Gartner最新发布2025《Market Guide for Server Virtualization Platforms》《服务器虚拟化市场指南》报 告。云轴科技ZStack凭借ZSphere虚拟化平台入选代表厂商。对ZStack而言，这代表着ZSphere虚拟化平 台优秀的技术产品能力和在全球市场广泛的落地实践得到认可。 报告指出，"服务器虚拟化市场正面临数十年来最大的变革，Broadcom对VMware的收购重新搅动了服 务器虚拟化市场的竞争格局。" Gartner预测，到2028年，成本问题将促使全球70%的企业级VMware客户迁移50%的虚拟工作负载，这 主要源于用户对以下问题的担忧：总体拥有成本（TCO）的上升、支持服务质量的下降，以及产品路线 图变更所带来的有限收益，不少用户正在寻找具备完整替代能力的可靠供应商。 据悉，ZStack ZSphere虚拟化平台可支持分布式存储和集中式存储，实现存算分离和超融合两种部署方 式。它支持多种存储协议，并支持虚拟机跨不同类型主存储热迁移。在企业数据中心，ZStack ZSphere 虚拟化平台可实现"虚拟化+容器+裸金属"的融合一体化平台，兼顾应用 ...

Core Viewpoint - Broadcom has initiated audits on former VMware customers who have not renewed their support contracts, following a significant price increase of up to 300% for VMware products due to Broadcom's bundling strategy [1][3][7]. Group 1: Audit Initiation - Broadcom has begun sending "stop and cease usage" letters to VMware users whose support contracts have expired, demanding they stop using all updates and patches released since the termination of their contracts [1][2]. - An audit has been launched for a Dutch software supplier, which has been a VMware customer for about ten years, indicating that Broadcom is actively reviewing compliance with VMware software usage [3][4]. Group 2: Customer Concerns - Customers express concerns about the financial impact of the audits, with some fearing it could affect salary negotiations and lead to layoffs due to budget constraints [5]. - There are reports of companies receiving audit notifications despite having ceased using VMware products, raising questions about the validity of Broadcom's audit process [7][8]. Group 3: Market Reaction - Broadcom's aggressive enforcement of VMware licensing agreements has generated backlash among existing and former customers, with calls for regulatory scrutiny of its practices [9]. - The acquisition of VMware for $69 billion is viewed as a successful transaction, yet the ongoing issues with customer relations and compliance audits may tarnish Broadcom's reputation in the market [9].

Group 1: Solid-State Battery Developments - BYD, Guoxuan High-Tech, and FAW Group have successfully launched 60Ah automotive-grade battery cells with an energy density of 350-400Wh/kg, a charging rate of 1C, and a cycle life of 1000 times, ahead of schedule by about six months [1] - By the second half of 2025 to the first half of 2026, solid-state batteries are expected to reach a critical milestone in pilot testing, with equipment debugging and optimization nearing completion, significantly improving technology maturity [1] - With leading companies and the supply chain making strides, breakthroughs in equipment and materials are progressing smoothly, with sulfide electrolyte production surpassing kilometer-level rolls and pressure conditions reduced to 1-2Mpa [1] - By 2026, the price of sulfide electrolytes is projected to drop to 2.5 million per ton, with long-term potential to decrease to several hundred thousand per ton, bringing solid-state battery costs closer to those of liquid batteries [1] - This sets the foundation for large-scale applications of solid-state batteries in low-altitude aircraft, power systems, and robotics, with the market size expected to exceed 100GWh by 2030 [1] Group 2: Orders and Market Recovery - In November 2024, CATL and Leading Intelligent signed an agreement to further expand their cooperation, particularly in core equipment investment for battery cells, with CATL committing to prioritize 50% of new investments for Leading Intelligent [2] - From 2022 to 2024, despite high expectations, actual related transactions have declined, but orders are expected to rebound in Q1 2025, approaching levels seen in 2022-2023, indicating a gradual improvement in overall order conditions [2] - According to company forecasts, orders in 2025 are expected to increase by 20%-30%, reaching 24-26 billion, indicating a recovery trend for Leading Intelligent's orders [2] Group 3: VMware Pricing Controversy - Following Broadcom's acquisition of VMware for $69 billion, VMware implemented significant reforms, notably bundling its product offerings into the VMware Cloud Foundation (VCF) subscription suite, eliminating the previous perpetual licensing model [3] - Many users reported that this reform led to a dramatic increase in VMware product licensing costs, with some experiencing price hikes of 8 to 15 times, compared to purchasing specific products like vSphere or vSAN [3] - Broadcom responded by stating that this is not merely a price increase but a move to help users unlock greater value, highlighting that many customers overlook the comprehensive management, security, and automation features provided by VCF [3] - According to Broadcom's report, 53% of global enterprises prioritize deploying private clouds as a key IT task in the coming years, while 69% are evaluating the feasibility of migrating some workloads back to on-premises environments [3] - IDC's survey indicates that most enterprises maintain a hybrid architecture, with about 60% preferring on-premises IT systems for core workloads, and less than 2% opting for full public cloud adoption [3] Group 4: Technology and Market Competition in Robotaxi - Pony.ai's CTO recently stated that besides Waymo, Pony.ai, and Baidu, other companies have lagged behind in scaling and automation by two and a half years, while WeRide's CFO publicly countered, emphasizing WeRide's progress in practical implementation [4] - According to Grand View Research, the global Robotaxi market is projected to grow from $1.95 billion in 2024 to $43.76 billion by 2030, with Tianfeng Securities predicting it could reach 834.9 billion by 2030 [4] - Pony.ai's technology emphasizes redundancy and safety, utilizing a multi-sensor fusion approach, including LiDAR, cameras, and millimeter-wave radar, and continuously optimizing algorithms through a "shadow mode" [4] - The fleet has covered core areas in major cities and plans to expand to 1,000 vehicles by the end of 2025, with passenger fare revenue increasing by 800% year-on-year [4] - WeRide successfully listed on NASDAQ and earned the title of "Robotaxi First Stock" on October 25, 2024, with a closing market value of $4.491 billion on its first day [4] - This capital competition reflects the strategic intentions behind the technology and market rivalry, indicating that the company that gains an early advantage in the Robotaxi market will secure a favorable position in future market share battles [4] - From 2022 to 2024, Pony.ai's cumulative R&D investment reached $517 million (approximately 3.717 billion RMB), while WeRide's R&D expenses totaled 2.908 billion RMB during the same period [4] - Despite Pony.ai's slightly higher R&D investment, WeRide significantly leads in patent accumulation, having filed 921 patents compared to Pony.ai's 93 [4] - From 2022 to 2024, Pony.ai's main revenue figures were $68.39 million, $71.90 million, and $75.03 million, while WeRide's revenue during the same period was 528 million RMB, 402 million RMB, and 250 million RMB, indicating a significant decline in WeRide's revenue [4] - Both companies exhibit strong financial health, but WeRide faces challenges with decreasing operating cash flow, while Pony.ai has seen a significant decline in investment cash flow [4]