1、汽车出口总体情况 2025年我国汽车出口企业结构呈现显著优化态势，头部集聚度提升、自主乘用车车企崛起、乘用车车企成为核心增长极，产业链一体化 优势进一步凸显。未来，随着海外产能布局的持续完善、技术研发的不断深入以及市场多元化战略的推进，我国汽车出口有望继续保持 增长态势，但同时也需关注海外贸易壁垒、供应链风险及全球市场竞争加剧等挑战。建议企业加大核心技术研发投入，优化出口产品， 强化本地化生产与服务，进一步提升全球产业链话语权；同时，加强行业协同，共同应对外部风险，推动我国汽车出口高质量发展。 | 汽车厂家出口 増速 | 狭义乘用车 卡车 客车 出口 汇总 狭义乘用车 狭义乘用车 | 2022年 253 52 6 311 11% | 2023年 408 66 11 485 62% 16% | 2024年 490 78 18 586 20% 18% | 2025年 599 وا 20 710 22% 20% | | --- | --- | --- | --- | --- | --- | | 总量 | 卡车 | | 27% | 18% | 17% | | 客车 | | | 73% | 63% | 13% | ...

Core Viewpoint - The article emphasizes the importance of practical learning experiences in cutting-edge technology and investment research, highlighting the collaboration between entrepreneurs and top-tier companies to explore new opportunities in emerging industries [12][24]. Schedule Overview - The schedule for 2025 includes visits to leading companies in various sectors such as AI, robotics, and new energy, with specific dates and locations outlined for each event [5][9][10]. - Notable events include visits to companies like Tesla, Google, and various AI and robotics firms, providing participants with firsthand insights into industry trends and innovations [7][8][24]. Learning Experience - The program offers deep exploration into the development of cutting-edge technologies, allowing participants to witness the entire process from laboratory to industrialization [12]. - Participants engage in top-level dialogues with founders and executives, gaining insights into strategic decisions and industry disruption logic [12][24]. Participant Feedback - Feedback from participants highlights the value of the program in enhancing their understanding of macroeconomic trends and investment strategies, as well as fostering connections among entrepreneurs [46][47]. - Participants express appreciation for the practical approach of the program, which combines theoretical knowledge with real-world applications in leading technology firms [42][44].

Core Viewpoint - The article highlights the significant growth of the new energy vehicle (NEV) market in China, with domestic brands capturing a dominant market share while foreign brands lag behind in electrification efforts [4][6]. Group 1: NEV Sales Growth - NEV sales reached 16.49 million units, growing by 28.2%, accounting for 47.9% of total vehicle sales, an increase of 7 percentage points [4][6]. - Pure electric vehicles (EVs) saw a growth of 37.6%, reaching 10.62 million units, while plug-in hybrid vehicles (PHVs) grew by 14%, totaling 5.86 million units [4][6]. Group 2: Market Share Dynamics - Domestic brands now hold 69.5% of the passenger car market share, up by 4.3 percentage points from 2024, while foreign brands have seen declines, with German brands at 12.1% (down 2.5 points) and Japanese brands at 9.7% (down 1.5 points) [6][9]. - Notable declines in sales were observed for Honda, with a 20% drop in annual sales, indicating challenges for Japanese brands [6]. Group 3: Emerging Players and Competition - New entrants like Leap Motor and Xiaomi have shown remarkable growth, with Leap Motor's sales doubling to 590,000 units, and Xiaomi delivering 410,000 vehicles since its entry into the market in March 2024 [6][8]. - The competition is intensifying, with established players like BYD experiencing a slowdown, projecting only an 8% growth in 2025, while state-owned enterprises like Guangzhou Automobile Group face declining sales [7][8]. Group 4: Future Outlook - The China Association of Automobile Manufacturers predicts that new car sales (including exports) will reach 34.75 million units in 2026, a modest increase of 1% from 2025 [8]. - Domestic sales growth is expected to slow to 0.2%, reaching 27.35 million units, with challenges arising from reduced tax incentives for NEV purchases [9]. - The competitive landscape is characterized by aggressive pricing strategies, which may lead to industry consolidation and the exit of weaker players [9].

