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2026赛季，国际汽联F4方程式中国锦标赛已走过上海、天津、宁波三站。凯飞赛车的大师组车手罗檍丰继续保持着稳定的竞技状态，多次登上组别颁奖台并有夺冠的表现，目前在大师组车手积分榜领跑。从2024年的新秀赛季到如今的大师组冠军，罗檍丰用两年时间完成了一次扎实的进阶。而这条路，始于一个普通车迷对速度的纯粹热爱。
从车迷到车手：热爱的力量
在成为车手之前，罗檍丰就是一个狂热的车迷。他喜爱汽车升级，热衷卡丁车，长期以普通车迷的身份享受着驾驶和研究车辆机械的乐趣。在热爱的驱使下，他接触到了方程式赛车，第一次试车后就彻底迷上了方程式充满挑战性的驾驶体验。
回忆起从车迷到车手的转变，罗檍丰说：“我本身就是深度汽车爱好者，很早就喜欢改装街车、玩卡丁车，原本只是以车迷身份单纯享受开车、研究车辆机械。后来，我通过凯飞赛车接触到方程式试车机会，第一次坐进开放式车轮的赛车之后，彻底被方程式的驾驶魅力吸引。”
从街车到F4方程式，驾驶体验的差距几乎是天壤之别。
罗檍丰这样描述：“以往开街车，车身有包围、转向有助力、悬挂偏舒适，容错率很高。但F4方程式完全没有任何助力，刹车要靠全身力量去踩，悬挂非常硬朗，路面任何细微颠簸都会直接传到手上，没有容错空间，对走线、刹车点精准度要求苛刻到极致。第一次坐进F4座舱压迫感很强，空间狭小、视野开阔无遮挡，整个人被安全带牢牢固定，起步踩下油门那一刻，才真正明白方程式所有操作都容不得半点失误，和以往所有车辆的驾驶逻辑完全不一样。”
从车迷到正式参加F4，他花了很长时间打磨基础：“大量模拟器练习、反复跑卡丁车夯实走线，利用空余时间不断到赛道试车，适应无助力刹车、硬悬挂的驾驶感，同时学习赛事规则、体能训练，一步步完成从公路驾驶者到可以独立完成排位、正赛的方程式车手的转变，最终拿到参赛资格坐上F4座舱。”
2024新秀赛季：超额完成的年度冠军
2024年是罗檍丰完整跑F4的第一个赛季。赛季初，他的目标并不高远——安全完赛、积累经验。他甚至没有想过冲击组别年度冠军。赛季过程里，他一站一站调整状态。成都站，他面对高温和事故不断的比赛，以惊人的稳定性豪揽两冠两亚；宁波站再下一城勇夺冠军；在随后的上海和珠海分站中，罗檍丰也顺利登上颁奖台。最终，他拿下了绅士组组别年度冠军。
回顾这个赛季，罗檍丰坦言：“年初给自己定的目标只有安全完赛、不断积累经验，并没有想过去冲击年度冠军。赛季过程里我一站一站调整状态，成都站拿到两冠两亚之后，才看到争夺年度冠军的可能性。最后能够拿下绅士组年度冠军，属于超额完成目标，有自己努力的成分，也离不开车队的支持。最终这个结果是惊喜，但也是一整年每一场比赛拼出来的回报。”
阿联酋方程式杯：国际舞台的历练
2024年末，罗檍丰随凯飞赛车进军海外，参加阿联酋方程式杯（Formula Trophy UAE），成为首位参加该项赛事的中国香港车手。
阿联酋方程式杯是F1阿布扎比大奖赛的支援赛事。罗檍丰于12月13日至14日在阿布扎比亚斯码头大奖赛赛道参加了最后一站的角逐。赛事云集了20多位来自意大利、阿联酋、澳大利亚、英国、西班牙、中国等国的优秀车手。
亚斯码头是一条F1级别永久赛道，整条赛道路面平整度、赛道缓冲区、安全设施都是全世界顶级水准。罗檍丰说：“这条赛道的安全性非常高，为车手提供了充足的安全保障，让我更有信心不断挑战极限，另外赛道的维护保养和周边环境也让我大开眼界。”
他对比了这条赛道和国内赛道的不同：“亚斯码头整条赛道几乎没有高低落差，而国内赛道大多带有天然地势起伏，很多弯道带有上坡、下坡，路面也会有细微起伏，非常考验对路面的判断。另外亚斯码头有超长直道，尾速远比国内赛道更高，高速刹车压力更大；而且这条赛道白天、黄昏灯光环境差异极大，视线变化也是国内赛道不会遇到的特点。”
在阿联酋，他驾驶的是Tatus F4 T421 GEN2赛车，这与他在国内驾驶的Mygale赛车截然不同。罗檍丰坦言：“Tatus和Mygale赛车无论是稳定性、刹车、车架调校还是灵活性都非常不同。Mygale刹车线性温和，Tatus刹车初段非常灵敏，很容易锁死轮胎。最难适应的就是不能用固有的驾驶习惯，每一个刹车点、转向时机都要全部推翻重新判断。短短几天时间就要在排位和正赛里做到完全适配，是最大考验。”
时差和密集赛程是这次参赛的最大挑战。罗檍丰回忆道：“第一天抵达阿布扎比后就马上到车队报到，第二天开始练习，第三天练习赛、排位赛和两场正赛都在同一天进行。由于时差关系，正赛时段我的体力开始下降，全凭意志支撑直至比赛完毕。赛前我只预想了开车的挑战，但去到国外才发现场外消耗远比想象中大。时差加上中东干燥酷热的气候，严重消耗体能，就算不上赛道，身体也一直在超负荷。国外赛事的工作节奏、沟通模式完全不同，全部要自己和外籍工程师沟通车辆调校，语言、沟通方式都需要磨合。赛程安排极度紧凑，没有多余调整休息时间，很多细节问题是在国内比赛完全不需要操心的事情。”
尽管挑战重重，罗檍丰还是在排位赛阶段做出了亮眼的圈速，并顺利完成了两回合决赛。“我希望能通过这次比赛，拓宽自己的眼界，与国外的车手们交流学习，持续提升我的驾驶技巧。同时，驾驶不同的方程式赛车，也能让我累积更多的驾驶经验。”
2026赛季：更沉稳的心态，更清晰的定位
进入2026赛季，罗檍丰的心态发生了明显变化。上海揭幕战，他斩获一回合组别杆位，正赛中三次闯入全场前十，于大师组三冠凯旋。天津站多变的天气中，他包揽大师组三冠，第三回合更以全场第五名完赛，创下本赛季大师组最佳战绩；宁波站，他继续稳健发挥，再次有组别冠军进账。
对比2024和2026两个赛季，罗檍丰说：“2024第一年参赛，更多是急于证明自己，每一圈都在追求最快圈速，很容易因为急躁犯错。到2026赛季，我已经非常清楚自己的定位，不再盲目和全场年轻人比拼绝对速度，更懂得取舍——排位尽力拿位置，正赛优先保住走线和节奏，减少失误。心态更加沉稳，懂得控制情绪，不会因为一次走线失误打乱整场比赛，懂得用经验弥补年龄上的体能差距，比赛思路比前两年成熟很多，这也是今年上海站可以拿下大师组三冠最核心的原因。”
面对陈誉齐、赵子竣等天赋极高的年轻车手，罗檍丰坦言压力存在，但更多转化成了动力：“他们代表着目前国内方程式最高的速度标准，跟他们同场，会逼着我不断打磨自己的走线、刹车点，不能停留在原有水平。看着这群年轻人快速成长，也会让我保持进取心，不会因为组别成绩就松懈，每一场比赛都逼着自己持续进步。”
未来：坚守方程式赛场，突破昨天的自己
对于赛车生涯的目标，罗檍丰的规划清晰而务实。
展望未来，罗檍丰说：“短期目标是把每一个赛季稳定发挥，把大师组的竞技状态保持下去，用经验不断完善自己的驾驶，尽量缩短和全场顶尖车手的圈速差距。中长期希望多参与海外国际赛事，多跑不同规格的方程式赛车，拓宽眼界，弥补国内比赛看不到的不足。赛车对我来说是长期热爱，不会追求一定要去到更高组别，最大目标就是一直保持竞争力，长久留在方程式赛场，在每一次上车的时候，都可以突破昨天的自己。”
首秀赛季就勇夺组别年度冠军，远赴阿联酋勇闯国际舞台，到如今稳健领跑在组别积分榜，罗檍丰用两年时间完成了从“一年级生”到成熟车手的蜕变。他的进阶之路没有捷径——模拟器、卡丁车、赛道试车、体能训练，每一步都扎实。正如他所说：“突破自己、比之前的自己更快才是最难的。”而最难的事，他正在一步步做到。
In the Malaysian SUV market, many buyers compare Perodua Aruz and Chery Tiggo 7 Pro when choosing a car. These two models are quite close in price and positioning. Today we will make a detailed comparison from multiple aspects to help you save time on research.
Perodua Aruz is priced at RM 72,900 - 77,900 OTR in Malaysia, with a total of 2 versions, including 1.5L X (RM 72,900), 1.5L AV (RM 77,900), etc.
