据介绍，在新能源动力方面，E5 Sportback搭载前后永磁同步电机，加速至100公里/小时仅需3.4秒。集 成宁德时代CTP无模组电池，可带来最高773km的超长续航，配合800伏高压平台架构，实现10分钟快 速补能370公里。电控系统兼具高效率、耐高温与耐高压特性。 据介绍，上汽集团与奥迪联合打造的豪华电动车品牌AUDI首款量产车型E5 Sportback开启预售，全系推 出先锋型、先锋plus型、先锋quattro型和旗舰quattro型配置车型，限时售价23.59万元起。 在豪华纯电车市场，30万元左右的价格区间一直是竞争的焦点。此前，不少豪华纯电车型起售价在30万 元以上，这在一定程度上限制了其市场份额的进一步扩大。而E5 Sportback则打破了这一价格壁垒。 据奥迪研发人员介绍，E5 Sportback高度还原概念车前瞻设计，是奥迪全新电动车设计语言在华的首发 之作。新车通过精雕车身线条，创新性地采用封闭式格栅设计，以及电子外后视镜和贯穿式扰流板等设 计，为用户带来兼具高效能与运动乐趣的驾乘体验。 "随着预售开启与量产同步启动，E5 Sportback整装待发。"全新AUDI品牌CEO宋斐明 ...

在港股IPO市场风起云涌的当下，各类企业纷纷抢滩登陆，其中不乏一些小众而独特的玩家。近日，专注于二手手机回收与整配销售的闪回科技，第三次 向港交所递交了主板上市申请，这一举动引起了业界的广泛关注。 闪回科技，这家以"收旧手机"起家的企业，虽然业务看似不起眼，却凭借年收入近12亿元的规模，在二手手机回收领域崭露头角。其创始人刘剑逸，拥有 近十年的电信行业经验，2015年首次接触二手手机回收行业后，于2016年与合伙人高自斌共同创立了闪回科技。成立仅半年，公司便获得了400万元的种 子轮融资，随后在2018年迎来了关键转折，小米和顺为资本的入局，不仅带来了资金，更为闪回科技打开了渠道与战略协同的大门。 闪回科技的业务模式清晰明了，一端连接品牌、平台和渠道，另一端则直面消费者，通过提供"以旧换新"服务，打通了整个回收链条。与小米、华为、 OPPO、vivo、京东等巨头的合作，使得闪回科技能够在他们的线下门店和电商平台提供回收服务。消费者用旧手机抵扣新机款，折价部分由闪回科技垫 付，回收的手机经过检测、分级、定价后，再通过自营平台或第三方渠道进行销售。 根据弗若斯特沙利文的数据，按2023年自消费者端回收交易总额计算 ...

本文核心要点：解析国内智能客服市场格局，推荐瓴羊、合力亿捷等主流系统，提供选型建议与避坑指南，助企业匹配解决方案。 你是否正为这些难题困扰？ 客服响应慢，客户抱怨不断？ 多渠道咨询混乱，管理效率低下？ 想引入智能客服，却不知如何选择？ 面对市场上众多的智能客服系统，如何找到适合企业的？本文将为你梳理国内主流品牌，提供实用选择策略。 一、国内智能客服市场活力迸发 国内智能客服市场正处于高速发展期。市场参与者主要分为三类： 1. 互联网巨头系：如腾讯企点、百度智能客服、阿里瓴羊，依托强大技术生态与资源。 2. 专业客服软件厂商：如合力亿捷，深耕垂直领域，功能深度优化。 3. 通信技术/云服务商：如华为云智能客服，融合通讯技术与行业解决方案。 这些服务商共同推动着智能客服在语义理解、多轮对话、全渠道整合等方面的快速迭代与应用落地。 二、主流智能客服系统推荐 1. 瓴羊Quick Service（瓴羊智能科技有限公司）【推荐指数：★★★★★】 瓴羊Quick Service是业内首个覆盖客服全场景的智能客服产品，集成了语音识别、即时消息、协同工单自动化及智能处理功能，为企业提供 全渠道、全链路、全场景的智能客服解决方 ...

