IMF 副总裁：贸易壁垒令全球损失 7.4 万亿美元 GDP 贝壳继 3 月北京参与土拍，本周再在广州拍地 哪吒汽车母公司拟在港股 IPO 霸王茶姬店长月薪 2.5 万港元，蜜雪最高 2.2 万港元 关注《晚点财经》并设为星标，第一时间获取每日商业精华。 哪吒去年账面现金不足 30 亿元 今年前五个月，哪吒共交付 4.3 万辆新车，不到年交付目标 30 万辆的 15%。在行业竞争激烈之际，6 月 26 日，哪吒汽车母公司合众新能源提交港股上市申请，展示了它上市融资的紧迫性。 2023 年哪吒卖车 12.4 万辆、同比下滑 18%。卖一辆车亏损 1.8 万元，全年净亏损 68.67 亿元。近三 年累计亏损约 184 亿元。经营现金流也是三年负数，截至去年底，哪吒的现金及等价物为 28.36 亿 元，但短期借款和应付账款有 154 亿元。其中近 43 亿元借款需在今年偿还。 不过据哪吒招股书披露，今年其透过投资所得款项、长期银行借款、发行可转债补充 43 亿元运营资 金。 2017 年至今，哪吒已获得至少 10 轮融资，包括宁德时代、360 集团及有国资背景的地方产业基金， 公开的总融资金额超 200 亿元。今年 ...

以下文章来源于晚点Auto ，作者晚点团队 晚点Auto . 不过，中国汽车市场眼下已经进入一个新阶段：借助技术上的追赶，吉利、长城、长安等竞争对手 逐渐逼近比亚迪的基本盘。 6 月 6 日，比亚迪 2023 年度股东大会在深圳举办，比亚迪董事长兼总裁王传福出席。这是产品和新 的技术发布后，他第一次公开面对股东提问。 本次股东大会的现场十分热络， 109 位 A 股和 H 股比亚迪股东到场，其中一位股东已连续六年参 会。股东们提问踊跃，按照事先设定的议程安排，股东提问环节的时间为 30 分钟，但最终延长到 75 分钟。 大会现场，没有股东直接提及中国汽车市场当下残酷的竞争，但所有的讨论都没有脱离这一点，王 传福从经销商体系、智能驾驶研发、海外市场等诸多方面，回应了竞争。 从制造到创造，从不可能到可能。《晚点LatePost》旗下汽车品牌。 比亚迪年度股东大会，王传福谈技术、产品和市场。 文丨赵宇 编辑丨 冒诗阳 汽车作为复杂的工业产品，存在一条普遍规律：规模越大，成本才有可能越低。比亚迪极致追求规 模，销量从 2022 年的 187.7 万辆涨到去年的 302.4 万辆，连续两年位居全球第一大新能源车企。 今 ...

马斯克妥协？ 美国将没有竞业 台积电被美国员工选为最差雇主 关注《晚点财经》并设为星标，第一时间获取每日商业精华。 马斯克妥协？ 一个月前特斯拉新车涨价，打算倾注资源做无人驾驶出租车。一个月后特斯拉又降价，并承诺很快会有 更多的平价车 —— 反复之间，特斯拉 —— 或者说马斯克，在对市场妥协，并以这种方式换取继续做他 眼中不平庸产品的机会。 这种妥协极大缓解投资者对特斯拉的悲观预期，在报告了 2020 年二季度以来的首个收入下滑季度后， 因为马斯克的最新表态，特斯拉盘前股价跳涨 12%。 这将有望部分缓解特斯拉销量增长困境。今年一季度特斯拉销量下滑 8.5%、至 38.7 万辆车，连续两个 季度不及上年同期。供应链人士说，为了应对缩减的市场需求，特斯拉下调上海工厂生产目标，目前产 能利用率约为 60%。 为了逆转销量，特斯拉本周在中国、美国和欧洲对所有车型降价 2000 美元或等值货币。 马斯克认为，下一阶段特斯拉的主要增长动力将来自 FSD （完全自动驾驶系统）。用户可买断或者按月 支付费用以使用 FSD 。特斯拉近期也下调了 FSD 售价来促进销量。 他透露特斯拉正与一家大型车企讨论 FSD 功能的授权合 ...

Financial Data and Key Metrics Changes - Total annual revenue for the group in 2023 was RMB 3,400,000,000, a decrease of 11% compared to the previous year, primarily due to a strategic reduction in reliance on the smart city business [11][49] - EBITDA losses narrowed to RMB 5,500,000,000, with operating expenses in R&D, G&A, and sales decreasing by 10.6% year on year [12][50] - Trade receivables collected in 2023 amounted to RMB 3,800,000,000, reflecting a year-on-year growth of 48.5% [11][54] Business Line Data and Key Metrics Changes - The generative AI business achieved revenue of RMB 1,180,000,000, representing a 200% year-on-year increase and accounting for 35% of total revenue [15][49] - Traditional AI revenue decreased by 41%, generating RMB 1,840,000,000 [15] - The smart auto business generated RMB 384,000,000 in revenue, a 31% increase, accounting for 11% of total revenue [16] Market Data and Key Metrics Changes - The smart city segment's revenue contribution significantly declined from about 30% in 2022 to less than 10% in 2023 [11][39] - The generative AI business has become the core business, expected to continue rapid growth in 2024 [16][17] Company Strategy and Development Direction - The company is focusing on generative AI, traditional AI, and smart auto as its three core business segments, with a strong emphasis on developing the generative AI business [14][15] - The company aims to optimize operational efficiency and reduce losses by incubating and spinning off non-core businesses [12][47] - Future strategic goals include maintaining technological leadership, driving business growth, and promoting the core business [46][47] Management's Comments on Operating Environment and Future Outlook - Management highlighted the rapid advancements in AI technology and the significant demand for generative AI across various industries [8][17] - The company anticipates that generative AI will account for about half of total revenue in 2024, with a projected CAGR of around 50% from 2023 to 2028 [73] - Management expressed confidence in overcoming challenges during the transformation period and securing a leading position in the AI industry [48][80] Other Important Information - The company underwent business restructuring in 2023, focusing on generative AI and reducing reliance on the smart city business [11][14] - The passing of the founder, Professor Tang, was acknowledged, with management committing to continue his legacy in AI innovation [6][7] Q&A Session Summary Question: What is SenseTime's exploration in the multimodal domain? - Management emphasized the importance of historical technology accumulation and the role of synthetic data in multimodal research, predicting its significance in future developments [60] Question: What are the expansion plans for computing power for 2024 and beyond? - The company plans to double its computing power in 2024, addressing the increasing demand for both training and inference in large models [63][64] Question: What are the current business models for generative AI and growth expectations? - The company operates three business models: public cloud, private cloud, and customized model services, with expectations for generative AI to contribute significantly to total revenue in the coming years [71][73] Question: What are the impacts of the founder's passing on shareholding and strategy? - The founder's shares were inherited by his family, who continue to support the management, ensuring stability in governance and strategy [75][80]