该技术随小米首款SUV车型YU7实现量产首发，搭载PHUD（虚拟全景抬头显示）技术覆盖A柱到A柱 的贯穿式显示区域，支持主副驾信息分区显示与五类信息卡片自由组合，可联动盲区影像辅助与SR路 况显示功能。车机系统搭载NVIDIA Thor芯片，配合激光雷达实现全场景辅助驾驶交互。 凤凰网科技讯 8月26日，天眼查App显示，小米汽车科技有限公司、小米科技（武汉）有限公司、北京 小米移动软件有限公司、北京小米松果电子有限公司申请的"全景图像的生成方法、装置、车辆、存储 介质及程序产品"专利公布。 摘要显示，本公开涉及的全景图像的生成方法包括：响应于车辆具有相机外参校准需求，获取所述车辆 的实时悬架高度；根据所述实时悬架高度，对所述车辆的相机外参进行校准，得到校准后的相机外参； 根据所述校准后的相机外参和相机采集的图像，生成全景图像。该技术方案在应用全景图像的智能座舱 场景中，可以提升用户体验和驾驶安全性。 据悉，小米汽车此前曾推出小米天际屏全景显示（Xiaomi HyperVision），是小米汽车推出的车辆交互 显示系统，通过在前挡风玻璃下沿设置 1.1 米超宽全景显示区域，集成导航、时速、安全提示等信息， 取 ...

以下文章来源于晚点Auto ，作者晚点团队 晚点Auto . 从制造到创造，从不可能到可能。《晚点LatePost》旗下汽车品牌。 小米当前最重要的是完成全年 35 万辆的交付目标。 文 丨 曾兴 编辑 丨 龚方毅 8 月 19 日，小米集团公布了 2025 年第二季度财报。在汽车业务的强劲拉动下，集团总收入达 1160 亿元，连续五个季度创新高；经调整净利润 108 亿元，同比增长 75.4%。其中，汽车业务的表现超出 了最乐观的预期，销量、平均售价和毛利率同时跃升。 当季小米交付 8.1 万辆新车，汽车营收约 206 亿元、已占集团总收入近两成。随着高配车型（如 SU7 Ultra）交付增加，单车均价（不含税）环比提升 1.6 万元至 25.4 万元；季度毛利率在全行业深陷价格 战时依然上升到 26.4%。 不过，业绩会上分析师没有问、管理层也没有主动释放产能信息。倒是股票社区富途里小米港股评论 区一直有人在刷评论问二期工厂什么时候投产。 从零到月产 3 万辆，对于任何新工厂都是巨大的挑战。销售、交付、售后服务体系的超高速扩张，必 然带来管理的挑战和效率的损耗。单店效率、人员复用率在初期都难以达到最优。这 ...

小米当前最重要的是完成全年 35 万辆的交付目标。 文 丨 曾兴 编辑 丨 龚方毅 8 月 19 日，小米集团公布了 2025 年第二季度财报。在汽车业务的强劲拉动下，集团总收入达 1160 亿元，连续五个季度创新高；经调整净利润 108 亿元，同比增长 75.4%。其中，汽车业务的表现超出 了最乐观的预期，销量、平均售价和毛利率同时跃升。 当季小米交付 8.1 万辆新车，汽车营收约 206 亿元、已占集团总收入近两成。随着高配车型（如 SU7 Ultra）交付增加，单车均价（不含税）环比提升 1.6 万元至 25.4 万元；季度毛利率在全行业深陷价格 战时依然上升到 26.4%。 据我们一线走访和交流，随着初期流量高峰过去，部分小米汽车门店的自然客流正在下降，到店者多 为已锁单用户。"店里 20+ 销售，周一到周五简直就是守寡式站岗。" 一位销售人员形容道。还有的销 售说店内客户关系维护和交付工作量巨大，但收入增长有限，"爆卖跟自己没关系"。准车主也抱怨服 务能力的滞后："我都熬走了 2 个交付了，车还没拿到。" 截至 6 月底，小米在国内开了 335 家汽车销售门店。卢伟冰在业绩会前的媒体沟通会上表示，国 ...

