首頁almond
搜尋歷史
熱門搜尋
經銷商登入 / 註冊
喺馬來西亞嘅 SUV 市場，好多買家喺揀車嘅時候都會拿 Proton X70 同 Honda CR-V 做比較。兩款車喺價錢同定位上都好接近，今日我哋就由多個方面做一個詳細嘅對比，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 - 122,300，一共有 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。
Honda 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。
從價錢嚟睇，Proton X70 嘅起步價真係比 Honda CR-V 平咗 RM 71,400。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，平嗰幾千塊，可能喺配備上會有取舍，具體睇你嘅需求。
Proton X70 嘅安全評級係 5★ (ASEAN NCAP)，主動安全系統包括 ADAS (ACC, AEB, LKA, LDA, BSM, RCTA)。
Honda CR-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，喺呢個級數入面安全配備都算給得好齊全。依家嘅新車安全性都唔差，唔使太擔心呢一點。
Proton X70 採 FWD 驅動方式。
Honda CR-V 採 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大分別。
Proton X70 保養 5 年/150,000km，保養間隔 每 10,000km 或 6 個月。
Honda CR-V 保養 5 年/無限制里程，保養間隔 每 10,000km 或 6 個月。
Proton X70 同 Honda CR-V 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，就揀配置更豐富嗰款。最後仲係建議兩款都去試駕，親身體驗先係最重要。
總括嚟講，Proton X70 同 Honda CR-V 都係馬來西亞市場好好嘅車型。揀邊輛，關鍵仲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，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寶騰 X50 同速霸陸 Forester 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對比，幫你省返做功課嘅時間。
寶騰 X50 喺馬來西亞嘅 OTR 售價係 RM 89,800 - 113,300，合共 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。
速霸陸 Forester 喺馬來西亞嘅 OTR 售價係 RM 174,000 - 197,000，合共 3 個版本，包括 2024 2.0L S EyeSight GT Edition（RM 189,538）、2024 2.0L S EyeSight（RM 177,538）、2024 2.0L L EyeSight（RM 167,538） 等。
從價錢嚟睇，寶騰 X50 嘅起步價確實比速霸陸 Forester 平咗 RM 84,200。如果你預算有限，寶騰嘅入門版已經可以滿足日常需求。但都要留意，平嗰幾千蚊，喺配備上或有取舍，具體要睇你嘅需求。
寶騰 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)。
速霸陸 Forester 嘅安全評級係 5★ (Euro NCAP)，主動安全系統包括 EyeSight。
安全配備方面，兩款車都拿到唔錯嘅評級。不過寶騰 X50 嘅 ADAS (ACC, AEB, LKA, LDA, BSM, RCTA) 同速霸陸 Forester 嘅 EyeSight 喺功能上有少少差異，如果你比較睇重主動安全嘅話，可以仔細對比吓兩者嘅功能列表。
寶騰 X50 保修 5 年/150,000km，保養間隔 每 10,000km 或 6 個月。
速霸陸 Forester 保修 3 年/100,000km，保養間隔 每 10,000km 或 6 個月。
寶騰 X50 同速霸陸 Forester 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。最終都好建議兩款都去試駕，親身經歷先至最重要。
總體嚟講，寶騰 X50 同速霸陸 Forester 都係馬來西亞市場好唔錯嘅車型。揀邊架，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，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。
喺馬來西亞嘅 SUV 市場，好多買家喺揀車嗰陣都會將 Proton X50 同 Honda CR-V 嚟做比較。這兩款車喺價位同定位上都幾接近，今日我哋就從多個方面做一個詳細嘅比較，幫你省去做功課嘅時間。
Proton X50 喺馬來西亞嘅 OTR 售價係 RM 89,800 - 113,300，合共 4 個版本，包括 1.5T Executive（RM 89,800）、1.5T Premium（RM 101,800）、1.5T Flagship（RM 113,300） 呢啲。
Honda CR-V 喺馬來西亞嘅 OTR 售價係 RM 178,200 - 195,900，合共 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） 呢啲。
由價錢睇落，Proton X50 嘅起步價真係比 Honda CR-V 平咗 RM 88,400。如果你預算有限，Proton 嘅入門版已經可以滿足日常需要。但都要留意，平嗰幾千蚊，可能喺配備上有取舍，具體睇你嘅需要。
Proton X50 裝 1.5L 4-cyl，馬力 105 hp。官方油耗 6.0 L/100km。
