（文章来源：21世纪经济报道） 人民财讯11月4日电，小鹏科技日在即，小鹏在L4上的布局也将揭开面纱。据悉，为了正式迎接明年L4 级别车型的量产，公司内部在上周（即10月底）正式重启Robotaxi项目，并且开启了内部转岗。"小鹏 内部非常重视这个项目，花重金从业内知名L4级别公司挖来大佬负责这个项目。"一位接近小鹏汽车 Robotaxi项目的知情人士称。 ...

Core Viewpoint - The company is officially restarting its Robotaxi project to prepare for the mass production of L4-level vehicles next year, emphasizing a lightweight operational approach focused on cost-effectiveness [1] Group 1: Project Details - The company has recently initiated internal job transfers to support the Robotaxi project, hiring top talent from well-known L4-level companies [1] - The project will utilize two different SUV models for trial operations and commercial deployment, with high-end models being used in the initial testing phase [1] Group 2: Strategic Focus - The company is shifting from developing a completely new Robotaxi to operating existing models that are currently under research [1] - Investment is primarily directed towards software algorithms and related talent, as the hardware reuse rate is high [1] - The AI infrastructure department has nearly 20 personnel dedicated to the project [1]

Investment Rating - The report maintains a positive outlook on the automotive industry, particularly on the segments of robot components, heavy truck exports, and intelligent autonomous vehicles [5]. Core Insights - The automotive market shows strong demand with a significant increase in wholesale and retail sales, particularly in the new energy vehicle (NEV) sector, which reached a penetration rate of 52.5% in Q3 2025 [5][9]. - The price war in the passenger car segment is easing, leading to improved gross margins for many automakers, including BYD, Changan, and others [5][21]. - The heavy truck market is experiencing a dual boost from domestic sales and exports, with heavy truck sales reaching 21.5 million units in Q3, a year-on-year increase of 65% [5][30]. Summary by Sections Passenger Vehicles - In Q3 2025, wholesale sales of passenger vehicles reached 7.686 million units, up 14.7% year-on-year and 8.1% quarter-on-quarter; retail sales were 6.11 million units, up 6.5% year-on-year and 5.5% quarter-on-quarter [5][9]. - The NEV wholesale volume reached 4.04 million units, a year-on-year increase of 24.5%, with a penetration rate of 52.5%, marking a new high [5][9]. Auto Parts - The auto parts sector is seeing increased profitability differentiation, with overall revenue growth lagging behind the industry due to intensified competition and supply chain pressures [5][21]. - Companies like Bojun Technology and Jifeng Co. have reported better-than-expected performance in Q3 2025 [5]. Heavy Trucks - Heavy truck sales in Q3 reached 21.5 million units, a year-on-year increase of 65%, while exports were 81,000 units, down 1% year-on-year but up 26% quarter-on-quarter [5][30]. - The domestic market is expected to continue growing due to policy support, despite a decline in exports to Russia [5]. Investment Recommendations - The report recommends focusing on robot components, heavy truck export leaders, and intelligent autonomous vehicles, highlighting companies such as Top Group and BYD for investment opportunities [5].

据了解，2025小鹏科技日将于11月5日15:30在广州举行。今年的科技日要发布什么？何小鹏发文称，用 一个词来回答：涌现，Emergence。何小鹏表示，下一个决定性的突破就在物理世界。正如市值突破五 万亿、持续领跑AI算力的英伟达同样坚信的那样——AI的未来不仅存在于代码和屏幕中，更在于成为 人类在物理世界中的延伸与伙伴。这才是AI的终极价值所在。何小鹏还宣布，小鹏在物理AI领域涌现 了惊喜的能力。 评论区中，有网友也对官方的问题作了猜测性回答： 随后，小鹏汽车官方也发文称，Robotaxi，跨越地理边缘，驶向无界之旅。11月5日小鹏科技日，用智 慧重塑世界的版图。 凤凰网科技讯 11月4日，高德将入局Robotaxi并与某车企深度合作一事，这家车企预计为小鹏汽车。其 预计将在明日举行的2025小鹏科技日上公布Robotaxi最新进展，包括发布小鹏首款量产Robotaxi，后者 将搭载首发的遮阳板车外显示；同时，根据预热海报上的"worldwide"一词，预示着小鹏Robotaxi未来将 面向全球市场推广。 ...

11月4日，高德将入局Robotaxi并与某车企深度合作一事，从多渠道获悉，这家车企预计为小鹏汽车。 其预计将在明日举行的2025小鹏科技日上公布Robotaxi最新进展，包括发布小鹏首款量产Robotaxi，后 者将搭载首发的遮阳板车外显示；同时，根据预热海报上的"worldwide"一词，预示着小鹏Robotaxi未来 将面向全球市场推广。另据从高德方面获悉，其Robotaxi进展明天会有消息公布。（蓝鲸新闻） ...

