Core Viewpoint - Mercedes-Benz is facing a series of technical and trust crises in the Chinese market, highlighting challenges in its digital transformation and product reliability [1] Group 1: Technical Issues - On June 12, multiple Mercedes-Benz owners reported widespread failures of the in-car navigation and CarPlay functions, leading to user dissatisfaction due to slow repair processes [1] - Shortly after, the State Administration for Market Regulation issued three recall notices affecting 16,100 vehicles due to power system faults and fire risks in both imported and domestic models [1] Group 2: Strategic Challenges - Industry experts believe these incidents are indicative of a broader issue with Mercedes-Benz's delayed transition to smart technology [1] - Despite the chairman's announcement of over 14 billion yuan investment in R&D in China, the development of the self-developed operating system MB.OS has been slow, and collaboration with local tech companies has not progressed effectively [1] Group 3: Market Performance - Data indicates a projected global sales decline of 3% for Mercedes-Benz in 2024, with a 7% drop in China, its largest single market, resulting in sales of 683,600 units [1] - Sales of pure electric models have seen a significant decline of 23%, underscoring the difficulties traditional automakers face in adapting to the "software-defined vehicle" era [1]

Core Viewpoint - Mercedes-Benz is facing a series of technical and trust crises in the Chinese market, highlighted by widespread failures of in-car navigation and CarPlay functions, followed by a recall of 16,100 vehicles due to safety concerns, indicating a significant delay in the company's smart transformation efforts [1][2][3] Group 1: Technical Failures - On June 12, numerous Mercedes-Benz owners reported a sudden failure of in-car navigation and CarPlay functions, with the central screen going black and displaying error messages [2] - Mercedes-Benz acknowledged the issue was due to a backend failure and attempted to rectify it, but many users continued to experience problems, leading to dissatisfaction with the company's response [2][3] - Following the technical failures, the State Administration for Market Regulation issued three recall notices affecting 16,100 vehicles, further damaging the brand's reputation in China [2][3] Group 2: Recall Details - The recalls included 252 domestic C-Class and GLC SUVs due to incorrect fuse boxes that could lead to loss of power and airbag failure, posing a fire risk [3] - Additionally, 13,447 domestic EQC vehicles were recalled due to software defects in the battery management system that could cause thermal runaway in extreme conditions [3] - 2,151 imported A-Class, CLA-Class, and GLA-Class vehicles were recalled for non-compliant turbocharger nozzles, which posed emission risks [3] Group 3: Strategic Challenges - The series of technical incidents reflects a systemic lag in Mercedes-Benz's smart transformation, with the company struggling to implement its self-developed MB.OS operating system and collaborate effectively with local tech firms [1][3] - Despite plans to invest over 14 billion yuan in R&D in China, the company's progress in smart technology has been minimal compared to competitors like Volkswagen and Audi, who have made significant advancements [3][4] - Mercedes-Benz's electric vehicle sales in China dropped 23% in 2024, with overall sales declining by 7% to 683,600 units, indicating challenges in adapting to the "software-defined vehicle" era [1][4] Group 4: Financial Performance - In 2024, Mercedes-Benz's global sales fell by 3% to 1.983 million units, with revenue decreasing by 8.5% [4] - The company announced a shift in strategy, abandoning its 2030 full electrification plan and restarting the development of fuel vehicles to recover profits [4] - To address ongoing challenges, Mercedes-Benz initiated the "Next Level Performance" cost-saving plan, aiming to reduce costs by 5 billion euros by 2027 [4][5] Group 5: Industry Perspective - Industry experts suggest that Mercedes-Benz urgently needs to restructure its technology R&D system and improve user response mechanisms to remain competitive in the smart vehicle market [5] - The company's failure to address basic issues, such as OTA upgrades and battery management, has resulted in significant customer dissatisfaction, particularly during widespread technical failures [5]

Core Viewpoint - Intel has abruptly decided to shut down its automotive business, which was previously seen as a significant growth opportunity, indicating a strategic retreat in response to financial pressures and competitive challenges in the automotive semiconductor market [1][10][23]. Group 1: Business Decision and Leadership Changes - Intel's automotive division, once considered a key growth area, is being closed under the leadership of new CEO Lip-Bu Tan, who has initiated a company-wide restructuring to focus on core businesses [8][10]. - Jack Weast, a prominent figure in Intel's automotive strategy, had recently relocated to China to spearhead the automotive initiative but has now returned to the U.S. following the decision to cut the division [9][22]. Group 2: Financial Performance - Intel reported a net loss of $821 million in Q1 2025, with total revenue declining over 30% from 2021 to 2024, and the foundry business losing $7 billion in 2023 [10][11]. - The automotive division, defined as a "small-scale business," has not generated sufficient revenue to justify its continued operation amid the company's financial struggles [11][18]. Group 3: Competitive Landscape - The automotive semiconductor market is highly competitive, dominated by companies like Qualcomm and NVIDIA, making it difficult for Intel to establish a foothold [19][20]. - Local Chinese companies, such as SemiDrive and SiEngine, are gaining traction in the market, further complicating Intel's position [20]. Group 4: Strategic Shift - Intel's decision to exit the automotive chip market reflects a broader strategy to focus on its core data center and client computing businesses while retaining control over Mobileye, a leader in advanced driver-assistance systems (ADAS) [23][24]. - The shift from being an operator in the automotive space to a more focused investor in specialized segments indicates a strategic realignment in response to market dynamics and geopolitical risks [24][25].

