作者 | 董 静 编辑 | 硬 AI 小米正将提升智能手机平均售价作为2026年首要运营重点，同时大幅增加人工智能投资以转型全业务线，并设定电动车年度交付目标55万辆。这家全球第三大智 能手机品牌正通过"人×车×家"生态战略推动多年期扩张。 据高盛最新研报，高盛于2026年1月5-6日举办了中国汽车管理层展望电话会，小米高管详细披露了公司在智能手机、AIoT及智能电动车三大板块的最新战略布 局。 研报称，小米投资者关系总经理及高级经理在电话会上表示， 小米正在执行一项极其激进但路径明确的资本开支计划（2026-2030年研发预算高达2000亿元人民 币），旨在通过底层技术（自研芯片、AI大模型）打通"人x车x家"生态。 研报指出，小米高管表示，虽然短期面临存储芯片成本暴涨的宏观逆风，但管理层 通过高端化和涨价，以及供应链管理试图对冲风险。 同时，AIoT板块目标增 长，门店将扩至1000家以上， 海外AIoT业务被视为未来增长引擎。 高盛称，小米高管强调， 最关键的催化剂在于电动车业务的规模效应释放（2026年交付目标上调至55万台）以及自研芯片对外部供应商（如英伟达）的替代潜 力。 高盛维持小米"买入"评级 ...

Core Insights - BYD's new flagship models, Han L and Tang L, were showcased at the Guangzhou Auto Show on November 21, featuring enhanced product capabilities in the segmented market [1] - The Han L EV and Tang L EV are equipped with the Super e-platform and "megawatt flash charging," while the Han L DM and Tang L DM come standard with fifth-generation DM technology, balancing performance and efficiency [1] - The new models introduce a "parking to parking" navigation assistance feature and upgrades in color options, smart ecosystem, and safety configurations [1] Pricing and Model Variants - Han L EV has three models priced between 204,800 to 264,800 yuan after super replacement subsidies; Han L DM models are priced from 194,800 to 244,800 yuan; Tang L EV models range from 224,800 to 274,800 yuan; Tang L DM models are priced between 214,800 to 270,800 yuan [1] Customization and Aesthetics - To cater to user preferences for personalization, Han L and Tang L introduced a new olive green color, with Han L also adding a new West Lake blue option; Han L features a blackened sports kit and the popular Liuguang silver color is now available for Tang L users [1] Intelligent Features and Ecosystem - The Han L and Tang L models received a comprehensive OTA upgrade for their intelligent cockpit and driver assistance systems, with the high-end version of the intelligent cockpit, DiLink 150, offering a complete visual and interactive overhaul [2] - The models are equipped with the DiPilot 300 driver assistance system, unlocking the "parking to parking" navigation feature [2] - BYD has partnered with various companies to create an integrated "human × car × home" ecosystem, allowing users to control home appliances through the vehicle and vice versa, enhancing the seamless connectivity experience [2] Collaborative Innovations - Collaborations with brands like Midea enable smart home integration, where users can check vehicle status and control home settings remotely [2] - Additional partnerships have led to the introduction of smart child safety seats, smart pet safety seats, and other connected devices that can interact with the vehicle's system through voice control [2]