编者荐语： 日经中文网与36氪开展内容交换合作。将精选36氪的精彩独家财经、科技、企业资讯，与读者分享。 以下文章来源于36氪 ，作者李勤 徐蔡钰 36氪是服务中国新经济参与者的卓越品牌和开创性平台，提供新锐深度的商业报道，强调趋势和价值，我们的slogan是：让一部分人先看到未来。 不再相互依赖，是危险的信号。 文 ｜ 李勤 徐蔡钰 编辑 ｜ 杨轩 封面来源 ｜ Reuters 2024年11月，特朗普当选那一周，特斯拉的研发1号位Lars Moravy带队在中国拜访供应链。 他们已经准确嗅到，新总统关税战故技重施的信号，开始动员中国的特斯拉供应商，向东南亚等地分散产能，以应对即将到来的关税巨浪。 亿纬锂能、欣旺达等电池工厂，均收到明确信号，在泰国接连发起了数轮投资。但显然，特斯拉猜到了开头，没有猜中结尾。特朗普的关税之锤，以飓风 之势砸来。 36氪 . 2025年4月2日，特朗普宣布设立10%的"最低基准关税"，其中对中国输美产品的关税继续叠加，由34%、84%、104%，一路上涨到目前的145%税率。 特斯拉Cybertruck不少关键零部件仍然来自中国，未来得及转移。 相较之下，关税新风暴下，中国汽车 ...

Core Viewpoint - The company, EVE Energy Co., Ltd., reported strong financial performance in Q1 2025, driven by the booming global electric vehicle and energy storage markets, showcasing its leadership in the lithium battery sector through technological innovation and strategic focus [1][6]. Financial Performance - In Q1 2025, the company achieved revenue of 12.796 billion yuan, a year-on-year increase of 37.34% [1]. - The net profit attributable to shareholders, excluding non-recurring items, was 818 million yuan, reflecting a year-on-year growth of 16.60% [1]. Energy Storage Business - The company's energy storage battery shipments reached 12.67 GWh in Q1 2025, marking an impressive year-on-year growth of 80.54% [2]. - For the full year 2024, energy storage shipments totaled 50.45 GWh, a staggering increase of 91.90%, securing the position of the second-largest global supplier [2]. - The introduction of the Mr. Big series, a 600Ah+ ultra-large capacity cell with an energy efficiency of 96.20%, significantly enhanced product competitiveness [2]. Power Battery Business - In Q1 2025, the company shipped 10.17 GWh of power batteries, representing a year-on-year increase of 57.58% [3]. - The passenger vehicle segment showed strong performance, with significant sales growth driven by partnerships with leading electric vehicle manufacturers [3]. - The company maintained a 13.41% market share in the new energy commercial vehicle segment, ranking second in China [3]. Consumer Battery Business - The company continues to lead in the consumer battery sector, with significant shipments in emerging markets [3]. - It achieved over 2 billion shipments of electronic vaporizer batteries in 2024, maintaining its status as a national champion in several product categories [3]. Technological Innovation - The company emphasizes technological innovation as a core driver, launching the Mr. Big series and achieving breakthroughs in manufacturing processes [4]. - A state-of-the-art 60 GWh super energy storage factory has been established, utilizing over 80 advanced technologies for automated production [4]. - The company is also advancing in solid-state battery technology, with plans for mass production by 2026 [4]. Global Expansion - The company is accelerating its global expansion, with production facilities in Malaysia and Hungary set to enhance overseas delivery capabilities [5]. - It employs a vertical integration strategy to reduce costs and has initiated several international cooperation projects [5]. - The company’s nickel and lithium phosphate production projects ensure raw material control, supporting its global strategy [5]. Market Position and Future Outlook - EVE Energy demonstrates strong competitiveness and resilience in the global lithium battery market, with stable growth across energy storage, power, and consumer battery sectors [6]. - The company aims to accelerate the development of all-scenario lithium battery solutions to meet global energy demands and drive industry progress [6].

