交银国际每日晨报-20250423

Group 1: Core Insights - The automotive industry is witnessing a significant shift towards technological innovation and smart vehicle development, with domestic brands leading the participation at the 2025 Shanghai Auto Show, showcasing 45 models, accounting for 46% of the total [1][2] - The competition in the mid-to-large SUV segment is intensifying, with several brands, including domestic ones like Li Auto i8 and Zeekr 9X, launching new models priced above 300,000 yuan, which currently only represents 14% of the passenger car sales in 2024 [1][2] Group 2: Market Trends - The share of domestic brands in the Chinese passenger car market is projected to reach approximately 60% in 2024, indicating strong performance and a focus on integrating advanced technologies such as intelligent driving and high-speed charging [2] - The introduction of new models at the auto show, including the Li Auto L90 and the Audi A5L equipped with Huawei's smart driving system, highlights the ongoing trend of high-end smart upgrades among joint venture brands [1][2]