新浪科技讯 1月8日下午消息，在今日的一场沟通会上，小鹏汽车董事长、CEO何小鹏向《次世代车研 所》等表示，过去3年，AI变化太猛烈，小鹏探索AI也怀疑过AI ，过程非常艰难，期间也调整过组织转 型，算法逻辑推导等，浪费了很多钱和时间，但去年年底他感觉到震惊，因为基础做好后会看到很多可 能性和变化。 何小鹏表示，过去软件改变汽车的范畴有限，但是现在看到了新机会，AI+汽车将改变人们的出行方 式，改变很多生活逻辑。"以前的辅助驾驶都是L2，但是当所有场景、能力都走通之后，可能你真的不 想自己开车了。" 责任编辑：何俊熹 新浪科技讯 1月8日下午消息，在今日的一场沟通会上，小鹏汽车董事长、CEO何小鹏向《次世代车研 所》等表示，过去3年，AI变化太猛烈，小鹏探索AI也怀疑过AI ，过程非常艰难，期间也调整过组织转 型，算法逻辑推导等，浪费了很多钱和时间，但去年年底他感觉到震惊，因为基础做好后会看到很多可 能性和变化。 责任编辑：何俊熹 何小鹏表示，过去软件改变汽车的范畴有限，但是现在看到了新机会，AI+汽车将改变人们的出行方 式，改变很多生活逻辑。"以前的辅助驾驶都是L2，但是当所有场景、能力都走通之后，可能你真 ...

转自：智通财经 长期以来，30万-50万中大型豪华轿车市场被BBA的"56E"牢牢占据，堪称传统豪华的"核心腹地"。但在 产业变革浪潮下，这一格局被彻底打破：2025年11月，享界S9T成功跻身该细分市场销量前四，在新能 源阵营中更是登顶榜首。核心原因在于，传统豪华品牌在"AI+"跨界融合、辅助驾驶等新赛道转型滞 后，导致高端智能新能源车型供给缺口明显，而享界的出现恰好填补了这一空白，为消费者提供了更贴 合时代趋势的高价值选项。 岁末回望，汽车产业的2025年注定被铭记。作为国民经济支柱产业、工业经济稳增长的"压舱石"，这一 年的行业变革波澜壮阔：新能源汽车整体渗透率首破50%、AI+行动下汽车产业跨界融合大势、因L3迈 向量产应用而被瞩目的自动驾驶进展等诸多新技术加速上车...... 在这场深刻的产业变革中，中国豪华汽车市场正经历着价值体系的重构，而鸿蒙智行旗下的享界品牌， 恰似一束逐光而行的新力量，在传统BBA主导的市场中开辟出全新赛道，推动"SBBA"四强格局从概念 走向现实，为中国品牌高端化写下了生动注脚。 豪华市场重塑，产业变革与消费觉醒的双向奔赴 中国豪华汽车市场的格局洗牌，是产业转型与消费迭代同 ...

岁末回望，汽车产业的 2025年注定被铭记。作为国民经济支柱 产业、 工业经济稳增长的 "压 舱石"，这一年的行业变革波澜壮阔： 新能源汽车整体渗透率首破 50%、AI+行动下汽车产业 跨界融合大势、因L3迈向量产应用而被瞩目的自动驾驶进展等诸多新技术加速上车...... 在这场深刻的产业变革中，中国豪华汽车市场正经历着价值体系的重构，而鸿蒙智行旗下的享 界品牌，恰似一束逐光而行的新力量，在传统 BBA主导的市场中开辟出全新赛道，推 动"SBBA"四强格局从概念走向现实 ， 为中国品牌高端化写下了生动注脚。 豪华市场重塑， 产业变革与消费觉醒的双向奔赴 中国豪华汽车市场的格局洗牌，是产业转型与消费迭代同频共振的现象。 2025年新能源汽车 渗透率首破50%的行业里程碑，智能电动化已从"可选赛道"变为"必争之地"，这一趋势在豪 华市场尤为显著。《2025胡润中国高净值人群品质生活报告》显示， 中国高净值人群对中国 电车新势力品牌的青睐度已达 35%，首次超越德系BBA的34%，标志着豪华市场的品牌偏好 发生历史性逆转，用户开始挣脱传统品牌光环的束缚，转向更具价值感的选择。 长期以来， 30万-50万中大型豪华轿 ...

