灵犀智能网联汽车采用"服务平台+原生AI"双轮驱动架构，从单一应用升级为"移动爱车"+"灵犀座舱智 能体"的双入口模式，实现从"功能座舱"到"智慧空间"的跨越。 "移动爱车"：开放式平台入口，打造无缝用车体验 突破传统单一应用工具局限，基于 "1+1+1+X" 架构搭建"移动爱车"开放式智舱应用服务入口，展示三 大核心技术能力。其一，依托超级 SIM 卡技术，实现从车门开启到应用登录的全流程无缝安全认证； 其二，采用云原生技术构建 "云应用容器"，集成移动云盘、咪咕视频、爱奇艺等各类头部生态应用， 支持智舱服务实时上新与功能迭代，使车辆智舱功能可如手机终端般 "常用常新"；其三，发挥运营商 在网络资源与生态整合方面的优势，落地"云行车记录" "车路协同""车家互联" 特色场景，推动车辆从 单一交通工具向智慧生活枢纽转变。 "灵犀座舱智能体"：原生AI入口，实现主动服务闭环 来源：环球网 2025年10月10日至12日，中国移动全球合作伙伴大会在广州盛大召开。作为本次大会亮点之一，灵犀智 能网联汽车凭借"移动爱车"应用服务平台与"灵犀座舱智能体"两大核心，结合车载智慧屏、车载智能盒 等后装硬件产品，全方位展示了 ...

Group 1 - Shenzhen's transportation authority has released a draft for public consultation regarding the management of intelligent connected vehicle road testing, which includes support for fully unmanned testing scenarios and reduced application costs [2] - BYD has responded to rumors about the discontinuation of the Song PLUS model, stating that the Hai Si 06 is its successor, indicating a normal product transition [3] - China's self-developed early warning meteorological system "Mazu" has been successfully implemented in multiple countries, marking a significant advancement in global meteorological governance [4] Group 2 - The first integrated wind-solar-storage system for substations in China has been successfully put into operation, showcasing advancements in energy storage technology and its integration with urban distribution networks [6] - China has become a global leader in the industrial robotics sector, with nearly 300,000 industrial robots expected to be installed in 2024, and an operational stock exceeding 2 million units [7] - Hong Kong seniors are increasingly choosing to settle in mainland cities within the Greater Bay Area, with a reported 40% increase in the number of Hong Kong residents aged 65 and above moving to Guangdong province over the past decade [8] Group 3 - Xiaomi has maintained its position as the top smartphone seller in China for two consecutive weeks, achieving a market share of 21.2% during the recent Golden Week [9] - China Eastern Airlines has announced that all domestic "Air Express" flights on wide-body aircraft will offer free Wi-Fi starting October 11 [10] - The 2025 Best Inventions list by TIME magazine includes products from various companies, highlighting innovations from firms like Huawei, BYD, and NVIDIA [11] Group 4 - A recent HSBC survey indicates that over half of wealthy entrepreneurs are considering relocating abroad, with Singapore being the most preferred destination [12] - Researchers at ETH Zurich have developed a DNA search engine named MetaGraph, which efficiently retrieves vast amounts of information from public biological databases [13] - Elon Musk has criticized OpenAI, claiming it operates on falsehoods and misuses charitable funds for its own profit [14] Group 5 - Tesla has reportedly paused the production of its second-generation humanoid robot due to significant technical challenges in achieving human-like dexterity [15][16] - The Universal Postal Union has reported a significant decline in international postal package volumes sent to the U.S. since the suspension of tax-exempt imports, with a 70.7% drop noted [17] - Samsung has been ordered to pay $445.5 million for infringing on patents related to 4G, 5G, and Wi-Fi technologies [18] Group 6 - Intel has announced that its advanced manufacturing process, Intel 18A, has entered early production and is on track for mass production in Arizona by the end of the current quarter [19] - Didi Chuxing has secured a Series D funding round totaling 2 billion yuan, with investments from various funds and automotive groups [19] - The Hong Kong IPO market has seen significant activity this year, with insurance companies participating as cornerstone investors in multiple listings [20]

