当电动汽车业务持续亏损，美国总统特朗普的关税政策又带来重压时，越来越多的跨国车企选择重 新加码内燃机。 近日，通用汽车宣布，将斥资8.88亿美元，在纽约州托纳万达工厂投产新一代V8发动机。本田也计 划削减电动化领域投资，同时进一步强化油电混合动力车产品线。另外，梅赛德斯-奔驰、Stellantis、 马自达、斯巴鲁、丰田等多家车企此前都承诺继续投资内燃机技术。 本田这样做，同样是基于现实考虑。2024财年（2024年4月~2025年3月），本田净利润同比下降 24.5%。尤其是2025年1-3月，本田季度净利润同比暴跌87%。严峻的数据迫使本田做出改变。发展混动 确保基本盘，同时对纯电采取渐进策略，则成了本田的最优解。 博弈与平衡 值得注意的是，跨国车企对内燃机的重新加码并非始于2025年，早在2024年便已显现诸多端倪。 2024年初，丰田汽车会长丰田章男宣布，丰田将继续生产发动机，且已经启动了新型内燃机开发项 目。随后在2024年5月底，丰田、马自达、斯巴鲁三家车企的社长罕见地共同露面，承诺将继续投资内 燃机技术，并通过使内燃机与电动化技术相结合，与绿色替代燃料（如生物燃料和合成燃料）兼容，从 而助力内燃 ...

Monetary Policy - The People's Bank of China will reduce the reserve requirement ratio for auto finance and financial leasing companies from 5% to 0% to enhance credit capacity and business expansion opportunities [1][2] Industry Standards - The Ministry of Industry and Information Technology is soliciting opinions on the mandatory national standard for automotive door handles, focusing on hidden door handles and emergency access requirements [3][4] Smart Manufacturing - The National Bureau of Statistics emphasizes the development of smart connected new energy vehicles and intelligent manufacturing equipment as part of the "Digital China Construction 2025 Action Plan" [5][6] Government Procurement - The Central Committee and State Council have revised regulations to prioritize the procurement of domestic new energy vehicles for government use [7][8] Trade Policies - The Ministry of Commerce is promoting more foreign trade enterprises in sectors like automotive to participate in "trade-in" programs to boost domestic consumption [9][10] Cybersecurity - The Central Cyberspace Affairs Commission is launching a special action to address issues related to malicious online attacks on enterprises [11][13] Market Dynamics - Beijing allocated 118,400 new energy vehicle indicators for families, significantly responding to public demand and stimulating consumption [14][15] Automotive Exhibition - The 2025 Shanghai International Auto Show showcased 1,366 vehicles, with over 70% being new energy vehicles, highlighting the strong consumer vitality in the Chinese automotive market [17][18] Export Performance - In the first four months, China's exports of mechanical and electrical products reached 5.04 trillion yuan, with automotive exports growing by 4% [19][20] Production and Sales - In the first four months, China's automotive production and sales exceeded 10 million units for the first time, with year-on-year growth of 12.9% and 10.8% respectively [21][22] Charging Infrastructure - Over 6,500 highway service areas in China have established charging parking spaces, significantly alleviating charging difficulties for new energy vehicle owners [23][24] Battery Standards - The China Society of Automotive Engineers released a group standard for all-solid-state batteries, clarifying definitions and testing methods [25][26] EU Regulations - The EU's battery supply chain due diligence and carbon footprint reporting deadlines have been postponed, providing a buffer for Chinese lithium battery exports [27][28] Corporate Developments - Panasonic plans to lay off 10,000 employees globally as part of its restructuring efforts, while its battery division remains unaffected [29][30] - Chinese automakers Great Wall and GAC are expanding their presence in Brazil with local production and investment plans [31][32] - Nissan announced a global layoff of 20,000 employees amid significant financial losses, indicating a major restructuring [33][34] - Honda is reducing its electric vehicle investment while strengthening its hybrid lineup due to market uncertainties [35][36] - Mercedes-Benz is establishing its North American headquarters in Atlanta to enhance operational and R&D capabilities [37][38] - Stellantis announced a new CEO, emphasizing the need for revitalization [39] - Elon Musk is leaving the Trump administration to return to Tesla, easing investor concerns [40][41] Company Strategies - Changan Automobile is taking legal action against misinformation regarding its corporate structure [43][44] - Geely plans to fully merge with Zeekr, aiming for resource integration [45][46] - Geely has implemented a rotating presidency system to enhance management efficiency [47][48] - China National Heavy Duty Truck Corporation announced a new leadership team to drive innovation [49][50] - BYD established its European headquarters in Hungary, marking a significant step in its internationalization [51][52] - CATL successfully listed on the Hong Kong Stock Exchange, bolstering its global strategy [53] - Xiaomi unveiled its second car model, the YU7, amidst public scrutiny [54][55] - Middle Eastern capital has taken over HiPhi Automotive, indicating a cross-border investment trend [56][57]