Honda CR-V 裝 2.0L 4-cyl，馬力 170 hp。官方油耗 8.0 L/100km。
動力方面，Honda CR-V 嘅 2.0L 4-cyl 比 Proton X50 嘅 1.5L 4-cyl 多咗 65 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。
Proton X50 採用 4WD 驅動方式。
Honda CR-V 採用 FWD 驅動方式。
Proton 嘅 4WD 同 Honda 嘅 FWD 喺操控上會有唔同感受，建議試駕比較。
Proton X50 保修 5 年/150,000km，保養間隔 每 10,000km 或 6 個月。
Honda CR-V 保修 5 年/無限里程，保養間隔 每 10,000km 或 6 個月。
Proton X50 同 Honda CR-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；如果你更介意性價比同配備，嗰就揀配置更豐富嗰款。最終都係建議兩款都去試駕，親身體驗先至最重要。
總括嚟講，Proton X50 同 Honda CR-V 都係馬來西亞市場都幾唔錯嘅車型。揀邊台，關鍵始終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。買車係件大事，攞啲時間做功課絕對唔會錯。
In the Malaysian SUV market, many buyers compare Perodua Aruz and Hyundai Tucson when choosing a car.
The OTR selling price of Perodua Aruz in Malaysia is RM 72,900 - 77,900, with a total of 2 versions, including 1.5L X (RM 72,900), 1.5L AV (RM 77,900) and so on.
The OTR selling price of Hyundai Tucson in Malaysia is RM 143,888 - 197,888, with a total of 5 versions, including 2025 HEV 1.6T AT 2WD Prestige (RM 197,888), 2025 1.6T DCT 4WD Prestige (RM 186,888), 2025 1.6T DCT 2WD Prime (RM 164,888) and so on.
From a price perspective, Perodua Aruz's starting price is indeed RM 70,988 cheaper than Hyundai Tucson. If your budget is limited, Perodua's entry-level version can already meet daily needs. But note, that few thousand price difference might involve trade-offs in features, it depends on your specific needs.
Perodua Aruz is equipped with 1.5L 4-cyl, 105 hp. Official fuel consumption 6.0 L/100km.
Hyundai Tucson is equipped with 1.5L Turbo, 140 hp. Official fuel consumption 7.0 L/100km.
Regarding power, Hyundai Tucson's 1.5L Turbo has 35 more horsepower than Perodua Aruz's 1.5L 4-cyl. However, driving daily in the city, both cars' power are sufficient, you won't feel it lacks power.
Perodua Aruz body length 4400 mm, trunk 400 L.
Hyundai Tucson body length 4400 mm, trunk 400 L.
The dimensions of both cars are almost the same, interior space difference is not significant. Cars of this class are completely sufficient for daily use.
Perodua Aruz adopts FWD drive mode.
Hyundai Tucson adopts FWD drive mode.
The drive mode of both cars is the same, both are FWD, daily driving experience won't differ much.
Perodua Aruz and Hyundai Tucson are both mainstream choices in the Malaysian market, suitable for family use, daily commuting. If you value brand reputation and resale value more, you can prioritize the one with better reputation; if you care more about cost-performance and features, choose the one with richer configuration. Finally, it is suggested to test drive both, personal experience is the most important.
