New Car Transaction Situation - In December, Beijing's new car transactions reached 73,700 units, a month-on-month increase of 14.7% but a year-on-year decrease of 2.98% [3] - From January to December, the cumulative new car transactions in Beijing totaled 681,400 units, a year-on-year decline of 2.57%, underperforming the national sales growth by 9.2 percentage points [3] Imported Car Sales Situation - In December, Beijing's imported car transactions were 2,441 units, showing a month-on-month growth of 17.7% but a year-on-year decline of 23.29% [7] - The total imported car transactions in Beijing for the year reached 28,000 units, a year-on-year decrease of 21.83% [7] New Energy Vehicle Sales Situation - In December, Beijing's new energy vehicle transactions totaled 49,800 units, with a month-on-month increase of 11.56% and a year-on-year increase of 18.56%, accounting for 67.59% of total new car transactions [12] - For the entire year, new energy vehicle transactions in Beijing reached 422,200 units, a year-on-year growth of 17.95%, representing 61.97% of total new car transactions [12] Used Car Transaction Situation - In December, Beijing's used car transactions were 57,000 units, reflecting a month-on-month increase of 2.08% but a year-on-year decrease of 2.54%, with a new-to-old car ratio of 1:0.77 [15] - The cumulative used car transactions in Beijing for the year were 664,900 units, showing a year-on-year growth of 0.28%, with a new-to-old car ratio of 1:1 [15] December Market Overview - December saw a peak in new car sales at 73,700 units, influenced by policy changes regarding scrapping and replacement subsidies, despite a year-on-year decline [20] - The new energy vehicle market in Beijing solidified its dominant position, achieving a market share of 61.97% for the year, with significant growth driven by policy support [20] - The imported car market faced a continuous decline, with a total market share dropping below 4.11%, marking a historical low due to competition from domestic high-end brands [20]

Domestic News - Shanghai has opened over 5200 kilometers of autonomous driving testing roads, aiming to expand the application space for intelligent connected vehicles and create a multi-level application scenario layout by 2025 [4] - The Ministry of Industry and Information Technology has released a directory revealing the range information of several new energy vehicles, with high-end models approaching a pure electric range of 1000 kilometers, such as the Tengshi Z9 with a maximum range of 1068 kilometers [5][6] - AITO brand has signed a cooperation agreement with Abu Dhabi Motors' subsidiary, Performance Plus Motors, to officially enter the UAE market for sales and after-sales operations [7] - General Motors announced that its localization rate in the Chinese supply chain has exceeded 95%, emphasizing its commitment to strengthening its business in China [8][9] - The China Automotive Technology and Research Center and Changan Automobile Group have established a parts technology company in Chongqing with a registered capital of 100 million yuan [10] - FAW has successfully installed a high-energy density lithium manganese solid-liquid battery, achieving a range of over 1000 kilometers [11] - Guoxuan High-Tech will collaborate with BASF to develop next-generation solid-state battery technology [12] - Loobo and Uber plan to launch fully autonomous taxi services in Dubai in the first quarter of 2026, marking the city's first such service [13] International News - India's automotive export value reached $12.15 billion in FY25, a 10.7% increase from the previous fiscal year, driven by record exports of passenger and two-wheeler vehicles [14] - South Korea's January imports of passenger cars increased by 38% year-on-year, with local car manufacturers also seeing a 10% increase in sales [15] - Waymo has launched fully autonomous taxi services in Nashville, Tennessee, and plans to collaborate with Lyft for expanded service [16] - Audi is accelerating the digitalization of its factories and expanding AI applications, with about 100 use cases under development [17] Commercial Vehicles - FAW Liberation has signed a strategic agreement with a Saudi dealer, marking a significant breakthrough in the Middle East market [18] - The first government-publicly procured unmanned logistics vehicle project has been implemented in Hanzhong, Shaanxi Province [19] - The U.S. International Trade Commission has made a preliminary ruling on anti-dumping and countervailing duties regarding van-type trailers and their components from Mexico, Canada, and China [20] - Beijing Automotive Group, Tongxingbao, and Huochezhijia have signed a strategic cooperation agreement to promote the large-scale implementation of pre-installed ETC systems in commercial vehicles [21][22]