" 车展的整体氛围更倾向于严肃和技术化的表达。 " 文 / 巴九灵（微信公众号：吴晓波频道） 闹腾了半年多的 2025 上海车展终于在 4 月 23 日开幕了。 谁能想到，为了获得这场全球影响力最大车展的主办权，从去年 9 月开始出现了"两个主办方之争"，一度闹上法庭，直到开幕前不到 20 天才平息 风波。 同时，这算是历经 700 多天"价格战"短暂停火后的第一场车展。 从展馆的布局中，我们便能一窥汽车大战后的残酷格局： 头部企业地盘扩大，如吉利集团、华为的展台规模要明显比前几届大得多，奇瑞集团亮相53辆车。但品牌多样化却消失了 ——尽管多了乐道、萤 火虫、方程豹、 iCAR 等新面孔，但大多属于大车企的子品牌，代替了原来各种"新势力"和小品牌。合创、哪吒、高合、极越早已不见踪影，一 些转型不太成功的国外车企或合资车企也缺席了，如雪佛兰、现代、起亚、捷豹路虎…… 但无论如何，上海车展还是在一场血腥战争后有惊无险地来了。 点击图片▲立即收听 全球影响力最大的车展 据官方数据，本届车展的整体规模要高于上届。 张翔教授是北方工业大学汽车产业创新中心研究院研究员，见证了每一届上海车展的他，向小巴谈及一些新变化。 " ...

Core Viewpoint - The 2025 Shanghai Auto Show reflects a shift towards a more serious and technology-driven atmosphere, showcasing the aftermath of a fierce price war and the evolving landscape of the automotive industry [2][3][25]. Group 1: Event Overview - The Shanghai Auto Show, the largest global auto exhibition, opened on April 23, 2025, after a dispute over its hosting rights [2][6]. - This event marks a temporary halt after over 700 days of price wars in the automotive sector [3]. - The layout of the exhibition indicates a consolidation of power among leading companies, with larger displays from firms like Geely and Huawei, while many smaller brands and foreign automakers are notably absent [4][12]. Group 2: International Presence and Engagement - The show has seen an increase in international attendance, facilitated by improved access and visa policies, leading to a more diverse crowd [7][9]. - High-profile executives from global automotive brands are engaging with Chinese manufacturers, indicating a shift towards more equal standing in terms of brand status and technological capabilities [11][12]. Group 3: Technological Trends - Key technological highlights include advancements in fast charging, with companies like Zeekr and BYD showcasing rapid charging capabilities [26]. - The integration of AI and digital technologies is becoming prominent, with many companies announcing the application of AI models in their vehicles [29][30]. - A notable trend is the shift from hardware-focused innovations to software-defined vehicles, reflecting a broader digital transformation in the automotive industry [30]. Group 4: Safety and Regulatory Focus - The event has seen a strong emphasis on safety, particularly in light of recent regulatory changes regarding autonomous driving technologies [35][36]. - Many companies have adjusted their marketing strategies to focus on safety rather than exaggerated claims about autonomous capabilities, reflecting a more cautious approach in the industry [35][36]. Group 5: Market Dynamics and Future Outlook - The 2025 Auto Show signifies a transition into a phase of technological refinement rather than radical innovation, with companies focusing on optimizing existing technologies [39]. - The competition is shifting towards enhancing user experience and safety, as well as addressing consumer demands for personalized vehicle features [41].

Core Viewpoint - The article discusses the implications of the U.S.-China trade tensions, particularly focusing on the automotive industry, highlighting how Chinese automakers are adapting to new tariffs while foreign companies face significant challenges [1][40]. Group 1: Tariff Impact on Supply Chains - Tesla's supply chain is actively diversifying to Southeast Asia in response to anticipated tariffs, with Chinese battery manufacturers like EVE Energy and Sunwoda making investments in Thailand [3][4]. - The new tariffs have escalated to 145% on certain imports from China, significantly affecting the cost structure of vehicles like the Tesla Cybertruck, which relies on components from China [4][15]. - Despite the tariff increases, the Chinese automotive industry has shown resilience, with only 11,600 vehicles exported to the U.S. in 2024, representing just 1.8% of total exports [6][18]. Group 2: Defensive Strategies of Chinese Automakers - Chinese automakers have proactively prepared for tariff impacts by localizing supply chains and identifying alternative suppliers, minimizing reliance on U.S. components [10][19]. - Companies like NIO and Li Auto have found ways to switch suppliers for critical components, such as silicon carbide chips, to mitigate cost increases due to tariffs [9][10]. - The overall cost increase for vehicles due to tariffs is estimated to be manageable, with some companies reporting only a few hundred yuan in additional costs [11][12]. Group 3: Challenges for Foreign Automakers - Foreign automakers, particularly American companies like Ford, are facing severe challenges due to their continued reliance on U.S. imports for key components, leading to production halts [16][17]. - Ford has announced the suspension of exports of several models to China due to tariff implications, highlighting the vulnerability of foreign brands in the current trade environment [17][29]. - The complexity of the automotive supply chain means that even minor disruptions can halt production, emphasizing the need for robust risk management strategies [18][19]. Group 4: Long-term Industry Trends - The article suggests that the automotive supply chain is undergoing a transformation towards regional independence, driven by the ongoing trade tensions and the need for stability [38][40]. - Companies are increasingly considering long-term strategies that account for potential future disruptions, indicating a shift in how global supply chains are structured [38][39]. - The trend of "decoupling" in the automotive industry raises concerns about the broader implications for global trade and economic stability [40].

