此外，25款、23款蓝山与全新蓝山智能进阶版是不同的辅助驾驶方案，因硬件差异不支持现有的VLA 大模型的移植。不过公司会持续优化算法，为用户们带来更佳的出行体验。 据介绍，23款指2023年4月13日上市的蓝山DHT-PHEV；25款蓝山指2024年8月21日上市的全新蓝山；智 能进阶版是2025年12月22日上市的蓝山。 同时，25款蓝山可通过软、硬件升级的方式实现尾灯小蓝灯的功能，但后视镜小蓝灯不能实现加装。23 款蓝山因硬件系统限制，不支持升级小蓝灯。 凤凰网科技讯12月25日，长城汽车（601633）魏牌CEO赵永坡发文称，今天将对23款蓝山、高山车型进 行智能座舱系统OTA大升级，新增哨兵模式、灵控球、智能感光、四驱模式专属按钮等；并优化了影像 记录仪、NOH最高车速等部分功能。 ...

Core Insights - The commercialization capability of technology combined with scene applications and stable growth in R&D investment are fundamental elements for Ecovacs' entry into embodied intelligence [1][5] Group 1: Market Trends and Events - CES 2026 will focus on AI hardware, consumer electronics innovation, and automotive technology, with AI hardware expected to be a major topic, particularly edge AI devices and robots [1] - Ecovacs will showcase its embodied intelligence products at CES 2026, marking its continued presence in the service robot sector since its first participation in 2018 [1] Group 2: Product Development and Innovation - Ecovacs has mastered the art of creating "hit products" through technical innovation and integration of scene applications, particularly in the competitive vacuum cleaner market [3] - The X8 product integrates a "washing machine structure + intelligent robot capability," addressing the issue of secondary pollution from cleaning cloths [3][4] - The X11 team has upgraded the OZMO ROLLER 2.0 technology, enhancing cleaning capabilities and user experience, leading to significant sales growth in the X series [4] Group 3: Financial Performance and R&D Investment - Ecovacs' revenue reached 12.877 billion yuan, a year-on-year increase of 25.93%, with net profit growing by 130.55% to 1.418 billion yuan [7] - The company invested 885 million yuan in R&D in 2024, a 7.3% increase, with a total of 2,545 authorized patents, including 713 invention patents [5][6] Group 4: Supply Chain and Manufacturing - Ecovacs has established a complete and mature robot supply chain system, producing nearly 30,000 service robots daily, with over half of the components sourced locally [6][7] - The company plans to invest 200 million yuan in a new manufacturing project for core components in Huzhou, aiming for an annual output of 20 million parts [9] Group 5: Competitive Landscape and Future Outlook - Ecovacs is positioned as a strong competitor in the embodied intelligence sector, leveraging its extensive experience in product development and supply chain management [2][10] - The company aims to enhance its product offerings and market presence in the high-end segment, with a focus on meeting evolving consumer demands [5][11]

Core Viewpoint - The implementation of the new national standard for electric bicycles has led to a significant downturn in sales and market activity, with many retailers struggling to adapt to the changes and consumer dissatisfaction with new products [3][4][5]. Group 1: Market Conditions - Many electric bicycle stores are experiencing a downturn, with some reporting only a few sales of new standard models since their launch [4][5]. - The overall sales volume of electric bicycles in November dropped to 2.21 million units, a year-on-year decline of 28.7% [4]. - Retailers are facing challenges as old standard inventory runs low while new standard models remain unsold, leading to a difficult market environment [5][11]. Group 2: Consumer Sentiment - Consumers express dissatisfaction with new standard electric bicycles, particularly regarding speed limits, increased prices, and inadequate storage space [6][8][10]. - The new standard's speed limit of 25 km/h has been criticized for negatively impacting commuting efficiency, leading to complaints about longer travel times [6][8]. - Price increases for new standard models, often by over 100 yuan, have deterred many consumers from purchasing [6][8]. Group 3: Industry Response - Major brands like Yadea, Aima, and Ninebot are attempting to address consumer concerns and improve product offerings in response to the new standards [11][13]. - The industry is witnessing a consolidation phase, with weaker brands being pushed out of the market, while stronger companies are adapting to the new regulations [17][19]. - The China Bicycle Association acknowledges the need for better communication and understanding of the new standards among consumers and manufacturers [10][19]. Group 4: Future Outlook - Despite current challenges, there is an expectation that prices for new standard electric bicycles may decrease over time as the market stabilizes [8]. - The new standards are seen as a necessary evolution for the industry, aimed at enhancing safety and product quality, which may ultimately benefit stronger brands [19][23]. - The market is anticipated to undergo further changes as companies innovate to meet consumer needs while complying with new regulations [23].

