16只硬科技主题基金同日获批 增量资金来了 11月21日，16只硬科技主题基金同日获批，包括首批7只科创创业人工智能ETF、3只科创板芯片ETF、4只科创板芯片设计主题ETF，以及2只科技主题主动权益类基 金，涉及易方达基金、广发基金、景顺长城基金、摩根资产管理、华宝基金、天弘基金等多家基金管理人。 国内首条大容量全固态电池产线建成 据央视新闻报道，国内已建成首条大容量全固态电池产线，目前正在小批量测试生产。该产线由广汽集团建成，并在行业内率先具备了60安时以上车规级全固态电 池的批量量产条件。据企业研发负责人介绍，目前开发的全固态电池能量密度比现有电池能量密度高了接近一倍。500公里以上续航的车使用之后达到1000公里以 上的续航。计划是2026年可以进行小批量的装车试验。2027年到2030年期间，可以逐步地进行批量生产。 阿里巴巴、美团等将发布财报 重要消息有哪些 MSCI中国指数调整将生效 全球知名指数公司MSCI此前宣布了2025年11月份指数审核结果，此次调整将于11月24日收盘后正式生效。本次调整中，MSCI中国指数新纳入26只中国股票，剔除 20只。 两部门：储蓄国债（电子式）纳入个人养老金产 ...

补齐"标准缺位"短板 汽车芯片认证审查升级 ◎陈铭 记者 邓贞 随着汽车智能化发展持续推进，汽车产业对高可靠、高安全芯片的需求持续攀升。如何构建一套统一、 标准的质量评价体系，已成为国产汽车芯片规模化应用必须跨越的一步。 近日，在市场监管总局召开的国产汽车芯片产业化应用及质量提升"质量强链"成果交流推进会上，升级 版"汽车芯片认证审查技术体系2.0"正式发布，国产汽车芯片审查认证专家库和认证审查数字化平台同 步上线。 升级后的技术体系紧扣当前国产汽车芯片产业化应用的痛点。多位业内人士表示，在智能驾驶加速普 及、整车厂算力需求攀升的背景下，这是对上车验证、场景适配和标准一致性等产业难题的"短板补 齐"，也是驱动行业迈向成熟、产业链发展提质的关键一环。 产业痛点显现： 统一标准缺位，验证成本高企 多位业内人士表示，随着智能座舱、智能驾驶渗透率持续提升，汽车芯片产业逐步从技术验证迈向规模 落地，标准不统一、验证成本高、测试覆盖不足、信任体系缺位等产业痛点随之显现。 痛点之一来自车企准入要求的"各自为战"。"不同车企之间的准入要求差异明显，这就导致同一款芯片 在面对不同车厂的不同要求时，需反复进行应审、适配、测试和材 ...

Investment Rating - The report maintains a "Buy" rating for the automotive sector, anticipating a bottoming and upward trend in Q1 2026 [1]. Core Insights - The automotive sector is currently experiencing a cooling sentiment due to the impact of trade-in quotas, with October retail sales falling below expectations and November expected to perform moderately. The fourth quarter is also anticipated to underperform previous market expectations. However, the sector is expected to find a bottom and begin to rise in Q1 2026, presenting potential investment opportunities for the upcoming year [1][2]. Data Tracking - In early November, the discount rate for vehicles increased to 10.0%, up by 0.4 percentage points month-on-month and 1.5 percentage points year-on-year. The average discount amount rose by 23,103 yuan, with significant fluctuations among major brands [3]. - In October, new energy vehicle deliveries from leading companies showed a notable increase for BYD, which delivered 442,000 units, a month-on-month increase of 11.5% but a year-on-year decrease of 12.1%. Other companies like Leap Motor and Xpeng also reported significant year-on-year growth [3][20]. - Traditional automakers also saw growth in October, with Geely's sales reaching 307,000 units, a year-on-year increase of 35.0% and a month-on-month increase of 12.5% [3][23]. Industry News - The report highlights several key developments in the automotive industry, including the launch of new models and significant sales figures for new energy vehicles. For instance, from November 1 to 16, the retail sales of new energy vehicles reached 554,000 units, a year-on-year increase of 2% [30][31]. - The report also notes the introduction of advanced technologies in new models, such as the Deep Blue L06 and the Xiaopeng X9, which feature cutting-edge battery systems and autonomous driving capabilities [30][31].

