喺馬來西亞嘅 SUV 市場，好多買家喺揀車嘅時候都會拿 Proton X50 同 Chery Tiggo 8 PHEV 來做比較。這兩款車喺價位同埋定位上都幾接近嘅，今日我哋就從多個方面做一個詳細嘅對比，幫你省下做功課嘅時間。

價錢同版本

Proton X50 喺馬來西亞嘅 OTR 售價係 RM 89,800 - 113,300，一共有 4 個版本，包括 1.5T Executive（RM 89,800）、1.5T Premium（RM 101,800）、1.5T Flagship（RM 113,300） 等。

Chery Tiggo 8 PHEV 喺馬來西亞嘅 OTR 售價係 RM 159,750 - 159,750，一共有 2 個版本，包括 1.6L Turbo Standard（RM 130,000）、1.6L Turbo Premium（RM 145,000） 等。

從價錢睇來，Proton X50 嘅起步價確實比 Chery Tiggo 8 PHEV 平咗 RM 69,950。如果你預算有限，Proton 嘅入門版已經可以滿足日常需要。但都要注意，平嘅那幾千塊，可能喺配備上會有取舍，具體要看你嘅需要。

動力同油耗

Proton X50 裝載 1.5L 4-cyl，馬力 105 hp。官方油耗 6.0 L/100km。

Chery Tiggo 8 PHEV 裝載 Hybrid，馬力 170 hp。官方油耗 4.5 L/100km。

動力方面，Chery Tiggo 8 PHEV 嘅 Hybrid 比 Proton X50 嘅 1.5L 4-cyl 多咗 65 匹馬力。不過日常喺市區開，兩款車嘅動力都夠用，唔會覺得唔夠力。

安全配備

Proton X50 嘅安全評級係 5★ (ASEAN NCAP)，主動安全系統包括 ADAS (ACC, AEB, LKA, LDA, BSM, RCTA)。

Chery Tiggo 8 PHEV 嘅安全評級係 TBD，主動安全系統包括 Basic。

安全配備方面，兩款車都拿到唔錯嘅評級。不過 Proton X50 嘅 ADAS (ACC, AEB, LKA, LDA, BSM, RCTA) 同 Chery Tiggo 8 PHEV 嘅 Basic 喺功能上有些分別，如果你比較睇重主動安全嘅話，可以仔細對比下兩者嘅功能列表。

空間同舒適度

Proton X50 車身長度 4400 mm，行李廂 400 L。

Chery Tiggo 8 PHEV 車身長度 4400 mm，行李廂 400 L。

兩款車嘅尺寸幾近一樣，車內空間分別唔大。呢個級別嘅車，日常使用完全夠用。

配備同科技

Proton X50 採用 4WD 驅動方式。

Chery Tiggo 8 PHEV 採用 FWD 驅動方式。

Proton 嘅 4WD 同 Chery 嘅 FWD 喺操控上會有唔同感受，建議試駕對比。

總結

總括嚟講，Proton X50 同 Chery Tiggo 8 PHEV 都係馬來西亞市場好唔錯嘅車型。揀邊一輛，關鍵都要睇你嘅個人需求同預算。建議大家做好功課，多比較幾間車行嘅報價，再去試駕做最終決定。買車係件大事，花少少時間做功課絕對無錯。

喺馬來西亞嘅 SUV 市場，好多買家喺揀車嘅時候都會拿 Perodua Aruz 同 Chery Tiggo 8 嚟做比較。呢兩款車喺價錢同定位上都幾接近，我哋而家就從多個方面做一個詳細嘅對比，幫你省下做功課嘅時間。

價錢同版本

Perodua Aruz 喺馬來西亞嘅 OTR 售價係 RM 72,900 - 77,900，一共有 2 個版本，包括 1.5L X（RM 72,900）、1.5L AV（RM 77,900） 等。

Chery Tiggo 8 喺馬來西亞嘅 OTR 售價係 RM 129,750 - 129,750，一共有 1 個版本，包括 2026 1.6T Standard（RM 129,750） 等。

