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小马智行

5.74

-0.3000-4.97%

盘前：5.60-0.1400-2.44%08:58 EDT

成交量：506.34万

成交额：2,938.04万

市值：24.91亿

市盈率：-16.16

高：6.15

开：6.15

低：5.73

收：6.04

52周最高：22.46

52周最低：5.71

股本：4.34亿

流通股本：3.04亿

量比：1.20

换手率：1.67%

股息：- -

股息率：- -

每股收益(TTM):-0.3552

每股收益(LYR):-0.3526

净资产收益率：-6.77%

总资产收益率：-12.26%

市净率：1.58

市盈率(LYR):-16.28

数据加载中...

总览公司新闻资讯公告

小马智行预计其Robotaxi车队规模将从当前超1700辆增至2026年底的3500辆

无人车开进深圳文博会：逛完展，一键叫Robotaxi回家

中国经营报

港股异动 | 小马智行-W(02026)午后涨近6% 公司预计第七代Robotaxi成本将降至23万元以下

财报前瞻｜小马智行本季度营收预计降至2,211.73万美元，机构观点偏正面

小马智行港股跌3.7%创新低募67亿港元基石浮亏54%

中国Robotaxi，先别急着谈盈利

Robotaxi收入大增但占比有限，小马智行减亏超7成靠公允价值变动，Non-GAAP亏损反增31%

深圳商报·读创

净亏损同比扩大31.5%，小马智行的Robotaxi生意仍不好做

早报｜微信灰测组合支付功能/苹果或重新设计macOS27“液态玻璃”/哈啰回应员工脚踩青桔美团

广州Robotaxi“五一”假期订单爆了！小马智行南沙“护航”演唱会歌迷

广州日报新花城

小马智行的减亏“假象”：公允价值变动粉饰业绩，“烧钱”扩张下盈利难题待解

小马智行-W(02026.HK)拟5月26日举行董事会会议批准季度业绩

小马智行-W(02026)逆市上扬2.46% 机构看好Robotaxi商业化落地加速推进

顶配变标配：中国车企北京车展集体“摊牌”

中国经营网

车展季·大咖说丨小马智行CEO彭军：自动驾驶不是单点突破，而是系统能力的竞争

每日经济新闻

专访｜小马智行彭军：自动驾驶进入“算账”阶段，下一战是“规模化”

