Key Takeaways NVDA's automotive revenue surged 72% YoY to $567M in Q1, targeting a multitrillion-dollar opportunity. NVIDIA's full-stack AI chips are now in production for Mercedes Benz, with Volvo and BYD also onboard. NVDA chips and robots are powering Tesla supercomputers and auto factories for GM and Hyundai.NVIDIA Corp. (NVDA) has identified a hidden gem for its highly demanded generative artificial intelligence (AI) enabled GPUs (graphical processing units) or chips. Aside from the robust business o ...

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Core Viewpoint - Zeekr Group reported strong delivery results for May 2025, showcasing significant year-over-year and month-over-month growth in vehicle deliveries [2]. Delivery Performance - In May 2025, Zeekr Group delivered a total of 46,538 vehicles, marking a 15.2% increase year-over-year and a 12.6% increase compared to April 2025 [2]. - The Zeekr brand accounted for 18,908 vehicle deliveries, while Lynk & Co contributed 27,630 vehicles [2]. Company Overview - Zeekr Group, headquartered in Zhejiang, China, is a leading premium new energy vehicle group under Geely Holding Group, focusing on creating a fully integrated user ecosystem [3]. - The company operates two brands, Lynk & Co and Zeekr, and is committed to innovation, sustainability, and diversity [3]. - Zeekr Group is developing its own software systems, e-powertrain, and electric vehicle supply chain to enhance its market position [3].

2. 蔚来能源与极氪能源达成充电互联互通合作。 3. 小米YU7到店，但上市发布会之前不可以试驾和上车体验。 4. 李想：第二款纯电SUV理想i6 9月发布 5. 理想汽车第一季度净利润为6.47亿元，同比增加9.4%。 6. 马斯克：特斯拉一直在奥斯汀公共道路上测试无人驾驶的Model Y车型，目前尚未发生任何事故。 7. 曝哪吒汽车债转股失败 投资方要求哪吒汽车罢免CEO。 1. 快手可灵AI上线2.1系列模型。 2. 阿里巴巴开源了创新自主搜索AI Agent——WebAgent。 3. 云从科技多模态大模型登顶OpenCompass全球多模态榜单。 1. 崔东树：今年1-4月中国占世界新能源车份额68%、自主海外新能源份额12%。 1. 国内首个"液氧甲烷+不锈钢+海上软着陆回收"火箭成功回收。 2. 波士顿科学退出全球心脏瓣膜业务。 3. 珠海最高给予3000万元资助机器人关键核心技术攻关。 4. 宇树更名"股份有限公司"引上市猜测，公司回应称是公司运营方面的常规变更。 5. 美国能源部宣布推出由戴尔和英伟达提供支持的新型超级计算机，以加快科学研究进展 6. 支持华为、龙芯、英伟达、英特尔 重磅国产 ...

点 击 蓝 字 关 注 我 们 本文全文共 3604 字，阅读全文约需 12 分钟 本文详细资讯可在中国汽车流通协会乘用车市场信息联席分会官网下载：www.cpcaauto.com 乘用车： 5月1-25日，全国乘用车市场零售135.8万辆，同比去年5月同期增长16%，较上月同期增长9%， 今年以来累计零售823万辆，同比增长9%；5月1-25日，全国乘用车厂商批发138.9万辆，同比去年5月同期增长 17%，较上月同期下降1%，今年以来累计批发985.8万辆，同比增长12%。 新能源： 5月1-25日，全国乘用车新能源市场零售72.6万辆，同比去年5月同期增长31%，较上月同期增长 11%，全国新能源市场零售渗透率53.5%，今年以来累计零售405万辆，同比增长35%；5月1-25日，全国乘用 车厂商新能源批发75.3万辆，同比去年5月同期增长26%，较上月同期增长0%，新能源厂商批发渗透率54.2%， 今年以来累计批发473.4万辆，同比增长39%。 2.2025年5月全国乘用车零售市场平稳较强 | | 1-5日 | 6-11日 | 12-18日 | 19-25日 | 26-31日 | 1-25日 | ਵ ...

Group 1 - General Motors (GM) has decided to stop exporting vehicles from the United States to China amid ongoing trade negotiations between the two countries [1] - The Durant Guild, GM's premium import brand, accounted for less than 0.1% of total sales in China, prompting a restructuring of operations due to significant economic shifts [2] - In Q1 2025, GM and its joint ventures delivered over 442,000 vehicles in China, achieving year-over-year sales growth and increasing market share for the third consecutive quarter [3] Group 2 - Sales of new energy vehicles (NEVs) in China surged by 53.2% year-over-year, with GM planning to expand its NEV portfolio further in 2025 [3] - Ford Motor Company has also paused shipments of several U.S.-built vehicles to China due to retaliatory tariffs, which have increased import taxes significantly [4] - Tesla halted new orders for its Model S and Model X in China following increased tariffs on U.S. imports, facing rising competition from domestic manufacturers like BYD [5]

