6月26日，小鹏汽车宣布，小鹏X9正式在印尼上市，起售价为9.9亿印尼盾。另外，右舵版小鹏X9将于 今年7月在雅加达当地投产，标志着小鹏汽车首个海外本地化生产项目在印尼即将正式启动。(智通财 经) ...

Market Capitalization Changes - The market capitalization of global automotive manufacturers has shown significant fluctuations as of June 26, 2025, with notable changes in values for various companies [1]. - Toyota remains the largest automaker by market capitalization at $2211.81 billion, despite a decrease of $31.86 billion [3]. - Xiaomi Automotive has seen a substantial increase in market value, rising by $49.35 billion to reach $1870.28 billion [3]. Company Performance - BYD's market capitalization decreased by $38.21 billion, bringing its total to $1454.3 billion [3]. - Ferrari's market value increased by $4.8 billion, now standing at $846.68 billion [3]. - Mercedes-Benz experienced a decline of $5.67 billion, resulting in a market cap of $550.01 billion [3]. Other Notable Changes - General Motors' market capitalization fell by $8.39 billion to $462.74 billion [4]. - Ford's market value decreased by $9.94 billion, now at $416.74 billion [4]. - NIO's market capitalization is reported at $77.4 billion, with a slight decrease of $0.67 billion [5].

Domestic News - China and Hungary signed a cooperation document to enhance collaboration in the automotive industry, focusing on autonomous driving technology and charging infrastructure [2] - Beijing will allocate 10,000 oil vehicle quotas for the car license plate lottery on June 26, with a total of 2,563,334 valid applications for family cars and 2,568,088 for personal cars [3] - Guangzhou implemented a policy allowing applicants who have not won the lottery for a long time to directly receive license plates, aiming to ease car purchase restrictions [4] - From June 1 to June 22, the national retail sales of passenger cars reached 1.269 million units, a year-on-year increase of 24%, with new energy vehicles accounting for 690,000 units sold [5] International News - In May, European car sales reached 1.11 million units, showing a year-on-year growth of 1.9%, while Tesla's new car registrations in the EU fell by 40.5% [6] Corporate News - Bosch plans to invest over €2.5 billion in artificial intelligence by the end of 2027 [9] - Nissan expects an operating loss of ¥200 billion (approximately RMB 9.9 billion) for Q2 2025, following a significant restructuring plan [10] - GAC Group applied for a patent to improve vehicle communication stability with parking lots [11] - Seres Automotive completed a strategic capital increase of RMB 5 billion, bringing in strategic investors without affecting its status as a subsidiary [12] - XPeng Motors aims for half of its sales to come from overseas markets by 2027, planning to enter over 60 countries [13] - Tesla's first grid-side energy storage project in mainland China is expected to be operational this year, with a storage capacity of 300 MWh [14] - Four-dimensional Map's SoC chip shipments have reached 90 million units, with MCU chip shipments exceeding 70 million units [15]

十五运和残特奥会广州赛区执委会常务副主任、秘书长彭高峰介绍，首批合作范围广泛、内容新颖，不 仅在助力企业战略咨询、重点项目招商引资、体育场馆设施焕新等传统领域深化合作，更在新经济、新 赛道上携手并进，共同探索低空经济生态共建、"丝路电商"创新场景打造、城市第五立面前瞻设计、热 门游戏"广州副本"植入以及基于AI大模型的音乐共创等前瞻性项目。 6月25日，首批广州"城市合伙人"发布活动在广州市规划展览中心召开。活动现场官宣了首批15家"城市 合伙人"企业，包括战略合作伙伴：京东集团、中国邮政、世邦魏理仕、立邦投资、德勤咨询、滴滴集 团；超级合伙人：唯品会、三七互娱、小鹏汽车、趣丸科技、比音勒芬；城市梦想家：广州建廷、广东 北斗星、广州同欣、安嘉洁环保。 6月25日，首批广州"城市合伙人"发布活动在广州市规划展览中心召开。 今年2月8日，广州正式推出"城市合伙人"计划，面向全球征集愿"奋斗共同体"。3月3日启动应征至今， 168家海内外企业的积极响应。 此次正式发布的首批15家企业通过赞助、公益捐赠和资源协同等方式参与广州"城市合伙人"计划，合作 内容覆盖了战略咨询、数字科技、低空经济、智能制造等多个关键领域。其 ...

