Corporate News - Xiaomi (1810.HK) announced a software fix for 30,931 of its SU7 electric vehicles in China to address safety concerns related to the assisted driving system following a fatal crash involving the model earlier this year [5][10] - DeepSeek, a Chinese AI firm, revealed that its top AI model cost just $294,000 to train, significantly lower than the tens or hundreds of millions estimated for similar models by U.S. competitors, potentially reshaping the AI development cost debate [6][10] Market Developments - The Nikkei 225 index in Japan surged to a new all-time high of 45,296.21 points, marking a year-to-date gain of nearly 15% despite ongoing U.S. tariff pressures [2][10] - The Indonesian Rupiah declined by 0.3% to 16,550 per U.S. dollar, reaching its lowest level since May 15, coinciding with a downturn in the Indonesia Stock Index, which opened around 7,990 points [3][10] - Malaysia set its October Crude Palm Oil reference price at 4,268.68 RGT/Ton, maintaining a 10% export duty [7]

Core Insights - Xiaomi Auto announced the OTA autumn major version upgrade for its vehicles, with the Xiaomi SU7 and YU7 models receiving the update to Xiaomi HyperOS 1.10.0 starting today [1] Group 1 - Xiaomi Auto's official Weibo account released information regarding the OTA upgrade [1] - The upgrade applies to both the Xiaomi SU7 and YU7 models [1] - The new version being deployed is Xiaomi HyperOS 1.10.0 [1]

小米汽车科技有限公司召回部分SU7标准版电动汽车。 据市场监管总局消息，日前，小米汽车科技有限公司根据《缺陷汽车产品召回管理条例》和《缺陷汽车产品召回管理条例实施办法》的要求，向国家市场 监督管理总局备案了召回计划。决定自即日起，召回2024年2月6日至2025年8月30日生产的部分SU7标准版电动汽车，共计116887辆。 据悉，本次召回范围内部分车辆在L2高速领航辅助驾驶功能开启的某些情况下，对极端特殊场景的识别、预警或处置可能不足，若驾驶员不及时干预可 能会增加碰撞风险，存在安全隐患。 小米汽车科技有限公司将通过汽车远程升级(OTA)技术，为召回范围内的车辆免费升级软件，以消除安全隐患。 今年7月，小米SUV车型YU7正式上市交付。据小米汽车发布的数据，今年7月、8月，小米汽车已连续两个月交付量突破3万辆。 今日，小米集团(01810.HK)股价小幅高开后迅速跳水走低，一度跌超2%，截至发稿，仍有约1.1%的跌幅。 校对：冉燕青 END 潜望系列深度报道丨股事会专栏丨投资小红书丨e公司调查丨时报会客厅丨十大明星私募访谈丨美联储，大消息！丨全线上涨！超级赛道大爆发，批量涨 停！丨A股，再创新纪录！丨中概股 ...

Group 1 - The core issue involves Xiaomi's recall of 116,887 SU7 sedans due to software problems related to highway pilot assisted driving [1] - The recall is prompted by insufficient early warnings when the assisted driving feature is activated, as stated by the market regulator [1]

Core Viewpoint - Xiaomi Auto announced the release of the OTA autumn version upgrade for its vehicles, Xiaomi SU7 and YU7, to the new Xiaomi HyperOS 1.10.0 starting today [1] Group 1 - The OTA upgrade is being rolled out for Xiaomi SU7, with updates already beginning to be pushed [1]

