明年开启交付。 来源/开普勒中国 近日，智能房车公司开普勒计划(KEPLO)完成新一轮天使融资，融资规模为 数百万美 元级别 ，投资方为知名投资机构和家族办公室。加上此前的种子轮，KEPLO累计融资 规模已达近千万美元。 该 团 队 成 立 于 2 0 2 3 年 ， 首 款 产 品 为 面 向 北 美 市 场 的 增 程 式 电 动 拖 挂 房 车 。 过 去 两 年 ， 团队持续进行产品打磨与多轮迭代，已完成量产数据冻结及核心供应商定点。 目前，产品已进入 量产测试与市场导入阶段 ，公司计划于近期首次对外发布产品并启 动预售，目标于 2 0 2 6年第三季度在美国市场正式开启交付 。 这一对"家"的理解，也深刻影响了参与其中的创业团队。由理想汽车体系走出的相关团 队，普遍继承了其对家庭场景和居住体验的长期执念，并将产品探索延展至更广泛的生 活形态。 一支"理想系"团队 具备0-1与1-10完整造车经验 KEPLO是一家与理想汽车有着深厚渊源的创业公司，团队 多数来自理想汽车 。核心成 员均参与了理想汽车从0 - 1的早期阶段，覆盖产品研发、智能化、供应链及生成制造等 关键环节。 创始人吕江涛，曾先后在德国 ...

出品 | 36氪未来消费（微信ID：lslb168） 离你更近的消费创投一线。 整理 | 任彩茹 Busy Money 「分音塔科技」完成近 亿元A轮 融资 36氪获悉，由清华大学人工智能团队创立的"分音塔科技"获近亿元A轮融资，本轮由合鼎共投资（广州）有限公司、衢州智造安合股权投资合伙企业（有 限合伙）共同投资。 据分音塔科技创始人及CEO关磊透露，本轮融资资金将主要用于老人健康陪伴机器人、老人家庭AI安防、AI翻译等领域的技术和产品研发，未来公司将主 要聚焦于AI+银发领域。 「Obita」完成Pre-A轮融资 36氪获悉，"Obita"近日宣布完成Pre-A轮融资，公司已完成两轮融资，累计融资规模近3000万美元。本轮融资由一家头部美元基金领投，老股东元璟 资本、Mirana Ventures、君联资本跟投。 Obita是一家企业级跨境支付与数字金融网络开发商，以合规稳定币为核心，正在搭建Obita Mesh框架下的区块链原生支付网络，让全球企业享有低成 本、实时到账、可监管的结算体验。 「 壹 粟创新」完成亿元Pre-A轮融资 36氪获悉，近日，专注于桌面级激光加工设备的科技企业"壹粟创新"宣布完成亿 ...

Core Viewpoint - The article discusses the entrepreneurial journey of Xiao Ang, who transitioned from Anker to establish Squirrel Power, focusing on the RV market and the innovative approach to outdoor living experiences. Group 1: Entrepreneurial Background - Xiao Ang spent ten years at Anker, managing over 40% of its revenue-generating business [1][4] - He was the first product manager at Anker and played a crucial role in building the company's product planning system [4] - After a transformative experience in Tibet, he decided to pursue his passion for RVs, leading to the founding of Squirrel Power [4][17] Group 2: Business Model and Market Insights - Squirrel Power aims to redefine outdoor living through electric and intelligent RVs, targeting a significant market opportunity in the RV sector [20][24] - The global RV market is valued at approximately $700-800 billion, with 99% of the market outside China, particularly strong in the US, which accounts for about half of the global market [46][48] - The average age of RV buyers has decreased from 55 to 40 years over three years, indicating a shift in consumer demographics towards younger, experience-driven buyers [23][24] Group 3: Product Development and Innovation - Squirrel Power has successfully developed a fully functional prototype RV, focusing on smart technology and user experience [9][21] - The company is addressing a specific pain point in the market: the significant reduction in range for electric vehicles when towing RVs [21][22] - The RV's material complexity is closer to consumer electronics than traditional vehicles, with a bill of materials (BOM) of 421 components, allowing for a more streamlined supply chain [30][29] Group 4: Competitive Landscape and Strategy - The RV industry is characterized by a lack of consensus on product definitions, with most consumers unfamiliar with the concept of towable RVs, presenting an opportunity for Squirrel Power [26][29] - The company plans to leverage its understanding of the supply chain, as nearly 90% of RV components are sourced from China, ensuring cost advantages [45][50] - Squirrel Power's strategy includes targeting early adopters who are willing to pay a premium for innovative and experience-oriented products [28][50] Group 5: Team and Leadership - The founding team of Squirrel Power consists of individuals passionate about outdoor lifestyles, enhancing the company's mission and vision [42][43] - Xiao Ang emphasizes the importance of finding the right talent and building a team that shares a common vision and passion for the product [40][42] - The company is focused on creating a culture of resilience and optimism, which is essential for navigating the uncertainties of entrepreneurship [11][10]

