近日，蔚来为ET9与全新ES8推送Cedar雪松1.3.5版本更新，主要覆盖智能座舱、NOMI和驾乘体验，带来智能 座舱、NOMI、驾乘体验三大板块体验升级。 蔚来车载助手NOMI新增支持四款AI帽子，包含糯尔摩斯、饶蛇、领航车手、冠军车手四顶帽子，每一顶 NOMIAI帽子都有一段NOMI的特别经历。戴上帽子后，通过智能芯片，NOMI就能解锁有趣的专属登场秀、 应答语、趣味表情和特别技能。 蔚来还优化了iPhone数字钥匙。开通UWB数字钥匙的iPhone在电量耗尽自然关机后的数小时内，无感解闭锁 和启动功能仍可使用，无需再刷NFC，也可解锁开车。 新增迎宾提示音开关，支持迎宾音效的开启与关闭。新功能新增用户选择权，可通过车机设置自由开闭默认 开启的迎宾音效，此功能默认开启。 驾乘体验方面，针对ET9新增天行全主动悬架弹跳脱困。激活功能后在15km/h以下，天行全主动悬架会利用 自身快速调节车身高度的能力，通过车身的上下动作改变车轮抓地力，同时配合动力输出的协同控制，辅助 车辆在沙地、泥地等场景下"挣脱"困境，顺利驶离。此外，新增"后排防晕车模式"，开启后屏幕边缘会显示 随车辆姿态变化的圆点动效，通过降低感知 ...

这次升级里，"天行全主动悬架弹跳脱困"专为ET9车型量身打造：在15km/h以下，悬架可快速调节车身 高度优化抓地力，配合动力协同控制，能帮车辆从沙地、泥地等复杂路况中脱身。 此外，还新增"后排防晕车模式"，开启后屏幕边缘会显示随车辆姿态变化的圆点动效，通过降低感知冲 突来缓解眩晕感。 凤凰网科技讯 11月21日，蔚来"Cedar 雪松1.3.5"版本向用户推送更新，此次更新为ET9、全新ES8带来 智能座舱、NOMI、驾乘体验，三大板块体验升级。 其中，"巡航红绿灯显示"让非导航状态下的地图界面，也能显示邻近路口的红绿灯状态和倒计时，不用 紧盯路口就能预判通行节奏。 NOMI也有了新玩法：支持四款AI帽子，戴上后刷智能芯片就能解锁专属登场秀、应答语和趣味表情， 这些帽子已在NIO Life上线。 ...

Core Viewpoint - NIO officially announced the launch of the full version "Cedar 1.3.0," which will provide over 50 experience upgrades for the ET9 model, focusing on smart cockpit, NOMI, driving experience, and intelligent assisted driving [1] Group 1: Product Features - The new version includes smart home connectivity, integrating with brands such as Midea, COLMO, Hualing, and Little Swan, covering six categories of home appliances [1] - New functionalities include "location-based automatic/one-click home departure mode" and "intelligent recommendation for suitable home appliance activation" [1]

Core Insights - Tesla remains a leading player in the electric vehicle (EV) market with a market cap of approximately $1.4 trillion, but faces increasing competition and challenges that threaten its dominance [1] - NIO, often referred to as the "Tesla of China," has a market cap of around $15 billion and is focusing on expanding its presence in the Chinese EV market, which is the largest globally [2] NIO's Position - NIO has a diverse lineup of vehicles, including sedans and SUVs, and has seen a 25.6% increase in deliveries to 72,056 units in the last quarter, with guidance for 87,000–91,000 deliveries in Q3, representing a year-over-year increase of 41-47% [3][4] - The company is targeting 50,000 units each for its NIO, ONVO, and Firefly brands in Q4, with margins expected to improve due to new models designed for around 20% gross margin [4][5] - NIO has established a battery swap network with over 3,500 stations globally, completing over 84 million swaps, which enhances customer interest in its vehicles [5] - Recently, NIO raised $1.16 billion through an equity offering to support R&D and infrastructure expansion, despite concerns about dilution [6] Tesla's Challenges - Tesla has experienced its first annual delivery decline in 2024, with further declines of 13% in both the first and second quarters of 2025, attributed to a dated vehicle lineup and increased competition [7] - The second quarter of 2025 marked Tesla's sharpest revenue drop in over a decade, with margins under pressure and a shrinking regulatory credit stream impacting pricing power [8][10] - Despite these challenges, there is some optimism among investors due to recent developments, including a proposed $975 billion pay package for Musk and his $1 billion share purchase [9] Financial Estimates - The Zacks Consensus Estimate for Tesla's 2025 EPS indicates a 31% decline year-over-year, with a projected 49% increase in 2026, while NIO's estimates suggest a year-over-year improvement of 36% in 2025 and 72% in 2026 [14][16] - Year-to-date, NIO shares have increased over 70%, significantly outperforming Tesla's 5% growth [12] Conclusion - NIO is gaining momentum with a broader vehicle lineup, rising deliveries, and a competitive advantage in battery swapping, positioning it favorably in the Chinese EV market [16] - Tesla, on the other hand, is grappling with declining sales and increased competition, making its near-term outlook more challenging despite its ambitious long-term projects [17] - Current rankings suggest NIO is better positioned than Tesla, with a Zacks Rank of 3 (Hold) for NIO compared to 4 (Sell) for Tesla [18]

