脑残都说自己是分析师的个人主页 - 老虎社区

脑残都说自己是分析师

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脑残都说自己是分析师

2025-11-24

$小米集团-W(01810)$ 继续上车50万股

脑残都说自己是分析师

2025-10-14

$小米集团-W(01810)$ 加仓，5万股，小米被各种垃圾公司黑，什么垃圾某界，某界出车祸，直接全网全国封锁！支持小米吧，今天毕赚

脑残都说自己是分析师

2025-11-26

Replying to @亿千:残章你是//@亿千:何止。我觉得能到1000

脑残都说自己是分析师

02-24

$泡泡玛特(09992)$ 这种腊鸡公司，早晚倒闭

脑残都说自己是分析师

07-20

$智谱(02513)$ 这种垃圾怎么上市的，怎么被吵到现在这样的？

脑残都说自己是分析师

05-11

$小米集团-W(01810)$ 空头马上要被拉爆了，赶紧上车了，下个礼拜就没机会了

脑残都说自己是分析师

2025-11-26

$小米集团-W(01810)$ **的mate 啥东西，那么丑，能卖出小米的零头不，今日继续加仓！

脑残都说自己是分析师

02-02

再怎么黑，现在买小米的还是多，相反，国人醒悟了，不管手机和汽车，几乎没有人买华尾的了

小米SU7 Ultra销量“过山车”：上市初期火爆，年末却跌至45辆

脑残都说自己是分析师

06-29

$小米集团-W(01810)$ 加仓加仓20万股，一个月翻翻！

脑残都说自己是分析师

2025-04-08

全部买不要卖，把老美搞死，中国人一起加油

去老虎APP查看更多动态

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href=\"https://laohu8.com/S/06880\">MOMENTA-W</a>（06880）涨1.11%。</p><p>消息面上，<a href=\"https://laohu8.com/S/06066\">中信建投证券</a>研究指，基于景气度及估值、成长空间这两条投资脉络，当前时间重点提示商用车、摩托车板块及机器人、智驾等物理AI板块的配置机会，前者出海支撑高景气及盈利兑现，且或受益于当前低估值稳健红利风格；后者股价经过近期剧烈回调已处于历史低位，产业趋势及成长空间依旧清晰，建议积极配置已经深入卡位的优质底部α标的。<a href=\"https://laohu8.com/S/601456\">国联民生</a>证券日前表示，国内智驾正从功能普及迈向高阶渗透，2026年智驾平权有望持续加速，15万元以下市场将成为NOA渗透率提升的重要增量。海外市场，<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>FSDV14.3.x持续迭代，累计行驶里程突破100亿英里，叠加AI算力储备与Robotaxi小规模无监督运营，持续引领商业化验证。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>智驾概念股持续走高 赛力斯（09927）涨6.84% 、比亚迪股份（01211）涨1.92%</title>\n<style 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智驾概念股持续走高，截止发稿，<a href=\"https://laohu8.com/S/002703\">浙江世宝</a>（01057）涨8.80%，<a href=\"https://laohu8.com/S/601127\">赛力斯</a>（09927）涨6.84%，<a href=\"https://laohu8.com/S/02473\">喜相逢集团</a>（02473）涨3.37%，<a href=\"https://laohu8.com/S/06651\">五一视界</a>（06651）涨3.17%，<a href=\"https://laohu8.com/S/601633\">长城汽车</a>（02333）涨2.60%，<a href=\"https://laohu8.com/S/601238\">广汽集团</a>（02238）涨2.55%，<a href=\"https://laohu8.com/S/01211\">比亚迪股份</a>（01211）涨1.92%，<a href=\"https://laohu8.com/S/02632\">泽景股份</a>（02632）涨1.45%，<a href=\"https://laohu8.com/S/06880\">MOMENTA-W</a>（06880）涨1.11%。</p><p>消息面上，<a href=\"https://laohu8.com/S/06066\">中信建投证券</a>研究指，基于景气度及估值、成长空间这两条投资脉络，当前时间重点提示商用车、摩托车板块及机器人、智驾等物理AI板块的配置机会，前者出海支撑高景气及盈利兑现，且或受益于当前低估值稳健红利风格；后者股价经过近期剧烈回调已处于历史低位，产业趋势及成长空间依旧清晰，建议积极配置已经深入卡位的优质底部α标的。<a href=\"https://laohu8.com/S/601456\">国联民生</a>证券日前表示，国内智驾正从功能普及迈向高阶渗透，2026年智驾平权有望持续加速，15万元以下市场将成为NOA渗透率提升的重要增量。海外市场，<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>FSDV14.3.x持续迭代，累计行驶里程突破100亿英里，叠加AI算力储备与Robotaxi小规模无监督运营，持续引领商业化验证。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.szfiu.com/news/20250110/MmQ2MzI0NzdkYTM0MjU4ODU0NDE5OWM2MjQ0NmE1ZTExMDg1Mjk2Mjc3MDg=.jpg","relate_stocks":{"81211":"比亚迪股份-R","82333":"长城汽车-R","601127":"赛力斯","601238":"广汽集团","601633":"长城汽车","LU0143863784.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"DU\" (USD) ACC","LU0165289439.USD":"HSBC GIF ASIA EX JAPAN EQUITY \"AC\" ACC","SG9999006514.SGD":"United Asia Consumer Fund SGD","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","SG9999015978.USD":"利安颠覆性创新基金A","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","01211":"比亚迪股份","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) 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14:33","market":"hk","language":"zh","title":"港股异动 | 赛力斯(09927.HK)涨近5% 近日获董事、高管及骨干团队增持公司股份","url":"https://stock-news.laohu8.com/highlight/detail?id=2652260571","media":"智通财经","summary":"【港股异动 | 赛力斯(09927.HK)涨近5% 近日获董事、高管及骨干团队增持公司股份】智通财经APP获悉，赛力斯(09927.HK)涨近5%，截至发稿，涨3.33%，报43.48港元，报4328","content":"<html><body><div>\n<div>\n<b>【港股异动 | 赛力斯(09927.HK)涨近5% 近日获董事、高管及骨干团队增持公司股份】</b>智通财经APP获悉，赛力斯(09927.HK)涨近5%，截至发稿，涨3.33%，报43.48港元，报4328.54万港元。                </div>\n</div></body></html>","source":"live_zhitongcaijing","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>港股异动 | 赛力斯(09927.HK)涨近5% 近日获董事、高管及骨干团队增持公司股份</title>\n<style 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href=\"https://www.zhitongcaijing.com/immediately.html?type=ganggu\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"601127":"赛力斯","LU1880383440.USD":"AMUNDI FUNDS CHINA EQUITY \"A2\" (USD) INC","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","09927":"赛力斯","BK1119":"汽车制造商"},"source_url":"https://www.zhitongcaijing.com/immediately.html?type=ganggu","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"2652260571","content_text":"【港股异动 | 赛力斯(09927.HK)涨近5% 近日获董事、高管及骨干团队增持公司股份】智通财经APP获悉，赛力斯(09927.HK)涨近5%，截至发稿，涨3.33%，报43.48港元，报4328.54万港元。","news_type":1,"symbols_score_info":{"601127":1.97,"09927":1.97}},"isVote":1,"tweetType":1,"viewCount":373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":587672526266408,"gmtCreate":1784506156395,"gmtModify":1784508082769,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4143077530680670","idStr":"4143077530680670"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/02513\">$智谱(02513)$</a> 这种垃圾怎么上市的，怎么被吵到现在这样的？","listText":"<a href=\"https://laohu8.com/S/02513\">$智谱(02513)$</a> 这种垃圾怎么上市的，怎么被吵到现在这样的？","text":"$智谱(02513)$ 这种垃圾怎么上市的，怎么被吵到现在这样的？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":2,"link":"https://laohu8.com/post/587672526266408","isVote":1,"tweetType":1,"viewCount":1378,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3462486862768890","authorId":"3462486862768890","name":"winterrain","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3462486862768890","idStr":"3462486862768890"},"content":"一路绿通上的，就是要让二级的韭菜帮着发展国产大模型，大家再给点力","text":"一路绿通上的，就是要让二级的韭菜帮着发展国产大模型，大家再给点力","html":"一路绿通上的，就是要让二级的韭菜帮着发展国产大模型，大家再给点力"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":584245781464256,"gmtCreate":1783669627071,"gmtModify":1783669629223,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4143077530680670","idStr":"4143077530680670"},"themes":[],"title":"","htmlText":"抵不过花贼对你们的蚕食，脱离花贼才能自己强大，智驾只是你的配件，你的供应商而已！","listText":"抵不过花贼对你们的蚕食，脱离花贼才能自己强大，智驾只是你的配件，你的供应商而已！","text":"抵不过花贼对你们的蚕食，脱离花贼才能自己强大，智驾只是你的配件，你的供应商而已！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/584245781464256","repostId":"2649089999","repostType":2,"repost":{"id":"2649089999","kind":"news","pubTimestamp":1783517280,"share":"https://www.laohunote.com/m/news/2649089999?lang=zh_CN&edition=full","pubTime":"2026-07-08 21:28","market":"sh","language":"zh","title":"赛力斯：2026年预计研发投入仍将超过百亿元","url":"https://stock-news.laohu8.com/highlight/detail?id=2649089999","media":"证券日报","summary":"证券日报网7月8日讯，赛力斯在接受调研者提问时表示，作为一家技术科技型企业，公司以自主创新夯实技术底座，以融合创新实现能力跃升，持续构建面向未来的竞争力，2026年预计研发投入仍将超过百亿元。公司研发投入主要投向大单品打造、平台化建设及创新业务等关键领域。大单品打造方面，公司将不断夯实当前的产品矩阵，并在坚持高端定位的前提下，拓展多元品类和价格带。","content":"<div>\n<p>证券日报网7月8日讯 ，赛力斯在接受调研者提问时表示，作为一家技术科技型企业，公司以自主创新夯实技术底座，以融合创新实现能力跃升，持续构建面向未来的竞争力，2026年预计研发投入仍将超过百亿元。公司研发投入主要投向大单品打造、平台化建设及创新业务等关键领域。大单品打造方面，公司将不断夯实当前的产品矩阵，并在坚持高端定位的前提下，拓展多元品类和价格带。平台化建设方面，公司的魔方技术平台不断进阶，能够...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202607083798681062.html\">网页链接</a>\n\n</div>\n","source":"stock_eastmoney","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" 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href=\"http://finance.eastmoney.com/a/202607083798676459.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"601127":"赛力斯","BK1119":"汽车制造商","LU1880383440.USD":"AMUNDI FUNDS CHINA EQUITY \"A2\" (USD) INC","09927":"赛力斯","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)"},"source_url":"http://finance.eastmoney.com/a/202607083798676459.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2649707999","content_text":"证券日报网7月8日讯 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加仓20万股，一个月翻翻！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/580476682649904","isVote":1,"tweetType":1,"viewCount":871,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":580258558109096,"gmtCreate":1782694853373,"gmtModify":1782697053421,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4143077530680670","idStr":"4143077530680670"},"themes":[],"title":"","htmlText":"华伪请的狗太多了","listText":"华伪请的狗太多了","text":"华伪请的狗太多了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/580258558109096","repostId":"2647834972","repostType":2,"repost":{"id":"2647834972","kind":"news","pubTimestamp":1782665460,"share":"https://www.laohunote.com/m/news/2647834972?lang=zh_CN&edition=full","pubTime":"2026-06-29 00:51","market":"hk","language":"zh","title":"广州一民办高校深夜再回应禁止小米汽车入校：校园车辆管理一视同仁，与品牌无关","url":"https://stock-news.laohu8.com/highlight/detail?id=2647834972","media":"江西都市现场","summary":"近日，一位小米车主发布视频，反映广州华立学院禁止小米汽车进入校园，引发网友热议。