The electric SUV maker's future hinges on scaling R2 production, even as widening losses test investors' patience.Rivian Automotive's (RIVN 1.71%) stock has been volatile in 2025, but shares have climbed back to the mid-teens recently as investors look ahead to a crucial new model cycle. The electric vehicle maker, best known for its R1S SUV and R1T pickup, is still early in its life as a public company, and its investment case hinges on scaling production while pushing unit costs lower.That's the backdrop ...

资讯编辑：王芳琴 021-66896877 资讯监督：乐卫扬 021-26093827 资讯投诉：陈跃进 021-26093100 零跑汽车今日正式宣布第100万台整车下线，标志着其成为中国第二家迈入"百万俱乐部"的新势力造车 企业。今年1-8月，零跑累计交付量突破32万台，持续领跑中国新势力品牌销量榜，月销量已连续6个月 稳居新势力榜首。 ...

9月24日，零跑汽车宣布第100万台整车正式下线。2024年10月17日，零跑汽车第50万台整车下线；2025 年9月25日，第100万台下线，用时不足一年，创下新势力品牌的最快速度，增速超理想汽车，达成时间 提前小鹏汽车和蔚来汽车。（上证报） ...

Core Viewpoint - Tesla Inc. is actively promoting its board recommendations to shareholders through advertisements on various social media platforms ahead of the upcoming shareholder meeting in November [1][2]. Group 1: Advertising Campaign - Tesla is running ads on platforms including Meta (Facebook and Instagram), Reddit, and X (formerly Twitter), encouraging shareholders to vote in favor of the board's recommendations [2][3]. - The ads feature messages such as "The future of Tesla is in your hands" and "Build a better future Vote with Tesla," directing viewers to the website "votetesla.com" [3]. Group 2: Shareholder Vote Context - Elon Musk emphasized that the shareholder vote is not solely about his new compensation package, which could potentially make him the first trillionaire, but rather about maintaining control over Tesla [3][4]. - Musk expressed discomfort with the idea of being removed by activist shareholders who do not own shares in Tesla [4]. Group 3: Support for Musk's Leadership - Robyn Denholm, Chair of Tesla's Board, expressed strong support for Musk, labeling him a "once-in-a-generation visionary" and suggesting that Tesla could become the most valuable company under his leadership [5]. - Musk's compensation package has faced criticism from public figures, including Senator Bernie Sanders and Pope Leo, who highlighted concerns over income inequality and the disparity between CEO pay and worker wages [5]. Group 4: Company Performance Metrics - Tesla is noted to perform well in Momentum and Growth metrics, with satisfactory Quality ratings, but poor Value ratings. The company also shows a favorable price trend in the short, medium, and long term [5].

Investment Rating - The report does not provide specific investment recommendations for individual companies or suppliers in the intelligent driving sector [4][9]. Core Insights - 2025 is identified as a pivotal year for automotive intelligence, with a projected increase in domestic electrification penetration rates to 50%-80% over the next three years, leading to a reshaping of the automotive landscape [4]. - Major intelligent driving manufacturers have successfully implemented complex urban NOA (Navigation on Autopilot) experiences, enhancing high-level functionalities such as parking and scene understanding [4]. - The report evaluates the intelligent driving experiences of ten manufacturers, including XPeng, NIO, and Tesla, through both large sample and small sample road tests, focusing on various dimensions such as scene implementation and comfort [4][9]. Summary by Sections Road Test Overview - The report includes both large sample concentrated road tests and small sample deep road tests to assess the performance of intelligent driving systems [8][27]. - The large sample tests involved approximately 50 participants testing various models along a standardized route, while the small sample tests were conducted by the same evaluators under similar conditions [9][27]. Intelligent Driving Models Tested - The models tested in September 2025 include XPeng P7, NIO ES8, and Tesla Model 3, among others, with specific versions noted for each [10][11]. Performance Evaluation - Compared to Q1 2025, Q3 2025 shows improvements in intelligent driving capabilities across all manufacturers, with a narrowing gap between the leading and following manufacturers [4]. - The report highlights that new entrants in the self-research sector are showing promising performance, with significant iterations expected in the coming months [4]. Specific Model Insights - XPeng's XOS 5.7.7 demonstrated excellent performance with an average takeover frequency of 1.51 times, showcasing strong capabilities in complex scenarios [34]. - The NIO ES8 with cedar model achieved an average takeover frequency of 2.03, indicating robust performance in urban environments [43]. - Tesla's FSD version 13.2 recorded a higher average takeover frequency of 5.73, suggesting areas for improvement in its intelligent driving capabilities [49]. Technical Developments - The report notes advancements in hardware and software across various manufacturers, with many now utilizing self-developed chips and algorithms [26][24]. - Specific improvements in driving comfort and efficiency were reported, with some models achieving significant enhancements in user experience metrics [22].