11月20日，在由南方财经全媒体集团指导、21世纪经济报道主办的2025新汽车年度盛典上，理想汽车产 品部高级副总裁范皓宇在分享VLA大模型时指出： "VLA司机大模型采用融合强化学习与训练闭环体系的全新架构，可以说是找到了一个辅助驾驶迭代的 新范式，具备空间理解、思维、沟通、记忆和自主学习能力。比如，VLA司机大模型会通过车机屏幕 上的CoT思维链，告诉用户它的各种决策，以及决策背后的逻辑，所以会大大增加用户的安心感。同 时，用户可以通过语音控制辅助驾驶，从用户体验角度来说是颠覆性的改变。这种交互模式是我们聚焦 用户价值的体现，我们认为当下需要通过这种可视化、可沟通的方式，让用户更加信任辅助驾驶。" （视频编辑：许婷婷，实习生余艾憧） 0:00 21世纪经济报道记者何煦阳 报道 ...

Core Insights - The 23rd Guangzhou International Auto Show opened on November 21, showcasing Li Auto's latest models including Li MEGA, i series, and L series, along with advancements in assisted driving technology [1] - Li Auto plans to push innovative VLA charging and defensive AES automatic emergency steering features to the AD Max model, and intends to introduce urban NOA functionality to the upgraded AD Pro model [1] Group 1: VLA Driver Model - The VLA driver model, launched in August 2025, enhances user experience across six dimensions: route selection, speed preference, comfort, sense of security, communication ability, and traffic efficiency [3] - As of now, the VLA driver model has accumulated over 312 million kilometers of driving distance, with a penetration rate increase of 2.2 times and daily active usage rising threefold, indicating its integration into users' daily lives [3] Group 2: VLA Charging Functionality - The VLA driver model's spatial understanding capabilities allow it to autonomously navigate unfamiliar parking lots, remembering key locations and user preferences for parking spots [5] - The VLA charging feature, set to cover over 1,400 Li Auto supercharging stations by January 2026, enables vehicles to autonomously enter and exit charging stations, find available charging spots, and complete payments without a password [5][6] Group 3: Active Safety Features - Li Auto's active safety features have reportedly helped users avoid potential collision incidents 11.31 million times and extreme accidents over 14,000 times as of November 20, 2025 [5] - The defensive AES automatic emergency steering function, which helps users avoid passive collisions, is also set to be fully pushed to AD Max users [6] Group 4: Future Upgrades and Innovations - Future OTA upgrades will enhance Li Auto's smart space and electric platform, introducing new features such as personalized screensavers, pet modes, and improved charging planning [7] - Li Auto is committed to building a full-stack self-research capability around core technologies in artificial intelligence, aiming to become a global leader in AI terminal products [8]

2025年8月，理想汽车率先发布VLA司机大模型，并于9月向AD Max用户全量推送。VLA司机大模型围 绕路线选择、速度偏好、舒适度、安心感、沟通能力、通行效率六个维度，全面提升用户体验。截至目 前，VLA司机大模型行驶里程超过3.12亿公里，里程渗透率提高2.2倍，每日活跃度提升3倍，意味着理 想辅助驾驶已经成为用户生活的一部分。未来，VLA司机大模型将在强化学习的驱动下持续进化，为 用户带来更安全、更舒适、更便捷的体验。 转自：北京日报客户端 2025年11月21日，理想汽车携理想MEGA、理想i系列、理想L系列亮相2025年广州国际汽车展览会，分 享辅助驾驶最新进展与规划。理想汽车计划向AD Max车型推送创新的VLA充电和防御性AES自动紧急 转向功能，并计划向智能焕新版AD Pro车型推送城市NOA功能，推动前沿技术普惠更多用户。 理想汽车产品部高级副总裁范皓宇表示："理想VLA司机大模型在推送后通过强化学习持续进步，行车 体验不断优化，并基于其强大的空间理解能力为用户带来了更优质的泊车和充电体验。全新的VLA充 电功能，让车辆可以自主驶入、驶出超充站，打通了找站充电的'最后100米'，这也是我们 ...

新汽车生态合作，报名中国版CES！ 撰文 | 张 南 编辑 | 黄 大路 设计 | 张小 萌 议程 (包含并不限于以下嘉宾,名单按姓氏笔画为序) 世界新汽车技术合作'含态分会 > © © al S a F E技术合作生态交流会 World New Auto Technology Collaboration Ecosystem Summit 新汽车技术合作生态展 EXHIBITION 第十届铃轩奖盛典 AWARDS 星期五 星期六 苏州知音温德姆至尊酒店 12/4/2025 (12:00-24:00) 凭购票电子二维码到苏州知音温德姆至尊酒店一层签到 并领取入场凭证以及会议资料 DAY1 (12/5/2025) 上午(09:00 正式开始) 主会场:行业专场 一、开幕致辞 可世界新汽车生态协会理事长、轩辕同学校长 第 尤 峥 东风汽车集团有限公司副总经理 郑 衡 衡 汽集团副总经理 陶海龙 上汽大众总经理 吴周涛 北京现代董事长 二、主题演讲 方向:当下企业或行业所面临的新汽车技术合作现状和供应链 发展问题与展望 嘉 宾: 蒋文虎 中国一汽总经理助理、红旗运营委员会副总裁 王 波 吉利汽车副总裁、中央采购总经理 ...

