Group 1 - Alibaba Group has decided to support the independent listing of its chip company, T-head, with no comments from Alibaba at this time [1] - T-head's self-developed GPU chip, named PPU, features 96GB of HBM2e memory, a bandwidth of 700GB/s, and a power consumption of only 400W, surpassing Nvidia's A800 and mainstream domestic GPUs [1] - The first generation of T-head's PPU matches the performance of Nvidia's popular H20, while the upgraded version outperforms Nvidia's A100, leading to high demand in the market [1] Group 2 - Apple has expanded hardware chief John Ternus's responsibilities to include design management, signaling his potential as a successor to CEO Tim Cook [2] - Ternus's new role encompasses critical functions that have historically been held by senior leaders, emphasizing the importance of product design in Apple's success since the Steve Jobs era [2] Group 3 - UTree Technology reported that its humanoid robot shipments exceeded 5,500 units in 2025, with over 6,500 units of the main body produced, clarifying that these figures only include humanoid robots [4] - UTree emphasized the importance of not conflating different types of robots when comparing shipment numbers [4] Group 4 - Xiaomi Group announced a share buyback plan of up to HKD 2.5 billion, set to begin on January 23, 2026, and aims to demonstrate confidence in its business outlook [6][7] - The buyback will end on the earliest of the day before the 2026 annual shareholder meeting, when the buyback amount reaches HKD 2.5 billion, or if terminated under the brokerage agreement [6] Group 5 - BYD's brand and public relations manager stated that the company has been a major victim of black public relations and will pursue legal action against false information and malicious attacks [8] - BYD recently won a court case against a blogger for spreading false information, resulting in a compensation order of CNY 2.01 million [8] Group 6 - Vivo has reportedly halted its AI glasses project after six months of secret preparation, as executives determined that differentiation in the current market is challenging [9] - Following the project cancellation, Vivo will continue to focus on mixed reality (MR) technology [9] Group 7 - Meitu announced a stock reward of 1,357 shares for each employee, totaling over CNY 20 million, marking the third time since its IPO in 2016 that it has issued stock rewards to all employees [10] - The stock price has risen from below HKD 1 to over HKD 8, reflecting the company's improved performance [10] Group 8 - Hyundai Motor Group plans to deploy humanoid robots, specifically the Atlas robot developed by Boston Dynamics, with a factory set to produce 30,000 units annually by 2028 [11] - The announcement led to a positive market reaction, with Hyundai's stock reaching new highs, although the labor union expressed concerns about potential job losses due to automation [11] Group 9 - Nvidia's CEO Jensen Huang stated at the Davos Forum that the investment in AI infrastructure is just beginning, with several trillion dollars needed to fully develop the ecosystem [18] - Huang compared the investment in AI infrastructure to historical large-scale infrastructure projects, emphasizing the long-term vision for AI development [19]

证券代码：002594 证券简称：比亚迪 比亚迪股份有限公司 问题三：公司在汽车智能化上的进展？ 答：智能化作为新能源汽车行业发展的下半场，公司切实落实"整 车智能"战略，构建起"天神之眼"技术矩阵。截至 2025 年 12 月底，公司辅助驾驶车型保有量超 256 万辆、天神之眼辅助驾驶 每天生成数据超 1.6 亿公里。通过规模优势驱动数据快速积累， "天神之眼"算法加速迭代，实现越开越好开，越用越安全。根 据比亚迪用户年度出行报告，2025 年全年用户智能泊车激活比 例高达 85.97%、辅助驾驶激活比例高达 94.13%，AEB（自动紧 | 急刹车系统）触发次数 万次。公司将持续推进辅助驾驶的研 933 | | --- | | 发，持续进步以满足广大用户的需求。 | | 问题四：公司以创新为核心，通过哪些具体举措凸显科技属性， | | 传递技术理念？ | | 答：公司以创新为核心驱动力，持续不断地推出一系列具有原创 | | 性、颠覆性的技术和产品，坚定不移地推动全球绿色可持续发展， | | 致力于在解决社会问题的过程中发展自己。 | | 技术是品牌的底色，公司致力于把一项项领先的核心技术打造成 | | 一 ...

