格隆汇11月17日丨零跑汽车(09863.HK)宣布，董事会收到股东Stellantis集团提议，因Douglas Ostermann 职务变动，建议免去Douglas Ostermann作为第二届董事会非执行董事的职务，同时提名Davide Mele为 第二届董事会非执行董事。 ...

Kevin Hanks live at the CBOE for the pre-bell playbook is joining me. And futures are under a bit of pressure here. It was interesting to see how people did step in and buy some dips on Friday.That brought a little optimism or at least less uncertainty or doom and gloom because um that was a mixed bag there and that felt pretty good. What are you looking here as we have down arrows this morning. >> Good morning, Nicole.Yeah, the Fed speaker correction continues this morning as we work through uh pre-opening ...

Financial Data and Key Metrics Changes - Revenue for Q3 2025 totaled $0.3 million, up from $0.1 million in Q3 2024, indicating a significant increase [10] - Gross profit for Q3 2025 was negative $0.2 million, an improvement from negative $0.3 million in the same period last year [10] - Operating loss for Q3 2025 was $11.5 million, compared to a loss of $12.4 million in Q3 2024, showing a reduction in losses [11] - Net loss in Q3 2025 was $11 million, down from a net loss of $12.6 million in Q3 2024 [11] - As of September 30, 2025, the company held $52.6 million in cash and cash equivalents [12] Business Line Data and Key Metrics Changes - The company is focused on securing design wins with OEMs for its radar technology, which is crucial for ADAS and autonomous driving programs [4][5] - A top Japanese OEM has ordered radar kits for level 4 development activities, indicating strong demand for Arbe's technology [5] Market Data and Key Metrics Changes - Global economic shifts are causing some OEMs to postpone new model launches, but Arbe's market position continues to strengthen [6][12] - The company is seeing increasing demand in the defense sector and has expanded into the maritime domain [7][8] Company Strategy and Development Direction - Arbe aims to secure four design wins with OEMs in the next three quarters, focusing on premium models initially, with plans to expand to non-premium models over time [6][17] - The company expects initial revenues from its radar technology to begin in 2027, with a ramp-up in 2028 as chipsets are used in high-volume production [7] Management's Comments on Operating Environment and Future Outlook - Management noted that dialogues with OEMs are progressing well, with a clearer path to decision-making emerging [26] - The company anticipates that most revenues in 2026 will come from non-automotive sectors, with a ramp-up in revenues from China expected [29][30] Other Important Information - Arbe won two prestigious automotive technology industry awards in Q3 2025, highlighting its technological advantages [8] - The company welcomed a new board member with extensive experience in the automotive industry, which may enhance its strategic direction [9] Q&A Session Summary Question: Is the guidance for four design wins referring to four separate OEMs? - Yes, it refers to four different OEMs, with decisions expected from at least five OEMs in the next three quarters [17] Question: What factors could swing the revenue guidance for Q4 from low to high? - The timing of customer decisions on NRE programs will significantly impact revenue recognition in Q4 [20] Question: Can you provide insights into the conversations with OEMs and reasons for decision delays? - Dialogues are positive, but earlier delays were due to uncertainty regarding tariffs; now, a clearer path to decisions is expected [26] Question: How should one model revenue and expenses for 2026 and 2027? - Most revenues in 2026 are expected from non-automotive sectors, with stable operating expenses anticipated [30]

Big moves in some of the top weighted stocks for the week. Nvidia, Tesla, Palunteer, Broadcom, Amazon, all down between anywhere from 2 to 8% as you can see there in that graphic. So, what's behind the move.And have we fallen too far too fast. Let's bring in Frank Cavaleri, founder and CEO over at Capthesis. He's also a CNBC pro contributor.Also with us is Sarah Kun, the managing director at Cleo Capital. Uh we're going to have a kind of more roundtable conversation about this because we'll have varying vie ...

Ford has reached a deal with Amazon to let customers purchase certified used cars through the online retail giant https://t.co/zYA1vsnUGg ...