美元/人民币(离) USDCNH 6.99867 高 7.00951 开 7.00730 6.995 买 6.99853 0.16% 7.002 振幅 代 20 -0.00870 -0.12% 日K 月K 分时 五日 車零 围K 不显示指标 ▼ 日线 美 7.16506-7.15330 7.07592 7.03134 6.99853 2025/11/12 2025/09/30 2025/12 12月25日，离岸人民币兑美元升破7.0大关，最高触及6.9985，为2024年9月以来首次。据央行官网12月24日消息，中国人民银行货币政策委员会2025年第四 季度例会于12月18日召开。会议认为，今年外汇市场供求基本平衡，外汇储备充足，人民币汇率双向浮动，在合理均衡水平上保持基本稳定。会议同时指 出，增强外汇市场韧性，稳定市场预期，防范汇率超调风险，保持人民币汇率在合理均衡水平上的基本稳定。 ...

Core Viewpoint - BYD has won a court ruling against social media accounts for spreading false information that harmed its brand reputation, resulting in a compensation of 2 million RMB [1] Group 1: Legal Action - BYD's legal department announced the court's first-instance judgment against the accounts "Long Ge Talks Electric Cars" and "Full Charge New Energy" for fabricating and disseminating false information [1] - The court ordered the defendants to cease infringement, eliminate the negative impact, and compensate BYD 2 million RMB [1] Group 2: Company Response - BYD executive Li Yunfei expressed that the company is open to objective criticism or misunderstandings but will take legal action against malicious defamation from "black public relations" and "black media" [1] - The legal department emphasized that the internet is not a lawless territory and that the company will continue to protect its legal rights through legal means [1] Group 3: Background of the Case - The case originated from a statement issued by BYD's online reporting center on October 30 of the previous year, accusing the mentioned accounts of long-term dissemination of false statements that defamed BYD's brand and products [1]

据了解，一加Turbo系列主打高性能、长续航及全面耐用体验，预计将于新年期间正式亮相。 凤凰网科技讯12月25日，一加中国区总裁李杰正式宣布推出全新Turbo系列，并将其定位为"性能续航超 新星"。该系列旨在普及一加旗舰产品的性能与续航体验，目标成为同档位中游戏性能与续航能力最强 的产品线。 一加表示，在数字系列和Ace系列已获得游戏用户认可的基础上，游戏体验仍是其性能发展的战略方 向。此前推出的165Hz刷新率、风驰游戏内核、电竞三芯等技术已受到职业选手和玩家好评。这些旗舰 技术将首次迅速应用于Turbo系列。 ...

Core Insights - JD Logistics has officially launched its first overseas automated warehouse, the "Smart Wolf Warehouse," in the UK, marking a significant step in its international expansion strategy [1] Group 1: Warehouse Operations - The Smart Wolf Warehouse covers an area of over 3,000 square meters and is equipped with nearly 200 JD Logistics Smart Wolf robots, achieving approximately a 4-fold increase in picking and outbound efficiency [1] Group 2: European Market Expansion - JD's European online retail business, Joybuy, has commenced trial operations in the UK, Netherlands, Germany, France, Belgium, and Luxembourg, offering same-day and next-day delivery services in multiple cities [1] Group 3: Global Logistics Network - Through its "Global Network Plan," JD Logistics operates over 130 overseas warehouses across 23 countries and regions, managing a total area exceeding 1.3 million square meters and has opened several international freight routes [1]

