▌ News, ▍ Xiaomi Group raised 42.
5 billion Hong Kong dollars, and BYD raised a huge amount of financing, smart car research and development is still the focus of follow-up investment.
Science and Technology Innovation Board Daily reported on March 25, Xiaomi Group announced plans to allocate 800 million shares, is expected to raise 42.
5 billion Hong Kong dollars, the largest financing record since listing.
Xiaomi said that the fund-raising will mainly be used to accelerate business expansion and investment in research and development to enhance scientific and technological strength.
At present, Xiaomi’s intelligent electric vehicle business has not yet made a profit, with a net loss of 6.
2 billion yuan for the whole year and a loss of 45000 yuan per unit.
If calculated according to the delivery target of 350000 vehicles in 2025, the annual loss of the automobile business alone may expand to 15.
75 billion yuan.
Although Xiaomi SU7 has made a breakthrough in the high-end market, it needs to accelerate the ramp up of production capacity to increase market share.
The second phase of the expansion of Xiaomi’s Yizhuang plant in Beijing has been accelerated, with a target production capacity of 350000 vehicles by 2025.
At the same time, BYD also completed a “lightning placement”, confirming that HK $43.
5 billion of financing will be used for autopilot algorithm training and smart cockpit research and development, as well as the construction of a plant with an annual capacity of 150000 vehicles in Hungary.
New energy vehicle market competition is fierce, BYD through “technology self-research + scale effect” to achieve bicycle cost control, accelerate the smart driving technology to all price levels of models.
With the release of capacity at Tesla’s Berlin plant and the mass production of Huawei’s ADS 3.
0 system, the technology window for new energy vehicles is narrowing.
Xiaomi needs to find a balance between R & D investment and capacity expansion, and plans to spend most of its R & D investment on training self-driving algorithms and optimizing the intelligent cockpit experience to cope with the technological impact of competitions such as Huawei Hongmeng Zhihang, Tesla FSD and Xiaopeng Automobile.
According to ▍, the overseas market growth rate of BYD’s 2025 sales target of 5.
5 million vehicles is more than 90%.
According to a report by Auto later this year, BYD Chairman Wang Chuanfu announced that the company’s total sales target for 2025 is 5.
5 million vehicles, of which the overseas market sales target is more than 800000.
This goal means that BYD’s sales in China are growing by about 30%, while those in overseas markets are growing by as much as 91.8%. After becoming the top seller of new energy vehicles for three years in a row, BYD is more cautious about sales in the domestic market from a higher base, with growth slightly lower than in 2024, the report said.
In terms of sea strategy, BYD currently has car transport ships such as “Trailblazer 1”, “Changzhou”, “Hefei”, “Shenzhen” and “Changsha”, and plans to build a “sea fleet” of eight ro-ro ships by 2026, with an annual capacity of more than 1 million.
In addition, according to the HiEV garlic car Research Institute, BYD’s “national smart driving” strategy has made new progress.
Since its internal project was established in September last year, BYD’s national intelligent driving project has realized the first phase of the Divine Eye C platform equipped with self-developed high-speed NOA and automatic parking algorithm, and is moving towards “end-to-end urban smart driving”.
The goal is to achieve mass production of end-to-end urban smart driving this year.
According to the report, BYD’s self-research algorithm development is fully promoted by the algorithm center under the New Technology Academy, and the goal is to achieve end-to-end smart driving in urban areas by 2025.
At present, the development of end-to-end urban algorithm is based on double OrinX platform, which is consistent with the self-research goal of Chang’an and other automobile companies.
According to ▍, Xiaopeng has planned at least five extended-range models.
According to 36 krypton on March 25th, Xiaopeng has planned at least five extended-range models, including sedans and SUV, such as P7 and G6.
It is reported that the first extended-range model is based on the X9 and is scheduled for mass production in the second half of this year.
E, F, H and other platforms will also launch extended-range models, which are expected to be launched one after another in the next few years.
Xiaopeng Automobile will mainly adopt extended range and pure electric dual power mode in the future.
, 
, he Xiaopeng said that extended range and pure electricity meet the needs of different users, especially in other markets around the world.
Xiaopeng will provide more general energy replenishment solutions.
▌ domestic, ▍ Tesla China official website FSD changed its name to “Intelligent driving assist”.
According to the first Electric News on March 25, Tesla changed the name of the auxiliary driving system on China’s official website, renaming “Autopilot Autopilot Kit” to “Auxiliary driving Kit” and renaming “FSD Intelligent driving Assistance” to “Intelligent Auxiliary driving”.
It is worth noting that “intelligent assisted driving” has previously been named “fully autopilot”.
, on the 25th of last month, Tesla FSD officially entered the Chinese market.
However, from the initial tests of bloggers, media and netizens, FSD seems to have some problems, such as driving into non-motorized lanes, running yellow lights, compacting lines and so on.
In spite of this, many users have pointed out that the driving level of the FSD is currently the closest to that of human beings, and it is very slippery in terms of turning and acceleration and deceleration.
▍ Meituan CEO Wang Xing reduced his 6.
5 million shares of ideal Automobile on the 4th, cashing out HK $700 million.
On March 25, the first Electric News, Meituan CEO Wang Xing recently reduced his holdings of ideal Automobile.
From March 18 to 21, 2025, Wang Xing reduced his holdings of ideal Automobile shares for four consecutive trading days, reducing his holdings by a total of 6.
