专题：2026年度国际消费电子展(CES) 专题：2026年度国际消费电子展(CES) 新浪科技讯 1月6日上午消息，一年一度的CES展会期间，黄仁勋在英伟达新品发布会上表示，机器人 系统的下一个时代将是机器人时代，在现场，黄仁勋带来了电影星球大战中的BD-1机器人，外形大小 类似宠物鸭，可感知周围环境并做出友好互动。 黄仁勋表示，包括Boston Dynamics、Franka Robotics、LEM Surgical、LG Electronics、Neura Robotics和 XRlabs在内的全球机器人领军企业，正在基于英伟达Isaac平台和GR00T基础模型开发产品，覆盖了从 工业机器人、手术机器人到人形机器人、消费级机器人的多个领域。 现场大屏幕上，黄仁勋展示了不同形态、不同用途的机器人，它们被集中展示在分层舞台上：从人形机 器人、双足与轮式服务机器人，到工业机械臂、工程机械、无人机与手术辅助设备，展现出一版"机器 人生态图景"。 新浪科技讯 1月6日上午消息，一年一度的CES展会期间，黄仁勋在英伟达新品发布会上表示，机器人 系统的下一个时代将是机器人时代，在现场，黄仁勋带来了电影星球大战中的B ...

来源：亿欧汽车 截至2025年12月16日，地平线的市值达到了1260亿港元，比上市首日的峰值整整高出了600亿港元，市 值增幅超过90%。 "无论是发行规模还是估值水平，这都是过去三年来中国科技公司在香港乃至全球市场中最大的一笔 IPO。" 时至今日，余凯这句话的含金量依然在上升。 如今，地平线正在下一盘名为"生态"的大棋，第一次堂而皇之展露了打造生态的雄心。正如余凯所言， 地平线要做Robotics时代的Horizontal Platform，倡导开放共赢、全维利他。 本文首发于亿欧汽车 作者｜郝秋慧 2024年10月24日，地平线在港股上市。 用创始人余凯的话讲，地平线是一家非典型的芯片企业，上市招股书里无一"芯片"的字眼，取而代之的 是"处理硬件"。 彼时地平线"处理硬件"的出货量已超过700万套。 上市当天，地平线开盘价报5.12港元，大涨28.32%，总市值超660亿港元，高于此前620亿元的估值。 截至2025年12月16日，地平线的市值达到了1260亿港元，比上市首日的峰值整整高出了600亿港元，市 值增幅超过90%。 尽管余凯对上市一事自嘲道，"狗屎运"是核心竞争力之一。 因为地平线于202 ...

Core Viewpoint - The company, Lianyu Co., Ltd. (001326.SZ), has clarified that its affiliate, Luoyang Aowei, has not yet established direct cooperation with Tesla Robotics. The company aims to leverage its core technology and mass production advantages to enhance collaboration within the industry chain and steadily expand its business in the robotics sector [1]. Group 1 - Luoyang Aowei will continue to utilize its core technology and mass production capabilities to deepen collaborative innovation with upstream and downstream partners in the industry [1]. - The company plans to leverage its extensive experience in manufacturing and its comprehensive global sales network to empower Aowei, facilitating its entry into international markets [1]. - The focus is on seizing growth opportunities in the robotics era through strategic partnerships and innovation [1].

Core Viewpoint - The company, Lianyu Co., Ltd. (001326.SZ), has clarified that its affiliate, Luoyang Aowei, has not yet established direct cooperation with Tesla Robotics, but aims to leverage its core technology and mass production advantages to expand its business in the robotics sector [1] Group 1 - Luoyang Aowei will continue to deepen collaborative innovation with upstream and downstream partners in the industry chain [1] - The company plans to utilize its extensive experience in manufacturing and its comprehensive global sales network to empower Aowei in opening international markets [1] - The focus is on seizing growth opportunities in the robotics era [1]

