以下文章来源于红色星际 ，作者红色星际科技 红色星际 . 让更多人，更深入地了解自动驾驶行业！ 作者 | 红色星际科技 来源 | 红色星际 原文链接： 某新势力智驾一号位的last day 点击下方 卡片 ，关注" 自动驾驶之心 "公众号 戳我-> 领取 自动驾驶近30个 方向 学习 路线 >>自动驾驶前沿信息获取 → 自动驾驶之心知识星球 本文只做学术分享，如有侵权，联系删文 最近的智驾系统OTA事故成了某新势力智驾一号位离职的催化剂。 所以，最近这次OTA事故发生之后，一个重要的问题就是谁来担责？ 智驾一号位今年在内部的处境本来就不好，势头被空降的世界模型负责人逐渐超过。核心算法像VLA、世界模型的研发都在世界模型负责人手里，而 且绕开了智驾一号位直接向该新势力BOSS汇报。 这次OTA事故成了最后一根稻草。就在昨天该新势力内部召开的高管会议上，智驾一号位并没有参会，last day成了事实。 在智驾一号位上的换帅，一方面说明该新势力BOSS生杀果断；另一方面也说明在智驾竞争上该新势力需要迫在眉睫的改变。 几年前该新势力在智驾上还是和华为"二人转"，领先于业界。而这几年势头不在，属于即没有再领先也没有掉队 ...

合作网落地 轻资产入欧 考虑到整车出口到欧洲的高成本和合规性风险，本土化生产已成为中国新能源车的必然选择。不过，并 非每家车企都选择在在欧洲自建工厂，最新披露的两起欧洲投产计划都是"借腹生子"的轻资产模式。 其中，零跑借助金主兼合资伙伴斯特兰蒂斯（Stellantis）集团的西班牙工厂进行生产，计划2026年就开 始投产零跑电动车型。小鹏则与欧洲零部件巨头麦格纳合作，利用其奥地利工厂生产小鹏电动车，今年 就将投产G6和G9。有消息称，广汽也正在寻求由麦格纳代工的可能性。 在本土化生产的支持下，小鹏汽车将同时进入欧洲五国，除了将在10月进入的奥地利市场，还将通过与 Hedin集团的合作，进入瑞士。同时，小鹏还将进入匈牙利、斯洛文尼亚和克罗地亚三国，计划通过与 AutoWallis集团和Salvador Caetano集团成立的合资公司来运营。 值得一提的是，小鹏选择的这些合作对象并非首次接触中国品牌，其中，瑞典经销商集团Hedin自2022 年起就与比亚迪合作，在瑞典、德国进行销售。去年8月，Hedin还将其德国子公司出售给比亚迪，包括 多家门店。而AutoWallis和Salvador Caetano也都是深 ...

Core Insights - Geely Holding Group's chairman Li Shufu expressed high expectations for Qianli Technology and its chairman Yin Qi during the company's first press conference after rebranding to "AFARI" [1][12] - Qianli Technology unveiled its three major business segments: Qianli Smart Driving, Qianli Smart Cabin, and Qianli Smart Mobility, outlining a clear path for the integration of AI and automotive technology [3][4] Business Segments - Qianli Technology aims to achieve a "containing modulus" of 70%-80% in its smart driving systems by the end of 2025, significantly higher than the current industry average of 40%-50% [3][4] - The company plans to reduce reliance on traditional rules and high-precision maps by adopting an "end-to-end model architecture" [4] - Qianli's smart driving product roadmap includes a 1.0 version already launched, a 2.0 version (L3 level) planned for late 2025, and a 3.0 version (L4 level) targeting Robotaxi scenarios expected in 2026 [4][6] Technology and Innovation - The smart cabin operating system "Agent OS" was introduced, featuring advanced functionalities such as "supernatural interaction" and "integrated memory" [5] - Qianli Technology has set an "18-month plan" to establish a comprehensive Robotaxi service, aiming to become the first in China with OEM-level support and dedicated hardware customization capabilities [6][12] Strategic Partnerships - The "Qianli Plan" aims to create a unified AI brain and operating system, leveraging partnerships with Geely and other companies to enhance technological capabilities [8][12] - Mercedes-Benz acquired a 3% stake in Qianli Technology for approximately 1.339 billion yuan, signaling confidence in the company's technological strength and paving the way for collaboration in smart driving and cabin technologies [12][13] Financial Performance - Qianli Technology reported a revenue of 4.184 billion yuan for the first half of 2025, a year-on-year increase of 40.04%, with a net profit of 31.17 million yuan, up 19% [14]