公司2024年毛利率20.8%，同比-2.2pct，其中2024Q4毛利率19.8%，同比-4.3pct、环比-1.1pct，主要系产品结构变化导致。费用方面，2024年销售费用率/管理费用率/研 发费用率/财务费用率分别同比-0.3pct/-0.4pct/-0.4pct/+0.2pct至1.0%/2.3%/4.6%/0.6%，主要受益于规模效应。 ► 平台型Tier0.5 剑指全球汽配龙头 客户+： 战略绑定特斯拉和造车新势力，进军全球供应体系。公司已与国际、国内创新车企及主要传统整车厂建立稳定合作关系，并战略绑定特斯拉，进入福特、戴姆 勒、宝马、大众、奥迪等全球供应体系。顺应行业电动智能变革，公司积极与RIVIAN、蔚小理、比亚迪、赛力斯等造车新势力合作，探索Tier0.5级合作模式。 01 事件概述 公司披露2024年报：2024年实现营收266.0亿元，同比+35.0%，归母净利30.0亿元，同比+39.5%，扣非归母净利27.3亿元，同比+35.0%；2024Q4实现营收72.5亿元， 同比+30.6%，环比+1.7%；归母净利7.7亿元，同比+38.4%/环比-1.4%；扣非归母净利7.1亿元，同 ...

小米SU7事件后，多数车企在智能辅助驾驶方面的宣传更为理性了。"之前物料宣传上有智驾二字， 车展前都改了。"一家自主车企品牌负责人对第一财经记者表示，公司内部对智能辅助驾驶的营销策 略进行了调整，现阶段更侧重用户实际体验优化，而非技术参数的激进宣传。 4月16日，工信部召开智能网联汽车产品准入及软件在线升级管理工作推进会，针对智能驾驶（智 驾）领域的宣传、功能使用和技术部署等问题提出一系列规范性要求。"组合辅助驾驶"正式成为官方 表述，智驾等相关字眼不再被提及。 2025.04. 24 本文字数：2120，阅读时长大约3分钟 作者 | 第一财经 武子晔 4月的上海车展，空气中依然弥漫着汽车工业变革的焦灼感。但与此前行业押注"智能辅助驾驶军备 竞赛"的喧嚣不同，"安全冗余"、渐进式路线等成为车企宣传的高频词。 新能源汽车下半场，智能化是竞争的焦点，智能辅助驾驶相关技术依然是本届车展上车企重点展现的 技术力量。智能汽车时代，华为和小米等新兴势力快速成长，成为汽车行业的焦点。而当华为在展馆 内以活跃的姿态铺开合作版图时，小米的低调则折射出行业对辅助驾驶技术激进路线的集体反思。 小米沉默，华为扩容 华为在本届车展上的 ...

Core Viewpoint - The focus of competition in the Chinese automotive market has shifted towards artificial intelligence (AI) and autonomous driving technologies, with companies like Huawei leading the charge in developing advanced systems [1][2]. Group 1: AI and Autonomous Driving Developments - Huawei has launched an AI-based autonomous driving system, indicating a significant advancement in automotive technology [1]. - Honda plans to incorporate the emerging AI model DeepSeek into its vehicles, while BMW is also utilizing DeepSeek alongside its collaboration with Alibaba [1][2]. - The Shanghai International Auto Show showcased various companies' latest technologies, highlighting the growing presence of AI in the automotive sector [1]. Group 2: Market Trends and Projections - According to AlixPartners, nearly 60% of passenger cars sold in China in 2024 will feature Level 2 (L2) or higher driving assistance systems, compared to less than 40% in the United States [2]. - Huawei aims to increase its smart automotive solutions R&D team from 7,000 to 8,000 by 2025, reinforcing its position as a key player in the automotive manufacturing sector [2]. Group 3: Semiconductor Development and Market Dynamics - XPeng Motors plans to mass-produce its self-developed semiconductors by mid-2025, which will enhance the precision of image processing for autonomous driving [3]. - The ongoing U.S.-China divide is accelerating the growth of Chinese companies in the AI and semiconductor sectors, as they strive for independence in technology [3].

