对于即将上市的全新小米SU7，雷军介绍称，新车上的电机、电池、电子电气架构、高压架构、底盘等都进行了升级，门把手也是提前符合新国标的安全标 准。对于小米汽车的电子电气架构，据悉，小米YU7采用的是四合一域控制模块，这套系统全部是小米自研的。 而针对外界关心的小米汽车电池是否满足新国标的问题，小米汽车副总裁李肖爽在直播中回复称："（电池）不仅满足（新国标），而且我们远高于新国 标。"雷军也表示，"我们整个电池包在研发过程中，有1000多项实验和测试，其中有不少测试项远高于国标要求，而且在某些标准上要比新国标更严格。" 采写：南都N视频记者 林文琪 2月10日晚，小米董事长兼CEO雷军在直播中宣布，初代小米SU7已完成全部生产计划，正式停产，截至目前，第一代小米SU7总计量产交付超36万辆。"我 们的产线和工厂有一部分正在改造，为新一代SU7做准备。"雷军表示。 与此同时，雷军透露，新一代小米SU7已进入上市前预热阶段，计划于2026年4月正式上市，目前新车已开启预售。同时雷军还提到，新一代SU7卡布里蓝 实车已经在小米汽车工厂店展厅开始展示，2月13日开始将在北京、上海、杭州、广州、深圳、成都、武汉的Mall店 ...

Group 1 - Gold stocks continue to rise, with significant increases in companies such as WanGuo Gold Group (up 9.39%), Zijin Mining (up 3.5%), and Lingbao Gold (up 7.24%), driven by fluctuating gold prices and rising interest rate cut expectations [1][2] - Zijin Mining has approved a three-year production plan for major mineral products from 2026 to 2028, outlining clear production targets [1] - China Duty Free Group reported a 14.71% year-on-year increase in duty-free shopping amounts, totaling 11.585 billion yuan since the policy adjustment [1] Group 2 - Mongol Mining shares rose over 15% during trading, reflecting its transition from a single coking coal producer to a multi-mineral producer, including gold and copper [2] - Semiconductor manufacturer SMIC reported a 12.8% year-on-year increase in Q4 2025 revenue, reaching $2.489 billion, with a 60.7% increase in attributable profit [2] - Health 160 experienced a significant drop of nearly 40%, with its market value falling below 20 billion HKD, indicating a major reversal in its stock performance [2] Group 3 - Xiaomi Group shares increased nearly 5% following a live broadcast by its founder, emphasizing ongoing investments in technology and product development [3] - Zhizhu shares rose over 10% this week, with a cumulative increase exceeding 70%, driven by the launch of a new anonymous model by OpenRouter [3] - Jiantao Group stocks rose due to increased demand for high-end copper-clad laminates driven by AI computing power [3] Group 4 - Jaguar Uranium's stock opened over 35% higher on its debut in the US market but later fell by 23.25%, indicating volatility in its initial trading [4] - NIO shares rose 1.43% as the CEO highlighted significant achievements and future plans for profitability by 2026 [4] - Sohu reported a 6% year-on-year revenue increase in Q4 2025, with a notable reduction in losses compared to the previous year [4] Group 5 - Ferrari's Q4 2025 revenue reached €1.8 billion (approximately $2.14 billion), exceeding expectations, with a positive outlook for 2026 [5] - Philips reported a 1% year-on-year sales increase in Q4, with adjusted EBITA surpassing market expectations, particularly in its personal health segment [5]

Market Overview - The Hong Kong stock market experienced fluctuations, with the Hang Seng Index closing at 23,831 points, down 145 points or 0.61% [1] - The market turnover decreased to 82.799 billion HKD, with net inflows of 484 million HKD recorded in the Hong Kong Stock Connect [1] - The US stock market showed mixed results, with the Dow Jones rising 0.1% to a new closing high, while the S&P 500 and Nasdaq fell by 0.33% and 0.59% respectively [2] Sector Performance - In the Hong Kong market, local real estate, software, and 5G sectors saw significant declines, while gold stocks performed well [1] - Biotechnology and cultural media sectors were active, with the Hang Seng Index rising 0.58% and the Hang Seng Technology Index increasing by 0.62% [1] - Notable stock performances included a 5.5% increase for CSPC Pharmaceutical Group and a 15.4% rise for China Literature [1] Investment Opportunities - The report emphasizes the importance of "technological self-reliance" and AI applications as key themes for future growth in the Hong Kong market, suggesting that leading companies in these sectors may benefit from long-term development opportunities [3] - The report recommends focusing on sectors supported by policies aimed at expanding domestic consumption, such as sports apparel and non-essential services [3] - It highlights the value of investing in state-owned enterprises with relatively low valuations and high dividends across various industries [3] Company Highlights - ByteDance's subsidiary Doubao launched a New Year campaign, distributing red envelopes and promoting AI applications, which may boost demand for upstream GPU and AI chips [9] - Innovent Biologics announced a strategic partnership with Eli Lilly, with a total transaction value of up to 8.85 billion USD, indicating strong market confidence in China's innovative drug pipeline [9] - The report suggests monitoring leading companies in the domestic semiconductor foundry industry, such as Hua Hong Semiconductor and SMIC, as they are expected to benefit from favorable policies [9]

