestasi operasinya juga tidak akan dimasukkan ke dalam laporan syarikat tersenarai.

Sekarang kelihatan, jenama Radar ketika itu lebih seperti percubaan Geely Holdings terhadap laluan khusus Pick-up, dari segi keutamaan strategik, secara teori jauh lebih rendah daripada jenama yang menjadi tumpuan utama Geely Motors iaitu Galaksi, China Star serta Lynk & Co, Zeekr, dan sekarang setelah dimasukkan ke China Star, Radar tentunya akan mendapat lebih banyak sokongan dari kumpulan.

Seperti yang dinyatakan dalam pengumuman, dengan memasukkan operasi Radar ke dalam sistem operasi dalaman kumpulan, ia boleh meningkatkan keberkesanan sinergi dalam perancangan produk, penyaluran sumber dan pengurusan jenama, seterusnya mengurangkan pelaburan berulang, meningkatkan kecekapan operasi dan mengukuhkan kawalan kos.

Ringkasnya, pada masa hadapan Radar dapat memupuk semula teknologi, rantai bekalan dan kilang Geely secara penuh, Geely juga boleh memperluaskan gabungan produk melalui ini, mencipta satu lagi kutub pertumbuhan khusus.

Melengkapkan Kategori Khusus, Geely Mempercepatkan Penempatan Laluan Pick-up

Bagi Geely, memilih untuk membiarkan Radar kembali pada masa ini, bukan hanya amalan lain bagi "Deklarasi Taizhou", tetapi juga pertimbangan strategik mengenai prospek pasaran Pick-up.

Geely menyatakan dalam pengumuman bahawa pada masa ini kadar penetrasi pasaran pick-up utama di dunia yang lain adalah lebih tinggi, dan pasaran pick-up China juga menunjukkan potensi pertumbuhan yang ketara.

Sebagai tambahan, perkembangan teknologi elektrifikasi dan kecerdasan, termasuk kenaikan harga minyak, bersama-sama meningkatkan perhatian dan permintaan pasaran terhadap pick-up tenaga baharu. Ditambah dengan pelonggaran dasar sekatan pick-up di pelbagai tempat, produk Radar diharapkan dapat memenuhi permintaan pengguna perniagaan dan pengguna persendirian pada masa yang sama.

Bagi Geely Motors, pengintegrasian Radar akan memperkukuh lagi kedudukan kumpulan dalam pasaran khusus Pick-up, selepas pengakuisisian selesai, Radar juga boleh memanfaatkan saluran pengedaran antarabangsa Geely, memperluaskan pasaran antarabangsa dengan cepat, dan seterusnya meningkatkan pertumbuhan eksport.

Mengikut data CCFA, eksport Pick-up China pada 2025 melebihi 300,000, untuk pertama kali menyumbang lebih daripada 50% daripada jumlah, terutamanya Pick-up tenaga baharu pada tahun lalu melonjak 243%, mencapai 73,000 unit.

Dalam perancangan keseluruhan Geely Motors, sasaran jualan luar negara pada 2026 dijamin 640,000 unit, menyerang 750,000 unit. Perlu diketahui, sepanjang masa sektor antarabangsa Geely berbanding BYD, Chery adalah lebih perlahan, sekarang dengan menambah kategori Pick-up Radar ini, akan membantu meningkatkan jualan antarabangsa.

Pada masa ini di sektor Pick-up tenaga baharu, Radar sudah membina reputasi dan kebolehan mengenali, ia bukan sahaja menduduki tempat pertama dalam pasaran Pick-up tenaga baharu selama tiga tahun berturut-turut, malah dalam pasaran khusus elektrik penuh, kepenyertaan pasaran setinggi 98%, boleh dikatakan, Geely mempunyai pendedahan strategik yang sangat proaktif, membolehkan Pick-up Radar menguasai kelebihan pendahuluan yang tertentu.

Tetapi, pasaran Pick-up tenaga baharu juga sedang memburu masuk ke dalam "Pasaran Merah".Belakangan ini, BYD mengumumkan bahawa jenama Pick-up tenaga baharu "SHARK (Shark)" yang sebelum ini di eksport ke luar negara, telah dimasukkan secara rasmi ke Fang Cheng Bao, akan segera dijual di pasaran domestik, pada ketika itu mungkin akan menjadi cabaran yang besar kepada Pick-up Radar.

Dengan BYD, Geely, dll, syarikat kereta utama meningkatkan pelaburan di laluan Pick-up tenaga baharu, bermakna satu struktur khusus baharu akan memasuki masa "pertarungan", mengenai sama ada Radar boleh menjadi pembolehubah utama yang mengubah arah pasaran selepas "pulang ke pasukan"? Kecekapan pengintegrasian Geely dan tekad bersaing akan menjadi kritikal.