Group 1 - The People's Bank of China will announce the one-year and five-year Loan Prime Rates (LPR) on January 20 [2] - The National Development and Reform Commission will hold a press conference on January 20 to discuss the implementation of the central economic work conference and the "14th Five-Year Plan" [2] - The central bank has released the "Management Measures for the Identification of Beneficial Owners of Financial Institutions," effective from January 20, 2026 [2] Group 2 - The U.S. stock market will be closed on January 19 for Martin Luther King Jr. Day and will resume normal trading on January 20 [3] - On January 19, U.S. stock index futures fell, with the S&P 500 down 0.88%, Dow Jones down 0.80%, and Nasdaq 100 down 1.11% [4] Group 3 - The ICE U.S. Dollar Index fell by 0.33% to 99.065 points, while COMEX gold futures rose by 1.77% to $4,676.70 per ounce [5] - The onshore RMB closed at 6.9640 against the U.S. dollar, appreciating by 80 basis points from the previous trading day [5] Group 4 - The Hang Seng Index rose by 0.20% to 26,640 points, and the Hang Seng Tech Index increased by 0.23% to 5,768 points [6] - European stock indices closed lower, with Germany's DAX down 1.34%, France's CAC40 down 1.78%, and the UK's FTSE 100 down 0.39% [6] Group 5 - China's GDP is projected to exceed 140 trillion yuan in 2025, with a year-on-year growth rate of 5% [7] - The industrial added value for the year increased by 5.9%, while the service sector's added value grew by 5.4% [8] Group 6 - The U.S. plans to impose a 10% tariff on goods from eight European countries starting February 1, with the rate increasing to 25% by June 1 [9] - The Chinese Ministry of Foreign Affairs has reiterated its stance on the Greenland issue in response to U.S. tariffs [10] Group 7 - The Supreme People's Procuratorate of China has emphasized the need to maintain economic and financial security and to punish serious economic crimes [11] - A satellite internet low-orbit launch of 19 satellites was successfully completed on January 19 [11] Group 8 - Tesla will restart the development of its Dojo 3 supercomputer project, indicating a commitment to AI technology [17] - Ford is reportedly in talks with BYD for battery procurement for hybrid vehicles, reflecting traditional automakers' engagement with China's EV supply chain [18] Group 9 - Vanke has been executed for approximately 1.09 billion yuan, raising concerns about risks in the real estate sector [19][20] - Porsche's sales in China for 2025 are projected to decline by 26.28%, with the company focusing on maintaining a healthy supply-demand relationship [21] Group 10 - ByteDance's AI platform "Kouzi" has announced a 2.0 brand upgrade, integrating new capabilities to enhance user experience [22] - Honor has launched a limited edition smartphone in collaboration with Pop Mart, showcasing cross-industry innovation [24]

Group 1 - The People's Bank of China will announce the one-year and five-year Loan Prime Rate (LPR) on January 20 [2] - The National Bureau of Statistics reported that China's GDP for 2025 is projected to reach 140,187.9 billion yuan, with a year-on-year growth of 5% [8] - The total retail sales of consumer goods in 2025 are expected to be 501,202 billion yuan, reflecting a year-on-year increase of 3.7% [8] Group 2 - The U.S. stock market will be closed on January 19 for Martin Luther King Jr. Day and will resume normal trading on January 20 [3] - The S&P 500 futures fell by 0.88%, while the Dow futures dropped by 0.80% and the Nasdaq 100 futures decreased by 1.11% on January 19 [4] - The ICE U.S. Dollar Index decreased by 0.33%, closing at 99.065 points [5] Group 3 - The Hang Seng Index rose by 0.20% to close at 26,640 points, while the Hang Seng Tech Index increased by 0.23% to 5,768 points [6] - European stock indices closed lower, with Germany's DAX down 1.34%, France's CAC40 down 1.78%, and the UK's FTSE 100 down 0.39% [6] Group 4 - Tesla announced the restart of its Dojo 3 supercomputer project, indicating a commitment to AI technology development [17] - Ford is reportedly in talks with BYD for a battery supply partnership for its hybrid models, reflecting traditional automakers' efforts to engage with China's EV supply chain [18][19] - Vanke has been executed for approximately 1.09 billion yuan, highlighting financial pressures in the real estate sector [20][21] Group 5 - Porsche's sales in China for 2025 are projected to be 41,900 units, a decline of 26.28% year-on-year, attributed to market challenges [22] - ByteDance announced a 2.0 brand upgrade for its AI platform "Kouzi," integrating new features to enhance user experience [22] - Honor launched a limited edition smartphone in collaboration with Pop Mart, showcasing cross-industry innovation [23]

