IT之家 2 月 1 日消息，小米创办人，董事长兼 CEO 雷军今晚在北京亦庄举行科普直播，揭秘新一代 SU7 的研发过程，并聊到最近几件小米汽车比较热门 的事。 原因很简单，第一个（原因），第一季度是淡季，1 月份一般来说都比 12 月份销量低。第二个（原因），我们初代 SU7 已经停售了，只有零 星的现车、展车、二手车在销售。所以主要交付的全是 YU7，以 YU7 为主，所以这个成绩这个量已经很了不起了。 针对"某些人一直在刷小米汽车 2026 年 1 月交付量环比下降 xxx"的情况，雷军表示这是一种非常不客观的说法。 ...

在北京、上海、南京、武汉 4城，规划了150多个试验室。 北京：小米北京亦庄试验室：大型的综合性试验室。小米北京昌平试验室：智能化试验室。 上海：侧重做开发测试类的试验，比如软件功能、三电。另外还有造型试验室，里面有油泥铣削的设 备，方便快速做 1:1 整车油泥模，让方案快速落地验证。 南京：核心是三电、零部件、整软。 武汉：核心做辅助驾驶。 还有4大极端环境试验基地：吐鲁番（高温）、黑河（高寒）、昆仑山（高原）、海南（高温高湿）。 2个整车综合试验场：安徽广德、江苏盐城，负责整车性能验证及可靠性耐久试验。 目前全国泛化路测：已经覆盖 300 余个城市、2300 余台测试车、累计完成超 2800万公里。 来源： @ 小米汽车 ...

Core Viewpoint - The competition landscape in the automotive industry has shifted in January, with Xiaomi emerging as a new leader, while BYD faces significant domestic sales challenges [2][5]. Group 1: BYD's Performance - BYD reported a total sales volume of 210,051 units in January, representing a year-on-year decline of 30.11% and a month-on-month decline of 50.04% [4][7]. - The domestic sales of BYD reached 109,600 units in January, down 53.22% year-on-year and 61.85% month-on-month, indicating a continuous downward trend since October 2025 [7]. - The reduction in the new energy vehicle purchase tax from full exemption to 5% may have significantly impacted BYD's January sales [4][5]. Group 2: Competitors' Performance - Xiaomi's vehicle deliveries exceeded 39,000 units in January, surpassing Leap Motor for the first time, marking it as the monthly sales champion among new car manufacturers [5][11]. - Other companies like Seres, NIO, and Lantu reported significant year-on-year growth in January, with increases of 104.85%, 96.08%, and 31.29% respectively [5]. - Geely's new energy and fuel vehicle sales both grew in January, with 124,252 and 145,900 units sold respectively, showcasing a dual strategy that BYD lacks [7][10]. Group 3: Financial Strategies - Several automakers, including NIO and Xiaomi, have introduced long-term low-interest financing options to stimulate sales amid declining subsidies [17]. - Xiaomi's financing plan offers a starting down payment of 99,900 yuan and monthly payments as low as 1,931 yuan, aiming to attract more customers [17]. - The recent policy changes extending the personal consumption loan subsidy until the end of 2026 may further influence the competitive landscape by easing consumer purchasing pressure [17].

Core Viewpoint - Xiaomi has introduced new financing options for its YU7 model, including a "7-year low-interest" plan and a "3-year 0-interest" plan, aimed at making the vehicle more accessible to consumers [12]. Financing Options - The "7-year low-interest" plan allows for a down payment starting at 99,900 yuan, with monthly payments as low as 1,931 yuan [6][8]. - An alternative "3-year 0-interest" plan is available for orders placed before February 28, 2026, with a down payment starting at 74,900 yuan and monthly payments starting at 4,961 yuan [8][9]. - A low down payment option is also available, starting at 49,900 yuan, with monthly payments as low as 2,593 yuan [4][12]. Promotional Offers - Customers can enjoy up to 66,000 yuan in limited-time purchase benefits [8]. - Additional features included with the YU7 model are Nappa leather seats, dual zero-gravity seats for the driver and passenger, and an electric front trunk [4]. Sales Performance - In January 2026, Xiaomi reported that the delivery volume of its vehicles exceeded 39,000 units [12].

雷军透露，当他说 YU7 标准版续航很好、CLTC 工况 835 公里时，就有一些人会说："雷军号称多少多 少"，这个标准是一个严谨的科学问题，真的不是他号称的。 雷军在直播中表示，CLTC（IT之家注：China Light-duty Vehicle Test Cycle，中国轻型汽车行驶工况） 是国家主管部门制定的标准工况，旨在测试不同车辆的标准续航，这个标准的测试速度一般是 30km/h 左右，模拟大家平时上下班等各种使用环境。 因此汽车在跑高速、冬季等场景的续航相比 CLTC 工况会有一些打折，当然在这种情况下也有一个专业 名词叫"续航保持率"，而小米在同类车型的这种比赛里往往都是排第一位。 IT之家 2 月 1 日消息，小米创办人，董事长兼 CEO 雷军今晚开办科普直播，揭秘新一代 SU7 的研发过 程，顺便聊聊最近几件小米汽车比较热门的事。 ...