广州一民办高校深夜再回应禁止小米汽车入校：校园车辆管理一视同仁，与品牌无关，并提供教师小米汽车进出记录，涉事保安言论不实正在调查","content":"<html><body><p>近日，一位<a href=\"https://laohu8.com/S/XIACY\">小米</a>车主发布视频，反映广州华立学院禁止<a href=\"https://laohu8.com/S/01810\">小米</a>汽车进入校园，引发网友热议。6月28日深夜11点，该学院校长助理林海接受了都市现场记者的采访，再次进行回应。</p><p><img src=\"https://x0.ifengimg.com/res/2026/97A3FF36E8F6C16A6C5340DDADC97EAAB01587A5_size311_w447_h573.png\"/></p><p>6月28日中午12点，都市现场记者致电广州华立学院广州增城校区保卫处。一位保安回应：学校从去年起已明确禁止<a href=\"https://laohu8.com/S/81810\">小米</a>汽车入校，该规定由校领导通知执行。其他外来车辆只要提前预约备案均可进入，唯独小米车不在允许之列。</p><p>至于为何有此规定，这位保安人员表示并不清楚，他们只是按上级规定对外来小米车辆进行劝离。</p><p><img src=\"https://x0.ifengimg.com/res/2026/76AD526CD0EF9D7B00C127EAB61CCEB7796033DD_size421_w529_h771.png\"/></p><p>6月28日晚23点，广州华立学院校长助理林海向都市现场记者介绍，此前保安所说言论并不属实，学校从未针对任何品牌车辆设置入校的限制，并会对这名保安进行调查。</p><p><img src=\"https://x0.ifengimg.com/res/2026/F7893E3A034C5D94A7583E68DF6EA5B75BC6B34F_size644_w1080_h547.png\"/></p><p>据校长助理林海介绍，校园车流量较大，依据校园车辆管理规定，所有外来车辆均须凭码入校，并提前报备，这个规定与车辆品牌无关。</p><p><img src=\"https://x0.ifengimg.com/res/2026/A5C2410711A2FF2CEAC7425B9F42C95EB529A7E7_size677_w1080_h543.png\"/></p><p>校方还向记者提供了近几天小米汽车进出校园的监控视频。他表示，视频里的这些小米汽车全是学校老师的，校外的小米汽车经过报备也是可以进入的。“出入记录都清清楚楚，我们都能允许教职工的车进入，为何不允许校外的小米车进入呢？”林海向记者说道。</p><p><img src=\"https://x0.ifengimg.com/res/2026/20D5984C58C07D019BF275EF6381CC2CC79F06A5_size664_w1080_h542.png\"/></p><p>（图片来源于校方提供的监控视频截图）</p><p>由于近几天车辆流量较大，校外小米汽车进入校园停放的情况，校方还在逐一进行排查。</p><p>6月28日晚上11:30，广州华立学院就此事发布了声明。</p><p><img src=\"https://x0.ifengimg.com/res/2026/D3A7874D932B47E8E5A3ABA8B283C0E4FC6F7637_size77_w782_h991.jpg\"/></p><p>原标题：广州一民办高校深夜再回应禁止小米汽车入校：校园车辆管理一视同仁，与品牌无关，并提供教师小米汽车进出记录，涉事保安言论不实正在调查</p></body></html>","source":"fenghuang_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>广州一民办高校深夜再回应禁止小米汽车入校：校园车辆管理一视同仁，与品牌无关</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n广州一民办高校深夜再回应禁止小米汽车入校：校园车辆管理一视同仁，与品牌无关\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-29 00:51 北京时间&nbsp;&nbsp;&nbsp;<a href=https://tech.ifeng.com/c/8uJsP4muP7b><strong>江西都市现场</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>近日，一位小米车主发布视频，反映广州华立学院禁止小米汽车进入校园，引发网友热议。6月28日深夜11点，该学院校长助理林海接受了都市现场记者的采访，再次进行回应。6月28日中午12点，都市现场记者致电广州华立学院广州增城校区保卫处。一位保安回应：学校从去年起已明确禁止小米汽车入校，该规定由校领导通知执行。其他外来车辆只要提前预约备案均可进入，唯独小米车不在允许之列。至于为何有此规定，这位保安人员表示...</p>\n\n<a href=\"https://tech.ifeng.com/c/8uJsP4muP7b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU1808992512.USD":"AB ALL CHINA EQUITY PORTFOLIO \"A\" (USD) ACC","HXXD.SI":"Xiaomi HK SDR 2to1","LU0823040885.USD":"东方汇理新兴市场焦点股票基金","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) ACC","BK1502":"双十一","LU1720050803.USD":"安联全方位中国股票基金","LU0348827113.USD":"ALLIANZ RCM CHINA \"AT\" ACC","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","LU1282648689.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AMG\" (USD) INC","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","LU1868838027.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"8\" (USD) ACC","BK1589":"北水核心资产","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) 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ACC"},"source_url":"https://tech.ifeng.com/c/8uJsP4muP7b","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2647834972","content_text":"近日，一位小米车主发布视频，反映广州华立学院禁止小米汽车进入校园，引发网友热议。6月28日深夜11点，该学院校长助理林海接受了都市现场记者的采访，再次进行回应。6月28日中午12点，都市现场记者致电广州华立学院广州增城校区保卫处。一位保安回应：学校从去年起已明确禁止小米汽车入校，该规定由校领导通知执行。其他外来车辆只要提前预约备案均可进入，唯独小米车不在允许之列。至于为何有此规定，这位保安人员表示并不清楚，他们只是按上级规定对外来小米车辆进行劝离。6月28日晚23点，广州华立学院校长助理林海向都市现场记者介绍，此前保安所说言论并不属实，学校从未针对任何品牌车辆设置入校的限制，并会对这名保安进行调查。据校长助理林海介绍，校园车流量较大，依据校园车辆管理规定，所有外来车辆均须凭码入校，并提前报备，这个规定与车辆品牌无关。校方还向记者提供了近几天小米汽车进出校园的监控视频。他表示，视频里的这些小米汽车全是学校老师的，校外的小米汽车经过报备也是可以进入的。“出入记录都清清楚楚，我们都能允许教职工的车进入，为何不允许校外的小米车进入呢？”林海向记者说道。（图片来源于校方提供的监控视频截图）由于近几天车辆流量较大，校外小米汽车进入校园停放的情况，校方还在逐一进行排查。6月28日晚上11:30，广州华立学院就此事发布了声明。原标题：广州一民办高校深夜再回应禁止小米汽车入校：校园车辆管理一视同仁，与品牌无关，并提供教师小米汽车进出记录，涉事保安言论不实正在调查","news_type":1,"symbols_score_info":{"81810":0.6,"MIUmain":0.6,"XIACY":1.88,"HXXD.SI":0.6,"01810":1.88}},"isVote":1,"tweetType":1,"viewCount":275,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":578945967444240,"gmtCreate":1782353365947,"gmtModify":1782353810706,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4143077530680670","idStr":"4143077530680670"},"themes":[],"title":"","htmlText":"千万别进，割死你，这种垃圾股就等着收割呢","listText":"千万别进，割死你，这种垃圾股就等着收割呢","text":"千万别进，割死你，这种垃圾股就等着收割呢","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/578945967444240","repostId":"2645865395","repostType":2,"repost":{"id":"2645865395","kind":"highlight","pubTimestamp":1782272715,"share":"https://www.laohunote.com/m/news/2645865395?lang=zh_CN&edition=full","pubTime":"2026-06-24 11:45","market":"other","language":"zh","title":"谁把智谱推上了万亿神坛？","url":"https://stock-news.laohu8.com/highlight/detail?id=2645865395","media":"光锥智能","summary":"6月22日，刚上市不到半年的$智谱$开盘暴涨13%，总市值站上1万亿港元。6月17日，智谱科创板IPO辅导状态已正式变更为“辅导验收”。这意味着，智谱距离正式递交A股招股申报材料仅剩一步之遥。选择和幸运打造了万亿市值？去年9月，智谱推出了自家的Coding套餐“GLM Coding Plan”。但在代码能力几乎等同于生产力的当下，智谱靠选择和努力的加成，成为了冲上万亿的AI大模型公司。","content":"<html><head></head><body><p style=\"text-align: left;\">我们正在见证一个AI造富的时代。</p><p style=\"text-align: left;\">6月22日，刚上市不到半年的<a href=\"https://laohu8.com/S/02513\">智谱</a>开盘暴涨13%，总市值站上1万亿港元。虽然“市值体验卡”仅仅一天就到期了，但要知道，智谱这家企业去年初估值才200亿，相当于一年走完传统企业二十年的路。</p><p style=\"text-align: left;\">时间线拉回到10天前，作为“全球大模型第一股”登陆港股的智谱，市值还在5000亿左右。但仅仅七个交易日之后，它的市值翻了一番，相当于两个<a href=\"https://laohu8.com/S/JD\">京东</a>或是三个<a href=\"https://laohu8.com/S/BIDU\">百度</a>的市值。这简直是中国AI史上的“大奇迹周”。</p><p style=\"text-align: left;\">但这场狂欢里最离谱的不是市值数字，而是人。</p><p style=\"text-align: left;\">根据招股书披露的员工持股信息，以员工持股平台之一慧惠持有9.8%股份、426人持股的数据计算，达到了人均近2亿元人民币的水平。这些“亿万富豪们”，可能大多数是90后、95后。</p><p style=\"text-align: left;\">疯狂的七天里，智谱接连打出了两张提振市值的底牌：</p><p style=\"text-align: left;\">模型层面，GLM-5.2正式发布，作为编程跑分超过Claude Opus 4.8的“最强可用模型”，这几天已经被捧为“第二个DeepSeek时刻”，社交媒体到处都能刷到诸如“核爆”、“大招”的评价。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b9303cea7a664313839ad3b9c5fce139\" data-align=\"center\" tg-width=\"1080\" tg-height=\"1065\"/><span></span></p><p style=\"text-align: left;\">图源：小红书</p><p style=\"text-align: left;\">资本层面，智谱推动A股上市的脚步已经加速。6月17日，智谱科创板IPO辅导状态已正式变更为“辅导验收”。这意味着，智谱距离正式递交A股招股申报材料仅剩一步之遥。</p><p style=\"text-align: left;\">5个月前以“全球大模型第一股”的身份登陆港股时，智谱的发行价不过118港元。如今股价突破2380港元，涨幅超过1900%。</p><p style=\"text-align: left;\">半年时间里，实现了“万亿市值”成就的智谱，到底做了什么？</p><h2 style=\"text-align: left;\"><strong>选择和幸运打造了万亿市值？</strong></h2><p style=\"text-align: left;\">智谱半年内的市值蹿升，本质上并不是因为综合实力有多强，而是选择和运气的结果。</p><p style=\"text-align: left;\"><strong>在Coding赛道全面成熟、商业化叙事跑通的背景下，智谱靠方向的选择，成功抢占了Coding市场的一席之地。</strong></p><p style=\"text-align: left;\">“从2025初开始，我们几乎投入全部力量攻关Coding。”智谱在GLM-5.2的发布报告中表示。聚焦到模型上，从GLM-4.5开始，代码能力成为GLM系列优化的重点项。</p><p style=\"text-align: left;\">模型Coding能力提升的同时，智谱对市场的抢占很重要——作为国内第一个推出Coding套餐的AI公司，它靠性价比换得了一部分用户认可。</p><p style=\"text-align: left;\">去年9月，智谱推出了自家的Coding套餐“GLM Coding Plan”。对标两档Claude订阅档次提升3倍用量的同时，价格却只是后者的1/3左右。和一个月后跟进的Kimi Coding相比，后者限定的是单周1024次的API调用次数，套餐价格接近，但远没有智谱的量大。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/28cdaffff398428e92ef3f75de077483\" data-align=\"center\" tg-width=\"1080\" tg-height=\"1083\"/><span></span></p><p style=\"text-align: left;\"><strong>光靠便宜，永远不会成为竞争成功的关键。但智谱的“<a href=\"https://laohu8.com/S/600081\">东风</a>”来了，AI Coding赛道成了。</strong></p><p style=\"text-align: left;\">去年年底开始，AI Coding能力真正迈过了可用的门槛，让程序员可以靠AI不用手打一行代码开始，企业对AI能力需求倍增，支撑起API生意的成立。智谱的套餐虽然涨价，但供应有限的情况下，依然抢得火热。</p><p style=\"text-align: left;\">率先证明B端商业回报的是Anthropic。随后，一直做To B的智谱，甩掉了深度部署的阴影，也成功转型为靠MaaS API收入的健康B端业务模式。智谱靠着“中国版Anthropic”的定位，稀缺的价值得到印证。看好AI的钱，自然更多流向了智谱。