音频版： 两条主线： 理想自身思路/理想车的欣旺达宁德电池到底有没有区别 理想自身思路很明确，为了长期供应链安全考虑，至少得有两家供应商。与此同时，存在一个很强的 舆论场指向宁德的电池更好，导致一定比例的消费者明确偏好花一样的钱，希望优先宁德。 理想一切行动都是基于这个主要矛盾出发的。为了i6顺利发布，决定让销售私下面向用户承诺2025年 的i6都是宁德的电池，由于电池产能不足，2025年11月21日面向i6锁单车主表示，2025年12月开始会 供应欣旺达电池，并额外赠送2年4万公里质保。（没有明确说是否会一直开放可选电池品牌与额外送 质保，推测理想到时候也是走一步看一步） 总得来说，不管理想做什么选择，都有对应的潜在好处坏处，都会有人觉得不好。对理想而言，大致 是三个变量，等待周期；用户是否可选品牌，是否给欣旺达提供额外质保。 直接混装是理想最倾向的方案，对应的坏处是舆情风险不可控。 开放可选品牌的话，能早提车现在是明确的用户价值，但是之后总会进入平稳期，到时候存在不低可 能性，稳态期选宁德比例会过高。 开放品牌可选，且给欣旺达提供额外质保预期可让欣旺达有一个稳定保底比例，具体是多少，其实谁 都不知道，要看 ...

本次展示亮点集中在VLA司机大模型的能力拓展。该模型于2025年8月发布、9月全量推送给AD Max用 户后，截至目前已累计行驶里程超3.12亿公里。 基于这一模型的空间理解与车桩站云体系化能力，理想汽车推出VLA充电功能，可实现车辆自主驶入 超充站、自动寻找空闲充电桩、完成辅助泊车与免密支付，最终自主驶离，打通充电"最后100米"。该 功能计划2026年1月覆盖首批超1400座理想超充站，3月覆盖量将突破2900座。 11月21日，带来全系产品的理想汽车，在广州车展上公布辅助驾驶技术最新进展及OTA升级规划，推出 VLA充电、防御性AES自动紧急转向等创新功能，同时推动城市NOA功能下放，试图通过技术普惠巩 固市场地位。 据悉，理想汽车正围绕自研芯片、智能操作系统、辅助驾驶等核心领域构建全栈自研能力，目标迈向全 球领先的人工智能终端企业。 值得注意的是，在技术密集发布的同时，理想汽车正面临市场竞争压力。在本届广州车展上，华为鸿蒙 智行、零跑等品牌纷纷展示更高算力的智能驾驶硬件与更长续航的增程产品，行业竞争已从"有无之 争"转向"强弱对决"，理想汽车的技术落地效果与市场反馈仍待观察。 理想汽车还宣布后续OTA ...

Group 1: New Energy Vehicles - Evergrande Auto, once a major player in the new energy vehicle sector, is now associated with abandoned land, which may soon be taken over by Guangzhou state-owned enterprises [2] - Li Auto is facing challenges with declining sales and has acknowledged a slowdown in efficiency during a recent strategic meeting, prompting a reevaluation of its product and research strategies [6] Group 2: Consumer Electronics - Anker Innovations, known for its charging products, is facing a significant recall crisis involving over 1.86 million power banks due to safety issues, which has impacted its stock price and market value [3] Group 3: Automotive Market - Honda Fit, once a popular model, has seen its sales plummet to single digits, reflecting a broader decline in the fuel small car market in China [4] Group 4: Real Estate - The real estate sector is undergoing a leadership shake-up, with over 20 companies changing their chairpersons in the past six months, indicating a shift in management to adapt to new industry challenges [5] - Vanke's new chairman has emphasized the importance of market-oriented support from its major shareholder, Shenzhen Metro Group, during a recent shareholder meeting [13] Group 5: Luxury Automotive Market - Maserati has drastically reduced the price of its Grecale Folgore model to 358,800 yuan, indicating increased competition in the luxury car market, particularly from domestic brands [7] Group 6: Technology and Privacy - Xiaomi has responded to allegations regarding its smartwatch's diving capabilities, clarifying that the product in question was not certified for diving, thus addressing concerns about misleading marketing [11] - Starbucks is facing scrutiny for allegedly misusing precise location data from its app to push promotions without user consent, raising privacy concerns [12]