Core Viewpoint - NIO's new model, the L90, is positioned as a smart, spacious family vehicle, with optimistic sales expectations following its launch and competitive pricing [1][3]. Product Launch - The L90 was officially launched on July 31, with nationwide deliveries starting on August 1, offering both six-seat and seven-seat configurations [1]. - The starting price for the six-seat version is 265,800 yuan, while the battery rental option is priced at 179,800 yuan [1]. Technical Specifications - The L90 features an 85 kWh battery pack, available in both two-wheel and four-wheel drive versions [1]. - The rear-wheel drive version has a CLTC range of 605 kilometers, while the four-wheel drive version offers a range of 570 kilometers [1]. - The vehicle is equipped with advanced driver assistance systems, including multiple cameras and sensors, and utilizes the NVIDIA Orin X chip for driving assistance [1]. Market Expectations - Although specific order numbers for the L90 have not been disclosed, the competitive pricing suggests strong sales potential [1]. - The sales system experienced significant demand, indicating a positive market response [3]. Financial Context - In Q1 2025, NIO delivered 42,094 vehicles, marking a year-on-year increase of 40.1%, but still faces profitability challenges [3]. - The L90 is seen as a crucial product to help NIO overcome growth bottlenecks in a highly competitive electric vehicle market [3]. Product Strength - The L90 is designed as a pure electric large SUV, addressing family needs with its spacious interior and ample storage [5]. - NIO's founder has set a target for monthly sales to stabilize at 50,000 units, with the L90 expected to contribute significantly to this goal [5].

7月31日，蔚来旗下乐道品牌第二款车型——乐道L90正式上市，8月1日全国开启交付。新车定位智能 大空间家庭用车，提供六座和七座两种座椅布局选择。其中，乐道L90六座版整车购买方案26.58万元 起，电池租用方案17.98万元起；乐道L90七座版整车购买方案27.18万元起，电池租用方案18.58万元 起。 （文章来源：每日经济新闻） 蔚来董事长李斌曾表示，乐道L90的定价肯定还是有毛利的，蔚来现在算账算得是很精的，把钱花在能 创造用户价值的地方。"目前的定价大家觉得惊喜，我们内部觉得正常。我们对于乐道的考核不是简单 按销量，而是经营目标，要完成利润。"李斌强调。 据悉，新车全系标配85千瓦时电池组，提供两驱和四驱两种动力版本。其中后驱版CLTC续航里程达605 公里，四驱版则为570公里。在智能辅助驾驶方面，L90延续了乐道L60的纯视觉方案，配备7颗800万像 素摄像头、4颗300万像素环视摄像头、1颗4D成像毫米波雷达和12颗超声波雷达，并搭载英伟达Orin X 智驾芯片，可实现高速和城市辅助驾驶功能。"2025年，乐道全系车型将升级OSD端到端智能辅助驾 驶。"李斌称。 按照规划，乐道汽车在今年有两款 ...

Core Insights - Momenta's IM AD driver assistance system has officially launched in Australia with the IM5 and IM6 models, marking the first deployment of its technology in the Southern Hemisphere [1] - The company has established partnerships with major global automakers, continuously increasing the number of cooperative models and delivery volumes [1][3] - Momenta aims to enhance its driver assistance solutions for global partners, including Zhiji, leveraging its end-to-end flywheel model [1][3] Company Developments - Momenta is one of the first companies to achieve mass production of end-to-end large models, with the IM AD system designed to quickly adapt to various driving environments, including Australia [3] - The company has previously collaborated with Zhiji to enter the UK market, showcasing the IM5 and IM6 models at the Goodwood Festival of Speed in July [3] - A strategic partnership with Uber was announced in May, focusing on introducing autonomous vehicles to the Uber platform and commercializing Robotaxi services in Europe by early 2026 [3] Strategic Direction - Momenta's product strategy is based on a "one flywheel, two legs" approach, combining data-driven intelligent driving assistance with autonomous Robotaxi development [5] - The company plans to launch an end-to-end flywheel model based on reinforcement learning in the second half of 2025, which will explore new driving behaviors in simulated environments [5] - Momenta aims to achieve L4-level autonomous driving with a focus on safety, targeting a safety standard at least ten times greater than human drivers [5] Industry Trends - Chinese autonomous driving companies are increasingly expanding internationally, with several firms, including Momenta, forming strategic partnerships with Uber to explore diverse market opportunities [7] - Companies like WeRide and RoboTaxi are rapidly scaling their operations, with WeRide's fleet in Abu Dhabi tripling since 2024 and plans for commercial operations in Dubai and Saudi Arabia [7][8] - Xiaoma Zhixing has obtained Robotaxi licenses in multiple countries and is advancing its commercial operations in Dubai, with plans for full autonomous operations by 2026 [8]

