订阅新能源汽车动态 +订阅 跟踪芯片领域动态 +订阅 蔚来李斌：神玑NX9031芯片显著提升蔚来单车毛利率 金十数据7月1日讯，蔚来创始人、董事长、CEO李斌在社交媒体表示，蔚来世界模型NWM已经陆续推 送到ET9、新ES6、新EC6、新ET5和新ET5T上，这标志着蔚来自研的全球首颗车规级5纳米智驾芯片神 玑NX9031的应用性能达到设计目标，单颗神玑NX9031的性能相当于四颗英伟达Orin-X。 神玑NX9031 芯片上车会给单车成本带来1万元左右的成本优化，显著提升蔚来单车毛利率。 ...

【导读】美加恢复贸易谈判，提振美股三大指数，特朗普对日本强硬表态 见习记者 储是 美加恢复贸易谈判 提振美股三大指数 美东时间6月30日，美股三大指数集体收涨。 截至收盘，道琼斯指数涨0.63%，标普500指数涨0.52%，纳斯达克指数涨0.47%。 大涨背景是加拿大取消数字服务税并准备与美国恢复贸易谈判，市场情绪因此得到提振。美参议院即将对特朗普的税改法案进行表决。 投资者目前正等待美方与贸易伙伴之间可能达成的协议，因为特朗普此前宣布的90天关税宽限期将在下周到期。 美国财政部长贝森特周一表示，有"部分国家正在以诚意谈判"，但他也警告称，"如果他们态度顽固导致无法达成协议"，那么关税可能会重新回到4月2日 宣布的水平。 上半年，道琼斯指数上涨3.64%，纳斯达克指数上涨5.48%，标普500指数上涨5.5%。 大型科技股涨跌不一 美股科技七巨头涨跌不一，苹果上涨2.03%，英伟达上涨0.15%，谷歌下跌1.29%，亚马逊下跌1.75%，特斯拉下跌1.84%。 | TSLA | 特斯拉(TESLA) | 317.600 | -6.030 | -1.86% | | --- | --- | --- | --- | ...

5. 人事变动！蔚来技术规划首席专家胡成臣离职 要闻提示 NEWS REMIND 1. 特朗普：已为TikTok找到买家，将在2周后宣布，买家是超级富豪集团 2. 曝某车企严重资金压力，推迟供应商付款！ 3. 雷军回应何小鹏下单小米YU7：一定加速生产，力争早点交车 4. 何小鹏谈靠现金流压供应商款：该不赚钱还是不赚钱，真科技车企不需要 6.两家国产GPU独角兽IPO同日获受理 7.晋江宣布腾讯旗下酷狗音乐败诉：为盗录作品提供传播空间，判赔1万元 8.OpenAI最新点名的中国竞争对手：竟不是DeepSeek，而是智谱！ 今日头条 HEADLINE NEWS 特朗普：已为TikTok找到买家，将在2周后宣布，买家是超级富豪集团 美国总统特朗普在周日播出的福克斯新闻采访中表示，他已经为TikTok找到了买家，并称对方是一群"非 常富有的人"，其身份将在大约两周后公布。 特朗普是在福克斯新闻节目《周日早间期货》（Sunday Morning Futures with Maria Bartiromo）中发 表上述言论的。他表示，正在推进的这笔交易需要中方的批准，并预测中方"很可能会同意"。 国内资讯 DOMESTI ...

（三大指数分钟线图，来源：TradingView） 截至收盘，道琼斯指数涨0.63%，报44,094.77点；标普500指数涨0.52%，报6,204.95点； 纳斯达克指数涨0.47%，报20,369.73点。 美东时间周一， 三大指数集体收涨，标普500指数和纳指均再创历史收盘新高。 美国合众银行财富管理公司（U.S. Bank Wealth Management）首席股票策略师特里·桑德 文 表示，尽管关税宽限期到期与税改法案等风险可能在2025年下半年带来市场波动，但股市基 本面改善和市场广度增强等因素可能推动近期上涨趋势延续。 "随着股市不断创新高，市场的'忧虑之墙'正在崩塌，"桑德文表示。"目前通胀稳定，利率保 持平稳，企业盈利趋势向上，这些都为美股在下半年继续上涨提供了有利环境。" 热门股表现 美股七巨头涨跌不一，苹果涨2.03%，微软涨0.30%，英伟达涨0.15%，谷歌跌1.29%，亚 马逊跌1.75%，Meta涨0.61%，特斯拉跌1.84%。 热门中概股多数收跌，纳斯达克中国金龙指数跌0.49%，阿里巴巴跌0.59%，京东跌 1.30%，拼多多跌0.46%，蔚来汽车跌0.87%，小鹏汽车 ...