從價錢睇落嚟，Perodua Aruz 嘅起步行車價真係比 Chery Tiggo 8 平咗 RM 56,850。如果你預算有限，Perodua 嘅入門版已經可以滿足日常需要。但都要留意，平啲嘅幾千塊，可能喺配備上會有取舍，具體要看你嘅需要。

動力同油耗

Perodua Aruz 搭載 1.5L 4-cyl，馬力 105 hp。官方油耗 6.0 L/100km。

Chery Tiggo 8 搭載 1.5L Turbo，馬力 140 hp。官方油耗 7.0 L/100km。

動力方面，Chery Tiggo 8 嘅 1.5L Turbo 比 Perodua Aruz 嘅 1.5L 4-cyl 多咗 35 匹馬力。不過日常喺市區開，兩款車嘅動力都夠用，唔會覺得唔夠力。

空間同舒適度

Perodua Aruz 車身長 4400 mm，後行李廂 400 L。

Chery Tiggo 8 車身長 4400 mm，後行李廂 400 L。

兩款車嘅尺寸幾乎一樣，車內空間分別唔大。呢個級別嘅車，日常使用完全夠用。

適合邊種人

Perodua Aruz 同 Chery Tiggo 8 都係馬來西亞市場嘅主流選擇，適合家庭使用、日常通勤。如果你更睇重品牌口碑同二手價，可以優先考慮口碑更好嗰一款；如果你更在意性價比同配備，就揀配置更豐富嗰款。還係最後建議兩款都去試駕，親自體驗先係最重要嘅。

總結

總體嚟講，Perodua Aruz 同 Chery Tiggo 8 都係馬來西亞市場幾唔錯嘅車型。揀邊一輛，關鍵都要睇你嘅個人需求同預算。建議大家做好功課，多比較幾間車行嘅報價，再去試駕做最終決定。買車係件大事，花點時間做功課絕對唔會錯。

喺馬來西亞嘅 SUV 市場，好多個買家喺揀車嘅時候都會拿 Chery Tiggo 8 同 Volkswagen Tiguan 做比較。呢兩款車喺價位同定位上都幾接近，今日我哋就從多個方面做一個詳細嘅比較，幫你節省做功課嘅時間。

價錢同版本

Chery Tiggo 8 喺馬來西亞嘅 OTR 售價係 RM 129,750 - 129,750，一共有 1 個版本，包括 2026 1.6T Standard（RM 129,750） 等。

Volkswagen Tiguan 喺馬來西亞嘅 OTR 售價係 RM 206,540 - 260,024，一共有 2 個版本，包括 2025 Allspace 2.0T R-Line（RM 260,024）、2025 Allspace 1.4T Elegance（RM 206,540） 等。

從價錢嚟睇，Chery Tiggo 8 嘅起步價確實比 Volkswagen Tiguan 平咗 RM 76,790。如果你預算有限，Chery 嘅入門版已經滿足日常需要。但都要注意，平嗰幾千蚊，可能喺配備上會有取捨，具體就要睇你嘅需要。

配備同科技

Chery Tiggo 8 採用 FWD 驅動方式。

Volkswagen Tiguan 採用 FWD 驅動方式。

兩款車嘅驅動方式一樣，都係 FWD，日常駕駛感受唔會有太大分別。

保養同維護

Chery Tiggo 8 保修 3 年/100,000km，保養間隔 每 10,000km 或 6 個月。

Volkswagen Tiguan 保修 3 年/100,000km，保養間隔 每 10,000km 或 6 個月。

兩款車嘅保修條件一樣，呢方面唔使糾結。實際保養成本仲要睇品牌嘅服務網絡同零件價格，建議去車友群問吓真實車主嘅經驗。

適合邊種人

Chery Tiggo 8 同 Volkswagen Tiguan 都係馬來西亞市場嘅主流選擇，適合家庭使用、日常通勤。如果你更看重品牌口碑同二手價，可以優先考慮口碑更好嗰一款；如果你更在意性價比同配備，嗰就揀配置更豐富嗰款。最後始終建議兩款都去試駕，親身體驗先係最重要嘅。