广州日报新花城

【券商聚焦】华泰证券维持小马智行(02026)“买入”评级指其加速商业化部署

宁德时代与北汽合作推进换电车型落地；小马智行新Robotaxi成本将低于23万元丨汽车早参

每日经济新闻

北京车展 | 小马智行彭军：Robotaxi下半场，拼的是规模化成本

中国经营报

小马智行：2027版Robotaxi成本低于23万，低于特斯拉Model 3最低售价

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公司预计第七代Robotaxi成本将降至23万元以下","url":"https://stock-news.laohu8.com/highlight/detail?id=2636815119","media":"智通财经","labels":["productRelease"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2636815119?lang=zh_cn&edition=fundamental","pubTime":"2026-05-20 14:32","pubTimestamp":1779258763,"startTime":"0","endTime":"0","summary":"智通财经APP获悉，小马智行-W午后涨近6%，截至发稿，涨4.99%，报67.35港元，成交额3735.55万港元。消息面上，小马智行此前在2026北京车展上宣布，预计随着车队规模提升，到2027年国内市场Robotaxi总车辆成本将降至23万元人民币以下，还将基于该车型推出海外版本，推进海外市场千台以上部署。公司表示，L4 Robotaxi的成本已低于特斯拉Model3最低配。华泰证券发布研报称，此前公司已披露第七代Robotaxi在深圳、广州单车日均净收入达338/299元、日均23单。","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://www.zhitongcaijing.com/content/detail/1443865.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"productRelease","news_rank":0,"length":0,"strategy_id":0,"source":"stock_zhitongcaijing","symbols":["BK4023","SG9999001093.SGD","BK1109","PONY","02026","BK4588","PONX","BK4585"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1193106037","title":"财报前瞻｜小马智行本季度营收预计降至2,211.73万美元，机构观点偏正面","url":"https://stock-news.laohu8.com/highlight/detail?id=1193106037","media":"财报Agent","labels":["earningPreview"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1193106037?lang=zh_cn&edition=fundamental","pubTime":"2026-05-19 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港股今日收报64.400港元，跌幅3.737%，今日盘中最低价62.900港元，创上市以来最低价。目前该股处于破发状态，上市以来累计跌幅53.67%。　　小马智行2025年11月6日在港交所上市，开盘即破发，下跌10.79%报124.00港元。　　公司港股最终发售价为139.00港元，所得款项总额为67.07亿港元，所得款项净额64.54亿港元。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://sc.stock.cnfol.com/gushijujiao/20260518/32233105.shtml","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"zhongjincaijing_highlight","symbols":["BK1109","PONX","BK4588","SG9999001093.SGD","PONY","BK4023","BK4585","02026"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2635405149","title":"中国Robotaxi，先别急着谈盈利","url":"https://stock-news.laohu8.com/highlight/detail?id=2635405149","media":"钛媒体","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2635405149?lang=zh_cn&edition=fundamental","pubTime":"2026-05-16 09:28","pubTimestamp":1778894880,"startTime":"0","endTime":"0","summary":"全球Robotaxi车队规模维持在约1300辆，国内单车日均订单超过17单，高峰期冲到28单。小鹏汽车在今年3月正式成立了Robotaxi业务部，计划下半年就开启载客示范运营。千里科技计划2027年前推出专用Robotaxi车辆和综合解决方案。Robotaxi大规模投放后，并没有创造出显著的增量需求。到2027年，仅中东地区就要部署至少1200辆Robotaxi。放眼全球，小马智行计划在2026年内于20余座城市部署超过3000辆Robotaxi，海外城市占比接近一半。中国Robotaxi产业的估值，正在经历结构性转换。","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://tech.ifeng.com/c/8tAUYxRxa51","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"fenghuang_stock","symbols":["BK4543","BK4574","BK4587","PONX","BK4124","BK4612","KBDU","SG9999001093.SGD","BK1109","00800","LU1023057109.AUD","02026","BK4602","LU0359202008.SGD","BK4023","BK4077","LU0287142896.SGD","BK1531","09888","BK4526","BK1229","BK4531","BK4548","WRD","BK4614","BK4579","LU1115378108.SGD","LU0359201612.USD","BK4504","PONY","BK1258","LU0173614495.USD","BK1144","IE00B0JY6N72.USD","BK1104","BK4514","BK4535","BK4588","BK4609","BIDU","BK4585","BK4552","LU0640798160.USD","BIDG"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2634092274","title":"Robotaxi收入大增但占比有限，小马智行减亏超7成靠公允价值变动，Non-GAAP亏损反增31%","url":"https://stock-news.laohu8.com/highlight/detail?id=2634092274","media":"深圳商报·读创","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2634092274?lang=zh_cn&edition=fundamental","pubTime":"2026-05-11 16:28","pubTimestamp":1778488117,"startTime":"0","endTime":"0","summary":"5月8日，在公司2026年第一季度业绩说明会上，中国外运表示，为推动物流行业自动驾驶应用，中国外运与小马智行合资成立青骓物流科技有限公司，主要探索自动驾驶卡车规模化商业落地的全新模式。