</p><p style=\"text-align: left;\"><strong>到今天，GLM-5.2追赶海外顶尖闭源模型故事的讲通，证明了市场对智谱能力的认可。</strong></p><p style=\"text-align: left;\">在GLM-5.2发布前的6月12日，美国商务部以国家安全为由，要求Anthropic立即切断所有外国国民对Claude Fable 5和Mythos 5的访问权限。一天后，智谱宣布GLM-5.2发布，并将面向GLM Coding Plan全量用户开放。</p><p style=\"text-align: left;\"><strong>那么，GLM 5.2到底水平如何？它是一个抓住关键的“偏科”模型，它的定位在接近Claude 4.7-Claude 4.8的范围。</strong></p><p style=\"text-align: left;\">如果真的拿所有测评项来对比Opus 4.8甚至是一众国内顶尖模型，GLM不是一个全能的SOTA模型。以HLE（human last exam，测试AI解决复杂任务的能力）一项为例，它的表现赶不上Opus 4.8和Qwen 3.7-Max。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac720e08073b4425932f3fc13fa71c4f\" data-align=\"center\" tg-width=\"1080\" tg-height=\"411\"/><span></span></p><p style=\"text-align: left;\">但在当前Agent还没有完全走到好用的情况下，Coding仍然是AI打通商业化的最主要路径。GLM 5.2靠编程一项能力的突出，拿下了市场的认可。智谱官方晒出，在Code Arena上，GLM-5.2是全球可用模型第一。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c0e7a516b7764f1391bbd2a0cc20ea50\" data-align=\"center\" tg-width=\"1080\" tg-height=\"1080\"/><span></span></p><p style=\"text-align: left;\">智谱创始人兼首席科学家唐杰回复马斯克的那句“Focus is all we need”，用在智谱身上，聚焦代码，换来了智谱的今天。</p><p style=\"text-align: left;\">从某种意义上说，GLM更准确的定位是一个“偏科生”，它极度突出了代码能力。但在代码能力几乎等同于生产力的当下，智谱靠选择和努力的加成，成为了冲上万亿的AI大模型公司。</p><h2 style=\"text-align: left;\"><strong>当“市梦率”成为市值</strong></h2><p style=\"text-align: left;\">认可智谱成功的同时，我们依然会被其夸张的估值倍数所震撼。</p><p style=\"text-align: left;\">一个人人都知道贵得离谱的东西，为什么还有人在买？而且越买越贵。</p><p style=\"text-align: left;\">不妨把智谱与它对标的Anthropic放在一起对比：</p><p style=\"text-align: left;\">据一季度财报，智谱在2025年全年实现了总收入7.24亿元人民币，同比增长高达131.9%，证明了B端业务的收入增长潜力。</p><p style=\"text-align: left;\">但和Anthropic的收入和增势对比，后者的表现显然更亮眼。据The Information报道，Anthropic在2025年凭借着Claude系列的爆发，全年收入达到45亿美元，同比增长更是达到12倍。</p><p style=\"text-align: left;\"><strong>如果按照市销率（PS）来计算两家公司的估值，智谱已经膨胀到了一个难以被理解的范围内：</strong></p><p style=\"text-align: left;\">最近一轮硅谷巨头的疯狂抢筹中，Anthropic的估值被推高到了约9650亿美元，以年化收入400亿美元的数据来估算，Anthropic目前的PS值为22倍左右。万亿市值的智谱，以智谱MaaS API 年化收入2.5亿美元（折合人民币约为16.9亿元）计算，PS值为591倍。</p><p style=\"text-align: left;\">算完这笔账，AI的“市梦率”名不虚传。</p><p style=\"text-align: left;\">一个人人都能看出问题的数值，但偏偏就有人愿意踩在这个风口上。</p><p style=\"text-align: left;\"><strong>一方面，有价值的AI公司标的太稀缺，造成了市场的疯抢。</strong>在港股目前只有MiniMax和智谱两家AI大模型创企的入驻下，相信<a href=\"https://laohu8.com/S/AGBK\">AGI</a>叙事的用户，想要找一家掌握底层大模型核心技术、且有实际商业化落地的公司，屈指可数。在“没得选”的困境下，只要有一线可能成长为中国版Anthropic的火种，资金都会不计成本地涌入。</p><p style=\"text-align: left;\"><strong>另一方面，Anthropic已经用收入翻倍增长的叙事，给自己的高估值“消泡”，而同样的可能也会发生在智谱身上。</strong></p><p style=\"text-align: left;\">把时间拉回2025年年底，以2024年初年化收入8700万美元、同年2月估值185亿美元计算，Anthropic的PS值高达212倍，再和现在20倍左右的情况对比，Anthropic已经证明了自己的估值合理性。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d634c283e75048c59d3bb764ab11c7a6\" data-align=\"center\" tg-width=\"836\" tg-height=\"481\"/><span></span></p><p style=\"text-align: left;\"><strong>随着GLM-5.2在长文本和Coding领域的持续破圈，智谱的API调用量和订阅收入完全有可能迎来自己的拐点。</strong></p><p style=\"text-align: left;\">以一季度MaaS平台年化收入翻倍20倍、API价格上涨80%以上的情况下，调用量同比增长400%的情况推测，智谱已经在一季度证明一件事：当模型能力足够让用户满意的情况下，模型公司拥有对AI溢价的空间。</p><p style=\"text-align: left;\">只要增长的引擎不熄火，看似荒诞的泡沫，都可能是明天那座伟大商业<a href=\"https://laohu8.com/S/00776\">帝国</a>的坚实基石。</p><p style=\"text-align: left;\">但这同样意味着，市值的“幸运儿”必须基于增长一直快下去的假设。一旦某个时期增速下滑，之前的叙事就会立刻“翻脸”。因为在万亿级别的估值高度上，市场根本不会给任何的容错率。</p><p style=\"text-align: left;\"><strong>所以所有人都在赌，赌智谱的增长能持续。清醒的人并非看不到荒诞，只是别无选择。</strong></p><p style=\"text-align: left;\">而这，恰恰是这个时代最昂贵的入场券。</p><h2 style=\"text-align: left;\"><strong>科技轮流更替投资者永远满怀期待</strong></h2><p style=\"text-align: left;\">在每次科技革新的时代前夜，人类总是会给“想象”估算一个难以承受的价格。</p><p style=\"text-align: left;\">与巴菲特齐名的邓普顿爵士，一再警告“这次不一样”是投资史上最昂贵的几个字。<strong>但警告归警告，每一轮新技术的聚光灯亮起，投资者们依然会打开钱包——永远满怀期待，永远在退潮时热泪盈眶。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d3b4f51dbb644d83995afd60dbfda55c\" data-align=\"center\" tg-width=\"360\" tg-height=\"345\"/><span></span></p><p style=\"text-align: left;\">世纪之交的互联网泡沫，就是上一轮科技浪潮最经典的教材。当时，市场对科技公司的期待高到离谱。无数公司还没盈利、甚至还没产品，就被赋予了改变世界的估值。纳斯达克指数五年涨了五倍，这些公司市销率动辄上百倍。</p><p style=\"text-align: left;\">可当泡沫真正破裂，指数两年内跌去近八成，无数公司灰飞烟灭之后，真正改变人类生活方式的互联网基础设施才彻底确立。正如熊彼特所说，创造性破坏从来都是残酷的。科技要真正重塑一个时代，必然要经历泡沫的破裂与资源的重新分配。</p><p style=\"text-align: left;\">只是，今天中国资本市场对硬科技的追捧，与当时几乎一模一样。</p><p style=\"text-align: left;\">在国产AI芯片自立的叙事里，<a href=\"https://laohu8.com/S/688256\">寒武纪</a>市值一度站上六千亿，一度比肩<a href=\"https://laohu8.com/S/600519\">贵州茅台</a>。投资者们可以忍受长达五年的成长周期，仅靠热情就把公司估值推到云端。而这家被市场称为“中国<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>”的公司，当时肩负着跟智谱相似的“使命”——在各自赛道里扛起“中国版”的旗帜，承载着政策、资本和民族情绪的多重期待。</p><p style=\"text-align: left;\">中国科技投资者的心态，远比表面复杂。</p><p style=\"text-align: left;\">一方面，我们太想证明自己了。我们相信技术能带来奇迹，所以愿意相信“这次可能真的不一样”。可另一方面，投资者们又太清楚泡沫必然破裂。智谱在国内友商里，无论是具体业务还是技术能力，确实具备相对稀缺性。但客观上，所有人也都知道，智谱又不能完全跟OpenAI和Anthropic这些国际顶流选手正面PK。而且，当这两家公司真正上市的时候，全球AI资本的流动性大概率会被大幅抽干。</p><p style=\"text-align: left;\">可就算知道这些，又怎么样呢？</p><p style=\"text-align: left;\"><strong>所有人都做好了这是一场击鼓传花的心理准备，但每个人都不得不相信，自己不是最后一棒。</strong></p><p style=\"text-align: left;\">凯恩斯在九十年前就把这种困境写透了。他说，股市就像一场选美比赛，你要选的不是自己心中最美的那张脸，而是你猜其他人会觉得最美的那张脸。索罗斯的说法则更加不留情面：世界经济史是一部基于假象和谎言的连续剧，获得财富的要诀，是在假象被公众认识之前退出游戏。</p><p style=\"text-align: left;\">清醒的人并非看不到荒诞。他们只是在荒诞中，不得不下注。</p><p style=\"text-align: left;\">但是从更长的时间尺度看，AI正在把全人类带向下一个科技时代，而中国的科技水平也已经在崛起。旧的定价体系必然会被打破，新的价值会在阵痛中诞生。</p><p style=\"text-align: left;\">或许，智谱的万亿市值，只是中国AI浪潮里的一个切面。它疯狂，但疯狂里藏着对技术主权的渴望；它脆弱，但脆弱也可能是资源窗口的另一面。</p><p style=\"text-align: left;\">但无论如何，中国的科技成长故事才刚刚开始。真正决定智谱、也决定中国AI下一章的，不是今天的股价，而是两年后、五年后，我们是否把这份信仰和资本，真正转化成护城河。</p></body></html>","source":"lsy1628751197130","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>谁把智谱推上了万亿神坛？</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n谁把智谱推上了万亿神坛？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-24 11:45 北京时间&nbsp;&nbsp;&nbsp;<a href=https://mp.weixin.qq.com/s/0rWjCKVMMeOpkbTfxJz6BA><strong>光锥智能</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>我们正在见证一个AI造富的时代。6月22日，刚上市不到半年的智谱开盘暴涨13%，总市值站上1万亿港元。虽然“市值体验卡”仅仅一天就到期了，但要知道，智谱这家企业去年初估值才200亿，相当于一年走完传统企业二十年的路。时间线拉回到10天前，作为“全球大模型第一股”登陆港股的智谱，市值还在5000亿左右。但仅仅七个交易日之后，它的市值翻了一番，相当于两个京东或是三个百度的市值。这简直是中国AI史上的“...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/0rWjCKVMMeOpkbTfxJz6BA\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/721cf10d6daa54230a462140358e3eb5","relate_stocks":{"02513":"智谱"},"source_url":"https://mp.weixin.qq.com/s/0rWjCKVMMeOpkbTfxJz6BA","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2645865395","content_text":"我们正在见证一个AI造富的时代。6月22日，刚上市不到半年的智谱开盘暴涨13%，总市值站上1万亿港元。虽然“市值体验卡”仅仅一天就到期了，但要知道，智谱这家企业去年初估值才200亿，相当于一年走完传统企业二十年的路。时间线拉回到10天前，作为“全球大模型第一股”登陆港股的智谱，市值还在5000亿左右。但仅仅七个交易日之后，它的市值翻了一番，相当于两个京东或是三个百度的市值。这简直是中国AI史上的“大奇迹周”。但这场狂欢里最离谱的不是市值数字，而是人。根据招股书披露的员工持股信息，以员工持股平台之一慧惠持有9.8%股份、426人持股的数据计算，达到了人均近2亿元人民币的水平。这些“亿万富豪们”，可能大多数是90后、95后。疯狂的七天里，智谱接连打出了两张提振市值的底牌：模型层面，GLM-5.2正式发布，作为编程跑分超过Claude Opus 4.8的“最强可用模型”，这几天已经被捧为“第二个DeepSeek时刻”，社交媒体到处都能刷到诸如“核爆”、“大招”的评价。图源：小红书资本层面，智谱推动A股上市的脚步已经加速。6月17日，智谱科创板IPO辅导状态已正式变更为“辅导验收”。这意味着，智谱距离正式递交A股招股申报材料仅剩一步之遥。5个月前以“全球大模型第一股”的身份登陆港股时，智谱的发行价不过118港元。如今股价突破2380港元，涨幅超过1900%。半年时间里，实现了“万亿市值”成就的智谱，到底做了什么？选择和幸运打造了万亿市值？智谱半年内的市值蹿升，本质上并不是因为综合实力有多强，而是选择和运气的结果。在Coding赛道全面成熟、商业化叙事跑通的背景下，智谱靠方向的选择，成功抢占了Coding市场的一席之地。“从2025初开始，我们几乎投入全部力量攻关Coding。”智谱在GLM-5.2的发布报告中表示。聚焦到模型上，从GLM-4.5开始，代码能力成为GLM系列优化的重点项。模型Coding能力提升的同时，智谱对市场的抢占很重要——作为国内第一个推出Coding套餐的AI公司，它靠性价比换得了一部分用户认可。去年9月，智谱推出了自家的Coding套餐“GLM Coding Plan”。对标两档Claude订阅档次提升3倍用量的同时，价格却只是后者的1/3左右。和一个月后跟进的Kimi Coding相比，后者限定的是单周1024次的API调用次数，套餐价格接近，但远没有智谱的量大。光靠便宜，永远不会成为竞争成功的关键。但智谱的“东风”来了，AI Coding赛道成了。去年年底开始，AI Coding能力真正迈过了可用的门槛，让程序员可以靠AI不用手打一行代码开始，企业对AI能力需求倍增，支撑起API生意的成立。智谱的套餐虽然涨价，但供应有限的情况下，依然抢得火热。率先证明B端商业回报的是Anthropic。随后，一直做To B的智谱，甩掉了深度部署的阴影，也成功转型为靠MaaS API收入的健康B端业务模式。智谱靠着“中国版Anthropic”的定位，稀缺的价值得到印证。看好AI的钱，自然更多流向了智谱。到今天，GLM-5.2追赶海外顶尖闭源模型故事的讲通，证明了市场对智谱能力的认可。在GLM-5.2发布前的6月12日，美国商务部以国家安全为由，要求Anthropic立即切断所有外国国民对Claude Fable 5和Mythos 5的访问权限。一天后，智谱宣布GLM-5.2发布，并将面向GLM Coding Plan全量用户开放。那么，GLM 5.2到底水平如何？它是一个抓住关键的“偏科”模型，它的定位在接近Claude 4.7-Claude 4.8的范围。如果真的拿所有测评项来对比Opus 4.8甚至是一众国内顶尖模型，GLM不是一个全能的SOTA模型。以HLE（human last exam，测试AI解决复杂任务的能力）一项为例，它的表现赶不上Opus 4.8和Qwen 3.7-Max。