在中国SUV市场，有一条不成文的鄙视链：纯电看不起插混，插混看不起油混，油混看不起纯油。但有趣的是，把这条链子放进“轻越野”这个具体场景里，它瞬间就失灵了。

6月12日，BJ30旅行家第15万台在北汽株洲超级工厂下线。中国轻越野SUV最快达成15万台，不是最贵的那台，不是最硬的那台，是唯一一台选了HEV路线的方盒子。

15万人选HEV，这是有意思的地方。

一个被忽视的矛盾

轻越野SUV的动力路线，到底该选什么？

纯电？适合市区，不在乎充电频率的长途出行，越野不行。

插混？可油可电，内置大电池，越野有风险，多数当纯电用。

HEV？低速用电，动力强，发动机可在最高效区间运行。

三套方案，各自都有优缺点。但如果你必须选一个“扣分最少”的，HEV显然最干净。这结论不是我推导的，是HEV天然优势。

三擎四驱六模是啥？

BJ30旅行家的HEV架构，北京越野叫“三擎四驱六模”。名字唬人，拆开看逻辑其实很清楚。

为什么是“三擎”而不是“两擎”？传统HEV——包括丰田THS、本田i-MMD都是双擎：一台发动机加一台驱动电机。在城市场景够用，但轻越野需要低速扭矩爆发和四轮独立驱动力分配，双擎前驱为主的架构，遇到交叉轴或单轮打滑，明显力不从心。

BJ30多了一个后桥驱动电机。三个动力源各司其职：发动机负责高效巡航，前电机负责日常起步补能，后电机负责随时爆发的低速扭矩和后轮驱动力。这不是“多一个电机多一个卖点”，是轻越野场景对四驱能力的刚性需求，倒逼出的技术选择。

六种工作模式：纯电、串联、并联、发动机直驱、能量回收、驻车充电，覆盖从城市堵车到高速巡航到爬坡脱困的全场景。

你不用动脑子去选，系统自己判断切换。这才是HEV在轻越野场景里的真正价值：不是让你在六种模式里做选择，是让六种模式替你做选择。

脱困能力上，电控能量中锁毫秒级调配前后轴动力，四轮电子限滑0.03秒介入分配单轮扭矩。5928N·m最大轮端扭矩，泥地、沙地、交叉轴随便玩。

但要说清楚边界：BJ30的“野”，是周末带着家人走一段非铺装路面去看日落的野，不是扛着绞盘去无人区的野。搞清楚这一点，你就知道它已经超越大多数SUV。

五国实测油耗不超5L

“省油”这两个字在汽车营销里快被说烂了。BJ30在国外做了测试，让五个国家的博主，在各自国家的极端路况下实测。南非野生动物保护区非铺装路面4.9L，印尼早高峰拥堵开空调5.0L，阿联酋高温荒漠4.9L，波兰冰雪盘山路连续爬坡4.85L，墨西哥105公里颠簸石板路4.4L。

这些场景比任何标准工况都更接近轻越野用户的真实用车环境。

咱也可以算笔账：同样一年跑15000公里，按照0.65元/公里计算，同级最省油的SUV一年油费接近1万块，BJ30旅行家HEV大约6千。一年省4000，对于7到10万预算的家庭用户来说，养车无需在额外负担。

高光版升级

这次同步上市的高光版，在HEV架构上做了三个升级：后电机功率从55kW提升到70kW，VGT可变截面涡轮增压上车，AGM长寿命电瓶替换普通电瓶。

翻译成大白话，后电机功率提升27%，并线超车时动力更跟脚，不用等转速爬升；VGT让涡轮在低转速就能介入，起步更轻快；AGM电瓶循环寿命是普通电瓶的3倍。

三个升级的原因：不是加配置，是补短板。补的是日常用车最容易被感知的痛点。

15万台，对北京越野意味着什么？

北京越野六十多年，一直干硬派越野。BJ30的15万台，是一个硬派越野品牌第一次真正走出硬核圈子，被主流家庭用户接受了。这15万人里，大多数以前可能没正眼看过北京越野，他们冲的不是“越野世家”的招牌，而是一道简单的算术题：7万块，混动方盒子，省油能装，还能偶尔走烂路。算明白了，提车。

说说HEV

HEV的缺点：没有绿牌，没有购置税减免，在限购城市这是硬伤；纯电续航电池小，别指望当电车开；

但如果你不在限购区域，对充电内心排斥，想要一台日常省油、轻越野还有劲儿，周末喜欢露营、钓鱼，7万块起就能开走的车，HEV在这个用车场景里比插混和纯电都更适合。

我们并没有纯电、插混不好，而是技术没有绝对的先进与落后，只有在特定条件下，适合最重要。

但在轻越野这个“既要又要还要”的苛刻市场里，至少目前来看，BJ30 HEV交出的答卷，分最高。

6.99 万元就能入手一台大七座轻越野 SUV？放在几年前，多数人都会觉得是天方夜谭。6 月 12 日，北京越野在株洲超级工厂迎来 BJ30 旅行家第十五万台下线，同步推出年度新款高光版车型，并放出全系 3 万元超级置换政策：燃油标准版超级置换价低至 6.99 万元，全新高光版车型置换后 8.29 万元起。

除了直降 3 万的购车福利，北京越野还配套了五重尊享权益：首任非营运车主赠送整车终身质保，0 首付等多种金融方案降低购车门槛，老客户转介绍可享至高 800 元奖励，全系终身免费 OTA 升级，基础流量终身免费、娱乐流量 2 年不限量。恰逢世界杯期间，购车用户还可参与冠军竞猜活动，精准命中冠军与决赛比分，最高可再享 5 万元购车补贴。

作为中国轻越野 SUV 市场最快突破 15 万台的车型，BJ30 旅行家的走红从来不是靠低价噱头。支撑起十五万用户选择的，是其 “超野、超大、超省” 的全能产品力 —— 它把过去只属于小众圈层的轻越野体验，拉到了普通家庭触手可及的位置。

超省：全周期用车成本压到同级低位

对于绝大多数家庭用户而言，买车只是第一步，长期用车成本才是真正的 “隐形开销”。BJ30 旅行家的 “超省”，恰恰击中了用户 “省油、省时、省心” 的核心诉求，把全周期用车成本压到了同级极低水平。

省油是最直观的优势。此前南非、印尼、阿联酋、波兰、墨西哥五国本土汽车博主，在各自国家的典型路况下完成了油耗实测，从城市拥堵早高峰、荒漠高温公路，到冰雪盘山路、颠簸非铺装路，BJ30 旅行家在所有场景下的百公里油耗均未超过 5 升：南非野生动物保护区的非铺装路面低至 4.9 升，墨西哥百余公里石板路更是跑出了 4.4 升的成绩。

换算到日常用车场景，按一年行驶 1.5 万公里计算，同级普通燃油 SUV 的油费开支接近万元，而 BJ30 旅行家仅需七千余元，五年下来仅油费就能省下上万元。这份节油能力的背后，是历经全球超 2600 万用户验证的成熟 HEV 混动技术，无需外接充电、加油即走，彻底摆脱了找充电桩、申请安装私人桩的麻烦，一年能为用户省下数十小时的补能时间，对于节奏紧张的家庭用户而言，这份时间价值同样不可忽视。

更重要的是 “省心”。BJ30 旅行为首任车主提供整车终身质保，覆盖发动机、变速箱及绝大多数零部件，没有高压电池包的安全隐患，日常保养流程简单、配件供应充足，即便在偏远地区也能轻松维修。此次发布会现场，央视财经直播拆解了一台行驶 15 万公里的 BJ30 旅行家，拆开后发动机涡轮积碳极少、动力输出依旧充沛，变速箱无漏油无齿轮磨损，电池包没有鼓包衰减，底盘部件无锈蚀渗油，整体状态与新车差距极小，直观印证了车辆长期使用的可靠性，也让用户不用为后期维修成本焦虑。

超大：把车内每一寸空间都用到实处

家庭出行，空间永远是刚需。BJ30 旅行家的 “超大”，不是单纯堆砌车身尺寸，而是通过高得房率设计，把车内每一寸空间都用到了实处。

2820 毫米的超长轴距，搭配 66% 的超高得房率，让这台十万元级 SUV 实现了三排七座的实用布局。不同于很多七座 SUV “第三排仅适合儿童” 的鸡肋设计，BJ30 旅行家的第三排达到了 B 级空间水准，1.8 米的成年人乘坐也不会出现膝盖顶靠背、头顶擦车顶的局促感，全家老小一同出行时，每个人都能拥有舒适的乘坐体验。日常通勤时第三排放倒，就能获得规整的后备箱空间，兼顾了日常实用与多人出行的需求。

装载能力同样亮眼。常规状态下后备箱已能容纳多件登机箱与露营装备，后排座椅纯平放倒后，后备箱容积可达 1496 升，同时形成一张 1.92 米的纯平大床，周末自驾露营时不用搭建帐篷，铺上床品就能直接休息，搭配 1.05 平方米的全景天窗，夜晚躺着就能看星空，相当于自带移动旅居空间。不管是搬家装载大件行李、返程时装满家人准备的土特产，还是带上全套滑雪、露营装备出行，都不用为空间发愁。

细节处的储物设计同样贴心，全车共有 38 处储物空间，雨伞、保温杯、儿童玩具、随身电脑等小物件都能找到专属放置位置，不用在车内到处零散堆放，日常用车的整洁度与便利性大幅提升。

超野：不止外观，更有硬核越野技术打底

方盒子造型的 SUV 不少，但真正能扛住烂路考验的 “真轻越野” 并不多。背靠北京越野六十余年的专业越野技术沉淀，BJ30 旅行家的 “超野”，是从动力架构到脱困能力的全维度硬核实力。

它搭载的三擎四驱六模 HEV 混动架构，是中国方盒子 SUV 品类中的首款 HEV 混动方案。所谓 “三擎”，指的是一台 41% 热效率的混动专用发动机，加上前、后两台驱动电机，相比传统双擎混动多了一台后桥驱动电机：发动机擅长长距离巡航节能，前电机负责实时补能与动力辅助，后电机则负责瞬时动力爆发与四驱脱困，三者各司其职，兼顾了油耗与动力表现。

智能电四驱的响应速度达到 30 毫秒，0.5 秒即可输出峰值扭矩，搭配电控能量中锁与四轮电子限滑系统，能在车轮打滑的瞬间精准分配动力，最大轮端扭矩可达 5928N・m，泥地、沙地、交叉轴等常见轻越野场景都能轻松应对。智电 ATS 全地形系统提供多种越野模式，用户只需转动旋钮切换对应场景，车辆就会自动调整动力与底盘设定，即便是越野新手也能轻松上手。

六大驾驶模式可自动切换，纯电、串联、并联、发动机直驱、能量回收、驻车充电等模式智能匹配当前路况，城市通勤时平顺省油，高速巡航时动力充沛，户外脱困时四驱全力输出，不用驾驶员手动调节，就能始终保持最优工作状态。安全层面同样沿用了专业越野的标准，笼式车身中高强度钢占比达 63.4%，关键部位全覆盖热成型钢，研发阶段历经 400 万公里极端环境耐久测试，全场景验证了车辆的可靠性。

十五万台里程碑：把越野平权落到实处

此次十五万台下线暨高光版上市，对北京越野而言，不只是一次新品发布，更是 “越野平权” 理念的再次落地。过去，越野生活往往和高价硬派越野绑定，普通家庭很难触及；而城市 SUV 又只能应对铺装路面，无法满足用户亲近自然的需求。BJ30 旅行家的出现，就是用亲民的价格，把 “城市通勤 + 全家出行 + 轻越野” 三种能力整合到一台车上，让更多家庭不用为了单一需求妥协，也不用为了偶尔的户外体验付出过高成本。

全新推出的高光版车型，正是基于十五万车主的真实反馈打磨而来，在原有全能属性的基础上，从颜值、性能、体验三个维度完成升级：外观新增专属车漆与潮改套件，更贴合年轻用户的个性化需求；性能上换装寿命 3 倍于普通电瓶的 AGM 专用电瓶，后电机功率从 55 千瓦提升至 70 千瓦，还搭载了保时捷同款可变截面涡轮增压技术，动力响应与供电稳定性进一步提升；体验层面加入座椅加热通风、方向盘加热、雨滴感应自动关窗、随音乐律动的 64 色氛围灯等配置，把座舱打造成更舒适的移动空间。

而央视直播拆车与探厂的环节，则是把品质完全摆到台面上。从 15 万公里老车的真实车况，到株洲工厂百分百自动化的焊接、高精度冲压、环保喷涂工艺，北京越野用最直白的方式回应了消费者对 “低价是否低质” 的顾虑 —— 亲民的价格不代表缩水的品质，普通家庭同样能拥有耐用、可靠、全能的出行伙伴。

十五万台不是终点，而是新的起点。当轻越野不再是小众爱好，而是成为普通家庭的日常出行选项，才是这场发布会真正的价值所在。

At the beginning of June, various automakers successively released their sales performance reports for May 2026. According to the forecast data released by the CPCA (China Passenger Car Association) on May 23, domestic new energy passenger car retail volume was expected to reach 950,000 units, penetration rate approximately 62.5%, setting a new historical high. This data further confirms the continued deepening of electrification transformation, as the new energy vehicle market is steadily transitioning from "policy-driven" to "market-driven".

Looking at specific sales data, the top tier pattern of new forces experienced severe differentiation in May - Leapmotor led by a "huge gap" with monthly sales exceeding 80,000 units. At the same time, traditional auto groups represented by BYD, Changan, Geely, etc., saw their self-incubated new energy brands also show a collective surge in volume in May, and the strategic value of multi-brand matrices is accelerating realization.

New Forces Matrix: Leapmotor 80,000+ "Huge Gap Lead", Multiple Brands Gathered in the 30,000 Bracket

The new forces market pattern in May showed distinct tiered characteristics: Leapmotor exceeded 80,000 units in a single month, forming a leading advantage; NIO, relying on three-brand synergy, reached sales volume of 37,700 units; Li Auto, Xpeng, Xiaomi, AITO, and other brands were concentrated in the 30,000-35,000 unit range, forming the most competitive core battlefield.

Image Source: Leapmotor

Leapmotor became the undisputed biggest highlight of May. According to Leapmotor official data, May total delivery volume reached 81,569 units, year-on-year growth 81%, month-on-month growth 14.26%, once again breaking the brand's single-month delivery historical record. Leapmotor also became the first enterprise among Chinese new automakers to exceed 80,000 units in single-month delivery.

