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In Malaysia's SUV market, many buyers compare Proton X70 and Toyota Corolla Cross 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 doing research.
The OTR price of Proton X70 in Malaysia is RM 106,800 - 122,300, with a total of 3 versions, including 1.5L Standard 2WD (RM 106,800), 1.5L Executive 2WD (RM 115,800), 1.5L Premium 2WD (RM 122,300), etc.
The OTR price of Toyota Corolla Cross in Malaysia is RM 133,800 - 148,800, with a total of 3 versions, including 2026 HEV 1.8L GR Sport (RM 148,800), 2026 HEV 1.8L Standard (RM 140,800), 2026 1.8L Standard (RM 133,800), etc.
Looking at the price, the starting price of Proton X70 is indeed RM 27,000 cheaper than Toyota Corolla Cross. If your budget is limited, Proton's entry-level version can already meet daily needs. But be aware that the cheaper few thousand might involve compromises on features, depending on your needs.
Proton X70 safety rating is 5★ (ASEAN NCAP), active safety systems include ADAS (ACC, AEB, LKA, LDA, BSM, RCTA).
Toyota Corolla Cross safety rating is 5★ (ASEAN NCAP), active safety systems include TSS (PCS, LDA, ACC, LTA).
Both cars have the same safety rating, and safety features are quite comprehensive for this class. New cars nowadays are not lacking in safety, so no need to worry too much about this point.
Proton X70 adopts FWD drive system.
Toyota Corolla Cross adopts FWD drive system.
Both cars have the same drive system, both FWD, there won't be much difference in daily driving experience.
Proton X70 warranty 5 years/150,000km, service interval 10,000km or 6 months.
Toyota Corolla Cross warranty 5 years/unlimited mileage, service interval 10,000km or 6 months.
Overall, Proton X70 and Toyota Corolla Cross are both very good models in the Malaysian market. Which one to choose mainly depends on your personal needs and budget. It is recommended to do your homework, compare quotes from several car dealers, and go for a test drive to make the final decision. Buying a car is a big matter, spending some time doing 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 Proton X50 同 MG MG HS 嚟做比較。呢兩款車喺價位同定位上都蠻接近嘅，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。
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。
MG MG HS 喺馬來西亞嘅 OTR 售價係 RM 130,450 - 146,450，一共有 2 個版本，包括 1.5L Standard（RM 105,000）、1.5L Executive（RM 115,000） 等。
從價錢來看，Proton X50 嘅起步價確實比 MG MG HS 便宜咗 RM 40,650。如果你預算有限，Proton 嘅入門版已經可以滿足日常需求。但都要注意，便宜嗰幾千蚊，可能喺配備上會有取捨，具體要睇你嘅需求。
Proton X50 搭載 1.5L 4-cyl，馬力 105 hp。官方油耗 6.0 L/100km。
MG MG HS 搭載 1.5L Turbo，馬力 140 hp。官方油耗 7.0 L/100km。
動力方面，MG MG HS 嘅 1.5L Turbo 比 Proton X50 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。
Proton X50 車身長 4400 mm，行李箱 400 L。
MG MG HS 車身長 4400 mm，行李箱 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。
Proton X50 同 MG MG HS 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款；如果你更在意性價比同配備，嗰就揀配置更豐富嗰款。始終都係建議兩款都去試駕，親身體驗先係最重要嘅。
總來講，Proton X50 同 MG MG HS 都係馬來西亞市場好唔錯嘅車款。揀邊一輛，關鍵仲係要睇你嘅個人需求同預算。希望大家做好功課，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，花少少時間做功課絕對唔會錯。
[CNMO Tech News] July 23, @Tesla released its Q2 2026 earnings report. Key points are as follows:
The Tesla Cyber Robotaxi Cybercab has started production at the Texas Gigafactory;
Tesla Electric Truck Semi will start mass production this year at the new factory in Nevada as planned;
Battery pack capacity expansion continues to make progress; battery pack capacity is the main limiting factor for recent EV production increases;
The Texas Energy Storage Gigafactory is nearing completion, and plans to start production this year;
More customers choose to subscribe to Tesla driver assistance software when purchasing a vehicle;
Tesla Robotaxi service coverage continues to expand, currently launched in 7 major cities in the US;
After the retirement of Model S and Model X production lines, the Fremont factory begins construction of the Tesla Optimus robot production line, planned to start production later this year.
Regarding the EV business, Tesla delivery volume set new records in multiple markets: South Korea, Australia, Colombia, Japan, Thailand, Portugal, Philippines, Chile, Slovenia, Lithuania, etc.
Regarding energy production and storage, Shanghai Energy Storage Gigafactory output hit a new record, driving EMEA (Europe, Middle East, and Africa) market energy storage installations to a new high; Shanghai Energy Storage Gigafactory continues to ramp up capacity. The new Energy Storage Gigafactory in Texas will start production of the third-generation Megapack and Megablock energy storage systems this year as planned.
Regarding the humanoid robot business, Tesla is installing the first generation Tesla Optimus robot production line at the Fremont factory, expected to start production soon. The first batch of Tesla Optimus robots will be used for our Optimus Academy, to collect training data and further develop new features. Additionally, Tesla continues to advance the site development of the Texas Gigafactory, currently construction work is fully underway.
