人民财讯12月1日电，今日，小鹏汽车公布最新交付成绩：2025年11月，小鹏汽车交付新车36728台，同 比增长19%。2025年1—11月，小鹏汽车累计交付391937台，同比增长156%。 ...

（文章来源：第一财经） 小鹏汽车公布最新交付数据，2025年11月交付智能电动汽车36728辆，同比增长19%。1-11月累计交付 量达391937辆，同比增长156%。 ...

Group 1 - Multiple new energy vehicle manufacturers reported their latest delivery data for November [1] - Leap Motor achieved a record high delivery of 70,327 units in November, representing a year-on-year increase of over 75%, marking nine consecutive months of growth [1] - Xiaomi Motors delivered over 40,000 units in November, with a new "in-stock selection" program set to launch on December 1 [1][4] Group 2 - Xiaomi Motors confirmed that all in-stock vehicles passed strict quality inspections, with some models being officially repaired and not previously registered [4] - Lantu Motors delivered 20,005 new vehicles in November, an 84% year-on-year increase, marking the first time the brand's monthly deliveries surpassed 20,000 units [1][4] - Hongmeng Zhixing announced a total delivery of 81,864 vehicles in November, achieving a year-on-year growth of 89.61%, setting a new monthly delivery record [1][4] Group 3 - IM Motors reported sales of 13,577 units in November, reflecting a month-on-month growth of 3% [1][4] - As of the report, XPeng Motors had not disclosed November delivery data but achieved a record quarterly delivery of 116,007 units in Q3, with Q4 guidance of 125,000 to 132,000 units [1] - NIO's November delivery data was also not disclosed, but the company reported a record high of 87,071 units delivered in Q3, with Q4 guidance of 120,000 to 125,000 units [1]

Summary of Humanoid Industry Conference Call Industry Overview - The humanoid industry is experiencing strong investor interest and rapid acceleration, with aggressive targets set for 2026. However, near-term hurdles must be addressed before realizing long-term potential [1][2][3] - The industry is awaiting verification of commercialization to unlock significant long-term potential [1][3] Key Insights - **Strong Order Intake in China**: In the second half of 2025, integrators in China announced orders exceeding Rmb2 billion (~US$300 million) across three key areas: industrials, commercial services, and data collection centers, primarily government-backed projects [8][46] - **Delivery Challenges**: Many announced orders may not be completed this year, with some categorized as "framework orders" that have low execution certainty [8][46] - **Reality vs. Expectation**: Companies have set aggressive shipment targets for 2026, with estimates reaching up to 100,000 shipments. However, conservative estimates suggest limited near-term growth due to working capability constraints [8][9] - **Government Support**: The Chinese government is pushing for humanoids as a strategic emerging sector, with over 90% component localization in the supply chain, which is expected to support gradual commercialization [8][9] Company Developments - **Tesla**: Preparing to expand Gigafactory Texas for manufacturing Optimus, with an anticipated annual capacity of 10 million units [8] - **Xpeng**: Showcased its Iron robot, aiming for mass production by the end of 2026 [8] - **Hon Hai**: Plans to deploy humanoid robots at its Houston plant, targeting 1Q26 [8] - **UBTech**: Plans to raise US$400 million through a share placement for acquisitions and investments [29] - **Dobot**: Completed a US$100 million share placement for investment and acquisition opportunities [29] Market Performance - The equal-weighted Humanoid 100 index has increased by 22.7% since its inception on February 6, 2025, outperforming the S&P 500 and MSCI Europe but underperforming MSCI China and Korea [9] - The China Humanoid Value Chain index was down 8.4% in November but up 61.5% year-to-date [9] Policy Developments - The Ministry of Industry and Information Technology (MIIT) has formed a Standardization Technical Committee for humanoid robots to develop and implement industry standards [54][57] - The National Development and Reform Commission (NDRC) has warned against market overcrowding, emphasizing the need for a regulatory framework and support for technology advancement [54][57] Adoption and Technological Advancements - **Figure AI**: Announced that its humanoid has participated in the production of 30,000 BMW vehicles [36] - **Ubtech**: Expects production capacity for industrial humanoid robots to reach 5,000 units by 2026 [36] - **Unitree**: Launched its first wheeled humanoid robot, G1-D, aimed at data collection and training [37] - **1X Technologies**: Made its NEO humanoid robot available for pre-order, with deliveries expected in 2026 [37] Conclusion - The humanoid industry is poised for growth, driven by strong government support, technological advancements, and increasing investor interest. However, challenges related to order execution and market saturation must be navigated to realize its full potential [1][54][57]

