Core Viewpoint - The automotive industry is experiencing a promotional wave centered around "7-year low-interest" financing options, significantly lowering the barriers for consumers to purchase electric vehicles [2][5]. Group 1: Promotional Strategies - Multiple electric vehicle brands are emphasizing low down payments, low interest rates, and low monthly payments, with monthly payments generally around 2000 yuan [3][4]. - Tesla initiated this trend with a 7-year low-interest financing plan, prompting at least 10 other automakers, including Xiaomi, Li Auto, and Xpeng, to follow suit [2][6]. - The promotional period primarily spans January to February, with various automakers offering different financing terms and conditions [4][5]. Group 2: Financing Models - The financing options are predominantly provided by automotive financing leasing companies or third-party financial institutions, rather than traditional banks [3][7]. - Consumers are advised to be cautious of the hidden costs associated with long-term low-interest financing, as extended payment periods may lead to higher total interest costs [3][9]. - The ownership structure differs between bank loans and financing leases, with the latter retaining ownership with the leasing company until the end of the lease term [8][9]. Group 3: Market Impact - The introduction of 7-year low-interest financing is expected to intensify competition among automakers, providing an alternative to direct subsidies and incentives [7]. - The regulatory environment has evolved to support longer financing terms, allowing for more flexible consumer financing options [7].

Core Viewpoint - The Nasdaq Golden Dragon China Index saw an initial increase of 1.21%, indicating positive market sentiment towards Chinese stocks listed in the U.S. [1] Company Performance - NIO experienced a significant rise of 7.4% - Miniso increased by 5.4% - Yum China rose by 3.4% - Li Auto gained 2.8% - ZTO Express, Zai Lab, Bilibili, Baidu, and Kingsoft Cloud all saw increases of over 2% - Alibaba had a modest increase of 0.7% - Pony.ai declined by 1.2% - New Oriental fell by 2.8% [1] ETF Performance - KWEB ETF rose by 1.14% - CQQQ ETF increased by 0.7% - ASHR ETF decreased by 0.1% - ASHS ETF fell by 1.3% [1]

Core Viewpoint - The article discusses the trend of larger SUVs in the Chinese automotive market, highlighting the shift towards three-row SUVs that cater to family needs and the growing consumer preference for spacious vehicles [5][10][30]. Group 1: Market Trends - The introduction of the Tesla Model YL and the success of large three-row SUVs have significantly impacted Tesla's delivery volumes, indicating a strong consumer preference for larger vehicles [5][7]. - The trend of larger vehicles is evident, with new models like the Denza N9 and N8L showcasing lengths exceeding 5 meters, which aligns with the growing demand for spacious SUVs [7][10]. - The market share of mid-to-large SUVs has seen a notable increase, with mid-large SUVs maintaining a market share of 3%-4% since September 2022, while large SUVs remain below 2% [12][13]. Group 2: Consumer Preferences - The demand for larger SUVs is driven by family-oriented needs, where consumers prioritize space and comfort for both daily use and family outings [26][30]. - The average vehicle ownership in China is projected to reach 52.9 vehicles per 100 households by 2025, indicating a strong market for family-sized vehicles [28]. - The article emphasizes that the preference for larger vehicles is not unique to China, as similar trends are observed globally, particularly in the U.S. and Europe [33]. Group 3: Technological Factors - The increase in vehicle size is attributed to the design of electric vehicles, which require more space for battery placement, leading to wider and longer vehicle dimensions [20][21]. - Advances in battery technology have allowed for larger battery capacities in SUVs, with many new models featuring batteries exceeding 80 kWh, enhancing their range and appeal [23][24]. - The integration of battery technology into vehicle design has improved the overall space within the cabin, allowing for more comfortable seating arrangements and features [30].