"十四五"期间，开新能源汽车出行变得更加便利。截至2025年8月底，我国电动汽车充电基础设施（充电枪）总数达到1734.8万 个；高速公路服务区累计建成充电设施3.8万台，覆盖全国98%的服务区。除西藏、青海外，其他省份均实现充电站"县县全覆盖"。 一键交互、人车对话……汽车满足了人们在车中娱乐、学习、聊天、观景等多种场景需求。全国50多个城市开展智能网联汽车道 路测试示范，开放测试道路3.2万公里，完成约1万公里道路的智能化改造。 "十四五"规划纲要提出，要提升产业链供应链现代化水平，推动制造业优化升级，聚焦新材料、高端装备、新能源汽车等战略性 新兴产业。 2024年，中国汽车产销总量连续16年稳居全球第一，产销量连续两年，保持在3000万辆以上规模。其中，新能源汽车销售占比从 2020年的5.4%提升至40.9%，产量从2020年的140万辆左右，跃升至2024年的1300万辆左右。2023年，中国汽车出口491万辆，首次超 过日本，成为全球第一大汽车出口国。"十四五"期间，中国汽车业已跃升至我国第一经济支柱，产业链上、下游生产总值约占全国 GDP比重的10%。 在广州，新能源汽车的"灯塔工厂"里，1条生 ...

按照《修订征求意见稿》，深圳将按照分阶段、分场景推进的原则，允许企业开展车内全无人道路测 试、示范应用活动，包括无人载物和无人载人。 具体实施方面，首次申请无人载人测试或者示范的车辆最多不超过10辆，申请无人载货测试或者示范的 车辆最多不超过20辆，引导企业优先开展无人载货测试，逐步探索无人载人技术安全验证，通过场景拓 展、技术迭代等方式，形成由载货运输向载人运输延伸的渐进式发展模式。 近日，深圳市交通运输局发布公开征求《深圳市智能网联汽车道路测试与示范应用管理实施细则（修订 征求意见稿）》（下称《修订征求意见稿》）意见的通告，对智能网联汽车道路测试的部分细则进行修 订。 据悉，《深圳市智能网联汽车道路测试与示范应用管理实施细则》印发于2022年，修订后的实施细则将 适应智能网联汽车技术的发展与行业新需求，并借鉴了北京、上海、广州等城市的成熟做法。 21世纪经济报道记者梳理发现，修订后的实施细则主要在放宽首次申请无人化测试车辆数量、支持车内 全无人测试场景、建立异地互认机制、新增道路分级开放管理等方面进一步降低了智能网联汽车测试门 槛。 放宽车内全无人测试门槛 智能网联汽车商业化运行方面陆续取得新进展。 今年 ...

Domestic News - Shanghai has adjusted its vehicle scrapping and replacement subsidy policy, effective from October 13, 2025, to December 31, 2025, requiring public lottery for subsidy qualification [5] - Shenzhen supports fully autonomous vehicle testing in vehicles, aiming to enhance the smart connected vehicle industry by easing application processes and costs [6] - Jilin Province has implemented a new vehicle scrapping subsidy policy starting October 11, 2025, with a reservation qualification system and subsidies of 20,000 yuan for new energy vehicles and 15,000 yuan for fuel vehicles [7] - BYD has announced a patent for a naked-eye 3D imaging system, which can enhance visual space within vehicle cabins [8] - NIO Energy reported providing over 1.9 million charging services during the 2025 National Day holiday, with a significant increase in battery swap services [9] - Zhiji Auto has officially launched its IM5 and IM6 models in Singapore, marking a significant step in its global expansion [10] - Hongqi brand has debuted three new models in Mexico, officially entering the Latin American market [11] - CATL has repurchased shares worth 4.386 billion yuan and completed a financing round for its intelligent chassis technology, valued over 10 billion yuan [12][13] International News - The U.S. has seen a record increase in electric vehicle charging stations, with approximately 780 new public fast charging stations added in Q3 2025, marking a 19% growth in the first nine months [13] - South Korea's imported car sales surged by over 30% in September 2025, with Tesla leading the market [14] - Lyft and Tensor have announced a partnership to deploy hundreds of autonomous taxis in Europe and North America starting in 2027 [15] - Vingroup is seeking to raise $500 million for expanding its electric vehicle charging network [16] Commercial Vehicles - Shenzhen has launched a new electric heavy-duty truck charging station, capable of charging in 5 minutes for a 100 km range, enhancing logistics efficiency [17] - King Long has unveiled its new high-end bus series at the World Bus Expo in Brussels [18] - Scania has introduced its 8×4 cargo chassis in China, following the success of its 6×4 model [19] - Foton has launched its new Dajun EV, targeting the commercial market with competitive pricing and high load capacity [20]

