Group 1 - The core message is that Xiaomi Automobile will continue to provide maintenance and repair services for the first-generation SU7 even after its production ceases [2] - Xiaomi Automobile has prepared sufficient spare parts and production capacity from suppliers for the first-generation SU7, ensuring at least 10 years of parts availability [2]

Group 1 - The first generation SU7 has been discontinued, but the company will continue to provide maintenance and service support, ensuring sufficient spare parts availability for at least 10 years [1][9] - The first generation SU7 was delivered from April 2024 to February 2026, with a total delivery exceeding 381,000 units in less than two years [1][9] - The new generation SU7 is currently on display in Beijing and will be showcased in select stores across several cities starting February 13, 2026 [2][10] Group 2 - During the Spring Festival, all Xiaomi car stores will remain open from 9:00 AM to 6:00 PM, providing opportunities for customers to view and test drive vehicles [6][14] - A total of 275 service centers will operate during the holiday, covering 158 cities, offering quick repair services and 24/7 online support [6][14] - Customers are advised to check their vehicle conditions before long trips, including systems like lighting, brakes, and tire pressure, especially in cold weather [7][15]

Core Viewpoint - The article discusses the significant impact of rising storage chip prices on the smartphone industry, particularly affecting mid-range and low-end models, as manufacturers shift focus to higher-margin products due to supply constraints driven by AI infrastructure demand [6][8][19]. Group 1: Market Dynamics - Since the second half of last year, storage chips have experienced a dramatic price surge, with consumer-grade memory modules increasing by over 600%, making them a highly valued investment product [6]. - Major storage chip manufacturers, including Samsung, Micron, and SK Hynix, have reported that their production capacities for DRAM, NAND Flash, and HBM products are fully booked until 2026 [6]. - The demand for HBM memory used in AI chips has led to prioritization in production, squeezing the supply of consumer-grade products and significantly impacting low-end smartphone manufacturers like Transsion [8][10]. Group 2: Financial Impact on Companies - Transsion, known for its cost-effective models, saw a 22.6% revenue increase in Q3 2025, but its net profit dropped by 11%, with a two-percentage-point decline in gross margin [8]. - Other smartphone manufacturers are also adjusting their strategies, with many opting to delay the launch of low-cost models and reducing overall order volumes by 10%-20% for 2026 [10]. - The rising costs of storage components have exposed the vulnerability of mid-range and low-end smartphones, which have less flexibility in pricing and profit margins compared to high-end models [13][14]. Group 3: Pricing Strategies and Market Trends - The average selling price (ASP) of smartphones is projected to exceed $400 for the first time, indicating a shift towards higher-priced models as manufacturers respond to rising component costs [19]. - Companies are likely to either increase prices to maintain margins or lower them to capture market share, particularly as the low-end market continues to shrink [19]. - The ongoing supply constraints and price increases in storage chips may signal the end of the "thousand-yuan phone era," pushing consumers towards higher-end devices [19].

Core Insights - The article discusses the rising prominence of embodied intelligence and robotics, highlighting the increasing interest from both large and small companies, as well as capital investment and media coverage [2][3] - There is a growing expectation for embodied robots to transition from being merely demonstrative to becoming practical tools that enhance productivity in real-world applications [3][4] - Xiaomi's new embodied VLA model, Xiaomi-Robotics-0, addresses critical issues such as the frequent pauses and slow corrections in robotic execution, aiming for greater autonomy and efficiency [7][8] Group 1: Industry Trends - The embodied robotics sector is at a pivotal point, characterized by impressive demonstrations of capabilities while also facing scrutiny regarding their actual value in industrial settings [3][4] - The industry is experiencing a paradigm shift where the focus is on the autonomy of robots, moving beyond human-assisted operations to fully autonomous systems [4][6] Group 2: Xiaomi-Robotics-0 Innovations - Xiaomi-Robotics-0 features three core technological innovations: architecture design, pre-training strategies, and post-training mechanisms, all aimed at enabling robots to understand complex environments and execute actions continuously and accurately [12][13] - The model employs a dual-brain architecture, separating the "brain" for decision-making and the "small brain" for generating continuous action blocks, which enhances the smoothness and precision of robotic movements [16][21] - A two-phase pre-training approach is utilized to maintain the model's visual understanding while training it to perform actions, ensuring that the robot can interpret complex instructions and plan continuous movements [24][30] Group 3: Performance Metrics - Xiaomi-Robotics-0 has achieved outstanding results in various benchmarks, surpassing approximately 30 existing models in environments like LIBERO, CALVIN, and SimplerEnv [44][45] - The model demonstrated a 100% success rate in the Libero-Object task and maintained high throughput in real-world tasks such as towel folding and LEGO disassembly, showcasing its practical capabilities [47][54][57] - The model's performance indicates that it does not sacrifice understanding capabilities for control abilities, maintaining high scores across multiple evaluation metrics [49][58] Group 4: Strategic Direction - Xiaomi's approach in the embodied intelligence field appears to focus on practical applications rather than merely showcasing advanced technology, aiming to address real-world industrial challenges [61][65] - The company has recently open-sourced its models, including TacRefineNet, which enhances fine-grained control without relying on visual input, indicating a commitment to transparency and collaboration within the industry [74][76] - This open-source strategy lowers barriers for smaller developers, allowing them to build upon Xiaomi's foundational work and contribute to the development of specialized applications in robotics [78][79]

