Core Viewpoint - The article discusses the recent rumors regarding a promotional event by Xiaomi, which were confirmed to be false by both Xiaomi's customer service and the company itself. Additionally, it highlights Xiaomi's plans for its automotive business, including the expected profitability timeline and product development updates. Group 1: Rumor Clarification - A rumor circulated online about a promotional event by Xiaomi, allegedly announced by founder Lei Jun, offering an 18 yuan no-threshold red envelope for the launch of the Xiaomi YU7 [1] - Xiaomi's customer service confirmed that there was no such event and advised to rely on official channels for accurate information [1] - Xiaomi Group officially labeled the rumors as false during a media interview [1] Group 2: Automotive Business Insights - Lei Jun predicted that Xiaomi's automotive business would achieve profitability in the third or fourth quarter of this year [1] - The company has been investing in robotics for five years and is currently testing related capabilities in its automotive factory [1] - Xiaomi is developing its own automotive chips, which are expected to be launched soon [1] - The Xiaomi YU7, the company's first SUV, was unveiled at the 15th-anniversary event, with a focus on being a "luxury high-performance SUV" [1] - As of May 25, the number of users expressing interest in the YU7 was three times that of the SU7 technology release, with over 60% being first-time registrants [1]

Group 1: Domestic News - The National Development and Reform Commission announced an increase in domestic oil prices, with gasoline and diesel prices rising by 65 yuan and 60 yuan per ton respectively, effective from June 3, 2025 [2] - The Ministry of Industry and Information Technology, along with other departments, launched the 2025 New Energy Vehicle Rural Promotion Campaign, targeting counties with low market penetration for electric vehicles to enhance resource allocation and promote sales [3] - The National Development and Reform Commission and the National Energy Administration outlined plans to create a modern electricity business environment by 2029, focusing on convenience, quality, green energy, inclusivity, and regulatory collaboration [4] - The China Logistics and Purchasing Federation reported that the total social logistics volume for January to April 2023 reached 115.3 trillion yuan, reflecting a year-on-year growth of 5.6% [5] Group 2: International News - The European Union warned of potential accelerated tariff retaliation against the U.S. if new tariffs on steel and aluminum are implemented, expressing regret over the U.S. decision to increase tariffs from 25% to 50% [6] Group 3: Corporate News - Stellantis Group appointed Sébastien Jacquet as the new Chief Quality Officer, effective immediately, following the appointment of Antonio Filosa as the new CEO [7] - Tesla's sales in France plummeted by 67% in May, with only 721 vehicles sold, marking the lowest sales level since July 2022, leading to a 2.3% drop in Tesla's stock price [8][9] - Ford announced a recall of 1,075,299 vehicles in the U.S. due to a software issue affecting rearview camera functionality, which could increase collision risks [10] - Xiaomi's founder Lei Jun revealed that the company is testing robotic capabilities in its automotive factory and is close to launching its automotive chip [11] - NIO confirmed that there has been no change in the shareholding of its president, Qin Lihong, amidst rumors of stock fluctuations [12] - Four-dimensional Map announced a strategic cooperation framework agreement with Alibaba Cloud to explore collaboration in various fields, including advanced driving assistance and smart transportation [13] - Hongmeng Zhixing reported that its new model, the Zun Jie S800, achieved 2,600 pre-orders within 72 hours of its launch [14] - Zhongyuan Neipei signed a strategic cooperation framework agreement with Sunshine New Energy to collaborate on energy structure transformation and hydrogen energy projects [15]

