记者丨 孔海丽 编辑丨骆一帆 2026年1月，拉斯维加斯，内华达沙漠的冷风吹不散这座不夜城的燥热，举办了近60年的国际 消费电子展（CES）即将开幕。作为全球科技界的风向标，CES向来不缺新鲜事，但今年，来 自中国的智造，更亮眼了。 在这个全球竞技场上，中国科技企业已经有了实力标签。联想、TCL、阿里等大厂的实力自不 必多说，新起之秀也不遑多让。 CES官网上，"Top Trends"的代表展商里，赫然出现了中国的宇树、追觅。 如果说几年前，中国硬件公司出海还带着"性价比"和"供应链溢出"的标签，现在，这种刻板印 象正在被彻底粉碎。全球化风潮下，中国科技企业的硬核技术产品，已经在各处开花。 21世纪经济报道记者在正式开展前，采访了四家颇具代表性的中国科技公司——星动纪元、傲 鲨智能、追觅科技和九号公司。作为观察样本，他们分别代表了具身智能、外骨骼、智能清洁 领域和智能短交通领域的全球头部战力。通过与他们的高管对话，试图拆解出中国硬科技出海 的2026新图景：一次关于"系统能力"与"全球本土化"的深度跃迁。 场景落地拐点： 市场不再追捧单纯的技术炫技，而是锚定真实场景的生产力价值。星动纪元 全尺寸双足人形机器人 ...

21世纪经济报道记者孔海丽 拉斯维加斯报道 2026年1月，拉斯维加斯，内华达沙漠的冷风吹不散这座不夜城的燥热，举办了近60年的国际消费电子 展（CES）即将开幕。作为全球科技界的风向标，CES向来不缺新鲜事，但今年，来自中国的智造，更 亮眼了。 在这个全球竞技场上，中国科技企业已经有了实力标签。联想、TCL、阿里等大厂的实力自不必多说， 新起之秀也不遑多让。 21世纪经济报道记者在正式开展前，采访了四家颇具代表性的中国科技公司——星动纪元、追觅科技、 傲鲨智能和九号公司。作为观察样本，他们分别代表了具身智能、外骨骼、智能清洁领域和智能短交通 领域的全球头部战力。通过与他们的高管对话，试图拆解出中国硬科技出海的2026新图景：一次关 于"系统能力"与"全球本土化"的深度跃迁。 具身智能跨过"秀场"，进入"考场" 早几年，人形机器人还是CES上的"吉祥物"，但在2026年，它们开始接受实际场景考验。 星动纪元（RobotEra）是第二次参展，其国际业务负责人告诉21世纪经济报道记者，感触最深的变化 是："具身智能已跨过'秀场'，进入'考场'。" 《21世纪》：过去一年，在你关注的领域，感触最深的洞察是什么？（技 ...

Core Viewpoint - The release of NimbleOS by Ninebot represents a revolutionary advancement in the two-wheeled transportation industry, integrating various core modules for enhanced performance and user experience [1][2]. Group 1: Product Innovation - NimbleOS is the first comprehensive operating system designed specifically for short-distance two-wheeled travel in China, breaking the traditional hardware isolation model [1]. - The system integrates motor control, battery management, multi-sensor perception, and vehicle interaction, achieving system-level collaboration in hardware performance [1]. - Features such as seamless unlocking, mouse control, and hill assist provide millisecond-level response times, significantly improving vehicle stability in complex road conditions [1]. Group 2: Market Performance - Ninebot's stock price surged over 13% to 73.5 yuan, with a trading volume of 19.65 billion yuan and a turnover rate of 5.02% [1]. - The company reported a revenue of 11.742 billion yuan for the first half of 2025, a year-on-year increase of 76.14%, and a net profit of 1.242 billion yuan, up 108.45% year-on-year [2]. Group 3: Industry Impact - The launch of NimbleOS is seen as a milestone, addressing the fragmentation of underlying technologies in the two-wheeled vehicle sector and introducing a "software-defined hardware" model [2]. - Future functionalities such as vehicle-road collaboration, smart traffic light control, and AI adaptive riding scenarios are expected to evolve from this platform, promoting a collaborative and intelligent two-wheeled transportation ecosystem [2]. - The OTA upgrade capability allows all models to receive continuous updates, transforming the traditional notion of two-wheeled vehicles as fixed products upon delivery [2].