智通财经APP获悉，周五，美股三大指数齐跌。恒生指数ADR下跌，按比例计算，收报26581.34点，较香港收市跌263.62点或0.98%。 大型蓝筹股多数下跌，汇丰控股收报128.695港元，较香港收市涨0.15%;腾讯控股收报612.833港元，较香港收市跌0.76%。 | 序号 | 名称 | 港股代码 | 最新价 | 涨跌额 | 涨跌幅 | ADR代码 | ADR换算价(HKD) | 较浅 较港股升跌 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 腾讯控股 | 0) 00700 | 617.500 | -4.500 | -0.72% | TCEHY | 612.833 | -4.667 | | 2 | M-BBBB08 | 09988 | 166.200 | +1.600 | 0.97% | BABA | 161.200 | -5.000 | | 3 | 汇丰控股 | 00005 | 128.500 | +0.300 | 0.23% | HSBC | 128.695 | +0.195 | | 4 | 建设银行 | 0093 ...

Canadian Prime Minister Mark Carney announced Friday that his country will slash its 100% import tax on Chinese EVs to just 6.1%, paving the way for companies like Geely, BYD, Xiaomi, and others to establish a second foothold in the North American automotive market. Canada is not going all-in on Chinese EVs, though. The country will initially cap annual imports at 49,000 vehicles. That cap will slowly increase to about 70,000 in around five years, according to the Associated Press. It’s a major shift that ...

一边是以近1.16万亿营收登顶的京东，一边是高盛眼中增长潜力巨大的腾讯阿里，中国企业正用两种截然不同的商业哲学，在全球经济版图上刻下自己的 坐标。 2025年8月，两份重量级榜单几乎同时发布，却给出了两个不同的"中国民企第一"答案。 全国工商联发布的"2025中国民营企业500强"榜单上，京东集团以1.16万亿人民币营收首次问鼎榜首，反超阿里巴巴与华为。而高盛同期发布的2026中国 市场展望报告中，"民营十巨头"名单却由腾讯、阿里巴巴、比亚迪等领衔，以投资价值和增长潜力为标准重新排序。 这场看似矛盾的榜单对决，实则揭示了中国民营经济正在上演的两种发展哲学。 01 榜首之争：两个榜单，两种标准 全国工商联的"民企500强"榜单基于对6379家年营收超10亿元企业的调研编制，是一个以营收规模为核心的评价体系。 在这个体系中，京东登顶标志着一种模式的胜利：这家以物流重资产和自营模式著称的企业，终于在规模上超越了所有对手。 京东的1.16万亿营收背后，是近67万名员工，相当于一个中等城市的人口规模；是每年超过千亿元的人力成本投入；是覆盖全国的物流网络和仓储系统。 与此形成鲜明对比的是高盛的报告。这家国际投行的"民营十 ...

Core Insights - Japan's imported car sales (excluding domestic manufacturers) are projected to grow by 7% in 2025, reaching 243,129 units, marking the first positive growth in two years [4][5] - Electric vehicle (EV) sales are expected to increase by 26%, reaching 30,513 units, setting a new historical record [5] - BYD's sales in Japan surged by 62%, totaling 3,870 units, driven by the strong performance of the SUV "Hai Lion 7" [5][7] Group 1: Electric Vehicle Market - EV sales in Japan have seen continuous growth for seven years, with EVs accounting for 13% of total sales in 2025, an increase of 2 percentage points from the previous year [5] - Tesla's sales in Japan, although not officially disclosed, saw an 88% increase in the "other" category, reaching 10,693 units, marking the first time Tesla's monthly sales exceeded 10,000 units [5] - Hyundai's sales grew by 89%, reaching 1,169 units, supported by the strong sales of the small EV "INSTER" launched in April 2025 [7] Group 2: Overall Market Trends - The overall imported car market saw a decline in sales for some traditional brands, with Mercedes-Benz sales decreasing by 4% to 50,857 units, while BMW and Volkswagen saw slight increases [7] - In terms of price segments, vehicles priced above 10 million yen (approximately 446,000 RMB) increased by 3% to 40,602 units, while those priced between 4 million yen (approximately 178,000 RMB) and 10 million yen increased by 9% to 151,273 units [10] - The Japanese government plans to increase the subsidy cap for purchasing EVs by 400,000 yen, reaching a maximum of 1.3 million yen (approximately 58,000 RMB), which may temporarily affect consumer purchasing behavior [10]

