Core Viewpoint - The article discusses Xiaomi's recent developments in the electric vehicle sector, highlighting the challenges and successes faced by the company as it aims to establish itself in the automotive market, particularly through its new models and the impact of its recent annual speech by CEO Lei Jun [2][6][10]. Group 1: Xiaomi's Automotive Business Performance - Xiaomi's automotive revenue reached 213 billion yuan in Q2 2025, marking a 234% year-on-year increase [15][16]. - The number of new vehicle deliveries in Q2 2025 was 81,302, a significant rise from 27,307 in the same period last year, representing a growth of 197.7% [16][19]. - The average selling price (ASP) of Xiaomi vehicles increased from 228,644 yuan to 253,662 yuan, attributed to the launch of the higher-priced SU7 Ultra [18][21]. Group 2: Challenges in Production and Delivery - Xiaomi faces significant challenges with long delivery times, with the SU7 and YU7 models having delivery periods of 35-48 weeks, which is considerably longer than competitors like BYD and Tesla [26][28]. - The company has been criticized for its production capacity issues, which have led to delays and potential customer dissatisfaction [29][30]. - Analysts suggest that the extended delivery times could lead to a loss of customer loyalty and increased competition from other brands offering quicker delivery options [32][33]. Group 3: Quality Control and Public Perception - Xiaomi has faced scrutiny over product quality, particularly following a recall of over 110,000 SU7 vehicles due to software issues that could increase collision risks [33][36]. - There have been multiple complaints regarding the YU7 model, including reports of quality issues and concerns about the vehicles being sold as "test cars" [34][39]. - The company’s rapid growth and aggressive marketing strategies have led to quality control challenges, which could impact its brand reputation if not addressed [43][44].

截至午间收盘，国证机器人产业指数下跌1.8%，中证智能电动汽车指数下跌1.0%，中证物联网主 题指数下跌1.7%，中证消费电子主题指数下跌2.1%，机器人ETF易方达（159530）日内净申购达3400万 份。Wind数据显示，该产品此前已连续14个交易日获净流入，合计超60亿元。 每日经济新闻 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com ...

Core Viewpoint - Xiaomi Group's stock price experienced volatility following the launch of the Xiaomi 17 series and a keynote speech by CEO Lei Jun, indicating mixed market reactions despite product announcements [1][2] Group 1: Product Launch and Market Response - Xiaomi's stock opened lower on September 26, dropping over 5% despite a previous day surge of over 5% after the product launch [1] - The Xiaomi 17 series was launched with starting prices of 4,499 yuan for the standard model, 4,999 yuan for the Pro, and 5,999 yuan for the Pro Max [1] - Lei Jun emphasized the importance of self-developed chips for Xiaomi's success, committing to invest at least 50 billion yuan over the next decade [2] Group 2: Financial Performance - Xiaomi reported a revenue of 115.96 billion yuan for Q2 2025, a year-on-year increase of 30.5%, marking three consecutive quarters of revenue exceeding 100 billion yuan [4] - Operating profit reached 13.44 billion yuan, up 128.2% year-on-year, while adjusted net profit was 10.83 billion yuan, a 75.4% increase [4] - The innovative business segment, including smart electric vehicles and AI, generated 21.3 billion yuan in revenue, a significant year-on-year growth of 234% [4] Group 3: Market Position and Sales - Xiaomi's smartphone shipments increased slightly from 42.2 million units in Q2 2024 to 42.4 million units in Q2 2025, driven by a 3.6% rise in shipments in mainland China [4] - The company achieved a record activation of 11.5 million new devices, securing a 16.8% market share in the domestic market [4] - In the home appliance sector, Xiaomi's revenue reached a historical high with a year-on-year growth of 66.2%, with air conditioning units exceeding 5.4 million units sold [5]

Group 1 - The National Robot Industry Index increased by 1.1%, the China Securities Intelligent Electric Vehicle Index rose by 2.0%, the China Securities Consumer Electronics Theme Index went up by 1.3%, and the China Securities Internet of Things Theme Index climbed by 1.4% [1] - The E Fund Robot ETF (159530) saw a net subscription of 51 million units in a single day, marking a continuous net inflow for 13 trading days, totaling over 5 billion yuan [1]

Group 1 - The core event was the launch of new models including the AITO Wenjie M9, Wenjie M7, and the Shangjie H5, enhancing the product matrix of Hongmeng Zhixing to cover diverse market segments from mainstream to high-end [1][5] - The Shangjie H5 has a starting price of 159,800 yuan, with over 160,000 cumulative orders since its pre-order began on August 25, showcasing strong market demand [3] - The Wenjie M9 has delivered over 240,000 units and has maintained its position as the sales champion in the market above 500,000 yuan for 18 consecutive months [4] Group 2 - The Shangjie H5 features advanced driving assistance systems and offers a spacious interior comparable to larger vehicles, while emphasizing safety and intelligence [3][4] - The Wenjie M7 is positioned as a "happy flagship national SUV" with a price range of 279,800 to 379,800 yuan, offering both extended range and pure electric options [4] - Hongmeng Zhixing aims to achieve a sales target of one million units annually by enhancing its product offerings across various segments, collaborating with partners like Seres, Chery, BAIC, and others [5]

