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滚车轮的人
赚尽每一分钱只是一场梦
IP属地：山东
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滚车轮的人
滚车轮的人
·
02-11
跨越假期，全球期货直通中国机会
查看详情：
跨越假期，全球期货直通中国机会
A50、H50、MSCI A50 等核心品种全年无休，把握交易先机 此帖仅开放于中国大陆用户
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跨越假期，全球期货直通中国机会
滚车轮的人
滚车轮的人
·
02-10
你这AI文写的真够**的，试没试过可灵3.0就在这放屁
即梦AI来了，受冲击最大的是快手可灵AI
即梦AI可联动豆包、Seedream、火山引擎形成技术合力，可灵AI则受限于资源，难以实现跨领域突破，二者技术差距将持续扩大。可灵AI的商业化成绩只是阶段性高点，随着即梦AI全面下沉，其营收增速将快速放缓，甚至出现收入下滑，无法成为快手第二增长曲线。
即梦AI来了，受冲击最大的是快手可灵AI
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滚车轮的人
滚车轮的人
·
02-05
我就纳闷这车标里的蓝色是非保留不可吗
比亚迪李慧预告全新腾势Z9GT：全新“峡湾绿”外观色
IT之家 2 月 5 日消息，比亚迪腾势汽车总经理 @腾势汽车李慧 昨天下午在微博发文宣布，全新腾势 Z9GT 推出全新峡湾绿外观色。目前，李慧暂未公布新车的具体配置及发售日期，IT之家将持续关注。此外，腾势 Z9 GT 还提供前后排压缩机冰箱。
比亚迪李慧预告全新腾势Z9GT：全新“峡湾绿”外观色
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滚车轮的人
滚车轮的人
·
01-30
逗我呢，原料涨价又不是一天两天了，这两天跌价了反而拿这说事，搞笑吗
汽车股走低 比亚迪股份(01211)跌3.73% 汇丰研究指原材料价格急升或在短期为车厂带来成本压力
汇丰环球研究发表研报指，近期金属及记忆体等上游原材料价格急升，预料将在短期内为中国汽车厂商带来显著成本压力，由于电动车的原材料使用密度更高，生产商面临阻力将更大，其中锂价在过去三个月飙升约127%，估计金属材料的价格上涨可能导致每辆车成本增加3,000至5,000元人民币，而记忆体涨价或带来额外1,000至3,000元人民币的成本，直接对电动车的成本结构造成打击。
汽车股走低 比亚迪股份(01211)跌3.73% 汇丰研究指原材料价格急升或在短期为车厂带来成本压力
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滚车轮的人
滚车轮的人
·
2025-10-29
$BYD.HK 20251030 100.00 PUT$
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滚车轮的人
滚车轮的人
·
2025-10-12
仰望的品牌形象就挺好，高端市场不用愁。
比亚迪销量下滑不是问题 糟糕的是高端化受阻
2025年9月销量2024年9月销量所以，在9月销量中比亚迪品牌的跌幅最大，同比下滑超11.4%。之所以比亚迪最终整体销量同比下滑5.5%，是因为方程豹品牌9月销量同比暴增348%，相当于拉了比亚迪品牌一把。而这也是比亚迪目前相比于销量下滑更棘手的问题：高端化受阻。以比亚迪品牌高端车型汉+唐为例，9月销量2.2万辆，同比下滑40%。而产品的高端化，对比亚迪而言，是一个比销量增长更大的考验。
比亚迪销量下滑不是问题 糟糕的是高端化受阻
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滚车轮的人
滚车轮的人
·
2025-10-11
多少有点搞笑，川皇阿兹海默犯了还是缺钱花了？坚持TACO战略就完事了。
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滚车轮的人
滚车轮的人
·
2025-10-09
$哔哩哔哩-W(09626)$
我终于看懂了，原来你才是AI应用最锋利的剑。
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滚车轮的人
滚车轮的人
·
2025-09-30
$快手-W(01024)$
先卖一半，剩下的放飞
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滚车轮的人
滚车轮的人
·
2025-09-30
$快手-W(01024)$
终于等到你
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10:22","market":"hk","language":"zh","title":"即梦AI来了，受冲击最大的是快手可灵AI","url":"https://stock-news.laohu8.com/highlight/detail?id=2610694465","media":"竞合人工智能","summary":"即梦AI可联动豆包、Seedream、火山引擎形成技术合力，可灵AI则受限于资源，难以实现跨领域突破，二者技术差距将持续扩大。可灵AI的商业化成绩只是阶段性高点，随着即梦AI全面下沉，其营收增速将快速放缓，甚至出现收入下滑，无法成为快手第二增长曲线。","content":"<html><body><article><img src=\"https://fid-75186.picgzc.qpic.cn/20260210112711364v15233x1qxnnkdu\"/><p>生成式AI视频赛道的竞争，早已从单一产品比拼，升级为技术基座、组织效率、资本强度与生态闭环的综合较量。</p><p>出品 | 竞合人工智能</p><p>作者 | 竞合</p><p>排版 | 洋洋</p><p>2026年开年，字节跳动即梦AI推出Seedance 2.0多模态大模型，凭借电影级视频生成、原生音画同步、多镜头叙事连贯、角色零突变等核心能力，成为对标OpenAI Sora的国产技术标杆；<a href=\"https://laohu8.com/S/01024\">快手</a>可灵AI同期发布3.0系列模型，继续深耕垂直赛道。市场随即掀起“短视频胜负延伸至AI”“可灵AI全面落后”的讨论，而生成式AI竞争早已超越单一技术比拼，演变为技术、组织、资本、生态的综合博弈。</p><p><strong>01</strong></p><p><strong>技术积累：</strong></p><p><strong>基座型研发vs垂直型深耕，</strong></p><p><strong>长期差距已拉开</strong></p><p>即梦AI走基座型多模态大模型路线，依托字节全栈AI体系，实现文生图、文生视频、图生视频、音画同步一体化生成，核心突破集中在自动分镜叙事、原生音画像素级对齐、跨镜头角色零突变。