2月5日，理想汽车CEO李想发布长文，对全新理想L9进行预热。李想表示，汽车的终极形态是机器人。all in AI并非不关注汽车，具身智能必须长在一台 好车上，才能真正为用户创造价值。"所以我有70%的时间聚焦在汽车上，这让我们更了解如何让车进化成真正的机器人。" 全新理想L9将成为"智能体"，眼睛、大脑、心脏、神经、手脚——完整的技术栈让车从被动工具变成主动伙伴。李想表示，车辆将会"认出你，理解你， 主动服务你"，未来，每个家庭都值得拥有这样的智能伙伴。"全新理想L9不仅是一台好车，更是具身智能机器人的开山之作。我们准备了十年，就等这一 刻。" 次量产上车。 2024年10月，国内第一个端到端AD大模型量产交付。 2025年3月，星环OS开源。 2025年8月,VLA司机大模型随理想i8量产上车。 这两年有很多人问我,是不是all in AI就不关注汽车了。 恰恰相反,我们深知:具身智能必须长在一台好车上, 才能真正为用户创造价值。所以我有70%的时间聚焦 在汽车上,这让我们更了解如何让车进化成真正的机器 人。 即将到来的全新理想L9，车成为智能体。眼睛、大脑、 心脏、神经、手脚――完整的技术栈让车从被动工 ...

Core Insights - The automotive industry is experiencing a promotional wave centered around "7-year low-interest" financing options, initiated by Tesla and followed by at least 10 other companies, including Xiaomi, Li Auto, and Xpeng [1][3][4] - The promotional strategies focus on low down payments and monthly payments, with many plans keeping monthly payments around 2000 yuan [1][3] - Different automakers are collaborating with various financial institutions, with Tesla and NIO partnering with banks, while others rely on automotive financing leasing companies or third-party financial institutions [1][7] Group 1: Promotional Strategies - The "7-year low-interest" financing has become a key term in the current promotional measures, with low down payment amounts and monthly payments generally around 2000 yuan [3] - Tesla's Model 3 offers a down payment of 79,900 yuan and a monthly payment of 1,918 yuan over 84 months, with a total interest of approximately 5,512 yuan [4] - Li Auto offers a 7-year financing option across all models, with a minimum down payment of 15% and a monthly payment of 3,846 yuan for the i8 model [6] Group 2: Financial Institutions and Models - The financing options are primarily provided by automotive financing leasing companies or third-party financial institutions, rather than banks [7][10] - The differences in ownership and cost structures between bank loans and leasing models are significant, with leasing companies retaining ownership during the lease period [9][10] - Consumers are advised to understand the differences between loan and leasing models, including ownership rights and potential hidden costs associated with long-term financing [10][11]

"2026年，理想开启第二个十年。全新理想L9，不仅是一台好车，更是具身智能机器人的开山之作。"理 想汽车董事长兼CEO李想2月5日在社交软件发文称，"我们准备了十年，就等这一刻。Be Proactive,Change the World." 恰逢车市竞争进一步加剧、智能化转型进入深水区的关键时期，李想宣布理想汽车以十年深耕为基石， 坚定选择具身智能机器人赛道，并以此为契机开启全新理想L9宣发周期。这不仅是技术层面的迭代升 级，更是李想汽车贯穿战略、产品与组织的全面革新，最终指向"汽车的终极形态是机器人"这一最初答 案。 汽车的终极形态是机器人 理想汽车布局具身智能并非一时兴起，而是初心坚守与技术趋势的双向奔赴，藏着对行业未来的深刻洞 察与长远思考。 早在2015年理想汽车创办之初，便抛出了一个根本性问题：汽车的终极形态是什么？"大多数人的答案 是：更快、更智能的交通工具。我们的答案是：机器人！"李想坚定地表示，"'理想，给车赋予生命'， 这不是一句口号。" 过去十年，理想的每一步前行，都在向这个终极目标靠近。从最初让车辆拥有"能听、能看、能交流"的 基础感知能力；到推动车辆从冰冷的出行工具，升级为承载家庭生 ...