Core Viewpoint - BYD has successfully sued automotive blogger Yao*qiang for defamation, resulting in a court ruling that requires Yao*qiang to compensate BYD 2.01 million yuan for spreading false information about the company's Fangchengbao vehicle [1][4]. Group 1: Case Background - The dispute originated from a vehicle review conducted by Yao*qiang after the launch of BYD's Fangchengbao model Leopard 5 in November 2023, where he claimed a fuel consumption of 18 liters per 100 kilometers, significantly higher than the official figure of 7.8 liters [3]. - Yao*qiang's review sparked public debate, with some netizens suggesting that the claimed fuel consumption was based on extreme driving conditions, including speeding [3]. Group 2: Evidence and Legal Proceedings - BYD collected data from the vehicle's backend, revealing that on the day of the test, the car exceeded 180 km/h on three segments and 170 km/h on six segments, contradicting Yao*qiang's claims of adhering to speed limits [3]. - Following the investigation, BYD filed a lawsuit on May 24, 2024, seeking a public apology and 5 million yuan in damages, although the video in question had already been removed from Yao*qiang's account [4]. Group 3: Company Stance and Previous Actions - BYD's public relations director reiterated the company's commitment to protecting its rights and mentioned a reward of up to 5 million yuan for information on malicious public relations activities [6]. - This lawsuit is not BYD's first action against online defamation; in November 2025, the company won a case against another account, resulting in a compensation of 313,800 yuan [6].

1月22日中午，@比亚迪法务部发布了比亚迪起诉汽车博主姚*强（抖音账号"大秦军陕团"）一案的一审判决结 果： 据此前报道，姚*强在其抖音账号"大秦军陕团"发布测试视频，自称以正常驾驶方式测试比亚迪旗下方程豹汽 车"豹5"的百公里油耗，并最终得出该车型百公里油耗达到18升的结论。 这与方程豹官方宣传数据相差甚远，官方数据显示，"豹5"的百公里油耗为7.8升。 近期，就比亚迪起诉汽车博主姚*强（抖音账号"大秦军陕团"）一案，我司收到法院一审判决，判决认定被告编 造并传播了方程豹汽车的虚假信息，损害了比亚迪及方程豹品牌的商业信誉及商品声誉，构成商业诋毁。判令被 告向比亚迪公司赔偿201万元。 据悉，被告汽车博主姚*强的抖音账号为"大秦军陕团"，约有140万粉丝。目前，在其账号上，前述与方程豹"豹 5"相关的测试视频已下架。 视频发出后引发广泛讨论，有网友分析，"百公里油耗18升"是"大秦军陕团"在极限工况下进行测试的结果。网友 指出，"大秦军陕团"车速开到180km/h左右，有严重超速嫌疑。为此，有不少网友调侃称："这是在用命测评方程 豹。" 对此，"大秦军陕团"多次在视频中强调称，为了验证"豹5"真实油耗，其除了 ...

每经编辑｜许绍航 近期，就比亚迪起诉汽车博主姚*强（抖音账号"大秦军陕团"）一案，我司收到法院一审判决，判决认定被告编造并传播了方程豹汽车的虚假信息，损害 了比亚迪及方程豹品牌的商业信誉及商品声誉，构成商业诋毁。判令被告向比亚迪公司赔偿201万元。据悉，被告汽车博主姚*强的抖音账号为"大秦军陕 团"，约有140万粉丝。目前，在其账号上，前述与方程豹"豹5"相关的测试视频已下架。 1月22日中午，@比亚迪法务部发布了比亚迪起诉汽车博主姚*强（抖音账号"大秦军陕团"）一案的一审判决结果： 据此前报道，姚*强在其抖音账号"大秦军陕团"发布测试视频，自称以正常驾驶方式测试比亚迪旗下方程豹汽车"豹5"的百公里油耗，并最终得出该车型百 公里油耗达到18升的结论。 这与方程豹官方宣传数据相差甚远，官方数据显示，"豹5"的百公里油耗为7.8升。 视频发出后引发广泛讨论，有网友分析，"百公里油耗18升"是"大秦军陕团"在极限工况下进行测试的结果。网友指出，"大秦军陕团"车速开到180km/h左 右，有严重超速嫌疑。为此，有不少网友调侃称："这是在用命测评方程豹。" 对此，"大秦军陕团"多次在视频中强调称，为了验证"豹5"真实油 ...

