人民网曼谷10月10日电 （记者白元琪）10日上午，"中泰建交50周年友谊之旅"车队在曼谷市政厅广场 举行发车仪式，开启跨越中泰老三国、全程超5000公里旅程。本次活动由泰中友好协会主办，旨在通过民 间交流促进文化互鉴，深化旅游合作与民心相通。中国驻泰国大使馆公使吴志武、泰中友好协会会长功·塔 帕朗西、泰国旅游局局长塔帕妮、比亚迪泰国总经理柯育滨等出席仪式。 吴志武公使致辞。人民网 普拉维摄 吴志武在致辞中表示，从湄南河畔到长城脚下，这不仅是一场跨国友谊之旅，更是一条联结中泰两国 人民心灵的道路，承载着双方人民的共同愿望，象征中泰友谊行稳致远。祝愿车队一路传播友谊，中泰友 谊万古长青。 游客挥舞中泰国旗。人民网 普拉维摄 友谊车队将从曼谷出发，经泰国彭世洛府、磨憨—磨丁中老边境口岸进入中国，途经西双版纳、昆 明、贵阳、张家界、西安和平遥等地，最终抵达北京，全程16天。 上午8时15分许，伴随启程喇叭声，15辆比亚迪新能源汽车依次缓缓穿过拱形气球门，现场工作人员 向参与者递上纪念礼品，车上游客挥舞中泰国旗，气氛热烈。车队随后经过大皇宫、唐人街等曼谷地标， 并在沿途合影留念。 车队穿过拱形气球门。人民网 普拉维摄 ...

近日，美国《时代》杂志（TIME）公布了备受瞩目的2025年度最佳发明榜单，苹果、华为、比亚迪、 DeepSeek、雷鸟创新等多家全球科技企业的突破性产品上榜。 此前在IFA 2025上，这款产品就斩获IFA Innovation Award，此次再获《时代》认可，进一步印证其"全 球顶级AR产品"的市场地位。 值得关注的是，雷鸟创新在2025年第二季度全球AR眼镜市场的份额为39%，这是该品牌首次登顶全球 第一，雷鸟创新也将以此次入选《时代》2025最佳发明为契机，让"中国AR"走进更多人的生活。 《时代》杂志作为全球权威媒体，此次雷鸟RayNeo X3 Pro入选榜单，正是对其技术突破性与行业引领 性的认可。 作为全球首款量产的全彩刻蚀光波导AR眼镜，RayNeo X3 Pro搭载全球体积最小可量产的全彩Micro- LED光引擎，以及全球首个光刻刻蚀光波导RayNeo光波导，在3D空间显示、屏幕亮度、色彩还原度上 实现行业领跑。不仅如此，RayNeo X3 Pro还创新引入可视化Live AI交互功能，并搭载行业首个AR眼镜 安卓应用容器"RayNeo AR虚拟机"，真正实现从"大屏工具"到"个人智能终 ...

Group 1: CPOP and Cultural Export - The rise of CPOP represents a shift from "product export" to "brand export," encompassing various fields of Chinese pop culture, including technology, toys, games, film, and literature [1] - The "Chinese style" is gaining global traction, showcasing cultural depth and trendiness [1] Group 2: Success of "Labubu" Toy - The "Labubu" toy has become a global sensation, with significant sales spikes in various regions: Asia-Pacific revenue reached 2.85 billion yuan, up 257.8%; Americas revenue was 2.26 billion yuan, up 1142.3%; and Europe and other regions saw 480 million yuan, up 729.2% [2] - The brand has opened physical stores in over 20 countries and regions, including notable locations like the Louvre in France and Oxford Street in the UK [2] Group 3: Cultural Fusion Strategy - Unlike many Chinese brands focusing solely on cultural output, the company employs a "cultural fusion" strategy by collaborating with over 200 artists worldwide to bridge cultural gaps [3] - The popularity of "Labubu" reflects the rise of the "emotional economy," where its unique image serves as an outlet for young people to relieve stress and engage in creative expression [3] Group 4: "Black Myth: Wukong" Game Launch - The game "Black Myth: Wukong," based on "Journey to the West," generated significant global interest upon its release on August 20, 2024, selling over 10 million copies within three days [4][5] - The game has sparked foreign players' curiosity to explore Chinese culture, leading to increased interest in various adaptations of "Journey to the West" [5] Group 5: Recognition and Awards - "Black Myth: Wukong" received multiple nominations at the 2024 Game Awards, winning "Best Action Game" and "Player's Voice," highlighting its impact on the gaming industry [6] - The success of both "Labubu" and "Black Myth: Wukong" is seen as a testament to China's growing soft power, with the country rising to second place in the global soft power index [6] Group 6: Technological Advancements - Chinese brands are transitioning from "technology followers" to "innovation leaders," exemplified by the strong market performance of the Insta360 X5 camera, which topped sales charts in multiple countries [7] - In 2024, China exported 5.859 million vehicles, maintaining the top position globally, with electric vehicle exports, particularly by BYD, showing remarkable growth [7][8] Group 7: Global Recognition of Chinese Brands - The performance of brands like "Labubu," "Black Myth: Wukong," Insta360, and BYD illustrates the emergence of a new "Chinese style" that is gaining global recognition [9]

