【文/观察者网 潘昱辰 编辑/高莘】2025年即将结束之际，因特朗普新政策而摇摇欲坠的美国电动汽车 行业再遭打击。就在一周前，福特汽车宣布因重组电动汽车业务减记195亿美元电动汽车，并停止以F- 150 Lightning为代表的多款电动车型项目；几乎同一时间，大众汽车宣布其电动巴士ID.Buzz因需求不 足，明年将不再向美国市场进口这款车型。 据《华尔街日报》报道，随着汽车行业转型浪潮的到来，传统车企曾一度以特斯拉为目标，将一些代表 燃油车生活方式的经典车型以电动化形式呈现，并将其视作重振品牌荣耀的关键。然而在市场的残酷现 实面前，这些曾被传统车企寄予厚望的所谓"特斯拉杀手"们，如今正深陷泥潭难以自拔。 "电动车主不需要" 《华尔街日报》认为，在福特宣布电动汽车业务重组并停止诸多项目之际，F-150 Lightning电动皮卡无 疑是最令人遗憾的一款。这款曾被寄予厚望的车型被叫停，不仅是给福特首席执行官吉姆·法利的一记 重拳，更是对电动汽车在美国发展前景这一理念的又一次打击。而福特电动车型失败最为根本的原因， 是其始终未能满足大多数客户的期望。 但Strategic Vision总裁亚历山大·爱德华兹表示， ...

斯巴鲁的SUV"森林人"（12月4日，横滨市） 大众的纯电动MPV"ID.Buzz"（12月4日，横滨市） 此外，"2025-2026年度进口汽车"选择了德国大众的纯电动车型"ID.Buzz"。其设计让人联 想到被亲切地称为"Wagen Bus"的小型MPV"Type 2"，该车同时属于日本国内仍然稀少的 纯电动MPV，获得高度评价。 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 日经中文网 https://cn.nikkei.com 视频号推荐内容： 斯巴鲁4月发售了第6代新款森林人。由自主开发的发动机和丰田提供的混合动力系统组合成 的动力单元"强混动"（Strong Hybrid）获得很高评价。既能日常使用也能越野的性能和外型 设计引人关注…… 由汽车评论家等组成的日本年度汽车执行委员会12月4日宣布，作为最优秀奖的"2025-2026 年度日本年度汽车"颁给SUBARU（斯巴鲁）的SUV车型"森林人"（Forester）。评委对森林 人的燃效性能和乘坐舒适度等给予高度评价。 斯巴鲁4月发售了第6代新款森林人。由自主开发的发动机和丰田提供的混合动力系统组合成 的动力单元"强混动 ...

Core Insights - Tesla has launched its robotaxi service in Austin, Texas, using a limited fleet of 10 to 20 Model Y vehicles instead of the previously introduced Cybercab [1][2] - The service is currently operating in a geofenced area with safety measures in place, including remote monitoring and a Tesla employee present in the vehicle [2] - Following the launch, Tesla's stock rose by 8% on Monday, adding approximately $10 billion to Elon Musk's stake, although some gains were lost the following day [3] Competition Landscape - Tesla's initial vision of having 1 million robotaxis by 2020 has not materialized, and it may be late to the robotaxi market by 2025 [5] - Competitors like Waymo are already operating in multiple cities and have provided 250,000 paid rides per week, indicating the need for Tesla to significantly scale its network to compete [6] - Other companies, including Amazon's Zoox and Volkswagen, are also developing their own robotaxi networks, while several networks are advancing in China [7] Financial Performance and Valuation - Tesla's competitive edge in electric vehicles and autonomy is diminishing, with automotive revenue falling by 20% in Q1 2024 and a decline in vehicle sales in Europe [8] - The company's valuation is heavily reliant on the success of the robotaxi business, with speculative projections suggesting a $5 trillion valuation by 2030, but these are largely conjectural [9] - Currently, Tesla's stock trades at a price-to-earnings ratio of 196, indicating that investors are expecting significant growth from robotaxis and other ventures [10] Risks and Challenges - The slow rollout of the robotaxi network may pose more risks than opportunities for Tesla, as the stock is priced for perfection and any missteps could lead to significant declines [11]

Group 1: Pickup Market Performance - In April 2025, the national pickup production reached 52,000 units, a year-on-year increase of 18.8% [1] - Pickup market sales in April 2025 were 50,000 units, reflecting a year-on-year growth of 14% but a month-on-month decline of 13% [1] - From January to April 2025, pickup market sales totaled 188,000 units, marking a year-on-year increase of 9% and reaching historical highs [1] Group 2: Li Auto Financial Performance - Li Auto reported a first-quarter revenue of 25.93 billion yuan, a year-on-year increase of 1.1% [1] - The net profit for the first quarter was 647 million yuan, reflecting a year-on-year growth of 9.4% [1] - The delivery volume in the first quarter was 92,864 units, representing a year-on-year increase of 15.5% [1] Group 3: Li Auto Product Strategy - Li Auto's management expressed confidence that the new model will soon return to a monthly sales level of 50,000 units [1] - The company holds a 14.7% market share in the segment above 200,000 yuan as of May [1] - Li Auto plans to introduce MPV and sedan products based on market demand to cater to domestic and key overseas markets [1] Group 4: NIO and Zeekr Charging Cooperation - NIO Energy and Zeekr Energy have officially established a charging interoperability cooperation [2] - Users of NIO, Ledo, and Firefly can locate and use Zeekr charging stations through various apps [2] Group 5: New Company Formation - Seres has established a new company, Chongqing Saihang Zhixing Space Technology Co., with a registered capital of 50 million yuan [3] - The new company will focus on aviation transport equipment sales, smart vehicle equipment manufacturing, and other related services [3] Group 6: Tesla Model Y Delivery Announcement - Elon Musk announced that the Model Y autonomous driving vehicle will be delivered to customers in June [4] - The Model Y has been tested on public roads in Austin without any accidents reported [4] Group 7: Toyota Global Sales Growth - Toyota reported a global sales increase of 12.2% in April, reaching 936,718 vehicles [5] - The global production also saw a year-on-year growth of 11.7%, totaling 902,425 vehicles [5] Group 8: Volkswagen Pricing Strategy - Volkswagen of America announced it will maintain suggested retail prices through June despite rising operational costs [6] - The pricing for models such as the 2025 Atlas, Atlas Cross Sport, and ID.4 will remain stable [6] - Volkswagen aims to keep entry-level models affordable to ensure customer accessibility [6]