Core Insights - The rapid development and application of artificial intelligence technologies have positioned smart vehicles, low-altitude travel, and embodied robots as key carriers of AI applications, with a consensus emerging on the importance of scaling smart vehicle components to empower these sectors [1][2] - The concept of "aggregated intelligence" is characterized by the deep coupling of technology, industry chains, and application scenarios, which is seen as a new direction for the renewable energy industry to break through single development bottlenecks and unlock trillion-yuan market potential [1][4] Technology and Industry Chain Interconnectivity - There is significant "homogeneity" among smart vehicles, embodied robots, and low-altitude economy, with AI as the core support for underlying technologies, forming an AI-based terminal industry chain [2][3] - The supply chain overlap exceeds 60%, with some companies estimating it to be as high as 70%, allowing components from smart vehicles to directly support robots and low-altitude aircraft [2][3] - The cost of laser radar has dramatically decreased from 100,000 yuan in 2019 to 800 yuan today, showcasing the potential for cost reduction in robotics and low-altitude economies through supply chain integration [2][3] Practical Applications and Industry Initiatives - Companies like Beijing Horizon Robotics have successfully integrated smart vehicle technology into robotics, with over 10 million units of their chips deployed in vehicles and applications in various robotic platforms [3] - Zhixing Technology has entered the robotics field through acquisitions, developing the world's first domestic mid-to-high computing power robot controller based on intelligent driving technology [3] Scene Integration and Ecosystem Development - The shift from a single product mindset to an ecosystem approach is gaining traction in the renewable energy sector, exemplified by initiatives like the "robot soccer league" that fosters a developer ecosystem [4][5] - The low-altitude economy is being redefined through innovative transportation solutions, with electric flying cars expected to reduce costs significantly from millions to around 200,000 yuan [5][6] - Companies like Sichuan Wofei Chang Kong are actively developing electric flying vehicles and have secured substantial orders, indicating strong market demand for low-altitude travel solutions [5][6] Strategic Collaborations and Future Outlook - Jianghuai Automobile Group is pursuing an "all-chain" ecosystem strategy by collaborating with universities and leading companies in robotics and low-altitude economies to extend the automotive industry chain into new fields [6] - The aggregation of smart vehicles, embodied robots, and low-altitude economies is projected to form a trillion-yuan export force in the next five years, with integrated development being the key to seizing this opportunity [6]

◎记者 孙小程 低空经济爆火两年后，一起碰撞事故让外界不得不重新审视这个尚在"学飞"的行业。 碰撞事故再次警示，安全是低空经济发展的绝对前提和底线，没有安全这个"1"，后面再多的"0"也没有 意义。 9月16日，有消息称，在长春航展现场，两架小鹏汇天eVTOL（电动垂直起降器）相撞后坠机。流传出 的视频显示，一架飞行器在草坪上燃成一团火球，现场浓烟滚滚，而后消防人员赶到并将火扑灭。 小鹏汇天官方对此回应称，当日下午，广东汇天通航在长春航展预演结束后，参与双机编队演练的两架 飞行器因飞行间距不足发生接触，其中一架飞行器正常降落，另一架飞行器在着陆时发生机身受损起 火。现场人员安全，相关部门已有序完成现场处置工作。具体原因正在进一步调查中。 据上海证券报记者了解，近两年也有其他eVTOL独角兽企业出现坠机事故。事故当晚，这家企业创始 人的电话被"打爆"，连夜接受询问同时耐心安抚投资人。 罗军认为，发生几起飞行器碰撞事故，不代表低空飞行不安全、低空经济不能发展。对于低空经济要保 持包容的态度，但也要有敬畏之心，如此才能促进新兴行业发展。 应当深刻意识到，发展不能以牺牲安全为代价。安全是低空经济的生命线，低空飞行活动 ...

