来源：雷军公众号 今天，我们迎来了小米汽车史上一个重要的里程碑：第50万辆汽车下线。 这也标志着，小米汽车得到了广大消费者的认可，到了一个新的规模化阶段。小米SU7 成为过去一年 20万以上的轿车销量冠军；小米YU7，7月份开始交付，上个月，成为了所有 SUV 的销量冠军，无论能 源形式，还是价钱，这也是在中国市场最近几年来，第一辆能够超过 Model Y 的车型。 今年年初我们提出了今年的交付目标是 30 万辆，今年 3 月，我们调高到 35 万辆，预计本周，我们就提 前完成全年任务。目前我们最新的预估：2025年全年预计交付将超过40万辆。 小米汽车能够取得今天的一系列成绩，离不开各方面的支持。 首先，要感谢所有用户朋友对小米汽车的信赖和支持。50万台小米汽车，背后是50万份车主朋友的信 任。尤其是，很多在发布会结束后第一时间盲订、锁单的车主朋友们。每一份信任，对我们来说，都弥 足珍贵，我们一定会持续不断地努力。 还有，要感谢所有合作伙伴。尤其是供应商伙伴的支持。产能爬坡，是一项极其浩瀚的工程，需要供应 链上下游共同努力才能完成。供应商伙伴凭实力，让中国汽车产业得以飞速发展，与产业链上最优秀的 供应商伙伴 ...

Group 1: Market Growth and Trends - The automotive electronic architecture (E/E architecture) is rapidly evolving, leading to significant growth in the domain controller (Domain Controller) and zone controller (ZCU) markets, with the domestic domain controller market expected to reach 47.6 billion yuan by 2027, reflecting a compound annual growth rate (CAGR) of 58% from 2023 to 2027 [1] - The ZCU and body domain controllers are anticipated to be key competitive areas, with the domestic ZCU market projected to reach 28 billion yuan and the body domain controller market expected to reach 19.6 billion yuan by 2027 [1] - Enhanced Advanced Driver Assistance Systems (ADAS) features and smart cockpit and infotainment functionalities are primary drivers of the rapid growth in the domain controller market, significantly improving vehicle technology and user experience [1] Group 2: Supplier Relationships and Industry Dynamics - The evolution of automotive E/E architecture is profoundly impacting the supply relationships between automakers and automotive electronics suppliers, shifting the core competitiveness of automakers from mechanical manufacturing to a focus on software and algorithms [2] - Two potential collaboration models are emerging between automakers and Tier 1 suppliers: one where Tier 1 handles the hardware design and production of domain controllers and middleware software, and another where Tier 1 collaborates with chip manufacturers to develop and sell central domain controllers to automakers [2] - The continuous growth of the domain controller market presents new development opportunities for industry chain enterprises, including Tier 1 suppliers [2] Group 3: Company Positioning and Product Development - O-Film, a leading player in the optical and optoelectronic industry, has entered the smart automotive sector since 2015 and has secured supplier qualifications from over 20 domestic automakers [2] - The company has structured its smart automotive business into three segments: intelligent driving, body electronics, and smart cockpit, aligning with industry trends of domain concentration and integration [2] - O-Film is developing a comprehensive product line in intelligent driving systems, including onboard cameras, lenses, LiDAR, and automated parking domain controllers, to support higher levels of autonomous driving [3] Group 4: Technological Advancements and Integration - In the body electronics sector, O-Film has a strong technical foundation in hardware and software, with its BCM/BGM body domain control products showcasing high integration and leading technology levels in China [3] - The company adheres to an open and shared principle, providing high-standard software while manufacturing its hardware, resulting in cost advantages and attracting a broad customer base [3] - O-Film is also focusing on the smart cockpit area, developing optical sensors and dashboard products, including driver monitoring and passenger monitoring systems for facial recognition and fatigue detection applications [3] Group 5: Future Outlook - The domain-centric E/E architecture is expected to dominate the automotive E/E architecture landscape for a considerable time, with domain controllers becoming increasingly central to the automotive industry chain [4] - O-Film is intensifying its efforts in the smart automotive business across R&D, sales, and production, leveraging its strong R&D capabilities and automated manufacturing processes to drive rapid revenue growth in smart automotive-related sectors [4]

