核心观点： 智能驾驶： 特斯拉 Robotaxi6 月 22 日在得州奥斯汀试运行。马斯克在 X 平台上透露，特斯拉的自动驾驶 Robotaxi 服务暂定于 6 月 22 日在得州奥斯汀试运行，届时他将亲自出席启动仪式。不过，马斯克也表示，这一日期仍有可能变动。马斯克 强调，由于对安全的"极度谨慎"，启动日期可能会有所调整。但是马斯克此前曾向媒体透露，此次试运行规模极小， 仅涉及 10 到 20 辆 Robotaxi，车型锁定为 Model Y，搭载公司全新的"无监督版"FSD（完全自动驾驶）技术。 小鹏 G7 首秀 Ultra 配备三颗小鹏汽车自研的图灵 AI 芯片。6 月 11 日，小鹏汽车旗下全新中型 SUV 小鹏 G7 正式发 布，共推出 Max 和 Ultra 两个版本：前者标配两颗 Orin-X 芯片，后者配备三颗小鹏汽车自研的图灵 AI 芯片，整体算 力更高。作为小鹏汽车今年的重磅车型，小鹏 G7 首发搭载了图灵 AI 芯片，车内共集成三颗芯片。在巨大的算力支撑 下，G7 具备运行的 VLA-OL 模型，拥有"大脑＋小脑"，能让大模型实现从"持续强化学习"到"自主强化学习"。 机器人： 养老机器 ...

Core Insights - The 2025 New Energy Vehicle (NEV) rural promotion event is the largest and most extensive since its inception, aiming to enhance NEV consumption in rural areas and build a green, low-carbon, intelligent, and safe transportation system for rural residents [1][12] Group 1: Market Potential - The rural market for NEVs is considered a blue ocean, with predictions indicating that by 2030, the car ownership per thousand people in rural areas could reach 160, resulting in a total ownership exceeding 70 million vehicles and a market size potentially surpassing 500 billion yuan [4] - As of June 2023, the NEV penetration rate in first-tier cities has exceeded 60%, while rural areas only accounted for 4% of total vehicle sales, indicating significant growth potential [13] Group 2: Vehicle Offerings - This year's event features a record 124 vehicle models, significantly more than previous years, which had 60, 52, 70, 69, and 99 models respectively from 2020 to 2024 [5] - The variety of models has expanded to include off-road vehicles, commercial vehicles, pickups, and light trucks suitable for rural use, with popular models such as BYD Qin PLUS and Tesla Model 3 included [5][9] Group 3: Participation and Sales Growth - The number of participating brands has increased from 10 to 33, with several new energy vehicle startups like NIO, Li Auto, and Xpeng joining the initiative [7] - Sales from the NEV rural promotion events have shown significant growth, with total sales reaching over 3.2 million units in 2023, and an expected increase to over 4 million units by 2025 [14]

Recent Activities - Indonesia Discovery Program 2025: Healthcare is a three-day on-site visit program aimed at helping Chinese companies explore opportunities in the Indonesian healthcare market, scheduled for July 29-31 in Jakarta [2] Company Dynamics - TikTok's overseas monthly active users on mobile devices have surpassed 1 billion for the first time [3] - JD Logistics has reportedly recruited over 1,000 team members in Saudi Arabia [3] - AliExpress has launched a car sales business, initially offering Chinese electric vehicles in the Middle East [3] - Geek+ has received a listing notification from the China Securities Regulatory Commission, indicating plans to list in Hong Kong [4] - The European Central Bank President Christine Lagarde's visit to China signals potential expansion of autonomous driving services in Europe [4] - Trip.com has opened over 1,100 overseas positions across 75 cities in 23 countries, aiming for a significant increase in international revenue [5] - Ant Group's Ant Financial has initiated the application for a stablecoin license in Hong Kong [6] - XPeng Motors aims to introduce advanced driver assistance systems in Hong Kong [7] - Chery plans to use Hong Kong as a new starting point for international capital markets [7] - Leap Motor has officially entered the Hong Kong market and is planning localization in Europe and Southeast Asia [7] - Changan Automobile has established nine out of twenty planned overseas factories and is expanding into over 100 countries [8] - GAC plans to enter the Argentine market by the second half of 2025 [8] - TSMC's construction plans for new factories in Japan and Germany may be adjusted due to local market conditions [8] - TikTok is set to expand its investment in the UK to approximately £140 million, creating over 500 new jobs [9] - Transsion's TECNO has formed a strategic partnership with MCR Group to enter the Spanish market [9] - CnEnergy International has signed strategic cooperation agreements for solar projects in Zambia [9] Macro Policies & Industry Data - In the first five months of 2023, China's electric vehicle exports increased by 19%, and industrial robot exports surged by 55.4% [12] - China's trade with Africa has grown significantly, with an average annual growth rate of 14.2% since the establishment of the China-Africa Cooperation Forum [12] - In the first five months, China's automobile exports reached 2.49 million units, a year-on-year increase of 7.9% [13] - The Hong Kong government is actively seeking to attract more Chinese companies to list in Hong Kong [13] - The interconnectivity project between mainland China and Hong Kong's rapid payment systems is progressing smoothly [13] - The Yangtze River Delta region has seen significant growth in cross-border e-commerce and high-end equipment exports [14] Investment and Financing - Yige Cloud has completed a nearly 100 million yuan Pre-B round of financing to enhance its AI-driven enterprise office support platform [15] - Yinghan Power has secured several million yuan in Pre-A+ financing to develop new training devices for professional sports [15] - Liuxing Technology has completed several million yuan in Pre-A financing to advance its intelligent three-dimensional perception technology [15]

