格隆汇1月21日丨吉利汽车(00175.HK)发布公告，2026年1月21日耗资3962.1万港元回购237.6万股，回购 价格每股16.62-16.81港元。 ...

智通财经APP讯，吉利汽车(00175)发布公告，于2026年1月21日，该公司斥资3962.09万港元回购237.6万 股。 ...

吉利汽车(00175)发布公告，于2026年1月21日，该公司斥资3962.09万港元回购237.6万股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 吉利汽車控股有限公司 呈交日期： 2026年1月21日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | | 股份類別 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00175 | 說明 | | | | | | | 多櫃檯證券代號 | 80175 | RMB 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | ...

Core Viewpoint - The establishment of the Zhejiang private "star chain" is marked by the successful launch of 64 satellites, achieving global communication coverage (excluding the polar regions) and supported by the Geely Satellite Super Factory in Taizhou Bay New Area, which innovates the aerospace industry with automotive manufacturing principles [1][3]. Industry Development - By 2025, Taizhou's low-altitude economy has developed a three-dimensional structure, with Taizhou Bay New Area leading as the only pilot zone for future aerospace industries and low-altitude economic integration in Zhejiang Province, ranking second nationally in industrial activity [3][4]. - The "one star, four machines" industrial concept initiated in 2016 has laid the foundation for Taizhou's aerospace ambitions, attracting key players like the China Aerospace Aerodynamics Research Institute and Geely's Taizhou Starry Sky Intelligent Technology Co., Ltd. [4][5]. Ecosystem and Collaboration - The establishment of a comprehensive industrial ecosystem includes partnerships with leading enterprises, resulting in a strategic ecological co-construction project worth billions in the special aircraft industry [4][5]. - By November 2025, seven projects with a total investment of 2.64 billion yuan were signed, enhancing the full industrial chain from manufacturing to operational services [5]. Technological Advancements - The successful launch of Geely's satellites and other significant projects like the "Tai Zhou" computing satellite and the "Blue Carbon No. 1" marine satellite highlight the region's advancements in aerospace technology [7]. - The integration of drones in various sectors, including agriculture and emergency services, demonstrates the practical applications of low-altitude logistics, significantly improving response times and operational efficiency [8][10]. Future Goals and Investments - Taizhou aims to establish itself as a national-level low-altitude economic comprehensive industrial demonstration zone, targeting an industry scale of 18 billion yuan by 2026 and 30 billion yuan by 2030 [13]. - The region has set up a low-altitude economic industry fund with an initial scale of 1 billion yuan, alongside various other funds to support the entire industrial cycle [13].

1月20日，吉利银河豪华V系列首发之作，"AI全场景家庭旗舰MPV"——吉利银河V900上市，共推出3个车型，限时指导价26.98万元—32.98万元。即日起， 用户可通过吉利银河APP、微信小程序、抖音小程序及官网等官方渠道下订，下订即享焕新礼、购置礼、红包礼、金融礼、智行礼、质保礼、交付礼、流量 礼、跃阶礼九重购车好礼，超高价值，一次满足，诚意拉满。 本次发布会联合腾讯视频热门IP《一饭封神》殿堂主厨进行深度共创。以"大V家宴 众口皆可调"为核心主线，从家宴延伸至造车中，一台优秀的家庭座驾必 须让每位乘员都安心自在。吉利银河始终坚持用产品力来回应用户的多元化需求，让大家的百种生活、百种期待，在一饭、一车之间，被安排得妥妥当当。 吉利银河相信，真正的适配，不是强行统一所有人的口味，而是用技术将所有的"难"与"爱"，调和成一种温柔的平衡——让主驾位拥有从容的"掌控感"，让 二三排享有同等宽敞的"舒适感"——这正是AI全场景家庭旗舰MPV银河V900给大家的答案。 驾驭大家庭"从容"出行，全系四驱路特斯调校 适配大家庭"百味"生活，三排同权智能宽奢空间 银河V900拥有91.8%得房率，车内有效长度达到3.97 ...