IT之家 11 月 20 日消息，小米集团 11 月 19 日晚发布公告宣布，公司根据 2023 年股份计划奖励合共 29366734 奖励股份予 3334 名选定 参与者，包括集团雇员及服务供应商。 以小米集团当日的港股收盘价每股 38.82 港元测算，本次授予股份的总价值约 11.4 亿港元（IT之家注：现汇率约合 10.41 亿元人民 币），平均每名选定参与者 34.19 万港元（现汇率约合 31.2 万元人民币）。 此外，小米香港根据 2024 年小米香港股份计划授出合共 496300 份小米香港购股权予 3 名为小米香港集团雇员的小米香港选定参与 者。 据IT之家此前报道，小米集团第三季度营收 1131.2 亿元人民币，同比增长 22.3%，预估 1125 亿元人民币；经调整净利润为人民币 113 亿元，创历史新高，同比增长 80.9%。 业务分部来看，2025 年第三季度，小米集团手机 ×AIoT 分部收入为人民币 841 亿元，同比增长 1.6%；小米集团的「智能电动汽车及 AI 等创新业务」分部收入为人民币 290 亿元，创历史新高，同比增长 199.2%。 ...

Core Viewpoint - The article emphasizes that Xiaomi's growth is under pressure due to the tightening of subsidies and increased competition in its traditional business, particularly in smartphones and IoT, while the automotive business shows potential but faces challenges ahead [11][12][24]. Overall Performance - Xiaomi Group reported total revenue of 113.1 billion RMB for Q3 2025, a year-on-year increase of 22.3%, primarily driven by the automotive business [6][27]. - Traditional business (smartphones and AIoT) revenue grew only 1.6% year-on-year, indicating weak performance in hardware sales [27][30]. - Gross margin improved to 22.9%, supported by the automotive business, while smartphone margins declined due to intensified competition [30][31]. Automotive Business - The automotive segment generated 29 billion RMB in revenue, with a shipment of 109,000 units and an average selling price of 260,000 RMB [6][35]. - The automotive business achieved a gross margin of 25.5%, although it slightly decreased from the previous quarter due to a reduction in the share of high-margin models [38][39]. - The core operating profit for the automotive business was 680 million RMB, marking its first profitable quarter [7][67]. Smartphone Business - Xiaomi's smartphone revenue was 46 billion RMB, down 3.1% year-on-year, reflecting the impact of subsidy reductions and increased competition [42][44]. - Smartphone shipments increased by 0.5% year-on-year, but the average selling price fell by 3.6% due to a higher proportion of low-cost models sold [44][46]. - The smartphone gross margin dropped to approximately 11.1%, influenced by rising component costs and market competition [48][23]. IoT Business - The IoT segment reported revenue of 27.6 billion RMB, a year-on-year increase of 5.6%, significantly lower than previous quarters due to subsidy reductions affecting large appliances [51][18]. - The gross margin for IoT products was 22.9%, benefiting from a higher proportion of sales in more profitable categories [52][53]. Internet Services - Internet services revenue reached 9.4 billion RMB, growing 10.8% year-on-year, primarily driven by advertising services [56][60]. - Advertising revenue was 7.2 billion RMB, up 16.1%, while value-added services saw a slight decline [56][66]. Overseas Market - Overseas revenue was 40.1 billion RMB, a slight decrease of 0.2%, with internet services growing by 19.1% to 3.3 billion RMB [60][62]. - Hardware sales in overseas markets continued to show weakness, reflecting a challenging demand environment [60]. Profitability - The core operating profit for the quarter was 6.7 billion RMB, with a core operating profit margin of 5.9%, impacted by declining smartphone margins and increased expenses [67][66]. - Traditional business core operating profit was approximately 6.03 billion RMB, while the automotive segment contributed 680 million RMB [67][66].