Core Insights - The rapid development and application of artificial intelligence technologies have made smart vehicles, low-altitude travel, and embodied robots key carriers of AI applications, with a consensus emerging on the importance of scaling smart vehicle components to empower these sectors [1][2] - The concept of "aggregated intelligence" is characterized by deep coupling of technology, industry chains, and application scenarios, which is seen as a new direction for the new energy industry to break through single development bottlenecks and unlock trillion-yuan market potential [1][7] Group 1: Technological Synergy and Industry Chain Interconnectivity - Smart vehicles, embodied robots, and low-altitude economy share significant "homogeneity" in their underlying technologies, all supported by artificial intelligence, leading to a unified terminal industry chain [2][3] - The supply chain overlap exceeds 60%, with some companies estimating it to be as high as 70%, allowing components from smart vehicles to directly support robots and low-altitude vehicles [2][3] - The cost reduction in components, such as LiDAR, has been significant, with prices dropping from 100,000 yuan in 2019 to 800 yuan today, demonstrating the potential for cost-effective solutions in robotics and low-altitude travel [3] Group 2: Scene Integration and Ecological Co-construction - The shift from a single product mindset to an ecological thinking is becoming a consensus among professionals in the new energy sector, with examples like the "robot football league" showcasing developer ecosystems [5] - The low-altitude economy is showing great potential in reconstructing transportation scenarios, with electric flying cars expected to reduce costs significantly from millions to around 200,000 yuan [6] - Companies like Sichuan Wofei Chang Kong Technology are actively developing electric flying vehicles and have plans for commercial operations by 2026, indicating a growing market for low-altitude travel solutions [6][7] Group 3: Strategic Collaborations and Future Outlook - Companies like Jianghuai Automobile Group are exploring collaborative ecosystems by sharing technologies and resources across smart vehicles, robots, and low-altitude travel [7] - The integration of smart vehicles, embodied robots, and low-altitude economy is expected to form a trillion-yuan "new trio" export force in the next five years, emphasizing the importance of fusion development [7]

Core Insights - The Hong Kong Chief Executive's policy address emphasizes the integration of education, technology, and talent development to establish Hong Kong as an international innovation and technology hub [1][2][3] - The report highlights Hong Kong's strong potential in technology development, ranking third globally in digital competitiveness and first in the "Shenzhen-Hong Kong-Guangzhou" cluster in the 2025 Global Innovation Index [1] - Key initiatives include enhancing the innovation and technology ecosystem, accelerating new industrialization, and promoting the development of artificial intelligence and low-altitude economy [1][2][3] Group 1: Education, Technology, and Talent Development - The policy report outlines strategies for integrating education, technology, and talent to build a rich resource pool and enhance Hong Kong's competitiveness [1] - Hong Kong ranks fourth globally and first in Asia in the 2025 World Talent Ranking, showcasing its strong education system and talent competitiveness [2] Group 2: Innovation and Technology Initiatives - The report proposes various measures to establish a competitive low-altitude economy ecosystem, positioning Hong Kong as a hub for low-altitude innovation applications in the Asia-Pacific region [3] - The establishment of a guiding fund for innovation and technology will focus on investments in life sciences and artificial intelligence, enhancing Hong Kong's innovation density [3] Group 3: Industry Collaboration and Economic Transformation - The report emphasizes the importance of collaboration between academia, government, and industry to strengthen the innovation ecosystem and high-end talent pool [2] - The promotion of AI development and support for small and medium enterprises will bolster Hong Kong's research capabilities and international appeal [2][3]

会上，36氪合伙人、副总裁李政分享了其对行业的前瞻观察：今年一级市场募资端和投资端呈现同比双升态势，投资方向也逐步 转向符合国家战略导向的硬科技领域，从关注用户量、GMV到频繁地讨论起技术参数、良品率，创投市场已经从上一个"创新模 式"周期进入"硬核时代"。硬科技创业者除了需要在各自的技术领域上深耕，他们也需要产业资本多维度的赋能，更需要社会共同 搭建起一个适合创新产业发展的生态环境，而这也是产业资本的未来方向。 此外，参与本次大会的国资与财务基金掌舵人、明星创业公司及产业龙头创始人们分别带来了最前沿的理论洞察、最敏锐的资本 洞察、最真实的产业需求以及最鲜活的实战经验。一句点睛，或许就得以窥见未来一隅。让我们回顾大会嘉宾的精彩洞见—— 此刻，我们正站在产业逻辑被彻底重塑的时代转折点。 2025 产业未来大会 中国·厦门 | 9.10-9.11 9月10日，由36氪主办的2025年36氪产业未来大会在中国厦门盛大启幕。本次大会重磅携手商务部主办的"中国国际投资贸易洽谈 会"，以"精耕时代，潮涌嘉禾"为核心主题，倾力打造一场兼具国家高度、产业深度与市场热度的高规格、高价值、高影响力产业 盛典。大会紧密锚定国家战略 ...