Core Insights - Global electric car sales are projected to exceed 20 million units in 2025, representing over 25% of total car sales worldwide, marking a 17.6% increase from the previous year [1] Investment Opportunities - Investors may consider electric vehicle (EV) focused exchange-traded funds (ETFs) such as Global X Autonomous & Electric Vehicles ETF (DRIV), KraneShares Electric Vehicles & Future Mobility ETF (KARS), State Street SPDR S&P Kensho Smart Mobility ETF (HAIL), and iShares Self-Driving EV and Tech ETF (IDRV) for exposure to the EV market [2][3] Company Performance - Tesla is facing increased competition from Chinese automakers, impacting its sales performance, which has seen a decline in the first half of 2025 after a drop in annual deliveries in 2024 [4][5] - BYD Company is experiencing profit margin losses due to aggressive pricing strategies and competition in the Chinese market, leading to stalled sales momentum [7] ETF Performance - Global X Autonomous & Electric Vehicles ETF (DRIV) has net assets of $330.38 million and has surged 28.5% year to date, with top holdings including Tesla and Toyota Motors [9][10] - KraneShares Electric Vehicles & Future Mobility ETF (KARS) has net assets of $81.85 million and has increased by 49% year to date, with significant holdings in Tesla and BYD [11][12] - State Street SPDR S&P Kensho Smart Mobility ETF (HAIL) has assets worth $21.16 million and has gained 19% year to date, focusing on companies driving smart transportation innovation [13][14] - iShares Self-Driving EV and Tech ETF (IDRV) has net assets of $168.92 million and has risen 32.6% year to date, with major holdings in Tesla and Xpeng [15]

Based on what we see now, we believe we are well-positioned to secure the key European OEM program I discussed earlier in the short term and additional three program wins within the next three quarters. Our initiatives are aligned with the path to OEM selection, and we continue to expect that Arbe Robotics Ltd.'s radar technology will serve as a key enabler for 2028 passenger vehicle platforms. We expect the initial revenues will begin in 2027 with a ramp-up in 2028 as our chipsets are used in high-volume p ...

Financial Data and Key Metrics Changes - XPeng reported total revenues of RMB 20.38 billion for Q3 2025, a 101.8% increase year-over-year and an 11.5% increase quarter-over-quarter [25] - Vehicle sales revenues were RMB 18.05 billion, reflecting a 105.3% year-over-year increase and a 6.9% quarter-over-quarter increase [25] - Gross margin reached 20.1%, up from 15.3% in Q3 2024 and 17.3% in Q2 2025 [26] - Net loss narrowed to RMB 0.38 billion, compared to RMB 1.81 billion year-over-year and RMB 0.48 billion quarter-over-quarter [27] - Cash reserves totaled RMB 48.33 billion as of September 30, 2025 [28] Business Line Data and Key Metrics Changes - Vehicle deliveries totaled 116,007 units in Q3 2025, a 149% increase year-over-year [6] - Revenues from services and others were RMB 2.33 billion, representing a 78.1% year-over-year increase [26] - The XPeng P7 became one of the top three BEV sedans, contributing to over 40,000 monthly deliveries starting in September [6] Market Data and Key Metrics Changes - Monthly overseas deliveries exceeded 5,000 units for the first time in September 2025, a 79% increase year-over-year [13] - XPeng expanded its sales and service network to 52 countries and regions, with 56 new overseas stores opened during Q3 [13] Company Strategy and Development Direction - XPeng aims to achieve break-even in Q4 2025 and plans to mass-produce its VLA 2.0 model, Robotaxi, and humanoid robots by 2026 [7][9] - The company is focused on developing a portfolio of technologies and products in physical AI, with plans to open-source its physical world model [9][16] - XPeng launched pre-sales for the XPeng X9 Super Extended Range EV, targeting a broader market and aiming to increase NEV market share [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving significant sales growth opportunities through the introduction of new models and expansion into international markets [12][70] - The company anticipates total deliveries in Q4 2025 to reach between 125,000 and 132,000 units, reflecting a year-over-year growth of 36.6%-44.3% [23] - Management highlighted the importance of collaboration with partners to enhance the Robotaxi ecosystem and drive future growth [61] Other Important Information - XPeng's R&D expenses increased to RMB 2.43 billion, reflecting a 48.7% year-over-year increase [26] - The company plans to introduce three super extended range products in Q1 2026 to capture more of the EREV market [12] Q&A Session Summary Question: XPeng's long-term competitive advantage in physical AI - Management emphasized that the integration of full-stack technology and cross-domain capabilities will differentiate XPeng from traditional automakers [31][34] Question: Revenue from collaboration with Volkswagen - Management expects revenue from technical collaboration to remain comparable to Q3 levels in Q4, with Turing SoC revenue starting to ramp up in 2026 [36][38] Question: Humanoid robot strategy and competitive advantage - Management highlighted XPeng's unique approach to humanoid robots, focusing on human-like features and full-stack R&D capabilities [42][45] Question: Commercialization milestones for humanoid robots - Management outlined the challenges of mass production and the goal of integrating advanced capabilities by the end of 2026 [49][52] Question: Robotaxi service launch in 2026 - Management explained that the launch is based on achieving key technological milestones and aims to address current industry challenges [56][58] Question: Revenue estimates for new businesses - Management refrained from providing specific numerical guidance but expressed confidence in the potential for rapid growth in new business areas [65][67] Question: Details on new vehicle models and pricing - Management confirmed the launch of the XPeng X9 and additional models in various price segments, targeting both domestic and international markets [68][70]