就比亚迪起诉姚*强（抖音账号"大秦军陕团"）一案，比亚迪坚持依托法律维护自身合法权益，并于近期公告案件胜诉。1月22日比亚迪法务部发布公告披 露，法院判决认定被告编造并传播了方程豹汽车的虚假信息，损害了比亚迪及方程豹品牌的商业信誉及商品声誉，构成商业诋毁。判令被告姚*强向比亚 迪公司赔偿201万元。随后，比亚迪集团品牌及公关处总经理李云飞转发该公告并表示："一直以来，我们都是黑公关黑水军的最大受害者！我们接受媒 体的批评和监督，但对于编造虚假信息、恶意造谣、诋毁攻击的黑公关和黑媒体，我们绝不容忍，一追到底，绝不姑息！" 此前在公开活动中，李云飞也曾明确立场："比亚迪到了现在的位置和体量，如果有媒体就客观事实进行报道批评，都没问题！有些媒体不了解情况，有 些误解性的发布，我们也能接受！但对于黑公关、黑媒体，为了黑而黑，长期针对比亚迪，诋毁比亚迪，我们绝不容忍！" 2023年12月，方程豹豹5上市之际，姚*强通过抖音账号"大秦军陕团"发布视频，声称以正常驾驶方式测试方程豹旗下车型豹5，得出百公里油耗18升的结 论，在网络上引起了大范围的关注及讨论。之后应警方调查取证需要，比亚迪调取数据显示：测试当日车辆存在大量异 ...

就比亚迪起诉姚*强（抖音账号"大秦军陕团"）一案，比亚迪坚持依托法律维护自身合法权益，并于近期公告案件胜诉。1月22日比亚迪法务部发布公告披 露，法院判决认定被告编造并传播了方程豹汽车的虚假信息，损害了比亚迪及方程豹品牌的商业信誉及商品声誉，构成商业诋毁。判令被告姚*强向比亚 迪公司赔偿201万元。随后，比亚迪集团品牌及公关处总经理李云飞转发该公告并表示："一直以来，我们都是黑公关黑水军的最大受害者！我们接受媒 体的批评和监督，但对于编造虚假信息、恶意造谣、诋毁攻击的黑公关和黑媒体，我们绝不容忍，一追到底，绝不姑息！" 此前在公开活动中，李云飞也曾明确立场："比亚迪到了现在的位置和体量，如果有媒体就客观事实进行报道批评，都没问题！有些媒体不了解情况，有 些误解性的发布，我们也能接受！但对于黑公关、黑媒体，为了黑而黑，长期针对比亚迪，诋毁比亚迪，我们绝不容忍！" 2023年12月，方程豹豹5上市之际，姚*强通过抖音账号"大秦军陕团"发布视频，声称以正常驾驶方式测试方程豹旗下车型豹5，得出百公里油耗18升的结 论，在网络上引起了大范围的关注及讨论。之后应警方调查取证需要，比亚迪调取数据显示：测试当日车辆存在大量异 ...