Group 1: Market Overview - From February 1 to 8, the national passenger car retail market sold 328,000 units, a year-on-year increase of 54% and a month-on-month increase of 37%. Cumulative retail sales for the year reached 1.872 million units, a year-on-year decrease of 7% [2][5]. - During the same period, wholesale sales of passenger cars reached 284,000 units, a year-on-year increase of 46% and a month-on-month increase of 3%. Cumulative wholesale sales for the year were 2.257 million units, a year-on-year decrease of 2% [2][8]. - The retail penetration rate for new energy vehicles (NEVs) was 36.4%, while the wholesale penetration rate was 43.9% [2]. Group 2: Production Trends - In the first week of February, production of pure fuel light vehicles reached 158,000 units, a year-on-year increase of 276% and a month-on-month increase of 139%. Production of hybrid and plug-in hybrid vehicles totaled 73,000 units, a year-on-year increase of 70% but a month-on-month decrease of 28% [3]. Group 3: Sales Dynamics - The first week of February saw an average daily retail of 41,000 units, reflecting a year-on-year increase of 54% and a month-on-month increase of 37% [5]. - The first week of February's wholesale average was 36,000 units per day, with a year-on-year increase of 46% and a month-on-month increase of 3% [8]. Group 4: Used Car Market - In 2025, the used car market saw a transaction volume of 20.11 million units, a year-on-year increase of 3%, with a transaction value of 128.98 billion yuan, a growth of 0.4% [9]. - In December 2025, the used car market transaction volume was 1.87 million units, with a month-on-month increase of 7% and a year-on-year decrease of 1.5% [9]. Group 5: Price Adjustments and Promotions - In January 2026, the average price reduction for new energy vehicles was 38,000 yuan, representing a reduction rate of 14.8%. For conventional fuel vehicles, the average price reduction was 36,000 yuan, with a reduction rate of 15% [11][12]. - The overall promotion pressure for conventional fuel and hybrid vehicles was relatively low, while promotions for new energy vehicles saw significant decreases [12]. Group 6: Energy and Charging Infrastructure - China has 43.97 million electric vehicles and a battery storage potential of 2,000 GWh, with daily public charging of 300 million kWh, enhancing the energy ecosystem [13]. - The development of electric vehicles is driving the adjustment of time-of-use electricity pricing, facilitating a dual empowerment model for energy consumption and grid management [13].

Core Viewpoint - In 2025, China's service trade is expected to grow steadily, with a total import and export value of 80,823.1 billion yuan, reflecting a year-on-year increase of 7.4% [1]. Group 1: Service Trade Overview - The export value of services is projected to reach 36,267.9 billion yuan, growing by 14.2%, while imports are expected to be 44,555.1 billion yuan, with a growth of 2.5% [1]. - The service trade deficit is anticipated to be 8,287.2 billion yuan, a decrease of 3,439.5 billion yuan compared to the previous year [1]. Group 2: Knowledge-Intensive Services - Knowledge-intensive service trade is expected to maintain growth, with a total import and export value of 30,879.5 billion yuan, an increase of 6.6% [1]. - Key segments such as other business services and telecommunications, computer, and information services are projected to have import and export values of 13,332.9 billion yuan and 11,038.1 billion yuan, with growth rates of 5.5% and 10.4% respectively [1]. - The export of knowledge-intensive services is forecasted to be 18,321.2 billion yuan, growing by 10.5%, while imports are expected to be 12,558.3 billion yuan, with a growth of 1.3% [1]. - The surplus in knowledge-intensive services is projected to expand to 5,762.9 billion yuan, an increase of 1,581.7 billion yuan from the previous year [1]. Group 3: Travel Services - Travel services are expected to see significant growth, with total import and export values reaching 22,067 billion yuan, reflecting a growth of 7.6% [1]. - The export of travel services is projected to grow by 49.5%, while imports are expected to increase by 1.4% [1]. Group 4: Trade with APEC Economies - In 2025, the total import and export value between China and other APEC economies is expected to reach 26.29 trillion yuan, accounting for 57.82% of the total foreign trade value [7]. - High-tech product exports are projected to be 4.63 trillion yuan, with a year-on-year growth of 8.1%, while imports in key sectors such as energy, agricultural products, semiconductor equipment, and precision instruments are also expected to grow rapidly [7]. - New business models and cross-border e-commerce are anticipated to flourish, with digital trade and green trade becoming new highlights of foreign trade growth [7].

