25年6月，理想交付36279，环比下降11.2%, 同比下降24%。 根据TOP2推算，各车型25年6月交付大约为： L6:16389 L7:8250 L8:4360 L9:4968 L789:17578 MEGA:2312 | | 1月 2月 4月 | | | | 8月 9月 10月 | | 11月 12月 | | --- | --- | --- | --- | --- | --- | --- | --- | | 24年 | | | | | | | | | L789 | 31166 20252 25755 22078 21441 | | 23321 | 25490 | 22479 27419 | 24805 | 23562 29489 | | L6 | 2381 | 12965 | 23864 | 24856 | 24897 25393 25814 24318 27769 | | | | MEGA | 3229 1145 | 614 | 589 | 654 | 746 879 | 824 | 863 1255 | | 息交付 | 31165 20251 28984 25787 35020 | | 4777 ...

高工锂电15周年特别策划 ● 15年，从破土萌芽，到枝桠参天；从步履蹒跚，到健步如飞。以2010年"十城千辆"为 肇始，在新能源汽车产业的强力牵引下，中国动力电池发展走过了波澜壮阔的15年。 ● 15年，筚路蓝缕，玉汝于成。中国动力电池产业经历了从0到1，从弱小到壮大，从跟随 到领跑的完整历程，如今已经成为中国制造走向全球的"新三样"代表，也成为中国经济转型 升级的时代注脚。 ● 以 2025年为转折，中国动力电池产业将开启新的15年征程。瞭望新征程，将会是更具 挑战，交通电动化向全场景渗透，能源体系变革也加速走向纵深，这也意味着，新应用场景 开启，新技术与产品创新，新商业模式落地，新的产业生态与格局。 ● 全球化也将成为中国锂电产业新征程中的时代命题。如何从领跑全球，到真正融入全 球，并成长出一批具备跨国经营的国际企业，将成为中国锂电产业新 15年的最大考验。能 否在新的征程中续写新时代的辉煌，让我们期待中国锂电产业的时代答卷。 高工15年，与行业同行 ● 15年前，高工锂电开始用脚步丈量行业，用研究报告测量行业变化的温度，用杂志、网 站、微信传递行业信息，用会议搭建行业间交流桥梁，记录行业的起伏波澜，低谷 ...

Core Insights - The article emphasizes the need to understand evolving consumer behaviors in the context of macroeconomic uncertainties, inflation, geopolitical tensions, and technological disruptions, highlighting a shift from pandemic-induced consumption to a new stable norm [1] Group 1: Changes in Consumer Behavior - Consumers are spending more time alone online, with nearly 90% of the additional 3 hours per week in the U.S. dedicated to solitary online activities, leading to a decline in face-to-face social interactions [2][3] - In China, there is a dual focus on family and social relationships while "self-consumption" trends are rising, with categories like personal care and home entertainment becoming dominant [2][3] Group 2: Trust Dynamics - Despite high usage of social platforms, consumers exhibit low trust in these platforms for purchase recommendations, preferring advice from friends, family, and verified reviews [4][5] - Brands must shift from traditional advertising to building trust through authentic word-of-mouth and verifiable social content, as the context of who says what is more critical than the message itself [5] Group 3: Gen Z Consumer Trends - Gen Z is now a dominant consumer group, characterized by financial fragility yet a willingness to spend on self-expression and social currency, particularly in beauty, fashion, and wellness sectors [6][7] - This generation seeks brands that resonate with their values and cultural identities, emphasizing the need for brands to align with their ideals rather than merely adopting a youthful image [8] Group 4: Local Brand Preference - There is a significant shift towards local brands, with 47% of consumers preferring them, especially in food, beauty, and daily consumer goods, driven by a desire for familiarity and trust amid global uncertainties [9] - The rise of local brands in China reflects deeper cultural connections and a response to geopolitical tensions, indicating that global brands must localize their strategies to remain relevant [9] Group 5: Value Calculation Changes - Consumers are becoming more strategic in their spending, often trading off between categories, with over 79% engaging in "non-linear downgrading" to justify purchases in non-essential categories [11] - In China, the trend of "self-care" post-pandemic indicates that consumers are not just looking for discounts but for rationalizations of their spending, focusing on emotional and identity-driven purchases [11] Conclusion - The article concludes that understanding the complexities of human behavior is crucial for brands in navigating the evolving consumer landscape, emphasizing the importance of emotional resonance and genuine connections over mere transactional relationships [12][13]