Core Viewpoint - The 2025 Hainan Automotive Ecological Camping Expo and Haikou Island Camping Life Carnival successfully showcased a new model of integrated industry exhibition, cultural exchange, leisure tourism, and investment promotion, attracting significant attention and participation from various sectors [1][3]. Group 1: Event Overview - The expo spanned 9 days and covered an area of approximately 300,000 square meters, featuring over 400 renowned domestic and international brands, including major automotive manufacturers like Audi, BYD, and Toyota [3][4]. - The event adopted an innovative "sea, land, and air" three-dimensional display format, providing immersive experiences for attendees interested in automotive ecological tourism and camping [5][7]. Group 2: Attendance and Engagement - The event attracted a total of 124,543 visitors from across the country, indicating strong public interest and engagement in the activities offered [7]. - Various activities, including the 2025 China Classic Car Rally and New Energy Vehicle Gathering, were held concurrently, enhancing the overall experience for participants [13][16]. Group 3: Diverse Offerings - The expo featured a comprehensive range of vehicle categories, including RVs, camping cars, new energy vehicles, and classic cars, showcasing nearly 1,000 RVs organized by various clubs [13][18]. - A variety of thematic zones were established, such as the low-altitude economy zone and cross-border e-commerce zone, highlighting the event's diverse offerings [23][27]. Group 4: Cultural and Culinary Experiences - The event included a fishing competition and various cultural activities aimed at exploring and preserving traditional Chinese culture, showcasing non-material cultural heritage from Jilin Province [21][41]. - A food experience area featured culinary delights from across China, enhancing the cultural richness of the event and providing attendees with a taste of regional specialties [38]. Group 5: Industry Collaboration and Future Prospects - The expo hosted several industry conferences, including the 2025 Automotive Brand Conference and the 6th RV Tourism Conference, focusing on the development paths of automotive brands in the new economic landscape [43][44]. - The event's promotional efforts resulted in approximately 120 million exposures across various media platforms, indicating strong industry interest and potential for future growth [46].

Core Viewpoint - New Giao RV (00805) has reported a decline in revenue and profit for the first half of 2025, primarily due to a decrease in RV sales [1] Financial Performance - Revenue for the first half of 2025 is approximately HKD 412 million, representing a year-on-year decrease of 2.4% [1] - Gross profit is around HKD 122 million, down 9.9% compared to the previous year [1] - Profit attributable to equity shareholders is HKD 30.7 million, a decline of 22.34% year-on-year [1] - Earnings per share stand at HKD 0.03 [1] Shareholder Activity - On October 17, shareholders of New Giao RV deposited shares worth HKD 100 million into First Shanghai Securities, accounting for 9.52% of the total market value [1]

Core Viewpoint - New Giao RV (00805) has seen a decline in its financial performance for the first half of 2025, primarily due to a decrease in RV sales, with shareholders depositing stocks valued at HKD 100 million into First Shanghai Securities [1] Financial Performance Summary - Revenue for the first half of 2025 was approximately HKD 412 million, representing a year-on-year decrease of 2.4% [1] - Gross profit was around HKD 122 million, down 9.9% compared to the previous year [1] - Profit attributable to equity shareholders was HKD 30.7 million, a decline of 22.34% year-on-year, with earnings per share at HKD 0.03 [1] Shareholder Activity Summary - On October 17, shareholders of New Giao RV deposited stocks into First Shanghai Securities, with a market value of HKD 100 million, accounting for 9.52% of the total shares [1]

Core Insights - The 2025 Second Yangzhou RV Camping Exhibition was held from October 11 to 13, showcasing over 30 well-known RV brands and nearly 100 models and camping equipment, creating an immersive experience platform for RV enthusiasts and local residents [1] - The exhibition highlighted the latest technological achievements in the RV manufacturing sector and established a "sales + experience + cultural tourism" integrated model [1][3] Industry Overview - Chenji Town, recognized as a significant RV manufacturing base in China, has developed a complete industry chain encompassing R&D, manufacturing, supporting services, and sales, featuring notable companies like Saide, Weihang, and Romantes [2] - The RV market is witnessing a trend towards lightweight and compact models, with multifunctional small RVs being introduced that combine accommodation, cooking, and storage within a length of 4-5 meters, enhancing maneuverability and flexibility [2] Sales Performance - During the three-day exhibition, a total of 41 RVs were sold, generating approximately 18 million yuan in sales [3] - In 2024, Chenji Town's RV sales are projected to exceed 1,200 units, capturing 10% of the national market share, with total invoiced sales reaching 681 million yuan, of which 577 million yuan comes from RV manufacturing [3] Market Trends - The RV camping industry in Chenji Town has established a full industry chain model from R&D and manufacturing to cultural tourism services, serving as a benchmark for the nation [3] - The RV industry in China is transitioning from a niche hobby to a mainstream choice, with domestic RV sales expected to grow over 25% year-on-year in 2024, and the number of camping sites surpassing 30,000 [3] Future Outlook - The RV industry is becoming a crucial economic growth point for Yizheng and Yangzhou, with plans to transform from a manufacturing base to an "industry brain," aiming to set standards, models, and lifestyles for the RV sector [4] - Chenji Town is anticipated to emerge as the heart of China's RV industry, facilitating connections between urban and rural areas and enhancing the overall industry chain [4]