Core Viewpoint - The article emphasizes the importance of implementing new automotive policies in 2026 to promote high-quality development in the automotive industry, focusing on energy consumption standards, tax incentives for new energy vehicles, and the promotion of green consumption [4][5][15]. Summary by Sections 1. New Fuel Consumption Standards - Starting January 1, 2026, three mandatory national standards regarding fuel consumption for passenger cars and light commercial vehicles will be implemented, tightening requirements by approximately 18% for traditional and hybrid vehicles, with specific targets set for 2030 [7][8]. 2. Tax Incentives for New Energy Vehicles - The Ministry of Industry and Information Technology, along with other departments, will continue to implement tax exemptions for new energy vehicles from January 1, 2026, with specific technical requirements for vehicles to qualify for the tax exemption [9][10]. 3. Export License Management for Electric Vehicles - From January 1, 2026, a new export license management system for pure electric passenger vehicles will be established to promote healthy trade in new energy vehicles [10]. 4. Vehicle Tax Exemption Adjustments - New technical requirements for energy-saving and new energy vehicles to enjoy vehicle and vessel tax exemptions will be effective from January 1, 2026, aligning with updated fuel consumption standards [11]. 5. Average Fuel Consumption and New Energy Vehicle Points Management - For the years 2026 and 2027, the required proportion of new energy vehicle points will be 48% and 58%, respectively, with specific allowances for companies meeting fuel consumption reduction targets [11][12]. 6. Large-Scale Equipment Update and Trade-In Policies - A notification issued on December 29, 2025, outlines policies for supporting the replacement of old vehicles with new energy vehicles, including subsidies for consumers who trade in old cars for new ones [12][18]. 7. Green Consumption Promotion - A joint notification from multiple ministries aims to promote green consumption in the automotive sector, encouraging the purchase of new energy vehicles and the development of related services [16][17]. 8. Continued Implementation of Automotive Industry Growth Plans - The automotive industry growth plan for 2025-2026 will continue to emphasize the application of smart and connected technologies, with specific measures to enhance domestic consumption and improve supply quality [18][19]. 9. Financial Policies to Enhance Automotive Consumption - Financial and fiscal policies will be optimized to further promote automotive consumption, with a focus on enhancing the quality and efficiency of financial services to support the real economy [20].

Industry Information - Beijing Economic and Technological Development Zone implements intelligent connected vehicle initiatives to enhance AI's role in data-driven technology [2] - Shenzhen releases a three-year consumption action plan focusing on green electricity consumption and charging infrastructure [2] - The largest high-speed supercharging station in China is operational in Hangzhou [2] - NIO achieves a milestone of 100 million battery swaps, with a network covering 8,627 stations nationwide [39] - CATL signs a comprehensive strategic agreement with Yunnan to promote green energy and transportation [10] Policy Information - The 2026 Central Document No. 1 emphasizes expanding rural consumption and supporting the adoption of new energy vehicles [26] - The Ministry of Transport plans to build over 10,000 charging guns in national highway service areas by 2026 [14] - The 2026 action plan for Beijing's traffic governance includes increasing the coverage of charging facilities [25] - Canada plans to abolish mandatory electric vehicle regulations and reintroduce consumer subsidies for electric vehicles [12] Company Information - BYD launches a new brand "Linghui" focused on the mobility market, aiming to provide affordable and advanced electric vehicles [33] - Xpeng Motors announces the launch of its AIOS 6.0 OTA update, featuring the industry's first proactive service cockpit [35] - Li Auto is set to open its 4,000th supercharging station, enhancing its charging network [39] - Xiaomi Motors updates its city driving assistance feature, lowering the mileage threshold for users [37] - NIO collaborates with a local company to enhance battery swapping services during the Spring Festival [39]

