Core Insights - Toyota is launching an enhanced version of the Toyota Audio Multimedia system in the all-new 2026 RAV4, aiming to set a new standard for in-car technology [1][2] Development and Collaboration - The development of the latest Toyota Audio Multimedia system focused on customer and dealer feedback, with collaboration between Toyota Motor North America (TMNA), Toyota Connected North America (TCNA), and Toyota Motor Corporation (TMC) [2] - The system will benefit from over-the-air updates, enhancing the ownership experience over time [2] Technological Advancements - The new system integrates 5G network connectivity powered by AT&T, improving reception and speed across North America [3] - It utilizes Automotive Grade Linux and Woven by Toyota's Arene software development kit, marking a step towards fully software-defined vehicles [3] User Experience and Interface - The user interface features a customizable home screen with widgets for navigation, audio, and other functions, displayed on a 10.5-inch or 12.9-inch touchscreen [4][5] - A Quick Control Menu allows easy access to frequently used settings, enhancing user convenience [6] Voice Assistant Features - The Toyota-developed Voice Assistant now offers faster responses and can be activated with natural language commands like "Hey Toyota" [8][9] - The system allows users to control various vehicle features, including audio and climate settings, without needing a cloud connection [10] Navigation and Drive Recorder - Native navigation is now available in full screen on the multi-information display (MID), providing turn-by-turn directions directly in the driver's line of sight [11] - The new Drive Recorder feature utilizes external cameras to capture video clips of events, functioning like a dashcam [13][14] Electric Vehicle (EV) Features - The system introduces an EV Domain for plug-in hybrid electric vehicles (PHEVs), allowing drivers to manage charging schedules and access EV routing [15][16] - The EV Domain integrates with the Toyota app for remote control of charging needs [17] Enhanced Remote Connect and Entertainment - The latest system offers upgraded Remote Connect features, allowing control of various vehicle functions via the Toyota app [18] - New entertainment options include SiriusXM with 360L and integrated streaming with Spotify, providing a wide range of content for users [20][22]

Group 1 - The retail sales of new energy passenger vehicles reached 1.296 million units in September, representing a year-on-year growth of 15.5% and a month-on-month increase of 16.2%. Cumulatively, from January to September, retail sales totaled 8.866 million units, marking a growth of 24.4% [2] - Polestar has closed its last direct sales store in China, located in Shanghai, as part of a strategic adjustment to better align with the rapidly changing consumer demands in the Chinese market. The company emphasized that other operations in China remain unaffected and that it will primarily adopt an online sales model [2] - Lexus has announced a new LS model that will transform into a six-wheeled MPV, with a concept car set to debut on October 29. The new design is expected to be more upright and boxy compared to the LM model, featuring illuminated wheel designs [2][3] Group 2 - The new electric MINI JCW has been launched with an official price of 299,800 yuan, maintaining the same price as the previous model. The updated version has improved energy consumption from 13.8 kWh/100 km to 12.2 kWh/100 km, and the CLTC range has increased from 412 km to 468 km. A limited-time promotional price of 224,800 yuan is available until October 31, 2025 [4]

Core Viewpoint - Toyota plans to launch its first mass-produced vehicle equipped with solid-state battery technology as early as 2027, aiming to lead in range, charging speed, and performance [1] Group 1: Company Developments - The solid-state battery technology utilizes a more stable solid electrolyte, offering advantages such as higher energy density, smaller size, high-temperature resistance, and reduced fire risk [1] Group 2: Stock Performance - Toyota's stock rose over 2% in pre-market trading, with a pre-market price of $189.230, reflecting a 2.16% increase from the previous close [1] - The closing price on October 10 was $185.220, down 3.70% from the previous trading session [1] - The stock has a market capitalization of approximately $241.415 billion and a price-to-earnings ratio of 7.79 [1]

