Core Insights - Tesla reported record vehicle deliveries and significant growth in energy storage business amidst global trade uncertainties and supply chain challenges, showcasing strong business resilience and diverse growth potential [2] Group 1: Financial Performance - Total revenue for Q3 reached $28.095 billion, a 12% year-over-year increase, with free cash flow rising 46% to $3.99 billion, providing a solid foundation for future R&D and capacity expansion [2][6] - Gross profit for the quarter was $5.054 billion, with a GAAP gross margin of 18%, despite a 37% year-over-year decline in GAAP net income to $1.373 billion [6] - Cash, cash equivalents, and investments totaled $41.647 billion, a 24% increase year-over-year, ensuring ample funding for future expansion and R&D [6] Group 2: Production and Delivery - Tesla produced 447,450 vehicles in Q3, a 5% year-over-year decrease, while total deliveries reached 497,099 vehicles, marking a 7% increase, driven by demand recovery and capacity optimization at Shanghai and Texas factories [3] - The global vehicle inventory was reduced to just 10 days of supply, a 47% year-over-year decrease, indicating superior inventory management efficiency compared to traditional automakers [3] Group 3: Energy Business Growth - The energy storage deployment reached 12.5 GWh, an 81% year-over-year increase, with energy generation and storage revenue growing 44% to $3.415 billion, highlighting the diversification of revenue streams [4] - Energy business now accounts for over 12% of total revenue, becoming a key pillar for the company's revenue diversification strategy [4] Group 4: Innovation and Future Products - Tesla's Full Self-Driving (FSD) has accumulated over 4 billion miles, with the latest version introducing Robotaxi elements, while the humanoid robot Optimus is nearing mass production [7] - Future product plans include the launch of Cybercab, Tesla Semi, and Megapack3 in 2026, alongside the commissioning of a lithium refining plant in Texas [7] Group 5: Strategic Outlook - Management remains cautiously optimistic about Q4 and full-year sales growth, emphasizing continued investment in vehicle and energy businesses, and a shift towards AI and energy technology [8] - The company aims to reduce manufacturing and operational costs through technological innovation, transitioning from traditional automotive manufacturing to a focus on AI and energy solutions [8]

24起融资吸金超350亿元 据《每日经济新闻》记者不完全统计，近一个多月来，自动驾驶行业已密集发生11起融资事件，融资总额超过100亿元人民币。截至2025年10月20日，该行 业今年以来融资事件总数已达24起，融资总额突破350亿元人民币，呈现出显著的回暖势头。 这一态势与过去三年的"资本寒冬"形成鲜明对比。回顾以往，根据IT桔子数据，2021年国内自动驾驶行业共发生144起融资，总金额达932亿元，为历史高 位。然而进入2022年，行业融资节奏明显放缓，全年融资事件仅为92起，融资规模大幅回落至240亿元。到2023年，尽管融资事件数量仍接近140起，但披露 的总金额进一步收缩至约200亿元，反映出资本出手更为谨慎、单笔融资额度下降的整体趋势。 在此背景下，2025年以来自动驾驶行业的融资数据尤为引人关注——不仅在总额上已大幅超越2023年全年，更释放出行业信心回升、优质标的重新获捧的积 极信号。自动驾驶赛道，正在资本的有力托举下，进入新一轮爆发周期。 每经记者｜刘曦 每经编辑｜裴健如 资本正在用真金白银，为自动驾驶的商业化前景投下信任票。 2025年至今，资本市场自动驾驶行业极为活跃，24起融资事件涵盖 ...

Orin升级到Thor、400V变800V、激光雷达标配、电机功率900匹…… 结果么，售价比老款还低了5000元（补贴后）。 搁哪个品牌，都是老车主拉横幅维权剧本。 更不要说有"一年三代"背刺老车主"黑历史"的极氪了。 但离奇的是，这次不但没被口诛笔伐，反而风评反转： | 到底发生了什么？ | | --- | 001新款，升级降价 此外电池升级成了12C充电倍率，峰值充电功率超过了1000kW，也就是极氪版"兆瓦闪充"，从10%充到80%只要7min。不过目前极氪自建超充桩的最大功 率仍然是800kW。 值得一提的是，极氪缔造者、老领导安聪慧调任吉利集团CEO时，李书福给了他一项新任务——负责新成立的电池产业集团，加强吉利自主整合。 新款001不再用宁德时代产品，搭载了吉利集团自研的电芯：衢州极电，这可能也是加量不加价的核心之一。 800V平台同时直接带动动力升级：四驱版输出功率达到680kW（较老款提升100kW），零百加速仅需2.83秒（不含起步时间，实测预计3秒左右），单电 机版本后电机功率从25款的310kW提升至370kW，零百加速时间从5.9秒缩短至4.98秒。 最大的升级给了智能化，智能辅助驾 ...