业务层面，"AI+车"是核心。据印奇介绍，在不到一年的时间内，千里科技已完成在智能驾驶、智能座 舱和智能出行领域的全面业务布局：智能驾驶领域，智驾系统正进入由AI大模型驱动的发展阶段，千 里科技称"正基于先进的AI技术，重新定义智能辅助驾驶的行业标杆"；智能座舱领域，千里科技打造的 新一代智能座舱Agent OS，实现了超自然交互、融合记忆、全融合地图和第三生活空间等功能；智能出 行领域，千里科技已制定相应计划，目标在未来18个月完成Robotaxi全链路产业布局。 本报（chinatimes.net.cn）记者石飞月 重庆报道 "今年我们很有信心突破百亿产值，但是明年可能是更关键的一年，我们将把AI相关的创新业务真正做 出规模，做出领先性，目前才刚刚开始。"9月28日，千里科技董事长印奇对包括《华夏时报》记者在内 的媒体表示。 自印奇去年入股千里科技并担任董事长后，千里科技便开启了AI+战略转型，截至目前，该公司已完成 在智能驾驶、智能座舱和智能出行领域的全面业务布局。不过，由于转型时间不足一年，千里科技绝大 部分收入仍来自制造业，新业务营收贡献有待提升。 从车企到科技公司 这家30多年的老牌企业，已经甩掉 ...

Core Insights - The meeting between Dongfeng Motor's chairman Yang Qing and Huawei's executives focused on strengthening strategic trust, deepening cooperation, and innovating corporate governance and operational mechanisms [1] - Yang Qing emphasized Dongfeng's commitment to advancing in new energy and intelligent transformation, while Huawei's Ren Zhengfei highlighted the importance of safety in the automotive industry [1][3] - The automotive sector is experiencing intense competition, with various brands adopting different strategies, but safety remains a critical concern [3] Group 1: Strategic Cooperation - The increasing visits of automotive executives to meet Ren Zhengfei indicate a shift in attitude towards collaboration with Huawei, which was initially met with skepticism [5] - Companies like Xpeng, Changan, and SAIC have recognized the benefits of partnering with Huawei, especially after the success of the AITO brand in collaboration with Seres [5] - Huawei's leading position in intelligent driving technology has prompted automotive companies to seek deeper cooperation in the smart electric vehicle sector [7] Group 2: Industry Transformation - The automotive industry is undergoing significant changes, with a shift from traditional fuel-driven engines to battery-powered and data-driven AI systems [7] - Huawei's technological advantages in communication, operating systems, and computing power position it as a key player in the transformation of the automotive industry [7] - The collaboration with Huawei is seen as a strategic move for automotive companies to enhance their capabilities in the face of rapid industry evolution [9] Group 3: Huawei's Role - Huawei's strategy of not manufacturing cars but empowering automotive companies has garnered recognition and support from industry leaders [9] - The company's substantial annual R&D investment, estimated at 100 to 200 billion yuan, creates a significant competitive barrier in the market [9] - As the automotive industry embraces intelligent connectivity, Huawei's role as a supplier of incremental components for smart connected vehicles is becoming increasingly vital [9]

