编 译 / 钱亚光 设 计 / 赵昊然 来 源 / w w w. b l o o m b e r g . c o . j p , w w w. c l a i m sj o u r n a l . c o m , e g a l c l a r i t y. o r g 业界对于自动驾驶汽车的预期各不相同，有人乐观地认为即将迎来重大突破，而另一些人则悲观地 认为自动驾驶汽车不会大规模上路。 高盛（Goldman）集团表示，自动驾驶汽车的兴起将促使美国规模达4000亿美元的汽车保险业进行 重新调整，因为人为失误导致的事故数量会减少，保险成本也会大幅降低，但关于责任归属的问题 仍存在。 高盛研究部门负责汽车和工业技术的分析师马克·德莱尼（Mark Delaney）在6月9日给客户的一份报 告中写道："从长远来看，自动驾驶技术有可能显著降低事故发生率，并改变事故相关的索赔成本 分布以及法律责任。" 自动驾驶汽车市场发展迅速，预计到2030年将达到70亿美元，到同一年，美国Class 8重型卡车的自 动驾驶虚拟驾驶员潜在市场规模将约为50亿美元。 特斯拉公司期待已久的Robotaxi服务将于本周在其总部得克萨斯州奥斯 ...

Core Viewpoint - The article discusses the recent developments in the Chinese automotive market, highlighting the government's intervention to curb price wars and promote high-quality industry growth through measures such as regulating supplier payment terms [4][6]. Group 1: Market Trends and Performance - From January to April, the profit margin of the Chinese automotive industry was 4.1%, increasing to 4.4% in April, compared to 3.9% in Q1 and 3.5% in March, indicating a positive trend [7]. - In May, the retail sales of passenger vehicles reached 1.932 million units, a year-on-year increase of 13.3% and a month-on-month increase of 10.1%, surpassing the level of 1.81 million units in May 2018 [9]. - Cumulative retail sales from January to May reached 8.811 million units, up 9.1% year-on-year [9]. Group 2: Sales Data and Company Performance - In the first five months, sales of Chinese brand passenger vehicles reached 7.562 million units, a year-on-year increase of 26.3%, accounting for 68.8% of total passenger vehicle sales [10]. - The top ten automotive groups sold 10.708 million units in total, representing 84% of the overall market, with varying performance among individual companies [11]. - In May, BYD sold 382,476 units, a year-on-year increase of 15.35%, while SAIC Group sold 366,000 units, up 10.25% [13][14]. Group 3: Competitive Landscape - The article notes that some companies engaged in aggressive pricing strategies, leading to a temporary surge in market activity, but this has raised concerns about sustainability [12]. - The sales performance of major companies varied, with some like Geely and Changan showing significant growth, while others like GAC and Dongfeng experienced declines [14][39]. - New energy vehicle sales are highlighted as a key growth area, with companies like Changan and BYD reporting substantial increases in this segment [29][37].

Core Viewpoint - Elon Musk has softened his stance towards Donald Trump, indicating a desire to repair their relationship, likely driven by business interests [5][7]. Group 1: Tesla's Robotaxi Initiative - Tesla's Robotaxi project, referred to as "Project Rodeo," is set to begin trial operations on June 22, 2025, with an initial fleet of 10-20 Model Y autonomous taxis [8]. - The project aims to expand to approximately 1,000 vehicles in the coming months, targeting cities like San Francisco and San Antonio [8]. - The Robotaxi initiative represents a significant test of Tesla's long-term autonomous driving strategy, with a focus on system safety, regulatory attitudes, and remote supervision mechanisms [12]. Group 2: Competitive Landscape - Tesla faces increasing competition from Chinese electric vehicle manufacturers such as BYD, Xpeng, and Leap Motor, which are launching cost-effective models with urban and highway capabilities [14][15]. - Chinese companies are rapidly advancing in autonomous driving technology, with Huawei and others entering the market and showcasing L3-level autonomous driving developments [18]. - The cost of sensors in China is significantly lower than in Europe and the U.S., with an average reduction of 40% for cameras, radars, and ultrasonic sensors, and 20% for LiDAR, allowing local manufacturers to penetrate the market aggressively [20]. Group 3: Market Dynamics - Tesla's global sales have been declining, prompting Musk to reassess his business strategy amidst rising tensions with the Trump administration [15]. - The shift in focus towards the Robotaxi concept is critical for Tesla, as it now serves as a core support for its market valuation of approximately $1 trillion [16]. - The competitive pressure from Chinese automakers is intensifying, particularly in the autonomous driving sector, where Tesla is being challenged by companies it previously outperformed [22].

