中国制造的转型升级之风正刮向全球，为中国产品赢得更多尊重与认可。但我们也应清醒地认识到，与 世界其他制造强国相比，仍存在差距和挑战。在部分高端核心技术领域，需加大研发投入，突破技术瓶 颈；在品牌国际化进程中，要提升品牌的全球知名度和美誉度，打造更多具有国际影响力的中国品牌。 展望未来，中国制造将继续秉持创新驱动、时尚引领的发展理念，整合全球资源，加强国际合作，在高 质量发展轨道上砥砺前行。我们有理由相信，中国制造必将在全球舞台上绽放更耀眼光芒，为世界消费 者带来更多惊喜，为全球经济繁荣发展贡献更强大的中国力量。 （作者为中国社会科学院工业经济研究所副研究员） 在白色家电领域，海尔、美的、格力等品牌在欧美、亚太等地区的市场份额显著，冰箱、洗衣机、空调 的全球市场份额已超过50%。扫地机器人、洗地机、割草机器人等智能清洁电器逐渐成为海外消费者的 热门选择，科沃斯、石头、追觅等中国品牌的产品在欧美市场广受欢迎，部分国家的市场占有率已超过 30%。 在玩具领域，中国已连续多年保持全球最大玩具生产国、出口国地位。随着产业发展集群化、产业链上 下游日益完善、产品研发创新能力增强，多个中国玩具品牌脱颖而出，外观设计和功能从 ...

Core Viewpoint - The discussion around the "buying iPhone 15 for 2000" highlights significant consumer traps, urging consumers to remain vigilant against seemingly attractive low prices [1][3]. Group 1: Consumer Awareness - The official starting price for the iPhone 15 is 5999 yuan, making the 2000 yuan offer suspicious due to the substantial price difference [1]. - Numerous consumers have fallen victim to counterfeit and refurbished phones, leading to poor quality and performance issues [3]. - Common issues with counterfeit and refurbished phones include frequent malfunctions and safety hazards, such as battery risks [3]. Group 2: Identification and Prevention - Consumers are advised to identify counterfeit products by examining the phone's appearance and performance, noting that genuine products have superior craftsmanship and smooth operation [3]. - It is crucial for consumers to purchase from official channels, such as Apple stores or authorized dealers, and to request proper invoices [4]. - In case of falling into a consumer trap, individuals should first negotiate with the seller and, if unsuccessful, seek assistance from consumer protection agencies [4].

Group 1: EDA Supply Chain Disruption - The U.S. Department of Commerce's Bureau of Industry and Security (BIS) has mandated Synopsys and Cadence to halt the supply of EDA software tools to China, raising industry concerns [2][3] - Synopsys reported that approximately 16% of its revenue comes from China, while Cadence's revenue from China is about 12% [3] - The BIS has identified unacceptable risks associated with the use or transfer of EDA software and technology to military end-users in China [3][4] Group 2: Competitive Pricing in the EV Market - BYD has announced significant price reductions for up to 22 models of electric and plug-in hybrid vehicles, with discounts reaching as high as 35% [2][9] - The price of the "Seagull" model has been reduced from 69,800 RMB to 55,800 RMB, a decrease of 20%, while the "Seal" dual-motor hybrid sedan saw a reduction of 53,000 RMB, down to 102,800 RMB, representing a 34% drop [9][10] - The price cuts have intensified concerns about worsening competition in the EV market, potentially eroding profit margins for automakers [2][10] Group 3: Industry Competition and Regulation - The China Association of Automobile Manufacturers (CAAM) has issued an initiative to combat "involution" and unhealthy competition in the EV sector, emphasizing the need for fair competition and adherence to legal regulations [10][11] - The CAAM highlights that the rapid growth of the EV market, with new car sales exceeding 40%, is being undermined by price wars that negatively impact industry profitability [10][11] - The association calls for all companies to comply with fair competition principles and avoid practices that disrupt market order and harm the interests of other operators and consumers [10][11]

