2月1日，各家车企相继发布了1月销量。从整体上看，汽车行业实现2026年"开门红"，大多数车企1月销量同比取得正增长，但这一同比增长是由于2025年春 节在1月，去年同期的新车销售基数较低。 环比数据上，大多数车企1月销量下滑明显，主要原因在于2025年12月新能源汽车还享受购置税全额减免政策，同时车企为年底冲量，在12月出台了许多其 他优惠政策。进入2026年1月后，新能源汽车购置税开始减半征收，车企购置税兜底政策也随之结束。另外，1月各地具体的购车补贴细则尚未全部出台，导 致消费者存在观望情绪，影响了车市终端销售情况。 具体来看，问界汽车1月交付约4万辆，同比增长83%，环比下滑30.74%；小米汽车1月交付超3.9万辆，去年同期为超2万辆，去年12月为超5万辆；零跑汽车 1月全系交付达3.21万辆，同比增长27%，环比下滑46.94%。 比亚迪1月销售21.01万辆，其中海外销量表现亮眼，乘用车及皮卡海外销售10万辆，同比增长43.3%。分品牌来看，比亚迪品牌销售17.75万辆；方程豹品牌 销售2.16万辆；腾势品牌销售6002辆；仰望品牌销售413辆。 长城汽车1月销售新车9.03万辆，同比增长11. ...

Group 1 - The core viewpoint of the news is the establishment of a low-altitude economy standard system in China, aiming for a basic framework by 2027 and over 300 standards by 2030 to support the healthy development of the low-altitude economy [1][2] - The low-altitude economy is transitioning from concept validation to practical application, with a rapid increase in the number of related enterprises and continuous market growth [1][2] - By 2025, the low-altitude economy market in China is projected to reach 1.5 trillion yuan, with expectations of 3.5 trillion yuan by 2035, highlighting its potential as a new trillion-level industry [2][3] Group 2 - Local governments are actively promoting low-altitude economic development, with Shanghai targeting an industry scale of over 80 billion yuan by 2028 and Chongqing implementing policies to encourage innovation and testing [2][3] - The low-altitude economy is recognized as a national strategic priority, with policies becoming increasingly detailed, indicating a maturing industry [3][4] - The consumer-grade drone market is expected to reach 48.9 billion yuan in 2024, growing by 20%, while the industrial-grade market reached 113.4 billion yuan in 2023, showing greater growth potential [4] Group 3 - Companies are making strategic investments in the low-altitude economy, with Deep City Transportation planning to raise up to 1.8 billion yuan for projects related to intelligent transportation and low-altitude applications [2][3] - ZTE Corporation is advancing its low-altitude sensing technology through pilot projects, while XPeng Motors is exploring flying cars with plans for stable progress between 2026 and 2028 [6][7] - Contemporary Amperex Technology Co., Ltd. has introduced a low-altitude economic solution combining zero-carbon water airports and eVTOL aircraft, marking a significant step towards large-scale development [7]

Group 1 - The National Market Regulation Administration, along with ten other departments, released the "Low Altitude Economy Standard System Construction Guide (2025 Edition)", aiming to establish a basic standard system for low altitude economy by 2027 and over 300 standards by 2030 to support its safe and healthy development [1] - The low altitude economy is transitioning from concept validation to practical application, with a rapid increase in the number of related enterprises and continuous market growth [1] - Policy innovations are providing solid support for the development of the low altitude economy, including the establishment of a statistical classification for the low altitude economy and core industries [1] Group 2 - Local governments are forming significant industrial clusters in the low altitude economy, with Shanghai aiming for a core industry scale of over 80 billion yuan by 2028 and Chongqing promoting high-quality development through various policy measures [2] - The China Civil Aviation Administration predicts that the low altitude economy market will reach 1.5 trillion yuan by 2025 and 3.5 trillion yuan by 2035, positioning it as a core track for cultivating new production capacity [2] Group 3 - Listed companies are accelerating their strategic layouts in the low altitude economy, with Shen Cheng Jiao planning to raise up to 1.8 billion yuan for various projects including low altitude and autonomous driving technologies [3] - Ziguang Guowei is establishing a central research institute to enhance its research capabilities in low altitude vehicles and other applications [3] - The low altitude economy is recognized as a national strategic focus, with its development expected to create several trillion-level market growth points [3] Group 4 - The consumer-grade market for drones is projected to reach 48.9 billion yuan in 2024, growing by 20%, while the industrial-grade market is expected to reach 113.4 billion yuan in 2023, indicating greater growth potential [4] - The drone industry is advancing rapidly, although there is still room for improvement in policy standards [4] Group 5 - ZTE Corporation is advancing its low altitude perception and detection technologies through pilot projects in collaboration with industry partners [6] - XPeng Motors is working towards stable advancements in flying cars, with aspirations for significant progress between 2026 and 2028 [6] - GAC Group has received nearly 2,000 orders for its flying car, GOVY AirCab, which is undergoing airworthiness reviews and is expected to begin deliveries by the end of 2026 [6] Group 6 - CATL's ecological enterprise, Fei Aviation Technology, launched a "zero-carbon water airport + eVTOL aircraft" solution, marking a significant breakthrough in low altitude infrastructure and application scenarios [7]

