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喺馬來西亞嘅 SUV 市場，好多買家喺揀車嘅時候都會拿本田 HR-V 同奇瑞 Tiggo 7 PHEV 嚟做比較。這兩款車喺價位同定位上都幾接近，今日我哋就從多個方面嚟做一個詳細嘅比較，幫你省做功課嘅時間。
本田 HR-V 喺馬來西亞嘅 OTR 售價係 RM 115,900 - 143,900，總共有 4 個版本，包括 2026 e:HEV 1.5L RS（RM 143,900）、2026 1.5T V（RM 137,900）、2026 1.5T E（RM 130,900） 等。
奇瑞 Tiggo 7 PHEV 喺馬來西亞嘅 OTR 售價係 RM 129,750 - 129,750，總共有 2 個版本，包括 2025 1.5T 90km CSH（RM 129,750）、Tiggo 7 PHEV 支持邊種充電方式？可以用家居電源插座充電嗎？（RM 117,478） 等。
由價錢睇落，本田 HR-V 嘅起步價真係比奇瑞 Tiggo 7 PHEV 平咗 RM 13,850。如果你預算有限，本田嘅入門版已經可以滿足日常需求。但亦要留意，平嗰幾千蚊，可能喺配備上面會有取捨，具體就要睇你嘅需求。
本田 HR-V 嘅安全評級係 5★ (ASEAN NCAP)，主動安全系統包括 Honda SENSING (ACC, CMBS, LKAS, RDM)。
奇瑞 Tiggo 7 PHEV 嘅安全評級係 TBD，主動安全系統包括 Basic。
安全配備方面，兩款車都獲得唔錯嘅評級。不過本田 HR-V 嘅 Honda SENSING (ACC, CMBS, LKAS, RDM) 同奇瑞 Tiggo 7 PHEV 嘅 Basic 喺功能上面有少少分別，如果你比較重視主動安全嘅話，可以仔細睇下比較下兩者嘅功能列表。
本田 HR-V 車身長 4500 mm，尾箱 450 L。
奇瑞 Tiggo 7 PHEV 車身長 4400 mm，尾箱 400 L。
空間方面，本田 HR-V 嘅車身比奇瑞 Tiggo 7 PHEV 長咗 100 mm，車內乘坐空間會稍微闊少少，尤其係後座腿部空間。如果你經常載家人或者需要放嬰兒車，大啲嘅車身確實更實用。
本田 HR-V 保修 5 年/無限里數，保養間隔 每 10,000km 或 6 個月。
奇瑞 Tiggo 7 PHEV 保修 3 年/100,000km，保養間隔 每 10,000km 或 6 個月。
總括嚟講，本田 HR-V 同奇瑞 Tiggo 7 PHEV 都係馬來西亞市場幾唔錯嘅車型。揀邊架車，關鍵始終都要睇你嘅個人需求同預算。建議大家做足功課，多比較幾間車行嘅報價，之後先至去試駕先做最後決定。買車係件大事，花少少時間做功課絕對唔會錯。
In Malaysia's SUV market, many buyers compare Honda HR-V and Chery Tiggo 8 PHEV when choosing a car. These two cars are quite close in price and positioning. Today, we will make a detailed comparison from multiple aspects to help you save time on research.
Honda HR-V's OTR price in Malaysia is RM 115,900 - 143,900, with a total of 4 versions, including 2026 e:HEV 1.5L RS (RM 143,900), 2026 1.5T V (RM 137,900), 2026 1.5T E (RM 130,900), etc.
Chery Tiggo 8 PHEV's OTR price in Malaysia is RM 159,750 - 159,750, with a total of 2 versions, including 1.6L Turbo Standard (RM 130,000), 1.6L Turbo Premium (RM 145,000), etc.
In terms of price, the Honda HR-V's starting price is indeed RM 43,850 cheaper than the Chery Tiggo 8 PHEV. If your budget is limited, the Honda entry-level model can already satisfy daily needs. However, be aware that the saving of a few thousand may involve trade-offs in features, depending on your specific requirements.
Honda HR-V is equipped with 1.5L Turbo, 140 hp. Official fuel consumption 7.0 L/100km.
Chery Tiggo 8 PHEV is equipped with Hybrid, 170 hp. Official fuel consumption 4.5 L/100km.
In terms of power, the Hybrid of the Chery Tiggo 8 PHEV has 30 horsepower more than the 1.5L Turbo of the Honda HR-V. However, for daily driving in the city, both cars have enough power and won't feel underpowered.
Honda HR-V body length 4500 mm, trunk 450 L.
Chery Tiggo 8 PHEV body length 4400 mm, trunk 400 L.
Regarding space, the Honda HR-V body is 100 mm longer than the Chery Tiggo 8 PHEV, the interior seating space will be slightly more spacious, especially rear legroom. If you frequently carry family or need to put a stroller, the larger body is indeed more practical.
Honda HR-V adopts FWD drive mode.
Chery Tiggo 8 PHEV adopts FWD drive mode.
Both cars have the same drive mode, both are FWD, daily driving experience will not have much difference.
Honda HR-V and Chery Tiggo 8 PHEV are both mainstream choices in the Malaysian market, suitable for family use and daily commuting. If you value brand reputation and resale value more, you can prioritize the one with better reputation; if you care more about cost-performance ratio and equipment, then choose the one with richer configuration. Ultimately, it is recommended to test drive both, personal experience is the most important.
Overall, Honda HR-V and Chery Tiggo 8 PHEV are both very good models in the Malaysian market. Which one to choose depends mainly on your personal needs and budget. It is recommended to do your research, compare quotes from several car dealerships, then test drive to make a final decision. Buying a car is a big matter, spending some time researching will definitely not go wrong.
In Malaysia's SUV market, many buyers compare Honda HR-V and Chery Tiggo 7 Pro when choosing a car. Both vehicles are quite close in price and positioning. Today, we will make a detailed comparison from multiple aspects to help you save time on research.
The OTR price of Honda HR-V in Malaysia is RM 115,900 - 143,900. There are 4 versions in total, including 2026 e:HEV 1.5L RS (RM 143,900), 2026 1.5T V (RM 137,900), 2026 1.5T E (RM 130,900), etc.
The OTR price of Chery Tiggo 7 Pro in Malaysia is RM 123,750 - 123,750. There are 2 versions in total, including 1.6L Turbo Standard (RM 125,000), 1.6L Turbo Premium (RM 140,000), etc.
From the price perspective, the starting price of Honda HR-V is indeed RM 7,850 cheaper than Chery Tiggo 7 Pro. If your budget is limited, Honda's entry-level version can already meet daily needs. However, note that the few thousand cheaper might have trade-offs in features, it depends on your specific needs.
Honda HR-V is equipped with 1.5L Turbo, 140 hp. Official fuel consumption 7.0 L/100km.
Chery Tiggo 7 Pro is equipped with 1.5L Turbo, 140 hp. Official fuel consumption 7.0 L/100km.
Both cars use the same powertrain system, the driving feeling is basically the same in daily use. Fuel consumption is also similar, no need to worry too much about this.
Honda HR-V body length 4500 mm, trunk 450 L.
Chery Tiggo 7 Pro body length 4400 mm, trunk 400 L.
In terms of space, the Honda HR-V body is 100 mm longer than Chery Tiggo 7 Pro, the interior passenger space will be slightly more spacious, especially the rear legroom. If you often carry family members or need to put in a stroller, the larger body is indeed more practical.
Honda HR-V adopts FWD drive mode.
Chery Tiggo 7 Pro adopts FWD drive mode.
Both cars have the same drive mode, both are FWD, daily driving feel will not be much different.
Honda HR-V warranty 5 years/unlimited mileage, maintenance interval every 10,000km or 6 months.
Chery Tiggo 7 Pro warranty 3 years/100,000km, maintenance interval every 10,000km or 6 months.
Overall, Honda HR-V and Chery Tiggo 7 Pro are both very good models in the Malaysia market. Which one to choose depends on your personal needs and budget. We recommend doing your research, comparing quotes from several car dealerships, and then test driving to make a final decision. Buying a car is a big matter, spending time on research will never be wrong.
In the Malaysian SUV market, many buyers compare Honda HR-V and Chery Tiggo 7 Pro when choosing a car. These two models are quite close in price and positioning. Today we will do a detailed comparison from multiple aspects to help you save time on research.
The OTR price for Honda HR-V in Malaysia is RM 115,900 - 143,900, totaling 4 versions, including 2026 e:HEV 1.5L RS (RM 143,900), 2026 1.5T V (RM 137,900), 2026 1.5T E (RM 130,900), etc.
The OTR price for Chery Tiggo 7 Pro in Malaysia is RM 123,750 - 123,750, totaling 2 versions, including 1.6L Turbo Standard (RM 125,000), 1.6L Turbo Premium (RM 140,000), etc.