5 million shares, cashing out about HK $700 million (about 653 million yuan).
After the reduction, Wang Xing’s shareholding decreased from 21.
3% to 20.
94%, but he is still an important shareholder of ideal Automobile.
Specifically, Wang Xing reduced its holdings of 1.
5 million shares on March 18, with an average price of HK $110.
9737, and cashed out HK $166 million.
on March 19, it reduced its holdings of 1.
5 million shares, with an average price of HK $109.
1931, with a cash cash of HK $164 million.
on March 20, it reduced its holdings of 2 million shares, with an average price of HK $107.
1994, cashing out HK $214.
4 million.
on March 21, it reduced its holdings of 1.
5 million shares, with an average price of HK $102.
1508, with a cash cash of HK $153 million.
▍ announced more than 2 billion debt-for-equity swaps with 134suppliers. No.1 Electric reported on March 25th that it had reached debt-for-equity agreements totaling more than 2 billion yuan with 134 core suppliers in China.
Since the supply chain financial cooperation was reached with Nanning Industrial Investment Group in November 2023, Naha Automobile has received equity conversion support from 134 core suppliers through three rounds of supplier negotiations, successfully solving the financial difficulties.
The debt-to-equity swap plan has received a positive response from head suppliers such as Ningde Times, Guoxuan Hi-Tech, Beidou Zhaopin and Greenfield Automobile Lighting.
In addition, Naha Automobile also introduced 10 billion baht (2.
15 billion yuan) of credit from Thai financial institutions at the same time.
▍ Yigatong partnered with Polar Krypton Technology Group to develop smart driving solutions based on NVIDIA DRIVE AGX.
According to IT House on March 25, Yigatong Technology announced that it and Polar Krypton Technology GroupCooperation, based on NVIDIA DRIVE AGX series of intelligent driving chips and technology applications, jointly develop intelligent driving solutions to promote the development and global landing of high-level intelligent driving systems.
Yigatong Technology pointed out that the DRIVE AGX series of intelligent driving chips have been adopted by a number of vehicles equipped with high-level intelligent driving schemes, which can expand the self-driving level from L2 + to L5.
As a new generation of centralized vehicle computing platform, NVIDIA DRIVE AGX Thor integrates NVIDIA Blackwell and runs the NVIDIA DriveOS operating system, providing 1000 trillion computing power per second.
It is designed to define secure self-driving vehicles for AI.
▌ International, ▍ Xiaomi Automobile Europe poaching executives to accelerate the layout of Europe, March 25, the car media carscoops reported that Xiaomi Automobile is actively promoting its globalization strategy, poaching at least five executives from BMW and other European car companies to build an European R & D center.
Rudolf Dittrich, the former head of chassis technology at BMW, has been appointed head of Xiaomi’s European R & D center.
He not only has 15 years of BMW experience, but also has the management background of two F1 teams, Williams and Sauber.
At the same time, Xiaomi also recruited Dusan Sarac with a BMW and Rolls-Royce background, as well as Jannis Hellwig, a senior engineer in charge of performance development.
In addition, Xiaomi has opened positions such as senior automotive designer and dynamic engineer in Munich, Germany, to further expand its R & D team in Europe.
▍ US technology giant and several governments have urged the Trump administration to relax global semiconductor export restrictions, according to foreign media reports, large US technology companies are urging the Trump administration to re-examine the US global semiconductor strategy.
The companies say the so-called “artificial intelligence diffusion rules” in the United States limit the number of AI processors that can be exported to most countries.
The rule divides the world into three levels of chip access: nearly 20 close US partner countries in Europe and East Asia have unrestricted access to artificial intelligence chips.
rival countries such as Russia are prohibited from importing relevant technology.
chip exports from a large number of intermediate countries are limited by computing power ceilings.
Now, many governments and companies are trying to persuade the Trump team to relax some of the rules.
Some officials have come up with the idea of abolishing the three levels and related computing power caps, but retain the basic requirement of export licenses for most countries in the world, according to people familiar with the matter.
Maintaining these restrictions in any form would be an unwelcome outcome for Oracle and Nvidia, according to people familiar with the matter.
Both companies are urging the Trump administration to abolish the rule altogether.
Nvidia believes these restrictions will prompt the world to shift to alternative technologies that have limited national security benefits to the United States.
▍ OpenAI leadership reshuffle: Mark Chen Shengren CRO,CEO Altman focused on research, ChatGPT voice model upgrade, first Electric March 25 news, OpenAI announced a leadership reshuffle, CEO Sam Altman (Sam Altman) will be more focused on research and product development.
Mark Mark Chen was promoted to Chief Research Officer to coordinate research progress and ensure continued breakthroughs in AI capabilities and security.
Chief operating Officer Brad Lettercarp (Brad Lightcap) has expanded his authority to be fully responsible for the company’s business and day-to-day operations.
Julia Villagra, who became chief talent officer, continues to support the company’s global expansion to ensure that OpenAI continues to attract top AGI talent.
At the same time, the technology media NeoWin posted a blog post that OpenAI innovated ChatGPT’s advanced voice model, focusing on optimizing conversation fluency.
The new version reduces unnecessary interruptions, adds a pause function, and enhances the voice personality performance of paying users.
This feature is open to all users, and there is a usage limit for the free version.
This update fixes the problem of “unexpected interruptions” reported by previous users, and advises iPhone users to turn on Voice Isolation mode to reduce unnecessary interruptions.
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