每经记者｜董天意 实习生 张艺彤 每经编辑｜裴健如 点评：福特汽车因后轴轮毂螺栓隐患召回超10万辆F-150车型，可能影响市场对其品控能力的评估。该 事件或令投资者重新审视传统车企在电动化转型中的供应链管理挑战，尤其对依赖燃油车利润的厂商形 成压力。汽车零部件板块可能受波及，特别是涉及底盘系统的供应商或将面临更严格的质量审查。对美 股汽车板块而言，此次召回事件可能加剧投资者对传统车企转型期经营风险的关注，但头部企业成熟的 召回机制或能部分缓解负面影响。 NO.2 哪吒汽车成失信被执行人 中国执行信息公开网显示，8月11日，哪吒汽车关联公司合众新能源汽车股份有限公司因违反财产报告 制度，被广州市海珠区人民法院列为失信被执行人，履行情况为全部未履行。天眼风险信息显示，该公 司现存多条被执行人、限制消费令及股权冻结信息。 点评：哪吒汽车被列为失信被执行人，表明其在财务透明和法律遵从方面面临严重问题，这可能严重影 响其品牌形象与消费者信任。法院的多条执行令及股权冻结风险，显示出公司在资金链与经营结构上的 脆弱性。行业内其他企业可能会因这一事件而更加审慎。 NO.3 福特在美召回超10万辆F-150汽车 据美国国家公路 ...

小马智行Robotaxi乘客车费收入涨超3倍 【深圳商报讯】（记者 陈姝）8月12日，自动驾驶公司小马智行披露未经审计的2025年第二季度财报显 示，小马智行Robotaxi车辆总数已突破500辆，预期年底超1000辆；公司二季度总营收达1.54亿元人民币 （2150万美元），同比增长75.9%，环比增长53.5%，其中Robotaxi乘客车费收入同比激增超3倍。 小马智行加速Robotaxi业务商业化和量产落地进程，Robotaxi收入在二季度翻倍增长，带动公司整体营 收持续上涨。小马智行创始人、CEO彭军表示，非常有信心在2025年底实现千辆Robotaxi目标。 该公司自6月起与北汽、广汽的合作启动第七代Robotaxi量产，已完成产能爬坡并进入稳态生产，在两 个月内生产超200辆Robotaxi车辆。此前，小马智行宣布第七代Robotaxi采用100%车规级零部件，自动 驾驶套件成本较前代大幅下降70%，拥有10年/60万公里的设计寿命，这些重大突破是其今年加大一线 城市Robotaxi部署、提速商业化的基础。 小马智行二季度Robotaxi业务收入达1090万元人民币（150万美元），同比增长157 ...

【深圳商报讯】（记者陈姝）8月12日，自动驾驶公司小马智行披露未经审计的2025年第二季度财报显 示，小马智行Robotaxi车辆总数已突破500辆，预期年底超1000辆；公司二季度总营收达1.54亿元人民币 （2150万美元），同比增长75.9%，环比增长53.5%，其中Robotaxi乘客车费收入同比激增超3倍。 该公司自6月起与北汽、广汽的合作启动第七代Robotaxi量产，已完成产能爬坡并进入稳态生产，在两 个月内生产超200辆Robotaxi车辆。此前，小马智行宣布第七代Robotaxi采用100%车规级零部件，自动 驾驶套件成本较前代大幅下降70%，拥有10年/60万公里的设计寿命，这些重大突破是其今年加大一线 城市Robotaxi部署、提速商业化的基础。 （文章来源：深圳商报） 小马智行二季度Robotaxi业务收入达1090万元人民币（150万美元），同比增长157.8%，其中来自乘客 端的车费收入实现同比增长超过300%。财报分析，这一增长得益于用户覆盖范围扩大、一线城市用户 需求攀升，以及Robotaxi运营车辆规模增长。目前小马智行是国内唯一在北京、上海、广州、深圳开展 全无人Robot ...