值得注意的是，相关政策的持续优化也在持续为增换购市场增添源源不断的动力。目前，汽车以旧换新 政策已经由"大水漫灌"转向"精准滴灌"，2025年超1500亿元特别国债资金注入，将进一步扩大补贴覆盖 范围，预计全年拉动汽车零售额超5800亿元。下一步，还将持续优化补贴退出机制，引导企业从"政策 依赖"转向"技术驱动"，同时结合汽车以旧换新，进一步完善动力电池回收、二手车流通等配套政策， 形成"旧车淘汰-资源回收-新车消费-产业升级"的闭环生态。由此可见，汽车以旧换新政策不仅是汽车增 换购比例持续提升的"催化剂"，也是汽车促消费稳增长的"强心剂"。 驱动汽车增换购比例持续上升的，还有新车科技含量日益提高的原因。长续驶、更安全、智能座舱、人 机交互、外观设计等相关要素，都令主流年轻消费群体更倾向于换购新车。近年来，中国汽车在智能 化、电动化方面形成的技术优势日益突出，"颜值"也越来越高，对消费者产生了越来越强的吸引力。仅 仅不到10年，中国新能源汽车续驶里程就从之前主流车型的300公里左右提升到800公里左右。在智能化 方面，除了L2级辅助驾驶已经成为标配，AI大模型也日益走向普及，让汽车变身为"更懂你"的智能终 端 ...

转自：新华财经 新华财经上海5月19日电 近日，数字信息应用平台威尔森发布了2025年3月国内市场（一二线城市）增换购数据，其中多项数据值得关注。 数据显示，相较于新车首购市场，一二线城市增换购市场的车龄与人群年龄都有着各自的显著特征。整体来看，增换购车源方面，传统油车车龄普遍更长， 超过半数的增换购车源均超过了10年车龄，而反观新能源车型，则有近7成的车源车龄在4年以内。其中传统油车置换群体年龄多集中在30-55岁群体，而新 能源车型则相对更加年轻，多集中在25-45岁群体。 在一二线城市，增换购流向呈现出明显品牌分化与车型偏好趋势。整体来看，在增换购品牌流向方面（保有品牌→再购品牌），比亚迪成为合资和自主品牌 的首选流向品牌，而特斯拉则更受豪华品牌青睐。大众、特斯拉、丰田等头部合资／新势力品牌也成为合资品牌倾向的第二、第三选择。 特斯拉 大众 吉利 丰田 比亚迪 比亚迪 31% 其他 52% 吉利 特斯拉 比亚迪 14% 五菱 13% 大众 7% 其他 56% 五菱 6% 49 其他 54 % 比亚迪 13% 长安 12% 深蓝 9% 大众 7% 长安 大众 银河 奇瑞 5% 3% 比亚迪 18% 吉利 ...

Core Insights - Zeekr Group reported a strong performance in Q1 2025, with total vehicle deliveries reaching 114,011 units, a 21.1% increase year-over-year, driven by the Zeekr brand's 25.2% growth in deliveries [2][3][5] - The company achieved a vehicle margin of 16.5%, up from 13.1% in Q1 2024, indicating improved profitability [5][7] - Despite a decrease in total revenues by 37.8% from Q4 2024, the company saw a slight year-over-year increase of 1.1% compared to Q1 2024 [5][17] Delivery Performance - Total vehicle deliveries for Q1 2025 were 114,011 units, with Zeekr brand delivering 41,403 units and Lynk & Co brand delivering 72,608 units [2][3] - In April 2025, Zeekr Group delivered 41,316 vehicles, marking a 1.5% increase from the previous month [8] Financial Performance - Vehicle sales amounted to RMB 19,096 million (US$ 2,631 million) in Q1 2025, a 16.1% increase from Q1 2024 [5][17] - Total revenues were RMB 22,019 million (US$ 3,034 million), reflecting a 1.1% increase year-over-year but a significant decrease of 37.8% from Q4 2024 [5][17] - Gross profit for Q1 2025 was RMB 4,213 million (US$ 580 million), an 18.8% increase from Q1 2024 [5][17] Profitability Metrics - Gross margin improved to 19.1% in Q1 2025, compared to 16.3% in Q1 2024 [5][17] - The company reported a net loss of RMB 763 million (US$ 105 million) for Q1 2025, a 60.2% decrease from the same period in 2024 [5][19] Recent Developments - The Zeekr 7GT was launched in April 2025, showcasing advanced technology and performance capabilities [9] - The flagship luxury SUV, Zeekr 9X, was unveiled at the Shanghai Auto Show, set for global launch in Q3 2025 [10] - Lynk & Co began deliveries of the Lynk & Co 900, a large family SUV, which has already received over 40,000 pre-orders [11] Management Commentary - CEO Andy An highlighted the successful integration of Zeekr and Lynk & Co, expanding the user base to over 1.9 million [13] - CFO Jing Yuan noted that enhanced platform synergies and disciplined supply chain management contributed to record profitability, with vehicle margins reaching 16.5% [13]

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 28 April 2025 | 4:57PM CST BYD Co. (002594.SZ/1211.HK) 1Q25 Earnings Review: Resilience amid macro uncertainty & ongoing competition; Buy BYD reported in-line 1Q25 result with net profit of Rmb9.2bn, near mid-point of pre-announcement range of Rmb8.5bn-Rmb10bn (First Take). Looking ahead, we see BYD as one of the most resilient auto OEMs amid macro uncertainty and ongoing competition. (1) Volume: we believe BYD is capable of navigating the uncertain macro economy and competition ...