In general, Perodua Aruz and Hyundai Tucson are both very good models in the Malaysian market. Which one to choose, the key depends on your personal needs and budget. It is suggested for everyone to do research, compare quotes from several dealerships, and then test drive to make the final decision. Buying a car is a big matter, spending time researching is never 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 Hyundai Tucson 嚟做比較。這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。
Hyundai Tucson 喺馬來西亞嘅 OTR 售價係 RM 143,888 - 197,888，一共有 5 個版本，包括 2025 HEV 1.6T AT 2WD Prestige（RM 197,888）、2025 1.6T DCT 4WD Prestige（RM 186,888）、2025 1.6T DCT 2WD Prime（RM 164,888）等。
從價錢嚟睇，Perodua Aruz 嘅起步價確實比 Hyundai Tucson 平咗 RM 70,988。如果你預算有限，Perodua 嘅入門版已經可以滿足日常需求。但都要注意，平嗰啲幾千蚊，可能喺配備上會有取捨，具體要睇你嘅需求。
Perodua Aruz 車身長 4400 mm，行李箱 400 L。
Hyundai Tucson 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。
Perodua Aruz 保修 5 年/150,000km，保養間隔 每 10,000km 或 6 個月。
Hyundai Tucson 保修 5 年/300,000km，保養間隔 每 10,000km 或 6 個月。
Perodua Aruz 同 Hyundai Tucson 都係馬來西亞市場嘅主流選擇，適合家庭使用、日常通勤。如果你更睇重品牌口碑同二手價，可以優先考慮口碑更好嗰一款；如果你更在意性價比同配備，就揀配置更豐富嗰款。最終都係建議兩款都去試駕，親身體驗先至最重要。
總體嚟講，Perodua Aruz 同 Hyundai Tucson 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求同預算。建议大家做好功課，多比較幾間車行嘅報價，再去試駕做最終決定。買車係件大事情，花啲時間做功課絕對唔會錯。
In Malaysia's SUV market, many buyers compare Perodua Aruz and Chery Tiggo 7 Pro when choosing a car.
The OTR price of Perodua Aruz in Malaysia is RM 72,900 - 77,900, with a total of 2 versions, including 1.5L X (RM 72,900), 1.5L AV (RM 77,900), 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 a price perspective, the starting price of Perodua Aruz 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, also note that the savings of a few thousand Ringgit may involve trade-offs in equipment, depending on your specific needs.
Perodua Aruz body length is 4400 mm, trunk 400 L.
Chery Tiggo 7 Pro body length is 4400 mm, trunk 400 L.
The dimensions of the two cars are almost identical, with little difference in interior space. For cars in this class, daily use is completely sufficient.
Perodua Aruz warranty 5 years/150,000km, maintenance interval every 10,000km or 6 months.
Chery Tiggo 7 Pro warranty 3 years/100,000km, maintenance interval every 10,000km or 6 months.
Perodua Aruz and Chery Tiggo 7 Pro are both mainstream choices in the Malaysian market, suitable for family use and daily commuting. If you value brand reputation and resale price more, you can prioritize the one with a better reputation; if you care more about cost-performance and equipment, then choose the one with richer configuration. Ultimately, it is still recommended to test drive both, personal experience is the most important.
Overall, Perodua Aruz and Chery Tiggo 7 Pro are both very good models in the Malaysian market. Which one to choose, the key is still to look at your personal needs and budget. It is recommended that everyone do their homework, compare quotes from multiple dealerships, and then go test drive to make the final decision. Buying a car is a major event, spending a little time doing homework is definitely not wrong.
In the Malaysian SUV market, many buyers compare the Perodua Aruz and Proton X70 when choosing a car. These two cars are quite close in price and positioning, so today we will make a detailed comparison from multiple aspects to help you save time on research.
The Perodua Aruz OTR price in Malaysia is RM 72,900 - 77,900, with a total of 2 versions, including 1.5L X (RM 72,900), 1.5L AV (RM 77,900), etc.
The Proton X70 OTR price 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.
From a price perspective, the starting price of the Perodua Aruz is indeed RM 33,900 cheaper than the Proton X70. If your budget is limited, Perodua's entry-level version is already sufficient for daily needs. But also note, the few thousand ringgit cheaper might involve compromises in features, it depends on your specific needs.