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 Cross 做比較。呢兩款車喺價位同定位上都好接近，今日我哋就從多個方面做一個詳細嘅對比，幫你省回做功課嘅時間。
Proton X50 喺馬來西亞嘅 OTR 售價係 RM 89,800 - 113,300，合共有 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 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。
由價錢睇，Chery Tiggo Cross 嘅起步價比 Proton X50 平咗 RM 1,050。實話係，喺呢個價位段，幾千塊嘅差距其實唔算大，關鍵始終睇整體性價比同長期使用成本。
Proton X50 搭載 1.5L 4-cyl，馬力 105 hp。官方油耗 6.0 L/100km。
Chery Tiggo Cross 搭載 1.5L 4-cyl，馬力 105 hp。官方油耗 6.0 L/100km。
兩款車用緊同一套動力系統，日常開落去嘅感覺基本冇分別。油耗方面也差唔多，唔使太糾結呢一點。
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 Cross 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 Cross 嘅 Basic 喺功能上有啲差異，如果你比較重視主動安全嘅話，可以仔細對比吓兩者嘅功能列表。
Proton X50 採用 4WD 驅動方式。
Chery Tiggo Cross 採用 FWD 驅動方式。
Proton 嘅 4WD 同 Chery 嘅 FWD 喺操控上會有唔同感覺，建議試駕對比。
總體嚟講，Proton X50 同 Chery Tiggo Cross 都係馬來西亞市場好正嘅車款。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，先至去試駕做最終決定。買車係件大事，花少少時間做功課絕對唔會錯。
In the Malaysian SUV market, many buyers compare Proton X50 and Mazda CX-8 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 Proton X50 in Malaysia is RM 89,800 - 113,300, with a total of 4 versions, including 1.5T Executive (RM 89,800), 1.5T Premium (RM 101,800), 1.5T Flagship (RM 113,300), etc.
The OTR price of Mazda CX-8 in Malaysia is RM 165,360 - 201,360, with a total of 5 versions, including 2025 2.5T 4WD High Plus Petrol (RM 201,360), 2025 2.2L 2WD High Plus Diesel (RM 193,123), 2025 2.5L 2WD High Plus Petrol (RM 186,360), etc.
From a price perspective, the starting price of the Proton X50 is indeed RM 75,560 cheaper than the Mazda CX-8. If your budget is limited, Proton's entry-level version can already meet daily needs. But also note, that few thousand ringgit difference might involve trade-offs in features, it depends on your specific needs.
The safety rating of Proton X50 is 5★ (ASEAN NCAP), active safety systems include ADAS (ACC, AEB, LKA, LDA, BSM, RCTA).
The safety rating of Mazda CX-8 is 5★ (ASEAN NCAP), active safety systems include Brand ADAS.
The safety ratings of both cars are the same, safety features in this class are considered quite comprehensive. New cars nowadays are not lacking in safety, there is no need to worry too much about this.
Proton X50 body length is 4400 mm, trunk 400 L.
Mazda CX-8 body length is 4500 mm, trunk 450 L.
Regarding space, the Mazda CX-8 body is 100 mm longer than the Proton X50, offering more passenger space advantage. However, the Proton X50 is more flexible for parking in the city, each has trade-offs.
Proton X50 uses 4WD drive configuration.
Mazda CX-8 uses FWD drive configuration.
Proton's 4WD and Mazda's FWD will have different handling feels, recommended to test drive and compare.
Overall, both Proton X50 and Mazda CX-8 are very good models in the Malaysian market. Which one to choose mainly depends on your personal needs and budget. We recommend doing your homework, comparing quotes from several car dealers, and then test driving to make a final decision. Buying a car is a big matter, spending some time on research will definitely not be wrong.
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 Mitsubishi Xforce 嚟做比較。呢兩款車喺價位同定位上都好接近，今日我哋就從多個方面做個詳細比較，幫你省返做功課嘅時間。
Perodua Aruz 喺馬來西亞嘅 OTR 售價係 RM 72,900 - 77,900，總共有 2 個版本，包括 1.5L X（RM 72,900）、1.5L AV（RM 77,900）等等。
Mitsubishi Xforce 喺馬來西亞嘅 OTR 售價係 RM 109,930 - 119,930，總共有 2 個版本，包括 2026 1.5L Ultimate（RM 119,930）、2026 1.5L Urban（RM 109,930）等等。
從價錢睇落，Perodua Aruz 嘅起步價真係比 Mitsubishi Xforce 平咗 RM 37,030。如果你預算有限，Perodua 嘅入門版已經可以滿足日常需求。不過都要注意，平嗰幾千蚊，可能喺配備上要有取舍，具體要睇你嘅需求。
Perodua Aruz 嘅安全評級係 5★ (ASEAN NCAP)，主動安全系統包括 。
Mitsubishi Xforce 嘅安全評級係 5★ (ASEAN NCAP)，主動安全系統包括 MI-PILOT。
兩款車嘅安全評級一樣，喺呢個級數入面安全配備都算好齊全。而家嘅新車安全性都唔差，唔使太擔心這一點。
Perodua Aruz 車身長度 4400 mm，後尾箱 400 L。
Mitsubishi Xforce 車身長度 4400 mm，後尾箱 400 L。
兩款車嘅尺寸幾乎一樣，車內空間差別唔大。呢個級數嘅車，日常使用完全足夠。
Perodua Aruz 同 Mitsubishi Xforce 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，嗰就揀配置更豐富嗰款。最終都好建議兩款都去試駕，親身體驗先至係最重要。
總體嚟講，Perodua Aruz 同 Mitsubishi Xforce 都係馬來西亞市場幾唔錯嘅車型。揀邊一輛，關鍵都好係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，再去試駕做最終決定。買車係件大事情，花少少時間做功課絕對唔會錯。
In the Malaysian SUV market, many buyers compare Perodua Aruz and Chery Tiggo Cross when choosing a car. These two cars are quite similar in price and positioning. Today we will make a detailed comparison from multiple aspects to help you save time doing research.