同时，字节拥有全球最丰富的中文短视频与图文数据，让模型在本土化理解、内容生成上具备不可复制的优势。</p><p>可灵AI则走轻量化垂直优化路线，一年半迭代30余次，在15秒短视频生成、智能分镜等场景具备扎实能力，用户量超6000万，年化收入运行率达2.4亿美元。但核心短板明显：无底层基座大模型支撑，仅聚焦垂直场景优化，无法实现跨模态全域协同，长期存在技术天花板。</p><p>从行业规律看，生成式AI最终比拼的是基础大模型能力，垂直优化的局部优势，极易被基座模型快速覆盖。即梦AI可联动豆包、Seedream、火山引擎形成技术合力，可灵AI则受限于资源，难以实现跨领域突破，二者技术差距将持续扩大。</p><p><strong>02</strong></p><p><strong>组织执行力：</strong></p><p><strong>集中式攻坚vs分散式推进，</strong></p><p><strong>效率决定迭代速度</strong></p><p>AI大模型研发高度依赖组织聚焦与决策效率。字节跳动对AI业务实行战略级集中管控，2025年完成AI架构重组，形成“基础模型+应用产品+算力支撑”一体化体系。即梦AI由剪映牵头，联动抖音、火山引擎，实现研发、落地、推广闭环，决策快、资源集中、内部赛马机制倒逼快速迭代，Seedance 2.0数月便完成研发落地。</p><p>快手AI业务为分散式布局，可灵AI仅作为主业赋能工具，与主站、商业化协同有限，战略优先级偏低、决策链条长、资源倾斜不足。可灵AI虽迭代频繁，但多为功能优化，无底层技术突破，团队规模、人才储备与字节差距显著，难以支撑基座大模型研发。</p><p>在AI“以周迭代”的节奏下，组织效率差距会持续放大，最终形成强者恒强的格局。</p><p><strong>03</strong></p><p><strong>资本投入：</strong></p><p><strong>饱和式投入vs稳健式布局，</strong></p><p><strong>资源划定技术上限</strong></p><p>大模型是典型的资本密集型赛道，算力、人才、数据均需巨额投入。字节将AI定为未来十年核心战略，2025年AI相关投入达1500亿元，2026年计划再投入230亿美元，拥有行业顶尖算力集群与全球人才团队，可为即梦AI提供低成本算力与全域流量支持。</p><p>快手受限于盈利与战略重心，对AI采取稳健量力而行的投入模式，可灵AI研发资金规模远不及字节，算力供给不足、人才吸引力弱，无法承担基座模型的高风险、高成本投入，技术试错空间与成本控制能力全面落后。</p><p>资本投入的断层差距，决定了快手AI概念成长空间有限，难以复制字节的爆发式增长。</p><p><strong>04</strong></p><p><strong>生态协同：</strong></p><p><strong>全域闭环vs垂直绑定，</strong></p><p><strong>商业化前景天差地别</strong></p><p>即梦AI深度嵌入字节全域生态，上游对接豆包、中游联动剪映、下游直通抖音与TikTok，形成“生成-剪辑-发布-传播”全链路，降低创作门槛的同时，坐拥海量天然流量池，可同时覆盖C端大众与B端企业，长期具备千亿级市场潜力。</p><p>可灵AI则高度绑定快手垂直生态，仅服务平台内创作者与企业，场景集中在短视频素材生成，生态封闭、场景单一、用户替代性强。其优势是短期变现快，70%收入来自专业创作者订阅，但用户增长见顶、外部拓展受阻，长期商业化天花板清晰。</p><p>对投资者而言，可灵AI无法支撑快手AI概念的长期估值，短期炒作后大概率面临估值回归。</p><p><strong>05</strong></p><p><strong>理性研判：</strong></p><p><strong>赛道格局分化，</strong></p><p><strong>非输赢而是定位差异</strong></p><p>即梦AI将凭借技术、组织、资本、生态四大优势，成为全球多模态生成AI头部玩家，主导行业标准；可灵AI不会彻底出局，但会退守垂直细分赛道，成为快手生态内的工具型产品，难以在全域赛道与即梦AI抗衡。</p><p>市场应摒弃“短视频胜负延伸AI”的简单逻辑，字节AI是高潜力长期标的，快手AI则是低弹性稳健型业务，盲目跟风炒作极易出现投资亏损。</p><p><strong>06</strong></p><p><strong>商业化真相：</strong></p><p><strong>可灵AI 2.4亿美元ARR，</strong></p><p><strong>高增长不可持续</strong></p><p>可灵AI2.4亿美元的年化收入运行率，看似亮眼，实则增长基础极度脆弱，不具备长期可持续性。其收入高度依赖海外小众创作者与订阅模式，付费率仅1.3%，远低于即梦AI，大众用户渗透基本失败。</p><p>同时，可灵AI算力成本高企，盈利模型脆弱；生态封闭导致用户增长见顶，获客成本持续攀升；技术无壁垒，功能极易被同行对标，在即梦AI的降维打击下，核心优势快速消失。更关键的是，ARR基于单月峰值年化，未计入用户流失与退费，45%的复购率无法支撑长期稳态收入。</p><p>可灵AI的商业化成绩只是阶段性高点，随着即梦AI全面下沉，其营收增速将快速放缓，甚至出现收入下滑，无法成为快手第二增长曲线。</p><p><strong>07</strong></p><p><strong>行业竞争全景：</strong></p><p><strong>视频生成赛道群雄逐鹿，</strong></p><p><strong>格局加速重塑</strong></p><p>当前AI视频生成赛道已形成三大竞争阵营：国际厂商以OpenAI Sora、Runway为代表，技术领先但本土化不足；国内通用大模型厂商如<a href=\"https://laohu8.com/S/02513\">智谱</a>AI、MiniMax等，技术有潜力但生态与商业化薄弱；垂直工具型厂商如万兴、<a href=\"https://laohu8.com/S/00700\">腾讯</a>智影等，易用性强但技术壁垒低、同质化严重。</p><p>即梦AI的出现，直接打破原有竞争平衡，推动行业从分散竞争走向寡头主导，技术、市场、资本资源快速向头部基座型玩家集中。</p><p>总而言之，生成式AI视频赛道的竞争，早已从单一产品比拼，升级为技术基座、组织效率、资本强度与生态闭环的综合较量。即梦AI凭借全栈能力与全域生态，正在重新定义行业的技术标准与竞争边界；可灵AI虽在垂直领域取得阶段性商业化成果，但其增长逻辑脆弱、收入可持续性存疑，长期仍将面临巨头下沉与行业内卷的双重压力。</p><p>对于整个行业而言，基座模型时代的到来，意味着垂直工具的窗口期正在快速关闭。未来的赛道格局，将由掌握底层大模型、<a href=\"https://laohu8.com/S/603138\">海量数据</a>与超级流量生态的玩家主导，而缺乏技术根基与生态支撑的产品，终将在分化中逐步退守、收缩乃至被替代。这不是一时的胜负，而是生成式AI走向成熟过程中，必然发生的格局重塑。