P / / 奇瑞投资12.8亿元成立智能科技公司、江淮汽车设立中安智联汽车公司、广汽孵化飞行汽车科技公司、吉利与奔驰合资成立科技公司……近日，一批车 企成立的科技公司持续涌现，成为汽车行业一道新的风景。 "这是在新的市场格局下车企所做的探索。"中国（深圳）综合开发研究院财税贸易与产业发展研究中心主任韦福雷认为，对于正在加速转型中的车企而言， 纷纷成立科技公司的背后，既有行业竞争加剧带来的企业生存刚需，也有智能化加速背景下的技术焦虑，更是面对产业生态重构的必然选择。 科技公司遍地开花 记者注意到，车企新近成立的科技公司，从布局上看，多为智能化及软件、新能源汽车零部件、动力电池等相关领域，以及低空经济等。 "尽管车企成立的科技公司有各自不同的主营业务，但总体都是以汽车智能化、电动化及产业链整合为主要方向。"北京科技大学教授曾欣指出，这一新的潮 流正呈现出扩增之势，反映了产业变革的背景下，在政策与市场双重驱动下，车企寻找新的路径以求突围的决心。 对接各地资源 凝聚产业优势 充分对接地方、合作伙伴的创新资源，是新一轮车企科技公司热背后的一个"秘籍"。 奇瑞智能科技所在的安徽芜湖弋江区高新技术产业开发区，是国家级高新技 ...

今年6月底，由工业和信息化部装备工业一司组织全国汽车标准化技术委员会智能网联汽车分会起草的 《轻型汽车自动紧急制动系统技术要求及试验方法》（以下简称"新国标"）将结束对外征求意见。 新国标的即将出台，引发行业和社会的密切关注。此前，《乘用车自动紧急制动系统（AEBS）性能要求及 试验方法》（GB/T 39901-2021）从类型上看仅为国家推荐性标准，且只关注AEB在乘用车产品上的性能与 测试。毫无疑问，新国标将对AEB的普及带来巨大的推动作用。 从推荐性到强制性 AEB将成标配 "AEB从推标到强标的升级体现了行业的进步，行业对AEB功能的应用与评价正趋于完善；同时，这也是相 关部门对消费者诉求的积极反馈。作为从业者，我们非常乐见这一发展。"采埃孚亚太区电子与高级驾驶辅 助系统事业部相关负责人告诉《中国汽车报》记者。 万安科技技术中心专家梁华芳在接受记者采访时表示："当前，中国汽车智能化进程加速，安全已成为用户 和监管部门的核心关切。作为辅助驾驶的基础功能，AEB的标配标志着行业将从'被动合规'向'主动安全'跨 越。" 梁华芳认为，AEB从推荐性标准升级为强制性标准，是中国汽车安全技术发展的必然选择。这种必 ...

5月17日发布的《2025中国汽车海外知识产权保护研究报告》（以下简称《报告》）显示，当前我 国自主汽车品牌海外专利申请比例占专利申请总量的比例达到30％左右，其中，有效专利占比同比提升 12个百分点，达到47％，显示出自主品牌"出海"创新力不断提升。 但国内企业海外专利布局仍以PCT（《专利合作条约》）为主，有效专利占比较低，有50％的专利尚未 进入目标国市场，与跨国车企存在一定差距。汽车"出海"是产品力和知识产权力的双重竞争，我国车企 应加强海外知识产权侵权风险的防控预警及应对，加大海外高价值专利布局，将专利战略融入全球化进 程。 海外知产布局要做好"3个同步" 《报告》显示，全球汽车行业专利诉讼量呈下降趋势，以美国诉讼为主。近10年，全球汽车行业专利诉 讼量稳中有降，已决案例占比约为80％；全球汽车行业专利诉讼主要发生在美国和欧洲，中国有成为主 要专利诉讼高发地的趋势。 我国汽车行业的专利侵权诉讼多发生在零部件领域，海外诉讼数量少；涉诉的专利技术以结构类零部件 为主，涉及车辆相关的各个技术领域。 中国汽车技术研究中心有限公司首席专家、中汽信息科技（天津）有限公司总工程师王军雷提出，我国 企业知识产权海外 ...

