理想研发体系，在硅谷拓疆。 36氪从多处获悉，理想汽车正式筹建硅谷的AI研发中心，将负责智能化技术研发，已在数月前开启人 员招聘。 知情人士告诉36氪，此前理想北美便拥有一个小型研发团队，支持芯片研发以及其他智能化相关工 作，"这次是要把硅谷团队升级为一个真正的研发中心"。 据36氪了解，理想硅谷研发中心此次扩建主要面向辅助驾驶领域，希望招募具备智能化前沿背景的高端 算法人才。 今年10月起，理想汽车陆续完成埃及、哈萨克斯坦等四个重要国际市场的渠道搭建与产品落地。在理想 汽车对外公布的出海战略中，全球化研发布局同样关键，已在德国、美国分别建立研发中心。 至此，理想全球将共拥有4座研发中心。 除硅谷AI研发中心外，理想首座海外研发中心位于德国慕尼黑，已于今年1月开业。该研发中心负责前 瞻造型设计、功率半导体、智能底盘和电力驱动的下一代技术预研。国内两座研发中心则分别位于北 京、上海，主要负责核心技术突破及整车研发。 硅谷是全球AI技术的人才高地，特斯拉、Waymo、OpenAI、英伟达等AI行业头部企业均落户于此。在 这里，中国企业有机会直接接触前沿技术和高端人才。 中国新势力车企中，蔚来和小鹏布局更早，201 ...

理想研发体系，在硅谷拓疆。 36氪从多处获悉，理想汽车正式筹建硅谷的AI研发中心，将负责智能化技术研发，已在数月前开启人 员招聘。 中国新势力车企中，蔚来和小鹏布局更早，2014年、2018年便在美国硅谷建立研发中心。理想此次落子 硅谷、聚焦自动驾驶研发，意味着中国智能电动车的技术竞争已进一步升级。 2025年，汽车智能驾驶的竞争，火药味日趋浓烈。 华为今年发布了ADS 4.0版本，面向高速场景推出L3级自动驾驶的商用解决方案。目前在售的尊界 S800、问界M8等车型均已搭载支持L3级自动驾驶功能的硬件。 理想则在今年3月发布了VLA司机大模型，其技术原理是通过视觉-语言-动作联合建模，引入语言模型 和思维链，使车辆能理解场景、进行因果推理和常识判断，从而降低对规则系统的依赖，提升系统在未 知场景中的泛化能力。 9月10日，理想已向用户开启全量推送，但CEO李想在社交平台上表示，此次推送的VLA大模型是"残血 版"，有核心功能尚未开放。 知情人士告诉36氪，此前理想北美便拥有一个小型研发团队，支持芯片研发以及其他AI相关工作，"这 次是要把硅谷团队升级为一个真正的研发中心"。 据36氪了解，理想硅谷研发中心此 ...

转自：新华财经 新华财经北京12月17日电（杨明炜、康耕甫）12月3日，理想汽车推出了AI眼镜Livis，标志着理想汽车 董事长兼CEO李想计划将"理想打造成一家具身智能企业"的愿景迈出了实质性一步。 李想认为，具身智能最好的一种方式是跟现有机械，各种常用的机器本体进行结合，并给予它更好 的"眼睛""大脑"和"心脏"。理想汽车正在产品、技术、组织三个维度推进"具身智能"建设，其VLA大模 型的空间理解、思维与推理、沟通与记忆、行为和迭代五大核心能力也给用户带来了安全、舒适、高超 的驾驶技巧和自然的交互能力，提升了用户体验。 三个维度推进"具身智能"建设 李想在公司2025年第三季度财报业绩会上所作的演讲，进一步证明，公司近期围绕产品、技术、组织三 个维度，在为具身智能企业确定下一个十年的战略布局。 产品层面，李想向投资者介绍，理想不做电动车，不做智能终端，而是一家"具身智能"企业。当产品停 留在"电动车"，竞争逻辑可能就是堆配置、拼参数，变成参数大战，很多研发投入都是不必要的浪费。 如果选择做智能终端，本质上会变成功能的重复建设，例如把手机、电脑上的体验复制到车上，对用户 价值的提升有限。 汽车是具身智能产品 ...

