近日，比亚迪（002594）公布了其搭载天神之眼辅助驾驶系统的车型在11月的销售数据，全月销量达 311267辆，继续引领市场。其中，比亚迪王朝与海洋系列贡献265734辆，方程豹、腾势、仰望等高端及 个性化品牌亦表现稳健，共同构筑了比亚迪在智能驾驶领域的强大产品矩阵。 在技术快速进化的同时，比亚迪坚持以安全为基石。今年7月，比亚迪率先做出行业承诺：对"天神之 眼"车辆用户在泊车辅助场景下的安全及相关损失进行全方位兜底，且赔偿无上限、不限首任车主。这 一举措不仅展现了比亚迪对其辅助驾驶技术的绝对自信，更体现了对用户安全高度负责的企业态度。 数据显示，截至2025年11月底，比亚迪搭载"天神之眼"驾驶辅助系统的车型累计销量已突破230万辆， 持续蝉联中国辅助驾驶车型销量及系统装车量榜首。这标志着比亚迪推动的"全民智驾"战略已取得显著 成效，智能驾驶正从高端配置加速向主流市场普及。 | 0 % | | | | | | | --- | --- | --- | --- | --- | --- | | 比亚迪辅助驾驶车型 | | | | | | | 月销售 31126 | | | | | 第 | | CHB 3 | | ...

业，尤其民营企业借入资本进行经营的金融条件。于是，在经济发展的同时，出现企业负债率普遍偏高的局面。在企业负债率偏高，即高杠杆成为常态的情 况下，只要现金流为正，就可以付息，债务就可以维持下去。而营业收入是现金流的来源，只要营业收入不断扩大，不仅可以支付已有债务的利息，而且可 以支持更大规模的负债，形成更大规模的资产，进而产生规模效益。因此，负债经营与规模最大化经营相辅相成，形成了"不断做大"的路径依赖。规模最大 化的企业经营方式不是中国独有的，在资本匮乏的发展中国家尤其亚洲地区普遍存在，其中韩国最为典型。1960年韩国人均GDP仅为82美元，60年代初韩国 开始执行第一个五年计划，通过规模最大化的企业经营方式，现代汽车、浦项制铁等大企业快速发展成就经济高速增长的"汉江奇迹"。中国金融为什么没有 出现"快速去杠杆"发展中国家，尤其亚洲国家，企业的高负债经营是其经济高速成长的微观基础;而经济高速增长又改善着企业的营业收入，从而充沛的现 金流进一步支持着企业负债的扩张，两者相互推动，螺旋上升。在经济快速增长的同时，杠杆率也快速升高，形成当年克鲁格曼所描述的"投资推动投资"的 亚洲增长模式。这种增长模式在收获经济增长 ...

瑞银发布最新研报认为，中国车企正进入全球化战略的2.0阶段。凭借电动车技术优势、日益完善 的分销网络和不断提升的品牌知名度，中国车企有望在2030年占据全球汽车市场三分之一的份额。 报道还提到，标普全球评级公司中国汽车业务董事蔡晓莺表示："（中国制造商）的产品即使在高 端领域也更具竞争力且更实惠。这就是这些外国品牌逐渐失去势头的原因。" 另据中国汽车工业协会的数据，而德国品牌占12%，日本品牌占约10%，美国品牌占近6%。 NDTV也发文提出，中国品牌车型的份额已在今年前11个月中攀升至近70%，中国购车者转向更实 惠的国产车型，对外国豪华汽车需求减弱；中国品牌汽车凭借技术创新和竞争力占据市场；比亚迪近年 来已超过大众，成为中国最大汽车销售商。 ...

Core Viewpoint - BYD has initiated comprehensive internal testing for L3-level autonomous driving in Shenzhen, having completed over 150,000 kilometers of real-world validation [1] Group 1: Testing and Validation - The testing covers various scenarios including high-speed roads, rainy conditions, nighttime, and construction sites [1] - BYD is one of the nine companies selected for the first batch of L3-level autonomous driving access and road trial by four national departments in 2024 [1]

12月17日，比亚迪已联合深圳市交通局等部门，在深圳开启面向量产的L3级自动驾驶全面内测，目前 已完成超过15万公里的L3级自动驾驶实际道路验证。本次测试覆盖深圳开放的高快速路，兼顾雨天、 夜间、施工等场景工况。比亚迪于2024年成为国家四部门首批L3级自动驾驶准入及上路通行试点的9家 企业之一。（第一财经） ...