Core Insights - Wuhan is a pioneer in China's autonomous taxi industry, having started testing operations on June 30, 2022, and officially launched commercial operations in September 2022. As of May 15, 2024, the company "Luo Bo Kuaipao" has deployed 1,000 sixth-generation autonomous vehicles for large-scale commercial operations [1][2]. Group 1: Operational Performance - Wuhan has over 1,000 autonomous taxis, with more than 700 actively carrying passengers and over 300 in testing. The average daily orders exceed 20, with an average daily driving distance of approximately 200 kilometers, covering major urban areas [1][2]. - The maximum speed of Wuhan's autonomous taxis is 51 km/h, with an average speed of about 13 km/h, which has not caused significant traffic issues. Overall, the safety performance of these autonomous taxis surpasses that of human-driven vehicles [2]. Group 2: Safety and Comfort - The autonomous taxis have recorded zero collision incidents and zero active thefts, with over 30 passive conflicts and three traffic rule violations. The longest recovery time after a failure is 48 seconds, with a 100% recovery success rate [1][2]. - However, there are comfort issues, such as sudden acceleration at startup and abrupt deceleration during conflict avoidance, which can create a noisy environment for passengers [2]. Group 3: Challenges and Improvements - Despite good overall performance, there are still shortcomings, such as failures in lane-changing maneuvers and overly cautious behavior in complex scenarios, which can lead to traffic congestion and discomfort compared to human driving [3][4]. - The "long-tail problem" in unconventional scenarios is identified as a bottleneck for the large-scale application of autonomous driving technology. This includes issues with sudden failures and the need for improved comfort levels [4]. Group 4: Future Directions - The transition to Level 3 (L3) autonomous driving, which allows conditional autonomous driving while still requiring driver intervention, is a key focus. Research is ongoing regarding the dynamic allocation of driving rights between human drivers and autonomous systems [4][5]. - The development of AI models is expected to accelerate the iteration of end-to-end autonomous driving technology, with a significant increase in traffic data enabling a closed-loop for all scenarios. The industry is encouraged to pursue a collaborative approach involving government, research institutions, and industry leaders to promote the large-scale application of autonomous vehicles [5].

支持车内全无人测试 深圳商报记者 肖晗 深圳市交通运输局近日发布通告，就《深圳市智能网联汽车道路测试与示范应用管理实施细则（修订征 求意见稿）》（以下简称《征求意见稿》）公开征求社会公众意见。 据悉，为了适应技术加速发展的新趋势，深圳计划围绕申请流程、测试场景等关键环节，升级相关政策 内容，以助推智能网联汽车产业发展。主要修订内容覆盖支持车内全无人测试场景，进一步放宽车辆路 测申请门槛，降低申请成本等。 新增道路分级开放管理 依据《征求意见稿》，深圳将支持车内全无人测试场景，允许企业开展车内全无人道路测试、示范应用 活动，支持企业在复杂场景进行技术验证，推动高阶自动驾驶产品应用落地。同时将建立异地互认机 制，允许道路测试异地测试结果互认，简化异地主体的申请流程及申请成本，吸引国内企业集聚深圳开 展无人化测试活动。 此外，记者留意到，与现行《实施细则》相比，《征求意见稿》新增了道路分级开放管理。对智能网联 汽车道路测试与示范应用道路按级别，划分为一级（低复杂度）、二级（中复杂度）、三级（高复杂 度）及四级道路（超高复杂度），明确要求道路测试、示范应用申请主体应依据自身条件与能力，严格 遵循从低级到高级的顺序申请 ...