4月下旬，小马智行公布其港股上市后首份经审计年报。年报显示，作为公司第一大收入（占比近半）来源，小马智行Robotruck（自动驾驶卡车）收入增长显著放缓，中国外运此举，对小马智行无疑构成利好。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"stock_eastmoney","url":"http://finance.eastmoney.com/a/202605113733112344.html","rn_cache_url":null,"directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://finance.eastmoney.com/a/202605113733112344.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":"stock_eastmoney","symbols":["BK4023","SG9999001093.SGD","PONY","BK1109","02026"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2634209644","title":"净亏损同比扩大31.5%，小马智行的Robotaxi生意仍不好做","url":"https://stock-news.laohu8.com/highlight/detail?id=2634209644","media":"快马财媒","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2634209644?lang=zh_cn&edition=fundamental","pubTime":"2026-05-11 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22:17","pubTimestamp":1778336259,"startTime":"0","endTime":"0","summary":"记者从小马智行获悉，2026年“五一”假期期间，时代少年团“加冠礼”演唱会在广州南沙大湾区文化体育中心举行，四场演出累计吸引22万人次歌迷及家长跨城奔赴，其中95%以上为市外游客。面对瞬时爆发的巨大人流，在政府务实高效的组织协调下，南沙的交通体系经受住了巨大考验。小马智行Robotaxi积极参与到交通疏散保障中，与官方接驳大巴、地铁一起，共同组成了立体交通保障体系。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"stock_eastmoney","url":"http://finance.eastmoney.com/a/202605093732286235.html","rn_cache_url":null,"directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://finance.eastmoney.com/a/202605093732286235.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":"stock_eastmoney","symbols":["BK4023","SG9999001093.SGD","PONY","BK1109","02026"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2634497419","title":"小马智行的减亏“假象”：公允价值变动粉饰业绩，“烧钱”扩张下盈利难题待解","url":"https://stock-news.laohu8.com/highlight/detail?id=2634497419","media":"市场资讯","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2634497419?lang=zh_cn&edition=fundamental","pubTime":"2026-05-09 15:03","pubTimestamp":1778310180,"startTime":"0","endTime":"0","summary":"　　近期，小马智行发布了港股上市后的首份年报。虽然2025年亏损净额同比大幅收窄超七成，但主要受益于公允价值变动收益。　　证券之星注意到，三大业务板块中，小马智行第一大收入自动驾驶卡车服务2025年营收增长近乎原地踏步，而自动驾驶出行服务实现爆发式增长，但营收规模较小，尚难扛起盈利大旗。当前，小马智行仍处于“烧钱换规模”的阶段，叠加Robotaxi赛道竞争白热化，进一步挤压了盈利空间。为此，小马智行持续推进车队规模的扩张。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.sina.com.cn/stock/s/2026-05-09/doc-inhxhuvi3439744.shtml","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"sina","symbols":["SG9999001093.SGD","BK4023","PONY","BK1109","02026"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2633770183","title":"小马智行-W(02026.HK)拟5月26日举行董事会会议批准季度业绩","url":"https://stock-news.laohu8.com/highlight/detail?id=2633770183","media":"中金财经","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2633770183?lang=zh_cn&edition=fundamental","pubTime":"2026-05-06 17:27","pubTimestamp":1778059623,"startTime":"0","endTime":"0","summary":"格隆汇5月6日丨小马智行-W(02026.HK)发布公告，谨定于2026年5月26日(星期二)举行董事会会议，以(其中包括)考虑及批准集团截至2026年3月31日止三个月的未经审计财务业绩及其发布。