全球资本市场正经历以人工智能为核心的新一轮科技投资热潮。 当前，全球汽车产业正经历一场由人工智能技术驱动的深刻变革。从产品形态到用户体验，从生产方式 到商业模式，AI（人工智能）技术正在全方位重塑汽车行业的每个环节。 在此背景下，人工智能可以带来哪些新的出行场景？车企是否做好了相关技术准备？围绕这一系列问 题，理想汽车相关负责人（以下简称理想汽车）接受了《每日经济新闻》记者（以下简称NBD）的采 访。 汽车将从交通工具转变为AI时代的"空间机器人" NBD：当前，我国正大力发展"人工智能+"。未来5至10年，人工智能对汽车、对汽车行业最大的改变 是什么？ 理想汽车：我们认为，未来5至10年，"人工智能+"将从根本上重塑汽车行业。汽车将从一个工业时代的 交通工具，转变为AI时代的"空间机器人"。这不仅是技术的升级，更是产品形态和产业范式的革命。 对汽车行业而言，电动化是过程，AI才是终局。竞争的核心将从传统的硬件制造，转向软件和人工智 能技术驱动的全面能力。企业需要具备构建覆盖模型、算力、操作系统和硬件本体的综合体系能力，这 四大要素相辅相成，缺一不可。 对于车主而言，最大的体验变化将来自AI，从"辅助工具"跃 ...

Group 1 - The global automotive industry is facing unprecedented challenges, with over 55,000 jobs lost in the past two years in Germany alone, and more than 100,000 layoffs reported worldwide in the last year [1][2] - In contrast, China's automotive sector is thriving, with significant advancements in smart electric vehicles and a robust supply chain, positioning itself as a global leader in the industry [1][3] Group 2 - 2025 is seen as a critical year for automotive manufacturers, with a focus on survival in the face of electrification and the need for innovation in smart technologies [2][10] - China's automotive industry has rapidly evolved, achieving over 30 million annual vehicle sales and over 50% penetration of new energy vehicles, showcasing its ability to catch up and lead in the electric transformation [3][10] Group 3 - Major automotive companies are balancing tradition and innovation, with firms like Mercedes-Benz adapting to local markets while maintaining high safety and quality standards [4][5] - The innovation paths of foreign and Chinese companies are converging, with a blend of cautious planning and agile execution becoming the norm in the industry [5][6] Group 4 - A significant debate is ongoing regarding the technical routes for intelligent driving, with different approaches such as Tesla's vision-based system and Huawei's lidar-based system highlighting diverse innovation strategies [6][7] - The introduction of mandatory safety standards for L2-level driving assistance in China marks a shift towards a more regulated and safety-focused industry [8][9] Group 5 - The Chinese government is facilitating the development of L3-level autonomous driving, with expectations for standards to be established soon, indicating a strong push towards advanced automated driving technologies [10][11] - The competitive landscape in China's smart driving sector is characterized by a diverse ecosystem of companies, fostering innovation and adaptability across various scenarios [10][11]

