Group 1 - Apple is set to launch its first foldable iPhone in the second half of 2026, with strong market demand expected due to its large customer base, although final sales will depend on pricing strategy [2] - Microsoft's negotiations with OpenAI aim to secure a future IPO for OpenAI while ensuring Microsoft's access to advanced AI models, with Microsoft willing to give up some equity for technology rights beyond 2030 [3] - CoreWeave plans to explore debt financing of $1.5 billion after an unsuccessful IPO, reducing its initial target of $2.7 billion due to investor concerns over its heavy debt load and the AI infrastructure market's weakness [4] Group 2 - GMV, a Spanish tech company, has launched a lunar navigation system called LUPIN, which uses signals from lunar orbit satellites to provide real-time positioning for rovers and astronauts on the Moon [5] - The UK government has announced a £1 billion financing agreement for the AESC super factory in Sunderland, which will produce batteries for electric vehicles, increasing capacity to supply batteries for up to 100,000 electric vehicles annually, six times the current level [6][7]

Core Viewpoint - The recent challenges faced by Xiaomi's founder and CEO Lei Jun have prompted a period of reflection and adjustment for the company, particularly in the electric vehicle sector, following a serious incident involving the Xiaomi SU7 [1][2]. Group 1: Company Challenges and Responses - Lei Jun described the past month as the most difficult since founding Xiaomi, leading to a temporary withdrawal from public engagements and social media [1]. - The company has faced scrutiny after an accident involving the Xiaomi SU7, resulting in a rebranding of "smart driving" to "assisted driving" on their vehicle ordering page [1]. - Despite these challenges, Lei Jun expressed gratitude for the support received, which has helped him regain confidence and motivation [1]. Group 2: Product Development and Future Outlook - The Xiaomi SU7 Ultra is currently undergoing testing at the Nürburgring, indicating the company's commitment to advancing its electric vehicle technology [2]. - Xiaomi's participation in the Shanghai Auto Show showcased its products, including the SU7 Ultra, and highlighted the company's ongoing efforts in the automotive sector [1]. - The company remains focused on addressing the incident's implications while continuing to push forward with its electric vehicle initiatives [2].

1.【日产放弃在日本建11亿美元电动汽车电池厂的计划】日产汽车5月9日表示，将放弃在日本西南部九州 岛建造一座耗资11亿美元的电动汽车电池厂的计划。日产汽车表示，公司正在采取扭亏为盈的行动，并 探索恢复业绩的所有方案。日产汽车曾于今年1月宣布，计划在北九州市建造一座磷酸铁锂（LFP）电池 厂，投资1533亿日元（合10.5亿美元），创造约500个就业岗位。（财联社） 2.【理想L系列智能焕新版来了，辅助驾驶芯片全系升级，5月9日开启交付】理想L系列智能焕新版发 布，此次智能焕新版四款车型主要围绕外观造型、底盘、辅助驾驶、智能座舱等软硬件功能进行升级。 其中，L系列智能焕新版全系迎来辅助驾驶芯片升级：AD Pro（辅助驾驶）搭载新一代地平线征程®6M芯 片，AD Max（高级辅助驾驶）搭载NVIDIA Thor-U芯片，成为首个大规模量产交付NVIDIA Thor-U芯片 的高级辅助驾驶平台，拥有700TOPS的算力。（网易） 3.【奇瑞更大的"方盒子"越野车：iCAR全新中型硬派SUV谍照曝光】多名博主晒出一组奇瑞旗下iCAR全 新车型的路试谍照，新车尺寸明显大于两款现有的车型 ——iCAR 03和iCAR ...