L3级辅助驾驶落地正在提速。 车东西11月19日消息，就在昨晚，广汽昊铂官方宣布近期获得了"L3级特定场景自动驾驶道路测试"牌照（场景条件：车辆行驶在指定的自动驾 驶测试高速公路主路上，车速≤120千米/小时）。 ▲广汽昊铂宣布获L3高速测试牌照 随后在今天下午，广汽昊铂在社交媒体上发布了一段广汽昊铂A800 120km/h高速L3上路实测视频，根据广汽昊铂的介绍，广汽昊铂A800搭载 了华为乾崑智驾ADS 4，满足L3技术方案。 在今年9月17日，工业和信息化部装备工业一司发布了"公开征求《智能网联汽车 组合驾驶辅助系统安全要求》强制性国家标准的意见"（以下 简称《要求》），其中明确了组合辅助驾驶系统分级，对于L3级辅助驾驶系统（3级驾驶自动化系统）的定义为有条件自动驾驶系统，用户可 以在特定场景下完全从驾驶任务中脱离。 而目前，L3级辅助驾驶的发展明显提速，在法规与规模商用方面均在快速推进。 01. 中控屏幕按键开启L3 驾驶员双手可离开方向盘 根据广汽昊铂在社交媒体上的发文中显示，近期广汽昊铂获得了"L3级特定场景自动驾驶道路测试"牌照（场景条件：车辆行驶在指定的自动驾 驶测试高速公路主路上，车速≤12 ...

投稿 | lanxueziben（微信） 培训咨询顾问招募 | lanxueziben（微信） 莲花座上的俞老板和雷布斯 中国互联网的舞台上，从未缺少过充满争议与魅力的企业家角色。最近，两位"老将"——雷军与俞敏洪，几乎在同一时间陷入了舆论的漩涡。 这边厢，雷军连发数条微博，为其"一辆车，好看是第一位的"的言论辩护，反复强调这与"安全是基础、安全是前提"毫不矛盾。 那边厢，俞敏洪从南极发回一封情真意切的32周年致员工信，本想收获感动与激励，迎来的却是自家员工的犀利吐槽："你在南极潇洒，而我还在加班"。 两件事看似无关，却共同勾勒出一幅当下中国企业家与公众、与员工对话的典型图景。两位久经沙场的"老登"——这个带着些许戏谑却又并非全然恶意的 网络称呼，恰好捕捉了他们此刻的处境：他们是功成名就的"老"前辈，却在试图跨越代际与阶层的鸿沟，与新一代的公众和员工进行"登台"表演式的对话 时，显露出某种微妙的错位与尴尬。 01 雷军的"审美执念" 然而，他低估了汽车这一产品在公众心智中的特殊性。 与手机不同，汽车承载着更沉重、更不容有失的"安全"属性。它关乎生命。在过去几年，无论是国内外新能源汽车的自燃事件，还是一些知名品 ...

消息方面，今日，智能汽车计算芯片引领者黑芝麻智能，与全球光通信模块龙头中际旭创的全资子公司 智驰致远达成战略合作。双方将基于各自核心技术与产业资源优势，在光通信技术应用、汽车辅助驾 驶、具身智能终端、先进封装技术及产业链资本等领域展开深度协同，以"芯片+光模块"的技术融合为 核心，破解行业痛点，抢占下一代智能产业发展先机，为全球汽车与机器人产业智能化升级提供全新解 决方案。 今日截至13:48，机器人ETF(562500) 午后持续弱势震荡，当前跌幅为1.25%，处于日内低位徘徊。虽然 板块整体承压，但在73只持仓股中，仍有华中数控、巨轮智能等8只个股逆势上涨，不过下跌数量高达 65只。尽管市场调整，但ETF交投活跃，成交额已达7.31亿元，表明市场换手充分。值得关注的是，该 ETF在近两个交易日连续获得资金净流入超2.3亿元，显示出资金对板块回调后的配置价值认可。 （文章来源：每日经济新闻） 国金证券表示，具身智能是AI最强应用，而人形机器人则是具身智能最重要的方向之一。在电动化之 后，为代表的ROB0+赛道将重塑整个汽车产业链，成为最强产业趋势。在机器人领域，下半年可关注 新技术迭代及零部件门票行情。（1 ...