Core Points - The approval of Elon Musk's new long-term incentive plan at Tesla's annual shareholder meeting has sparked significant discussion, with a 75% support rate, potentially leading to stock earnings equivalent to 6.26 trillion RMB, setting a record in global business history [1][3] Group 1: Compensation Plan Details - The incentive plan spans 10 years and is structured around 12 tiered performance goals, requiring Tesla's market value to increase from 1.5 trillion USD to 8.5 trillion USD [3] - Key performance targets include delivering 20 million electric vehicles, acquiring 10 million active subscribers for fully autonomous driving services, mass-producing 1 million humanoid robots, and commercializing 1 million robot taxis, along with achieving a core profit target of 400 billion USD [3][4] - Musk must pay a corresponding price to unlock the stock options, which are subject to market fluctuations, and any unvested shares will expire if he ceases to be CEO within 7.5 years [3] Group 2: Market Context and Reactions - The potential earnings of 6.26 trillion RMB are comparable to the GDP of Henan Province in China for 2024 and double the annual GDP of Bangladesh, highlighting the extraordinary nature of this compensation [3] - Musk's history of overcoming seemingly impossible challenges, such as popularizing electric vehicles and reducing costs in space travel, has led shareholders to place immense trust in his ability to turn ambitious goals into reality [4] - There are ongoing debates regarding the feasibility of the performance targets, particularly concerning humanoid robots and robot taxis, which face technological, regulatory, and market acceptance challenges [4]

Core Points - Liu Qiangdong, founder and chairman of JD Group, returned to the World Internet Conference after eight years, emphasizing the importance of reducing logistics costs in China through organized delivery and automation [2][10] - He highlighted that the average logistics cost in China was 14.1% of GDP last year, with goods being moved approximately five times before reaching consumers, compared to 7.2 times in 2007 [11][12] - Liu projected that with advancements in artificial intelligence and robotics, logistics costs could drop to below 10% of GDP within five years, significantly enhancing corporate profits and consumer confidence [2][12] Logistics and Automation - Liu stated that the high logistics costs in China stem from disorganized movement of goods, which leads to inefficiencies and resource wastage [11][12] - He announced plans for JD to establish the world's first fully automated delivery station by April next year, where robots will handle all loading tasks [14] - The company has been actively investing in embodied intelligence technologies, completing over six investments in the past five months, covering various aspects of robotics and automation [9] Future Work and Economic Impact - Liu addressed concerns about job losses due to automation, suggesting that new services will emerge in a digital society, potentially allowing for reduced working hours [3][15] - He proposed that governments could tax monopolistic tech companies heavily to support those without jobs and enhance public services [16] - The future vision includes a significant growth in the tourism market, driven by technological advancements, which could create new employment opportunities [15]

Core Viewpoint - JD Logistics has achieved warehouse automation through 10 years of technological accumulation, with plans to establish the world's first fully automated delivery station by April next year [1][2]. Group 1: Technological Advancements - JD Logistics has successfully implemented warehouse automation, with over 700,000 kilometers of internal testing for unmanned trucks and millions of kilometers for last-mile delivery vehicles [2]. - The company plans to purchase 3 million robots, 1 million unmanned vehicles, and 100,000 drones over the next five years to enhance its logistics supply chain [2][3]. - The development of high-density solid-state batteries is expected to trigger a new wave of growth in the robotics and drone industries [2]. Group 2: Employment and Job Creation - Automation will not conflict with employment; instead, it will free workers from heavy labor and create new job opportunities [2][3]. - Future employees may only need to work one day a week or even one hour, as automation reduces the physical demands of their roles [2]. - The development of technology will lead to new demands and services, potentially increasing the global tourism market tenfold in the next five years [3]. Group 3: Logistics Cost Reduction - JD's entry into the logistics sector aimed to reduce China's high social logistics costs, which were significantly above those in developed countries due to disorganized cargo movement [4][5]. - The company believes that social logistics costs as a percentage of GDP can decrease from over 14% to below 10% within five years [5]. - In 2007, the logistics cost in China was over 18% of GDP, while developed countries had logistics costs between 6% and 8% [4][5]. Group 4: Future Projections - If logistics costs can be reduced to 6%, it could save enterprises trillions of yuan in net profits annually, fostering technological advancement and better employee compensation [5]. - JD Logistics has built a national logistics network with over 3,600 warehouses and more than 660,000 frontline employees as of June 2025 [5].

