8月25日，鸿蒙智行在成都举行的智界及问界秋季新品发布会上发布了多款新车。智界品牌方面，智界R7与S7迎来改款，售价区间为24.98万至30.98万 元、22.98万至28.98万元，相较预售价均下调了两万元。 据悉，新款智界R7与新S7主要针对内外细节、辅助驾驶，以及其他配置进行了升级，且配备了全新智界品牌LOGO，全系车型搭载HUAWEI ADS 4辅助驾 驶系统。其中，新款智界R7拥有纯电和增程两种动力形式，新S7则只有纯电版车型。"新车诚意满满，让尹总（奇瑞董事长尹同跃）下'血本'了。"华为常 务董事、终端BG董事长余承东在现场两次表示。 图片来源：每经记者 孙磊 摄 此外，此次新品发布会还发布了问界M8的纯电版车型，起售价与增程版一致。据悉，新车全系标配宁德时代100度电池，CLTC综合续航里程最高 705km。得益于取消增程器，问界M8纯电版拥有149L的智能电动前备箱。 图片来源：每经记者 孙磊 摄 问界品牌方面，问界M8纯电版迎来上市，将入门款车型改为Max+版，推出五、六座两种座椅布局，售价区间为35.98万至44.98万元；问界新M5 Ultra版则 发布了新配色跃影红，该款售价22.98 ...

截至午间收盘，国证机器人产业指数上涨1.6%，中证智能电动汽车指数上涨0.8%，中证消费电子主题 指数上涨1.1%，中证物联网主题指数上涨1.6%。机器人ETF易方达（159530）半日获近6000万份净申 购，该产品上周净流入合计近10亿元，位居机器人相关ETF第一，产品最新规模逼近60亿元。 每日经济新闻 | 信息传输、物联网应用领域 的公司股票组成。 | 1.6% 30.7倍 35.7% | | --- | --- | | 低碳率（低费率（0.15%+0.05%费率） | 注:"低费率"标签指管理费率0.15%/年,托管费率0.05%/年。 | ...

小米当前最重要的是完成全年 35 万辆的交付目标。 文 丨 曾兴 编辑 丨 龚方毅 8 月 19 日，小米集团公布了 2025 年第二季度财报。在汽车业务的强劲拉动下，集团总收入达 1160 亿元，连续五个季度创新高；经调整净利润 108 亿元，同比增长 75.4%。其中，汽车业务的表现超出 了最乐观的预期，销量、平均售价和毛利率同时跃升。 当季小米交付 8.1 万辆新车，汽车营收约 206 亿元、已占集团总收入近两成。随着高配车型（如 SU7 Ultra）交付增加，单车均价（不含税）环比提升 1.6 万元至 25.4 万元；季度毛利率在全行业深陷价格 战时依然上升到 26.4%。 据我们一线走访和交流，随着初期流量高峰过去，部分小米汽车门店的自然客流正在下降，到店者多 为已锁单用户。"店里 20+ 销售，周一到周五简直就是守寡式站岗。" 一位销售人员形容道。还有的销 售说店内客户关系维护和交付工作量巨大，但收入增长有限，"爆卖跟自己没关系"。准车主也抱怨服 务能力的滞后："我都熬走了 2 个交付了，车还没拿到。" 截至 6 月底，小米在国内开了 335 家汽车销售门店。卢伟冰在业绩会前的媒体沟通会上表示，国 ...

Group 1 - The index experienced a change of 0.6% at midday close [4] - The rolling price-to-sales ratio since its inception is 50.9 times, reflecting a 91.9% increase [4]

Group 1 - Xiaomi Group reported a record high in Q2 revenue and net profit, achieving revenue of 116 billion yuan, a year-on-year increase of 30.5%, and an adjusted net profit of 10.8 billion yuan, a year-on-year increase of 75.4% [1] - The automotive business is entering a phase of rapid growth, with significant narrowing of losses and a key breakthrough in the high-end market. Revenue from smart electric vehicles and AI innovation businesses reached 21.3 billion yuan, a year-on-year increase of 234%, with operational losses of 300 million yuan, significantly reduced [1] - Xiaomi's automotive business will not engage in price wars, focusing instead on maintaining healthy business operations, with a goal to expand globally by 2027 [1] Group 2 - Despite intense price competition in the air conditioning market, Xiaomi's home appliance business continues to grow, with revenue from major appliances increasing by 66.2% year-on-year. Air conditioner shipments are expected to exceed 5.4 million units, a year-on-year increase of over 60%, setting a historical record [2] - Xiaomi is the only brand among the top ten online air conditioning brands to achieve both volume and price growth in the first half of the year [2]

Core Insights - Xiaomi Group's revenue from innovative businesses such as smart electric vehicles and AI saw significant growth in Q2, with a substantial reduction in operating losses, indicating potential for quarterly profitability in the second half of the year [1] - From 2022 to the first half of 2025, Xiaomi's investment in automotive and other innovative sectors exceeds 30 billion yuan, suggesting that cumulative losses in new businesses remain considerable [1] - Xiaomi maintains confidence in achieving its annual delivery target of 350,000 electric vehicles, emphasizing a commitment to high-quality execution [1]

