记者丨金珊 庞华玮 编辑丨江佩霞 今天，全球市场动荡，多个 风险资产与避险资产同步下挫。 当地时间11月17日，欧美股市集体收跌。11月18日， 亚太主要股指收盘全线下跌，日经225指数收盘下跌3.22%，创自四月以来最大单日跌 幅， 韩国综合指数收盘下跌3.32%， 澳洲标普200指数收盘跌1.28%，新西兰标普50指数收盘跌1.16%。 从板块来看，AI应用概念逆势上涨，榕基软件、浪潮软件、宣亚国际、华胜天成2连板。半导体概念表现活跃，圣晖集成、龙迅股份涨停。机 器人概念股局部走强，首开股份5天3板。下跌方面，近期热门题材调整， 电池、煤炭、钢铁等板块跌幅居前， 福建板块重挫，福建金森、福 建水泥等多股跌停。 港股方面，截至15:40，恒生指数跌1.78%，恒生科技指数跌1.94%，小鹏汽车跌超10%，联想集团跌超4%，比亚迪股份、蔚来跌超3%。 A股三大指数低开低走， 截至收盘，沪指跌0.81%，深成指跌0.92%，创业板指跌1.16%。 沪指、深成指盘中跌超1%。沪深两市成交额1.93万 亿，较上一个交易日放量153亿。全市场超4100只个股下跌。 黄金一度失守4000美元关口，现货黄金最新报4005 ...

转自：新华财经 2025年11月17日，"2025中国数字汽车大赛·数字环驾中国大赛"在天津市武清区隆重启幕。本次赛事由中国经济信息社、中国汽车工程学会、北京理工大学 机械与车辆学院、北京亿维新能源汽车大数据应用技术研究中心联合主办。 11月17日，参赛车辆从天津市武清区V1汽车世界出发。 发车仪式 中国经济信息社党委书记、董事长潘海平介绍，本次赛事将通过全程实时数据采集，科学测评新能源汽车在长距离、复杂路况和极端环境下的性能表现，以 真实、全面、严苛的全环境体验，鉴证产品硬实力。比赛产生的数据将为新能源汽车绿色化、智能化迭代提供重要支撑。比赛呈现的沉浸式"车生活"体验也 将为跨界融合带来新创意。 广州汽车集团股份有限公司品牌公关部部长李新宇说，广汽组织五大品牌共同参与这次活动，昊铂HL、传祺向往S9、埃安i60、本田P7、丰田铂智3X五款新 能源车组成了联合车队，期待通过本次活动让全国用户真实见证广汽全系车型的高科技与高品质。 中国经济信息社党委书记、董事长潘海平 中国经济信息社党委书记、董事长潘海平 中国汽车工程学会副秘书长战静静说，本次赛事以"环驾中国"真实工况数据为赛题，聚焦数据挖掘、虚拟验证、智能算 ...

Core Viewpoint - Valeo has announced the redemption of €600,000,000 1.625 per cent. Notes due 18 March 2026, exercising its residual maturity call option, with the redemption date set for 18 December 2025 [1][4]. Company Overview - Valeo is a technology company that partners with automakers and new mobility players globally, focusing on making mobility safer, smarter, and more sustainable [2]. - The company has a strong technological and industrial leadership in four key areas: electrification, driving assistance systems, interior experience reinvention, and lighting, which are essential for the transformation of mobility and serve as growth drivers for the Group [2]. Financial Highlights - Valeo reported sales of €21.5 billion in 2024 and employs 106,100 people across 28 countries, with 155 plants, 64 research and development centers, and 19 distribution platforms as of February 28, 2025 [3]. Redemption Details - The total principal amount of the Notes being redeemed is €600,000,000, with accrued interest of €7,345,920 payable on the redemption date [4]. - Payment will be made to the Account Holders, including Euroclear France, Euroclear, and Clearstream, Luxembourg, which will discharge the issuer's liability under the Notes [4]. - Valeo has requested the cancellation of the Notes following the redemption [4].

每经AI快讯，理想汽车-W(02015.HK)跌近4%，触及72.6港元创去年9月以来新低，当前股价较年内高点 已跌超四成。截至发稿，跌3.71%，报72.6港元，成交额8.25亿港元。 （文章来源：每日经济新闻） ...

