Group 1 - Hong Kong automotive stocks declined, with Leap Motor falling over 5% [1] - NIO, Geely, Great Wall Motors, and Li Auto all experienced declines of over 2% [1] - A-share accounts can now conduct T+0 trading for Hong Kong stocks without the need for Hong Kong Stock Connect [1]

这些陈述仅反映公司管理层截至本次电话会所持的意见公司并无责任根据新的资料未来事件或者其他情况更新或修订本次电话会中做出的任何陈述本次电话会所讨论的前瞻性事件亦可能因各种不确定性因素及假设而不会发生 各位投资人大家晚上好本次业绩电话会中的内容可能包含部分前瞻性陈述具体而言包括但不限于有关公司未来财务状况策略目标指标以及公司所参与或将参与的未来市场发展状况的陈述 这些公司无法预知和控制的因素可能会导致公司的实际业绩表现及公司所在行业的业绩表现与前瞻性陈述中明示或暗示的未来业绩表现存在差异因此我们仅此提醒各位不应过分依赖本次电话会所讨论的前瞻性陈述 大家下午好我是今天的主持人中金公司汽车分析师邓旭同时在线的还有汽车组的人丹林和金文娟那么欢迎大家参加林宝汽车2024全年业绩的电话会那么出席本次会议的管理层代表是林宝汽车CFO李腾飞先生林宝汽车联席总裁伍强先生以及董事会秘书沈柯先生那么首先有请董事会秘书沈柯先生宣读一下免责声明好谢谢主持人 这些前瞻性陈述,是基于公司现有和未来的业务发展策略,以及公司对未来营商环境的假设而做出的。其中不可避免会涉及到一些已知或未知的风险,以及一些不确定性因素。 以上免责声明适用于本次电话 ...

Domestic News - The Ministry of Industry and Information Technology (MIIT) will implement policies to regulate the lithium battery industry, focusing on enhancing industry management, accelerating technological innovation, expanding applications, ensuring industry safety, and improving the industrial ecosystem [2] - Beijing's Economic and Information Technology Bureau and Communication Administration have launched a plan to accelerate the integration of 5G communication modules in vehicles, promoting the development of new terminal ecosystems and innovative business models [3] - Chengdu's Economic and Information Technology Bureau has released a draft policy to develop the artificial intelligence industry, encouraging the opening of at least 70 application scenarios annually and providing financial rewards for successful projects [4] - The Lingang New Area Administrative Committee in Shanghai signed a cooperation agreement with Stellantis to establish a sustainable resource utilization center for vehicles and parts, focusing on circular economy practices [5] International News - Porsche has preemptively shipped additional inventory to the U.S. to avoid tariff impacts, maintaining stable pricing for March orders, while expecting operating profit margins to fall below the 10%-12% guidance range [6] - The European Commission has announced an "AI Continental Action Plan" aimed at simplifying AI-related regulations and enhancing competitiveness in the AI sector [7] - Tesla plans to produce its first Optimus humanoid robots this year and is actively recruiting for around 80 positions related to the project [8] Corporate News - SAIC Motor Corporation announced that its next-generation solid-state battery will be mass-produced by the end of this year, with the first solid-state battery, named "Guangqi Battery," expected to launch in 2027 [9] - Volkswagen aims to achieve over 15% market share in China by 2030, with 80% of its offerings being new energy products, and plans to launch over 20 electric models by 2027 [10] - Changan Automobile reported a 35.37% decline in net profit for 2024, despite a 5.58% increase in revenue, and proposed a cash dividend of 2.95 yuan per 10 shares [11] - JAC Motors reported a 15% increase in domestic sales and nearly 20% growth in international sales of its pickup trucks in the first quarter [12] - Leap Motor announced that its intelligent driving software will be free for models with driving assistance features, including refunds for previously paid users [13] - The chairman of FAW Bestune has been appointed as the chief accountant of Harbin Electric Group [14] - Hon Hai Precision Industry plans to launch multiple electric vehicle models in Japan by 2027, collaborating with local automakers [15]