Looking at specific models, Leapmotor A10 exceeded 20,000 units in single-month delivery, D19 new orders continued to maintain above 10,000 units, C Series global cumulative sales already exceeded 800,000 units. By the end of May, Leapmotor cumulative delivery in the first five months exceeded 300,000 units.

Leapmotor's 2026 annual sales target is 1.05 million units. Behind this ambition is Leapmotor Chairman Zhu Jiangming's proposed "2026 Sprint to 1 Million Units" strategic goal. With June C Series refresh, D99 pre-sale, and Lafa5 large-scale overseas expansion, Leapmotor is expected to launch a shock at the new milestone of 90,000 units monthly delivery.

Image Source: NIO

NIO Company also showed steady performance in May. Data shows, NIO May delivery of new cars 37,705 units, year-on-year growth 62.3%, month-on-month growth 28.4%.

NIO's growth benefits from the strategic effectiveness of three brands working together - NIO brand delivered 20,013 units, year-on-year growth 50.8%; ONVO brand delivered 12,029 units, year-on-year growth 91.5%, month-on-month increase as high as 124.8%; Firefly brand delivered 5,663 units, year-on-year growth 53.9%.

From the product level, flagship SUV NIO ES8 sold 11,475 units in May, maintaining competitiveness in the high-end market above 400,000 yuan. By the end of May, NIO company cumulative delivery this year reached 150,500 units, year-on-year growth 68.7%, cumulative delivery total has reached 1.148 million units.

Li Auto May delivery 33,350 units, by end of May historical cumulative delivery volume has reached 1.703 million units. Li Auto Chairman and CEO Li Xiang stated, since first quarter this year delivery volume has entered a growth track, among them Li Auto i6 delivered volume exceeded 20,000 units for three consecutive months, stable in top three pure electric SUV sales; May, new Li Auto L9 officially released and started delivery, L Series models entered new upgrade cycle, new L9 Livis order volume exceeded 10,000 units within two weeks of release.

Image Source: Xpeng

Xpeng Group May delivery 32,158 units, month-on-month growth 3.7%, creating a new monthly delivery high since 2026. This growth mainly stems from the continuous effort of existing product matrix - 2026 Model P7+, G6, G9 and G7 Super Range Extender versions etc. models have completed capacity ramp-up, MONA M03 maintains hot sales in 150,000 yuan level pure electric market.

On May 20, new tech flagship Xpeng GX officially launched and started delivery, providing pure electric and super range extender two power, total 8 models, 12 hours after launch firm orders reached 24,863 units, among them Ultra flagship version ratio exceeds 80%.

Xiaomi Auto May delivery volume continued to exceed 30,000 units, holding steady the "30,000+" step for the second consecutive month. Xiaomi has evolved from early SU7 "single product holding the flag" to SU7 Series and YU7 Series dual-line parallel product pattern.

By end of May, Xiaomi Auto first five months cumulative delivery volume approx 140,000 units, completed full year 550,000 units delivery target 25.5%. As a new force entered market only two plus years, Xiaomi maintaining monthly sales 30,000+ level already belongs to difficult, but second half year average monthly delivery needs to reach approx 55,000 units to achieve full year target, challenge still exists.

Image Source: HarmonyOS Intelligent Alliance

May 2026, HarmonyOS Intelligent Alliance single month delivery volume reached 46,122 units, achieving year-on-year and month-on-year dual growth. Among them, AITO Auto full series models May delivery 34,320 units, month-on-month growth 48.2%, 1-5 months cumulative year-on-year growth 28.7%.  

New generation AITO M9 launched 24 hours firm orders exceeded 20,000 units, and achieved launch and delivery immediately; AITO M6 launched first month delivery exceeded 20,000 units.

From competitive landscape perspective, besides Leapmotor, remaining several new force brand delivery volumes front and back gap not big, ranking may interchange at any time, pattern highly dynamic. From this "30,000 bracket cluster", it can be seen, new forces from "break 30,000" to "stand firm 40,000" still need to cross growth threshold - this both tests product matrix richness, and puts higher requirements on supply chain management and delivery system.

Domestic New Energy: Multiple Brands Work Together, Enter Fast Lane

In the domestic new energy brand matrix that traditional auto groups are accelerating promoting, May also handed in an outstanding answer sheet. Looking at overall data released by major vehicle groups, the trend of steady improvement in new energy penetration rate is converting into tangible sales volume scale.

Image Source: BYD Auto

BYD May sales 383,000 units, ranking first in industry, among them passenger car sales 377,000 units. Dynasty Network and Ocean Network sales 330,200 units, still BYD sales cornerstone; Fangchengbao sales 30,186 units; Denza sales 16,303 units; Yangwang sales 286 units.

In terms of overseas market, BYD May export new energy vehicles total 160,600 units, year-on-year growth 80.7%, creating new historical high again.

Geely Auto May group total sales volume 238,000 units, realized same month-on-month dual growth for three consecutive months. That month new energy model sales volume 133,000 units, accounted for sales volume ratio 56.1%, exceeded 50% for four consecutive months.  

Underlying Zeekr brand May delivery 34,377 units, year-on-year growth 81.8%, creating new historical high again - Zeekr 009, 9X, 8X etc. models ratio nearly 50%, driving brand single car transaction average price year-on-year increase 52.4%, holding steady in luxury brand camp.

Lynk & Co brand May sales 20,732 units, new energy sales 14,688 units, month-on-month growth 17%, new energy sales ratio as high as 71%.

Image Source: Changan Auto

Changan Auto May global delivery 209,000 units, new energy vehicle delivery 92,000 units. Changan electrification transformation shows multi-brand matrix head-to-head competition characteristic: Changan Qiyuan May delivery 34,528 units, among them new Q05 delivery 15,812 units, Thailand launch three days orders exceeded 3,000 units; Deepal Auto May global sales 33,243 units, year-on-year growth 30%, 1-5 months overseas cumulative sales 28,704 units, year-on-year growth 167%; Avatr May delivery 7,336 units, showing continuous upward trend. Sorting out data of each month this year, Avatr from January 2,216 units, February 4,033 units, March 5,143 units, April 5,279 units climbed up to May 7,336 units, visible its growth momentum.

SAIC Motor Group May vehicle sales volume 349,000 units, among them new energy vehicle sales 182,000 units, year-on-year growth 46.49%. Underlying IM Motors May delivery 10,023 units, holding steady 10,000 unit gateway for two consecutive months, 1-5 months cumulative sales year-on-year growth 115%; SAIC Passenger Car new energy 1-5 months cumulative reached 174,000 units, year-on-year surge 195%, MG4 Family 8 months sales broke 10,000.

Image Source: eπ Tech

Dongfeng system domestic new energy brands also performed outstandingly. Dongfeng eπ Tech May delivery 24,830 units, year-on-year growth 42%, 1-5 months cumulative delivery 109,600 units, overseas market year-on-year growth 194%. Voyah Auto May delivery 13,003 units, year-on-year growth 30%, 1-5 months cumulative delivery 62,041 units, year-on-year growth 35%.

Hyper Aion BU May sales 33,140 units, year-on-year growth 23.76%, among them Aion i60 monthly sales continued over 10,000. Arcfox Auto May sales 17,943 units, year-on-year growth 32.82%, overall performance steady, Alpha S5, Koala etc. models are its main force models, May started pre-sale Arcfox Beta S3 and launched Wayfind V9 future will further support its overall sales.

Conclusion:

From overall industry view, May new energy penetration rate approx 62.5%, new high again. Domestic brands have become important market force, traditional big factory late advantage showed - Geely new energy ratio exceeded 56%, Changan new energy approaching 100,000 units, SAIC new energy year-on-year increase over 46%. But there is a problem still cannot ignore, multi-brand matrix at the same time covering segmented markets, also faces resource integration and internal friction control test.

Looking forward subsequently, as multiple new models enter delivery cycle, new energy market expected to continue growth. Can Leapmotor stabilize "One Super" status? Who in 30,000 bracket cluster will break out first? These will be the highlights coming next.

    Recently, the 2-ton class unmanned cargo eVTOL—V2000CG Kairuiou, independently developed by AutoFlight, an ecosystem enterprise of CATL, was officially awarded the Type Acceptance Certificate (Validated Type Certificate, hereinafter VTC) issued by the Indonesia Civil Aviation Authority (DGCA), becoming the world's first eVTOL model to receive overseas type acceptance.

    As the world's first eVTOL "International Visa", the issuance of Indonesia's VTC proves that AutoFlight V2000CG's design meets both the airworthiness standards of the country of origin (China) and the airworthiness requirements of the importing country (Indonesia). This VTC achieves a historic breakthrough in the globalization layout of China's low-altitude intelligent manufacturing enterprises and provides prerequisites for the V2000CG to start commercial operations in the "Land of Ten Thousand Islands".

    China-Indonesia Bilateral Civil Aviation Airworthiness Examination, Verifying China's Low-Altitude Intelligent Manufacturing Strength

    The acquisition of the Type Acceptance Certificate (VTC) involves the bilateral civil aviation authorities' deep examination and comprehensive benchmarking of the application model's airworthiness standards. Previously, V2000CG completed comprehensive compliance verification tests and test flights, and was issued a Type Certificate (TC) by the Civil Aviation Administration of China in March 2024.

    On the basis of holding the TC issued by the Civil Aviation Administration of China, in July 2025, AutoFlight submitted an airworthiness acceptance application to DGCA. After confirming that V2000CG fully meets Indonesia's airworthiness requirements through work such as comparative analysis of differences in bilateral airworthiness standards, multiple rounds of online technical seminars, review of the complete set of technical data, visits by the Indonesia Civil Aviation Authority to AutoFlight, and on-site inspection of the power battery provider CATL, the Indonesia Civil Aviation Authority officially issued the Type Acceptance Certificate (VTC) on June 3, 2026.

    Indonesia possesses a complete domestic autonomous development and aircraft manufacturing industrial foundation in Southeast Asia, with strong aircraft airworthiness examination capabilities. The successful acquisition of this Indonesia VTC demonstrates the rigor, authority, and international recognition of China's civil aviation airworthiness examination system, helping China's low-altitude economy airworthiness standards to go global.

    Solving Logistics Problems in the "Land of Ten Thousand Islands", Opening the Global Scenario Landing Closed Loop

    As the world's largest archipelagic country, Indonesia has over 17,000 islands, with relatively limited port infrastructure. Traditional sea shipping takes a long time and is low in efficiency, traditional air transport relies on runways and has high costs, and transportation of goods and emergency supplies between islands still requires efficient solutions.

    AutoFlight V2000CG precisely adapts to market demands in Indonesia and its underlying Southeast Asia. The aircraft has a maximum takeoff weight of 2,000 kg, a cruising speed of 200 km/h, and a range of 200 km. Relying on the composite wing configuration advantage, fully electric drive low-carbon environmentally friendly, vertical takeoff and landing without runway, it precisely adapts to the cross-island transportation demands of high value-added goods such as fresh produce, medicines, emergency materials, etc., on the Indonesia market, providing a new low-altitude solution for the island logistics system of the entire Southeast Asia region.

    Technical Verification Promotes Commercial Landing, China's Low-Altitude Solution Empowers Global Markets

    Currently, the low-altitude economy is moving comprehensively from technical verification to commercial landing. As the world's first and only ton-class eVTOL to obtain the "Airworthiness Three Certificates" (TC, PC, AC) issued by the Civil Aviation Administration of China, V2000CG Kairuiou had previously completed flight applications in domestic scenarios such as marine platform operation and maintenance, island guarantee transportation, and emergency fire rescue.

    The official award of Indonesia VTC this time further accelerated the industrial closed loop of eVTOL "Technical Verification - Airworthiness Certification - Overseas Landing". With the landing and operation of V2000CG in the Indonesia market, AutoFlight will strive for the commercial operation expansion of more aircraft models in larger markets globally.

    An AutoFlight representative stated that the VTC certificate of the world's first eVTOL is not only the authoritative recognition of AutoFlight's core technology and safety system by both civil aviation authorities, but also an important benchmark for China's low-altitude economy solution empowering countries along the Belt and Road Initiative. In the future, AutoFlight will continue to export China's low-altitude intelligent manufacturing technology and operation solutions in partnership with CATL, helping more countries and regions with limited geographical environments and insufficient transportation efficiency unlock new possibilities for the low-altitude economy, constantly leading the global ton-class eVTOL overseas track.

6月6日，212越野车环塔收官庆典在青岛举行。著名体育赛事主持人韩乔生、职业赛车手韩魏、212越野车厂商队车手、用户队车手以及技术后勤团队等环塔亲历者齐聚一堂，共同回顾了212越野车车队在本届环塔拉力赛中的极限征程。

在刚刚落幕的2026中国环塔国际拉力赛中，212越野车车队以接近原厂状态的量产车出战，在总里程7500公里的极限征程中，完成“2.0T对阵3.0T”的越级挑战，接连在SS10-SS13赛段斩获“两冠一亚”的佳绩，最终成为T2.1量产组厂商队唯一100%完赛的品牌，且荣获该组别厂商队亚军。

本次的参赛车辆T01无重度赛事改装，其搭载环塔同款动力总成——2.0T发动机与采埃孚8AT变速箱，经过赛事全程检验，低扭爆发强劲，在戈壁爬坡、满载拖拽时媲美大排量车型；配合博格华纳大分动器，高低速切换迅捷，在4L模式下可将扭矩放大2.64倍，实现扭矩按需分配，确保长途穿越动力输出稳定且不易故障。车身结构方面，T01采用非承载式车身搭配前后整体桥，在越野颠簸路面与炮弹坑中行驶车身不变形，重载翻越时抗扭性拉满；底盘基于环塔极限路况进行专项优化调教，原厂出厂即可从容适配各种复杂路况，且全车车身采用镀锌板，无惧戈壁碎石剐蹭，不易锈蚀。此外，T01还强化了乘员舱的顶部承载力，性能提升16%，配合笼式乘员舱设计、540°全景影像、行车记录仪以及紧急呼叫救援等功能，为乘员人身安全提供了全方位的守护。

为了让更多用户切身感受环塔赛事的魅力，212宣布环塔改装套件即将登陆官方商城。套件涵盖底盘护甲、防脱轮毂、越野轮胎及脱困救援装备等，旨在为用户的爱车赋予更强大的越野实力。从极限赛场的严苛验证，到用户生态的持续深耕，212正依托赛事、产品与用户的深度互动，帮助普通人实现越野梦。212越野车营销公司总经理何兆鹏表示：“212要把越野文化普及，让更多人心里那颗关于远方和梦想的种子，有机会生根发芽。”

关于未来的赛事计划，212也表示，达喀尔拉力赛、马来西亚沙巴国际雨林赛、阿拉善T3挑战赛及2027环塔拉力赛等一系列国内外顶级赛事均在规划之中，212将持续以赛促研。同时，212正式启动2027环塔用户车手招募计划，并将携手韩魏成立冠军越野培训学院，为用户提供系统化的赛前指导和参赛机遇。通过赛事打磨产品、依托培训赋能用户，212 正一步步落地全民越野的愿景，让每一台 212 都承载起属于用户的环塔梦。

On May 15, Geely Automobile (00175.HK) released an announcement on the Hong Kong Stock Exchange regarding an apparently modest sum, yet carrying extremely strong signaling significance.