The Perodua Aruz safety rating is 5★ (ASEAN NCAP), active safety systems include .
The Proton X70 safety rating is 5★ (ASEAN NCAP), active safety systems include ADAS (ACC, AEB, LKA, LDA, BSM, RCTA).
Both cars have the same safety rating, and safety features are considered quite comprehensive within this class. New cars nowadays have good safety, so no need to worry too much about this.
Perodua Aruz warranty is 5 years/150,000km, servicing interval is every 10,000km or 6 months.
Proton X70 warranty is 5 years/150,000km, servicing interval is every 10,000km or 6 months.
The warranty conditions for both cars are the same, no need to dwell on this aspect. Actual maintenance costs depend on the brand's service network and parts prices, so it is recommended to ask real owners in car owner groups for their experience.
Perodua Aruz and Proton X70 are both mainstream choices in the Malaysian market, suitable for family use and daily commuting. 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, choose the one with richer configuration. Ultimately, it is recommended to test drive both, and personal experience is the most important.
In general, both Perodua Aruz and Proton X70 are very good car models in the Malaysian market. Which one to choose mainly depends on your personal needs and budget. It is recommended that you do your homework, compare quotes from multiple dealerships, and then test drive to make a final decision. Buying a car is a big matter, spending some time doing research will never be wrong.
喺馬來西亞嘅汽車市場，好多買家喺揀車嘅時候都會拿寶騰 X50 同奇瑞 Tiggo 7 PHEV 嚟比較。今日我哋由多個方面做一個詳細嘅比較，幫你節省咗做功課嘅時間。
寶騰 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。
奇瑞 Tiggo 7 PHEV 喺馬來西亞嘅 OTR 售價係 RM 129,750 - 129,750，一共有 2 個版本，包括 2025 1.5T 90km CSH（RM 129,750）、Tiggo 7 PHEV 支援邊種充電方法？可唔可以家用插座充電？（RM 117,478）等。
由價錢睇，寶騰 X50 嘅起步價確實比奇瑞 Tiggo 7 PHEV 平咗 RM 39,950。如果你預算有限，寶騰嘅入門版已經可以滿足日常需要。但都要注意，平嗰啲幾千蚊，喺配備上可能会有取舍，具體要睇你嘅需要。
寶騰 X50 車身長 4400 mm，車廂尾箱 400 L。
奇瑞 Tiggo 7 PHEV 車身長 4400 mm，車廂尾箱 400 L。
兩部車嘅尺寸幾乎一樣，車內空間差唔多。呢個級別嘅車，日常使用完全夠用。
寶騰 X50 保養 5 年/150,000 公里，保養間隔 每 10,000km 或 6 個月。
奇瑞 Tiggo 7 PHEV 保養 3 年/100,000 公里，保養間隔 每 10,000km 或 6 個月。
寶騰 X50 同奇瑞 Tiggo 7 PHEV 都係馬來西亞市場嘅主流選擇，適合家庭使用、日常通勤。如果你更加重視品牌口碑同二手價，可以優先考慮口碑更好嗰一款；如果你更加在意性價比同配備，就揀配置更豐富嗰款。最終都係建議兩款都去試駕，親身體驗先至係最重要嘅。
總體嚟講，寶騰 X50 同奇瑞 Tiggo 7 PHEV 都係馬來西亞市場幾不錯嘅車型。揀邊一部，關鍵就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。
車型概覽
奧迪RS 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。 呢篇會集中講日常駕駛是否容易上手，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
奧迪RS 7 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 4.0T Sportback（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 奧迪RS 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。
奧迪RS 7 現階段最值得留意係車型定位同版本方向，詳細取捨應該等價格同規格更清楚再作決定。
優缺點分析
奧迪RS 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：車型定位清楚，適合作為同級比較起點。