Core Insights - WeRide (文远知行) is a leading autonomous driving technology company, recognized for its significant advancements and commercial operations in the field of self-driving vehicles [1][2] Financial Performance - As of June 30, 2025, WeRide reported total revenue of 200 million RMB, reflecting a year-on-year growth of 32.81% - The company recorded a net loss attributable to shareholders of 792 million RMB, which represents a year-on-year increase of 10.23% [1] Market Position and Valuation - On August 4, 2023, UBS initiated coverage on WeRide with a "Buy" rating and set a target price of $12 per share - As of August 12, 2023, WeRide's stock price was $8.99, with a market capitalization of $2.558 billion [1] Product and Service Offerings - WeRide has entered the commercialization phase of autonomous driving, leading the global market in revenue among similar companies - The company has developed a product matrix that includes Robotaxi, Robobus, Robovan, Robosweeper, and Advanced Driving Solutions, catering to various transportation needs [2] Strategic Partnerships - WeRide has established strategic partnerships with several top global manufacturers and suppliers, including the Renault-Nissan-Mitsubishi Alliance, Yutong Group, GAC Group, and Bosch [2] Recognition - In 2023, WeRide was ranked eighth on Fortune's list of companies changing the world, making it the only Chinese company to enter the top ten [2]

（原标题：Lucid二季度交付量增长了38%） ARAB NEWS 8月6日报道，2025年第二季度，PIF控股的电车制造商Lucid共交付了3309辆车，交付 量增长了38%，高于去年同期的2394辆。同时报告第二季度运营净亏损5.394亿美元，同比收窄19%。此 外，该公司通过与特斯拉的合作，扩大了Lucid Air车主的充电渠道，使车主能够使用北美超过2.35万个 超级充电站。 此前，为了实现收入来源多元化的战略，Lucid宣布与 Uber Technologies和自动驾驶公司Nuro建立 合作伙伴关系。根据该协议，Uber将部署至少2万辆配备4级自动驾驶系统 Nuro Driver的Lucid Gravity汽 车。 ...

Core Insights - The article discusses the performance and user experience of the Li Auto's VLA (Vehicle Lane Assist) system compared to Tesla's FSD (Full Self-Driving) system, highlighting that while VLA shows promise, it still falls short of the seamless experience provided by FSD in certain scenarios [1][2][3]. Experience Evaluation - The experience is divided into three parts: driving in a controlled environment with no driver present, a one-hour public road test, and a two-hour self-selected route test [1]. - Feedback from users indicates that the VLA system provides a comfortable and efficient experience, particularly in controlled environments, but its performance in more complex road scenarios remains to be fully evaluated [2][3]. User Feedback - Users noted a significant difference in the braking experience of VLA, describing it as smooth and seamless compared to traditional driving, which enhances the perception of safety and comfort [3][4]. - The article emphasizes that the initial goal for autonomous driving systems should be to outperform 80% of average drivers before aiming for higher benchmarks [4][5]. Iteration Potential - The VLA system is believed to have substantial room for improvement compared to its predecessor, VLM, with potential advancements in four key areas: simulation data efficiency, maximizing existing hardware capabilities, enhancing model performance through reinforcement learning, and improving user voice control experiences [6][7]. - The article suggests that the shift to reinforcement learning for VLA allows for targeted optimizations in response to specific driving challenges, which was a limitation in previous models [8][9]. User Experience and Product Development - The importance of user experience is highlighted, with the assertion that in the AI era, product experience can be as crucial as technical capabilities [10]. - The voice control feature of VLA is seen as a significant enhancement, allowing for personalized driving experiences based on user preferences, which could improve overall satisfaction [10].

格隆汇8月12日｜1. 美国三大股指期货小幅上涨，纳指期货涨0.11%，标普500指数期货、道指期货涨 0.08%。 2. 欧股主要指数涨跌不一，德国DAX指数跌0.42%，英国富时100指数跌0.02%，法国CAC指数涨0.2%， 欧洲斯托克50指数跌0.28%。 10. 美光科技将在全球范围内停止未来移动NAND产品的开发。 5. 澳大利亚联邦法院裁定美国科技巨头苹果和谷歌这两家公司涉嫌反竞争而违法。 6. 马斯克：苹果使除OpenAI之外任何AI公司都不可能在App Store上排名第一，这构成了明显的反垄断 违规行为。xAI将立即采取法律行动。 3. 中美双方自2025年8月12日起再次暂停实施24%的关税90天。 7. 特斯拉官宣续航830公里的Model 3车型开卖，起售价26.95万。 4. 据报中国建议企业避免使用英伟达H20芯片，尤其是服务政府部门的应用场景。 11. 麦当劳回应招募退休人员：提供符合法规政策的报酬和商业保险。 12. 通用汽车重新发力自动驾驶，计划召回部分Cruise前员工。 13. "稳定币第一股"Circle Q2营收6.58亿美元，同比增长53%，持续经营净亏损4.8 ...

