Core Viewpoint - The CEO of Xiaomi, Lei Jun, emphasized the importance of industry unity in the development of intelligent connected vehicles, advocating for a collaborative ecosystem that focuses on safety, quality, and innovation [1]. Group 1: Industry Collaboration - Lei Jun called for the entire industry to work together under government guidance to foster a positive and orderly development environment, resisting negative online behaviors such as cyberbullying and black public relations [1]. - Xiaomi is willing to adopt a more open approach to collaborate with peers and partners to advance industry development [1]. Group 2: Recent Incident - A serious accident involving a Xiaomi vehicle occurred on October 13, resulting in the death of the driver, who was found to be driving under the influence [1]. - The vehicle involved in the accident was identified as the Xiaomi SU7 Ultra [2].

雷军呼吁全行业在以安全为基础，质量为根本，创新为方向，携手围绕重要的底层技术和重 要的研发领域，把资源和精力集中到科技创新和技术研发上，共同抵制网络水军黑公关等网 络乱象，一起营造积极向上文明有序的产业发展环境。 10月16日，在2025世界智能网联汽车大会上，小米集团创始人、董事长雷军表示，智能网联 汽车的发展处于历史的机遇期，不是零和博弈，需要全行业的团结一致，共建共享智能网联 汽车的新生态，共同推进行业的发展。 雷军提到，智能网联汽车上半场电动化已初步完成，下半场智能化正在逐步深入，智能化一 系列的创新技术正在重塑汽车的产品定义、生产模式、商业模式和用户体验。 来源：政事儿 ...

Macro Dynamics - The Chinese Ministry of Commerce will continue litigation against the U.S. for its clean energy subsidies that discriminate against Chinese products, despite the U.S. terminating certain provisions of the Inflation Reduction Act [2] - The People's Bank of China and the Central Bank of Iceland have renewed a bilateral currency swap agreement worth 35 billion RMB (700 million Icelandic króna) to enhance financial cooperation [3] - China expresses strong dissatisfaction with the UK's unilateral sanctions against Chinese companies, emphasizing the need to protect legitimate rights and interests [4] Market Data - A-shares experienced a collective pullback with total market turnover falling below 2 trillion RMB, marking a decrease of 141.7 billion RMB from the previous trading day [7][8] - The financing balance in the two markets increased by 2.3 billion RMB, with the Shanghai Stock Exchange reporting a balance of 1.236 trillion RMB and the Shenzhen Stock Exchange at 1.189 trillion RMB [9] Company Dynamics - Xiaomi's founder, Lei Jun, stated that AI models are the future of smart connected vehicles, with the company having delivered approximately 400,000 vehicles in a year and a half [11] - YTO Express announced that its third-largest shareholder, Hangzhou Haoyue, plans to transfer up to 2% of its shares through block trading, continuing a trend of share reduction [12] - Changan Automobile's Zhu Huarong revealed plans to mass-produce humanoid automotive robots by 2028 and flying cars by 2030 [13][14] - Guangsheng Nonferrous Metals expects a net profit of 100 to 130 million RMB for the first three quarters of 2025, marking a turnaround from losses due to improved market conditions in rare earths [16]

Core Viewpoint - The global development of intelligent connected vehicles is driven by globalization and safety, with a focus on regulatory coordination and technological integration [1][2][4] Group 1: Industry Trends - Intelligent connected vehicles are transitioning from laboratory concepts to commercial applications, with significant discussions on technology evolution, regulatory alignment, and safety challenges at the World Intelligent Connected Vehicle Conference [1] - The European Union is actively working on regulatory frameworks for the automotive industry, including plans for a "European Connected and Automated Driving Alliance" by 2025 and a large-scale cross-border testing platform for autonomous vehicles [2][3] Group 2: Regulatory and Standardization Efforts - The EU's "General Artificial Intelligence Code of Conduct" will impact the development costs of L2+ autonomous driving systems, potentially increasing costs by 15%-20% due to required transparency and safety assessments [3] - Chinese companies, such as Changan Automobile, are advocating for global standardization to reduce redundant development costs and improve cross-border mobility experiences [4] Group 3: Technological Integration - The integration of AI, low-orbit satellite communication, and vehicle-road-cloud collaboration is leading to a new era of "collective intelligence" in intelligent connected vehicles [5][6] - China Mobile has established the world's largest 5G network and is accelerating the deployment of 5G+V2X technology, which supports high-precision positioning and enhances vehicle capabilities [6] Group 4: Safety and Commercialization Challenges - The industry is facing challenges in balancing safety and commercialization, with discussions highlighting the need for strong standards and safety protocols following recent autonomous driving incidents [7][8] - Industry leaders emphasize the importance of achieving a balance between innovation and safety to build consumer trust and ensure the successful adoption of intelligent connected vehicles [8]