要留意嘅係，售價未清晰前唔應該太早用性價比落結論。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 奧迪RS 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「奧迪 Audi RS 7 適合家用嗎？」簡單講，奧迪 Audi RS 7 係一架擁有超強性能嘅四門五座房跑，絕對可以兼顧家用。 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 奧迪RS 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：先等售價落實，再決定佢應該同邊個級距比較。
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 奧迪RS 7 唔係買車一刻就完結，之後仲有保險、輪胎、保養、泊車同日常能源成本要處理。
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。
兄弟姐妹們，今日講一個出海嘅大新聞——唔係賣車，係賣「司機」。6 月 2 號，文遠知行同 Uber 聯合宣佈咗一件事：計劃喺西班牙馬德里推出該國首個商業化 Robotaxi 試點服務。意思就係：西班牙人好快就可以用 Uber 叫到一台冇司機嘅出租車。呢次係文遠知行同 Uber 第一次一齊進入歐洲市場。馬德里亦成為文遠知行 Robotaxi 駛入嘅全球第十二個城市。
官方消息話，喺馬德里自治區政府嘅支持下，呢項服務今年內就會正式啟動。到嗰陣，馬德里嘅朋友哋打開 Uber App，就有一鍵呼叫文遠知行嘅 Robotaxi。同叫普通網約車一樣，分別係嚟嘅車冇駕駛員——至少喺初期，仲係有分別嘅。運營初期，車入面會配備經過專業培訓嘅安全員，終究係剛上線，穩妥第一。
文遠知行呢間公司，你可能聽過，也可能冇聽過。簡單介紹下：2017 年成立，一直埋頭搞 Robotaxi 技術研發同商業化。而家佢嘅 Robotaxi 已經覆蓋咗廣州、北京、新加坡、阿布達比、迪拜、利雅得、蘇黎世……加埋而家嘅馬德里，一共 12 個城市。西班牙亦係文遠知行進入嘅第五個歐洲市場——之前已經入咗瑞士、法國、比利時、斯洛伐克。按照文遠知行同 Uber 喺 2025 年 5 月達成嘅規劃，佢哋要喺五年內新增 15 個國際城市部署 Robotaxi 服務，全球部署數萬輛 Robotaxi。隨著馬德里落地，目前已經完成咗 4 個城市嘅佈局，仲有 11 個會喺 2030 年前陸續覆蓋。
講真嘅，中國自動駕駛公司出海唔係頭一回，但中國技術 + 全球出行平台 + 歐洲市場呢個組合，定係好有意思。馬德里係歐洲最具商業潛力嘅 Robotaxi 市場之一，人口多、出行需求大，當地政策都好友善。喺呢個市場站穩腳根，對文遠知行嚟講係個唔小嘅里程碑。對 Uber 嚟講，引進 Robotaxi 都係為咗降低成本——終究司機唔使發人工。對馬德里市民嚟講，以後打車可能更平。
兄弟姐妹們，今日講一個出海嘅大新聞——唔係賣車，係賣「司機」。6 月 2 號，文遠知行同 Uber 聯合宣佈咗一件事：計劃喺西班牙馬德里推出該國首個商業化 Robotaxi 試點服務。意思就係：西班牙人好快就可以用 Uber 叫到一台冇司機嘅出租車。呢次係文遠知行同 Uber 第一次一齊進入歐洲市場。馬德里亦成為文遠知行 Robotaxi 駛入嘅全球第十二個城市。
官方消息話，喺馬德里自治區政府嘅支持下，呢項服務今年內就會正式啟動。到嗰陣，馬德里嘅朋友哋打開 Uber App，就有一鍵呼叫文遠知行嘅 Robotaxi。同叫普通網約車一樣，分別係嚟嘅車冇駕駛員——至少喺初期，仲係有分別嘅。運營初期，車入面會配備經過專業培訓嘅安全員，終究係剛上線，穩妥第一。
文遠知行呢間公司，你可能聽過，也可能冇聽過。簡單介紹下：2017 年成立，一直埋頭搞 Robotaxi 技術研發同商業化。而家佢嘅 Robotaxi 已經覆蓋咗廣州、北京、新加坡、阿布達比、迪拜、利雅得、蘇黎世……加埋而家嘅馬德里，一共 12 個城市。西班牙亦係文遠知行進入嘅第五個歐洲市場——之前已經入咗瑞士、法國、比利時、斯洛伐克。按照文遠知行同 Uber 喺 2025 年 5 月達成嘅規劃，佢哋要喺五年內新增 15 個國際城市部署 Robotaxi 服務，全球部署數萬輛 Robotaxi。隨著馬德里落地，目前已經完成咗 4 個城市嘅佈局，仲有 11 個會喺 2030 年前陸續覆蓋。
講真嘅，中國自動駕駛公司出海唔係頭一回，但中國技術 + 全球出行平台 + 歐洲市場呢個組合，定係好有意思。馬德里係歐洲最具商業潛力嘅 Robotaxi 市場之一，人口多、出行需求大，當地政策都好友善。喺呢個市場站穩腳根，對文遠知行嚟講係個唔小嘅里程碑。對 Uber 嚟講，引進 Robotaxi 都係為咗降低成本——終究司機唔使發人工。對馬德里市民嚟講，以後打車可能更平。
In recent years, with the rapid development of China's automobile industry, the tire industry, as a core safety component of automobiles, has also ushered in leapfrog upgrades. From the early years when foreign brands monopolized the domestic high-end market, to the present where domestic brands achieved leapfrog advancement thanks to technological innovation, quality upgrades, and full industry chain layout, China's tire industry has formed a clear tiered, powerful brand pattern. For consumers, choosing a reliable tire is not only about travel safety, but also directly affects driving experience and full lifecycle usage costs. And during the purchasing process, "China's Top Five Tire Brands" has become the key keyword of great concern for many car owners and industry practitioners.