Investment Rating - The report gives a positive outlook on Xiaomi Group (1810.HK), indicating a target price of HKD 65-75, suggesting a potential upside of 30%-45% from the current stock price [29]. Core Insights - Xiaomi Group's Q1 2025 performance exceeded market expectations, with total revenue reaching CNY 111.3 billion, a year-on-year increase of 47.4%, and adjusted net profit surpassing CNY 10.7 billion, up 64.5% year-on-year [2][27]. - The smartphone business showed significant growth, with revenue of CNY 50.6 billion, a year-on-year increase of 8.9%, and a global market share that remains in the top three [5][27]. - The electric vehicle segment also demonstrated strong performance, with revenue of CNY 18.6 billion, a year-on-year increase of 10.7%, and a gross margin of 23.2% [14][15]. - The IoT and lifestyle products segment achieved record revenue of CNY 32.3 billion, growing over 55% year-on-year, driven by significant sales in smart home appliances [20][23]. Summary by Sections Smartphone Business - Xiaomi's smartphone revenue reached CNY 50.6 billion in Q1 2025, with a global shipment of 41.8 million units, marking a 3% increase year-on-year [5]. - The average selling price (ASP) of smartphones reached CNY 1,211, a historical high, with high-end models (above CNY 3,000) accounting for 25% of shipments [9]. - The company aims to increase the proportion of mid-to-high-end models and plans to invest CNY 30 billion in R&D in 2025 [9][29]. Electric Vehicle Business - The electric vehicle segment's revenue was CNY 18.6 billion, with a gross margin of 23.2%, significantly higher than competitors [14][15]. - The SU7 series delivered 75,869 units, maintaining a strong market position in the CNY 200,000+ segment [14]. - The company plans to increase its annual delivery target from 300,000 to 350,000 units for 2025 [19]. IoT and Lifestyle Products - The IoT and lifestyle products segment generated CNY 32.3 billion in revenue, with a year-on-year growth of over 55% [20]. - The number of connected IoT devices reached 943.7 million, a 20.1% increase year-on-year [21]. - Xiaomi plans to enhance its product matrix and expand its presence in overseas markets, targeting a 45% share of IoT revenue from international markets by 2025 [21][23]. Internet Services - The internet services segment achieved revenue of CNY 9.1 billion, a year-on-year increase of 12.8%, with a gross margin of 76.9% [23][24]. - The number of MIUI monthly active users reached 719 million, a 9.2% increase year-on-year, indicating strong user growth [24].

Industry Overview - The U.S. President Trump announced an increase in steel and aluminum import tariffs from 25% to 50%, aimed at protecting the domestic steel industry, effective June 4 [1] - The China Council for the Promotion of International Trade reported that over $3 billion in cooperation agreements were signed between China and Latin American countries this year [2] - The China Association of Automobile Manufacturers reported that the total import and export value of automotive goods in April was $23.09 billion, with a month-on-month increase of 6.8% but a year-on-year decrease of 2.2% [3] - Hong Kong's overall export value in April increased by 14.7% year-on-year, reaching HKD 434.5 billion, while imports rose by 15.8% [4] Company Performance - Pinduoduo's latest quarterly report showed revenue of approximately RMB 95.7 billion, a 10% year-on-year increase, but operating profit fell by 38% [5] - Kuaishou reported a 32.7% year-on-year increase in overseas revenue, achieving positive operating profit for the first time in a single quarter [6] - Bawang Tea's overseas market GMV grew by 85% year-on-year, with total GMV reaching RMB 8.23 billion in Q1 [13] - Xiaomi's global smartphone shipments reached 41.8 million units in Q1, marking a 3% year-on-year increase [14] - Nayuki Tea's new store in Thailand generated nearly THB 350,000 (approximately RMB 77,000) in its first month of operation [15] Market Expansion - Temu has officially launched its overseas warehouses in the U.S., preparing for significant local stock [9] - Taobao is entering the Australian market, offering free shipping and local return services during the 618 shopping festival [10] - AliExpress has opened its platform to local sellers in Germany, enhancing its competitive edge in the local e-commerce landscape [11] - Didi has launched its overseas car-hailing service in 11 countries and 26 cities to cater to Chinese tourists [12] - GAC Group has officially entered the Brazilian market, planning to sell 8,000 vehicles by the end of this year and 29,000 by 2026 [18]

