小米集团合伙人、总裁卢伟冰今日在微博发文称，最近小米首座大家电工厂——武汉小米智能家电工厂 一期正式竣工投产。从这座智能家电工厂诞生的首款产品米家中央空调Pro双风轮即将跟大家见面。这 也是小米首款自产的中央空调。 他介绍，刚刚竣工投产的小米智能家电工厂，是小米科技家电战略的又一关键里程碑。这是继小米手机 智能工厂、汽车超级工厂后，小米"人车家全生态"战略下的第三座大型智能制造基地。标志着小米具备 了智能手机、智能家电、智能汽车三大万亿规模赛道的完整智能制造体系能力。 此外他还指出，今天的小米大家电，已经完整具备"设计-研发-生产-销售-服务"产业全流程能力闭环。 在工厂物流上,我们做了立体式智能物流,空中 是天空运输带,可以跨六大车间运输物料,地 面是 AMR 自导航机器人,做车间内关键物料运 输,全厂智能物流覆盖高达94%,最快每6.5秒 下线一台空调。 高智能,全面引入小米澎湃智能制造平台 成东南亚、欧洲两大市场大家电销售与服务闭 环搭建:9月空调升级10年包修,覆盖柜机、挂 机、中央空调全品类,用户维修不花一分钱。 刚刚竣工投产的小米智能家电工厂,是小米科 技家电战略的又一关键里程碑。这是继小米手 机 ...

加入轩辕同学 ， 成就新汽车人! 作 者 | 李 均 （ 犬安 科 技 C E O ） 编 辑 | 郝雨 涵 设 计 甄 尤 美 设 计 | 甄 尤 美 2023年Pwn2Own黑客大赛上，法国团队Synacktiv亮出硬核操作——凭借 TOCTTOU攻击技术，仅耗时2分钟就远程攻破特斯拉Model 3的网关系统 与信息娱乐子系统，一举拿下35万美元奖金和一辆Model 3新车。 这绝非赛场噱头，而是智能汽车网络安全风险的真实切片。 早在 2015年，菲亚特克莱斯勒美国公司曾宣布召回约140万辆存在软件漏洞的汽车，原因是两名黑客在车辆行驶过程中，从10英里之外用计算机 侵入名为Uconnect的触屏车载无线电系统，对车辆的方向盘、油门、刹车以及空调、收音机、雨刷等功能加以操控。 这类威胁并不是外资品牌的 "专属难题"，自主品牌同样难逃一劫。 此前，蔚来汽车就曾遭遇勒索攻击，攻击者窃取核心数据后，公然索要价值 225万美元的比特币，气焰嚣张。 正是在这样的行业背景下，探析汽车网络安全攻防的技术演进与治理路径，成为筑牢产业安全防线、推动智能汽车高质量发展的必答题。 2025年12月6日下午，WNAT-CES 20 ...

"真正技术的价值一定要普惠，要让少数人的尖端科技，成为多数人的日常。"12月8日，以"向高同 行"为主题的首届地平线技术生态大会召开，地平线创始人兼CEO余凯以这句核心表述开篇，此次大会 上，第四代BPU架构"黎曼"、HSD Together合作模式等成果亮相，《中国经营报》记者观察到，这背后 是国内智能汽车从技术创新向规模化普惠的核心趋势。 "一家企业也许可以走得很快，但整个生态能够更加生机勃勃，才能走得更健康、更长远！"余凯始终将 生态视为地平线的核心信仰。余凯表示："过去真正推动科技进步的，尤其是在计算行业里，真正成 功、伟大的科技企业，都是生态的玩家，"智能汽车与机器人时代更需生态共荣。为此，地平线明确自 身"不做'本体'（既非车企，也非机器人品牌）"的角色定位，立志成为"机器人时代的Wintel"（PC时代 微软与英特尔的"软件+芯片"生态联盟模式），以"全维利他"的开放理念为核心，构建能滋养生态的基 础底座，携手全球产业链伙伴共同催生枝繁叶茂的智能生态森林。余凯强调："生态不是简单的业务叠 加，而是相互赋能、价值共创的共同体。" 2025年前三季度，13万元以下乘用车占国内市场份额超50%，但高阶 ...