Core Insights - The automotive market in January 2026 shows a clear distinction between traditional domestic brands, which are performing strongly, and new energy vehicle (NEV) startups, which are facing challenges [1][5] Traditional Domestic Brands Performance - Major traditional automakers like SAIC, Geely, and Chery reported over 20% year-on-year sales growth in January 2026, with SAIC leading the market [2][3] - SAIC sold 327,400 vehicles in January, a 23.9% increase year-on-year, with 214,000 units from its own brands, marking a 39.6% increase [2] - Geely's sales reached 270,200 units, a 1% year-on-year increase, with NEV sales contributing significantly [2] - Chery's sales totaled 200,300 units, with exports accounting for 119,600 units, a 48.1% increase year-on-year [3] - GAC Group saw a significant increase in sales, reaching 116,600 units, up 18.47% year-on-year, driven by its new energy and overseas sales [3] New Energy Vehicle Startups Challenges - In contrast, nine major NEV startups experienced a collective decline in sales, with month-on-month drops ranging from 21.2% to 47.0% [5][6] - Despite the downturn, some brands like NIO and Zeekr reported year-on-year growth exceeding 95% [6][7] - The decline in NEV sales is attributed to short-term factors such as policy changes and seasonal demand fluctuations [6][7] - The market is expected to stabilize post-policy transition, with a potential recovery in sales anticipated in February and March 2026 [7] Market Dynamics and Future Outlook - The automotive industry is witnessing a restructuring of brand rankings, with traditional brands solidifying their positions while new entrants face increasing competition [1][5] - The long-term growth logic of the NEV sector remains intact, with expectations for a gradual recovery as new products are launched and market conditions improve [7]

截至2月2日，国内主流车企2026年1月产销数据陆续披露。整体市场呈现"传统自主强势领跑、新势力普 遍承压"的鲜明格局：上汽、吉利、奇瑞等头部车企销量同比多实现20%以上增长，自主品牌座次因新 能源与出口表现差异出现重构。 与此同时，9家主流造车新势力则遭遇集体环比下滑。业内分析指出，短期政策切换、淡季效应等因素 扰动终端，但自主车企核心竞争力持续提升，新势力"马太效应"加剧，行业高质量发展的长期逻辑未 变。 ● 本报记者 龚梦泽 自主品牌座次重构 奇瑞集团凭借出口优势跃居前列，1月销售汽车20.03万辆，其中出口11.96万辆，同比增长48.1%，连续 9个月出口突破10万辆。新能源板块同样稳步推进，1月销量5.21万辆，形成"出口+新能源"双轮驱动格 局。旗下主要品牌中，奇瑞品牌销量13.56万辆，捷途品牌4.27万辆，星途、iCAR、智界品牌分别销售 5276辆、3419辆、4506辆，产品矩阵覆盖从主流到高端的全细分市场。 广汽集团自主板块爆发式增长，推动整体销量达11.66万辆，同比增长18.47%。这是昊铂埃安BU和传祺 BU完成组建后首次披露月度销量，成效立竿见影：昊铂埃安BU销量超2.16万辆 ...

2026年1月，在政策切换与年终促销透支的双重作用下，国内车市经历深度调整。 据乘联分会初步推算，1月狭义乘用车零售市场规模约为180万辆，环比下降20.4%，同比微增0.3%。多家传统车 企和造车新品牌发布的销量数据也显示，今年1月汽车市场整体呈现销量环比下滑、同比上扬的局面。 上汽集团1月销量达32.74万辆，同比增长23.94%，为当月销量规模最高的车企。 吉利汽车集团1月乘用车销量达27.02万辆，同比增长1.29%，环比增长14.08%，成为目前唯一实现同环比正增长的 企业。 比亚迪1月销量国内下滑、海外增长。当月总销量约21万辆，其中海外市场销量超10万辆，同比增长51.47%。海 外市场的快速拓展正成为比亚迪重要的增长引擎。比亚迪品牌及公关部门总经理李云飞年初透露，公司计划在 2026年向中国以外地区销售130万辆汽车。 （文章来源：新京报） 新势力车企中，小米汽车1月交付量超3.9万辆，首次超越零跑汽车。赛力斯、极氪、蔚来1月销量同比分别增长 104.85%、99.7%和96.08%，成为当月表现亮眼的高增长梯队。 吉利汽车集团 14.08% 270167 1% 比亚迪 210051 -30. ...