（文章来源：第一财经） 12月17日，第一财经获悉，比亚迪已联合深圳市交通局等部门，在深圳开启面向量产的L3级自动驾驶 全面内测，目前已完成超过15万公里的L3级自动驾驶实际道路验证。本次测试覆盖深圳开放的高快速 路，兼顾雨天、夜间、施工等场景工况。 比亚迪于2024年成为国家四部门首批L3级自动驾驶准入及上路通行试点的9家企业之一。 ...

本报（chinatimes.net.cn）记者刘凯 北京报道 近年来，我国汽车行业竞争日趋白热化，尤其是新能源汽车领域，为争夺市场份额，"内卷式"竞争此起 彼伏。在此背景下，国家市场监督管理总局于近日研究起草了《汽车行业价格行为合规指南（征求意见 稿）》（下称《指南》），直指近年来汽车行业愈演愈烈的"价格战"乱象，试图为这一持续数年、各方 疲惫的恶性循环画上休止符。这份共五章28条的指南，从生产、销售到内部管理，系统构建了覆盖汽车 全产业链的价格行为规范体系，堪称给汽车销售戴上的"紧箍咒"。 业界认为，《指南》的发布恰逢其时，被视为从制度层面构建公平竞争环境、推动汽车产业高质量发展 的重要举措。中国汽车流通协会相关人士指出，严重的价格倒挂可能导致服务缩水、售后减配等问题， 最终损害消费者权益。市场监管总局此次出手，可以通过明晰的规则引导企业回归竞争本质，将资源更 多投入技术研发、品质提升与服务优化，以差异化优势构建核心竞争力，推动行业从"价格战"迈向价值 竞争。 终结价格战 过去三年，中国汽车市场经历了四轮大规模价格战，从"油电同价"到"电比油低"，从"豪车打对 折"到"限时一口价"，促销手段层出不穷。今年上 ...

陈君宇透露，目前首批合作伙伴已加入CarloT生态，包括比亚迪、广汽丰田、长城、郑州日产等。首款 适配小米生态接口的车型比亚迪方程豹钛7已经上市；首家国际汽车大厂广汽丰田接入小米生态，铂智7 率先搭载。（新浪科技） 【#比亚迪等已加入小米CarloT生态##小米CarloT生态首批合作伙伴加入#】在今日2025小米人车家全生 态合作伙伴大会上，小米汽车部人车家智能化产品总监陈君宇发表《CarloT生态开放，全行业共享共建 生态变革》主题演讲。#卢伟冰回应小米自研大模型开源上线# 此前，卢伟冰宣布，小米CarloT生态30余种品类全面开放。陈君宇进一步公布了CarloT生态开放时间节 奏：2024年布置物理接口&供电CarloT生态件产品；2025年米家开放-家控车，智能互联生态联盟；2026 年米家开放-车控家；2027年车载中枢网关。 ...