Group 1 - The core message of the news is that Xiaomi's founder and CEO Lei Jun announced the completion of the development of the new generation SU7, which is set to enter mass production, with the first batch of sample cars expected to arrive before the Spring Festival [1] - Xiaomi's automotive division reported a delivery figure of over 39,000 vehicles in January 2026, with an annual delivery target of 550,000 vehicles for the entire year [4] - The new generation SU7 is available for pre-order, with three versions priced at 229,900 yuan for the standard version, 259,900 yuan for the Pro version, and 309,900 yuan for the Max version, reflecting price increases of 14,000 yuan for the standard and Pro versions, and 10,000 yuan for the Max version compared to the previous model [4]

格隆汇2月1日｜比亚迪：1月新能源汽车销量210051辆，同比下降30.11%。 鸿蒙智行：1月交付57915台，同比增长65.6%。 问界汽车：1月交付40016辆，同比增长83%。 理想汽车：1月交付27668辆。 蔚来汽车：1月交付27182台，同比增长96.1% 小米汽车：1月交付超39000台。 零跑汽车：1月交付32059台，同比增长27%。 小鹏汽车：1月交付20011台。 岚图汽车：1月交付10515辆，同比增长31%。 极氪：1月交付23852台，同比增长99.7%。 ...

同时还可以叠加高低温湿热环境和阳光模拟系统，舱内温度可支持-40℃至60℃快速切换，相当于在较 短时间内模拟把车从漠河开到吐鲁番。 在这里通过疲劳加速技术，一辆车通过2-3周的强化测试，可等效用户真实行驶30万公里的损伤，从而 提前识别车辆潜在风险，大幅缩短研发验证周期。 来源：@小米汽车 小米汽车通过载荷采集和迭代技术，将比利时路、减速带、搓板路、方坑路等多种典型强化颠簸路面的 数据，精准复刻至室内台架，通过四个液压激振器（单个推力高达5吨）来驱动车辆振动。 "轮耦合道路模拟试验室"的核心能力是模拟整车在各种颠簸路面上的振动，验证车辆的结构耐久性。 @雷军 直播正在进行中，欢迎大家来直播间一起聊聊天。 ...

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The report highlights various sectors including trendy toys, new tobacco products, home furnishings, paper packaging, personal care, AI glasses, pet food, and 3D printing, indicating a mixed outlook across these industries with some showing signs of recovery while others face challenges Trendy Toys - MINISO has entered the AI companionship market with the development of a humanoid robot named "YOYO" aimed at emotional companionship, with a future price set in the tens of thousands of yuan range [2] - The collaboration between MINISO and the Central Radio and Television Station for the 2026 Spring Festival Gala is expected to boost sales of their co-branded products [2] - Bubble Mart's new product releases and collaborations with popular IPs have generated positive responses on social media, indicating strong market engagement [2][11] New Tobacco Products - Japan Tobacco plans to raise the retail price of heated tobacco products by 20-30 yen (approximately $0.13-$0.19) starting April 1, 2026, in response to tax adjustments [2] - Philip Morris International has submitted evidence to the FDA to support its ZYN nicotine pouch for modified risk tobacco product designation, indicating a growing regulatory framework for new tobacco products [2] Home Furnishings - The domestic real estate market remains weak, with a year-on-year decrease of 29.23% in new home sales and a 7.05% decrease in second-hand home sales as of January 23 [3] - The report notes a significant decline in furniture exports from China, down 8.7% year-on-year in December, while Vietnam's furniture exports increased by 20.5% [3][18] Paper Packaging - As of January 29, prices for various paper products have shown mixed trends, with some prices decreasing significantly due to seasonal demand fluctuations [3][19] - The report indicates that rising aluminum prices may lead packaging companies to adjust their pricing strategies to pass on costs to consumers [3][20] Personal Care and AI Glasses - The export volume of disposable hygiene products from China is expected to grow by 10.43% year-on-year in 2025, with baby diapers being a key export category [4][21] - The global market for AI glasses is projected to reach 16 million units by 2026, indicating a strong growth trajectory for this emerging technology [4][24] Pet Food - Zhongchong Co. plans to repurchase shares worth 100-200 million yuan at a premium, reflecting management's confidence in the company's undervalued stock [5][29] - The pet food industry is experiencing increased competition, leading to higher sales expense ratios, but established brands are expected to maintain their market positions [5][28] AI and 3D Printing - Tuozhu Technology is collaborating with a listed company to develop consumer-grade 3D scanners, enhancing its product matrix in the personal manufacturing sector [5][40] - The report emphasizes the importance of technological advancements and market acceptance for the success of new 3D printing products [5][41]

Group 1 - The core viewpoint of the article highlights the performance of various automotive companies in January, with significant delivery numbers and growth rates reported for several brands [2][3]. Group 2 - Xiaomi's automotive deliveries exceeded 39,000 units in January 2026 [3]. - Li Auto delivered 27,668 vehicles in January 2026 [3]. - Leap Motor achieved total deliveries of 32,059 units in January, marking a 27% year-on-year increase [3]. - Aito's deliveries reached 40,016 units in January, reflecting an 83% year-on-year growth [3]. - Lantu delivered 10,515 units in January 2026, showing a 31% increase [3]. - GAC Toyota's sales in January amounted to 63,648 units [3]. - GAC Trumpchi's terminal sales in January were 26,937 units, with a year-on-year growth of 2.06% [3]. - Great Wall Motors reported total sales of 90,312 units in January 2026, a year-on-year increase of 11.59% [3]. - Geely's brand, Extreme Stone, achieved cumulative deliveries of 1,028 units in January, nearly doubling year-on-year [3].