但在当前Agent还没有完全走到好用的情况下，Coding仍然是AI打通商业化的最主要路径。GLM 5.2靠编程一项能力的突出，拿下了市场的认可。智谱官方晒出，在Code Arena上，GLM-5.2是全球可用模型第一。智谱创始人兼首席科学家唐杰回复马斯克的那句“Focus is all we need”，用在智谱身上，聚焦代码，换来了智谱的今天。从某种意义上说，GLM更准确的定位是一个“偏科生”，它极度突出了代码能力。但在代码能力几乎等同于生产力的当下，智谱靠选择和努力的加成，成为了冲上万亿的AI大模型公司。当“市梦率”成为市值认可智谱成功的同时，我们依然会被其夸张的估值倍数所震撼。一个人人都知道贵得离谱的东西，为什么还有人在买？而且越买越贵。不妨把智谱与它对标的Anthropic放在一起对比：据一季度财报，智谱在2025年全年实现了总收入7.24亿元人民币，同比增长高达131.9%，证明了B端业务的收入增长潜力。但和Anthropic的收入和增势对比，后者的表现显然更亮眼。据The Information报道，Anthropic在2025年凭借着Claude系列的爆发，全年收入达到45亿美元，同比增长更是达到12倍。如果按照市销率（PS）来计算两家公司的估值，智谱已经膨胀到了一个难以被理解的范围内：最近一轮硅谷巨头的疯狂抢筹中，Anthropic的估值被推高到了约9650亿美元，以年化收入400亿美元的数据来估算，Anthropic目前的PS值为22倍左右。万亿市值的智谱，以智谱MaaS API 年化收入2.5亿美元（折合人民币约为16.9亿元）计算，PS值为591倍。算完这笔账，AI的“市梦率”名不虚传。一个人人都能看出问题的数值，但偏偏就有人愿意踩在这个风口上。一方面，有价值的AI公司标的太稀缺，造成了市场的疯抢。在港股目前只有MiniMax和智谱两家AI大模型创企的入驻下，相信AGI叙事的用户，想要找一家掌握底层大模型核心技术、且有实际商业化落地的公司，屈指可数。在“没得选”的困境下，只要有一线可能成长为中国版Anthropic的火种，资金都会不计成本地涌入。另一方面，Anthropic已经用收入翻倍增长的叙事，给自己的高估值“消泡”，而同样的可能也会发生在智谱身上。把时间拉回2025年年底，以2024年初年化收入8700万美元、同年2月估值185亿美元计算，Anthropic的PS值高达212倍，再和现在20倍左右的情况对比，Anthropic已经证明了自己的估值合理性。随着GLM-5.2在长文本和Coding领域的持续破圈，智谱的API调用量和订阅收入完全有可能迎来自己的拐点。以一季度MaaS平台年化收入翻倍20倍、API价格上涨80%以上的情况下，调用量同比增长400%的情况推测，智谱已经在一季度证明一件事：当模型能力足够让用户满意的情况下，模型公司拥有对AI溢价的空间。只要增长的引擎不熄火，看似荒诞的泡沫，都可能是明天那座伟大商业帝国的坚实基石。但这同样意味着，市值的“幸运儿”必须基于增长一直快下去的假设。一旦某个时期增速下滑，之前的叙事就会立刻“翻脸”。因为在万亿级别的估值高度上，市场根本不会给任何的容错率。所以所有人都在赌，赌智谱的增长能持续。清醒的人并非看不到荒诞，只是别无选择。而这，恰恰是这个时代最昂贵的入场券。科技轮流更替投资者永远满怀期待在每次科技革新的时代前夜，人类总是会给“想象”估算一个难以承受的价格。与巴菲特齐名的邓普顿爵士，一再警告“这次不一样”是投资史上最昂贵的几个字。但警告归警告，每一轮新技术的聚光灯亮起，投资者们依然会打开钱包——永远满怀期待，永远在退潮时热泪盈眶。世纪之交的互联网泡沫，就是上一轮科技浪潮最经典的教材。当时，市场对科技公司的期待高到离谱。无数公司还没盈利、甚至还没产品，就被赋予了改变世界的估值。纳斯达克指数五年涨了五倍，这些公司市销率动辄上百倍。可当泡沫真正破裂，指数两年内跌去近八成，无数公司灰飞烟灭之后，真正改变人类生活方式的互联网基础设施才彻底确立。正如熊彼特所说，创造性破坏从来都是残酷的。科技要真正重塑一个时代，必然要经历泡沫的破裂与资源的重新分配。只是，今天中国资本市场对硬科技的追捧，与当时几乎一模一样。在国产AI芯片自立的叙事里，寒武纪市值一度站上六千亿，一度比肩贵州茅台。投资者们可以忍受长达五年的成长周期，仅靠热情就把公司估值推到云端。而这家被市场称为“中国英伟达”的公司，当时肩负着跟智谱相似的“使命”——在各自赛道里扛起“中国版”的旗帜，承载着政策、资本和民族情绪的多重期待。中国科技投资者的心态，远比表面复杂。一方面，我们太想证明自己了。我们相信技术能带来奇迹，所以愿意相信“这次可能真的不一样”。可另一方面，投资者们又太清楚泡沫必然破裂。智谱在国内友商里，无论是具体业务还是技术能力，确实具备相对稀缺性。但客观上，所有人也都知道，智谱又不能完全跟OpenAI和Anthropic这些国际顶流选手正面PK。而且，当这两家公司真正上市的时候，全球AI资本的流动性大概率会被大幅抽干。可就算知道这些，又怎么样呢？所有人都做好了这是一场击鼓传花的心理准备，但每个人都不得不相信，自己不是最后一棒。凯恩斯在九十年前就把这种困境写透了。他说，股市就像一场选美比赛，你要选的不是自己心中最美的那张脸，而是你猜其他人会觉得最美的那张脸。索罗斯的说法则更加不留情面：世界经济史是一部基于假象和谎言的连续剧，获得财富的要诀，是在假象被公众认识之前退出游戏。清醒的人并非看不到荒诞。他们只是在荒诞中，不得不下注。但是从更长的时间尺度看，AI正在把全人类带向下一个科技时代，而中国的科技水平也已经在崛起。旧的定价体系必然会被打破，新的价值会在阵痛中诞生。或许，智谱的万亿市值，只是中国AI浪潮里的一个切面。它疯狂，但疯狂里藏着对技术主权的渴望；它脆弱，但脆弱也可能是资源窗口的另一面。但无论如何，中国的科技成长故事才刚刚开始。真正决定智谱、也决定中国AI下一章的，不是今天的股价，而是两年后、五年后，我们是否把这份信仰和资本，真正转化成护城河。","news_type":1,"symbols_score_info":{"02513":2}},"isVote":1,"tweetType":1,"viewCount":366,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":574309769237080,"gmtCreate":1781226223234,"gmtModify":1781228903578,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4143077530680670","idStr":"4143077530680670"},"themes":[],"title":"","htmlText":"肯定有花贼 AI TO汽车","listText":"肯定有花贼 AI TO汽车","text":"肯定有花贼 AI TO汽车","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/574309769237080","repostId":"1188316607","repostType":2,"repost":{"id":"1188316607","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1781176634,"share":"https://www.laohunote.com/m/news/1188316607?lang=zh_CN&edition=full","pubTime":"2026-06-11 19:17","market":"sh","language":"zh","title":"两部门约谈提醒涉嫌非理性竞争汽车生产企业","url":"https://stock-news.laohu8.com/highlight/detail?id=1188316607","media":"老虎资讯综合","summary":"6月11日，工业和信息化部、市场监管总局对涉嫌存在非理性竞争行为的汽车生产企业进行约谈提醒，要求企业严格遵守《中华人民共和国价格法》《关于制止低价倾销行为的规定》等法律法规规章，按照《汽车行业价格行为合规指南》要求，加强价格合规建设，强化产品质量管控，切实保护消费者合法权益，共同维护优质优价、良性竞争的市场秩序。","content":"<html><head></head><body><p>6月11日，工业和信息化部、市场监管总局对涉嫌存在非理性竞争行为的汽车生产企业进行约谈提醒，要求企业严格遵守《中华人民共和国价格法》《关于制止低价倾销行为的规定》等法律法规规章，按照《汽车行业价格行为合规指南》要求，加强价格合规建设，强化产品质量管控，切实保护消费者合法权益，共同维护优质优价、良性竞争的市场秩序。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/17dfc1d5640ad38f17da2dada0f19262\" tg-width=\"1059\" tg-height=\"684\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" 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.h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n两部门约谈提醒涉嫌非理性竞争汽车生产企业\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2026-06-11 19:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>6月11日，工业和信息化部、市场监管总局对涉嫌存在非理性竞争行为的汽车生产企业进行约谈提醒，要求企业严格遵守《中华人民共和国价格法》《关于制止低价倾销行为的规定》等法律法规规章，按照《汽车行业价格行为合规指南》要求，加强价格合规建设，强化产品质量管控，切实保护消费者合法权益，共同维护优质优价、良性竞争的市场秩序。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/17dfc1d5640ad38f17da2dada0f19262\" tg-width=\"1059\" tg-height=\"684\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a530a2a17bc301499c9e286759c5657e","relate_stocks":{"09868":"小鹏集团-W","LI":"理想汽车","XPEG":"2倍做多XPEV ETF-Leverage Shares","NIO":"蔚来","NIOG":"2倍做多NIO ETF-Leverage Shares","02015":"理想汽车-W","XPEV":"小鹏集团","09866":"蔚来-SW","XIACY":"小米集团ADR","01810":"小米集团-W"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188316607","content_text":"6月11日，工业和信息化部、市场监管总局对涉嫌存在非理性竞争行为的汽车生产企业进行约谈提醒，要求企业严格遵守《中华人民共和国价格法》《关于制止低价倾销行为的规定》等法律法规规章，按照《汽车行业价格行为合规指南》要求，加强价格合规建设，强化产品质量管控，切实保护消费者合法权益，共同维护优质优价、良性竞争的市场秩序。","news_type":1,"symbols_score_info":{"NIOG":0.6,"LI":2,"XIACY":2,"01810":2,"XPEV":2,"XPEG":0.6,"09868":2,"NIO":2,"02015":2,"09866":2}},"isVote":1,"tweetType":1,"viewCount":634,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":566635807797376,"gmtCreate":1779373230817,"gmtModify":1779373233450,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4143077530680670","idStr":"4143077530680670"},"themes":[],"title":"","htmlText":"问界这种贴赛车，二手能卖出去吗","listText":"问界这种贴赛车，二手能卖出去吗","text":"问界这种贴赛车，二手能卖出去吗","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/566635807797376","repostId":"2637805704","repostType":2,"repost":{"id":"2637805704","kind":"news","pubTimestamp":1779331293,"share":"https://www.laohunote.com/m/news/2637805704?lang=zh_CN&edition=full","pubTime":"2026-05-21 10:41","market":"sh","language":"zh","title":"杰兰路发布4月新能源保值率：问界实力登顶 小米第二","url":"https://stock-news.laohu8.com/highlight/detail?id=2637805704","media":"快科技","summary":"快科技5月21日消息，今日，杰兰路正式发布《2026年4月新能源二手车价格与保值率观察》报告，聚焦售价15万元以上主流品牌，明确保值率为二手车成交价与新车成交价的比值。数据显示，问界以82.7%的保值率登顶4月榜单，小米、理想紧随其后，头部品牌保值率差距较小。从核心数据来看，4月新能源品牌保值率呈现明显梯队分化。对比2-4月数据，头部品牌保值率走势分化。","content":"<html><body><p>快科技5月21日消息，今日，杰兰路正式发布《2026年4月新能源二手车价格与保值率观察》报告，聚焦售价15万元以上主流品牌，明确保值率为二手车成交价与新车成交价的比值。</p><p>数据显示，问界以82.7%的保值率登顶4月榜单，<a href=\"https://laohu8.com/S/XIACY\">小米</a>、<a href=\"https://laohu8.com/S/LI\">理想</a>紧随其后，头部品牌保值率差距较小。</p><p>从核心数据来看，4月新能源品牌保值率呈现明显梯队分化。</p><p>第一梯队中，问界82.7%位居首位，<a href=\"https://laohu8.com/S/01810\">小米</a>以81.4%排第二，理想81.2%位列第三，<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>、乐道分别为80.9%、80.7%，均维持在80%以上。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>第二梯队为方程豹、宝马、奔驰等，保值率集中在72%-78%；小鹏、<a href=\"https://laohu8.com/S/ZK\">极氪</a>、智己等品牌保值率在70%-73%区间；<a href=\"https://laohu8.com/S/NIO\">蔚来</a>、岚图等则低于65%。</p><p>对比2-4月数据，头部品牌保值率走势分化。</p><p>问界连续三个月上涨，从74.7%升至82.7%；<a href=\"https://laohu8.com/S/81810\">小米</a>2月为75.8%，3月微降至75.7%，4月大幅回升至81.4%。</p><p>特斯拉则连续两月下滑，从83.9%降至80.9%。</p><p>新车型入市成为重要影响因素，问界M8、小米YU7、理想i6等新车型陆续进入二手车市场，推动品牌保值率上行。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>此外，报告同步发布二手车“<a href=\"https://laohu8.com/S/300785\">值得买</a>”指数，数值越高代表二手车价格优势越显著。</p><p>4月岚图与奥迪该指数均达148%，并列最高；享界、阿维塔、智己也处于高位。</p><p>而理想、问界、小米等因保值率高、新车价格稳定，指数偏低，二手车价格优势较弱。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p></body></html>","source":"ifeng_tech","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>杰兰路发布4月新能源保值率：问界实力登顶 小米第二</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ 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hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n杰兰路发布4月新能源保值率：问界实力登顶 小米第二\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-21 10:41 北京时间&nbsp;&nbsp;&nbsp;<a href=https://tech.ifeng.com/c/8tIrtr8aHDn><strong>快科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>快科技5月21日消息，今日，杰兰路正式发布《2026年4月新能源二手车价格与保值率观察》报告，聚焦售价15万元以上主流品牌，明确保值率为二手车成交价与新车成交价的比值。数据显示，问界以82.7%的保值率登顶4月榜单，小米、理想紧随其后，头部品牌保值率差距较小。从核心数据来看，4月新能源品牌保值率呈现明显梯队分化。