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20260210112716663v152p6kn4f2m5mm\"/><p><strong>往期回</strong><strong>顾</strong></p><p>AI红包大战：10亿补贴换不来的入口终局</p><p>印奇的二次冲锋：<a href=\"https://laohu8.com/S/601777\">千里科技</a>在具身智能时代的破局之道</p><p>Kimi K2.5发布即登顶 成本压至Claude 1/5</p><p>腾讯押注AI社交：不是替代，而是重构</p><p>大鱼号：大厂内容赛道的非必要产物</p><p>荣耀失速：一场高端梦的滑铁卢</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>即梦AI来了，受冲击最大的是快手可灵AI</title>\n<style 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href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260210112719a6e898cd&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81024":"快手-WR","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","LU0210526637.USD":"JPM CHINA \"A\" (USD) ACC","BK1610":"ETF&股票定投概念","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","LU1303224171.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) INC","BK1615":"港股-互联网","BK1095":"互动媒体与服务","BK1608":"元宇宙概念","LU1719994722.HKD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (HKD) ACC","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","BK1575":"同股不同权","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC","LU1770034418.SGD":"ALL CHINA EQUITY \"A\" (SGDHDG) ACC","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","BK1591":"就地过年概念","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) 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Sora的国产技术标杆；快手可灵AI同期发布3.0系列模型，继续深耕垂直赛道。市场随即掀起“短视频胜负延伸至AI”“可灵AI全面落后”的讨论，而生成式AI竞争早已超越单一技术比拼，演变为技术、组织、资本、生态的综合博弈。01技术积累：基座型研发vs垂直型深耕，长期差距已拉开即梦AI走基座型多模态大模型路线，依托字节全栈AI体系，实现文生图、文生视频、图生视频、音画同步一体化生成，核心突破集中在自动分镜叙事、原生音画像素级对齐、跨镜头角色零突变。同时，字节拥有全球最丰富的中文短视频与图文数据，让模型在本土化理解、内容生成上具备不可复制的优势。可灵AI则走轻量化垂直优化路线，一年半迭代30余次，在15秒短视频生成、智能分镜等场景具备扎实能力，用户量超6000万，年化收入运行率达2.4亿美元。但核心短板明显：无底层基座大模型支撑，仅聚焦垂直场景优化，无法实现跨模态全域协同，长期存在技术天花板。从行业规律看，生成式AI最终比拼的是基础大模型能力，垂直优化的局部优势，极易被基座模型快速覆盖。即梦AI可联动豆包、Seedream、火山引擎形成技术合力，可灵AI则受限于资源，难以实现跨领域突破，二者技术差距将持续扩大。02组织执行力：集中式攻坚vs分散式推进，效率决定迭代速度AI大模型研发高度依赖组织聚焦与决策效率。字节跳动对AI业务实行战略级集中管控，2025年完成AI架构重组，形成“基础模型+应用产品+算力支撑”一体化体系。即梦AI由剪映牵头，联动抖音、火山引擎，实现研发、落地、推广闭环，决策快、资源集中、内部赛马机制倒逼快速迭代，Seedance 2.0数月便完成研发落地。快手AI业务为分散式布局，可灵AI仅作为主业赋能工具，与主站、商业化协同有限，战略优先级偏低、决策链条长、资源倾斜不足。可灵AI虽迭代频繁，但多为功能优化，无底层技术突破，团队规模、人才储备与字节差距显著，难以支撑基座大模型研发。在AI“以周迭代”的节奏下，组织效率差距会持续放大，最终形成强者恒强的格局。03资本投入：饱和式投入vs稳健式布局，资源划定技术上限大模型是典型的资本密集型赛道，算力、人才、数据均需巨额投入。字节将AI定为未来十年核心战略，2025年AI相关投入达1500亿元，2026年计划再投入230亿美元，拥有行业顶尖算力集群与全球人才团队，可为即梦AI提供低成本算力与全域流量支持。快手受限于盈利与战略重心，对AI采取稳健量力而行的投入模式，可灵AI研发资金规模远不及字节，算力供给不足、人才吸引力弱，无法承担基座模型的高风险、高成本投入，技术试错空间与成本控制能力全面落后。资本投入的断层差距，决定了快手AI概念成长空间有限，难以复制字节的爆发式增长。04生态协同：全域闭环vs垂直绑定，商业化前景天差地别即梦AI深度嵌入字节全域生态，上游对接豆包、中游联动剪映、下游直通抖音与TikTok，形成“生成-剪辑-发布-传播”全链路，降低创作门槛的同时，坐拥海量天然流量池，可同时覆盖C端大众与B端企业，长期具备千亿级市场潜力。可灵AI则高度绑定快手垂直生态，仅服务平台内创作者与企业，场景集中在短视频素材生成，生态封闭、场景单一、用户替代性强。其优势是短期变现快，70%收入来自专业创作者订阅，但用户增长见顶、外部拓展受阻，长期商业化天花板清晰。对投资者而言，可灵AI无法支撑快手AI概念的长期估值，短期炒作后大概率面临估值回归。05理性研判：赛道格局分化，非输赢而是定位差异即梦AI将凭借技术、组织、资本、生态四大优势，成为全球多模态生成AI头部玩家，主导行业标准；可灵AI不会彻底出局，但会退守垂直细分赛道，成为快手生态内的工具型产品，难以在全域赛道与即梦AI抗衡。市场应摒弃“短视频胜负延伸AI”的简单逻辑，字节AI是高潜力长期标的，快手AI则是低弹性稳健型业务，盲目跟风炒作极易出现投资亏损。06商业化真相：可灵AI 2.4亿美元ARR，高增长不可持续可灵AI2.4亿美元的年化收入运行率，看似亮眼，实则增长基础极度脆弱，不具备长期可持续性。