【观网财经丨智能早报 6月26日】 小米官宣将发布AI眼镜，京东预约人数破万 6月25日，小米通过微博官宣，将于6月26日晚7点发布"面向下一代的个人智能设备"小米AI眼镜。根据 已公布的海报可知，当晚活动的主题为 "小米人车家全生态发布会"，或暗示AI眼镜将作为小米 "人车家 全生态" 战略的一部分推出，可能与汽车、智能家居等场景进行联动。 另据小米创始人雷军介绍，小米AI眼镜将内置小爱同学AI助手，结合前端摄像头，用户可对视线范围 内的物体实时提问，并可启动第一人称视角视频录制。 当天，京东抢先上线小米AI眼镜并开启预约，新品销售热度持续高涨，预约人数已超1.6万。26日该款 新品在京东正式开售。 夸克志愿报告生成排队过万人，阿里副总裁吴嘉：已紧急扩充算力 6月25日，多位用户在社交平台反馈，使用夸克生成志愿报告时出现排队等待现象，多次出现排队超万 人的情况。 对此，阿里巴巴集团副总裁吴嘉在朋友圈发文，截至当日15:15，夸克系统已累计生成超300万份志愿报 告，当前的排队情况主要由于多个省份集中出分，用户需求在短时间内集中爆发。他表示，团队已紧急 扩充算力，全力压缩等待时间。 此前，阿里巴巴已预先调配了 ...

Core Viewpoint - Xiaopeng Motors focuses on long-term investment in intelligent technology, betting on the future of automobiles as software-defined smart terminals [1] Group 1: Profit Logic - Future profits are expected to come from software, with Xiaopeng investing heavily in intelligent driving (XNGP) to achieve high-margin software revenue similar to Apple or Tesla [2] - High brand premium potential exists as an exceptional intelligent driving experience can lead to higher vehicle prices and increased per-unit profits [3] - B2B revenue from technology licensing, such as collaboration with Volkswagen, creates a new business model that generates high-margin service fees, directly monetizing significant R&D investments [4] Group 2: Long-term Strategy - A strong technological moat is anticipated if Xiaopeng succeeds in high-level autonomous driving, potentially becoming the industry standard with unmatched bargaining power and longevity [5] - The ability to build a comprehensive smart ecosystem around intelligence, extending from vehicles to robots and flying cars, indicates limitless commercial boundaries and long-term value [6] - Xiaopeng is pursuing a challenging, capital-intensive path that, if successful, promises substantial returns, aiming for a "winner-takes-all" future [7]

Core Viewpoint - Continental Group's automotive division has established the Advanced Electronic and Semiconductor Solutions (AESS) department to enhance resilience and ensure future success by developing automotive semiconductors internally, in partnership with GlobalFoundries (GF) [1][2]. Group 1: Strategic Initiatives - The establishment of AESS aims to design and validate semiconductors to meet internal demands, addressing the growing need for semiconductors in software-defined vehicles [1]. - The global automotive semiconductor market is projected to reach approximately €110 billion by 2032, necessitating increased investment in semiconductor development for long-term success [1]. - The move to create a fabless semiconductor company is intended to reduce geopolitical risks and enhance Continental's autonomy in the semiconductor field [1][2]. Group 2: Collaboration and Technology - GF will serve as the manufacturing partner for AESS, leveraging its advanced automotive-grade process technology and global manufacturing capabilities to support the development of innovative solutions for next-generation vehicles [2]. - The collaboration with GF is part of a broader strategy to enhance semiconductor production design and management capabilities, thereby improving market position and self-sufficiency [2]. Group 3: Organizational Impact - The new organizational structure is designed to support the automotive group's business by creating a resilient supply chain, improving product quality, and reducing time-to-market [3]. - AESS is expected to generate value through cost savings and efficiency improvements, which will enhance the company's cash flow [3]. - The establishment of AESS is seen as a way to solidify Continental's position as a leading automotive parts manufacturer and create new internal development opportunities [4].

编 译 / 钱亚光 设 计 / 张 萌 来 源 / www.autonews.com, content.rolandberger.com 6月23日，《美国汽车新闻（Automotive News）》发布了2025全球汽车零部件供应商百强榜。 Automotive News研究与数据中心对数百家公司进行了调查，以确定其年度全球前 100 大供应商排 名。榜单根据供应商对汽车制造商的年销售额进行排名，并且不包括售后业务的收入以及对除汽车 制造商以外的其他公司的销售收入。 目前全球汽车零部件供应商格局受到电动化、智能化以及区域市场变化等因素加剧的竞争所影响。 尽管2025全球汽车零部件供应商百强榜的完整榜单尚未公开发布，但来自行业报告、财务数据和市 场分析所提供的信息揭示了关键趋势。 1.传统巨头凭借战略调整 占据主 导地位 博世（Bosch，德国）仍保持全球最大的供应商地位， 2024 年汽车业务部门营收至543.72 亿美元， 同比下降了 近 3%，这反映出传统内燃机系统方面所面临的挑战。该公司正转向电动化和软件定义 的出行方式，并在中国建立了与先进驾驶辅助系统（ADAS）相关的合作伙伴关系。 电装（Dens ...

