Core Viewpoint - The article discusses the recent public relations challenges faced by Xiaomi, highlighting the tension between the company's marketing strategies and its relationship with loyal customers, particularly in light of controversies surrounding product issues and public statements made by the company [2][14]. Group 1: Public Relations and Marketing Strategies - Xiaomi's recent marketing efforts, including collaborations with influencers who have previously criticized the brand, have sparked backlash among its loyal customer base, raising concerns about the company's understanding of its core audience [14]. - The company's approach to addressing product-related issues, such as the "7000 legal issues" and "instant brake failures," has been perceived as insufficient, leading to a growing trust crisis among consumers [2][14]. - The article emphasizes the importance of transparent communication in public relations, suggesting that the company's recent actions may exacerbate existing dissatisfaction rather than resolve it [14]. Group 2: Industry Context and Consumer Sentiment - The article notes a shift in consumer sentiment towards brands, influenced by the rise of AI and changing perceptions of authenticity, which may affect how companies like Xiaomi engage with their audiences [3]. - There is a growing concern that the current marketing landscape, characterized by aggressive pursuit of online traffic, can lead to unintended negative consequences for brands, including the emergence of "black public relations" tactics [3]. - The discussion highlights the need for companies to balance marketing strategies with genuine engagement and support for their loyal customers, as failure to do so can lead to significant reputational damage [14].

今日A股三大指数集体上涨，沪指上涨1.50%；深成指上涨1.40%；创业板指上涨0.75%；北证50指数上涨1.82%。全市场成交额达2.83万亿元，较上日有 所放量。 午后智驾板块"起飞"，智能汽车ETF（159889）大涨4.16%。 上涨驱动因素分析 消息面上，1月5日，英伟达CEO黄仁勋在拉斯维加斯举行的CES展会上发布了Alpamayo平台，使汽车能够在真实世界中进行"推理"。黄仁勋表示，首款 搭载英伟达技术的汽车将于第一季度在美国上路。英伟达此次发布的Alpamayo家族整合了三大基础支柱：开源模型、仿真框架和数据集，构建了一个完整 的开放生态系统供任何汽车开发者或研究团队使用。 政策端，工信部正式公布我国首批L3级有条件自动驾驶车型准入许可，两款分别适配城市拥堵、高速路段的车型将在北京、重庆指定区域开展上路试 点。同时，各城市Robotaxi运营范围也在不断扩大。我国L3级自动驾驶开始从测试阶段迈入商业化初期，中央层面对L3政策有了新的进展，下一阶段或是以 实现限定区域限定速度的试运营，为后续智驾商业化进程奠定了基础，2026年自动驾驶产业或迎来多个重大推进。 巨头相继入场，后续2026Q1可能 ...

Core Insights - The article discusses the evolution of autonomous driving technology in 2025, marking a transition from research to practical implementation, with significant advancements in various technical areas [2][3]. Group 1: Industry Trends - The year 2025 is characterized as a turning point for autonomous driving, with technologies like BEV perception, multi-sensor fusion, and trajectory prediction reaching maturity [2]. - The competition in the smart electric vehicle sector is intensifying, with companies like Horizon, Xiaomi, and Li Auto making notable advancements [4][22]. Group 2: Company Highlights - Horizon has made significant strides with its HSD technology, showcasing high potential in end-to-end solutions and innovative approaches like GoalFlow and ResAD [9]. - Xiaomi's autonomous driving development has rapidly progressed, with a team exceeding 1000 members and a series of iterative improvements leading to the release of HAD enhanced version [10][11]. - Li Auto has established itself in the domestic autonomous driving tier, although it faces challenges in transitioning from range-extended to pure electric vehicles [13]. - Xiaopeng Motors experienced a rebound in sales, doubling its volume to nearly 430,000 units in 2025, driven by the successful launch of VLA 2.0 technology [14]. - Bosch is actively investing in both research and production lines, focusing on end-to-end solutions and enhancing its engineering capabilities [16]. Group 3: Future Outlook - The competition in the smart electric vehicle market is expected to become more fierce in 2026, with a shift towards L3 and L4 autonomous driving technologies gaining traction [22][23].