總結

總嚟講，Chery Tiggo 8 同 Volkswagen Tiguan 都係馬來西亞市場幾唔錯嘅車型。揀邊一輛，關鍵始終都要睇你嘅個人需要同預算。建議大家做好功課，多比較幾間車行嘅報價，再去試駕先做最終決定。買車係件大事，花少少時間做功課絕對唔會錯。

喺馬來西亞嘅 MPV 市場，好多買家喺揀車嘅時候都會將 Perodua Alza 同 Toyota Veloz 嚟比較。這兩款車喺價位同定位上都幾接近，今日我哋就從多個角度做一個詳細嘅對比，幫你省返做功課嘅時間。

價錢同版本

Perodua Alza 喺馬來西亞嘅 OTR 售價係 RM 62,500 - 75,500，一共有 3 個版本，包括 1.5L X（RM 62,500）、1.5L H（RM 68,000）、1.5L AV（RM 75,500） 等。

Toyota Veloz 喺馬來西亞嘅 OTR 售價係 RM 95,000 - 95,000，一共有 1 個版本，包括 2025 1.5L Standard（RM 95,000） 等。

從價錢睇，Perodua Alza 嘅起步價確實比 豐田 Veloz 平咗 RM 32,500。如果你預算有限，Perodua 嘅入門版已經可以滿足日常需要。但都要留意，便宜嗰幾千蚊，可能喺配備上會有取舍，具體要睇你嘅需要。

動力同油耗

Perodua Alza 搭載 1.5L 4-cyl，馬力 105 hp。官方油耗 6.0 L/100km。

Toyota Veloz 搭載 1.5L 4-cyl，馬力 105 hp。官方油耗 6.0 L/100km。

兩款車用同一套動力系統，日常開起嚟嘅感覺基本冇分別。油耗方面亦都差不多，唔使太糾結這一點。

配備同科技

Perodua Alza 採用 FWD 驅動方式。

Toyota Veloz 採用 FWD 驅動方式。

兩款車嘅驅動方式一樣，都係 FWD，日常駕駛感受唔會有太大分別。

保養同維修

Perodua Alza 保固 5 年/150,000km，保養間隔 每 10,000km 或 6 個月。

Toyota Veloz 保固 5 年/無限制里程，保養間隔 每 10,000km 或 6 個月。

適合邊種人

Perodua Alza 同 豐田 Veloz 都係馬來西亞市場嘅主流選擇，適合家用、日常通勤。如果你更睇重品牌口碑同二手價，可以優先考慮口碑更好嗰一款；如果你更在意性價比同配備，那就揀配備更豐富嗰款。最終都係建議兩款都去試駕，親身體驗先係最重要。

總結

總嘅嚟講，Perodua Alza 同 豐田 Veloz 都係馬來西亞市場幾唔錯嘅車型。揀邊一部，關鍵都要睇你嘅個人需要同預算。建議大家做好功課，多比較幾間車行嘅報價，再去試駕做最終決定。買車係件大事，花點時間做功課絕對無錯。

車型概覽

東風風神皓瀚 值唔值得睇，第一步唔係望牌子或者外形，而係睇佢能唔能夠配合你嘅香港日常。 呢篇會集中講同級車比較，幫你用買家角度篩走唔適合嘅選擇。

售價仍待確認，買家可以先把佢放入候選名單，等價格落實後再同同級車逐項比較。

購車價格指南

東風風神皓瀚 目前售價仍未清晰，較理性嘅做法係先睇版本、車身大小同動力形式，等價格落實後再決定值唔值得落訂。

如果有幾個版本可揀，可以先將 2025 1.5T 雙離合版（價格待確認）、2025 1.5T DHT版（價格待確認） 放喺同一張清單。日常通勤重視舒適同易用，家庭買家就要優先睇後排、尾箱同安全配置。

核心規格重點

睇 東風風神皓瀚 嘅規格，重點唔係背數字，而係理解佢喺香港用車場景會帶嚟咩分別。

204 Ps / 150 kW / 105 kW、305/210 N·m 嘅輸出，令高速併線同短距離超車更有信心。 車長 4667 mm、車闊 1905 mm、車高 1630 mm、軸距 2775 mm 可以幫你預判商場停車場、屋苑車位同後排腿部空間。 濕式雙離合(DCT) / 混合動力專用(DHT)、前置前駆 會影響起步順滑度、濕地穩定感同長途巡航性格。