In terms of price, Honda HR-V's starting price is indeed RM 7,850 cheaper than Chery Tiggo 7 Pro. If your budget is limited, Honda's entry-level version already meets daily needs. However, be aware that the few thousand cheaper price may involve trade-offs in features, depending on your specific needs.
Honda HR-V is equipped with a 1.5L Turbo, 140 hp. Official fuel consumption 7.0 L/100km.
Chery Tiggo 7 Pro is equipped with a 1.5L Turbo, 140 hp. Official fuel consumption 7.0 L/100km.
Both cars use the same powertrain system, the driving feel is basically the same. Fuel consumption is also similar, no need to dwell on this point.
The safety rating for Honda HR-V is 5★ (ASEAN NCAP), active safety systems include Honda SENSING (ACC, CMBS, LKAS, RDM).
The safety rating for Chery Tiggo 7 Pro is TBD, active safety systems include Basic.
Regarding safety features, both cars have achieved good ratings. However, there are some differences in functionality between the Honda HR-V's Honda SENSING (ACC, CMBS, LKAS, RDM) and Chery Tiggo 7 Pro's Basic. If you prioritize active safety, you can compare the feature lists of both in detail.
Honda HR-V warranty 5 years/unlimited mileage, maintenance interval every 10,000km or 6 months.
Chery Tiggo 7 Pro warranty 3 years/100,000km, maintenance interval every 10,000km or 6 months.
Honda HR-V and Chery Tiggo 7 Pro are both mainstream choices in the Malaysian market, suitable for family use and daily commuting. If you value brand reputation and resale value more, prioritize the one with better reputation; if you care more about cost-performance and features, choose the one with richer configurations. Ultimately, it is recommended to test drive both, as personal experience is most important.
Overall, Honda HR-V and Chery Tiggo 7 Pro are both very good models in the Malaysian market. Which one to choose depends on your personal needs and budget. We suggest doing your research, comparing quotes from multiple dealerships, and then test driving to make the final decision. Buying a car is a major event, spending time on research will definitely not be a mistake.
Di pasaran SUV Malaysia, ramai pembeli apabila memilih kereta akan membandingkan Honda HR-V dan Chery Tiggo 7 Pro. Kedua-dua kereta ini berada dalam julat harga dan posisioning yang agak dekat, hari ini kita akan buat perbandingan terperinci dari pelbagai aspek untuk membantu anda menjimatkan masa melakukan kajian.
Honda HR-V di Malaysia mempunyai harga OTR sebanyak RM 115,900 - 143,900, terdapat 4 varian, termasuk 2026 e:HEV 1.5L RS (RM 143,900), 2026 1.5T V (RM 137,900), 2026 1.5T E (RM 130,900) dan lain-lain.
Chery Tiggo 7 Pro di Malaysia mempunyai harga OTR sebanyak RM 123,750 - 123,750, terdapat 2 varian, termasuk 1.6L Turbo Standard (RM 125,000), 1.6L Turbo Premium (RM 140,000) dan lain-lain.
Dari segi harga, harga permulaan Honda HR-V memang lebih murah RM 7,850 berbanding Chery Tiggo 7 Pro. Jika bajet anda terhad, varian permulaan Honda sudah boleh memenuhi keperluan harian. Tetapi perlu diingat, beberapa ribu ringgit yang lebih murah tersebut mungkin memerlukan kompromi dari segi kelengkapan, bergantung pada keperluan anda.
Honda HR-V dilengkapi enjin 1.5L Turbo, kuasa 140 hp. Penggunaan minyak rasmi 7.0 L/100km.
Chery Tiggo 7 Pro dilengkapi enjin 1.5L Turbo, kuasa 140 hp. Penggunaan minyak rasmi 7.0 L/100km.
Kedua-dua kereta menggunakan sistem kuasa yang sama, pengalaman memandu harian hampir tiada perbezaan. Dari segi penggunaan minyak juga hampir sama, tidak perlu terlalu bimbang tentang ini.
Penarafan keselamatan Honda HR-V adalah 5★ (ASEAN NCAP), sistem keselamatan aktif termasuk Honda SENSING (ACC, CMBS, LKAS, RDM).
Penarafan keselamatan Chery Tiggo 7 Pro adalah TBD, sistem keselamatan aktif termasuk Basic.
Dari segi kelengkapan keselamatan, kedua-dua kereta telah mendapat penarafan yang baik. Namun Honda SENSING (ACC, CMBS, LKAS, RDM) pada Honda HR-V dan Basic pada Chery Tiggo 7 Pro mempunyai perbezaan dari segi fungsi, jika anda lebih mengutamakan keselamatan aktif, anda boleh membandingkan senarai fungsi kedua-duanya dengan teliti.
Honda HR-V menggunakan cara pemacu FWD.
Chery Tiggo 7 Pro menggunakan cara pemacu FWD.
Cara pemacu kedua-dua kereta adalah sama, keduanya FWD, pengalaman memandu harian tidak akan banyak berbeza.
Honda HR-V dan Chery Tiggo 7 Pro adalah pilihan utama pasaran Malaysia, sesuai untuk penggunaan keluarga dan perjalanan harian. Jika anda lebih mengutamakan reputasi jenama dan harga jual semula, anda boleh memberi keutamaan kepada yang lebih dikenali; jika anda lebih mementingkan nilai wang dan kelengkapan, maka pilihlah yang lebih kaya dengan ciri-ciri. Akhirnya dinasihatkan untuk memandu kedua-duanya, pengalaman langsung adalah yang paling penting.
Secara keseluruhan, Honda HR-V dan Chery Tiggo 7 Pro adalah model yang sangat baik di pasaran Malaysia. Memilih yang mana satu, bergantung pada keperluan peribadi dan bajet anda. Kami menyarankan untuk melakukan kajian, membandingkan tawaran harga dari beberapa agensi, kemudian memandu sebelum membuat keputusan akhir. Membeli kereta adalah perkara penting, meluangkan masa melakukan kajian pasti tidak akan salah.
喺馬來西亞嘅 SUV 市場，好多買家喺揀車嘅時候都會拿 Honda HR-V 同 Chery Tiggo 8 Pro 嚟比較。呢兩部車喺價位同定位上都幾接近，今日我哋由多個角度嚟做詳細比較，幫你節省做功課嘅時間。
Honda HR-V 喺馬來西亞嘅 OTR 售價係 RM 115,900 - 143,900，總共有 4 個型號，包括 2026 e:HEV 1.5L RS（RM 143,900）、2026 1.5T V（RM 137,900）、2026 1.5T E（RM 130,900） 等。
Chery Tiggo 8 Pro 喺馬來西亞嘅 OTR 售價係 RM 159,750 - 159,750，總共有 2 個型號，包括 1.6L Turbo Standard（RM 130,000）、1.6L Turbo Premium（RM 145,000） 等。
由價錢睇嚟，Honda HR-V 嘅起步價的確比 Chery Tiggo 8 Pro 平咗 RM 43,850。如果你預算有限，Honda 嘅入門版已經可以滿足日常需要。但都要注意，平嗰幾千塊，可能喺配備上會有取舍，具體要睇你嘅需求。
Honda HR-V 嘅安全評級係 5★ (ASEAN NCAP)，主動安全系統包括 Honda SENSING (ACC, CMBS, LKAS, RDM)。
Chery Tiggo 8 Pro 嘅安全評級係 TBD，主動安全系統包括 Basic。
安全配備方面，兩部車都拿到唔錯嘅評級。不過 Honda HR-V 嘅 Honda SENSING (ACC, CMBS, LKAS, RDM) 同 Chery Tiggo 8 Pro 嘅 Basic 喺功能上有少少分別，如果你比較重視主動安全嘅話，可以仔細對比下兩者嘅功能列表。
Honda HR-V 車身長度 4500 mm，尾箱 450 L。
Chery Tiggo 8 Pro 車身長度 4400 mm，尾箱 400 L。
空間方面，Honda HR-V 嘅車身比 Chery Tiggo 8 Pro 長咗 100 mm，車內乘坐空間會稍微寬裕一啲，尤其係後座腿部空間。如果你經常載家人或者要放嬰兒車，大啲嘅車身的確更加實用。
Honda HR-V 同 Chery Tiggo 8 Pro 都係馬來西亞市場嘅主流選擇，適合家庭使用、日常通勤。如果你更重視品牌口碑同二手價，可以優先考慮口碑更好嗰款；如果你更在意性價比同配備，就揀配備更豐富嗰款。最終都建議兩部都去試駕，親身體驗先係最重要嘅。
總體嚟講，Honda HR-V 同 Chery Tiggo 8 Pro 都係馬來西亞市場幾唔錯嘅車型。揀邊一輛，關鍵都要睇你個人需要同預算。建議大家做好功課，多比較幾間車行嘅報價，再去試駕做最終決定。買車係件大事，花少少時間做功課絕對唔會錯。
喺馬來西亞嘅 SUV 市場，好多買家喺揀車嗰陣都會拎 Honda HR-V 同 Chery Tiggo 7 Pro 嚟做比較。這兩款車喺價位同定位上都幾接近，今日我哋就從多個方面做一個詳細嘅對比，幫你慳咗做功課嘅時間。
Honda HR-V 喺馬來西亞嘅 OTR 售價係 RM 115,900 - 143,900，一共有 4 個版本，包括 2026 e:HEV 1.5L RS（RM 143,900）、2026 1.5T V（RM 137,900）、2026 1.5T E（RM 130,900） 等。
Chery Tiggo 7 Pro 喺馬來西亞嘅 OTR 售價係 RM 123,750 - 123,750，一共有 2 個版本，包括 1.6L Turbo Standard（RM 125,000）、1.6L Turbo Premium（RM 140,000） 等。
從價錢嚟睇，Honda HR-V 嘅起步價確實比 Chery Tiggo 7 Pro 平咗 RM 7,850。如果你預算有限，Honda 嘅入門版已經可以滿足日常需要。但都要留意，平嗰幾千塊，喺配備上可能有取舍，具體要睇你嘅需要。
Honda HR-V 搭載 1.5L Turbo，馬力 140 hp。官方油耗 7.0 L/100km。