The announcement shows that Geely Automobile will acquire 100% equity of Radar Automotive (Shandong) Co., Ltd., Radar Automotive Sales Co., Ltd., and its Thai subsidiary Radar Thailand for a cash consideration of approximately RMB 218 million.

After the transaction, this new energy pickup brand incubated by Geely Holding Group for three years will officially transition from a "group test bed" to a core business segment of the listed company Geely Automobile, and its financial performance will also be consolidated into the listed company's financial statements.

This is not a simple internal asset transfer, but a thoughtful strategic positioning and resource reallocation by Geely Automobile after the new energy vehicle competition has entered deep waters.

Underlying this reflection is the Chinese automotive industry's collective bet and fierce competition on the next potential niche market during the electrification transformation.

Transaction Breakdown: A Cost-effective "Internal Deal"

According to the announcement, this acquisition consists of three parts: Zhejiang Jirun Automobile Co., Ltd. invests RMB 159 million to acquire 100% equity of Radar Automotive (Shandong); Zhejiang Geely Holding Group Automotive Sales Co., Ltd. acquires all equity of Radar Automotive Sales Company for RMB 59 million; and two overseas entities under Geely acquire all shares of Thai subsidiary Radar Thailand for RMB 0.49 million. The total consideration is RMB 218 million, which is basically consistent with the fair value assessment of the three companies, with no obvious premium.

Radar Automotive (Shandong) is the core operating entity, controlling all core assets and value of pickup products, covering full industry chain management from R&D, manufacturing to sales. Radar Automotive Sales Company is responsible for domestic channel operations, while the Thai subsidiary established in July 2024 is a key pivot for going overseas to Southeast Asia.

From a financial data perspective, this transaction is a cost-performance choice for Geely Automobile. Radar Automotive (Shandong) achieved a profit of RMB 67.743 million in 2024, although it turned into a loss of RMB 8.646 million in 2025, but its sales company achieved turnaround to profit in the same year, earning RMB 12.325 million.

Geely used a cost of just over RMB 200 million to include a brand that has already established a leading position in the niche market, with annual sales over 10,000 units and complete assets and technology, under its wing. This calculation is shrewd.

Radar Automotive was born in 2021, released the brand in 2022 and launched its first pure electric pickup RD6, focusing on passengerized and electrified pickup tracks. In the past three years, it has existed as an independent incubation project under Geely Holding Group, maintaining a peer-to-peer relationship with listed company Geely Automobile. This structure was conducive to rapid decision-making and flexible trial-and-error in the initial stage, with the group bearing innovation risks.

However, when the Radar brand ran through the business model in three years, sales accounted for more than 60% of the country's total new energy pickup sales in 2023, its strategic value is no longer negligible. This "incorporation" marks that Geely Automobile officially elevated new energy pickups from an "marginal innovation project" to a "core strategic category".

Geely Automobile CEO Gui Shengyue once stated that Geely's new energy vehicle development should achieve balanced development in all fields, covering luxury, mid-to-high-end, mass market and all categories such as MPV, SUV, pickup, etc. Acquiring Radar is precisely filling the last piece of the puzzle for its key niche market that combines passenger, commercial, and off-road attributes in pickups.

Looking deeper, this is the accelerated implementation of Geely's "One Geely" strategy. In recent years, Geely has continued to streamline the number of brands and subsidiaries. This time injecting the matured Radar business into the listed entity aims to open up product planning, supply chain and channel resources, and improve overall operational efficiency. The holding group is responsible for early incubation and risk isolation. After the model is run through, it is handed over to the listed entity for scale operation, becoming a typical paradigm for Geely to seek balance between risk and efficiency.

Industry Tug-of-War: Has the "Turning Point" of New Energy Pickups Arrived?

Geely's heavy bet on new energy pickups at this time is by no means accidental. The entire market is welcoming the "eve" of structural changes.

In 2025, China's new energy pickup sales soared to 73,000 units, a year-on-year surge of 243%, with growth speed far exceeding the overall level of 11.8% of the pickup market. Although its penetration rate in the entire pickup market is still only about 9.15%, the growth momentum is extremely rapid.

Currently, the new energy pickup market has formed the prototype of "one superpower and multiple strong forces". Geely Radar, relying on first-mover advantage and "pure electric + plug-in hybrid" dual-line layout, steadily sits in the top spot, with full-year insured vehicle volume reaching 13,040 units in 2025.

However, challengers are flocking in. BYD "Shark" pickup is about to land in the domestic market; Chery restarts the Rexis brand and launches pure electric pickup R08 EV; Changan enters with the extended-range technology route and launches the Hunter series; JAC, Great Wall and other traditional pickup heavyweights are also increasing investments in hybrid and pure electric products.

Another battle around pure electric, plug-in hybrid, extended-range technology routes, as well as price range and scenario definition has already begun.

Going overseas is the bigger chessboard. At the 2025 Shanghai Auto Show, GAC Group Chairman Feng Xingya also told the media: "If we want to enter the global market, we must take over the pickup market." According to his estimate, if removing China's car sales, the proportion of global pickup sales to global car sales is about 10%.

China's pickup export volume has reached 300,000 units in 2025, accounting for more than 50% of the total pickup sales. In traditional pickup strongholds such as North America, Australia, and Southeast Asia, electrification transformation is also gaining momentum.

Radar enters Southeast Asia with Thailand as a stepping stone, but fighting alone has high costs and slow network building. After being incorporated by Geely Automobile, Radar can seamlessly access Geely's mature global distribution system and expand quickly to more markets.

Geely Australia executives have revealed that they are developing a new rugged new energy pickup more tailored to the Australian market demand, planned to be listed within the next 1-3 years, directly benchmarking Ford Ranger and Toyota Hilux. This indicates that Geely's ambition is by no means just reigning in the domestic market, but intends to get a share of the pie in the new energy transformation of the global pickup market.

After the sedan and SUV markets are rolled into a "red ocean", pickup - this once niche market, is becoming a key battlefield for car companies to seek growth breakout and explore new paths for going overseas.

This acquisition is a brilliant move on Geely's chessboard, and also a microcosm of the competition dimension of China's new energy vehicle industry being widened again. When pickups meet new energy, the story has just begun.

隨著電動化、智能化全面深化，汽車主流供應鏈企業開始從幕後走上台前，喺汽車產業大變局同汽車產業生態重構過程中實現角色躍遷，而不係侷限於往昔車企嘅配套者。其「上位」嘅底層邏輯係，借力電動化、智能化新賽道，實現技術範式轉換，達成技術溢價，同車企成為新汽車底層技術棧嘅共同定義者同平等參與者，進而實現品牌溢價，影響力直接觸達消費端。汽車供應鏈企業迎來全面進階嘅戰略性發展機遇。

圍繞供應鏈企業進階，《汽車縱橫》特作本期「封面故事」專題報道。

而家，新能源產業正站喺新嘅歷史節點。喺呢場能源革命同科技革命交匯、現實同未來疊加嘅歷史進程中，寧德時代始終以行動回答一個問題：點樣喺不確定嘅世界入面，構建確定性嘅長期價值？

寧德時代財報顯示，其 2025 年營業額高達 4237.02 億元，純利為 722.01 億元，全球市場份額達 39.2%，連續 9 年動力電池裝車量排名全球第一。值得關注嘅係，呢家處於整車製造上游嘅供應鏈企業，去年純利超過咗 13 家主流整車上市公司嘅利潤總和。「車企俾寧王打工」嘅調侃，似乎已照進咗現實。

呢一現象背後，係寧德時代對全球主流車企嘅影響力。而一切嘅起點，正係動力電池喺新能源汽車產業中嘅核心地位——動力電池約佔整車 40% 成本，係新能源汽車毋庸置疑嘅「心臟」。對整車企業嚟講，穩定可靠嘅電池供應，早已從基礎保障性需求，升維為關乎產品競爭力同長期發展嘅核心戰略需求；對寧德時代嚟講，點樣將「頭部客戶」轉化爲「戰略盟友」，同樣係決定其商業版圖天花板嘅關鍵課題。

咁，寧德時代究竟係點樣憑一己之力「綁定」近半個汽車圈呢？究其原因，從動力電池供應商到全域能源生態服務商，寧德時代用十幾年時間構建起一套覆蓋資本、產能、研發、保供、生態等全方位嘅深度綁定體系。正係呢套體系，將全球主流整車企業牢牢納入自身產業版圖，實現咗從「賣電池」到「定標準、建生態」嘅躍遷，亦徹底重塑咗供應鏈企業同整車企業之間嘅「整零」關係。

資本綁定

喺電動化重構汽車工業嘅浪潮中，寧德時代跳出傳統供應商「供貨收錢」嘅單一模式，以直接投資、戰略入股、合資控股等多元資本手段，深度滲透整車企業股權結構，將供需關係升級為利益共同體、戰略共生體，從資金、話語權、資源層面實現全方位綁定，筑牢產業話語權根基。

據不完全統計，截至 2026 年 5 月底，寧德時代通過直接或者間接方式投資入股嘅新能源整車企業超過 10 家。最新嘅動作係，2026 年 5 月 25 日，賽力斯集團发布公告，其旗下子公司重慶藍電科技有限公司獲得五家投資方合計 66.71 億元增資，喺投資方名單中，寧波梅山保稅港區問鼎投資有限公司（以下簡稱「問鼎投資」）以 9.84 億元嘅出資額位列第三，持股比例 9.878%。而呢家問鼎投資正係寧德時代 100% 持股嘅子公司。

稍早前嘅 2026 年 5 月 12 日，廣汽集團同華為乾崑聯合打造嘅高端智能新能源汽車品牌啟境汽車宣布，已完成總額超 10 億元嘅戰略增資，由寧德時代、博世旗下嘅投資平台以及多家央國企資本投資。據了解，寧德時代此次投資亦係通過全資控股嘅問鼎投資實繳出資 3 億元，為單一最大投資方。

事實上，寧德時代嘅投資版圖遠遠唔止呢些。喺新能源江湖入面，「寧王」唔只係個賣電池嘅，仲好似一個拿著資本地圖到處「組局」嘅超級玩家。2021 年，寧德時代豪擲 7.7 億元，以 23.99% 嘅持股比例成為阿維塔嘅第二大股東，當時形成咗獨有嘅 CHN（即長安 + 華為 + 寧德時代）模式。作為回報，阿維塔唔只全系標配寧德時代電池，仲全球首發咗寧德時代嘅磐石滑板底盤。

此外，寧德時代仲係極氪汽車嘅早期投資人，參與咗極氪嘅 Pre-A 輪融資。寧德時代唔只通過問鼎投資持有奇瑞約 2.97% 嘅股份，雙方仲成立咗註冊資本 20 億元嘅「時代奇瑞」合資公司。上汽同寧德時代其實早係老搭檔，寧德時代持有上汽旗下智己汽車約 0.48% 嘅股份。喺北汽新能源 2024 年底嘅超 80 億元大融資中，寧德時代出資 2 億元入股。

喺商用車領域，2026 年 3 月，寧德時代旗下嘅溥泉資本參與領投咗零一汽車 12 億元嘅融資。2025 年 11 月，一汽解放公告對合資公司「解放時代」增資 1.91 億元，寧德時代同步增資，三方合計增資 4.12 億元，呢家成立於 2023 年、由一汽解放同寧德時代各持股 50% 嘅合資企業，唔過係寧德時代近年來通過資本紐帶深度綁定整車廠嘅縮影而已。

喺海外市場，寧德時代同樣採用合資參股邏輯。2024 年 12 月 10 日，寧德時代同 Stellantis 各持股 50%，投資 41 億歐元喺西班牙薩拉戈薩建設一座大型磷酸鋰鐵電池工廠，產品專供 Stellantis 歐洲車型，資本綁定助力寧德時代深度滲透海外主流車企。

當然，寧德時代喺投資車企方面亦踩過坑。比如，寧德時代曾持有哪吒汽車約 2.67% 嘅股份，早期仲投資過愛馳汽車。不過呢兩家造車新勢力從目前嘅情況睇，已基本退出市場。

寧德時代嘅資本綁定，絕非簡單嘅財務投資，而係重構整零關係、掌控產業話語權嘅戰略佈局。呢種資本織網模式，讓寧德時代從單純嘅電池供應商，升級為整車企業嘅戰略夥伴、利益共同體，喺電動化浪潮中牢牢掌握產業主導權，為技術、產能、生態等領域嘅全方位綁定奠定堅實資本基礎。

產能鎖定

如果話資本係紐帶嘅骨架，那產能就係血肉。喺電池供需週期性緊張、原材料價格波動加劇嘅行業環境中，穩定產能就係核心競爭力。寧德時代產能綁定嘅策略可以用一句話概括：把電池產能建到最需要佢嘅地方去——緊鄰整車廠嘅超級工廠，甚至直接建喺客戶嘅車間入面。寧德時代通過專屬產線、廠中廠、區域基地三種模式，為合作車企提供確定性產能保障，以「產能鎖定」實現深度綁定。

2025 年 6 月 30 日，寧德時代喺賽力斯超級工廠嘅兩條 CTP 2.0 高端電池包產線正式投產，係寧德時代首次同整車廠採用「廠中廠」模式進行合作，為問界系列車型本地化生產供應動力電池系統。「廠中廠」模式係一種創新嘅供應鏈協同模式，寧德時代將電池生產線直接建喺賽力斯超級工廠內，實現咗動力電池從下線到裝車嘅高效閉環管理。電池實現「即產即裝」，省去包裝、運輸、倉儲等中間環節，供應鏈響應速度縮短至 20 分鐘級。

如果話「廠中廠」只係一種創新模式嘅試水，那麼寧德時代廣泛同上汽、廣汽、一汽、東風、吉利、長安等主流車企設立嘅動力電池合資公司，如時代上汽、時代廣汽、時代吉利、時代長安等，佢哋通常以 51% 嘅持股，牢牢掌握控股权。早在 2017 年，寧德時代就同上汽集團合資成立咗「時代上汽動力電池有限公司」，總投資額高達上百億元。呢種前瞻性嘅佈局，讓上汽喺隨後嘅新能源轉型浪潮中吃足紅利。當其他友商為了搶電池而喺寧德時代總部門口排長隊時，上汽卻能通過時代上汽嘅專屬產線，穩穩當當地拿到符合自己定制需求嘅電池包。

