小米集团5月27日发布的2025年第一季度财报，披露了其汽车业务数据，让投资者"眼前一亮"。财报中提到"2025年第一季度，智能电动汽车及AI等创新业 务分部总收入为人民币186亿元，其中，智能电动汽车收入人民币181亿元，其他相关业务收入人民币5亿元。本季度，智能电动汽车及AI等创新业务分部 毛利率为23.2%。" 6月3日，小米集团创始人、董事长、首席执行官雷军在小米投资者大会上表示，最新推出的小米YU7售价不可能是网传的23.59万元，正式定价要在开售 前1-2天前才能确定；他同时表示，小米的汽车业务亏损正在逐步收窄，预计整个板块将在今年第三到第四季度实现盈利。 无独有偶，小鹏汽车日前发布的第一季度财报显示，2025年第一季度小鹏汽车总交付量超94008辆，较2024年同期增长330.8%； 2025年第一季度毛利率达 15.6%，创下历史新高，较2024年同期增长2.7个百分点；小鹏汽车董事长及首席执行官何小鹏更是在财报电话会上表示"我相信，我们不仅能够实现今年 销量增长一倍以上的目标，还能在第四季度实现盈利。" 另一家新势力蔚来汽车，也于6月3日发布第一季度财报，数据显示蔚来汽车第一季度共交付新车4 ...

新浪科技讯 6月4日下午消息，在今日的蔚来沟通会上，蔚来创始人、董事长、CEO李斌，蔚来联合创 始人、总裁秦力洪与媒体对话。 对于近期的价格战话题，李斌表示，最近行业协会、主管部门也在呼吁要坚决反对内卷式竞争，蔚来肯 定是不喜欢价格战。如果只是从价格战去参与做市场竞争的手段，对整个行业的健康发展都是非常不利 的。蔚来一直都是在研发方面坚决进行投入，在充换电网络方面进行坚决投入，在用户体验、用户价值 方面进行投入。这些投入如果简单被价格战就给带进去了，对于蔚来这种做长期投入的公司来说，肯定 是非常辛苦的。 "我们也非常高兴看到现在国家相关部门在治理行业乱象，行业协会也进行了呼吁，我们一直都是反对 打价格战。"他表示，蔚来被迫参与市场促销方面，总的来说都是非常克制的。现在行业反内卷是利好 蔚来，希望整个行业能够把精力放在技术创新、用户服务上。避免简单的用价格战去把行业推到非常难 以持续竞争的境地里去。希望整个行业能够真正拼技术、拼品质、拼服务，这样才能让整个行业能够健 康持续地发展。才能够把中国智能电动汽车产业、新能源产业来之不易的好局面保持下来。 "我们认为现在行业反内卷，对蔚来是好事儿。因为我们本来是被动参与 ...

Core Viewpoint - Tesla is forced to remove 64 Supercharger stations along the New Jersey Turnpike due to the New Jersey Turnpike Authority's decision to partner with another supplier, Applegreen, which has led to strong dissatisfaction from CEO Elon Musk, who has accused the decision of being "corrupt" without providing evidence [1][3]. Group 1: Tesla's Response and Actions - Tesla expressed disappointment over the New Jersey Turnpike Authority's decision but has proactively built 116 Supercharger stations outside the turnpike in the past three years to ensure customer convenience [3]. - The company stated that its trip planning tool will automatically adjust to recommend existing alternative charging stations for customers [3]. Group 2: New Jersey Turnpike Authority's Decision - The New Jersey Turnpike is a significant toll road system, approximately 100 miles long, and the authority has opted not to renew its agreement with Tesla, instead granting exclusive charging station operation rights to Applegreen [3]. - Applegreen will deploy charging facilities at 21 service areas along the New Jersey Turnpike, becoming the sole charging service provider on the highway [4].

【陈述】 一、李斌： 第一季度，公司交付了42094辆智能电动汽车，同比增长4.1%。这包括蔚来交付的27313辆和ONVO交付的 14781辆。自第二季度以来，公司的交付量逐月增加，得益于ET9和ET5的顺利交付以及ONVOL60需求的增 长。4月和5月的总交付量为23923辆。5月底，我们成功推出了新款ES6、EC6、ET5和ET5T，并开始交付。 我们预计第二季度的总交付量将在72000到75000辆之间，同比增长25.5%到30.7% 。 在财务方面，公司继续在所有方面进行成本削减工作，实现了汽车成本毛利率和整体成本毛利率的同比增 长。 产品、研发和运营方面的一些最新进展： 对于蔚来品牌，蔚来行政旗舰轿车ET9的交付量在中国超过了宝马7系和奥迪A8L。这是中国品牌首次在长期 由BBA主导的高端行政细分市场取得突破。5月16日，我们推出了新款ES6和EC6，并于5月20日开始交付。5 月25日，新款ET5和ET5T发布，并于5月27日开始交付。这些升级车型提供了更高的感知价值和产品实力，以 及成本方面的重大改进。 对于ONVO品牌，自4月以来，ONVO进行了一系列运营和组织调整，显著提高了销售团队的生产 ...