Perodua Aruz OTR price in Malaysia is RM 72,900 - 77,900, there are 2 versions in total, including 1.5L X (RM 72,900), 1.5L AV (RM 77,900), etc.
Chery Tiggo Cross OTR price in Malaysia is RM 88,750 - 99,750, there are 2 versions in total, including 2025 HEV 1.5L CSH (RM 99,750), 2025 1.5T Standard (RM 88,750), etc.
In terms of price, Perodua Aruz's starting price is indeed RM 15,850 cheaper than Chery Tiggo Cross. If your budget is limited, Perodua's entry-level version can already meet daily needs. But also note, the few thousand cheaper, there may be trade-offs in features, it depends on your specific needs.
Perodua Aruz uses FWD drive mode.
Chery Tiggo Cross uses FWD drive mode.
The drive mode of both cars is the same, both are FWD, there will not be a big difference in daily driving experience.
Perodua Aruz Warranty 5 years/150,000km, Service Interval every 10,000km or 6 months.
Chery Tiggo Cross Warranty 3 years/100,000km, Service Interval every 10,000km or 6 months.
Perodua Aruz and Chery Tiggo Cross are both mainstream choices in the Malaysian market, suitable for family use and daily commute. If you value brand reputation and resale price more, you can prioritize the one with better reputation; if you care more about value for money and features, then choose the one with richer configuration. Ultimately it is recommended to test drive both models, personal experience is the most important.
Overall, Perodua Aruz and Chery Tiggo Cross are both very good car models in the Malaysian market. Which one to choose depends mainly on your personal needs and budget. It is recommended that everyone do their research, compare quotes from several dealerships, and then go for a test drive to make the final decision. Buying a car is a major matter, spending some time doing research will definitely not be wrong.
喺馬來西亞嘅 SUV 市場，好多買家喺揀車嘅時候都會將 Perodua Aruz 同 Mazda CX-5 嚟比較。這兩款車喺價錢同定位上都幾接近，今日我哋就從多個方面做一個詳細比較，幫你省返做功課嘅時間。
Perodua Aruz 喺馬來西亞嘅 OTR 售價係 RM 72,900 - 77,900，合共有 2 個版本，包括 1.5L X（RM 72,900）、1.5L AV（RM 77,900）等。
Mazda CX-5 喺馬來西亞嘅 OTR 售價係 RM 135,469 - 166,760，合共有 3 個版本，包括 2025 2.0L AT 35th Anniversary（RM 316,154）、2025 2.0L AT（RM 296,154）、2025 2.0L MT（RM 294,154）等。
從價錢睇，Perodua Aruz 嘅起價確實比 Mazda CX-5 平咗 RM 62,569。如果你預算唔多，Perodua 嘅入門版已經可以满足日常需要。但都要注意，平嗰幾千蚊，喺配備上面要有取捨，具體要看你嘅需要。
Perodua Aruz 配備 1.5L 4-cyl，馬力 105 hp。官方油耗 6.0 L/100km。
Mazda CX-5 配備 1.5L Turbo，馬力 140 hp。官方油耗 7.0 L/100km。
動力方面，Mazda CX-5 嘅 1.5L Turbo 比 Perodua Aruz 嘅 1.5L 4-cyl 多咗 35 匹馬力。不過日常喺市區行，兩款車嘅動力都夠用，唔會覺得唔夠力。
Perodua Aruz 嘅安全評級係 5★ (ASEAN NCAP)，主動安全系統包括 。