Core Viewpoint - David Ellison, CEO of Paramount, has initiated a $108.4 billion hostile takeover bid for Warner Bros to compete with Netflix, with significant involvement from his father, Larry Ellison, co-founder of Oracle [1][3]. Group 1: Father-Son Partnership - The relationship between David and Larry Ellison has evolved from distant to a strong business partnership, particularly in pursuing major media acquisitions [3][4]. - Larry Ellison has provided a $40.4 billion guarantee for Paramount's acquisition bid, emphasizing the family's commitment to the venture [4]. - The father-son duo consults frequently on business decisions, with discussions often focusing on their media strategy and interactions with political figures like President Trump [5][11]. Group 2: Media Acquisition Strategy - David Ellison's company, SkyDance, initially faced skepticism from Larry but has gained his father's trust and support in recent years [8]. - The acquisition of Warner Bros could significantly expand the Ellison family's media empire, potentially rivaling that of the Murdoch family [13]. - The Ellison family aims to shift CBS News towards a more conservative platform, aligning with their views and political connections [9][10]. Group 3: Political Connections - Larry Ellison's relationship with Trump has become a strategic asset in their media endeavors, as Trump's influence could impact regulatory approvals for acquisitions [11][13]. - Despite their efforts, the anticipated outcomes of their media strategy have not fully materialized, as indicated by Trump's critical remarks about CBS News [14].

Core Viewpoint - The China Automotive Engineering Research Institute (CAERI) successfully held the "2025 Intelligent Chassis Pioneer Plan" testing research results release conference, showcasing benchmark models that excelled in various critical tests [1] Group 1: Testing and Evaluation - The selected benchmark models include the Yangwang U7, NIO ES8, and Zhijie R7, which demonstrated strong technical integration and adaptability in key tests such as slippery handling, emergency stability, and complex road conditions [1] - CAERI conducted real vehicle tests based on eight group standards for intelligent chassis testing, establishing a multi-scenario and multi-dimensional testing system [1] Group 2: Focus on Real-World Application - The testing focused on real-world consumer pain points, including slippery moose tests, simulated tire blowouts, slopes, and continuous curves, assessing the chassis performance in emergency avoidance, response, and overall coordination [1] - The emphasis of the tests was not on extreme data accumulation but on whether the intelligent chassis system can genuinely enhance safety, smoothness, and driver confidence in real scenarios, providing consumers with a reference based on scenario verification [1]

不过，假设政府不再推进关税政策，Gapen指出，大部分关税转嫁到最终消费者价格上的影响应该已经 完成。他写道，"总的来说，我们的预期是通胀趋于稳定，盈利能力基本恢复，经济避免裁员。" 他补充说，他的团队预计，随着2026年中期选举的临近，特朗普政府不会实施新的关税。然而，分析师 们也强调，他们认为企业尚未停止提价。 该行维持其基本观点，即现有关税将推动核心通胀率在2026年初达到3%，消费品价格已经出现了这种 迹象。报告称，"6月至9月的月度消费者价格通胀率出现了明显的上涨，其中CPI和PCE中受关税影响较 大的组成部分有所增加。" 摩根士丹利（Morgan Stanley）首席美国经济学家Michael Gapen最新表示，美国经济或许能够在2026年 避免大规模裁员，但前提是企业在2025年已经提价的基础上，继续提高价格。 他在最新报告中表示，最新的GDP数据显示，企业已经"通过推高产出价格，朝着收回关税成本迈出了 重要一步"，这有助于恢复盈利能力，缓解衰退风险。而根据该投行的调查，美国企业已计划在2026年 进一步提高价格以应对关税。 这位分析师进一步指出，"关税在过去两个季度大幅推高了非劳动力成本"， ...