智通财经APP获悉，近日，汽车行业再迎利好，国家发展改革委、财政部印发的《关于2026年实施大规 模设备更新和消费品以旧换新政策的通知》正式对外发布，明确2026年"两新"政策的支持范围、补贴标 准和工作要求。从《2026年汽车以旧换新补贴实施细则》来看，2026年国补继续对汽车报废、汽车置换 给予了大力支持。 具体细则上，支持汽车报废更新方面。个人消费者报废登记在本人名下的乘用车，并购买纳入《减免车 辆购置税的新能源汽车车型目录》的新能源乘用车或2.0升及以下排量燃油乘用车的，给予汽车报废更 新补贴支持，购买新能源乘用车补贴车价的12%(最高不超过2万元)、购买2.0升及以下排量燃油乘用车 补贴车价的10%(最高不超过1.5万元)。 支持汽车置换更新方面。个人消费者转让登记在本人名下的乘用车，并购买纳入《减免车辆购置税的新 能源汽车车型目录》的新能源乘用车或2.0升及以下排量燃油乘用车的，给予汽车置换更新补贴支持， 购买新能源乘用车补贴车价的8%(最高不超过1.5万元)、购买2.0升及以下排量燃油乘用车补贴车价的6% (最高不超过1.3万元)。 为确保政策平稳有序衔接，并满足元旦、春节等旺季消费需求，国家发 ...

北京商报讯（记者 魏蔚）12月30日，曹操出行发布公告称，公司的间接全资附属公司苏州优行与吉利 控股及吉利商务订立股权收购协议。根据该协议，苏州优行同意收购，且吉利控股同意出售吉利商务的 全部股权，现金对价为6500万元。收购事项完成后，吉利商务将成为曹操出行的间接全资附属公司。 ...

本文源自：金融界AI电报 曹操出行公告，于2025年12月30日（交易时段后），公司的间接全资附属公司苏州优行与吉利控股及吉 利商务订立股权收购协议。根据该协议，苏州优行同意收购，且吉利控股同意出售吉利商务的全部股 权，现金对价为人民币6500万元。于收购事项完成后，吉利商务将成为公司的间接全资附属公司。 ...

Core Insights - Geely's Chairman Li Shufu emphasized the company's evolution over 40 years, highlighting key transformative decisions that have shaped its growth trajectory, including moving away from low-cost competition and embracing new energy and intelligence [3][4] - The automotive industry is entering a new "critical moment," characterized by deep-water competition in electrification and a shift from functional additions to systematic confrontations in intelligence [4] - Geely has made significant progress in its electric and intelligent transformation, achieving breakthroughs in battery technology and launching high-end intelligent new energy models [4] Electrification and Intelligent Transformation - Geely has developed breakthroughs in three core technologies: batteries, hybrid systems, and high-voltage architecture, accelerating the rollout of high-end intelligent new energy vehicles under brands like Galaxy, Lynk & Co, and Zeekr [4] - The company has established a comprehensive "full-domain AI" technology system that covers computing power, algorithms, and applications, with a focus on enhancing safety in intelligent vehicles [4] Strategic Initiatives - The "integration of heaven and earth" strategy is progressing, with the completion of the first phase of the Geely Constellation network and advancements in eVTOL projects and Robotaxi commercialization [4] - Geely is exploring new global expansion paths through technology licensing, joint research, and local operations, with a focus on high-value intelligent new energy products [5] Long-term Goals and Sustainability - Geely aims for "carbon neutrality across the entire chain by 2045," viewing diverse energy forms as essential for future transportation systems [5] - The company plans to enhance its competitive edge through a "platform + ecosystem" approach, increasing investments in new energy technology, intelligent networking, automotive safety, and full-domain AI [5] Talent Development - Geely will launch a youth innovation and entrepreneurship incentive program with an initial investment of 50 million yuan in 2026, aiming to foster talent for the AI era through open and multi-level mechanisms [5]

Investment Rating - The report maintains an "Overweight" rating for the automotive industry [4][6]. Core Views - The automotive industry is expected to benefit from supportive policies for vehicle consumption and an upward trend in new energy vehicle sales [4][16]. - The report highlights a significant increase in the market share of new energy vehicles, reaching approximately 53.2% in November 2025 [2][36]. - The report suggests focusing on companies that lead in smart technology and are aligned with technological and model cycles, such as SAIC Motor, Xpeng Motors, Xiaomi Group, and Leap Motor [4][16]. Summary by Sections Market Review - The automotive sector rose by 2.74% in the week of December 22-26, 2025, ranking 11th among all primary industries [18][21]. - The automotive parts sector saw the highest increase at 3.32%, while motorcycles and others experienced the largest decline at -1.02% [21][22]. Industry Data Tracking 1. **Monthly Sales**: In November 2025, total automotive sales were approximately 3.429 million units, with a month-on-month increase of 3.2% and a year-on-year increase of 3.4% [2][29]. 2. **Weekly Sales**: From December 1-21, 2025, retail sales of passenger cars were about 1.3 million units, showing a year-on-year decline of 19% but a month-on-month increase of 5% [38]. 3. **Material Prices**: As of December 26, 2025, the price of battery-grade lithium carbonate was approximately 111,900 CNY per ton, reflecting a 15% increase from December 19, 2025 [2][45]. Industry Dynamics - The report notes significant industry developments, including the completion of Geely's privatization of Zeekr and the launch of the first mass-produced vehicle featuring the Yuanrong Qihang VLA model [3][49]. - Chery plans to establish Southeast Asia's largest automotive factory in Vietnam by 2026, with an initial production capacity of 30,000 to 60,000 vehicles [3][49]. Company Announcements - Star Source Zhuomai has received a project notification for developing and supplying components for a new energy vehicle's reducer housing, with expected sales of approximately 575 million CNY over four years starting in 2027 [51]. - Zhongding Holdings plans to establish a joint venture for humanoid robot manufacturing and core component supply capabilities [51].