Core Viewpoint - The launch of the self-developed operating system, Lingbo OS, by Ninebot marks a significant transition for the two-wheeled electric vehicle industry from a "mechanical era" to a "smart era" [4][5]. Group 1: Development of Lingbo OS - Ninebot's CTO emphasized the need for a dedicated operating system for two-wheeled electric vehicles to enhance user experience through robotics technology [5]. - The introduction of Lingbo OS aims to unify the software environment across different suppliers, addressing common bugs and enhancing product capabilities [6]. - Lingbo OS is designed to facilitate rapid accumulation and upgrades of product capabilities under a unified technical platform [6]. Group 2: Technical Features of Lingbo OS - The core technology of Lingbo OS includes high collaboration between cloud, edge, and terminal, ensuring safety and real-time operation in extreme scenarios [6]. - The system integrates various vehicle interaction features and supports one-click OTA upgrades, allowing older models to access new functionalities [6][8]. - Lingbo OS is built on a robust architecture that promotes efficient development, adaptability, and security, while also opening a platform for third-party developers [8]. Group 3: User Experience and Ecosystem - The goal is to transform the user experience development model from professional-generated content (PGC) to professional user-generated content (PUGC), encouraging user participation [8]. - Lingbo OS aims to provide a unique riding experience for each user, with features that adapt based on individual preferences and conditions [6][9]. - The system is expected to unlock more intelligent features as it expands to cover all of Ninebot's new and existing models [8].

Group 1: Technology Developments - Google launched its advanced image generation and editing model Gemini 2.5 Flash Image, which ranks first in AI image editing models and offers capabilities like character consistency and natural language precision in image editing [2] - SpaceX successfully conducted the tenth test flight of its Starship rocket, focusing on deploying simulated satellites and engine relight tests in space [3] - The new generation of China's operating system, Galaxy Kirin V11, was released, featuring a new architecture and compatibility with domestic CPUs and GPUs, with over 16 million deployments [4] Group 2: AI and Cloud Services - Alibaba Cloud's model service platform Baolian announced a price reduction for certain model context caching, lowering the cost from 40% to 20% of the input token price when cache hits occur [5] - Alibaba open-sourced its multimodal video generation model Wan2.2-S2V, capable of generating high-quality digital human videos from a single image and audio [6] - Baidu launched its AI search application "Tizzy.ai," now renamed "Ladder AI," focusing on ad-free intelligent search capabilities [7] Group 3: E-commerce and Marketing - JD Global Purchase announced a trial of group broadcasting during the Qixi Festival, featuring well-known boy and girl groups to attract viewers [8] Group 4: Corporate Developments - Pengding Holdings reported that its AI servers and optical modules have passed certification from some clients, with production capacity in its Huai'an park and ongoing construction in Thailand [11] - Tesla is considering price adjustments for its Model Y in the U.S. due to a surge in electric vehicle sales, with inventory rapidly decreasing [12] - Ninebot launched its self-developed operating system NimbleOS for electric two-wheelers, integrating various core modules for efficient collaboration [13] Group 5: Strategic Partnerships and Investments - Wolant Aviation secured a 3 billion yuan order for eVTOL aircraft from Agricultural Bank of China Financial Leasing, along with a strategic cooperation agreement for financial support [15] - Tianyue Advanced and Toshiba Electronics reached a cooperation agreement for SiC power semiconductor substrates, focusing on quality improvement and supply expansion [18] - ProLogis introduced Zhejiang state-owned assets as a strategic shareholder, investing 2.5 billion yuan to support its computing center initiatives [26] Group 6: Financial Performance - Cambricon reported a significant revenue increase of 4347.82% year-on-year, achieving a net profit of 1.038 billion yuan in the first half of the year [26] - Shenghong Technology's mid-year performance showed a revenue of 9.031 billion yuan and a net profit increase of 366.89%, driven by AI computing opportunities [27]