Core Insights - The release of the "Shanghai High-Level Autonomous Driving Leading Area 'Mosu Zhixing' Action Plan" aims to achieve L4 autonomous driving for over 6 million passengers and open more than 5,000 kilometers of roads by 2027 [1] - The Ministry of Science and Technology's "Ethical Guidelines for Research and Development of Driving Automation Technology" emphasizes a human-centered and safety-first approach, indicating stricter regulations for autonomous driving technology promotion in China [1][3] Industry Developments - The gradual improvement of laws and regulations surrounding autonomous driving is expected to accelerate technology research and product launches across the automotive intelligence industry chain [1] - The guidelines clarify the responsibility of different stakeholders in various levels of driving automation, which is crucial for industry development and safety [3][4] Regulatory Changes - The guidelines provide clear definitions for the responsibilities of users and automated driving systems, which can help mitigate risks and enhance safety [4][9] - The guidelines also address the need for accurate and objective communication regarding the capabilities of driving automation systems to prevent exaggerated marketing claims [7][8] Market Implications - Companies like NIO and Geely emphasize the importance of safety in the development and promotion of intelligent driving features, aligning with the new guidelines [5][11] - The guidelines are expected to influence the strategic planning and technological investments of automotive companies, reinforcing a focus on safety and responsible marketing [10][11] Technical Considerations - The industry is currently at the L2 level of automation, with significant work needed to advance to higher levels of autonomous driving [11][12] - Experts suggest a gradual approach to developing driving automation technologies, avoiding hasty advancements that could lead to safety issues [11][12]

Core Viewpoint - Geely Auto Group is showcasing its advancements in AI technology and autonomous driving at the WAIC 2025, emphasizing its commitment to self-research and development in smart driving systems to enhance user experience and safety [2][5]. Group 1: Product and Technology Showcase - Geely presented new models including the Zeekr 9X, Lynk & Co 10EM-P, and Galaxy A7 and M9, along with its "All-domain AI" technology system, featuring the self-developed Qianli Haohan intelligent driving system [2]. - The Zeekr 9X is equipped with the Qianli Haohan intelligent driving H9 solution, featuring dual Thor chips with a computing power of 1400 TOPS, achieving L3-level intelligent driving capabilities [3]. - All models in the Qianli Haohan series are equipped with dual NVIDIA DRIVE AGX Orin-X chips, providing a total computing power of 508 TOPS, along with a lidar-enabled intelligent driving solution [3]. Group 2: Strategic Vision and Development - Geely emphasizes the importance of continuous evolution in vehicle intelligence, viewing the purchase of a car as just the beginning of a long-term relationship with users [4]. - The company plans to launch a new L3 technology architecture and cloud-based models in Q4 of this year, which will enhance AI training and safety measures [4]. - The architecture will enable comprehensive 360-degree perception using various sensors, including ultrasonic, millimeter-wave radar, visual perception, and lidar, to prepare for L3-level intelligent driving in urban environments [4]. Group 3: Safety and User Experience - Geely aims for its intelligent driving technology to exceed human driving safety standards, prioritizing user safety even at the cost of profit [5]. - The company is focusing on seamless human-machine interaction, allowing for intuitive vehicle control through various means, enhancing user convenience and comfort [5]. Group 4: AI Ecosystem and Future Plans - Geely has been proactive in AI development since 2021, launching the "Smart Geely 2025" strategy to build a robust technological foundation using big data and AI [6]. - The company has established a comprehensive "All-domain AI" technology system, integrating AI across various automotive domains, including safety, power, chassis, and user experience [6]. - During WAIC 2025, Geely, in collaboration with partners, introduced a next-generation intelligent cockpit OS, enhancing user interaction with more natural and emotional responses [6].