優缺點分析

東風風神皓瀚 嘅優點唔需要講到天花龍鳳，真正有價值係佢能唔能夠令日常用車更省心：動力輸出對高速同上斜更有底氣、空間同車身尺寸方便家庭買家預判實用性。

要留意嘅係，要先確認屋苑、公司或常去商場嘅充電條件、香港停車場同窄路使用要留意車身闊度。呢啲唔一定係缺點，但係落訂前應該先諗清楚。

買家常見問題

買 東風風神皓瀚 之前，真正要問嘅唔係單一規格，而係佢可唔可以融入你每日嘅生活節奏。

常見疑問係「東風風神 Aeolus 皓瀚 定位係點？」簡單講，東風風神 Aeolus 皓瀚 定位係一款面向後生仔嘅緊湊型 SUV。 放到實際用車，就係要睇佢對通勤、泊車、家庭乘坐同長期成本有幾大幫助。

同級對比內容

將 東風風神皓瀚 放入同級車清單時，唔建議只用外形或者品牌光環決定。比較順序可以係：先等售價落實，再決定佢應該同邊個級距比較、再睇動力係咪足夠應付高速併線同滿載、最後睇車身大小、座位同尾箱是否適合家人。

咁樣篩選會貼近香港買家真實生活：平日塞車、商場泊車、周末去新界、甚至一家人出入，先係一部車每日要面對嘅考驗。

用車全周期指南

擁有 東風風神皓瀚 最重要係先諗清楚充電節奏。屋苑、公司或者常去商場只要有穩定充電選項，電動化用車就會容易相處好多。

如果你主要喺市區行，視野、低速順滑度同泊車輔助會好影響心情；如果經常行高速或跨區，座椅舒適度、隔音同動力從容感會更重要。

貓頭鷹車誌（ID:owlauto）訊，2026 年，自動駕駛企業 IPO 浪潮洶湧，但市場對企業嘅評估已趨於理性，商業化能力成為核心考量。喺呢種背景下，無人物流車賽道憑藉清晰的商業模式脫穎而出，成為資本與市場最睇好的自動駕駛商業化方向。當中，菜鳥無人車、新石器、白犀牛、九識呢四間先後於 2015 年至 2021 年成立嘅企業，被業界稱為無人物流車「四小龍」。

回顧「四小龍」嘅成長歷程，亦可謂係各具特色。菜鳥無人車起步最早，2015 年即組建 ET 實驗室，2020 年推出「小蠻驢」並喺校園、社區大規模投放，累計配送超 100 萬單，2023 年與九識戰略整合，十年厚積薄發。新石器由物流硬件背景嘅余恩源於 2018 年創立，早期行「移動貨櫃」路線遇挫後轉型，憑藉 X3、X6 累積咗早期客戶。白犀牛創辦人朱磊擁有百度自動駕駛基因，2019 年創立後直接切入即時配送，獲順豐與鑫源汽車投資，喺快遞接駁場景穩步推進。最遲入局嘅九識核心團隊來自百度 Apollo、Waymo，2021 年成立後高速擴張，車隊從 2023 年初嘅 200 臺躍升至 2024 年嘅 2000 臺，與菜鳥整合後達 20000 臺，展現出強勁嘅上升勢能。

喺這之中，九識無疑係極具爆發力嘅選手。2023 年，佢發布咗全球首款 Robovan——Z5，以 5 立方米容積、近 1 噸載重、40km/h 時速打破咗行業對無人車「小型、低速、封閉場景」嘅固有影響。在此之前，菜鳥小蠻驢貨箱僅 2 立方、時速 20km/h，新石器 X3 Plus 僅 2.4 立方，白犀牛 R3 亦只得 3 立方。九識以 Robovan 品類撕開咗市場缺口，隨後佢又推出 Z8、Z10 及重載 L 系列，其後菜鳥、新石器、白犀牛亦紛紛跟進，2025 年各家均推出 5 立方以上車型，行業進入規模化競爭階段。