Core Insights - BYD has transformed advanced driver assistance systems (ADAS) from an optional feature to a must-have for consumers, achieving a cumulative ownership of over 2.56 million vehicles by December 2025, leading the Chinese automotive industry in this segment [1][3]. Group 1: Data and Technology - The success of BYD's ADAS is supported by a robust data foundation, with the "Tian Shen Zhi Yan" system generating over 160 million kilometers of driving data daily, which facilitates continuous system evolution and widespread adoption [4]. - The activation rates for the system are impressive, with 94.13% for general ADAS features and 85.97% for intelligent parking, indicating strong user trust and reliance on the technology [4]. - Frequent over-the-air (OTA) updates planned for 2025 will enhance features ranging from active safety to cabin experience, ensuring that the technology remains current and user-friendly [4]. Group 2: Safety and User Assurance - Safety is a core principle of BYD's intelligent driving technology, evidenced by 9.33 million instances of Automatic Emergency Braking (AEB) activation throughout the year, showcasing the system's proactive safety capabilities [4]. - BYD has made a notable commitment to cover all safety and loss scenarios related to parking assistance, eliminating the need for insurance claims and providing unlimited compensation, which reflects the company's confidence in its technology [4]. Group 3: Market Performance - The popularity of models equipped with the "Tian Shen Zhi Yan B" version, such as the Fangcheng Leopard Titanium 7 and Tengshi N8L, has led to significant sales, with December alone seeing 191,041 units sold across various models [5]. - The sales breakdown includes 47,576 units from Fangcheng Leopard, 13,621 from Tengshi, 903 from Yangwang, and a remarkable 128,941 units from the Dynasty and Ocean series, indicating strong market recognition of the technology [5]. Group 4: Consumer Focus - BYD emphasizes user needs by promoting ADAS from being a luxury feature to a widely accessible option, aiming to make intelligent driving a standard expectation for all consumers [7]. - The company's approach not only leads the direction of automotive intelligence in China but also ensures that every user can benefit from the safety and convenience brought by technology [7].

比亚迪李云飞转发并回应称："一直以来，我们都是黑公关黑水军的最大受害者！我们接受媒体的批评和监 督，但对于编造虚假信息、恶意造谣、诋毁攻击的黑公关和黑媒体，我们绝不容忍，将一追到底，绝不姑 息！" 1月22日，比亚迪（002594）法务部发文表示，就比亚迪起诉汽车博主姚*强（抖音账号"大秦军陕团"）一 案，公司近期收到法院一审判决，判决认定被告编造并传播了方程豹汽车的虚假信息，损害了比亚迪及方程 豹品牌的商业信誉及商品声誉，构成商业诋毁。判令被告向比亚迪公司赔偿201万元。 比亚迪方面表示，始终尊重并接受社会各界的建议和监督，但网络不是法外之地，对于任何形式的侮辱、造 谣、抹黑等侵权行为，将持续以法律手段维护企业的合法权益。 判决认定：被告发表针对比亚迪公司旗下方程豹品牌车型的贬损言论，诋毁方程豹品牌车型商品声誉，构成 对比亚迪名誉权的侵害。 图片来源 比亚迪李云飞微博截图 此前，比亚迪诉"王悟空说车"网络侵权责任纠纷案胜诉。 2025年11月20日，据@比亚迪汽车法务部，近期，就比亚迪起诉"王悟空说车"及相关账号网络侵权责任纠纷 一案，我司收到法院判决，判令被告在《人民法院报》向比亚迪公司公开道歉并支付赔偿 ...

Core Insights - BYD ranks first among Chinese automakers in sales of assisted driving models, with cumulative sales exceeding 2.56 million units, establishing the "Tian Shen Yan" system as the most installed assisted driving system in the market [1] - The company possesses the largest data foundation in the industry for assisted driving, generating over 160 million kilometers of data daily, which enhances user experience and drives further growth of the data foundation [2] - Starting in the second half of 2025, BYD will significantly increase the frequency of OTA updates, introducing numerous upgrades and new features to enhance user experience [3] - Safety remains a top priority for BYD, with the "Tian Shen Yan" system designed to actively monitor road conditions and prevent accidents, achieving 9.33 million emergency brake activations in 2025 [4] - BYD has committed to covering all safety and loss liabilities for users of the "Tian Shen Yan" parking assistance feature in China, ensuring no impact on insurance premiums for users [5] - Positive user feedback on the "Tian Shen Yan" system is driving sales, with the system becoming a key factor in vehicle purchasing decisions, indicating a shift from optional to essential in the market [6][7] Industry Developments - The "Tian Shen Yan" system is contributing to increased consumer trust in assisted driving technologies, promoting higher penetration rates in the Chinese automotive market [7]