第一梯队中，问界82.7%位居首位，小米以81.4%排第二，理想81.2%位列第三，...</p>\n\n<a href=\"https://tech.ifeng.com/c/8tIrtr8aHDn\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","HXXD.SI":"Xiaomi HK SDR 2to1","LU0314109678.HKD":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","LU0051755006.USD":"摩根大通中国A (dist)","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","BK1575":"同股不同权","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","LU0449509016.USD":"HSBC GIF BRIC EQUITY \"AC\" (USD) ACC","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU0210526637.USD":"JPM CHINA \"A\" (USD) 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ACC"},"source_url":"https://tech.ifeng.com/c/8tIrtr8aHDn","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2637805704","content_text":"快科技5月21日消息，今日，杰兰路正式发布《2026年4月新能源二手车价格与保值率观察》报告，聚焦售价15万元以上主流品牌，明确保值率为二手车成交价与新车成交价的比值。数据显示，问界以82.7%的保值率登顶4月榜单，小米、理想紧随其后，头部品牌保值率差距较小。从核心数据来看，4月新能源品牌保值率呈现明显梯队分化。第一梯队中，问界82.7%位居首位，小米以81.4%排第二，理想81.2%位列第三，特斯拉、乐道分别为80.9%、80.7%，均维持在80%以上。第二梯队为方程豹、宝马、奔驰等，保值率集中在72%-78%；小鹏、极氪、智己等品牌保值率在70%-73%区间；蔚来、岚图等则低于65%。对比2-4月数据，头部品牌保值率走势分化。问界连续三个月上涨，从74.7%升至82.7%；小米2月为75.8%，3月微降至75.7%，4月大幅回升至81.4%。特斯拉则连续两月下滑，从83.9%降至80.9%。新车型入市成为重要影响因素，问界M8、小米YU7、理想i6等新车型陆续进入二手车市场，推动品牌保值率上行。此外，报告同步发布二手车“值得买”指数，数值越高代表二手车价格优势越显著。4月岚图与奥迪该指数均达148%，并列最高；享界、阿维塔、智己也处于高位。而理想、问界、小米等因保值率高、新车价格稳定，指数偏低，二手车价格优势较弱。","news_type":1,"symbols_score_info":{"81810":0.6,"LI":1.85,"MIUmain":0.6,"TSLA":1.84,"02015":1.85,"HXXD.SI":0.6,"XIACY":1.9,"01810":1.9}},"isVote":1,"tweetType":1,"viewCount":634,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":563622120166072,"gmtCreate":1778637366396,"gmtModify":1778637368918,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4143077530680670","idStr":"4143077530680670"},"themes":[],"title":"","htmlText":"很多华伪请的狗媒体","listText":"很多华伪请的狗媒体","text":"很多华伪请的狗媒体","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/563622120166072","repostId":"2635922410","repostType":2,"repost":{"id":"2635922410","kind":"news","pubTimestamp":1778630400,"share":"https://www.laohunote.com/m/news/2635922410?lang=zh_CN&edition=full","pubTime":"2026-05-13 08:00","market":"fut","language":"zh","title":"奥迪高管\"贴脸开大\"：小米汽车用消费级芯片？雷军急回应！","url":"https://stock-news.laohu8.com/highlight/detail?id=2635922410","media":"市场资讯","summary":"　　5月12日，一场关于“消费级芯片”和“车规级芯片”的争论在汽车圈引爆——奥迪大中华区高管公开质疑小米汽车芯片“非真车规级”，直言其使用消费级芯片却卖高价“不合理”。雷军随即回应“小米芯片通过AEC-Q104测试”，却被反呛“该标准只测‘包装’，不测芯片本身”。　　要搞懂这场争论，先得明确“消费级芯片”和“车规级芯片”的核心差异——绝非简单的“合格与否”，而是“能否适应汽车的极端使用场景”。","content":"<html><body><div>\n<p cms-style=\"font-L\">　　来源：<a href=\"https://laohu8.com/S/00700\">腾讯</a>自选股综合</p>\n<p cms-style=\"font-L\">　　5月12日，<font cms-style=\"font-L strong-Bold\">一场关于“消费级芯片”和“车规级芯片”的争论在汽车圈引爆</font>——奥迪<a href=\"https://laohu8.com/S/00021\">大中华</a>区高管公开质疑<a href=\"https://laohu8.com/S/XIACY\">小米</a>汽车芯片“非真车规级”，直言其使用消费级芯片却卖高价“不合理”。雷军随即回应“<a href=\"https://laohu8.com/S/01810\">小米</a>芯片通过AEC-Q104测试”，却被反呛“该标准只测‘包装’，不测芯片本身”。</p>\n<p cms-style=\"font-L\">　　<font cms-style=\"font-L strong-Bold\">争论焦点：什么是“车规级芯片”？</font></p>\n<p cms-style=\"font-L\">　　要搞懂这场争论，先得明确<font cms-style=\"font-L strong-Bold\">“消费级芯片”和“车规级芯片”的核心差异</font>——<font cms-style=\"font-L strong-Bold\">绝非简单的“合格与否”，而是“能否适应汽车的极端使用场景”</font>。</p>\n<p cms-style=\"font-L\">　　| 维度 | 消费级芯片 | 车规级芯片 |</p>\n<p cms-style=\"font-L\">　　|------|-------------|-------------|</p>\n<p cms-style=\"font-L\">　　| 工作温度 | 0°C ~ 70°C | -40°C ~ 150°C |</p>\n<p cms-style=\"font-L\">　　| 使用寿命 | 3~5年 | 15~20年 |</p>\n<p cms-style=\"font-L\">　　| 故障率 | 允许较高 | 0缺陷（PPM级） |</p>\n<p cms-style=\"font-L\">　　| 认证标准 | 无强制 | AEC-Q系列、ISO 26262 |</p>\n<p cms-style=\"font-L\">　　| 供应链 | 消费电子供应链 | 车规级供应链 |<font cms-style=\"font-L strong-Bold\">核心差异</font>：汽车芯片要在极端温度、强烈振动、电磁干扰等恶劣环境下稳定工作15年以上，而消费级芯片只需要保证在办公室或家里稳定用3~5年。</p>\n<p cms-style=\"font-L\">　　<font cms-style=\"font-L strong-Bold\">奥迪高管的质疑</font></p>\n<p cms-style=\"font-L\">　　奥迪方的具体质疑点：</p>\n<p cms-style=\"font-L\">　　<font cms-style=\"font-L strong-Bold\">“<a href=\"https://laohu8.com/S/81810\">小米</a>用鸡蛋充数”</font>：指责小米汽车使用消费级芯片却宣称“车规级”</p>\n<p cms-style=\"font-L\">　　<font cms-style=\"font-L strong-Bold\">“卖高价不合理”</font>：消费级芯片成本更低，但小米汽车售价不低</p>\n<p cms-style=\"font-L\">　　<font cms-style=\"font-L strong-Bold\">“安全必须第一位”</font>：汽车不是快消品，用户安全必须放在最高优先级</p>\n<div><img src=\"http://n.sinaimg.cn/spider20260513/590/w355h235/20260513/8f75-2f77c04d8ddef03bcfb7b581dde28812.png\"/><span></span></div>\n<p cms-style=\"font-L\">　　<font cms-style=\"font-L strong-Bold\">雷军的回应</font></p>\n<p cms-style=\"font-L\">　　雷军回应称：<font cms-style=\"font-L strong-Bold\">“小米芯片通过AEC-Q104测试”</font>。</p>\n<p cms-style=\"font-L\">　　AEC-Q104是什么？</p>\n<p cms-style=\"font-L\">　　<font cms-style=\"font-L strong-Bold\">AEC-Q系列</font>：汽车电子委员会（Automotive Electronics Council）制定的车规级元器件测试标准</p>\n<p cms-style=\"font-L\">　　<font cms-style=\"font-L strong-Bold\">AEC-Q104</font>：专门针对<font cms-style=\"font-L strong-Bold\">多芯片模块（MCM）</font>的测试标准<font cms-style=\"font-L strong-Bold\">但奥迪方的反呛是</font>：“AEC-Q104只测‘包装’，不测芯片本身。” 也就是说，这个标准测试的是“多个芯片组成的模块是否可靠”，而不是“每个芯片是否达到车规级”。</p>\n<div><img src=\"http://n.sinaimg.cn/spider20260513/546/w348h198/20260513/e284-6ef8b49018292419f97027bc3bf2d9ad.png\"/><span></span></div>\n<p cms-style=\"font-L\">　　<font cms-style=\"font-L strong-Bold\">谁对谁错？</font></p>\n<p cms-style=\"font-L\">　　这个问题没有简单的答案，因为<font cms-style=\"font-L strong-Bold\">“车规级”本身就是一个灰度很大的概念</font>：</p>\n<p cms-style=\"font-L\">　　<font cms-style=\"font-L strong-Bold\">支持奥迪方观点：</font></p>\n<p cms-style=\"font-L\">　　真正的车规级芯片，从设计阶段就要按ISO 26262（功能安全）标准来</p>\n<p cms-style=\"font-L\">　　消费级芯片即使通过了AEC-Q测试，也不等于在设计阶段就考虑了功能安全</p>\n<p cms-style=\"font-L\">　　汽车芯片需要“从芯到系统”的全链路车规认证</p>\n<p cms-style=\"font-L\">　　<font cms-style=\"font-L strong-Bold\">支持小米方观点：</font></p>\n<p cms-style=\"font-L\">　　AEC-Q104是正式的车规标准，通过就是车规级</p>\n<p cms-style=\"font-L\">　　消费级芯片在汽车场景的应用，是行业趋势</p>\n<p cms-style=\"font-L\">　　“车规级”不应该成为高价理由，消费者有权选择</p>\n<p cms-style=\"font-L\">　　<font cms-style=\"font-L strong-Bold\">更深层的博弈：传统车企 vs 新势力</font></p>\n<p cms-style=\"font-L\">　　这场争论的背后，是两种汽车理念的碰撞：</p>\n<p cms-style=\"font-L\">　　<font cms-style=\"font-L strong-Bold\">传统车企（以奥迪为代表）</font>：强调安全冗余、长期可靠性，不轻易妥协</p>\n<p cms-style=\"font-L\">　　<font cms-style=\"font-L strong-Bold\">新势力（以小米为代表）</font>：强调迭代速度、用户体验，敢于用新方案<font cms-style=\"font-L strong-Bold\">两种理念都有道理，最终谁来证明自己？时间。</font></p>\n<div>\n<div><img src=\"\"/></div>\n<div>海量资讯、精准解读，尽在新浪财经APP</div>\n</div>\n<p>责任编辑：石秀珍 SF183</p>\n</div></body></html>","source":"sina","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>奥迪高管\"贴脸开大\"：小米汽车用消费级芯片？雷军急回应！</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n奥迪高管\"贴脸开大\"：小米汽车用消费级芯片？雷军急回应！\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-13 08:00 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/stock/auto/2026-05-13/doc-inhxteis9378289.shtml><strong>市场资讯</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>来源：腾讯自选股综合\n　　5月12日，一场关于“消费级芯片”和“车规级芯片”的争论在汽车圈引爆——奥迪大中华区高管公开质疑小米汽车芯片“非真车规级”，直言其使用消费级芯片却卖高价“不合理”。雷军随即回应“小米芯片通过AEC-Q104测试”，却被反呛“该标准只测‘包装’，不测芯片本身”。\n　　争论焦点：什么是“车规级芯片”？\n　　要搞懂这场争论，先得明确“消费级芯片”和“车规级芯片”的核心差异——...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/auto/2026-05-13/doc-inhxteis9378289.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","LU0348827113.USD":"ALLIANZ RCM CHINA \"AT\" ACC","BK4588":"碎股","LU0143863198.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"AU\" (USD) ACC","LU0164872284.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","BK1575":"同股不同权","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU0456846285.SGD":"JPMorgan Funds - Greater China A (acc) SGD","LU1880383440.USD":"AMUNDI FUNDS CHINA EQUITY \"A2\" (USD) INC","LU0540923850.HKD":"ALLIANZ HONG KONG EQUITY \"A\" (HKD) INC","SG9999002463.SGD":"LionGlobal China Growth SGD","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","BK4116":"互联网服务与基础架构","LU0634319403.HKD":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) 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(USD) ACC","LU0054450605.USD":"HSBC GIF GLOBAL EMERGING MARKTS EQ \"AD\" INC","LU0345775950.