Core Viewpoint - Xiaomi's YU7 electric vehicle has achieved impressive initial sales figures, but the company faces significant challenges related to production capacity and delivery timelines, which competitors are exploiting to attract potential customers away from Xiaomi [1][12][17]. Group 1: Sales Performance - Xiaomi's YU7 received over 20,000 orders within 3 minutes, 28.9 million orders in 1 hour, and 240,000 orders in 18 hours, indicating strong market demand [1][12]. - In the first 9 months of entering the automotive market, Xiaomi delivered 135,000 vehicles, showcasing a rapid entry into the industry [3]. Group 2: Production Challenges - The delivery timelines for the YU7 are lengthy, with the standard version taking up to 57 weeks and the Max version up to 33 weeks, which exceeds industry standards [2][5]. - Xiaomi's current production capacity is insufficient to meet the overwhelming demand, leading to a backlog of orders that could extend delivery times into 2027 [12][13]. Group 3: Competitive Landscape - Competitors like NIO, Zeekr, and others have initiated "cut-off" strategies to attract YU7 customers by offering to reimburse deposits for those who switch to their brands [6][8]. - Various brands are actively promoting incentives for YU7 customers, such as deposit reimbursements and additional services, to lure them away during the long waiting period [6][7][8]. Group 4: Future Production Plans - Xiaomi is taking steps to enhance production capacity, including acquiring land for a new factory in Beijing and planning additional facilities in Wuhan and Shanghai [14][15][16]. - The company aims to avoid the "production hell" that Tesla experienced by rapidly scaling its manufacturing capabilities to meet demand [11][17].

Investment Rating - The report maintains an "Outperform" rating for the industry [2] Core Insights - The penetration of silicon carbide (SiC) vehicles is increasing, with applications expanding across various scenarios [4] - The market for power modules is evolving, with a notable shift towards higher power outputs in electric vehicles [18] - The growth of charging infrastructure is significant, with a year-on-year increase in the number of charging stations [52] Summary by Relevant Sections New Energy Vehicles - In May 2025, the sales of new energy vehicles reached 1.31 million units, a year-on-year increase of 36.9% [15] - The penetration rate of new energy vehicles in the market reached 48.7% [15] - The share of main drive power modules in vehicles with power above 200kW increased from 9% in 2022 to 25% in early 2025 [18] Power Modules - The penetration rate of SiC MOSFETs in new energy vehicles reached 18.6% in early 2025 [21] - The competition among domestic suppliers of IGBT modules is intensifying, with local manufacturers holding approximately 86.9% of the market share [21] - The market for SiC modules is becoming increasingly competitive, with a growing number of manufacturers entering the space [25] Charging Infrastructure - The number of charging stations increased by 158.3 million units in the first five months of 2025, representing a year-on-year growth of 19.2% [52] - Public charging stations saw a significant increase of 56% year-on-year [52] - The demand for high-efficiency SiC products is expected to rise with the expansion of ultra-fast charging stations [52] Photovoltaic Inverters - The prices of 20kW, 50kW, and 110kW photovoltaic inverters remained stable as of June 2025 [56] - The export value of inverters in May reached 5.97 billion yuan, reflecting an 8% year-on-year increase [56] Market Trends - The industry is entering a stable phase, with steady growth expected in demand from consumer electronics and industrial control sectors [6] - The growth in electric vehicle production and the increasing use of power devices in data centers are key drivers for market expansion [6]