其收入高度依赖海外小众创作者与订阅模式，付费率仅1.3%，远低于即梦AI，大众用户渗透基本失败。同时，可灵AI算力成本高企，盈利模型脆弱；生态封闭导致用户增长见顶，获客成本持续攀升；技术无壁垒，功能极易被同行对标，在即梦AI的降维打击下，核心优势快速消失。更关键的是，ARR基于单月峰值年化，未计入用户流失与退费，45%的复购率无法支撑长期稳态收入。可灵AI的商业化成绩只是阶段性高点，随着即梦AI全面下沉，其营收增速将快速放缓，甚至出现收入下滑，无法成为快手第二增长曲线。07行业竞争全景：视频生成赛道群雄逐鹿，格局加速重塑当前AI视频生成赛道已形成三大竞争阵营：国际厂商以OpenAI Sora、Runway为代表，技术领先但本土化不足；国内通用大模型厂商如智谱AI、MiniMax等，技术有潜力但生态与商业化薄弱；垂直工具型厂商如万兴、腾讯智影等，易用性强但技术壁垒低、同质化严重。即梦AI的出现，直接打破原有竞争平衡，推动行业从分散竞争走向寡头主导，技术、市场、资本资源快速向头部基座型玩家集中。总而言之，生成式AI视频赛道的竞争，早已从单一产品比拼，升级为技术基座、组织效率、资本强度与生态闭环的综合较量。即梦AI凭借全栈能力与全域生态，正在重新定义行业的技术标准与竞争边界；可灵AI虽在垂直领域取得阶段性商业化成果，但其增长逻辑脆弱、收入可持续性存疑，长期仍将面临巨头下沉与行业内卷的双重压力。对于整个行业而言，基座模型时代的到来，意味着垂直工具的窗口期正在快速关闭。未来的赛道格局，将由掌握底层大模型、海量数据与超级流量生态的玩家主导，而缺乏技术根基与生态支撑的产品，终将在分化中逐步退守、收缩乃至被替代。这不是一时的胜负，而是生成式AI走向成熟过程中，必然发生的格局重塑。往期回顾AI红包大战：10亿补贴换不来的入口终局印奇的二次冲锋：千里科技在具身智能时代的破局之道Kimi K2.5发布即登顶 成本压至Claude 1/5腾讯押注AI社交：不是替代，而是重构大鱼号：大厂内容赛道的非必要产物荣耀失速：一场高端梦的滑铁卢","news_type":1,"symbols_score_info":{"81024":0.6,"KSTmain":0.6,"01024":1.91}},"isVote":1,"tweetType":1,"viewCount":77,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":529449376129176,"gmtCreate":1770259152235,"gmtModify":1770259155273,"author":{"id":"3544763760420498","authorId":"3544763760420498","name":"滚车轮的人","avatar":"https://static.tigerbbs.com/f19d2958b922ea55948c55702b7512e5","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3544763760420498","idStr":"3544763760420498"},"themes":[],"title":"","htmlText":"我就纳闷这车标里的蓝色是非保留不可吗","listText":"我就纳闷这车标里的蓝色是非保留不可吗","text":"我就纳闷这车标里的蓝色是非保留不可吗","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/529449376129176","repostId":"2609468153","repostType":2,"repost":{"id":"2609468153","kind":"news","pubTimestamp":1770256131,"share":"https://www.laohu8.com/m/news/2609468153?lang=zh_CN&edition=full","pubTime":"2026-02-05 09:48","market":"sh","language":"zh","title":"比亚迪李慧预告全新腾势Z9GT：全新“峡湾绿”外观色","url":"https://stock-news.laohu8.com/highlight/detail?id=2609468153","media":"IT之家","summary":"IT之家 2 月 5 日消息，比亚迪腾势汽车总经理 @腾势汽车李慧 昨天下午在微博发文宣布，全新腾势 Z9GT 推出全新峡湾绿外观色。目前，李慧暂未公布新车的具体配置及发售日期，IT之家将持续关注。此外，腾势 Z9 GT 还提供前后排压缩机冰箱。","content":"<html><body><p>IT之家 2 月 5 日消息，<a href=\"https://laohu8.com/S/BYDDY\">比亚迪</a>腾势汽车总经理 @腾势汽车李慧 昨天下午在微博发文宣布，全新腾势 Z9GT 推出全新<strong>峡湾绿外观色</strong>。</p><p>李慧表示：“GT 之美，美在设计！这一次，我们不止追求姿态，更专注色彩。很多用户朋友们认为腾势 Z9GT 的外观颜色应该更多样化、个性化。所以这次全新腾势 Z9GT 推出全新峡湾绿外观色。马年驭骏马，绿意贯<a href=\"https://laohu8.com/S/605178\">时空</a>！”</p><p><img src=\"https://x0.ifengimg.com/res/2026/C5BD15F447D6C68E7649DB9222ABF3B5019651EF_size48_w640_h623.jpg\"/></p><p>目前，李慧暂未公布新车的具体配置及发售日期，IT之家将持续关注。</p><p>腾势 Z9 GT 于 2024 年 9 月 20 日上市，插混版起售价为 33.48 万元，纯电版起售价为 35.48 万元，这款新车于同年 9 月 26 日在深圳开启首批交付。</p><p>现款腾势 Z9 GT <strong>车身尺寸为 5180*1990mm*1500/1480mm，轴距 3125mm</strong>。新车基于易三方平台打造，是全球首个能同时实现<strong>三电机独立驱动、后轮转向</strong>的技术平台。</p><p>该车配备内嵌式全液晶仪表盘和四辐式多功能方向盘，中控台搭载悬浮式多媒体触控屏，副驾驶前方设有内嵌式娱乐屏并提供零重力座椅。此外，腾势 Z9 GT 还提供前后排压缩机冰箱。</p><p>动力方面，纯电版搭载三电机驱动，最大功率 710kW，续航里程 630km，百公里电耗 15.8 度；插混版搭载 2.0T 插混系统，发动机最大功率 152kW，电机综合最大功率 640kW，综合续航 1100km，亏电油耗每百公里 5.6L。