Core Viewpoint - The Chinese automotive market is experiencing a downturn in early 2026, with significant declines in sales and a shift in market dynamics, particularly affecting new energy vehicle (NEV) companies and traditional automakers [4][5][8]. Group 1: Market Performance - In January 2026, the automotive sector saw a decline in stock prices across both Hong Kong and A-shares, with NEV companies experiencing larger drops of 4%-7%, while traditional automakers faced smaller declines of 1%-4% [4]. - The primary reason for the market downturn is attributed to disappointing sales figures in January, which fell short of expectations, alongside a significant drop in international gold prices impacting resource stocks [5][8]. - The overall sales of domestic passenger vehicles decreased by 18.1% year-on-year, while exports surged by 50.5%, providing some support to the market [7]. Group 2: Sales Rankings and Trends - The sales rankings among new energy vehicle manufacturers have shifted, with Xiaomi leading in January 2026, followed by Li Auto and NIO, while traditional automakers like Geely and BYD also showed significant sales figures [10][13][15]. - Geely's sales reached 270,200 units in January, marking a strong performance with both year-on-year and month-on-month growth, while BYD's sales dropped by 30% year-on-year and 50% month-on-month, indicating a significant slowdown [15][17]. - Traditional automakers are showing resilience, with GAC's sales growing by 18.47% year-on-year, highlighting the continued market presence of fuel vehicles amidst the NEV price wars [20]. Group 3: Future Outlook - The automotive industry is predicted to enter a "zero growth" phase in 2026, with expectations of a 20.4% month-on-month decline in January sales and only a slight year-on-year increase of 0.3% [30][31]. - Experts suggest that the market will shift from stimulus-driven growth to a more structured approach, with reduced incentives for low-priced NEVs, leading to a more competitive landscape [32]. - The focus on international expansion is expected to become a critical strategy for automakers, as the market adapts to changing consumer demands and competitive pressures [34].

Waabi对外表示，这10亿美元包括两部分。一部分是7.5亿美元C轮融资，由科斯拉创投与G2风险投资联合领投。另一部分是来自Uber的一笔以里 程碑方式承诺的未来投资（milestone-based future investment）。 加入轩辕同学 ， 成就新汽车人! 设计 | 甄 尤 美 来 源 | A u t o n e w s ， Wa a b i ， Te c h C r u n c h 编译 | 莫 莉 编辑 | 黄 大 路 当地时间2026年1月28日，加拿大自动驾驶公司Waabi宣布获得总计10亿美元资金，用于加速其自动驾驶卡车系统的商业化，同时把业务延伸到 Robotaxi上。 与资金一同公布的，是一份排他性的Robotaxi合作。 自2022年起，Waabi对外公开表示，其已在真实道路上用配备安全员的测试车进行验证，并在2025年10月完成了首次车内无人的封闭场地测试。 Waabi披露，其搭载Waabi Driver系统的Robotaxi将独家接入Uber平台，双方计划投放不少于2.5万辆车辆，但尚未公布量产车型、落地城市以及具 体时间表。 在Uber停止自研自动驾驶六年后，这次更像成本 ...

Group 1 - The automotive industry is reflecting on its challenges and opportunities as leaders like Li Shufu of Geely emphasize the importance of core values and technological innovation in navigating critical moments [9][10] - Oliver Blume, former CEO of Porsche, admits to significant strategic errors, particularly regarding the decision to fully electrify the Macan model, which has led to a product gap and financial losses for shareholders [14][15] - Xiaomi's CEO Lei Jun acknowledges the industry's issues with marketing practices and emphasizes the need for transparency and accountability in communications with consumers [17][19] Group 2 - NIO's founder Li Bin celebrates the production of the company's one millionth electric vehicle and outlines ambitious plans for expanding battery swap stations, while maintaining a focus on long-term growth and profitability [22][24] - Elon Musk expresses confidence in China's rapid advancements in AI and energy infrastructure, predicting that China will surpass the U.S. in power generation by three times by 2026 [26][27] - Zhu Hao, founder of Zhi Mi Technology, boldly claims that his company will create the world's first trillion-dollar ecosystem, aiming for a significant increase in market valuation over the next two decades [30][31] Group 3 - Renault's CEO François Provost advocates for a shift from volume-driven strategies to value-driven approaches in the Chinese automotive market, criticizing the detrimental effects of price wars [41] - Li Xiang of Li Auto announces a strategic pivot towards humanoid robotics and AI, emphasizing the need for innovation in product development and collaboration within the industry [44][46] - Huawei's executive Yu Chengdong expresses dissatisfaction with the current capabilities of the HarmonyOS cockpit, calling for improvements to meet user expectations [36][37]

