Market Overview - The A-share market showed mixed performance today, with the Shanghai Composite Index down by 0.40% closing at 3367.46 points, the Shenzhen Component Index down by 0.07% at 10179.60 points, and the ChiNext Index down by 0.19% at 2039.45 points. Overall, 3000 stocks rose while 2185 fell, with a total trading volume of 10895 billion yuan, a decrease of approximately 629 billion yuan from the previous trading day [1][10]. Industry Performance - Among the primary industries, automotive, machinery equipment, comprehensive, pharmaceutical biology, and commercial retail sectors saw gains, with increases of 1.91%, 0.83%, 0.77%, 0.67%, and 0.64% respectively. Conversely, the beauty care, non-bank financials, food and beverage, banking, and oil and petrochemical industries experienced declines, with drops of 1.31%, 1.21%, 1.06%, 0.94%, and 0.84% respectively [1][10]. Sector Highlights - The leading concept sectors with notable gains included automotive parts, autonomous driving, Tesla, vitamins, anti-cancer drugs, innovative pharmaceuticals, duty-free shops, smart transportation, vaccines, titanium dioxide, Industry 4.0, high dividend expectations, pneumonia, first boards, and new energy vehicles [2][12].

Group 1 - The autonomous driving concept stocks have experienced a significant rise, with companies such as Asia-Pacific Holdings (002284), Luchang Technology (002813), and Dongfang Zhongke (002819) previously hitting the limit up [1] - Xingmin Zhitong (002355) and Desay SV (002920) have seen increases of over 5%, while Demais (301007) and Hongsoft Technology have also followed suit [1] - There is a notable trend in dark pool capital flows, indicating early signals of institutional accumulation [1]

5月15日，有媒体报道称，5月13日北京亦庄一辆小马智行无人驾驶汽车撞上路边绿化带后起火。对此， 5月15日，小马智行相关负责人回应称，5月13日上午9时30分左右，一台车辆在运行过程中被检测到状 态异常，彼时车内无乘客，车辆触发保护机制紧急停车，未发生碰撞事故，未造成任何人员伤亡。"工 作人员在接到指令后2分钟内，赶到现场，在处理过程中车辆开始起火，工作人员配合相关部门已妥善 处置。具体原因正在调查中。"上述负责人表示。(中证金牛座) ...

Core Insights - The Hong Kong Transport Department has updated the trial license for autonomous vehicles and expanded the testing area for "Luo Bo Kua Pao" autonomous vehicles in Hong Kong [1][4] - "Luo Bo Kua Pao" has achieved a high level of automation (L4 level) since starting road tests in December 2024, demonstrating stable performance in various road scenarios [1][4] - The vehicle's safety driving mileage has exceeded 14,000 kilometers, and the number of vehicles for testing has increased from 5 to 10, allowing for more data collection [4] - The actual accident rate of "Luo Bo Kua Pao" vehicles is only 1/14 of that of human drivers, indicating a significantly higher safety level [6] - The company has provided over 10 million rides and has accumulated a safe driving mileage of over 170 million kilometers, receiving positive feedback from users [6] - "Luo Bo Kua Pao" is expanding its overseas presence, with plans to deploy over 1,000 fully autonomous vehicles in Dubai and Abu Dhabi, and is exploring markets in the Middle East and Europe [6]

Market Overview - The market rebounded with the Hang Seng Index closing up 0.37% following a stabilizing meeting [1] - The Federal Reserve maintained the benchmark interest rate at 4.25%-4.50%, marking the third consecutive meeting without a change [1] - President Trump announced a significant trade agreement with a respected country, likely the UK, which may positively impact the US stock market [1][2] Trade Agreements - The trade agreement with the UK is not a traditional free trade agreement but rather a specific agreement to lower tariffs on certain goods [2] - The agreement is expected to stimulate the US stock market, despite uncertainties regarding Trump's adherence to future agreements [2] Technology Sector - The Trump administration plans to revoke AI chip restrictions from the Biden era, which faced opposition from tech companies and foreign governments [3] - This policy change is anticipated to benefit companies like NVIDIA, which saw a stock increase of over 3% [3] Geopolitical Tensions - Ongoing India-Pakistan conflict has led to significant market reactions, with the KSE-30 index in Pakistan dropping 7.2% due to economic instability [4] - India's recent trade agreement with the UK may provide some economic buffer, but ongoing military tensions could lead to capital flight [5] Pharmaceutical Sector - Following Trump's executive order to promote domestic drug production, the pharmaceutical sector experienced a significant drop but rebounded as the market adjusted to potential limitations on import tariffs [6] - The US relies heavily on imported raw materials for pharmaceuticals, with over 80% dependence, primarily from China [6] Automotive Sector - Great Wall Motors reported a 7% decline in total revenue for Q1, but April sales showed a recovery with a 5.55% year-on-year increase [9] - The company is focusing on new energy vehicles, with a notable 28.42% increase in sales for April [9][10] - The launch of new models and promotional activities are expected to drive future sales growth [10] Emerging Markets - The Chinese autonomous taxi market is projected to grow significantly, with Goldman Sachs predicting 500,000 Robotaxis by 2030 and a market size of $47 billion by 2035 [8] - Early entrants in this market, such as Pony.ai and WeRide, are expected to benefit from favorable regulatory conditions and consumer acceptance [8]