据媒体报道，巴菲特旗下伯克希尔·哈撒韦公司已清仓所持全部的比亚迪的股份。对于这一消息，伯克希尔发言人证实，确实比亚迪股份已全部售出。 9月22日，比亚迪公关处总经理李云飞发文回应此事，其表示股票投资，有买就有卖，这是很正常的事情。与此同时，李云飞指出2022年8月，伯克希尔开 始陆续减持其于2008年购买的公司股票，去年6月其持股就已在5%以下了。感谢芒格和巴菲特对比亚迪的认可，也感谢过去17年的投资、帮助和陪伴，为 所有的长期主义点赞。" 资料显示：巴菲特在2008年9月建仓了比亚迪。彼时巴菲特旗下伯克希尔·哈撒韦公司以每股8港元的价格，斥资约18亿港元买入比亚迪股份2.25亿股。买入 比亚迪股份后，大约14年时间内，一直重仓着比亚迪，所持股份额一直都未发生变动。直到2022年8月开始，陆续减持比亚迪股份。8月30日，据港交所网 站信息披露，巴菲特旗下的伯克希尔哈撒韦公司在8月24日出售了133万股比亚迪H股，均价为277.1016港元，套现3.69亿港元。此次出售133万股比亚迪H 股后，还持有2.18亿股比亚迪H股。彼时，对于巴菲特旗下的伯克希尔哈撒韦公司的减持举动，比亚迪方面回应，巴菲特出售股票不用过 ...

Group 1 - The Federal Reserve's decision to lower the benchmark interest rate by 25 basis points to 4.00%-4.25% is a proactive response to signals of economic cooling in the U.S. [3] - The U.S. economy's growth forecast for 2025 has been revised down from 1.9% to 1.4%, with an expected unemployment rate increase to 4.5% by year-end and a slight rise in inflation to 3.1% [3] - The current economic environment is characterized by a combination of "slowing growth + moderate inflation," prompting the Fed to act to prevent a recession [3] Group 2 - Following the interest rate cut, global financial markets reacted swiftly, with major U.S. stock indices reaching new closing highs, particularly the Nasdaq Composite Index, which rose by 0.94% [4] - The Asian markets showed increased attractiveness amid expectations of a weaker dollar, with the Hang Seng Tech Index rising by 0.91% and the KOSPI Index up by 0.35% [4] - The People's Bank of China is maintaining liquidity through significant reverse repo operations, creating a policy coordination effect in the global easing cycle [4] Group 3 - The Chinese market is poised to benefit from the current global liquidity restructuring, particularly in the technology sector, where reduced financing costs will boost R&D investments [5] - In the automotive sector, the sales of new energy vehicles (NEVs) are showing positive trends, with BYD selling 62,400 units in the ninth week of September, driven by lower borrowing costs [5] - The green economy is also expected to gain momentum, as the Fed's rate cut lowers financing costs for global green projects, aligning with China's technological advantages in renewable energy and storage [5] Group 4 - The interest rate cut cycle necessitates a recalibration of asset allocation for ordinary investors, with traditional savings products likely to yield lower returns while equity assets, especially in technology and renewable energy, become more attractive [6] - Consumers can take advantage of the declining credit costs, particularly in large purchases like NEVs and smart home products, benefiting from favorable financing conditions [6] - The ongoing global monetary policy adjustments highlight the importance of recognizing opportunities presented by liquidity easing while maintaining rational judgment [6]