Core Insights - The essence of lean management is to create maximum value for customers with minimal resources, and any investment not aligned with customer needs is considered waste [1][7]. Misconceptions about Lean Management - Many chain restaurants misunderstand lean management, equating it with meticulous detail or cost-cutting, which can lead to inefficiencies [2][3]. - Lean is not merely about standardization or rigid processes; it should focus on optimizing workflows and tools to facilitate standards implementation [3][4]. Toyota's Success and Investment - Toyota, originally a textile machine manufacturer, transformed into a leading automobile company, achieving a profit of 4.8 trillion yen and cash reserves of 8.98 trillion yen in the last fiscal year [4]. - Despite challenges in the Chinese market, Toyota invested 30 billion RMB in research for new energy vehicles, highlighting its commitment to innovation [4]. Importance of Customer Value - Defining customer value is crucial; businesses should avoid unnecessary expenditures and focus on what customers are willing to pay for [11][12]. - A high-efficiency daily management system is essential for long-term success, emphasizing the importance of planning and performance metrics [12][19]. Continuous Improvement and Waste Elimination - Continuous improvement activities should focus on eliminating waste, including underutilized resources and excessive processing that does not add value to the customer [20][21]. - Effective management should aim for balanced workloads and efficient use of personnel, rather than merely increasing headcount [20][24]. Standardization and Talent Development - Establishing a standardized system is vital, with a focus on creating detailed management standards rather than relying solely on top performers [24][25]. - Talent development should follow a structured approach, ensuring that employees are trained effectively and that there is a clear pathway for growth within the organization [25]. Lean Leadership and Culture - Lean leadership emphasizes coaching and respect for individuals, fostering a culture of continuous improvement and accountability [25][26]. - The organizational culture should reflect the values and behaviors expected from employees, which should be reinforced through management practices rather than mere slogans [26].

Core Insights - Recent breakthroughs in solid-state battery technology have been reported by multiple Chinese research teams, focusing on overcoming the "solid-solid interface" challenge, which is a significant barrier to commercialization [2][4][5] - The introduction of Dynamic Adaptive Interface (DAI) technology allows solid-state batteries to maintain stable cycling even under low or zero external pressure, achieving over 70% capacity retention after 300 cycles [2][5] - The advancements in solid-state batteries are still in the research phase, with experts estimating a potential timeline of 5 to 8 years for mass production, suggesting that large-scale commercialization may not occur until around 2030 [4][5] Research Breakthroughs - The research led by Huang Xuejie’s team at the Chinese Academy of Sciences has made significant progress in addressing the solid-solid interface issue, which has been a major challenge for solid-state lithium batteries [2][7] - Another team from the Institute of Metal Research has innovated at the molecular level to reduce interface impedance and enhance ion transport efficiency, with their findings published in Advanced Materials [2][16] - Tsinghua University’s team has developed a new fluorinated polymer electrolyte that significantly increases energy density, achieving 604 Wh/kg and 1027 Wh/L, nearly double that of current liquid electrolyte lithium batteries [14][16] Industry Implications - Despite the promising research, experts caution that the transition from laboratory breakthroughs to commercial applications remains a lengthy process, with significant challenges in manufacturing and cost still to be addressed [4][21] - Toyota, a leading player in the solid-state battery space, has set ambitious timelines for mass production, aiming for 2027-2028, while also investing heavily in partnerships and production facilities [18][21] - The solid-state battery technology race is ongoing, with various companies exploring different approaches, but the consensus is that solid-state batteries may only find niche applications in high-end markets, rather than becoming mainstream [21][23]

Core Viewpoint - Toyota has improved the range of its electric vehicle "bZ4X" by 25%, reaching a maximum of 746 kilometers, making it the longest range among domestic EVs in Japan [2][4]. Group 1: Vehicle Improvements - The range increase is achieved by enhancing the total battery capacity and reducing energy loss in the "e-Axle" drive system [2][4]. - The bZ4X can now travel from Tokyo to Aomori or Okayama on a full charge [4]. - Acceleration performance has been enhanced, with the time to accelerate from 0 to 100 km/h reduced to 5.1 seconds, a decrease of 1.8 seconds [5]. Group 2: Charging Enhancements - Improvements have been made for charging in cold climates, including a preheating function for the battery, allowing charging in temperatures as low as -10 degrees Celsius within 28 minutes [4]. - Toyota will sell its first home charger with an output power of 6 kW, which is double that of other brands, capable of storing enough energy for a 300 km range in 8 hours [5]. - A new charging service called "TEEMO" will be launched, allowing users to access chargers at Toyota dealerships with a pay-per-use model, benefiting both Toyota and other brand EV users [5].