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) ACC","BK4550":"红杉资本持仓","LU2399975544.HKD":"ALLIANZ ALL CHINA EQUITY \"AT\" (HKD) ACC","LU0531970944.HKD":"HSBC GIF BRIC EQUITY \"AC\" (HKD) ACC","LU0823426480.USD":"法巴中国股票经典Dis"},"source_url":"https://finance.sina.com.cn/stock/auto/2026-05-13/doc-inhxteis9378289.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2635922410","content_text":"来源：腾讯自选股综合\n　　5月12日，一场关于“消费级芯片”和“车规级芯片”的争论在汽车圈引爆——奥迪大中华区高管公开质疑小米汽车芯片“非真车规级”，直言其使用消费级芯片却卖高价“不合理”。雷军随即回应“小米芯片通过AEC-Q104测试”，却被反呛“该标准只测‘包装’，不测芯片本身”。\n　　争论焦点：什么是“车规级芯片”？\n　　要搞懂这场争论，先得明确“消费级芯片”和“车规级芯片”的核心差异——绝非简单的“合格与否”，而是“能否适应汽车的极端使用场景”。\n　　| 维度 | 消费级芯片 | 车规级芯片 |\n　　|------|-------------|-------------|\n　　| 工作温度 | 0°C ~ 70°C | -40°C ~ 150°C |\n　　| 使用寿命 | 3~5年 | 15~20年 |\n　　| 故障率 | 允许较高 | 0缺陷（PPM级） |\n　　| 认证标准 | 无强制 | AEC-Q系列、ISO 26262 |\n　　| 供应链 | 消费电子供应链 | 车规级供应链 |核心差异：汽车芯片要在极端温度、强烈振动、电磁干扰等恶劣环境下稳定工作15年以上，而消费级芯片只需要保证在办公室或家里稳定用3~5年。\n　　奥迪高管的质疑\n　　奥迪方的具体质疑点：\n　　“小米用鸡蛋充数”：指责小米汽车使用消费级芯片却宣称“车规级”\n　　“卖高价不合理”：消费级芯片成本更低，但小米汽车售价不低\n　　“安全必须第一位”：汽车不是快消品，用户安全必须放在最高优先级\n\n　　雷军的回应\n　　雷军回应称：“小米芯片通过AEC-Q104测试”。\n　　AEC-Q104是什么？\n　　AEC-Q系列：汽车电子委员会（Automotive Electronics Council）制定的车规级元器件测试标准\n　　AEC-Q104：专门针对多芯片模块（MCM）的测试标准但奥迪方的反呛是：“AEC-Q104只测‘包装’，不测芯片本身。” 也就是说，这个标准测试的是“多个芯片组成的模块是否可靠”，而不是“每个芯片是否达到车规级”。\n\n　　谁对谁错？\n　　这个问题没有简单的答案，因为“车规级”本身就是一个灰度很大的概念：\n　　支持奥迪方观点：\n　　真正的车规级芯片，从设计阶段就要按ISO 26262（功能安全）标准来\n　　消费级芯片即使通过了AEC-Q测试，也不等于在设计阶段就考虑了功能安全\n　　汽车芯片需要“从芯到系统”的全链路车规认证\n　　支持小米方观点：\n　　AEC-Q104是正式的车规标准，通过就是车规级\n　　消费级芯片在汽车场景的应用，是行业趋势\n　　“车规级”不应该成为高价理由，消费者有权选择\n　　更深层的博弈：传统车企 vs 新势力\n　　这场争论的背后，是两种汽车理念的碰撞：\n　　传统车企（以奥迪为代表）：强调安全冗余、长期可靠性，不轻易妥协\n　　新势力（以小米为代表）：强调迭代速度、用户体验，敢于用新方案两种理念都有道理，最终谁来证明自己？时间。\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：石秀珍 SF183","news_type":1,"symbols_score_info":{"81810":0.6,"HXXD.SI":0.6,"01810":1.95,"XIACY":1.95}},"isVote":1,"tweetType":1,"viewCount":523,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":562977815777896,"gmtCreate":1778474309197,"gmtModify":1778474311376,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4143077530680670","idStr":"4143077530680670"},"themes":[],"title":"","htmlText":"国外有人会买东风小康？","listText":"国外有人会买东风小康？","text":"国外有人会买东风小康？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/562977815777896","repostId":"2634438479","repostType":2,"repost":{"id":"2634438479","kind":"news","pubTimestamp":1778471964,"share":"https://www.laohunote.com/m/news/2634438479?lang=zh_CN&edition=full","pubTime":"2026-05-11 11:59","market":"sh","language":"zh","title":"乘联分会报告透露：小米汽车4月零售36702辆，特斯拉中国出口53522辆","url":"https://stock-news.laohu8.com/highlight/detail?id=2634438479","media":"IT之家","summary":"IT之家 5 月 11 日消息，乘联分会今日发布 2026 年 4 月份全国乘用车市场分析，4 月全国乘用车市场零售 138.4 万辆，同比下降 21.5%，环比下降 16.0%；今年 1-4 月累计零售 560.4 万辆，同比下降 18.5%。4 月常规燃油乘用车零售 53 万辆，同比下降 37%，环比下降 33%。","content":"<html><body><p>IT之家 5 月 11 日消息，乘联分会今日发布 2026 年 4 月份全国乘用车市场分析，4 月全国乘用车市场零售 138.4 万辆，同比下降 21.5%，环比下降 16.0%；今年 1-4 月累计零售 560.4 万辆，同比下降 18.5%。<strong>4 月全国乘用车市场呈现出“总量承压、结构分化”的复杂特征</strong>。</p><p>4 月新能源乘用车生产达到 120.9 万辆，同比增长 4.7%，环比增长 7.6%。1-4 月累计新能源乘用车生产达到 391.3 万辆，同比下降 4.2%。</p><p>4 月新能源乘用车批发销量达到 122.5 万辆，同比增长 7.5%，环比增长 7.0%；1-4 月新能源乘用车批发销量达到 395.3 万辆，同比下降 1.1%。4 月常规燃油乘用车批发销量达到 89 万辆，同比下降 16%，环比下降 28%。</p><p>4 月新能源乘用车市场零售 84.9 万辆，同比下降 6.8%，环比下降 0.3%；1-4 月新能源乘用车市场零售 275.8 万辆，同比下降 17.2%。4 月常规燃油乘用车零售 53 万辆，同比下降 37%，环比下降 33%。</p><p><strong>4 月新能源车在国内总体乘用车的零售渗透率 61.4%</strong>，较去年同期增长 9.7 个百分点，环比增长 9.6 个百分点。在 4 月国内零售中，自主品牌中的新能源车渗透率 80.1%；豪华车中的新能源车渗透率 26.1%；而主流合资品牌中的新能源车渗透率上升到 14.1%。</p><p>从月度新能源车国内零售份额看，4 月自主品牌新能源车零售份额 65.2%，同比下降 7.2 个百分点；主流合资品牌新能源车份额 4.9%，同比增长 1.7 个百分点；新势力份额 25.6%，<a href=\"https://laohu8.com/S/09863\">零跑汽车</a>、<a href=\"https://laohu8.com/S/LI\">理想汽车</a>、蔚来汽车等品牌拉动新势力份额同比增长 5.6 个百分点；<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>份额 3.1%，同比下降 0.1 个点。</p><p>4 月国内新能源乘用车零售突破 2 万辆的企业品牌是：</p><p><a href=\"https://laohu8.com/S/BYDDY\">比亚迪</a>汽车（182,025 辆）</p><p><a href=\"https://laohu8.com/S/00175\">吉利汽车</a>（95,585 辆）</p><p><a href=\"https://laohu8.com/S/000625\">长安汽车</a>（64,471 辆）</p><p>零跑汽车（57,162 辆）</p><p><a href=\"https://laohu8.com/S/XIACY\">小米</a>汽车（36,702 辆）</p><p><a href=\"https://laohu8.com/S/09973\">奇瑞汽车</a>（34,768 辆）</p><p><a href=\"https://laohu8.com/S/600104\">上汽</a>通用五菱（34,497 辆）</p><p><a href=\"https://laohu8.com/S/02015\">理想汽车</a>（34,085 辆）</p><p>鸿蒙智行（32,759 辆）</p><p>蔚来汽车（29,312 辆）</p><p>东风汽车（27,056 辆）</p><p><a href=\"https://laohu8.com/S/601238\">广汽</a>埃安（27,042 辆）</p><p>特斯拉中国（25,956 辆）</p><p><a href=\"https://laohu8.com/S/09868\">小鹏汽车</a>（25,005 辆）</p><p><a href=\"https://laohu8.com/S/601633\">长城汽车</a>（22,683 辆）</p><p>上汽乘用车（20,770 辆）</p><p><img src=\"https://x0.ifengimg.com/ucms/2026_20/4CBC34FC769CC59D35B773C528A3ED32362B403E_size783_w1001_h740.png\"/></p><p><strong>4 月新能源乘用车厂商出口 40.6 万辆，同比增长 111.8%</strong>，环比增长 18.3%；1-4 月新能源乘用车厂商出口 130.6 万辆，同比增长 118.7%，4 月常规燃油乘用车出口 36 万辆，同比增长 55%，环比增长 5%。</p><p>IT之家附 4 月厂商新能源出口方面优秀的企业名单：</p><p><a href=\"https://laohu8.com/S/002594\">比亚迪</a>汽车（130,042 辆）</p><p>奇瑞汽车（57,910 辆）</p><p>特斯拉中国（53,522 辆）</p><p>吉利汽车（48,901 辆）</p><p>上汽乘用车（24,262 辆）</p><p>零跑汽车（14,225 辆）</p><p>东风汽车（10,673 辆）</p><p>长安汽车（9,824 辆）</p><p>上汽通用五菱（8,561 辆）</p><p>小鹏汽车（6,006 辆）</p><p>光束汽车（5,571 辆）</p><p><a href=\"https://laohu8.com/S/PSNY\">极星汽车</a>（4,323 辆）</p><p><a href=\"https://laohu8.com/S/02333\">长城汽车</a>（4,094 辆）</p><p>长安马自达（3,615 辆）</p><p>一汽红旗（3,282 辆）</p><p>智马达汽车（2,658 辆）</p><p>沃尔沃<a href=\"https://laohu8.com/S/002540\">亚太</a>（2,590 辆）</p><p><a href=\"https://laohu8.com/S/01958\">北京汽车</a>制造厂（2,339 辆）</p><p><a href=\"https://laohu8.com/S/601127\">赛力斯</a>汽车（湖北）（2,226 辆）</p><p>广汽埃安（2,122 辆）</p><p>一汽奔腾（1,383 辆）</p></body></html>","source":"fenghuang_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>乘联分会报告透露：小米汽车4月零售36702辆，特斯拉中国出口53522辆</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n乘联分会报告透露：小米汽车4月零售36702辆，特斯拉中国出口53522辆\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-11 11:59 北京时间&nbsp;&nbsp;&nbsp;<a href=https://tech.ifeng.com/c/8t2LhyJaqCC><strong>IT之家</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>IT之家 5 月 11 日消息，乘联分会今日发布 2026 年 4 月份全国乘用车市场分析，4 月全国乘用车市场零售 138.4 万辆，同比下降 21.5%，环比下降 16.0%；今年 1-4 月累计零售 560.4 万辆，同比下降 18.5%。4 月全国乘用车市场呈现出“总量承压、结构分化”的复杂特征。4 月新能源乘用车生产达到 120.9 万辆，同比增长 4.7%，环比增长 7.6%。1-4 ...</p>\n\n<a href=\"https://tech.ifeng.com/c/8t2LhyJaqCC\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","07766":"南方两倍做多特斯拉","BK1607":"新IT概念","BK4099":"汽车制造商","LU0314109678.HKD":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0051755006.USD":"摩根大通中国A (dist)","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","BK4585":"ETF&股票定投概念","TSDD":"2倍做空TSLA ETF-GraniteShares","BK1523":"武汉本地概念股","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) 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万辆，同比增长 4.7%，环比增长 7.6%。1-4 月累计新能源乘用车生产达到 391.3 万辆，同比下降 4.2%。4 月新能源乘用车批发销量达到 122.5 万辆，同比增长 7.5%，环比增长 7.0%；1-4 月新能源乘用车批发销量达到 395.3 万辆，同比下降 1.1%。4 月常规燃油乘用车批发销量达到 89 万辆，同比下降 16%，环比下降 28%。4 月新能源乘用车市场零售 84.9 万辆，同比下降 6.8%，环比下降 0.3%；1-4 月新能源乘用车市场零售 275.8 万辆，同比下降 17.2%。4 月常规燃油乘用车零售 53 万辆，同比下降 37%，环比下降 33%。4 月新能源车在国内总体乘用车的零售渗透率 61.4%，较去年同期增长 9.7 个百分点，环比增长 9.6 个百分点。在 4 月国内零售中，自主品牌中的新能源车渗透率 80.1%；豪华车中的新能源车渗透率 26.1%；而主流合资品牌中的新能源车渗透率上升到 14.1%。从月度新能源车国内零售份额看，4 月自主品牌新能源车零售份额 65.2%，同比下降 7.2 个百分点；主流合资品牌新能源车份额 4.9%，同比增长 1.7 个百分点；新势力份额 25.6%，零跑汽车、理想汽车、蔚来汽车等品牌拉动新势力份额同比增长 5.6 个百分点；特斯拉份额 3.1%，同比下降 0.1 个点。4 月国内新能源乘用车零售突破 2 万辆的企业品牌是：比亚迪汽车（182,025 辆）吉利汽车（95,585 辆）长安汽车（64,471 辆）零跑汽车（57,162 辆）小米汽车（36,702 辆）奇瑞汽车（34,768 辆）上汽通用五菱（34,497 辆）理想汽车（34,085 辆）鸿蒙智行（32,759 辆）蔚来汽车（29,312 辆）东风汽车（27,056 辆）广汽埃安（27,042 辆）特斯拉中国（25,956 辆）小鹏汽车（25,005 辆）长城汽车（22,683 辆）上汽乘用车（20,770 辆）4 月新能源乘用车厂商出口 40.6 万辆，同比增长 111.8%，环比增长 18.3%；1-4 月新能源乘用车厂商出口 130.6 万辆，同比增长 118.7%，4 月常规燃油乘用车出口 36 万辆，同比增长 55%，环比增长 5%。