Group 1 - The conference emphasized the new paradigm of global brand development, highlighting the importance of brands as carriers of economic globalization and drivers of service trade [1] - Chinese brands have shown significant progress in recent years, becoming a vital link between domestic and international markets, driven by innovation and open cooperation [1][2] - The number and value of Chinese brands in the global top 500 continue to grow, with a leading position in patent and trademark applications, indicating a shift from "Made in China" to "Created in China" [2] Group 2 - High-quality development is centered on innovation and digitalization, with brand strength and influence as key indicators [3] - Companies are encouraged to adopt a "look before you leap" approach when entering international markets, considering local political, economic, and cultural factors [3] - The strategy for brands going global should focus on differentiation, digitalization, and localization, with examples of successful brand positioning and storytelling [3]

Group 1: Industry Overview - In the first week of September, Leap Motor achieved over 10,000 vehicle sales, ranking among the top in the new energy vehicle sector, and became the second new energy vehicle company to report half-year profitability [1][2] - The Chinese automotive industry is entering a virtuous cycle, with production and sales expected to reach 15.62 million and 15.65 million units respectively in the first half of 2025, marking year-on-year growth of 12.5% and 11.4% [2] - New energy vehicles accounted for 44.3% of total new car sales in China, with production and sales reaching 6.968 million and 6.937 million units respectively, reflecting year-on-year growth of 41.4% and 40.3% [2] Group 2: Company Performance - BYD maintained its position as the global leader in new energy vehicle sales, achieving revenue of 371.28 billion yuan and a net profit of 15.51 billion yuan in the first half of the year, representing year-on-year growth of 23.3% and 13.79% respectively [2] - Leap Motor reported a net profit of 30 million yuan in the first half of the year, with a gross margin of 14.1%, the highest since its establishment, supported by a total delivery of 221,700 vehicles [2] - NIO launched multiple new models in the third quarter, with July and August deliveries of 21,017 and 31,305 vehicles respectively, aiming for a gross margin of 20% and positive operating cash flow by the end of the year [3] Group 3: Mergers and Acquisitions - The automotive industry is experiencing accelerated mergers and acquisitions, with the establishment of China Changan Automobile Group, which integrates 117 subsidiaries and aims to enhance competitiveness in the global value chain [4] - Geely announced a merger with Zeekr, with plans for Zeekr to delist from the NYSE, focusing on enhancing Geely's global competitiveness in the smart new energy vehicle sector [5] - Lantu Motors, a subsidiary of Dongfeng Group, is set to go public in Hong Kong, allowing the group to concentrate on developing its new energy vehicle business and improve resource utilization [5]

Company Developments - China Telecom and Alibaba have reached a strategic cooperation agreement to jointly serve Chinese enterprises going global, focusing on cloud and AI infrastructure, e-commerce services, and social value innovation [2] - Bawang Tea has officially entered the Philippine market with three stores opening in the Manila metropolitan area, selling over 23,000 cups in the first three days, marking its seventh international market [2] - KUKA Home plans to invest approximately 1.12 billion yuan to build a self-owned base in Indonesia, expecting an annual revenue of about 2.52 billion yuan upon completion [3] - Stone Technology has achieved the number one global market share in both cleaning robots and vacuum robots for the first half of 2025, with shares of 15.2% and 20.7% respectively [3] - Alibaba's AliExpress is preparing a high-profile brand export project, inviting top global brands to participate, with aggressive growth targets set [3] - Gaode Map has launched ride-hailing services in Canada, New Zealand, Switzerland, and the UAE, expanding its international presence [4] - Xiaomi aims to make 2025 the year for the international expansion of its home appliances and new retail, with plans for automotive exports by 2027 [4] - JD Industrial has signed agreements with two Brazilian companies to enhance the digital supply chain services in the region [5] - BYD has reported that seven out of eight roll-on/roll-off ships are now operational, with significant sales in multiple countries [5] - Proton, supported by Geely, has launched its first electric vehicle factory in Malaysia, with an investment of approximately 138 million yuan [5] Investment and Financing - UBTECH has secured a strategic financing credit line of $1 billion to establish a super factory in the Middle East [6] - Laimu Technology has completed several rounds of financing exceeding 100 million yuan, focusing on the European and American markets for smart lawn mowers [6] - Ruijian Pharmaceutical has raised over 300 million yuan in B-round financing, with plans to accelerate clinical development of Parkinson's treatment products [7] - Ronovo Surgical has completed a D-round financing of $67 million, aiming to expand its modular surgical robot platform globally [7] - Sierra Medical has raised over 100 million yuan to accelerate the development of its ophthalmic products and expand its market presence [8]