Core Viewpoint - XPeng Motors has successfully developed the first robot based on automotive standards, marking a significant step towards mass production of high-level humanoid robots this year [1] Group 1 - The chairman of XPeng Motors, He Xiaopeng, announced the successful landing of the first ET1 version robot [1] - The development of the ET1 robot is a key milestone in the company's goal to scale up production of advanced humanoid robots [1]

Core Insights - Xiaopeng Motors' chairman He Xiaopeng announced the successful development of the first robot based on automotive standards, marking a significant step towards mass production of high-level humanoid robots this year [2]. Group 1 - The ET1 version of the robot has been successfully developed [2]. - This achievement is a critical milestone in the company's goal to scale up production of advanced humanoid robots [2].

数据显示，购买小鹏X9超级增程的人群中，年轻人是主力军，90后占比高达57.2%，00后占比13.7%。 而整个MPV行业中00后的平均占比仅为2%，这意味着小鹏X9用户的购车年龄，比MPV用户平均年龄年 轻10岁。 此外，在选择小鹏X9超级增程的用户中，女性车主占比22%，反映出其在家庭用户中的吸引力。用户 普遍认为，小鹏X9"外观造型前卫、不显老气"，科技感与时尚设计是赢得年轻家庭青睐的关键因素。 高端MPV已不再停留在商务车使用，转变为年轻家庭日常出行代步主力。 小鹏X9超级增程的高端品质、科技配置与智能体验，超越用户期待。从目前的订单来看，试驾转化率 高达50%，每两次试驾就有一个人把它开回家，表示"在试驾小鹏X9之前没想过买MPV"。 更有约八成增换购用户来自豪华品牌阵营，其中BBA车主高居前三，充分印证小鹏X9超级增程在高端 用户群体中的强大吸引力与产品认可度。 1月19日，小鹏汽车(09868)在广州举行"小鹏X9超级增程用户画像分享交流会"。会上，小鹏汽车产品经 理于桐表示，12月小鹏X9交付量同比增速289.1%，并突破了传统MPV固有的用户圈层，实现了跨年 龄、跨地域、跨兴趣群体的广泛触达 ...

小鹏X9超级增程的高端品质、科技配置与智能体验，超越用户期待。从目前的订单来看，试驾转化率 高达50%，每两次试驾就有一个人把它开回家，表示"在试驾小鹏X9之前没想过买MPV"。 更有约八成增换购用户来自豪华品牌阵营，其中BBA车主高居前三，充分印证小鹏X9超级增程在高端 用户群体中的强大吸引力与产品认可度。 数据显示，购买小鹏X9超级增程的人群中，年轻人是主力军，90后占比高达57.2%，00后占比13.7%。 而整个MPV行业中00后的平均占比仅为2%，这意味着小鹏X9用户的购车年龄，比MPV用户平均年龄年 轻10岁。 此外，在选择小鹏X9超级增程的用户中，女性车主占比22%，反映出其在家庭用户中的吸引力。用户 普遍认为，小鹏X9"外观造型前卫、不显老气"，科技感与时尚设计是赢得年轻家庭青睐的关键因素。 高端MPV已不再停留在商务车使用，转变为年轻家庭日常出行代步主力。 智通财经APP获悉，1月19日，小鹏汽车(09868)在广州举行"小鹏X9超级增程用户画像分享交流会"。会 上，小鹏汽车产品经理于桐表示，12月小鹏X9交付量同比增速289.1%，并突破了传统MPV固有的用户 圈层，实现了跨年龄、跨地域、 ...