新京报贝壳财经讯（记者王琳琳）2月5日，理想汽车董事长李想在其社交媒体平台发文表示，即将到来 的全新理想L9将成为智能体。"眼睛、大脑、心脏、神经、手脚——完整的技术栈让车从被动工具变成 主动伙伴。它会认出你，理解你，主动服务你。"李想称全新理想L9不仅是一台好车，更是具身智能机 器人的开山之作。 理想汽车认为其从技术演进、产品形态到组织方式和理想汽车的具身智能战略有一致性。理想汽车认为 其强调的"车和家"的场景就是具身智能的核心场景——物理生活空间。具身智能的终极形态就是这个伙 伴能够真正理解用户的需求，主动为用户服务。 编辑 岳彩周 校对 柳宝庆 李想表示，All in AI并非不关注汽车，All in AI是为了更好造车。李想认为具身智能必须长在一台好车 上，才能真正为用户创造价值。他称有70%的时间聚焦在汽车上，这让其更了解如何让车进化成真正的 机器人。 新京报贝壳财经记者获悉，理想汽车建立了AI公司组织结构，其中包括算力和数据、基座模型、软件 本体和硬件本体等团队，意在形成一个完整"造硅基人"的能力体系。 ...

Core Viewpoint - The article discusses the impact of black public relations and online water armies on major automotive companies like Li Auto, Xiaomi, and BYD, highlighting the ongoing battles in public perception and reputation management within the industry [4][6]. Group 1: Li Auto's Challenges - Li Auto has faced significant online attacks, particularly against its electric vehicles, with claims of quality issues surfacing before product launches [7][9]. - The use of AI tools has increased the efficiency of black public relations, allowing for rapid generation of negative content about Li Auto's products [9]. - Li Auto's CEO has suggested that these attacks are orchestrated by competitors, indicating a broader issue of distrust among automotive brands [10][12]. Group 2: Xiaomi's Perception Management - Xiaomi's leadership has adopted a victim narrative, claiming to be targeted by malicious online campaigns, particularly regarding the performance of its vehicles [15][16]. - Despite the claims of being unfairly attacked, Xiaomi's issues with vehicle performance and safety have contributed to public scrutiny, which has been amplified by online criticism [16][17]. - The company has been criticized for not addressing significant safety concerns directly, which may undermine its credibility in the face of allegations [17]. Group 3: BYD's Legal Actions - BYD has actively pursued legal action against various accounts and media outlets for defamation, with over 40 accounts currently under litigation [20][21]. - The company has successfully won multiple lawsuits, resulting in compensation exceeding 10 million yuan, although these actions are seen as insufficient to fully address the reputational damage incurred [20][21]. - BYD's management has indicated that the root of these attacks often lies with competitors, suggesting a systemic issue within the industry [23]. Group 4: Industry Dynamics - The article emphasizes that black public relations are a byproduct of competitive dynamics within the automotive sector, with companies often using third-party water armies to undermine rivals [25][26]. - The blurred lines between criticism and defamation create challenges for companies, as any misstep can be exploited by competitors [27]. - The ongoing presence of black public relations in the industry is expected to persist, complicating the landscape for all automotive brands [25][28].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 理想汽車 呈交日期: 2026年2月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | A | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02015 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,500,000,000 | USD | | 0.0001 | USD | | 450,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 4,500,000,000 | USD | | 0.0001 | USD | | 450,000 | | 2. 股份分類 | ...

2018年10月，理想ONE发布，车有了感知。麦克风、雷达、摄像头，让车能 听、能看、能交流。 2021年5月，自研感知系统随2021款理想ONE量产上车。 2021年10月,自研操作系统立项启动。 每经AI快讯，2月5日，理想汽车董事长李想在社交媒体上表示，2026年将发布全新理想L9，"不仅是一台车，更是具身智能机器人的开山之作。" 李棋(今 26-2-5 16:06 发布于 北京 来自 Mind GPT的iPhone客户端 十关注 2015年，我们创办理想汽车时就问过自己：汽车的终极形态是什么? 大多数人的答案是：更快、更智能的交通工具。我们的答案是：机器人! "理想，给车赋予生命"，这不是一句口号。十年间，我们让这个答案一步步成为现 实: 2025年8月, VLA司机大模型随理想i8量产上车。 这两年有很多人问我，是不是all in AI 就不关注汽车了。恰恰相反，我们深知：具 身智能必须长在一台好车上，才能真正为用户创造价值。所以我有70%的时间聚 焦在汽车上，这让我们更了解如何让车进化成真正的机器人。 即将到来的全新理想L9,车成为智能体。眼睛、大脑、心脏、神经、手脚——完 整的技术栈让车从被动工 ...