在动力与操控方面，银河V900全系标配智能双电机四驱系统，峰值功率达340kW，峰值扭矩523N·m，零百加速时间为6.5 秒。车辆搭载AI数字底盘系统，集成空气悬挂、CCD连续可变阻尼减振器以及多项主动舒适与制动控制技术。值得关注的是， 银河V900底盘调校由路特斯团队参与完成，旨在在保障乘坐舒适性的同时，兼顾驾驶者的操控体验，弱化传统MPV车型"只重 乘坐、不重驾驶"的固有印象。 安全性能方面，银河V900采用高比例高强度钢车身结构，高强度钢占比达到76.6%，并在关键部位应用2000MPa级材料。 同时，新车在二、三排座椅结构、侧气帘覆盖范围等方面进行了针对性强化，重点提升后排乘员的被动安全水平。除满足常规 碰撞测试标准外，银河V900还完成了多项超国标极限碰撞测试，以验证其在复杂工况下的结构安全性。 在智能化层面，银河V900搭载超级AI增程系统，系统热效率达到47.26%，在兼顾能效与动力表现的同时，实现超过1200 公里的综合续航表现。配合银河Flyme Auto 2智能座舱系统，新车引入具备情感识别与记忆能力的AI交互体验，覆盖家庭出行 中的多种使用场景。在辅助驾驶方面，车辆支持车位到车位无图N ...

Core Viewpoint - Honda Fit is attempting to regain market attention through price reductions and limited marketing strategies, launching a new model priced at 66,800 yuan with a limited release of 3,000 units, despite only selling 2,695 units in 2025, which is less than the new model's release quantity [1][2] Group 1: Honda Fit's Market Position - The new Honda Fit has not changed in body size or power parameters compared to the 2024 model, with updates primarily in interior features, including a new 10.1-inch central control screen and standard Bluetooth and CarPlay functions [1] - The previous market dominance of the Fit was due to its competitive advantages in the fuel vehicle era, offering better interior space and fuel economy in the 100,000 yuan price range, making it a preferred choice for young consumers [1] - In 2018, the Fit achieved peak annual sales of 129,200 units in China, but by 2024, its sales plummeted over 70% to 14,700 units, dropping to eighth place in its segment [2] Group 2: Competitive Landscape - BYD has quickly filled the market gap left by the declining Fit, with its Dolphin and Seagull models dominating the small car market, achieving sales of 453,600 units for the Seagull in 2024, nearly double that of the second-place Wuling Bingo [4] - In 2025, Geely's Star Wish surpassed BYD's Seagull with sales of 465,800 units, becoming the new leader in the small car market and the overall sales champion in the Chinese passenger car market [4][5] - The small car market is highly concentrated, with only two to three models actively competing, making it crucial for brands to maintain a presence in consumer purchase intentions [5] Group 3: Challenges for Other Brands - Great Wall's Ora brand has seen a decline in market share, with sales dropping from 73,600 units in 2023 to 29,300 units in 2025, due to a strategic focus on profitability and reduced investment in the Ora brand [6] - The new Ora 5 model, launched after a three-year hiatus, is positioned as a compact SUV with a higher price range of 99,800 to 133,800 yuan, moving away from the small car segment [7] - The shift in branding strategy for Ora, moving from a female-focused identity to a broader market appeal, raises questions about the effectiveness of this change in a competitive environment [7] Group 4: Emerging Trends in the Small Car Market - The market for premium small cars, represented by brands like BMW MINI and NIO's Firefly, focuses on design and brand positioning rather than scale, achieving higher price points and brand premiums [10] - NIO's Firefly has captured 61% of the high-end small car market share, with plans for international expansion, including a launch in Singapore [11] - In contrast, Smart's sales have declined from 42,300 units in 2023 to 30,800 units in 2025, as its product strategy lacks focus, failing to maintain its classic small car appeal in the electric era [12] Group 5: Policy and Market Dynamics - The new subsidy policies for electric vehicles will limit the financial incentives for low-priced models, making it essential for companies to compete based on real value and product strength [13] - The small car market is expected to face overall declines in 2026 due to the dual pressures of subsidy reductions and tax changes, necessitating a balance between sales volume and profitability for all participants [13]