日前，中国汽车流通协会发布的《2025年上半年全国汽车经销商生存状况调查报告》显示，在汽车报废更新 及置换政策拉动下市场逐渐回暖，市场的白热化竞争迫使汽车厂商与经销商一同开启"降价换份额"策略，令 经销商普遍陷入"销量上涨、利润不涨"困境。 报告显示，上半年亏损经销商比例攀升至52.6%，盈利者不足三成，生存状况进一步恶化，同时导致汽车经 销商对主机厂满意度大幅下滑。 经营承压严重 "价格倒挂"现象的出现是经销商亏损的关键因素之一。 调查显示，2025年上半年有高达74.4%的经销商遭遇新车零售价格低于进价成本的严峻局面，其中43.6%的 经销商价格倒挂幅度甚至超过15%。 因此，价格倒挂导致经销商卖车不挣钱，新车销售直接亏损，出现"卖一辆亏一辆"的现象。 这一情况在传统燃油品牌经销商中较为普遍。而新能源独立品牌经销商面临的压力主要是售后产值低，投资 回收期长等。 图源：财经网汽车摄图 据中国汽车流通协会调查，2025年上半年汽车经销商亏损比例上升至52.6%，持平比例17.5%，盈利比例 29.9%。 为维持生存，经销商不得不高度依赖售后服务和金融保险业务。数据显示，在经销商2025年上半年的毛利构 成中， ...

Core Viewpoint - The article discusses the architecture and data flow of Huawei's Cloud Matrix 384, emphasizing the integration of optical and electrical interconnections in its network design [2][3][9]. Group 1: Data Transmission Layers - The Cloud Matrix 384 includes three main data transmission layers: UB Plane, RDMA Plane, and VPC Plane, each serving distinct roles in data processing and communication [5][7]. - The UB Plane connects all NPU and CPU with a non-blocking full-mesh topology, providing a unidirectional bandwidth of 392GB/s per Ascend 910C [7]. - The RDMA Plane facilitates horizontal scaling communication between supernodes using RoCE protocol, primarily connecting NPUs for high-speed KV Cache transfer [7]. - The VPC Plane connects supernodes to broader data center networks, managing tasks such as storage access and external service communication [7]. Group 2: Optical and Electrical Interconnections - Although the Cloud Matrix 384 is often referred to as a purely optical interconnection system, it also utilizes electrical interconnections for short distances to reduce costs and power consumption [9]. - The article highlights the necessity of both optical and electrical connections in achieving efficient data flow within the system [9]. Group 3: Scale-Up and Scale-Out Calculations - For Scale-Up, each server's UB Switch chip corresponds to a bandwidth of 448GBps, requiring 56 400G optical modules or 28 800G dual-channel optical modules per server [12]. - The ratio of NPUs to 400G optical modules in Scale-Up is 1:14, and to 800G modules is 1:7 [12]. - For Scale-Out, a Cloud Matrix node consists of 12 Compute cabinets, and the optical module demand ratio is approximately 1:4 for NPUs to 400G optical modules [14].