IT之家附 4 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空头马上要被拉爆了，赶紧上车了，下个礼拜就没机会了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/562927052408480","isVote":1,"tweetType":1,"viewCount":3906,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3464650551454893","authorId":"3464650551454893","name":"浪潮上的小舢板","avatar":"https://static.tigerbbs.com/e96cbf9c80a9100b3ffffc80c96d8329","crmLevel":6,"crmLevelSwitch":1,"authorIdStr":"3464650551454893","idStr":"3464650551454893"},"content":"如此大力气的做空小米，绝对不是散户可以做到的。是有预谋，有组织的在带节奏。目的也很简单，就是以更低的价格收割小米的筹码，雷军也不是傻的，与其在媒体上争辩，不如加码回购。这下好了，空单都已经不够借券了，到时候看看拿什么还。","text":"如此大力气的做空小米，绝对不是散户可以做到的。是有预谋，有组织的在带节奏。目的也很简单，就是以更低的价格收割小米的筹码，雷军也不是傻的，与其在媒体上争辩，不如加码回购。这下好了，空单都已经不够借券了，到时候看看拿什么还。","html":"如此大力气的做空小米，绝对不是散户可以做到的。是有预谋，有组织的在带节奏。目的也很简单，就是以更低的价格收割小米的筹码，雷军也不是傻的，与其在媒体上争辩，不如加码回购。这下好了，空单都已经不够借券了，到时候看看拿什么还。"},{"author":{"id":"7436664583905118","authorId":"7436664583905118","name":"西山竹","avatar":"https://static.tigerbbs.com/37a639a3533fe8bd7977fcf786740b6a","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"7436664583905118","idStr":"7436664583905118"},"content":"确实如此！看媒体造势抹黑大半年了，现在估计基本达到了他们的价位，估计要在30-35之间拉锯一段时间，等吃够了就上来了。但是港股通的人也不傻，也会买进，这样外资可能为他人作嫁衣裳","text":"确实如此！看媒体造势抹黑大半年了，现在估计基本达到了他们的价位，估计要在30-35之间拉锯一段时间，等吃够了就上来了。但是港股通的人也不傻，也会买进，这样外资可能为他人作嫁衣裳","html":"确实如此！看媒体造势抹黑大半年了，现在估计基本达到了他们的价位，估计要在30-35之间拉锯一段时间，等吃够了就上来了。但是港股通的人也不傻，也会买进，这样外资可能为他人作嫁衣裳"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":558669022345192,"gmtCreate":1777425583170,"gmtModify":1777425585544,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4143077530680670","idStr":"4143077530680670"},"themes":[],"title":"","htmlText":"不要买股票不要炒股","listText":"不要买股票不要炒股","text":"不要买股票不要炒股","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/558669022345192","repostId":"2629883965","repostType":2,"repost":{"id":"2629883965","kind":"highlight","weMediaInfo":{"introduction":"和讯网创立于1996年，从中国早期金融证券资讯服务脱颖而出，建立了中国第一个财经资讯垂直网站，并始终保持高端财经领域用户排名第一。和讯作为一直伴随中国经济并肩在路的老朋友、与中国资本市场风雨同舟的同路人，一贯秉持“推动中国亿万中产阶层发展壮大，助力中小投资者财富增长”的展业宗旨。现已成为一家为投资者提供“多层次金融信息和交易服务”的专业金融投资平台，并在该领域长期处于领先地位。","home_visible":1,"media_name":"和讯网","id":"1056779998","head_image":"https://static.tigerbbs.com/7d4b373205a673ce16c395cded039e4e"},"pubTimestamp":1776929330,"share":"https://www.laohunote.com/m/news/2629883965?lang=zh_CN&edition=full","pubTime":"2026-04-23 15:28","market":"fut","language":"zh","title":"和讯信息李景峰：大盘跳水两大原因","url":"https://stock-news.laohu8.com/highlight/detail?id=2629883965","media":"和讯网","summary":"4月23日，和讯信息李景峰分析，今天市场出现跳水，先说说跳水的原因。创业板出现跳水的原因是建立在两个前提之下：1、昨天收评文章强调，无论是创业板指还是上证指数，都出现了30分钟连续顶背离的现象，指向的事原有预期高。2、此前连续帮助创业板走强的是AI光，驱动力是谷歌云服务大会。昨天谷歌云服务大会昨晚召开，属于利好兑现。","content":"<html><body><p>　　4月23日，和讯信息李景峰分析，今天市场出现跳水，先说说跳水的原因。创业板出现跳水的原因是建立在两个前提之下：1、昨天收评文章强调，无论是创业板指还是上证指数，都出现了30分钟连续顶背离的现象，指向的事原有预期高。2、此前连续帮助创业板走强的是AI光，驱动力是<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>云服务大会。昨天<a href=\"https://laohu8.com/S/GOOGL\">谷歌</a>云服务大会昨晚召开，属于利好兑现。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>和讯信息李景峰：大盘跳水两大原因</title>\n<style 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15:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>　　4月23日，和讯信息李景峰分析，今天市场出现跳水，先说说跳水的原因。创业板出现跳水的原因是建立在两个前提之下：1、昨天收评文章强调，无论是创业板指还是上证指数，都出现了30分钟连续顶背离的现象，指向的事原有预期高。2、此前连续帮助创业板走强的是AI光，驱动力是<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>云服务大会。昨天<a href=\"https://laohu8.com/S/GOOGL\">谷歌</a>云服务大会昨晚召开，属于利好兑现。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"159967":"创成长","399006":"创业板指","510300":"沪深300ETF华泰柏瑞","510880":"红利ETF华泰柏瑞","512510":"中证500ETF华泰柏瑞","512880":"证券ETF国泰","515890":"红利ETF博时","LU1934455194.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (USD) ACC","LU0072462426.USD":"贝莱德全球配置 A2","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU2461242641.AUD":"WELLINGTON US QUALITY GROWTH \"A\" (AUDHDG) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) 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11:05","market":"sh","language":"zh","title":"小米公司：捏造有关雷军谣言，李某华被行拘10日","url":"https://stock-news.laohu8.com/highlight/detail?id=2630837713","media":"21世纪经济报道","summary":"4月26日，微博账号@小米公司发言人发文称：近日，我司关注到网络用户李某华在微信群中捏造、散布有关我司及我司创始人雷军先生的谣言。我司报警后，公安机关迅速展开调查，并抓获实际造谣人。目前，李某华已因故意散布谣言、扰乱公共秩序，被依法处以行政拘留十日。我们始终尊重并接受社会各界的建议和监督，但网络不是法外之地。","content":"<div>\n<p>4月26日，微博账号@小米公司发言人发文称：　　近日，我司关注到网络用户李某华在微信群中捏造、散布有关我司及我司创始人雷军先生的谣言。我司报警后，公安机关迅速展开调查，并抓获实际造谣人。目前，李某华已因故意散布谣言、扰乱公共秩序，被依法处以行政拘留十日。　　我们始终尊重并接受社会各界的建议和监督，但网络不是法外之地。对于散布失实信息、蓄意抹黑小米公司及雷军先生声誉的行为，我们将拿起法律武器，捍卫...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202604263719181894.html\">网页链接</a>\n\n</div>\n","source":"stock_eastmoney","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" 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href=http://finance.eastmoney.com/a/202604263719181894.html><strong>21世纪经济报道</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>4月26日，微博账号@小米公司发言人发文称：　　近日，我司关注到网络用户李某华在微信群中捏造、散布有关我司及我司创始人雷军先生的谣言。我司报警后，公安机关迅速展开调查，并抓获实际造谣人。目前，李某华已因故意散布谣言、扰乱公共秩序，被依法处以行政拘留十日。　　我们始终尊重并接受社会各界的建议和监督，但网络不是法外之地。对于散布失实信息、蓄意抹黑小米公司及雷军先生声誉的行为，我们将拿起法律武器，捍卫...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202604263719181894.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU1328277881.USD":"MANULIFE GF DRAGON GROWTH FUND \"AA\" (USD) INC","LU0823426308.USD":"法巴中国股票基金","LU0823397285.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) INC","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","LU0314109678.HKD":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","LU0051755006.USD":"摩根大通中国A (dist)","BK4585":"ETF&股票定投概念","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU1481107354.HKD":"HSBC GIF 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　　4月17日，小米创办人、董事长兼CEO雷军开启全程15小时直播，测试小米SU7 Pro从北京到上海的长途续航，满电出发中间只充一次电。不久后网络上有消息称，雷军直播期间被堵车里维权。　　对此，4月19日，小米集团董事长特别助理、战略市场部副总经理徐洁云在微博上回应造谣者：　　当时刚在休息区停车，雷总正在车里记录上一段的里程和能耗数据，我就坐在后排，现场还有那么多的车友朋友们。我们绝不会放任这样凭空造谣的恶劣行径，那些捏造谣言恶意传播的，可以等着了。 （文章来源：21世纪经济报道）","news_type":1,"symbols_score_info":{"81810":0.6,"MIUmain":0.6,"HXXD.SI":0.6,"XIACY":1.95,"01810":1.95}},"isVote":1,"tweetType":1,"viewCount":671,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":555469292872680,"gmtCreate":1776647189288,"gmtModify":1776647191487,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4143077530680670","idStr":"4143077530680670"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a> 今日大涨，华威软钢不敢跟进直播，&gt;4点","listText":"<a 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今日大涨，华威软钢不敢跟进直播，>4点","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/555469292872680","isVote":1,"tweetType":1,"viewCount":1209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":538564632290384,"gmtCreate":1772506467011,"gmtModify":1772507076952,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4143077530680670","idStr":"4143077530680670"},"themes":[],"title":"","htmlText":"鸿蒙杂牌汇那么多腊鸡类型加起来都不中用，冤大头觉醒了","listText":"鸿蒙杂牌汇那么多腊鸡类型加起来都不中用，冤大头觉醒了","text":"鸿蒙杂牌汇那么多腊鸡类型加起来都不中用，冤大头觉醒了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/538564632290384","repostId":"2616930783","repostType":2,"repost":{"id":"2616930783","kind":"news","pubTimestamp":1772498820,"share":"https://www.laohunote.com/m/news/2616930783?lang=zh_CN&edition=full","pubTime":"2026-03-03 08:47","market":"hk","language":"zh","title":"2月新势力销量集体“失守”3万辆","url":"https://stock-news.laohu8.com/highlight/detail?id=2616930783","media":"车质网","summary":"受“史上最长春节假期”影响，2月新能源车市整体承压，所有造车新势力单月交付均未突破3万辆，2万辆成为头部阵营新分水岭。零跑以28067辆领跑，理想、蔚来、小米紧随其后，销量均在2万辆左右。问界和小鹏则明显掉队，分别跌至2万辆以下和1.5万辆区间。同比来看，蔚来增长57.6%，极氪实现同环比双增，交付23867辆。业内人士指出，春节假期缩短销售周期叠加1月政策透支需求，导致2月市场低迷。随着多地出台以旧换新细则及多款新车即将上市，3月车市有望回暖。","content":"<html><body><article><p>受“史上最长春节假期”影响，2月新能源<a href=\"https://laohu8.com/S/01490\">车市</a>整体承压，所有造车新势力单月交付均未突破3万辆，2万辆成为头部阵营新分水岭。</p><p><a href=\"https://laohu8.com/S/09863\">零跑</a>以28067辆领跑，<a href=\"https://laohu8.com/S/LI\">理想</a>、<a href=\"https://laohu8.com/S/NIO\">蔚来</a>、<a href=\"https://laohu8.com/S/XIACY\">小米</a>紧随其后，销量均在2万辆左右。问界和小鹏则明显掉队，分别跌至2万辆以下和1.5万辆区间。同比来看，<a href=\"https://laohu8.com/S/09866\">蔚来</a>增长57.6%，<a href=\"https://laohu8.com/S/ZK\">极氪</a>实现同环比双增，交付23867辆。业内人士指出，春节假期缩短销售周期叠加1月政策透支需求，导致2月市场低迷。随着多地出台以旧换新细则及多款新车即将上市，3月车市有望回暖。