当海外物流行业因人力问题还在"最后一公里"困局中挣扎，中国自动驾驶企业正以硬核技术改写城配市场规则。九识智能继Z、E两大系列后推出的L系列重 载版无人车L5，以1800kg行业顶级载重、40.8kWh长续航、社会充电桩快充等突破性设计，剑指大宗商品重载场景。 这家专注无人城配的高新科技企业，何以完成从技术研发到规模化落地的跨越？其技术底座的深度与产品迭代的敏捷性，或许能从L系列的基因密码中找到 答案。 当无人物流车从封闭道路走向全国的大街小巷，万亿级城市配送市场可能正迎来了真正拼"硬实力"的阶段。 此外，九识智能的售后网络已构建起'云脑-枢纽-终端'三级服务体系，覆盖全球近300座城市和地区，以客户为中心平均五公里范围内一定有维修站点和备件 服务的售后网络体系，实现有九识车的地方就有九识的直营运营人员。叠加AI 预诊断系统、5G远程专家协作平台，以及独特的"服务需求热力图"算法能动 态调整资源分布，实现20秒内线上响应。 优质的产品和服务，是九识让客户"赚得更多"的底气。 不止于"送货"，从物流工具到城市基础设施 目前九识智能的产品已经跑遍近300座城市和地区，服务对象从快递物流、医药、生鲜冷链等领域的头部企 ...

Core Insights - The article focuses on the development and algorithms of Vision-Language Action (VLA) models in autonomous driving over the past two years, providing a comprehensive overview of various research papers and projects in this field [1]. Group 1: VLA Preceding Work - The article mentions several key papers that serve as interpreters for VLA, including "DriveGPT4" and "TS-VLM," which focus on enhancing autonomous driving perception through large language models [3]. - Additional papers like "DynRsl-VLM" are highlighted for their contributions to improving perception in autonomous driving [3]. Group 2: Modular VLA - The article lists various end-to-end VLA models, such as "RAG-Driver" and "OpenDriveVLA," which aim to generalize driving explanations and enhance autonomous driving capabilities [4]. - Other notable models include "DriveMoE" and "LangCoop," which focus on collaborative driving and knowledge-enhanced safe driving [4]. Group 3: Enhanced Reasoning in VLA - The article discusses models like "ADriver-I" and "EMMA," which contribute to the development of general world models and multimodal approaches for autonomous driving [6]. - Papers such as "DiffVLA" and "S4-Driver" are mentioned for their innovative approaches to planning and representation in autonomous driving [6]. Group 4: Community and Resources - The article emphasizes the establishment of a community for knowledge sharing in autonomous driving, featuring over 40 technical routes and inviting industry experts for discussions [7]. - It also highlights the availability of job opportunities and a comprehensive entry-level technical stack for newcomers in the field [12][14]. Group 5: Educational Resources - The article provides a structured learning roadmap for various aspects of autonomous driving, including perception, simulation, and planning control [15]. - It mentions the compilation of numerous datasets and open-source projects to facilitate learning and research in the autonomous driving sector [15].

自动驾驶企业小马智行（NASDAQ: PONY）正在进入一个罕见的高速扩张周期。 8月12日，小马智行披露2025年第二季度未经审计财报，总营收1.54亿元人民币（2150万美元），同比 增长75.9%，环比增长53.5%，创上市以来单季新高。核心业务Robotaxi乘客车费收入同比增长超过3 倍，成为拉动整体业绩的主要引擎。 （原标题：量产、收入与国际化齐头并进，小马智行进入扩张周期） 资本市场对这些进展给予了积极回应。据媒体统计，公司获得8家分析机构"买入"评级，无"卖出"或"中 性"观点。在13F机构持仓披露中，包括英国老牌资管柏基投资（Baillie Gifford）、日本日兴资产管理 （Nikko Asset Management）在内的至少14家国际资金在二季度大幅增持。 6月，小马智行成为首个纳入纳斯达克中国金龙指数的L4自动驾驶公司。这一指数覆盖市值和流动性较 高的在美上市中概股，纳入意味着进入更多ETF和长线资金的配置名单，也提升了股票的交易活跃度和 海外投资者的关注度。 国际化布局同步推进。在中东，公司与迪拜道路交通管理局达成战略合作，计划2026年实现全无人商业 化运营；在欧洲，已于卢森 ...