Core Insights - Xiaomi Group reported a total revenue of 116 billion yuan for Q2 2025, marking a 30.5% year-on-year increase and surpassing the 100 billion yuan mark for three consecutive quarters [1] - Adjusted net profit reached 10.8 billion yuan, a significant year-on-year growth of 75.4% [1] Revenue Breakdown - The automotive business entered a phase of scaled growth, generating 21.3 billion yuan in revenue, with 81,302 new car deliveries in the quarter and a cumulative delivery exceeding 300,000 units [1] - Smartphone shipments totaled 42.4 million units, achieving year-on-year growth for eight consecutive quarters, maintaining a top-three position globally for five years [1] - Revenue from IoT and consumer products reached 38.7 billion yuan, a 44.7% year-on-year increase, with significant growth in smart home appliances [1] Product Performance - In the 4,000-5,000 yuan price segment, Xiaomi holds a market share of 24.7% in mainland China, ranking first, while the 5,000-6,000 yuan segment saw a market share increase of 6.5 percentage points to 15.4% [1] - Smart home appliances saw remarkable performance, with air conditioner shipments exceeding 5.4 million units (over 60% year-on-year growth), refrigerator shipments over 790,000 units (over 25% growth), and washing machine shipments over 600,000 units (over 45% growth) [1] R&D Investment - The company invested 7.8 billion yuan in R&D for the quarter, a 41.2% year-on-year increase, with a total of 22,641 R&D personnel, a record high [2] - The successful launch of the self-developed 3nm flagship SoC chip and the open-sourcing of the multimodal large model Xiaomi MiMo-VL-7B were notable achievements [2]

Group 1 - Xiaomi has received over 300,000 orders for its cars, with an additional 240,000 orders for the YU7 model, leading to delivery challenges as the earliest delivery time is approximately 45 weeks [3] - The Xiaomi factory utilizes Stand's robots to enhance production capacity, achieving a new car every 76 seconds, equating to 40 cars per hour [4] - Stand, the industrial-grade smart mobile robot company, has gained significant attention due to Xiaomi's order surge, although its CEO has faced numerous challenges in the past [5][6] Group 2 - Stand's robots have been deployed in major manufacturers like Huawei and Foxconn, contributing over 20 million hours of service to the manufacturing industry [5] - The company has submitted its IPO application to the Hong Kong Stock Exchange, aiming to become the first public company in the industrial embodiment intelligence sector [5] - Stand's technology, particularly its SLAM positioning, allows for high precision in robot movement, crucial for establishing production standards in complex industrial environments [11] Group 3 - The demand for smart warehousing robots has surged due to high operational costs in China's logistics compared to developed countries, prompting a shift towards automation [10] - Stand's robots have successfully replaced human labor in factories, improving production efficiency by nearly 10% [22] - The company has expanded its focus to the semiconductor and electric vehicle industries, leveraging its technology to meet the high precision and cleanliness requirements of these sectors [23][24] Group 4 - Stand faced significant challenges during the COVID-19 pandemic, with supply chain disruptions leading to production halts and cash flow issues [24][25] - The company received crucial financial support during its darkest moments, allowing it to pivot towards domestic alternatives for key components [25] - Stand has established itself as a leader in the industrial robot market, capable of managing over 2,000 robots in a single simulated environment [27]

Investment Rating - The report maintains a "Buy" rating for Xiaomi Group [3][5] Core Views - Xiaomi's smartphone shipments reached 42.4 million units in Q2 2025, showing a slight increase from 42.3 million units in the same period last year, maintaining a global market share of 15% [1] - The company achieved record sales during the 618 shopping festival, with total payments exceeding 35.5 billion yuan [1] - The launch of the YU7 luxury SUV has seen strong demand, with over 200,000 units reserved within 3 minutes of its announcement [2] Financial Projections - Revenue projections for 2025-2027 are 475.1 billion yuan, 618.9 billion yuan, and 743.9 billion yuan, representing year-on-year growth of 30%, 30%, and 20% respectively [3][4] - Adjusted net profit estimates for the same period are 40.8 billion yuan, 57.2 billion yuan, and 74.1 billion yuan [3][4] - The report anticipates a non-GAAP EPS of 1.6 yuan, 2.2 yuan, and 2.8 yuan for 2025, 2026, and 2027 respectively [4][12] Market Performance - Xiaomi's smartphone sales in China reached 10.4 million units in Q2 2025, with a market share increase to 15% [1] - The company has also seen significant growth in its IoT and consumer products segment, with a projected revenue of 132.1 billion yuan in 2025 [12] - The report highlights Xiaomi's strong performance in various markets, including Latin America and Africa, driven by product strength [1][2]

Core Viewpoint - The intelligent driving industry is transitioning from Level 2 (L2) to Level 3 (L3), with significant technological advancements improving user experience [2]. Group 1: Industry Development - The intelligent driving sector is gaining momentum, with companies like Xiaomi achieving impressive sales, such as the YU7 model reaching over 200,000 pre-orders in just three minutes [2]. - The industry is entering a more complex phase, requiring deeper engagement and collaboration among stakeholders to tackle challenges [2]. - The company emphasizes the importance of steady progress and overcoming production challenges as it moves towards L3 capabilities [2]. Group 2: Educational Initiatives - The company is inviting industry leaders to contribute to the development of online courses and consulting services in the autonomous driving field [3]. - There is a focus on advanced topics such as large models, reinforcement learning, and 3D simulation, encouraging experts to join in creating high-quality educational content [3][4]. Group 3: Recruitment and Collaboration - The company seeks individuals with a PhD or equivalent experience, particularly those with over three years of research and development experience in the industry [4]. - It offers attractive compensation packages, including significant profit-sharing and resource sharing across the industry, with options for part-time or full-time involvement [6].