2025年9月23日，鸿蒙智行秋季新品发布会于深圳举办。问界M9推出全新车色"银境紫"，全新问界M7、尚界H5两款重磅新品上市，进一步丰富 鸿蒙智行产品矩阵，满足用户多元化购车需求。华为以HarmonyOS为中心，构建鸿蒙办公、鸿蒙智家、鸿蒙智行、运动健康、影音娱乐五大智慧场 景。鸿蒙智行深度赋能中国智能电动汽车产业升级，AITO问界、LUXEED智界、STELATO享界、MAEXTRO尊界、SAIC尚界"五界聚势"，携手赛 力斯、奇瑞、北汽、江淮、上汽等合作伙伴共征新程。 超50项功能全量升级，问界M9新色"银境紫"上市 本次发布会，全景智慧旗舰SUV问界M9带来全新车色-银境紫，满足客户对个性审美与时尚品味的双重追求。自上市以来，问界M9累计交付超24万 辆，18个月稳居50万以上市场销量冠军，更连续8个月蝉联大型SUV保值率第一，连续两期新能源全车型用户净推荐值第一。 享六座满载天伦，大五座尽享温馨，在此基础上，问界M9推出尊四座配置套装，搭配奢享零重力座椅套装、智能隐私车窗、电动踏板，彰显高端商务 尊贵风范。同时，问界M9全系升级华为乾崑智驾®ADS 4、新增泊车车外语音远程查看及对讲、手表手势开关门 ...

鸿蒙智行最便宜的车型来了。 9月23日晚间，鸿蒙智行正式举办秋季新品发布会，推出两大品牌全新车型——尚界H5与全新问界 M7。 作为鸿蒙智行"第五界"品牌的首款车型，尚界H5正式发布，售价15.98万元起，这成为目前搭载华为 ADS4智能驾驶辅助系统最便宜的车型，是鸿蒙智行体系内首款下探至20万元以内的车型。 鸿蒙智行"五界"齐发 9月23日，华为常务董事、终端BG董事长余承东在鸿蒙智行秋季新品发布会上表示，华为以HarmonyOS 为中心，构建鸿蒙办公、鸿蒙智家、鸿蒙智行、运动健康、影音娱乐五大智慧场景，通过鸿蒙智行深度 赋能中国智能电动汽车产业升级。 截至目前，问界、智界、享界、尊界、尚界"五界聚势"，携手赛力斯、奇瑞、北汽、江淮、上汽等。 值得一提的是，在发布会上，余承东还介绍了全新问界M7，该款车型在外观设计、空间座舱、性能驾 控与安全能力等维度进行了更新。新车增程版27.98万元起售，纯电版31.98万元起售。 尚界首款车型正式发布 在此次发布会上，最受关注的当属华为鸿蒙智行与上汽联合打造的首款车型尚界H5。 在发布会上，上汽集团总裁贾健旭宣布尚界H5正式发布，"尚界H5拥有GL8的舒适、桑塔纳的素 ...

Group 1 - The National Robot Industry Index fell by 3.0% at midday, indicating a decline in the robotics sector [1] - The China Securities Consumer Electronics Theme Index decreased by 2.3%, reflecting a downturn in the consumer electronics market [1] - The China Securities Internet of Things Theme Index dropped by 1.7%, suggesting challenges in the IoT industry [1] - The China Securities Smart Electric Vehicle Index saw a decline of 0.9%, indicating a slight downturn in the electric vehicle sector [1] - Despite the overall market decline, the E Fund Robot ETF (159530) experienced a net subscription of nearly 100 million shares, showing investor interest in robotics [1]

Group 1 - The core viewpoint of the article highlights the performance and valuation metrics of the Internet of Things (IoT) ETF managed by E Fund, which tracks the CSI IoT Theme Index [3] - The index focuses on companies involved in information collection, transmission, and IoT applications, emphasizing the importance of smart terminals for achieving connectivity [3] - Since its inception in 2015, the index has shown a rolling price-to-sales ratio of 32.6 times and a valuation percentile of 47.1% [3] Group 2 - The index experienced a daily change of 2.7%, indicating fluctuations in market performance [3] - The ETF's composition includes stocks that are critical to the IoT ecosystem, reflecting the growing significance of this sector in the broader market [3] - The ETF's market capitalization and trading volume are significant, with a reported volume of 159,895 [3]

Group 1 - NIO Day 2025 was held on September 20 in Hangzhou, marking the first autumn event with the theme "Grow with the Light" to share the latest products and technological innovations with global users [1] - The new ES8, a flagship SUV, was officially launched with prices starting at 406,800 CNY for the six-seat luxury version and 298,800 CNY with BaaS battery rental [1] - The seven-seat luxury version of the ES8 also starts at 406,800 CNY, with a BaaS battery rental price of 298,800 CNY [1] Group 2 - The third-generation ES8 is the first smart electric vehicle product to complete three iterations, showcasing NIO's decade of technological innovation [2] - The NIO ET9 Horizon Special Edition was announced with a starting price of 818,000 CNY, and a BaaS battery rental price of 710,000 CNY, set to begin deliveries at the end of September [2] - NIO's chairman Li Bin revealed that production capacity for the new ES8 has been increased to 40,000 units per month to meet demand, and if production does not meet order demand, the company will subsidize the tax reduction for next year [2]