Core Insights - Xiaomi Group reported a record high revenue of 115.96 billion RMB for Q2, marking a 30.5% year-on-year increase, and an adjusted net profit of 10.83 billion RMB, up 75.4% [1][2] - The company achieved an operating profit of 13.44 billion RMB, exceeding the forecast of 10.43 billion RMB, with R&D spending reaching 7.76 billion RMB, a 41.2% increase [1][2] Revenue Breakdown - Revenue from the smartphone and AIoT segment was 94.7 billion RMB, a 14.8% increase, with a gross margin of 21.6% [2] - Smartphone revenue was 45.5 billion RMB, with a slight increase in shipment volume to 42.4 million units, but a 2.1% decline in revenue due to a drop in average selling price (ASP) [2][3] Market Performance - Xiaomi maintained its position as the top smartphone vendor in China with a market share of 16.8% and 11.5% gross margin in the smartphone segment [3] - Internationally, Xiaomi's smartphone shipments have seen growth for eight consecutive quarters, ranking in the top three in 60 countries and regions [3] Other Business Segments - IoT and lifestyle products generated 38.7 billion RMB in revenue, a 44.7% increase, with a gross margin of 22.5% [4] - Internet services revenue grew to 9.1 billion RMB, a 10.1% increase, although gross margin slightly decreased to 75.4% [4] Innovative Business Growth - Revenue from the smart electric vehicle and AI segment reached 21.3 billion RMB, a staggering 233.9% increase, with the automotive business contributing 20.6 billion RMB [4][5] - The electric vehicle segment delivered 81,300 units, a 197.7% increase year-on-year, although it still reported a loss of 300 million RMB [5]

凤凰网科技讯 8月15日，针对小鹏汽车与大众汽车集团签订扩大电子电气架构技术战略合作的协议，小 鹏汽车董事长何小鹏表示，很开心在和大众的合作中，可以不断学习优点来提高自己的不足。也不认为 这几年中国新能源汽车的小胜是领先，之后小鹏会和大众继续在智能电动汽车核心领域持续技术创新， 敬请期待2026年的合作车型上市。 双方研发团队通过深度技术创新，证实了原本为纯电车型开发的电子电气架构能够有效适配燃油和插电 混动平台，这一技术方案的成功将显著扩大搭载该架构车型在中国市场的覆盖范围。 根据最新签订的联合开发协议，双方将全力投入，为大众在华生产的CMP和MEB平台开发行业领先的 电子电气架构。双方研发的电子电气架构不仅将部署在大众中国市场的纯电车型平台，还将集成到燃油 和插电混动车型平台中，实现跨动力形式的平台化应用。 据凤凰网科技此前报道，8月15日上午，小鹏汽车与大众汽车集团宣布签署扩大电子电气架构技术战略 合作协议，双方联合开发的先进电子电气架构应用范围将从纯电动车型扩展至燃油车和插电混动车型平 台。 ...

Core Viewpoint - The smart electric vehicle sector is experiencing significant growth, as evidenced by the performance of the Zhongzheng Smart Electric Vehicle Index and the related ETF, indicating strong investor interest and market momentum [2][3]. Performance Summary - As of August 15, 2025, the Zhongzheng Smart Electric Vehicle Index (H11052) rose by 1.29%, with key stocks such as Yinlun Co., Ltd. (002126) increasing by 6.52% and Keda Li (002850) by 6.00% [2]. - The Smart Car ETF Taikang (159720) saw a 0.90% increase, with a recent price of 0.68 yuan. Over the past week, it has accumulated a 2.60% increase, ranking 1/4 among comparable funds [2]. - The trading volume for the Smart Car ETF Taikang was 139.85 million yuan, with a turnover rate of 2.7%. The average daily trading volume over the past year was 156.28 million yuan [2]. Fund Performance Metrics - The net value of the Smart Car ETF Taikang increased by 38.85% over the past year. The highest monthly return since inception was 27.78%, with the longest consecutive monthly gain being 3 months and an average monthly return of 7.95% [3]. - The fund's Sharpe ratio was 1.16 as of August 8, 2025, indicating strong risk-adjusted returns [3]. - The fund's management fee is 0.50%, and the custody fee is 0.10% [3]. Tracking and Composition - The Smart Car ETF Taikang closely tracks the Zhongzheng Smart Electric Vehicle Index, which includes companies involved in various aspects of the smart electric vehicle industry, reflecting the overall performance of listed companies in this sector [3]. - As of July 31, 2025, the top ten weighted stocks in the Zhongzheng Smart Electric Vehicle Index accounted for 60.99% of the index, with companies like CATL (300750) and BYD (002594) being the largest contributors [4]. Top Holdings Performance - The top ten holdings of the Smart Car ETF Taikang and their respective performance include: - CATL (300750): +0.24%, 14.97% weight - BYD (002594): -0.17%, 13.89% weight - Luxshare Precision (002475): +0.05%, 7.13% weight - Huichuan Technology (300124): +1.01%, 4.94% weight - Omnivision Technologies (603501): +1.17%, 4.42% weight - Great Wall Motors (601633): +2.66%, 3.80% weight - iFlytek (002230): +0.66%, 3.15% weight - Changan Automobile (000625): +0.54%, 3.00% weight - Sanhua Intelligent Control (002050): +4.42%, 2.80% weight - EVE Energy (300014): +2.88%, 2.66% weight [6].

Group 1 - Xiaopeng Motors and Volkswagen Group have signed an agreement to expand their strategic cooperation on electronic and electrical architecture technology [1] - The jointly developed electronic and electrical architecture will be integrated into Volkswagen's pure electric vehicle platforms in the Chinese market, as well as its fuel and plug-in hybrid vehicle platforms [1] - This expanded cooperation agreement marks another significant milestone following the joint development agreement signed on July 22, 2024, highlighting the deep mutual trust and commitment to technological innovation in the smart electric vehicle sector [1] Group 2 - Volkswagen Group's management emphasizes that the application of advanced technological achievements should not be limited to a single powertrain type [2] - The extension of the CEA architecture to Volkswagen's strong fuel vehicle product matrix will further solidify its technological leadership in the traditional powertrain market [2] - In the competitive Chinese automotive market, Volkswagen Group aims to optimize its cost structure to provide attractive vehicle options, creating stronger strategic depth and more space for targeted innovative investments [2]