Chery Tiggo 7 Pro 搭載 1.5L Turbo，馬力 140 hp。官方油耗 7.0 L/100km。
兩款車用嘅係同一套動力系統，日常開起嚟嘅感受基本無差別。油耗方面都差唔多，唔使太糾結呢一點。
Honda HR-V 嘅安全評級係 5★ (ASEAN NCAP)，主動安全系統包括 Honda SENSING (ACC, CMBS, LKAS, RDM)。
Chery Tiggo 7 Pro 嘅安全評級係 TBD，主動安全系統包括 Basic。
安全配備方面，兩款車都拿到唔錯嘅評級。不過 Honda HR-V 嘅 Honda SENSING (ACC, CMBS, LKAS, RDM) 同 Chery Tiggo 7 Pro 嘅 Basic 喺功能上有啲差異，如果你比較看重主動安全嘅話，可以仔細對比下佢哋嘅功能列表。
Honda HR-V 車身長 4500 mm，後車廂 450 L。
Chery Tiggo 7 Pro 車身長 4400 mm，後車廂 400 L。
空間方面，Honda HR-V 嘅車身比 Chery Tiggo 7 Pro 長咗 100 mm，車內乘用空間會稍微闊落啲，尤其係後座腳部空間。如果你經常載家人或者需要放嬰兒車，大少少嘅車身確實更實用。
Honda HR-V 保修 5 年/無限制里程，保養間隔 每 10,000km 或 6 個月。
Chery Tiggo 7 Pro 保修 3 年/100,000km，保養間隔 每 10,000km 或 6 個月。
總體嚟講，Honda HR-V 同 Chery Tiggo 7 Pro 都係馬來西亞市場幾唔錯嘅車型。揀邊一部，關鍵仲係要睇你嘅個人需要同預算。建議大家做好功課，多比較幾間車行嘅報價，再去試駕做最後決定。買車係件大事，花少少時間做功課絕對無錯。
In the SUV market in Malaysia, many buyers compare the Honda HR-V and Chery Tiggo Cross when choosing a car. These two cars are quite close in price and positioning. Today, we will make a detailed comparison from multiple aspects to save you time doing research.
The Honda HR-V OTR price in Malaysia is RM 115,900 - 143,900, with a total of 4 versions, including 2026 e:HEV 1.5L RS (RM 143,900), 2026 1.5T V (RM 137,900), 2026 1.5T E (RM 130,900), etc.
The Chery Tiggo Cross OTR price in Malaysia is RM 88,750 - 99,750, with a total of 2 versions, including 2025 HEV 1.5L CSH (RM 99,750), 2025 1.5T Standard (RM 88,750), etc.
From a price perspective, the Chery Tiggo Cross is RM 27,150 cheaper to start than the Honda HR-V. Honestly, in this price range, a gap of a few thousand is not really significant; the key lies in overall value and long-term usage costs.
The Honda HR-V safety rating is 5★ (ASEAN NCAP), active safety systems include Honda SENSING (ACC, CMBS, LKAS, RDM).
The Chery Tiggo Cross safety rating is TBD, active safety system includes Basic.
Regarding safety features, both cars received decent ratings. However, there are some differences in functionality between the Honda HR-V's Honda SENSING (ACC, CMBS, LKAS, RDM) and the Chery Tiggo Cross's Basic. If you value active safety, you can carefully compare the feature lists of both.
Honda HR-V comes with a 5-year/unlimited mileage warranty, maintenance interval every 10,000km or 6 months.
Chery Tiggo Cross comes with a 3-year/100,000km warranty, maintenance interval every 10,000km or 6 months.
Both the Honda HR-V and Chery Tiggo Cross are mainstream choices in the Malaysian market, suitable for family use and daily commuting. If you value brand reputation and resale value more, prioritize the one with better reputation; if you care more about value for money and features, choose the one with more configurations. Ultimately, it is recommended to test drive both, as firsthand experience is the most important.
Overall, both the Honda HR-V and Chery Tiggo Cross are very good models in the Malaysian market. Choosing which one depends mainly on your personal needs and budget. It is recommended to do your research, compare quotes from several car dealerships, and then test drive to make a final decision. Buying a car is a significant matter; spending time doing research is never wrong.
Monthly sales of 100,000, yet market cap only half of competitors: Why can't Leapmotor's scale earn valuation?
Evening of August 24, Leapmotor released an interim performance report with almost flawless data: First half deliveries 356,487 units, YoY growth 60.8%, ranking first among New EV makers; Revenue 38.11 billion yuan, growth 57.2%; Net profit attributable 208 million yuan, achieving profitability for two consecutive half-years. July single-month deliveries 101,267 units, becoming the first domestic New EV maker to break 100,000 monthly sales. Established for 11 years, cumulative deliveries exceeded 1.6 million units.
Leapmotor displayed its full series of models at a promotion event | Source: Leapmotor official website
But the reaction from the capital market was quite interesting. As of the August 26 market close, Leapmotor's HK stock market cap was approximately HKD 45.36 billion; on the same day, Nio was about HKD 85.5 billion, XPeng about HKD 88.4 billion, and Li Auto about HKD 97.7 billion. The one selling the most, its market cap is less than half of Li Auto. More importantly, Li Auto's second-quarter net loss was 1.705 billion yuan, XPeng's second-quarter net loss was 1.34 billion yuan — they are making losses, yet the market is willing to give them higher prices.
Being the sales champion doesn't beat the market cap, this is not just a problem for Leapmotor, but it is Leapmotor's most prominent issue. This deep dive wants to clearly break down three things: how exactly these 200 million in profit was squeezed out; why that overseas report is Leapmotor's real trump card; and what evidence the market is waiting for before re-pricing this company.
01 How the 200 Million in Profit was "Squeezed" OutFirst, let's look at the profit structure. First half revenue of 38.11 billion yuan and 11.7% comprehensive gross margin, corresponds to gross profit of approximately 4.45 billion yuan. After deducting R&D, sales, administrative and other period expenses and taxes, final operating profit was 128 million yuan, with net profit attributable to shareholders of 208 million yuan.
Converted to per unit: 356,487 vehicles, with an average profit of only about 585 yuan per car. A 100,000 yuan level car, profit isn't enough for a decent meal. Net margin 0.55%, thin as a blade.
Leapmotor 2026 Semi-Annual Report · Performance Highlights | Source: Leapmotor official website
These 208 million are pieced together from several parts. The first part is selling cars itself. Management gave whole vehicle gross margin guidance of 10~11 percentage points at the conference call — meaning selling cars is low profit high volume, the bulk of gross margin depends on scale rolling. The second part is carbon credits, contributing 800 to 900 million yuan in the first half, about 500 million yuan in the second quarter. This is the profit's "plug-in", and its unit price is declining, management original words: "Carbon credit sales unit price fell compared to last year", "Just like the path our country walked back then". The third part is R&D service revenue, contributed in the first half but not much; the fourth part is Leapmotor International, slightly profitable but with a small loss in the first half due to exchange rates, management expects to recover in the second half.
The trend of gross margin also hides structure: First half comprehensive gross margin 11.7%, YoY decline of 2.4 percentage points, but second quarter single quarter recovered to 12.6%, QoQ improvement 3.2 percentage points. Full year guidance is 13%~14%. Management attributed the improvement to scale effect and raw material price stabilization — to translate: volume growth is diluting per-unit cost, but carbon credit decline is pulling profit margin back from the other side.