Core Insights - The automotive industry is transitioning from traditional hardware competition to a new era driven by AI, which is deeply integrated into vehicle control and intelligent driving, transforming cars into essential "smart partners" and "ecological hubs" in daily life [2][12] AI Empowerment and Breakthroughs - AI technology has penetrated various aspects of the automotive sector, including intelligent driving and smart cockpits, showcasing significant advancements in both technical depth and application breadth [3] - The shift towards software-defined intelligent platforms is evident, with companies like Li Auto and Xiaomi showcasing advanced driver assistance systems that enhance user experience and mimic human decision-making [3][4] Market Accessibility and Cost Reduction - The price range of 120,000 to 150,000 yuan has emerged as a new battleground for intelligent driving, with companies like GAC Toyota and Dongfeng Nissan introducing advanced features at lower price points due to a significant drop in core component costs [4] - The cost of automotive-grade lidar has decreased from approximately 8,000 yuan in 2023 to below 3,000 yuan, indicating a trend towards more affordable intelligent driving technologies [4] Intelligent Cockpit Innovations - AI models are transforming traditional vehicles into emotionally aware travel companions, as seen in the Roewe M7 DMH's AI cockpit system, which offers advanced interaction capabilities and personalized user experiences [5] - The system can understand complex commands and remember user preferences, enhancing the overall driving experience [5] New Automotive Ecosystem - AI serves as a core hub connecting various elements of a vast automotive ecosystem, integrating travel services, energy networks, hardware, software applications, and urban infrastructure [7] - This integration breaks down the traditional isolation of vehicles, creating a more interconnected and efficient transportation network [7] Integrated Smart Mobility - AI is the foundational technology for building an integrated "vehicle-road-cloud" smart mobility ecosystem, enhancing collaborative driving and optimizing traffic network efficiency [8] - In the energy sector, AI is transforming vehicles into active participants in smart energy networks, improving battery management and charging efficiency [8] Comprehensive User Experience - AI is becoming the central engine for connecting "people-vehicles-home" ecosystems, evolving cars from mere transportation tools to personal mobility control centers [9] - The shift in human-machine interaction is moving towards an AI-centric model, where AI understands user intentions and provides tailored services [9] Industry Transformation - The dual drive of AI and ecosystem integration is reshaping the global automotive industry's competitive landscape, requiring participants to reassess their roles and value [11] - The focus of competition has shifted from mechanical performance to intelligence and ecosystem integration, with new business models emerging that emphasize lifecycle value rather than one-time hardware sales [11] Future Outlook - The automotive industry is moving from a horsepower competition to one focused on computing power and collaboration, with AI as the driving force behind this transformation [12] - Companies must understand these trends and build comprehensive capabilities to thrive in the evolving automotive landscape [12]

理想汽车交出了一份由盈转亏的三季度财报。 财报数据显示，三季度，理想汽车共交付9 . 2万台新车，营业收入为人民币2 7 4亿元。同期 净亏损6亿元，结束了连续11个季度的盈利纪录。交付和营收下滑，毛利率也下滑了4个百 分点，综合毛利率至1 6 . 3%、车辆毛利率至1 5 . 5%。 从绝对数据上来看，这个财报数据并不占据上风，但情有可原。理想汽车CFO李铁在财报 会上解释称，三季度由盈转亏同1 0月下旬理想召回MEGA的预计成本有关。 如果剔除这一影响，理想Q3的综合毛利率为2 0 . 4%，汽车毛利率为1 9 . 8%，依然稳定在之 前的1 9%以上的水平，环比实际都是增加的。 在本次季度财报电话会上，理想汽车也改变了向市场汇报的电话会风格，第一次在财报会 上发表了近2 0分钟的演讲，复盘过去三年的公司管理、锚定未来的产品和技术路线，坚定 走向具身智能。 " 3~5年内，理想将成为具身智能领域表现最好的企业。"理想汽车CEO李想在财报会上表 示。 财报发布后，理想美股股价上涨0 . 6%，盘后上涨了0 . 3 8%。 召回超过1万台MEGA，太费钱 市 场 对 于 理 想 将 MEGA 召 回 放 到 ...