小鹏汽车官方微博宣布，2025年12月，小鹏X9累计交付5424台，同比增长289.1%，环比增长67.7%，刷 新单月历史交付纪录。 责任编辑：王翔 小鹏汽车官方微博宣布，2025年12月，小鹏X9累计交付5424台，同比增长289.1%，环比增长67.7%，刷 新单月历史交付纪录。 据悉，这一数据创下12月份高端MPV个人用户交付量第一、12月印尼纯电MPV销量冠军以及2025年下 半年香港MPV销量冠军。 据悉，这一数据创下12月份高端MPV个人用户交付量第一、12月印尼纯电MPV销量冠军以及2025年下 半年香港MPV销量冠军。 责任编辑：王翔 ...

Core Viewpoint - The Hang Seng Index Company will announce the results of the Hang Seng Index adjustments on February 13, 2026, with implementation on March 9, 2026. This adjustment will affect the investment scope of the Stock Connect program between Shanghai, Shenzhen, and Hong Kong [1][7]. Group 1: Hang Seng Index Adjustments - Companies such as Zijin Mining International, BeiGene, Yum China, Xpeng Motors, China Pacific Insurance, CanSino Biologics, and Laopuqin Gold are potential candidates for inclusion in the Hang Seng Index based on market capitalization and industry representation [2][3]. - Historical data indicates that actual results may differ from quantitative predictions, as seen with Yum China and BeiGene, which were previously forecasted to be included but were not due to subjective criteria in the index inclusion standards [2][3]. Group 2: Impact on Stock Connect - The adjustments to the Hang Seng Index will directly influence the investment scope of the Stock Connect program, with an estimated 44 stocks expected to be eligible for inclusion, including JD Industrial, East Asia Bank, and Dippu Technology [4][6]. - The methodology for calculating the average market capitalization for index adjustments has been optimized, which may affect the eligibility of stocks for inclusion in the Stock Connect [4][5]. Group 3: Exclusions from Stock Connect - Approximately 25 stocks may be removed from the Stock Connect due to low market capitalization or other factors, including Youbao Online and Automotive Street [6]. - Companies expected to delist from the Hong Kong Stock Exchange will also be removed from the Stock Connect trading [6].

格隆汇1月19日｜小鹏汽车董事长何小鹏转发雷军微博：很厉害，祝贺好成绩。未来一起继续不断探索 和挑战极限！雷军在微博中表示，新一代SU7Max，24小时耐力挑战"用短跑速度跑马拉松"，最终成 绩：4264km。车辆连续跑24小时（含充电时间），挑战所能达到的最大行驶里程。 ...

Investment Rating - The report suggests a focus on the automotive industry, particularly on companies like BYD and Geely for vehicle manufacturing, and companies like Li Auto, Xpeng Motors, and others in the smart technology and robotics sectors [3][20]. Core Insights - The EU's implementation of a price commitment mechanism is expected to significantly alleviate the tariff pressure faced by Chinese electric vehicle manufacturers exporting to Europe, improving their profitability per vehicle [1][13]. - Boston Dynamics' Atlas humanoid robot is set to begin mass production in 2026, marking a shift from technology validation to commercial deployment, with significant partnerships in manufacturing and logistics [2][14]. - The first week of 2026 saw a decline in retail sales of passenger vehicles, but there is optimism for recovery in Q1 2026 due to upcoming policy support and seasonal demand [19][3]. - The report highlights the ongoing trend of increasing exports of passenger vehicles, particularly in the context of recovering demand in markets like Russia and the growing penetration of new energy vehicles [3][19]. Industry Data Tracking - The Shanghai Composite Index decreased by 0.57%, while the automotive index increased by 0.49%, ranking 10th among 31 sectors [21]. - In the first week of January 2026, wholesale passenger vehicle sales were 381,000 units, down 40% year-on-year, with new energy vehicle sales at 167,000 units, also down 30% [5][27]. - In December 2025, the total wholesale passenger vehicle sales were 2.787 million units, a year-on-year decrease of 9.3%, while new energy vehicle sales increased by 3.4% [6][34]. - Exports of passenger vehicles in December 2025 reached 588,000 units, a year-on-year increase of 45.5%, with new energy vehicle exports at 270,000 units, up 122.9% [6][50][54]. Industry Dynamics - The report notes significant developments in the automotive sector, including the establishment of a new company by Jetta to focus on new energy vehicles, and plans by XPeng to build an independent overseas supply chain team [62][64]. - The Hong Kong government is advancing autonomous driving tests, which could provide valuable insights for the application of such technologies in urban environments [61].