【文/观察者网 张家栋 编辑/高莘】 据日经亚洲5月8日报道，三菱汽车与富士康共同宣布，将通过后者制造的Model B电动车，开拓大洋洲 市场。 同时，在其表现较好的北美市场，三菱却受到特朗普政府加征"对等关税"的冲击，对其进一步的增长计 划造成冲击。 目前三菱在北美地区的销量约占全球总销量的1/5，且在美国销售的车型均源于日本出口，三菱表示， 转嫁关税成本将影响该地区的销量。 所以，三菱主动选择接触富士康并寻求帮助，以期通过后者的电动化车型拓展新市场。 据统计，2023财年三菱在大洋洲销量约8.4万辆，占其总销量近10%。但其在大洋洲的营业利润达到240 亿日元（约12.1亿元人民币），甚至超过了销量最大的东盟地区。为此，三菱将大洋洲定位为增长型市 场，计划到2030年在该地区推出多款混合动力和电动汽车。 但一位三菱高管透露了与富士康合作的另一个原因："（新车型）内部开发风险很大，而且销量也不确 定。与外部合作伙伴合作，可以让公司在推出新车的同时降低成本，从而为较低销量的情况下也能实现 盈利铺平道路。" 富士康将向三菱提供Model B电动车 日经亚洲 Model B是此前富士康为展示电动汽车制造能力打造的 ...

Group 1 - Foxconn, the world's largest electronics contract manufacturer, is accelerating its entry into the electric vehicle (EV) industry by partnering with Mitsubishi Motors to develop an EV targeted at the Australian and New Zealand markets, set to launch in the second half of 2026 [1] - This collaboration marks a significant breakthrough for Foxconn, which has been pursuing the EV market since 2019, and represents a pivotal shift in the automotive industry towards external manufacturing models [1][2] - Mitsubishi, primarily focused on plug-in hybrid electric vehicles (PHEVs), is facing challenges in keeping pace with the rapidly evolving EV market, making this partnership crucial for its transition [2] Group 2 - Mitsubishi's strengths lie in its robust hybrid vehicle lineup and strong presence in Southeast Asia, but it needs to enhance its electric vehicle offerings to compete effectively [2] - Foxconn's EV business is part of its long-term growth strategy to reduce reliance on iPhone assembly, especially in light of recent disruptions caused by changes in U.S. tariff policies [2] - Foxconn's subsidiary, Hon Hai Advanced, plans to accelerate EV development by utilizing standardized platforms and components, aiming for a win-win situation that benefits both Mitsubishi and Foxconn [2] Group 3 - Previously, Foxconn proposed acquiring Nissan shares as a means to enter the automotive market, but this plan did not progress; interestingly, Nissan is Mitsubishi's second-largest shareholder, providing Foxconn with another avenue to develop automotive business relationships [3]

马斯克承诺减少在华盛顿的活动，以增加在特斯拉奥斯汀总部的时间，而此时特斯拉董事会可能已经到 了崩溃的边缘。 媒体上周报道称，特斯拉董事会正处于寻找这家电动汽车制造商下一任首席执行官的正式程序的初始阶 段。据报道，董事会还告诉马斯克，他需要花更多的时间回到公司，并且需要让特斯拉的投资者和公众 特斯拉看涨人士将需求低迷归咎于新款Model Y的换代，这也导致了产量放缓。不过，这家电动汽车制 造商已于3月份在德国等欧洲地区开始交付新款 Model Y，尽管仅限于全轮驱动版本。目前尚不清楚这 些交付量是否会上升到更高的水平。但可以肯定的是，新款Model Y已经可以交付。 两大因素加剧了特斯拉在欧洲的困境。比亚迪在欧洲地区的销量增长正在蚕食特斯拉在多个欧洲国家的 销量。此外，即便是大众、福特和菲亚特等老牌汽车制造商，4月份的销量也实现了增长。 另一个重要因素是首席执行官埃隆·马斯克及其有争议的行为。马斯克与美国总统特朗普的亲密关系， 以及他对欧洲右翼政客的支持，都对特斯拉的品牌产生了影响。例如，美国和海外特斯拉展厅的抗议活 动仍在持续。此外，车主以惊人的速度出售车辆，导致二级市场价格下跌。 由于特斯拉品牌受损以及第一 ...