Group 1: Key Insights from Liu Qiangdong's Speech - Liu Qiangdong emphasized the positive impact of robots on employment, suggesting that technology will free humans from tedious tasks and create new demands, services, and jobs, potentially reducing work hours significantly in the future [1] - He announced that JD Logistics will establish the world's first unmanned delivery station by April next year, featuring drones, unmanned vehicles, and robotic arms for cargo handling [1] - JD Logistics plans to procure 3 million robots, 1 million unmanned vehicles, and 100,000 drones over the next five years to enhance its logistics supply chain [1] Group 2: Market Growth and Trends - Morgan Stanley's report forecasts that China's robot market will grow from $47 billion in 2024 to $108 billion by 2028, with a compound annual growth rate (CAGR) of 23% [2] - Drones, mobile robots, and collaborative robots are expected to be the main growth drivers, with respective CAGRs of 20%, 35%, and 46% [2] - Solid-state batteries are crucial for the growth of robots and drones, offering higher energy density and safety, although challenges remain in achieving mass production due to low yield rates and immature supply chains [2] Group 3: Logistics Cost Insights - Liu Qiangdong highlighted that China's social logistics costs were over 18% of GDP in 2006, compared to 6%-8% in developed countries, indicating significant inefficiencies and resource wastage [3] - In 2022, China's social logistics costs were reported at 14.1%, and reducing this to 6% could save enterprises trillions in net profits annually, fostering technological advancement and better employee compensation [3] - The company predicts that with advancements in AI and robotics, China's logistics costs as a percentage of GDP could drop below 10% within the next five years, potentially accelerating progress compared to the past decade [3]

Core Viewpoint - Liu Qiangdong emphasizes the importance of reducing logistics costs in China to enhance corporate profits and stimulate economic growth through technological advancements and improved employee compensation [1][3] Group 1: Logistics and Economic Impact - High logistics costs in China lead to resource wastage and diminish corporate profits, suggesting that lowering these costs could create a positive economic cycle [1] - The potential for technological progress in the next five years is expected to surpass the achievements of the past decade, particularly in logistics automation [1] Group 2: Automation and Workforce - JD has replaced 90% of manual labor with robots in its sorting center in Beijing and plans to establish the world's first fully automated delivery station by April next year [3] - The company believes that the rise of robots will not eliminate human jobs but will instead free people from tedious tasks and create new demands in areas like arts and exploration [3] Group 3: Technological Development and Regulation - Liu Qiangdong notes that technological advancements historically lead to wealth concentration, suggesting that governments could impose "monopoly taxes" on dominant tech firms to fund public services [3] - The company reassures that the digital age will not lead to job loss or fairness issues, as many current situations are expected to change [3]

Core Viewpoint - The article emphasizes that Tesla's Q3 earnings call is not just a financial report but a declaration of a second automotive revolution led by Elon Musk, particularly focusing on the advancements in Full Self-Driving (FSD) technology [2]. Group 1: Market Perception and Misunderstanding - Many investors react to headlines without thorough analysis, leading to stock price declines based on superficial interpretations of earnings reports [5]. - The focus on "profits below expectations" overshadowed significant advancements in FSD, which Musk claims has reached a safety level far exceeding that of human drivers [5][9]. Group 2: Technological Advancements - Musk's confidence in FSD's safety surpassing human levels indicates a pivotal moment in Tesla's technological journey, moving from past failures to a promising future [7]. - Tesla's AI strategy has shifted to "end-to-end" learning and "pure vision" systems, which are crucial for achieving true autonomous driving [7]. Group 3: Future of Autonomous Driving - The ultimate goal of autonomous driving is not merely to eliminate accidents but to achieve a safety rate significantly lower than that of human drivers, which Musk asserts FSD has already accomplished [9]. - By Q2 2026, Tesla plans to mass-produce vehicles without steering wheels or pedals, marking a transformative shift in the automotive industry [12]. Group 4: Business Model Transformation - As FSD becomes reliable, Tesla's vehicles will evolve into "mobile intelligent nodes," fundamentally changing the company's business model from car manufacturing to creating a network of autonomous vehicles [11]. - The concept of Robotaxi is transitioning from a distant vision to an imminent reality, allowing vehicles to generate income while parked [14]. Group 5: Market Dynamics and Investment Strategy - The market may initially fail to grasp the significance of these advancements, leading to continued volatility based on short-term profit reports [16]. - Investors who engage deeply with the material and understand the underlying logic can position themselves advantageously ahead of market movements [16][17]. Group 6: The 2026 Milestone - The year 2026 is projected to be a landmark year for Tesla, representing a rebirth of the automotive industry characterized by intelligence rather than traditional metrics like horsepower or fuel efficiency [23].