Compare with peers, the irony is stronger. Li Auto second-quarter net loss 1.705 billion yuan, deliveries 98,330 units, YoY still declined 11.5%; XPeng second-quarter net loss 1.34 billion yuan. Full market only Leapmotor, the only New EV maker stable in making money, market cap yet bottomed out. In Tech Jungle's view, the market is not that it doesn't recognize profit, but doesn't recognize "profit of doubtful gold content" and "profit that hasn't proven sustainable scaling".
02 Going Overseas: The Real Profit Pool is FormingLeapmotor interim report's most eye-catching numbers are actually not in the domestic market. First half exports 96,294 units, YoY growth 372.6%, already exceeded 2025 full year export total, accounting for 27% of total sales; July single month exports 17,569 units. European market revenue 8.875 billion yuan, YoY surge 379.7%, accounting for about 23% of total revenue.
Leapmotor exceeded 900,000 global deliveries in June | Source: Leapmotor official website
Overseas per-unit gold content is far higher than domestic: Same platform models selling price in Europe is several times that of domestic, even after incurring freight, tariffs and channel costs, per-unit gross margin is clearly better than the involution of domestic market. This is the real meaning of "Second growth curve" — not selling tens of thousands more cars, but selling a market with higher profit margin.
Local assembly map also unfolds simultaneously: Malaysia relies on Stellantis Kedah plant, C10 already mass production, B10 planned Q3 mass production launch; European Spain Zaragoza plant completed retrofit, B10 Q3 start production, B05 trial production within the year, 2027 formal mass production, supporting battery plant Q3 start mass production; South America selected Brazil Goiania plant, B10 planned 2027 second half start production. Management stance is: This year overseas expected around 200,000 units (start of year target 100,000~150,000 units), next year target 350,000~400,000 units, internal challenge 400,000 units.
But management also said two sentences worth noting truths. First is local production gross margin indeed better than whole vehicle export has improvement, "but improvement not as obvious as imagined", profit margin's real improvement needs to wait for "policy changes" — simply put, wait for EU tariff and local procurement rules to clear. Second is RoRo ship capacity tight, company has reached cooperation with Shipping Group, "Full year 200,000 units is guaranteed". Going overseas doesn't lack orders, lacks capacity and policy window.
There is also a detail ignored by most interpretations: Leapmotor International is Leapmotor 49%, Stellantis 51% joint venture, when established agreed on previous three years lower gross margin split. Management explicitly said at conference call, both parties "3-year agreement period" gradually approaching, will sit down to re-communicate. This is both an area where first half comprehensive gross margin was "structurally suppressed" dark corner, also potential option for gross margin upward repair in future one to two years — Stellantis sells every car, after re-pricing may contribute more profit.
03 Balance Sheet: Where Did Money and Goods GoSeveral numbers on the interim report balance sheet explain Leapmotor's current strategy better than income statement.
Leapmotor 2026 Semi-Annual Report · Financial Performance | Source: Leapmotor official website
Cash and equivalents 38.59 billion yuan, borrowing only 2.39 billion yuan, net cash over 36 billion yuan. A car company with annual sales of hundreds of thousands of units holding such scale of cash, at least on cash flow there is no danger signal.
What is truly worth pondering is inventory: 9.27 billion yuan, QoQ increase 103.7%, approximately equal to 1.65 months cost of sales. Why prepare so much inventory? Two months ago this number was not even half. The answer is written in the timeline: A05 launched on August 11, A10 enter ramp-up, D19 and C series volume, second half delivery target obviously is to go high; plus exports in transit whole vehicles and parts all floating at sea, inventory double more like intentional "ammo".
More ruthless is accounts payable: 47.08 billion yuan, is 5.1 times inventory. This shows in supply chain system, upstream suppliers are advancing funds for Leapmotor. Use suppliers' goods first, then pay money, account period dragged longer, Leapmotor cash more abundant. This is an invisible low cost financing, also realization of scale effect — only when your procurement volume large enough no one dares easily cut supply, this chain then can move. Huawei-style "V-formation supply chain" in auto industry replicate difficulty compared to consumer electronics is much bigger, but Leapmotor is trying to run with same logic.
Future two years still need to spend a big sum: As of end of June, company for purchase of properties, factory and equipment capital commitments were 7.76 billion yuan, first half capital expenditure 2.03 billion yuan, mainly used for new factory equipment and new car production line introduction. Where do these money go? Answer is 2027 — management's words "very big product big year": D series brand new models, C series existing brand new and also replacement, B series new products. 2026 profit, largely is for 2027 product matrix storing water.
04 FAW and Stellantis: Two "Technology for Market" AccountsAugust 24, same day financial report release, Leapmotor and China FAW signed deepening cooperation framework, listed ten major synergy fields: Battery, Electric Drive, Chassis, Intelligent Cockpit, Intelligent Driving, Auto Electronics, Whole Vehicle Design Manufacturing, Export, Supply Chain, and Embodied AI Robot. Time line extended look, March 3, 2025 both parties signed strategic cooperation MOU, December 28, 2025 FAW subscribed about 5% domestic shares with 3.744 billion yuan (per share 50.03 yuan) — this investment's book floating loss, according to Chegulu Media calculation already exceeded 1 billion yuan (Aug 19); and concurrently, founder Zhu Jiangming was reported multiple announcements increase holdings.
Leapmotor and China FAW signed deepening strategic cooperation agreement | Source: Leapmotor official website
A state-owned giant floating loss, founder investing against trend, both parties again on financial report day announced ten major synergy — this set of signals put together, reads like a "Long-termist mutual confirmation" agreement. Leapmotor wants one FAW R&D synergy and policy resources, FAW wants Leapmotor full domain self-developed powertrain ready-made capability, use money and technology double binding.
Another line is Stellantis. 2023 shareholding, May 2024 established Leapmotor International, May 2026 both parties announced cooperation upgrade (Opel etc brand dedicated production line and technical support, according to public reports). Conference call management revealed, cooperation direction with Stellantis is "Empowerment based on mature powertrain component supply capability", and "Recent very likely there will be further good news"; With FAW, Stellantis R&D service cooperation, "Very soon everyone will receive external announcement".
This words actually already fulfilled half: FAW framework agreement is announcement day hammered. Leapmotor is upgrading "Selling cars" into "Selling cars + Selling technology + Selling supply chain capability" three parts income. This is also Zhu Jiangming repeatedly publicly expressing "Market cap undervalued" confidence source — market gives Leapmotor valuation according to whole vehicle manufacturer, but its financial statements are growing into technology exporter shape.
05 Robots: Second Curve Waiting Behind AnnouncementAnd FAW's ten synergy list appeared "Embodied AI Robot", this is official level first time writing robot into cooperation framework. Accompanying public business information (Leapmotor power subsidiary business scope newly added robot related content), and conference call management "Company has robot related planning, very soon will formal announcement" statement, Leapmotor's robot business has entered "Night before official announcement" from "Rumors".
But to speak rigorous: Robot currently still is expectation, not profit. Before announcement landing, it is just valuation imagination option. Management at conference call also confirmed, September 16 will hold technology launch conference in Huzhou, Zhejiang, heavyweight content concentrated on Intelligent Driving, Battery and Electric Drive — this is future few weeks most immediately visible catalyst, Robot is farther that "Easter egg".
Risks also need to be mentionedOutside bullish, a few risks worth listing on table.
First is carbon credit decline. First half 80~900 million points income pushed net profit to 200 million, but unit price is returning towards "Country back then path". If next year points income shrinks, and whole vehicle gross margin not substantially stand at 13%~14%, profit statement will be hit back to original form. Leapmotor needs to use real material scale effect, to fill points decline dug hole.
Second is customer concentration. Financial report disclosed single largest customer contribution accounted for about 23.3% revenue ratio — combine European revenue scale and joint relationship, overseas big customers are double-edged sword: It supports growth, also handed over fate's much part into others hands.
Third is policy window. EU localization procurement proportion requirement is rising, anti-subsidy tax and price commitment "Soft landing" whether continue, directly decides 2027 400,000 units overseas target whether can fulfill; and localization profit margin improvement, management also said "Needs policy changes".
Fourth is execution difficulty. Next year overseas 350,000~400,000 units, means need to on this year about 200,000 units basis close to double, capacity, channel, localization capacity three lines parallel, any link fail chain will transmit to report.
Conclusion: Monthly Sales of 100,000 is Just an Entry Ticket
Leapmotor full series of models lineup | Source: Leapmotor official website
In Tech Jungle's view, market cap repair not rely on shouting, market wants three verifiable evidence: Whole vehicle gross margin whether can stabilize 13%~14% and continue upward, prove "Selling cars itself can make money"; Carbon credits decline after profit not empty, prove "Profit is real"; Overseas 350,000~400,000 units and robot announcement quality, prove "Second curve is not an empty promise".