Chery Tiggo 7 Pro is priced at RM 123,750 - 123,750 OTR in Malaysia, with a total of 2 versions, including 1.6L Turbo Standard (RM 125,000), 1.6L Turbo Premium (RM 140,000), etc.
From a price perspective, Perodua Aruz's starting price is indeed RM 50,850 cheaper than Chery Tiggo 7 Pro. If your budget is limited, Perodua's entry-level version can already meet daily needs. However, you should also note that the few thousand ringgit savings might involve compromises in features, depending specifically on your needs.
Perodua Aruz safety rating is 5★ (ASEAN NCAP), active safety systems include.
Chery Tiggo 7 Pro safety rating is TBD, active safety systems include Basic.
Perodua Aruz body length 4400 mm, trunk 400 L.
Chery Tiggo 7 Pro body length 4400 mm, trunk 400 L.
The dimensions of both cars are almost the same, with little difference in interior space. Cars in this class are more than enough for daily use.
Perodua Aruz uses FWD drive system.
Chery Tiggo 7 Pro uses FWD drive system.
Both cars have the same drive system, both are FWD, and there will not be too much difference in daily driving experience.
Overall, Perodua Aruz and Chery Tiggo 7 Pro are both very good models in the Malaysian market. Which one to choose depends mainly on your personal needs and budget. We recommend doing your research, comparing quotes from several dealerships, and test driving before making a final decision. Buying a car is a big matter, spending time on research will never be wrong.
喺馬來西亞嘅 SUV 市場，好多買家喺揀車嗰陣都會拿 Perodua Aruz 同 Honda HR-V 嚟比較。呢兩款車喺價位同定位上都好接近，今日我就從多個方面做一個詳細嘅對比，幫你省下做功課嘅時間。
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。
Honda HR-V 喺馬來西亞嘅 OTR 售價係 RM 115,900 - 143,900，一共有 4 個版本，包括 2026 e:HEV 1.5L RS（RM 143,900）、2026 1.5T V（RM 137,900）、2026 1.5T E（RM 130,900） 等。
從價錢嚟睇，Perodua Aruz 嘅起步價確實比 Honda HR-V 平咗 RM 43,000。如果你預算有限，Perodua 嘅入門版已經可以滿足日常需求。但要注意，平少少嗰幾千塊，喺配備上可能有取舍，具體要看你嘅需求。
Perodua Aruz 嘅安全評級係 5★ (ASEAN NCAP)，主動安全系統包括。
Honda HR-V 嘅安全評級係 5★ (ASEAN NCAP)，主動安全系統包括 Honda SENSING (ACC, CMBS, LKAS, RDM)。
兩款車嘅安全評級一樣，喺呢個級別入面安全配備都算好齊全。而家嘅新車安全性都唔差，唔使太擔心呢一點。
Perodua Aruz 採用 FWD 驅動方式。
Honda HR-V 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。
Perodua Aruz 保修 5 年/150,000km，保養間隔 每 10,000km 或 6 個月。
Honda HR-V 保修 5 年/無限制里程，保養間隔 每 10,000km 或 6 個月。
總括嚟講，Perodua Aruz 同 Honda HR-V 都係馬來西亞市場好好嘅車型。揀邊一輛，關鍵都要睇你嘅個人需求同預算。建議大家做足功課，多比較幾間車行嘅報價，先至去試駕先做最後決定。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 SUV 市場，好多買家喺揀車嘅時候都會拎 寶杜亞 Aruz 同 本田 WR-V 嚟作比較。這兩部車喺價位同定位上都幾接近，今日我哋就由多個方面做一個詳細比較，幫你節省揾資料嘅時間。
寶杜亞 Aruz 喺馬來西亞嘅 OTR 售價係 RM 72,900 - 77,900，合共 2 個版本，包括 1.5L X（RM 72,900）、1.5L AV（RM 77,900） 等。
本田 WR-V 喺馬來西亞嘅 OTR 售價係 RM 89,900 - 107,900，合共 4 個版本，包括 2023 1.5L V（RM 99,900）、2023 1.5L E（RM 95,900）、2023 1.5L S（RM 89,900） 等。
由價錢睇，寶杜亞 Aruz 嘅入手價確係比 本田 WR-V 平咗 RM 17,000。如果你預算唔夠，寶杜亞嘅入門版已經可以滿足日常需要。不過都係要注意，平嗰幾千蚊，可能喺配備上會有取舍，具體視乎你嘅需要。
寶杜亞 Aruz 配用 1.5L 4-cyl，馬力 105 hp。官方油耗 6.0 L/100km。
本田 WR-V 配用 1.5L 4-cyl，馬力 105 hp。官方油耗 6.0 L/100km。
兩部車用緊同一套動力系統，日常開落嚟嘅感覺基本無分別。油耗方面都差唔多，唔使太糾結呢一點。
寶杜亞 Aruz 嘅安全评分係 5★ (ASEAN NCAP)，主動安全系統包括 。
本田 WR-V 嘅安全评分係 5★ (ASEAN NCAP)，主動安全系統包括 Honda SENSING。
兩部車嘅安全评分一樣，喺呢個級別入面安全配備都算給得好齊全。而家嘅新車安全性都唔差，唔使太擔心這一點。
寶杜亞 Aruz 車身長 4400 mm，尾箱 400 L。
本田 WR-V 車身長 4400 mm，尾箱 400 L。
兩部車嘅尺寸幾近一樣，車內空間差別唔大。呢個級別嘅車，日常使用完全夠用。
寶杜亞 Aruz 同 本田 WR-V 都係馬來西亞市場嘅主流選擇，適合家庭用、日常通勤。如果你更重視品牌聲譽同二手價，可以優先考慮聲譽更好嗰款；如果你更介意性價比同配備，就揀配置更豐富嗰款。最終都好建議兩款都去試駕，親身體驗先係最緊要。
總括嚟講，寶杜亞 Aruz 同 本田 WR-V 都係馬來西亞市場幾唔錯嘅車型。揀邊架，關鍵都要睇返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，再嚟試駕做最終決定。買車係件大事，花少少時間做功課絕對無錯。
In Malaysia's SUV market, many buyers compare Perodua Ativa and Chery Tiggo 7 Pro when choosing a car. These two cars are quite close in price and positioning. Today we will make a detailed comparison from multiple aspects to help you save time on research.
The OTR price of Perodua Ativa in Malaysia is RM 62,500 - 73,400, with a total of 3 versions, including 1.0L Turbo X (RM 62,500), 1.0L Turbo H (RM 67,300), 1.0L Turbo AV (RM 73,400), etc.
The OTR price of Chery Tiggo 7 Pro in Malaysia is RM 123,750 - 123,750, with a total of 2 versions, including 1.6L Turbo Standard (RM 125,000), 1.6L Turbo Premium (RM 140,000), etc.
From the price perspective, Perodua Ativa's starting price is indeed RM 61,250 cheaper than Chery Tiggo 7 Pro. If your budget is limited, Perodua's entry-level version can already meet daily needs. But keep in mind, the few thousand less expensive, there might be compromises in equipment, it depends on your specific needs.
Perodua Ativa is equipped with 1.5L 4-cyl, 105 hp. Official fuel consumption 6.0 L/100km.
Chery Tiggo 7 Pro is equipped with 1.5L Turbo, 140 hp. Official fuel consumption 7.0 L/100km.
In terms of power, Chery Tiggo 7 Pro's 1.5L Turbo has 35 more hp compared to Perodua Ativa's 1.5L 4-cyl. However, for daily driving in the city, the power of both cars is sufficient, you won't feel underpowered.
Perodua Ativa's safety rating is 5★ (ASEAN NCAP), active safety systems include ASA 3.0 + ACC + LDA + LKA + BSM + RCTA.
Chery Tiggo 7 Pro's safety rating is TBD, active safety systems include Basic.
Regarding safety equipment, both cars have received good ratings. However, Perodua Ativa's ASA 3.0 + ACC + LDA + LKA + BSM + RCTA and Chery Tiggo 7 Pro's Basic have some differences in functionality. If you value active safety, you can compare the function lists of both in detail.
Perodua Ativa uses FWD drive method.
Chery Tiggo 7 Pro uses FWD drive method.
Both cars have the same drive method, both are FWD, daily driving experience will not have much difference.
Overall, Perodua Ativa and Chery Tiggo 7 Pro are both very good models in the Malaysia market. Choosing which one depends on your personal needs and budget. We suggest you do research, compare quotes from several dealerships, and go for a test drive to make the final decision. Buying a car is a big matter, spending time on research will definitely not be wrong.