另据香港《南华早报》报道，宁德时代价值410亿港元（约合人民币375亿元）的首次公开募股（IPO）是今年全球规模最大的交易，并使香港跻身全球IPO排行榜首位。而香港交易所首席执行官 这些企业既包括奇瑞汽车、长安汽车高端电动品牌阿维塔、赛力斯等汽车制造商、禾赛科技等智能科技零部件供应商，也包括小马智行这样的自动驾驶技术提供商，以及亿航智能这样的城市空中 其中，奇瑞汽车旨在筹集至少15亿美元（约合人民币107.8亿元），计划生产更多右舵驾驶车型，并将汽车出口至欧洲、日本和韩国；与华为紧密合作的赛力斯则计划通过IPO提高海外销售额 观察者网注意到，目前已在港股上市的智能电动汽车制造商包括比亚迪、吉利汽车、长城汽车、广汽集团、东风集团股份、蔚来、小鹏汽车、理想汽车、零跑汽车等；零部件和智能解决方案制造 此外，包括奇瑞汽车、赛力斯、小马智行、毫末智行、驭势科技、希迪智驾、三花智控、享道出行等相关企业，均在排队等待赴港上市。 而这些潜在的IPO不仅将增强中国在全球舞台上汽车技术的领先地位，也可能进一步巩固香港作为今年全球最繁忙的IPO市场的领先地位。 金融咨询公司Integrity表示，香港的国际投资者正在积极寻找中国的 ...

Group 1 - Volkswagen leads the automotive market with a value of 536.09 billion, showing an increase of 20.07 billion [2] - General Motors follows with a value of 477.64 billion, up by 5.01 billion [2] - Porsche has a significant increase of 32.25 billion, reaching a total of 456.03 billion [2] Group 2 - The automotive market shows varied performance, with companies like Mahindra and Ford also reporting increases of 0.59 billion and 6.76 billion respectively [2] - Companies such as Ideal Auto and SAIC show slight declines, with Ideal Auto down by 5.62 billion [2] - The overall market dynamics indicate a competitive landscape with fluctuations in company valuations [2][3]