Core Insights - The conference highlighted the collaborative development logic and practical paths of three key industries: smart cars, embodied robots, and low-altitude economy [1][2] Group 1: Industry Integration - The concept of "aggregated thinking" is identified as a hallmark of the Fourth Industrial Revolution, emphasizing the deep integration of smart cars, embodied robots, and low-altitude economy [2] - These three sectors share commonalities: they rely on artificial intelligence as a foundational technology, have over 60% supply chain overlap, and show trends of application integration [2] - The smart car industry is projected to exceed $100 billion in global component output this year, with the Chinese market expected to surpass $50 billion [2] Group 2: Shared Supply Chain - The shared supply chain is crucial for the synergistic effect of the three key sectors, covering areas such as perception, computation, actuators, batteries, communication, and materials [2][3] - Significant cost reductions in core components have been observed, such as the price of lidar dropping from 100,000 yuan in 2019 to 800 yuan today, while performance has increased significantly [3] - The demand for chips in L2-level smart cars drives innovation in mobile terminal chips, with a notable increase in the number of chips required compared to traditional vehicles [3] Group 3: Development Paths - Four practical paths for the collaborative development of the three sectors were proposed: establishing manufacturing advantages, expanding single-component companies into aggregated fields, promoting internationalization, and advancing mechanism innovation [4][5] - The manufacturing cost control is critical, with electric vehicles achieving over 10% annual cost reduction in components, which is expected to be mirrored in the robotics sector [4] - The internationalization of the Chinese autonomous driving industry is accelerating, with many companies receiving overseas orders without actively seeking them [4] Group 4: Policy and Infrastructure - A shift from single-industry thinking to integrated thinking is necessary to break down barriers between industries, technology, policy, and departments [5] - Infrastructure planning should integrate air and ground facilities with computing platforms to avoid redundancy [5] - The collaborative development of smart cars, embodied robots, and low-altitude economy is seen as essential for China's industrial upgrade and a key direction for new productivity breakthroughs [5]

Economic Development Initiatives - The Hong Kong government will establish a "Mainland Enterprises Going Global Task Force" to assist mainland companies in utilizing Hong Kong as a platform for international expansion, particularly targeting Southeast Asia and the Middle East [3] - The government aims to deepen international cooperation by seeking to establish an office for the Asian Infrastructure Investment Bank in Hong Kong and hosting several international economic conferences in the coming year [3] - Hong Kong will collaborate with exchanges in the Greater Bay Area to explore new businesses in bulk commodity trading and carbon trading, including the development of an offshore soybean spot market [3] Financial Sector Enhancements - The government plans to accelerate the development of new growth areas to solidify Hong Kong's status as an international financial center, including the establishment of an international gold trading market and a leading bond market [5] - Initiatives will encourage more companies to issue bonds in Hong Kong and promote the use of offshore Chinese government bonds as collateral in various clearing houses [5] Low-Altitude Economy Development - A "Low-Altitude Economy Development Action Plan" will be formulated, which includes enhancing core infrastructure and introducing specific legislation for non-traditional flying vehicles weighing over 150 kilograms [5][6] - The government will simplify the licensing process for low-orbit satellites and promote investments related to commercial space and aerospace technology [5] Tourism and Yacht Economy - The government will promote the yacht economy by easing requirements for visiting yachts and discussing measures for facilitating cross-border yacht travel with Guangdong Province [5] Innovation and Manufacturing - The government emphasizes the importance of technology innovation in driving high-value manufacturing and plans to introduce leading European aviation service companies to develop a sustainable aviation fuel industry [6] Local Economic Support Measures - The report includes measures to support the local economy, such as reducing water and sewage fees for non-residential users by 50% and encouraging banks to adopt more flexible credit policies for well-performing businesses [8]