Summary of Key Points from Conference Call Records Industry Overview - The AI industry is experiencing a significant evolution in data center network architecture, transitioning towards multi-tier topologies, with spine-leaf architecture becoming the mainstream choice due to its high performance and redundancy to meet AI's demands for high capacity and transmission rates [1][4] - The Ethernet switch market is substantial, with Cisco being the largest vendor globally, while in China, the market is dominated by local players such as H3C, Huawei, and Ruijie [2][21] Core Insights and Arguments - AI technology has significantly increased the demand and performance requirements for network devices, emphasizing the importance of data transmission in AI architectures [3] - The spine-leaf architecture enhances east-west traffic performance and redundancy, making it a preferred choice in AI data centers [4] - AI's growth necessitates higher capacity and transmission rates, leading to rapid increases in single-port and total capacity rates [5] - Distributed architecture is becoming a trend, addressing network congestion while increasing data center network costs, with predictions that the value of networks in AI data centers will rise from 5%-10% to 15%-20% [6] - Ethernet, as an open protocol, has advantages in industry implementation compared to Infiniband, which is designed for high-performance computing [7] Technological Developments - Nvidia and Broadcom have made significant advancements in Ethernet technology, with Nvidia's Spectron X800 series and Broadcom's Tomahawk 6 switch chip achieving single-port rates of 1.6T and total switching capacity of 102T [8] - The PCIe 8.0 standard has achieved a transmission rate of 256 GT/s, doubling bandwidth, with expectations for commercial release around 2028 [11] - The UA Link industry alliance, initially based on PCIe technology, is shifting towards more mature Ethernet technology, with the first 200G standard released in April 2025 [12] Market Trends and Projections - The global Ethernet switch market is projected to reach approximately $40 billion in 2024, with the Chinese market around 40 billion RMB, driven by demand for high-speed products [20] - AI's development is significantly boosting the switch market, with high-speed, large-capacity switches becoming a trend [15] - Domestic CSPs like ByteDance, Tencent, and Alibaba are progressively upgrading their technologies based on Ethernet solutions to support AI operations [14] Key Players and Competitive Landscape - Broadcom leads the global switch chip market with a 70% share, while its AI business revenue is expected to grow from $12.2 billion in 2024 to between $60-90 billion by 2027 [8] - In China, companies like Ruijie and ZTE are gaining attention for their growth in the data center segment, with Ruijie's data center business experiencing a 120% growth in 2024 [26][27] - Emerging companies such as Shengke Communication are also noteworthy, with their products achieving competitive port rates and significant market potential [25][30] Additional Important Insights - The role of operating systems in data center networks is crucial for resource access, traffic monitoring, and configuration [16] - The CPO (Co-Packaged Optics) technology is a significant advancement in switch hardware, enhancing data conversion efficiency and transmission performance [17] - OCS (Optical Circuit Switching) technology is being integrated into products by companies like Google to improve data sharing efficiency [18][19] This summary encapsulates the critical developments and insights from the conference call records, highlighting the evolving landscape of the AI and networking industries.

对话产业链大佬 - 固态电池头部设备厂专家详解等静压设 备 20250821 摘要 国产 MLCC 设备已全面采用该技术，部分等静压设备已应用于超级电感 领域并对外供货，反映了公司在被动电子元件制造装备领域的领先地位。 等静压技术通过提高固态电解质接触面的结合度，有效降低固态电池的 电阻率，是目前解决固固界面结合问题的关键技术，尤其温等静压机被 视为未来固态电池制造的关键设备。 温等静压机通过控制介质温度，提高材料流动性和粘合力，从而提高成 型密度，更适用于对温度敏感的固态电池材料，其性能优于冷等静压机 和热等静压机。 市场上常见的固态电池用等静压设备压力范围为 100-600 兆帕，直径 400-450 毫米，工作介质包括水、导热油和气体，公司正在研发 1,500 兆帕设备用于特殊用途。 国产温等静压机价格约为进口同类设备的三分之一，且质量不逊于进口 产品，已获华为等企业采购并稳定运行一年以上，表明国产设备在性价 比上具有优势。 Q&A 固态电池设备在国内的发展情况如何？ 在 2020 年和 2021 年之前，国内固态电池设备主要依赖进口，特别是温等静 压设备，这些进口设备受瓦森纳协议的管制，需要最终用户协 ...

Group 1: Core Companies and Industries - Notable companies such as Huawei, DeepSeek, CATL, Zhongzhong Group, Alibaba, Tencent, and BYD are recognized in the 2025 Fortune China Technology 50 list, with a focus on popular sectors like artificial intelligence, robotics, biomedicine, and green energy [3][9][10] - The robotics sector is highlighted with companies like Yushu Technology, Yundong Technology, and Luoshi Robotics, which are innovating in areas such as motion control, high-performance joint motors, and autonomous inspection robots [5][6] Group 2: Artificial Intelligence Developments - DeepSeek has gained significant attention, ranking in the top 10 for global open-source model downloads, with 163 million monthly active users as of June 2025, leading the AI-generated content application market [7] - ByteDance is also recognized for its substantial investment in AI, with a projected capital expenditure of 80 billion yuan in 2024, surpassing the combined total of Baidu, Alibaba, and Tencent [7] - Drip Technology, a provider of enterprise-level AI application solutions, ranks first in the Chinese market for its general enterprise operational decision-making model [8] Group 3: Biomedicine and Green Energy Innovations - The biopharmaceutical sector features companies like CSPC Pharmaceutical Group, which is developing over 200 innovative drug projects across various therapeutic areas, with over 50 new drugs expected to be submitted for approval by the end of 2028 [11] - Kangfang Biotech is noted for its comprehensive drug development system, with over 50 innovative drug candidates, 24 of which are in clinical stages, making it one of China's leading antibody drug developers [11] - Trina Solar has initiated a 49.9MW solar-storage integration project in the UK, which will supply power to over 16,500 households and reduce carbon emissions by nearly 15,000 tons annually [11] Group 4: Overall Industry Trends - The companies listed in the Fortune China Technology 50 are focusing on practical applications of large models in vertical sectors like finance and healthcare, optimizing efficiency while advancing robotics for high-risk tasks [12] - The emphasis is also on developing cleaner and more efficient energy solutions, promoting a harmonious relationship between humanity and nature [12]