撰 文 / 孟 为 设 计 / 赵昊然 一款车型，消费者能够看到的是价格，是五花八门的配置表，看不到的是一款背后的品质和安全到 底如何。 在电车产品快速迭代的当下，一些品牌将"迭代速度"等同于技术进步，却忽视了车辆全生命周期的 耐久性与可靠性。这显然不是一个品牌、或者一款产品带给消费者的真正价值，它就像镜中花、水 中月，得之易，失之更易。 而广汽丰田，却用自己的实际行动证明，即使在电车产品快速迭代的当下，品质依然很重要。 广汽丰田位于广州南沙的新能源工厂里，一辆经历了32万公里"地狱试验"后的拆解车，诠释了来自 丰田品质的信仰与力量。 32万公里，模拟20年产品使用周期；经历了坏路、高速波状路等各种极限场景；每2000公里模拟切 换符合家庭出行、货物运输等多元负载的配重测试方案；每隔不同的公里数均会对悬架裂纹、后门 机能、车身高差等多个项目进行反复检查；前门开闭10万次+后门开闭5万次测试；120小时喷水防 锈测试；近光灯始终打开保持常亮的电路耐久性试验。 覆盖车架、车身、底盘、电气、驱动/制动系统5大核心品类90种部品，采用46条"军规级"严苛品质 判定基准。 广汽丰田希望用这样一场电车耐久性试验，回归用户 ...

Core Viewpoint - Euro NCAP has announced new safety rating regulations for 2026, establishing updated benchmarks for automotive safety and innovation, particularly focusing on Advanced Driver Assistance Systems (ADAS) [4][5]. Group 1: Changes in Safety Rating Regulations - The Euro NCAP safety rating system, established in 1996, will categorize tests into four key areas: Safe Driving, Collision Avoidance, Collision Protection, and Post-Collision Safety starting January 2026 [5][10]. - The evaluation of driver monitoring systems will be enhanced, with advanced systems that can track driver performance earning up to 25 points, compared to the current 2 points for basic alerts [11]. - Systems that can identify and respond to driver impairment due to substances will also receive scoring incentives [12]. Group 2: Collision Avoidance and Protection - The Collision Avoidance category will include more in-depth testing of systems like Steering Assistance (SA) and Automatic Emergency Braking (AEB), reflecting real-world accident scenarios [15]. - Collision Protection assessments will focus on passive safety features, considering various body types and ages to improve safety for elderly drivers and child passengers [15]. - Post-Collision Safety upgrades will require systems like eCall to include passenger count in emergency messages, even detecting unbuckled passengers [15]. Group 3: New ADAS Testing Methodologies - Euro NCAP is committed to accurately assessing vehicles that meet its stringent standards, as demonstrated in recent tests of the new electric Renault 5 model [18][20]. - The 2024 ADAS testing and evaluation scheme includes nearly 60 pages of criteria based on real-time performance of speed assistance, adaptive cruise control (ACC), and collision avoidance systems [21]. - The "cut-out test" will evaluate how well emergency braking systems respond to sudden lane changes by preceding vehicles, with additional points for successfully avoiding motorcycles and bicycles [22]. Group 4: Testing Equipment and Procedures - Advanced testing equipment, including vehicles equipped with GPS and smart control devices, ensures high repeatability and accuracy in testing scenarios [24][26]. - The testing process involves simulating real-world conditions with foam models representing vehicles, ensuring that the systems can detect and respond to various obstacles [29][31]. - The performance of the Renault 5 during tests met expectations, demonstrating effective emergency braking capabilities [36].

