近日，深圳腾势新能源汽车有限公司宣布，与美的集团股份有限公司旗下高端AI科技家电品牌科 慕（COLMO）达成战略合作。此后，腾势N8L汽车用户可在车内控制全屋智能家电，在家中也能实时 查看车辆状态或执行远程操控。 几乎同期，阿维塔科技也与海尔集团旗下卡泰驰控股正式达成合作，双方将基于阿维塔全新百万元级旗 舰车型，在产品定制共创、车家场景互通、车载功能设计等方向展开联合创新，共同打造更具高端体验 与科技融合感的智慧出行方案。 了"人车家"三大场景的全面打通，推动硬件设备的无缝连接与实时协同。2025年6月，广汽丰田正式宣 布与小米达成战略合作，双方将在智能生态领域深度融合。此次合作的核心在于，广汽丰田车型接入小 米"人车家全生态"，并开放硬件接口标准，首款搭载该生态的车型为计划于2026年量产的铂智7。据 悉，小米的AIoT生态（如米家App）也将实现上车，支持远程控制家居设备与车载场景联动。 技术驱动与生态破局 随着车企与家电企业合作的深入，智能汽车作为移动智能终端的功能将被进一步激活，"人车家"生态场 景有望得到实质性拓展。具体来看，一是双向控制成为标配，用户可在车内控制家电、在家中查看车辆 状态或远程备车 ...

北京商报讯（记者 陶凤 王天逸）11月19日，小米集团宣布，2025 小米"人车家全生态"合作伙伴大会将 于12月17日在北京·国家会议中心举办。 大会聚焦软硬件前沿技术，探索行业新趋势，设有1个主论坛与9个分论坛，涵盖小米澎湃OS、互联网 服务、IoT与生态链业务，并首次纳入汽车CarIoT生态业务。全面展示人、车、家三大场景的超级智能 生态，为合作伙伴搭建协同创新的开放平台，共同推动产业共赢进步。 ...

Group 1 - The Nasdaq Golden Dragon China Index saw significant gains, with notable increases in companies such as GDS Holdings up 16.6%, Daqo New Energy up 12.6%, and Alibaba maintaining around a 10% increase [1] - The Hang Seng Tech Index rose over 2%, led by Hua Hong Semiconductor and followed by SMIC and Alibaba [1] - Xiaomi officially announced the global launch of its 17 series featuring the fifth-generation Snapdragon 8 processor, which boasts a peak frequency of 4.6GHz and significant power efficiency improvements [1] Group 2 - Zhongtai Securities indicated that the Hong Kong stock market is expected to continue its structural rise, supported by the US-China summit and improved sentiment in the A-share market, with a focus on the technology sector driven by AI demand [2] - The Hong Kong Stock Connect Technology ETF (159262) rose 1.65%, with component stocks like Hua Hong Semiconductor and Xiaomi Group showing strong performance [2] - The Hang Seng Stock Connect Technology Index excludes sectors like pharmaceuticals and automobiles, focusing on TMT industries, with major weights in AI leaders such as Alibaba, Tencent, and Xiaomi [2] Group 3 - As of September 24, 2025, the Hong Kong Stock Connect Technology ETF reached a record size of 5.034 billion yuan, marking the highest since its inception [3] - The ETF has seen continuous net inflows over the past 12 days, with a peak single-day inflow of 325 million yuan, totaling 785 million yuan in net inflows [3] Group 4 - The Hong Kong Stock Connect Technology ETF represents a shift from "Internet" to "AI+" within the hard technology sector [4]

Core Insights - Xiaomi's CEO Lei Jun announced the company's ambitious plans to venture into car manufacturing and chip development, emphasizing the importance of these initiatives for the company's future growth [1][3][20] - The launch of the Xiaomi 17 series, featuring the latest Snapdragon 8 processor, is expected to enhance the company's product offerings and market competitiveness [7][18] Group 1: Company Strategy - Xiaomi is investing heavily in both automotive and semiconductor sectors, indicating a significant shift in its business strategy [3][20] - The company aims to leverage its existing resources and expertise to establish a foothold in these new markets, which are seen as critical for long-term success [3][22] Group 2: Product Launch - The Xiaomi 17 series, which includes three models, is set to be unveiled, showcasing advancements in technology and performance [17][18] - The new series is equipped with the latest Xiaomi Surge OS, marking a significant upgrade in the company's smartphone technology [18] Group 3: Financial Performance - Xiaomi reported a record revenue of 1159.6 billion RMB for Q2 2025, reflecting a year-on-year growth of 30.5% [20] - The adjusted net profit for the same period reached 108.3 billion RMB, a remarkable increase of 75.4% year-on-year, indicating strong financial health [20] Group 4: Market Reaction - Following the announcements, Xiaomi's stock price rose by 3.6%, reaching 58.95 HKD, with a total market capitalization increase of over 530 billion HKD (approximately 485 billion RMB) [13]