就这么一个对整个产业的可持续发展带来巨大困难的事，要想改变，其实也并不容易。甚至可以说，这样的产业生态一旦形成，靠单个企业无力 改变（正因此故，我们向来不赞成把单个企业妖魔化来作为讨伐对象的）。这就是典型的囚徒困境。改变它，需要一种强力推动！ 突然，这种力量出现了。在这种力量带动下，市场形成一种摧枯拉朽、排山倒海之势。先是央国企冲在了最前面，紧接着一众主流民企也立即跟 上，大家表现得都非常积极。我们相信，新的价值导向、舆论导向一旦形成，这种力量洪流和示范效应将会非常地强大。这时候其实已经没必要再盯 着谁还没有加入进来、何时加入进来了，因为这时候发一纸声明已经没有那么重要，重要的是行动要跟上，而且我们相信，大家都会跟上的。 这种力量是谁？是相关政府部门吗？既是，也不是，它更是一种基于共识的合力推动。产业的争鸣（不是吵架）酝酿共识，舆论的聚焦强化共 识，最终，"有为政府"之"有形之手"出现，进一步凝聚共识、具化共识，成为共识的最有利推动者。到了共识落地的那一刻，往往迅速果断、酣畅淋 漓，给人一种"说办就办""想解决就一定能解决"的快感。说白了，这就是中国优势！ 正是基于以上认识，所以，当有人对整车企业60天账期的 ...

◆国内新闻 商务部国际贸易谈判代表：中美原则上达成协议框架 当地时间6月10日，中美磋商机制首次会议在伦敦举行。商务部国际贸易谈判代表兼副部长李成钢表示，中美双方进行了专 业、理性、深入、坦诚的沟通。双方原则上就落实两国元首6月5日通话共识以及日内瓦会谈共识达成了框架。 市场监管总局：开展试点工作，加强汽车CCC认证指定机构国际化能力建设 6月11日，据市场监管总局网站消息，近日，国家认监委印发通知，在汽车领域部署开展强制性产品认证（CCC认证）试点 工作，支持和指导CCC认证检测机构加强国际化能力建设，为我国汽车出口补齐质量基础设施短板，服务汽车国际贸易。通过 开展试点，将积极推动我国汽车认证检测机构加快海外合作和建设，为中国汽车企业提供目标市场更加高效精准的市场环境、 政策法规、认证检测制度等出口信息，有效应对国际汽车市场技术性贸易措施（TBT）影响，助力我国汽车出海。 特朗普计划签署废除加州电动汽车法规的决议 据美媒报道，美国总统特朗普计划在6月12日签署三项决议，撤销加州自行设定汽车尾气排放标准的权力。曾参与起草废除 加州电动汽车销售要求决议的弗吉尼亚州参议员雪莱·摩尔·卡皮托（Shelley Moo ...

6月10日，瑞声科技控股有限公司（以下简称"瑞声科技"）与河北初光汽车部件有限公司（以下简称"初光汽车"）举行战略合作暨控股收购签约 仪式。此次强强联合，必将为智能汽车声学系统技术发展带来无限可能。未来双方将联合研发下一代车载声学系统级解决方案，助力行业升级变 革。 • 补足拼图 实现车载声学全链闭环 "汽车产业转型，上半场电动化，下半场生态化，终场是智能化。"如世界汽车工程师学会联合会终身名誉主席，清华大学教授、汽车产业与技术战略研 究院院长赵福全所言，智能化转型对汽车产业而言有着巨大而深远的影响。其中，作为汽车智能化一大体现的智能座舱领域，近年来正在发生着翻天覆地的 变化。根据调研，智能座舱体验正逐渐成为购车者考虑的关键因素，在新车销售中的渗透率在过去三年从 45% 上升至超过 60%。 当座舱功能从手控向声控拓展，当影音娱乐成为车内日常，用户对智能座舱的声学系统提出更高要求。声学系统的竞争不再仅仅是比拼扬声器数量的多 少、分贝的高低，而是需要相关供应商对汽车全新场景有全面而深刻的理解，将用户的主观感受、场景语境、多种感官交互纳入设计考量，实现汽车从"移 动工具"到"智能玩具"的转变。 此次收购同样是对二 ...