Core Viewpoint - Tesla is currently facing internal challenges and pressures, necessitating the introduction of new strategies and products to maintain its market position [3][20]. Group 1: Recent Developments - Tesla recently achieved a notable milestone in the Chinese market, with its Model 3 and Model X scoring an 83.3% success rate in a driving assistance test, marking the best performance among 36 tested models [8][10]. - The company announced the release of the Model Y L, a six-seat luxury SUV, with an estimated price of around 400,000 yuan, indicating a strategic move to cater to the Chinese market [13][17]. - Reports of a new affordable version of the Model Y have surfaced, suggesting that Tesla is accelerating its efforts to introduce lower-cost models in China [14][15]. Group 2: Financial Performance - Tesla's Q2 financial report revealed a revenue of approximately $22.496 billion, a 12% year-over-year decline, marking the largest drop in at least a decade [22]. - The net profit for the second quarter was $1.172 billion, down 20.7% compared to the previous year [22]. - Global vehicle deliveries fell to 384,100 units, a decrease of 13.5% year-over-year, with significant declines noted in the European market [24][25]. Group 3: Market Position and Competition - The Chinese market remains crucial for Tesla, contributing over 30% to its global sales, with 129,000 units delivered in Q2, despite a 5.4% decline in year-to-date sales [27]. - Tesla's Model Y continues to dominate the Chinese SUV market, with sales of 44,848 units in June, significantly outpacing competitors [34]. - The introduction of the Model Y L and the affordable Model Y is expected to enhance Tesla's competitiveness against local brands, which are rapidly gaining market share [38][39]. Group 4: Strategic Focus - Tesla is increasingly focusing on localizing its operations in China, adapting its product offerings to meet local consumer demands [42]. - The company plans to enhance its intelligent driving assistance systems, which have been recognized as industry-leading, to further strengthen its market position [40][41].

Core Viewpoint - The article discusses the rapid evolution of the Yangtze River Delta's electric vehicle (EV) industry, transitioning from electrification to intelligent driving, driven by leading companies like Tesla, Li Auto, and BYD [1] Group 1: Industry Overview - The Yangtze River Delta region accounts for 40% of China's EV production and over 25% of global production, forming a significant industrial cluster with a "4-hour industrial circle" [1] - Li Auto's supply chain is heavily concentrated in this region, with 30% of its supply chain in Changzhou, 50% in Jiangsu, and 80% in the Yangtze River Delta [1] Group 2: Intelligent Driving Technology - By 2025, "smart driving equity" is expected to be a key industry term, with intelligent driving technology penetrating the mainstream market priced between 100,000 to 200,000 yuan [2] - China's L2-level assisted driving penetration rate has surpassed 50%, the highest globally, with expectations for advanced driving solutions to grow significantly by 2030 [2][3] Group 3: Technological Advancements - Horizon Robotics holds a 33.97% market share in L2 assisted driving solutions for domestic passenger vehicles, indicating that one in three smart cars is equipped with their technology [3] - The company emphasizes the importance of balancing cost and performance in chip development, aiming for significant improvements in computational efficiency rather than just raw power [4] Group 4: Localized Supply Chain Strategy - Li Auto is accelerating its localized supply chain strategy, with its Changzhou manufacturing base serving as a hub for key components like silicon carbide power modules and electric drive systems [7][8] - The company has achieved significant advancements in battery technology, with the latest models featuring rapid charging capabilities that have improved over a short period [8][9] Group 5: Collaborative Innovation - The relationship between Li Auto and its suppliers is characterized by co-creation and mutual empowerment, with regular collaborative meetings to enhance project and technology development [11][12] - Strategic partnerships have led to significant improvements in manufacturing processes and quality control, exemplified by the low defect rates achieved by battery supplier Xinwanda [12]