Domestic News - The Ministry of Commerce held a meeting with automotive companies to discuss measures to expand and improve automotive consumption, emphasizing the potential of China's large market and the need for policy support and innovation [7] - Shenzhen's strategic emerging industries, including integrated circuits and industrial robots, accounted for over 10% of the national output of 39 industrial products, with the added value of strategic emerging industries expected to rise from 1.03 trillion yuan in 2020 to 1.67 trillion yuan by 2025 [8] - Shanghai's South Port exported 82,000 vehicles in January, a year-on-year increase of 65.2%, with 61,000 of those being new energy vehicles, marking a 115.92% increase [9] - FAW Bestune announced its product plan for 2026, which includes five family models and two mobility models [10] - NIO plans to build 1,000 battery swap stations in 2026, expanding its charging network [11] - Lantu Motors will launch China's first mass-produced L3 level SUV, equipped with Huawei's advanced driving system [12] - Pony.ai, in collaboration with Toyota China and GAC Toyota, will deploy the Platinum Smart 4X Robotaxi in 2026 [13] - Horizon Robotics and a subsidiary of CATL signed a strategic cooperation agreement to enhance automotive intelligence [14] International News - India revised its fuel efficiency regulations, removing exemptions for small cars, which was previously seen as favoring a single company [15] - BMW and E.ON launched Germany's first commercial vehicle-to-grid service for new generation electric vehicles [16] - South Korea's automotive parts exports to the U.S. are projected to decline by 6.7% in 2025, marking the first annual drop since 2020 [17] - Mercedes-AMG plans to launch its third electric model in the second half of 2027, following two other electric models [18] Commercial Vehicles - The Ouman Galaxy pure electric heavy truck completed extreme cold testing at -35°C, demonstrating its performance in harsh conditions [19] - The Shandong Heavy Industry's Shandeka C5L cargo truck was officially launched, marking a new benchmark in the cargo transport industry [20] - The latest announcement from the Ministry of Industry and Information Technology revealed 181 new energy heavy truck models, with a 29.29% increase from the previous batch [22] - The Great Wall Cannon will be equipped with the Hi4-T plug-in hybrid system across its entire lineup, expanding consumer access to hybrid pickup trucks [25]

Core Viewpoint - The article discusses the release of the "Automotive Data Export Security Guidelines (2026 Edition)" by the Ministry of Industry and Information Technology, aimed at ensuring safe and efficient cross-border data flow in the automotive industry while complying with national data security laws [3][5]. Group 1: Purpose of the Guidelines - The guidelines are designed to implement the decisions of the Central Committee and the State Council regarding the establishment of a safe and efficient data cross-border flow mechanism [5]. - They aim to enhance the convenience of automotive data export, clarify management methods, and promote orderly cross-border data flow to support high-quality development in the automotive industry [5]. - The guidelines also reflect China's approach to global data cross-border cooperation, particularly in the automotive sector [5]. Group 2: Main Content of the Guidelines - The guidelines consist of four main parts: general provisions, important data determination, data export processes, and security protection requirements [6]. - General provisions outline the conditions for data export security assessment and the types of contracts required for personal information export [6]. - Important data determination focuses on typical business scenarios in the automotive industry, detailing rules for identifying important data [6]. - The data export process specifies requirements for identifying, managing, and assessing important data during export activities [6]. - Security protection requirements guide automotive data processors in establishing comprehensive data export security capabilities [10]. Group 3: Implementation and Future Steps - The Ministry of Industry and Information Technology plans to promote the guidelines through training, data identification, enhancing security levels, and international cooperation [11]. - Continuous tracking and adjustment of important data determination rules will be conducted to keep pace with industry developments [9]. - The guidelines will facilitate a more efficient and secure international automotive data flow framework [11].