Core Viewpoint - The Chinese automotive market is undergoing a significant structural adjustment, with domestic brands increasing their market share at the expense of foreign brands, which now hold less than 35% of the market [4]. Group 1: Domestic Brand Growth - In 2024, domestic passenger car sales are projected to reach 17.97 million units, accounting for 65.2% of total passenger car sales, an increase of 9.2 percentage points year-on-year [4]. - In April 2025, domestic brands achieved retail sales of 1.15 million units, a year-on-year increase of 31%, with a market share of 65.5%, up 8 percentage points [4]. - From January to April 2025, domestic brands held a retail market share of 64%, an increase of 7.9 percentage points compared to the previous year, particularly gaining in the new energy and export markets [4]. Group 2: Challenges Faced by Foreign Brands - Kia is struggling in the Chinese market due to a lack of clarity in positioning and slow progress in electrification, with only 21.5% of global sales being electric models in 2024 [6]. - Skoda's sales in China fell by 23.1% year-on-year to 17,500 units in 2024, as it is squeezed by both the Volkswagen brand's price cuts and the competitive offerings from domestic brands [9][10]. - Jeep's focus on SUVs has led to a disconnect with Chinese consumer preferences, resulting in a decline in brand presence and market share [11]. Group 3: Global Performance of Foreign Brands - Despite challenges in China, Kia remains strong in its home market and is expanding in North America and Europe, achieving over 3 million global sales in 2024 [20]. - Skoda's global sales reached 926,600 units in 2024, with strong performance in Europe, particularly in Germany, the Czech Republic, and the UK [21]. - Jeep's brand recognition and performance in North America remain robust, with 90% of its global sales coming from this market, totaling 587,800 units in 2024 [23]. Group 4: Lessons Learned - The struggles of foreign brands in China highlight the importance of understanding local consumer preferences and adapting product strategies accordingly [28]. - Successful global strategies require a deep understanding of localization, which encompasses product definition, technology routes, brand communication, and supply chain management [29]. - Brands must recognize their positioning and strengths, focusing on markets that align with their core competencies rather than pursuing broad-scale expansion [29].

Core Viewpoint - Handal Indonesia Motor is positioning itself as a key player in Indonesia's automotive market by capitalizing on the growing presence of Chinese electric vehicles, which poses a threat to traditional Japanese manufacturers and local partners [5][6][18]. Group 1: Company Strategy and Investments - Handal Indonesia Motor has signed an agreement with the Indonesian government to assemble vehicles from 11 Chinese brands, one local brand, and two joint ventures, focusing primarily on electric vehicles [5][6]. - The company is investing 50 trillion IDR (approximately 3.07 billion USD) to build a new factory in Purwakarta, West Java, with a planned capacity of 50,000 vehicles [6]. - The current factory in Bekasi assembles about 14,000 vehicles annually for brands such as Chery, Neta, and local brand Maung [16]. Group 2: Market Dynamics - In 2024, Indonesia's automotive retail sales are projected to decline by 10.9%, yet the market share of Chinese brands, particularly electric vehicles, is expected to rise from 3.4% in 2023 to 6.4% in 2024, reaching 10.4% in the first quarter of 2025 [18]. - Chinese automotive manufacturers are employing smart pricing strategies to gain market share, which has improved their reputation in Indonesia [18]. - Japanese brands are responding to the competition by lowering prices and advising dealers to avoid Chinese brands, indicating a potential price war [21]. Group 3: Political and Social Considerations - Handal's leadership is aware of the political risks associated with potential anti-Chinese sentiment in Indonesia, which has historically been leveraged by the government [26]. - The company maintains a local workforce and limits the employment of foreign workers, which may help mitigate tensions related to foreign investment [26].

Core Viewpoint - The automotive industry is undergoing significant changes as companies like Geely, NIO, and BYD are consolidating brands and focusing on strategic adjustments to survive in a highly competitive market [4][6]. Group 1: Strategic Focus and Transformation - SAIC Motor Corporation has initiated a comprehensive transformation strategy termed "resource focus, grip into a fist" to tackle market challenges, which began in mid-2024 [6][8]. - The new management team, led by Chairman Wang Xiaoqiu and President Jia Jianxu, is focusing on user-oriented transformation and building an SAIC ecosystem [8]. - The merger of the Roewe and Feifan brands marks the beginning of resource integration, which involves a systematic change across personnel, resources, and processes [9][10]. Group 2: Implementation of the "Large Passenger Vehicle" Strategy - By the end of 2024, SAIC plans to implement a comprehensive reform plan that includes five strategic tasks and key measures, emphasizing the importance of self-owned brands [12]. - The establishment of the "Large Passenger Vehicle" segment aims to optimize resource allocation and enhance efficiency, allowing for rapid market response and dynamic adjustments [13][14]. - The integration of R&D resources is expected to break down barriers between brands, leading to faster product development cycles, with a 30% reduction in development time for new energy vehicles [25][26]. Group 3: Market Performance and Growth - From January to May 2024, SAIC achieved a wholesale volume of 1.687 million vehicles, a year-on-year increase of 10.5%, with a notable 62.8% increase in domestic sales in May [30]. - The sales of SAIC's self-owned brands reached 1.081 million units, representing a 21.9% increase, and accounted for 64% of total sales, up 6 percentage points from the previous year [30]. - The implementation of the resource focus strategy has led to a significant increase in operational efficiency, with a 75% commonality rate in parts, reducing production costs and streamlining processes [31][33]. Group 4: Profitability and Future Outlook - In Q1 2025, SAIC reported a net profit of 3.02 billion yuan, reflecting an 11.4% year-on-year increase, demonstrating the effectiveness of the resource focus strategy [34]. - The growth in sales and improved cost management have provided a solid financial foundation for further investments in technology and market expansion, enhancing the company's competitive edge [34].