Group 1: Technology Developments - Google launched its advanced image generation and editing model, Gemini 2.5 Flash Image, which ranks first in AI image editing models and offers capabilities like character consistency and natural language precision in image editing [2] - SpaceX successfully conducted the tenth test flight of its Starship rocket, focusing on deploying simulated satellites and conducting engine re-ignition tests in space [3] - The new generation of the Chinese operating system, Galaxy Kirin OS V11, was released, featuring a new architecture and achieving over 16 million deployments [4] Group 2: AI and Cloud Services - Alibaba Cloud announced a price reduction for its model context caching service, lowering the cost from 40% to 20% of the input token price when cache hits occur [5] - Alibaba also open-sourced a multi-modal video generation model, Wan2.2-S2V, capable of creating high-quality digital human videos from a single image and audio [6] - Baidu launched an AI search application named "Tizzy.ai," now rebranded as "梯子AI," focusing on ad-free intelligent search capabilities [7] Group 3: E-commerce and Marketing Innovations - JD Global Purchase announced a trial of group broadcasting during the Qixi Festival, featuring popular boy and girl groups to enhance viewer engagement [8] - Douyin's Vice President refuted rumors regarding employee turnover rates, emphasizing the company's stable employee retention statistics [9] Group 4: Strategic Partnerships and Investments - Kingdee and Sailis Group established an AI laboratory to support Sailis's AI transformation plans, leveraging Kingdee's technology [10] - Pengding Holdings reported that its AI server and optical module products have received certifications from some clients, indicating progress in the AI market [11] - Volant Aviation secured a 3 billion yuan order for eVTOL aircraft from Agricultural Bank of China Financial Leasing [16] Group 5: Automotive and Transportation - Tesla is considering price adjustments for its Model Y in response to increasing demand for electric vehicles in the U.S. as tax incentives are set to expire [12] - Ninebot launched its self-developed operating system, NimbleOS, specifically for electric two-wheelers, enhancing operational efficiency [14] - WeRide and Shenzhen Bus Group launched the first L4 autonomous bus line in Shenzhen, offering free rides to the public [15] Group 6: Semiconductor and Manufacturing - SK Hynix announced the mass production of its 321-layer 3D NAND storage devices, which can support high-capacity SSDs for data centers [21] - Shiyun Circuit plans to invest 1.5 billion yuan in a new PCB manufacturing base to enhance production capacity for advanced HDI products [20] - Hesai Technology received approval from the China Securities Regulatory Commission for its overseas IPO [23] Group 7: Financial Performance - Cambricon reported a significant revenue increase of 4347.82% year-on-year, achieving a net profit of 1.038 billion yuan in the first half of the year [26][27] - Shenghong Technology's revenue grew by 86% year-on-year, with a net profit increase of 366.89%, driven by opportunities in AI computing [28]

Core Insights - The company launched the M5 series smart electric motorcycles and the NimbleOS short-distance transportation operating system, aiming to redefine high-end smart mobility and enhance user experience [1][8]. M5 Series Smart Electric Motorcycles - The M5 series is positioned as a high-end electric motorcycle with four core advantages: long range, spacious design, strong performance, and comprehensive smart features [3]. - The M5200 model features a 72V90Ah battery with a maximum range of 195 km, while the M5125 dual battery version offers a range of 120 km [4]. - The M5 series includes spacious storage solutions, with a seat bucket capacity of 32L and a large battery compartment measuring 646mm by 242mm [4]. - The motorcycles are equipped with advanced safety features, including a professional AXC chassis, dual-channel ABS, and a robust suspension system [5]. M5P Limited Edition Collaboration - The company announced a limited edition M5P model in collaboration with the classic IP "Neon Genesis Evangelion," set to launch in November 2025 [7]. - This model incorporates EVA mech aesthetics, enhancing its appeal as a collectible item for fans [7]. NimbleOS Short-Distance Transportation Operating System - NimbleOS is designed to create a unified smart ecosystem for short-distance transportation, addressing the issue of technological fragmentation in the industry [8][10]. - The system supports cloud-edge-device collaboration, enabling complex AI functionalities and ensuring a seamless user experience [10]. - NimbleOS allows for over-the-air updates, ensuring that older models can access new features without long wait times [11]. Market Availability - The M5100 and M5125 models are now available for purchase, while the M5200 and M5P limited edition will be released in November 2025 [13]. - The company emphasizes a user-centric approach, focusing on continuous innovation in the smart electric vehicle sector [13].

Core Viewpoint - Ninebot Company reported strong growth in the first half of the year, achieving record high revenue and net profit, marking it as the "strongest half-year report" [1] Financial Performance - The company achieved revenue of 11.742 billion yuan, a year-on-year increase of 76.14% [1] - Net profit attributable to shareholders reached 1.242 billion yuan, a significant increase of 108.45% year-on-year [1] - The gross profit margin improved by 1.5 percentage points to 30.39% [1] - Net cash flow from operating activities increased by 46.94% to 3.653 billion yuan [1] Business Segments - Revenue from smart electric two-wheelers reached 6.823 billion yuan, growing by 101.70% year-on-year, accounting for 58% of total revenue [1] - The balance bike and electric scooter segments generated revenue of 2.180 billion yuan, with a year-on-year growth of 37.23% [1] - In the first half of the year, the company sold 2.39 million units of smart electric two-wheelers in China, a growth of 99.5% [2] Market Position - Ninebot's electric two-wheelers are the fastest-growing among leading brands in the market, with a projected 29.5% growth in the industry by mid-2025 [2] - The cumulative shipment of smart electric two-wheelers in China surpassed 8 million units as of July 18, showcasing strong market competitiveness [3] Research and Development - The company invested 522 million yuan in R&D, a year-on-year increase of 49.5%, with 1,786 R&D personnel making up 31.55% of the total workforce [4] - Ninebot has accumulated 5,982 global intellectual property rights and has led or participated in over 110 domestic and international technical standards [4] - The company plans to launch the Lingbo OS technology brand in the second half of the year, aiming to leverage over 10 years of technological accumulation in the short-distance transportation sector [4] Industry Impact - Ninebot represents a new generation of "Chinese manufacturing," focusing on technological innovation and product development rather than merely competing on cost [5]