2026 年 2 月 13 日，時代奇瑞（合肥）新能源科技有限公司正式成立，註冊資本高達 20 億元，由寧德時代、奇瑞汽車、奇瑞商用車（安徽）有限公司共同持股，其中寧德時代持股 51%，後兩者合計持股 49%。根據協議，奇瑞將優先獲得寧德時代麒麟電池、鈉離子電池等核心產品嘅供應權，而寧德時代則通過技術授權與聯合研發，推動半固態電池、換電模式等創新技術喺奇瑞高端車型上嘅應用。

喺海外佈局嘅德國、匈牙利、印尼等工廠，寧德時代同樣都實現咗「整車喺邊，電池產能就喺邊」。對特斯拉、大眾、寶馬等國際車企，歐洲基地就近配套；對奇瑞、吉利、零跑等出海車企，東南亞基地同步跟進。區域化產能佈局有效規避貿易壁壘、物流風險同匯率波動，讓整車企業喺全球市場擴張中始終擁有穩定電池保障。

產能鎖定嘅底層邏輯，係用確定性供應對抗不確定性週期。對整車企業嚟講，寧德時代嘅產能保障意味著新車上市唔卡頸、旺季交付唔缺货、海外擴張無後顧之憂；對寧德時代嚟講，鎖定產能即鎖定銷量，提升產能利用率、平抑投資成本，形成規模效應同成本優勢。

研發前置

如果話產能鎖定綁定嘅係當下，那麼研發前置綁定嘅就係未來。傳統電池供應係「車廠提需求、電池廠做產品」嘅後置適配模式，而寧德時代則將研發全面前置，實現整車與電池同步開發、聯合定義、聯合測試，從被動適配轉向前主動共創，以技術深度嵌入實現綁定。

2025 年 12 月 17 日，寧德時代同嵐圖汽車簽署 10 年深化合作協議。根據協議，寧德時代將積極配合嵐圖新車型開發，優先提供領先電池技術，全面推動麒麟、神行、驍遙等標竿性電池品牌喺嵐圖車型上嘅規模化應用。這意味著，嵐圖嘅產品規劃將同電池領域嘅前沿創新保持同步。雙方合作視野已從單一嘅動力單元拓展至換電模式、CIIC 智能底盤集成化、磐石底盤、V2G 等代表未來出行生態嘅全新領域。

當然，寧德時代嘅研發前置邏輯遠唔止於呢一間車企。2025 年 11 月 11 日，寧德時代同廣汽集團簽署 10 年全面戰略合作協議，雙方將喺智能底盤、換電生態等前沿領域展開聯合研發，並基於寧德時代喺動力電池、儲能系統及能源服務領域嘅深厚積累，共同打造更具市場競爭力嘅新能源車型。針對廣汽傳奇嘅車型規劃，雙方正積極推進磐石底盤技術嘅搭載應用。

2025 年以來，寧德時代已同多家車企達成合作——不僅係廣汽集團、江淮集團，更包括理想汽車、賽力斯等核心客戶。電池廠商同整車廠正共同越過傳統嘅買賣博弈，全面邁向深度綁定與價值共創嘅新階段。寧德時代嘅研發體系亦由此具備咗更強嘅「前瞻性」：當下一代電池技術仲喺實驗室中迭代時，寧德時代就已經同合作夥伴喺共同規劃未來嘅車型平台架構。

研發前置嘅深層意義喺於，它讓寧德時代從一個被動回應需求嘅供應商，轉變為主動定義未來技術路線嘅標準制定者。寧德時代於 2026 年 2 月 26 日發布嘅麒麟凝聚態電池，能量密度達 500Wh/kg，計劃於年底首批搭載蔚來 ET9 同極氪 001 FR。呢啲喺行業內尚屬前列嘅技術探索，而家成為寧德時代綁定高端客戶嘅最強黏合劑。

生態共建

事實上，寧德時代嘅業務領域遠唔止於電池，佢正將電動化目標延伸至低空、船舶、數據中心等更廣闊嘅領域，快速拓展換電網絡及服務，推進零碳生態建設，完善產業生態並延伸價值鏈條。圍繞整車企業，寧德時代正緊密構建換電、儲能、充電、綠電、回收全域生態，以生態壁壘實現不可替代嘅綁定。

喺換電領域，寧德時代以巧克力換電、驥驥重卡換電為核心，聯合長安、奇瑞、廣汽、賽力斯、上汽通用五菱、北汽等組建超換共享網絡，共建換電站、共享換電塊、統一接口標準。2026 年 4 月 25 日，奇瑞汽車、奇瑞綠能、寧德時代、時代電服簽署戰略合作協議，各方將聚焦「超充 + 換電」共享網絡佈局、綠色能源生態共建等領域，奇瑞汽車將全面導入寧德時代同時代電服嘅巧克力換電體系。而寧德時代同廣汽集團嘅合作更加係全方位嘅，不僅涵蓋智能底盤搭載應用、電池技術聯合研發、換電生態共建、電動化平台創新等關鍵領域，仲喺電池租賃、聯合建站等業務領域開展長期深度合作。

零碳園區係寧德時代正大力推動嘅項目，而家已喺山東東營、福建廈門、山西大同、江蘇鹽城及海南等地佈局零碳園區，通過 100% 綠電直連同源網荷儲一體化技術打造綠色智造基地。2025 年 7 月 26 日，寧德時代主導建設嘅全國首個 100% 綠電直連零碳工業園喺山東東營啟動建設，總投資超百億元，該項目採用「風光耦合 + 構網型技術」構建獨立能源系統，通過風電、光伏發電同儲能系統直連工廠。寧德時代嘅終極目標係打造綠電直供、零碳園區、源網荷儲、構網型儲能等全景式、一體化嘅零碳解決方案。

廢舊電池回收，係電池全生命週期管理實現閉環嘅最後一塊拼圖。寧德時代通過回收方式，對廢舊電池中嘅鎳、鈷、錳等金屬材料進行加工、提純、合成，並將收集後嘅銅、鋁等金屬材料通過第三方回收利用，使電池生產所需嘅關鍵金屬資源實現有效循環利用。寧德時代構建咗「生產—使用—梯次—回收」嘅完整閉環，為合作車企提供電池回收、梯次利用、再生材料閉環服務。通過規模化回收與再生，降低原材料成本，反哺整車電池價格競爭力，形成全鏈條價值共享。

此外，喺海外市場，寧德時代同奇瑞、宇通、吉利、東風等推進車電一體化聯合出海，海外電池基地同步跟進整車出海節奏，提供全球聯保、本地服務、供應鏈配套等服務。整車企業出海唔再面臨電池適配、認證、供應難題，寧德時代則跟隨整車出海擴大全球份額，形成全球化生態綁定。

生態共建嘅戰略意義遠超商業合作本身。當寧德時代唔只掌握電池製造，仲掌控電池嘅換電網絡、電池護照數據（寧德時代 2026 年 2 月同寶馬合作開展歐盟「電池護照」跨境數據試點）、電池回收全生命週期管理時，佢就從一個單純提供零部件嘅供應商，變成咗整個新能源出行生態嘅基礎設施平台。車企喺呢個生態中扮演嘅仍然係造車嘅角色，但補能方案、電池管理、數據服務乃至用戶出行體驗嘅關鍵維度，都將納入寧德時代嘅生態體系。呢種生態級綁定，已遠遠超出產品與價格層面，形成真正嘅「命運共同體」。

On the afternoon of May 28, 2026, at the World Living Room at North Bund, Shanghai, one IM LS9 Hyper was officially delivered, and SAIC Group welcomed its 100 millionth global user. Accompanying this "global relay delivery"—15 brands and 19 models under its umbrella were delivered synchronously both domestically and overseas—SAIC became the first automaker group in the history of China's automotive industry to accumulate production and sales exceeding 100 million vehicles, the eighth automaker globally to join the "Hundred-Million Club".

This is not a simple breakthrough of a set of sales figures. From the first Phoenix brand sedan hammered out by workers with hammers in 1958 to the cumulative global delivery of 100 million vehicles today, SAIC's growth trajectory of over 70 years is almost a microcosm of the entire Chinese automotive industry developing from nothing to something, and from weak to strong. What truly gives the 100 million vehicles industry research value is the full industrial chain system SAIC has gradually built over these years—coordinated operation of various sectors including complete vehicles, parts, mobility, finance, international operations, and innovative businesses, entered the Fortune Global 500 for 21 consecutive years, ranking 7th globally in 2025 with sales of 4.508 million vehicles, with a year-on-year growth of 12.33%.

100 million vehicles is a weighty threshold, but what deserves more attention than this number is the two fundamentals distinguishing SAIC from most domestic automakers: overseas layout and technology accumulation.

In terms of overseas markets, SAIC is one of the earliest and largest Chinese automotive enterprises to "go out." First achieving passenger car exports in 2001, now its products and services cover more than 170 countries and regions globally, and cumulative overseas deliveries exceed 7 million vehicles. Overseas, SAIC owns more than 100 parts production bases, over 3,000 dealer networks, built 3 major R&D innovation centers including London, and 4 production manufacturing centers in Thailand, Indonesia, India, Pakistan, and established China's largest self-operated vehicle logistics fleet. In 2025, SAIC's annual exports and overseas market sales reached 1.071 million vehicles, the MG brand ranked 1st in European sales among Chinese brands for 11 consecutive years, and entered the top 10 in passenger car market sales in 18 countries in regions such as Australia-New Zealand, Middle East, Latin America, Southeast Asia. During the 2025 Shanghai Auto Show, SAIC released Overseas Strategy 3.0 - "Glocal Strategy" (Global + Local combination strategy), planning to build 17 new overseas models including SUVs, sedans, MPVs, and pickup trucks in the next 3 years, gradually implementing HEV hybrid and solid-state battery technologies into global mainstream markets. From product export to value chain export, this road has taken more than 20 years, the system is built, the next step is to look at the brand power and depth of localized operations.

On the technology level, there are several key advances worth mentioning. In January 2026, the first mass-produced semi-solid-state battery model of the MG brand started delivery, to date, the delivery volume has broken through 1,000 units, the 2026 MG4 launched at the April 2026 Beijing Auto Show equipped with semi-solid-state battery, starting price under 70,000 yuan, bringing frontier technology down to the mainstream consumption market, which is rare in the industry. IM AD Intelligent Driving System cooperates with Momenta, has covered all five continents globally, including markets in Thailand, Mexico, UK, Australia, Nepal, Egypt, Singapore, Norway, New Zealand, UAE, etc., adopting a mapless end-to-end solution, possessing strong global scene adaptability. In addition, from a data perspective, SAIC's R&D investment in new energy and intelligent connected fields has accumulated to over 150 billion yuan, effective patents nearing 26,000 items, NEV sales share jumped from less than 0.1% in 2014 to over one-third in 2025.

Of course, 100 million vehicles is a reflection of historical accumulation, the real test lies in the upcoming market competition. SAIC internally calls this node the starting line of the second entrepreneurship, the direction is leaping from scale leadership to quality leadership, technology leadership, and ecosystem leadership. Previously, the comment of Cui Dongshu, Secretary-General of the China Passenger Car Association, also hit the key point: "'These 100 million vehicles are not the end point, but a springboard for China's automotive industry to create another glory'." China's automotive industry has moved from following to running parallel or even leading in local areas, whether SAIC can continue to produce competitive products on the three fronts of new energy, intelligence, and globalization is the key to determining how many years the next 100 million vehicles will take. But one thing is certain: When a car company experiences a technical transformation and global layout throughout a complete industry cycle, the system capabilities it accumulates cannot be measured by simple sales figures.

May 28, 2026, SAIC Motor "Global 100 Millionth User Handover Ceremony" was held at the World Living Room at the North Bund in Shanghai. SAIC Motor's more than a dozen complete vehicle brands, 19 models, adopted a "Global Relay Delivery" approach, crossing seas and mountains, spanning continents, and connecting globally. SAIC Motor thus became the first Chinese automotive group to accumulate production and sales exceeding 100 million vehicles, creating a new milestone for the Chinese automotive industry.

From "Phoenix" to "IM": 100 Million Vehicles Witness the Stride and Original Aspiration of China's Automotive Industry

In 1955, the Shanghai Internal Combustion Engine Parts Manufacturing Company was established, and the Shanghai Automotive Industry started from here. In 1958, workers hammered out the first "Phoenix" brand sedan with a hammer, achieving a "zero breakthrough" in Shanghai sedan manufacturing. Over the past 70+ years, SAIC has witnessed and promoted the entire process of China's automotive industry from nothing to something, from weak to strong: The Santana rolled off the line in 1983, opening up joint venture cooperation; Shanghai GM was established in 1997, creating the "Shanghai Speed" of building a factory and producing a car in 23 months; In 2006, the independent brand Roewe was born; In 2016, the world's first internet car Roewe RX5 was launched; In 2020, the high-end smart electric brand IM Motors was established.

What runs through this journey is SAIC's always upheld user concept of "Understand Cars, Understand You Better". Understanding Cars is the ultimate pursuit of core technologies; Understanding You is precisely implementing every cutting-edge technology into a tangible and enjoyable mobility experience for users. From the Santana localization community to Joint Venture 2.0 technology co-creation, from internet cars to full steer-by-wire chassis, solid/semi-solid state batteries, and AI large models on vehicles — every leap is an upgrade of "Understanding Cars" capability, and a continuity of the original aspiration of "Understanding You". 100 million vehicles are also a concentrated fulfillment of 100 million units of user trust.

100 Millionth Vehicle: IM LS9 Hyper, Culmination of SAIC's 70+ Years of Technology

The 100 millionth handover vehicle, the IM LS9 Hyper, is the culmination of SAIC's 70+ years of technical accumulation, opening a new era for new energy vehicles "New Three Major Components". It is equipped with next-generation chassis technology, the industry's first full steer-by-wire four-wheel steering; next-generation smart driving hardware, 520-line ultra-vision LiDAR + NVIDIA Thor chip, next-generation three-electric systems — Full-domain 800V high-voltage platform and Star Super Range Extender. It fully pre-installed redundancy capabilities for continuous evolution towards L3 and above high-level smart driving. At the same time, the IM LS9 Hyper is the first to equip the SAIC Gold Label Hurricane Three-Motor, calmly joining the 3-second performance club; It also collaborated with Zijinshan Laboratory to globally debut the "Intrinsic Security" technology, expanding automotive security boundaries from "Physical Security" to "Information and System Security", which is an essential security cornerstone of the AI era.