Market Overview - Chinese stock market experienced significant gains, led by brokerage stocks, as the People's Bank of China and six ministries reiterated efforts to promote long-term capital inflow and stabilize the capital market [1] - European stock markets declined, with NATO members committing to increase defense spending to 5% of GDP by 2035, but the market may be entering a profit-taking phase as these expectations are already priced in [1] - US stock market saw slight increases, with technology, communication services, and healthcare sectors rising, while real estate and utilities fell [2] Company Analysis: GuoShengTang (固生堂) - GuoShengTang, a leader in China's private TCM service industry, demonstrated strong revenue growth with a 12.7% year-on-year increase in offline patient visits in Q1 2025, showing a month-on-month acceleration [6] - The company plans to accelerate store expansion, aiming to open 15-20 new stores in 2025, including both self-built and acquisitions, enhancing its market leadership in key regions [6] - GuoShengTang launched the first national TCM AI avatar, which utilizes deep learning from a renowned TCM expert, aiming to improve diagnostic quality and address the shortage of quality TCM resources [7] - The company has a strong focus on increasing self-paid revenue, with less than 30% of its income coming from insurance, and plans to expand treatment and self-paid herbal medicine income [8] - GuoShengTang returned 4.2 billion yuan to shareholders through dividends and buybacks in 2024, representing 137% of its net profit for that year, and continues to maintain a robust cash flow for shareholder returns [8] - The company maintains a "Buy" rating with a target price of 52.75 HKD, expecting revenue growth rates of 26.7%, 25.9%, and 25.0% for 2025E, 2026E, and 2027E respectively [8] Company Analysis: Carote (卡罗特) - Carote's sales growth is expected to remain weak in Q2 2025, similar to Q1, with a forecasted single-digit growth due to high base effects from the previous year and ongoing macroeconomic challenges [9][10] - The company has adjusted its sales growth forecast for FY 2025 from 23% to 14%, anticipating a slowdown in demand in key markets like China and Europe [10] - Recent tariff increases on steel and aluminum products significantly impact Carote's gross margins, with total tariffs on exports to the US potentially reaching 73.3% [11] - The rating for Carote has been downgraded to "Hold" with a target price of 4.64 HKD, reflecting the anticipated decline in net profit and sales growth due to rising tariffs and weak demand [11]

Group 1 - The competition in the Robotaxi market is intense, with only three companies, Waymo, Pony.ai, and Baidu, meeting the standards for scale and automation, according to Pony.ai's CTO [4] - ByteDance's AI research team leader, Kong Tao, has left the company to start his own venture, indicating a shift in talent within the AI sector [14] - Xiaomi is set to launch its new SUV model, the YU7, with three versions and advanced features, highlighting its commitment to the automotive market [12][13] Group 2 - The semiconductor company, Chipone, has faced severe financial issues, including unpaid salaries and layoffs without compensation, raising concerns about its operational stability [8] - Intel is gradually shutting down its automotive business, focusing on its core client and data center products, which may impact its automotive clients [40] - The launch of Cao Cao Mobility on the Hong Kong Stock Exchange marks it as the largest tech mobility platform in Hong Kong, with a valuation of approximately 228 billion HKD [28][29] Group 3 - The ongoing layoffs at Microsoft’s Xbox division reflect a broader strategy to shift resources towards cloud services, indicating a significant restructuring within the company [41] - DJI is experiencing severe shortages of its drones in the U.S. market, leading to speculation about its future in that region, although the company remains committed to the market [22][23] - Ningde Times emphasizes overseas expansion as a priority amidst fierce competition in the domestic electric vehicle market, highlighting concerns over unhealthy competition [34][35]

乘联分会：6月1-22日全国乘用车市场零售126.9万辆，同比增长24% 乘联分会数据显示，6月1-22日，全国乘用车市场零售126.9万辆，同比去年6月同期增长24%，较上月同 期增长8%，今年以来累计零售1,008.6万辆，同比增长11%；6月1-22日，全国乘用车厂商批发123.8万 辆，同比去年6月同期增长14%，较上月同期增长9%，今年以来累计批发1,202.8万辆，同比增长12%。 当地时间6月24日，比亚迪与欧洲钢铁制造商奥钢联集团（voestalpine）在奥地利维也纳签署合作协 议，voestalpine将为比亚迪匈牙利乘用车工厂供应钢材。 中国机电产品进出口商会孙晓红：今年我国汽车出口有望达700万辆 据中证金牛座，6月25日，在2025全球新能源汽车合作发展（上海）论坛上，中国机电产品进出口商会 汽车国际化专业委员会秘书长孙晓红表示，海关数据显示，去年我国汽车出口量达640万辆，按照10% 的增速预测，今年我国汽车出口规模有望达到700万辆。若汽车出口量保持10%以上的增速，到2030 年，我国汽车出口量有望达到1000万辆。 YU7价格会比SU7涨多少？雷军回应：大家一定会觉得是合理的 ...