Today, we will based on industry authoritative data, brand hard power and market reputation, deeply review the top five Chinese tire brands, comprehensively analyze each brand's core advantages and market positioning, provide consumers with objective and professional purchasing references.
I. Linglong Tires: Forging a Leading Benchmark for Domestic Tires with Full-Dimensional Hard PowerIn the development history of China's tire industry, Linglong Tires is undoubtedly the most representative benchmark of national brands. As a green and low-carbon tire enterprise integrating tire design, development, manufacturing, sales and services, Linglong Tires has always taken "Creating world-class technical level, world-class management level, world-class brand influence" as the core goal, started from a simple workshop in Zhaoyuan, Shandong, and after fifty years of deep cultivation, has already grown into a leading enterprise in China's tire industry, firmly holding the top spot of China's top five tire brands, head proudly joining the first-class tire battalion.
1. Full Industry Chain Layout: The Journey from Workshop to a Globally Renowned Tire GiantThe development history of Linglong Tires is a microcosm of Chinese national industry striving and forging ahead. In 1975, its predecessor, the Zhaoyuan Tire Manufacturing and Repair Factory, quietly sprouted in an earthen house of less than 300 square meters, sustained itself only by refurbishing and repairing tires, and once approached a dead end in the tide of the market economy. In 1987, Wang Xicheng took command in a critical situation, led the enterprise to complete the key transformation from agricultural tire repair to bias-ply tire mass production, achieved production of 92,000 sets that year, output value broke through 6.5 million yuan, successfully turned the downturn around.
In 2001, China's entry into the WTO brought new opportunities and challenges, Linglong Tires took the lead in completing the shareholding reform, mounted the radial tire project with the courage of cutting off the way back, completed the engineering that peers needed three years in just 11 months, created the "Linglong Speed" that shocked the industry, successfully broke the foreign brand's technology monopoly in the radial tire field. Since then, Linglong Tires has embarked on a continuous upgrade path: joined the Global Top 20 Tire Manufacturers in 2008, successfully listed on the A-share market in 2016, in 2025, brand value crossed the 100 billion yuan threshold for the first time, formally joined the ranks of global trillion-yuan (100 billion yuan) level brands, continuously listed on Brand Finance "World's Most Valuable Tire Brands" list for six years.