Market Analysis - Global market overview shows that China leads with 291,000 units sold, accounting for 60.9% of total sales, followed by North America with 92,000 units (19.2%) and Europe with 53,000 units (11.1%) [1][2] - In terms of technology routes, plug-in hybrid electric vehicles (PHEV) dominate with a 48% market share and a year-on-year growth of 186%, while range-extended electric vehicles (REEV) and battery electric vehicles (BEV) hold 24% and 28% shares with growth rates of 217% and 78% respectively [1] China Market Characteristics - The penetration rate of new energy pickups is expected to rise from 0.9% in 2022 to 11.2% by 2025 [2] - Price distribution indicates that commercial models (15-250,000 RMB) make up 68% of the market, with users focusing on load capacity (>1.5 tons) and cargo volume (>1.8 m³), while passenger models (250,000-400,000 RMB) account for 32%, with a preference for smart cockpit features [2] Technology Route Competition - Average range for PHEV is 82 km, REEV is 156 km, and BEV is 312 km, with charging times of 25, 35, and 45 minutes respectively. PHEV is preferred by commercial vehicle owners due to its balance of range and charging efficiency [3] - The cost of lithium iron phosphate (LFP) battery packs has decreased from $138/kWh in 2020 to $62/kWh by 2025, while energy density is expected to improve with the mass production of CATL's new battery [4] Regional Market Differences - In China, policy incentives include the lifting of pickup bans in 90% of prefecture-level cities by 2025, exemption from purchase tax (saving 12,000 RMB per vehicle), and alignment of toll fees with passenger vehicles (saving $1,500 per vehicle annually) [4] - User demographics show that commercial customers (62%) prioritize total cost of ownership (TCO), while private customers (38%) are willing to pay a premium for smart features [5] User Demand Analysis - Economic factors drive 43% of purchasing decisions, with a total lifecycle cost savings of $28,000 compared to fuel vehicles over five years and 500,000 km [7] - 62% of users express range anxiety regarding pure electric pickups, and only 31% of commercial charging infrastructure is covered, significantly lower than the 58% for passenger vehicles [8] Future Trend Predictions - By 2030, multi-modal power systems will integrate hydrogen fuel cells into plug-in hybrid models, allowing seamless transitions between electric, hybrid, and hydrogen power [9] - Short-term projections (2025-2028) indicate that plug-in technology will dominate the commercial market with a penetration rate exceeding 25% [10] Competitive Landscape Evolution - Chinese brands like BYD and Great Wall are targeting Southeast Asia with a goal of achieving a 30% market share by 2030 through high cost-performance and localized production [11] - In North America, Tesla and Rivian are establishing competitive advantages through software subscriptions and innovative battery leasing models [11] Policy Recommendations and Corporate Strategies - Recommendations for policy optimization include establishing a global standard for new energy pickup charging interfaces and mandating integrated charging stations in logistics hubs by 2030 [12] - Corporate strategies suggest product segmentation into economical models (<200,000 RMB) for commercial markets and high-end models (>400,000 RMB) with smart features to compete with Tesla's Cybertruck [13] Conclusion - The new energy pickup market is at a critical turning point characterized by technological breakthroughs, scale effects, and ecological restructuring, with a projected global penetration rate of 35% and a market size exceeding $150 billion by 2030 [14]

Industry Overview - In November, domestic power and other battery production reached 176.3 GWh, representing a year-on-year increase of 49.2% and a month-on-month increase of 3.3%. The production of ternary and lithium iron phosphate batteries was 36.4 GWh and 139.6 GWh, accounting for 20.7% and 79.2% respectively [1] - The domestic power battery installation volume in November was 93.5 GWh, showing a year-on-year increase of 39.2% and a month-on-month increase of 11.2%. The installation volume for ternary and lithium iron phosphate batteries was 18.2 GWh and 75.3 GWh, making up 19.4% and 80.5% respectively [2] Market Leaders - The top three domestic power battery installations in November were: CATL with 40.87 GWh (43.7% market share), BYD with 19.04 GWh (20.4% market share), and Zhongxin Innovation with 5.96 GWh (6.4% market share) [3] - From January to November, the cumulative domestic power and other battery production reached 1468.8 GWh, a year-on-year increase of 51.1%. The cumulative production of ternary and lithium iron phosphate batteries was 306.0 GWh and 1160.9 GWh, accounting for 20.8% and 79.0% respectively [3] Cumulative Data - The cumulative domestic power battery installation volume from January to November was 671.5 GWh, reflecting a year-on-year increase of 42.0%. The cumulative installation volume for ternary and lithium iron phosphate batteries was 107.7 GWh and 470.2 GWh, representing 18.8% and 81.2% respectively [4] - The top three cumulative domestic power battery installations from January to November were: CATL with 287.68 GWh (42.8% market share), BYD with 148.15 GWh (22.1% market share), and Zhongxin Innovation with 46.62 GWh (6.9% market share) [5] Global Overview - In October, the global power battery installation volume was 121.8 GWh, showing a year-on-year increase of 38.9% and a month-on-month increase of 1.2% [6] - The top three global power battery installations in October were: CATL with 58.0 GWh (47.6% market share), BYD with 12.9 GWh (10.6% market share), and Guoxuan High-Tech with 9.0 GWh (7.4% market share) [7] - From January to October, the cumulative global power battery installation volume reached 933.5 GWh, a year-on-year increase of 35.2% [8] - The top three cumulative global power battery installations from January to October were: CATL with 355.2 GWh (38.1% market share), BYD with 157.9 GWh (16.9% market share), and LG with 86.5 GWh (9.3% market share) [9]