Core Insights - Domestic automakers such as Xiaopeng, Xiaomi, BYD, Seres, Changan, and Chery are intensifying their investments in humanoid robot technology, leveraging their technological expertise for efficient reuse [1][5] - The established supply chain systems and large-scale manufacturing capabilities of these companies are expected to reduce costs and facilitate rapid mass production [1][5] Company Summaries Xiaomi - Lei Jun stated that artificial intelligence will profoundly impact traditional industries, with all sectors worth re-evaluating through AI [2] - Xiaomi plans to deploy humanoid robots extensively in its factories over the next five years, with a significant market demand anticipated for household humanoid robots [2] - Lu Zeyu, a former member of Tesla's Optimus team, has joined Xiaomi as the head of the dexterous hand project, bringing expertise in key technologies [2] Changan - Changan established Changan Tian Shu Intelligent Robot Technology Co., Ltd. with a registered capital of 450 million yuan, aiming to develop humanoid robot technology [3] - The company plans to create a range of intelligent robot products and solutions, focusing on integrating automotive and robotics industries [3] - Prototypes are expected to be released starting next year, with the first vehicle-mounted robot component anticipated in Q1 of next year [3] BYD - BYD invested over 100 million yuan in Paksini Perception, becoming its largest external shareholder with a 13.3738% stake [3] - A collaboration framework was signed with Hong Kong University of Science and Technology to establish a joint laboratory focusing on robotics and intelligent manufacturing [3] Seres - Seres' subsidiary, Chongqing Phoenix Technology, signed a cooperation framework agreement with ByteDance's Volcano Engine to work on intelligent robot decision-making and control technologies [4] - The partnership aims to create a closed-loop mechanism for technology research and scene validation, enhancing the automotive industry's digital transformation [4]

Group 1 - Luo Yonghao revealed that the recording with Hua Shan contains no significant revelations, but highlights Hua's inconsistent behavior, leading to confusion about his dual nature [5][6] - The recording includes a lot of profanity, making it unsuitable for direct upload to social media, prompting Luo to consider alternative sharing methods [6] - The dispute originated from Hua Shan's support for a rival restaurant, which angered Luo, leading him to demand a public apology [6] Group 2 - Reports indicate that China FAW is set to acquire a stake in Leap Motor, with a preliminary shareholding of around 5% expected [8] - Leap Motor's chairman, Zhu Jiangming, emphasized the importance of maintaining control within the founding team, even with external investments [8][9] - Leap Motor's financial performance shows a significant project launch expected to contribute to future sales, with a strategic partnership already established with China FAW [9] Group 3 - Chery has seen a recent influx of former executives from Great Wall Motors, indicating a strategic shift in its management team [10] - The company reported a 13% year-on-year increase in sales, with a total of 2.289 million vehicles sold from January to October [10] Group 4 - Chang'an Automobile announced plans to invest 2.25 billion yuan to establish a robotics company, focusing on humanoid robot technology [12][13] - The new company aims to develop multiple robotics sectors, with the first vehicle-mounted robot expected to be unveiled in the first quarter of next year [12] Group 5 - The CEO of Meituan, Wang Xing, expressed strong opposition to "involutionary" competition in the food delivery market, asserting that price wars are unsustainable [18] - Meituan has seen a steady recovery in market share, particularly in higher-priced order segments, holding over 70% of orders above 30 yuan [18] Group 6 - The IPO counseling for Yushu Technology has been completed, indicating readiness for the IPO application process, which could be one of the largest tech listings in recent years [19] - Yushu Technology has undergone significant preparatory work, including a name change to align with national branding strategies [19] Group 7 - Former Tesla executives revealed that the company had dismantled several Chinese electric vehicles to learn from their designs, particularly in parts reuse [31][32] - This practice has influenced Tesla's own vehicle models, showcasing the competitive landscape in the electric vehicle sector [31] Group 8 - Coupang, a major South Korean e-commerce platform, experienced a significant data breach affecting approximately 33.7 million accounts, marking one of the largest cyber incidents in the country [46][47] - The company has taken steps to enhance security measures and is cooperating with authorities in the ongoing investigation [47]