Core Viewpoint - Xiaomi, founded by Lei Jun, is transitioning from a smartphone company to a hardcore technology firm, focusing on self-developed chips to challenge the semiconductor industry [1][4][6]. Group 1: Xiaomi's Historical Context and Strategy - Xiaomi's history reflects Lei Jun's ability to capture market opportunities, starting with the launch of high-cost performance smartphones during the mobile internet boom [4][6]. - The company achieved significant market penetration in India, capturing 26% of the market by 2019 through localized operations and competitive pricing [5]. - The decision to enter the electric vehicle market coincided with a critical point in China's EV adoption, with Xiaomi's SU7 becoming a top seller in its category [5][6]. Group 2: Current Market Dynamics - The recent U.S. semiconductor export controls create a challenging environment for Chinese companies, but also present opportunities for domestic firms to fill the void left by American companies [8][10]. - The demand for AI technology is surging, which aligns with Xiaomi's strategic move to develop its own chips, indicating a significant market potential [11]. Group 3: Technical Feasibility of Chip Development - Xiaomi's self-developed chip, the Xuanjie O1, claims to achieve advanced 3nm process technology, suggesting a strong design capability [13][14]. - However, the manufacturing of high-performance chips remains a significant challenge, with only a few companies capable of such production, primarily TSMC [14][15]. - The current state of China's semiconductor manufacturing capabilities, particularly with SMIC, indicates a gap in achieving the same level of production efficiency as TSMC [14][15]. Group 4: Future Outlook - While Xiaomi's design capabilities are promising, the journey towards self-sufficient chip manufacturing is just beginning, requiring advancements in domestic manufacturing technology [16][15]. - The ability to maintain momentum in the semiconductor space will depend on Xiaomi's transition from a software and marketing-focused company to a robust manufacturing entity [16].

点击图片▲立即试听 " 美国想让制造业回流成为中国的样子，一个踏实劳作的 ' 生产者社会 ' ；而中国想努力扩大消费成为美国的样子，一个繁荣向上的 ' 消费者社会 ' 。 " 文 / 巴九灵（微信公众号：吴晓波频道） 硕大的印有"美国钢铁"的横幅，排列井然的黑色钢卷，在一群戴着头盔的工人的簇拥下，特朗普站上讲台中央，聚光灯照在他那张坚定的脸上。 5月30日，特朗普在宾夕法尼亚州匹兹堡附近的一家新成立的钢铁公司召开集会。他说要让这家企业留在美国，没有谁能抢走美国工人的饭碗。他 给出的" 药方"是：从6月4日起，将进口钢铁和铝的关税从25%提高至50%！ 特朗普在宾州的集会 台下 欢呼声不绝。 匹兹堡是美国著名的"钢都"，全美一半的钢铁曾出产于此。1960年代后，这座资源型城市站在了去工业化的时代前沿，沦 为"铁锈区"。今天，经历三轮城市复兴，它转型为医疗和高科技工业之都，但和"钢铁"几乎没有关系了。 此时此刻的匹兹堡，更像是一个美国制造业回归的精神符号。 而在大洋彼岸的中国上海商场里，也挂起了横幅，只不过上面写满了眼花缭乱的"以旧换新""国家补贴"——这是中国给出的"药方"。据昨日商务部 披露的最新数据，今年以 ...