Group 1 - The top company by market capitalization is 台棋电 with a value of 11,854.84 million [2] - Tencent Holdings ranks second with a market cap of 5,904.94 million [2] - Alibaba follows in third place with a market cap of 2,722.24 million [2] Group 2 - Xiaomi Group is in fourth place with a market cap of 1,906.02 million [2] - Pinduoduo ranks fifth with a market cap of 1,492.62 million [2] - Meituan is sixth with a market cap of 991.67 million [2] Group 3 - NetEase has a market cap of 839.94 million, placing it seventh [2] - JD.com is in eighth place with a market cap of 476.7 million [3] - SMIC (中芯国际) follows closely with a market cap of 476.28 million [3] Group 4 - Kuaishou (快手-W) has a market cap of 347.93 million, ranking ninth [3] - Baidu ranks tenth with a market cap of 296.09 million [3] - Tencent Music has a market cap of 295.84 million, placing it eleventh [3] Group 5 - Li Auto (理想汽车) ranks twelfth with a market cap of 294.05 million [3] - Beike (贝壳) has a market cap of 222.61 million, placing it thirteenth [3] - Tonghuashun (同花顺) follows with a market cap of 206.05 million, ranking fourteenth [3] Group 6 - XPeng Motors (小鹏汽车) has a market cap of 172.8 million, ranking fifteenth [3] - iFlytek (科大讯飞) is sixteenth with a market cap of 153.61 million [3] - ZTO Express (中通快递) ranks seventeenth with a market cap of 142.2 million [3] Group 7 - 360 (三六零) has a market cap of 99.37 million, placing it eighteenth [3] - Baoxin Software (宝信软件) ranks nineteenth with a market cap of 94.85 million [3] - Weimob (味睡眠唾) has a market cap of 90.14 million, placing it twentieth [3] Group 8 - Hengsheng Electronics (恒生电子) ranks twenty-first with a market cap of 88.68 million [3] - New Oriental (新东方) follows with a market cap of 88.53 million, placing it twenty-second [3] - NIO (蔚来) has a market cap of 78.36 million, ranking twenty-third [3] Group 9 - Vipshop (唯品会) ranks twenty-fourth with a market cap of 77.85 million [4] - Kingsoft (金山软件) has a market cap of 72.56 million, placing it twenty-fifth [4] - Kingdee International (金蝶国际) ranks twenty-sixth with a market cap of 68.95 million [4] Group 10 - TAL Education (好未来) has a market cap of 65.2 million, placing it twenty-seventh [4] - Giant Network (巨人网络) ranks twenty-eighth with a market cap of 63.55 million [4] - Yonyou Network (用友网络) has a market cap of 62.87 million, placing it twenty-ninth [4] Group 11 - WanGuo Data (万国数据) ranks thirtieth with a market cap of 62.26 million [4] - Qifu Technology (奇富科技) has a market cap of 59.88 million, placing it thirty-first [4] - Kunlun Wanwei (昆仑万维) ranks thirty-second with a market cap of 59.46 million [4] Group 12 - Tongcheng Travel (同程旅行) has a market cap of 59.26 million, placing it thirty-third [4] - Kaiying Network (恺英网络) ranks thirty-fourth with a market cap of 57.59 million [4] - Runhe Software (润和软件) has a market cap of 56.7 million, placing it thirty-fifth [4] Group 13 - China Software (中国软件) ranks thirty-sixth with a market cap of 55.89 million [4] - Sangfor Technologies (深信服) has a market cap of 55.57 million, placing it thirty-seventh [4] - Tuo Wei Information (拓维信息) ranks thirty-eighth with a market cap of 54.48 million [4] Group 14 - 37 Interactive Entertainment (三七互娱) has a market cap of 53.49 million, placing it thirty-ninth [4] - Baichu Electronics (柏楚电子) ranks fortieth with a market cap of 53 million [4] Group 15 - Meitu (美图公司) has a market cap of 51.44 million, placing it forty-first [5] - Changshan Beiming (常山北明) ranks forty-second with a market cap of 49.14 million [5] - Newland (新大陆) has a market cap of 46.77 million, placing it forty-third [5] Group 16 - Yanshan Technology (岩山科技) ranks forty-fourth with a market cap of 44.5 million [5] - Yinzhijie (银之杰) has a market cap of 43.6 million, placing it forty-fifth [5] - Donghua Software (东华软件) ranks forty-sixth with a market cap of 43.05 million [5] Group 17 - Perfect World (完美世界) has a market cap of 41.16 million, placing it forty-seventh [5] - China Civil Aviation Information Network (中国民航信息网络) ranks forty-eighth with a market cap of 39.26 million [5] - Yunfei Zhili (云费智联) has a market cap of 38.28 million, placing it forty-ninth [5]

Group 1 - The "2025 China Enterprises Going Global Summit" was held in Shenzhen, focusing on providing a high-end platform for Chinese companies to tackle challenges in globalization and explore win-win transformation paths [1] - The summit emphasized the importance of deepening resource connections and dialogue on rules amidst the restructuring of global industrial chains [1] Group 2 - The NYSE's China region head, Ge Chenhao, discussed how capital outflow supports Chinese enterprises in navigating globalization, highlighting a shift from simple OEM/ODM exports to brand globalization [3] - This transition is driven by China's economic shift from high-speed growth to high-quality development, making going global a necessity for future business growth [3] - Ge Chenhao cited NIO's example, which raised $1 billion through NYSE listing in 2018 and subsequently raised over $6 billion through various financing methods, aiding its global market expansion [3] Group 3 - The NYSE is committed to providing quality services to Chinese companies, with over 2,400 leading firms and a total market capitalization exceeding $40 trillion, making it the largest stock exchange globally [4] - The NYSE helps Chinese enterprises integrate into global capital markets and expand international business through various support services, including ESG services to enhance corporate image and sustainability [4] - The NYSE aims to continue its role as a global capital market link, assisting Chinese companies in achieving greater success in their globalization efforts [4]