《商道创投网》2025年5月8日从官方获悉：低速无人驾驶公司白犀牛近日完成了由顺丰领投，鑫源汽车与老股东线性资本跟投的2亿元B轮融资。 《商道创投网》创投家会员·本轮投资原因是什么？ 《商道创投网》创业家会员·单位简介 白犀牛成立于2019年4月，由前百度自动驾驶团队成员朱磊和夏添共同创立，是一家专注于研发全栈式无人配送解决方案并提供常态化运营的自动驾驶公 司。其核心业务聚焦于物流领域的无人配送，特别是快递网点到驿站的短途运输。白犀牛的技术亮点在于其无人车能够在复杂路况下安全行驶，且具备大模 型等先进技术，使其在雨天雾天等恶劣天气下仍能完成高难度配送任务。 《商道创投网》创业家会员·本轮融资用途是什么？ 白犀牛CEO朱磊表示，本轮融资将主要用于新的低速无人车产品开发以及现有产品的市场推广。朱磊强调，无人配送车作为生产力工具，其日活量才是衡 量价值的关键指标。白犀牛将利用本轮融资进一步提升无人车的日活量，优化产品性能，并加速其在物流行业的商业化落地，目标是到2026年实现无人配送 车日活量达到5000台。 顺丰相关负责人表示，投资白犀牛是基于其在低速无人驾驶领域的技术实力和市场潜力。白犀牛的无人车产品已经在顺丰 ...

Group 1 - The first "four-in-one" low-altitude manned flying vehicle has successfully completed a test flight in Hefei, marking a significant milestone in the development of unmanned aerial vehicles (UAVs) in China [2][3] - The "EH216-S," produced by EHang Intelligent Technology Co., is the world's first low-altitude manned flying vehicle to obtain all four necessary certifications: Type Certificate (TC), Standard Airworthiness Certificate (AC), Production Certificate (PC), and Operational Certificate (OC) [3][12] - The issuance of the first operational certificates for manned UAVs signifies the official launch of large-scale commercial applications in low-altitude flying [3][12] Group 2 - The National Development and Reform Commission (NDRC) has released the "Market Access Negative List (2025 Edition)," reducing the number of items from 117 to 106, which aims to optimize the market access environment for new industries and technologies [2] - Hefei has established over 30 temporary takeoff and landing points for various flying vehicles and UAVs, and has become home to the world's first unmanned boat super factory, indicating a robust infrastructure for the UAV industry [5][6] - The International Advanced Technology Application Promotion Center in Hefei is focused on integrating innovation chains and industrial chains, promoting the development of a comprehensive unmanned system that includes air, land, and sea applications [4][5] Group 3 - The city of Guangzhou has been proactive in the development of autonomous driving technology, with the establishment of the first operational licenses for autonomous taxis and the launch of the seventh-generation autonomous driving system, which is based on automotive-grade chips [10][11] - The market for urban air mobility is projected to reach $1.5 trillion by 2035, with China expected to account for over 30% of this market, highlighting the significant growth potential in the UAV sector [12] - The low-altitude economy in China is anticipated to reach a trillion-dollar scale by 2030, driven by advancements in UAV technology and infrastructure [12]

Group 1 - Waymo plans to expand its autonomous taxi service to Atlanta, Miami, and Washington D.C. by 2026, in collaboration with Magna to build a new autonomous vehicle factory in Phoenix [1] - The launch of the "Benyuan Tianji 4.0," a fourth-generation quantum computing measurement and control system in China, supports over 500 quantum bits, indicating a significant advancement in the country's quantum computing industry [1] - SK Hynix has overtaken Samsung to become the global leader in the DRAM market with a market share of 36.7% in Q1 2025, driven by AI server demand and a recovery in PC and mobile demand [1] Group 2 - TrendForce reports that China accounts for over half of the global increase in industrial robot installations, highlighting its cost advantages in deploying smart factories, although high deployment costs may hinder widespread adoption [1] - The Ministry of Industry and Information Technology and the National Standardization Administration of China have released the 2024 version of the National Intelligent Manufacturing Standard System Construction Guide, focusing on the integration of AI and manufacturing [1]

Group 1 - The core viewpoint emphasizes the importance of maintaining a calm and steady approach in the development of technology and new industries, avoiding short-term gains and fostering long-term growth [1][3][5] - The fifth China International Consumer Products Expo introduced a new consumer technology exhibition area showcasing advanced technologies such as humanoid robots and unmanned aerial vehicles, indicating a shift towards innovative consumer experiences [1][2] - Companies like Yihang Intelligent are focusing on practical challenges in the development of air taxis, highlighting the need for comprehensive solutions and gradual progress in emerging industries [4][5] Group 2 - The government plays a crucial role in supporting emerging industries by providing strategic stability and fostering a conducive environment for growth, as seen in the policies supporting companies like iFlytek and Yihang Intelligent [5] - The recent expo facilitated 52 signed agreements worth approximately 92 billion yuan, showcasing the potential for economic growth despite global uncertainties [5]

港股收盘，恒生指数涨2.37%，恒生科技指数涨3.07%。港股科技ETF(159751)收盘上涨3.55%，恒生港 股通ETF(159318)收盘上涨2.09%。机器人、无人驾驶板块领涨，黄金、有色金属板块领跌。越疆、优 必选、地平线机器人涨超10%，赤峰黄金（600988）、山东黄金（600547）跌超10%。 无需港股通，A股账户就能T+0买港股>> ...