Core Viewpoint - Xiaopeng Motors is experiencing a significant turnaround in 2023, with increased sales and a positive market perception, highlighted by the launch of the G7 model, which features advanced AI capabilities and competitive pricing [4][10]. Product Launch and Features - The G7 is priced at 235,800 yuan, and within 46 minutes of its launch, it received 10,000 pre-orders [5]. - The G7 comes in two versions: the Ultra version with three Turing AI chips and the Max version with two Orin-X chips, both offering a standard range of 702 km [5][6]. - The Ultra version boasts an effective computing power exceeding 2200 TOPS, significantly higher than competitors, enhancing both driving assistance and user experience [6][7]. Market Position and Competition - Xiaopeng aims to compete in the 200,000 yuan SUV market, directly challenging Tesla's Model Y and other competitors like Xiaomi's YU7 [9][10]. - The company has seen a 300% year-on-year increase in vehicle deliveries, with over 160,000 units delivered in the first five months of the year [10]. Strategic Goals and Future Outlook - Xiaopeng plans to invest at least 4.5 billion yuan in AI development this year, aiming for profitability in Q4 2023 [13][14]. - The company is preparing to introduce high-level intelligent driving capabilities in Hong Kong and expand into more overseas markets [11][12]. Technological Advancements - The G7 features an AR-HUD developed in collaboration with Huawei, enhancing navigation in adverse weather conditions [8]. - Xiaopeng emphasizes the importance of computing power in AI vehicles, with the G7 being the first to achieve L3-level computing capabilities, although it is not classified as an L3 vehicle yet [7][23]. Consumer Insights and Market Trends - The increasing penetration of new energy vehicles in the market has shifted competition from within the segment to include traditional fuel vehicles [19]. - Xiaopeng's strategy includes offering a range of battery options to address consumer concerns about electric vehicle range, particularly in the 200,000 yuan market [20].

车企集体承诺账期不超过60天，让不少行业人士感到欢欣鼓 舞，因为汽车产业链上下游，苦长账期久矣。但在乐观氛围之 下，更多的人保持着冷静，指出解决长账期问题仍有许多不可 回避的难点。 作者： 周菊 周信 封图：图虫创意 6月10日，中国钢铁行业协会发布《维护产业链整体利益共同抵制"内卷式竞争"》一文，痛斥部 分汽车企业依托自身供应链金融平台，在钢铁等上游企业供货后，延迟几个月才通过企业汇票支 付，并不断拉长供应商账期，导致钢厂资金压力倍增。该协会称，将坚持行业提出的"不给钱不发 货"的原则，坚决抵制拖延货款的不良行为。 伴随十多家整车企业集体承诺将缩短账期至60天以内，压在供应商头顶的账期难题有了解除的可 能性。 整个汽车行业也希冀，往后整车厂与供应商能够扭转当前不健康的合作模式，共同推动行 业高质量发展。 乐观氛围之下，更多的人保持着冷静。车联天下CEO杨泓泽在社交媒体上发文指出，账期对供应 链是个天大的事，对车企也是。缩短账期本质是打破"车企吃供应商"的零和博弈，且车企宣布60 天账期背后，尚有账期计算方式的货款结算方式等诸多环节并不明确，而这可能让60天账期的执 行大打折扣。 身处账期"风暴眼"当中的整车 ...

