11月9日，智通财经记者获悉，京东联合广汽集团、宁德时代公布"京东汽车"埃安UT super售价，其电 池租用购车价为4.99万元，整车购买价为8.99万元，将在京东独家销售。（智通财经记者 范佳来） ...

Core Insights - JD.com, in collaboration with GAC Group and CATL, has launched the "National Good Car" Aion UT Super, with a battery rental price of 49,900 yuan and a full purchase price of 89,900 yuan [1][3] - The partnership offers three major benefits: cashback, value-added services, and price protection, aimed at providing a seamless car buying and usage experience for consumers [1] - The vehicle will be exclusively sold on JD.com, with reservations and deposits available through the JD app [1] Company Roles - JD.com is primarily responsible for consumer insights and exclusive sales, without direct involvement in manufacturing [3] - GAC Group provides the vehicle manufacturing capabilities, while CATL contributes battery technology and battery swapping ecosystem [3] - The collaboration aims to create a comprehensive automotive consumption model, integrating online and offline resources for car buying and maintenance [3]

11月9日，京东联合广汽集团、宁德时代，公布了"国民好车"埃安UT super价格。其电池租用方式购车 价仅4.99万元，整车购买价为8.99万元，远低于此前市场预测价格。 埃安UT super由京东携手广汽集团、宁德时代联合打造，整合了京东在用户洞察和卖车、养车等方面的 优势资源，以及广汽整车制造能力和宁德时代的电池技术及换电生态。 中国证券报记者了解到，该车将在京东独家销售，即日起在京东APP搜索"国民好车"即可预约试驾、支 付定金。 具体来看，12月31日前，完成补贴申购的前15000名"下定"用户，可享政府补贴与品牌专项补贴，其中 选择电池租用方案的用户可获2000元/台补贴，整车购买则可享受4000元/台补贴。 此外，11月9日20点起下定的前1000名京东PLUS会员，选择电池租用方案还可获赠价值2500元的京东E 卡。叠加上述权益后，租电版实际到手价约4.54万元，整车购买到手价约8.59万元。 此前，业内普遍认为小米是"最后一个入局的造车新势力"，但今年8月，扫地机器人企业追觅科技宣布 跨界造车。不久后，京东、广汽集团与宁德时代宣布联合推出新车。 另外，11月3日，停工两年的威马汽车在其微信公 ...

Core Insights - This year's "Double 11" has shifted from a focus on e-commerce sales volume (GMV) to an emphasis on local life services and instant retail, with food delivery services taking a central role [1][3][4] Group 1: E-commerce Participation - For the first time, food and beverage brands actively participated in the "Double 11" event, with platforms like Taobao Flash Sale launching special promotions and discounts [3][4] - Taobao Flash Sale reported over 100 million e-commerce orders from new users during the "Double 11" period, with nearly 20,000 restaurant brands seeing their sales increase by over 100% compared to before the event [3][4] - JD's first report on its food delivery performance during "Double 11" indicated that the average daily order volume for its top 300 restaurant brands increased 13 times compared to the first month of its food delivery service [4] Group 2: Instant Retail Competition - The competition has evolved to focus on "minute-level delivery," with platforms like Meituan and JD emphasizing rapid delivery services [5][6] - Meituan reported that nearly 800 brands saw sales growth of over 100% during the first day of "Double 11," with significant increases in various product categories including electronics and beverages [5][6] - Taobao Flash Sale integrated 37,000 brands and 400,000 stores into its platform, promoting a new convenience store model that offers 24-hour service with 30-minute delivery [6][8] Group 3: Market Strategy and Adaptation - The shift towards instant retail indicates that e-commerce platforms need to adapt their strategies, focusing on increasing customer spending domestically and expanding user bases internationally [8] - Platforms are leveraging local resources and partnerships to enhance their service offerings, with Meituan activating offline resources and JD focusing on exclusive deals for popular products [8] - The restructuring of the near-field e-commerce market necessitates upgrades in supply chains, warehousing, and delivery systems to meet the demand for rapid delivery [8]

人才市场的热度是产业活力最直接的晴雨表。猎聘最新发布的《 2025三季度人才供需洞察报告》（以下简称 《报告》） 显示， 2025年三季度具身智能领域新发职位同比猛增72.86%，这一增速不仅远超同期科技行业 平均水平，更比人工智能行业整体增速高出近18个百分点，形成 明显的 人才需求 "虹吸效应"。 | | | | 新发职位同比增长排名 | 三级职能 | 2025Q3新发职位同比增长 | | --- | --- | --- | | No.1 | 机器人工程师 | 88.14% | | No.2 | 汽车设计工程师 | 80.31% | | No.3 | 车身工程师 | 75.93% | | No.4 | 飞行器设计与制造 | 74.48% | | No.5 | 保险销售 | 70.06% | | No.6 | 投资/理财顾问 | 69.23% | | No.7 | 行政后勤/总务 | 67.45% | | No.8 | 算法工程师 | 66.37% | | No.9 | 汽车产品规划 | 65.78% | | No.10 | 药品研发 | 65.36% | | No.11 | 装配工程师 | 57.99% ...