Group 1: Hong Kong Stocks - Nocera Biotech (09969) fell over 8% after announcing a licensing collaboration with Zenas for three self-immune pipeline products [1] - Pop Mart (09992) rose over 2% as new products sold out immediately, with Morgan Stanley optimistic about the company's sales momentum [1] - Bluec (00325) increased over 8% after launching new "building block cars" and "building block figures" at the WF2025 exhibition [1] - Huaxin Cement (06655) rose over 7% after announcing a name change to "Huaxin Building Materials" and a restricted stock incentive plan [1] - Mixue Group (02097) gained over 5% after announcing an investment of nearly 300 million in the fresh beer industry, potentially opening up long-term growth opportunities [1] - CATL (03750) dropped nearly 6% as the cornerstone lock-up period is set to expire on the 19th of next month, with both Morgan Stanley and others downgrading the company's H-share rating [1] - Dazhong Public Utilities (01635) rose over 9%, stating that its operations are normal and previously mentioned its stake in Shenzhen Capital Group [1] - Jinli Permanent Magnet (06680) increased nearly 1%, forecasting a year-on-year increase of 157%-179% in net profit attributable to shareholders for the first three quarters [1] Group 2: Gold Stocks - Gold stocks opened lower collectively, with China Gold International (02099) down over 7%, Zijin Mining International (02259) down over 1%, Shandong Gold (01787) down over 6%, and Chifeng Jilong Gold Mining (06693) down over 6% due to easing geopolitical tensions leading to a pullback in precious metals [2] Group 3: US Stocks - AMBO Education (AMBO.US) surged 61.06% after announcing the launch of a real-time translation platform, WeSpeak, for enterprises [3] - CenturyLink (VNET.US) fell 3.13% as Goldman Sachs included it in a "strong buy" list for the Asia-Pacific region [3] - UiPath (PATH.US) rose 18.81% after announcing multiple collaborations with major tech companies like NVIDIA, OpenAI, Google, Microsoft, and Snowflake [3] - Tuniu (TOUR.US) decreased by 0.51%, despite a double-digit increase in user travel during this year's "Double Festival" holiday compared to last year [3] - Tesla (TSLA.US) fell 0.72% after reports that production of its humanoid robot, Optimus, has been paused [3] - Toyota (TM.US) dropped 2.97% after a recall of over 390,000 vehicles in the US due to software errors [3] - Lloyds Bank (LYG.US) decreased by 3.67% as it may need to increase provisions following a compensation plan for mis-sold auto loans [3] - Ferrari (RACE.US) fell 14.99%, reaching a six-month low as long-term profit guidance fell below expectations [4] - TSMC (TSM.US) decreased by 1.52%, projecting a consolidated revenue of approximately NT$330.98 billion for September 2025, a 1.4% decrease quarter-on-quarter but a 31.4% increase year-on-year [4] - PepsiCo (PEP.US) rose 4.23% with Q3 net revenue increasing by 2.7% to $23.94 billion, and core EPS of $2.29, both exceeding expectations [4]

"我们确信可以推出超越泰国消费者期待的车型"，正如丰田泰国法人社长山下典昭在曼谷 发布会上显示出的自信，这款车型的开局良好。相关人士透露，在 YARIS ATIV 混动版发售 后的 8 月底，在泰国举行的展会上获得了超出预期的订单。 日经BP成立于1969年4月, 隶属于日本经济新闻社集团。作为日本领先的B2B媒体公司，我们聚焦"经营 管理"、"专业技术"及"生活时尚"三大主要领域，满足客户多元化的需求。 本文的3个要点 丰田 8 月下旬在泰国推出了小型轿车" YARIS ATIV "的混合动力版（ HV ）。年内将以 71.9 万泰铢（约合人民币 16 万元）的限定价格销售，比此前投放泰国市场的 HV 之中最便 宜的小型 SUV " YARIS Cross "便宜约 1 成。 编者荐语： 日经中文网"开设了"日经BP精选"栏目。日经BP是日本经济新闻社媒体集团的一员，成立于1969年。作 为日本领先的B2B媒体公司，聚焦经营管理、专业技术及生活时尚三大主要领域。敬请读者关注。 以下文章来源于日经BP ，作者日经BP 日经BP . 阅读更多内容请点击下方"阅读原文" （本文由日经BP提供） 1. 丰田在泰国推 ...