Core Viewpoint - The announcement by Xiaomi Auto supports the "Guidelines for Compliance with Pricing Behavior in the Automotive Industry," which aims to regulate competition in the automotive sector and promote high-quality development [1] Group 1 - The National Market Supervision Administration released the "Guidelines for Compliance with Pricing Behavior in the Automotive Industry" on February 12 [1] - The guidelines are an important measure to ensure fair competition in the automotive industry and protect consumer rights [1] - The initiative encourages the industry to transition towards value creation focused on technology and quality [1]

Core Viewpoint - The release of the "Guidelines for Compliance with Pricing Behavior in the Automotive Industry" by the National Market Supervision Administration is a significant measure to regulate competition in the automotive sector and promote high-quality development in the industry, ensuring consumer rights and shifting the focus towards value creation based on technology and quality [1][2]. Company Response - Xiaomi Auto expresses strong support and active response to the guidelines, committing to optimize its pricing management and compliance system in accordance with the guidelines [1][2]. - The company will strictly implement clear pricing requirements and resolutely eliminate price fraud and unfair competition practices [1][2]. - Xiaomi Auto aims to leverage its role in the industry chain to encourage partners to adhere to the guidelines, collaborating with industry peers to maintain fair competition and contribute to the high-quality development of China's automotive industry [1][2].

Core Viewpoint - Goldman Sachs predicts that Xiaomi will invest approximately 10 billion RMB in AI by 2026, positioning Kingsoft Cloud as a major beneficiary of Xiaomi's increased investment in AI development [1] Group 1: Investment and Revenue Projections - Kingsoft Cloud is expected to update its related transaction agreement with Xiaomi by mid-year, which will increase the revenue ceiling from Xiaomi by 10% to 15% for 2026 to 2027 [1] - The annual compound growth rate of revenue from Xiaomi for Kingsoft Cloud is projected to reach 37% from 2025 to 2028 [1] Group 2: Market Reaction - Kingsoft Cloud's stock rose over 4% in pre-market trading, reaching $15.13 at the time of reporting [1]

Group 1 - Xiaomi Auto supports the "Guidelines for Compliance with Pricing Behavior in the Automotive Industry" issued by the State Administration for Market Regulation on February 12, which aims to regulate competition in the automotive industry and promote high-quality development [2][3] - Xiaomi Auto will optimize its pricing management and compliance system in accordance with the Guidelines, ensuring clear pricing and eliminating price fraud and unfair competition [2] - The automotive industry is a crucial pillar of the national economy, with a long supply chain and close ties to consumer life, but it currently faces issues such as non-compliance with clear pricing and price fraud [3] Group 2 - The Guidelines aim to clarify behavioral boundaries and unify regulatory rules, guiding automotive production and sales companies to operate legally and promote a market order characterized by quality and fair competition [3] - Xiaomi's YU7 model achieved the highest national sales in January, with 37,869 units delivered, according to the automotive retail sales ranking from Auto Home [3]

Group 1 - The core viewpoint of the article is that Xiaomi's robotics team has officially entered the open-source phase with the release of the embodied intelligence VLA model "Xiaomi-Robotics-0" [1] - The showcased robot can smoothly perform physical tasks such as folding towels and disassembling blocks, demonstrating continuous motion and responsive actions [2] - Xiaomi's technical homepage, GitHub open-source code, and Hugging Face model weights have all been made publicly available, indicating the company's long-term commitment to the robotics sector and its intention to promote open-source technology and transparency in results [3]

Core Insights - Xiaomi's YU7 model achieved sales of 37,869 units in January, ranking first in the national passenger car retail sales, despite a slight month-on-month decline from December [2][9] - The YU7 is positioned as a "family smart flagship SUV" and is Xiaomi's second mass-produced vehicle, following the SU7 [5] - The overall domestic passenger car market saw significant changes in January, with nearly half of the top 20 models being new energy vehicles, while traditional brands maintained stable market shares [6] Sales Performance - The YU7's sales in January were slightly down compared to December, indicating a solidified position in the mid-to-large SUV segment [9] - In December 2025, the YU7 ranked third in retail sales with 39,089 units, trailing only the Tesla Model Y and BYD Qin PLUS [6] Market Context - January is typically a slow season for the automotive market, with many companies pushing for annual targets in December, leading to a release of pent-up demand [9] - The YU7's performance amidst a backdrop of reduced subsidies and tax adjustments reflects its strong market presence [9] Future Outlook - Xiaomi's cumulative delivery volume approached 600,000 units by early February, with a target of 550,000 units for 2026 and over 410,000 units for 2025, exceeding previous plans [9] - The company plans to launch a new generation of the SU7 in April 2024, with a starting price of 229,900 yuan, and has already opened pre-orders [9] Competitive Landscape - The YU7 competes directly with models like Tesla's Model Y and Li Auto's L series in the mid-to-large SUV market [5] - Tesla's Model Y saw a significant drop in sales in January, with only 16,845 units sold, ranking 20th [6]