</p><p><img src=\"https://x0.ifengimg.com/res/2026/6E94621EAE2E82ACC74A6528950873E748534EF9_size29_w640_h427.jpg\"/></p></body></html>","source":"fenghuang_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>比亚迪李慧预告全新腾势Z9GT：全新“峡湾绿”外观色</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n比亚迪李慧预告全新腾势Z9GT：全新“峡湾绿”外观色\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-05 09:48 北京时间 <a href=https://tech.ifeng.com/c/8qUXAQfh2tr><strong>IT之家</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>IT之家 2 月 5 日消息，比亚迪腾势汽车总经理 @腾势汽车李慧 昨天下午在微博发文宣布，全新腾势 Z9GT 推出全新峡湾绿外观色。李慧表示：“GT 之美，美在设计！这一次，我们不止追求姿态，更专注色彩。很多用户朋友们认为腾势 Z9GT 的外观颜色应该更多样化、个性化。所以这次全新腾势 Z9GT 推出全新峡湾绿外观色。马年驭骏马，绿意贯时空！”目前，李慧暂未公布新车的具体配置及发售日期，IT之家...</p>\n\n<a href=\"https://tech.ifeng.com/c/8qUXAQfh2tr\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81211":"比亚迪股份-R","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","LU0823039010.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS \"A2\" (USD) INC","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","LU0348766576.USD":"ALLIANZ LITTLE DRAGONS \"A\" (USD) INC","LU0348767384.USD":"ALLIANZLITTLE DRAGONS \"A\" (USD) ACC","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU0543330566.HKD":"TEMPLETON BRIC \"A\" (HKD) ACC","BK0183":"MSCI概念","01211":"比亚迪股份","BK1589":"北水核心资产","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU1868838027.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"8\" (USD) ACC","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","LU2289578879.USD":"ALLIANZ CHINA A OPPORTUNITIES \"AT\" (USD) ACC","LU0348735423.USD":"ALLIANZ 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之美，美在设计！这一次，我们不止追求姿态，更专注色彩。很多用户朋友们认为腾势 Z9GT 的外观颜色应该更多样化、个性化。所以这次全新腾势 Z9GT 推出全新峡湾绿外观色。马年驭骏马，绿意贯时空！”目前，李慧暂未公布新车的具体配置及发售日期，IT之家将持续关注。腾势 Z9 GT 于 2024 年 9 月 20 日上市，插混版起售价为 33.48 万元，纯电版起售价为 35.48 万元，这款新车于同年 9 月 26 日在深圳开启首批交付。现款腾势 Z9 GT 车身尺寸为 5180*1990mm*1500/1480mm，轴距 3125mm。新车基于易三方平台打造，是全球首个能同时实现三电机独立驱动、后轮转向的技术平台。该车配备内嵌式全液晶仪表盘和四辐式多功能方向盘，中控台搭载悬浮式多媒体触控屏，副驾驶前方设有内嵌式娱乐屏并提供零重力座椅。此外，腾势 Z9 GT 还提供前后排压缩机冰箱。动力方面，纯电版搭载三电机驱动，最大功率 710kW，续航里程 630km，百公里电耗 15.8 度；插混版搭载 2.0T 插混系统，发动机最大功率 152kW，电机综合最大功率 640kW，综合续航 1100km，亏电油耗每百公里 5.6L。","news_type":1,"symbols_score_info":{"81211":0.6,"01211":1.86,"002594":1.86,"EVS.SI":0.6,"HYDD.SI":0.6,"BYDDY":1.86}},"isVote":1,"tweetType":1,"viewCount":81,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":527324595114296,"gmtCreate":1769762334876,"gmtModify":1769762337532,"author":{"id":"3544763760420498","authorId":"3544763760420498","name":"滚车轮的人","avatar":"https://static.tigerbbs.com/f19d2958b922ea55948c55702b7512e5","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3544763760420498","idStr":"3544763760420498"},"themes":[],"title":"","htmlText":"逗我呢，原料涨价又不是一天两天了，这两天跌价了反而拿这说事，搞笑吗","listText":"逗我呢，原料涨价又不是一天两天了，这两天跌价了反而拿这说事，搞笑吗","text":"逗我呢，原料涨价又不是一天两天了，这两天跌价了反而拿这说事，搞笑吗","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/527324595114296","repostId":"2607098274","repostType":2,"repost":{"id":"2607098274","kind":"highlight","weMediaInfo":{"introduction":"「金吾财讯」以精准用户需求为切入点，打造一站式港美股投资细分领域品牌。