This half year, Leapmotor proved itself can use extremely low per-unit profit roll up scale, also can hold cash firmly in hand — Net cash over 36 billion, Accounts payable leverage 470 billion supply chain account period, this is not every New EV maker can do. But capital market not pay for "Amazing", only pay for "Proven sustainability".
Monthly sales of 100,000 is just an entry ticket, net profit of 200 million is a passing score, and dozens of times market cap gap, need to rely on next one or two years' report page by page to fill.
2026 年上半年，車企的財報營收彷彿一個班級中不同學生的現狀，有人在最卷的市場裡逆勢提價還能增長，有人把七成營收做到了海外，有人拖著近 3000 億營收的龐大身軀努力轉彎，也有人在虧損擴大的同時轉身擁抱了機器人。
在財報季收尾的這個時間點，筆者挑了五家有代表性的車企，用從強到弱的老規矩排個名次。所有點評基於公開財務數據和經營表現，評價部分帶有大量筆者的主觀判斷，如果你反對，那就是你對。
強：吉利汽車
理由：全行業都在減價，它偏偏賣得更貴，還賺更多。
2026 年上半年的中國車市，雖然嘴上說著不打價格戰，但是偷偷增配變相減價的才是主流。而在這個背景下，吉利確實交出了一份幾乎挑不出毛病的成绩單。
得益於上半年總銷量 142.3 萬輛的成績，吉利在上半年總營收 1736 億元，同比增長 15%，創歷史新高。
賬面歸屬母公司股東的淨利潤 90.91 億元，看上去同比微降了 1.8%，但扣除匯兌損失和非金融資產減值等干擾項之後，核心歸屬母公司股東淨利潤達到 96.8 億元，同比大增 46%，增速遠超營收。核心淨利率 5.6%，同比提升 27%。
毛利端的表現就更有說服力了。
上半年毛利 311.5 億元，同比增長 25.7%，毛利率升至 17.9%，比去年同期高了 1.6 個百分點。單車收入同比提升 16% 至 11.2 萬元。也就是說，吉利在過去半年裡把車賣得更貴了，賺得也更多了。
在大部分同行都在「以價換量」的 2026 年，這三個字放在一起幾乎是一種奢侈。
財務方面，經營現金流 199.24 億元，資金儲備 696 億元，總借款從 181 億元直接砍到 87 億元，降幅超過一半。研發投入 91.99 億元，同比增長 26%，該花的錢一分沒省。
再加上李書福選在業績高點將董事會主席交棒安聰慧，這個時機選擇堪稱教科書級別。
在最好的時候完成權力過渡，給繼任者留出最大的容錯空間，在競爭最白熱化的半年裡做到量、價、利三個維度同步上行，整個行業能交出這份答卷的，一隻手數得過來。
因此，吉利拿到強，沒什麼懸念。
頂級：奇瑞汽車
理由：七成收入來自海外，「出海之王」四個字快裝不下了。
來看奇瑞這份財報，上半年收入 1432.80 億元，同比僅增 1.2%；歸屬母公司股東淨利潤 85.67 億元，同比下降 11.7%。如果只盯著這兩個數字，「增收不增利」的標籤幾乎要貼上來了。
但把結構拆開看，重點還是很明顯的。今年上半年，奇瑞海外收入 989.68 億元，同比暴增 51%，佔總收入的比重已逼近七成。
這個數字放在中國汽車行業裡找不到第二家。正是海外業務的強勁擴張，把整體毛利從去年同期的 184 億元推到了 230.44 億元，增長 25.1%，毛利率從 13% 拉升至 16.1%。
筆者看來，海外市場對奇瑞而言早已超越了「第二戰場」的定位，它就是主戰場，是整個集團的利潤發動機。
新能源轉型同樣值得關注。
新能源收入 592.84 億元，同比增長 63.8%，佔總收入比重從四分之一提升到超過四成。更關鍵的是，新能源車毛利率從 5.2% 躍升至 12.8%，半年之內提高了 7.6 個百分點，進步速度相當可觀。
與此同時，燃油車依然貢獻著 125.53 億元毛利和 18.1% 的毛利率，為整體轉型提供了穩健的緩衝墊。
還有現金流。上半年經營現金流 377.62 億元，同比暴增 169.7%，現金儲備 634.19 億元，比年初增長了 35%。海外不卷的市場帶來的好處，顯然不只是利潤的增長。
所以，奇瑞表面上看數據沒有很驚艷，但是在出海和新能源方面的優質表現，依然是屬於站在風口上的典型車企代表。
而 85.67 億的淨利潤絕對額依然很能打，377 億的經營現金流則更是錦上添花。這筆賬怎麼算都不虧。給到頂級。
上層：上汽集團
理由：近 3000 億營收的大象，轉身速度比外界想得快。
上汽集團這邊的半年報，得需要一點耐心才能讀明白。
合併營業總收入 2986.5 億元，同比微降 0.31%。歸屬母公司股東淨利潤 51.5 億元，同比下降 14.38%。放在一家近 3000 億營收的行業巨頭身上，這組數字確實不太好看。
但與此同時，核心歸屬母公司股東淨利潤 78.7 億元，同比大增 72%；毛利率 12.6%，同比提升 3 個百分點；經營現金流 543 億元，同比增長 158%，這組數據又相當好看。
一半指標在下行，另一半指標在猛漲。這其實就是上汽當下的真實處境：合資板塊和自主板塊左右互搏，新舊勢力兩股力量交織在一起，此消彼長。
那為什麼還能給到上層呢？
首先，上汽上半年整車銷售 204.5 萬輛，是全國唯一半年銷量破 200 萬輛的車企，增速跑贏大盤近 4 個百分點。
自主品牌方面，MG4 家族月銷破萬，尚界 Z7、Z7T 上市後交付迅速上量，智己品牌銷量翻番。合資陣營也沒有躺平，上汽大眾推出 ID.ERA 9X、AUDI E7X 等新能源車型，上汽通用新能源銷量增速超 80%。
戰略層面，與奧迪簽署合作協議成立創新技術中心，遠洋年運能突破 60 萬輛，自主出海、合資轉型、新能源佈局三條線同步推進。
因此，在筆者看來，從目前節點來看，這家公司做對的事情比做錯的事情多。大象轉身談不上優雅，但方向對了，勢頭也在變好。上層這個位置，它站得住。
普通：長安汽車
理由：海外像換了家公司，但覆蓋不了國內的「窟窿」
長安汽車有點像奇瑞，但後者的海外根基太厚，而長安只是剛起步。
今年上半年，長安汽車營業收入 656.34 億元，同比下降 9.71%。歸屬母公司股東淨利潤 8.17 億元，同比暴跌 64.32%。扣非歸屬母公司股東淨利潤更慘淡，只有 2.51 億元，同比下滑 83%。
不過，翻到海外那一頁，畫風突變。
上半年海外銷量 45.5 萬輛，同比增長 52%；海外營收 219.42 億元，同比暴增 78.77%；海外毛利率高達 20.13%，比國內業務的 11.67% 幾乎高出一倍。產能擴張到 44.5 萬輛，渠道覆蓋 1269 個，泰國、巴西的本地化建設持續落地。
單看海外，這完全是一家值得更高評價的企業。
但不同於奇瑞海外業務可以占到七成的實力，長安的海外表現沒辦法覆蓋國內拖後腿的數據。
今年上半年，其新能源銷量 41.4 萬輛，同比下降 8.3%（不過需要注意，其中有其主動砍掉 lumin 銷量的原因），650 億的營收只對應了 8.17 億的淨利潤。
具體品牌方面，稍令人欣慰的是，啟源在二季度實現了單季盈利，阿維塔也在減虧，這些積極信號確實存在，但整體來看，新能源業務仍處在大量投入、緩慢回血的階段，離自我造血還有距離。
綜合來看，給到普通。
弱：小鵬汽車
理由：車還沒賣明白，430 億估值的機器人倒是先來了。
小鵬汽車的這份半年報，大概是五家裡最讓人五味雜陳的一份。
首先，上半年總收入 327.8 億元，同比下降 3.8%；汽車銷售收入 280.5 億元，同比下降 10.3%；累計交付約 16.6 萬輛，同比下降 15.8%。淨虧損 31.2 億元，同比擴大約 173.7%。在蔚來和理想的參照之下，小鵬在「蔚小理」中的掉隊已經無需多言。
當然，報告中也有積極的部分。
綜合毛利率升至 20.6%，毛利 67.66 億元同比增長 20.2%。二季度營收 197.4 億元，環比大增 51.5%，已從一季度的低谷中明顯走出來，二季度淨虧損也從一季度的 17.8 億元收窄至 13.4 億元。從趨勢上看，谷底可能已經過了。
但問題在於，小鵬又選在這個節點大規模押注「第二曲線」。
機器人業務完成首輪超 9 億美元融資，投後估值約 430 億元。技術服務業務的毛利率高達 75.1%，聽著很誘人，但收入規模只有汽車業務的六分之一左右，靠它撐起大局還遠遠不夠。二季度研發費用 29.1 億元，同比增長 32.1%。
對一家以技術立身的公司來說，高研發投入可以理解，但在汽車主業尚未找到盈利拐點的時侯，大量資源湧向機器人賽道，市場難免會產生一個疑問：汽車這道題還沒做完，就急著翻到下一頁，這究竟算遠見還是焦慮？
資本市場用腳投了票。財報發布後，小鵬美股收跌 8.53%，港股繼續大跌 9.19%。
因此，31 億的虧損或許還在可承受的範圍之內，但小鵬眼下面臨的真正困局在於，汽車業務的盈利路徑仍然模糊。用一個高估值的機器人故事為當下的汽車困境爭取時間，目前來看，有些難以兼顧。
從其上半年的表現來看，目前暫時只能給到「弱」，但也許明年此時，機器人可以證明小鵬有資格回到上層甚至頂級的水平。當然，作為汽車從業者，更希望的是這份成就來自其汽車業務。
Pasar SUV di Malaysia, ramai pembeli membandingkan Honda HR-V dan Mazda CX-60 semasa memilih kereta. Kedua-dua kereta ini hampir sama dari segi harga dan kedudukan, hari ini kita akan buat perbandingan terperinci dari pelbagai aspek, membantu anda menjimatkan masa membuat tugasan.
