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。 ...

Core Viewpoint - Honda Motor is set to gradually resume normal operations at its North American vehicle assembly plants starting Monday, indicating a recovery from production disruptions caused by a shortage of Nexperia chips [1] Group 1 - Honda Motor's North American vehicle assembly plants will begin normal operations again, signaling a positive shift in production capabilities [1] - The production disruptions were primarily due to a shortage of Nexperia chips, which affected the automotive supply chain [1]

Core Viewpoint - The company's performance in Q3 2025 met expectations, with significant revenue growth driven by increased sales and an optimized product matrix [1][2]. Performance Review - For the first three quarters of 2025, the company's revenue increased by 43% year-on-year to 239.5 billion yuan, while net profit attributable to shareholders remained flat at 13.1 billion yuan [1]. - In Q3 2025, operating revenue rose by 48% quarter-on-quarter and 15% year-on-year to 89.2 billion yuan, with net profit attributable to shareholders increasing by 56% quarter-on-quarter and 6% year-on-year to 3.82 billion yuan [1]. Development Trends - Sales volume surged by 46% year-on-year to 2.1702 million vehicles in the first three quarters of 2025, with Q3 2025 sales increasing by 43% quarter-on-quarter and 8% year-on-year to 761,000 vehicles [1]. - By brand, sales in Q3 2025 were 53,000 for Zeekr, 87,000 for Lynk & Co, and 327,000 for Galaxy, with quarter-on-quarter increases of 7%, 7%, and 13% respectively [1]. - The company is focusing on overseas markets, with Q3 2025 export sales increasing by 19% quarter-on-quarter to 112,000 vehicles [1]. Profitability and Quality Improvement - The gross profit margin in Q3 2025 improved by 1 percentage point year-on-year to 16.6%, benefiting from economies of scale and enhanced profitability of new energy vehicles [2]. - The company effectively managed expenses, with the combined sales, management, and research expense ratio decreasing by 0.7 percentage points quarter-on-quarter to 12.4% [2]. Shareholder Returns and Product Upgrades - The company announced a large-scale share buyback plan in Q3 2025, demonstrating a commitment to shareholder returns [2]. - The product strategy focuses on full-domain intelligence, with new models like the Galaxy A7 and Zeekr 9X set to launch in the second half of the year [2]. Profit Forecast and Valuation - Due to a strong new car cycle and the ramp-up of models like Galaxy M9 and Lynk & Co 900, the company raised its net profit forecasts for 2025 and 2026 by 4.5% and 11.9% to 16.9 billion yuan and 19.7 billion yuan respectively [2]. - The current stock price corresponds to a price-to-earnings ratio of 9.4 times for 2025 and 8.0 times for 2026, with a target price of 26.00 HKD, indicating a potential upside of 51.2% from the current price [2].

Group 1 - The National Robot Industry Index decreased by 0.7%, while the China Securities Intelligent Electric Vehicle Index fell by 1.6%. In contrast, the China Securities Consumer Electronics Theme Index rose by 0.4%, and the China Securities Internet of Things Theme Index increased by 0.3% [1][4][8] - The EasyOne ETF for robots saw a net subscription of 12 million units in half a day, indicating strong investor interest in the sector [1] - Huajin Securities believes that with the release of Xpeng's IRON, the industrialization of humanoid robots is accelerating, and the design of fully covered flexible skin and specific humanoid shapes may become the next trend in humanoid robots [1] Group 2 - The Intelligent Electric Vehicle Index is expected to represent a significant direction for embodied intelligence, covering various industry chain links including power systems, perception systems, decision systems, execution systems, communication systems, and vehicle production [4] - The Consumer Electronics Index focuses on AI hardware, which is currently a major category of smart terminal products, involving companies engaged in component production and complete brand design and manufacturing [6]

Core Viewpoint - XPeng's stock price fell over 10% on Monday, entering a bear market after a decline of over 20% from its peak this year, despite reporting strong financial results [1] Financial Performance - The company published strong financial results, indicating robust performance [1] Market Competition - XPeng warned about its growth prospects due to increasing competition in the Chinese market [1]

Chinese-owned EV maker Polestar risks becoming a stranded asset, writes @chrismbryant (via @opinion) https://t.co/YHlCp4DBHq ...

Core Insights - Elon Musk criticized Jeff Bezos's new startup, Project Prometheus, labeling him a "copycat" in a social media post, highlighting the competitive nature between their companies [2][3] Group 1: Project Prometheus - Project Prometheus is Jeff Bezos's latest venture focused on developing AI tools for various sectors including automotive, space, and robotics, with reported funding of $6.2 billion [3] - The startup has attracted talent from major tech companies, including Meta Platforms and OpenAI, indicating a strong recruitment strategy [3] Group 2: Competitive Landscape - Musk and Bezos are direct competitors, with Musk's SpaceX and Bezos's Blue Origin both operating in the aerospace sector, and Project Prometheus potentially competing with Musk's xAI [2] - Bezos's backing of Slate Auto, which aims to launch an affordable electric vehicle pickup truck, positions it as a competitor to Tesla [2] Group 3: Tesla's Position - Musk defended Tesla against criticism regarding its AI spending, stating that the company has not prioritized spending in AI training for Full Self-Driving (FSD) as it was not a limiting factor [6] - Tesla's stock showed positive momentum, with a 1.13% increase to $408.92 at the end of the regular trading session and a further 0.30% rise in after-hours trading [6]