加群注明姓名、公司、职务、部门，通过概率更大。 8月21日，港交所公布，分布式储能黑马---思格新能源港股IPO招股书在提交6个月后失效。 IPO招股书失效存在多种原因，有的是因为达到6个月的有效期而自动失效，有的则是未通过聆讯。 这一切，与这家公司的核心高管出自"华为系"密不可分。 思格的创始人许映童，在华为工作23年之久。2022年5月选择离开，全力投入新公司的创建与发展，闯 入光储一体机的研发和销售领域，掀开人生崭新篇章。 自南京理工大学的电子工程与光电技术学院毕业后，许映童于1999年加入华为，从无线产品的PDT经理 再到智能光伏业务总裁，在通信及新能源等多个板块中，得到充分历练。 2015年，许映童加盟智能光伏板块的5年后，华为实现光伏逆变器的全球出货第一。其后，华为智能光 伏业务保持多年全球领导者地位。2020年，许映童被任命为华为昇腾计算业务总裁。 除许映童外，思格的核心高管团队也大多来自华为。 据相关规定，思格新能源如在未来3个月内更新财务数据及补充最新资料后可重新提交申请，从而延续 审核流程。 思格新能源的创始人许映童、总裁张先淼等多位核心高管，均来自华为。因而这家户储厂商也带有强烈 的"华 ...

Investment Rating - The report maintains a "Positive" investment rating for the industry [12] Core Insights - The cooling methods for data centers are transitioning from air cooling to liquid cooling due to the increasing power consumption of chips and single cabinets. Liquid cooling technologies offer significant advantages such as higher cooling efficiency, lower energy consumption, and reduced total cost of ownership (TCO) [6][19] - The report highlights the growth of liquid cooling solutions, particularly single-phase cold plate cooling, which currently accounts for over 90% of liquid cooling applications in data centers. The technology is maturing, and small-scale commercial applications are being promoted [6][19] - The report suggests that various cooling media will emerge as opportunities in the liquid cooling market, with a focus on companies involved in the production of these cooling liquids [10][52] Summary by Sections Data Center Cooling Transition - The report discusses the shift to liquid cooling as a response to the rising power density of chips, particularly in AI servers, which are pushing the limits of traditional air cooling methods. The maximum power density for traditional air-cooled cabinets is around 20 kW, while future designs may reach up to 600 kW [7][25][29] Cooling Media Opportunities - Different cooling media are being explored for single-phase and two-phase cooling solutions. For single-phase cooling, common media include ethylene glycol solutions and propylene glycol solutions, while two-phase solutions primarily use refrigerants and low-boiling point fluids [8][41] - The report emphasizes the need for cooling liquids that meet specific technical requirements, such as excellent insulation properties, low surface tension, and high thermal conductivity [9][42] Investment Recommendations - The report recommends focusing on companies involved in the liquid cooling media industry, including: - Juhua Co., Ltd. (fluorinated liquids + refrigerants) - Sinoma Science & Technology (fluorinated liquids) - Yonghe Technology (fluorinated liquids + refrigerants) - Haohua Technology (fluorinated liquids + refrigerants) - Sanmei Co., Ltd. (refrigerants) - Xin'an Chemical (silicone oil) - Xingfa Group (silicone oil) [10][52]