鸿蒙智行的路径揭示：中国汽车高端化的下一程，竞争关键或在于能否构建一套强大的技 术中台与生态体系，以此高效赋能制造伙伴，最终重新定义时代的豪华体验。 在体系化能力下，鸿蒙智行已经为明年做好准备。在1 2月9日的鸿蒙智行直播中，余承东 宣布鸿蒙智行明年计划推出数款新车，并明确表示将"补齐五个'界'的产品矩阵"。 具体来看，各品牌规划已然清晰： 问界：作为合作较早的品牌，预计将形成包括M5、M7、M8、M9（含改款）及可能新增 的M6在内的完整产品序列，覆盖主流SUV市场。 大约三年前，当华为宣布入局汽车行业时，行业里讨论最多的还是其跨界的颠覆性与不确定性。业 界在观望，这种从消费电子领域带来的思维，能否在讲究重制造、长周期迭代的汽车业行得通。 变化比预想中来得更快。今年1 2月5日，鸿蒙智行宣布用时仅4 3个月，累计交付量便突破 1 0 0万辆，速度超越所有中国新势力。其销量结构呈现独特的"倒金字塔"特征：售价最高 的 问 界 M9 ， 持 续 锁 定 5 0 万 元 以 上 市 场 销 冠 ； 更 令 人 意 外 的 是 ， 售 价 超 7 0 万 元 的 尊 界 S8 0 0，月均交付超2 0 0 0辆，表 ...

Core Insights - Huawei's HarmonyOS Automotive division, known as "Hongmeng Zhixing," is experiencing significant growth, with a record monthly sales of 81,864 vehicles in November, marking a year-on-year increase of 89.61% [1] - The division has achieved cumulative deliveries exceeding 1 million vehicles, with the first million taking 43 months and the next expected to be completed in just over a year [3] - The company plans to expand its product lineup in 2024 and beyond, with multiple new models set to launch, including high-end vehicles and advanced driver-assistance systems [4][5] Group 1 - The annual live broadcast featured key executives from major automotive companies collaborating with Huawei, emphasizing the synergy in their partnerships [1] - The "Five Realms" of Hongmeng Zhixing are compared to a basketball team, indicating a focus on maintaining a streamlined and effective collaboration rather than expanding excessively [1] - The sales performance of various brands under Hongmeng Zhixing is strong, with the Zun Jie S800 achieving over 18,000 pre-orders in 175 days and the Shang Jie H5 surpassing 10,000 deliveries in just 43 days [2] Group 2 - Future product plans include the launch of the first MPV, the Zhi Jie V9, in spring 2026, and a high-performance SUV aimed at competing with luxury European models [4][6] - The company is advancing towards L3 and L4 levels of autonomous driving, with expectations for users to have a more relaxed experience in their vehicles by 2027 [5][6] - The upcoming models will feature advanced driver-assistance capabilities, enhancing the overall driving experience and safety [6]

" 城区辅助驾驶将普惠到 10 万元国民车型，未来 3 - 5 年将实现千万量产。 " 在地平线 2025 首届技术生态大会的舞台上，创始人兼 CEO 余凯博士立下的这两个 Flag 。这不仅是一个技术愿景，更是一份商业世界的价值宣言。 它意味着，地平线正试图将曾专属于豪华车的顶尖智能，变为一场全民可及的平权运动。 此刻，地平线正站在一个奇妙的交汇点上，其征程系列芯片累计出货已突破 1000 万套，中国市场 " 每三辆智能汽车就有一辆搭载地平线 " ；而其最新推 出的 HSD （地平线城区辅助驾驶方案 ），在搭载星途 ET5 和深蓝 L06 上市短短两周后，激活量已超 12000 辆。 从千万级的芯片基石，到爆发式增长的终端体验，地平线用十年时间，验证了一条迥异于行业巨头特斯拉的路径 —— 不做垂直整合的 " 颠覆者 " ，而甘 当开放生态的 " 赋能者 " 。 这就是地平线所定义的 "Wintel 式 " 软硬结合技术路径。在从数字智能迈向物理智能的历史拐点，地平线选择成为那个提供底层计算平台与生态基座的 " 连接器 " ，其战略、技术与商业成果，共同描绘了一个技术足够强、规模足够大、前景足够广的独特投资图 ...

证券研究报告：电子 | 公司点评报告 发布时间：2025-12-10 股票投资评级 买入 |维持 个股表现 资料来源：聚源，中邮证券研究所 公司基本情况 | 最新收盘价（港币） | 8.70 | | | --- | --- | --- | | 总股本/流通股本（亿股）146.52/ 125.27 | | | | 总市值/流通市值（亿港 | 1159.75 / 991.59 | | | 币） | | | | 52 周内最高/最低价 | 11.32 / 3.32 | | | 资产负债率(%) | 299.40% | | | 市盈率 | -11.68 | | | 第一大股东 | Everest | Robotics | | | Limited | | 研究所 分析师:万玮 SAC 登记编号:S1340525030001 Email:wanwei@cnpsec.com 分析师:吴文吉 SAC 登记编号:S1340523050004 Email:wuwenji@cnpsec.com 地平线机器人-W(9660.HK) 大算力+HSD，打造越级智能辅助驾驶 ⚫ 投资要点 征程系列累计出货量破千万。公司自主研发设计的智能计 ...