Core Insights - The automotive industry in China has shown a strong upward trend, with national production and sales exceeding 3 million units in September for the first time in history [1] - BYD, Geely, and SAIC are the top three companies in the rapidly growing new energy vehicle (NEV) sector, with BYD leading in sales [1][2] Group 1: Sales Performance - BYD sold 396,000 NEVs in September, marking an 18.6% year-on-year increase, and has achieved cumulative sales of 3.26 million units from January to September, reaching 71% of its annual target of 4.6 million units [1] - In the same period, BYD's automotive brands, Dynasty and Ocean, sold 356,000 units, maintaining the top position in single-brand sales [1] - Geely and SAIC sold 200,000 and 181,000 NEVs respectively in September [1] Group 2: Technological Advancements - The success of BYD is closely linked to its "Heavenly Eye" driver assistance system, which has seen cumulative sales of over 1.7 million units by the end of September, with 295,000 units sold in September alone [1] - The market share of vehicles equipped with the driver assistance system has risen to 91.3%, providing substantial data for algorithm optimization and safety improvements [1] - The second and third positions in cumulative sales of vehicles with intelligent driver assistance systems are held by Leap Motor (60,390 units) and Xiaomi (41,948 units) [1] Group 3: International Expansion - In September, BYD's overseas sales of passenger cars and pickups reached 70,851 units, a 107% year-on-year increase, with total exports exceeding 700,000 units from January to September, accounting for 22% of total sales [2] - BYD's market share is increasing in key regions such as Europe, Southeast Asia, and South America, with models like Song PLUS, Haiyan, and Haiou performing well internationally [2] - A significant milestone was achieved on October 9, with the 14 millionth NEV rolling off the production line in Brazil, where the Brazilian president became the owner of a Song Pro [2]

关注 「电动车公社」 和我们一起重新思考汽车 今日新闻要点： 外观方面，新车取消贯穿式日行灯和尾灯，前保险杠设计简化，仅提供灰、白、黑三色车漆。 1、 《今日新闻》将会每天给大家带来几条当日重磅新闻，并附上社长的简单评论。关注「电动车公社」，新 能源圈大事小事 看我们就够啦～ 特斯拉 Model Y标准版批量下线 近日，特斯拉Model Y标准版在美国德州超级工厂批量下线。 2、 博 世中阶智能辅助驾驶 批量交付 10月17日，博世中阶智能辅助驾驶迎来批量交付。 今年上半年，该方案已获得捷途、东风、北汽等五家车企的十余款车型定点，历经数月的开发与测试，如 今顺利实现规模化交付。 与此同时，博世的一段式端到端高阶智能辅助驾驶方案也已交付、即将量产。目前，博世已成为全球范围 内唯一同时拥有高阶智能辅助驾驶技术并构建起全球法规合规体系的供应商。 特斯拉Model Y标准版批量下线； 博世中阶智能辅助驾驶批量交付； 内饰方面，新车采用织物和素皮革拼接座椅，取消前排通风、后排加热及电动调节功能，方向盘/外后视 镜改为手动调节，中控台改为开放式储物槽。 三电方面，新车匹配69.5kWh电池，EPA续航517km，0-96 ...

Core Insights - Bosch is accelerating its commercialization process in the intelligent driving sector, with key milestones achieved in the delivery of mid-level intelligent driving assistance systems [1][3] - The mid-level intelligent driving assistance solution has been integrated into over ten models from five automakers, including Jietu, Dongfeng, and BAIC, and has completed mass production delivery [1] - Bosch's mid-level intelligent driving system is designed to be compatible with fuel vehicles, addressing the challenges of integrating intelligence into traditional combustion engine vehicles [4] Group 1 - Bosch's mid-level intelligent driving assistance solution is based on the Chengcheng 6E/M platform, featuring chip computing power of up to 80 TOPS or 128 TOPS, and includes advanced algorithms for various driving functions [1] - The first overseas project for Bosch's mid-level intelligent driving system is expected to achieve mass production in Q1 2026, supported by a global R&D framework that integrates regulatory compliance, data security, and user experience optimization [3] - The competitive landscape in the domestic fuel vehicle market is shifting from price wars to intelligent driving battles, with major manufacturers like Geely, Chery, and SAIC Volkswagen pursuing strategies to upgrade their fuel vehicles with intelligent features [4] Group 2 - Bosch's end-to-end high-level intelligent driving assistance solution is also set for mass production, capable of linking perception to decision-making with human-like road response capabilities [4][6] - The high-level intelligent driving solution is undergoing local adjustments and adaptations to enhance its applicability in various overseas urban scenarios, having already completed real-world validation in several European countries [4] - The timeline for mass production of the high-level intelligent driving solution in the Chinese market will depend on the plans of collaborating automakers [6]