近十年来，我国新能源汽车实现了飞速增长，持续的财政补贴和税收减免政策在其中起到了关键作用。据不完全统计，2009年—2019年，我国新能源汽车补 贴金额超千亿元。目前国家补贴已退出，部分地方政府补贴仍在延续。另外，国家税务总局数据显示，2014年9月—2023年6月，我国共免征新能源汽车车辆 购置税超2600亿元。 当前，燃油车贡献着汽车行业绝大多数的税收，2023年燃油车相关税收达万亿元，而新能源车仍靠税费优惠发展。在行业"内卷"加剧的情况下，燃油车与新 能源车税收不公平的问题愈发凸显。 油电税费差异显著 李凤刚所言"燃油车比新能源车税费高出15%"，有一定的依据。按照现行的税收政策，以一辆30万元的车为例，燃油车需要在购置环节缴纳购置税和消费 税，其中，购置税按10%（计算公式：车价÷1.13×10%）征收，为2.65万元，消费税按市场畅销的2.0T排量计算，税率为5%，即1.5万元。另外在使用环节， 燃油车需要每年缴纳车船税，以2.0T计算约为0.42万元。依此计算，在车船税仅计算一年的情况下，30万元燃油车需要缴纳的税费总额为4.57万元，占车价 30万元的15.2%。新能源车则无需承担这三项税费。 ...

Group 1: Sports and Events - Sichuan's "Bashu Xiongjing Cup" will draw on the successful development experience of the "Supert League" to enhance the event system and promote fair competition [1] - The competition is scheduled to take place from June 21 to July 6, 2025, with the finals set for September 5 to September 27, featuring both men's and women's teams in an eleven-a-side format [1] Group 2: Automotive Industry - Xiaopeng Motors aims to be among the first companies to introduce advanced intelligent driving assistance in Hong Kong, with plans for vehicle readiness and software development within two months [3] - The company is looking to leverage Hong Kong as a launchpad for global expansion in the smart driving sector [3] Group 3: Financial Technology - Ant Group's Ant Digital has initiated the application for a stablecoin license in Hong Kong, having already engaged in multiple rounds of discussions with regulators [4] - The establishment of "Ant Xinneng" in collaboration with GCL-Poly is part of Ant's strategy to anchor its global financial presence [4] Group 4: Technology and AI - Scale AI has received a significant new investment from Meta, with CEO Wang Tao stepping down to join Meta while remaining on Scale AI's board [5] - The company is actively seeking a new CTO to strengthen its engineering team [5] Group 5: Market Regulation - The State Administration for Market Regulation reported that over 99.5% of 3,605 batches of frozen beverages passed inspection, indicating a stable improvement in food safety [6] Group 6: Robotics and Elderly Care - The Ministry of Industry and Information Technology and the Ministry of Civil Affairs are launching pilot projects for smart elderly care robots in various settings, with preparations already underway in Hunan [7] Group 7: Corporate Earnings - Adobe reported Q2 revenue of $5.87 billion, exceeding analyst expectations of $5.8 billion, with projected digital media revenue for Q3 between $4.37 billion and $4.4 billion [8] Group 8: Mergers and Acquisitions - BioNTech has signed an agreement to acquire CureVac for $1.25 billion, aimed at enhancing its mRNA cancer immunotherapy research and commercialization efforts [9] Group 9: Stock Market Regulation - The Hong Kong Securities and Futures Commission is considering optimizing the Stock Connect program and adjusting the minimum trading lot size to enhance market liquidity [11][12] Group 10: Real Estate Initiatives - The Guangxi government aims to acquire 25,000 units of existing commercial housing by 2025 as part of its consumption promotion strategy [13]