Group 1: Event Overview - The 2025 World Manufacturing Conference was held in Hefei, Anhui from September 20 to 23, focusing on the theme "Intelligent Manufacturing for a Better World" with representatives from over 40 countries and regions [1] - The conference featured four major events, six project matchmaking activities, and 23 specialized activities to discuss the future development paths of the manufacturing industry [1] Group 2: Intelligent Robotics - The newly established intelligent robotics exhibition showcased 40 companies and demonstrated various applications of robots in industrial and daily life scenarios [2] - Notable products included a humanoid robot named "Xiao Ling" that served drinks and an AI-powered self-service food vending machine that operates without human intervention [2][3] - The intelligent robotics industry in Anhui has seen significant growth, with the number of companies increasing from over 10 in 2013 to 520 today, and annual output value rising from less than 1 billion to 60 billion [3] Group 3: High-Tech Innovations - The conference featured the launch of 10 new technologies and products, including advancements in deep space exploration and aerospace [4] - A notable highlight was the "Lunar In-Situ Resource Additive Manufacturing System," which can melt lunar soil to create various shapes, providing critical support for future lunar research stations [4] - The ultra-lightweight reusable rocket thermal shield developed by Anhui DreamKex Aerospace Technology Co., Ltd. was designed for extreme high-temperature environments [5] Group 4: Automotive Industry Developments - The intelligent connected new energy vehicle exhibition gathered 31 key enterprises, showcasing advancements in electric vehicles and smart technologies [7] - Noteworthy models included Chery's first C-class luxury flagship and NIO's ET9, highlighting breakthroughs in high-end and intelligent vehicle manufacturing [7] - The exhibition also featured various battery technologies, including solid-state and sodium-ion batteries, aimed at enhancing the performance and safety of new energy vehicles [8] Group 5: Internationally Leading Products - Several innovative products gained attention, such as an interactive air imaging teleprompter and CR450 high-speed train wheels, showcasing China's advancements in technology [10][11] - The teleprompter utilizes medium-free air suspension imaging technology, while the high-speed train wheels represent a significant achievement in high-speed rail manufacturing [10][11] - The conference served as a platform for deep dialogue and cooperation between Chinese manufacturing and global industries, emphasizing China's technological strength and open industrial ecosystem [11]

Core Viewpoint - The report from CICC maintains a "outperform" rating for NIO-SW (09866) with unchanged profit forecasts for 2025/26 and target prices of HKD 68 / USD 8.8 [1] Group 1: Product and Pricing - The third-generation ES8 has increased dimensions compared to the current model, with a length increase of 181mm, width increase of 21mm, height increase of 50mm, and a wheelbase increase of 60mm [1] - The pricing for the ES8 is set at RMB 406,800 / 446,800, while the BaaS battery leasing option lowers the purchase threshold to RMB 298,800 / 338,800, reflecting a price reduction of RMB 10,000 compared to the pre-sale price and lower than the previous model [1] Group 2: Technological Innovation - The ET9 model showcases the company's technological innovation capabilities, integrating 12 advanced innovations including the self-developed NX9031 chip, SkyOS operating system, 900V high-voltage platform, and steer-by-wire with fully active suspension, demonstrating the strength of the integration of intelligence and electrification [1] - As of August, cumulative sales of the ET9 reached 2,061 units, and the newly released Horizon Special Edition enhances luxury attributes with features like zero-order smooth coating, 23-inch exclusive wheels, and finely embroidered interiors [1] Group 3: Future Outlook - Looking ahead to 2026, the company is expected to benefit from product cycles and internal operational improvements, with the existing 5566 model anticipated to support a rebound in sales through recent adjustments to the standard configuration of 100 kWh batteries [2] - The initiation of the internal CBU reform (Cell Business Unit) is expected to enhance operational and organizational efficiency, as well as the market competitiveness of models, with gradual optimization of cost efficiency anticipated [2]

