January 9, 2026 | Ben Snider | Goldman Sachs & Co. | 1.212.357.1744 | ben.snider@gs.com | | --- | --- | --- | --- | | Ryan Hammond | Goldman Sachs & Co. | 1.212.902.5625 | ryan.hammond@gs.com | Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures, go to https://research.gs.com and www.gs.com/research/hedge.html c45a43530f604d12bcb9a82b5aa6b9f6 Earnings growth is the primary driver of equity returns US Equi ...

Group 1 - The core viewpoint of the article is that Pony.ai and BAIC New Energy are deepening their strategic partnership to accelerate the development and commercialization of autonomous taxi services [1] Group 2 - The collaboration aims to enhance the research and development efforts in the field of autonomous driving technology [1] - This partnership is expected to contribute significantly to the growth of the autonomous vehicle market in China [1]

格隆汇1月10日｜小米汽车发布答网友问表示，新一代小米SU7在各个方面都进行了大幅升级，因此其 整备质量相比第一代小米SU7的确略有增长。新一代SU7全系标配了2200MPa 小米超强钢「内嵌式防滚 架」、全系标配265mm后宽胎、全系标配前四活塞固定制动卡钳，以及座椅和其他舒适性配置升级 等，使得新一代SU7的每个版本相比第一代SU7的整备质量都有一定的增加。但其最大满载质量和第一 代小米SU7一样，都是450kg，载人和储物能力保持相同。同时，重量的增加并不会影响新一代SU7在 续航、制动和操控等方面的表现，通过多项技术升级，新一代SU7实现了更好的安全性、更长的续航、 更快的充电效率、更优秀的制动及操控表现。 ...

Core Insights - Pony.ai and BAIC BJEV have announced a comprehensive upgrade to their strategic partnership to enhance the mass production and commercialization of autonomous driving solutions [1][5] - The partnership aims to address challenges in scaling Level 4 (L4) autonomous driving from pilot programs to sustainable commercial operations [2] Partnership Details - The new agreement focuses on the design and development of purpose-built Robotaxi models, optimizing vehicle architectures and in-cabin systems for better autonomous operations and passenger experience [3] - Collaboration will extend to user acquisition, fleet operations, and vehicle maintenance, leveraging BAIC BJEV's strengths in manufacturing and supply chain to reduce the bill of materials (BOM) and operating costs [4] Strategic Goals - The partnership reflects a commitment to transition autonomous driving from technical readiness to large-scale commercial reality, combining Pony.ai's technology with BAIC BJEV's manufacturing expertise [5] - The aim is to build a more efficient and sustainable intelligent mobility ecosystem with global competitiveness [5] Previous Collaborations - Since their collaboration began in 2024, the companies have developed the Arcfox Alpha T5 Robotaxi, with over 600 units produced and currently in operation in Beijing and Shenzhen [5][6] - The Arcfox Alpha T5 features upgrades in pick-up convenience and ride comfort, enhancing public acceptance of fully autonomous mobility services [6] Global Expansion Plans - Pony.ai operates in eight countries and plans to introduce the Arcfox Alpha T5 Robotaxi to strategic global markets, including Europe and the Middle East [7] - The partnership has seen nearly RMB 1 billion invested in autonomous driving research and development, with further capital investment expected to support joint priorities [8]

1月8日，小鹏汽车董事长何小鹏在新车发布会上谈此前在美试驾特斯拉FSD感受，他认为只能用一个词 来形容就是震惊。此前他以为无论是NGP还是FSD都只是更好的L2，何小鹏还提到，以前自己试过中国 和海外不同公司的城市驾驶辅助，感觉坐到后面都是半斤八两，实际上是可以用但要小心用，但这一次 去硅谷体验完FSD后他感到很震惊，他觉得小鹏从VLA1.0跳到VLA2.0变化速度已经非常快，但对于特 斯拉这一次V14的升级，可以用同样的硬件同样的算力完全升级到一个不一样的状态，他感到很惊讶， 如果你没有体验过，不会有一种全新时代的开始的感觉。 责任编辑：江钰涵 责任编辑：江钰涵 来源：麻辣车评 来源：麻辣车评 1月8日，小鹏汽车董事长何小鹏在新车发布会上谈此前在美试驾特斯拉FSD感受，他认为只能用一个词 来形容就是震惊。此前他以为无论是NGP还是FSD都只是更好的L2，何小鹏还提到，以前自己试过中国 和海外不同公司的城市驾驶辅助，感觉坐到后面都是半斤八两，实际上是可以用但要小心用，但这一次 去硅谷体验完FSD后他感到很震惊，他觉得小鹏从VLA1.0跳到VLA2.0变化速度已经非常快，但对于特 斯拉这一次V14的升级，可以用 ...