责任编辑：李昂 1月5日，江汽集团控股公司党委书记、董事长、总经理项兴初率团队赴深圳，拜访华为公司创始人任正 非先生等。双方围绕汽车产业智能化变革趋势、合作项目进展及未来规划等，进行了全面深入的交流。 江汽集团表示，将与华为进一步拓宽合作领域，在汽车智能化、企业数智化等关键领域持续深化合作， 共同推动新能源汽车产业实现高质量发展，为中国汽车强国建设注入新动能。 1月5日，江汽集团控股公司党委书记、董事长、总经理项兴初率团队赴深圳，拜访华为公司创始人任正 非先生等。双方围绕汽车产业智能化变革趋势、合作项目进展及未来规划等，进行了全面深入的交流。 江汽集团表示，将与华为进一步拓宽合作领域，在汽车智能化、企业数智化等关键领域持续深化合作， 共同推动新能源汽车产业实现高质量发展，为中国汽车强国建设注入新动能。 责任编辑：李昂 ...

Core Viewpoint - The A-share market indices collectively rose, with significant activity in sectors such as lithium mining, low carbon, and lithium batteries, driven by government initiatives to promote green consumption and support for the electric vehicle industry [1] Group 1: Market Performance - The smart car ETF (515250) saw an intraday increase of 3.79%, while the Sci-Tech Innovation Board New Energy ETF (588960) rose by 3.16% [1] - Several stocks within the smart car ETF, including Beidou Xingtong, Zhejiang Sebao, Lianchuang Electronics, and Desay SV, reached their daily limit [1] Group 2: Government Initiatives - A notice from the Ministry of Commerce and nine other departments was released on January 5, promoting green consumption and supporting the purchase of new energy vehicles, as well as strengthening the automotive supply chain [1] - The first national standard for solid-state batteries, titled "Solid-State Batteries for Electric Vehicles Part 1: Terms and Classification," is currently open for public consultation [1] Group 3: Market Forecast - According to the China Passenger Car Association, the sales volume of new energy passenger vehicles in China is expected to grow by approximately 25% by 2025 [1] - Preliminary monthly data estimates that cumulative wholesale sales of new energy passenger vehicles will reach 15.33 million units by 2025, representing a year-on-year increase of 25% [1] Group 4: Index Tracking - The smart car ETF (515250) closely tracks the CSI Smart Car Theme Index (930721), which selects companies providing terminal perception and platform applications for smart cars, as well as other representative A-shares benefiting from the smart car industry [1]

1月5日，智能汽车ETF（159889）涨超1.4%，政策与技术双轮驱动成焦点。 华龙证券指出，2026年汽车行业政策主旋律仍将以反内卷和国补延续为主。补贴方面，高层明确优 化"两新"政策实施，已有超过5个地市公开遴选以旧换新平台服务企业，深圳已明确2026年平台服务企 业遴选。反内卷方面，国家发改委强调对新能源汽车等产业加强供应链治理，保障中小企业款项支付， 营造互利共赢生态。市场层面，尽管面临新能源购置税减免退坡压力，但以旧换新补贴有望持续支撑销 量；企业层面，整治内卷式竞争将限制无序降价，车企盈利有望边际改善。行业数据显示，2025年11月 新能源乘用车零售渗透率达59.4%，L2.5及以上智驾渗透率32.19%，显示智能化、电动化趋势持续强 化。北京已发放首批L3级高速公路自动驾驶专用号牌，标志着自动驾驶进入量产应用阶段。 智能汽车ETF（159889）跟踪的是CS智汽车指数（930721），该指数从沪深市场中选取涉及终端感 知、平台应用等智能汽车相关业务的上市公司证券作为指数样本，覆盖电子、计算机、汽车等多个行 业，以全面反映中国智能汽车全产业链上市公司证券的整体表现。 风险提示：提及个股仅用于行业 ...