汽车行业 超配（维持） 汽车行业双周报（2025/09/26-2025/10/09） 行 业 三部门调整减免车辆购置税新能源汽车产品技术要求 2025 年 10 月 10 日 投资要点： 本报告的风险等级为中风险。 本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 请务必阅读末页声明。 S0340124020014 电话：0769-22117626 资料来源：iFinD，东莞证券研究所 分析师：刘梦麟 SAC 执业证书编号： S0340521070002 电话：0769-22110619 邮箱： liumenglin@dgzq.com.cn 申万汽车行业指数涨跌幅：截至2025年10月9日，申万汽车板块近两周 上涨0.74%，跑输沪深300指数1.78个百分点，在申万31个行业中排名第 16名；申万汽车板块从9月初至今下跌0.39%，跑输沪深300指数1.87个 百分点，在申万31个行业中排名第28名；申万汽车板块从2025年初至今 上涨27.92%，跑赢沪深300指数8.24个百分点，在申万31个行业中排名 第9名。 周 报 研究助理：吴镇杰 SAC 执业证书 ...

Core Viewpoint - Qualcomm is under investigation in China for allegedly violating antitrust laws related to its acquisition of Israeli V2X chip company Autotalks, marking the second antitrust inquiry the company has faced in China since 2015 [1][2]. Group 1: Acquisition Details - Qualcomm's acquisition of Autotalks, a company specializing in V2X communication chips, was announced in May 2023 and completed in June 2025, integrating Autotalks' technology into Qualcomm's Snapdragon Digital Chassis platform [1][2]. - The estimated transaction value was initially reported between $350 million and $400 million, but later reports indicated the final price was significantly lower than expected [2]. Group 2: Regulatory Context - The investigation stems from Qualcomm's failure to legally declare the acquisition under China's antitrust laws, which could lead to penalties including fines and the requirement to reverse the transaction [2][3]. - This case highlights the increasing scrutiny by Chinese regulators on foreign tech companies' mergers and acquisitions, particularly in critical sectors like automotive, communications, and semiconductors [2][3]. Group 3: Market Implications - Qualcomm's strategic shift from mobile to automotive and IoT markets aims to build a comprehensive ecosystem through its Snapdragon Digital Chassis platform, with Autotalks' V2X chips enhancing its position in smart connected vehicles [3]. - However, such horizontal mergers may raise competition risks, as fewer providers of V2X standards and communication protocols could increase entry costs for other suppliers and reduce bargaining power for automakers [3]. Group 4: Industry Impact - The initiation of this case may serve as a warning for multinational semiconductor companies regarding investment and acquisition strategies in China [4].

Investment Rating - The report maintains an "Overweight" rating for the automotive industry, expecting the industry index to outperform the market index by more than 10% in the next six months [39]. Core Insights - The automotive sector has shown a mixed performance, with the Shenwan Automotive Index increasing by 0.74% over the past two weeks, underperforming the CSI 300 Index by 1.78 percentage points, ranking 16th among 31 industries [11][18]. - Year-to-date, the automotive sector has risen by 27.92%, outperforming the CSI 300 Index by 8.24 percentage points, ranking 9th among 31 industries [11][18]. - Recent adjustments in vehicle purchase tax exemptions for new energy vehicles (NEVs) are expected to enhance the overall technical standards of NEVs and phase out outdated production capacities [34][24]. Industry Data Tracking - As of October 9, 2025, raw material prices show a slight decline in steel prices by 0.30%, while aluminum prices increased by 1.16%. Copper and lithium carbonate prices remained stable, and prices for synthetic rubber and glass rose by 0.68% and 0.99%, respectively [20][21]. Industry News - The Ministry of Industry and Information Technology announced adjustments to the technical requirements for NEVs, increasing the minimum electric range for plug-in hybrid vehicles from 43 km to 100 km [24]. - The National Development and Reform Commission has allocated 69 billion yuan in special bonds to support the consumption upgrade policy [25]. - The China Automobile Dealers Association reported a retail sales figure of 1.776 million passenger vehicles from September 1-27, remaining flat year-on-year [26]. Company News - BYD reported a 5.52% year-on-year decline in NEV sales for September, totaling 396,300 units [30]. - Seres announced a 19.44% increase in NEV sales for September, reaching 44,700 units [30]. - Tesla plans to launch a lower-priced version of the Model Y to adapt to changes in U.S. electric vehicle incentives [30]. Investment Recommendations - The report suggests focusing on companies that enhance brand competitiveness through intelligent processes, such as BYD and Seres [34]. - It also highlights the potential growth in the intelligent driving supply chain, recommending companies like Fuyao Glass and Joyson Electronics [34]. - Additionally, it points to Yutong Bus as a beneficiary of the "old for new" policy in the new energy bus sector [34].