Group 1: Precious Metals Market - The precious metals market experienced a significant drop on December 29, with spot gold falling over 4%, silver dropping over 9%, palladium plummeting over 15%, and platinum decreasing over 14% [2][7] - The decline was triggered by the CME Group's announcement to raise margin requirements for various metal contracts, leading to profit-taking by many traders [2][7] - There are rumors regarding a major bank facing a margin call on silver futures, although the authenticity of this claim is uncertain [2][7] Group 2: Tariff Adjustments - The State Council's Tariff Commission announced a tariff adjustment plan effective January 1, 2026, which will modify import duty rates and categories for key components, advanced materials, energy resources, and smart bionic robots [2][7] - Industry insiders believe this adjustment will positively support the transformation, innovation, and international market expansion of related industries [2][7] Group 3: Corporate Developments - WISCO Development announced plans for a major asset restructuring involving the acquisition of stakes in WISCO Mining and Luzhong Mining from its controlling shareholder, with stock trading suspended starting December 30 for up to 10 trading days [2][7] - Multiple gold jewelry brands in China have significantly adjusted their gold jewelry prices, reflecting the impact of the recent precious metals market crash [3][8] - Geely is suing Aoxinanda for 2.314 billion yuan over quality issues with battery cells delivered between 2021 and 2023, causing Aoxinanda's stock to drop by 15.97% [9] Group 4: Real Estate Market - Goldman Sachs predicts that the large-scale selling of homes by Chinese residents may end around 2026-2027, with property prices stabilizing in 2027, and suggests a stimulus plan of at least 8 trillion yuan to support the market [9]

Core Insights - Geely's Chairman Li Shufu delivered a New Year speech emphasizing the company's 40-year journey marked by critical decisions and transformations, highlighting the importance of overcoming challenges and maintaining core values [1] - The automotive industry is undergoing a new wave of technological change, presenting both challenges and opportunities, with a focus on human-centered, safe, green, and enjoyable travel experiences as the industry's core [1] Investment and Innovation - Starting in 2026, Geely plans to invest 50 million yuan initially, with a total of 300 million yuan allocated for a youth innovation and entrepreneurship incentive program, aiming to become a launchpad for young talent [1] - Geely will implement a new talent development model by directly recruiting specialized high school graduates for targeted training within its subsidiaries, exploring innovative development paths [1] Support for Education and Sustainability - Geely will support the China University Student Formula Racing competition, integrating cutting-edge hydrogen fuel technology into the event to foster sustainable development in the automotive industry and attract young talent interested in hydrogen-electric initiatives [2]

Core Insights - Global automotive sales reached 8.59 million units in November 2025, showing a year-on-year increase of 1% and a month-on-month increase of 1% [1][3] - The automotive market in China and the US is experiencing relative slowdowns, contributing to the overall deceleration in global sales growth [1][3] - For the period from January to November 2025, global sales totaled 87.66 million units, reflecting a year-on-year growth of 6% [1][3] Global Market Performance - In the first eleven months of 2025, global automotive sales grew by 6%, with China contributing 31.08 million units, an increase of 11% [1][12] - The US automotive market saw sales of 15.18 million units, up 2%, while India and Japan reported increases of 5% and 3%, respectively [1][12] - Germany's sales remained stable at 2.89 million units, showing no change from the previous year [1][12] China's Market Share - China's share of the global automotive market rose to 40% in November 2025, an increase of 1 percentage point from the previous year [1][11] - By the end of 2025, China's market share is projected to reach 35.4%, up 1.2 percentage points compared to the same period last year [1][11] - The Chinese automotive market is expected to maintain its leading position, with significant contributions to global sales growth [1][11] Company Performance - Among the top 10 global automotive companies, three are Chinese: BYD ranked 6th, Geely 8th, and Chery 10th, indicating strong performance and market share growth [1][21] - The electrification trend is causing some international automotive brands to decline, while Chinese companies are gaining market share [1][21] - The overall performance of Chinese automotive companies has exceeded expectations, leading to a significant increase in their global market presence [1][21]

吉利汽车(00175)发布公告，于2025年12月30日因集团雇员根据认股权计划(于2023年4月28日获采纳)行 使认股权而发行10.3万股。 ...

智通财经APP讯，吉利汽车(00175)发布公告，于2025年12月30日因集团雇员根据认股权计划(于2023年4 月28日获采纳)行使认股权而发行10.3万股。 ...