Group 1 - The core focus of the news is the signing of 22 key projects in Beijing Economic-Technological Development Area, with over 80% of these projects being future industry initiatives [1][2] - The development strategy during the "14th Five-Year Plan" period aims to establish a robust ecosystem that enhances economic quality, urban appearance, and public welfare [1] - Notable projects include Baichang Intelligent Automotive's plan to establish a vehicle manufacturing company targeting L4 autonomous driving vehicles, with projected revenues reaching billions by 2030 [1] Group 2 - The AI sector is emphasized, with over 30% of the signed projects focusing on artificial intelligence, including ZTE's development of a 6G satellite payload production line [2] - The ten benchmark projects initiated include a biopharmaceutical raw material base by Sanofi, which will create a complete insulin production chain locally [2] - The development plan includes significant investments in urban infrastructure and ecological governance, reflecting a shift towards comprehensive regional development [2] Group 3 - The development strategy prioritizes talent and human creativity, with plans for enhanced living conditions, entrepreneurial support, and educational facilities [3] - The "2026 Ten Plans for Optimizing the Business Environment" aims to create a conducive environment for new productive forces, focusing on foundational improvements and innovation [3] - The future vision for the economic zone includes accelerated technological innovation, improved living standards, and enhanced integration of industry and urban development [3]

Market Overview - The smart car index decreased by 6.2%, while the index excluding Tesla increased by 0.2%. As of December 31, 2025, the smart car index PS (TTM) is 14.1x, ranking in the 96th percentile since the beginning of 2023. The index excluding Tesla has a PS (TTM) of 6.4x, ranking in the 90th percentile since the beginning of 2023 [4][12][17]. Industry Core Changes - Pony.ai's Robotaxi fleet has surpassed 1,159 vehicles, exceeding the target of 1,000 Robotaxis by 2025. Tesla's FSD version 14.2 completed a 2-day, 20-hour journey across the U.S. without human intervention [6][12][21]. Investment Recommendations - The company maintains a strong outlook for the L4 RoboX theme in 2026, favoring B-end software stocks over C-end hardware stocks. Preferred H-shares include Xpeng Motors, Horizon Robotics, Pony.ai, WeRide, and Cao Cao Mobility. A-shares recommendations include Qianli Technology, Desay SV, and Jingwei Hirain [6][12][21]. Downstream Application Targets - For Robotaxi perspectives, the integrated model includes Tesla and Xpeng Motors, while the technology provider and operational sharing model includes Horizon Robotics, Baidu, Pony.ai, WeRide, and Qianli Technology. The transformation of ride-hailing and taxi services involves Didi, Cao Cao Mobility, Ruqi Mobility, and others [6][12][21]. Upstream Supply Chain Targets - Key targets in the B-end unmanned vehicle OEM sector include BAIC BluePark, GAC Group, Jiangling Motors, and others. Core upstream suppliers include testing services (China Automotive Research), chips (Horizon Robotics, Black Sesame Technology), domain controllers (Desay SV, Jingwei Hirain), sensors (Sunny Optical Technology, Hesai Technology), and others [6][12][21].

据了解，今日，华为常务董事、产品投资评审委员会主任、终端BG董事长余承东带队来到广汽集团， 与冯兴亚董事长及团队交流共建鸿蒙生态，并参观了广汽展厅。 另据媒体此前报道，启境首款新车是一款猎装轿跑，内部代号为F03，定位是"华系最美轿跑车型"，将 在2026年发布。刘嘉铭表示，华为米兰美学研究所和启境团队双方近百人参与了启境汽车的造型开发。 经过8个月的严格打磨，才定了启境首款产品对造型。 凤凰网科技讯1月5日，启境汽车CEO刘嘉铭发文称，今年发布的两款新车都会搭载华为乾崑智驾、鸿蒙 座舱。 随后，华为智能汽车解决方案BU CEO靳玉志也称，"启境，是我们双方联合打造的全新品牌，也是智 能汽车领域里一次全新的探索。启境今年会发布两款新车，都将搭载最新一代的华为乾崑智驾和鸿蒙座 舱，还有乾崑车控、车载光、车云、智能网联T-Box等全栈解决方案。" ...

德赛西威（002920.SZ）1月5日在投资者互动平台表示，公司旗下品牌川行致远S6系列低速无人车已发 布，受到广泛关注同时也获得相关客户订单，同时公司也有相关智能驾驶域控产品可向无人物流公司供 货。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：路上看到无人快递车越来越多了，请问贵公司有为相 关汽车供应产品吗？ ...