Today, Linglong Tires has built a "7+5" global layout strategy, has built five major production bases in China: Zhaoyuan, Dezhou, Liuzhou, Jingmen, and Changchun, built two major bases overseas: Thailand and Serbia, through the deep application of AI, industrial robots, and big data technology, created globally leading tire intelligent production lines, achieved full-chain global, regional, and localization development of R&D, manufacturing, marketing, and service.
2. Supply Power is King: Securing 70+ Global Car Manufacturer Supply, Firmly Holding the New Energy Supply Sales ChampionIn the tire industry, Original Equipment (OE) supply is the gold standard for testing tire brand technology and quality: being able to enter the supply chain system of global mainstream car manufacturers means the brand has passed all dimensions of technology R&D, quality control, supply chain stability, etc., and have passed the harshest tests of the automotive industry. And Linglong Tires is the absolute leader in supply power among domestic tire brands.
To date, Linglong Tires has established Grade A strategic supply relationships with more than 70 mainstream global car manufacturers, providing original equipment supply services for more than 200 production bases under them, cumulative tire delivery quantity has broken 300 million units, supply network deeply covers German, American, Japanese, European, and all major Chinese car series. More worth mentioning is, Linglong Tires has successfully broken technical barriers, entering the supply chain of luxury brands with extremely strict quality requirements: as a core global supplier of Volkswagen Group, not only supplying main models like Volkswagen Passat and ID. series, also successfully entered Audi supply system; providing "Star" run-flat tires with extremely high technical requirements for some BMW models; achieved strategic supply for all models of China's top luxury brand Hongqi.
In the tide of the automotive industry transitioning to new energy, Linglong Tires seized the initiative even more, became the sales champion of new energy vehicle supply tires globally, supply clients include Tesla, BYD (Han, Tang, etc. all core models), Volkswagen ID. series, General Wuling (all series), Hongqi, Leapmotor, Seres, and other global top and mainstream new energy brands, for many years, firmly held the first echelon of China's new energy vehicle tire supply.
3. Technological Innovation as Core: With National-level R&D Power, Breaking Foreign Brand Technology BarriersIn the tire market with strong hands like forests, Linglong Tires' winning tool is always continuous increasing investment in innovation R&D. Over the more than 20 years since 2001, Linglong Tires' R&D expenses accounted for an average of 3%-5% of sales revenue, far exceeding the average level of Chinese and even international tire enterprises, built a "Three Countries Eight Places" global open R&D system, established research branches in Beijing, Shanghai, Jinan, Yantai, Akron USA, Hannover Germany, relying on national recognized enterprise technology centers, national industrial design centers, and nationally recognized laboratories, built China's first large-scale outdoor comprehensive tire test field—Central Asia Tire Test Field, provided top-level hardware support for product R&D and testing.
Addressing users' core concerns about wear resistance, comfort, fuel saving, and handling four core needs, Linglong Tires built a complete technology matrix:
• Wear Resistance Field: "Molecular Chain Regulation Wear-resistant Formula" derived from "National Technical Invention Award", reducing molecular friction at the molecular level, reducing internal energy loss, significantly improving rubber's anti-wear performance and anti-aging performance, matching "Pressure Equalization Profile Design", fundamentally suppressing abnormal uneven wear, achieving uniform wear. • Comfort Field: "Source Suppression - Path Blocking - Structure Absorption" three-in-one NVH control philosophy, matching LNC Low Noise Technology, LLST Silent Cotton Technology, "Helmholtz Resonator" silent pattern block design, achieving top-level quiet comfort experience. • Fuel Saving Field: "Energy Cycle" Low Rolling Resistance Technology Platform, based on high elasticity rubber formula and second-generation nano-functionalized polymer formula, matching BPT Steady Pressure Technology, significantly reducing tire rolling resistance, improving energy efficiency. • Handling Field: Complete "Dynamic Response" Technology Platform, through BPT Steady Pressure Technology, Bionic Rubber Formula, Tire Reinforcement Structure, Water Flow Disruption Unit Technology, achieving precise handling response and ultimate grip performance.