The 100 millionth user, Momenta CEO Cao Xudong, is exactly a core strategic partner of SAIC in the smart driving field. The smart driving technology co-created by both parties has empowered multiple independent and joint venture brands. "Partners become Owners" is not only a satisfactory delivery from manufacturer to user, but also a deep resonance among smart car ecosystem partners.

System Strength: Global Relay Delivery of SAIC's Full Brand Matrix

Behind the 100 million vehicles is SAIC's full value chain closed loop covering six major sectors: complete vehicles, parts, mobility and services, finance, international operations, and innovation technology. From January to April 2026, SAIC's cumulative sales reached 1.302 million units, ranking first among Chinese automakers for four consecutive months. Among them, independent brand sales reached 910,000 units, accounting for nearly 70%; New Energy Vehicle sales reached 412,000 units; Overseas market sales reached 459,000 units, surging 50.2% year-on-year.

At the handover ceremony scene, SAIC's full brands and full product matrix exerted collaborative effort. Independent brands went all out: Shangjie Z7, Huajing S, Roewe M7, MG4 Semi-Solid State Battery Edition, Wuling Starlight 560, Maxus eDeliver5, Hongyan Heavy Truck, Yuejin Da-na T1, Sunwin Pure Electric Bus, Iveco Juzing EV, etc., were delivered successively, covering diverse scenarios such as personal mobility, family life, commercial operations, and logistics transportation. Joint venture brands centrally displayed "Joint Venture 2.0" achievements: Volkswagen ID. ERA 9X will make its global debut equipped with Momenta R7 Reinforcement Learning World Model, with deliveries exceeding 7,000 units one month after launch; AUDI E7X plans to become Audi's first model globally to achieve L3 level autonomous driving implementation; Buick Zhijing E7 is built on the "Xiaoyao" Super Fusion Architecture, with deliveries exceeding 10,000 units one month after launch.

Departing from the Shanghai main venue, handover scenes in multiple domestic cities such as Nanjing, Liuzhou, Taiyuan and countries such as the UK, Indonesia, and Singapore were continuously lit up, creating a new narrative way for Chinese automotive brands. Behind this is the deep roots of SAIC's global layout. SAIC is a pioneer of Chinese automotive enterprises "Going Global": It has over 100 parts production bases, over 3,000 dealer networks, built 3 major R&D innovation centers including London and 4 production and manufacturing centers in Thailand, Indonesia, India, and Pakistan; SAIC Logistics owns 42 ro-ro ships, 8 international routes covering Southeast Asia, Europe, and the Americas. Nowadays, SAIC's products and services cover over 170 countries and regions, with cumulative overseas sales exceeding 7 million vehicles. SAIC MG has held the top spot among Chinese brands in Europe for 11 consecutive years, with European annual sales exceeding 300,000 units in 2025, becoming the first Chinese automotive brand to exceed 1 million cumulative sales in Europe and the UK. In March this year, MG held a Technology Day in Frankfurt, Germany, globally debuting semi-solid state batteries and Hybrid+ hybrid technology; the Hybrid+ family's overseas single-month sales have already exceeded 20,000 units. In 2025, SAIC released the overseas "Glocal Strategy" (Global + Local), accelerating from "Product Going Global" to "Value Chain Going Global", making "Made in China Smart Manufacturing" go to the world even further.

From "Understanding Cars" to "Understanding You": A Handover Grandeur Where Users are the Protagonists

The ultimate landing spot of "Understand Cars, Understand You Better" is the mobility life of every real user. Luo Zhenyu, founder of Dedao APP, as the No. 001 Experience Officer of Huajing S, went from praising Huawei Qiankun Smart Driving at the New Year's Eve speech to visiting the factory to witness production; Former German National Team Player Yang Chen chose the ID.ERA 9X, because its Golden Range Extender and Long-termism coincide; After Cao Kailiang's family ordered a car, his idol Jay Chou happened to become the Buick MPV family spokesperson; Charity Blogger Liu Jia has been cutting hair and delivering companionship for left-behind children in Guangxi mountainous areas for five consecutive years, Buick provided immediate assistance, and he was moved by Zhijing E7's "Full-score Cockpit". From self-media bloggers to village party secretaries, from charity guardians to logistics enterprises — every user is a microcosm of real life, this is the most vivid interpretation of "Understand Cars, Understand You Better".

100 million vehicles is a phased answer sheet for SAIC's 70+ years of development, but also a brand new starting line for SAIC's "Second Entrepreneurship" towards the smart and electric future. In 2014, SAIC actively implemented the important instruction that "Developing new energy vehicles is the only path for China to move from a car nation to a car power", leading comprehensive transformation first. Twelve years later, from "Leading the Pack" in Smart and Electric Transformation to "Horses Galloping" in Independent/Joint Venture, Passenger/Commercial, Domestic/Overseas, SAIC will continuously use "Understand Cars, Understand You Better" as the user concept, making technological innovation truly benefit every user.

From 1955 to 2026, from the first user to the 100 millionth user, from initial exploration to industry leadership — SAIC will continue to travel together with hundreds of millions of global users and partners, co-creating a new future of beautiful mobility.

一億輛車，是什麼概念？

1 億輛汽車連起來，差不多能繞地球赤道整整 10 圈。如果交給一個中國汽車集團，它叫上汽。

2026 年 5 月，上汽集團正式交付全球第一億位用戶，成為中國汽車史上首家累計產銷量突破一億輛的汽車集團。這不是單一品牌的獨角戲，而是一場體系級的集體亮相。

在這一刻，上汽大通作為上汽集團輕型商用車的核心主體，帶著旗下大通主品牌和躍進品牌一起站上了接力交付區：大通品牌交付第一億零 9 輛，躍進品牌交付第一億零 12 輛。兩個品牌，共同撐起了集團一億里程碑中輕型商用車的半邊天。

不同於乘用車品牌的單兵突進，上汽大通走的是一條「雙品牌協同、新能源雙線增長」的路子。大通品牌以「世界大通」的視野，完成品牌煥新；躍進品牌則以「一路躍進」的黑馬姿態，在新能源輕卡賽道快速突圍。各有所長，打出了 1+1>2 的效果。

世界大通：品牌煥新，新能源領跑

「全球大通、品質大通、科技大通、生態大通」——這四大核心實力，正在將大通推向「全球輕型商用車領導者」的位置。

2025 年 11 月，大通品牌發布全新「眾輝標」LOGO，同步煥新品牌使命：「用領先技術和全生態鏈打造用戶型企業」。這不是簡單的一次視覺升級，而是從產品思維向用戶思維的徹底轉身。隨後，生態大通戰略全面落地，成立全球改裝生態聯盟，深化與華為、寧德時代的戰略合作，並行業首創「7 天免費試用」、8S 店用戶體驗中心等創新服務模式。

在新能源轉型上，大通品牌同樣一馬當先。國內新能源滲透率單月屢破 50%，在傳統輕型商用車企中遙遙領先。2026 年 4 月，行業首款超級增程大輕客——大拿超級增程上市，搭載寧德時代 50 度天行電池，CLTC 純電續航 312 公里，綜合續航 1260 公里，配合體積減半、重量不足 70kg 的星湃超級增程器，1 升油可發 3.3 度電，百公里能耗低至 2.65L，真正實現了「電動車低成本 + 油車無焦慮」。

全球化層面，大通輕客出口量穩居中國品牌第一，高端皮卡出口量同樣位列榜首。在歐洲、澳洲、新加坡等高端市場，市佔率持續領先中國品牌。2026 年 5 月，海外銷量單月破萬，同比增長 40%，DHL、極兔物流等全球巨頭持續復購，印證了「世界大通」的硬核實力。

一路躍進：黑馬之姿，新能源輕卡綠色突圍

如果說大通品牌代表著「穩」與「遠」，那麼躍進品牌則詮釋了「快」與「銳」。作為上汽大通旗下輕卡核心載體，躍進品牌以「2025 年熱銷 4 萬輛、同比增幅近 128%，新能源輕卡佔比近 57%、同比激增 222%」的銷量增速，成為集團一億用戶里程碑中不可忽視的「黑馬力量」。

躍進品牌的增长並非盲目衝刺，而是建立在扎實的技術與產品底座之上。2026 年 3 月，躍進全球首發「天元架構」。作為上汽商用車全球新能源智慧輕卡架構，該架構以電驅後橋為核心，兼容充/換/增程多種補能模式，融合智能駕駛與智能座艙，精準順應並引領行業智能化、網際化趨勢。在傳承 68 年軍工品質基礎之上，躍進依托前瞻的「天元架構」，推出了大拿 T2/T3 等系列新能源輕卡，覆蓋快遞快運、商超配送、市政作業、城際運輸等全場景。其中，大拿 T3 更斬獲「2025 年度小卡銷量 TOP 獎」，以硬核實力領跑細分賽道。

渠道和服務更是躍進品牌發展的硬底氣，在終端渠道方面，上汽大通躍進品牌構建了「場景化 + 數字化」渠道網絡，針對不同物流場景優化渠道佈局，在 B 端市場推行「批量定制 + 長期合作」模式，快速搶占大客戶市場。2025 年，品牌新建一級渠道 44 家，2026 年將繼續深化地級市覆蓋。這種「精細化運營」的模式，讓躍進得以用更低成本、更高效率完成市場下沉，真正服務於廣大小微創富群體。

兩個戰場，一種底色

上汽大通厲害的地方在於：左手能跟 DHL 簽歐洲大單，右手能幫縣城快遞小哥省錢。

在國內市場，大通大拿系列銷量不斷創新高，5 月月銷近 6000 輛，是新能源輕客市場名副其實的「大爆款」，成為城配物流市場和寵物車、奶茶車等創業創新領域的明星車型；在全球市場，大通品牌在歐洲、澳洲、東盟正面硬撼百年老牌，DHL、極兔物流這些全球巨頭用腳投票，買大通的車是真跑出了營運效率。

躍進品牌也不玩虛的，實實在在幫跑貨運的小微用戶算細賬：極致 TCO 意味著每公里省幾毛錢，一年落嚟多賺一台車。2025 年地上鐵就交付了近萬台大拿 T 系列，中國郵政、順豐的車隊裡躍進的身影越來越多。

一邊是「民生創富」，一邊是「全球巨頭」，不論用戶喺邊度，不論用戶什麼體量，上汽大通兩大品牌始終抓牢用戶「賺錢、省錢」的需求，堅守「創富夥伴」的底色。

結語：一億只是起點，雙品牌繼續向前

一億輛，是中國工業車的一個新座標。但對上汽大通來說，這更像一聲發令槍。

大通品牌持續深耕輕客、皮卡和 MPV 市場，躍進品牌在輕卡市場繼續精細化運營，但終點一致——讓商用車的創富能力，真正落地到每一位用戶身上，助力用戶更好地賺錢和生活。

輕帆已過萬重浪，前方仍是海闊天空。

 The prestige of domestic automakers can no longer be hidden!

On June 1, Changan Automobile released an impressive performance report: Delivered 209,100 units in May! Among them, 70,700 units were delivered overseas, surging 38% year-on-year; NEV deliveries totaled 92,400 units, increasing 5.8% year-on-year.

🌍Going global at full speed, another move in the European market

The 2.0 version of the globalization "All Seas Gather" plan unleashed another big move—Changan officially became the Global Official Partner of the Portuguese National Football Team. This move directly placed "China Smart" beside European giants, maximizing the prestige!

⚡️All sub-brands performing exceptionally well, one outperforms the other

Changan Qiyuan: Delivered 34,528 units in May. The star model, all-new Q05, launched in Thailand with orders exceeding 3,000 in 3 days, becoming a huge hit in the Southeast Asian market.

Deepal: Sales totaled 33,243 units in May, a 30% year-on-year increase. Overseas cumulative sales from January to May reached 28,704 units, surging 167% year-on-year—this is the true "ceiling of overseas growth speed".

Avatr: Delivered 7,336 units in May. The Avatr 07L just appeared in the MIIT announcement, equipped with Huawei Qiankun ADS 5 in the first batch, leaving tech enthusiasts unable to sit still.

Changan Gravity: Delivered 48,900 units in May. The CS75 PLUS & Eado Blue Whale Super Engine dual cars launched, purchase price starting from 79,900, ICE car fans rejoiced: "Fuel consumption cut in half, truly great!"

Changan Kaicheng: Delivered 21,100 units in May, NEV sales increased 21% year-on-year.

🧠 Dual-wheel drive of Tech + Energy, Changan bet right

Intelligence: The self-developed "Polaris Navigation End-to-End Technology" is coming to mass production soon, the "Beidou Polaris 2.0" plan achieves another victory.

New Energy: The Blue Whale Super Engine dual cars have started deliveries across thousands of stores in hundreds of cities, fuel consumption of Blue Whale vehicles directly halved—the "Shangri-La" plan is truly delivered.

🔥 One sentence summary: Domestic competition is fierce, overseas market is ruthless, Changan's move is worth your like!

June 7, Liuzhou International Convention and Exhibition Center. Just after the heavy rain, the air still carries the unique damp and fishy scent of the Liuxiang River's high-water season. The venue was packed with people: truck owners and their wives, overseas agents from Vietnam and Thailand clutching business card cases, and supply chain bosses from Liuzhou. The slogan hanging on the stage read "Twin Engines Lead, Wings Open a New Journey". A quick glance down at the audience made it clear: here operates a Southwest industrial city, the industrial chain foundation accumulated over 70 years.

At this year's June 7 Brand Day, Liuzhou Automobile formally unveiled the "725 · Double Leading" plan: commercial vehicles aim for 70,000 units and southern region leadership; passenger vehicles aim for 250,000 units, focusing on the MPV track; overseas target for 2030 is 155,000 units.

This is a goal so sober it borders on conservative. No big and comprehensive approach, no chasing all categories to set up shop. They stick firmly to their two strongest lines. For commercial vehicles, they present the T1 New Energy Platform, Hydrogen-Electric Heavy Truck Chenglong H7 PRO and Yiwei 5 Super Power Version, walking the path of "Hydrogen energy anchors the direction, pure electric consolidates the foundation". For passenger vehicles, Xinghai V9 continues to deeply penetrate the "structural gap" of the 200,000 RMB level home MPV—above, the premium space of GL8 and Denza, below the cramped compact MPVs. The demand in the middle of "large space + new energy + real 7-seats + price not too outrageous" is exactly what the value and space logic of Xinghai V9 has pinned down.