本文来自微信公众号：电子工程世界 （ID：EEworldbbs），作者：付斌 在汽车芯片领域，一场前所未有的"冰火两重天"大戏正在上演。 曾经被视为"兵家必争之地"的汽车芯片市场，此刻有人黯然离场，又有人踌躇满志。可谓是"甲之蜜 糖，乙之砒霜"。 巨头纷纷退场 就在近期，国际上就发生了五起备受关注的巨头退出事件。 第一，英特尔即将关闭汽车业务，并裁减该部门大部分员工。6月25日消息称，该公司在给员工的一份 通知中表示："英特尔计划逐步停止英特尔架构汽车业务。"该公司还提到，会继续履行对现有客户的承 诺，但会裁减英特尔汽车部门的"大多数"员工。 汽车并非英特尔核心业务，陈立武上任CEO后一直也在强调英特尔要回归核心业务，不过有数据显示目 前有5000万辆汽车使用英特尔的处理器。值得注意的是，目前英特尔还掌握Mobileye多数股权，不过此 项决定似乎不会影响该公司运营；2024年初英特尔收购了电动汽车能源管理SoC公司Silicon Mobility。 第二，安霸(Ambarella)有意出售。6月25日消息称，安霸正在与银行家合作，并已接洽潜在买家。消息 传出后，该公司股价上涨21%，市值达到约26亿美元。该 ...

Group 1 - The U.S. stock market showed mixed results with the Nasdaq rising by 0.31%, while the S&P 500 remained flat and the Dow Jones fell by 0.25% [1] - Major tech stocks had varied performances, with Nvidia increasing over 4% to reach a market capitalization of $3.77 trillion, making it the highest valued company globally [1] - Chinese concept stocks mostly declined, with the Nasdaq Golden Dragon China Index dropping by 0.6% [1] Group 2 - President Trump warned of a potential resurgence in the Israel-Iran conflict during a NATO summit, which led to a significant spike in international oil prices, with WTI crude rising above $66 and Brent crude above $67.50 [2] - Trump emphasized continued pressure on Iran while downplaying the likelihood of a nuclear agreement, indicating flexibility in sanctions policy [2] - Fed Chair Powell suggested that future trade agreements could create room for interest rate cuts, amidst criticism from Trump regarding his intelligence and performance [3][4]

"一把手要亲自管供应链，而且要懂。不亲自管跟不懂，都不行。" 过去两年，小鹏汽车内部掀起反腐风暴，采购成为何小鹏"管得最细的业务"。小鹏曾有不少采购乱象， 包括物流团队在海运中舍弃行业通用的滚装船，选择成本更高的集装箱；公司的座椅成本比同行贵 25%。何小鹏表示，他曾被一条链路的人合伙骗，为了搞明白钢材成本比别人贵很多的问题，"自己花 了9个月"。采购部门负责人李丰也于2023年10月被警方带走调查。 "供应链要亲自管，而且要懂。不亲自管跟不懂，都不行。"今年2月，小鹏汽车CEO何小鹏在接受晚点 LatePost采访时感叹。在整肃供应链、推出新产品等举措下，小鹏汽车的毛利率从2023年第三季度的 -2.7% 提升到今年一季度的 15.6% 。 近日，反腐倡廉仍是汽车行业的主旋律。今年5月以来，东风汽车已有6名干部涉嫌严重违纪违法，正在 接受纪律审查和监察调查，其中包括时年62岁的东风汽车集团有限公司原战略规划部副总经理兼战略发 展研究中心总经理唐腾。 这股反腐之风也从东风刮到了上汽。《21汽车·一见Auto》从多方独立信源处获悉，上汽大众也有一名 采购部门员工被警方带走，科长级别，涉部调查组正在审查更高级别员 ...