Core Viewpoint - The emergence of the "Qijing" brand, a collaboration between GAC Group and Huawei, signifies a strategic shift in the Chinese smart automotive market, emphasizing youthfulness and technology as key differentiators in a competitive landscape [2][4][5]. Group 1: Brand Development - The "Qijing" brand was born from a strategic meeting between GAC Group's chairman and Huawei's founder, where the need for a younger and more tech-oriented brand was emphasized [2]. - The brand aims to leverage Huawei's technological expertise and GAC's manufacturing capabilities to create a new category of high-end smart electric vehicles [4][30]. - The first model of "Qijing" is expected to launch in mid-2026, with significant anticipation surrounding its design and technological integration [20][21]. Group 2: Market Insights - The target demographic for "Qijing" includes young consumers, with 41.5% of internet users aged 20 to 29 already utilizing generative AI products, indicating a strong inclination towards technology [9]. - By 2025, the penetration rate of new energy vehicles in China is projected to exceed 52%, highlighting a significant shift towards smart and electric vehicles among younger consumers [10]. - The increasing popularity of smart vehicles among younger generations is evident, with 48.2% of new users of smart car apps being born in the 1990s and 2000s [10]. Group 3: Strategic Collaboration - The partnership between GAC and Huawei is characterized by a deep integration of their operations, moving beyond traditional client-supplier relationships to a collaborative model that enhances product development and marketing [12][13]. - Huawei's extensive experience in smart technology, combined with GAC's 28 years of automotive manufacturing expertise, positions "Qijing" to potentially disrupt the high-end electric vehicle market [17][30]. - The collaboration includes the implementation of Huawei's integrated product development and marketing services, ensuring that user needs are central to the product development process [13][14]. Group 4: Leadership and Management - Liu Jiaming has been appointed as the CEO of "Qijing," bringing over 25 years of automotive industry experience to lead the brand's strategic direction and market expansion [22][25]. - The leadership team is focused on creating a product that embodies technology, fashion, and sports elements, aiming for a strong market impact upon launch [21][29]. Group 5: Future Outlook - The upcoming launch of "Qijing" is anticipated to set a new standard for traditional manufacturing companies transitioning to smart technology, with expectations for it to become a model for future collaborations in the automotive industry [29][31]. - The competitive landscape for smart vehicles is expected to intensify by the time "Qijing" enters the market, but the combination of Huawei's technology and GAC's manufacturing experience may provide a unique advantage [30][31].

Core Viewpoint - The strategic cooperation agreement between Hezhima Intelligent and Jiangsu Zhichi Zhiyuan focuses on advancing optical communication technology applications in automotive and intelligent terminal sectors, enhancing autonomous driving capabilities, and developing AI industrial robot solutions [1][2]. Group 1: Strategic Cooperation Details - The agreement involves collaboration in four key areas: 1. Promoting the application of optical communication modules in automotive and intelligent terminal fields, and jointly developing optical-electrical co-packaging applications for next-generation vehicle central computing platforms [1]. 2. Developing auxiliary driving domain controller products based on existing automotive-grade auxiliary driving chips, targeting both passenger and commercial vehicles, covering multiple application scenarios from Level 2 and above [1]. 3. Creating AI industrial robot solutions suitable for various industrial production scenarios by combining the group's chip products with Zhichi Zhiyuan's diverse industrial production capabilities [1]. 4. Facilitating capital-level cooperation around automotive and intelligent terminal application scenarios and the upstream and downstream industrial chain to enhance industry application standards [1]. Group 2: Market and Growth Potential - The partnership aims to capture higher market share in the Level 2 and above auxiliary driving market by launching high-performance product solutions [2]. - The collaboration will accelerate the productization and commercialization of core technologies, opening new growth opportunities for the company [2]. - By working with a leader in optical communication modules, the partnership seeks to meet future demands for lower latency and higher data transmission rates in various scenarios [2].

黑芝麻智能公告，于2025年11月18日，黑芝麻智能科技有限公司与江苏智驰致远控股有限公司订立战略 合作协议。双方将致力于在汽车及具身智能终端的光通信技术应用、汽车辅助驾驶、先进封装技术及产 业链资本等领域开展合作。合作领域包括共同推动光通信模块在汽车及具身智能终端领域的应用，联合 开发面向下一代车载中央计算平台的光电共封装应用场景；基于现有车规级辅助驾驶芯片，共同开发适 用于乘用车与商用车的辅助驾驶域控制器产品；结合芯片产品与智驰致远及其集团的多元化工业生产能 力，共同开发适用于各类工业生产场景的人工智能(AI)工业机器人解决方案。 ...