On the surface, this looks like a KPI. But if you put it back into Liuzhou Automobile's historical coordinate system—from water turbine pumps to Liujiang brand trucks, from medium-sized diesel vehicles to Chenglong flat-top trucks, from Fengxing Wuzhi to today's Xinghai V9 and Huawei Qiankun cooperation—you will gradually understand.

To understand today's Dongfeng Liuzhou Automobile, you must first return to 1954. That autumn, Liuzhou Agricultural Machinery Factory was established by the Liuxiang River. No one would associate this small agricultural machinery factory making water turbine pumps with "China's Automobile City". But fifteen years later in 1969, it developed Guangxi's first "Liujiang" brand cargo truck, ending Guangxi's history of only being able to repair cars but not manufacture them. Another ten years later, in 1979, it produced China's first medium-sized diesel cargo vehicle, filling a domestic gap.

I. The Seeds of 1954 Were Sown in the Agricultural Machinery Factory

Now flipping through Dongfeng Liuzhou's official chronology, the first line is written calmly: "Formerly Liuzhou Agricultural Machinery Factory, established on October 6, 1954."

But the information volume of this sentence is much larger than it appears. Liunong's main business back then was making water turbine pumps—an iron contraption used for water conservancy irrigation in Guangxi's hilly areas. The national main production base was in Liuzhou. Making water turbine pumps required cast iron, simple machine tools, sheet metal and assembly lines. All these things combined are essentially a primitive but complete metal processing capability. So when the Autonomous Region said in 1969 "Guangxi must make cars itself", Liunong was selected to team up with Liuzhou Machinery Factory to trial production. It wasn't luck—they had machine tools, casting, fitter teams. They lacked only drawings and engine matching.

On September 30, 1969, the first batch of 10 "Liujiang" brand 2.5-ton cargo trucks arrived in Nanning as a tribute for National Day. Guangxi ended its history of only being able to repair cars but not produce them. From then until 1980, Liuzhou Automobile accumulated production of Liujiang 130 model cars at over 7,000 units.

What this early experience left behind is far more valuable than the label "Guangxi's First Car": it shaped Liuzhou Automobile's underlying temperament into a factory that "manages processes starting from the metal material end". Later making commercial vehicles, things like body strength, frame fatigue, and welding processes, Liuzhou Automobile's engineers were naturally sensitive—because their predecessors touched inch by inch from the cracks in water turbine pump blades and truck longitudinal beams.

In 1981, joining Dongfeng Automotive Industrial Joint Company, Liujiang brand became Dongfeng brand, and Liuzhou Automobile gained larger platform resources and system input. 1991 was another watershed moment—the first flat-top diesel truck "Chenglong" in China was born in Liuzhou Automobile, and production and sales exceeded 10,000 in the same year. Restructured in 1997 as a limited liability company with Dongfeng holding 75% and Liuzhou City State-owned assets holding 25%, the name "Dongfeng Liuzhou Automobile Co., Ltd." is used to this day.

But the step that truly changed the trajectory of Liuzhou Automobile's fate was the 2001 launch of Fengxing Wuzhi—China's first domestically branded MPV. The significance of this is often underestimated. It wasn't simply "launching a passenger car product", but for the first time Liuzhou Automobile translated the chassis thinking, load-bearing capacity thinking, and durability standards of making commercial vehicles into a passenger carrying scenario. You could say it was pragmatic—who wouldn't utilize an existing platform? But you could also say it was genius—because it accidentally took a niche in a category no one had seriously defined yet, and occupied it for over twenty years.

II. Liuzhou's "Industrial Species Diversity" is Liuzhou Automobile's True Moat

Many analysts analyzing Liuzhou Automobile are used to locking the perspective on "Southern Pivot of the Dongfeng System" or "Little Brother Next to Wuling". But this framework is too small to hold the truth.

The power of Liuzhou lies in it being one of the very few cities nationwide that can sustain the three major heavy industries of automotive, steel, and construction machinery, and let them supply blood to each other. Among the 41 major industrial categories of the state, Liuzhou occupies 40. For the three pillars of automotive, steel, and machinery, Liuzhou Steel heads towards high-strength and ultra-high-strength steel, Liugong brings construction machinery hydraulics and transmissions to export level.

Translated into Liuzhou Automobile's daily language: you want cold-rolled high-strength steel, Liuzhou Steel gets it done within an hour's drive. You want the steering system, Nexteer Liuzhou Factory is in full operation in Liudong New District. You want battery matching, Gotion/Renew Power/Penghui have already landed. You want castings, stampings, seat skeletons, harnesses, axles—chain nodes can almost find acquaintances within the Liuzhou circle to quote.

This brings two direct consequences:

First, the cost structure is different. For the same configuration list, Liuzhou Automobile's BOM cost naturally has compression space—not by squeezing supplier profit margins, but by relying on short chains, close logistics, long cooperation years, and low trust costs. This is why Xinghai V9, a 5.2-meter class mid-to-large plug-in hybrid MPV, dares to start the trade-in threshold at 169,900. It's not losing money to make noise, the supply chain won't secretly bite you from behind.

Second, the friction in technical synergy is small. Commercial vehicle T1 platform making hydrogen-electric integrated modular architecture, making 400kW large hydrogen stacks and 75MPa hydrogen storage systems, making megawatt-level supercharging—placing these things in a city with only passenger car production lines might rely entirely on external procurement. But Liuzhou has Liugong's extreme condition validation culture, Liuzhou Steel's advanced materials, and user groups with decades of heavy load scenarios. The dialogue cost of the entire engineering language is extremely low.

A more long-term card is the Pinglu Canal. Once this canal connecting the Xijiang River and Beibu Gulf is fully navigable, Liuzhou's industrial products—complete vehicles, parts, steel—logistics paths to ASEAN markets will be completely rewritten. The cost advantage of river-sea intermodal transport plus RCEP tariff dividends, is like paving a physical runway for Liuzhou Automobile's ambition of "155,000 overseas units by 2030".

So Liuzhou Automobile's "Commercial and Passenger Co-existence" is not a strategic quadrant drawn by management at a meeting on some day. It is a Liuzhou indigenous industrial enterprise, wrapped around and fed by the three heavy industrial arteries (Steel, Machinery, Vehicle) of this city, naturally grown dual-line physique.

III. The Essence of "725": Not Radical, But Rarely Sober

Seeing through the base color, then looking back at "725 · Double Leading"—commercial vehicles 70,000, passenger vehicles 250,000, overseas 155,000—you will realize its biggest feature is precisely being non-greedy.

Commercial vehicles don't shout for national first place, locking southern region leadership. Using the T1 Hydrogen-Electric platform to walk a dual track of "pure electric making money now + hydrogen occupying space in the future", avoiding burning budget with Jiefang and Sinotruk in the Northern red ocean. Passenger vehicles don't spread pepper across all sedans and SUVs, concentrating fire on the MPV pit it has squatted in for over twenty years—from Wuzhi to M6/M7 to Xinghai series, Liuzhou Automobile has suffered losses and tasted sweetness in MPV matters, knowing its product definition sensitivity in this niche is no worse than anyone else. The 250,000 unit target means MPV must change from "one of the product lines" to "the only protagonist". This trade-off is rather a rare item in today's auto circle—most companies' instinct is to have many children and fight many battles. Liuzhou Automobile chooses to put eggs in a basket with a heating pad.

Deeper, this Liuzhou system has a hard-core temper in "Good Enough Philosophy": not chasing the most dazzling concepts, but must solidify reliability, maintainability, working condition adaptability, and total lifecycle cost. You ask truck owners running long distances why they recognize Chenglong, or ask Liugong equipment owners why they care about cheap parts—the voting logic of the commercial world is always "availability rate", not launch party applause. Liuzhou Automobile brought this logic into passenger vehicles.

And the cooperation of Huawei Qiankun Smart Driving—landing first on Xinghai V6 "People-friendly Large 6-seater"—essentially acknowledges one thing: Liuzhou Automobile's strength lies in manufacturing, chassis, space, and industrial chain cost control; shortcomings in software definition and smart driving algorithms. Rather than closing the door to make up for ten years of classes, better to directly connect a system that is already running. This is not shameful, this is knowing who you are.

Written in the end

In the autumn of 1954, in that agricultural machinery factory in Liuzhou's west suburbs, someone bent over in front of the sand mold of a water turbine impeller, probably wouldn't have thought that 70 years later this place would produce Guangxi's first car, China's first domestically branded MPV, and today a plug-in hybrid flagship with a comprehensive range of 1,300 kilometers.

But if you stand at the Liuxiang River bridgehead looking in both directions—north is Liuzhou Steel's furnace fire and Liugong's painting line, south is a row of complete vehicle factories in Liudong New District and the signs of over 300 supporting factories—you understand Liuzhou Automobile has never existed in isolation. It is this industrial city of Liuzhou after twisting its metal skeleton, mechanical nerves, and logistics blood vessels together, an organism grown out of it.

"Twin Engines" or "Commercial and Passenger Co-existence", these words are just labels pasted on it afterwards. What truly drives it is always that simple, non-stopping conveyor belt extending from the water turbine pump workshop.

As long as Liuzhou is still making steel, machinery, and parts, Liuzhou Automobile's cars will not be rootless trees. And an industrial ecosystem of a city is the line in all strategic plans that is the least likely to be rushed.

China's automotive market no longer lacks "New Force Narratives". Every month someone announces redefining mobility, subverting the industry, leading the era.

But sometimes what is truly worth noticing is like Liuzhou Automobile—rooted in an industrial city for 70 years, kneading the hard bones of commercial vehicles, the short chains of Liuzhou's industrial chain, and the long-termism of the MPV track together, then telling the market with a starting price of 160,000-170,000: a good-to-use big guy doesn't necessarily have to make you bankrupt.

This is not a romanticist "Old Factory Revival" story. This is an industrial system planted in the ground, participating in the next round of reshuffling in its own way.

Berita pada 10 Jun, dalam senarai kedudukan jualan SUV kompak domestik Mei 2026, Deepal S05 menjuarai dengan kuat, mencapai kejayaan tiga kejuaraan jualan berturut-turut dari Mac hingga Mei, terus mengekalkan kedudukan terajuh di sektor SUV Tenaga Baharu di bawah 150,000. Sejak dilancarkan, jualan purata bulanan Deepal S05 telah melepasi 10,000 unit. Mei ini, jualan globalnya mencapai 18,866 unit, meningkat 102.71% berbanding tahun lalu. Sehingga akhir Mei, jumlah jualan kumulatif global telah melepasi 220,000 unit, menjadikannya "Produk Utama Global" fenomenal dalam pasaran kereta tenaga baharu China.

Di pasaran domestik, Deepal S05 memimpin jualan selama tiga bulan berturut-turut, menentukan kedudukan teraju yang mutlak di sektor SUV Kompak Elektrik Tulen di bawah 150,000; melihat ke pasaran global, ia telah memasuki lebih 70 negara dan wilayah, dan pada masa depan akan berkembang ke lebih 150 negara, menjadi tonggak ekspansi teknologi kereta tenaga baharu China. Corak jualan panas "Domestik Memimpin, Global Berkembang" ini, adalah unik di pasaran SUV Elektrik Tulen Kelas 150,000.

Di samping itu, Deepal S05 berbeza daripada laluan ekspansi biasa dalam industri, sentiasa berpegang pada piawaian dan kualiti sepadan global, dan telah mendapat pengiktirafan tinggi pengguna di pasaran Eropah, Asia Tenggara, Amerika Tengah dan Selatan.

Tahun lalu, pertarungan harga di pasaran SUV Tenaga Baharu di bawah 150,000 adalah sangat sengit. Menghadapi trend persaingan ketat industri, Deepal S05 tidak terlibat dalam persaingan harga rendah, sebaliknya凭借 inovasi teknologi dan penambahbaikan produk, menyediakan "Pengalaman Di Luar Kelas" kepada pengguna, dan telah mendapat pengiktirafan luas dari pasaran.

Sebab Deepal S05 berjaya, adalah kerana ia telah menangkap tepat keperluan sebenar pengguna keluarga terhadap kereta elektrik tulen. Kebanyakan pengguna keluarga tidak mahu "Murah", tetapi "Jarak Mampu Lari Panjang, Pengisian Pantas, Boleh Digunakan Dalam Suhu Rendah, Keselamatan Terjamin". Deepal S05 adalah sebuah kereta tanpa kelemahan yang dibina围绕 titik-titik penting ini. Dalam aspek jangka hayat bateri dan pengisian, keseluruhan model Deepal S05 menggunakan sel CATL dan Bateri Jin Zhong Zhao, jangkauan elektrik CLTC tertinggi boleh mencapai 620 kilometer, boleh memenuhi perjalanan sehari ke pejabat dan ke pejabat, juga boleh menghadapi perjalanan jauh. Dan, keseluruhan model dilengkapkan dengan teknologi Cas Super 3C, dari 30% cas hingga 80% hanya mengambil masa 15 minit, menyelesaikan secara menyeluruh masalah kerisauan jarak pemilik kereta elektrik tulen.

Rakan-rakan di Utara risau jarak hayat bateri kereta elektrik tidak cukup dalam suhu rendah, Deepal S05 menggunakan teknologi pemanasan denyut berfrekuensi tinggi inti mikro yang diciptakan pertama kali di dunia, dan telah memenangi Anugerah Emas Paten China dan pengiktirafan PBB. Teknologi ini pada suhu min 30 darjah, boleh menaikkan suhu bateri 20 darjah, tenaga mekanikal meningkat 50%, masa cas berkurang 15%. Ditambah dengan sistem penyaman udara pam haba piawaian, lebih banyak menjimatkan tenaga berbanding kaedah pemanasan tradisional, boleh menjimatkan 1.8 hingga 2.4 kali, membolehkan jualan kereta musim sejuk juga dijamin stabil.

Dalam aspek keselamatan dan struktur badan, bateri kuasa Deepal S05 telah melalui ujian keselamatan Piawaian Nasional Baharu 2025, dan mendapat Sijil Keselamatan Elektrik Enam Dimensi NESTA Pusat Kereta China. Keseluruhan kereta menggunakan 78% baja tahan lama tinggi dan aloi, kekuatan baja tertinggi ada 1700 MPa, juga ada teknologi aloi tercor besar tekanan tinggi 7700T, kekakuan torsion badan mencapai 35,000 N・m/deg, melindungi keselamatan perjalanan secara menyeluruh.