| 车企 | 车型 | 优惠政策 | | --- | --- | --- | | 一汽丰田 | PZ3 | 限时9.38万元(降7.6万元) | | | bZ5 | 4000元购置税补贴 | | 广汽本田 | P7 | 最高优惠5万元 | | | 飞度 | 新款直降2万 | | 广汽丰田 | 铂智3X ~ | 直降1万元 | | 长安启源 | A06、A07 | 厂家补贴+赠送交强险 | | | Q07 | 额外10000元置换补贴 | | | 全新Q05 | 额外5000元置换补贴 | | 吉利 | 星越L | 限时7.99万起 | | | 帝豪 | 4.88万起 | | | 绽越 | 5.88万起 | | 蔚来 | 萤火虫 | 10年NOA权益、2000元补贴 | | 特斯拉 | Model 3/Y/Y L | 7年低息,可省3.35万元 | | 小米 | YU7 | 7年低息 | | 广汽传祺 | 全系 | 最高7万元政企补贴 | | 比亚迪 | 秦/秦L Dm-i | 增配+起售价降3000元 | | 极氪 | 001、7X、MIX | 补贴保险5000+购置税8000 | | | 007/007GT ...

刚刚过去的2025年，我国新能源汽车赛道的战火，从未如此炽烈，产销分别完成1662.6万辆和1649万辆，同比分别增长29%和28.2%，连续11年位居全球 第一。 图/2025年我国新能源市场产销情况 来源/中汽协 新能源观截图 与此同时，大家可能也注意到了，一些曾经闪耀的品牌名字，正悄然经历着从巅峰到平庸，甚至正坠入谷底的残酷蜕变。 从理想的销量霸榜到痛失销冠，从小米SU7的车圈顶流到争议缠身，从哪吒的曾登顶年销冠军到破产边缘挣扎……一场深刻的行业洗牌正在进行。 新能源车胜负的关键，已不再只是谁跑得更快，更是谁犯的错误更少。九道跌落神坛的伤痕，为所有玩家敲响了警钟。 1. 产品线迭代滞后——市场份额被蚕食 在瞬息万变的市场中，停滞就意味着倒退。曾经凭借增程式技术精准切入家庭市场的理想汽车，一度构建了坚固的护城河。但当竞争对手在增程技术、纯 电平台、智能化配置上全面跟进并快速迭代时，理想在核心产品线上的更新步伐却显得有些迟疑。 以理想L9为例，其CLTC纯电续航为280公里，搭载52.3kWh的电池。这一数据在发布之初颇具竞争力，但其技术迭代在近一年中近乎停滞，而市场标准已 被迅速抬高。2025年，竞争对手 ...

纯电车在美国卖不动？福特汽车要来中国拥抱比亚迪了。 一个月前，福特刚取消和韩国电池巨头LG新能源的几百亿元合作，转头就被曝出正在和比亚迪洽谈。 而在福特CEO以往的多次对外表态中，这家美国车企的口风，都还将比亚迪视作最强有力的对手。 但忌惮归忌惮，该借鉴还是得借鉴。 新能源浪潮早已势不可挡，海外玩家拥抱中国技术，或许正逐渐成为主流。 福特被曝要拥抱比亚迪 据知情人士向《华尔街日报》透露，福特正在和比亚迪洽谈合作，计划为部分混动车型，向比亚迪采购电池。 近几年来，福特CEO吉姆·法利（Jim Farley）曾多次公开表达过这一观点。 他曾多次承认比亚迪的领先优势，称赞其垂直整合能力惊人，还曾空运了一辆比亚迪海豹拆解，得出的结论是这辆车"非常非常出 色"。 所以，为什么福特又回心转意，准备买"最强对手"比亚迪的电池了？ 交易的具体细节，目前还不清楚，知情人士表示仍在商讨中。 其中一种可能是，福特会从比亚迪进口电池，运往福特的海外工厂，这些工厂可能位于德国、西班牙、泰国、土耳其等地。 不过知情人士还说，交易并非板上钉钉，最终不排除告吹的可能。而福特和比亚迪方面，目前都没有对这场合作做出回应。 福特有意采购比亚迪的电 ...