Summary of Conference Call Records Industry Overview: Automotive Chips and Components Key Points on Automotive Chips - Lei Jun, founder of Xiaomi, announced that Xiaomi's automotive chips are expected to be launched soon, with the company projected to hold the largest market share among domestic manufacturers for automotive simulation chips in 2024 [1] - The automotive chip market in China is anticipated to reach 120 billion yuan in 2024 and exceed 300 billion yuan by 2030, reflecting a compound annual growth rate (CAGR) of over 25% [1] - Domestic automotive manufacturers are focusing on both electrification and intelligence, actively promoting the localization of automotive chips, transitioning from product development to large-scale sales [1][2] Key Points on Automotive Components - The Ministry of Industry and Information Technology, along with four other departments, is organizing the 2025 New Energy Vehicle (NEV) promotion activities in rural areas, aiming to enhance NEV penetration rates [3] - The initiative will target counties with low NEV adoption rates and will include various promotional activities, encouraging participation from manufacturers, sales, and service providers [3] - WanTong Intelligent Control is noted as one of the earliest developers of Tire Pressure Monitoring System (TPMS) sensors in China, supplying to major manufacturers like BAIC Arcfox and Tesla [4] Market Dynamics - The penetration rate of new energy vehicles in lower-tier cities is significantly lower than in first- and second-tier cities, indicating substantial growth potential [4] - Analysts predict that the automotive sector is entering a phase of high sales growth, driven by new vehicle launches and advancements in technology [4] - The automotive parts sector is seeing increased demand for components such as high polymer fluid pipeline systems and sealing systems for new energy vehicles [4] Additional Insights - Xiaomi's investment in robotics and automotive technology is part of a broader trend of technology companies entering the automotive space, which may lead to increased competition and innovation in the automotive chip market [1] - The collaboration between companies like Xiaomi and commercial suppliers in areas such as laser radar and battery management systems indicates a growing ecosystem of partnerships aimed at enhancing automotive technology [2] - The government's initiatives to promote NEVs in rural areas are expected to create new market opportunities and drive demand for automotive components and services [3] Conclusion The automotive chip and component industry in China is poised for significant growth, driven by technological advancements, government initiatives, and increasing consumer demand for new energy vehicles. Companies like Xiaomi and WanTong Intelligent Control are at the forefront of this transformation, highlighting the dynamic nature of the market.

Group 1 - Lei Jun, the founder of Xiaomi, announced at the investor conference that the pricing for the new Xiaomi YU7 will not be the rumored 235,900 yuan, with the official price to be confirmed shortly [3] - Xiaomi has been investing in robotics for five years, and its automotive chip development is underway, expected to be launched soon [3] Group 2 - TSMC is set to begin production of its 2nm process technology, marking a significant advancement in the semiconductor manufacturing sector [7] - The total cost from R&D to mass production for TSMC's 2nm process is reported to be $725 million, with the foundry price for each wafer reaching $30,000 (approximately 216,000 yuan) [7] - The anticipated price for the more advanced 1.4nm process is expected to be $45,000 (approximately 324,000 yuan) [7] Group 3 - Microsoft is planning to reduce its aggressive promotion of the Edge browser, particularly in the European Economic Area (EEA), in response to the EU's Digital Markets Act [10] - The new regulations require Microsoft to respect user choices and limit forced promotions of its browser [10]

Core Viewpoint - Xiaomi's automotive business is expected to achieve profitability in the third or fourth quarter of 2025, according to CEO Lei Jun's predictions during the investor conference [1][3]. Group 1: Automotive Business Developments - The newly launched Xiaomi YU7 is not priced at the rumored 235,900 yuan, with the official price to be confirmed one to two days before sales begin [2][7]. - Xiaomi is committed to not engaging in price wars and plans to develop its own automotive chips, with expectations of breaking even and achieving profitability in new business segments by the third or fourth quarter of 2025 [2][9]. - The YU7 has generated significant interest at the 2025 Guangdong-Hong Kong-Macao Greater Bay Area Auto Show, with long queues for static displays [4][6]. Group 2: Product Specifications and Market Position - The YU7 is positioned as a "luxury high-performance SUV," featuring a standard range of 835 km, a maximum power of 690 PS, and a 0-100 km/h acceleration time of 3.23 seconds [7]. - Xiaomi's investment in the YU7's intelligent driving research and development totals 3.5 billion yuan, indicating a strong commitment to innovation in the automotive sector [7]. - The SU7 model has already seen over 28,000 units delivered as of May 2025, and mass production of the YU7 is expected to begin in July [8]. Group 3: Industry Context and Competitive Strategy - Xiaomi's strategy aligns with industry leaders who advocate for competition based on technology and service rather than price, as highlighted by comments from executives of other automotive companies [10]. - The automotive industry in China is experiencing intense competition, with over 200 models participating in price reductions, which has led to declining profit margins [10].

Core Viewpoint - Xiaomi's automotive business is gradually narrowing its losses and is expected to achieve profitability in the third to fourth quarter of this year [1] Group 1: Automotive Business - Xiaomi's latest car model, YU7, will not be priced at the rumored 235,900 yuan, with the official pricing to be determined 1-2 days prior to launch [1] - The total budget for the intelligent driving research and development of YU7 is set at 3.5 billion yuan, placing Xiaomi's investment at a leading level within the industry [1] - Xiaomi has been investing in robotics research and development for five years, with its automotive factory currently testing related capabilities [1] Group 2: Future Developments - Xiaomi is in the process of developing its own automotive chips, which are expected to be launched soon [1] - The company aims to maintain a hardware profit margin of 5% in the long term [1]