Group 1: Industry Overview - The Yangtze River Delta region has formed a "4-hour industrial circle" for the new energy vehicle (NEV) industry, accounting for 40% of China's NEV production and over 25% globally [1] - Leading companies like Tesla, Li Auto, and BYD are driving the transition from electrification to intelligentization in the NEV sector [1] Group 2: Intelligent Driving Technology - By 2025, "smart driving equity" is expected to become a key industry term, with intelligent driving technology penetrating the mainstream market priced between 100,000 to 200,000 yuan [2] - China's L2-level driving assistance penetration rate has exceeded 50%, the highest globally, with significant growth projected in the advanced driving assistance market [2][3] Group 3: Technological Advancements - Horizon Robotics has achieved a market share of 33.97% in L2 driving assistance solutions, indicating that one in three smart vehicles is equipped with their technology [2] - The company emphasizes the importance of balancing cost and computational performance, focusing on enhancing chip efficiency rather than merely increasing computational power [3] Group 4: Supply Chain and Localization - Li Auto is accelerating its supply chain localization strategy, with significant components like silicon carbide power modules and electric drive systems being produced in close proximity to its manufacturing base in Changzhou [7] - The collaboration between Li Auto and its suppliers, such as CATL and Horizon Robotics, is characterized by a tight integration that enhances development speed and quality [7][10] Group 5: Product Development and Innovation - Li Auto's new energy vehicles, such as the Li ONE and the recently launched Li i8, showcase advancements in battery technology, achieving rapid charging capabilities [8][9] - The company has established a collaborative model with suppliers, focusing on co-creation and mutual empowerment to enhance product quality and innovation [10][11]

Group 1 - The core point of the news is that Jiyue Auto has initiated a restructuring process and plans to resume OTA updates in the second half of the year, with significant backing from major shareholders Baidu and Geely [1][3] - Jiyue Auto's restructuring has entered a substantive phase, with the board of Jidu Auto approving the relevant resolutions [1] - Baidu and Geely are negotiating details regarding capital injection and management structure adjustments to support Jiyue Auto's revival [1][3] Group 2 - Jiyue Auto faced a financial crisis by the end of 2024, nearly coming to a halt, making its revival crucial for both Baidu and Geely [3] - For Baidu, reviving Jiyue is essential to maintain its market share in the smart automotive sector, especially as its Robotaxi business is still in the testing phase and not yet profitable [3] - For Geely, a successful revival of Jiyue could create a product matrix with Zeekr, helping Geely to break through market bottlenecks in the price range above 300,000 yuan [3]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 Li Auto Inc. 理想汽車 （於開曼群島註冊成立以不同投票權控制的有限責任公司） （股份代號：2015） 自願公告 業務更新資料 理想汽車正式發佈家庭六座純電SUV－理想i8 於2025年7月29日，中國新能源汽車市場的領導者理想汽車（「理想汽車」或「本公 司」）（納斯達克：LI；香港交易所：2015）正式發佈家庭六座純電SUV－理想i8。 作為新時代的SUV，理想i8同時具備越野車的全路況行駛能力、轎車的操控性和 MPV的舒適性，以全新駕乘體驗重新定義了家庭出行。 2 1） 自研電驅系統：超靜音、超高效 理想i8將提供Pro、Max、Ultra三個版本，全國統一零售價分別為人民幣32.18萬 元、34.98萬元和36.98萬元。理想i8將在2025年8月20日開啟交付。 關於理想i8的產品概述，請參閱下文。更多關於理想i8的產品細節，可以參考理 想汽車官方網站中的產品介紹。 1 全新高壓純電平台 ...