本次摄影展由中国民用机场协会联合中国民航报社、民航博物馆共同主办，从策划到征集，从选审到布 展，历时一个半月，得到绝大多数机场集团、运输机场的大力支持，共征集到图片共2900余张，根据方 案确定的原则，经过专家从政治、质量、艺术三个方面把关，共选取约300多张图片，分管理体制改 革、基础设施建设、安全运行保障、机场服务品质、绿色机场建设和服务地方发展六个板块展示，旨在 通过镜头语言，定格那些在体制改革进程中具有标志性意义的瞬间，记录机场建设重大工程的辉煌成 果，展现机场发展的主要成就。 据悉，为全面、生动、直观地展示属地管理二十年来我国民用机场的发展成就，机场协会与共同主办方 多次研究、精心筹划了系列纪念活动，先后开展了机场属地管理20周年征文活动，在中国民航报刊登专 题纪念文章和图片专版，组织召开机场属地管理20周年座谈会等。本次在民航博物馆组织的机场属地管 理20周年图片展，为机场属地管理20周年系列活动画上圆满句号。（编辑：陈虹莹 校对：李佳洹 审 核：韩磊） 中国民航网 通讯员孙德富 报道：7月1日，机场属地管理20周年图片展在民航博物馆钱耿文馆长和中国 民用机场协会王瑞萍理事长的见证下正式对外接待观 ...

Group 1 - The current global energy landscape is undergoing a significant transformation, with coal potentially remaining in a golden era due to policy directions and energy security demands [1] - Coal supply is tight due to strict capacity control under dual carbon policies, increased safety and environmental regulations, and regional supply differentiation, particularly as eastern resources diminish and mining in Shanxi stabilizes [1] - The increasing difficulty of coal mining and heightened safety standards may lead to a new normal of underproduction, highlighting the scarcity of resources [1] Group 2 - Coal's status as a primary energy source is unlikely to change in the short term, with strong demand resilience driven by continuous growth in electricity generation [1] - The coal price is expected to maintain a fluctuating pattern, with coal companies showing strong profit sustainability and improved cash flow following balance sheet optimization [1] - The coal ETF (code: 515220) is the only coal ETF in the market, tracking the CSI Coal Index (code: 399998), which reflects the overall performance of listed companies involved in coal mining, processing, and sales [1]

图片巨头 Getty Images 则抓住了 Stability AI 的现行—— AI 不仅「吃」了它数百万张带版权的图片，甚至在生成的新图里，还心虚地「吐」出了那个标志 性的水印，像个作案后忘了擦掉指纹的笨贼。 这些案子的起因都源于那个让所有 AI 公司夜不能寐的问题： 用来训练模型的海量数据，究竟算不算「赃物」？ 过去几个月，AI 圈一桩桩版权案接连爆出。 迪士尼拉着环球影业，把 Midjourney 告上法庭，指控它在没打一声招呼的情况下，就学会了画《星球大战》和《小黄人》。 最近，两场判决落槌，似乎给出了一个答案。Anthropic 和 Meta 在版权官司中都获胜让许多人以为警报已经解除。但细看之下，这场胜利并非这么简单 ——法官在判决书里悄悄留下了一串解开谜题的钥匙。 从表面上看，案情并不复杂。一群作家指控这两家公司用他们写的书来训练大模型，这是偷窃。AI 公司则辩称，这叫「变革性使用」，是学习，不是抄 袭，属于法律允许的「合理使用」。 出人意料的是，法官采纳了 AI 公司的说法。他们认为，用书籍训练 AI，和直接复制书籍来卖是两码事，确实有「变革性」，而且原告作家们也没能拿出 有力证据，证明自 ...

香港财政司司长陈茂波6月29日发表司长随笔《亚洲新时代》。陈茂波表 示，上周发布的《数字资产发展政策宣言2.0》，四个支柱之一便是"推进 应用场景及跨界别合作"，当中提到稳定币是在传统金融系统以外提供具 成本效益的替代方案，有潜力为支付及资本市场活动带来变革，包括跨境 支付。稳定币的法例将在今年8月1日生效，特区政府及金融监管机构将致 力营造有利的市场环境，配以必要的监管措施，推动发行人把稳定币应用 推展至不同场景，助力解决企业经商以至市民生活中的实质痛点。 几个重大宏观趋势 上周，我先后到访天津和北京，分别出席世界经济论坛2025年新领军者年会（又称"夏季达沃斯论 坛"），以及亚洲基础设施投资银行（亚投行）第十届理事会年会。这两个会议焦点并不一样，却不约 而同对几个重大宏观趋势非常关注，包括： 在全球化遭遇逆风、在多边主义面临巨大挑战的当前，到底如何维持环球经济的增长动力？发展中国家 如何应对如关税战、气候变化等挑战？如何把握科技革命尤其人工智能和数字化，以及产业变革的机 遇？怎样建构更平等有序和普惠包容的全球治理体系？ 与会者对中国经济未来发展非常关注，普遍认为是环球经济，尤其亚洲区内经济稳定发展的重要力 ...