喺馬來西亞嘅 SUV 市場，好買家在揀車嘅時候都會拿寶騰 X90 同 福斯 Tiguan 嚟做比較。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，幫你省下做功課嘅時間。
寶騰 X90 喺馬來西亞嘅 OTR 售價係 RM 106,800 - 122,800，一共有 4 個版本，包括 2026 1.5T Prime X（RM 122,800）、2026 1.5T Prime（RM 116,800）、2026 1.5T Lite（RM 106,800） 等。
福斯 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。
從價錢來看，寶騰 X90 嘅起步價確實比 福斯 Tiguan 平咗 RM 99,740。如果你預算有限，寶騰嘅入門版已經可以滿足日常需求。但都要注意，平嗰幾千蚊，可能喺配備上有取舍，具體要看你嘅需求。
寶騰 X90 搭載 1.5L Turbo，馬力 140 hp。官方油耗 7.0 L/100km。
福斯 Tiguan 搭載 2.0L 4-cyl，馬力 170 hp。官方油耗 8.0 L/100km。
動力方面，福斯 Tiguan 嘅 2.0L 4-cyl 比 寶騰 X90 嘅 1.5L Turbo 多咗 30 匹馬力。不過日常喺市區開，兩款車嘅動力都夠用，唔會覺得唔夠勁。
寶騰 X90 嘅安全評級係 5★ (ASEAN NCAP)，主動安全系統包括 ADAS (ACC, AEB, LKA, LDA, BSM, RCTA)。
福斯 Tiguan 嘅安全評級係 5★ (Euro NCAP)，主動安全系統包括 IQ.Drive。
安全配備方面，兩款車都拿到不錯嘅評級。不過 寶騰 X90 嘅 ADAS (ACC, AEB, LKA, LDA, BSM, RCTA) 同 福斯 Tiguan 嘅 IQ.Drive 喺功能上有些差異，如果你比較看重主動安全嘅話，可以仔細對比一下兩者嘅功能列表。
寶騰 X90 採用 FWD 驅動方式。
福斯 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區別。
總得嚟講，寶騰 X90 同 福斯 Tiguan 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，花啲時間做功課絕對唔會錯。
喺馬來西亞嘅 SUV 市場，好多買家喺揀車嘅時候都會拿 Mazda CX-60 同 Chery Tiggo 8 嚟做比較。呢兩款車喺價位同定位上都好接近，今日我就由多個方面做一個詳細嘅比較，幫大家省下做功課嘅時間。
Mazda CX-60 喺馬來西亞嘅 OTR 售價係 RM 200,510 - 252,873，一共有 2 個版本，包括 2026 3.3T 4WD High Plus（RM 252,873）、2025 2.5L 2WD High（RM 200,510） 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。
從價錢嚟睇，Chery Tiggo 8 嘅起步價比 Mazda CX-60 平咗 RM 70,760。坦白講，喺呢個價位段，幾千塊嘅差距其實唔算大，關鍵仲係睇整體嘅性價比同長遠使用成本。
Mazda CX-60 配備 2.0L 4-cyl，馬力 170 hp。官方油耗 8.0 L/100km。
Chery Tiggo 8 配備 1.5L Turbo，馬力 140 hp。官方油耗 7.0 L/100km。
動力方面，Mazda CX-60 嘅 2.0L 4-cyl 比 Chery Tiggo 8 嘅 1.5L Turbo 多咗 30 匹馬力，中段加速更有信心，尤其係行高速路超車嘅時候。不過 Chery Tiggo 8 嘅油耗可能更友好，日常市區通勤分別唔會太大。
Mazda CX-60 車身長 4500 mm，尾箱 450 L。
Chery Tiggo 8 車身長 4400 mm，尾箱 400 L。
空間方面，Mazda CX-60 嘅車身比 Chery Tiggo 8 長咗 100 mm，車內乘坐空間會稍微闊少少，尤其係後座腳位空間。如果你經常載家人或者需要放車仔，大啲嘅車身確實更實用。
Mazda CX-60 保養 5 年/150,000km，保養間隔 每 10,000km 或 6 個月。
Chery Tiggo 8 保養 3 年/100,000km，保養間隔 每 10,000km 或 6 個月。
總體嚟講，Mazda CX-60 同 Chery Tiggo 8 都係馬來西亞市場幾唔錯嘅車型。揀邊一輛，關鍵仲係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。
喺馬來西亞嘅汽車市場，好多買家喺揀車嘅時候都會拿 Proton X70 同 Chery Tiggo Cross 嚟作比較。今日我哋由多個角度嚟做個詳細比較，幫你省咗做功課嘅時間。
Proton X70 喺馬來西亞嘅 OTR 售價係 RM 106,800 - 122,300，合共有 3 個版本，包括 1.5L Standard 2WD（RM 106,800）、1.5L Executive 2WD（RM 115,800）、1.5L Premium 2WD（RM 122,300）等等。
Chery Tiggo Cross 喺馬來西亞嘅 OTR 售價係 RM 88,750 - 99,750，合共有 2 個版本，包括 2025 HEV 1.5L CSH（RM 99,750）、2025 1.5T Standard（RM 88,750）等等。
從價錢嚟睇，Chery Tiggo Cross 嘅起步價比 Proton X70 平咗 RM 18,050。老實講，喺呢個價位段，幾千蚊嘅差距其實唔算大，關鍵仲要看整體嘅性價比同長期使用成本。
Proton X70 配備 1.5L Turbo，馬力 140 hp。官方油耗 7.0 L/100km。
Chery Tiggo Cross 配備 1.5L 4-cyl，馬力 105 hp。官方油耗 6.0 L/100km。
動力方面，Proton X70 嘅 1.5L Turbo 比 Chery Tiggo Cross 嘅 1.5L 4-cyl 多咗 35 匹馬力，中段加速會更有信心，尤其係行高速公路超車嘅時候。但 Chery Tiggo Cross 嘅油耗表現可能更好，日常市區通勤嘅話分別唔會太明顯。
Proton X70 保用 5 年/150,000km，保養間隔 每 10,000km 或 6 個月。
Chery Tiggo Cross 保用 3 年/100,000km，保養間隔 每 10,000km 或 6 個月。
Proton X70 同 Chery Tiggo Cross 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款；如果你更在意性價比同配備，那就揀配置更豐富嗰款。最終都係建議兩款都去試駕，親身體驗先係最重要。
總嘅嚟講，Proton X70 同 Chery Tiggo Cross 都係馬來西亞市場幾唔錯嘅車型。揀邊部，關鍵都係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唔會錯。
喺馬來西亞嘅汽車市場，好多買家喺揀車嘅時候都會拿本田 CR-V 同奇瑞 Tiggo 8 PHEV 嚟做比較。今日我哋從多個方面做一個詳細嘅比較，幫你節省咗做功課嘅時間。
本田 CR-V 喺馬來西亞嘅 OTR 售價係 RM 178,200 - 195,900，一共有 4 個版本，包括 2026 e:HEV 2.0L 2WD RS（RM 195,900）、2026 1.5T 4WD V（RM 181,900）、2026 e:HEV 2.0L 2WD E（RM 178,200）等。
奇瑞 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。
由價錢睇嚟，奇瑞 Tiggo 8 PHEV 嘅起價比本田 CR-V 平咗 RM 18,450。老實講，喺呢個價位段，幾千蚊嘅差距其實唔算大，關鍵係睇整體嘅性價比同長期使用成本。
本田 CR-V 車身長 4500 mm，尾箱 450 L。
奇瑞 Tiggo 8 PHEV 車身長 4400 mm，尾箱 400 L。
空間方面，本田 CR-V 嘅車身比奇瑞 Tiggo 8 PHEV 長咗 100 mm，車內乘坐空間會稍微寬鬆啲，尤其係後座腳位空間。如果你經常載家人或者需要放嬰兒車，大啲嘅車身確實更實用。
本田 CR-V 採用 FWD 驅動方式。
奇瑞 Tiggo 8 PHEV 採用 FWD 驅動方式。
兩款車嘅驅動方式一樣，都係 FWD，日常駕駛感覺唔會有太大分別。
本田 CR-V 同奇瑞 Tiggo 8 PHEV 都係馬來西亞市場嘅主流選擇，適合家庭使用、日常通勤。如果你更重視品牌口碑同二手價，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。最終都係建議兩部都去試車，親身體驗先至最重要。
總體嚟講，本田 CR-V 同奇瑞 Tiggo 8 PHEV 都係馬來西亞市場幾唔錯嘅車型。揀邊一部，關鍵都係要睇你嘅個人需求同預算。建議大家做好功課，多比較幾間車行之報價，再去試車做最終決定。買車係件大事，花少少時間做功課絕對唔會錯。
喺馬來西亞嘅汽車市場，好多買家喺揀車嗰陣都會拿寶馬 X5 同 賓士 GLC 嚟做比較。今日我哋從多個方面做一個詳細嘅比較，幫你節省做功課嘅時間。
寶馬 X5 喺馬來西亞嘅 OTR 售價係 RM 470,800 - 470,800，一共有 3 個版本，包括 1.5L 標準版（RM 86,300）、1.5L 行政版（RM 95,300）、1.5L 豪華版（RM 103,300） 等。
賓士 GLC 喺馬來西亞嘅 OTR 售價係 RM 336,888 - 336,888，一共有 2 個版本，包括 GLC 200（RM 290,000）、GLC 300（RM 340,000） 等。
由價錢睇，賓士 GLC 嘅起步價比寶馬 X5 平咗 RM 133,912。老實講，喺呢個價位段，幾千蚊嘅差距其實唔算大，關鍵始終係睇整體嘅性價比同長期使用成本。
寶馬 X5 嘅安全評級係 5★ (ASEAN NCAP)，主動安全系統包括 ADAS (ACC, AEB, LKA, LDA, BSM, RCTA)。
賓士 GLC 嘅安全評級係 5★ (Euro NCAP)，主動安全系統包括 Premium ADAS。
安全配備方面，兩款車都拿到唔錯嘅評級。不過寶馬 X5 嘅 ADAS (ACC, AEB, LKA, LDA, BSM, RCTA) 同 賓士 GLC 嘅 Premium ADAS 喺功能上有些差異，如果你比較重視主動安全嘅話，可以仔細對比下兩者嘅功能列表。
寶馬 X5 車身長 4400 mm，後備箱 400 L。
賓士 GLC 車身長 4400 mm，後備箱 400 L。
兩款車嘅尺寸幾乎一樣，車內空間差別唔大。呢個級別嘅車，日常使用完全夠用。
寶馬 X5 保修 5 年/無限里程，保養間隔 每 10,000km 或 6 個月。
賓士 GLC 保修 3 年/100,000km，保養間隔 每 10,000km 或 6 個月。
總體嚟講，寶馬 X5 同 賓士 GLC 都係馬來西亞市場好唔錯嘅車型。揀邊輛，關鍵始終係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，先至去試駕做最終決定。買車係件大事，花啲時間做功課絕對唔會錯。
車型概覽
深藍汽車SL03 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。 呢篇會集中講高速巡航、併線同超車信心，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
深藍汽車SL03 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 EREV 1.5L 140km 後驅版（價格待確認）、2025 EREV 1.5L 220km 後驅版（價格待確認）、2025 BEV 515km 後驅版（價格待確認）、2025 BEV 530km 後驅版（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 深藍汽車SL03 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。
18.99/28.39/58.1/56.1 kWh 嘅電池容量，真正意義係可以幫你估算一星期通勤同周末出車要唔要中途補電。 140/220/515/530 km 嘅續航參考，對住喺新界、九龍同港島之間跨區行車嘅用家會更實際。 95 Ps / 70 kW / 175 kW / 160 kW、141/320 N·m 嘅輸出，令高速併線同短距離超車更有信心。 車長 4820 mm、車闊 1890 mm、車高 1480 mm、軸距 2900 mm 可以幫你預判商場停車場、屋苑車位同後排腿部空間。
優缺點分析
深藍汽車SL03 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：電池同續航資訊有助安排通勤同補電、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 深藍汽車SL03 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「深藍汽車 SL03 的綜合油耗表現係點樣？」簡單講，深藍汽車 SL03 綜合油耗低至 1.2L/100km，混合動力能耗表現出色。 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 深藍汽車SL03 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、再比較能源成本同補能便利、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 深藍汽車SL03 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。