依托战略合作伙伴凤凰网财经，将港美股内容传播到全球华人圈。","home_visible":1,"media_name":"金吾财讯","id":"1086022552","head_image":"https://static.tigerbbs.com/19a93586c3b023ec6ebfed568990555c"},"pubTimestamp":1769751870,"share":"https://www.laohu8.com/m/news/2607098274?lang=zh_CN&edition=full","pubTime":"2026-01-30 13:44","market":"us","language":"zh","title":"汽车股走低 比亚迪股份(01211)跌3.73% 汇丰研究指原材料价格急升或在短期为车厂带来成本压力","url":"https://stock-news.laohu8.com/highlight/detail?id=2607098274","media":"金吾财讯","summary":"汇丰环球研究发表研报指，近期金属及记忆体等上游原材料价格急升，预料将在短期内为中国汽车厂商带来显著成本压力，由于电动车的原材料使用密度更高，生产商面临阻力将更大，其中锂价在过去三个月飙升约127%，估计金属材料的价格上涨可能导致每辆车成本增加3,000至5,000元人民币，而记忆体涨价或带来额外1,000至3,000元人民币的成本，直接对电动车的成本结构造成打击。","content":"<html><body><p>金吾财讯 | 汽车股走低，<a href=\"https://laohu8.com/S/01211\">比亚迪股份</a>(01211)跌3.73%，<a href=\"https://laohu8.com/S/601238\">广汽集团</a>(02238)跌3.17%，<a href=\"https://laohu8.com/S/00175\">吉利汽车</a>(00175)跌3.04%，<a href=\"https://laohu8.com/S/601633\">长城汽车</a>(02333)跌2.36%，<a href=\"https://laohu8.com/S/LI\">理想汽车</a>(02015)跌2.29%，<a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>(09868)跌1.71%，<a href=\"https://laohu8.com/S/601127\">赛力斯</a>(09927)跌1.58%。<a href=\"https://laohu8.com/S/HSBC\">汇丰</a>环球研究发表研报指，近期金属及记忆体等上游原材料价格急升，预料将在短期内为中国汽车厂商带来显著成本压力，由于电动车的原材料使用密度更高，生产商面临阻力将更大，其中锂价在过去三个月飙升约127%，估计金属材料的价格上涨可能导致每辆车成本增加3,000至5,000元人民币，而记忆体涨价或带来额外1,000至3,000元人民币的成本，直接对电动车的成本结构造成打击。该行指，今轮价格上涨主要源于供应瓶颈，相信在消费降级趋势及第一季传统淡季下，车企较难将成本转嫁给对价格敏感度较高的消费者，企业将要通过垂直整合及技术升级来吸收额外成本，亦可能要依靠营运手段，包括与供应商谈判更大幅度的年度降价等。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>汽车股走低 比亚迪股份(01211)跌3.73% 汇丰研究指原材料价格急升或在短期为车厂带来成本压力</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n汽车股走低 比亚迪股份(01211)跌3.73% 汇丰研究指原材料价格急升或在短期为车厂带来成本压力\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086022552\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/19a93586c3b023ec6ebfed568990555c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">金吾财讯 </p>\n<p class=\"h-time\">2026-01-30 13:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>金吾财讯 | 汽车股走低，<a href=\"https://laohu8.com/S/01211\">比亚迪股份</a>(01211)跌3.73%，<a href=\"https://laohu8.com/S/601238\">广汽集团</a>(02238)跌3.17%，<a href=\"https://laohu8.com/S/00175\">吉利汽车</a>(00175)跌3.04%，<a href=\"https://laohu8.com/S/601633\">长城汽车</a>(02333)跌2.36%，<a href=\"https://laohu8.com/S/LI\">理想汽车</a>(02015)跌2.29%，<a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>(09868)跌1.71%，<a href=\"https://laohu8.com/S/601127\">赛力斯</a>(09927)跌1.58%。<a href=\"https://laohu8.com/S/HSBC\">汇丰</a>环球研究发表研报指，近期金属及记忆体等上游原材料价格急升，预料将在短期内为中国汽车厂商带来显著成本压力，由于电动车的原材料使用密度更高，生产商面临阻力将更大，其中锂价在过去三个月飙升约127%，估计金属材料的价格上涨可能导致每辆车成本增加3,000至5,000元人民币，而记忆体涨价或带来额外1,000至3,000元人民币的成本，直接对电动车的成本结构造成打击。该行指，今轮价格上涨主要源于供应瓶颈，相信在消费降级趋势及第一季传统淡季下，车企较难将成本转嫁给对价格敏感度较高的消费者，企业将要通过垂直整合及技术升级来吸收额外成本，亦可能要依靠营运手段，包括与供应商谈判更大幅度的年度降价等。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.szfiu.com/news/20241108/OTEzM2QyMzQzMjc2MzA3OTk2MA==.jpg","relate_stocks":{"80175":"吉利汽车-R","81211":"比亚迪股份-R","82333":"长城汽车-R","601127":"赛力斯","601238":"广汽集团","601633":"长城汽车","LU0823414478.USD":"法巴经典能源转换基金","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","LU0823426308.USD":"法巴中国股票基金","LU0561508036.HKD":"ALLIANZ CHINA EQUITY \"A\" (HKD) INC","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","LU0229945570.USD":"TEMPLETON BRIC \"A\" (USD) ACC","LU1064131003.USD":"FULLERTON LUX FUNDS - 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汽车股走低，比亚迪股份(01211)跌3.73%，广汽集团(02238)跌3.17%，吉利汽车(00175)跌3.04%，长城汽车(02333)跌2.36%，理想汽车(02015)跌2.29%，小鹏汽车(09868)跌1.71%，赛力斯(09927)跌1.58%。