Core Viewpoint - The collaboration between EVE Energy and BMW marks a significant milestone in the electric vehicle industry, focusing on the production of large cylindrical batteries to support BMW's new generation of models and enhance the supply chain synergy between China and Europe [2][3][14]. Group 1: Collaboration Background - BMW and EVE Energy's partnership began in late 2017, with a strategic focus on large cylindrical battery technology established in 2020 [2][3]. - EVE Energy was officially announced as a core supplier for BMW's "new generation" models in September 2022, leading to the establishment of new production bases in Shenyang, China, and Debrecen, Hungary [2][3]. Group 2: Production Milestones - The Shenyang large cylindrical battery base's "Pioneer Project" entered trial production on June 30, 2025, marking a transition from technical collaboration to industrial co-creation [3][7]. - The trial production aims to validate and optimize EVE Energy's self-developed high-speed assembly line, utilizing digital twin technology for process and quality control [7][12]. Group 3: Strategic Importance - The partnership is seen as a strategic response to the competitive challenges in the current market, emphasizing the importance of collaboration with local partners in China [5][14]. - EVE Energy's advanced manufacturing capabilities and high-quality standards are key reasons for BMW's choice to collaborate, as both companies aim to lead the transformation in electric mobility [5][12]. Group 4: Market Performance and Future Plans - EVE Energy's large cylindrical batteries have been validated in over 60,000 vehicles globally, achieving significant mileage and maintaining zero safety incidents [11]. - BMW plans to launch over 40 new generation models by 2027, with the first model, the BMW iX3, set to debut within the year, highlighting the urgent demand for advanced battery technology [10][11]. Group 5: Global Supply Chain Synergy - The collaboration exemplifies a new model of global industrial cooperation, with EVE Energy positioned as a key player in meeting the growing battery demand from traditional European automakers like BMW [14][15]. - The proximity of EVE Energy's Hungarian factory to BMW's Debrecen plant is designed to maximize supply chain efficiency and ensure timely battery supply for production [13][14].

Core Viewpoint - The launch of BMW's first mass-produced new generation model, the BMW iX3, is set to redefine perceptions of electric driving pleasure and address the evolving demands of the Chinese market [1][14]. Group 1: Product Development and Design - The BMW iX3 is developed with a new platform, architecture, and technology cluster, marking a strategic shift in BMW's approach to electric vehicles, moving away from traditional oil-to-electric conversions [2]. - The design of the iX3 was led by a Chinese team, which conducted over 1,200 one-on-one user research sessions totaling more than 4,700 hours, optimizing over 100 functional details [1][4]. - The iX3 features a "Heart of Joy" driving control system that integrates the powertrain and chassis control, with a response time of just 1 millisecond, significantly enhancing driving dynamics [2]. Group 2: Smart Technology and User Experience - The iX3 incorporates a smart cockpit powered by the HarmonyOS ecosystem, developed in collaboration with Huawei, enabling comprehensive vehicle-home connectivity [5][6]. - The vehicle will feature a revolutionary PHUD (Projected Head-Up Display) system, which projects information onto the windshield, enhancing the driving experience with a wide field of view and high image quality [6][7]. - BMW is collaborating with local suppliers for intelligent driving solutions, aiming for a safe and user-friendly experience, with plans to implement L3-level autonomous driving capabilities [9][11]. Group 3: Battery and Charging Infrastructure - The iX3 utilizes a jointly developed cylindrical battery with CATL and Eve Energy, supporting an 800V high-voltage platform for improved range, fast charging, and safety [11]. - The maximum range of the iX3 is projected to reach 900 kilometers (CLTC), with plans to establish a charging network of at least 1,000 supercharging stations and 7,000 supercharging piles in China by 2026 [13]. Group 4: Market Positioning and Future Outlook - The introduction of the iX3 signifies a new era for BMW's electric vehicles, with a focus on advanced technology and luxury, positioning it competitively against emerging electric vehicle brands [14].

Core Insights - BMW Group has launched an integrated smart driving solution combining interaction, control, and driving assistance, with the new BMW iX3 being the first model to feature this technology [1] - The company emphasizes a differentiated approach in the competitive smart driving technology landscape, focusing on a holistic solution rather than single-function features [1][2] - The new generation models utilize a cutting-edge electronic architecture with four high-performance computers, achieving significant advancements in decision-making speed and processing power [1][2] Technology Development - The core innovation lies in the "Heart of Joy," which integrates power and chassis control, managing functions like power transmission, braking, charging, energy recovery, and steering [1] - The new system boasts a decision-making latency of under 1 millisecond and a tenfold increase in information processing speed compared to traditional systems [1] - The "smart driving assistance super brain" has seen a 20-fold increase in computing power, optimizing the entire chain from perception to control [1] Driving Experience - BMW's technology route reflects a commitment to the essence of driving, maintaining a dialogue between the driver and the vehicle even when smart assistance systems are engaged [2] - The design philosophy is rooted in BMW's 2016 concepts of "BOOST" and "EASE," emphasizing the synergy between driving performance and smart assistance [2] Data Utilization - The development of BMW's technology is supported by driving data from nearly 30 million global car owners, including over 7 million from China, providing a solid foundation for product design [2] Market Positioning - BMW's approach to smart driving technology represents a unique perspective on the transformation of traditional luxury car brands, aiming to balance brand heritage with technological innovation [2] - The market performance of BMW's new generation models will serve as an important reference for the smart transformation of traditional luxury brands in the automotive industry [2]