【环球时报特约记者 陈欣】特朗普政府的2026财年预算提案到底释放了什么信号？美国各界议论纷纷。白宫当地时间2日向国会提交了美国政府 2026财年预算提案，其中国防支出增加13%，国土安全支出增加近65%，非国防可自由支配支出将削减23%。美联社3日表示，该提案寻求对国内 优先事项进行全面重组。彭博社则称，特朗普政府预算案的轮廓凸显其试图通过国会控制支出的力度，以及他试图实施的一系列行政措施。目 前，该预算提案面临来自两党以及多个利益相关方的质疑，其过于精简的内容也让部分媒体仅将其视为一份"愿望清单"，并不认为其将获得国会 认可。 国家安全开支将超 1 万亿美元 据英国《金融时报》4日报道，白宫管理和预算办公室提交的预算提案概述了美国总统特朗普在"可自由支配"支出方面的优先事项。它不包括社会 保障、医疗保险和联邦债务利息等长期"强制性"支出。 美国有线电视新闻网（CNN）3日报道称，总体而言，白宫提交的2026财年预算为1.7万亿美元，较上一年度下降7.6%。彭博社称，国家安全经费 将增至1.01万亿美元，比上一年增长13%，创下新纪录。国土安全部是特朗普打击非法移民、加强边境安全和驱逐无证移民的核心部门，该 ...

Investment Rating - The report recommends the industry [6] Core Insights - The overall revenue for the company in Q1 2025 reached 21.15 trillion KRW (114.21 billion RMB), marking the highest quarterly revenue in 10 quarters, driven by the inclusion of SK Innovation E&S performance [1][19] - Despite improvements in the battery business, the company faced operating losses due to declining refining profit margins and falling international oil prices [1][19] Financial Performance Summary Q1 2025 Overall Performance - The company reported an operating loss of 446 billion KRW (24.1 million RMB) in Q1 2025 [1][19] Business Segment Performance 1. **Refining Business** - Revenue: 11.92 trillion KRW (643.68 million RMB); Operating profit: 363 billion KRW (19.6 million RMB) [4][19] - Operating profit decreased by 306.1 billion KRW (16.53 million RMB) compared to the previous quarter due to global economic slowdown concerns and OPEC+ production cuts [4] 2. **Petrochemical Business** - Revenue: 2.48 trillion KRW (133.92 million RMB); Operating loss: 1.14 trillion KRW (61.7 million RMB) [5][19] - Continued operating losses due to weak demand for paraxylene (PX) and olefin products [5] 3. **Lubricants Business** - Revenue: 972.2 billion KRW (52.50 million RMB); Operating profit: 121.4 billion KRW (6.56 million RMB) [7][19] - Operating profit decreased by 18.1 billion KRW (977.4 thousand RMB) due to economic slowdown impacts [7] 4. **Exploration & Production (E&P) Business** - Revenue: 383.1 billion KRW (20.69 million RMB); Operating profit: 120.4 billion KRW (6.50 million RMB) [8][19] - Slight revenue growth, but operating profit decreased by 25.4 billion KRW (1.37 million RMB) due to declining sales in Peru [8] 5. **Battery Business** - Revenue: 1.61 trillion KRW (86.94 million RMB); Operating loss: 299.3 billion KRW (16.16 million RMB) [9][19] - Revenue growth driven by increased sales in North America, with operating profit improving by 60.1 billion KRW (3.25 million RMB) compared to the previous quarter [9] 6. **Materials Business** - Revenue: 238 billion KRW (1.29 million RMB); Operating loss: 548 billion KRW (2.96 million RMB) [10][19] - Operating profit increased by 19.3 billion KRW (1.04 million RMB) due to sales growth and reduced one-time costs [10] 7. **SK Innovation E&S** - Revenue: 3.75 trillion KRW (202.5 million RMB); Operating profit: 1.93 trillion KRW (10.43 million RMB) [11][19] - Operating profit increased by 78.9 billion KRW (4.26 million RMB) due to increased urban gas sales driven by winter heating demand [11] Q2 2025 Outlook 1. **Refining Business** - Expected gradual improvement in refining profit margins due to seasonal demand factors [12] 2. **Petrochemical Business** - Anticipated improvement in aromatics spreads due to reduced regional PX supply and new PTA facilities coming online [13] 3. **Lubricants Business** - Expected to maintain stable profitability due to strong demand for high-quality base oils [14] 4. **Exploration & Production Business** - Ongoing discussions for drilling more production wells following successful drilling operations [16] 5. **Battery Business** - Anticipated continued growth in North American sales driven by electric vehicle battery demand [17] 6. **Materials Business** - Expected significant sales growth due to increased sales to major customers and new product launches [17] 7. **SK Innovation E&S** - Plans to ensure stable and competitive LNG supply through various channels [18]