Group 1: Overall Market Performance - In January 2026, major domestic automotive groups reported strong sales performance, with several companies achieving year-on-year growth in sales [2][5][19] - SAIC Motor Corporation sold 327,413 vehicles in January, marking a 23.9% increase year-on-year [5] - Geely Automobile's sales reached 270,167 units, a 1% increase year-on-year, with a 14% month-on-month growth [8] Group 2: Brand-Specific Performance - SAIC's self-owned brands accounted for 65.3% of total sales, with a 39.6% increase in sales of self-owned brands [5] - Geely's new energy vehicle sales reached 124,252 units, representing 46% of total sales, with a year-on-year growth of approximately 3% [8][9] - BYD's total new energy vehicle sales were 210,051 units, a decline of 30.11% year-on-year, but overseas sales surged by 51.47% [12] Group 3: Export and Overseas Market Growth - Chery Group maintained its position as the top exporter of Chinese automobiles, with exports reaching 119,605 units, a year-on-year increase of 48.1% [15] - SAIC's overseas sales reached 105,000 units, a 51.7% increase year-on-year, highlighting the growing importance of international markets [6] - BYD's overseas market expansion is becoming a significant growth driver, with nearly half of its total sales coming from exports [12] Group 4: Future Outlook and Strategies - Geely plans to launch 1-2 new products each quarter in 2026, aiming for an annual sales target of 3.45 million units [9] - GAC Group has set ambitious overseas sales targets for 2026, aiming for 250,000 units, with a goal of reaching 100,000 units in the Asia-Pacific market by 2027 [19] - Dongfeng Motor plans to introduce five new models in 2026 to support its growth in the new energy sector [24]

Core Insights - In January 2026, GAC Group's overall sales reached 116,600 units, marking an 18.47% year-on-year increase, with self-owned brand sales exceeding 49,000 units, up 87.58% [1] - The company aims for overseas sales to reach 250,000 units, targeting 300,000 units, with plans to establish over 1,000 offline 4S stores globally by 2026 [6] Group Performance - GAC Group achieved a total vehicle sales of 1,813,500 units in 2025, with three consecutive quarters of positive growth since 2025, and an expanding growth rate [2] - The Haobo Aion business unit sold over 21,600 units in January, a 171.63% increase year-on-year, and plans to launch at least five new models in 2026 [2] - The Trumpchi business unit sold over 27,600 units in January, reflecting a 51.06% year-on-year increase [2] Joint Venture Brands - GAC Toyota's January sales exceeded 62,600 units, a 9.82% increase year-on-year, with several high-value models achieving double-digit growth [4] - GAC Honda's January sales surpassed 27,600 units, with the Accord and CR-V models achieving significant sales figures [4] Overseas Expansion - GAC's overseas sales in January saw a 68.59% year-on-year increase, setting a new record for terminal sales since its overseas launch [6] - The company plans to add 20 new overseas outlets in January, bringing the total to 650, covering five major regions [6] Strategic Initiatives - GAC is advancing its "Qingjing" automotive and Robotaxi projects, with significant progress in channel layout and vehicle delivery [7] - The company aims to establish 10-15 KD factories globally and develop a comprehensive service system for green intelligent travel solutions [6]

（文章来源：证券日报） 证券日报网讯 2月2日，广汽集团在互动平台回答投资者提问时表示，经营效率与员工规模受公司业务 模式、资产结构和运营逻辑等多重因素影响。公司作为涵盖整车制造、零部件、商贸物流、金融、国际 化、能源生态等板块的综合性大型国有汽车集团，承担了大量固定资产投入、供应链管理和全球渠道建 设，员工中包含大量生产、研发、物流、供应链管理、全球市场拓展及售后服务等关键岗位人员，并通 过持续深化人事、劳动、分配三项制度改革提升组织效能。近年来，公司已启动集团中层岗位竞聘上 岗，面向全球打造年轻化、市场化、专业化人才梯队，重点提拔年轻骨干担任关键岗位，构建以经营业 绩为导向的薪酬激励机制、以考核结果为标准的梯次退出机制，持续完善人才市场化管理机制。 ...

（文章来源：证券日报） 证券日报网讯 2月2日，广汽集团在互动平台回答投资者提问时表示，公司正积极推进全固态电池的自 主研发与产业化落地，2025年11月广汽全固态电池中试线已投产，计划于2026年进行小批量装车实验。 ...