Core Viewpoint - The report from CICC maintains a "outperform" rating for NIO-SW (09866), with target prices set at HKD 68 and USD 8.8 for 2025/26, while keeping the non-GAAP profit forecasts unchanged [1][2] Group 1: Product and Pricing Strategy - The third-generation ES8 has been enhanced in dimensions, being 181mm longer, 21mm wider, and 50mm taller, with a wheelbase increase of 60mm compared to the previous model [1] - The pricing for the ES8 is set at CNY 406,800 and CNY 446,800, with the BaaS battery leasing option lowering the purchase threshold to CNY 298,800 and CNY 338,800, reflecting a CNY 10,000 reduction from the pre-sale price and lower than the previous model [1] Group 2: Technological Advancements - NIO has consistently focused on core technologies, with the ET9 showcasing the company's innovation capabilities through 12 advanced features, including the self-developed NX9031 chip, SkyOS operating system, 900V high-voltage platform, and steer-by-wire with fully active suspension [1] - As of August, cumulative sales of the ET9 reached 2,061 units, and the launch of the Horizon Special Edition enhances luxury attributes with features like smooth zero-stage coating, 23-inch exclusive wheels, and finely embroidered interiors [1] Group 3: Future Outlook - The company is expected to benefit from the product cycle and internal operational improvements, with the existing 5566 model anticipated to see a sales rebound due to recent adjustments in the standard configuration of 100 kWh battery [2] - The initiation of the internal CBU reform is expected to enhance operational and organizational efficiency, as well as the market competitiveness of the models, with gradual optimization of cost efficiency anticipated [2]

Group 1 - The 2025 World Manufacturing Conference commenced in Hefei, featuring key guests from various sectors to discuss trends in technological revolution and industrial transformation [1] - The conference highlighted the increasing threshold for the top 500 Chinese manufacturing enterprises, rising from 11.09 billion to 17.36 billion, with total revenue growing from 4.024 trillion to 5.168 trillion, an increase of 1.144 trillion [1] - The total assets of the top 500 manufacturing enterprises increased from 4.433 trillion to 5.331 trillion, a growth of 898 billion [1] Group 2 - The conference included 10 comprehensive exhibition areas showcasing achievements in national and Anhui manufacturing, with participation from leading local companies such as Sunpower, iFlytek, and BYD [2] - The automotive industry, as Anhui's leading sector, showcased over 30 key enterprises, including flagship models from JAC, Chery, and NIO, along with various battery technologies [2] - An interactive exhibition area demonstrated advancements in unmanned systems, allowing attendees to experience the capabilities of drones and autonomous vehicles [2] Group 3 - The conference, running from September 20 to 23, includes 4 major events, 6 project matchmaking activities, and 23 specialized events, resulting in 735 signed projects with a total investment of 380.2 billion [3] - Anhui's industrial economy has shown positive trends, with an average annual growth of 7.9% in industrial added value since the 14th Five-Year Plan, surpassing the national average by 2 percentage points [3] - The province has established strong industrial clusters in automotive, photovoltaic, electronics, home appliances, and equipment manufacturing, contributing significantly to national production in various sectors [3]

Group 1: Event Overview - The "2025 World Manufacturing Conference" is being held in Hefei, showcasing smart cars and robots as the main attractions [1][2] - The event features a robot band performing live, creating an engaging atmosphere for attendees [1][3] Group 2: Automotive Industry Highlights - Jianghuai Automobile (江淮汽车) unveiled the luxury model S800, developed in collaboration with Huawei, marking a significant entry into the high-end electric vehicle market [2][8] - The automotive production in Anhui reached 1.4995 million units in the first half of the year, ranking first in the country, with new energy vehicle production at 730,900 units, also the highest nationally [8][9] Group 3: Robotics and Technology Innovations - The conference features over 40 companies showcasing innovations in robotics, including humanoid robots capable of performing various tasks [3][4] - Wulun Technology (无论科技) presented a humanoid robot head module with 34 degrees of freedom for emotional interaction, targeting high-interaction service scenarios [4][5] Group 4: Industry Growth and Future Prospects - The Anhui intelligent robotics industry has grown from over 10 companies and less than 1 billion yuan in revenue in 2013 to 520 companies and over 60 billion yuan in revenue today, ranking fifth nationally [6] - The conference highlights the diverse layout of the Anhui automotive industry, with multiple flagship models from various manufacturers on display [9][10]

Group 1: Event Overview - The "2025 World Manufacturing Conference" is being held in Hefei, showcasing smart cars and robots as the main attractions [1][2] - The event features a robot band performing live, creating an engaging atmosphere for attendees [1][5] Group 2: Smart Automotive Industry - Anhui's automotive industry is undergoing significant transformation, with the launch of high-end models like the Jianghuai Automobile's luxury model, the Zun Jie S800, priced between 708,000 to 1,018,000 yuan [10] - In the first half of the year, Anhui's automotive production reached 1.4995 million units, ranking first in the country, with new energy vehicle production at 730,900 units, also the highest nationally [10] Group 3: Robotics Industry - The intelligent robotics sector in Anhui has grown from over 10 companies and less than 1 billion yuan in revenue in 2013 to 520 companies and over 60 billion yuan in revenue today, ranking fifth nationally [7] - The conference features over 40 companies showcasing innovations in robotics, including humanoid robots capable of performing various tasks [3][4] Group 4: Technological Innovations - Key components supporting the automotive industry include advanced battery technologies and intelligent driving systems, with companies like Guoxuan High-Tech and Chery showcasing their latest innovations [11] - Chery's Robotaxi service is set to expand in Hefei by 2025, initially deploying L3 and L4 autonomous vehicles [11]