小米汽车正计划动态优化车辆交付周期，大幅缩短从预定到提车的时间。相关小米销售称，“小米汽车APP将于今日下午完成升级。此前交付周期每次调整幅度多在1-2周，而本次APP升级后，将可以看到，部分车型有望较原定周期提前6周，最多可以较原定周期提前2个月。”据前述销售人员透露，小米汽车交付提速的核心原因在于产能的快速攀升，其上月交付量已达到3.65万台。（蓝鲸财经） ...

Product Development - Tesla is developing a new prototype for a cheaper electric vehicle [1] - The company aims to make EVs more affordable [1]

每经AI快讯，9月25日，零跑汽车官方微博宣布，第100万台整车正式下线。 ...

消息面上，近日有关宁德时代的利好消息迭出。 原料供应方面，据中国有色金属工业协会锂业分会9月24日披露，受宁德时代旗下枧下窝锂矿停产影 响，以锂云母为原料的碳酸锂生产受阻，2025年8月全国锂盐产量出现显著环比下滑，碳酸锂、氢氧化 锂及折合碳酸锂当量（LCE）产量均录得两位数或接近两位数降幅。 9月25日早盘，锂电龙头宁德时代A股盘中股价一度突破400元关口，截至午间收盘，宁德时代AH股双 双涨超4%，股价均创历史新高，总市值首次突破1.83万亿元，超越贵州茅台1.80万亿元、建设银行1.79 万亿元的总市值，暂居A股第三。 技术创新方面，近日多则传闻称，宁德时代计划于2026年推出新一代8系高镍电池，该产品将率先搭载 在零跑、小米等头部新势力的增程车型上，容量可达80度电，剑指增程车续航升级的核心需求。21财经 ·南财快讯记者尝试致电宁德时代进一步确认，截至发稿暂未获接通。 此外，奇瑞汽车（9973.HK）今日在港股上市，涨幅一度超13%，截至午间收盘，报33.38港元/股，涨 8.55%，总市值超1900亿港元。21财经·南财快讯记者梳理公告信息发现，宁德时代全资持股的一家子公 司位列其港股IPO前的18 ...

启境品牌继续有大动作。 广汽集团董事长、总经理冯兴亚更表示，广汽将把启境置于最高优先级，集中优势资源保障启境品牌的长期发展。据了解，启境汽车将全系搭载华为乾崑 最先进的智能技术。华为在辅助驾驶、智能座舱、用户生态和品牌营销方面的强大实力，结合广汽在三电技术与整车制造领域的专长，双方优势互补、紧 密协作，共同为启境品牌注入强大竞争力。 官方资料显示，刘嘉铭长期在广汽丰田、广汽集团工作，拥有超过25年汽车行业经验，涵盖汽车销售、产品规划、投资战略以及技术管理等多个领域，在 广汽丰田期间曾主导汉兰达、凯美瑞等明星产品的企划工作，并在销售领域推行"构造改革"。他具备跨领域工作及系统化经验，并善于在跨文化环境中资 源整合。 此前，在启境汽车启航仪式上，"启境"品牌正式官宣。该品牌由广汽集团与华为乾崑联合打造，定位为高端智能新能源汽车品牌。 继品牌正式官宣后，启境品牌CEO也正式上任。 近日，在华为轮值董事长徐直军、广汽集团董事长冯兴亚的共同见证下，刘嘉铭被任命为"启境"品牌首席执行官（CEO），全面负责品牌战略、产品规 划、市场拓展和运营管理等工作。 据华望汽车一名内部人士称，后续启境新任CEO会针对业界关注的一些话题 ...