一周一刻钟，大事快评（W131）：小鹏ai+观点更新；天准科技更新-20251112

Investment Rating - The report recommends a positive outlook on Xiaopeng Motors, shifting from a turnaround narrative to a focus on technological leadership [4][5]. Core Insights - Xiaopeng's second-generation VLA model supports end-to-end output and features such as navigation-free assisted driving, indicating a strong technological advancement [4][5]. - The company is expected to achieve a quarterly profit in Q4 of this year, with sales projected to reach nearly one million units driven by extended-range models [4][5]. - Collaborations with major companies like Volkswagen and Baowu Group are helping to monetize its technological advancements [4][5]. - In the Robotaxi sector, Xiaopeng's self-developed Turing chip, providing 3000 TOPS of computing power, addresses high computing demands at a lower cost, potentially improving profitability [4][5]. - The robotics division is expected to enter mass production by the end of 2026, leveraging technology from the automotive sector for efficiency [4][5]. Summary by Sections Xiaopeng Motors - The core logic for recommending Xiaopeng has evolved to emphasize its technological leadership rather than merely a turnaround from difficulties [4][5]. - The VLA model is designed to enhance performance by reducing precision loss and increasing potential through direct processing [6]. - The Turing chip's architecture supports advanced AI applications and autonomous driving, aligning with current technological trends [7]. Tianzhun Technology - The company demonstrates a strong capability to innovate and expand its AI visual detection technology across multiple production lines [8][9]. - The management's commitment to the embodied intelligence sector is a long-term strategy, focusing on market expansion rather than immediate profitability [8][9]. Industry Recommendations - The report suggests focusing on domestic leading manufacturers like BYD, Geely, and Xiaopeng, as well as companies involved in intelligent trends and state-owned enterprise reforms [4]. - It highlights the importance of performance growth and robotics layout in component manufacturers, recommending companies like Fuyao Glass and New Spring [4].