車型概覽
平治GLE系列 AMG 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。 呢篇會集中講香港停車場同窄路使用，幫你用買家角度篩走唔適合嘅選擇。
HK$ 703,017 令預算位置更清楚，買家可以先估算月供、保險、泊車同日常開支。
購車價格指南
平治GLE系列 AMG 嘅購車預算可以先由 HK$ 703,017 開始計。香港買車唔只係睇車價，月供、保險、牌費、泊車同能源成本都會影響每月壓力。
如果有幾個版本可揀，可以先將 2024 AMG GLE 53 4MATIC+（HK$ 703,017） 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 平治GLE系列 AMG 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。
435 Ps / 320 kW、560 N·m 嘅輸出，令高速併線同短距離超車更有信心。 車長 4937 mm、車闊 2157 mm、車高 1782 mm 可以幫你預判商場停車場、屋苑車位同後排腿部空間。 手自一體(AT)、前置四駆 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
平治GLE系列 AMG 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：預算位置清楚，方便同同級車直接比較、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 平治GLE系列 AMG 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「Mercedes-Benz GLE Series AMG 有提供不同的車身設計嗎？」簡單講，是的，Mercedes-Benz GLE Series AMG 同時提供傳統的 SUV 以及流線型的 Coupé 轎跑兩種車身版本供買家選擇；SUV 版本著重於後排頭部空間與整體實用性，非常適合家庭日常使用，而 Coupé 版本則以傾斜的車頂線條營造出更強烈的運動感，特別迎合追求獨特個性和動感外觀的香港駕駛者。 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 平治GLE系列 AMG 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：先用 HK$ 703,017 鎖定預算圈、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 平治GLE系列 AMG 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。
車型概覽
東風風神L7 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。 呢篇會集中講香港停車場同窄路使用，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L7 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 2024 BEV 518km 前驅版（價格待確認）、2024 PHEV 1.5T 110km 前驅版（價格待確認）、2024 PHEV 1.5T 205km 前驅版（價格待確認）、2025 PHEV 1.5T 110km 前驅版（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L7 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。
62.3/17/30.3/50.8 kWh 嘅電池容量，真正意義係可以幫你估算一星期通勤同周末出車要唔要中途補電。 518/110/205/430 km 嘅續航參考，對住喺新界、九龍同港島之間跨區行車嘅用家會更實際。 13.3/13.5 kWh/100km 嘅耗電表現，會影響你去快充站或者屋苑充電位嘅頻率。 160 kW / 154 Ps / 113 kW / 100 kW、310/240/260 N·m 嘅輸出，令高速併線同短距離超車更有信心。
優缺點分析
東風風神L7 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：日常能源成本有基本參考、電池同續航資訊有助安排通勤同補電、動力輸出對高速同上斜更有底氣。
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L7 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 L7 係咪插電混能車？」簡單講，係呀，東風風神 Aeolus L7 係品牌首款搭載插混技術嘅 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L7 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、再比較能源成本同補能便利、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L7 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。
BYD officially released the May 2026 production and sales flash report, with new energy vehicles from all brands reaching a monthly sales volume of 383,453 vehicles, a slight increase of 0.26% year-on-year, achieving year-on-year positive growth in monthly sales after ten months; among them, passenger car deliveries reached 376,990 units, surging 19.4% month-on-month, wiping out the pain of previous model iterations, presenting a new pattern where the domestic base is stable, overseas sales are soaring, and high-end brands are scaling up across the board. Amidst the market environment of intensified competition in the domestic new energy sector, Tesla FSD entering China, and an intense launch of independent new products, it has forged a unique structural growth path.
The Dynasty and Ocean main brands combined sold 330,215 vehicles in May, accounting for over 80% of the group's total sales, remaining the stabilizer for BYD's sales volume. The full series had 8 models exceeding 20,000 units in monthly sales, covering products from 50,000 entry-level commuter to 200,000 home SUV.
Inside the Dynasty Network, the Yuan family sold 56,691 units, and the Song family 51,370 units. Both crossed the 50,000 threshold, becoming two major sales pillars for the brand, catering to home commuter and urban-rural travel needs; the Qin family followed closely with a stable performance of 28,360 units. The Han and Tang series maintained a volume in the six-thousand range, deeply cultivating the mid-to-large home sedan and SUV niche markets; the brand new model Xia is in the market cultivation phase, delivering 1,810 units monthly, with potential for steady volume growth as channels expand.
The Ocean Network's growth momentum is even more rapid, with 5 models entering the 20,000 club across the series: Sealion 42,615 units, Seal 34,117 units, Seagull 39,919 units, Dolphin 22,260 units, and Song PLUS 27,755 units. Among them, Seagull remains the best-selling entry-level commuter model thanks to its affordable pricing of 60,000-80,000. Sealion, as a new volume model, stands firm at the 40,000 level upon launch, filling the mid-size SUV product gap in the Ocean Network and perfecting the Ocean product tier layout. From commuter small cars to compact SUVs, the two main brands rely on DM-i hybrid and pure electric dual-line technologies to牢牢锁住 the mainstream home market share within 150,000 domestically.
Fang Cheng Bao Year-on-Year Surges 139.7%, Brand Upward Positioning Takes EffectThe high-end matrix of Denza, Fang Cheng Bao, and Yangwang sold a combined 46,489 vehicles in May, officially breaking away from the niche positioning to become a new pivot for BYD's brand premium and profit growth, breaking the industry curse of difficulty in high-end breakthrough for domestic brands.
The off-road brand Fang Cheng Bao sold 30,186 units monthly, surging 139.7% year-on-year, creating a new high in monthly sales since the brand launched. Its Titanium 7 model sold 18,280 units monthly, while Leopard 5 and Leopard 8 output remained stable, continuously squeezing the survival space for joint venture and imported models in the 250,000-400,000 hardcore off-road niche market.
Denza delivered 16,303 units in May, with the MPV benchmark D9 selling 6,721 units, and the Z9 series close to 6,000 units. MPV and mid-to-large sedan dual-line efforts helped them stand firm in the luxury new energy track; the million-level ultra-luxury brand Yangwang continued its steady climb, delivering 286 units that month, a year-on-year increase of 105.8%, completing market verification of the domestic brand ceiling product and forming a full price range product layout from 100,000+ home, 300,000-400,000 off-road, 500,000 luxury MPV to million-level flagship.