会议指出，近年来各单位认真贯彻落实党中央、国务院决策部署，按照2021年中国人民银行等十部门联 合发布的《关于进一步防范和处置虚拟货币交易炒作风险的通知》要求，坚决打击虚拟货币交易炒作， 整顿虚拟货币乱象，取得明显成效。近期，受多种因素影响，虚拟货币投机炒作有所抬头，相关违法犯 罪活动时有发生，风险防控面临新形势、新挑战。 会议强调，虚拟货币不具有与法定货币等同的法律地位，不具有法偿性，不应且不能作为货币在市场上 流通使用，虚拟货币相关业务活动属于非法金融活动。稳定币是虚拟货币的一种形式，目前无法有效满 足客户身份识别、反洗钱等方面的要求，存在被用于洗钱、集资诈骗、违规跨境转移资金等非法活动的 风险。 会议要求，各单位要坚持以习近平新时代中国特色社会主义思想为指导，全面落实党的二十大和二十届 历次全会精神，把防控风险作为金融工作的永恒主题，继续坚持对虚拟货币的禁止性政策，持续打击虚 拟货币相关非法金融活动。各单位要深化协同配合，完善监管政策和法律依据，聚焦信息流、资金流等 重点环节，加强信息共享，进一步提升监测能力，严厉打击违法犯罪活动，保护人民群众财产安全，维 护经济金融秩序稳定。 【钛媒体综合】据央行网站 ...

加入轩辕同学 ， 成就新汽车人! 01 总有人不相信这个世界变化如此快！ —— 何小鹏 小鹏汽车董事长兼CEO 11月6日，何小鹏在发布一条证明自己的IRON机器人不是真人的视频中如此表示。 撰 文 | 莫 莉 编 辑 | 张 南 设 计 | 甄 尤美 一头是人形机器人在灯光下走猫步，创始人当场剪"皮肤"证明不是真人；一头是法院里，法务 当庭说出"老板不懂结构"这样的话。 2025年11月，中国汽车界的声音似乎越来越有意思。 《汽车商业评论》照例选取十条声音，这些声音事关安全标准、个人荣誉、供应链布局、组织 管理、全球化等，一些问题还在暴露，一些共识正在形成。 此前一天，2025小鹏科技日活动上，小鹏全新一代IRON人形机器人亮相。当晚现场走秀环节， 机器人以接近真人模特的姿态走猫步，不少观众直呼"太像人了"。 很快，"里面是不是藏了真人""连耳朵都有，肯定假的"……各种质疑声冲上热搜。 为此，小鹏不得不拍摄一镜到底的视频，在机器人IRON通电运行状态下，拉开后背拉链，展示 内部并重走猫步，以证实绝无真人参与，并当场剪开其腿部覆盖件，公开展示内部的机械结 构。 视频中，何小鹏说："希望这是最后一次证明IRON ...

Core Viewpoint - The article discusses the challenges and controversies surrounding hardware upgrades for smart vehicles, particularly focusing on the recent crowdfunding initiative by Zeekr for its models 001 and 009, highlighting the dissatisfaction among car owners regarding additional costs and the perceived inadequacy of the upgrades [5][8][11]. Group 1: Zeekr's Crowdfunding Initiative - Zeekr has launched a crowdfunding project for hardware upgrades on the 2024 models 001 and 009, requiring significant changes to the existing systems [5]. - The cost for 001 owners is set at 13,500 yuan with a target of 3,000 participants, while 009 owners need to pay 18,500 yuan with a target of 1,500 participants [5]. - Despite the perceived reasonable pricing, many car owners express dissatisfaction, feeling that they are being asked to compensate for the manufacturer's shortcomings [5][8]. Group 2: Industry-Wide Upgrade Challenges - The automotive industry faces widespread issues regarding hardware upgrades, with many owners feeling frustrated by the disparity between new models and their existing vehicles [8][11]. - Complaints about system performance and upgrade promises not being fulfilled are common, with a significant number of complaints reported in October alone [10]. - The complexity and high costs associated with hardware upgrades often lead to a lack of transparency, causing further dissatisfaction among consumers [11][22]. Group 3: Economic Considerations for Owners - Many car owners are weighing the costs of upgrades against the potential benefits, with some believing that purchasing a new vehicle may be more cost-effective than upgrading existing hardware [20][23]. - The presence of third-party accessories at lower prices also diminishes enthusiasm for original factory upgrades, as they may not fully meet compatibility and warranty standards [22]. - The ongoing tension between manufacturers and consumers regarding upgrade costs and expectations is likely to persist as the industry evolves [23].

The internet was convinced China's newest humanoid was human. But did it fool our reporter when they got to see it up close. This is Iron, created by Xping, the Chinese Tesla competitor known for electric vehicles, flying cars, and robots that are so real they need to be sliced open to prove they aren't human.And when Iron was unveiled, the internet kind of lost its mind. Some people were convinced this was just someone in a suit. So naturally, X-ping CEO grabbed a knife and cut it open.Mashable reporter Am ...