Group 1: Market Movements - Nasdaq China Golden Dragon Index turned from decline to increase, with significant gains in several Chinese electric vehicle stocks: Xpeng Motors up over 6%, NIO up over 6%, Li Auto up over 2%, Bilibili up over 3%, and others like Zhihu, Baozun, and Niu Technologies rising over 1% [2][7] - Oracle Corporation experienced a drop of over 4% after announcing an $18 billion investment-grade bond issuance for general corporate purposes, including stock buybacks and debt repayment [4][5] - Tesla's stock fell over 4% as its new car registrations in the EU decreased by nearly 37% in August, while BYD's registrations surged by 201%, increasing its market share to 1.3% [6] Group 2: Company Developments - Xpeng Motors signed a quantum security technology cooperation agreement with Alibaba Cloud, aiming to enhance safety algorithms in vehicles [7] - Bilibili's stock rose over 3% following the approval of 156 new game licenses, including 145 domestic and 11 imported games, marking the third month this year with over 150 approvals [9] - JD.com saw its stock increase over 2% after hosting the JD Discovery 2025 global technology exploration conference, where it unveiled its AI strategy and plans for significant investment in AI over the next three years [9] Group 3: Semiconductor Industry - Intel's stock rose nearly 3% amid reports of discussions with Apple for potential investment and collaboration, while the company secured a total of $15.9 billion in recent investments from various sources [6]

新浪科技讯 9月25日晚间消息，在今日的2025雷军年度演讲活动结束后，小米集团董事长、CEO雷军与 媒体对话。 谈及和蔚小理的关系，雷军表示，"顺为资本和小米很有幸成为了蔚来和小鹏的早期投资人。虽然理想 没有投资，但也有很多合作。实话实说，我非常钦佩理想为整个新能源汽车做出的伟大贡献，我认为理 想开创了大空间增程SUV这条路，不少车厂都是摸着理想过河的，也借这个机会再次向李想本人表示崇 高敬意。" 专题：雷军2025年度演讲：谈造芯坎坷、造车争论、赞ModelY、抢苹果用户 责任编辑：王翔 ...

雷军：那个时间点就是理想L9发布，这个'彩电冰箱大沙发'的设计获得了现象级的成功，不少车厂就摸 着理想过河，也干得不错啊。哎，大家笑什么？我们该怎么干呢？是走自己的路，还是和大家一样抄作 业？这可能是小米汽车创办以来最激烈的争论实在吵不下去了，冷静一天以后再接着吵。吵着吵着大家 的观点就清楚了，就是理想这类大空间的SUV啊，很快就会有几十款车上市，如果我们也做一款同样的 车的话，肯定没前途。所以最后呢我们有了一个大胆的想法：是为驾驶者设计、做一辆好看好开、兼顾 家庭的日常使用的SUV。我们在当时推导出来，就是做一款运动型的SUV，一般只有豪车敢干啊，非常 非常的冒险。 （文章来源：21世纪经济报道） ...

2025.09. 25 微信编辑 | 雨林 "这点他们（理想）真的很了不起，不少车厂摸着理想过河也干得不错。"雷军表示。当时小米汽车 内部曾因YU7路线的选择争论激烈，最终拒绝"抄（理想的）作业"，决定开发运动型SUV。"理想这 类大空间的SUV，各家车厂一哄而上，很快就有几十款车上市，市场竞争非常激烈，而且市场需求 的总量是有限的，如果我们也做一款同样的车的话，肯定没前途。"雷军称。 除了理想汽车外，雷军还提到了特斯拉。他表示，小米曾买了三辆Model Y进行拆解学习。"一个个 零部件拆，一个个零部件学。如果各位不选YU7，也可以考虑Model Y或理想i6。" 值得注意的是，在此次回顾造车历程的演讲中，雷军未提及任何与"汽车安全"相关的内容，既未回 应过往争议，也未针对近期召回事件作出进一步回应。 约一周前的9月19日，小米汽车召回2024年2月6日至2025年8月30日生产的部分SU7标准版电动 汽车，总计116887辆。召回原因具体为：L2高速领航辅助驾驶功能开启的某些情况下，对极端特殊 场景的识别、预警或处置可能不足，若驾驶员不及时干预可能会增加碰撞风险，存在安全隐患。 9月17日，工信部就《智能网 ...

Group 1 - Popular Chinese stocks saw gains, with XPeng Motors (XPEV.US) rising over 7%, NIO (NIO.US) and Kingsoft Cloud (KC.US) up over 5%, and JD.com (JD.US) and Li Auto (LI.US) increasing over 2% [1] - The Hang Seng Tech Index rose nearly 1% during the day, on track for its eighth consecutive week of gains, potentially setting a record for the longest winning streak since its inception [1] - Optimism surrounding AI is identified as a driving factor, with Alibaba's recent announcement to increase capital expenditures boosting positive sentiment across the tech sector [1]

2025年9月25日雷军年度演讲表示"我觉得 Modely真是一辆好车，如果不选 YU7，可以选择 ModelY。当然，国内别的车也不错，明天晚上理想i6发布， 也可以考虑一下理想i6。" 2024年4月27日雷军抖音视频表示，如果这条视频过50万点赞，将买一辆理想L6。 2024年4月28日李想表示： 2024年4月28日雷军表示： 加微信，进群深度交流理想实际经营情况与长期基本面。不是车友群。 ...

