具体来看，2025年，东风商用车在新能源赛道加速疾驰，成为最大增长极。据介绍，在过去的一年，突破模块化电池、高效集成电驱桥、中央集成域 控、全域热管理等核心技术，完成超充、大电量、大电机、底置换电等前瞻商品布局，推出包括氢燃料和混动在内的70余款车型，全年销量破万，同比翻 番。这不是简单的数量增长，而是技术储备到市场认可的质变。 在智能网联方面，东风商用车完成了从"演示"驶入"运营"阶段。据介绍，搭载高阶辅助驾驶的牵引车已累计销售超千台，安全运营里程突破2亿公里。 更引人注目的是，L4级无人驾驶矿卡与集装箱卡车，已告别实验阶段，进入常态化运营测试，在真实的港口与矿区默默奔跑。 一切源于可靠，不止于可靠。在变革的时代，可靠的基石让东风商用车敢于驰骋新赛道。1月31日，以"新起点 新征程"为主题的2026年东风汽车媒体创 享会在北京举行。东风商用车总经理刘利成为过去一年的奋斗与未来的雄心定下基调。面对能源转型与科技革命的浪潮，这家中国商用车巨头交出了一份增 长与转型并举的年度答卷，并描绘出一幅以"新"制胜的未来蓝图。 ■ 2025年在变革中夯实"可靠"基石 回望2025，全球商用车产业风起云涌。刘利成表示，面对复 ...

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记者获悉，中国豪华新能源汽车品牌极氪1月交付成绩出炉。受益于品牌口碑加速回暖，9X的持续热销以及焕新001、焕新7X订单快速增长，带动极氪 品牌整体销售攀升，本月交付达23852辆，同比劲增99.7%，成为增速最快的高端新能源品牌。这在传统汽车销售淡季，行业普遍面临电池、芯片等核心零 部件供应挑战的背景下，极氪贡献出的亮眼成绩，为高端豪华汽车市场注入强劲信心。25年下半年以来，极氪以更加坦诚透明的方式与用户沟通，提前预告 车型改款时间，推出多项权益保障举措，在终端市场引发积极反响。 此外，重磅新车型极氪8X也将在今年上半年上市，定位45万级别超级电混高性能旗舰，将与宝马X5M、奔驰GLE AMG、奥迪RS Q8等BBA主力性能车 型展开差异化竞争，有望进一步打开高端性能车市场增量空间。 ...

Group 1 - The German government announced the restart of a €3 billion electric vehicle subsidy program in early 2026, with a maximum subsidy of €6,000, aimed at revitalizing the domestic automotive industry and accelerating Europe's transition to electric vehicles [1][2] - The subsidy policy covers battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and range-extended electric vehicles (EREVs), with a tiered subsidy structure based on household income and vehicle type [2][7] - The decision to restart the subsidy program comes after a significant decline in electric vehicle registrations in Germany, with a 27.4% drop in 2024, leading to a market share decrease from 18.7% in 2023 to 13.5% [2][5] Group 2 - The subsidy program is designed to stimulate consumption among middle and low-income households and promote a diversified technology approach in the electric vehicle market [2][5] - The absence of production restrictions in the subsidy policy is expected to benefit Chinese electric vehicle manufacturers, providing them with an opportunity to expand their market presence in Germany [6][8] - The competitive pricing of Chinese electric vehicles, enhanced by the subsidies, is likely to strengthen their market position, with brands like BYD and SAIC gaining traction in the German market [7][8] Group 3 - The overall economic conditions in Europe, including rising inflation and energy prices, may limit consumer purchasing power and affect the demand for electric vehicles despite the subsidies [10][13] - European automakers face challenges in battery technology and production costs, which may hinder their competitiveness against Chinese manufacturers [10][12] - The disparity in subsidies between traditional fuel vehicles and electric vehicles in Germany may reduce the incentive for local manufacturers to prioritize electric vehicle development [10][13]

2月2日，商务部官网显示，商务部、中央宣传部、文化和旅游部、中国人民银行、金融监管总局、广电总局、体育总局、中国民航局、中国国家铁路 集团有限公司等9单位印发《2026"乐购新春"春节特别活动方案》（以下简称《活动方案》），意在繁荣节日市场，激发消费活力。 《活动方案》指出，2026年春节将迎来9天假期（2026年2月15日—23日），为繁荣节日市场、丰富群众文化生活、激发假期消费活力，打造全域联 动、全民乐享的春节消费盛宴，结合农历马年文化内涵与春节消费特点，制定本方案。 以下为《活动方案》全文： 2026"乐购新春"春节特别活动方案 2026年春节将迎来9天假期，为繁荣节日市场、丰富群众文化生活、激发假期消费活力，打造全域联动、全民乐享的春节消费盛宴，结合农历马年文 化内涵与春节消费特点，制定本方案。 一、工作思路 贯彻落实党中央、国务院关于扩大内需、提振消费系列决策部署，深入实施提振消费专项行动，打造"购在中国"品牌，坚持政府引导、市场主导、全 民参与，紧扣年俗文化、家庭团圆、购物出行等核心需求，聚焦首发经济、数字消费、绿色消费、智能消费、健康消费、入境消费等领域，通过商旅文体健 融合、线上线下联动，组 ...