Core Insights - Mercedes-Benz is advancing its strategy in China by launching a new intelligent driving assistance system in collaboration with local company Momenta, which will debut in the new all-electric CLA model [1][3] - The company is also enhancing its capital structure by acquiring a 3% stake in Qianli Technology for approximately 1.339 billion yuan, aiming to strengthen its smart technology ecosystem [1][6] Group 1: Intelligent Driving System - The new intelligent driving assistance system is based on a flywheel large model and features an end-to-end technology architecture, integrating perception, decision-making, and control, with a response time of just 100 milliseconds [3] - The system has been trained using 100% local data to adapt to China's complex traffic conditions, including scenarios like mixed traffic with non-motor vehicles and construction zones [3] - Extensive testing has been conducted across high-traffic routes and through simulation platforms, covering extreme weather conditions and unexpected road situations [3] Group 2: New Electric Vehicle Launch - The all-new all-electric CLA, built on the Mercedes-Benz MMA platform, is priced between 259,000 and 299,000 yuan, targeting the high-end electric sedan market [3][4] - The vehicle features an 800V high-voltage architecture, supporting 320kW fast charging, which can add 370 km of range in just 10 minutes, and has a CLTC range of 866 km with a consumption of only 10.9 kWh per 100 km [4] - The CLA includes advanced smart features, such as the jointly developed intelligent driving system and the proprietary MB.OS operating system, which enhances the vehicle's interactive capabilities [4] Group 3: Capital Investment and Strategic Partnerships - Mercedes-Benz's digital technology subsidiary acquired 1.36 million shares of Qianli Technology at a price of 9.87 yuan per share, with the total transaction amounting to approximately 1.339 billion yuan [6] - Qianli Technology, a subsidiary of Geely, focuses on intelligent driving solutions and plans to launch L3-level solutions within six months and L4-level Robotaxi technology by 2026 [7] - The investment is part of Mercedes-Benz's broader strategy to establish a significant digital research and development center in China, covering AI applications, autonomous driving, and automotive component development [6] Group 4: Market Positioning - The new electric CLA has commenced production at the Beijing Yizhuang factory and is set to launch later this year, enhancing Mercedes-Benz's competitive edge in the smart electric vehicle market in China [8]

华龙证券近日发布汽车行业2025年半年报综述：2025年初至8月，申万汽车板块涨跌幅 +22.10%，跑赢沪深300指数7.83pct。商用车及汽车零部件板块取得超额收益。其中商用车 主要系客车以及重卡销量同比表现转好，带动板块估值修复；基于汽车与人形机器人零部件 的相似性和协同性，汽车零部件板块多家公司布局人形机器人业务，板块走势受到人形机器 人产业进展影响。 以下为研究报告摘要： 摘要： 业绩分化明显，关注强势客户&赛道。行业方面，2025Q2汽车零部件板块实现营收 3572.9亿元，同比+7.6%；2025Q2汽车零部件板块实现扣非归母净利润198.4亿元，同比 +7.2%，增速略低于营收端，主要系毛利率受年降影响以及研发费用率在终端新品开发节奏 加快的影响下维持高位。个股方面，价格战&年降影响下业绩压力较大，优势赛道&高增长 客户成为盈利能力提升关键。我们重点关注的汽零公司2025Q2多数实现业绩同比增长，我 们认为主要原因有四：一是部分汽零公司布局优势赛道，如智驾域控龙头德赛西威；二是在 下游高增长客户拉动下规模效应释放，如配套小米汽车等整车厂的无锡振华；三是汽车零部 件公司提升效率，如均胜电子、银 ...