雷军表示，YU7作为小米汽车的最后的底牌，是走自己的路还是和大家一样抄作业，这可能是小米汽车 创办以来最激烈的争论。"理想之类大空间的SUV，各家车厂一哄而上，很快就会有几十款车上市，市 场竞争会非常的激烈，而且多孩的家庭也没那么多，市场需求的总量是有限的，如果我们也做一款同样 的车的话，肯定没前途，而且我们和大量的用户交流以后发现，哪怕是买了一辆SUV，在大多数时候仍 然是一个人开，所以最后我们有了一个大胆的想法，我们决定走一条不同的路。"(每日经济新闻记者可 杨) 9月25日晚，小米集团创始人、董事长兼CEO雷军在其年度公开演讲中表示，理想L9发布彩电、冰箱、 大沙发的设计获得了现象级的成功，理想开创了大空间增程SUV的新赛道，"这点他们(理想)真的很了 不起，不少车厂就摸着理想过河也干得不错。" ...

提到小米YU7与特斯拉Model Y的对比，雷军表示，今年年初，内部买了三台特斯拉Model Y拆解，确 实是一辆好车。"如果大家不选小米YU7，可以选Model Y，明天理想i6发布大家也可以关注。"他说。 新浪声明：所有会议实录均为现场速记整理，未经演讲者审阅，新浪网登载此文出于传递更多信息之目 的，并不意味着赞同其观点或证实其描述。 责任编辑：梁斌 SF055 专题：雷军2025年度演讲 新浪科技讯 9月25日晚间消息，在今日的2025雷军年度演讲活动上，小米集团董事长、CEO雷军发表演 讲。 ...

Core Insights - Li Auto has shifted its marketing strategy by signing a brand ambassador, Yi Yangqianxi, for the first time, indicating a strategic adjustment in response to intense market competition [2][5][9] - The launch of the Li Auto i6, a new electric SUV, is positioned to attract younger consumers, marking a significant shift from the brand's previous focus on middle-aged families [5][6] Group 1: Marketing Strategy - The announcement of Yi Yangqianxi as a brand ambassador coincided with the i6's launch, generating significant online buzz and reaching nearly 40 million views on Weibo [2][5] - Li Auto's CEO, Li Xiang, previously stated a policy of not hiring brand ambassadors, making this decision noteworthy in the context of the company's evolving marketing approach [2][5] - The collaboration with Yi Yangqianxi aligns with the brand's goal to appeal to a younger demographic, leveraging his influence across various age groups [5][9] Group 2: Product and Sales Goals - The Li Auto i6 is priced between 250,000 to 300,000 yuan and features advanced technology such as an 800V high-voltage platform and fast charging capabilities [6] - Li Xiang has set ambitious sales targets for the i6, aiming for monthly sales of 9,000 to 10,000 units, contributing to an overall target of 18,000 to 20,000 units for all electric models [6][10] - The i6's success is critical as it faces competition from established models like the AITO M7 and Tesla Model Y, testing Li Auto's ability to transition from a high-end to a more mainstream market [10] Group 3: Market Position and Future Outlook - Li Auto aims to capture a 10% share of the pure electric vehicle market, with the i6 being pivotal in this strategy [9] - Analysts suggest that a more aggressive pricing strategy could enhance the i6's market competitiveness, potentially lowering the price range to 200,000 to 250,000 yuan [9] - Despite recent sales declines, there is optimism regarding Li Auto's future, particularly with the acceleration of high-voltage electric products in the latter half of the year [9][10]

Company Overview - Li Auto, established on July 1, 2015, is a Chinese manufacturer of new energy smart vehicles headquartered in Shunyi, Beijing, specializing in the design, research, manufacturing, and sales of luxury smart electric vehicles [2] - The company is a pioneer in the commercialization of range-extended electric vehicles in China and was listed on the NASDAQ on July 30, 2020, followed by a secondary listing on the Hong Kong Stock Exchange on August 12, 2021 [2] Supply Chain Management - Li Auto categorizes all suppliers into five categories: strategic suppliers, preferred suppliers, qualified suppliers, limited suppliers, and eliminated suppliers, to enhance the efficiency and precision of supplier management [3] - The company conducts quarterly performance evaluations of suppliers based on quantifiable assessment criteria and regularly updates evaluation standards to improve the standardization and refinement of supply chain management [3] ESG Initiatives - Li Auto incorporates ESG assessments as a key condition for potential supplier admission, evaluating suppliers on professional certifications, compliance, energy conservation, and waste management during the product industrialization development phase [5] - The company has established a supplier exit mechanism for those with significant integrity issues, concealment behaviors, or safety incidents, placing them on an elimination list [5] - In 2024, Li Auto's Changzhou branch and Beijing base received "Green Supply Chain Management Enterprise" certification through optimized green manufacturing and environmental protection supply chain management processes [5] Supplier Quality and Training - In 2024, Li Auto conducted partner empowerment projects through online, offline, and specialized formats, aiming to enhance supplier quality and industrial capabilities, with over 1,000 supplier participations [6] - The company tailored training content based on strategic development needs and supplier quality performance, helping suppliers improve overall quality levels while ensuring a more robust and reliable supply chain [6] - Li Auto performed on-site improvements and capability enhancements for over 10 suppliers, focusing on key management areas such as quality systems, critical characteristics, statistical process control, and production line error-proofing [6] Expert Commentary - Li Auto demonstrates outstanding performance in supply chain responsibility, actively fulfilling its supply chain obligations, with its production base recognized as a national-level green supply chain management enterprise, setting a benchmark for sustainable development in the automotive manufacturing industry [7]