在2026 CES上，联想车计算与韩国自动驾驶领军企业SWM正式宣布达成战略合作，双方将联合研发并部署新一代L4级自动驾驶出租车，推动"韩国型 Robotaxi平台"全球化落地进程。 近期，中韩汽车产业链的互动愈发频繁且深入，尤其是在自动驾驶领域，一系列合作动态持续释放出"双向奔赴"信号，开启了中韩汽车产业携手共进的 新历程。 多领域合作落地 在产业变革浪潮的推动下，中韩汽车供应链的互动从以往的单一零部件贸易，升级为涵盖技术研发、平台共建、市场共拓的全链条协同。 值得注意的是，中韩汽车供应链合作的深化与拓展，还体现在智能物流等场景的延伸上，进而开辟出价值增长的新变量。2025年6月，新石器与韩国仁 川经济自由区域厅签署合作协议，实现了该国历史上无人配送车的首次引入。同年7月，新石器与韩国仁川市政府签署战略合作协议，标志着双方在自动驾 驶、智能物流及智慧城市建设领域的合作迈出关键一步。新石器无人车创始人兼首席执行官余恩源表示，与韩国相关方面的合作，是新石器无人车全球化战 略的重要布局，也是中国智慧物流解决方案"出海"的重要桥梁。 互补优势驱动 中国汽车供应链经过多年发展，已形成完整且成熟的产业体系，尤其在自动驾 ...

Macroeconomic Policy - The Ministry of Commerce announced that from 2024 to 2025, China aims to achieve 18.3 million vehicle trade-ins, with nearly 60% being new energy vehicles [2] - A total of 17.67 million scrapped vehicles will be recycled nationwide, with an annual growth rate of 45.8% [2] - The second-hand vehicle transaction volume is projected to reach 39.686 million [2] Industry Trends - By 2025, China's second-hand vehicle transaction volume is expected to exceed 20 million for the first time, reaching 20.108 million, with a year-on-year growth of 2.52% [15] - In 2025, total vehicle sales are projected to be 34.4 million, with new energy vehicles surpassing 16 million, marking a year-on-year growth of 29% [17] - The domestic power battery installation volume is expected to reach 769.7 GWh in 2025, a year-on-year increase of 40.4% [19] - The total number of electric vehicle charging infrastructure units is projected to exceed 20 million by the end of 2025, with a year-on-year growth of 49.7% [21] - By 2025, the total number of motor vehicles in China is expected to reach 469 million, with 43.97 million being new energy vehicles, accounting for 12.01% of the total [23] International Developments - Toyota has maintained its position as the world's largest automaker for six consecutive years, with a total sales volume of 11.322 million vehicles in 2025, a year-on-year increase of 4.6% [26] - The European automotive parts industry announced layoffs of over 100,000 employees over two years, reflecting the challenges of transitioning to electric vehicles [28] - Canada will allow an annual quota of 49,000 Chinese electric vehicles to enter its market with a reduced tariff of 6.1% [30] - Germany has announced a new electric vehicle subsidy program with a budget of €3 billion, aimed at supporting the purchase of approximately 800,000 new vehicles [32] Corporate Dynamics - GAC Group and Huawei signed a comprehensive cooperation framework agreement to jointly develop smart mobility solutions [39] - Lixun Precision terminated its acquisition of assets from Wentai Technology in India due to compliance and delivery risks [41] - Aito aims to achieve an average annual sales target of 500,000 vehicles over the next two years [43] - Geely Holdings aims to exceed 6.5 million global sales by 2030, with 75% of sales coming from new energy vehicles [45] - Chery has maintained its position as the top exporter of Chinese passenger vehicles for 23 consecutive years, with over 1.34 million vehicles exported in 2025 [49] - Lantu Automotive has received approval for its listing in Hong Kong, marking a significant milestone for the company [51]