In May, BYD's overseas sales of passenger cars and pickup trucks reached 160,177 units, surging 80.7% year-on-year. Exports accounted for over 42% of the full series total sales, setting a new historical high for brand export and becoming the core driving force to stabilize May overall sales and achieve year-on-year positive growth.
Southeast Asia, Europe, and Latin America became the main incremental markets. Seagull, Song PLUS, and Yuan series continued to top new energy best-seller lists in multiple countries; the SHARK pickup truck exceeded 4,000 units in monthly exports for two consecutive months. Relying on the completion of localization production in Thailand, Brazil, Hungary, and Uzbekistan with four overseas vehicle factories, localized production continues to land, avoiding tariffs while rapidly penetrating terminal channels. Against the background of stock market competition in the domestic auto industry and normalized price wars, the rapidly expanding overseas market effectively counteracts sales volatility brought by domestic model iterations, officially upgrading from a supplementary market to BYD's core growth engine. As of now, BYD's global cumulative new energy vehicle sales have exceeded 16.5 million units, with the globalization map continuously broadening.
Intelligent Driving Empowers Product Iteration, H2 New Products Prepare to Surge VolumeMay marked a key node in BYD's intelligent driving landing, with the God's Eye intelligent driving system becoming a core bonus point for models: the number of vehicles with advanced intelligent driving across all brands exceeded 3.15 million, with daily road test data exceeding 200 million kilometers; that month, BYD implemented City Pilot and Smart Parking dual safety backup services, becoming the world's first auto manufacturer to achieve dual intelligent driving backups. Three days after policy implementation, the activation rate of models equipped with the God's Eye system in cities surged 50%. Intelligent driving experience upgrades directly drove in-store order conversion, solidifying product competitiveness for subsequent models to continue volume sales, and facing the intelligent driving market shock brought by FSD entering China.
From data details, BYD's cumulative sales from January to May 2026 were 1,405,039 units, down 20.32% year-on-year. The core reason is that the full series of main models were concentratedly iterated, and the capacity ramp-up of the 2nd Gen Fast Charge Blade Battery was restricted. The new Flash Charge Battery upgraded fast charging and low-temperature performance. Full series iteration models prioritized installing new batteries, but production line retrofitting dragged down capacity release. Order backlogs on popular models and delayed deliveries compressed the May delivery volume to a certain extent.
As the end of the second quarter approaches and the 2nd Gen Blade Battery capacity continues to release, coupled with new models such as Denza N8L, Fang Cheng Bao Titanium 7 Pure Electric Version, Sealion 05, and Xia L landing the market, the industry generally predicts that BYD's full brand sales in June are expected to exceed 400,000 vehicles. Relying on the four-dimension development logic of low-end volume locking share, high-end raising profit, overseas pushing volume, and intelligence improving product power, amidst the intensified new energy elimination round in the domestic market, BYD's full category layout advantage continues to amplify, securing its status as the domestic new energy leader, accelerating steadily towards global top auto manufacturers.
車型概覽
比亞迪Atto 2 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。 呢篇會集中講預算、月供同同級定位，幫你用買家角度篩走唔適合嘅選擇。 近期市場討論到「BYD ATTO 2登陸香港！15.5萬起有交易，刀片電池夠晒安全」，代表呢類車型仍然有一定關注度。
零售價 HK$ 155,000、完稅價 HK$ 228,300 令預算位置更清楚，買家可以先估算月供、保險、泊車同日常開支。
購車價格指南
比亞迪Atto 2 嘅購車預算可以先由 零售價 HK$ 155,000、完稅價 HK$ 228,300 開始計。香港買車唔只係睇車價，月供、保險、牌費、泊車同能源成本都會影響每月壓力。
如果有幾個版本可揀，可以先將 2025 410km 高級版（HK$ 228,300） 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 比亞迪Atto 2 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。
51.13 kWh 嘅電池容量，真正意義係可以幫你估算一星期通勤同周末出車要唔要中途補電。 130 kW、290 N·m 嘅輸出，令高速併線同短距離超車更有信心。 車長 4310 mm、車闊 1830 mm、車高 1675 mm、軸距 2620 mm 可以幫你預判商場停車場、屋苑車位同後排腿部空間。 固定齒比、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
比亞迪Atto 2 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：預算位置清楚，方便同同級車直接比較、電池同續航資訊有助安排通勤同補電、動力輸出對高速同上斜更有底氣。
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 比亞迪Atto 2 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「比亞迪 Atto 2 香港落地價大約係幾多？」簡單講，比亞迪 Atto 2 香港落地價約200,000–260,000 港元，視版本而定。 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 比亞迪Atto 2 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：先用 零售價 HK$ 155,000、完稅價 HK$ 228,300 鎖定預算圈、再睇動力係咪足夠應付高速併線同滿載、再比較能源成本同補能便利、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 比亞迪Atto 2 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。
車型概覽
BMW X2 值唔值買，關鍵唔係佢外表有幾吸引，而係佢能夠唔能夠解決你嘅實際用車需要。呢篇文章會把重點放喺落訂前最容易忽略嘅問題。
版本方面，BMW X2 現時主要可以 2025 Standard 嚟比較。
購車價格指南
評估 BMW X2 嘅購車預算時，建議你由版本定位同後續養車成本下手。價錢唔係唯一重點，真正決定佢先至係唔係抵嘅係每日有冇用到嗰啲配備。
如果你喺幾個版本之間猶疑，可以把 2025 Standard 放喺同一張清單度比較。日常通勤嘅買家優先睇舒適同安全，經常跑高速嘅買家則更加要重視動力、輔助駕駛同車廂方便。
核心參數彙總
睇 BMW X2 嘅核心規格，最重要係將數字轉化做生活上嘅感受。
BMW X2 嘅核心價值應回歸日常場景判斷：你要佢負責通勤、家庭出行、長途，定係作為更有個性嘅選擇。
優缺點分析
BMW X2 嘅優點唔使誇張，真正有價值嘅係佢能夠唔能夠令日常使用更安心：車型定位清晰，適合先作為同級比較對象。
要注意嘅係，最終取捨會落在版本配備、保險同長期保養成本。這些唔係扣分位，而係落訂前應該諗清楚嘅生活細節。
購車常見問題解答
購買 BMW X2 前，買家最常見嘅問題唔係單一規格，而係佢能夠唔能夠融入佢哋嘅生活。
呢部車適合邊個？適合將落訂前最容易忽略嘅問題放喺首位嘅買家。家庭用戶要睇啲咩？優先睇後排乘坐、兒童座椅、行李同日常上下車有冇順手。每日開有無麻煩？如果能源成本、泊車方便同版本配備都符合你嘅生活節奏，佢會比較容易相處。
競爭產品比較內容
將 BMW X2 放喺同級車名單時，唔建議淨係睇品牌或外形。真正有用嘅比較順序係：由版本定位、品牌售後同日常用途開始比較。
咁樣篩選出嚟嘅結果更貼近日常生活。你會更清楚佢係適合城市通勤、家庭代步、長途巡航，定係更適合作為追求個性嘅選擇。
用車全週期指南
擁有 BMW X2 嘅重點，係確認保險、路稅、保養同輪胎成本喺可接受範圍內。買車唔係一次過付款完結，而係日日都要相處。
如果你經常長途駕駛，動力同座艙舒適度會比單純低價更重要；如果主要喺市區，泊車靈活性、視野同低速順滑度會更影響心情。
車型概覽
比亞迪海獅7 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。 呢篇會集中講花出去嘅錢係咪換到每日都用得着嘅便利，幫你用買家角度篩走唔適合嘅選擇。 近期市場討論到「比亞迪穩居第二 主力SUV撐起半邊天？｜ 2026年5月香港新車登記數走勢分析」，代表呢類車型仍然有一定關注度。
零售價 HK$ 268,000 - 288,000、完稅價 HK$ 345,480 - 475,680 令預算位置更清楚，買家可以先估算月供、保險、泊車同日常開支。
購車價格指南
比亞迪海獅7 嘅購車預算可以先由 零售價 HK$ 268,000 - 288,000、完稅價 HK$ 345,480 - 475,680 開始計。香港買車唔只係睇車價，月供、保險、牌費、泊車同能源成本都會影響每月壓力。
如果有幾個版本可揀，可以先將 2025 567km 後驅長續航高級版（HK$ 438,480）、2025 542km 四驅性能版（HK$ 475,680）、2025 520km 後驅標準版（HK$ 345,480） 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 比亞迪海獅7 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。
82.5/71.8 kWh 嘅電池容量，真正意義係可以幫你估算一星期通勤同周末出車要唔要中途補電。 230/390/170 kW、380/690 N·m 嘅輸出，令高速併線同短距離超車更有信心。 車長 4830 mm、車闊 1925 mm、車高 1620 mm、軸距 2930 mm 可以幫你預判商場停車場、屋苑車位同後排腿部空間。 固定齒比、後置後駆 / 雙電機四駆 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
比亞迪海獅7 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：預算位置清楚，方便同同級車直接比較、電池同續航資訊有助安排通勤同補電、動力輸出對高速同上斜更有底氣。
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 比亞迪海獅7 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「比亞迪 BYD Sealion 7 嘅空間啱唔啱屋企用？」簡單講，非常適合，比亞迪 BYD Sealion 7 擁有好闊落嘅後排同平整嘅地板。 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 比亞迪海獅7 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：先用 零售價 HK$ 268,000 - 288,000、完稅價 HK$ 345,480 - 475,680 鎖定預算圈、再睇動力係咪足夠應付高速併線同滿載、再比較能源成本同補能便利、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 比亞迪海獅7 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。
On June 12, the BJ30 Traveler 150,000 units off the line and High-Light Edition Launch Press Conference, themed "150,000 Loves, High-Light Arriving", was grandly launched at the BAIC Zhuzhou Super Factory. As the model that fastest achieved 150,000 sales in the Chinese light off-road SUV market, the BJ30 Traveler refreshes industry speed again. At the same time, the annual new version -- BJ30 Traveler High-Light Edition officially launched, unlocking new light off-road travel experiences with comprehensively advanced product power. To implement the off-road equality concept, the official released a heavy-weight 30,000 yuan replacement policy for the entire series. The BJ30 Traveler Super Replacement Price starts from 69,900 yuan, the High-Light Edition Super Replacement Price starts from 82,900 yuan, allowing thousands of families to embrace a high-quality travel life that is both city and wild with an affordable threshold.