Core Viewpoint - Audi has reversed its previous plan to stop developing and selling internal combustion engine vehicles by 2033, now not setting a clear timeline for termination [1] Group 1: Audi's Strategic Adjustments - Audi will launch a new series of internal combustion and plug-in hybrid vehicles between 2024 and 2026, providing greater flexibility for the next decade [1] - The company will lead the development of the Volkswagen Group's platform architecture and software systems for mid-to-large models, marking a shift towards "software-defined vehicles" [1] - The SSP platform, developed in collaboration with Rivian, is expected to debut in Audi models by the end of 2027 or in 2028 [1] Group 2: Industry Trends - Other automakers like Volvo and Mercedes have also adjusted their electrification plans, with Mercedes planning to continue developing internal combustion engine models into the 2030s [2] - The automotive industry is experiencing challenges during the electrification transition, with many companies facing declining revenues and profits due to high R&D costs and slowing demand for electric vehicles [2] - In contrast, the Chinese electric vehicle market is growing rapidly, prompting multinational companies to accelerate their electrification efforts in China while seeking cost reduction and efficiency improvements [2] Group 3: Audi's Focus Areas - Audi's transformation strategy emphasizes two key areas: software-defined vehicles and advanced driver assistance technologies [3] - Starting mid-2025, Audi will produce several models specifically designed for the Chinese market, including the Q6L e-tron, which is already in pre-sale [3] - Audi is collaborating with Huawei to integrate advanced intelligent driving assistance systems into new platform products starting in 2025 [3]

Core Viewpoint - Audi has reversed its previous plan to stop developing and selling internal combustion engine vehicles by 2033, and no clear timeline for cessation has been set [2][3]. Group 1: Audi's Strategic Adjustments - Audi will launch a new series of internal combustion and plug-in hybrid vehicles between 2024 and 2026, providing greater flexibility for the next decade [3]. - The company will lead the development of a new platform architecture and software system for large vehicles within the Volkswagen Group, marking a shift towards "software-defined vehicles" [3]. - The original plan was to release the last batch of fuel vehicles globally by 2026 and achieve full electrification by 2033, but this has been reassessed due to varying market developments and the pace of electric vehicle adoption [3][4]. Group 2: Industry Trends - Other automakers like Volvo and Mercedes-Benz have also adjusted their electrification plans, with Mercedes stating it will not strictly adhere to a 2030 deadline for transitioning to electric vehicle sales [4]. - The automotive industry is experiencing challenges during the electrification transition, with many companies facing declining revenues and profits due to high R&D costs and a slowdown in electric vehicle demand [4]. - Despite these challenges, the Chinese electric vehicle market is growing rapidly, prompting multinational companies to accelerate their electrification efforts in China [5]. Group 3: Audi's Focus Areas - Audi's transformation strategy focuses on two key areas: software-defined vehicles and advanced driver assistance technologies [6]. - Starting mid-2025, Audi will produce several models specifically designed for the Chinese market, including the Q6L e-tron, which is based on the PPE luxury electric platform [6]. - Audi is collaborating with Huawei to integrate advanced intelligent driving assistance systems into new platform products starting in 2025 [6].

大家早上好！这里是今天的早报，每天早上，我都会在这里跟你聊聊昨夜今晨发生了哪些大事儿。 本 栏目由虎嗅出品。 热点追踪 【美政府恢复办理外国学生签证】 据财联社，财联社6月19日电，据央视新闻，当地时间6月18日，美国特朗普政府恢复办理外国学生签证，但要 求访问签证办理者的社交媒体账户。 【大科学装置"夸父"建设迎来重要进展】 据央视新闻，记者从中国科学院合肥物质科学研究院获悉，国家重大科技基础设施聚变堆主机关键系统综合研 究设施"夸父"的19个子系统之一——低杂波电流驱动系统今天（6月18日）通过专家组测试与验收，系统总体 性能达到国际领先水平。 低杂波电流驱动系统是通过利用厘米波段的电磁波，让波与粒子相互作用使电子获得定向动量，驱动等离子体 电流并加热等离子体。该系统就如同"微波灶台"，运行时，系统的最大功率相当于4000台1000瓦功率的微波炉 同时工作。 【连续三起！海关共查获两万多个山寨LABUBU】 据央视新闻，近日，拱北海关所属港珠澳大桥海关连续查获3起出口跨境电商侵权货物案，共查获侵犯泡泡玛 特品牌商品20599件。 患儿唐某某于2025年4月4日20时26分因病入江西省儿童医院心脏重症监护室 ...