国内新闻 2025粤港澳大湾区车展假期成交40亿元 5月31日至6月8日，2025粤港澳大湾区车展在深圳国际会展中心（宝安）举办，本届展会汇聚了112家整车品牌的1039款车 型，共举办50场新车发布会。车展前三日恰逢端午假期，主办方预测车展总客流量和总成交额继续刷新历史纪录，共有45万人 次观众参与本届车展，比上届增长27.84%，成交预计为40亿元，比上届增长8.1%。 端午假期预计全社会跨区域人员流动量累计6.57亿人次 日均同比增长3% 据报道，2025年5月31日至6月2日（端午节假期期间），预计全社会跨区域人员流动量累计6.57亿人次，日均2.19亿人次， 同比增长3%。其中，公路人员流动量（包括高速公路及普通国省道非营业性小客车人员出行量、公路营业性客运量）累计6.0亿 人次，日均2.0亿人次，同比增长3.14%。 国际新闻 2025年《财富》美国500强排行榜出炉，特斯拉排名首次下滑 6月2日，2025年《财富》美国500强排行榜发布。其中，特斯拉（第43位）第九年登上《财富》美国500强榜单，排名首次 出现下滑。2017年特斯拉首次上榜，位列第383位。通用汽车公司（第18位）是《财富》美国 ...

Core Insights - The forum highlighted the dual challenges and opportunities in the automotive powertrain sector, emphasizing the need for innovation and collaboration to meet carbon neutrality goals [2][3][4]. Group 1: Technological Innovation - The discussion centered on the necessity of developing specialized internal combustion engines for electric and e-Fuels, as well as new configurations and AI-based control systems to achieve carbon neutrality [3]. - Li Jun presented data indicating that hybrid power systems produce 30 tons of carbon over their lifecycle, while the 2030 peak carbon requirement is set at 20 tons, ultimately needing to reduce to 8-10 tons for carbon neutrality [3]. - Innovations such as the heat-electric composite power system combining diesel engines and fuel cells can achieve a 60% reduction in carbon emissions, making it viable for heavy-duty commercial vehicles [3]. Group 2: Industry Collaboration - The importance of establishing a sustainable industrial ecosystem was emphasized, with calls for a basic ethical framework to promote stable and win-win industry relationships [6]. - Li Qingwen highlighted the need to differentiate between fair and irrational competition, advocating for a regulatory environment that encourages innovation [6]. - Zhang Xiaoyu noted that competition with established bottom lines benefits industry development, and companies should focus on meeting specific user needs through differentiated product strategies [6]. Group 3: Global Strategy - The necessity of localization in product development was underscored, with Toyota's approach of understanding local customer needs and involving local engineers in the development process being highlighted [8]. - Matias Giannini proposed a global collaboration model, suggesting that automakers should focus on core competencies and leverage global resources for powertrain services [8]. - Li Qingwen stressed the strategic importance of localizing operations in markets like India, Thailand, and Brazil, advocating for a shift from a catch-up mentality to pioneering innovative technologies and products [8].

长期以来，中国汽车产业在规模上飞速扩张，综合产能不断攀升，已然成为全球汽车生产的重要力量。然而，在繁荣表象之下，产能结构不合理的问 题愈发凸显。中关村京津冀新能源汽车协同发展促进会会长张夕勇日前透露，中央层面即将发布相关文件，聚焦如何综合提高汽车产能利用率。他表示， 有必要重新定义汽车产能，明确优质产能、有效产能、低效产能与无效产能等概念，合理进行产能优化和资源配置。 释放政策信号 产能再定义迫在眉睫 据了解，部分企业虽拥有庞大的生产规模，产品却因质量、技术等因素难以满足市场需求，其产能在实际意义上沦为低效甚至无效产能，白 白耗费大量人力、物力与财力。与此同时，那些真正能生产出高品质、符合市场趋势产品的有效产能，却可能因资源受限，无法充分释放潜力， 阻碍了产业的整体升级。 某跨国汽车零部件供应商中国区负责人赵江林（化名）告诉《中国汽车报》记者，产能结构不合理的问题不仅体现在汽车行业，在汽车供应链领域同 样如此。去很多城市出差时，当地招商局的同志们都热切期盼他所在的企业能在当地建厂。可见，各地方政府都希望借此来拉动当地的GDP、税收和就 业。然而，当他看到某汽车产业园内枯草林立，始终找不到企业"接盘"时，那种重 ...

