Core Viewpoint - Xiaomi is advancing its automotive manufacturing by utilizing integrated die-casting technology, which significantly reduces the number of components and enhances safety, although it comes with higher costs [3][5][6]. Group 1: Manufacturing Technology - Xiaomi's automotive production employs one-piece die-casting, which allows for the simultaneous casting of over seventy traditional components [3][5]. - The integrated die-casting process improves the strength and safety of the vehicles produced [3][5]. - The material used for the die-casting is called Xiaomi Titan Alloy, which is developed in-house by Xiaomi [6]. Group 2: Equipment and Production - The entire die-casting area and equipment are also self-developed by Xiaomi, showcasing the company's commitment to innovation [6]. - The die-casting machines are manufactured by Haitan Casting, indicating a collaboration with external partners for specific production needs [6].

Ferrari said it expects revenue and earnings to rise this year, supported by its lineup of higher-margin luxury sports models and demand for customized vehicles. ...

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Italian luxury carmaker Ferrari on Tuesday said its core earnings would rise slightly in 2026 supported by new models coming this year, and beat analyst estimates for the fourth quarter of 2025, sendi... ...

Ferrari reports higher fourth-quarter earnings as improvements in product mix and demand for customized cars offset slower deliveries https://t.co/j0Az9ObA2T ...

Core Insights - Ferrari reported strong financial performance in 2025, with revenues increasing by 7% to over Euro 7.1 billion, driven by a disciplined volume strategy and solid demand across markets [3][6] - The company achieved an EBIT margin of 29.5%, up 120 basis points from the previous year, and industrial free cash flow exceeded Euro 1.5 billion, reflecting effective management of product mix and personalization [3][6] Financial Performance - For Q4 2025, net revenues reached Euro 1,802 million, a 4% increase from Q4 2024, while shipments decreased by 173 units [4] - For the full year 2025, net profit was Euro 1,600 million, with diluted EPS at Euro 8.96, marking a 6% increase compared to 2024 [4][6] - EBITDA for 2025 was Euro 2,772 million, an 8% increase year-over-year, with an EBITDA margin of 38.8% [4][6] Future Outlook - The company has set a guidance for 2026, targeting approximately Euro 7.50 billion in revenues and an EBITDA margin of 39.0%, supported by a strong product mix [6]

Core Viewpoint - Tesla, Inc. (NASDAQ:TSLA) is considered a "battleground stock" by analysts, with significant value concerns and uncertain near-term fundamentals, yet these factors are becoming less relevant to its stock performance [1]. Group 1: Analyst Ratings and Price Targets - Barclays has reiterated an "Equal Weight" rating on TSLA, indicating mixed sentiments among investors regarding its value and fundamentals [1]. - Wall Street analysts have a consensus "Buy" rating on TSLA, with an average price target of $480, suggesting a 14.26% upside potential. The highest target of $600 indicates a potential upside of 42.82% [3]. Group 2: Future Catalysts - Several potential catalysts for Tesla include the Optimus launch in Q1, the Cybercab in April, new robotaxi markets, updates to Full Self-Driving (FSD), and the launch of a new Megapack facility [2]. - Wolfe Research anticipates that Tesla's robotaxi business could become a major revenue driver over the next decade, despite existing fundamental concerns [1].

Financial Performance - Mitsubishi Motors Corporation (MMC) reported a slight decline in global revenues to JPY 1,976.5 billion (US$ 12.7 billion) for the first nine months of FY26, from April to December 2025 [1] - The company experienced a significant drop in operating profit, which fell over 30% to JPY 31.6 billion (US$ 204 million), and incurred a net loss of JPY 4.49 billion (US$ 28.9 million), compared to a net profit of JPY 33.2 billion in the same period of the previous fiscal year [1][2] Market Conditions - MMC attributed its performance decline to the US import tariff policy, which created "significant headwinds" earlier in the fiscal year [2] - The global business environment remains "highly uncertain," with intensified price competition due to the aggressive export stance of Chinese manufacturers [2] Sales and Production - Global vehicle sales decreased by 6% to 589,000 units during the nine-month period, with a 4% decline in Southeast Asia [2] - Production also fell, with MMC producing 656,075 vehicles globally, down almost 4% year-on-year [2] Future Outlook - The company revised its global revenue forecast for FY26 upward to JPY 2.90 trillion, from a previous forecast of JPY 2.82 trillion, while maintaining its operating profit and net profit forecasts at JPY 60 billion and JPY 10 billion, respectively [3] - MMC indicated that despite the challenging external environment, recent initiatives, including the launch of new models, have led to a gradual recovery trend in earnings [4]

Core Viewpoint - BYD is positioned as a follower in the intelligent driving sector but aims to reach the forefront through diligent efforts in testing and technology development [2][4]. Group 1: Intelligent Driving Development - BYD has created a comprehensive testing database covering over 10,000 scenarios to enhance the reliability and safety of its intelligent driving systems [2]. - The company employs a rigorous approach to tackle technical challenges, exemplified by engineers spending two weeks at a specific intersection to optimize models for better risk prediction [2]. - As of the end of 2025, over 2.56 million BYD vehicles equipped with the "Tianshen Eye" intelligent driving system are expected to be on the road, generating over 160 million kilometers of driving data daily [4]. Group 2: Strategic Focus on Intelligentization - BYD's chairman, Wang Chuanfu, emphasizes that the first phase of the electric vehicle market is focused on electrification, while the second phase will be on intelligentization, which is expected to be transformative and accelerate over the next 2 to 3 years [4]. - The company is strategically shifting its focus towards intelligentization, aiming to cover all vehicle models with its "Tianshen Eye" technology, thereby implementing a strategy of "intelligent driving equality" [4]. Group 3: Market Competition - The Chinese intelligent connected vehicle market is highly competitive, with traditional automakers and new entrants like Tesla, NIO, and Xpeng all actively developing high-performance intelligent products [5]. - Traditional manufacturers such as Great Wall and SAIC are also accelerating their transformation by investing in intelligent driving and vehicle networking technologies [5]. Group 4: Industry Growth and Trends - The market for passenger cars with L2-level functions is projected to grow by 21.2% year-on-year by the third quarter of 2025, with a penetration rate expected to reach 66.1% by the end of that year [6]. - The intelligent connected vehicle industry in China is anticipated to exceed 2 trillion yuan by 2029, indicating strong growth potential [7]. - Intelligent connected vehicles are integrating various transformative technologies, positioning themselves as key nodes in the convergence of energy, transportation, and information communication [9].