Group 1 - The core achievements announced by XPeng Motors during the 2025 XPeng Technology Day include the introduction of a new self-developed humanoid robot system called IRON, three fully self-developed Robotaxi models starting trial operations in collaboration with Gaode, the release of the second-generation VLA large model achieving end-to-end generation from visual signals to action commands, and the launch of two flight systems to accelerate the commercialization of low-altitude travel [1] - The current automotive industry is undergoing a transition between old and new growth drivers, and the concentrated releases during XPeng Technology Day not only strengthen its leading image in the intelligent sector but also significantly boost market confidence in the new growth area of the automotive industry—intelligentization [1] - In the short term, these developments are expected to enhance market sentiment in the sector, while in the medium to long term, the iterative upgrades of the underlying models for intelligent driving and the acceleration of Robotaxi commercialization may lead to a new growth valuation cycle for the industry [1] Group 2 - The Hong Kong Automotive ETF (520720) tracks the Hong Kong Stock Connect Automotive Index (931239), which selects listed companies involved in vehicle manufacturing, components, and emerging fields like intelligent driving, reflecting the overall performance of the automotive industry-related securities [2] - This index features high R&D investment and growth characteristics, with the vehicle manufacturing sector accounting for over 60% of its weight, demonstrating strong market elasticity and international characteristics [2] - The Hong Kong Automotive ETF (520720) can be traded directly through A-share accounts without the need for a Hong Kong Stock Connect account, addressing the pain point of ordinary investors lacking investment tools [2]

在主题为"涌现Emergence"的2025小鹏科技日上，小鹏汽车勾勒出物理AI在未来出行的清晰图景，并且围绕物理AI发布了第二代VLA、Robotaxi、全新一 代人形机器人IRON，以及小鹏汇天飞行体系四项重要应用。 一场席卷全球的物理AI竞赛已全面打响，从硅谷到中国，科技巨头们正以千亿级投入争夺下一个技术时代的话语权。 物理AI落地三大关键环节 没人知道人工智能的终局是什么，但科技巨头都在疯狂下注。 2025年秋，"物理AI"走到人工智能舞台中央，成为全球科技企业竞相角逐的焦点。 当英伟达站在5万亿美元市值的门口，物理AI成为了那块敲门砖。在今年GTC大会上，黄仁勋系统阐述了物理AI技术战略，同时公布量子计算、6G网络等 前沿领域的重大布局。 2020年，瑞士联邦材料科学与技术实验室Aslan Miriyev与伦敦帝国理工学院Mirko Kovac在《Nature Machine Intelligence》首次提出"物理AI"概念，强调机 体、控制、感知等要素的协同演进。 2024年，英伟达首席执行官黄仁勋将其视为AI发展的核心方向，提出通过感知、推理和行动链实现物理交互能力。 物理AI将人工智能从"数 ...