Group 1: Foreign Trade and Investment - Shenzhen's foreign trade shows resilience, with companies increasingly expanding overseas and the consumption market gaining vitality [1][3] - The city has established a comprehensive support policy for overseas exhibitions, organizing nearly 5,500 enterprises to participate in 126 international trade shows in the first half of the year [4] - Foreign investment in Shenzhen has surged, with over 6,800 new foreign-invested enterprises established from January to July, marking a year-on-year increase of over 70% [6][7] Group 2: High-Tech Products and Export Growth - Shenzhen's foreign trade structure is shifting towards high-tech and information technology products, with high-tech products accounting for over 40% of the city's total exports, showing an 8% growth in the first half of 2025 [3] - The city is home to successful high-tech products like the Thunder Air 3s AR glasses, which have captured significant market share in over 25 countries [2] Group 3: Consumer Market Development - Shenzhen has entered the "trillion-dollar club" for consumer spending, with retail sales reaching 4,948.68 billion yuan in the first half of the year, a 3.5% increase year-on-year [10][9] - The city has launched its first city-wide duty-free store, enhancing its international consumer appeal and integrating various tax models [9] Group 4: Service Industry Expansion - The service industry in Shenzhen is experiencing significant growth, with 113 new foreign-invested medical enterprises established in the first half of the year, a rise of 85.2% [7] - The city is actively promoting a favorable business environment to attract foreign investment, implementing policies to enhance service quality for foreign enterprises [8] Group 5: New Consumption Trends - Shenzhen is fostering new consumption trends through various promotional activities, including the "Shenzhen Shopping Season," which has become a major annual event [12] - The city is also developing a vibrant live-streaming e-commerce sector, with over 2,000 merchants in the jewelry live-streaming cluster [11]

Investment Rating - The report maintains a "Recommended" rating for the company [6]. Core Views - The company experienced a month-on-month increase in wholesale sales, with August's new energy vehicle wholesale sales reaching 374,000 units, a year-on-year increase of 0.1% and a month-on-month increase of 8.5% [1]. - The company is steadily advancing its overseas expansion, with new energy vehicle export sales in August reaching 81,000 units, a year-on-year increase of 156.9% and a month-on-month increase of 0.1% [2]. - The company is focusing on high-end product development, with expectations for significant revenue growth from 2025 to 2027, projecting revenues of 990.81 billion, 1,188.97 billion, and 1,397.04 billion yuan respectively [3]. Summary by Sections Sales Performance - In August, the company sold 372,000 new energy passenger vehicles, with a year-on-year increase of 0.2% and a month-on-month increase of 8.9%. Cumulatively, from January to August, the total wholesale of new energy passenger vehicles reached 2.826 million units, a year-on-year increase of 21.9% [1]. - The sales of plug-in hybrid vehicles in August were 172,000 units, a year-on-year decrease of 22.7% but a month-on-month increase of 5.4%. Pure electric vehicle sales were 200,000 units, a year-on-year increase of 34.4% and a month-on-month increase of 12.2% [1]. Overseas Expansion - The company is accelerating its overseas factory establishment, with significant growth in overseas demand, particularly in Turkey, Brazil, and Europe. The cumulative export from January to August reached 626,000 units, a year-on-year increase of 136.3% [2]. - The company plans to enhance its overseas market investments, including the establishment of a passenger car factory in Brazil and further expansions in Uzbekistan, Hungary, Turkey, and Indonesia [2]. Financial Projections - The company forecasts revenues of 990.81 billion yuan for 2025, 1,188.97 billion yuan for 2026, and 1,397.04 billion yuan for 2027, with corresponding net profits of 45.40 billion, 60.35 billion, and 70.42 billion yuan respectively [3][5]. - The earnings per share (EPS) are projected to be 4.98 yuan in 2025, 6.62 yuan in 2026, and 7.72 yuan in 2027, with price-to-earnings (PE) ratios of 22, 17, and 14 respectively [3][5].