\r\n\r\n　　公司管理层将于美国东部时间2026年5月26日(星期二)上午八时正(即北京╱香港时间同日的下午八时正)举行业绩电话会议。","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://sc.stock.cnfol.com/gushizhibo/20260506/32203228.shtml","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"zhongjincaijing_highlight","symbols":["SG9999001093.SGD","02026","BK1109","BK4023","PONY"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2633277994","title":"小马智行-W(02026)逆市上扬2.46% 机构看好Robotaxi商业化落地加速推进","url":"https://stock-news.laohu8.com/highlight/detail?id=2633277994","media":"金吾财讯","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2633277994?lang=zh_cn&edition=fundamental","pubTime":"2026-05-05 14:07","pubTimestamp":1777961240,"startTime":"0","endTime":"0","summary":"金吾财讯 | 小马智行-W 盘中你是上扬，截至发稿，报81.20港元，涨幅2.46%，成交额1404.93万港元。消息面上，国信证券研究认为，小马智行是自动驾驶出行大规模商业化领域的全球领先企业。1)Robotaxi规模化运营持续推进，截至2026年3月25日，公司的自动驾驶出租车车队已突破1400台，2026年，公司计划将Robotaxi车队规模扩至3000辆以上；2)2025年11月和2026年2月，公司分别在广州和深圳达成城市范围单车盈利转正。","market":"other","thumbnail":"https://static.szfiu.com/news/20250110/ZDlhMzNiODA0MWQ5OWM0NDQ5YzUxMTZmZWRlMTczNjQ3MzM4NzkwNQ==.jpg","type":0,"news_type":0,"thumbnails":["https://static.szfiu.com/news/20250110/ZDlhMzNiODA0MWQ5OWM0NDQ5YzUxMTZmZWRlMTczNjQ3MzM4NzkwNQ==.jpg"],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"1980610","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["SG9999001093.SGD","02026","BK4023","BK1109","PONY"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2632628134","title":"顶配变标配：中国车企北京车展集体“摊牌”","url":"https://stock-news.laohu8.com/highlight/detail?id=2632628134","media":"中国经营网","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2632628134?lang=zh_cn&edition=fundamental","pubTime":"2026-05-02 03:43","pubTimestamp":1777664595,"startTime":"0","endTime":"0","summary":"站在2026（第十九届）北京国际汽车展览会（以下简称“2026北京国际车展”）现场，中国汽车产业竞争规则的转变，被直白地摆在了每一个展台上。走进中国国际展览中心E3馆，比亚迪直接包下了整个场馆。这里的核心区域并没有留给铺天盖地的车模，而是搭建了“-30低温闪充”实测区和“天神之眼”全场景泊车体验区。","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"stock_eastmoney","url":"http://finance.eastmoney.com/a/202605023727498047.html","rn_cache_url":null,"directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://finance.eastmoney.com/a/202605023727498047.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"stock_eastmoney","symbols":["BK1539","BK4023","BK4551","BK4555","BK1119","BK4099","SG9999001093.SGD","02238","BK1109","PONY","XPEG","XPEV","EVS.SI","BK4526","02026","BK4505"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2631658869","title":"车展季·大咖说丨小马智行CEO彭军：自动驾驶不是单点突破，而是系统能力的竞争","url":"https://stock-news.laohu8.com/highlight/detail?id=2631658869","media":"每日经济新闻","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2631658869?lang=zh_cn&edition=fundamental","pubTime":"2026-04-30 21:08","pubTimestamp":1777554507,"startTime":"0","endTime":"0","summary":"“自动驾驶最大的难点是复杂度，单个技术或者单个场景都不是非常复杂，主要是整体复杂度高，而复杂度高造成我们一定要在方方面面都做好。对头部玩家来说，当前考验它们的是系统化能力，是每一样都要做好的能力。”日前，小马智行创始人、CEO彭军在接受采访时表示。在2026年北京车展期间，小马智行联合宁德时代发布全车规全冗余L4级无人驾驶轻卡。这是小马智行从干线物流切入城市配送的关键落子。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"stock_eastmoney","url":"http://finance.eastmoney.com/a/202604303726707125.html","rn_cache_url":null,"directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://finance.eastmoney.com/a/202604303726707125.