汇丰环球研究发表研报指，近期金属及记忆体等上游原材料价格急升，预料将在短期内为中国汽车厂商带来显著成本压力，由于电动车的原材料使用密度更高，生产商面临阻力将更大，其中锂价在过去三个月飙升约127%，估计金属材料的价格上涨可能导致每辆车成本增加3,000至5,000元人民币，而记忆体涨价或带来额外1,000至3,000元人民币的成本，直接对电动车的成本结构造成打击。该行指，今轮价格上涨主要源于供应瓶颈，相信在消费降级趋势及第一季传统淡季下，车企较难将成本转嫁给对价格敏感度较高的消费者，企业将要通过垂直整合及技术升级来吸收额外成本，亦可能要依靠营运手段，包括与供应商谈判更大幅度的年度降价等。","news_type":1,"symbols_score_info":{"80175":0.6,"81211":0.6,"82333":0.6,"601127":1.85,"601238":1.87,"601633":1.86,"00175":1.87,"EVS.SI":0.6,"002594":1.96,"GWLLY":1.86,"09927":1.85,"BYDDY":1.96,"01211":1.96,"02333":1.86,"HYDD.SI":0.6,"02238":1.87,"GELYY":1.87,"HSBC":1.81,"00005":1.81}},"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":494406931939776,"gmtCreate":1761722953049,"gmtModify":1761722966982,"author":{"id":"3544763760420498","authorId":"3544763760420498","name":"滚车轮的人","avatar":"https://static.tigerbbs.com/f19d2958b922ea55948c55702b7512e5","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3544763760420498","idStr":"3544763760420498"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/OPT/BYD.HK 20251030 100.00 PUT\">$BYD.HK 20251030 100.00 PUT$ </a> ","listText":"<a href=\"https://laohu8.com/OPT/BYD.HK 20251030 100.00 PUT\">$BYD.HK 20251030 100.00 PUT$ </a> ","text":"$BYD.HK 20251030 100.00 PUT$","images":[{"img":"https://static.tigerbbs.com/0f49f1071405babb112724259eea2655","width":"882","height":"1668"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/494406931939776","isVote":1,"tweetType":1,"viewCount":1003,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":488443065397536,"gmtCreate":1760275726645,"gmtModify":1760275728981,"author":{"id":"3544763760420498","authorId":"3544763760420498","name":"滚车轮的人","avatar":"https://static.tigerbbs.com/f19d2958b922ea55948c55702b7512e5","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3544763760420498","idStr":"3544763760420498"},"themes":[],"htmlText":"仰望的品牌形象就挺好，高端市场不用愁。","listText":"仰望的品牌形象就挺好，高端市场不用愁。","text":"仰望的品牌形象就挺好，高端市场不用愁。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/488443065397536","repostId":"2574966834","repostType":2,"repost":{"id":"2574966834","kind":"news","pubTimestamp":1760189139,"share":"https://www.laohu8.com/m/news/2574966834?lang=zh_CN&edition=full","pubTime":"2025-10-11 21:25","market":"hk","language":"zh","title":"比亚迪销量下滑不是问题 糟糕的是高端化受阻","url":"https://stock-news.laohu8.com/highlight/detail?id=2574966834","media":"电动1家","summary":"2025年9月销量2024年9月销量所以，在9月销量中比亚迪品牌的跌幅最大，同比下滑超11.4%。之所以比亚迪最终整体销量同比下滑5.5%，是因为方程豹品牌9月销量同比暴增348%，相当于拉了比亚迪品牌一把。而这也是比亚迪目前相比于销量下滑更棘手的问题：高端化受阻。以比亚迪品牌高端车型汉+唐为例，9月销量2.2万辆，同比下滑40%。而产品的高端化，对比亚迪而言，是一个比销量增长更大的考验。","content":"<html><body><article><p>“同比下滑超5%”成为不少媒体报道<a href=\"https://laohu8.com/S/BYDDY\">比亚迪</a>9月销量的标题，并以这是自2024年3月以来的首次同比下滑来进一步佐证<a href=\"https://laohu8.com/S/002594\">比亚迪</a>销量态势的危险。