Segue just unveiled three electric bikes and this is the one that I'm most excited about. It is their Mushi. It is a city focused electric cargo bike.And one of the things that I think stands out the most is the proportions. You've got these small tires. You've got this really low frame. The batter is really low.The proportions are almost like a kick scooter mixed with a bike. And they tell me that that allows them to keep the center of gravity nice and low. You can actually add a cargo basket right here. Y ...

just really up there. This is the Segue Mayion, one of three electric bikes that Segue just debuted, and it's the most traditional ebike shaped one. So, let's talk about this fully featured electric bike.It's got a 500 watt electric motor that when you add your pedaling power to it, gives you around 1,500 watts of pedal power. That means that you have a range with the battery in here of around 80 miles, which is pretty good. You can probably ride around a week on that before you need to recharge it.It's got ...

Core Insights - CES 2026 showcases a significant shift in AI integration, moving from software applications to physical world applications through various hardware innovations [1][2] - The event features over 4,100 exhibitors and is expected to attract more than 150,000 attendees, indicating a full recovery and heightened interest in technology [1] - The focus is on four key areas: robotics and embodied intelligence, smart vehicles, AI hardware, and innovative tech, which are seen as the main drivers of innovation this year [1] Robotics and Embodied Intelligence - CES 2026 marks a turning point for robotics, with a dedicated exhibition hall for embodied intelligence, indicating a shift from novelty to practical applications in manufacturing, transportation, and healthcare [4] - Chinese companies dominate the robotics sector, with over half of the exhibitors showcasing advancements in embodied intelligence, highlighting the competitive landscape [4] - Boston Dynamics' Atlas robot demonstrates its evolution from a prototype to a functional industrial product, set to perform real manufacturing tasks [5][7] AI Hardware - AI is becoming seamlessly integrated into everyday products, moving beyond mere automation to enhance functionality and user experience [27] - The trend of AI companionship is evolving, with products tailored to different life stages, emphasizing emotional support and interaction [27] - The recording technology sector is becoming increasingly competitive, with innovations aimed at capturing and processing information more effectively [27] Smart Vehicles - The automotive sector at CES 2026 presents a stark contrast between the vibrant Chinese market and the subdued American presence, reflecting a shift in global automotive dynamics [42] - Nvidia's Alpamayo introduces advanced logical reasoning capabilities for autonomous driving, marking a significant advancement in vehicle intelligence [43][45] - Strutt's Ev1 smart electric wheelchair enhances user independence by incorporating advanced navigation technology, showcasing the potential for smart mobility solutions [46][48] Innovative Products - The NuraLogix "longevity mirror" offers health monitoring capabilities without invasive procedures, representing a shift towards proactive health management [67][69] - Withings' Body Scan 2 smart scale provides comprehensive health assessments, aiming to transform daily health monitoring into a routine practice [70][72] - Mui Lab's wooden sleep monitoring board exemplifies a blend of technology and natural materials, offering a non-intrusive way to track sleep quality [73]

Core Viewpoint - The report from Tianfeng Securities indicates that Kairun Co., Ltd. experienced a decline in net profit attributable to shareholders in the first half of 2025, while its non-recurring net profit showed growth, highlighting a mixed financial performance driven by different business segments [1] Financial Performance - The company's net profit attributable to shareholders for the first half of 2025 was 187 million, a decrease of 25% year-on-year [1] - The non-recurring net profit attributable to shareholders was 181 million, reflecting a year-on-year increase of 14% [1] Business Segments - The contract manufacturing segment generated revenue of 2.1 billion, marking a year-on-year growth of 37% [1] - The luggage manufacturing business achieved revenue of 1.4 billion, with a year-on-year increase of 13%, indicating stable growth [1] - The apparel manufacturing segment saw revenue of 700 million, which represents a significant year-on-year growth of 148%, demonstrating the effective implementation of the strategy to develop a second growth curve through fabric and garment integration [1] Profitability and Efficiency - The gross margin of the contract manufacturing business increased by 1 percentage point year-on-year, attributed to continuous optimization of product structure and improvements in production efficiency [1] - The apparel business's gross margin saw significant enhancement due to ongoing management strengthening and integration efforts [1] Global Expansion and Supply Chain Management - The company has established a global production base in regions such as Indonesia, China, and India, which are advantageous in terms of labor costs and tariff policies, while also having high potential for end-consumer demand [1] - Kairun Co., Ltd. is deepening its supply chain management by forming stable partnerships with renowned suppliers like Covestro, DuPont, Toray, YKK, and Segway, creating core competitive advantages through a "deep product supply chain + cross-border operations" model [1] Investment Outlook - The company has adjusted its profit forecast and maintains a "buy" rating, indicating a positive outlook for future performance [1]

Core Viewpoint - The article highlights the entrepreneurial journey of Ninebot, founded by Gao Lufeng and Wang Ye, showcasing its evolution from a small startup in a basement to a major player in the smart mobility sector with a market value of 46 billion yuan, emphasizing innovation and strategic acquisitions as key drivers of success [4][5]. Group 1: Company Background - Ninebot was established in 2012, focusing on the development of smart balance vehicles, and has since expanded its product line to include electric scooters and robots [11][12]. - The founders, both graduates from Beihang University, leveraged their technical expertise and business acumen to create a company that has become a leader in the short-distance travel market [4][5][24]. Group 2: Key Milestones - In 2015, Ninebot made headlines by acquiring Segway, a pioneer in the balance vehicle market, which significantly enhanced its patent portfolio and market reach [13][14]. - Following the acquisition, Ninebot optimized production processes, reducing manufacturing costs by 60% and increasing product accessibility, leading to a market share exceeding 90% in certain European countries by 2016 [14][15]. Group 3: Market Strategy and Growth - Ninebot's entry into the electric two-wheeler market in 2019 was initially met with skepticism, but the company identified opportunities for innovation and differentiation, leading to significant sales growth [18][19]. - By 2025, Ninebot's electric two-wheeler sales exceeded 6.82 billion yuan, accounting for 58% of total revenue, with a year-on-year growth rate of 101.6% [20][21]. Group 4: Future Aspirations - Despite the rapid growth in the electric vehicle segment, the founders maintain a long-term vision centered on robotics, aiming to develop advanced service robots and expand into new markets [22][23]. - Ninebot has diversified its product lines to include seven categories, with a revenue of 11.742 billion yuan in the first half of 2025, indicating a strong market presence and ongoing innovation [25].