Core Insights - The automotive industry is reflecting on past strategies and decisions as leaders express both criticism and optimism for the future [4][9][12]. Group 1: Leadership Reflections - Li Shufu, chairman of Geely, emphasizes the importance of perseverance and learning from past mistakes in the automotive sector [8]. - Oliver Blume, former CEO of Porsche, admits to strategic errors regarding the Macan model, which led to a significant gap in product offerings and shareholder losses [9][10][14]. - Blume acknowledges that the decision to fully electrify the Macan was overly optimistic and resulted in a two-year gap before new fuel models could be introduced [10][15]. Group 2: Company Strategies and Market Position - Lei Jun, founder of Xiaomi, addresses marketing controversies and emphasizes the need for transparency in communication with consumers [17][18]. - Li Bin, founder of NIO, celebrates the production of the one-millionth electric vehicle and outlines ambitious plans for expanding battery swap stations, aiming for profitability while focusing on growth quality [21][22][25]. - Elon Musk highlights China's rapid advancements in AI and energy infrastructure, predicting that China will surpass the U.S. in power generation by 2026 [28][30]. Group 3: Industry Trends and Future Outlook - François Provost, CEO of Renault, suggests that Chinese automakers should shift from a volume-driven strategy to a value-driven approach to avoid detrimental price wars [43]. - Li Xiang, CEO of Li Auto, announces a strategic pivot towards humanoid robotics and AI, indicating a significant transformation in the company's research and development focus [46][48]. - The automotive industry is witnessing a shift towards integrating AI and robotics, with companies like Li Auto aiming to enhance user experiences through innovative technologies [46][48].

Core Viewpoint - Waymo, a subsidiary of Alphabet, is nearing completion of a $16 billion funding round, raising its valuation to $110 billion, more than doubling from $45 billion just over a year ago, indicating strong investor confidence in the future of autonomous driving technology [5][11][28]. Funding and Valuation - The recent funding round attracted top investors such as Sequoia Capital, Dragoneer, and DST Global, reflecting Wall Street's growing confidence in the autonomous driving sector [6][12]. - Waymo's valuation has surged despite its limited operational cities and an annual recurring revenue of approximately $350 million, suggesting investors are betting on its future potential rather than current profits [11][28]. - Alphabet contributed over three-quarters of the $16 billion funding, signaling its strong belief in Waymo as a core business pillar rather than a speculative investment [13]. Operational Milestones - Waymo has completed over 20 million rides and expanded its operations from San Francisco to Miami, positioning itself as a leader in the autonomous taxi market with over 125 million miles (approximately 201 million kilometers) of fully autonomous driving [7][20]. - The company plans to reach a weekly order volume of 1 million rides in cities like San Francisco, Los Angeles, Phoenix, and Miami this year [20]. Market Expansion and Challenges - Waymo is actively expanding its services, recently launching public services in Miami and facing unique challenges in each new market [23]. - Despite operational challenges, including incidents involving its autonomous vehicles, investor enthusiasm remains high, with Waymo's valuation surpassing traditional automakers like Ford and GM [28][30]. Future Prospects - The $16 billion funding provides a buffer for Waymo to address regulatory challenges and reduce trip costs while expanding beyond initial pilot cities [31]. - The company aims to prove its business model's viability, needing to increase revenue nearly 30 times to justify its current valuation based on traditional software industry multiples [31]. Airport Services as a Growth Opportunity - Waymo has broken ground in providing autonomous taxi services to San Francisco International Airport, a significant step in expanding its business in the Bay Area [32]. - The airport service is expected to be a lucrative opportunity, as airport-related trips account for 20% of total rides in the ride-hailing market [36].