Core Insights - NIO reported a significant increase in vehicle deliveries, reaching 42,100 units in Q1, a 40.1% year-over-year growth, exceeding market expectations [1] - The company provided a strong delivery guidance for Q2, expecting deliveries to reach between 72,000 and 75,000 units, indicating confidence in its operational performance [1] Technological Advancements - NIO's founder, Li Bin, introduced a "new three major components" technology strategy focusing on smart driving chips, a comprehensive operating system, and intelligent chassis, marking a period of technological development for the company [2] - The launch of the world's first 5nm automotive-grade smart driving chip, "Shenji NX9031," achieved mass production with a computing power exceeding 1000 TOPS, enhancing the performance of key models [2] - The integration of the full operating system and intelligent chassis technology has improved vehicle efficiency and safety, laying a solid foundation for profitability in Q4 [2] Product Strategy - 2025 is projected to be a significant year for NIO, with flagship model ET9 achieving sales that surpassed BMW 7 Series and Audi A8 within its first month of delivery [3] - The company has implemented a "more for less" pricing strategy and an "immediate delivery upon launch" model, enhancing market competitiveness [3] - New sub-brands and models, including the L90 SUV and the L80, are set to expand the product lineup, with significant sales achievements from the Firefly brand [3] Organizational Changes - NIO faced challenges in Q1 due to seasonal sales dips and high R&D costs but implemented a deep organizational restructuring to optimize resource allocation [4] - The introduction of the CBU (Core Business Unit) mechanism divided operations into 12 core units, improving efficiency across the entire value chain [4] - The company reported a 42.8% increase in deliveries for the Lido brand in May, despite a 40% reduction in sales personnel, indicating effective operational improvements [4] Market Outlook - Li Bin emphasized the importance of focusing efforts on key areas to navigate market challenges, with plans for nine new vehicle launches within the year [5] - NIO aims to leverage self-developed technology and refined operations to achieve profitability targets in Q4, amidst a competitive landscape in the smart electric vehicle sector [5]

Trade and Export - Shanghai's foreign trade import and export reached 1.4 trillion yuan in the first four months of 2025, with a year-on-year growth of 1% [1] - Exports showed strong performance, with a value of 629.02 billion yuan, reflecting a year-on-year increase of 13.8% [1] - Electric vehicle exports from Shanghai accounted for one-fifth of the national total, with trade connections established with 241 countries and regions, particularly strong ties with Central Asia, the Middle East, and East Asia, achieving growth rates of over 20% [3] Cross-Border Trade Facilitation - Shanghai Customs launched measures to promote cross-border trade facilitation, ensuring smooth customs clearance for key goods, optimizing regulatory processes, and enhancing cross-border logistics efficiency [5] Domestic Tourism and Consumer Activity - During the Dragon Boat Festival holiday, the box office for films reached 459 million yuan, a year-on-year increase of 20% [7] - The total number of cross-regional personnel movements exceeded 653 million, averaging over 217 million per day, with a year-on-year growth of 2.5% [10] - Domestic tourism saw 119 million trips during the holiday, reflecting a year-on-year growth of 5.7%, with total spending reaching 42.73 billion yuan, up 5.9% [12] Telecommunications Industry - In the first four months of 2025, China's telecommunications industry showed steady progress, with mobile internet access traffic growing rapidly [20] - The total number of fixed internet broadband users reached 680 million, while 5G mobile phone users reached 1.081 billion, accounting for nearly 60% of mobile phone users [20] - The electronic information manufacturing industry saw a year-on-year increase of 11.3% in added value for large-scale enterprises [21] Economic Development Zones - National economic and technological development zones have over 4.9 million operating entities, including 73,000 large-scale industrial enterprises and 85,000 high-tech companies [24]