Core Insights - JD.com, GAC Group, and CATL jointly launched the "National Good Car" Aion UT Super, with a battery rental price of 49,900 yuan and a full purchase price of 89,900 yuan, significantly lower than market predictions [1][3] Group 1: Product Launch and Pricing - The Aion UT Super integrates JD.com's user insights and sales capabilities, GAC's manufacturing expertise, and CATL's battery technology and battery-swapping ecosystem [1] - The vehicle will be exclusively sold on JD.com, with reservations available through the JD app starting immediately [1] Group 2: Promotional Offers - Customers who place orders by December 31 can benefit from government and brand-specific subsidies, with battery rental users receiving a 2,000 yuan subsidy and full purchase users receiving a 4,000 yuan subsidy [3] - The first 1,000 JD Plus members who place orders after November 9 can receive a 2,500 yuan JD E-card when choosing the battery rental option, bringing the effective price to approximately 45,400 yuan for the rental version and 85,900 yuan for the full purchase [3] Group 3: Market Context - The automotive industry has seen new entrants, with the perception that Xiaomi was the last to enter the market, but recent developments indicate that companies like Ecovacs Robotics are also venturing into car manufacturing [3]

Core Insights - The launch of the "National Good Car" Aion UT Super, a collaboration between JD.com, GAC Group, and CATL, marks a significant entry of JD.com into the automotive sector, with prices starting at 49,900 yuan for the battery swap version and 89,900 yuan for the full vehicle [2][4] - JD.com is adopting a light-asset model in its automotive venture, focusing on user insights, product definition, online sales, and after-sales service, while leaving manufacturing to its partners [4][5] Group 1: Product Launch and Market Strategy - The Aion UT Super has gained significant market attention since its announcement in October, leveraging JD.com's online exclusivity for sales [2][3] - JD.com has seen a tenfold increase in sales of its exclusive products during the recent Double Eleven shopping festival, indicating a successful strategy in product customization and market penetration [3][8] Group 2: Business Model and Competitive Positioning - JD.com's strategy involves transforming from a retail platform to an ecosystem integrator, focusing on user-driven demand and supply chain collaboration [5][11] - The collaboration with GAC and CATL aims to create a value proposition of "good cars at affordable prices," emphasizing the strengths of each partner in the automotive supply chain [4][10] Group 3: Future Prospects and Challenges - JD.com plans to expand its automotive offerings by establishing standards for the "National Good Car" and collaborating with more automotive manufacturers based on diverse user needs [5][11] - The shift towards manufacturing poses challenges for JD.com, as the automotive industry is characterized by heavy assets and long cycles, contrasting with JD.com's fast-turnaround internet model [11][12]

Core Insights - JD.com, in collaboration with GAC Group and CATL, has officially announced the pricing for the "National Good Car" Aion UT super, with a battery rental purchase price of 49,900 yuan and a full vehicle purchase price of 89,900 yuan [1] Group 1 - The Aion UT super will be exclusively sold on JD.com [1]

Group 1 - JD.com, in collaboration with GAC Group and CATL, has officially announced the pricing for the "National Good Car" Aion UT super, with a battery rental purchase price of 49,900 yuan and a full vehicle purchase price of 89,900 yuan [1] - This "JD new car" will be sold exclusively on JD.com [1]

Investment Rating - The report suggests a focus on cloud vendors and companies with exceeding expectations in the current market environment [3]. Core Insights - The report highlights a divergence in market performance, with consumer companies facing pressure while AI technology companies continue to show mixed results. Concerns about AI valuation bubbles persist, but leading tech companies like Microsoft, Google, and Meta maintain strong cash flows, suggesting a stable outlook for cloud vendors [3]. - The gaming demand remains robust, although there is a short-term lack of new game releases. Attention is drawn to the progress of key game tests and launches, which could drive revenue growth for related companies [3]. - The report emphasizes the importance of monitoring quarterly reports from major Chinese companies like Tencent, JD, Baidu, and Alibaba, as well as the ongoing value in sectors like PDD and the gaming industry [3]. Summary by Sections 1.1 Consumer & Internet - **Education**: The education index fell by 3.59%, with notable performance differences among companies. The implementation of a spring and autumn break system in Sichuan is expected to impact the sector positively [11][18]. - **Luxury & Gaming**: The luxury goods and gaming sectors are closely tied to macroeconomic conditions. Recent Q3 earnings from major gaming companies exceeded expectations, benefiting from a longer holiday schedule in 2026 [19][24]. - **Coffee & Tea**: The coffee sector remains vibrant, while the tea sector faces challenges due to reduced delivery platform subsidies and seasonal competition [3][27]. - **E-commerce**: The e-commerce sector is under pressure, with a lackluster performance during the Double Eleven shopping festival [3][35]. 1.2 Platform & Technology - **Streaming Platforms**: The streaming sector is driven by domestic demand, with platforms like Spotify reporting better-than-expected earnings [3][42]. - **Virtual Assets & Internet Brokers**: The cryptocurrency market is experiencing volatility, with a significant drop in global market value. However, there are potential buying opportunities following recent corrections [3][43]. - **Automotive Services**: The automotive aftermarket is projected to decline, with a year-over-year decrease of 4% expected by October 2025 [3][61]. 1.3 Media - The media sector is experiencing mixed performance, with streaming services facing challenges but also opportunities for growth through strategic partnerships and content offerings [3][41].