Core Viewpoint - The article emphasizes the importance of analyzing financial statements to assess the financial health of automotive companies amidst the ongoing price and publicity wars in the industry [1] Profitability Indicators - Key profitability metrics include gross margin, net margin, and return on equity (ROE), which reflect a company's ability to generate profit [2] - A higher gross margin indicates better cost control or product pricing advantages [2] - Net margin provides a comprehensive view of profitability after accounting for all costs and expenses [2] - ROE measures the efficiency of using shareholders' equity to generate profits, with a higher ROE indicating stronger profit generation for shareholders [2] Profitability Metrics Summary | Company | Gross Margin | Net Margin | ROE | |------------------|--------------|------------|---------| | SAIC Motor | 9.40% | 1.00% | 0.58% | | GAC Group | 5.80% | 0.76% | 0.71% | | FAW Jiefang | 6.27% | 1.13% | 2.45% | | Changan Auto | 14.94% | 3.82% | 9.69% | | JAC Motors | 11.32% | -4.73% | -14.51% | | BYD | 19.44% | 5.18% | 26.05% | | Great Wall Motor | 19.51% | 6.28% | 17.20% | | Geely Auto | 15.90% | 6.91% | | | Seres | 26.21% | 3.27% | 45.43% | | Xpeng Motors | 14.30% | -4.20% | -16.93% | | Li Auto | 22.20% | 7.98% | 5.13% | | NIO | 9.90% | | | [3] Solvency Indicators - Solvency indicators assess a company's ability to repay its debts, which is crucial for evaluating financial risk [4] - The debt-to-asset ratio indicates the proportion of debt in a company's asset structure, with moderate levels enhancing shareholder returns while excessive debt increases financial risk [5] - Current ratio and quick ratio measure short-term solvency, with the current ratio reflecting the coverage of current liabilities by current assets, and the quick ratio providing a more stringent measure by excluding inventory [5] Solvency Metrics Summary | Company | Debt-to-Asset Ratio | Current Ratio | Quick Ratio | |------------------|---------------------|---------------|-------------| | SAIC Motor | 64.00% | 1.18 | 1.03 | | GAC Group | 47.61% | 1.24 | 1.07 | | FAW Jiefang | 63.44% | 1.23 | 0.98 | | Changan Auto | 81.00% | 1.20 | 1.05 | | JAC Motors | 74.66% | 0.91 | 0.79 | | BYD | 70.00% | 0.75 | 0.51 | | Great Wall Motor | 63.64% | 1.09 | 0.88 | | Geely Auto | | 0.99 | 0.80 | | Seres | 87.38% | 0.87 | 0.83 | | Xpeng Motors | 62.19% | 1.25 | 1.11 | | Li Auto | 56.10% | 1.82 | 1.63 | | NIO | 94.36% | 0.99 | 0.88 | [6] Operating Efficiency Indicators - Operating efficiency indicators reflect a company's asset management efficiency and operational level, directly impacting profitability and market competitiveness [7] - Inventory turnover ratio measures how quickly a company can convert inventory into sales, with higher ratios indicating better inventory management [7] - Accounts receivable turnover ratio reflects the speed of collecting receivables, with higher ratios indicating efficient cash collection and reduced bad debt risk [7] Operating Efficiency Metrics Summary | Company | Inventory Turnover | Accounts Receivable Turnover | |------------------|--------------------|------------------------------| | SAIC Motor | 6.32 | 9 | | GAC Group | 6.21 | 24 | | FAW Jiefang | 5.68 | 12.94 | | Changan Auto | 3.00 | 28.41 | | JAC Motors | 2.45 | 2.74 | | BYD | 6.15 | 12.52 | | Great Wall Motor | 6.26 | 13.08 | | Geely Auto | 10.49 | 4.80 | | Seres | 13.79 | 27.71 | | Xpeng Motors | 6.62 | 6.15 | | Li Auto | | | | NIO | 6.00 | 14 | [8] Growth Potential Indicators - Growth potential indicators reflect a company's future development potential and market outlook, crucial for assessing long-term investment value [9] - Revenue growth rate measures the speed of business expansion, with sustained growth indicating strong market demand [9] - A higher net profit growth rate signifies improved operational efficiency and cost reduction, showcasing stronger profitability and future potential [9] Growth Potential Metrics Summary | Company | Revenue Growth Rate | Net Profit Growth Rate | |------------------|---------------------|------------------------| | SAIC Motor | -15.73% | -88.19% | | GAC Group | -16.90% | -81.40% | | FAW Jiefang | -8.93% | -22.78% | | Changan Auto | 5.58% | -35.37% | | JAC Motors | -6.28% | -391.85% | | BYD | 29.02% | 34.00% | | Great Wall Motor | 16.73% | 80.73% | | Geely Auto | 34.00% | 213.00% | | Seres | 305.04% | | | Xpeng Motors | 33.20% | 44.22% | | Li Auto | 16.60% | 31.90% | | NIO | 18.20% | 8.10% | [10]