虽有博弈，或存变数，但汽车产业的全球化不能停止，真正的竞争力也不是壁垒，而是看谁能够在开放中持续创新。 近期，中国汽车出口频频传来捷报。 来自中汽协的数据显示，2025年全年汽车出口709.8万辆，同比增长21.1%。而海关总署数据更高，算上整车和成套散件等，全年出口832万台，同比增长 30%，出口额1424亿美元。 一边是增长迅速的数字，另一边则传来海外市场一系列利好政策。 1月20日，消息称德国政府为了推动电动汽车销量增长，计划推出30亿欧元补贴，补贴计划向中国品牌在内的所有制造商开放。 新补贴计划将持续至2029年，预计支持约80万辆电动汽车的购买。补贴金额根据车型及购买者收入水平分为1500至6000欧元不等，重点面向中低收入群 体。行业分析认为，德国此举将对中国汽车出口德国迎来重大利好。 2025年全年，中国车企在德国乘用车市场的销量为6.87万辆，同比增长120.4%。虽然面临种种不利的情况，但中国车企在德国市场还是创造新的销售纪 录。而据机构预测，2026年中国车企在德国市场有望达到10万辆的规模。 前些天，加拿大方面也宣布，将中国电动汽车关税从106.1%（6.1%最惠国关税+100%附加关 ...

Summary of Key Points from Conference Call Industry Overview - The conference call discusses advancements in the automotive industry, particularly focusing on AI integration in vehicles and the development of autonomous driving technologies. The key players mentioned include traditional automakers and tech companies like Xiaomi, Huawei, and Nvidia. Core Insights and Arguments 1. **AI Cabin Assistants**: AI cabin assistants enhance user experience by providing immersive interactions and can increase purchase intent by 10%-15% when compared to traditional systems, with consumers willing to pay an additional 3,000 to 5,000 yuan for such features [1][5]. 2. **Full-Ecosystem Companies**: Companies like Xiaomi and Huawei have a competitive edge in automotive smart experiences due to their superior UI, UE, and UX design capabilities, allowing them to attract consumers more effectively than traditional automakers [1][7]. 3. **Integration of AI and Autonomous Driving**: The fusion of AI with autonomous driving technology is crucial for the development of Robot Taxis. Technologies such as VRA, VRM, and WM enhance environmental perception and decision-making capabilities [1][8]. 4. **Challenges in Advancing Autonomous Levels**: Transitioning from L2+ to L4/L5 remains challenging due to complex real-world environments and stringent legal regulations, which currently recognize only human drivers as legal operators [1][11]. 5. **Self-Developed Chips**: Automakers are increasingly developing their own chips to enhance algorithm and chip capabilities, reducing reliance on third-party suppliers and strengthening their competitive position [2][13]. 6. **Market Competition**: The competition among autonomous driving solution providers has intensified, with traditional automakers having advantages in ADAS/L2/L3 levels, while new entrants excel in Robot Taxi operations [2][22]. 7. **Consumer Preferences**: Consumers currently prefer hardware over software in vehicle purchases, although there is a growing willingness to pay for software features [20][21]. 8. **Platformization of Solutions**: There is a trend towards platformization among autonomous driving solution providers, which may lead to the elimination of smaller players in the market [18][19]. 9. **Potential for New Applications**: Automakers are exploring new directions such as AI glasses and embodied intelligent robots, which align with the evolving consumer needs for immersive experiences in vehicles [24][25]. Additional Important Content - **Market Dynamics**: The emergence of large models in AI is reshaping the competitive landscape, leading to a "survival of the fittest" scenario among autonomous driving firms [12]. - **Regulatory Environment**: The current legal framework poses significant barriers to the widespread adoption of higher-level autonomous driving technologies [11]. - **Consumer Sentiment**: While there is a strong interest in smart driving technologies, actual purchasing intent remains lower in markets outside of China, particularly in Europe [21]. - **Long-Term Commercialization**: The commercialization of embodied robots is expected to take 5 to 10 years, with many current projects still in experimental stages [28]. This summary encapsulates the key points discussed in the conference call, highlighting the advancements, challenges, and market dynamics within the automotive industry.