而 2025 年亦成為咗各家車隊規模大幅增長嘅一年。九識喺全國 300 多座城市營運超 7000 臺，與菜鳥整合後累計交付超 2 萬臺，5 立方以上車型累計銷量超 2.5 萬臺，喺中通、圓通等主流快遞企業 Robovan 投入中佔比近 70%，並中標中國郵政 7000 臺採購項目全部標段，仲喺阿聯酋、馬來西亞、新加坡等海外市場落地營運。新石器累計交付超 1.7 萬臺，與滴滴聯合推出全球首個「Robovan-as-a-Service」模式。白犀牛則喺順豐深度賦能下覆蓋九大業務場景。菜鳥無人車與九識合併後形成「超級航母」，擁有全球最大 Robovan 車隊，交付量超過其他所有企業總和。

2026 年，「四小龍」格局已演變成一超多強。隨著菜鳥與九識合併，行業集中度顯著提升，而無圖技術嘅落地將成為新的競爭分水嶺。九識、新石器、白犀牛均計劃喺今年推出無圖自動駕駛技術，這將大幅降低部署成本、加速規模化落地。而德賽西威、Momenta、追覓等新玩家嘅湧入，以及京東、美團等巨頭嘅生態深耕，正進一步盤活呢個市場。Robovan 已不再係遙遠嘅概念產品，未來其發展前景將會如何，資本故事又將如何書寫，值得期待。

近日，吉利汽車一則公告喺市場掀起漣漪：以約 2.18 億人民幣，全資收購雷達汽車（山東）有限公司等三家核心主體。交易完成後，雷達品牌整體併入吉利汽車旗下中國星品牌。

 

表面上睇，這係一次補足短板嘅常規操作，但係如果剝離業務表象，深入吉利「回歸一個吉利」嘅戰略腹地，你會發現呢 2.18 億買斷嘅唔係產能，而係「失控嘅風險」。

 

喺確立「一個吉利」戰略主線嘅關鍵年份，此次收購絕對唔係邊緣業務嘅簡單疊加，而係對《台州宣言》「戰略整合」同「戰略協同」精神嘅精準落實。佢標誌住吉利控股嘅治理模式，正由「鼓勵內部創業」嘅放養時代，徹底轉向「上市公司集約管控」嘅航母時代。

 

· 戰略深意：從「體外孵化」到「體內循環」嘅治理升級

雷達品牌並唔係外來戶，而係吉利控股此前喺體系外孵化嘅新能源項目。此次收購嘅核心邏輯，係將「體外資產」正式納入「體內業務」，完成治理結構嘅閉環。

 

再睇《台州宣言》，其明確要求「減少利益衝突同重複投資」。此前雷達作為獨立運營主體，喺研發、渠道、供應鏈上難免同吉利主品牌存在隱性競爭同資源浪費。透過全資收購併入中國星品牌體系，吉利實現咗對雷達業務線嘅唯一指揮權。公告入面強調嘅「提升運營效率、控制成本」，正係對宣言中「推進內部資源深度整合」嘅直接回應。呢 2.18 億付出落去，也許喺未來嘅研發同營銷中能攞返更多嘅「幾十億元」。

 

吉利控股體系龐大，厘清複雜嘅股權同業務邊界係「一個吉利」戰略嘅基石。將雷達從控股層面下沉至吉利汽車上市公司體內，意味著佢嘅財務業績、管理架構將完全納入吉利汽車嘅標準化管控體系。呢種「邊邊經營、邊邊持有」嘅清晰操作，係吉利告別粗放式擴張、走向精緻化治理嘅標誌性事件。

 

· 協同價值：技術底座同出海通道嘅「雙向賦能」

雷達嘅併入，唔係簡單嘅品牌收納，而係吉利體系化能力嘅一次「毛細管級」輸血。

 