小米创办人，董事长兼CEO雷军表示，小米汽车去年推出的高阶驾驶培训，一共培训了超过1万名 车主。成本很高，人均2000元左右。他提到，去年第一批全部是免费的，今年可能会收个成本价。 ...

IT之家 2 月 11 日消息，在昨晚的小年夜直播中，小米创办人、董事长兼 CEO 雷军谈及新一代小米 SU7 时提到，最后一辆初代小米 SU7 已量产下线，并透 露，初代小米 SU7 量产了接近 37 万辆。 IT之家注意到，雷军今日发文对 SU7 的销售数据作进一步说明：仔细统计了一下，第一代 SU7，2024 年 4 月开始交付到 2026 年 2 月，不到 2 年时间，交付 总量超过了 38.1 万辆。 目前，新一代 SU7 已于 1 月 7 日开启小订。新车提供三个版本，预售价分别为标准版 22.99 万元、Pro 版 25.99 万元、Max 版 30.99 万元。对比老款 SU7， 新一代 SU7 标准版和 Pro 版售价上涨了 1.4 万元，Max 版售价上涨了 1 万元。 KIBOTH 5U7 Frida www.ithome.com ...

2月11日早盘，恒生科技指数震荡拉升，盘中涨超1%，汽车板块表现活跃，比亚迪股份、小米集团、蔚 来、小鹏、理想、零跑等涨幅靠前，规模最大的恒生科技指数ETF（513180）跟随指数上涨。 据小米消息，第一代小米SU7已正式结束生产。截至当前，该车型自2024年4月开启交付以来，累计交 付量已达38.1万辆，整个交付周期不足两年。 除汽车板块外，哔哩哔哩、腾讯音乐表现强势。受字节跳动最新推出的模型seedance2.0影响，传媒行业 近期表现活跃，华鑫证券表示，Seedance2.0推动AIGC进入卡尔达肖夫指数，即内容生产能力的革命性 跃升。 （文章来源：每日经济新闻） ...

Core Insights - Xiaomi's founder Lei Jun introduced the new generation of the SU7 model during a live stream, highlighting significant upgrades in chassis, motor, and battery components, along with enhanced safety features and intelligent driving capabilities [1][12][14]. Product Features - The new SU7 features a more robust chassis, precise steering, and improved grip, with all models equipped with nine airbags and enhanced battery protection [1][14]. - The vehicle includes advanced intelligent driving technology, featuring laser radar, 4D millimeter-wave radar, and 700 TOPS of driving assistance computing power, along with the Xiaomi HAD end-to-end driving assistance system [1][14]. - The new SU7 will be available in three versions: Standard, Pro, and Max, with pre-sale prices set at 229,900 CNY, 259,900 CNY, and 309,900 CNY respectively, reflecting a price increase of over 10,000 CNY compared to the previous generation [12][18]. Compliance and Safety Standards - Xiaomi's SU7 has been designed to meet new national standards for car door handles, which will be enforced starting January 1, 2027, ensuring that each door is equipped with at least one mechanical release handle [1][12]. - The company claims that its battery pack exceeds the new national standards, having undergone over a thousand tests during development [2][12]. Production and Delivery - The last unit of the initial SU7 has been produced, with a total delivery of nearly 370,000 units, marking the end of its production [6][21]. - Xiaomi's automotive division achieved a delivery of over 410,000 units in its first full year, surpassing its annual target by 117% [21]. Market Performance - As of February 10, Xiaomi's stock closed at 35.58 HKD per share, with a total market capitalization of 930.2 billion HKD, reflecting a year-to-date decline of nearly 9.5% [21].