撰 文 / 牛跟尚 设 计 / s h e l l y 6月5日，世界环境日、中国芒种，这天开始，从全球到中国，都出现空前的舆论躁动。 首先，美国总统唐纳德·特朗普（Donald Trump）与美国企业家、前"政府效率部"负责人、特斯拉 CEO埃隆·里夫·马斯克（Elon Reeve Musk）矛盾公开化。"世界上最有权的人"和"世界上最有钱的 人"从 亲 密无间到骂战不休，彻底撕破脸。 其次，当地时间6月5日晚，印度尼西亚雅加达，中国国家男子足球队客场0:1不敌印度尼西亚队， 中国男足提前一轮确定无缘2026年美加墨世界杯，也宣告国足自2002年韩日世界杯后连续6届冲击 世界杯的梦想破碎。 而在国内江苏，13个地级市的足球超级联赛（"苏超"）凭借独特的运营模式，营造出热烈的主场氛 围，实现赛事与文旅、消费的深度融合，展现出强大的凝聚力与活力。 这背后蕴含的"苏超""天时地利人不和"——看似"敌对"实在富有默契且不越界的竞技精神，是比赛 第一、团结协作的体育精神。 反观汽车产业，6月6日开幕的2025中国汽车重庆论坛上，众多行业大佬的激烈交锋，凸显出中国车 圈另一种"天时地利人不和"。 在这个关键时刻，中国车 ...

Core Insights - The article highlights the significant discrepancies between the advertised and actual range of electric vehicles (EVs), emphasizing that various factors such as temperature, tire condition, and driving speed can affect performance [4][6][10] - Consumer Reports (CR) conducted tests showing that over half of the 30 EVs tested had lower highway range than their EPA estimates, with some models falling short by as much as 50 miles (approximately 80 kilometers) [10][12] - The article calls for a modernization of the EPA's testing standards to provide more accurate and practical information for consumers regarding EV range [17] Testing Methodology - CR performed highway range tests by driving fully charged vehicles at a constant speed of 70 mph (approximately 112 km/h) until the battery was depleted [7][9] - The tests revealed that many vehicles could still travel additional miles even after the range indicator showed zero [9][10] - The testing conditions were controlled to ensure optimal performance, including temperature regulation and tire pressure adjustments [22][21] Findings from Tests - Among the tested vehicles, 18 models (60%) did not meet their EPA estimated range, with the Ford F-150 Lightning showing a 50-mile (approximately 80 kilometers) shortfall [12][16] - Some models exceeded their EPA estimates, such as the BMW iX, which achieved a range of 370 miles (approximately 595 kilometers) compared to an EPA estimate of 309 miles (approximately 497 kilometers) [14] - The Mercedes EQS 580 was noted as the top performer, achieving 380 miles (approximately 611 kilometers) on the highway, slightly exceeding its EPA estimate [14] Charging and Performance Evaluation - CR's evaluation also included assessments of charging speed and convenience, focusing on both AC slow charging and DC fast charging capabilities [24][26] - The ease of use of charging interfaces and the availability of navigation features to locate charging stations were also considered important factors in the overall assessment [25][26] - The article emphasizes that the charging experience is critical for consumers, as they may interact with charging interfaces more frequently than with traditional fuel pumps [26]