Core Viewpoint - The collaboration between BYD and Huawei in the robotics sector focuses on building an embodied intelligence industry ecosystem, emphasizing technology iteration through supply chain division of labor [1] Group 1: Collaboration Details - BYD's approach involves a "hardware springboard + cloud brain" model, concentrating on algorithm optimization and scene implementation [1] - Huawei aims to enhance ecosystem integration and standard formulation within the partnership [1] Group 2: Company Relationships - BYD is identified as a significant customer for the companies involved, with a specific mention of the servo motor iron cores produced by the company being extensively used in BYD's robotic drive motors [1] - Tongda Power (002576.SZ) confirmed its capability for large-scale production of servo motor iron cores, although it currently supplies iron cores for BYD's electric vehicle drive motors [1]

当地时间16日晚，欧盟委员会公布了一项新议案，拟修改2035年禁售燃油车、柴油车的禁令，放宽新车 碳排放标准，将原本规定的"2035年起，欧盟地区必须销售零排放车辆，二氧化碳排放量减少100%"， 更改为"二氧化碳排放量减少90%"。这意味着，燃油车得到了一定的喘息空间。 此次修改得到了梅赛德斯-奔驰、宝马、Stellantis、大众、雷诺等德系、意系车企的大力支持。他们认 为，当前，欧洲纯电动车面临售价高昂、充电设施不足情况，按这一形势发展，到2035年，欧盟市场的 电动汽车渗透率将难以达到预期，且燃油车仍有一定的空间。 在反对、支持交织的声音中，欧盟的减排目标仍旧任重而道远。 电动化竞争来势汹汹 当前，包括欧洲在内的全球汽车市场正在经历电动化转型变革，燃油车的市场份额被混合动力汽车、电 动汽车等多元化动力形式车型分食。 根据欧洲汽车制造商协会（ACEA）数据，2025年前10个月，欧盟新车注册量同比增长1.4%。其中，混 合动力汽车销量最高，新注册量增长至310.94万辆，占欧盟市场总量的34.6%。而汽油车注册量约为 245.92万辆，市场份额从去年同期的34%下降至27.4%，几乎所有的主要市场新车注 ...

中新网西安12月17日电 (杨英琦)17日，"2025西安民营企业100强"榜单发布。作为推动城市能级提升 的"生力军"、支撑经济稳健运行的"压舱石"，西安民营企业聚链成群，带动产业链协同升级，彰显了该 市民营经济的强劲韧性和蓬勃生机。 《2025西安民营企业100强调研报告》显示，2024年，西安民营企业100强入围门槛为6.99亿元。营业收 入总额合计为6856.48亿元，增幅为1.27%。其中，3家西安民营企业100强入围今年中国民营企业500强 榜单。数据显示，西安民营企业100强创新活力持续迸发，研发费用增至209.03亿元，增幅达50%。 2025西安百强民企整体呈现出规模和效益同步提升、结构和布局持续优化、创新和治理协同增强等良好 发展态势。 从营业收入总额上看，百强民企2024年营业收入总额达6856.48亿元。有11家企业营业收入总额超过百 亿，其中比亚迪汽车有限公司营业收入总额超过千亿元。 从纳税总额来看，百强民企2024年实现的纳税总额为177.58亿元。比亚迪汽车有限公司与陕西信兴铁路 人力资源有限公司位居民营企业100强纳税额前两位。 从员工人数来看，百强民企2024年共容纳就业人数 ...

Group 1 - Xiaomi's CarloT ecosystem has opened to over 30 categories of partners, with initial partners including BYD, GAC Toyota, Great Wall, and Zhengzhou Nissan [2] - The timeline for the CarloT ecosystem includes physical interface and power supply products in 2024, home control by 2025, and vehicle control by 2026 [2] - The first model compatible with Xiaomi's ecosystem, the BYD Fangchengbao Titanium 7, has already been launched [2] Group 2 - The new generation of Xiaomi's SU7 model is expected to launch in Q2 2025 with a price increase of 20,000 yuan [2] - Xiaomi's "on-the-spot selection" feature for car purchases was opened to all users on December 3, 2025, allowing for quick delivery and warranty services [2] Group 3 - BYD has initiated L3-level autonomous driving testing in Shenzhen, completing over 150,000 kilometers of real-world validation [2] - The testing includes various scenarios such as rainy weather and nighttime driving, positioning BYD as one of the first companies to gain L3-level autonomous driving approval in 2024 [2] Group 4 - Lantu Automotive has signed a deep cooperation agreement with CATL to enhance collaboration in new technologies, product supply, and global market synergy [2] - This partnership aims to ensure stable supply and technological leadership in battery technology for Lantu Automotive [2]