Core Insights - Bosch has officially achieved large-scale delivery of its mid-level intelligent driving assistance system, marking a significant milestone in the engineering capabilities of intelligent driving technology [1] - The delivery includes the first mid-level intelligent driving solution compatible with fuel vehicles, breaking the long-standing limitation of such features being exclusive to electric vehicles, thus supporting the development of "oil-electric intelligence" in the automotive industry [1] Group 1: Product Development and Delivery - Bosch's mid-level intelligent driving assistance solution has been selected by over ten models from five automakers, including Jietu, Dongfeng, and BAIC, demonstrating its stability and reliability after extensive development and testing [1] - The system is built on the Chengcheng 6E/M platform, with chip computing power reaching 80 TOPS or 128 TOPS, and integrates BEV Transformer and network perception algorithms to provide features like highway navigation assistance and memory parking [1] Group 2: Global Strategy and Market Position - Bosch is leveraging its global layout to integrate local legal regulations, data security, functional safety, and user habits, establishing a three-in-one global R&D system that includes regulatory adaptation, data compliance, and experience optimization [2] - The first overseas project for the mid-level intelligent driving system is expected to achieve mass production in the first quarter of 2026, further expanding Bosch's influence in the global intelligent driving assistance market [2] - Bosch is the only supplier globally that possesses both high-level intelligent driving technology and a comprehensive regulatory compliance system, indicating a strong competitive position in the market [2]

10月17日，博世宣布，其中阶智能辅助驾驶实现规模化交付。该方案于今年上半年获得捷途、东风、北 汽等五家汽车公司十余款车型的定点。博世方面称，本次交付还涵盖了全国首款可适配燃油车型的中阶 智能辅助驾驶方案，打破该功能长期局限于新能源车的行业局限。智通财经获悉，在中阶项目外，博世 一段式端到端高阶智能辅助驾驶方案也已交付定点客户，或将于下月实现车型量产。（智通财经记者 周姝祺） ...

Group 1 - The automotive industry in China is expanding beyond traditional ground vehicles, with companies like Geely and Changan focusing on low-altitude and low-orbit technologies [1][4] - Geely has deployed 64 satellites in low orbit and is exploring satellite communication technology for its brands and Robotaxi services [4][6] - Changan plans to mass-produce humanoid robots by 2028 and aims to launch flying cars by 2030, with a projected market size for embodied intelligence exceeding $23 billion by 2030 [8][10] Group 2 - The penetration rate of L2 advanced driver-assistance systems (ADAS) in passenger vehicles reached 63% from January to July [8] - The chairman of Seres, Zhang Xinghai, reported that the AITO M9 has delivered over 230,000 units and has accumulated over 3.8 billion kilometers of assisted driving mileage [12][14] - BAIC's chairman, Zhang Jianyong, announced the launch of an ADAS based on Qualcomm's 8775 chip, targeting the 100,000 to 150,000 yuan market [15] Group 3 - Lei Jun emphasized the importance of safety in the industry and called for a collective effort to resist online manipulation and "black PR" [23][27] - The smart driving team at Lei Jun's company has grown to 1,800 members, with an initial investment of 5.79 billion yuan [25]

近日，深蓝汽车公布了深蓝L06的麋鹿测试成绩，入桩速度达到85.6km/h，展现出卓越的操控稳定性。 官方解读称，这一优异表现的核心支撑是车辆搭载的"300万级超跑同款磁流变悬架"，该配置为深蓝L06 赋予了"贴地飞行"般的驾驶质感。 此前，深蓝汽车已宣布与京西集团达成深度合作，首次将应用于300万级别法拉利296 GTB的京西第四 代磁流变悬架系统引入20万级别的深蓝L06。得益于此，深蓝L06成为中国品牌首款搭载磁流变悬架的 量产车型，实现了高端技术的下放与普及。 深蓝L06通过越级配置与技术创新，展现了深蓝汽车在智能化与驾控体验方面的全面突破，为消费者带 来了更具竞争力的产品选择。 据了解，京西集团于2009年收购了德尔福全球底盘悬架业务，目前磁流变悬架的主要生产基地分布在河 北张家口、广东深圳、墨西哥奇瓦瓦和波兰克拉斯诺。目前应用磁流变悬架的车型主要包括法拉利、兰 博基尼以及保时捷等部分超跑品牌。 深蓝汽车进一步介绍，深蓝L06搭载的京西磁流变悬架具备10毫秒级瞬时响应、每秒1000次高频调节以 及全场景自适应软硬切换等超跑级性能。该系统能同时兼顾操控性与舒适性，有效提升多种路况下的驾 乘体验，包括拥 ...