Harga OTR Honda HR-V di Malaysia ialah RM 115,900 - 143,900, terdapat 4 varian, termasuk 2026 e:HEV 1.5L RS (RM 143,900), 2026 1.5T V (RM 137,900), 2026 1.5T E (RM 130,900) dan lain-lain.
Harga OTR Mazda CX-60 di Malaysia ialah RM 200,510 - 252,873, terdapat 2 varian, termasuk 2026 3.3T 4WD High Plus (RM 252,873), 2025 2.5L 2WD High (RM 200,510) dan lain-lain.
Dari segi harga, harga permulaan Honda HR-V memang RM 84,610 lebih murah daripada Mazda CX-60. Jika bajet anda terhad, varian permulaan Honda sudah cukup memenuhi keperluan harian. Namun, perlu diingat, jimat beberapa ribu ringgit itu mungkin melibatkan kompromi pada peralatan, bergantung pada keperluan anda.
Honda HR-V dilengkapi enjin 1.5L Turbo, kuasa 140 hp. Penggunaan minyak rasmi 7.0 L/100km.
Mazda CX-60 dilengkapi enjin 2.0L 4-cyl, kuasa 170 hp. Penggunaan minyak rasmi 8.0 L/100km.
Dari segi kuasa, 2.0L 4-cyl Mazda CX-60 mempunyai 30 hp lebih daripada 1.5L Turbo Honda HR-V. Namun, untuk penggunaan harian di bandar, kedua-dua kereta mempunyai kuasa yang mencukupi, anda tidak akan merasa kurang tenaga.
Panjang badan Honda HR-V 4500 mm, bagasi 450 L.
Panjang badan Mazda CX-60 4500 mm, bagasi 450 L.
Saiz kedua-dua kereta hampir sama, ruang dalaman tidak banyak berbeza. Kereta kelas ini, penggunaan harian sudah cukup.
Honda HR-V menggunakan cara pemanduan FWD.
Mazda CX-60 menggunakan cara pemanduan FWD.
Kedua-dua kereta menggunakan cara pemanduan yang sama, iaitu FWD, pengalaman memandu harian tidak akan banyak berbeza.
Honda HR-V dan Mazda CX-60 kedua-duanya pilihan utama pasaran Malaysia, sesuai untuk kegunaan keluarga, perjalanan harian. Jika anda lebih mementingkan reputasi jenama dan harga kedua, anda boleh pertimbangkan dahulu yang mempunyai reputasi lebih baik; Jika anda lebih mengambil berat nilai dan peralatan, pilih yang mempunyai konfigurasi lebih lengkap. Akhir sekali disarankan kedua-dua model dicuba untuk memandu, pengalaman sendiri yang paling penting.
Secara keseluruhan, Honda HR-V dan Mazda CX-60 kedua-duanya model yang sangat baik di pasaran Malaysia. Memilih yang mana satu, kunci masih bergantung pada keperluan dan bajet peribadi anda. Disarankan anda buat kajian, bandingkan harga beberapa dealer, baru cuba memandu untuk membuat keputusan akhir. Membeli kereta adalah urusan besar, meluangkan masa untuk kajian tidak akan salah.
喺馬來西亞嘅 SUV 市場，好多買家喺揀車嘅時候都會拿 Honda HR-V 同 Chery Tiggo Cross 做比較。呢兩部車喺價位同定位上都幾接近，今日我哋就從多個方面做一個詳細對比，幫你省咗做功課嘅時間。
Honda HR-V 喺馬來西亞嘅 OTR 售價係 RM 115,900 - 143,900，總共有 4 個版本，包括 2026 e:HEV 1.5L RS（RM 143,900）、2026 1.5T V（RM 137,900）、2026 1.5T E（RM 130,900） 等。
Chery Tiggo Cross 喺馬來西亞嘅 OTR 售價係 RM 88,750 - 99,750，總共有 2 個版本，包括 2025 HEV 1.5L CSH（RM 99,750）、2025 1.5T Standard（RM 88,750） 等。
就價錢嚟睇，Chery Tiggo Cross 嘅起步價比 Honda HR-V 平咗 RM 27,150。老實講，喺呢個價位段，幾千蚊嘅差距其實唔算大，關鍵仲係睇整體嘅性價比同長期使用成本。
Honda HR-V 配備 1.5L Turbo，馬力 140 hp。官方油耗 7.0 L/100km。
Chery Tiggo Cross 配備 1.5L 4-cyl，馬力 105 hp。官方油耗 6.0 L/100km。
動力方面，Honda HR-V 嘅 1.5L Turbo 比 Chery Tiggo Cross 嘅 1.5L 4-cyl 多咗 35 匹馬力，中段加速更有信心，特別係跑高速公路嗰陣超車。不過 Chery Tiggo Cross 嘅油耗可能更加抵用，日常市區通勤差別唔會太大。
Honda HR-V 嘅安全評級係 5★ (ASEAN NCAP)，主動安全系統包括 Honda SENSING (ACC, CMBS, LKAS, RDM)。
Chery Tiggo Cross 嘅安全評級係 TBD，主動安全系統包括 Basic。
安全配備方面，呢兩部車都拿到唔錯嘅評級。不過 Honda HR-V 嘅 Honda SENSING (ACC, CMBS, LKAS, RDM) 同 Chery Tiggo Cross 嘅 Basic 喺功能上有啲差異，如果你比較看重主動安全嘅話，可以仔細對比下兩者嘅功能列表。
Honda HR-V 採用 FWD 驅動方式。
Chery Tiggo Cross 採用 FWD 驅動方式。
呢兩部車嘅驅動方式一樣，都係 FWD，日常駕駛感受唔會有太大分別。
總體嚟講，Honda HR-V 同 Chery Tiggo Cross 都係馬來西亞市場幾唔錯嘅車型。揀邊部，關鍵仲係睇你嘅個人需求同預算。建議大家做好功課，多比較間車行嘅報價，先至去試駕做最終決定。買車係件大事，花少少時間做功課絕對唔會錯。
喺馬來西亞嘅 SUV 市場，好多買家喺揀車嗰陣都會拿本田 HR-V 同馬自達 CX-8 嚟做比較。呢兩部車喺價位同定位上都幾接近，今日我哋就由多個角度做個詳細對比，幫你省下做功課嘅時間。
本田 HR-V 喺馬來西亞嘅 OTR 售價係 RM 115,900 - 143,900，一共有 4 個版本，包括 2026 e:HEV 1.5L RS（RM 143,900）、2026 1.5T V（RM 137,900）、2026 1.5T E（RM 130,900） 等。
馬自達 CX-8 喺馬來西亞嘅 OTR 售價係 RM 165,360 - 201,360，一共有 5 個版本，包括 2025 2.5T 4WD High Plus Petrol（RM 201,360）、2025 2.2L 2WD High Plus Diesel（RM 193,123）、2025 2.5L 2WD High Plus Petrol（RM 186,360） 等。
從價錢來看，本田 HR-V 嘅起步價確實比馬自達 CX-8 平咗 RM 49,460。如果你預算有限，本田嘅入門版已經可以滿足日常需要。但都要留意，平嗰幾千塊，可能喺配備上有取舍，具體就要睇你嘅需要。
本田 HR-V 搭載 1.5L Turbo，馬力 140 hp。官方油耗 7.0 L/100km。
馬自達 CX-8 搭載 2.0L 4-cyl，馬力 170 hp。官方油耗 8.0 L/100km。
動力方面，馬自達 CX-8 嘅 2.0L 4-cyl 比本田 HR-V 嘅 1.5L Turbo 多咗 30 匹馬力。不過日常喺市區開，兩部車嘅動力都夠用，唔會覺得唔夠力。
本田 HR-V 保修 5 年/無限制里程，保養間隔 每 10,000km 或 6 個月。
馬自達 CX-8 保修 5 年/150,000km，保養間隔 每 10,000km 或 6 個月。
本田 HR-V 同馬自達 CX-8 都係馬來西亞市場嘅主流選擇，適合家庭使用、日常通勤。如果你更睇重品牌口碑同二手價，可以優先考慮口碑更好嗰一款；如果你更在意性價比同配備，嗰就揀配置更豐富嗰款。最後都係建議兩款都去試駕，親身體驗先至係最重要。