Investment Rating - The industry investment rating is "Overweight" indicating a positive outlook for the sector compared to the overall market performance [8]. Core Insights - The report emphasizes that intelligence will be a key theme in the market for 2026, with investment opportunities extending beyond smart driving to areas like Robotaxi. A data closed loop is identified as the core starting point for achieving full-stack self-research, which differs fundamentally from mere data collection [1][3]. - The establishment of a data closed loop is crucial for filtering effective information from massive data, enabling machines to understand data, feedback to correct models, and perform OTA updates for secondary verification. This requires not only data ownership but also the ability to identify data gaps and utilize data to enhance models [1][3]. - The report suggests that the scale of the data closed loop team (e.g., whether it reaches a hundred members) and related investments should be key indicators for assessing a company's commitment and capability for self-research [1][3]. Summary by Sections Data Closed Loop - The report highlights that when algorithm models are truly driven by PB-level data, it will create a competitive barrier that is difficult to replicate. Even if competitors acquire model architectures or poach key personnel, lacking a substantial underlying data accumulation will hinder their ability to replicate similar algorithm capabilities in the short term [2][4]. - Building a solid data closed loop is expected to provide companies with a certainty of competitive advantage for six months to a year. Companies like Xiaopeng, Li Auto, and Huawei are noted to have established a leading advantage in the smart driving sector, with a high degree of technical moat [2][4]. Investment Recommendations - The report recommends focusing on domestic strong alpha manufacturers such as BYD, Geely, and Xiaopeng, as well as companies that represent the trend of intelligence like Huawei's HarmonyOS. Attention is also drawn to companies like JAC Motors and Seres, with specific recommendations for Li Auto, Kobot, Desay SV, and Jingwei Hengrun [2]. - For state-owned enterprise integration, the report suggests monitoring SAIC Motor, Dongfeng Motor Group, and Changan Automobile. Additionally, it highlights component companies with strong performance growth and capabilities for overseas expansion, recommending Fuyao Glass, New Spring, Fuda, Shuanghuan Transmission, and Yinlun [2].

The future of public transportationTesla Robovan https://t.co/J8v8YnUheq ...

Elon Musk-led Tesla Inc. (NASDAQ:TSLA) has won a bid to reverse a 2017 class action lawsuit filed by the company's African American workers over alleged racial bias at the Fremont, California assembly plant.Over 6,000 Workers Cannot SueA California state judge ruled that over 6,000 workers at the assembly plant cannot sue, as many of the 200 workers set to testify at next year's trial against the automaker over alleged racial harassment were unwilling to do so, Reuters reported on Monday.The Judge, in the r ...

Core Points - Xiaomi will unveil the enhanced version of its end-to-end assisted driving system, HAD, on November 21 at 9:00 AM during the Guangzhou Auto Show [1][5] - The new version is expected to show significant improvements, encouraging Xiaomi car owners to pay attention [1][4] Summary by Sections - **Product Launch** - The HAD enhanced version will be officially launched at the Guangzhou Auto Show on November 21 at 9:00 AM [5] - The announcement was made by Lei Jun on a social media platform [1] - **Previous Developments** - Xiaomi's automotive division previously announced on July 29 that the 10 million Clips version of the end-to-end assisted driving system had begun rolling out for the Xiaomi SU7 series, including models SU7 Pro, Max, and Ultra [6] - The 10 million Clips version offers smoother acceleration and deceleration, more comfortable ride experiences, more flexible detours, and better decision-making at intersections [6] - The Clips refer to video segments of driving behavior recorded by various sensors, with a total of 10 million segments aimed at enhancing the driving model's naturalness and fluidity [6]

Core Insights - Firefly, a compact electric vehicle brand owned by China's Nio, is targeting growth in right-hand drive markets that do not impose punitive tariffs on Chinese electric vehicles [1] Company Strategy - Firefly is preparing to ramp up deliveries to capitalize on the favorable market conditions in these regions [1]

格隆汇11月18日｜杰富瑞将通用汽车目标价从55美元上调至75美元。 ...