Mazda CX-5 嘅安全評級係 5★ (ASEAN NCAP)，主動安全系統包括 。
兩款車嘅安全評級一樣，喺呢個級數入面安全配備都算係好齊全。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。
Mazda CX-5 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。
Perodua Aruz 同 Mazda CX-5 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，可以優先考慮口碑好嗰款；如果你更在意性價比同配備，就揀配備更豐富嗰款。最後都建議兩款都去試駕，親身體驗先至最重要。
總括嚟講，Perodua Aruz 同 Mazda CX-5 都係馬來西亞市場幾唔錯嘅車款。揀邊一輛，關鍵都係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拿 Volvo XC90 PHEV 同 Audi Q7 嚟做比較。呢兩款車喺價位同定位上都幾接近嘅，今日我哋就從多個方面做一個詳細嘅對比，幫你省返做功課嘅時間。
Volvo XC90 PHEV 喺馬來西亞嘅 OTR 售價係 RM 434,888 - 434,888，一共有 2 個版本，包括 2025 2.0T 77km Ultra（RM 434,888）、Volvo XC90 PHEV 邊啲安全配備？（RM 362,888）等。
Audi Q7 喺馬來西亞嘅 OTR 售價係 RM 462,222 - 462,222，一共有 1 個版本，包括 Standard（RM 462,222）等。
由價錢睇，Volvo XC90 PHEV 嘅起步價確係比 Audi Q7 平咗 RM 27,334。如果你預算有限，Volvo 嘅入門版已經可以滿足日常需要。但都要留意，平嘅嗰幾千塊，可能喺配備上會有取舍，具體要看你嘅需求。
Volvo XC90 PHEV 配備 Hybrid，馬力 170 hp。官方油耗 4.5 L/100km。
Audi Q7 配備 3.0L Turbo，馬力 350 hp。官方油耗 12.0 L/100km。
動力方面，Audi Q7 嘅 3.0L Turbo 比 Volvo XC90 PHEV 嘅 Hybrid 多咗 180 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。
Volvo XC90 PHEV 嘅安全評級係 5★ (Euro NCAP)，主動安全系統包括 Premium ADAS。
Audi Q7 嘅安全評級係 5★ (Euro NCAP)，主動安全系統包括 Premium ADAS。
兩款車嘅安全評級一樣，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幾好，唔使太擔心呢一點。
Volvo XC90 PHEV 保修 5 年/無限里程，保養間隔 每 10,000km 或 6 個月。
Audi Q7 保修 5 年/150,000km，保養間隔 每 10,000km 或 6 個月。
總體嚟講，Volvo XC90 PHEV 同 Audi Q7 都係馬來西亞市場好唔錯嘅車型。揀邊一輛，關鍵都係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，先至去試駕做最終決定。買車係一件大事，花少少時間做功課絕對唔會錯。
喺馬來西亞嘅 MPV 市場，好多人買車嗰陣都會拿 Perodua Alza 同 Toyota Veloz 嚟比較。呢兩款車喺價位同定位上都幾接近，而家我哋就由多個方面嚟一個詳細嘅比較，幫你節省做功課嘅時間。
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） 等等。
從價錢嚟睇，Perodua Alza 嘅起步價確實比 Toyota Veloz 便宜咗 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。但都要注意，便宜嗰幾千蚊，可能喺配備上要有取舍，具體就要睇你嘅需求。
Perodua Alza 嘅安全評級係 5★ (ASEAN NCAP)，主動安全系統包括 ASA 3.0。
Toyota Veloz 嘅安全評級係 5★ (ASEAN NCAP)，主動安全系統包括 Brand ADAS。
兩款車嘅安全評級一樣，喺呢個級別裡面安全配備都算給得好齊全。而家嘅新車安全性都不差，唔使太擔心呢一點。
Perodua Alza 車身長 4450 mm，后备箱 550 L。
Toyota Veloz 車身長 4450 mm，后备箱 550 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。
Perodua Alza 保修 5 年/150,000km，保養間隔 每 10,000km 或 6 個月。
Toyota Veloz 保修 5 年/無限制里程，保養間隔 每 10,000km 或 6 個月。
總而言之，Perodua Alza 同 Toyota Veloz 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，先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無錯。
喺馬來西亞嘅汽車市場，好多買家喺揀車嗰陣都會拎 Perodua Aruz 同 Mazda CX-3 嚟做比較。今日我哋由多個方面做一個詳細嘅比較，幫你省返做功課嘅時間。
Perodua Aruz 喺馬來西亞嘅 OTR 售價係 RM 72,900 - 77,900，總共有 2 個版本，包括 1.5L X（RM 72,900）、1.5L AV（RM 77,900） 等。