Group 1: Company Updates - Michelin expects first-quarter sales to be slightly below market expectations due to more significant seasonal factors than anticipated in the first half of 2025 [1] - Anta Sports plans to acquire the German outdoor brand Jack Wolfskin for a base price of $290 million, with the deal expected to close by the end of Q2 or early Q3 2025 [1] - Yonghui Supermarket has engaged with hundreds of supply chains and is in talks with over 70 quality suppliers to expand domestic sales channels [2] - Porsche has preemptively shipped additional inventory to the U.S. to mitigate tariff impacts while maintaining March order prices [3] - Waymo is set to conduct its first international testing in Japan, marking a significant milestone for the company [3] Group 2: Investment and Financing - Stardust Intelligence has completed A and A+ round financing amounting to hundreds of millions, led by Jinqiu Fund and Ant Group [4][5] - Zhui Chuang Venture Capital has successfully raised the first phase of a 10 billion yuan industrial fund focused on robotics, AI, and high-end equipment manufacturing [6] - THINKRIDER aims to shift its business focus from domestic sales to international markets by 2025, targeting significant sales on platforms like AliExpress [7] - Tencent has established a venture capital partnership in Suzhou with an investment of approximately 249 million yuan [8] Group 3: New Products and Technologies - Leap Motor has announced that its intelligent driving software will be free for models equipped with smart driving assistance features, with refunds for previously paid users [9] - Nissan plans to launch the next-generation ProPILOT autonomous driving technology in the fiscal year 2027, featuring advanced sensing and AI capabilities [10] Group 4: Industry Developments - The European Union is moving forward with plans to build 13 AI super factories, aiming to mobilize 200 billion euros in investments for AI development [3] - Citigroup has committed over $560 million to support Vietnam Airlines' strategic investment plan to enhance operational capabilities and expand its international route network [12]

金十数据4月9日讯，针对网传乌兹别克斯坦技术监管局发布警告信，称零跑C16未能通过其关于电磁兼 容性的检测，零跑汽车发布声明称，警告信中提及的测试车辆非零跑送检，送检车辆的情况和具体的测 试条件不明，公司对测试结果持保留意见。公司已与乌兹别克斯坦技术监管局积极沟通，双方正在推进 重新检测，并将及时公布测试进展。 零跑汽车回应C16在乌兹别克斯坦未通过电磁兼容性检测：测试车辆非零跑送检 ...

Core Insights - Leap Motor has surpassed Li Auto to become the top new force car manufacturer in March with a delivery of 37,095 vehicles, marking a year-on-year increase of over 154% [1][2] - Xiaopeng Motors and Li Auto ranked second and third with deliveries of 36,674 and 33,205 vehicles respectively in March [1] - Zeekr Technology delivered 40,715 vehicles in March but is not ranked separately due to its merger with Lynk & Co [1] Delivery Performance - Leap Motor's March delivery of 37,095 vehicles is the first time it has exceeded 30,000 monthly deliveries this year [2] - Xiaopeng Motors remains the leader in cumulative deliveries for Q1 2025 with 94,008 vehicles, a year-on-year increase of 331% [2] - Li Auto's Q1 2025 deliveries reached 92,864 vehicles, while Leap Motor's total for the same period was 87,552 vehicles, placing it third [2] Market Dynamics - NIO's growth in March was slower compared to competitors, with deliveries of 15,039 vehicles, a year-on-year increase of 26.7% [4] - Xiaomi Motors has shown stable delivery performance with over 29,000 vehicles delivered in March, maintaining a consistent monthly delivery above 20,000 for six consecutive months [4] - NIO's sub-brand, Ladao, has not met its delivery commitments, delivering only 4,820 vehicles in March [4] Strategic Shifts - NIO announced a significant personnel change, with the president of its Ladao brand resigning and a new leader appointed, indicating a potential strategic shift [4] - The automotive industry is witnessing a trend towards accelerated investment in intelligent driving technologies, with various companies launching new models and features [6] Intelligent Driving Trends - Leap Motor is set to launch its B10 model featuring the LEAP3.5 technology architecture [6] - Zeekr has introduced innovative driving technologies, including the G-AES automatic obstacle avoidance feature [6] - The market for intelligent connected vehicles in China is projected to reach a scale of 1.1082 trillion yuan in 2024, with a growth rate of 34% [6]