Core Viewpoint - Xiaopeng Motors has launched its self-developed Turing chip in its new model, the Xiaopeng G7, which is positioned to enhance the company's capabilities in the competitive smart driving market [1][2]. Group 1: Product Launch and Specifications - The Xiaopeng G7 is available in two versions, Max and Ultra, with a pre-sale price of 235,800 yuan. The G7 Max features dual NVIDIA Orin-X chips with a computing power of approximately 500 Tops, while the G7 Ultra is equipped with three Turing chips [1]. - The effective computing power of one Turing chip is equivalent to three NVIDIA Orin-X chips or two Tesla FSD chips, with ongoing optimizations expected to enhance this capability further [1][2]. - The G7's total effective computing power exceeds 2,200 Tops, significantly surpassing industry standards and meeting the requirements for L3-level intelligent driving assistance [1]. Group 2: Chip Development and Strategy - Xiaopeng invested over 10 billion yuan and spent five years developing the Turing chip, which began with team formation in late 2020 and achieved successful functionality verification within 40 days last year [2][3]. - The company aims to improve the efficiency of computing power usage, distinguishing its self-developed chip from generic industry chips that may include unnecessary computational capabilities [3]. - The Turing chip is designed to support both intelligent driving and smart cockpit functionalities, marking a significant evolution in automotive AI capabilities [4][5]. Group 3: Market Positioning and Competition - The G7 is strategically positioned in the competitive 250,000 yuan SUV market, traditionally dominated by Tesla's Model Y, which sold over 100,000 units in China in the first five months of this year [8]. - Xiaopeng's G7 has already received over 10,000 orders within 46 minutes of its pre-sale launch, indicating strong market interest [8]. - The company acknowledges the challenges of competing in a market that prioritizes practicality and space over technological performance, suggesting that sustained growth will depend on market acceptance [9]. Group 4: Research and Development Investment - Xiaopeng plans to allocate approximately 4.5 billion yuan of its R&D budget this year towards AI development, with total R&D expenditures nearing 10 billion yuan [10]. - The company is confident in achieving profitability by the fourth quarter, supported by its high R&D investment and the successful launch of the G7 [10]. - Xiaopeng aims to establish a competitive edge in the AI automotive sector, emphasizing the importance of innovation and a unique development path [10].

" 一辆「未来」的车，怎么拿下现在的市场？ " 作者丨 韦艳娇 编辑丨田哲 从细分市场来看，小鹏G7与小鹏SUV产品线上的G6、G9差别不大，依然聚焦于家庭SUV用车。 对此，负责小鹏G系列车型的产品负责人Nike对三款车型的用户群进行解读。他表示，G6主要面向追求实 用与科技平衡的小康家庭；G7则聚焦中产年轻用户及家庭，强调空间表现与AI科技体验；而G9则面向对 性能、品质和整体驾乘体验有更高要求的用户群体。 小鹏G7的加入，标志着小鹏对SUV产品线的布局更加精细化，也凸显了其在该细分市场的战略重点。 自去年以来，小鹏汽车凭借MONA M03和P7+两款爆款车型逐步扭转颓势，但这两款车售价均在20万元 以下，其中售价在10-15万元区间的MONA M03，自上市以来占据了近一半销量。尽管高销量有助于摊 薄成本，但受限于较低的单车售价，仅靠MONA走量，恐难支撑小鹏实现今年四季度的盈利目标。 这是小鹏汽车今年第一款全新车型，号称"全球首款L３级算力AI汽车"。 6月11日，小鹏汽车旗下全新中型SUV——小鹏G7正式发布，共推出Max和Ultra两个版本：前者标配两 颗Orin-X芯片，后者配备三颗小鹏汽车自研 ...

" 一辆「未来」的车，怎么拿下现在的市场？ " 作者丨 韦艳娇 编辑丨田哲 这是小鹏汽车今年第一款全新车型，号称"全球首款L３级算力AI汽车"。 6月11日，小鹏汽车旗下全新中型SUV——小鹏G7正式发布，共推出Max和Ultra两个版本：前者标配两 颗Orin-X芯片，后者配备三颗小鹏汽车自研的图灵AI芯片，整体算力更高。 智能辅助驾驶体验方面，两者也设定了不同的接管目标。小鹏汽车团队预计Ultra版本每百公⾥接管⼀次， Max版本实现50公⾥接管⼀次。 据介绍，小鹏G7预售价为23.58万元起，将于今年第三季度上市。 小鹏G7 从细分市场来看，小鹏G7与小鹏SUV产品线上的G6、G9差别不大，依然聚焦于家庭SUV用车。 对此，负责小鹏G系列车型的产品负责人Nike对三款车型的用户群进行解读。他表示，G6主要面向追求实 用与科技平衡的小康家庭；G7则聚焦中产年轻用户及家庭，强调空间表现与AI科技体验；而G9则面向对 性能、品质和整体驾乘体验有更高要求的用户群体。 小鹏G7的加入，标志着小鹏对SUV产品线的布局更加精细化，也凸显了其在该细分市场的战略重点。 自去年以来，小鹏汽车凭借MONA M03和P7+两款 ...