研究早观点 | 指数 | | 收盘 | 涨跌幅% | | --- | --- | --- | --- | | 上证指数 | | 3,472.32 | 0.32 | | 深证成指 | | 10,508.76 | -0.25 | | 沪深 | 300 | 3,982.20 | 0.36 | | 中小板指 | | 6,590.53 | -0.21 | | 创业板指 | | 2,156.23 | -0.36 | | 科创 | 50 | 984.80 | -0.01 | 资料来源：最闻 分析师： 李召麒 执业登记编码：S0760521050001 2025 年 7 月 7 日 星期一 资料来源：最闻 国内市场主要指数 电话：010-83496307 邮箱：lizhaoqi@sxzq.com 市场走势 【今日要点】 【山证煤炭】煤炭行业 2024 年报及 2025 年一季报综述：-盈利能力尚 可，红利价值仍有交易空间 【行业评论】通信：周跟踪（20250623-20250629）-——再论昇腾 cloudmatrix384 创新性，算力板块迎来业绩情绪双击 【公司评论】大全能源(688303.SH)：大全能源点评报告-在 ...

Core Viewpoint - BMW's Steyr plant in Austria is undergoing a complex transformation, expanding electric powertrain production while maintaining its role as a global internal combustion engine manufacturing center [2][5]. Group 1: Transformation and Strategy - The Steyr plant is positioned as a dual-engine facility for both internal combustion engines and electric drive systems, ensuring a flexible and future-oriented supply model for BMW's global vehicle lineup [7][11]. - The plant had 4,900 employees and generated sales of €4.4 billion last year, ranking among the top ten industrial companies in Austria [7]. - BMW is committed to maintaining its internal combustion engine business, producing approximately 1.2 million internal combustion engines last year while also investing in traditional engine improvements [14][24]. Group 2: Technological Advancements - The current fifth-generation electric vehicle drive system has achieved a 40% reduction in energy consumption and a 30% increase in vehicle range compared to the upcoming sixth generation [20]. - The introduction of new technological components, such as inverters, is seen as a key differentiator for BMW in enhancing electric drive efficiency and performance [18][22]. Group 3: Workforce and Production Capacity - BMW aims to maintain the current workforce level of approximately 4,900 employees by 2030, with 700 dedicated to research and development [23]. - The production capacity for electric drive systems is expected to expand to 600,000 units across two production lines, with adjustments based on market demand [24]. Group 4: Future Developments - The first "New Generation" model, the iX3, is set to begin series production in the fall at BMW's new factory in Debrecen, Hungary [29]. - BMW is prepared to evaluate global expansion options if demand increases, ensuring flexibility in production strategies [32].

机器之心报道 编辑：Panda AI 领域最近盛行一个观点： AI 下半场 已经开始，评估将比训练重要。而在硬件层级上，我们也正在开始进入一个新世代。 过去几年，全球科技巨头的 AI 竞赛还聚焦于「芯片」本身 —— 比拼谁的计算核心更强大，就像 F1 赛场上对引擎马力的极致追求。而今天，战火已经蔓延到一个 更宏大的新维度： 系 统架 构 。 当所有顶级玩家都拥有了性能强悍的「V12 引擎」后，人们痛苦地发现，真正的瓶颈已不再是单颗芯片的算力，而是如何将成百上千颗芯片连接起来，形成一个 高效协同的整体。这就像将一千辆 F1 赛车同时塞进一条乡间小路，再强的引擎也只能在无尽的「堵车」中怠速轰鸣。 这个「交通堵塞」，就是今天 AI 数据中心面临的最致命瓶颈 —— 通信开销。在大模型分布式训练中，节点间的海量数据同步，常常导致算力利用率骤降。无数 斥巨资采购的顶级芯片，大部分时间都在等待数据，而不是在计算。也就是说，AI 行业正面临一场深刻的效率危机。 因此，一个根本性的问题摆在了所有人的面前：如何才能彻底拆除芯片之间的「围墙」，构建一个真正没有堵车的「算力高速公路网」？ 面对这个 AI 下半场的终极考题，华为云给出 ...

金磊 克雷西 发自 凹非寺 量子位 | 公众号 QbitAI 今年，AI大厂采购GPU的投入又双叒疯狂加码—— 马斯克xAI打算把自家的10万卡超算扩增10倍，Meta也计划投资100亿建设一个130万卡规模的数据中心…… GPU的数量，已经成为了互联网企业AI实力的直接代表。 的确，建设AI算力，这种堆卡模式是最简单粗暴的，但实际上， AI集群却并非是卡越多就越好用。 GPU虽然计算性能好，但是在集群化的模式下依然有很多挑战，即便强如英伟达，也面临通信瓶颈、内存碎片化、资源利用率波动等问题。 简单说就是，由于通信等原因的限制，GPU的功力没办法完全发挥出来。 所以，建设AI时代的云数据中心，不是把卡堆到机柜里就能一劳永逸，现有数据中心的不足，需要用架构的创新才能解决。 最近，华为发布了一篇60页的重磅论文，提出了他们的下一代AI数据中心架构设计构想—— Huawei CloudMatrix ，以及该构想的第一代产 品化的实现CloudMatrix384。相对于简单的"堆卡"，华为CloudMatrix给出的架构设计原则是，高带宽全对等互连和细粒度资源解耦。 这篇论文干货满满，不仅展示了CloudMatrix ...