</p><p>客观说，<a href=\"https://laohu8.com/S/01211\">比亚迪</a>销量下滑没必要放大解读，这是物极必反的规律——尤其是，比亚迪自2021年销量大爆发以来，销量的主要支撑是新能源经济型车型，而随着其他厂商的加入，蛋糕被逐步分走是必然的。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20251011215626288v163vlul65ka3z2\"/><p>2025年9月销量</p><img src=\"https://fid-75186.picgzc.qpic.cn/20251011215641679v163o32688xgxqm\"/><p>2024年9月销量</p><p>所以，在9月销量中比亚迪品牌的跌幅最大，同比下滑超11.4%。之所以比亚迪最终整体销量同比下滑5.5%，是因为方程豹品牌9月销量同比暴增348%，相当于拉了比亚迪品牌一把。</p><p>那方程豹品牌从去年5400多辆一下到今年单月销量24000多辆，这的确巨幅增长了，以至于有人报道称，高端品牌的爆发式增长表明比亚迪从性价比策略转向价值提升策略。</p><p>不过，细看数据可以发现，方程豹增长主要靠钛3和刚刚上市的钛7的<span>拉升</span>，两车9月销量分别为8902辆、8128辆，但要知道的是，钛3和钛7入门车型售价在13万元+、17万元+，是泛经济型车型的价格带。换言之，方程豹品牌开始走性价比路线来争取销量了。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20251011215654024v163hm2ytk6c3ho\"/><p>尽管方程豹品牌CEO熊甜波以方程豹并非“硬派越野车品牌而是个性化品牌”来为弱化钛3、钛7以性价比求销量的策略，但不可否认的是，由豹5、豹8建立起来的方程豹的品牌溢价正在被快速稀释。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20251011215657888v163d79t76rbx6s\"/><p>方程豹自诩定位高端品牌，但实际销量的四成是泛15万元车型贡献的，这显然是貌合神离的高端品牌。而这也是比亚迪目前相比于销量下滑更棘手的问题：高端化受阻。</p><p>比亚迪高端化受阻的原因并不复杂，比亚迪形象与产品口碑持续存在较大的争议，尤其是“2023年油箱门事件”爆发以来，越来越多的消费者开始更加理性看比亚迪的技术与产品。尤其是高端车型消费者，他们看重技术、品质的同时，同样看重品牌调性与企业价值观，而在上述方面，恰恰是比亚迪最薄弱的地方。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20251011215708423v163f72kujxwco3\"/><p>去年7月方程豹5销量跌入谷底，与此同时，方程豹品牌官方官降5万元拯救豹5销量，其最终结果是喜忧参半，豹5凭借性价比重回4000多辆的月销量，但却对品牌造成了极大的伤害——这也是为何后续定价相对克制的豹8一直不温不火的原因。</p><p>方程豹以个性化走性价比路线无异于是饮鸩止渴，这无形中对比亚迪品牌都产生了一定影响。以比亚迪品牌高端车型汉+唐为例，9月销量2.2万辆，同比下滑40%。用网友的话说，不是汉、唐性价比不高，而是让方程豹定价策略显得挂比亚迪标的汉、唐不值得买了。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20251011215711975v163bx6rm3gfi9b\"/><p>与方程豹靠低价策略实现销量增长不同是，坚守高端的腾势品牌却有些踌躇不前。</p><p>腾势D9依然是支撑着整个品牌的销量独苗，得益于新能源MPV市场竞争不那么激烈，所以销量维持得还不错。但其他车型销量却每况愈下，N9单月销量从3个月前的4000多辆跌至2000多辆，Z9同比下滑28%，N7更是月销两位数。</p><p>对高端产品来说，品牌形象有多重要呢？比腾势N9上市更晚的同级精品车型领克900，如今的月销量已经是腾势N9的近3倍。</p><p>数据显示，中国新能源乘用车销量，目前主要集中在15-20万元区间，但今年前8月销量同比增长不到7%，而B级、C级车市场的增长率分别为29%和64%。一定意义上说，新能源乘用车市场未来增长潜力主要集中在高端市场：得高端者才能得天下。</p><p>而产品的高端化，对比亚迪而言，是一个比销量增长更大的考验。</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n比亚迪销量下滑不是问题 糟糕的是高端化受阻\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-10-11 21:25 北京时间 <a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251011215727a45ab3a9&s=b><strong>电动1家</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>“同比下滑超5%”成为不少媒体报道比亚迪9月销量的标题，并以这是自2024年3月以来的首次同比下滑来进一步佐证比亚迪销量态势的危险。客观说，比亚迪销量下滑没必要放大解读，这是物极必反的规律——尤其是，比亚迪自2021年销量大爆发以来，销量的主要支撑是新能源经济型车型，而随着其他厂商的加入，蛋糕被逐步分走是必然的。2025年9月销量2024年9月销量所以，在9月销量中比亚迪品牌的跌幅最大，同比下滑超...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251011215727a45ab3a9&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81211":"比亚迪股份-R","SG9999001226.SGD":"UNITED SUSTAINABLE ASIA TOP 50 \"A\" (SGD) ACC","01211":"比亚迪股份","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","LU0531970944.HKD":"HSBC GIF BRIC EQUITY \"AC\" (HKD) ACC","LU1868838027.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"8\" (USD) ACC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0175139822.USD":"AB FCP I Global 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