新京报贝壳财经讯（记者林子）2025年12月28日，零跑汽车十周年发布会上，零跑科技创始人、董事长、首席执行官朱江明现场发布未来十年战略规划，宣 布零跑的长期目标是成为年销400万辆的世界级车企。 零跑还将2026年定为零跑汽车的"百万辆突破年"，向年销100万辆发起全面挑战。 "2015年零跑刚成立的时候，我们就给自己定了一个目标：成为世界级的智能电动车企。我们完全有希望实现这个目标！"朱江明说。 校对 刘军 零跑科技创始人、董事长、首席执行官朱江明。企业供图 2025年3月，零跑与中国一汽达成深度合作。浙江、安徽等多地政府累计投资零跑超过90亿元。2024年第四季度，零跑提前实现季度盈利，成为新势力中第 二家达成盈利的企业。2025年上半年及第三季度，零跑持续保持盈利，入选《财富》中国500强和中国民营企业500强。 编辑 杨娟娟 ...

每经AI快讯，港股汽车股全线走高。截至发稿，小鹏汽车-W(09868.HK)涨6.18%，报80.75港元；零跑 汽车(09863.HK)涨5.33%，报52.6港元；比亚迪股份(01211.HK)涨4.75%，报98.05港元；吉利汽车 (00175.HK)涨4.79%，报17.71港元。 ...

据悉，募集资金将用于三个主要方面：约50%用于研发投入；约25%用于补充营运资金及一般公司用 途；剩余25%用于扩大销售及服务网络并增强品牌知名度。一汽股权所认购的内资股将设置一年禁售 期。此次战略投资将为双方未来在商业和产业领域的合作奠定基础。 消息面上，零跑汽车宣布，公司与一汽股权订立内资股认购协议，公司将向一汽股权发行7483.22万股 内资股或占扩大后已发行股份5%，认购价为每股内资股50.03元人民币(约55.29港元)，较零跑汽车12月 24日收盘价49.94港元溢价10.71%，公司所得款项总额约37.44亿人民币(约41.375亿港元)。 智通财经APP获悉，零跑汽车(09863)早盘涨超6%，截至发稿，涨5.13%，报52.5港元，成交额1.58亿港 元。 ...

Group 1 - Hong Kong automotive stocks experienced a surge, with Leap Motor rising over 6%, XPeng and NIO increasing over 5%, and Geely and BYD up over 4% [1][6] - Great Wall Motors and Li Auto saw gains of over 3%, while Seres and Chery Auto rose over 2% [1][6] Group 2 - On December 28, China FAW Group held a signing ceremony with Leap Motor in Hangzhou, where FAW's wholly-owned subsidiary signed investment and cooperation agreements with Leap Motor [3][8] - According to the agreements, FAW will become a strategic shareholder in Leap Motor through a domestic share issuance, and will collaborate on the joint development and production of plug-in hybrid and range-extended powertrains [3][8] - A report from Founder Securities noted that the Central Economic Work Conference and the Ministry of Finance have clarified the optimization of the "two new" policies, with multiple regions selecting old-for-new platform enterprises [3][8] - Media reports indicate that national subsidies will continue until 2026, with a maximum subsidy of 30,000 yuan per vehicle, focusing on phasing out old high-emission vehicles while enhancing subsidies for new energy vehicles and increasing the pure electric range threshold for hybrid models [3][8]

方正证券发布研报称，中央经济工作会议及财政部明确优化"两新"政策，多地遴选以旧换新平台企业。 据媒体披露，2026年国补将延续，单车最高补3万元，聚焦淘汰老旧高排放车辆，同时提升新能源补贴 与混动车型纯电续航门槛。 汽车股全线走高，截至发稿，小鹏汽车-W(09868)涨6.18%，报80.75港元；零跑汽车(09863)涨5.33%， 报52.6港元；比亚迪（002594）股份(01211)涨4.75%，报98.05港元；吉利汽车(00175)涨4.79%，报17.71 港元。 该行指出，多地置换更新补贴退出后，行业翘尾效应未现，叠加新能源购置税减免政策于2026年起退 坡，26Q1车市淡季压力进一步加大。但政策端积极信号持续释放，国家市场监管局发布汽车行业价格 行为合规指南后，比亚迪、小鹏等车企积极响应，行业价格竞争趋缓，竞争环境持续优化。同时，部分 城市已开始部署新国补相关工作，行业有望迎来政策细则落地与配套支持的补充催化，龙头车企底部配 置价值突显，关注后续政策景气催化 ...

方正证券发布研报称，中央经济工作会议及财政部明确优化"两新"政策，多地遴选以旧换新平台企业。 据媒体披露，2026年国补将延续，单车最高补3万元，聚焦淘汰老旧高排放车辆，同时提升新能源补贴 与混动车型纯电续航门槛。 该行指出，多地置换更新补贴退出后，行业翘尾效应未现，叠加新能源购置税减免政策于2026年起退 坡，26Q1车市淡季压力进一步加大。但政策端积极信号持续释放，国家市场监管局发布汽车行业价格 行为合规指南后，比亚迪、小鹏等车企积极响应，行业价格竞争趋缓，竞争环境持续优化。同时，部分 城市已开始部署新国补相关工作，行业有望迎来政策细则落地与配套支持的补充催化，龙头车企底部配 置价值突显，关注后续政策景气催化 智通财经APP获悉，汽车股全线走高，截至发稿，小鹏汽车-W(09868)涨6.18%，报80.75港元；零跑汽 车(09863)涨5.33%，报52.6港元；比亚迪股份(01211)涨4.75%，报98.05港元；吉利汽车(00175)涨 4.79%，报17.71港元。 ...