Core Insights - Thor Industries reported strong fourth-quarter financial results, with earnings per share of $2.36, surpassing the analyst consensus estimate of $1.27 [1] - Quarterly sales reached $2.523 billion, a slight decrease of 0.4% year over year, but exceeded the expected $2.333 billion [1] North American Towable RVs - The North American Towable RV segment experienced a 4.6% decrease in net sales, totaling $888.7 million for the quarter, with unit shipments down 10.1% [3] - Despite the decline in sales and shipments, the segment's gross profit margin improved to 13.3%, a 70 basis point increase [4] - The backlog for this segment as of July 31, 2025, was $525 million [4] North American Motorized RVs - The North American Motorized RV segment saw a 7.8% increase in net sales to $557.4 million, driven by a 15.9% increase in unit shipments [5] - The gross profit margin for this segment declined by 150 basis points to 11.3%, primarily due to a prior-year LIFO adjustment and increased promotional activities [5] - The backlog for this segment was $1 billion, an increase of 29.3% [5] European RVs - The European RV segment reported a 2.2% decrease in net sales for the quarter, reaching $923.1 million, with unit shipments down 14.1% [6] - The gross profit margin percentage decreased by 310 basis points to 15.6% [6] - The segment's backlog as of July 31, 2025, was $1.5 billion, a 21.8% decrease [6] Financial Performance - Gross profit in the quarter fell 7.6% year over year to $370.88 million, while gross margin decreased by 110 basis points to 14.7% [8] - Quarterly adjusted EBITDA fell 4.1% to $209.506 million [8] - The company generated an operating cash flow of $258.67 million for the fourth quarter and exited the quarter with cash and equivalents worth $586.596 million [8] Management Insights - CEO Bob Martin highlighted the annual Open House event as an opportunity to connect with customers and showcase new products [7] - The CEO expressed confidence in the strength of relationships developed with independent dealers over the past three months [7]

Core Viewpoint - New Giao RV (00805) has experienced a shareholder transfer and reported a decline in financial performance for the first half of 2025 [1] Group 1: Shareholder Activity - On September 23, New Giao RV's shares were transferred from First Shanghai Securities to Shengheng Financial Holdings, with a market value of HKD 61.0351 million, representing 5.34% of the total shares [1] Group 2: Financial Performance - For the first half of 2025, New Giao RV reported revenue of approximately HKD 412 million, a year-on-year decrease of 2.4% [1] - The gross profit was approximately HKD 122 million, reflecting a year-on-year decline of 9.9% [1] - The profit attributable to equity shareholders was HKD 30.7 million, down 22.34% year-on-year, with earnings per share of HKD 0.03 [1]

Core Viewpoint - The recent approval of the national standard for recreational vehicles (RV) in China aims to enhance safety during RV travel, addressing various safety concerns associated with the growing popularity of RV travel and live streaming experiences [3][5][25]. Group 1: Safety Regulations - The new national standard, effective from March 1, 2026, focuses on three main areas: driving, living, and fire safety [3][5]. - A key regulation prohibits sleeping in RV beds while the vehicle is in motion, requiring a "No Sleeping While Driving" sign to be placed next to the bed [8][9]. - Bathing in an RV while in motion is also prohibited, with a "No Bathing While Driving" sign mandated at the bathroom entrance [12][13]. Group 2: Fire Safety Measures - The standard includes specific requirements for marking the locations of fire safety equipment, such as fire extinguishers and smoke detectors, to ensure they are easily identifiable in emergencies [15][16]. - Fire safety signs must be clearly visible, with specifications for size and placement to facilitate quick access during critical situations [17]. Group 3: Additional Safety Features - The regulations introduce various warning signs to enhance overall safety, including "Electric Shock Prevention" signs near power connections and "Height Limit" signs in the driver's cabin to prevent accidents related to vehicle height [18][19]. - Other signs include "Carbon Monoxide Alarm" indicators and reminders for proper waste disposal to prevent environmental pollution [20][22]. Group 4: Industry Implications - The introduction of these standards reflects a necessary step towards standardization in the RV industry, aiming to balance the appeal of freedom in RV travel with essential safety measures [25][27]. - While some may view these regulations as overly restrictive, they are designed to protect consumers and enhance the overall safety of RV travel [25][27].