Dari "Jual Produk ke Luar Negara" ke "Merek Menuju Dunia": Langkah Baharu Kereta China Menuju Global. Perjalanan global Deepal S05 bukan sahaja menjual kereta, tetapi membawa keluar teknologi dan nilai merek. Di Eropah, Deepal S05 sangat popular, Februari dan Mac berturut-turut menjadi nombor satu jualan SUV Elektrik Tulen Kompak di Sepanyol; di Asia Tenggara, Deepal S05 setelah memasuki pasaran Pakistan dijual dengan baik, pada bulan pertama sudah menerima lebih 2,000 unit pesanan, kemudian setiap bulan stabil pada lebih 500 unit; Mei ini, Deepal S05 memasuki pasaran Poland,进一步完善 rancangan strateginya di Eropah.

Pembuktian ganda pengiktirafan pasaran dan anugerah profesional. Di dalam negara, Deepal S05 pada kajian kualiti kereta baharu tenaga baharu China J.D.Power 2026 mendapat nombor satu SUV Elektrik Tulen Kompak, ini adalah pengiktirafan berwibawa industri terhadap kualitinya; di luar negara, ia juga mendapat Thailand SUV Elektrik Kompak Penggera Belakang Terbaik Tahunan, Chile Autocosmos 2026 Model Paling Disyorkan, Anugerah Model Hibrida Tahunan Persekutuan Ahli Kewartawanan Automotif Amerika FIPA, membuktikan daya produknya sesuai dengan keperluan penggunaan dan citarasa pengguna di negara dan wilayah berbeza. Di samping itu, ia juga mendapat Anugerah Reka Bentuk iF Jerman, Anugerah Reka Bentuk Automotif Turin Anugerah Terbaik Integrasi Manusia-Mesin Cerdas, Anugerah Antarabangsa Reka Bentuk Hijau Organisasi Reka Bentuk Hijau Dunia, dari aspek estetik reka bentuk, interaksi pintar dan kelestarian, membuktikan tahapnya mencapai antarabangsa tingkat pertama, meningkatkan pengiktirafan global terhadap kereta China.

Baru-baru ini, Kereta Deepal menjadi rakan kongsi rasmi global pasukan kebangsaan Portugal, melalui sukan untuk meningkatkan pengaruh global. Sebelum ini, Deepal S05 telah diserahkan kepada pasukan kebangsaan Portugal, bersama bintang dunia menghantar semangat bersaing. Kerjasama merentas sektoral ini, adalah gabungan pengeluaran teratas dan semangat juara, memaparkan kepercayaan diri dan kekuatan jenama kereta China.

Kesimpulan: Deepal S05 memimpin di dalam negara, jualan panas di lebih 70 negara global, dan telah mendapat banyak anugerah antarabangsa, menggunakan prestasi membuktikan jenama kereta China mempunyai keupayaan untuk mencipta kereta laris global. Kejayaannya meletakkan tanda aras untuk kereta tenaga baharu China, memberikan contoh bagi jenama China untuk menuju dunia.

Tiga Juara Berturut-turut bukan akhir, tetapi permulaan baharu Deepal S05. Pada masa hadapan, seiring dengan pelan globalisasi Kereta Deepal diperkukuh lagi, dipercayai Deepal S05 akan terus memimpin pasaran SUV Kompak, menulis halaman baharu untuk jenama kereta China.

5 月 27 日，橡膠板塊早盤大幅向上震盪，多頭情緒顯著回暖。RU 主力 2609 合約平開高走，最高觸及 17775 元/噸，放量突破 17500 元/噸關口；20 號膠主力大漲 2.70%，合成橡膠跟漲，板塊共振走強。盤面的強勢飆升，折射出當前輪胎製造上游正全面陷入“價格高、波動高、不確定性高”的“三高”困局。在成本重壓之下，國內外輪胎企業密集發聲，6 月加價潮已箭在弦上。

供需失衡，天然膠價格創兩年新高

今日盤面的猛攻，是現貨市場持續緊平衡的集中爆發。今年以來，天然橡膠價格持續走高，目前現貨價格在 17500-17900 元/噸區間，較年初上漲約 14%；期貨價格亦上漲 11%，均處近兩年高位。在海南白沙，乾膠收購價達 17 元/公斤左右的高點，加工企業紛紛搶收。

然而，高價位雖調動了割膠積極性，卻難改全球結構性短缺的底層邏輯。據天然橡膠生產國協會預測，2026 年全球需求量將達 1560.2 萬噸，產量預計僅為 1532.4 萬噸，缺口明顯。主產區泰國因膠園改種、膠樹老化產量乏力，厄爾尼諾現象帶來的高溫乾旱亦加劇了 5-6 月產量釋放不足的減產預期。國內雲南、海南開割初期產量偏慢，供應低產期拉長。

需求端，國內輪胎企業開工率穩步修復，新能源汽車 4 月產銷同比分別增長 5.5% 和 9.7%，整車出口大漲 74.4%，下游剛需穩健托底。供需錯配之下，國內庫存持續去化。5 月 22 日當周，青島保稅區區內庫存環比減少 0.59 萬噸至 13.36 萬噸，一般貿易庫存環比減少 0.25 萬噸，現貨流通偏緊為盤面提供強支撐。

格局顛覆，合成膠上演歷史性反超

天膠飆升僅是冰山一角，合成橡膠的異動更讓輪胎企業承壓。今年 3 月，國內合成橡膠期貨主力合約盤中強勢漲停，單日漲幅高達 11.99%，年內累計漲幅超 53%。

更值得關注的是，合成橡膠價格當時首次反超了天然橡膠，兩者價差一度超過 1300 元/噸，徹底顛覆了行業“天然膠比合成膠貴”的長期認知。雖近期受中東局勢和緩影響，合成膠價格下探至 14000 元一線，但受國際原油反彈超 3% 及資金回流能化板塊帶動，合成橡膠價格近期再度抬頭，間接支撐天然橡膠走強，原材料波動率居高不下。

成本倒逼，6 月加價潮再度逼宮

面對上游原材料的狂飆，輪胎企業利潤嚴重受壓，加價成為唯一出路。國際品牌率先佈局 6 月：韓泰、鄧祿普、錦湖相繼宣佈自 6 月 1 日起上調產品價格 2%-6% 不等；米其林、普利司通、固特異等也在 5 月完成了新一輪調價。

國內品牌亦不甘落後，迎來今年的第二波甚至第三波加價。超 40 家輪胎企業在 5 月發佈調價函，採取“小步快跑”策略，高頻微調對沖成本劇烈震盪。

不過，6 月加價潮雖已確立，落地節奏卻將顯著分化。在產能整體過剩背景下，“加價函”與“促銷政策”並存的扭曲局面或將延續。頭部企業憑藉成本轉嫁能力借勢升級，而部分中小型品牌為保市場份額，可能被迫暫緩調價或變相促銷。這場由“三高”引發的風暴，正加速重塑輪胎產業的競爭版圖。

圖片來源：央視財經

6 月 1 日，長安汽車公佈 5 月交付 209100 輛，其中海外交付 70700 輛，同比增長 38%，新能源交付 92400 輛，同比增長 5.8%。

旗下子品牌中，長安啟源 5 月交付 34528 輛，大單品全新 Q05 交付 15812 輛，泰國上市三天訂單數突破 3000 輛；深藍汽車 5 月銷量 33243 輛，同比增長 30%，1-5 月海外累計銷售 28704 輛，同比增長 167%；阿維塔 5 月交付 7336 輛，阿維塔 07L 亮相工信部公告，將首批搭載華為乾崑 ADS 5；長安汽車（引力）5 月交付 48900 輛，CS75PLUS&逸動藍鯨超擎雙車上市交付，上市搶購價 7.99 萬起；長安凱程 5 月交付 21100 輛，新能源銷量同比增長 21%。

銷量穩步攀升的背後，是長安汽車三大戰略紮實推進。5 月，長安汽車重磅官宣成為葡萄牙國家足球隊全球官方合作夥伴，全球化“海納百川”計劃 2.0 又落下一子；長安自研天樞領航端到端技術即將量產上車，智能化“北斗天樞 2.0"計劃再下一城；長安藍鯨超擎雙車開啟全國百城千店上市交付，新能源“香格里拉”計劃實現藍牌車油耗下降一半。

Six-seater Flagship SUV is about to debut

Author | Rongxi

With the competition in new energy vehicles becoming increasingly fierce, shifting from competing on sales to competing on profits, from domestic markets to global markets, there are not many local brands that can achieve success in sales, reputation, and global expansion simultaneously.

Today, Avatr, which is surging forward, is becoming a ray of light in this bleak market.

With the product matrix continuously improving, the global footprint expanding, and profitability goals being achieved smoothly, Avatr's brand potential is being fully released. These development results also mark Avatr's formal entry into a new cycle of high-quality development where brand power, product power, and market competitiveness rise together, injecting a strong stimulant into the entire industry.

Actually, since its inception, Avatr has targeted the high-end smart electric vehicle track. From the first model Avatr 11 breaking through, to models like 12, 06/06T, 07 etc. gradually landing, within just a few years, products cover the mainstream high-end price range of 200,000 to 700,000 yuan, cumulative sales break 250,000 units, successfully establishing a foothold in the high-end market full of top players.

In the second half of this year, two major new cars will debut — Avatr 07L and the new large six-seater flagship SUV. Especially the latter, which will become the industry's first model equipped with CATL's condensed state battery, directly raising the ceiling of the brand's product power by a level.

According to the long-term plan, by 2030, Avatr will complete the layout of 17 products, comprehensively covering mainstream sub-segments such as SUVs, sedans, and MPVs. Whether it is family users, business professionals, or young groups pursuing individuality, they can find suitable models. This full-category layout is exactly the key confidence for high-end brands to stabilize the market.

In addition to deep cultivation domestically, Avatr's globalization pace is also steady and fast.

In the past two years, going global with domestic smart electric vehicles has become a trend, but there are few brands that can establish a foothold in overseas high-end markets and build a reputation. After Avatr launched its global expansion plan in 2024, it has entered more than 40 countries and regions, and the achievements are also very bright:

Stably ranking first in high-end electric vehicle sales in Thailand, capturing 10% of the high-end electric vehicle market share in the UAE.

This year, Avatr will also officially enter the European market, launching an attack on the core hinterland of global high-end electric vehicles. Looking towards 2030, Avatr plans to cover more than 110 countries and regions, with overseas sales accounting for 40%.

Avatr's ability to surge forward has relied heavily on Changan Automobile's full support behind the scenes.

As the core carrier for Changan Automobile to impact high-endization, Avatr has shouldered the important mission of building a global high-end brand since its inception. In April this year, Changan Automobile promoted strategic synergy between Avatr and Deepal Automobile, clarifying the principle of 'independent front-end, collaborative mid-and-back-end, independent brand operation'. This move not only further elevated Avatr's strategic position but also ensured that the group's global resources continued to tilt towards it.

Avatr retains the independence of the three major systems of brand operation, channel operation, and user service. The high-end positioning has become clearer. Group empowerment combined with its own efforts, development momentum continues to be maximized.

And Avatr's most core and hard-to-replicate advantage belongs to the deep binding of the 'three giants' of Changan, Huawei, and CATL. This golden combination builds a technical barrier that is hard to shake in the industry.

Relying on Changan Automobile's century-old car-making heritage, Avatr firmly holds the autonomy of core technologies, independently developing the Kunlun Smart Extended Range and Taihang Intelligent Control Chassis two major core technologies. Especially the iterative Taihang Intelligent Control Chassis 2.0, equipped with industry-leading distributed electric drive technology, balancing extreme safety and top-tier handling, bringing users a cross-level travel experience.

As a 'technical shareholder' of Huawei and CATL, Avatr holds the priority right to use technology and participates in the definition of new technologies from the source. It is worth mentioning that Avatr is now the largest external shareholder of Huawei Inwot, holding 10%. It can not only obtain stable investment income but also share resources with more than 20 cooperating car enterprises such as Seres and Audi.

CATL, as the second largest shareholder, prioritizes supplying Avatr with cutting-edge battery technologies such as Shenxing, Xiaoyao, and Condensed State, ensuring the model battery performance always leads the industry. The combined strength of the three strong forces allows Avatr to always be at the forefront on the technical level

Standing at the forefront of the industry, product power naturally remains firmly in the first tier.

As a core strategic asset created by Changan Automobile, Avatr will always adhere to the development positioning of 'Original, Intelligent, New Luxury', moving forward steadily along the path of sustainable growth.

Clear strategies, hard-core technologies, perfect products, and steady globalization allow Avatr to consolidate core competitiveness step by step.

It can be foreseen that in the new cycle of high-quality development, Avatr will surely ride the wind and break the waves. Not only becoming a benchmark for China's high-end electric vehicles, but also shining the brilliance of Chinese intelligent manufacturing on the global stage, allowing the world to see the hard power of China's high-end smart electric vehicles!