大公司： 爱诗科技与阿里云达成全栈AI合作 36氪获悉，12月17日，爱诗科技与阿里云在北京阿里朝阳科技园正式签署全面合作协议。双方将围绕 AI全栈能力与全球化布局，在模型、算力、产品、生态和商业层面建立深度协同，共同打造AI视频生 成领域的先进实践。 腾讯大模型团队架构调整，前OpenAI研究员姚顺雨任要职 36氪独家获悉，腾讯近期完成了一次组织调整，正式新成立AI Infra部、AI Data部、数据计算平台部。 12月17日下午发布的内部公告中，腾讯表示，Vinces Yao将出任"CEO/总裁办公室"首席 AI 科学家，向 腾讯总裁刘炽平汇报；他同时兼任AI Infra部、大语言模型部负责人，向技术工程事业群总裁卢山汇 报。 据了解，Vinces Yao即为数月前入职腾讯的姚顺雨，曾任OpenAI研究员，是OpenAI首批智能体产 品Operator与Deep Research的核心贡献者。 SpaceX已通知员工进入IPO前的静默期 据报道，SpaceX已通知员工进入IPO前的静默期。 浙江省创新投资集团开启社会招聘 36氪获悉，浙江省创新投资集团开启社会招聘。据了解，本次招聘包括管理岗位和专业技术 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 今日（12月17日）午后，A股放量大幅上攻，创业板指大涨3.39%，创近2个月来最大单日涨幅，深证成 指、科创50也均涨逾2%，上证指数、沪深300、上证50等亦涨超1%，市场成交温和放大至1.83亿元。 万和证券认为，市场将震荡上行，"反内卷"政策有效推动市场竞争持续优化，扩内需、保民生等政策落 地带来供需关系的改善，建议关注消费行业的投资机会。此外，高技术制造业继续位于扩张区间，且明 显高于制造业总体水平，行业支撑作用持续显现，建议关注受益于政策和业绩驱动的集成电路、商业航 天板块。 市场热点方面，大金融午后集体异动拉升成为市场上涨主要动力。券商股在13：30左右开始放量，板块 指数约40分钟就由绿盘转为大涨近3%。华泰证券盘中一度冲击涨停，股价创2015年6月以来10年半新高 （复权，下同），收盘涨幅收窄至6.09%；兴业证券、广发证券等涨幅居前。 同一时段，保险板块指数也放量拉升，一度涨近4%，创历史新高。板块内所有个股上涨，中国太保、 新华保险逼近历史最高点，中国人寿、中国平安创年内新高。 银行板块指数午后也一度涨逾1%，多元 ...

Market Overview - The Shanghai Composite Index rose by 1.19% on December 17, with 28 out of 33 sectors experiencing gains, led by the communication and non-ferrous metals sectors, which increased by 5.07% and 3.03% respectively [1] - The automotive sector saw a modest increase of 0.77% [1] - The sectors that declined included agriculture, forestry, animal husbandry, and fishery, defense and military industry, and coal, with declines of 0.54%, 0.20%, and 0.11% respectively [1] Capital Flow Analysis - The net inflow of capital in the two markets was 9.51 billion yuan, with 16 sectors experiencing net inflows [1] - The communication sector had the highest net inflow of 6.45 billion yuan, coinciding with its 5.07% increase [1] - The electronics sector followed with a net inflow of 6.34 billion yuan and a daily increase of 2.48% [1] - Conversely, 15 sectors experienced net outflows, with the defense and military industry leading with a net outflow of 4.87 billion yuan [1] - The retail sector also saw significant outflows, totaling 2.31 billion yuan, along with notable outflows in the automotive, agriculture, forestry, animal husbandry, and fishery, and computer sectors [1] Automotive Sector Performance - The automotive sector had a net outflow of 2.24 billion yuan, with 282 stocks in the sector, of which 178 rose and 97 fell [2] - Notably, 5 stocks had net inflows exceeding 50 million yuan, with Feilong Co. leading at 348 million yuan, followed by Junsheng Electronics and Zhejiang Shibao with inflows of 140 million yuan and 76 million yuan respectively [2] - The stocks with the highest net outflows included Beiqi Blue Valley, with an outflow of 619 million yuan, followed by Sailis and Haima Automobile with outflows of 256 million yuan and 228 million yuan respectively [3] Automotive Sector Inflow and Outflow Rankings - **Inflow Rankings**: - Feilong Co. (10.01% increase, 348 million yuan inflow) [2] - Junsheng Electronics (5.01% increase, 140 million yuan inflow) [2] - Zhejiang Shibao (10.04% increase, 76 million yuan inflow) [2] - **Outflow Rankings**: - Beiqi Blue Valley (-0.85% decrease, 619 million yuan outflow) [3] - Sailis (-1.43% decrease, 256 million yuan outflow) [3] - Haima Automobile (-6.76% decrease, 228 million yuan outflow) [3]