Core Viewpoint - Ninebot Company reported strong growth in the first half of the year, achieving record high revenue and net profit, marking it as the "strongest half-year report" [1] Financial Performance - The company achieved revenue of 11.742 billion yuan, a year-on-year increase of 76.14% - Net profit attributable to shareholders reached 1.242 billion yuan, a significant increase of 108.45% year-on-year [1] - The gross profit margin improved by 1.5 percentage points to 30.39% [1] - Net cash flow from operating activities increased by 46.94% to 3.653 billion yuan [1] Business Segments - Revenue from smart electric two-wheelers reached 6.823 billion yuan, growing by 101.70% year-on-year, accounting for 58% of total revenue [1] - The balance bike and electric scooter segments generated revenue of 2.180 billion yuan, with a year-on-year growth of 37.23% [1] - In the first half of the year, the company sold 2.39 million units of smart electric two-wheelers in China, a growth of 99.5% [2] Market Position - Ninebot's electric two-wheelers are the fastest-growing among leading brands in the market, with a projected 29.5% year-on-year growth in the industry by mid-2025 [2] - The cumulative shipment of smart electric two-wheelers surpassed 8 million units by July 18, achieving this milestone in just 64 days [3] - The electric scooter segment also performed well, with over 14 million units shipped, bolstered by the launch of the third-generation scooter at CES [3] Research and Development - The company invested 522 million yuan in R&D, a year-on-year increase of 49.5%, with 1,786 R&D personnel making up 31.55% of the workforce [4] - Ninebot has accumulated 5,982 global intellectual property rights and has led or participated in over 110 domestic and international technical standards [4] - The company plans to launch the Lingbo OS technology brand in the second half of the year, showcasing over 10 years of technological accumulation in the short-distance transportation sector [4] Industry Impact - Ninebot represents a new generation of "Chinese manufacturing," focusing on technological innovation and product development rather than merely competing on cost [5]

Core Viewpoint - Ninebot Company reported strong growth in the first half of the year, achieving record high revenue and net profit, marking it as the "strongest half-year report" [1] Financial Performance - The company achieved revenue of 11.742 billion yuan, a year-on-year increase of 76.14% - Net profit attributable to shareholders reached 1.242 billion yuan, a significant increase of 108.45% [1] - The gross margin improved by 1.5 percentage points to 30.39% [1] - Net cash flow from operating activities increased by 46.94% to 3.653 billion yuan [1] Business Segments - The smart electric two-wheeler segment generated revenue of 6.823 billion yuan, growing by 101.70%, accounting for 58% of total revenue [1] - The balance bike and electric scooter segments achieved revenue of 2.180 billion yuan, with a year-on-year growth of 37.23% [1] - In the first half of the year, the company sold 2.39 million smart electric two-wheelers in China, a growth of 99.5% [2] Market Position - Ninebot's electric two-wheelers are the fastest-growing among leading brands in the market, with a projected 29.5% growth in the industry by mid-2025 [2] - The cumulative shipment of smart electric two-wheelers in China surpassed 8 million units as of July 18, achieving this milestone in just 64 days [3] Product Innovation - The company launched the third-generation electric scooter at CES, which has received widespread acclaim for its advancements in key areas such as range, safety, and performance [3] - Ninebot has invested heavily in R&D, with expenditures reaching 522 million yuan, a 49.5% increase [4] - The company has developed proprietary systems like "Ridey GO," "Ridey LONG," and "Ridey FUN," enhancing user experience and safety [4] Future Outlook - Ninebot plans to launch the technology brand Lingbo OS in the second half of the year, aiming to leverage over 10 years of technological accumulation in the short transportation sector [4] - The company has accumulated 5,982 global intellectual property rights and has been involved in over 110 domestic and international technical standards [4] Industry Impact - Ninebot represents a new generation of "Chinese smart manufacturing," significantly enhancing the global competitiveness and brand influence of Chinese products through technological innovation [5]