Core Viewpoint - Xiaomi has recently gained significant attention due to various controversies, but its latest financial report reveals strong performance, with record revenue and profit growth in Q1 2025 [1]. Group 1: Financial Performance - In Q1 2025, Xiaomi's total revenue reached 111.3 billion yuan, marking a historical peak for a single quarter, equivalent to daily earnings of 1.23 billion yuan [1]. - Adjusted net profit for the same period was 10.7 billion yuan, representing a remarkable increase of 64.5% [1]. Group 2: Business Segments - Revenue from the smart electric vehicle segment surged from 1.84 million yuan in the same period last year to 18.1 billion yuan, with gross margin rising from 12.6% to 23.2% [2]. - The first model, the SU7 series, has delivered over 258,000 units in its first year, with 75,900 new cars delivered in Q1 2025, indicating strong market momentum [2]. - Xiaomi's smartphone business remains foundational, with Q1 2025 shipments reaching 41.8 million units, a 3% year-on-year increase, reclaiming the top position in China with an 18.8% market share [4]. - The share of high-end smartphone models has increased to 25%, with the Xiaomi 15 Ultra flagship model seeing a 90% year-on-year sales surge in its first month [4]. Group 3: Chip Development - The self-developed chip, Xuanjie O1, was unveiled at the Xiaomi 15 Pro launch, utilizing TSMC's 3nm process and featuring 19 billion transistors, positioning it against Qualcomm's Snapdragon 8 Gen3 [8]. - Despite facing skepticism regarding its development, Xiaomi's leadership has publicly defended its chip design as independent [8]. - Xiaomi plans to integrate self-developed 5G baseband technology and increase R&D funding to 200 billion yuan, emphasizing its commitment to chip development as a core strategy [18].

Core Viewpoint - BYD is set to revolutionize the European electric vehicle market by establishing a network of ultra-fast charging stations, significantly reducing charging times to match traditional gasoline refueling [1][3]. Group 1: Charging Network Development - BYD plans to launch its ultra-fast charging network in Europe within the next 12 months, installing charging stations at dealerships and exploring partnerships with local companies to expedite deployment [3]. - The new charging technology utilizes a 1000-volt architecture, allowing electric vehicles to gain 400 kilometers of range in just five minutes, enhancing consumer confidence in electric vehicles [3]. - The ultra-fast charging stations can also improve existing battery charging speeds by 20% to 30% [3]. Group 2: Market Expansion Goals - BYD aims to become a major player in the European automotive market by 2030, with plans to establish a production base in Hungary and a research and development center in Budapest [3][4]. - The company has experienced significant success in Europe, with monthly sales growth of 10%, and plans to increase its dealership count in Belgium from 16 to 20 by the end of the year [4]. - BYD's commitment to local assembly and sales in Europe demonstrates its long-term development strategy and ambition to expand market share [4].

中国商务部的相关人士表示正在努力应对稀土出口许可申请的增加（Reuters） 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 日经中文网 https://cn.nikkei.com 中国欧盟商会的会长彦辞（Jens Eskelund）在北京对会员和记者表示："目前，欧洲正处于严峻的形势 中。这个问题必须尽快解决"。他指出，如果无法找到解决方案，"欧洲厂商将承担非常大的成本"。 自中美5月中旬达成共识，暂时停止互相征收的大部分加征关税以来，中国也暂时停止了一些其他的报 复措施。然而，稀土的出口管制仍然继续执行。彦辞表示，出口许可的申请程序出现了"大幅度延迟"。 中国欧盟商会秘书长唐亚东（Adam Dunnett）表示，在5月27日欧盟与中国半导体企业举行的会议上， 讨论了有关出口管制的问题。据唐亚东介绍，中国商务部的官员解释说，正在努力应对出口许可申请的 增加。 唐亚东指出，出口管制是在没有充分过渡期的情况下实施的。因此，企业没有空间来制定计划，从而无 法避免当前在欧洲出现的"潜在危机"。 日本经济新闻（中文版：日经中文网）铃木亘 上海报道 中国欧盟商会的会长彦辞表示："目前，欧洲正处 ...

首先需要明确的是，马斯克尚未在任何公开场合明确表示正式取消Model 2。 但据路透社6月3日的报道称，特斯拉首席执行官埃隆·马斯克否认平价电动车"Model 2"项目被取消的说法，正引发特 斯拉内部高层的不满与市场对其战略方向的质疑。路透社最新调查显示，尽管马斯克在社交平台上公开称"路透社在 撒谎"，但内部高管却表示，Model 2项目早已被叫停，公司战略已悄然从"颠覆性电动汽车"转向"人工智能驱动的机器 人出租车"。 这场关于战略调整的分歧，正在撕裂特斯拉内部，也加剧了外界对其未来走势的担忧。 从"颠覆"到"简化"： 马斯克的AI赌注 马斯克曾誓言打造一款售价2.5万美元、面向大众市场的电动车，为特斯拉带来下一个销量爆发点。但这款外界普遍称 为"Model 2"的车型，最终成为马斯克兴趣转移的牺牲品。 在马斯克的愿景中，Robotaxi将彻底改变出行模式，推动特斯拉超越传统制造业，进入高利润的服务型平台经济。他 曾公开表示，"真正决定特斯拉是市值数万亿的科技巨头，还是一文不值的车企的，是FSD（完全自动驾驶）。" 2024年，特斯拉将AI投资提至前所未有的高度——超100亿美元投入英伟达芯片、Dojo超级 ...