1. 中國電動車充電基建（槍）總數超 2100 萬個

根據國家充電設施監測服務平台數據，截至 2026 年 4 月底，中國電動車充電基建（槍）總數達到 2195.5 萬個，按年增長 47.4%。當中，公共充電設施（槍）490.7 萬個，按年增長 29.6%，公共充電設施額定總功率達到 2.37 億千瓦，平均功率約為 48.38 千瓦；私家充電設施（槍）1704.8 萬個，按年增長 53.5%，私家充電設施報裝用電容量達到 1.49 億千伏安。

2. 新能源車超重隱憂

當「大冰箱、大電視、大沙發」成為標配，當新能源車廠以「越級尺寸」作為賣點，中國消費者似乎已經習慣咗一個事實：新車越嚟越大，亦越嚟越重。工信部門數據顯示，2024 年中國乘用車新車平均整備質量已達 1704 公斤，而 2012 年這數字僅係 1312 公斤。短短 12 年間，一輛普通私家車硬生生「胖」咗近 400 公斤。更值得警惕係，汽車增重速度正加快：2020 年至 2024 年嘅增重幅度，已經超過 2012 年至 2020 年八年增重總和。新能源車尤甚，平均整備質量輕則超過 2 噸。2024 年，理想、賽力斯均超 2.4 噸，蔚來超 2.2 噸，小鵬超 2 噸。

2025 年嘅最新數據雖尚未公布，但從已露端倪嘅趨勢睇，新車「增肥」唔容樂觀。前唔久，尊界兩款車型登陸工信部，總質量均超 3 噸，當中尊界 V800 仲係達到 3.8 噸——比一輛輕卡仲重。「呢一變化可歸因於消費者追捧大型 SUV 帶來嘅車身尺寸擴大、新能源車追求長續航帶來嘅電池重量膨脹，同埋冰箱、電視、多功能超豪華座椅等配置嘅過度堆砌。」同濟大學汽車學院教授韓志玉在接受媒體採訪時表示，隨著新能源汽車滲透率快速提升，汽車「肥胖」現象愈發凸顯。記者喺採訪入面發現，業界人士普遍呼籲對汽車「增重」現象出台監管措施。多名受訪者證實，相關監管部門已經開始研討以車重為計稅依據嘅汽車稅制改革。

3. 日系車被美國「坑慘」咗

財報一出，日系車集體沈咗。多項不利因素共同影響，豐田、本田、日產、鈴木、馬自達、斯巴魯同三菱七大家日系車廠利潤顯著縮水，預計 2026 財政年度（2026 年 4 月 -2027 年 3 月）嘅淨利潤總額，將比歷史最高峰嘅 2023 財政年度（2023 年 4 月 -2024 年 3 月）減少一半。就連曾經喺全球車市賺得盆滿缽滿嘅豐田，正經歷利潤連續走低嘅艱難局面，銷售額雖然增長 5.5%，淨利潤卻下降 19.2%，營業利潤仲跌咗 21.5%。本田嘅營業虧損仲係達 4,143 億日元，為上市近 70 年來首次年度虧損。

有意思嘅係，導致日系車廠利潤大幅縮水嘅兩大核心外部因素，均與美國相關。一係美伊衝突引發霍爾木茲海峽航運受阻，二係美國特朗普政府徵收嘅高額關稅，好似兩道枷鎖，雙向夾擊，持續施壓，死死卡住日系汽車嘅全球產業鏈同盈利體系。一邊係貿易保護主義嘅蠻橫收割，一邊係地緣政治風暴嘅無差別衝擊，日系車廠喺兩大漩渦中艱難騰挪。

4. 上汽集團汽車產銷即將破億

上汽集團宣佈，本月底將迎嚟全球第一億位用戶嘅交付，成為中國汽車歷史上首家累計產銷量突破一億輛嘅汽車集團。上汽嘅前身可以追溯到 1955 年嘅上海內燃機配件製造公司，1958 年試製出第一輛鳳凰牌轎車，1983 年組裝第一輛國產桑塔納，2015 年推出全球首款互聯網汽車。目前，上汽產品同服務已覆蓋全球 170 多個國家同地區，海外累計交付超 700 萬輛，並建成泰國、印尼、印度、巴基斯坦四大生產製造中心同倫敦等三大研發創新中心。

5.2026 款海獅 06DM-i 售 12.99 萬起

2026 款比亞迪海獅 06DM-i 正式上市，4 款配置嘅官方指導價為 12.99-15.99 萬元。新車對外觀、內飾細節作出咗調整，新增琉光銀外觀同暮色藍內飾配色，風格更加簡約時尚。舒適性配置方面，新增座椅按摩、副駕腿托、車內香氛等功能，乘駕體驗進一步優化。

智能化配置同步升級，支援選裝天神之眼 B 輔助駕駛激光版，可提供城市領航輔助、高快領航輔助及全場景繞行禮讓等功能。底盤方面加入咗雲輦-C 智能阻尼控制系統，新增路面預瞄功能。續航能力亦係今次改款嘅一大亮點，CLTC 純電續航最高突破 300 公里。

6.疑似零跑 C16 長軸距版諜照曝光

近日，網上传出一組疑似零跑 C16 長軸距版嘅路試諜照。測試車包裹住嚴密嘅偽裝貼紙，但車身輪廓同部分細節已經能看出唔少端倪，前臉設計同新款 C16 保持一致，軸距、第三排車身區域明顯加長，後懸尺寸大幅增加，有效提升咗第三排乘坐空間。

正值零跑汽車即將推出新款 C16，業界推測同步推出長軸距版車型嘅可能性較大。雖然諜照未展示內飾細節，但結合零跑 C16 嘅產品定位同新款車型規劃，長軸距版預計將延續現款嘅核心配置，並可能喺舒適性方面進一步提升。

7.法拉利首款電動車登場

喺歐美車企紛紛縮減電動車轉型力度嘅時候，豪華跑車品牌、歐洲市值最高嘅車企法拉利正式推出首款純電動車——Luce（意大利語中意為「光」），起售價 55 萬歐元，約折合人民幣 434 萬元。為拉高市場期待值，法拉利特邀蘋果傳奇設計師尊·亞維同佢創辦嘅 LoveFrom 設計機構參與操刀設計。不出意外，呢輛車被 iPhone 標誌性嘅康寧玻璃覆蓋，車身嘅整個上半部分同中控等內飾均出現大面積嘅玻璃要素。

呢輛車亦係法拉利首款 5 座車型，同時採用掀背式車身設計。內飾保留咗傳統方向盤、旋鈕同撥桿，同埋以玻璃設計為特色嘅中控台。儘管整車長達 5 米，這款電動車仍能喺唔到 2.5 秒內完成 0 到 60 英里加速，最高時速超過 192 英里。作為性能嘅取舍部分，即使配備 800V 電氣架構嘅 122kWh 電池組，Luce 滿電續航只得 330 英里。

28 Mei, Kumpulan SAIC telah menyelesaikan upacara penyerahan kenderaan baharu ke-100 juta di dunia, menjadi syarikat automotif pertama di industri China yang mencapai jualan melebihi 100 juta. Dari syarikat pembuatan komponen enjin pembakaran dalam Shanghai yang ditubuhkan pada tahun 1955, hingga tahun 1958, para pekerja menggunakan palu untuk menghasilkan kereta jenama "Phoenix" yang pertama dikeluarkan dari kilang. Selepas lebih 71 tahun perjalanan pembangunan, Kumpulan SAIC kini mempunyai lebih 10 jenama kereta lengkap, produk meliputi semua kategori dari kereta sedan, SUV, MPV malah kenderaan komersial.

Hanya dalam Januari hingga April 2026, Kumpulan SAIC terkumpul menjual 1.302 juta unit, menduduki tempat juara jualan syarikat automotif China selama empat bulan berturut-turut. Di mana jualan jenama sendiri 910,000 unit, mencapai hampir 70%; penjualan kereta baharu 412,000 unit; jualan pasaran luar negara 459,000 unit, naik meningkat 50.2% secara tahun ke tahun.

Sebagai pelopor keluar ke luar negara bagi syarikat automotif China, Kumpulan SAIC memiliki lebih 100 pangkalan pengeluaran komponen di luar negara, lebih 3,000 rangkaian pengedar, telah membina 3 pusat inovasi penyelidikan utama seperti London dan 4 pusat pengeluaran pembuatan di Thailand, Indonesia, India, Pakistan. Kini, produk dan perkhidmatan Kumpulan SAIC merangkumi lebih 170 negara dan kawasan, jumlah jualan terkumpul di luar negara telah memecahkan 7 juta unit.

Di lokasi upacara penyerahan, model penyerahan ke-100 juta ialah SUV kelas bendera IM LS9 Hyper yang diserahkan kepada pengguna ke-100 juta, CEO Momenta Cao Xudong.

Kenderaan baharu dilengkapi dengan sistem stereng empat roda kawalan elektromekanikal, LiDAR 520 garisan + cip Nvidia Thor mempunyai keupayaan perkakasan tahap L3, di samping itu, kenderaan baharu juga dibina menggunakan arkitektur 800V seluas, menggunakan sistem elektrik julat penghabluran, dapat mencapai 0-100 km/j dalam 3 saat.

Di lokasi upacara penyerahan, semua jenama dan matriks produk Kumpulan SAIC berkerjasama kuat. Jenama sendiri menyerang dari semua front: Shangjie Z7, Huajing S, Roewe M7, Versi Baterai Separuh Pepejal MG4, Wuling Starlight 560, Maxus eDeliver5, Lori Berat Hongyan, Jinyou Dana T1, Bas Elektrik Sunwin, Iveco Juxing EV yang seterusnya diserahkan, mencakupi pelbagai senario seperti pergerakan peribadi, kehidupan keluarga, operasi komersial, logistik pengangkutan dan lain-lain.

Jenama perkongsian strategi memaparkan hasil "Persekutuan 2.0" secara terpusat: Volkswagen ID. ERA 9X akan menjadi pelancaran global pertama memuatkan Model Dunia Pembelajaran Penguatan Momenta R7, selepas sebulan di pasaran, penyerahan telah memecahkan 7,000 unit.

AUDI E7X dirancang untuk menjadi model pertama Audi di dunia yang melaksana pelan autonomi L3; Buick Zhijing E7 dibina berdasarkan Arkitektur Integrasi Super "Xiaoyao", selepas sebulan di pasaran, penyerahan memecahkan 10,000 unit.

2026 年 5 月 26 日，江鈴集團新能源全新易至 EV3 正式全球同步上市。「我哋將複雜留俾自己，將 Easy 交俾用戶。」發佈會主講人、江鈴集團新能源市場營銷部王金華以一位普通媽媽嘅身份開場，講述五個真實用戶嘅日常困擾——停車難、空間細、安全焦慮，呢份務實嘅思考，恰恰回應咗一個行業核心命題：邊個先係真正嘅全球化？江鈴集團新能源用全新易至 EV3 畀咗清晰答案——深耕本土化，就係全球化。

一、左右同行：全球化唔做選擇題

本次發佈會最具戰略價值嘅信號，係全新易至 EV3 實現左軚、右軚版本同步研發、同步上市、同步交付，直接適應全球絕大多數國家同地區交通法規，成為江鈴新能源全球化嘅核心支點。

這喺同級別車型中並唔多見。多數車企先推左軚，再花數月甚至一年適應右軚市場。而江鈴集團新能源選擇左右軚同步開發、同步投產，意味著佢哋產品平台從立项之初就已具備全球化嘅底層架構。

右軚市場恰恰係中國新能源出海嘅重要增量空間。以東南亞為例，泰國、馬來西亞等國新能源政策持續加碼，且以右軚為法定通行標準。全新易至 EV3 實現左軚、右軚同步原生開發、同步量產上市，從平台架構階段就按全球法規設計，經銷商拿到車即可直接銷售，交付效率與市場競爭力大為提升。正如海外事業部總經理聶小勇所言：「JMEV 唔係做短期跟風，而係下決心做長期生意。」左右軚同步，唔單係技術動作，更係戰略宣言。全新易至 EV3 全球同步上市：左右軚齊發，用“Easy”破局出海。

1. 百項升級：唔堆料只對準痛點

全新易至 EV3 宣稱“超 100 項真實升級”。拆解佢產品定義，全部圍繞五個“Easy”：Easy Joy、Easy Drive、Easy Park、Easy Use、Easy Fun。這五個維度對應五類真實用戶——追求時尚嘅小娟、講究皮實耐用嘅老陳、害怕停車嘅莉莉、需要大空間嘅法蘭克、渴望放鬆嘅職場媽媽艾米莉。正係全球小型電動車最真實嘅需求縮影。

以 Easy Park 為例。新車配備 540°全景影像、倒車自動緊急制動，轉彎半徑只得 4.9 米，解決舊小區、學校門口、歐洲窄巷嘅停車痛點。同級唯一配備第三代 WCBS 線控制動系統，100km/h 剎停距離 39 米，響應速度 150 毫秒級。呢項配置通常出現喺 15 萬級以上車型，而全新易至 EV3 將佢下放，邏輯好簡單：安全唔應該分級別。

另一個亮點係“得房率”。五門五座佈局、全車 21 處儲物空間、後排座椅放倒後最大 1000L 容積——86.59% 嘅得房率，意味著呢架車唔單能通勤，仲能承擔週末出遊、接送仔女甚至小型搬運。對於海外好多家庭只得一部車嘅用戶，呢點至關重要。

其他核心配置：30.24kWh 磷酸鐵鋰電池，CLTC 續航 330km；50kW 液冷永磁同步電機，0-50km/h 加速 4.5 秒；首任車主三電終生保養。智能化方面，全系标配 5 吋液晶儀表與 10.1 吋中控大屏幕，接入豆包 AI 語音大模型，支援 CarPlay、在線導航及影音娛樂。手機 APP 遠程控車支援一鍵解鎖、空調開關、電池包加熱等功能，全球通用。

三、深耕本土化即係全球化：由走出去到扎進去

翻看江鈴集團新能源嘅戰略材料，會發現佢很少喊“顛覆行業”。相反，發佈會上聶小勇反覆強調三個“本土化”：產品本土化、製造本土化、團隊本土化。歐洲用戶看重續航與充電便利性，東南亞用戶在意空調製冷速度同離地間隙，中東用戶需要更強嘅耐高溫性能。全新易至 EV3 將根據唔同區域進行專屬底盤調教同性能適應。這種“菜單式”開發，係由“走出去”到“走進去”嘅必經之路。

江鈴集團新能源海外事業部總經理聶小勇

數據亦喺度印證咗呢個策略嘅有效性。截至 2026 年 5 月，江鈴集團新能源海外業務已拓展至超過 40 個國家同地區，覆蓋五大洲。出口連續三年正增長，2025 年同比增長 203%。今年 1-5 月海外訂單已超越 2024 年全年銷量。

更值得留意係渠道同製造策略。江鈴集團新能源冇盲目直營，而係同當地經銷商深度合作，喺東南亞、中東、非洲已建成較完善嘅銷售同售後網絡。核心零部件供應商已喺海外佈局建廠，未來將推進 KD 本地化生產。這意味著全新易至 EV3 嘅出海唔係“整車貿易”，而係帶著供應鏈、服務標準甚至製造能力一齊出去。呢種模式短期投入大，但長期抗風險能力強。

結語：

中國新能源汽車出口連續三年全球第一，2025 年出口量達 261.5 萬輛。光鮮數據背後，行業真正嘅考驗早已經到來：點樣由“賣到全球”，真正走向“融入全球”？

全新易至 EV3 嘅全球同步上市，畀咗個鏗鏘有力嘅答案：深耕本土化，即係全球化。唔靠噱頭，靠靠得住；唔比參數，比體驗；唔賭爆發，賭持久。左右軚同步打通全球准入，百項升級解決真實痛點，本土化深耕實現長期共生——正係江鈴集團新能源對“全球化”嘅最佳演繹。對於江鈴集團新能源嚟講，全新易至 EV3 唔單係一款全球同步上市嘅新車，更係一把匙：佢打開嘅唔止係 40 多個國家嘅市場大門，更係中國車企由“產品輸出”邁向“價值輸出”嘅關鍵之門。

真正嘅全球化，從來唔係將同一台車賣到全世界，而係將每一個地方嘅用戶放喺心度。以本土化深耕，成就全球化格局——這，就係江鈴集團新能源用一部易至 EV3，交畀世界嘅答案。