This press conference was not only a glory ceremony for the BJ30 Traveler 150,000 users' reputation, but also an open witness to the strength of Chinese light off-road SUV manufacturing intelligence. At the event site, Beijing Off-road partnered with CCTV Finance to complete the first online disassembly live stream of the real vehicle with 150,000 km driven. Through transparent, visible solid testing, it fully displayed vehicle durability quality and solid craftsmanship, allowing the market and consumers to intuitively witness the hard strength of Chinese manufacturing intelligence.
150,000 Unit Sales Becomes Legendary, Casting a Benchmark for Chinese Light Off-Road Quality
For 15 years of deep digging in the off-road field, and over 60 years of professional technology accumulation, Beijing Off-road relied on extreme product power and user thinking, allowing the BJ30 Traveler to achieve leapfrog breakthrough, achieving the bright achievement of fastest 150,000 sales in Chinese light off-road SUV. BAIC Group VP and Beijing Off-road Chairman Zhang Guofu stated on site: "The delivery of 150,000 BJ30 Travelers is not only a market speed breakthrough, but also a quality monument built by 150,000 units of user trust. It is both an excellent answer sheet of Chinese HEV technology delivered to the world, and also a firm declaration of Chinese car manufacturing intelligence moving upward."
To quickly gain global 150,000 user recognition, the core stems from the BJ30 Traveler's three hardcore core advantages of "Super Wild, Super Big, Super Saving", redefining the standard for household light off-road SUVs.
At the Super Wild performance level, the BJ30 Traveler is the first HEV hybrid model in China's Box-style SUV category, equipped with the industry-leading Three-Engine Four-Wheel Drive Six-Mode HEV hybrid architecture. The three-engine power system composed of a 41% ultra-high thermal efficiency hybrid dedicated engine and front and rear dual drive motors can precisely adapt to different travel scenarios such as long-distance energy saving, real-time energy replenishment, and instant power burst. With 30-millisecond level intelligent four-wheel drive response and 0.5-second peak torque burst ability, matched with electronic center differential lock, four-wheel electronic limited slip, and intelligent electric ATS all-terrain control system, it can easily conquer complex road conditions such as mud, sand, and steep slopes, balancing urban commute smoothness and outdoor off-road passability.
At the Super Big space level, the new car relies on a 2,820mm ultra-long wheelbase and 66% ultra-high space utilization ratio to create a flexible practical three-row seven-seat layout. With a 1,496-liter super large trunk matching rear seats that can fold pure flat, it can expand to a 1.92-meter super large flat space, turning into a mobile big bed in seconds. The spacious B-class ultra-wide third row can easily accommodate a 1.8-meter adult passenger. The whole car has 38 refined storage locations, fully satisfying diverse needs such as family multiple-person travel, camping travel, and material loading, achieving calm and unhurried all-scene travel.
At the Super Saving experience level, the BJ30 Traveler gains global recognition for its extreme energy saving strength. Car bloggers from five countries -- South Africa, Indonesia, UAE, Poland, and Mexico -- jointly verified actual tests. The vehicle's fuel consumption per 100 km does not exceed 5 liters, and one tank range exceeds 1,000 km. The convenient attribute of not needing to rely on charging piles and driving away after refueling greatly saves energy replenishment time. Matching the first owner whole-vehicle lifetime warranty policy, with no high-voltage battery pack safety hazards, convenient maintenance, and sufficient parts, it brings a long-term travel experience of worry-free, money-saving, and time-saving for users from the three dimensions of time, cost, and safety.
High-Light Edition Comprehensively Advanced, Appearance, Performance, Experience Triple Leap
Relying on 150,000 user reputation accumulation, Beijing Off-road released a heavy-weight annual new version BJ30 Traveler High-Light Edition. On the basis of the original hardcore product, it realizes appearance, performance, and intelligent experience comprehensive upgrades, perfectly adapting to diverse travel needs for all age groups.
High-Light Appearance Reshapes Light Off-Road Aesthetics. The new car continues the classic Box-style hard look, merging exquisite fluid lines. Matching exclusive Five-Gate Star Ring through light group, Star Ring custom wheels, full set of inductive fashion modification kits, and same-color sports bumper, it possesses both aura and fashion identity. Inside, the new exclusive orange interior matches metal texture trim plates. Texture layers are full, taking into account sports vitality and home warmth, adapting to multi-scene style needs such as daily commute, outdoor travel, and business shuttle.
High-Light Performance Realizes Power Comprehensive Strengthening. The High-Light Edition targeted upgrades core hardware, equipped with high-performance AGM dedicated batteries with triple cycle life, and Porsche same-model turbocharging technology. Whole-vehicle charging efficiency is as high as 99%. Rear motor power increases from 55kW to 70kW. In scenarios such as start acceleration, ramp merge, and emergency avoidance, the response is faster and power output is more abundant, bringing a steadier and more agile handling experience, making every travel confident.
High-Light Experience Creates Mobile Comfortable Living Room. The new car brings an open panoramic view thanks to the high body design. At the same time, it is fully equipped with comfort configurations such as seat heating, seat ventilation, and steering wheel heating, adapting to four-season travel. It is equipped with thoughtful configurations such as intelligent raindrop sensing automatic window close and 64-color music rhythm atmosphere lamps. Balancing practicality and atmosphere, it perfectly merges the comfort and leisure of city commute with the freedom and ease of outdoor travel.
CCTV Witness Hardcore Quality, Super Factory Interprets Chinese Manufacturing Intelligence
Real quality fears no strict disassembly inspection. At the press conference site, Beijing Off-road combined with CCTV Finance conducted a whole-process live disassembly of a BJ30 Traveler with 150,000 km driven. 150,000 km mileage is equivalent to nearly 10 years of car use cycle for an ordinary family. The disassembly result fully verifies the model's extreme durability quality: Engine turbo carbon accumulation is extremely low, power output is still full. Gearbox has no oil leak, gears have no wear, power system state is comparable to a new car. Battery pack has no bulging, liquid leak, decay, or quality change issues, long-term use is safe and stable. Chassis subframe, suspension control arms have no rust or oil seepage phenomenon. Overall flatness and neatness are basically the same as a new car. Passive safety protection is always online, fully showing the model's solid material usage and reliable durability strength.
At the same time, the lens went deep into the BAIC Zhuzhou Super Factory, revealing the roots of the BJ30 Traveler's high-quality manufacturing intelligence. The factory welding workshop realizes full-robot automation operation. Glue error does not exceed a hair, building a strong and safe car body skeleton. The 5,000-ton level giant stamping equipment molds car body plates in one time, creating smooth and exquisite car body lines. Fully automatic robot spraying matching eco-friendly water paint greatly reduces harmful volatiles, achieving new car no odor, paint surface sun-resistant and corrosion-resistant. Whole-process strict quality control checkpoints guard the excellent quality of every vehicle from the production source, letting users worry-free about buying cars and peace of mind about using cars.
Heavyweight Benefits Arrive, Multiple Courtesies Pay Tribute to User Love
To repay the trust and support of 150,000 owners and help more consumers unlock light off-road life, Beijing Off-road released a heavy-weight 30,000 yuan super replacement policy, which both new purchase and replacement users can enjoy. At the same time, adding five layers of exclusive limited-time courtesies, sincerity full: Warranty gift gifts value 6,000 yuan first owner non-business owner whole-vehicle lifetime warranty; Finance gift provides 0 down payment and other diverse finance schemes, lowering car buying threshold; Calling friends gift supports old customer referrals, up to top can get 800 yuan JD card; Upgrade gift enjoys whole-series lifetime OTA free upgrade; Traffic gift gifts basic traffic lifetime free, entertainment traffic 2 years unlimited free use.