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"stock_eastmoney","symbols":["SG9999001093.SGD","PONY","02026","BK4023","BK1109"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2631770557","title":"专访｜小马智行彭军：自动驾驶进入“算账”阶段，下一战是“规模化”","url":"https://stock-news.laohu8.com/highlight/detail?id=2631770557","media":"广州日报新花城","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2631770557?lang=zh_cn&edition=fundamental","pubTime":"2026-04-29 12:20","pubTimestamp":1777436446,"startTime":"0","endTime":"0","summary":"站在2026年的节点回望，自动驾驶行业正经历从“讲故事”到“算细账”的关键时期。随着自动驾驶商业化进入深水区，成本、盈利、运营路线、海外拓展与行业监管成为市场焦点。在2026北京车展上，小马智行创始人、CEO彭军接受广州日报记者采访时表示，行业已告别技术概念比拼，下一阶段的竞争焦点就是规模化。未来三年，行业需要突破生产、成本、法规、落地、运营能力五大瓶颈。","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"stock_eastmoney","url":"http://finance.eastmoney.com/a/202604293724151453.html","rn_cache_url":null,"directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://finance.eastmoney.com/a/202604293724151453.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"stock_eastmoney","symbols":["02026","PONY","SG9999001093.SGD","BK4023","BK1109"],"isVideo":false,"video":null,"gpt_icon":1},{"id":"2630203371","title":"【券商聚焦】华泰证券维持小马智行(02026)“买入”评级 指其加速商业化部署","url":"https://stock-news.laohu8.com/highlight/detail?id=2630203371","media":"金吾财讯","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2630203371?lang=zh_cn&edition=fundamental","pubTime":"2026-04-28 17:24","pubTimestamp":1777368286,"startTime":"0","endTime":"0","summary":"金吾财讯 | 华泰证券发布研报指，小马智行 于2026北京车展密集发布商业化与技术进展，围绕成本、算力、产品、运营基础设施四条主线推动Robotaxi和Robotruck从技术验证走向规模化商业部署。研报维持“买入”评级，目标价195港元/25美元。L4 Robotaxi成本已低于特斯拉Model 3最低配，强化资产方与运营主体参与车队共建的经济基础。基于2026E可比公司EV/Sales均值3.5x，维持DCF退出倍数4.4x EV/Sales，给予目标价25美元/195港元，重申“买入”。","market":"hk","thumbnail":"https://static.szfiu.com/news/20241108/MDc2YjQxZmY4Y2VkNWEzNDU4MmJiNGExMDgxOTA3MjUwMzc=.jpg","type":0,"news_type":0,"thumbnails":["https://static.szfiu.com/news/20241108/MDc2YjQxZmY4Y2VkNWEzNDU4MmJiNGExMDgxOTA3MjUwMzc=.jpg"],"rights":null,"property":["rate"],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"1980085","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["SG9999001093.SGD","PONY","BK4023","02026","BK1109"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2630334911","title":"宁德时代与北汽合作推进换电车型落地；小马智行新Robotaxi成本将低于23万元丨汽车早参","url":"https://stock-news.laohu8.com/highlight/detail?id=2630334911","media":"每日经济新闻","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2630334911?lang=zh_cn&edition=fundamental","pubTime":"2026-04-27 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| 小马智行彭军：Robotaxi下半场，拼的是规模化成本","url":"https://stock-news.laohu8.com/highlight/detail?id=2630387846","media":"中国经营报","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2630387846?lang=zh_cn&edition=fundamental","pubTime":"2026-04-26 19:11","pubTimestamp":1777201903,"startTime":"0","endTime":"0","summary":"“自动驾驶分级标准不是最核心的，最关键的是出了事，车企和当事人到底谁该负责。”在2026北京车展媒体沟通会上，小马智行创始人、CEO彭军把自动驾驶行业长期争论的技术分级，拉回到一个更直接的问题：出了安全事故以后，到底谁负责。图/小马智行创始人、CEO彭军在彭军看来，L1、L2、L3这些分级并不是自动驾驶商业化最核心的判断标准，真正关键的是责任边界——要么是人负责，要么是车负责。","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"stock_eastmoney","url":"http://finance.eastmoney.com/a/202604263719336460.html","rn_cache_url":null,"directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://finance.eastmoney.com/a/202604263719336460.