總而言之，本田 HR-V 同馬自達 CX-8 都係馬來西亞市場幾唔錯嘅車款。揀邊輛，關鍵都係要睇你嘅個人需要同預算。建議大家做好功課，多比較幾間車行嘅報價，再去試駕做最終決定。買車係件大事，花啲時間做功課絕對唔會錯。
日前，森麒麟轮胎发布公告，任命Carrick Geng为海外销售中心副总经理兼欧洲区销售总监。这一人事调整，正值森麒麟欧洲战略全面提速的关键节点，这家中国轮胎头部企业，正向欧洲市场发起系统性攻坚。
13年老将坐镇欧洲
Carrick Geng被森麒麟评价为全球化拓展的核心骨干。入职13年间，他从美国销售代表起步，先后执掌泰国及中国生产基地销售总监等关键岗位，职业轨迹横跨美洲、东南亚与国内生产运营体系，既熟悉海外终端渠道开拓，也深谙多基地产销协同，具备集团全局视野与全球渠道实操经验。
此番履新后，他将统筹欧洲区域整体销售经营，把多基地资源、产品矩阵与欧洲本地经销商、主机配套资源联动。工作重心不止于销量扩张，更聚焦渠道结构优化与自主品牌价值提升，助力森麒麟摆脱低价竞争路径，夯实欧洲中高端市场地位。
欧洲战场：机遇与挑战并存
欧洲是森麒麟全球化版图中分量极重的市场。目前公司在欧洲运营Landsail、Delinte、Groundspeed、Sentury等多个品牌。
早在今年6月的德国科隆国际轮胎展上，森麒麟就宣布计划在巴尔干地区新建一座乘用车轮胎智能化工厂，目标2027年投产。在西欧市场，公司已与知名经销商Intersprint达成独家分销合作，明确拒绝低价倾销，转向品牌深耕。
摩洛哥工厂成为欧洲供货“底座”
发力欧洲，森麒麟手中的王牌是“中国—泰国—摩洛哥”黄金三角产能矩阵。投产近两年的摩洛哥工厂临近欧洲、享有关税优势，目前正有序放量，订单供不应求，预计2026年底前达到设计产能。2026年上半年，该工厂已实现扭亏为盈，营业收入7.3亿元，净利润1212万元。
更关键的突破在于配套领域：依托摩洛哥工厂，森麒麟已获得雷诺、Stellantis两大全球车企的供应商资质，预计2027年实现摩洛哥本地化原装配套。
业绩韧性凸显，高端化护航
欧洲攻坚的底气，来自扎实的经营基本盘。8月24日发布的半年报显示，森麒麟上半年轮胎销量1663.89万条，同比增长11.89%；营收44.22亿元，同比增长7.33%；归母净利润4.2亿元，净利率9.5%，在以半钢胎为主的企业中稳居盈利第一梯队。
其盈利密码在于高端结构：17寸及以上大尺寸高性能轮胎销售金额占比保持在65%左右，高附加值产品对冲了原材料涨价与关税压力。
从“产品出海”到“产能出海与本土化运营”，森麒麟正沿着“833Plus”战略稳步推进——用10年左右时间布局8座数字化智能制造基地、3座研发中心。业内分析认为，随着老将坐镇欧洲、巴尔干工厂落地推进，森麒麟有望进一步放大欧洲市场增长潜力，为中国轮胎品牌在高端海外市场争取更大话语权。
9 月 2 日，深藍汽車對外公佈 2026 年 8 月銷量數據，品牌當月全球銷量達到 28,659 輛，全球累計銷量已經突破 94.76 萬輛。其中深藍 S05 成為品牌主力車型，8 月全球銷量 17,474 輛，同比上升 43.42%，環比增長 24.29%，呢款車型全球累計銷量已超 26 萬輛，上市之後月均銷量穩定突破一萬台。
動力方面，深藍 S05 提供 520km、620km 兩種 CLTC 純電續航版本，0-100 公里加速 6.28 秒。車輛全系標配 3C 超充，30% 至 80% 充電用時唔超過 15 分鐘，配備微核高頻脈衝加熱技術同熱泵空調，喺零下 30 攝氏度環境下充電時間縮短 55%，續航可提升 21km。外觀採用星际飛翼 2.0 設計語言，有無框車門、半隱藏式門把手等配置，內飾提供星雲紫、熱浪橙、星岩灰三種配色，配備 256 色氛圍燈。
智能駕駛上搭載天樞領航智能駕駛輔助系統，整車布置 27 個高精度感知硬件，包含 1 顆激光雷達，配備雙地平線 J6M 芯片同一段式端到端算法，可實現 90 多項輔助駕駛功能，支援無圖條件下全場景漫遊輔助能力。座艙搭載 3nm 車規級座艙芯片，擁有四圖融合實景車道級導航、15.6 英寸 2.5K 向日葵螢幕、18 揚天空環繞音響以及 AI 語音交互系統。底盤全系標配 FSD+HRS 高級可變自適應懸架，能夠依據路面情況調整阻尼，搭配 HRS 液壓回彈緩衝技術。
深藍 S05 嘅全球化佈局已進入 73 個境外市場，佢嘅海外月度交付量長期保持喺 6,000 台以上。喺產品榮譽方面，呢款車唔單止夺得德國 iF 設計獎，畀評選為泰國"年度最佳後驅緊湊型純電 SUV"；此外，喺 J.D. Power 發佈嘅 2026 中國新能源汽車新車質量研究榜單入面，佢同樣登頂緊湊型純電 SUV 細分市場。
In Malaysia's SUV market, many buyers compare Honda HR-V and Mazda CX-5 when choosing a car. These two models are quite close in price and positioning. Today, we will make a detailed comparison from multiple aspects to help you save time doing research.
The OTR price of Honda HR-V in Malaysia is RM 115,900 - 143,900, with a total of 4 versions, including 2026 e:HEV 1.5L RS (RM 143,900), 2026 1.5T V (RM 137,900), 2026 1.5T E (RM 130,900), etc.
The OTR price of Mazda CX-5 in Malaysia is RM 135,469 - 166,760, with a total of 3 versions, including 2025 2.0L AT 35th Anniversary (RM 316,154), 2025 2.0L AT (RM 296,154), 2025 2.0L MT (RM 294,154), etc.
Looking at the price, Honda HR-V's starting price is indeed RM 19,569 cheaper than Mazda CX-5. If your budget is limited, Honda's entry-level version can already meet daily needs. But also note that the few thousand cheaper might involve trade-offs in equipment, it depends on your specific needs.
Honda HR-V is equipped with 1.5L Turbo, 140 hp. Official fuel consumption 7.0 L/100km.
Mazda CX-5 is equipped with 1.5L Turbo, 140 hp. Official fuel consumption 7.0 L/100km.
Both cars use the same powertrain system, the driving feeling is basically no difference in daily use. Fuel consumption is also similar, no need to fuss too much over this point.
Honda HR-V body length 4500 mm, trunk 450 L.
Mazda CX-5 body length 4500 mm, trunk 450 L.
The dimensions of both cars are almost the same, interior space difference is not large. For cars in this class, daily use is fully sufficient.
Honda HR-V and Mazda CX-5 are both mainstream choices in the Malaysian market, suitable for family use and daily commuting. If you value brand reputation and resale value more, you can prioritize the one with better reputation; if you care more about cost-performance ratio and equipment, choose the one with richer configuration. In the end, it is suggested to test drive both, personal experience is the most important.
Overall, Honda HR-V and Mazda CX-5 are both quite good car models in the Malaysian market. Which one to choose depends on your personal needs and budget. It is recommended to do your research, compare quotes from several dealers, then go for a test drive to make a final decision. Buying a car is a big matter, spending some time doing research will never be wrong.
In the SUV market in Malaysia, many buyers compare Honda HR-V and Mazda CX-3 when choosing a car. These two cars are quite close in price and positioning. Today we will make a detailed comparison from multiple aspects to help you save time on research.