Core Insights - The advantages of machine driving over human driving include strict adherence to regulations, immunity to physiological and emotional factors, and the potential for data-driven evolution. However, inherent limitations exist, such as insufficient capability to handle long-tail scenarios and the risks associated with the black box effect [1] Industry Trends - The global automotive industry is undergoing a profound transformation, with China's new energy vehicle market leading the electric transformation through policy guidance and technological iteration. The commercialization of intelligent driving technology has reached a critical turning point since 2025, with increasing emphasis on safety [1] - The intelligent wave is reshaping the competitive landscape of the global automotive industry, with artificial intelligence evolving from an optional technology to a core variable affecting enterprise survival and development [1] Safety Emphasis - Safety is a consensus among industry professionals, with Momenta's CEO emphasizing that without safety, there can be no development in intelligent driving systems. Recent national efforts in establishing strong standards are expected to significantly regulate the development of the intelligent assistance market [2] - Geely's chairman highlighted that user safety must remain paramount in the development of intelligent networked technologies, which should address real user pain points rather than merely existing as concepts [2] Investment and Development - Xiaomi has committed a total investment of 5.79 billion yuan in combined auxiliary driving, with a dedicated R&D team exceeding 1,800 personnel. The focus is on reducing accidents as a primary goal of autonomous driving [3] - The industry is urged not to halt the development of intelligent driving technologies due to safety concerns. The balance between innovation and safety is crucial, as blind innovation can lead to accidents, undermining the purpose of intelligent driving [5] Collaboration and Responsibility - Industry players are encouraged to collaborate in promoting safety within the sector, with a commitment to addressing any safety issues that arise [5] - The importance of clearly defining responsibilities among various technology partners in the automotive supply chain is emphasized to ensure the safety and reliability of vehicles [4]

Core Insights - The 2025 World Intelligent Connected Vehicles Conference opened in Beijing, highlighting China's advancements in the intelligent connected vehicle industry and the establishment of a complete industrial system [1][2] - The Chinese Ministry of Industry and Information Technology (MIIT) aims to accelerate breakthroughs in high-level autonomous driving technology through the integration of artificial intelligence and the automotive industry [2] Industry Developments - China's intelligent connected vehicle technology has significantly improved, with a complete industrial system that includes smart cockpits, autonomous driving, and cloud control [1] - New passenger cars equipped with combined driving assistance features account for over 60% of new car sales [1] - The country has initiated "vehicle-road-cloud integration" application trials in 20 cities, enhancing infrastructure such as roadside units and cloud control platforms [1] Infrastructure and Testing - Over 35,000 kilometers of testing demonstration roads have been opened nationwide, with more than 11,000 intelligent roadside units deployed [1] - The MIIT plans to deepen the integration of artificial intelligence technology with the automotive industry, supporting the development of vertical large models and specialized models across the entire supply chain [2] Future Plans - The MIIT will advance the "vehicle-road-cloud integration" application trials to improve the safety and efficiency of autonomous driving through traffic and roadside information [2] - A development plan for the intelligent connected new energy vehicle industry during the 14th Five-Year Plan period will be compiled, along with the establishment of standards for combined driving assistance and autonomous driving [2]