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"stock_eastmoney","symbols":["SG9999001093.SGD","02026","BK1109","BK4023","PONY"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2630580322","title":"小马智行：2027版Robotaxi成本低于23万，低于特斯拉Model 3最低售价","url":"https://stock-news.laohu8.com/highlight/detail?id=2630580322","media":"新浪科技","labels":["productRelease"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2630580322?lang=zh_cn&edition=fundamental","pubTime":"2026-04-25 20:59","pubTimestamp":1777121940,"startTime":"0","endTime":"0","summary":"新浪科技讯 4月25日晚间消息，2026北京车展期间，自动驾驶企业小马智行宣布2027版全无人Robotaxi整车总成本下探至23万元以内，并发布全球首款全车规、全冗余L4级无人驾驶轻卡。　　小马智行创始人兼CEO彭军指出，小马智行2027版全无人Robotaxi整车总成本将下探至23万元以内，低于国产特斯拉Model 3最低配售价。　　2025年4月，小马智行在上海车展发布了行业标杆级第七代Robotaxi车型。","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.sina.com.cn/roll/2026-04-25/doc-inhvtmtc4061913.shtml","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"productRelease","news_rank":0,"length":0,"strategy_id":0,"source":"sina","symbols":["LU2290526834.HKD","TESL","BK4574","LU2896262040.SGD","BK4588","BK4604","LU1548497426.USD","LU1551013425.SGD","LU0053666078.USD","TSLQ","BK4527","LU0823414478.USD","BK4516","LU2063271972.USD","TSLZ","LU2250418816.HKD","LU0109391861.USD","LU0820562030.AUD","LU0348723411.USD","LU2462157665.USD","IE00BK4W5L77.USD","LU2756315318.SGD","LU2360106780.USD","LU2360107168.USD","TSDD","LU2471134796.USD","LU1861559042.SGD","LU1366192091.USD","LU0719512351.SGD","LU1861220033.SGD","BK4555","LU2326559502.SGD","TSII","LU0210536198.USD","LU1145028129.USD","LU1720051017.SGD","LU0708995401.HKD","LU2236285917.USD","BK4099","IE00BJLML261.HKD","LU0345770993.USD","LU2249611893.SGD","TEST","LU2087621335.USD","TSLT","LU1861558580.USD","TSLW","IE00B19Z8W00.USD","BK4550","LU0234570918.USD","LU2602419157.SGD","BK4533","LU0077335932.USD","LU1435385759.SGD","LU2471134523.USD","LU1066051225.USD","LU1267930730.SGD","BK4581","TSLI","IE00BK4W5M84.HKD","IE0034235303.USD","LU1914381329.SGD","TLA","SG9999015978.USD","GOOG","LU0345770308.USD","LU0345769631.USD","LU2023250330.USD","LU1861215975.USD","LU2417539215.USD","MSFT","TSYY","LU0056508442.USD","LU2213496289.HKD","LU0234572021.USD","BK4551","BK4585","BK4612","LU0466842654.USD","LU1429558221.USD","LU2456880835.USD","LU0345769128.USD","LU1232071149.USD","BK4511","LU0316494557.USD","02026","07766","LU0964807845.USD","LU1066051498.USD","LU1720051108.HKD","IE00BWXC8680.SGD","TSLO","LU0823411888.USD","LU0133085943.USD","IE00BSNM7G36.USD","BK1109","META","TSL","LU0320765059.SGD","AMZN","LU0943347566.SGD","LU1066051811.HKD","BK4598","LU1674673691.USD","LU2108987350.USD","LU0323591593.USD","LU0097036916.USD","LU0672654240.SGD","BK4543","LU0198837287.USD","SG9999015986.USD","LU2756315664.SGD","LU1551013342.USD","LU1839511570.USD","LU0820561818.USD","BK4592","LU2471134952.CNY","LU0820561909.HKD","NVDA","IE00B1BXHZ80.USD","IE00B1XK9C88.USD","LU2420271590.USD","SG9999015952.SGD","LU1066053197.SGD","IE00B19Z8X17.USD","LU2750360997.AUD","LU1629891620.HKD","PONY","AAPL","TSLR","LU2471134879.HKD","LU2750360641.GBP","TSLS","LU1852331112.SGD","IE00B19Z9505.USD","TSLP","LU2357305700.SGD","LU0082616367.USD","LU1674673428.USD","LU1778281490.HKD","SG9999001093.SGD","BK4534","TSLG","TSLY","BK4548","CRSH","SG9999015945.SGD","BK4023","LU2403377893.USD","LU0689472784.USD"],"isVideo":false,"video":null,"gpt_icon":0}],"pageSize":20,"totalPage":10,"pageCount":9,"totalSize":191,"code":"91000000","status":"200"}]}}