Core Viewpoint - The article emphasizes the Chinese government's support for the rural modernization and consumption upgrade through the promotion of new energy vehicles, smart home appliances, and green building materials as key components for rural revitalization [5]. Economic Policy - The 2026 Central Document No. 1 explicitly supports the introduction of new energy vehicles, smart home appliances, and green building materials into rural areas as part of consumption upgrades [5]. - The National Energy Administration plans to establish 28 million charging facilities by the end of 2027 to meet the charging needs of over 80 million electric vehicles [6][7]. Industry Dynamics - In January 2026, the commercial vehicle market saw a total sales volume of 33,035 units, representing a year-on-year growth of 64.0%, with significant contributions from new energy vehicles and exports [9]. - Major companies like Dongfeng, SAIC, and Beiqi achieved double-digit growth, while Yutong Bus experienced a decline of 32.24% [9]. Product Launches - SAIC Maxus announced its 2026 new vehicle plan, which includes multiple models such as the T60 tool pickup and L4 autonomous vehicles, focusing on the commercial market and new energy technologies [15]. - CATL is expanding its capacity and forming strategic partnerships to create a zero-carbon industrial ecosystem, including projects in Yunnan and Quanzhou [16][17]. Personnel Changes - The article notes significant personnel changes in major commercial vehicle companies, reflecting strategic adjustments in response to the industry's transition to new energy and global competition [14].

Domestic News - Hubei Province has released the implementation details for the 2026 automobile trade-in subsidy, offering up to 20,000 yuan for consumers purchasing new energy and small-displacement fuel vehicles [3] - Xi'an has also announced its 2026 automobile trade-in subsidy details, with similar subsidy amounts and conditions as Hubei, aimed at reducing consumer costs and upgrading the automotive market [4] - During the Spring Festival holiday, the charging volume for new energy vehicles is expected to reach a historical high, with a peak daily charging volume exceeding 34 million kWh, a 17% year-on-year increase [5] - The International Energy Agency predicts that by 2030, renewable energy and nuclear power will account for 50% of global electricity supply, driven by rising electricity demand from industrial use, electric vehicles, and data centers [6][7] - Seres has signed a cooperation agreement with the Chongqing Shapingba District government to establish a new company focused on electric vehicles [8] - BYD has officially entered the Egyptian market, launching three models, and plans to sell 1.3 million vehicles outside China in 2026, a 25% increase from 2025 [9] - NIO has achieved a milestone of 100 million battery swaps, with plans to waive service fees during the Spring Festival holiday [10] - Li Auto has established 4,000 supercharging stations, enhancing its charging infrastructure across major routes [11] International News - Canada is planning to establish a joint venture with China to produce electric vehicles for global export, involving local automotive parts companies [12][13] - Japan's new car sales in January 2026 decreased by 2.3% year-on-year, totaling 367,748 units [14] - The UK saw a 3.4% increase in new car sales in January 2026, with electric vehicles' market share dropping to 20.6% [15] - Vietnam's automotive market is projected to reach a record sales volume of 604,134 vehicles by 2025 [16] Commercial Vehicles - Yuchai has made significant progress in the national key R&D project for ammonia internal combustion engines, focusing on low-carbon technologies [19] - XCMG's new energy heavy-duty truck has received a dual five-star rating for its range performance under extreme temperatures [20] - FAW Jiefang and Cainiao Group have signed a strategic cooperation agreement to enhance their global e-commerce platform for automotive parts [21][22] - The new version of Jiangling's Dadao plug-in hybrid pickup has been announced, featuring a 2.0T gasoline engine and dual electric motors [23]