Core Insights - Li Auto plans to enhance its AD Max model with innovative VLA charging and defensive AES automatic emergency steering features, while also introducing urban NOA functionality to the upgraded AD Pro model [1][2] Group 1: VLA Charging and AES Features - The VLA charging feature allows vehicles to autonomously navigate to Li Auto's supercharging stations, automatically find available charging spots, and complete parking and payment processes without user intervention [2] - The VLA charging function is set to cover over 1,400 Li Auto supercharging stations by January 2026, with plans to expand to over 2,400 stations by February and over 2,900 by March [2] - The AES automatic emergency steering feature will be fully rolled out to AD Max users, evolving from active collision avoidance to passive collision defense, helping users avoid various dangerous scenarios [2] Group 2: User Experience and Market Position - The VLA driver model has achieved over 312 million kilometers in driving distance, with a 2.2 times increase in mileage penetration and a threefold increase in daily active usage [1][2] - The focus on enhancing user experience in parking and safety reflects a trend among leading new energy vehicle manufacturers to refine their autonomous driving capabilities [3]

理想汽车交出了一份由盈转亏的三季度财报。 财报数据显示，三季度，理想汽车共交付9.2万台新车，营业收入为人民币274亿元。同期净亏损6亿 元，结束了连续11个季度的盈利纪录。交付和营收下滑，毛利率也下滑了4个百分点，综合毛利率至 16.3%、车辆毛利率至15.5%。 从绝对数据上来看，这个财报数据并不占据上风，但情有可原。理想汽车CFO李铁在财报会上解释称， 三季度由盈转亏同10月下旬理想召回MEGA的预计成本有关。 如果剔除这一影响，理想Q3的综合毛利率为20.4%，汽车毛利率为19.8%，依然稳定在之前的19%以上 的水平，环比实际都是增加的。 在本次季度财报电话会上，理想汽车也改变了向市场汇报的电话会风格，第一次在财报会上发表了近20 分钟的演讲，复盘过去三年的公司管理、锚定未来的产品和技术路线，坚定走向具身智能。 "3~5年内，理想将成为具身智能领域表现最好的企业。"理想汽车CEO李想在财报会上表示。 财报发布后，理想美股股价上涨0.6%，盘后上涨了0.38%。 召回超过1万台MEGA，太费钱 市场对于理想将MEGA召回放到三季度财报里计提，产生了不少疑问：四季度发生的事情，为什么要放 在三季度财报中 ...

Core Insights - Li Auto reported a significant decline in both deliveries and revenue for Q3 2025, marking a return to losses after 11 consecutive profitable quarters [2][4] Delivery and Revenue Decline - In Q3 2025, Li Auto delivered 93,211 vehicles, a year-on-year decrease of 39.0% [2] - Vehicle sales revenue was 25.9 billion RMB (3.6 billion USD), down 37.4% from 41.3 billion RMB in Q3 2024 and down 10.4% from 28.9 billion RMB in Q2 2025 [2][3] - Total revenue for Q3 2025 was 27.4 billion RMB (3.8 billion USD), a decrease of 36.2% year-on-year and 9.5% quarter-on-quarter [2][3] Profitability and Financial Performance - Li Auto reported a net loss of 624.4 million RMB (87.7 million USD) in Q3 2025, compared to net profits of 2.8 billion RMB and 1.1 billion RMB in Q3 2024 and Q2 2025, respectively [2][3] - The gross margin for vehicles fell to 15.5%, down from 20.9% in Q3 2024 and 19.4% in Q2 2025 [4] Cost and Cash Flow Challenges - The company faced increased costs due to supply chain bottlenecks and the impact of the Li Auto MEGA recall, which affected gross margins [4] - Free cash flow was reported at -8.9 billion RMB (-1.3 billion USD) for Q3 2025, compared to 9.1 billion RMB in Q3 2024 [4] R&D Investment - Despite financial pressures, R&D expenses remained high at 3.0 billion RMB (418 million USD) for Q3 2025, up 15.0% year-on-year [4] - The increase in R&D spending was attributed to new model projects and adjustments in product configurations [4] VLA Driver Model Performance - The VLA driver model, an in-house developed assisted driving system, has seen high penetration and usage rates, with cumulative mileage exceeding 312 million kilometers [5][6] Market Performance - As of the report date, Li Auto's stock price increased by 0.84%, trading at 72.3 HKD per share, with a total market capitalization of 154.8 billion HKD [7]