6月1日-6月2日，端午小长假邂逅六一儿童节，"魅力重庆 长安同行"无人机灯光秀为大朋友小朋友"量身定制"精彩展演，不仅有孙悟空、哪吒等 重庆人的童年记忆，还有长安汽车带来的专属祝福，文化与童趣碰撞，科技与光影共舞，向世界展示一个硬核且浪漫的光影重庆。 本次双节期间，央企长安积极履行企业公民责任，不仅带来无人机灯光秀，还在各大热门景点准备了超多新玩法。在江北a台，深蓝S09与大家互动出 片，定格"吞"轻轨创意瞬间；在洪崖洞，阿维塔06派发粽子盲盒，邀请全球游客"品尝"热辣山城；在重庆开埠遗址公园，长安启源与大家穿越时空，解锁百 年故事；在洋炮局1862文创园，长安汽车打造了"双节相逢 与粽不同"亲子集市，通过丰富多彩的活动，让大朋友小朋友收获别样节日体验。 相比六一的童趣，6月2日的展演，则充满想象力。届时长安汽车将为大家献上一场璀璨的流星雨，重庆夜空将秒变大型许愿现场，科技与浪漫，在此刻 完美相融。 "吞"轻轨、发粽子盲盒，央企长安带来超多新玩法 作为山城重庆的龙头车企、中国品牌的典型代表，长安汽车厚植根基、韧性增长，不仅产业结构持续优化，经营质量稳健向好，其三大数智电动品牌更 是分别名列央企NO.1，持续 ...

Core Viewpoint - Zhengzhou Nissan officially launched its new "smart electric hybrid" Z9 GE PHEV during the "Duanwu Wonderful Tour" event, showcasing a blend of traditional culture and modern technology [1][3]. Product Launch - The Z9 GE PHEV offers two versions with electric ranges of 60 km and 135 km, and is available in seven configurations with a price range of 156,900 to 219,900 yuan [1]. - The vehicle features a unique external discharge function, allowing it to act as a "mobile power station" for various outdoor activities [4][6]. Technological Innovation - The event utilized MR (Mixed Reality) technology to connect traditional culture with modern electric hybrid technology, providing an immersive experience for attendees [3]. - The Z9 GE PHEV is equipped with a multi-source energy system, including electric, oil, and hybrid modes, which enhances fuel efficiency and reduces operational costs [10]. User Experience - The interior of the Z9 GE PHEV is designed for luxury and comfort, featuring Nappa leather seats with multiple adjustments and a panoramic sunroof, enhancing the camping experience [10]. - The vehicle supports various outdoor activities, transforming into a cinema or music venue, and is equipped to power appliances like refrigerators and coffee machines [6][8]. Cultural Integration - The event featured the character "Tang Xiaomei" from the "Tang Palace Night Banquet" IP, who engaged with the vehicle's smart features, highlighting the synergy between traditional culture and modern technology [11][13]. - Zhengzhou Nissan emphasizes the importance of cultural resonance and user needs in its product development, aiming to lead the electric transformation in the pickup market [16]. Industry Leadership - Zhengzhou Nissan positions itself as a leader in the Chinese pickup industry, leveraging its parent company Dongfeng's advantages in the new energy sector and Nissan's global manufacturing expertise [15][16].