Group 1 - The event "Shenzhen Enterprise Brand Going Global Service Day" was held in Longgang District, Shenzhen, focusing on building a service platform for brands, especially for small and medium-sized enterprises (SMEs) [1][3] - Approximately 150 representatives from business organizations, experts, and industry associations from countries such as Thailand, Malaysia, Singapore, and Italy participated in the event [1] - The Shenzhen Market Supervision Administration plans to enhance policy collaboration to support brand cultivation, promotion, quality improvement, and talent development for brands [3] Group 2 - The Longgang District Committee emphasized four key areas to support brand development: showcasing creativity, transforming designs into production, upgrading products to brands, and facilitating global brand expansion [3] - The China Foreign Languages Publishing Administration is actively supporting Shenzhen enterprises in overseas brand launches, product displays, and participation in international exhibitions to enhance the global influence of Chinese brands [3][5] - A cultural communication innovation cooperation base was established in Shenzhen to create a national-level public service platform for brand going global, integrating service resources into the city [5] Group 3 - The "2025 Wonderful China - Touch Shenzhen" initiative was launched to narrate Shenzhen's brand development story to the world, aiding in the integration of Shenzhen brands into the global market [7]

本报记者 刘钊 9月17日，在湖北武汉召开的首届聚合智能产业发展大会（2025）上，车百会理事长张永伟发表以《从出口"新三样"到聚 合智能"三大件"》为主题的演讲。他提出，聚合思维将成为引领产业突破的核心驱动力，而共建共用的产业链则是实现协同发 展的关键支柱，并针对性提出四大发展路径，为聚合智能产业抢占全球竞争制高点提供借鉴。 "三大件"协同发展 多领域显现协同降本效应 张永伟强调，聚合思维是第四次工业革命的标志性特征。与前三次工业革命依赖单一核心动力不同，第四次工业革命中， 新能源、人工智能等原本独立的技术加速融合，打破了传统产业的发展边界，这意味着"单一产业思维"已无法适应新形势，跨 行业的"聚合思维"成为必然选择。 这种"聚合"的本质，体现在智能汽车、具身机器人、低空经济三大领域的深度耦合：其一，技术同源，人工智能已成为三 大领域智能终端的底层核心技术，三者本质上是基于同一技术底座的不同终端产品；其二，产业链相通，三大领域的供应链重 合度超60%，共用环节远多于个性化环节，可视为"同一产业的不同功能性应用"；其三，应用融合，"天地一体"的融合终端及 配套基础设施正在涌现，三大领域的应用场景逐步交织。 从 ...

EX 36氪 合伙人、副总裁 今年一级市场募资端和投资端呈现同比双升态 势,投资方向也逐步转向符合国家战略导向的 硬科技领域,从关注用户量、GMV到频繁地讨 论起技术参数、良品率,创投市场已经从上一 个"创新模式"周期进入"硬核时代"。硬科技 创业者除了需要在各自的技术领域上深耕,他 们也需要产业资本多维度的赋能,更需要社会 共同搭建起一个适合创新产业发展的生态环 境,而这也是产业资本的未来方向。 9月10日，由36氪主办的2025年36氪产业未来大会在中国厦门盛大启幕。本次大会重磅携手商务部主办 的"中国国际投资贸易洽谈会"，以"精耕时代，潮涌嘉禾"为核心主题，倾力打造一场兼具国家高度、产业 深度与市场热度的高规格、高价值、高影响力产业盛典。大会紧密锚定国家战略导向与产业发展前沿，聚 焦人工智能、低空经济、先进制造、新能源、大消费五大核心赛道，汇聚行业顶尖力量共商发展路径、擘 画产业未来。在为期两天的议程中，大会以"产业协作链条"为逻辑主线，重点聚焦"政、资、产"三方协同 机制，深入探讨如何打破壁垒、整合资源，精准破解产业发展中的痛点堵点与瓶颈制约。 会上，36氪合伙人、副总裁李政分享了其对行业的前瞻观察： ...