为推动技术协同与合作落地，大会同期举办"AI大模型·新智驱"专题座谈会，新紫光集团、科大讯飞等 近20家生态企业代表与北汽研究总院、北汽产投核心团队，围绕AI大模型在汽车产业的前瞻应用、产 业链协同需求等关键议题展开深度研讨。现场举行的多项签约与发布仪式，成为北汽科创生态协同发展 的生动实践。 当前，汽车产业正处于新一轮科技革命与产业变革的交汇点，智能化、新能源成为核心发展方向。作为 我国汽车工业的骨干力量，北汽集团积极发挥产业引领作用。 近日，北汽集团科创投资生态论坛暨北汽产投生态伙伴大会在北京举行。来自产业界、投资界、科技领 域的200余位生态伙伴齐聚一堂，以"聚变而升"为主题，围绕新质生产力培育、汽车产业智能化绿色化 转型等核心议题，搭建起技术交流、资本对接、合作共赢的高端平台，为中国汽车产业高质量发展凝聚 共识、汇聚力量。 据北汽方面介绍，本次论坛是北汽产投深化生态布局、赋能产业升级的关键举措，既集中展现了北汽与 生态伙伴在核心技术领域的前沿成果，更释放出以资本为纽带、以技术为核心、以生态为载体的开放发 展信号。 北汽集团副总经理刘宇为大会作开场致辞，北汽产投作为北汽集团产业投资与资本运作平台，肩负在 ...

Core Viewpoint - The report from China Merchants Securities International indicates a weakening in wholesale numbers for some domestic car manufacturers in November, with a forecasted year-on-year decline of 8.7% in retail sales of passenger vehicles due to high base effects and reduced subsidies impacting the industry in Q4 [1] Automotive Sector Summary - The overall retail sales of passenger vehicles in November are expected to remain flat month-on-month but show a significant year-on-year decline [1] - China Merchants Securities International suggests that market sentiment is currently very pessimistic, indicating a potential opportunity for forward-looking investments [1] Stock Recommendations - The firm recommends Geely Automobile as the top pick due to high earnings certainty and undervaluation, with a target price of HKD 32 [1] - BYD and Xpeng Motors are also recommended with target prices of HKD 130 and HKD 115 respectively [1] - In the automotive parts sector, Minth Group and Fuyao Glass are recommended with target prices of HKD 42 and HKD 86 respectively [1] - All five stocks are rated as "Buy" [1] Long-term Outlook - The company maintains a positive long-term outlook on the "AI + Automotive" and "AI + Robotics" sectors, highlighting potential catalysts in Q1 of the following year, including the IPO of Yushutech and the release of Tesla's third-generation robot [1] - Recommended stocks in the AI sector include Youbixuan, Horizon Robotics, and Hesai Technology, with target prices of HKD 172, HKD 13.8, and USD 28 respectively, all rated as "Buy" [1] - The report also includes a recommendation for Extreme Wisdom [1]

Core Viewpoint - The report from China Merchants Securities International indicates that the decline in sales for some Chinese automakers in November was expected, and it suggests forward-looking investments in quality stocks, particularly recommending Geely Automobile as a top pick for its anticipated new models and strong export growth [1] Group 1: Automotive Manufacturers - Geely Automobile (00175) is highlighted as a primary recommendation, with expectations of around 10 new models driving domestic sales and maintaining high export growth next year [1] - Other recommended stocks include BYD (002594) and Xpeng Motors-W (09868) [1] Group 2: Auto Parts and Components - The report recommends Minth Group (00425) for its entry into humanoid robots and low-altitude economy sectors, indicating new market opportunities [1] - Fuyao Glass (600660) (03606) is also recommended due to its strong positioning within the industry chain and stable growth prospects [1] Group 3: Robotics and Autonomous Driving - The report notes a general decline in stock prices for companies in the robotics and autonomous driving sectors, attributed to the broader AI industry trends [1] - Long-term prospects remain positive for AI applications in automotive and robotics, with recommendations for companies such as UBTECH Robotics (09880), Horizon Robotics-W (09660), Hesai Technology-W (02525), and DeepRobotics-W (02590) [1]

Core Viewpoint - The release of the Cyrus Magic Cube Technology Platform 2.0 marks a significant upgrade aimed at establishing the brand as a leader in high-end and intelligent vehicles in China, focusing on high safety, reliability, performance, quality, and value for users [1][19]. Group 1: Technology and Innovation - The new platform emphasizes AI-driven smart electric vehicles, enhancing smart energy, intelligent chassis, EEA architecture, and smart space [1][3]. - The platform integrates advanced AI capabilities to create a more emotional, intelligent, safe, and reliable mobile companion [3]. - The platform's architecture has evolved from distributed regional control to a centralized control system, supporting large model applications and end-to-end evolution [10]. Group 2: Product Features and Performance - The smart range-extended electric technology solution offers high integration with a high-voltage architecture, ensuring optimal vehicle operation and energy efficiency [6]. - The intelligent chassis features include road preview and curve prediction technologies, enhancing safety and comfort through dual backup systems [8]. - The platform supports multiple vehicle types and flexible production, allowing for a wide range of configurations and use cases [12]. Group 3: Safety and User Experience - The brand prioritizes safety as the ultimate luxury, implementing a comprehensive intelligent safety system covering life protection, vehicle body protection, health care, and privacy protection [15][14]. - The company has developed a robust testing system with over 100,000 test cases to ensure high reliability and user satisfaction [17]. - The brand has achieved significant user engagement, with over 900,000 cumulative users and leading sales in its vehicle segments [19][21]. Group 4: Future Outlook - The company aims to continue user-centric development through deep collaboration with strategic partners, focusing on innovation and rapid product iteration in the AI and automotive sectors [21].