Coinciding with the World Cup event node, the brand synchronously started the "Passionate World Cup, High-Light Win Grand Prize" limited-time activity. Consumers who buy cars at any authorized store nationwide can participate in event guessing. Accurately hitting the World Cup champion and final score, they can additionally enjoy a 50,000 yuan car buying subsidy. Ultra-high benefits sincerity return to the market.
From the glory coronation of the 150,000 unit sales milestone, to the comprehensive renewal of the High-Light Edition model, to the public and transparent quality witness, the BJ30 Traveler breaks the homogenization deadlock of light off-road SUVs with strength, truly realizing "City and Wild, All-round Capable". In the future, Beijing Off-road will continue to deep-dig the civil off-road track, persisting the off-road equality concept. With higher quality, better experience, and more approachable products, it will accompany thousands of users to rush towards mountain and sea love, unlocking every travel high-light journey.
When a car slowly drives towards the delivery stage, what people see might be an ordinary new car delivery; but when this car becomes the first hundred millionth vehicle in the development history of China's automotive industry, the meaning it carries far exceeds the product itself.
On May 28, SAIC Motor Group's "Global First Hundred Millionth User Delivery Ceremony" was held at the World Living Room at North Bund in Shanghai. With the completion of delivery to the world's first hundred millionth user, SAIC Motor Group has become the first automotive group in China to surpass 100 million cumulative production and sales. This is not only an important milestone in the company's development history, but also writes a new chapter for China's automotive industry.
100 million vehicles, is a number, and also a history of industrial growth spanning over seven decades. Looking back at the development history of China's automotive industry, SAIC has always been an important participant and witness. In 1955, the Shanghai Internal Combustion Engine Parts Manufacturing Company was established; in 1958, the "Phoenix" sedan was born, achieving an important breakthrough in Shanghai's sedan manufacturing field. From initial exploration and start-up, to the opening of the joint cooperation era, to the growth of independent brands and new energy transformation, SAIC's development trajectory is closely intertwined with the development context of China's automotive industry.
In 1983, the Santana rolled off the line, promoting the modernization process of China's automotive industry; in 1997, Shanghai GM was established, creating industry attention with "Shanghai Speed"; in 2006, the Roewe brand was born, opening a new stage for independent brand development; in 2016, the Internet car Roewe RX5 was launched; in 2020, IM Motors was established, further layout of the smart electric vehicle track.
In the constantly changing market environment, SAIC has always promoted technological innovation and product upgrades around the concept of "Understanding cars better, understanding you better". From localization system construction to Internet car exploration; from fully-by-wire chassis, solid-state and semi-solid-state battery R&D, to AI large models and intelligent driving technology applications, every technological iteration has become an important support for its stride to a new stage.
At this delivery ceremony, the highly anticipated first hundred millionth delivery model is the IM LS9 Hyper.
As an important manifestation of the phase results of SAIC's technology system, the IM LS9 Hyper is equipped with fully-by-wire four-wheel steering technology, 520-line ultra-vision LiDAR, and NVIDIA Thor chip, and adopts a global 800V high-voltage platform and Star Super Extended Range technology. At the same time, the new car is the first to be equipped with the SAIC Gold Label Hurricane Three-Motor, and jointly with Zijinshan Laboratory to first release "Intrinsic Safety" technology, further extending safety capabilities to the information and system levels.
It is worth noting that the world's first hundred millionth user is Momenta CEO Cao Xudong. As an important partner representative of SAIC's intelligent driving ecosystem, his conversion from partner to user identity also became a major highlight of this delivery ceremony. Both sides continue to carry out technical co-creation in the field of intelligent driving, and relevant results have been applied to multiple independent and joint venture brand models.
If the first hundred millionth vehicle reflects technical accumulation, then the delivery scenarios covering the global market demonstrate the results of SAIC's systematic development.
On the day of the event, more than ten whole vehicle brands under SAIC and nineteen car models participated in the "Global Relay Delivery" simultaneously. From Shangjie Z7, Huajing S, Roewe M7, MG4 semi-solid-state battery version, to Wuling Starlight 560, Maxus eDeliver5, Hongyan Heavy Truck, Yujin Dana T1, Sunwin Pure Electric Bus, and Iveco Juxing EV, different brands and products covered diverse scenarios such as personal travel, family cars, commercial logistics, and public transportation.
Meanwhile, models such as VW ID. ERA 9X, AUDI E7X, and Buick Zhijing E7 also made a joint appearance, showcasing the latest results of SAIC promoting technical synergy and product innovation in the "Joint Venture 2.0" stage.
Starting from the Shanghai main venue, the delivery scenes were successively presented in domestic cities such as Nanjing, Liuzhou, Taiyuan, as well as overseas areas such as the UK, Indonesia, and Singapore. This delivery activity spanning regions and time zones not only connected global users but also reflected the layout results of SAIC continuing to promote international development.
After years of development, SAIC has formed a global system covering R&D, manufacturing, logistics, sales, and services. Nowadays, its products and services cover over 170 countries and regions, with cumulative overseas sales exceeding 7 million units. Whether it is the layout of R&D and innovation centers, or the construction of production manufacturing and distribution service networks, all provide strong support for its global development.
In fact, the value behind 100 million vehicles is not only reflected in scale.
For the automotive industry, every vehicle corresponds to a real user, a life story, and a travel experience. From family users to corporate clients, from public welfare workers to logistics practitioners, users of different identities together constitute the vivid picture behind this "100 million vehicles".
And at the event scene, "users" also became the true protagonists. Whether they are pioneer users experiencing new technologies for the first time or ordinary consumers who have long followed the brand development, they jointly witnessed this historic moment, and gave the "100 million vehicles" a meaning with more warmth.
Standing at a new node looking back, SAIC completed a growth journey from chasing to running alongside, and then to participating in leading over seven decades; facing the future, 100 million vehicles is more like a new starting line.
Summary: Coming from the traditional automotive era, against the background of new energy, intelligence, and globalization accelerating continuously, China's automotive industry is welcoming a new competitive landscape. For SAIC which has already entered the "Hundred Million Era", how to continue promoting technological innovation, deepening global layout, and meeting users' constantly upgrading needs may become an important topic for the next stage.
From the starting exploration in 1955 to welcoming the world's first hundred millionth user in 2026; from the first car rolling off the production line to cumulative production and sales exceeding 100 million vehicles, this report records the development journey of an enterprise and also reflects the constant forward steps of China's automotive industry. So, standing on the new starting point, what story will SAIC Motor Group write in the next chapter?