</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2月新势力销量集体“失守”3万辆</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ 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0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2月新势力销量集体“失守”3万辆\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-03 08:47 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260303085032a443f75f&s=b><strong>车质网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>受“史上最长春节假期”影响，2月新能源车市整体承压，所有造车新势力单月交付均未突破3万辆，2万辆成为头部阵营新分水岭。零跑以28067辆领跑，理想、蔚来、小米紧随其后，销量均在2万辆左右。问界和小鹏则明显掉队，分别跌至2万辆以下和1.5万辆区间。同比来看，蔚来增长57.6%，极氪实现同环比双增，交付23867辆。业内人士指出，春节假期缩短销售周期叠加1月政策透支需求，导致2月市场低迷。随着多地出台...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260303085032a443f75f&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU0823038988.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS  \"A2\" (USD) ACC","LU0463099449.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) ACC","LU1282648689.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AMG\" (USD) 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09:38","market":"hk","language":"zh","title":"从上春晚到进客厅，期待人形机器人下一步","url":"https://stock-news.laohu8.com/highlight/detail?id=2614784837","media":"21世纪经济报道","summary":"回顾今年的马年春晚，最受瞩目的毫无疑问是满屏的国产人形机器人。我们首先应当对春晚展示的成果感到自豪，这意味着人形机器人的技术路线，依然是所有人最能够接受的具身智能发展路径，这点并无问题。这种从“封闭实验室”到“开放社会”的跨越，正是人形机器人当前面临的最高的一道门槛。春晚的繁荣景象并非虚火，它确实展示了中国在人形机器人产业链上的完整度与技术迭代的惊人速度。","content":"<div>\n<p>（原标题：21评论丨从上春晚到进客厅，期待人形机器人下一步）回顾今年的马年春晚，最受瞩目的毫无疑问是满屏的国产人形机器人。它们不仅在央视及地方春晚舞台上奉献了大规模、高难度的表演，更在我们身边的庙会、商场、餐厅等线下场景广泛应用。在春晚舞台的聚光灯下，数十台机器人整齐划一地完成空翻、侧踢、变阵，甚至与人类演员进行精准的武术对练。这种视觉上的震撼，标志着中国人形机器人在硬件工程、全身运动控制以及多机...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260225093948a4c4fc90&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta 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href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260225093948a4c4fc90&s=b><strong>21世纪经济报道</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>（原标题：21评论丨从上春晚到进客厅，期待人形机器人下一步）回顾今年的马年春晚，最受瞩目的毫无疑问是满屏的国产人形机器人。它们不仅在央视及地方春晚舞台上奉献了大规模、高难度的表演，更在我们身边的庙会、商场、餐厅等线下场景广泛应用。在春晚舞台的聚光灯下，数十台机器人整齐划一地完成空翻、侧踢、变阵，甚至与人类演员进行精准的武术对练。这种视觉上的震撼，标志着中国人形机器人在硬件工程、全身运动控制以及多机...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260225093948a4c4fc90&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","300024":"机器人","LU1770036033.HKD":"NINETY ONE GSF ASIAN EQUITY \"A\" (HKD) ACC","LU0594300419.USD":"富达中国消费基金A","LU0650527681.SGD":"Fidelity China Consumer A-SGD","LU1303224171.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) INC","LU0823413587.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) ACC","LU1961090484.USD":"ALLIANZ ALL CHINA EQUITY \"A\" (USD) 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这种垃圾怎么上市的，怎么被吵到现在这样的？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":2,"link":"https://laohu8.com/post/587672526266408","isVote":1,"tweetType":1,"viewCount":1378,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3462486862768890","authorId":"3462486862768890","name":"winterrain","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"idStr":"3462486862768890","authorIdStr":"3462486862768890"},"content":"一路绿通上的，就是要让二级的韭菜帮着发展国产大模型，大家再给点力","text":"一路绿通上的，就是要让二级的韭菜帮着发展国产大模型，大家再给点力","html":"一路绿通上的，就是要让二级的韭菜帮着发展国产大模型，大家再给点力"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":562927052408480,"gmtCreate":1778461969730,"gmtModify":1778461971714,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143077530680670","authorIdStr":"4143077530680670"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a> 空头马上要被拉爆了，赶紧上车了，下个礼拜就没机会了","listText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a> 空头马上要被拉爆了，赶紧上车了，下个礼拜就没机会了","text":"$小米集团-W(01810)$ 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不到30还敢追？"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":528437134209040,"gmtCreate":1769992359929,"gmtModify":1769992362653,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143077530680670","authorIdStr":"4143077530680670"},"themes":[],"title":"","htmlText":"再怎么黑，现在买小米的还是多，相反，国人醒悟了，不管手机和汽车，几乎没有人买华尾的了","listText":"再怎么黑，现在买小米的还是多，相反，国人醒悟了，不管手机和汽车，几乎没有人买华尾的了","text":"再怎么黑，现在买小米的还是多，相反，国人醒悟了，不管手机和汽车，几乎没有人买华尾的了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/528437134209040","repostId":"2608883481","repostType":2,"repost":{"id":"2608883481","kind":"news","pubTimestamp":1769961481,"share":"https://www.laohunote.com/m/news/2608883481?lang=zh_CN&edition=full","pubTime":"2026-02-01 23:58","market":"hk","language":"zh","title":"小米SU7 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href=\"https://laohu8.com/S/81810\">小米</a>汽车其他产品线表现亮眼。2025年12月数据显示，SU7标准版单月销量达11123辆，YU7车型更以39000辆的销量连续数月刷新纪录。乘联会统计显示，小米汽车全年零售销量达411837辆，同比激增200.9%，首次跻身新能源厂商销量前十榜单。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20260202000742692d201xiq5xlrjxg6\"/><p>面对市场格局变化，小米集团创始人雷军已制定新目标：2026年将冲击55万辆年销量。这一数字较2025年增长超33%，意味着小米需要在保持现有产品线竞争力的同时，进一步拓展市场份额。值得注意的是，SU7 Ultra的销量波动反映出高端电动车市场面临的挑战，而标准版与YU7的热销则证明中低端市场仍存在巨大潜力。</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>小米SU7 Ultra销量“过山车”：上市初期火爆，年末却跌至45辆</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小米SU7 Ultra销量“过山车”：上市初期火爆，年末却跌至45辆\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-01 23:58 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260202000748a6c6d93f&s=b><strong>ITBEAR科技资讯</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>小米SU7 Ultra自2025年2月27日正式上市以来，凭借其强悍的性能参数迅速成为市场焦点。这款售价52.99万元的高性能电动车搭载三电机系统，最大输出功率达1548匹马力，零百加速仅需1.98秒，最高时速突破350km/h，配合900V高压碳化硅平台与300kW快充技术，CLTC工况下续航里程达到660公里。上市初期市场反响热烈，3月份销量直接冲至3101辆的峰值，随后4至8月期间月销量稳定...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260202000748a6c6d93f&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU1328277881.USD":"MANULIFE GF DRAGON GROWTH FUND \"AA\" (USD) INC","LU0823426308.USD":"法巴中国股票基金","LU0823397285.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) INC","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","BK1607":"新IT概念","LU0314109678.HKD":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","LU0051755006.USD":"摩根大通中国A (dist)","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","BK1523":"武汉本地概念股","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY 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[笑哭]","html":"看你是哪个地区的吧不知道你们那边。我们这边用**的人更多。而且公司里面大部分人都是用**，这些年每年年会抽奖也是苹果或者**全家桶。没见过小米。年会抽小米会被别人笑死。员工也可能认为公司快不行了 [笑哭]"},{"author":{"id":"4161592951554020","authorId":"4161592951554020","name":"梭哈养家","avatar":"https://static.tigerbbs.com/33c12436f3a9709a78ef47fbcf3728a0","crmLevel":2,"crmLevelSwitch":1,"idStr":"4161592951554020","authorIdStr":"4161592951554020"},"content":"小米是黑的问题？😂那是机构在做空小米 包括雷布斯以及小米高层","text":"小米是黑的问题？😂那是机构在做空小米 包括雷布斯以及小米高层","html":"小米是黑的问题？😂那是机构在做空小米 包括雷布斯以及小米高层"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":580476682649904,"gmtCreate":1782748027533,"gmtModify":1782748029760,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143077530680670","authorIdStr":"4143077530680670"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a> 加仓 加仓20万股，一个月翻翻！","listText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a> 加仓 加仓20万股，一个月翻翻！","text":"$小米集团-W(01810)$ 加仓 加仓20万股，一个月翻翻！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/580476682649904","isVote":1,"tweetType":1,"viewCount":871,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":422099361637056,"gmtCreate":1744087790369,"gmtModify":1744090191856,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143077530680670","authorIdStr":"4143077530680670"},"themes":[],"title":"","htmlText":"全部买不要卖，把老美搞死，中国人一起加油","listText":"全部买不要卖，把老美搞死，中国人一起加油","text":"全部买不要卖，把老美搞死，中国人一起加油","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/422099361637056","isVote":1,"tweetType":1,"viewCount":2982,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"idStr":"4143077530680670","authorIdStr":"4143077530680670"},"content":"看来你不行啊，叫你老婆来找我","text":"看来你不行啊，叫你老婆来找我","html":"看来你不行啊，叫你老婆来找我"}],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}