Core Viewpoint - Xiaomi has introduced its new "Super Island" feature in the latest version of its operating system, with various applications and functionalities set to be rolled out in the coming weeks [1] Group 1: Feature Introduction - The "Super Island" feature will support over 40 application scenarios, including Xiaomi Weather (for abnormal weather), Xiaomi Car Charging, and Miao Enjoy Desktop [1] - Third-party applications such as Didi, Taobao (for logistics tracking), and NetEase Cloud Music will also be compatible with the "Super Island" feature [1] Group 2: Rollout Schedule - The adaptation for NFC scenarios is expected to begin rolling out no later than September 8 [1] - The "Shift Alarm Clock" feature is planned to start rolling out no later than September 10 [1] - The Beta version for the Xiaomi 14 series is anticipated to begin rolling out no later than September 30 [1] Group 3: System Updates - The "Double Tap to Lock Screen" feature has already begun its rollout, and users can update the system desktop app to version 6.01.02.1011 or above to experience it [1]

Core Viewpoint - Tesla's integration of local AI models into its vehicles signifies a response to the growing demand for enhanced smart cockpit experiences in China, addressing previous shortcomings in user interaction and technology [1][2][25] Group 1: Market Trends and Predictions - The market for smart cockpit solutions in China's passenger vehicle sector is projected to reach 156.4 billion yuan by 2025, driven by the transformation of human-vehicle interaction through AI models [3] - The competition in the smart cockpit space is intensifying, with companies either developing their own AI models or partnering with leading tech firms to enhance user experience [3][25] Group 2: New Energy Vehicle Companies' Strategies - New energy vehicle companies like Xiaomi and NIO are focusing on self-developing AI models to create a closed-loop data and industry chain for their smart cockpits [4][10] - Xiaomi's "Human-Vehicle-Home Ecosystem" strategy exemplifies a successful model, integrating various devices for a seamless user experience [4][5][10] Group 3: Traditional Automakers' Collaborations - Traditional automakers are opting to collaborate with top tech companies to quickly address their AI deficiencies, as seen in Chery's partnership with iFlytek [11][12] - Chery's sales reached 2.6 million units in 2024, marking a 38.4% year-on-year increase, showcasing the effectiveness of its strategic focus on AI [12][14] Group 4: AI Model Development and Implementation - iFlytek is a leading player in the automotive AI model space, providing a comprehensive platform that supports various intelligent applications for vehicles [17][22] - The integration of iFlytek's AI model allows for voice command control of 90% of vehicle functions, enhancing user convenience and safety [16][25] Group 5: Competitive Landscape Among Tech Giants - Major tech companies like Huawei and Baidu are also entering the automotive AI space, with Huawei's HarmonySpace and Baidu's intelligent cockpit solutions [23][24] - The evolution of human-vehicle interaction is shifting towards emotional engagement and integrated decision-making, indicating a broader trend in automotive AI development [25]

Group 1 - The core viewpoint of the article highlights that Xiaomi's SU7 is expected to be a blockbuster upon its launch in 2024, with the company establishing a comprehensive ecosystem that integrates "mobile × AIoT" and smart electric vehicles, driving growth in both sectors [1][2] - Xiaomi's smartphone business is projected to generate revenue of 191.8 billion yuan in 2024, with a global shipment ranking of third, and an increase in average selling price from 973 yuan in 2019 to 1,138 yuan in 2024, indicating the success of its high-end strategy [1] - The company is focusing on self-research and development to strengthen its competitive advantage, with the launch of its first self-developed smartphone chip, Xuanjie O1, utilizing TSMC's second-generation 3nm process, featuring 19 billion transistors [1] Group 2 - The IoT and consumer products segment is entering a rapid growth phase, with smart home appliances experiencing significant expansion, and the company leveraging its "home" ecosystem to create a strong flywheel effect [1] - The automotive segment is expected to see rapid development, with the SU7's performance and pricing advantages over competitors, and the upcoming launch of the YU7 electric SUV in July 2025, which is anticipated to become another bestseller [2] - The company is projected to achieve annual revenue of 478.6 billion yuan in 2025, with a year-on-year growth of 30.8%, and net profit of 42.9 billion yuan, reflecting a significant increase of 81.3% [2]