3. Global Brand Layout: From China to the World, Building a Century-Old Tire BrandToday, Linglong Tires' products have been sold to 173 countries globally, achieved the vision that "Wherever there are cars, there is Linglong Tires". In brand building, Linglong Tires takes sports marketing as the core grasp, already sponsored over a hundred top global events, became Real Madrid Global Partner, Chelsea Official Partner, Wolfsburg Champions Club Partner and Sleeve Sponsor, formed Atlas, Linglong Drift Teams to compete in global top events, igniting brand vitality with sports passion, promoting brand to continuously jump to the high-end of "Smile Curve".
Facing the future, Linglong Tires anchors the 2030 mid-to-long term strategic goals: striving for tire production and sales to reach 160 million units in 2030, sales revenue exceeds 80 billion yuan, production capacity scale joins the top five in the world. Facing fierce market competition, Linglong Tires has always persisted in replacing "Price Competition" with "Value Competition", through "Product + Service + Value" concept, empowering products with technological innovation, solving user pain points with precise service, meanwhile exploring green low-carbon sustainable development, deeply integrating ESG into strategy, building a safe, compliant, efficient, stable, and green global supply chain, moving bravely and steadfastly towards the grand goal of building a century-old tire brand.
Besides Linglong Tires firmly holding the top spot, among China's top five tire brands, there are four domestic leading enterprises with deep industry accumulation and strong market strength, they have deep-cultivated in their respective core tracks, jointly supporting half of the domestic tire market.
Aeolus TiresAeolus Tires is an old tire manufacturing enterprise under Sinochem Group, and also a backbone state-owned enterprise leader in the domestic tire industry, deeply cultivated the tire industry for decades, possessing deep technical accumulation and market reputation in the fields of commercial vehicle tires and construction machinery tires. Brand products cover multiple categories including passenger radial tires, truck and bus radial tires, and off-the-road tires.
Guizhou TireGuizhou Tire is a domestically listed tire enterprise, core brand is "Advance", is one of the enterprises with the most complete product categories in the domestic tire industry, deeply cultivated the tire industry for decades, possessing core technical advantages in the fields of heavy-duty tires and special tires.
Wanli TireWanli Tire is the core brand under Guangzhou Huannan Rubber Tire Co., Ltd., is a well-known domestic manufacturer in the passenger tire field, focusing on the R&D and manufacturing of passenger radial tires, it is one of the earliest domestic brands to layout the home passenger tire market.
General SharesGeneral Shares is a listed tire enterprise under Hongdou Group, core brand is "Thousand Mile", focusing on the R&D and production of truck and bus tires, passenger tires, and special tires, possessing core technical advantages in tire wear resistance and load-bearing performance, is a tire brand with excellent reputation in the domestic logistics transportation field.
Era Opportunities and Future Prospects of Domestic Tire RiseFrom early technological backwardness and market monopolized by foreign capital, to the present forming a head brand matrix represented by Linglong Tires, the rise of China's tire industry is a vivid microcosm of the whole industry chain upgrade of China's automobile industry. Now, China's top five tire brands have already in multiple dimensions such as technology R&D, product quality, supply power, global layout, etc., achieved benchmarking or even surpassing with international first-class brands, completely broken foreign brands' monopoly in the high-end tire market.
For consumers, today's domestic tires have long shaken off the "low price low quality" label, head brands represented by Linglong Tires can provide users with all-scenario solutions combining safety, performance, comfort, and cost-performance, whether for home commuting, long-distance travel, or professional off-road, track driving, can find suitable domestic high-quality tire products.
Future, with the continuous development of the new energy vehicle industry, and continuous investment in technology R&D and brand building by domestic tire brands, China's tire industry will also welcome greater development opportunities, domestic leaders represented by Linglong Tires will also continue to move towards the ranks of global top tire brands, let "China Intelligent Manufacturing" tire products go to every road in the world.
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。