「一個吉利」戰略嘅核心係技術底座共享。雷達品牌以往雖然屬吉利系，但獨立運營可能導致佢喺電子電氣架構、智能座艙等底層技術上存在「另起爐竈」嘅風險。併入後，雷達將強制對齊吉利汽車嘅模塊化架構（如 CMA、SEA），共享「天地一體」嘅技術生態。呢唔單降低咗雷達嘅研發成本，仲保證咗吉利技術路線嘅純粹性同一致性。

 

公告特別提到收購雷達泰國子公司，呢步棋意味深長。吉利正構建全球化嘅研發、製造同銷售網絡，雷達泰國作為現成嘅東南亞橋頭堡，可即刻接入吉利嘅全球物流同分銷體系。呢種「借殼出海」嘅效率，遠高於從零建立新基地，係「戰略協同」喺國際化維度嘅體現。

 

· 戰略啟示：吉利嘅克制同聚焦

唔難看出，此次收購向市場傳遞咗三個明確信號。

 

首先係吉利唔再追求「廣撒網」式嘅品牌孵化，而係將資源集中到上市公司呢個核心平台。任何業務必須服務於「一個吉利」嘅整體戰略，而唔係各自為戰。

 

其次係勇於將體外項目收回體內，證明吉利已經建立咗強大嘅中後台整合能力。呢種自信源自「兩橫七縱」組織架構嘅成熟，能夠消化多品牌帶來嘅管理複雜度。

 

最後係佢長期主義嘅定力體現。2.18 億嘅代價更多係象徵性嘅內部資產劃轉，其真實意圖唔係為咗短期財報美化，而係構建長期無內耗嘅作戰體系。係吉利穿越週期、對抗行業內捲嘅底層邏輯重構。

雷達嘅「回家」，係吉利「一個吉利」戰略嘅微觀縮影。佢告訴我哋，吉利嘅未來唔再係多個品牌嘅簡單相加，而係一個高度協同、深度耦合嘅價值共同體。當行業仍喺為多品牌營運嘅「內耗」所困時，吉利用呢筆 2.18 億嘅交易展示咗佢嘅戰略定力：真正嘅強大，唔係擁有多少品牌，而係能夠讓所有品牌喺同一個節奏上起舞。

In May, China's automotive market overall presented a gentle recovery trend, with domestic brands still being the sales backbone of the market. Recently, BYD, Geely, Chery, Changan, and Great Wall, the top 5 domestic automakers, successively released their monthly performance reports. From the data, these five companies show a general characteristic of "stable total growth, divergence between domestic and international markets, and accelerated new energy penetration". Overseas exports and new energy vehicles have become the most core growth engines; export business has evolved from a "bonus item" to the "core foundation" for some companies. BYD's "dominant leader" status is further consolidated, Chery achieved high growth via exports, Geely's new energy penetration rate broke 56%, Changan focused steadily on balanced development, while Great Wall appeared slightly under pressure during structural transformation.

BYD: Export Hits New High Becomes Biggest Highlight

In May, BYD stood firmly at the top of domestic brands with a monthly sales volume of 383,500 vehicles, maintaining positive growth both year-on-year and month-over-month under a large base. Its two main brands, Dynasty and Ocean, sold a combined 330,200 vehicles, contributing 86.1% of total sales; Fangchengbao's monthly sales broke 30,000 units to reach 30,200, a year-on-year increase of 139.7%, setting a new high for the year; Denza sold 16,300 vehicles, and Yangwang delivered 286 vehicles. From a model perspective, BYD had eight models in May with monthly sales exceeding 20,000 vehicles. The Song Family and Yuan Family both broke 50,000 units, selling 51,370 and 56,691 vehicles respectively. The Sea Lion Family followed closely with 42,615 vehicles, and Seagull sales were also close to 40,000 vehicles.