Investment Rating - The report maintains a "Positive" investment rating for the home appliance industry [12] Core Insights - Xiaomi Group's 2023 "Human-Vehicle-Home Ecosystem" strategy integrates mobile phones, home appliances, and automobiles through the Surge OS system, promoting seamless connectivity of smart hardware [4][24] - Xiaomi's home appliance business has achieved significant growth, particularly in air conditioning, with sales volume ranking among the industry leaders [4][7] - The IoT and consumer products segment is projected to account for 28.45% of Xiaomi's total revenue in 2024, with air conditioning sales expected to exceed 6.8 million units, a year-on-year growth of over 50% [7][21] Summary by Sections Overview: Building the Human-Vehicle-Home Ecosystem - Xiaomi has rapidly expanded its home appliance market share by leveraging its competitive pricing strategy and innovative technology [7][8] - The company has increased its offline retail presence, with plans to open over 100 "Human-Vehicle-Home" integrated stores in 2024 [27][29] Rise: Three Strategies Driving High Growth in Home Appliances - Xiaomi's market share has surged due to its focus on creating popular products, differentiated competition, and enhancing user loyalty through an integrated ecosystem [8][54] - The company has adopted a low-price strategy similar to that of its competitors, attracting price-sensitive consumers while maintaining a focus on quality [9][62] Impact: Leading Brands Maintain Advantage, Xiaomi's Entry Sparks Change - Xiaomi's entry into the air conditioning market has prompted established brands to adapt their strategies, although the latter still hold significant market share [9][62] - The competitive landscape is evolving, with Xiaomi's low-price strategy posing challenges to traditional leaders like Gree and Midea [9][63] Investment Recommendations: Focus on Certainty Growth Leaders - The report suggests investing in quality leaders with low exposure to the U.S. market, such as Gree Electric, Midea Group, and Hisense Home Appliances, which are expected to benefit from domestic demand trends [10][13]

Core Viewpoint - The article discusses the battery specifications and performance of the Xiaomi YU7 electric vehicle models, highlighting the collaboration with leading battery manufacturers and the safety standards adhered to by Xiaomi [1][2]. Battery Specifications - The Xiaomi YU7 standard and Pro versions are equipped with a 96.3 kWh lithium iron phosphate battery, while the YU7 Max features a 101.7 kWh ternary lithium battery [1][2]. - The YU7 standard version offers a CLTC range of 835 km, making it the leader in range for mid-to-large pure electric SUVs [4]. - The YU7 Pro also has a CLTC range of 770 km and is recognized as the leader in range for all-wheel-drive pure electric SUVs [5]. - The YU7 Max has a CLTC range of 760 km [6]. Performance Metrics - The YU7 standard version accelerates from 0 to 100 km/h in 5.88 seconds, with a peak torque of 528 N·m and a maximum power of 320 PS [9]. - The YU7 Pro achieves 0 to 100 km/h in 4.27 seconds, with a peak torque of 690 N·m and a maximum power of 496 PS [10]. - The YU7 Max boasts a remarkable acceleration of 0 to 100 km/h in 3.23 seconds, with a peak torque of 866 N·m and a maximum power of 690 PS [10]. Safety and Standards - Xiaomi emphasizes that all battery packs meet stringent safety design and high standard requirements, ensuring compliance with the new national battery safety testing standards [2].

Investment Rating - The report gives a "Recommended" rating for Xiaomi Group [1] Core Views - Xiaomi Group is transitioning into a "people, car, and home" ecosystem, with the launch of its automotive business marking a significant step forward. The company aims to become one of the top five automotive manufacturers globally, with a target annual sales volume exceeding 6 million units [6][20][44]. Summary by Sections 1. Company Overview - Xiaomi Group, founded in 2010, has evolved from a smartphone manufacturer to a comprehensive technology ecosystem, now including electric vehicles. The first model, SU7, is set to launch in 2024, with a planned investment of $10 billion over the next decade for its automotive division [10][21]. 2. Automotive Business Vision - The SU7 model has received strong market interest, with a significant number of pre-orders. The company plans to introduce additional models, including the YU7 SUV, by mid-2025 [20][27]. - Xiaomi's automotive business is supported by strong internal resources and leadership from CEO Lei Jun, enhancing its market visibility and supplier confidence [6][40]. 3. Financial Projections - Revenue projections for Xiaomi Group show a significant increase, with expected revenues of 365.9 billion CNY in 2024 and 471.4 billion CNY in 2025, reflecting a year-on-year growth of 35% and 28.8% respectively [5]. - Net profit is projected to grow from 17.5 billion CNY in 2023 to 35.4 billion CNY in 2025, indicating a robust growth trajectory [5]. 4. Market Position and Strategy - Xiaomi maintains a strong position in the smartphone market, ranking third globally with a market share of 13.8% in 2024. The company is also expanding its IoT ecosystem, which is expected to enhance user engagement and brand loyalty [47]. - The automotive division is expected to leverage Xiaomi's existing brand reputation and global sales network, facilitating its entry into international markets by 2027 [44][46]. 5. Ecosystem Integration - The integration of automotive products into Xiaomi's existing ecosystem is seen as a unique advantage, allowing seamless connectivity between devices and vehicles. This "people, car, and home" ecosystem is anticipated to enhance user experience and drive sales across all product lines [6][22].