Core Viewpoint - AKWEL reported a consolidated revenue of €255.6 million for Q1 2025, reflecting a decline of 4.0% compared to the previous year, amid a general downturn in global automotive production, with exceptions in China and Japan [2][4]. Revenue Summary - The consolidated revenue for Q1 2025 (January 1 to March 31) was €255.6 million, down from €263.5 million in Q1 2024, marking a decrease of 3.0% [4]. - The revenue decline was attributed to a 4.0% drop when adjusted for constant business scope and exchange rates [4]. Regional Revenue Distribution - Revenue from product and functional business was €247.8 million, down 3.3%, with growth in emissions control (+10.4%) and cooling systems (+4.5%), while air management (-27.1%), mechanical components (-8.7%), and fuel systems (-2.7%) saw declines [5]. - Revenue from the tooling business remained stable at €5.6 million [5]. - Regional revenue breakdown: EMEA: €170.7 million (-3.8%), Americas: €76.4 million (-1.9%), Asia: €8.5 million (+2.8%) [8]. Financial Position - As of March 31, 2025, the company reported a net cash position (excluding lease liabilities) of €149.6 million, an increase of €4.6 million from December 31, 2024 [5]. - The investment amount for the period was €8.6 million, compared to €20.2 million in the same period of 2024 [5]. Market Outlook - The company maintains its expectation for a decline in full-year revenue for 2025, anticipating a decrease similar to the previous year, despite a narrowing of the decline compared to the last two quarters [5].

虽然大众汽车保持其2025年的前景展望不变，但该公司表示，其高达5%的销售增长预测并未考虑到美 国关税的影响。不过，该公司表示，目前预计营业销售利润率将在5.5%至6.5%的目标区间的低端。 智通财经APP获悉，德国大众汽车公司(VWAGY.US)第一季度收益下降40%，原因是制造成本上升削减 了利润率，而且美国关税给这家德国汽车制造商的前景蒙上了阴影。该公司周三表示，截至3月份的三 个月，税前利润为31亿欧元，低于去年同期的51亿欧元。集团营业利润率从6%降至3.7%。 本月早些时候，大众汽车提前发布了季度收益，指出运营利润受到了特殊项目约11亿欧元的冲击。其中 约3亿欧元的费用归因于柴油问题和美国对3月份出货的汽车征收的关税。不过，这家德国公司周三表 示，欧洲对其新车型的需求一直很强劲，第一季度的订单积压量上升至近100万辆。 由于面临成本上升和欧洲工厂产能过剩，以及关键市场的需求疲软，大众汽车的盈利能力有所下降。与 此同时，欧洲和美国对电动汽车的购买并不均衡，特朗普的关税可能会进一步损害利润。 欧洲汽车制造商一直难以评估美国关税的全面影响，因为特朗普政府继续通过警告、豁免和延迟频繁改 变立场。最近，特朗 ...