Financial Data and Key Metrics Changes - XPENG reported total revenues of RMB 20.38 billion for Q3 2025, a 101.8% increase year-over-year and an 11.5% increase quarter-over-quarter [24] - Vehicle sales revenues were RMB 18.05 billion, reflecting a 105.3% year-over-year increase and a 6.9% quarter-over-quarter increase [24] - Gross margin reached 20.1%, up from 15.3% in Q3 2024 and 17.3% in Q2 2025 [25] - Net loss narrowed to RMB 0.38 billion, compared to RMB 1.81 billion year-over-year and RMB 0.48 billion quarter-over-quarter [26] Business Line Data and Key Metrics Changes - Vehicle deliveries totaled 116,007 units in Q3 2025, a 149% increase year-over-year [6] - Revenues from services and others were RMB 2.33 billion, representing a 78.1% year-over-year increase [25] - R&D expenses increased to RMB 2.43 billion, a 48.7% year-over-year rise [26] Market Data and Key Metrics Changes - Monthly overseas deliveries exceeded 5,000 units for the first time in September 2025, a 79% increase year-over-year [13] - The company expanded its sales and service network to 52 countries and regions, with 56 new overseas stores opened during Q3 [13] Company Strategy and Development Direction - XPENG aims to achieve break-even in Q4 2025 and is focused on Physical AI R&D, targeting mass production of VLA 2.0 models, Robotaxi, and humanoid robots by 2026 [7][9] - The company plans to launch three super extended range products in Q1 2026 to capture more of the EREV market [12] - XPENG is developing an extensive portfolio of technologies and products in the physical AI space, with a goal to become a leading global company in embodied intelligence [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving significant sales growth opportunities through the introduction of new models and expansion into international markets [22] - The company anticipates total deliveries in Q4 2025 to reach between 125,000 and 132,000 units, reflecting a year-over-year growth of 36.6%-44.3% [22] - Management highlighted the importance of an open and dynamic ecosystem for unlocking the full potential of physical AI [9] Other Important Information - XPENG's first European localized production facility in Austria commenced operations, with initial batches of XPENG G6 and G9 produced [13] - The company plans to open-source its VLA 2.0 model to global commercial partners, with Volkswagen as the initial launch customer [16] Q&A Session Summary Question: XPENG's long-term competitive advantage in physical AI - Management emphasized the shift from traditional automaking to a physical AI model, focusing on full-stack technology capability and cross-domain integration [30][31] Question: Revenue from collaboration with Volkswagen - Revenue from technical collaboration is expected to remain comparable to Q3 levels in Q4, with Turing SoC revenue starting to be recognized in Q4 [34][35] Question: Humanoid robot strategy and competitive advantage - Management highlighted XPENG's unique approach to humanoid robots, focusing on human-like features and full-stack R&D capabilities [40][42] Question: Commercialization milestones for humanoid robots - Management outlined the challenges of mass production and the goal to implement robots in commercial scenarios by 2026 [45][47] Question: Robotaxi service launch in 2026 - Management discussed the inflection points in R&D that will enable the launch of Robotaxi services, emphasizing cost reduction and operational efficiency [51][52]

Core Insights - Amazon has begun allowing customers to browse and purchase Ford Motor vehicles directly on its e-commerce platform, enhancing online shopping options for consumers [1] - This initiative follows Hyundai's similar move, indicating a trend towards online vehicle sales to provide alternatives to traditional dealership experiences [1] Company Developments - Ford Motor vehicles are now available for purchase on Amazon, marking a significant step in the automotive industry's shift towards e-commerce [1] - The collaboration with Amazon reflects Ford's strategy to adapt to changing consumer preferences and improve accessibility for potential buyers [1] Industry Trends - The automotive industry is increasingly embracing online sales platforms, as evidenced by Ford and Hyundai's recent initiatives [1] - This trend suggests a growing consumer demand for convenience and a desire to avoid the traditional dealership experience [1]