Core Viewpoint - The sustainable development has become a crucial requirement for automotive companies, not just an additional topic, as they navigate the global green transition [1] Group 1: Sustainable Development Initiatives - BMW's 2024 sustainability report highlights significant achievements in green transformation, including commitments from approximately 200 local suppliers to use renewable energy, resulting in a reduction of about 1 million tons of carbon emissions compared to 2019 [1][4] - The company has made breakthroughs in material innovation, successfully applying new bio-based composite nylon materials in the BMW X3 model and exploring the use of tea leaves for new bio-based materials [1][3] - BMW aims to enhance the use of recycled materials, planning to increase the proportion of recycled aluminum in new model wheels to 70%-75% to further reduce carbon footprint [3][5] Group 2: High-Quality Development Strategies - BMW's core experiences in high-quality development include focusing on core technologies for R&D, adhering to strict product testing, and continuously improving a "smart, efficient, low-carbon" production system [2] - The company emphasizes the importance of collaboration across the entire value chain to achieve sustainable development, with a focus on long-term value creation and innovation [1][4] Group 3: Circular Economy and Resource Efficiency - BMW has implemented effective water resource management, reducing water consumption per vehicle to 1.57 cubic meters and achieving a total recycled water usage of 400,000 cubic meters [5] - The company has achieved zero landfill waste at its Shenyang plant and is actively collaborating with local partners to integrate renewable energy and circular economy practices throughout its value chain [5][4] Group 4: Future Outlook - BMW is committed to leading the transition to sustainable mobility, with the upcoming "New Generation" models set to enhance vehicle efficiency by 20%, charging speed by 30%, and range by 30% [3][6] - The company envisions future mobility as a harmonious coexistence of people, society, and nature, continuing to prioritize responsibility in its operations [6]

A股今日（6月27日）走势分化，沪指弱势下探，上证50指数跌逾1%；深证成指、创业板指相对强势；港股午后回落，两大股指双双翻绿。 具体来看，沪指午后在银行、保险等板块的拖累下快速下探，创业板指等震荡上扬。截至收盘，沪指跌0.7%报3424.23点，深证成指涨0.34%报10378.55点，创 业板指涨0.47%报2124.34点，北证50指数涨约1%，上证50指数跌1.13%，沪深北三市合计成交15759亿元，较此前一日减少476亿元。 港股方面，截至发稿，百济神州跌约8%，阿里健康涨超6%；小米集团涨逾4%，该股盘中一度大涨8%续创历史新高。 银行板块下挫 场内近3400股飘红，有色板块强势，电工合金、北方铜业等涨停；半导体板块拉升，龙芯中科涨超13%，芯原股份涨约6%；CPO概念活跃，联特科技一度涨停， 源杰科技涨近7%；券商板块再度上扬，天风证券盘中涨停；多元金融股再度爆发，弘业期货、爱建集团分别斩获4连板和3连板；银行、保险板块回调，青岛银 行、杭州银行、重庆银行等跌逾4%。 近期强势的银行板块今日大幅下挫，截至收盘，青岛银行、杭州银行、重庆银行跌超4%，江苏银行、招商银行、中国银行、农业银行等均跌逾 ...

6月27日，华晨宝马2024年可持续发展报告重磅发布，全方位展示了其深耕绿色转型的坚定步伐与创新成果：从再 生能源到循环经济，从全链协同到价值共创，从文化传承到生态保护，充分诠释了豪华品牌的多维探索与责任担 当。 秉承"责任优先"的理念，宝马凭借即将面世的宝马"新世代"车型，以创新技术为突破，重塑可持续价值标准，成 为汽车行业低碳转型的领航者。 "责任是我们行动的锚点。宝马在创造下一代驾趣的同时，也致力于守护下一代福祉。"华晨宝马汽车有限公司总 裁兼首席执行官戴鹤轩博士表示，"真正的卓越不仅体现在公司业绩上，更在于从产品责任、环境管理、价值链协 作到社会贡献的全方位卓越。" 循环设计先锋：更高能效，超有 " 料 " ， " 新世代 " 开启绿色新纪元 截至2024年底，宝马品牌已在中国引入7款纯电动车型。随着新世代车型即将全球亮相并于明年实现国产，宝马正 在数字化、电动化和可持续性领域实现全方位突破。 在坚持"宝马严选"标准的前提下，宝马不断扩大再生材料应用，在2024年成功将再生热塑性材料从BMW iX3项目 拓展至其他车型项目的同类零部件。未来，宝马还计划将新车型轮毂的再生铝使用比例提升至70%-75%， ...