Core Insights - The smart connected vehicle industry in China is transitioning from a technology exploration phase to a critical period of large-scale development, with significant advancements in autonomous driving technology and vehicle-road collaboration [1] - The integration of AI into the automotive sector is reshaping the industry landscape, moving from hardware-driven to software-defined vehicles, which is expected to enhance the overall value chain [2][3] Group 1: Industry Development - China's smart connected vehicle industry is propelled by a combination of policy support, market drive, and technological breakthroughs, allowing it to transition from a follower to a leader in the global market [2] - The industry is experiencing a transformation where AI is fundamentally reshaping the underlying logic of the industry, product value models, and user experience ecosystems [2][3] Group 2: Technological Advancements - The year 2025 is anticipated to be a turning point for the commercialization of AI in the automotive sector, marking a shift from experimental scenarios to large-scale implementation [3] - Companies are developing differentiated strategies for smart connected technologies across various vehicle models, with L2-level assisted driving becoming standard [6] Group 3: Collaboration and Ecosystem - The development of smart connected vehicles is viewed as a collaborative effort rather than a competitive sprint, emphasizing the importance of open cooperation and innovation [7][8] - Industry leaders are advocating for a national-level collaborative innovation platform to address challenges such as technology barriers and standardization issues [8][9] Group 4: Market Opportunities - The automotive industry is expected to see a shift in business models, with potential monthly subscription services for autonomous driving as L4/L5 technologies mature [4] - The integration of AI capabilities across different scenarios and devices is projected to create vast opportunities within the automotive ecosystem [3]

Core Viewpoint - The global automotive industry is undergoing a profound transformation driven by artificial intelligence technology, with the "AI + automotive" trend accelerating and reshaping the industry landscape [1][2]. Group 1: Industry Transformation - The automotive value chain is shifting from hardware-dominated to software-defined, with software and content services becoming significant value increments [1]. - By 2030, the expected value distribution of automotive products will be 40% hardware, 40% software, and 20% content services [1]. - The automotive industry is rapidly entering an era of deep AI exploration, evolving from "AI + automotive" to "mobile intelligent entities" [1][2]. Group 2: Technological Advancements - AI technology is upgrading the architecture of intelligent connected vehicles from "single vehicle intelligence" to "collaborative intelligence" [2]. - The integration of vehicle, road, and cloud systems is becoming a new phase in the development of intelligent vehicles, enhancing the efficiency and reliability of data for autonomous driving AI model development [2]. - By 2030, L2 assisted driving is expected to become standard, with L3 and above autonomous driving adoption rates exceeding 10% [2]. Group 3: Safety and Security Challenges - The development of intelligent connected vehicles faces severe challenges related to network security, data security, and functional safety, with AI technology making cyberattacks more intelligent and accessible [3]. - Automotive companies must balance safety and development while adhering to stringent safety standards [4]. Group 4: Policy and Industry Support - The Chinese government is continuously improving the support system through policies and standards to facilitate industry development [4]. - The intelligent wave is reshaping the global automotive competitive landscape, with AI becoming a core variable for enterprise survival and development [4].

Core Insights - The 2025 World Intelligent Connected Vehicle Conference commenced in Beijing, highlighting the transformative impact of technological innovation on the automotive industry [1] - The chairman of Seres Group emphasized the need for a balance between safety and development while pursuing five major transformations in new vehicles: intelligent electric, digital space, intelligent connectivity, constant innovation, and travel partnership [1] Group 1: Industry Transformation - Rapid advancements in electrification, intelligence, connectivity, and sharing are driving a transformation in new vehicles, providing users with a novel driving experience [3] - The concept of proactive safety, likened to an "invisible guardian," addresses many safety issues associated with traditional vehicles, reinforcing the idea that safety is the ultimate luxury [3] Group 2: Safety Innovations - Seres Group has established a comprehensive intelligent safety system based on over 190 driving scenarios and 340 safety features, focusing on four key areas: life protection, vehicle body protection, health care, and privacy protection [3] - The company adheres to the principle that "no safety, no intelligence; no safety, no electrification; no safety, no luxury," continuously enhancing its intelligent safety framework [3] Group 3: Performance Metrics - As of now, the AITO Wenjie assisted driving system has accumulated nearly 3.8 billion kilometers, preventing over 2 million potential collisions and providing proactive services exceeding 200,000 instances [5] - The Wenjie M9 has become the first model to achieve over 4G in the C-IASI safety test, while the Wenjie M8 received the best overall score in the China Automotive Research "China Intelligent Vehicle Index" evaluation [5] Group 4: Future Outlook - The automotive industry is rapidly entering an era of deep exploration in AI, with Seres Group accelerating its exploration and layout to deliver a more emotional, intelligent, safe, and reliable travel experience for users [5]