# Electric Vehicles Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Electric Vehicles", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Xpeng and NIO Compete on Computing Power, Li Auto Shifts Architecture

On June 15, 2026, Li Auto unveiled details of its self-developed chip, Mahe M100, for its new L9 Livis model. CTO Xie Yan stated the goal was not just a faster chip, but a fundamentally different one, targeting the chip architecture itself. While competitors like NIO, Xpeng, and Huawei highlight TOPS (computing power) figures for their self-developed chips, Li Auto’s Mahe M100 focuses on redesigning the underlying architecture. It employs a "dynamic data flow architecture" to address memory bandwidth bottlenecks in large model inference, claiming up to 3x the effective computing power of Nvidia's Thor U for its specific workloads and a 40% reduction in latency. The chip's design was peer-reviewed and accepted at ISCA 2026. However, this performance is highly optimized for Li Auto's own VLA2.1 algorithm, meaning it may not generalize as well to other tasks. Li Auto aims to achieve full-stack in-house development with Mahe M100, covering chip, compiler, OS, AI algorithms, and domain controller—a level of vertical integration few competitors match. Beyond the chip, CEO Li Xiang introduced a new strategic narrative: the "embodied intelligent vehicle," defined as an integration of an EV, a professional driver, an AI computer, and a life assistant. This shifts competition from features like large screens to systemic AI capabilities. A key commitment was that Li Auto's Mahe VLA autonomous driving model will match Tesla's FSD V14 by Q4 2026, with specific OTA milestones set for July, September, and December. Financially, Li Auto faces pressure with declining revenue and vehicle gross margins since Q4 2025, while maintaining high R&D investment (approx. ¥12B in 2026, 50% AI-related). Its 2026 sales target is 550,000 vehicles, up from 406,000 in 2025. The new L9 Livis garnered over 10,000 pre-orders in two weeks. The effectiveness of these strategic moves—new products, OTAs, and the novel chip architecture—will begin to show in Q3 2026 financial results, with the year-end FSD V14 benchmark being the ultimate test.

marsbit22h ago

Xpeng and NIO Compete on Computing Power, Li Auto Shifts Architecture

marsbit22h ago

SpaceX Purchases Nearly One-Fifth of U.S. Cybertrucks, Musk's "Left Hand to Right Hand" Move Boosts Sales Over $100 Million

A report by S&P Global Mobility reveals that in Q4 2025, SpaceX purchased 1,279 Cybertrucks, accounting for 18% of all U.S. registrations for the vehicle that quarter. Combined with purchases from xAI, The Boring Company, and Neuralink, companies owned by Elon Musk accounted for approximately 19% of the quarter's Cybertruck registrations. This internal purchasing, estimated at over $100 million, has drawn scrutiny. When these related-party transactions are excluded, the Cybertruck's Q4 registrations actually plummeted by 51% year-over-year. Data indicates Cybertruck sales have significantly declined, with 2025 U.S. sales falling 48% from 2024 figures to around 20,300 units, a mere 8.1% of Musk's initial annual production target of 250,000. The sales slump continued into Q1 2026, hitting a record low. The transactions have raised corporate governance questions, as a private company (SpaceX) is absorbing inventory from a public company (Tesla), with both sharing the same CEO. This practice, while not uncommon among Musk's ventures, is rare in the auto industry for offloading slow-selling models. Tesla, having lost its title as the world's top EV seller, is under pressure to stimulate genuine external demand for the Cybertruck.

marsbit04/17 07:36

SpaceX Purchases Nearly One-Fifth of U.S. Cybertrucks, Musk's "Left Hand to Right Hand" Move Boosts Sales Over $100 Million

marsbit04/17 07:36

Lei Jun Announces: 60 Billion Investment in the Next Three Years! Xiaomi's MiMo-V2 Large Model Family Officially Released

Lei Jun, founder of Xiaomi, announced at the Spring Product Launch that the company plans to invest over 60 billion yuan in AI over the next three years, with R&D and capital expenditure for 2026 alone exceeding 16 billion yuan. This underscores Xiaomi's strategic shift from a smartphone maker to an AI technology leader. The event featured the debut of Xiaomi's self-developed large model family, MiMo-V2, including the flagship agent-oriented MiMo-V2-Pro, the multimodal V2-Omni, and the voice-focused V2-TTS. These models are already being deployed across Xiaomi’s device portfolio. Xiaomi also showcased its first AI-native smartphone, Xiaomi Miclaw, currently in closed testing, and an upgraded version of its smart car, SU7, equipped with the XLA cognitive model and a new intelligent cabin system. The substantial investment aims to build a technological moat and accelerate Xiaomi’s integration of AI across its human-vehicle-home ecosystem.

marsbit03/27 02:50

Lei Jun Announces: 60 Billion Investment in the Next Three Years! Xiaomi's MiMo-V2 Large Model Family Officially Released

marsbit03/27 02:50

Latest Report from Top US Think Tank CSIS: 4 Truths and 1 Misjudgment About China's Technology...