Core Viewpoint - The article emphasizes the establishment of the Xuanyuan Matrix as a comprehensive ecosystem in the automotive industry, built on 20 years of experience and aimed at fostering innovation, collaboration, and professional development within the sector [7][22][24]. Group 1: Xuanyuan Matrix Overview - The Xuanyuan Matrix consists of three main components: industry catalysis, industry evaluation, and industry communication, forming a three-dimensional closed loop of "catalytic activation + authoritative evaluation + all-dimensional communication" [9][26]. - It includes six major media outlets, three awards, two forums, one business school, one association, and one think tank, all designed to support the automotive industry's evolution [9][26]. Group 2: Industry Challenges and Opportunities - In an era of uncertainty and disrupted rules, automakers need to break down barriers to find innovative solutions, while supply chain companies seek precise market alignment [6][21]. - The automotive industry has transitioned from a phase of "market for technology" to leading in new energy vehicle production and intelligent networking technology [17][20]. Group 3: Educational Initiatives - Xuanyuan School aims to cultivate new automotive professionals by bridging the gap between traditional business education and industry needs, offering specialized courses that foster resource connections and industry transformation [28]. - The school has developed a community of engaged entrepreneurs, enhancing collaboration and mutual support among industry peers [29]. Group 4: Industry Evaluation and Awards - The Xuanyuan Award, Lingxuan Award, and Jin Xuan Award serve as authoritative benchmarks across the automotive sector, promoting high-quality advancements and recognizing innovative marketing efforts [34][37]. - The Lingxuan Award has identified over 600 benchmark cases in the parts sector, becoming a key reference for automakers in supply chain selection [35]. Group 5: Media and Communication Strategy - The six media platforms under the Xuanyuan Matrix cover the entire automotive value chain, providing deep insights and fostering a community for industry professionals [39][41]. - The focus is on delivering quality content that builds long-term trust and provides reliable insights for decision-making in a rapidly changing environment [44]. Group 6: Future Vision and Commitment - The Xuanyuan Matrix aims to enhance its content value by producing in-depth topics and valuable interviews, maintaining a commitment to industry integrity and influence [47]. - The ultimate goal is to create a collaborative ecosystem that nurtures growth and innovation, ensuring that all participants can thrive together in the automotive landscape [50][53].

Core Viewpoint - Tesla's automotive business experienced a decline in both sales and profits in FY2025, with total vehicle deliveries dropping by 9% year-over-year to 1.636 million units, marking a significant shift in the company's performance metrics [4][5]. Financial Performance - In FY2025, Tesla reported total revenue of $94.8 billion, a decrease of 3% year-over-year, marking the first revenue decline in the company's history [5]. - Automotive revenue was $69.526 billion, down 10% year-over-year, while energy generation and storage revenue increased by 27% to $12.771 billion [5]. - Net income under GAAP was $3.79 billion, a 46% decline year-over-year, while non-GAAP net income fell by 26% to $5.86 billion [6]. - Operating margin decreased from 7.2% in 2024 to 4.6% in 2025, reflecting the challenges faced by the automotive segment [6]. Strategic Shift - Tesla has shifted its mission from "accelerating the world's transition to sustainable energy" to "building a prosperous and extraordinary world," indicating a broader strategic focus beyond just automotive sales [10]. - The company plans to significantly increase capital expenditures to over $20 billion in 2026, primarily for new factories and AI projects, including the production of Cybercab autonomous vehicles and Optimus robots [12]. Product Development and Innovation - Tesla is transitioning its Fremont factory from producing Model S and Model X to manufacturing Optimus robots, with plans to produce 1 million units annually [13]. - The Cybercab is expected to begin production in April 2026, with the potential to exceed the production of all other Tesla models combined [17][21]. - Full Self-Driving (FSD) technology is seeing increased adoption, with a doubling of purchases in 2025 and nearly 1.1 million global paid users [18]. Competitive Landscape - Elon Musk acknowledged that Tesla's biggest competition in the humanoid robot space will come from China, which excels in manufacturing and AI capabilities [38]. - Tesla believes its Optimus robot will outperform competitors in terms of real-world intelligence and mechanical flexibility, particularly in hand design, which is a significant engineering challenge [38]. Future Outlook - The company is focusing on building a robust supply chain for AI chips and plans to establish a large-scale semiconductor fabrication facility, referred to as TerraFab, to mitigate geopolitical risks and supply chain constraints [31][39]. - Tesla's long-term vision includes a shift towards fully autonomous vehicles, with expectations that less than 5% of driving miles will be human-operated in the future [21][24].