Mazda CX-3 喺馬來西亞嘅 OTR 售價係 RM 126,159 - 139,159，總共有 2 個版本，包括 2023 2.0L High（RM 139,159）、2023 2.0L Plus（RM 126,159） 等。
從價錢睇落去，Perodua Aruz 嘅入場價確實比 Mazda CX-3 平咗 RM 53,259。如果你預算唔多，Perodua 嘅入門版已經可以滿足日常需要。但都要注意，平嗰幾千蚊，可能在配備上有取捨，具體要睇你嘅需要。
Perodua Aruz 配備 1.5L 4-cyl，馬力 105 hp。官方油耗 6.0 L/100km。
Mazda CX-3 配備 1.5L Turbo，馬力 140 hp。官方油耗 7.0 L/100km。
動力方面，Mazda CX-3 嘅 1.5L Turbo 比 Perodua Aruz 嘅 1.5L 4-cyl 多咗 35 匹馬力。不過日常喺市區開嘅話，兩款車嘅動力都夠用，唔會覺得唔夠力。
Perodua Aruz 嘅安全評級係 5★ (ASEAN NCAP)，主動安全系統包括 。
Mazda CX-3 嘅安全評級係 5★ (ASEAN NCAP)，主動安全系統包括 i-Activsense。
兩款車嘅安全評級一樣，喺呢個級距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。
Mazda CX-3 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。
總嚟講，Perodua Aruz 同 Mazda CX-3 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要同預算。建議大家做好功課，多比較幾間車行嘅報價，先去做試駕做最終決定。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，好多車客喺揀車嗰陣都會拿奇瑞 Tiggo 7 Pro 同 長城 哈弗 H6 嚟比較。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。
奇瑞 Tiggo 7 Pro 喺馬來西亞嘅 OTR 售價係 RM 123,750 - 123,750，一共有 2 個版本，包括 1.6L Turbo Standard（RM 125,000）、1.6L Turbo Premium（RM 140,000）等。
長城 哈弗 H6 喺馬來西亞嘅 OTR 售價係 RM 139,750 - 139,750，一共有 2 個版本，包括 1.5L Turbo Standard（RM 140,000）、1.5L Turbo Premium（RM 155,000）等。
由價錢嚟睇，奇瑞 Tiggo 7 Pro 嘅起步價的確比 長城 哈弗 H6 平咗 RM 16,000。如果你預算有限，奇瑞嘅入門版已經可以滿足日常需求。但都需要注意，平嗰幾千蚊，可能喺配備上有取捨，具體就要睇你嘅需求。
奇瑞 Tiggo 7 Pro 搭載 1.5L Turbo，馬力 140 hp。官方油耗 7.0 L/100km。
長城 哈弗 H6 搭載 Hybrid，馬力 170 hp。官方油耗 4.5 L/100km。
動力方面，長城 哈弗 H6 嘅 Hybrid 比奇瑞 Tiggo 7 Pro 嘅 1.5L Turbo 多咗 30 匹馬力。不過日常喺市區開嘅話，兩款車嘅動力都夠用，唔會覺得唔夠力。
奇瑞 Tiggo 7 Pro 車身長 4400 mm，尾箱 400 L。
長城 哈弗 H6 車身長 4400 mm，尾箱 400 L。
兩款車嘅尺寸差唔多，車內空間分別唔大。呢個級別嘅車，日常使用完全夠用。
奇瑞 Tiggo 7 Pro 採用 FWD 驅動方式。
長城 哈弗 H6 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。
總括嚟講，奇瑞 Tiggo 7 Pro 同 長城 哈弗 H6 都係馬來西亞市場幾唔錯嘅車款。揀邊一輛，關鍵仲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，再嚟試駕先做最終決定。買車係件大事，花少少時間做功課絕對無錯。
作者 | 郭月
编辑 | 志豪
9大新势力月销超3万台。
车东西7月1日消息，就在今天，14家车企交出6月销量成绩单。划分阵营来看，新势力阵营（含生态联盟）整体增长强劲，共有9家新势力月交付量突破3万台，其中零跑、鸿蒙智行、蔚来集团位列前三，分别交付新车9.34万台、5.06万台和4.06万台。
具体来看，零跑6月销量同比暴涨95%，突破9万台大关，刷新单月交付纪录；鸿蒙智行月交付超5万台，环比增长10%，创年内新高；蔚来集团月交付量同比增长超六成，交付4.06万台，同样创下年内新高。
同比销量增长较大的还有极氪，6月交付3.52万台同比翻番，小鹏则成为当月新势力中环比增速最快的车企之一，交付4.01万台，环比增长25%，同比增长16%。
值得注意的是，这些高增长品牌的共性并非仅有爆款车型——海外市场拓展已成为它们销量攀升的重要引擎。
与此同时，理想、昊铂埃安、深蓝、小米这4家新势力月交付量也超过3万台，整体格局稳中有变。
传统车企方面，比亚迪6月销量直接飙至40万辆，同、环比增长5%，这里面出口销量达到17.49万辆创新高。
奇瑞集团6月销量为25.66万辆，其中奇瑞出口销量为19.11万辆，再创中国汽车纪录，比亚迪奇瑞在出口销量方面追得很紧。吉利6月销量达到24.08万辆，同、环比变化不大，海外出口销量超10.2万辆再创新高。
▲国内主要车企及生态联盟2026年6月及上半年销量梳理
总的来说，国内主要车企2026年6月整体销量向好。而从上半年维度上看， 这14家车企及生态联盟上半年累计销售新车超660万台，其中零跑、蔚来集团、极氪上半年累计销量同比增长超6成。
而随着下半年多款重磅车型开启交付，车市竞争将进一步升级，走向更加激烈的全新阶段。
01.