Honda HR-V OTR price in Malaysia is RM 115,900 - 143,900, there are a total of 4 versions, including 2026 e:HEV 1.5L RS (RM 143,900), 2026 1.5T V (RM 137,900), 2026 1.5T E (RM 130,900), etc.
Mazda CX-3 OTR price in Malaysia is RM 126,159 - 139,159, there are a total of 2 versions, including 2023 2.0L High (RM 139,159), 2023 2.0L Plus (RM 126,159), etc.
Looking at the price, Honda HR-V starting price is indeed RM 10,259 cheaper than Mazda CX-3. If your budget is limited, Honda's entry-level version can already meet daily needs. But note, that difference of a few thousand might involve trade-offs in equipment, it depends on your needs.
Honda HR-V body length is 4500 mm, trunk 450 L.
Mazda CX-3 body length is 4500 mm, trunk 450 L.
The dimensions of both cars are almost the same, interior space difference is not big. For this level of car, daily use is completely sufficient.
Honda HR-V uses FWD drive type.
Mazda CX-3 uses FWD drive type.
The drive types of both cars are the same, both are FWD, daily driving experience will not have too much difference.
Honda HR-V and Mazda CX-3 are both mainstream choices in the Malaysian market, suitable for family use, daily commuting. If you value brand reputation and resale value more, prioritize the one with better reputation; if you care more about cost-performance and equipment, choose the one with richer configuration. In the end, it is suggested to test drive both, experiencing it personally is the most important.
Overall, Honda HR-V and Mazda CX-3 are both very good models in the Malaysian market. Which one to choose mainly depends on your personal needs and budget. It is recommended to do your homework, compare quotes from a few dealerships, and then test drive to make a final decision. Buying a car is a big matter, spending time on research will definitely not be wrong.
In Malaysia's SUV market, many buyers compare Honda HR-V and Toyota Fortuner when choosing a car. These two models are quite close in price and positioning. Today we will make a detailed comparison from multiple aspects to help you save time on research.
The OTR price for Honda HR-V in Malaysia is RM 115,900 - 143,900, with a total of 4 versions, including 2026 e:HEV 1.5L RS (RM 143,900), 2026 1.5T V (RM 137,900), 2026 1.5T E (RM 130,900), etc.
The OTR price for Toyota Fortuner in Malaysia is RM 195,880 - 241,880, with a total of 3 versions, including 2024 2.8T VRZ Diesel (RM 241,880), 2024 2.7L SRZ Petrol (RM 202,880), 2024 2.4L Standard Diesel (RM 195,880), etc.
In terms of price, the starting price of Honda HR-V is indeed RM 79,980 cheaper than Toyota Fortuner. If your budget is limited, Honda's entry-level version can already meet daily needs. But note, the few thousand cheaper might involve compromises on equipment, depending on your specific needs.
Honda HR-V is equipped with 1.5L Turbo, 140 hp. Official fuel consumption 7.0 L/100km.
Toyota Fortuner is equipped with 2.5L Diesel, 187 hp. Official fuel consumption 8.5 L/100km.
In terms of power, Toyota Fortuner's 2.5L Diesel has 47 more horsepower than Honda HR-V's 1.5L Turbo. However, for daily city driving, both cars have enough power and won't feel underpowered.
Honda HR-V body length is 4500 mm, trunk 450 L.
Toyota Fortuner body length is 4400 mm, trunk 400 L.
Regarding space, Honda HR-V's body is 100 mm longer than Toyota Fortuner, so interior seating space will be slightly more spacious, especially rear legroom. If you often carry family or need to put in a stroller, the larger body is indeed more practical.
Honda HR-V uses FWD drive mode.
Toyota Fortuner uses FWD drive mode.
Both cars have the same drive mode, both are FWD, so daily driving feel will not differ much.
Overall, Honda HR-V and Toyota Fortuner are both quite good models in the Malaysia market. Which one to choose depends mainly on your personal needs and budget. It is recommended to do research, compare quotes from several dealerships, and test drive before making a final decision. Buying a car is a big matter, spending time on research is never wrong.
喺馬來西亞嘅 SUV 市場，好多買家在揀車嘅時候都會拿 Honda HR-V 同 Mazda CX-5 嚟比較。呢兩款車喺價位同定位上都幾接近，今日我哋就從多個方面做一個詳細嘅比較，幫你慳返做功課嘅時間。
Honda HR-V 喺馬來西亞嘅 OTR 售價係 RM 115,900 - 143,900，一共有 4 個版本，包括 2026 e:HEV 1.5L RS（RM 143,900）、2026 1.5T V（RM 137,900）、2026 1.5T E（RM 130,900）等。
Mazda CX-5 喺馬來西亞嘅 OTR 售價係 RM 135,469 - 166,760，一共有 3 個版本，包括 2025 2.0L AT 35th Anniversary（RM 316,154）、2025 2.0L AT（RM 296,154）、2025 2.0L MT（RM 294,154）等。
從價錢睇落，Honda HR-V 嘅起步價確實比 Mazda CX-5 平咗 RM 19,569。如果你預算有限，Honda 嘅入門版已經可以满足日常需要。但都要注意，平嗰幾千蚊，可能喺配備上會有取捨，具體要看你嘅需要。
Honda HR-V 車身長 4500 mm，後備箱 450 L。
Mazda CX-5 車身長 4500 mm，後備箱 450 L。
兩款車嘅尺寸幾乎一樣，車內空間差別唔大。呢個級別嘅車，日常使用完全夠用。
Honda HR-V 採用 FWD 驅動方式。
Mazda CX-5 採用 FWD 驅動方式。
兩款車嘅驅動方式一樣，都係 FWD，日常駕駛感受唔會有太大區別。
Honda HR-V 同 Mazda CX-5 都係馬來西亞市場嘅主流選擇，適合家庭使用、日常通勤。如果你更看重品牌口碑同二手價，可以優先考慮口碑好嗰款；如果你更在意性價比同配備，那就選配置更豐富嗰款。最終都建議兩款都去試駕，親身體驗先係最重要。
總嘅嚟講，Honda HR-V 同 Mazda CX-5 都係馬來西亞市場幾唔錯嘅車型。揀邊一輛，關鍵都要睇你嘅個人需要同預算。建議大家做好功課，多比較幾間車行嘅報價，再去試駕做最終決定。買車係件大事，花少少時間做功課絕對唔會錯。
喺馬來西亞嘅 SUV 市場，好多買家喺揀車嘅時候都攞 Honda HR-V 同 Mazda CX-5 嚟做比較。呢兩款車喺價位同定位上都幾接近，今日我哋就從多個方面做一個詳細嘅比較，幫你省返做功課嘅時間。
Honda HR-V 喺馬來西亞嘅 OTR 售價係 RM 115,900 - 143,900，合共 4 個版本，包括 2026 e:HEV 1.5L RS（RM 143,900）、2026 1.5T V（RM 137,900）、2026 1.5T E（RM 130,900）等。
Mazda CX-5 喺馬來西亞嘅 OTR 售價係 RM 135,469 - 166,760，合共 3 個版本，包括 2025 2.0L AT 35th Anniversary（RM 316,154）、2025 2.0L AT（RM 296,154）、2025 2.0L MT（RM 294,154）等。
睇返價錢，Honda HR-V 嘅入門價確實係比 Mazda CX-5 平咗 RM 19,569。如果你預算有限，Honda 嘅入門版已經可以滿足日常需求。不過都要注意，嗰幾千蚊嘅差價，喺配備上可能會有所取捨，具體要睇你嘅需求。
Honda HR-V 嘅安全評級係 5★ (ASEAN NCAP)，主動安全系統包括 Honda SENSING (ACC, CMBS, LKAS, RDM)。
Mazda CX-5 嘅安全評級係 5★ (ASEAN NCAP)，主動安全系統包括 。
兩款車嘅安全評級一樣，喺呢個級別入面安全配備都算係好齊全。而家嘅新車安全性都唔錯，唔使太擔心呢一點。
Honda HR-V 保修 5 年/無限制里程，保養間隔 每 10,000km 或 6 個月。
Mazda CX-5 保修 5 年/150,000km，保養間隔 每 10,000km 或 6 個月。
Honda HR-V 同 Mazda CX-5 都係馬來西亞市場嘅主流選擇，適合家庭使用、日常通勤。如果你更加重視品牌口碑同二手價，可以優先考慮口碑更好嗰一款；如果你更加在意性價比同配備，就揀配置更加豐富嗰款。最後都係建議兩款都去試駕，親身體驗先係最重要。
總體嚟講，Honda HR-V 同 Mazda CX-5 都係馬來西亞市場幾唔錯嘅車型。揀邊一輛，關鍵都係睇你嘅個人需求同預算。建議大家做好功課，多比較幾間車行嘅報價，先至去試駕做最終決定。買車係件大事，花少少時間做功課絕對唔會錯。
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