（记者 王晓波） 每经AI快讯，有投资者在投资者互动平台提问：公司是否与特斯拉合作关系？ 中海达（300177.SZ）11月4日在投资者互动平台表示，目前公司车载端软硬件产品已定点应用在吉利、 小鹏、上汽、长城、东风和一汽等汽车制造企业的多款量产新车型。相关业务介绍请参阅公司定期报告 内容。 ...

Group 1 - Starbucks announced a strategic partnership with Boyu Capital to establish a joint venture, selling 60% of its China business for an enterprise value of approximately $4 billion, aiming to expand the number of stores in China from 8,000 to 20,000 [1] - OpenAI's CEO Sam Altman denied rumors of an IPO in 2024, stating that there is no specific date for going public [2] - Weima Automobile hinted at an upcoming event related to new products and services, indicating a recovery in its operations [2] Group 2 - Autohome launched an e-commerce platform to provide a full-service experience for car buyers, integrating online and offline resources [4] - The founder of Quan Guo Fund, Wang Guobin, passed away unexpectedly, having significant contributions to the asset management industry [4] - Didi announced an upgrade to its membership program, enhancing user experience with new benefits [4] Group 3 - Microsoft CEO Satya Nadella indicated the possibility of resuming hiring, contingent on employees acquiring skills to collaborate with AI [5] - Apple delayed the launch of its AI feature "Apple Intelligence" in China, facing technical challenges [7] - Xiaopeng Motors' CEO expressed ambitions to mass-produce robots by 2026, comparing the current state of robotics to early electric vehicles [7] Group 4 - Alphabet plans to issue at least €3 billion in bonds to finance its AI expansion efforts [9] - Apple is set to enhance Siri with Google's Gemini AI, marking a rare collaboration between the two companies [10] - Anshi Semiconductor's factory in Dongguan continues normal operations despite external challenges, with significant orders from clients [12] Group 5 - Changan Ford's chairman Zhu Huarong has stepped down, with Zhao Fei taking over the position [12] - Zhou Dasheng reported a net closure of 560 stores in the past year, primarily affecting franchise locations [13] - Kade Investment is rumored to be considering a merger with Frasers Property, but has not confirmed any details [13] Group 6 - Chipmaker Xinzhenwei completed a multi-hundred million yuan Series A financing round [14] - Kuaishou's subsidiary increased its registered capital significantly, indicating growth in its operations [14] - AI medical imaging company Shukun Technology is preparing for an IPO, aiming to capitalize on favorable market conditions [15] Group 7 - Yujian Robotics launched the Rover X1 home robot, featuring advanced technology for versatile applications [16] - Xingji Power introduced its first humanoid robot, with plans for mass production by 2026 [18] - Huawei's Mate70 Air smartphone was leaked, showcasing its design and features [21] Group 8 - The China Road Transport Association announced that major logistics platforms have implemented real-name registration for freight owners [23] - Global TV shipments fell below 50 million units for the first time in history, with a projected recovery in the fourth quarter [24]

Major Events - Xiaoma Zhixing-W (02026) has set the share price for its offering at HKD 139 [1] - Boleton (01333) has entered into a strategic cooperation with Fujian Rixin, focusing on autonomous driving for mining transportation [1] - Zhaojin Mining (01818) has signed a strategic cooperation memorandum with Ant Group [1] - Yimai Sunshine (02522) subsidiary has signed a data co-construction cooperation agreement with Beijing Xianxing District and Beijing Computing Power [1] - Yaojie Ankang-B (02617) has reached a project cooperation agreement with Neurocrine [1] - Heng Rui Pharmaceutical (01276) plans to include HRS-5965 capsules in the priority review process [1] Financial Data - XPeng Motors-W (09868) delivered 42,013 smart electric vehicles in October, a year-on-year increase of 76%, setting a new monthly delivery record [1] - Fuwai Group (01828) reported a sales revenue of USD 1.935 billion for the first three quarters, a year-on-year increase of 37% [1] - Shenzhen Holdings (00604) recorded total contract sales of approximately CNY 9.838 billion for the first three quarters, a year-on-year increase of 24% [1] - Weigao Group (01066) reported third-quarter revenue of approximately CNY 3.26 billion, a year-on-year growth of about 2.6% [1]

XPeng stock price has held steady in the past few days, moving to a high of $24, its highest point since October 9. It has jumped by over 45% from its lowest level this year. ...

Group 1 - iQIYI and Xpeng Motors saw an increase of over 1% [1] - Bilibili, NetEase, Baidu, and NIO experienced a rise of nearly 1% [1] - JD.com increased by 0.06% and Pinduoduo by 0.03% [1] Group 2 - Alibaba experienced a decline of nearly 1% [1]