2家翻番、4家涨超4成
出海成为关键引擎
11家新势力车企及生态联盟6月月销战报出炉。
较去年同期对比来看，4家新造车6月销量增速显著，同比增长超过4成，他们分别是零跑（95%）、蔚来集团（63%）、极氪（111%）、岚图（41%）。
这其中，极氪6月交付量同比增速处于这11家新势力品牌及生态联盟之首，交付3.52万辆，同比增长111%，环比增长2%，连续5个月实现同环比双增长，今年上半年共交付17.84万辆，同比增长97%。
整体来看，极氪6月销量跃升得益于其高端车型热销、新车型产能释放、全球化渠道扩张等多重因素。
具体来看，豪华旗舰方面，极氪9系表现尤为亮眼，累计交付近15万辆，其中焕新极氪009上市仅两月便蝉联40万以上纯电MPV销冠。
猎装赛道，极氪新车也在持续贡献增量，极氪科技集团副总裁赵春林在6月初预告说，针对中国市场和欧洲市场极氪猎装车型集体大幅度增量，六月份日产出会翻倍增长。
▲极氪赵春林曾透露6月猎装车日产出会翻倍增长
从结果来看，极氪猎装6月交付破万，007GT的产能翻倍，叠加全球化布局纵深推进，成功助推极氪6月份交付量增长。
作为新势力车企销量冠军的零跑，则在今年6月实现了95%的同比增长，6月交付9.34万台，上半年累计交付35.65万台，同比增长61%。
▲零跑汽车2026年6月销量
从去年同期的4.8万台销量到今年6月份的9万台，零跑汽车的销量变化之所以如此剧烈，主要是因为密集投放新车、提升产能，同时出海也为其带来了强劲增量。
零跑在今年3月底正式发布了零跑A10，并取得了不错的市场成绩，首月大定破4万。
而在2026年5月25日，零跑高级副总裁兼首席运营官徐军通过其官方渠道正式宣布，零跑A10的日产能已稳定达到1000台，而且还在逐月攀升中，6月会全力向3万台冲刺，这为6月零跑实现交付量突破打下了基础。
▲零跑徐军透露6月会全力向生产3万台A10冲刺
此外，零跑出海也在持续发力，零跑高级副总裁曹力在2026香港车博会上透露，截至2026年6月18日，零跑累计全球交付超150万辆，其中，海外销量累计超15万辆，零跑Lafa5右舵版也正式登陆中国香港及欧洲26个国家和地区。
总的来看，零跑在6月取得的销量飞跃，是爆款车释放交付势能与海外市场扩张双轮驱动的结果。
当月，蔚来集团月销同比增长6成，增速仅次于零跑和极氪，共计交付4.06万台新车，同比增长63%，环比增长8%，创下2026年单月交付量新高，其上半年累计交付19.11万台，同比增长67.4%，创历史新高。
▲蔚来集团2026年6月销量
蔚来能取得这样的成绩，主要是因为其多品牌战略成效显著，蔚来旗下三大品牌在6月均实现了强劲增长。
其中，蔚来品牌销量增量显著，6月交付2.19万台，同比增长50.1%，较去年同期多卖车约7300台。
这主要得益于蔚来ES9的热销，于5月27日上市交付的旗舰SUV ES9，在6月达成了1万台的交付，刷新了中国50万级高端纯电车型的交付破万最快纪录。
此外，第三代蔚来ES8历时275天实现第十二万台新车交付，持续刷新中国40万元以上高端车型的交付纪录。
而乐道品牌增速最为显著，6月交付1.17万台，同比增长83.5%，于5月15日上市的乐道新车L80和于5月9日开启交付2026款L90正持续贡献销量。
除了前两大品牌，萤火虫品牌表现也较为稳健，6月交付6946台，同比增长76.7%。
岚图汽车虽然总体基数不如前三家，但6月也实现了41%的销量同比增长。岚图汽车6月销量增长逻辑同前三家有相似之处，得益于完善的“SUV+MPV+轿车”高端新能源车型矩阵与国际化布局提速，6月岚图汽车交付1.42万辆，同比增长41%；上半年累计交付7.63万辆，同比增长36%。
02.
鸿蒙智行迎来新兴增长极
小鹏出海带动销量攀升
除了以上同比增速超4成的新势力车企外，还有部分新势力品牌及生态联盟6月销量表现也可圈可点。
鸿蒙智行2026年6月创下了今年以来的月交付量新高，交付新车5.06万台，环比增长10%，同比微跌4%，2026年上半年累计交付24万台，同比增长18.6%。
▲鸿蒙智行2026年6月销量
6月鸿蒙智行销量环比提升，主要得益于多款主力车型的集中放量。
从品牌贡献度看，问界品牌仍是鸿蒙智行绝对销售主力——6月交付3.02万台，在鸿蒙智行6月总交付量中占比接近6成。
▲问界汽车2026年6月销量
这其中，全新一代问界M9则在高端市场持续热销，自6月16日开启规模交付后，两周内交付突破8000台。
值得一提的是，尚界Z7系列也成为带动鸿蒙智行销量的新兴增长极，6月单月交付突破1万台，跻身“万台俱乐部”。
▲尚界Z7系列2026年6月销量
小鹏也创下今年月交付量新高，6月交付量冲到4万辆，同比增长16%、环比增长25%，主要原因是新车型GX的交付放量、产能瓶颈突破及海外市场销量增长。
▲小鹏汽车2026年6月销量
小鹏官方指出，6月小鹏GX单月交付6739台，且随着核心零部件产线增加，GX交付节奏将逐步加快。
同时，海外市场也同步发力，2026年5月，小鹏G6、G9在多个欧洲国家纯电细分市场斩获中国品牌销量冠军，全球化布局稳步推进。
03.