Core Viewpoint - VinFast has shown significant growth in electric vehicle deliveries and revenue, focusing on Southeast Asian markets while adjusting its global expansion strategy to prioritize cost-effective production and local market penetration [2][3][4]. Group 1: Financial Performance - In Q1, VinFast delivered 36,330 electric vehicles, a year-on-year increase of 296%, surpassing the total deliveries of the previous year [2]. - The total revenue for Q1 reached 16.3064 trillion Vietnamese Dong (approximately $6.57 billion), reflecting a year-on-year growth of 149.9% [2]. - Despite revenue growth, the company reported a net loss of $712.4 million in Q1, a 20% increase compared to the previous year, indicating challenges in achieving profitability [5][7]. Group 2: Market Strategy - VinFast is shifting its strategic focus to the Indian market, driven by high logistics costs in North America and Europe, and plans to establish a new factory in Indonesia by October [4][6]. - The company aims to deliver over 200,000 electric vehicles in Vietnam this year, with a target of doubling global deliveries by 2025 [4][5]. - VinFast is actively seeking financing, negotiating a loan of up to $200 million with Indian state banks to support its $500 million investment plan in India [3][4]. Group 3: Competitive Landscape - The electric vehicle market in Southeast Asia is becoming increasingly competitive, with major players like Tesla and Toyota intensifying their focus on this region [5][6]. - VinFast's local brand advantage may face dilution as competition escalates, necessitating a balance between expansion and cost control [5][7]. - The company’s ability to achieve positive gross margins and meet delivery targets by 2025 will be critical in assessing its business model viability [7].

Core Points - Wan'an Group celebrated its 40th anniversary, marking significant milestones in its development and contributions to the automotive parts industry [3][4][6] - The company has grown to employ over 5,000 people and achieved annual revenue exceeding 10 billion [4][6] - The anniversary event included notable guests and highlighted the company's commitment to social responsibility through educational donations [9][11] Company Development - Wan'an Group was founded in 1984, starting with the establishment of the first automotive parts factory in Zhuji [6][22] - The company has evolved from local manufacturing to a global player, with over 1,600 patents and significant production capabilities in electric control braking systems and new energy vehicle chassis [23] - Wan'an has been recognized as a high-tech enterprise and has received various accolades, including the title of "China Famous Brand" [6][23] Future Vision - The leadership emphasized the importance of innovation and maintaining a strong corporate culture to drive future growth [7][23] - Wan'an aims to enhance its core competitiveness and continue contributing to the local economy and the automotive industry [4][7] - The company is committed to social responsibility, as demonstrated by its recent donation to support local education [9][11]

Core Insights - The article discusses the evolution of automotive sunroofs, highlighting the emergence of "light-sensitive canopies" as a significant advancement over traditional panoramic sunroofs [3][4][6] - The light-sensitive canopy technology offers enhanced heat insulation and space efficiency, addressing common user complaints associated with traditional sunroofs [3][5] Evolution of Sunroofs - The history of sunroofs can be traced back to the 1930s with the introduction of small opening windows, evolving through various technological advancements to the current light-sensitive canopies [3][4] - The transition from mechanical sunroofs to electric sunroofs in the 1980s marked a shift in user experience, making sunroofs a standard feature in mid to high-end vehicles [3][4] - The introduction of panoramic sunroofs in the early 21st century revolutionized the perception of car interiors, enhancing the sense of space and connection with the outdoors [3][4] Light-Sensitive Canopy Technology - The light-sensitive canopy utilizes third-generation EC solid-state electrochromic glass technology, allowing for seamless transitions between transparency and opacity [4][5] - This technology provides a transparency rate of 70% and a deep blue state with a 10% transparency rate, significantly improving user experience by offering privacy and clarity [4][5] - The canopy's ability to automatically adjust transparency based on environmental light conditions represents a major leap in automotive design and functionality [4][6] Benefits and Features - The light-sensitive canopy achieves a UV blockage rate of 99.9%, far exceeding traditional sunshades, and can reduce interior temperatures by 5-8°C during summer [5][6] - Unlike traditional sunroofs that require additional maintenance, the light-sensitive canopy is designed to be maintenance-free, enhancing aesthetic appeal and user convenience [5][6] - The integration of micro-control chips allows for multiple control modes, including automatic adjustments based on light intensity, enhancing the overall driving experience [4][6] Future Prospects - Experts predict that the applications of light-sensitive technology will extend beyond sunroofs, potentially transforming glass surfaces into interactive interfaces for navigation and information display [7] - The evolution of sunroofs reflects a broader trend in automotive design, where user experience is prioritized through intelligent and adaptive features [7] - The ongoing development of light-sensitive canopies signifies a shift towards creating "smart skins" for vehicles, capable of responding to user needs and environmental changes [7]