撰文 / 张 南 编辑 / 黄 大 路 设计 / 慕 衍 最近，固态电池领域一下来了三个好消息，两个来自中国，一个来自日本。 第一个好消息，2025年10月7日，光明网发布消息称，中国科学院金属研究所科研团队在固态锂电池领域取得突破，为解决固态电池界面阻抗大、离子 传输效率低的关键难题提供了新路径。 该研究成果已于近日发表在国际学术期刊《先进材料》（Advanced Materials）上。 第二个好消息，新华每日电讯 2025 年 10 月 8 日的报道称，记者从中国科学院物理研究所获悉，黄学杰团队等开发出了一种阴离子调控技术，它成功解 决了全固态金属锂电池中电解质与锂电极之间难以紧密接触的世界性难题。 相关研究成果已于7日发表在国际学术期刊《自然-可持续发展》（Nature Sustainability）上。 面对中方连续两个好消息，日方坐不住了。 10月8日，丰田发布消息，丰田汽车和住友金属矿业（SMM）已达成协议，共同开发和生产用于电动汽车（BEV）的全固态电池的正极材料，这是住友 金属矿业改造其电池材料业务举措的一部分。 鉴于中国在磷酸铁锂和三元电池领域的突出优势，现在国外特别是日本希望能够在固态电 ...

Core Viewpoint - The article discusses how Japanese automakers have responded to increased tariffs imposed by the Trump administration by collectively lowering prices instead of passing costs onto consumers, creating an unexpected buffer against inflation in the U.S. market [1][3][4]. Group 1: Japanese Automakers' Pricing Strategy - Following the announcement of a 25% tariff on imported vehicles, Japanese automakers adopted a "price reduction" strategy to maintain market share in the U.S. [3][5]. - The price index for cars exported to North America dropped by 19.4% year-on-year, indicating a significant reduction aimed at stabilizing prices in the U.S. market [5][6]. - Despite a decline in profits, Japanese manufacturers managed to maintain a 1.3% increase in sales revenue, demonstrating the effectiveness of their pricing strategy [6]. Group 2: Impact of Tariffs on Inflation - The collective price reductions by Japanese automakers have contributed to a decrease in the Personal Consumption Expenditures (PCE) index for imported vehicles, which fell by 0.52% in May, marking the largest drop in nearly a year [16][17]. - However, the overall impact on U.S. inflation has been limited, as the weight of Japanese cars in the PCE index is relatively small, accounting for only about 0.5% [17][19]. - The strong U.S. market has allowed for a "neutralization" effect on inflation, where competitive pressures have absorbed tariff impacts without significantly raising consumer prices [14][19]. Group 3: Broader Global Manufacturing Trends - Other countries, including South Korea and Germany, have also seen similar price reductions in key export sectors, indicating a widespread response to U.S. tariffs [4][19]. - The phenomenon of "price elasticity" in the U.S. market has forced foreign manufacturers to absorb costs rather than pass them on to consumers, creating a temporary buffer against inflation [12][20]. - The overall trend suggests that the competitive landscape in the U.S. has led to a collective effort among global manufacturers to mitigate inflationary pressures through price adjustments [20][39]. Group 4: Future Implications for Inflation - As Japanese automakers begin to raise prices in response to profit pressures, the previous buffer against inflation may diminish, potentially leading to renewed inflationary pressures in the U.S. [22][28]. - The combination of rising import prices and the depletion of existing inventory is expected to contribute to an upward trend in inflation indicators [34][39]. - The ongoing monetary policy changes, including potential interest rate cuts, may further complicate the inflation landscape, suggesting a challenging environment for both manufacturers and consumers [38][39].