小米理想稳定三万台
“创二代”新造车加快发力
除了以上销量增长较为明显的新势力及生态联盟，还有些新势力整体表现稳健，可以期待后续发力。
小米汽车这次又打了一个哑谜，仅公布6月交付量超过3万台，连续三个月交付量超过3万台。
▲小米汽车2026年6月销量
从背后原因来看，小米YU7标准版已于2026年5月26日正式开启全国交付，而交付上量仍需要一些时间。
6月28日，小米汽车答网友问（第162集）中，官方对小米YU7交付顺序做出了回应，所有的小米YU7订单将按照锁单先后顺序进行排产，同配置下先锁定的订单先排产。
当天，小米汽车app也更新YU7预计交付时间：标准版：预计53-56周；Pro版：预计48-51周；Max版：预计33-36周。就此来看，小米汽车的产能瓶颈或许还会持续一段时间。
不过，小米今年的大招还在下半年，小米基于新平台规划的大型新车将在下半年上市，按照节奏推断，新车距离正式亮相也不远了。
理想汽车2026年6月交付3.09万辆新车，同比下滑15%，环比下滑7%，销量下滑主要受到新老产品切换空窗，增程市场竞争加剧等因素影响。
▲理想汽车2026年6月销量
最近两个月理想L9、L8已完成换代，但交付处于爬坡初期，而新一代L6计划在7月上市，6月处于新旧产品衔接过渡期，存在销量波动也可以理解。
而就在同一时间，增程SUV市场竞争白热化，大量细分市场竞品车型的推出，一定程度上也影响到了理想6月销售表现。
除了以上车企及生态联盟，一些“创二代”新势力品牌（传统车企旗下的新能源品牌）也公布了销量战报，其中昊铂埃安、深蓝6月销量表现较为稳健，分别交付3.37万台、3.36万台，同比增长21%、13%，环比均变化不大。
奕派6月交付2.32万辆，同比下滑11%、环比下滑6%，目前奕派旗下车型大多定位主流市场，包括纳米01、纳米06、奕派007等，随着定位更加高的奕派M8等车型上市交付，或有助于强化品牌竞争力。
04.
结语：下半年车市竞争将更激烈
乘联会数据显示，2026年前五个月国内乘用车市场累计零售709.9万辆，同比下降19.5%，市场呈现总量承压、环比回升、结构分化的特征，从增量竞争进入存量博弈的时代。
正是在这样的行业大背景下，刚刚过去的6月份，多家车企交出了具备足够分量的成绩单，这些成绩的取得，靠的是爆款车型投入市场、产能稳步提升以及海外市场的强势扩张。
上半年战事已然收官，但真正的淘汰赛远未结束。随着多款重磅车型开启交付，新技术周期到来，下半年车市竞争必将进一步升级。
車型概覽
寶駿悅也Plus 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。 呢篇會集中講售價未落實前點樣先篩選，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
寶駿悅也Plus 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 2026 301km 前驅版（價格待確認）、2026 401km 前驅版（價格待確認）、2026 501km 前驅版（價格待確認）、2025 401km 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 寶駿悅也Plus 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。
32/42/54/41.9 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。 301/401/501 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。 75 kW、180 N·m 嘅輸出，令高速併線同短距離超車更有信心。 車長 3996 mm、車闊 1760 mm、車高 1726 mm、軸距 2560 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
寶駿悅也Plus 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 寶駿悅也Plus 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「寶駿悅也 Plus 於香港落地價大約係幾多？」簡單講，寶駿悅也 Plus 於香港落地價約180,000–220,000 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 寶駿悅也Plus 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 寶駿悅也Plus 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。
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 HighlightIn 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 5Chery 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 EffortChangan 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 ThoughtsFrom 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.
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。
Folks, today let's talk about big news on going global—not selling cars, but selling "drivers". On June 2, WeRide and Uber jointly announced a plan: to launch the country's first commercial Robotaxi pilot service in Madrid, Spain. In other words: Spanish residents will soon be able to hail a driverless taxi via Uber. This is the first time WeRide and Uber are partnering to enter the European market. Madrid also becomes the 12th city globally where WeRide's Robotaxi arrives.
According to official news, with the support of the Madrid regional government, this service will officially launch within this year. At that time, friends in Madrid can open the Uber App and call WeRide's Robotaxi with one click. It's just like calling an ordinary ride-hailing service, the difference is the arriving car has no driver—at least initially, there is still a difference. In the initial operation phase, a professionally trained safety monitor will be on board, as it's just launched, safety comes first.
This company, WeRide, you might have heard of it, or you might not. A brief introduction: Established in 2017, it has been dedicated to Robotaxi technology R&D and commercialization. Currently, its Robotaxis cover Guangzhou, Beijing, Singapore, Abu Dhabi, Dubai, Riyadh, Zurich... plus Madrid now, totaling 12 cities. Spain is also the 5th European market WeRide has entered—previously entered Switzerland, France, Belgium, Slovakia. According to the plan agreed by WeRide and Uber in May 2025, they plan to deploy Robotaxi services in 15 new international cities within five years, deploying tens of thousands of Robotaxis globally. With the Madrid launch, the deployment in 4 cities has been completed, and 11 more will be covered successively before 2030.
To be honest, it's not the first time Chinese autonomous driving companies are going global, but the combination of Chinese technology + global mobility platform + European market is quite interesting. Madrid is one of the European Robotaxi markets with the most commercial potential, with a large population, high travel demand, and friendly local policies. Being able to take root in this market is a significant milestone for WeRide. For Uber, introducing Robotaxis is also a way to reduce costs—after all, drivers don't need salaries. For Madrid residents, hailing a taxi might be cheaper in the future.
As the overseas expansion of automobiles accelerates from products "going out" to brands "going in" and industries "taking root", the globalization competition of Chinese automakers has reached a new historical development stage.
On the eve of the highly anticipated World Cup opening, a cross-border cooperation between cars and sports was officially announced. On May 22, Changan Automobile and the Portuguese Football Association signed a global strategic cooperation agreement with the theme "Stay in the game (Always In the Game)", officially becoming the global official partner of the Portugal National Team.