Group 1 - The German automaker experienced a significant decline in sales in the United States last year [1] - The drop in sales was attributed to tariffs and the cessation of tax credits for electric vehicles [1]

Core Insights - The chairman and CEO of XPeng Motors, He Xiaopeng, praised the launch of Gaode's "Flying Street View" on Weibo, highlighting its potential to allow small businesses to create "flying" storefronts using mobile phones [1] - This development is seen as not just an upgrade in experience but also a significant breakthrough in AI's ability to understand and replicate the physical world [1] - The company believes that world models will become the core technological foundation driving the next generation of vehicles, robots, and flying cars [1] - XPeng Motors is committed to deepening its exploration of physical AI and the integration of the physical world with AI [1] - The company looks forward to collaborating with Gaode Map and other industry players to further advance this initiative [1]

据IT之家此前报道，在本月 3 日的新年直播中，小米创办人、董事长兼 CEO 雷军透露， 小米汽车 定制服务以往是百万豪车才有的，小米想让二三十万的车主也能享受到 ，定制服务很辛苦、很不容 易。 小米汽车在去年 9 月推出了定制服务，首批共提供 26 项个性化配置选项，涵盖了车辆外观、内 饰、细节标识等多个维度。首期覆盖小米 YU7 Max 和小米 SU7 Ultra 两款高端车型，服务定金为 80000 元，以每月限量 40 台的方式开启为期一年的试运营。 1 月 9 日下午，小米汽车官微发文宣布： 全国首台小米定制服务车型 ——SU7 Ultra 竞速红，交 付完成。 根据介绍，该车车主是来自北京的孙先生，偏爱红色，选择了极夜黑 + 冰河蓝双色内饰。 ...

Market Performance - The S&P 500 rose 0.6%, reaching a new all-time high, while the Dow Jones Industrial Average increased by 237 points (0.5%) and also set a record. The Nasdaq composite led with a 0.8% gain [1][16] - The S&P 500 closed at 6,966.28, the Dow at 49,504.07, and the Nasdaq at 23,671.35 [6][16] Company Developments - Vistra's stock surged 10.5% after signing a 20-year agreement to supply electricity from three nuclear plants to Meta Platforms [1][16] - Oklo's shares jumped 7.9% following a deal with Meta Platforms to secure nuclear fuel and advance its project in Pike County, Ohio [2][16] - Homebuilders and housing-related companies saw strong performance after President Trump announced a plan to lower mortgage rates, with Builders FirstSource rising 12%, Lennar up 8.9%, D.R. Horton climbing 7.8%, and PulteGroup increasing by 7.3% [1][16] - General Motors experienced a 2.7% decline after announcing a $6 billion hit to its results for Q4 2025 due to its pullback from electric vehicles, in addition to a $1.6 billion charge from the previous quarter [5][16] - WD-40's stock fell 6.6% after reporting weaker-than-expected profits, attributed to timing issues rather than demand [6][16] Economic Indicators - The U.S. job market showed mixed signals, with fewer hires in December than expected, but an improved unemployment rate, indicating a "low-hire, low-fire" state [1][16] - Consumer sentiment is reportedly strengthening, particularly among lower-income households, with inflation expectations at their lowest in a year, potentially allowing the Fed more flexibility in cutting interest rates [11][16] Bond Market Insights - The yield on the 10-year Treasury eased to 4.16%, while the two-year Treasury yield rose to 3.53%, reflecting mixed expectations for future interest rate changes by the Fed [9][10][16] - Traders have reduced the likelihood of an interest rate cut at the upcoming Fed meeting to 5%, down from 11% the previous day, but still expect at least two cuts within the year [7][8][16] Broader Market Trends - Smaller stocks in the Russell 2000 index rose 4.6% this week, outperforming the S&P 500's 1.6% increase, indicating a shift in market leadership away from Big Tech and AI stocks [12][16] - International markets also saw gains, with the French CAC 40 climbing 1.4% and Japan's Nikkei 225 increasing by 1.6% [13][16]

以下文章来源于深蓝AI ，作者深蓝学院 深蓝AI . 专注于人工智能、机器人与自动驾驶的学习平台。 来源 | 深蓝AI 点击下方 卡片 ，关注" 自动驾驶之心 "公众号 戳我-> 领取 自动驾驶近30个 方向 学习 路线 >>自动驾驶前沿信息获取 → 自动驾驶之心知识星球 本文只做学术分享，如有侵权，联系删文 开源是最诚实的答案。 本文 精选了 2025 年高价值的开源项目 ，不以会议论英雄，只看 复现热度 与 工程参考性 。这些仓库提供了从数据清洗、训练配方到闭环评测的全套 方案，是快速上手端到端自动驾驶的最佳捷径。 需要说明的是，2025 年开源的自动驾驶项目真的太多了，随着AI技术的发展，开源项目数量正在快速增长，优秀的工作远不止本文所覆盖的范围。本文主要以 GitHub 上已公开的项目为线索进行整理，筛 选标准以代码可获取性和项目活跃度为主（具有一定Star数量），难免存在遗漏。未被提及的相关工作同样具有参考价值，读者可结合自身研究方向进一步查阅和补充。 DiffusionDrive Github Star： 0 . 9 k 机构： 德克萨斯农工大学；密歇根大学；多伦多大学 亮点： OpenEMMA ...