Core Viewpoint - Chery Automobile Co. Ltd is launching an IPO in Hong Kong aiming to raise over $1 billion, potentially becoming the largest automotive IPO of the year [2] Group 1: IPO Details - The company plans to issue approximately 297 million shares, with a price range of HKD 27.75 to HKD 30.75 per share [2] - If priced at the upper limit, the total fundraising amount could reach HKD 91.4 billion (approximately $11.8 billion) [2] Group 2: Financial Performance - Chery has been the largest exporter of Chinese self-owned passenger car brands since 2003 [2] - In 2024, the company's revenue is projected to reach CNY 269 billion (approximately $37.8 billion), representing a 65.4% increase year-on-year [2] - Net profit for the same period is expected to grow by 37.2% to CNY 14.3 billion [2] - For Q1 2025, revenue is anticipated to rise from CNY 54.9 billion to CNY 68.2 billion, marking a 24% increase [2] - Sales revenue from new energy vehicles (NEVs) is a key growth driver, surging nearly fourfold to CNY 18.7 billion, accounting for over 25% of total revenue [2] Group 3: Strategic Initiatives - The company is accelerating the deployment of its intelligent driving system across its entire brand line, offering multi-level autonomous driving capabilities [2] - A portion of the funds raised from the IPO will be allocated to expanding the NEV product portfolio, upgrading the new energy power systems, and enhancing the NEV platform architecture [2] - Significant investment will also be directed towards large-scale R&D to strengthen core technological capabilities [2]

以下文章来源于牲产队 ，作者牲产队长 牲产队 . 买小众车， 要谨慎一些，不能贪便宜。 文 ｜ 牲产队长 来源｜ 牲产队（ID：gh_9adbf3261554） 封面来源 ｜ IC photo 挣工分，磨洋工，舒服一会儿是一会儿 哪吒汽车破产重整 100 多天了，好消息没有一个，坏消息真的是一个接一个。今天的电动汽车，已经不像传统燃油车了。如果一 家传统燃油车倒闭了，你车坏了，还可以找第三方维修。 但是，一家电动汽车厂家倒闭了，很多东西就没法修了。甚至，作为真金白银支持这个品牌的车主，还得付出额外的成本。今 天，队长就跟大家盘点一下，哪吒汽车倒闭后，它留下了哪些天坑？ 第一个，车主权益受损。买一辆电动汽车，它不是一个 " 一次性 " 的产品，而是一个长期性的耐用品。这个 " 长期性 " 体现在哪 里呢？核心就在于：智能化技术的迭代更新。电动汽车和燃油车最大的不同，不是烧油和烧电的区别，而是机械化与智能化的区 别。 严格来说，电动汽车不是一辆车，更不是一辆代步工具那么简单。它是一个智能载体，是全球普及量最大的智能机器人。在当今 世界，你几乎找不到比汽车智能化，普及化程度更高的产品了。在人机交互体验上，电动汽车也 ...

2025 年 9 月 11 日 星期四 每日大市点评 9 月 10 日，港股大盘继续在权重蓝筹股带动下造好，恒生指数上升 262 点或 1.01%，收报 26,200 点，企稳 26,000 点关 口。恒生科指上升 1.3%，收报 5,902 点。大市成交金额达到 2,882 多亿港元，港股通净流入 75.67 亿港元。盘面上，内 银、保险、电讯、互联网、地产、交运、部分消费电子、半导体板块明显造好。腾讯(700 HK)及阿里(9988 HK)分别升 1.0%及 0.6%，再创今年新高。股价前期表现偏弱的京东(9618 HK)及美团(3690 HK)也分别反弹 3.6%及 2.1%。万国数据 (9698 HK)、金山云(3896 HK)等 AI 概念股升超过 6.0%。四大内银升 1.9%至 3.5%不等，当中以农行(1288 HK)近期股价表 现领先。另外，权重的国际金融股如友邦(1299 HK)及汇控(5 HK)也升 1.6%及 2.0%。汽车、生物医药、机器人、品牌消费 股则有明显回吐。 宏观动态： 中国 8 月 CPI 及 PPI 数据反映内需修复动能仍然偏弱，但"反内卷"政策初步显效。8 月 CPI ...