Core Viewpoint - The signing of investment and cooperation agreements between China FAW Group and Leap Motor marks a significant advancement in their collaboration within the electric vehicle sector [2] Group 1: Capital Integration and Strategic Collaboration - China FAW's wholly-owned subsidiary, FAW Equity Investment (Tianjin) Co., Ltd., will become a strategic shareholder in Leap Motor through a domestic equity increase, indicating deep capital integration between the two automotive giants [3] - This capital bond will enable China FAW and Leap Motor to work more closely together to address challenges and opportunities arising from the electrification and intelligence of the automotive industry [3] Group 2: Powertrain Cooperation and Technological Innovation - FAW Qixin Power (Changchun) Technology Co., Ltd. has also signed a cooperation agreement with Leap Motor to share resources and jointly develop and produce in the fields of plug-in hybrid and range-extended powertrains [4] - This collaboration aims to enhance both parties' innovation capabilities in powertrain technology and promote technological advancement and industrial upgrading within the electric vehicle sector [4] Group 3: Long-term Trust and Technical Complementarity - The cooperation stems from a long-standing strategic trust and technical complementarity between China FAW and Leap Motor, with a strategic cooperation memorandum signed earlier in March 2025 laying the groundwork for further collaboration [5] - The formal signing of the investment and cooperation agreements will lead to deeper collaboration in areas such as intelligent connected new energy vehicle joint research and development, collaborative production, and global layout [5] - This partnership is expected to accelerate the research and application of new energy vehicle technologies and contribute to the high-quality development of China's automotive industry, aiding the transition from a "big automotive country" to a "strong automotive country" [5]

Core Viewpoint - The collaboration between China FAW Group and Leap Motor marks a significant strategic partnership aimed at enhancing the development and production of smart connected new energy vehicles, as well as expanding their global market presence [1] Group 1: Partnership Details - China FAW Group's wholly-owned subsidiary, FAW Equity Investment (Tianjin) Co., Ltd., will invest in Leap Motor through a private placement, becoming a strategic shareholder [1] - The partnership will focus on joint development and production collaboration in areas such as plug-in hybrid and range-extended powertrains [1] - This collaboration builds on a strategic cooperation memorandum signed earlier in March [1] Group 2: Financial Aspects - Leap Motor will issue 74.832 million domestic shares at a price of RMB 50.03 per share, totaling RMB 3.744 billion [1] - The raised funds will be allocated as follows: approximately 50% (RMB 1.872 billion) for R&D investment, about 25% (RMB 936 million) for working capital and general corporate purposes, and the remaining 25% (RMB 936 million) for expanding sales and service networks and enhancing brand awareness [1] - The shares subscribed by FAW Equity will have a one-year lock-up period [1] Group 3: Future Implications - This strategic investment is expected to lay a solid foundation for future collaboration between the two companies in commercial and industrial sectors [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 【头条要闻】 国务院国资委：国有企业要带头抵制"内卷式"竞争 带动产业链上下游企业融通发展 其中提到，确保进一步深化国资国企改革取得新成效。党的二十届三中全会明确的各项改革任务需要在 2029年完成。国资国企改革是经济体制改革的重要内容，是做强做优做大国有企业和国有资本的关键一 招，必须以实施新一轮深化国资国企改革为抓手，以构建新型生产关系为重点，完善中国特色现代企业 制度，健全公司治理结构，推动党的领导融入公司治理各环节，差异化推进董事会建设，深化三项制度 改革，持续提升经理层成员任期制契约化管理水平，健全市场化用工模式，按照"规范、激励、倾斜"一 体推进要求，进一步加强薪酬管理。优化企业管理运营体系，加快组织形态和管理流程变革，持续推动 扁平化、智能化改造，不断压缩管理层级、缩短决策链条，提升企业对市场环境变化和产业发展趋势的 敏锐度，大力推动效率革命。完善国有资产管理监督体制机制，研究制定国有企业履行战略使命评价制 度，完善国有企业增加值核算方法，深化"一企一策"分类考核，进一步加强和改进出资人监督，推进穿 透式监管，确保既"放得活"又"管得好"。 明年 ...

根据内资股认购事项将予认购的7483.22万股内资股相当于截至本公告日期已发行内资股总数及经内资 股认购事项扩大后经扩大已发行内资股分别约25.74%及20.47%。内资股认购事项的所得款项总额将合 共为人民币37.44亿元(相当于约41.38亿港元)，其中，(i)约50%将用于研发投入；(ii)约25%将用于补充营 运资金及一般公司用途；及(iii)约25%将用于扩大销售及服务网络并增强品牌知名度。董事会已授权董 事长根据公司经营情况及中国证监会等监管机构审批意见，调整本次公司筹集所得款项用途。 相关事件 格隆汇12月29日丨零跑汽车(09863.HK)发布公告，2025年12月28日，公司与一汽股权订立内资股认购协 议，据此，公司已有条件同意向一汽股权发行7483.22万股内资股，认购价为每股内资股认购股份人民 币50.03元(相当于港元55.29元)。内资股认购股份将根据一般授权发行。 零跑汽车(09863.HK)拟向一汽股权发行内资股 总筹37.44亿元 向上，领跑 零跑汽车举办成立十周年发布 会 ...