雷军表示，当前销量得益于订单储备厚度与市场认可度，因SU7处于新老切换阶段，本月主力交付车型 为YU7，新一代SU7将于4月上市，2026年品牌整体销量目标为55万辆。而2025年，小米交付量超41万 辆。值得一提的是，小米汽车1月交付量超3.9万辆，成为2026年1月的造车新势力销冠。 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 责任编辑：卢昱君 小米集团-W（01810）盘中涨超5%，截至发稿，股价上涨3.82%，报36.94港元，成交额42.32亿港元。 客户端 小米集团-W（01810）盘中涨超5%，截至发稿，股价上涨3.82%，报36.94港元，成交额42.32亿港元。 2月10日晚间，小米集团创始人、董事长兼CEO雷军小年夜直播在北京亦庄小米汽车工厂内开启。据雷 军透露，最后一辆第一代小米SU7已经下线，并已在运输途中。这也意味着，第一代小米SU7完全停 产。此外，雷军介绍，新一代SU7将从2月13日开始陆续进店，首批会在北京、上海、广州、深圳、杭 州、成都、武汉等地门店展示。 2月10日晚间，小米集团创始人、董事长兼CEO雷军小年夜直播在北京亦庄小米汽车工厂内开启。据雷 军 ...

Core Viewpoint - The automotive industry is experiencing an intense competition with the introduction of "7-year ultra-low interest" car loans by companies like Tesla, NIO, and Xiaomi, alongside Nissan's "0 down payment, 8-year loan" scheme, reflecting the anxiety and strategic shifts in the market as the penetration rate of new energy vehicles exceeds 54% [1][3]. Group 1: Loan Offerings - Dongfeng Nissan has launched a "0 down payment, 8-year ultra-long low-interest loan" for its Tianlai model, with a total cost of approximately 140,000 yuan and a monthly payment of around 55 yuan [2]. - The 8-year loan option has been extended to all models in Dongfeng Nissan's lineup, with the lowest daily payment for the Xuan Yi model being 27 yuan [2]. - Other automotive companies, including Tesla, NIO, and Xiaopeng, have also begun offering similar long-term loan options, breaking away from the traditional 1 to 5-year loan terms [2][3]. Group 2: Market Dynamics - The shift to ultra-long-term low-interest loans is a response to fierce market competition and reflects traditional automakers' anxiety during the critical transition to new energy vehicles [3]. - By 2025, new energy vehicles are projected to account for 50.8% of domestic car sales, indicating a significant market shift [3]. - The regulatory environment has also facilitated longer loan terms, allowing banks to extend personal consumption loans from a maximum of 5 years to 7 years for long-term consumers [3]. Group 3: Risks and Concerns - The ultra-long car loans are primarily offered through financing leasing companies rather than traditional bank loans, which raises potential legal and financial risks for consumers [5][6]. - Consumers may not legally own the vehicle until all payments are made, leading to a situation where they could lose both the vehicle and their payments if they default [6]. - The depreciation of electric vehicles poses a risk, as the residual value may fall below the outstanding loan balance, creating a "negative equity" situation for consumers [6][7].

Core Insights - Xiaomi's founder and CEO Lei Jun announced the completion of the initial production of the first-generation Xiaomi SU7 and introduced the new generation SU7 during a live stream event [1][3] - The new generation SU7 features significant upgrades in core components such as chassis, motor, and battery, and will be showcased in major cities starting February 13 [3] Group 1: Production and Launch - The last unit of the first-generation Xiaomi SU7, in olive green, has officially rolled off the production line, marking the end of its production cycle [3] - The new generation SU7 is fully prepared, with a new color "Capri Blue" displayed in the Xiaomi automotive showroom [3] Group 2: Technical Upgrades - The new generation SU7 includes major upgrades in chassis, motor, and battery, with all models featuring wider tires for improved grip and enhanced chassis tuning for better steering response [3] - Safety features include a structure made from 2200MPa ultra-high-strength steel, reinforced door beams, nine airbags, and a high-strength front beam for battery protection [3] Group 3: Testing and User Safety - The new generation SU7 underwent rigorous testing in extreme conditions, including a -39°C environment, validating its stability and reliability [3] - Lei Jun emphasized the importance of safe driving, especially in icy conditions, and advised users to ensure the ESP stability system is activated [4] Group 4: Customer Support Initiatives - To ensure worry-free travel during the Spring Festival, Xiaomi Automotive launched a special service plan offering 24-hour free roadside assistance and reimbursement for transportation and accommodation costs in case of vehicle breakdowns [4] - During the Spring Festival, all stores, service centers, and online customer service will remain operational, with some cities having available stock for same-day delivery [4]