Core Viewpoint - The 2025 World Intelligent Connected Vehicles Conference in Beijing highlighted significant advancements in Robotaxi technology, particularly the integration of low-orbit satellite communication by Cao Cao Mobility, marking it as the first platform to scale this technology in Robotaxi operations [1][3]. Group 1: Technological Advancements - Cao Cao Mobility's Robotaxi fleet has successfully integrated the satellite IoT communication technology from Time Space Dao Yu, ensuring stable connectivity even in areas with unstable 4G/5G signals, thus enhancing operational reliability [3][5]. - The CTO of Cao Cao Mobility emphasized that safety is crucial for the commercial viability of autonomous driving, and the introduction of satellite communication is a key step in building a comprehensive safety system for users [3][5]. Group 2: Strategic Collaborations - Geely Holding Group's chairman highlighted the importance of Cao Cao Mobility as a commercial vehicle for Robotaxi, focusing on enhancing emergency response capabilities through reliable satellite communication services [1][5]. - The collaboration between Cao Cao Mobility and Time Space Dao Yu aims to create a unified information network for smart transportation, with the Geely constellation providing real-time satellite communication coverage [5]. Group 3: Industry Impact - The showcase at the World Intelligent Connected Vehicles Conference reflects the ecological advantages of Cao Cao Mobility in the autonomous driving sector and demonstrates the innovative capabilities of Chinese companies in exploring cutting-edge technologies in intelligent connected vehicles [5]. - Cao Cao Mobility is accelerating the deployment of the second generation of Robotaxi vehicles and is working with Geely and partners to develop customized vehicles with proprietary autonomous driving components [5].

雷军提到，智能网联汽车上半场电动化已初步完成，下半场智能化正在逐步深入，智能化一系列的创新 技术正在重塑汽车的产品定义、生产模式、商业模式和用户体验。 新京报贝壳财经讯（记者陈维城）10月16日，在2025世界智能网联汽车大会上，小米集团创始人、董事 长雷军表示，智能网联汽车的发展处于历史的机遇期，不是零和博弈，需要全行业的团结一致，共建共 享智能网联汽车的新生态，共同推进行业的发展。 雷军呼吁全行业在以安全为基础，质量为根本，创新为方向，携手围绕重要的底层技术和重要的研发领 域，把资源和精力集中到科技创新和技术研发上，共同抵制网络水军黑公关等网络乱象，一起营造积极 向上文明有序的产业发展环境。 （文章来源：新京报） ...

雷军 呼吁全行业在政府的指导下，以安全为基础，质量为根本，创新为方向，携手围绕重要的底层技 术和重要的研发领域， 把资源和精力集中到科技创新和技术研发上，共同抵制网络水军黑公关等网络 乱象，一起营造积极向上文明有序的产业发展环境。 据科创板日报， 今日，在2025智能网联汽车大会上，小米集团创始人、董事长雷军表示， 智能网联汽 车的发展处于历史的机遇期，不是零和博弈，需要全行业的团结一致，共建共享智能网联汽车的新生 态，共同推进行业的发展。 小米的核心战略是"人车家全生态"，汽车是重要节点。通过不同场景、终端的互联互通，汽车可调用整 个生态的AI算力，提供丰富场景应用，未来产业机会广阔。 （来源：智通财经） 雷军还表示，AI大模型是智能网联汽车的未来趋势，蕴藏巨大创新机遇。端侧AI模型无需联网，可整 合车内外摄像头、麦克风等多传感器信号，通过情绪识别与多模态交互技术，实现拟人化语音控车，还 能自定义手势控制车内设备，且本地算力调用可保障数据隐私安全。 ...

Core Insights - The smart connected vehicle industry is complex and requires a collaborative ecosystem transformation rather than a single-point breakthrough competition [2][3] - Xiaomi has been in the automotive sector for 4.5 years and has delivered approximately 400,000 vehicles in the past 1.5 years, indicating significant progress in the electric vehicle phase [2] - The integration of Xiaomi's automotive products has created a closed loop among people, vehicles, and homes, showcasing the value of its ecosystem [2] Industry Development - The development of smart connected vehicles is at a historical opportunity period and should not be viewed as a zero-sum game; industry unity is essential for building a new ecosystem [3] - The industry should focus on safety, quality, and innovation, concentrating resources on technological innovation and research and development [3] - There is a call to resist negative online practices such as fake reviews and black public relations, promoting a positive and orderly industrial development environment [3]