Based on a comprehensive CSIS report by Scott Kennedy, this analysis examines China's high-tech drive, highlighting four key realities and one major misjudgment. China has significantly increased R&D investment, reaching $1 trillion (PPP) in 2023, leading to notable successes in sectors like EVs (e.g., BYD) and batteries (e.g., CATL), driven by intense domestic competition and market forces. The biopharma sector thrives through global integration and efficient clinical trials. However, the report identifies persistent structural weaknesses: stagnation in total factor productivity, a quality gap in innovation (e.g., low-value patents), and critical dependencies in semiconductors (reliance on global supply chains for advanced chips) and aviation (e.g., C919's high import dependency). The report argues that China's tech power translates into geopolitical influence through military-civil fusion and growing participation in international standard-setting, though it lacks unilateral rule-making ability. A key misjudgment is the belief in "decoupling." The report finds comprehensive separation is counterproductive, fueling China's self-sufficiency while harming global supply chains, inflation, and green energy transitions. Instead, it advocates for "calibrated coupling": targeted restrictions on critical military technologies while maintaining cooperation in non-strategic areas and global issues like climate change. The ultimate advantage will go to those fostering open, inclusive innovation ecosystems.

marsbit03/10 03:29

Latest Report from Top US Think Tank CSIS: 4 Truths and 1 Misjudgment About China's Technology...

marsbit03/10 03:29

How to Accurately Value Cryptocurrencies?

Evaluating cryptocurrencies requires moving beyond simplistic metrics like market cap divided by protocol revenue. The core framework proposed is Enterprise Value (EV) / Holder Income, which accounts for what token holders actually receive. Key adjustments include: - **EV Calculation**: EV = Market Cap - Extractable Treasury Assets (discounted based on holder control, e.g., 0% for auto-burn, 100% if no claim exists). - **Holder Income**: The portion of protocol revenue (after supply-side payments) that reaches holders via buybacks, burns, or distributions. The accrual Ratio (Holder Income/Protocol Revenue) varies widely (25%-100% in examples). - **Token Costs**: Team incentives and operational costs from new token issuance are true business expenses and reduce Holder Income. Investor unlocks are market events, not operational costs. Examples: - HYPE: High accrual (100%) but significant team costs. - PUMP: Low EV/Protocol Revenue but high "holder tax" from future unlocks. - MAPLE: Large accrual discount (25.1% ratio). - JUP: Clean structure with net-zero emissions. This framework highlights the mispricing between protocol earnings and holder returns, emphasizing the need to measure actual value capture.

marsbit03/09 03:16

How to Accurately Value Cryptocurrencies?

marsbit03/09 03:16

Everything Unveils SDEX-to-EV Token Migration Framework Ahead of May TGE

Following its rebrand to Everything, the team behind the SDEX token has announced a structured migration framework to transition holders to the new EV token ahead of its Token Generation Event (TGE) in May. This move aims to align with the project's expanded scope and long-term ambitions, ensuring current participants retain access while introducing a new token model for future growth. Two initial pathways are offered for existing SDEX holders: a locked 12-month staking pool with vesting EV tokens and a community pre-sale emphasizing long-term alignment over short-term liquidity. The migration is designed to prevent supply shocks and maintain SDEX utility during the transition, with more access routes and call option mechanisms to be introduced later. CEO Jean Rausis stated the rebrand and migration form a unifying framework to deliver long-term value. While the migration may cause some token-level dilution, the goal is to accelerate ecosystem expansion, expecting long-term growth to outweigh dilution. The initial phase targets current SDEX holders and early investors, with broader public access planned post-TGE. Everything is a unified DeFi protocol integrating swaps, AMM, lending, borrowing, and perpetual trading within a single smart contract architecture, built on the SMARDEX infrastructure to enhance capital efficiency and reduce systemic risk.

TheNewsCrypto01/24 06:08

Everything Unveils SDEX-to-EV Token Migration Framework Ahead of May TGE

TheNewsCrypto01/24 06:08

"Poor Man's Gold" Is No Longer Cheap!

"Silver, once known as 'poor man's gold,' is undergoing a fundamental revaluation as it shifts from a financial derivative of gold to a critical industrial material facing a structural supply deficit. The market is no longer treating silver as just a cheaper alternative to gold. Since 2021, the global silver market has experienced a sustained physical deficit, not from financial cycles, but from booming industrial demand. Key drivers include the photovoltaic (PV) sector, where silver is essential and difficult to substitute, with demand reaching 198 million ounces in 2024. Electric vehicles and AI infrastructure further contribute to this inelastic, high-reliability demand. Crucially, supply cannot keep pace. Over 70% of silver production is a by-product of mining for base metals like copper, zinc, and lead, meaning its output is unresponsive to silver price signals. Mine production grew less than 1% in 2024. With visible inventories covering only 1-1.5 months of consumption—below the 3-month safety threshold—the market is moving from cyclical shortage to structural tightness. Silver has shed its identity as gold's shadow and is now a strategically consumed industrial commodity, making its historic undervaluation a thing of the past."

marsbit01/23 11:43

"Poor Man's Gold" Is No Longer Cheap!

marsbit01/23 11:43

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