Core Viewpoint - The company is facing significant challenges, with revenue stagnation and a lack of new growth drivers, indicating a potential "mid-life crisis" for the brand [3][11]. Financial Performance - For the fiscal year 2024, the company reported revenue of 23.511 billion yuan, a slight decrease of 0.3% year-on-year; net profit was 4.336 billion yuan, an increase of 8.6% [3][8]. - The decline in revenue is attributed to adverse weather conditions affecting ice cream and rice snacks, with revenues dropping in the "low double digits" and "high single digits," respectively [8][10]. - The company’s market share in the snack industry is low, with the top five companies only holding 5.9% of the market, and the company ranked fifth with retail sales of 1.348 billion yuan [8]. Historical Context - The company experienced rapid growth from 2004 to 2013, with revenue growth rates around 20%, peaking with a market capitalization exceeding 170 billion HKD [8][9]. - Since then, the company has struggled to maintain growth, with its market capitalization shrinking to 62.5 billion HKD, less than 40% of its peak value [9]. Business Composition - The beverage segment is crucial, contributing 52% of total revenue, with the flagship product, Wangzai Milk, showing only "low single-digit" growth [10]. - The rice snacks and leisure food segments also faced declines, with rice snacks revenue down 1.2% and leisure foods down 2.6% due to poor sales during the Spring Festival [10]. Industry Dynamics - The snack industry in China is characterized by a large market size but low concentration, with many private label products competing against established brands [8][12]. - The rise of e-commerce and new retail formats has disrupted traditional sales channels, with the company lagging in adapting to these changes [13][14]. - The shift in consumer preferences towards health, value, and emotional connection with products has created additional challenges for the company [14]. Distribution Challenges - The company relies heavily on traditional wholesale markets, with about 80% of its revenue coming from these channels, while new channels like e-commerce are only beginning to gain traction [13]. - Distributors are facing increasing pressure from manufacturers to meet high sales targets, leading to issues with high inventory and low profit margins [15].

高工锂电15周年特别策划 ● 15年，从破土萌芽，到枝桠参天；从步履蹒跚，到健步如飞。以2010年"十城千辆"为 肇始，在新能源汽车产业的强力牵引下，中国动力电池发展走过了波澜壮阔的15年。 ● 15年，筚路蓝缕，玉汝于成。中国动力电池产业经历了从0到1，从弱小到壮大，从跟随 到领跑的完整历程，如今已经成为中国制造走向全球的"新三样"代表，也成为中国经济转型 升级的时代注脚。 ● 以 2025年为转折，中国动力电池产业将开启新的15年征程。瞭望新征程，将会是更具 挑战，交通电动化向全场景渗透，能源体系变革也加速走向纵深，这也意味着，新应用场景 开启，新技术与产品创新，新商业模式落地，新的产业生态与格局。 ● 全球化也将成为中国锂电产业新征程中的时代命题。如何从领跑全球，到真正融入全 球，并成长出一批具备跨国经营的国际企业，将成为中国锂电产业新 15年的最大考验。能 否在新的征程中续写新时代的辉煌，让我们期待中国锂电产业的时代答卷。 1.高工对话 ● 领航 15年，对话锂电产业20位企业领袖 ● 后浪奔涌，对话中国新能源新青年领袖 2.高工圆桌派 高工15年，与行业同行 ● 15年前，高工锂电开始用脚步丈量行业 ...

Core Insights - The "2025 Art Market Trends Report" provides an in-depth analysis of the global art market, focusing on key trends, important data, and critical conclusions, emphasizing the need for a dynamic understanding of the art ecosystem [4][6]. Group 1: Market Trends - The report identifies ten key trends in the art market, highlighting changes in trading dynamics, market structure, and the impact of technology on the art ecosystem [12]. - The gallery sector is experiencing two main trends: slowing sales and rising costs, leading to increased pressure on small and medium-sized galleries [12][17]. - A significant number of galleries, over 30, have closed recently, indicating a broader trend of consolidation and transformation within the industry [13]. Group 2: Auction Market Dynamics - The global auction market remains relatively tight, with major auction houses like Christie's and Sotheby's facing performance pressures, projecting a 16% decline in Christie's global sales to $4.2 billion in 2024 [22]. - Auction houses are adapting by adjusting commission structures and exploring new client acquisition strategies to stabilize market dynamics [22][24]. - There is a growing focus on emerging markets, particularly in Asia and Africa, as auction houses seek to mitigate the impact of traditional market declines [27]. Group 3: Regional Market Insights - The Chinese art auction market exhibits cyclical patterns influenced by economic conditions, policy changes, and artistic trends, maintaining basic stability despite challenges [29][31]. - The Basel Art Fair continues to lead the global art fair market, with Paris gaining prominence as a key player following Brexit, while London remains influential with a 12% increase in transaction volume in 2023 [33][35]. - Hong Kong's art market has faced three consecutive years of declining performance, yet it remains a crucial hub for connecting domestic and international markets [39][41].