1月30日，宝马集团宣布，自2026年4月1日起，柯睿辰（Christian Ach）将接替高翔（Sean Green）出任宝马集团大中华区总裁兼首席执行官，全面负 责宝马集团大中华区业务，包括协调在中国的合资企业相关事务。高翔则将结束在华超过十年的管理任期。 柯睿辰 高翔 柯睿辰的履历透露出宝马此次选人的清晰逻辑。他拥有纯粹的宝马血统，1998年加入宝马集团，此后在集团销售体系内历任多个管理职务。2010至 2018年，他执掌MINI品牌德国业务，2018至2021年担任宝马德国销售负责人；2021年起负责涵盖瑞典、挪威、丹麦、芬兰等市场的宝马北欧区域销售， 2024年3月1日出任宝马德国首席执行官。 "高翔为我们在中国市场的业务发展和长期布局奠定了坚实基础，柯睿辰也将通过成熟的销售管理能力和国际化经验，推动宝马集团在中国市场迈入 新的发展阶段。"宝马集团负责客户、品牌及销售业务的董事高乐指出。 在柯睿辰的领导下，宝马集团在德国市场整体表现强劲，并实现电动汽车销量的显著增长。其积累的实战经验，为宝马集团拓展中国电动汽车细分市 场提供了重要参考。 再看高翔，12年在华任期内，他经历了中国豪华车市场的"黄金时代 ...

Core Insights - The Chinese special vehicle industry is accelerating its transformation towards electrification, intelligence, and efficiency, showing a positive trend in scale and quality improvement as it enters the "14th Five-Year Plan" period [1] - China National Heavy Duty Truck Group (CNHTC) aims to solidify its industry position by balancing market stability and progress, as well as integrating new and old strategies during the new competitive cycle [3] Market Performance - In 2025, the overall Chinese special vehicle market is stabilizing and growing, with CNHTC achieving annual sales of 38,000 units, including 20,000 medium and heavy-duty special vehicles and 18,000 light-duty special vehicles, marking significant breakthroughs in various segments [4] - CNHTC's market share in the medium and heavy-duty special vehicle sector reached its best performance in recent years, with over 75% market share in high-end special vehicles like fire and emergency trucks [4][6] Product Development - CNHTC's brands have shown strong performance in niche markets, with the HOWO brand leading in several categories, including a 44.8% market share in fire trucks and a 31.9% share in recovery vehicles [6] - The company emphasizes a dual approach of fuel and new energy products, showcasing over 40 vehicles and 20 key components at its recent partner conference, highlighting advancements in energy efficiency and adaptability [10] Strategic Focus - As part of its strategy for 2026, CNHTC has identified four key development pillars: product enhancement, ecosystem development, value marketing, and international expansion [12][14] - The company aims to deepen its understanding of market scenarios, enhance technical capabilities, and innovate business models to seize opportunities during structural transformations [11][14] Future Outlook - CNHTC is committed to customer satisfaction and aims to lead the special vehicle sector through technological innovation and collaboration with industry partners, focusing on creating high-quality, efficient products that meet market demands [16]

Core Insights - Dongfeng Motor is committed to a strategic transformation under the "One Dongfeng" initiative, aiming to enhance collaboration across its various business segments and achieve significant growth in the automotive market [1][29]. Group 1: Strategic Goals and Achievements - In 2025, Dongfeng's new energy vehicle sales reached 1.05 million units, marking a 21% year-on-year increase, while total sales of self-owned brands exceeded 1.5 million units, accounting for over 60% of total sales [4]. - The company aims to achieve overall sales of 3.25 million units in 2026, with specific targets of 1.7 million for new energy vehicles and 600,000 for exports [10][11]. Group 2: Technological Advancements - Dongfeng has significantly enhanced its core technology capabilities, with R&D investment intensity reaching 7.9%. The company has successfully mass-produced the DF30 automotive-grade MCU chip, achieving full-stack domestic control [7]. - The Mahle hybrid engine has achieved a thermal efficiency of over 48%, setting a new industry record, and the company has established a 16,000-ton integrated die-casting production line to improve vehicle manufacturing efficiency [7]. Group 3: Brand Development and Market Positioning - Dongfeng's brand strategy includes the launch of the "Yijing" brand in collaboration with Huawei, focusing on high-end intelligent vehicles, while the Dongfeng Warrior and Dongfeng Lantu brands aim to lead the luxury electric off-road and high-end markets, respectively [10][11]. - The company is exploring a new model characterized by "Chinese customers, Chinese standards, Chinese components, and Chinese speed," fostering a strategic community for co-creating value [10]. Group 4: Future Outlook and Reforms - In 2026, Dongfeng plans to implement deeper reforms to enhance market responsiveness by granting greater autonomy to frontline business units, enabling quicker decision-making and actions [24]. - The company emphasizes that its future growth will be driven by technological innovation, collaborative development, and internal reforms, positioning itself to lead in the evolving automotive industry [29].