Corporate Developments - Xiaomi is recalling 116,887 SU7 electric vehicles in China due to an issue with the L2 high-speed pilot assist system providing insufficient early warning, with a fix planned through an over-the-air software update [2] Global Market Movements and Currency Fluctuations - Asian stock markets have experienced gains, contributing to a new high for a global equity index, reflecting broader investor optimism [3] - The yield on the Japanese 40-year government bond (JGB) has declined by 1.5 basis points to 3.420%, indicating potential shifts in investor appetite for long-term Japanese debt [3] Currency Markets - The New Zealand Dollar (NZD) and Australian Dollar (AUD) are under pressure due to expectations regarding the Reserve Bank of New Zealand's future interest rate decisions [4] - The Chinese Yuan opened slightly weaker against the U.S. Dollar at 7.1140/USD compared to its previous close of 7.1128, highlighting the sensitivity of regional currencies to central bank policies [4] Commodities and Economic Indicators - Gold prices are holding steady as market participants await signals from the U.S. Federal Reserve regarding monetary policy, indicating a cautious wait-and-see approach by investors [5] - A significant increase in Google searches for "credit card debt" suggests growing consumer financial strain, reaching levels last seen during the 2008 financial crisis, which may indicate potential challenges for household budgets in the U.S. [6] Geopolitical and Legislative Agendas - Indonesia is planning to introduce a tax amnesty bill as part of its 2025 legislative agenda to encourage compliance and boost state revenue [7] - Canada and Mexico are deepening their economic and political cooperation in response to ongoing trade tensions, particularly related to U.S. trade policies [7]

Core Points - Xiaomi Automotive Technology Co., Ltd. has filed a recall plan with the State Administration for Market Regulation, recalling a total of 116,887 units of the SU7 standard version electric vehicles produced between February 6, 2024, and August 30, 2025 [1] - The recall includes two specific models: XMA7000MBEVR2 and XMA7000MBEVR5, totaling 98,462 vehicles, and BJ7000MBEVR2, totaling 18,425 vehicles [2][3] - The recall is due to potential safety hazards related to the L2 highway navigation assistance feature, which may inadequately recognize, warn, or handle extreme scenarios, increasing the risk of collision if the driver does not intervene in time [3] Company Actions - Xiaomi Automotive will utilize over-the-air (OTA) technology to provide free software upgrades to the recalled vehicles to eliminate the identified safety risks [3]

Core Viewpoint - Xiaomi Group's stock price has declined by 2% following the announcement from the State Administration for Market Regulation regarding the recall of certain vehicles from its subsidiary, Xiaomi Automobile Technology Co., Ltd. [1] Group 1 - Xiaomi Automobile Technology Co., Ltd. is recalling a total of 116,887 units of the SU7 standard version [1]

日前，小米集团和小米汽车创始人雷军在回答媒体如何看待小米汽车负面舆论时表示，这是今天面临的一个很痛苦的环境。小米要做好几件事情，第一是谨 言慎行，每一句话都要说得非常准确，因为任何瑕疵都可能被放大。同时还要坚定不移地走自己的路，真正做到领先，做到大家都公认的程度。 过去几年，在国内车市"内卷式"恶性竞争愈演愈烈的大环境下，一些汽车品牌的创始人为了博眼球、冲流量，经常会发出一些惊人之语，大话、假话满天 飞，已经到了语不惊人死不休的地步。各种夸大其词不绝于耳，浮夸之风越刮越烈，甚至到了互相攀比谁吹的牛更厉害。 在这种大环境下，刚刚杀入汽车圈的小米汽车创始人雷军，也说了一些过头的大话，导致了舆论反噬。特别是最近几个月，网络上关于雷军和小米汽车的负 面评论纷至沓来。甚至有人认为，雷军的人设在崩溃，雷军和小米汽车的口碑也陷入危机之中。 雷军是一个成功的企业家，也是一个大网红，自带流量。但是，对于汽车界来说，雷军又是一个新人，需要学习的东西还很多。关于造车，雷军说过一些不 成熟不严谨的话，比如"造车最难的是轮毂"、"16.8亿种驾驶模式"、"200公里时速瞬间刹停"、"车规级纸巾盒"、"端到端自动驾驶"等等。这些说法，要 ...

Group 1 - The core point of the article is that Xiaomi Group's stock has declined nearly 2% following the announcement of a recall plan for its electric vehicles [1] - Xiaomi Auto Technology Co., Ltd. has filed a recall plan with the State Administration for Market Regulation, in accordance with the regulations on defective automotive products [1] - The recall affects a total of 116,887 units of the SU7 standard version electric vehicles produced between February 6, 2024, and August 30, 2025 [1]