Core Viewpoint - The article celebrates the 140th anniversary of Mercedes-Benz, highlighting its historical significance in the automotive industry and the collective acknowledgment from various automotive brands, marking a pivotal moment in the evolution of luxury and innovation in the sector [12][16][23]. Group 1: Historical Significance - The first patent for the automobile was filed by Karl Benz on January 29, 1886, marking the birth of the modern car [4]. - Mercedes-Benz will celebrate its 140th anniversary on January 29, 2026, with various events planned globally, including exhibitions and collaborations [5][8]. - The anniversary has become a collective celebration for the automotive industry, with over 20 brands participating in congratulatory messages [11][12]. Group 2: Industry Response - The anniversary has sparked a competitive marketing response among luxury automotive brands, reminiscent of past interactions, such as BMW's 100th anniversary [14][16]. - The event has been characterized as a collective narrative of the automotive industry, showcasing the evolution and dialogue between established and emerging brands [21][23]. - Chinese brands like Geely and Li Auto have joined in the celebration, indicating their rising status in the global automotive landscape [24]. Group 3: Strategic Focus - Mercedes-Benz aims to leverage this anniversary as a strategic opportunity to enhance its product offerings, with plans to introduce over 15 new and updated models to the Chinese market by 2026 [19][20]. - The company emphasizes the importance of luxury not just as a product feature but as a culmination of time and brand heritage [18]. - The CEO of Mercedes-Benz has outlined three key focuses for the upcoming year: improving product quality, enhancing luxury service and experience, and continuing investment in China [18][19].

Core Viewpoint - The UK automotive industry faced its most challenging year in decades in 2025, with a significant decline in production and multiple factors contributing to this downturn [4][8][11]. Group 1: Production Decline - The total automotive production in the UK fell by 15.5% year-on-year to 764,715 vehicles, marking the lowest level in over 70 years [4]. - Passenger car production decreased by 8% to 717,371 units, a level not seen since 1956 [6]. - Commercial vehicle production plummeted by 62.3% to 47,344 units, the worst performance since 1952 [7]. Group 2: Factors Behind the Decline - The decline in production was attributed to multiple pressures, including export challenges, unexpected shocks, industry attrition, and policy uncertainties [11]. - Exports, particularly to the EU, US, and China, saw significant declines, with exports to the US dropping by 18% and to China by 12.5% [12]. - A major cyberattack on Jaguar Land Rover in August 2025 halted production entirely for a month, resulting in substantial losses and further exacerbating the decline [15][17]. Group 3: Industry Response and Future Outlook - The automotive supply chain is actively seeking diversification into other industries, such as defense, to survive and transform [22][23]. - The UK government is encouraging suppliers to leverage their manufacturing capabilities for defense equipment, aligning with increased defense spending [24][25]. - Despite the challenges, the production of electric and hybrid vehicles increased by 8.3% in 2025, reaching a record high of 298,813 units, which accounted for 41.7% of total production [33]. - The SMMT forecasts a recovery in production, predicting a growth of over 10% in 2026, potentially reaching around 790,000 vehicles [37].

加入轩辕同学 ， 成就新汽车人! 设计 | 常 笑 撰文 | 张 南 编辑 | 黄 大 路 2026年1月27日，欧洲汽车制造商协会（ACEA）发布的终端注册数据，为全球汽车产业写下历史性一笔。 2025年12月，欧盟乘用车市场纯电动汽车（BEV）销量达217,898辆，同比激增51%，市场份额升至22.6%；同期汽油车销量为216,492辆，同比下 滑19.2%。 这是欧盟市场纯电动车销量首次超越燃油车，标志着欧洲汽车工业正式迈入"电动化主导"的新纪元。 | | | BATTERY ELECTRIC | | | | PLUGHN HYBRID | | | HYBRID ELECTRIC' | | | OTHERS | | | PETROL | | | DIESEL | | | 119TAL | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | Decembe | Dec ...