Core Viewpoint - The article discusses the increasing adoption of wireless charging technology in vehicles across various price ranges, highlighting the performance differences among popular models tested for charging efficiency and heat generation [1]. Testing Equipment and Process - The testing utilized two smartphones, the Apple iPhone 13 Pro and Huawei P50 Pro, to evaluate charging efficiency and heat generation after 15 minutes of charging on different vehicle models [6]. Charging Performance Comparison - The charging performance of ten popular vehicle models was assessed, revealing that most models achieved or exceeded a 10% charge within 15 minutes, with the exception of the 吉利银河星愿, which only charged the iPhone 13 Pro by 3% [7][8]. - The 吉利银河星愿 excelled in charging the Huawei P50 Pro, achieving a 30% charge, while the AMG S 63 and 华晨宝马i5 performed poorly, both under 5% [8]. Heat Generation Comparison - The heat generation during charging was measured, with the 奇瑞瑞虎8L showing a unique ability to lower the temperature of the iPhone 13 Pro by 12.7 degrees Celsius, while the 特斯拉Model Y maintained a minimal temperature difference of only 0.8 degrees [9][10]. - For the Huawei P50 Pro, the 吉利银河星愿 exhibited a significant temperature increase, while the AMG C 43 and 问界M9 showed minimal temperature change, indicating effective heat management [10]. Wireless Charging Functionality Comparison - Among the ten models, seven supported manual shutdown of the wireless charging function, with several offering both voice and touch screen controls for convenience [11]. - The AMG C 43, AMG S 63, and 特斯拉Model Y lacked the ability to turn off the wireless charging feature, suggesting a potential drawback for users who prefer not to leave their devices charging for extended periods [11]. Summary of Findings - The 极氪7X and 蔚来EC7 demonstrated strong overall performance, achieving over 10% charge for both smartphones and maintaining good heat control, along with versatile charging function controls [12]. - The 奇瑞瑞虎8L also performed well, particularly in heat management, although its charging efficiency for the Huawei P50 Pro was less impressive [12]. - The AMG C 43 and AMG S 63 showed lower charging efficiency and lacked the option to disable wireless charging, indicating areas for improvement [12]. - The results suggest a correlation between vehicle brand, price, and wireless charging performance, though it is not a definitive factor [12].

1 、 《 宇树机器人商业化路径分析 》摘要 2、 《 中国精密减速器行业全景分析与未来展望 》摘要 ■ 宇树机器人（Unitree Robotics）近期成为广告界的顶流，特别是在社交媒体和春晚等大型平台 上，凭借其幽默且具互动性的表现吸引了大量关注。 ■ 这一营销策略已帮助宇树科技与多个行业大牌合作，如科技、快消和互联网品牌，其中包括跨界站 台、舞台走秀、直播带货等活动，极大提升了品牌曝光度。 ■ 宇树机器人参与了多个广告项目，尤其是以G1、H1、Go2为主角，这些机器人展示了多种技能，如 唱跳、走秀和直播带货。 ■ 通过与大品牌的合作，宇树不仅提升了知名度，也加深了消费者对其产品的印象，尤其在竞争激烈 的机器人市场中，早期建立强大的品牌形象至关重要。 ■ 自2020年A轮融资以来，宇树的财务报告显示其连续五年盈利，且产品通过自主研发大幅降低了生 产成本，具备了强大的市场竞争力。 ■ 尽管宇树在C端市场通过价格亲民的策略和不断优化产品体验迎合消费者需求，但机器人普及仍面 临价格和实用性的双重挑战。 ■ 精密减速器主要功能是通过多级齿轮结构将电机的高转速转化为机械臂所需的低速大扭矩输出，从 而决定了机器人在 ...