BYD's biggest highlight in May was exports. Overseas new energy vehicle sales reached 160,600 units, an 80.4% year-on-year increase, accounting for about 42%. The sharp expansion of export scale effectively countered the phased weakness in domestic demand. Cumulative exports from January to May exceeded 620,000 vehicles. High export growth mainly benefited from continued ramping up of overseas factory capacity, improved ocean shipping capacity, and accelerated channel network expansion. In the domestic market, BYD promoted Megawatt Super Charging and intelligent strategies simultaneously—Megawatt charging achieved about 90% charge in 9 minutes; 20,000 super charging stations are planned to be built by 2026; all series models are available with Sky Eye B intelligent driving solutions and city navigation safety fallback plans, accelerating the popularization of high-level intelligent driving. As Gen 2 Blade Battery capacity gradually releases, the company's orders are expected to continue rising.

Chery: Sales Growth Leads the Top 5

Chery Group's total sales volume in May was 247,800 vehicles, a significant year-on-year increase of 20.5%, ranking first in growth speed among the top 5. Exports remained its most core growth engine—May exports reached 181,900 vehicles, an 80.5% year-on-year increase, accounting for 73.4% of total sales that month, continuously breaking the single-month export record for Chinese brands for three months. In terms of new energy, Chery New Energy sold 100,300 vehicles, a 58.8% year-on-year increase. April and May consecutively saw monthly new energy sales breaking 100,000 vehicles.

The strong performance in exports benefited from Chery's long-term deep cultivation of overseas channel advantages and localized operation capabilities. While overseas orders continued to rise, high export growth formed a sharp contrast with domestic sales—Chery's domestic sales in May were only 60,000 vehicles, accounting for one-quarter of total sales. From cumulative data, Chery Group accumulated 1.101 million sales from January to May, but against the annual goal of 3.2 million vehicles, monthly averages need to reach about 420,000 vehicles later, and pressure remains significant.

Geely: New Energy Penetration Rate Breaks 56%

Geely Auto's total sales volume in May was 237,600 vehicles, a 1% year-on-year increase, achieving month-over-month double growth for three consecutive months. In terms of structure, Geely's "New Four Transformations" transformation showed significant results: new energy vehicle sales reached 133,400 units, accounting for 56% of total sales, with new energy share exceeding 50% for four consecutive months.

From sub-brands, performance was significantly divergent. Zeekr brand sales in May reached 34,400 vehicles, a 82% year-on-year increase; Zeekr 9 Series and 8 Series models combined sales approached 50% of total sales, showing bright performance in the high-end market; Galaxy brand sales were 81,700 vehicles; Geely brand sales were 182,500 vehicles, among which China Star Series sales reached 100,800 vehicles; Lynk & Co brand sales were 20,700 vehicles, with new energy vehicle sales share rising to 71%.

In terms of exports, Geely's overseas vehicle exports in May reached 85,100 vehicles, a explosive 184% year-on-year increase, setting a brand single-month export record high. Among exported products, new energy vehicles reached 40,800 units, accounting for nearly half; hybrid and pure electric products have successively landed in Southeast Asia, Middle East, Latin America, and other markets, highlighting the results of global strategy implementation.

Changan: Multi-brand Matrix Balanced Effort

Changan Auto's delivery volume in May was 209,100 vehicles, among which new energy deliveries were 92,400 vehicles, a 5.8% year-on-year increase, with new energy share about 44%. In terms of exports, overseas deliveries reached 70,700 vehicles, a 38% year-on-year increase, becoming another major growth highlight for Changan in May.

In the sub-brand matrix, Changan Qiyuan delivered 34,500 vehicles in May; All-New Q05 delivered 15,800 units, with orders breaking 3,000 units within three days of listing in Thailand; Deepal sales in May were 33,200 vehicles, a 30% year-on-year increase; January to May overseas cumulative sales were 28,700 vehicles, a significant 167% year-on-year increase; Avatr delivered 7,336 vehicles in May; Changan Auto (Gravity) delivered nearly 49,000 vehicles in May.

Changan Auto's balanced layout was fully reflected in May: the fuel car base remained stable, new energy brands Deepal and Qiyuan accelerated volume growth, high-end brand Avatr continued to break through in technical cooperation, and overseas markets simultaneously achieved breakthrough growth. The pattern of five brands working together, driven by both new energy and exports, is initially taking shape.