零跑汽车创始人、董事长朱江明在接受新华财经记者专访时表示，公司"合作出海"速度令人瞩目，去年 超额了完成海外市场拓展目标，今年国际市场的目标是将渠道规模扩大至550家以上。 力推欧洲本地化制造 据朱江明介绍，今年主要任务之一是探索在欧洲本地化制造落地，包括可能在合作伙伴斯泰兰蒂斯的工 厂进行生产，目前正在选址阶段，预计到2026年实现落地。 "本地化制造落地后，预计可以避免20.7%的关税。"朱江明表示，本地化的另一工作重点是使海外生产 的零跑汽车45%以上的零部件实现从非中国地区采购。 欧洲是零跑汽车出海的第一站，也是核心"阵地"，未来该公司将继续巩固深挖在这一市场的优势潜力。 朱江明向新华财经记者介绍，截至2024年12月底，零跑国际已在全球建立超过400家兼具销售与售后服 务功能的网点，其中欧洲超350家，远超2024年年初目标。 不过，2024年欧洲新车销售市场表现欠佳，纯电动车销量有所下滑，而混动汽车则表现强劲。据欧洲汽 车制造商协会（ACEA）统计，去年欧洲电动汽车新车销量同比下滑5.9%，市场份额自2020年以来首次 下降，跌至13.6%；混动汽车销量则增长20.9%，市场占比从2023年的25 ...

每经编辑 张锦河 零跑汽车上涨12.98%，盘中一度涨超15%，股价创下历史新高，今年以来其股价已经涨超70%，今日市值增加87.57亿港元（约合人民币81.84亿元）。 4月2日，港股汽车股多数上涨。 吉利汽车涨超4%，理想汽车、蔚来涨超1%。 | | 汽车[HK] | | | | --- | --- | --- | --- | | | 877.062 1.28% | | | | 新闻 | 成分股 | | | | 零跑汽车 | 57.000 - | 12.98% | 2.97 | | HK HK9863 | | | | | 越南制造加工出口 | 0.520 | 5.05% | 0.00' | | HK HK0422 | | | | | 吉利汽车 | 17.400 | 4.69% | 1.16 | | HK HK0175 | | | | | 理想汽车-W | 100.200 | 1.21% | 0.46 | | HK HK2015 | | | | | 劇来-SW | 29.650 | 1.19% | 0.67 | | HK HK9866 | | | | 4月1日，各大车企发布了3月的成绩单。 4月1日，蔚来在 ...

智通财经APP获悉，市场观望美国即将公布的对等关税政策，港股早盘探底回升，恒科指数一度涨 1.8%，随后涨幅逐步收窄，恒指及国指午后集体翻绿。截止收盘，恒生指数跌0.02%或4.31点，报 23202.53点，全日成交额2165.98亿港元；恒生国企指数跌0.07%，报8531.51点；恒生科技指数涨 0.35%，报5426.44点。 中信证券指出，受近期个别企业的配售和对关税问题的担忧，港股自3月中旬持续调整。但该行判断这 两个因素更多为短期的情绪扰动，并不会改变港股延续反转的中长期行情。该行认为，从4月中旬起， 若海外开始交易新一轮的美联储降息预期，且国内也开始抢跑月底的政治局会议，港股有望重拾上行趋 势。 蓝筹股表现 盘面上，大型科技股涨跌互现，小米续跌超4%，快手则涨超2%。苹果AI功能拓展至更多语言和地区， 苹果概念股集体上扬；机构称险企资负两端均有改善机会，新华保险涨近5%领跑内险股；部分AI概念 股活跃，万国数据涨超5%，金山云涨超4%；新势力3月销量放榜，零跑汽车首夺新势力销冠，股价大 涨近13%创新高，吉利汽车涨超4%；重型机械、半导体、建材水泥股等飘红。另一边，有色金属、医 药股等陷入调整 ...