据禾赛科技官微消息，近日，吉利银河AI全场景家庭旗舰MPV——吉利银河V900亮相第二十三届广州 车展。吉利银河首搭全新一代超级AI增程技术的旗舰产品。 据介绍，吉利银河V900搭载的千里浩瀚H5辅助驾驶方案配备包括禾赛远视距高精度激光雷达在内的27 个感知单元，实现360度全场景感知。行业领先的端到端无图NOA功能，支持高速、城市全路况领航， 可完成语音变道、环岛通行、U型调头等复杂操作，全国范围内有路就能开，智能驾驶辅助达到豪华级 水准。吉利银河V900的发布，标志着吉利银河开启品牌向上的全新征程。未来，禾赛科技将继续深化 与吉利银河的合作。 禾赛-W（02525）盘中涨超3%，截至发稿，股价上涨2.57%，报159.90港元，成交额3119.76万港元。 禾赛-W（02525）盘中涨超3%，截至发稿，股价上涨2.57%，报159.90港元，成交额3119.76万港元。 据禾赛科技官微消息，近日，吉利银河AI全场景家庭旗舰MPV——吉利银河V900亮相第二十三届广州 车展。吉利银河首搭全新一代超级AI增程技术的旗舰产品。 据介绍，吉利银河V900搭载的千里浩瀚H5辅助驾驶方案配备包括禾赛远视距高精度激光雷 ...

Core Viewpoint - During the "14th Five-Year Plan" period, China's automobile exports have increased from less than 2 million to nearly 6 million, transitioning from single vehicle exports to collaborative industry chain exports, achieving significant growth in both quantity and quality [2] Group 1: Development of Intelligent Vehicles - The automotive industry has entered the era of intelligent connected vehicles, with a consensus on the strategic transformation towards smart vehicles globally [3] - In the first seven months of this year, the penetration rate of L2+ intelligent driving in new passenger cars in China reached 62.6%, with 4G/5G installation rates at 60.5% and 22.2% respectively [3] - The shift from "single vehicle export" to "system export" includes not only intelligent vehicles but also the supply chain and digital services, indicating vast potential for growth [3][4] Group 2: Competitive Advantages - Chinese automobiles have higher hardware configurations, more complete software ecosystems, and richer intelligent functions compared to overseas markets, leading to better user experiences [4] - The penetration rate of L2+ auxiliary driving technology in China has reached 20%, with many advanced driving technologies expected to be widely applied next year, showcasing a technological lead [4] - The rapid innovation and industrialization of China's intelligent driving industry have created significant cost and scale advantages over overseas supply chains [4][5] Group 3: Challenges in Global Expansion - The intelligent vehicle export faces challenges such as regulatory differences, localization service inadequacies, and data security compliance requirements [6][7] - There is a need for deep market adaptation rather than simple technology transfer to build trust and understanding among diverse cultural backgrounds [7] - Trade barriers and geopolitical tensions, particularly between the US and Europe, pose additional challenges to the global expansion of China's intelligent vehicles [7] Group 4: Collaborative Strategies for Success - Industry players are encouraged to shift from competition to cooperation, focusing on service and solution exports rather than just product sales [8] - Establishing localized manufacturing through joint ventures, technology licensing, and enhancing collaboration with multinational companies are essential strategies [8] - Building a supportive global industrial environment requires regulatory dialogue, data compliance mechanisms, and the establishment of ecological clusters overseas [8]

Group 1 - The strategic alliance announced by Hongmeng Zhixing and five brands aims to enhance standardized service systems, build charging networks, and innovate technology implementation [1] - The first MPV model, Zhijie V9, is set to launch in spring 2026, with high-end configurations expected to make it a leading MPV on the market [1] - In November, Hongmeng Zhixing achieved a record monthly delivery of 81,864 vehicles, marking a year-on-year increase of 89.61% [1] Group 2 - Dongfang Securities noted that Hongmeng Zhixing has gained consumer recognition in the high-end and luxury market, with plans to expand its product matrix to capture more market share in the domestic mid-to-high-end new energy vehicle sector [1] - Huawei's advanced driving capabilities are positioned in the top tier domestically, which is crucial for high-end brands like Zunjie and Wenjie to capture market share from traditional high-end models [1] - Xiangcai Securities highlighted the rapid increase in penetration rates of intelligent components such as smart cockpits and HUDs, indicating potential benefits for related companies [2] Group 3 - Bojun Technology is the sole supplier of body parts for the Seres Wenjie M5, M7, M8, and M9 models, indicating a strong position in the supply chain [3] - BAIC Blue Valley is focusing resources on its core brands "Xiangjie" and "Jihu," with a current design capacity of 120,000 vehicles per year for the Xiangjie super factory, which can support increasing orders effectively [3]