港交所網站掛出一咗一份熟悉嘅招股書。
5 月 28 日，繼去年 10 月首次遞表失效後，智能駕駛解決方案提供商蘇州天瞳威視電子科技股份有限公司（天瞳威視）再次向港股主板發起重衝，由匯豐及華泰國際聯席保薦。
喺智能駕駛賽道從「講故事」轉向「拼量產」嘅 2026 年，天瞳威視嘅二次遞表唔單止係一次資本試探，更係一場關於中國智駕供應商生存現狀嘅集中檢閱。
呢間被認為係「算力效率派」代表嘅公司，一邊連住從采埃孚到上汽、北汽嘅豪華產業資本陣營，一邊卻面臨住現金流緊繃、海外明顯回落嘅現實困境。喺呢場 IPO 嘅博弈中，光鮮同陣痛並存。
01
邊個係「天瞳威視」？
天瞳威視嘅創辦人王曦係一位典型嘅「回國」技術派。佢畢業於北京航空航天大學，後喺英國雷丁大學攻讀計算機科學博士學位。
喺決定創業之前，王曦曾經喺汽車零部件供應商天合汽車（TRW）及采埃孚擔任算法工程師同技術負責人，深度參與咗早期 ADAS 系統嘅開發。
2016 年，王曦捕捉到國內汽車智能化嘅風口，回國喺蘇州創立咗天瞳威視，定位係「以軟件算法驅動智能駕駛」嘅本土解決方案提供商。
公司嘅名字「天瞳」寓意「天之眼」，意在打造車輛感知萬物嘅視覺中樞。佢從最初嘅視覺感知算法起步，逐步擴展至行泊一體域控制器、L4 級自動駕駛系統等軟硬件結合嘅整體方案。
天瞳威視融資情況。資料來源：企查查
成立後不久，天瞳威視就獲得德聯資本、盛世投資嘅天使輪融資。此後十年時間，天瞳威視累計完成咗超過 10 輪融資，融資總額近 10 億元。
從招股書披露嘅股權結構嚟睇，天瞳威視構建咗深度綁定嘅「產業 + 資本」生態圈。
一方面，產業夥伴站台，全球汽車零部件巨頭采埃孚唔單止係其 C 輪領投方，亦係其戰略合作夥伴，持有天瞳威視 6.93% 嘅股份，位列第四大股東；國內方面，上汽集團通過上汽北美產投持股，北汽集團通過北汽產投佈局其中，地平線同商湯科技亦係戰略投資者。
另一方面，地方國資護航，唐山機器人基金、吳中金控等國資背景基金喺 D 輪及 D+ 輪入場，提供咗約 5.23 億元嘅資金支持。
截至最後實際可行日期股權架構
截至目前，王曦透過直接持股同員工持股平台合共控制公司約 40.84% 嘅權益，依然保持住對公司嘅控制權。
02
「兩條腿」行路
天瞳威視喺業務佈局上採取咗「雙軌並行」嘅策略。
喺 L2-L2+ 級輔助駕駛領域，天瞳威視嘅選擇非常務實。佢並冇盲目追逐算力堆疊嘅「軍備競賽」，而係走咗一條高性價比路線。
作為典型嘅視覺派智駕供應商，佢喺 L2 量產方案上以視覺感知為主，融合毫米波雷達同超聲波雷達，能夠喺較低算力平台上實現高級功能。例如，基於地平線 J6B 芯片（約 20TOPS）嘅方案即可支持行泊一體、高速 NOA。
呢種打法擊中咗 10 萬 -20 萬級主流車款對成本敏感嘅痛點。根據灼識諮詢嘅數據，按 2024 年裝機量計，天瞳威視係中國第二大同時提供行車同泊車解決方案嘅以軟件為核心嘅 L2-L2+ 級方案提供商，市場份額為 14.3%。
2024 年中國具備行泊一體能力嘅以軟件為核心供應商格局
截至最後實際可行日期，天瞳威視獲得 23 個汽車品牌嘅 198 款車款嘅 L2-L2+ 級解決方案定點函，並實現 6 個汽車品牌嘅 105 款車款嘅量產；獲得定點函嘅 198 款車款中有 87 款覆蓋海外市場，其中 59 款已實現量產。
但值得注意嘅係，L2-L2+ 市場正在經歷劇烈嘅「紅海化」。
一方面，經緯恆潤、福瑞泰克等本土 Tier1 正在加速追趕；另一方面，部分頭部車廠開始將低階智駕方案從外購轉為內部集成。
天瞳威視能否維持佢喺「性價比方案」領域嘅領先地位，取決於佢能否持續保持算法對低算力平台嘅優化能力，而這需要喺研發投入上持續加碼。
喺高級 L4 級自動駕駛領域，天瞳威視更多扮演「先鋒」角色。這亦係佢近兩年增長最快嘅板塊。
早在 2019 年，佢就參與咗上海洋山港嘅 5G 智能重卡項目。目前佢嘅 L4 方案覆蓋 Robobus、Robotaxi 同 Robotruck。其中，Robobus 係佢最具代表性嘅產品線，已喺蘇州、天津等城市嘅公開道路投入常態化試營運。
2025 年，天瞳威視從 L4 級解決方案產生收入 3.75 億元，佔公司總收入嘅 68% 以上，大部分收入來自 L4 級軟件解決方案。
然而，硬幣嘅另一面係商業化嘅曲折。雖然 L4 業務營收暴增，但佢嘅交付形態目前以「軟硬件一體解決方案」為主，呢種模式本質上接近「項目制交付」或「小規模車隊部署」，與 L2 業務中「純軟件授權 + 白盒交付」嘅高毛利、大規模複製邏輯存在顯著差異。
呢就直接導致 L4 業務毛利率嘅大幅波動：喺部分自研硬件佔比较高嘅項目中，毛利率一度低至 15%。
截至遞表日，公司雖手握超 10 億元嘅 L4 意向訂單，涵蓋 2500 架車，但呢啲訂單預計要喺未來三至五年內先會陸續交付，短期內對現金流嘅改善作用有限。
此外，天瞳威視仲有部分應收來自工程服務，主要涉及道路測試、數據收集支援及數據標註服務以及公司嘅專有工具鏈。
03
財務嘅雙面鏡
招股書嘅財務部分，展現咗智駕行業最真實嘅「B 面」：規模同虧損嘅極限拉扯，同埋賬面現金同營運消耗之間嘅緊張博弈。
營收高增長，但結構劇烈波動。
財務數據顯示，公司嘅營收呈現爆發式增長，從 2022 年嘅 1.72 億元增長至 2024 年嘅 4.83 億元，複合年增長率高達 67.7%。2025 年全年營收進一步增長至 5.5 億元。
但收入結構嘅變化明顯。2023 年，公司依賴 L2-L2+ 業務，佔比 90.2%；去到 2024 年，L4 業務佔比升至 50.2%；2025 年，L4 業務佔比進一步拉高至 68%。呢種「斷崖式」嘅結構切換，雖然證明佢 L4 技術搵到咗落地場景，但亦令市場質疑佢 L2 業務係咪已觸及天花板。
毛利率同純利潤嘅背離，呢係天瞳威視面臨嘅最大挑戰。
從毛利睇，整體毛利率喺 30% 左右徘徊，喺呢個技術密集型嘅智駕行業屬於中等水平。但細拆睇嚟，L2-L2+ 業務嘅毛利率通常能維持喺 40% 以上，純軟件授權模式，而 L4 業務嘅毛利率則因「軟硬件一體」交付中硬件佔比提高而被顯著拉低。
從純利潤睇，雖然表面虧損額較大，2024 年虧損 4.63 億、2025 年虧損約 2 億，呢度包含大量因優先股公平值變動帶來嘅「紙面虧損」。剔除呢個因素後嘅經調整純利潤更能反映公司嘅真實經營狀況：2024 年已收窄至 -438 萬元，但 2025 年並未如市場預期實現轉正，而係錄得約 -1086 萬元，虧損較 2024 年有所擴大。
呢個背後有一個不可回避嘅關鍵前提：調整後嘅「減虧」乃至「接近盈虧平衡」，係喺公司持續壓縮研發投入嘅基礎上實現嘅，研發費用從 2024 年嘅 1.17 億元降至 2025 年嘅 9231 萬元，研發費用率從 2024 年嘅 24.3% 進一步降至 16.8%，而 2022 年呢個數字曾高達 108.7%。對於一家科技公司嚟講，研發強度嘅「退坡」是否會影響未來嘅技術護城河，係一個潛在風險點。
現金流持續告急，最令人擔憂嘅信號。
根據最新招股書，截至 2025 年 12 月 31 日，公司賬上嘅現金及現金等价物為 2.35 億元，較 2025 年 6 月 30 日嘅 3.74 億元淨減少 1.39 億元，現金消耗速度較快。
更值得警惕嘅係經營現金流由正轉負且缺口持續擴大嘅趨勢。2023 年，公司經營活動現金流淨額為正向流入 1.15 億元，但 2024 年迅速轉為淨流出 1.89 億元，2025 年進一步惡化至淨流出 2.93 億元。
與此同時，應收賬款周轉急劇惡化。公司嘅貿易應收款項從 2023 年嘅 0.89 億元升至 2025 年嘅 5.48 億元，三年增長超過五倍，而同期營收增幅僅約 2.7 倍。
更令人擔憂嘅係應收款項周轉天數從 2023 年嘅 191 天同 2024 年嘅 166 天，到 2025 年驟升至 300 天，意味著公司從完成交付到收回款項平均需要接近一年時間。呢相當於變相為客戶提供長期無息墊資，喺資金本就緊張嘅情況下進一步加劇咗流動性壓力。
此外，雖然天瞳威視係首家出海嘅中國智駕軟件供應商，但 2025 年佢嘅海外業務遭遇咗明顯回落。2023 年天瞳威視海外收入為 1.27 億元，佔總營收比重達到 62.2%；到 2025 年海外收入降至 1100 萬元，佔比僅 2.0%。
喺而家全球地緣政治複雜、部分國家對智能汽車數據監管趨嚴嘅背景下，為佢嘅全球化故事增添咗一絲不確定性。
04
結語
天瞳威視嘅二次闖關，係智能駕駛行業進入「淘汰賽」階段嘅一個縮影。
從好嘅方面睇，佢踩準咗 L2 性價比同 L4 場景化落地嘅雙重節奏，且經調整純利潤喺特定口徑下已接近盈虧平衡，呢啲都畀投資者提供咗「有亮點可講」嘅故事線。
但從風險嘅角度睇，情況遠比首次遞表時更為嚴峻。業務重心嘅急速漂移、L4 業務商業化初期嘅盈利磨難、研發投入嘅被動收縮，呢啲此前就已存在嘅問題並未緩解。
天瞳威視 L4 級智能巴士
而真正令此次 IPO 帶「求生」色彩嘅，係現金流數據嘅實質性惡化：2.35 億元嘅賬面現金，面對每年近 3 億元嘅经营性現金淨流出，安全邊際已不足一年。疊加 300 天嘅應收賬款周轉天數，意味著公司每交付一筆訂單，都要墊付近一年嘅資金成本。
換言之，天瞳威視正處喺一個危險嘅財務窗口期：賬上嘅錢僅夠維持唔足一年嘅正常運作，而 L4 業務嘅大規模交付同回款卻需要更長時間。喺呢個智駕資本熱潮退去、一級市場融資邊際收緊嘅時刻，公司已冇太多等待嘅餘地。
首次遞表失效後僅隔半年便再次衝擊港股，對天瞳威視而言，與其話係戰略選擇，唔如話係現金倒逼下嘅必然之舉。
