Core Insights - Xiaopeng Motors showcased its latest products and technological advancements at the 2025 World Intelligent Connected Vehicles Conference, emphasizing its commitment to innovation in the Chinese smart automotive industry [1][4] - The company focuses on enhancing emotional value for users, moving beyond basic functionality to create deeper emotional connections through design and technology [2][5] Product and Technology - The new Xiaopeng P7 features an upgraded AEB+AES intelligent active safety system, marking a significant technological advancement in active safety architecture and software [2] - Xiaopeng's self-developed Turing AI chip has been integrated into vehicles, leading the way into the L3 computing power era, and the deployment of local VLA+VLM models enhances vehicle intelligence [1][2] Market Expansion and Strategy - Xiaopeng Motors aims to increase its overseas sales proportion to 50% over the next decade, with a goal to expand its business footprint to 60 countries and regions by the end of 2025 [5] - The company has achieved significant growth in exports, with over 29,723 vehicles exported in the first nine months of the year, representing a year-on-year increase of 125.2% [4][5] Future Vision - Xiaopeng Motors is building an "air-ground integration" framework that extends beyond traditional automotive applications, including humanoid robots and flying cars, aligning with the conference's theme of smart transportation and future city integration [2][3] - The company plans to leverage its technological advantages and emotional connections to enhance its global market presence and operational efficiency [5]

Core Viewpoint - The automotive sector is experiencing a decline in stock prices, particularly for companies like Xpeng Motors, Great Wall Motors, GAC Group, and Brilliance China, amid regulatory developments in the electric vehicle market [1] Regulatory Developments - The National Market Supervision Administration announced the establishment of an innovative recall regulatory system for new energy vehicles, including a fire incident reporting system and remote upgrade reporting system [1] - A pilot program for automotive safety sandbox regulation is being initiated, alongside efforts to strengthen supervision over product recalls and consistency in production for smart connected and new energy vehicles [1] - The administration is also working on a notification to regulate false advertising, exaggerated claims, and irrational competition in the automotive sector [1] Company-Specific News - In response to the lawsuit filed by the Government of Singapore Investment Corporation (GIC) against NIO, a representative from NIO stated that the case is not new and is unrelated to the company's recent operational status, stemming from a short-selling report by Grizzly Research in June 2022 [1] - The report by Grizzly Research was characterized as baseless, containing numerous errors and misleading conclusions [1]

Group 1 - The automotive stocks experienced a significant decline, with Xpeng Motors down 4.83% to HKD 78.8, Great Wall Motors down 4.02% to HKD 14.81, GAC Group down 3.5% to HKD 3.31, and Brilliance China down 2.8% to HKD 3.82 [1] - The National Market Regulation Administration announced the establishment of an innovative recall regulatory system for new energy vehicles, which includes a fire accident reporting system and a remote upgrade reporting system [1] - A notification is being drafted to strengthen the supervision of product recalls and production consistency for intelligent connected and new energy vehicles, aiming to regulate false advertising and irrational competition [1] Group 2 - NIO responded to the lawsuit from the Government of Singapore Investment Corporation (GIC), clarifying that the case is not new and is based on unfounded allegations from a short-selling report by Grizzly Research LLC from June 2022 [1] - The report by Grizzly Research contained numerous errors and misleading conclusions, which NIO claims are baseless [1]

谁能想到，当年在《爸爸去哪儿》里操着大喇叭喊"集合啦"的村长李锐，居然是科技公司的总裁，在迪拜拿下超12亿订单。 对此，@村长李锐hntv 发文回应："看到热搜感动哭了（看评论笑死了），原来《爸爸去哪儿》没播以后，还有那么多人怕我没工作，生活受苦，特别感 谢！" 10月16日，"村长"李锐接受@潇湘晨报辣椒财经采访，他表示"这两天本来是在踏踏实实干活，不知道怎么就频频上热搜了，有些事情这次就跟大家聊一 聊，第一件事就是我已经离开了心爱的湖南卫视，自己出来创业，请大家以后多多支持，第二就是在中东拿到12亿的订单，这是我们集体（汇天）努力的 结果，我只是其中的普通一员。" 每经编辑｜程鹏 据悉，小鹏汇天的"陆地航母"采用分体式设计，将飞行汽车分为可自动分离结合的陆行体与飞行体两部分，陆行体可将飞行体完全收纳至车内并进行地面 行驶。 "陆地航母"。图片来源：小鹏汇天官网 公开资料显示，李锐，男，1973年生，吉林长春人，九三学社社员，湖南卫视著名主持人，汇天航空航天公司副总裁、合伙人，中国人形机器人公司优必 选高级副总裁，大爱AI人工智能董事长，兼任小鹏汽车集团副总裁、湖南卫视商业中心副总监。担任湖南红十字会副会长 ...

