Taiwan Stock Exchange weighted index opened down 295.47 points, or 0.66%, at 44,466.85 on Tuesday, Aug. 25.

1. 明確自動駕駛違法由車企擔責，道路交通安全法修訂草案提請審議。 2. 上海：加速L3級有條件自動駕駛、L4級高度自動駕駛量產。 3. 國家能源局：截至7月底，我國電動汽車充電基礎設施（槍）總數達到2368.3萬個。 4. 特斯拉上調美國市場Cybertruck部分車型售價。 5. 蔚來智駕負責人任少卿創立具身智能公司，蔚來將戰略投資。 6. 小鵬集團：上半年研發開支同比增長39%，系新車型及AI相關技術開發相關的開支增加所致。 7. 零跑汽車確認佈局機器人業務，稱將很快發佈正式公告。 8. 中國一汽與零跑汽車簽署深化戰略合作協議。 9. 保時捷與印度最大IT服務公司達成15億美元的AI部署合作協議。 10. 大衆CEO布魯姆將直面員工挑戰，推動大規模重組計劃。 11. 機構：Q2全球新能源車銷量同比增長10.4%，海外市場成中系車廠核心競爭力。 12. 曝追覓造車主體“星空計劃”相關公司或將註銷，員工最高獲賠N+1.5。

Li Auto-W (02015.HK) reports Q2 results on Wednesday. A Visible Alpha survey of analysts expects a RMB1.52 bln net loss (≈$226.1 mln) versus a RMB1.09 bln profit a year earlier, with revenue seen at RMB25.17 bln, down 17% YoY. After gross margin fell to 7.9% in Q1, investors will watch whether Q2 margin rises above 10% as a signal of an earnings inflection. Jefferies says ongoing refreshes of core L-series models should support volume recovery and margin improvement; deliveries fell 11.5% YoY in Q2, and the market will monitor whether Li Auto can restore YoY delivery growth in Q3. Jefferies expects the updated L6 to drive the recovery, projecting L6 monthly sales to rise from a H1 average of ~5,000 to about 10,000 in September; launches of new L9 and L8 complete the L-series refresh. On pure-electric plans, i8 has underperformed while lower-priced i6 has become the primary volume model; management comments on i6 order momentum, profitability and timing/rollout of the upcoming i9 will be key to judging whether EVs can become a second growth engine.