Core Insights - The Chinese automotive market is transitioning from an "incremental era" to a "user-centric operational era" as the penetration of new energy vehicles (NEVs) continues to rise [1] - A report released at the 2025 Future Automotive Pioneer Conference identifies eight typical user profiles of NEV owners, highlighting the need for car manufacturers to shift from product-centric to user-centric strategies [1][9] User Profiles and Behavior - The report categorizes NEV owners into eight distinct groups: "Life Calculators," "Modern Youth," "Trendy Quality Seekers," "Value Quality Stream," "Warm Family," "Tech Pioneers," "Outdoor Experience Seekers," and "Pragmatic Strivers," reflecting significant differences in their travel behaviors [4][5] - In high-tier cities, "Tech Pioneers" favor advanced technology features and prefer vehicles with large batteries and fast charging capabilities, while "Modern Youth" prioritize aesthetics and smart experiences [4] - In lower-tier cities, "Life Calculators" dominate, focusing on cost-effective and practical vehicles for short commutes, while "Pragmatic Strivers" are characterized by high vehicle usage frequency and a preference for night-time charging [5] Charging Preferences and Usage Patterns - Charging habits vary significantly among user groups, with "Life Calculators" and "Value Quality Stream" users favoring night-time slow charging, while "Modern Youth" and "Trendy Quality Seekers" prefer daytime fast charging [9] - The report indicates that NEV users' charging behaviors are closely linked to their urban environment, with high-tier city users emphasizing brand and technology, while lower-tier city users prioritize cost and practicality [9][10] Market Trends and Future Directions - The consumption logic for NEVs is shifting from "technology-driven" to "lifestyle-driven," with a focus on understanding user scenarios, travel rhythms, and charging habits [10] - The market is moving towards providing tailored solutions rather than just selling configurations, emphasizing the importance of deep understanding and close service to gain user trust and loyalty [10]

Core Viewpoint - Guangxi Yuchai Machinery Group Co., Ltd. (Yuchai) is committed to innovation and green development, showcasing its technological strength and determination to lead in the energy transition through the launch of five new energy products at the National Science Workers' Day event [2][3][18] Group 1: New Product Launch - Yuchai introduced five new energy power products covering various sectors including automotive, engineering machinery, shipping, and emerging low-altitude economy [3][5] - The YCK06H hydrogen range extender is the first commercial application of hydrogen range extender technology in China, achieving zero carbon emissions and designed for urban public transport and short-distance cargo vehicles [5] - The YCY30N gas range extender is tailored for medium and heavy-duty trucks, providing high power while significantly reducing fuel consumption and operational costs [5] - The YCK16LM methanol hybrid powertrain is designed for harsh mining conditions, featuring patented corrosion-resistant technology and a 45% reduction in fuel costs compared to diesel engines [5] Group 2: Technological Advancements - Yuchai is actively preparing for the upcoming National VII emission standards, collaborating with national environmental authorities and OEMs to develop testing prototypes [9] - The company has conducted extensive research to predict potential emission limits and analyze the impact of various technological routes on total cost of ownership (TCO) for users [9] - Yuchai emphasizes a diversified fuel technology approach, exploring economic solutions in the commercial vehicle sector, including hybrid systems that combine traditional engines with new energy sources [9][10] Group 3: Commitment to Innovation - Yuchai views technological innovation as fundamental to its survival and development, maintaining high R&D investment and achieving significant recognition in the industry [13][18] - The company has become a leading brand in the hybrid commercial vehicle sector, transitioning from user hesitation to active collaboration, particularly in non-road and natural gas range extender fields [13][18] - Yuchai aims to become a world-class independent power system supplier, focusing on technological breakthroughs and accelerating the transformation of research outcomes [16][18]

Core Viewpoint - The global automotive industry is actively contributing to the carbon neutrality goal through diverse technological innovations and collaborative efforts across the entire industry chain [2][29]. Group 1: Market Trends and Data - By 2024, electric vehicles will account for 14% of the global passenger car power market, while hybrid models (including HEV, PHEV, REEV) will represent 16%, surpassing the share of pure electric vehicles [2]. - The hybrid technology is increasingly recognized as a key direction for the transformation and upgrading of automotive power technologies [3][29]. - The penetration rate of electric vehicles in the Chinese market is expected to reach 75% by 2030, with a global forecast of 60% [34]. Group 2: Industry Collaboration and Innovation - The fifth International Forum on Automotive Power Systems emphasized the importance of collaboration among government, industry, academia, and enterprises to drive innovation in hybrid technology [3][10]. - The Shanghai government is enhancing the business environment to support the development of green innovation and multi-technology paths for enterprises [6][8]. - The integration of various technologies and collaborative innovation is essential for the rapid advancement of hybrid technology [14][33]. Group 3: Technological Development and Future Outlook - The development of hybrid technology is seen as a critical step towards achieving low-carbon transformation in the automotive industry, with a focus on improving engine thermal efficiency and integrating electric and internal combustion technologies [16][30]. - The hybrid power system is expected to play a significant role in the global transition to electric vehicles, with a projected market share distribution of 30% for pure electric, 30% for hybrid, and 40% for fuel vehicles by 2030 [34]. - The rise of methanol-hydrogen hybrid technology is highlighted as a successful practice in diversifying low-carbon technology routes for commercial vehicles in China [25][36].