【#比亚迪推进L3量产内测#，#比亚迪已完成15万公里L3级自动驾驶验证#】12月17日，第一财经获 悉，比亚迪已联合深圳市交通局等部门，在深圳开启面向量产的L3级自动驾驶全面内测，目前已完成 超过15万公里的L3级自动驾驶实际道路验证。本次测试覆盖深圳开放的高快速路，兼顾雨天、夜间、 施工等场景工况。 比亚迪于2024年成为国家四部门首批L3级自动驾驶准入及上路通行试点的9家企业之一。（第一财经） ...

Investment Rating - The report does not provide specific investment recommendations for individual companies or suppliers in the smart driving sector [2][5][7]. Core Insights - 2025 marks a pivotal year for automotive intelligence, initiating a three-year cycle that will elevate the domestic electrification penetration rate to 50%-80%+ [2]. - Leading smart driving manufacturers have successfully implemented urban NOA (Navigation on Autopilot) experiences, enhancing complex scenario handling and passenger experience [2]. - The report evaluates the smart driving experiences of seven manufacturers through both large sample and small sample road tests, focusing on various dimensions such as scenario implementation and comfort [2][4]. - The performance gap among manufacturers is narrowing, with second-tier manufacturers improving their capabilities significantly compared to Q1 [2]. Summary by Sections Road Test Overview - The report includes both large sample concentrated road tests and small sample in-depth road tests to assess the smart driving capabilities of various models [4][28]. - The concentrated road test was conducted on a fixed route in Shenzhen, covering complex scenarios such as narrow passages and busy intersections [31][67]. Performance Evaluation - The average takeover frequency across the tests was noted, with specific scores assigned to each vehicle based on their performance in various driving scenarios [36][37]. - The report highlights that the Wanjie M7 achieved the highest overall evaluation score, with an average takeover frequency of 0.47, indicating excellent smart driving performance [36][37]. - The performance of the Wei brand Lanshan and Xiaopeng models was also noted, with average takeover frequencies of 1.83 and 2.40, respectively, showcasing their capabilities in complex scenarios [40][42]. Model-Specific Insights - The report details the specific smart driving versions tested, including Huawei ADS 4.0, Xiaopeng XOS 5.7.8, and others, along with their respective performance metrics [12][14][18][19]. - Each model's strengths and weaknesses in handling various driving scenarios were analyzed, with particular attention to their ability to manage complex urban environments [2][67]. Future Outlook - The report anticipates that the advancements in smart driving technology will continue to evolve, with manufacturers focusing on enhancing their systems to better handle complex driving conditions [2][22].

Core Viewpoint - The lithium battery industry is poised for a significant growth cycle starting in 2026, characterized by strong demand recovery, accelerated global expansion, and disruptive technological advancements, leading to a "spiral rise" in both volume and price [3]. Group 1: Market Outlook - By 2025, global lithium battery production is expected to reach 2250 GWh, with a growth rate of 30% in 2026. The energy storage sector is projected to grow even faster at 48.3%, driven by both domestic and international demand [5]. - There is a notable supply gap in the production of battery cells and key materials, making supply chain stability and efficiency crucial for capitalizing on this growth opportunity [5]. Group 2: Conference Details - The 2026 Lithium Battery Key Materials and Applications Market Summit will be held on March 19-20, 2026, in Changzhou, Jiangsu, organized by Xinluo Information [4]. - The summit will focus on three main topics: 1. In-depth discussions on cutting-edge technologies and market supply-demand dynamics, featuring forums on key materials for lithium batteries and energy storage [5]. 2. Announcement and award ceremony for the "Top Ten Lithium Battery Material Brands of 2025," evaluated based on shipment volume, market share, and customer reputation [6]. 3. B2B procurement matchmaking to connect top battery manufacturers and material suppliers, enhancing resource matching and reducing procurement costs [7]. Group 3: Key Topics and Speakers - The conference will cover various topics, including the analysis of lithium carbonate fundamentals and supply-demand outlook, advancements in solid-state battery electrolytes, and the development of high-performance materials [9][10]. - Notable speakers include representatives from Tianqi Lithium, Liyang Zhongke, and other leading companies in the lithium battery sector [9].