At the signing ceremony, the two parties not only released the co-branded film "Voice of Changan" but also completed the overseas delivery of the first Deepal S05 plug-in hybrid model (PHEV) in Europe. Immediately after, Changan Automobile's thousand-kilometer long-term test in Europe commenced.
Of note, Changan Automobile is the first Chinese car brand to reach an official cooperation with a top European football national team. This means the cooperation between the two parties will by no means stay at the superficial level of "sports marketing", but rather break overseas barriers further by leveraging "football" as a universal global cultural language, accelerate value going overseas, and convey the strength of Chinese automotive intelligent manufacturing. For Changan Automobile itself, this is also a key step to comprehensively promote the "All-Inclusive" Plan 2.0 and assist in the implementation of the "1445 Global Strategy".
Why the Portugal National Team? What Does Changan Automobile's Linkage with the World Cup Aim For?
In the eyes of laymen, this cooperation is inevitably understood as "leveraging World Cup traffic for marketing", but that would underestimate Changan Automobile's strategic considerations too much.
Automotive manufacturers partnering with sports IP have never been about chasing temporary traffic, nor for short-term exposure, but rather to leverage the natural emotional connection of "football" to fully open the cognitive entry for global consumers.
In the past few years, the sales growth of Chinese automakers overseas was indeed very fast, but they all face a realistic issue that consumers still stay at the product cognition stage regarding Chinese automobiles. In other words, they know Chinese cars are cheap and highly equipped, but lack long-term brand recognition. If this continues, Chinese brands will find it difficult to achieve mindshare among global users in a short time.
Football, as a borderless universal cultural symbol, possesses extremely strong global communication power and mass foundation. At the same time, the Portugal National Team is one of the most influential national teams in the world football circle. From the Figo era to the Ronaldo era, it has maintained global attention for a long time.
Therefore, after binding with the Portugal National Team, overseas users will naturally pay attention to Changan Automobile through top European sports IPs. This not only helps Changan Automobile quickly break through brand cognition barriers in the European market but also achieves the upgrade of its own global brand image.
It should be known that the competition faced by Chinese automakers overseas today is not only from traditional multinational automotive companies but also includes Tesla, Hyundai, Kia, and an increasing number of new energy brands. For Chinese automobiles, quickly building brand awareness is the urgent task.
In addition, to truly enter the European mainstream market, relying solely on cost-performance ratio is far from enough. It also requires certain technical strength and brand accumulation to win the long-term trust of local users.
Changan Automobile well understands this complete methodology of going overseas. Therefore, after the official announcement of cooperation, it quickly launched the European long-term test, verified hardcore product strength, and with concrete actions closely followed the fundamental principle of "Systematic Going Overseas" in the "All-Inclusive" Plan 2.0, achieving a dual breakthrough from brand to product, making this partnership with the Portugal National Team even more "resounding".
Spirit with the Same Origin, Ideas at the Same Frequency, Two "National Teams" Joining Hands to Go to World Class Together
In this cooperation, there is another key word worth paying attention to, which is "Stay in the game (Always In the Game)". On the surface, this is an expression in the sports context, but in fact, it is also an attitude of Changan Automobile towards the globalization strategy.
Nowadays, the competition in the Chinese automobile market has entered the "long-distance race" from "short-term explosion". Especially in terms of globalization, Chinese automakers' overseas acceleration has significantly sped up, but there are not many companies that can truly build systemic capabilities overseas.
Changan Automobile never acts as a "short-terminist". It always emphasizes one point: "No overseas, no Changan; no base, no overseas". The meaning is very simple, Changan Automobile's export is not just selling cars out, but must take local rooting as the ultimate goal.
Currently, Changan Automobile has divided the global market into eight major regions and constructed a "152" global layout. The overseas sales network has expanded from 63 countries in 2020 to 118 countries and regions, with a cumulative total of 1124 overseas sales outlets. At the same time, Changan Automobile is continuing to promote the construction of overseas manufacturing systems, including Thailand Rayong factory, Brazil factory, and other localized production bases, which have entered the "Industrial Going Overseas" stage.
According to the "All-Inclusive" Plan 2.0, by 2030, Changan Automobile's overseas sales target will reach 1.5 million - 1.8 million vehicles, and aim for the global automobile brand TOP 10. Especially with the export of Deepal S05 to Europe, the process of Changan Automobile building a global brand narrative has been fully accelerated, making it more confident in achieving higher overseas goals. In this process, the cooperation between Changan Automobile and the Portugal National Team will undoubtedly become an extremely important bonus point.
After the cooperation was announced, many people feel that this cooperation is highly fitting and has triggered deep resonance in the automotive circle and sports circle. On the one hand, the Portugal National Team represents long-term accumulation, continuous struggle, and breakthrough against the trend. On the other hand, the development of Changan Automobile in the past few decades has also experienced the whole process of the Chinese automobile industry from weak to strong. Especially in the new energy transformation cycle, Changan Automobile is also one of the few traditional large automotive manufacturers to complete the reconstruction of the new energy system. Therefore, the two parties can be said to be unprecedentedly consistent in their spiritual core.
In fact, whether it is football or the automotive industry, it requires day-by-day persistence and the confidence to rush towards the future to "Always In the Game", always laughing till the end. This is also the most important enlightenment that Changan Automobile and the Portugal National Team bring to us.