Group 1 - The core viewpoint is that the Hang Seng Technology sector is in the early stage of a macro liquidity recovery and an AI technology cycle, presenting high mid-term allocation value [1] Group 2 - The current fundamentals of Hang Seng Technology benefit from the explosion in application and content driven by new technological changes, with the AI technology cycle at its starting point [2] - The long-term logic involves competition for user numbers and engagement in a diminishing traffic dividend environment, which tests organizational capabilities [2] - High-quality companies are showing strong shareholder return capabilities post traffic dividend decline, with a focus on tracking EPS changes and policies, particularly in the consumer sector [2] Group 3 - The Hang Seng Technology sector is currently influenced by the Federal Reserve's transition to a liquidity easing phase, following the fastest and most extensive rate hikes since the 1980s [3] - The current price-to-earnings ratio (TTM) for Hang Seng Technology is at the 34th percentile of the past five years [3] Group 4 - Investment recommendations suggest focusing on AI-related sectors, particularly those likely to achieve performance realization first [3] - The AI hardware and computing power supply chain is expected to maintain high prosperity due to accelerated capital expenditure from global major companies [3] - The software application and content ecosystem are in the early stages of AI empowerment, with optimism for overseas software performance and other industry advancements [3] Group 5 - The e-commerce, local life, and advertising technology sectors are performing steadily under policy stimulus and operational efficiency improvements [3] - The acceleration of smart driving and mobility scenarios is anticipated to become a new growth driver for the industry [3] Group 6 - Recommended companies for investment include Tencent Holdings as a preferred choice, Alibaba and Baidu as mid-term elastic stocks, and Lenovo, Yueda Group, Trip.com, and Sunny Optical as stable slow-growth options [3] - Elastic stocks include Kuaishou, Horizon Robotics, Kingdee International, and Xpeng Motors [4]

Group 1 - The core viewpoint is that the Hang Seng Technology sector is in the early stage of a macro liquidity recovery and an AI technology cycle, presenting high mid-term allocation value [1] Group 2 - The current fundamentals of the Hang Seng Technology sector benefit from the explosion in application and content driven by new technological changes, currently at the starting point of the AI technology cycle [2] - The long-term logic involves competition for user numbers and engagement in a market where traffic dividends are gradually diminishing, testing organizational capabilities [2] - High shareholder return capabilities are evident among quality companies following the decline of traffic dividends, with a focus on tracking EPS changes and policies, particularly in the consumer sector [2] Group 3 - The Hang Seng Technology sector is influenced by the Federal Reserve's transition to a liquidity easing phase since September, following the fastest and most extensive rate hikes since the 1980s [3] - The current price-to-earnings ratio (TTM) of the Hang Seng Technology sector is at the 34th percentile of the past five years [3] Group 4 - Investment recommendations suggest focusing on AI-related sectors, particularly those likely to achieve performance realization first, benefiting from accelerated capital expenditure by global companies [3] - The software application and content ecosystem is in the early stages of AI empowerment, with optimism for overseas software performance and other industry advancements [3] - The e-commerce, local life, and advertising technology sectors are performing steadily under policy stimulus and operational efficiency improvements [3] - Intelligent driving and mobility scenarios are accelerating, expected to become new growth drivers for the industry [3] Group 5 - Recommended companies for high performance certainty and leading AI technology and content ecosystem layouts include Tencent Holdings, Alibaba, and Baidu [3] - Mid-term elastic stocks include Lenovo Group, China Literature, Trip.com, and Sunny Optical [3] - Elastic stocks also include Kuaishou, Horizon Robotics, Kingdee International, and Xpeng Motors [4]

0:00 10月16日，在2025可持续全球领导者大会上，小鹏汽车董事长兼CEO何小鹏就全球市场对新能源汽车及 自动驾驶技术的接受度差异发表见解。 何小鹏表示，日本在比较寒冷的区域，而新能源电池在非常寒冷的季节，在过去甚至在现在能力都不 强，所以日本的产品经理跟技术经理不喜欢、不相信。 谈及欧洲市场，何小鹏提到，德国高速公路允许车辆高速行驶，部分路段无明确限速；而英国和法国的 城市道路普遍狭窄，根本没有办法使用自动驾驶。 ...

Core Insights - Xiaopeng Motors plans to achieve mass production of flying cars in 2024, with expectations that its growth rate will surpass that of traditional automobiles [2] - The company anticipates that its future market share in the flying car segment will exceed that of the automotive market [2]

（文章来源：21世纪经济报道） 10月16日，在2025可持续全球领导者大会上，小鹏汽车董事长兼CEO何小鹏表示，小鹏汽车明年计划真 正量产飞行汽车，它的成长速度一定高过汽车，它未来市场份额也将高过汽车。 ...

江苏 Equity Market 10月16日，市场冲高回落，三大指数盘中一度集体翻绿。沪深两市成交额达1.93万亿元，较上一个交易日缩量1417亿元，自9月10日以来再 度失守2万亿元。盘面上，市场热点较为杂乱，全市场近4200只个股下跌。煤炭、保险、港口航运等板块涨幅居前，贵金属、半导体、风电 等板块跌幅居前。截至收盘，沪指涨0.1%，深成指跌0.25%，创业板指涨0.38%。 国内 Domestic Global 10月16日，记者从国家统计局江苏调查总队获悉，9月份江苏居民消费价格同比下降0.3％。其中，城市下降0.2％，农村下降0.6％；食品价 格下降4.2％，非食品价格上涨0.6％；消费品价格下降0.9％，服务价格上涨0.6％。1—9月，全省居民消费价格同比下降0.4％。 日前，江苏省港口集团江苏远洋"江远秦淮"轮和"江远金陵"轮分别从南京港龙潭港区和徐州国际集装箱码头对向开出，标志着全国首条内河 集装箱运输绿色航线正式开通，"水运江苏"绿色航运走廊建设取得又一重要进展。 Jiang Su 10月16日，徐州九里湖畔连片的粉黛随风摇曳，宛如一片粉色海洋，随手一拍都是氛围感十足的美景。 高刚 摄 视 ...