Core Viewpoint - The intelligent driving industry is transitioning from Level 2 (L2) to Level 3 (L3), with significant technological advancements improving user experience [2]. Group 1: Industry Development - The intelligent driving sector is gaining momentum, with companies like Xiaomi achieving impressive sales, such as the YU7 model reaching over 200,000 pre-orders in just three minutes [2]. - The industry is entering a more complex phase, requiring deeper engagement and collaboration among stakeholders to tackle challenges [2]. - The company emphasizes the importance of steady progress and overcoming production challenges as it moves towards L3 capabilities [2]. Group 2: Educational Initiatives - The company is inviting industry leaders to contribute to the development of online courses and consulting services in the autonomous driving field [3]. - There is a focus on advanced topics such as large models, reinforcement learning, and 3D simulation, encouraging experts to join in creating high-quality educational content [3][4]. Group 3: Recruitment and Collaboration - The company seeks individuals with a PhD or equivalent experience, particularly those with over three years of research and development experience in the industry [4]. - It offers attractive compensation packages, including significant profit-sharing and resource sharing across the industry, with options for part-time or full-time engagement [6].

Core Viewpoint - The intelligent driving industry is transitioning from Level 2 (L2) to Level 3 (L3), with significant technological advancements improving user experience [2]. Group 1: Industry Development - The intelligent driving sector is gaining momentum, with companies like Xiaomi achieving impressive sales, such as the YU7 model reaching over 200,000 pre-orders in just three minutes [2]. - The industry is entering a more complex phase, requiring deeper engagement and collaboration among stakeholders to tackle challenges [2]. Group 2: Educational Initiatives - The company is inviting experts in the autonomous driving field to contribute to the development of online courses and consulting services [3]. - There is a focus on advanced topics such as large models, reinforcement learning, and 3D simulation, encouraging participation from individuals with relevant expertise [3][4]. Group 3: Collaboration and Opportunities - The company aims to create a platform for collaboration among global developers and researchers in the autonomous driving sector [2]. - It offers flexible working arrangements, including part-time and full-time opportunities, along with significant profit-sharing and resource sharing within the industry [6].

Core Insights - Multiple companies reported significant growth in electric vehicle (EV) sales for July, indicating a robust market performance in the EV sector. Group 1: Sales Performance - BYD achieved sales of 344,296 units in July, a slight increase from 342,383 units year-on-year, with overseas sales of passenger cars and pickups reaching 80,178 units, up 159.5% [9] - SAIC-GM-Wuling reported total global sales of 123,341 units, a year-on-year increase of 13.7%, with new energy vehicle sales at 73,901 units, up 50.9% [11] - Leap Motor's sales reached 50,129 units, marking its first month surpassing 50,000 units, with a year-on-year growth exceeding 126% [15] - Xpeng Motors delivered 36,717 vehicles, a year-on-year increase of 229% and a month-on-month increase of 6%, achieving a historical high for monthly deliveries [18] - Li Auto delivered 30,731 vehicles, showing a year-on-year decline of 40% and a month-on-month decline of 15.3% [21] - Xiaomi's deliveries exceeded 30,000 units, driven by the launch of its first electric SUV, YU7 [23] - Deep Blue's sales reached 27,169 units, reflecting a year-on-year growth of 62% [28] - GAC Aion sold 26,557 units, with a strong charging infrastructure supporting its growth [32] - NIO delivered 21,017 vehicles, with a year-to-date growth of 25.2% [36] - Zeekr sold 16,977 units, maintaining a consistent monthly sales performance [38] - Lantu achieved sales of 12,135 units, with a year-on-year increase of 102% [40] - Avita's sales reached 10,062 units, marking a year-on-year growth of 178% [41] - ARCFOX delivered 9,436 units, with a year-on-year increase of 50.35% [45] - Zhiji delivered 7,027 units, with a month-on-month increase of 16.6% [47] - Hongmeng Zhixing's total sales reached 47,752 units, maintaining a leading position among new energy and luxury brands [51] Group 2: Market Trends and Developments - The overall performance of the EV market in July indicates strong consumer demand and competitive dynamics among various manufacturers [2][3] - The introduction of new models and expansion of sales channels, including international markets, are key strategies driving growth for several companies [15][23][28] - The competitive landscape is intensifying, with some companies facing challenges in maintaining growth rates amid increasing market competition [21]