1.【GT赛车之父称小米团队令人惊喜】《GT 赛车》系列制作人山内一典今日在社交媒体上发文透 露："我有机会和小米 CEO 雷军先生进行了交流。虽然我们还没有正式发布 Gran Turismo 的中文 版，但小米的各位成员都是 Gran Turismo 的狂热粉丝，真是个令人惊喜的发现。" 山内一典是日本 知名赛车手、游戏设计师，他所主导开发的《GT 赛车》系列是全球最知名的赛车游戏之一。（中华 网） 2.【小米王化疑回怼余承东】6月1日，小米集团公关部总经理王化发文：2025年5月，小米汽车交付 量超过28000台。同时，我们正在为小米YU7 大规模量产做准备。 感谢大家的支持与青睐。 很喜欢 的一句话送给大家：墙上芦苇，头重脚轻根底浅；山间竹笋，嘴尖皮厚腹中空。 此前，华为常务董 事、终端BG董事长余承东在2025未来汽车先行者大会上的一番言论，被指暗讽小米。（网易新闻） 3.【福特汽车召回美国境内29501辆车辆】近日，福特汽车召回美国境内29501辆车辆，因控制臂脱 落可能导致车辆失去转向和控制，增加发生事故的风险。 更多汽车出行资讯 …… 4.【福特领睿心动版上市：1.5T动力，售价9.88万元】6 ...

6月1日，雷军发布微博称，2025年5月小米su7交付量超28000台。我们正在全力为小米yu7大规模量 产做准备，预计7月份量产。此外，雷军还表示，刚学会一句莫言名言：诋毁，本身就是一种仰 望。 对此，不少网友解读为对余承东言论的隔空回应，相关话题冲上微博热搜。 来源：第一财经 端午送好礼 为感恩每一位关注与支持新华网财经的朋友，我们精心筹备了端午惊喜福利！ 参与方式超简单：关注新华网财经微信公众号，并在本篇文章下方的评论区留言。我 们将选取前两位留言的幸运儿，送上极具特色的「夏午唱游 蜀韵山河」端午风物礼 盒！先到先得哦！每位朋友仅可领取一份，可别错过啦～ 如果这次与福利擦肩也别遗憾！端午假期期间，我们将在每日的推送中持续派送礼 盒。快把我们设为星标，不错过每一份好运！ 「夏午唱游 蜀韵山河」端午礼盒 据《证券时报》此前报道，在本届未来汽车先行者大会上，余承东称："大家看到，从其他行业来的这 个公司只做一款车就卖爆了。虽然它的产品可能不是那么好，但卖得很爆"，余承东意有所指，"无论它 的质量，甚至它的智驾能力都很……"。 余承东说，正是因为这家企业有强大的品牌能力、流量能力，所以一个产品就能打爆。"我们做 ...

Group 1: Industry Insights - A series of themed events will be launched to help Chinese companies explore opportunities in Indonesia's $50 billion healthcare market, featuring insights from Indonesian government officials [2] - The Chinese Ministry of Commerce announced the completion of the 3.0 version upgrade negotiations for the free trade area with ASEAN, aiming to enhance trade and investment cooperation [12] - The China-Middle East and Gulf Cooperation Council (GCC) summit highlighted the potential for deeper economic collaboration, particularly in digital economy and green energy sectors [12] Group 2: Company Developments - Bawang Tea Ji reported a 38% year-on-year increase in total GMV to 8.23 billion yuan in Q1 2025, with overseas GMV growing by 85.3% to 178 million yuan [3] - Kuaishou's overseas revenue reached 1.3 billion yuan in Q1 2025, marking a 32.7% year-on-year growth, with the company achieving its first quarterly operating profit in international markets [3] - Wanglaoji has initiated local production in Malaysia, marking its first overseas manufacturing venture, which will also serve markets in Indonesia and Thailand [4] Group 3: Market Expansion - GAC Group has officially launched operations in Brazil, planning to establish 120 sales points by the end of 2025 and introduce five new vehicle models [9] - Xiaomi's Q1 2025 revenue reached 111.3 billion yuan, a 47.4% increase, with a focus on expanding its market share in Africa [7] - Pinduoduo's Q1 2025 revenue was 95.7 billion yuan, a 10% year-on-year increase, but faced challenges with a 38% decline in operating profit [8] Group 4: Strategic Partnerships - Xiaoma Zhixing has partnered with the Dubai Roads and Transport Authority to launch a Robotaxi fleet, with plans for full commercial operation by 2026 [6] - WeRide is set to enter the Saudi market with plans for comprehensive Robotaxi services by 2025, having already tested its products in key cities [6] - Meituan's new business segment reported a revenue increase of 19.2% to 22.2 billion yuan in Q1 2025, with a focus on international expansion [6]