Great Wall: Overseas Sales Growth Year-on-Year 46.75%

Great Wall Motor's sales in May were 100,400 vehicles, slightly down compared to last May's 102,200 vehicles, making it the only company among the top 5 to show a year-on-year negative growth. From sub-brands, Haval brand sales in May were 55,500 vehicles, remaining Great Wall's most important sales pillar; Tank brand sales were 17,100 vehicles; both Haval and Tank brand sales showed year-on-year declines; Wey brand sold 8,119 vehicles, a 31.78% year-on-year increase, achieving growth against the trend; Ora brand performance was most stunning, with sales of 6,018 vehicles, a significant 206.88% year-on-year increase. In terms of new energy, Great Wall sold 30,400 new energy vehicles in May, with new energy vehicle transformation gradually accelerating.

The overseas market became Great Wall's biggest highlight in May, with overseas sales growing 46.75% year-on-year. Against the background of pressure on the domestic market, strong growth in overseas business effectively made up for the decline in the domestic market. Great Wall Motor's current core contradiction lies in: Haval and Tank, the two traditional main-selling brands, face weak growth, while Wey and Ora brands, although growing notably, have relatively small volume and are not yet enough to support overall growth. How to complete the "relay" between old and new brands is the key issue Great Wall must solve subsequently.

Final Thoughts

From May data, the growth pattern of the top 5 domestic brands has clearly diverged, but there are three common trends worth noting: First, exports have become a key engine for domestic brands to seek stability and growth. Second, new energy transformation is still accelerating, but paths differ among enterprises. Third, technological innovation continues to deepen brand moats. Looking ahead to the second half of the year, competition in the automotive industry will continue to upgrade around these three trends. Although everyone has a common direction, these three trends are all competing for the entire enterprise's industrial chain strength, and the strong will remain strong, which has almost become an inevitable outcome.

兄弟姐妹們，今日講一個出海嘅大新聞——唔係賣車，係賣「司機」。6 月 2 號，文遠知行同 Uber 聯合宣佈咗一件事：計劃喺西班牙馬德里推出該國首個商業化 Robotaxi 試點服務。意思就係：西班牙人好快就可以用 Uber 叫到一台冇司機嘅出租車。呢次係文遠知行同 Uber 第一次一齊進入歐洲市場。馬德里亦成為文遠知行 Robotaxi 駛入嘅全球第十二個城市。

官方消息話，喺馬德里自治區政府嘅支持下，呢項服務今年內就會正式啟動。到嗰陣，馬德里嘅朋友哋打開 Uber App，就有一鍵呼叫文遠知行嘅 Robotaxi。同叫普通網約車一樣，分別係嚟嘅車冇駕駛員——至少喺初期，仲係有分別嘅。運營初期，車入面會配備經過專業培訓嘅安全員，終究係剛上線，穩妥第一。

文遠知行呢間公司，你可能聽過，也可能冇聽過。簡單介紹下：2017 年成立，一直埋頭搞 Robotaxi 技術研發同商業化。而家佢嘅 Robotaxi 已經覆蓋咗廣州、北京、新加坡、阿布達比、迪拜、利雅得、蘇黎世……加埋而家嘅馬德里，一共 12 個城市。西班牙亦係文遠知行進入嘅第五個歐洲市場——之前已經入咗瑞士、法國、比利時、斯洛伐克。按照文遠知行同 Uber 喺 2025 年 5 月達成嘅規劃，佢哋要喺五年內新增 15 個國際城市部署 Robotaxi 服務，全球部署數萬輛 Robotaxi。隨著馬德里落地，目前已經完成咗 4 個城市嘅佈局，仲有 11 個會喺 2030 年前陸續覆蓋。

講真嘅，中國自動駕駛公司出海唔係頭一回，但中國技術 + 全球出行平台 + 歐洲市場呢個組合，定係好有意思。馬德里係歐洲最具商業潛力嘅 Robotaxi 市場之一，人口多、出行需求大，當地政策都好友善。喺呢個市場站穩腳根，對文遠知行嚟講係個唔小嘅里程碑。對 Uber 嚟講，引進 Robotaxi 都係為咗降低成本——終究司機唔使發人工。對馬德里市民嚟講，以後打車可能更平。