12月15日，工业和信息化部公布，两款L3级自动驾驶车型产品获准入许可。两款车型将分别在重庆、 北京相关区域内开展上路通行试点。第一财经记者了解到，这两款车型分为长安汽车旗下深蓝SL03和 北汽旗下极狐阿尔法S。其中，深蓝SL03搭载的是长安自研的"天枢智能"辅助驾驶系统，阿尔法S搭载 的则是华为ADS智能驾驶系统。工信部表示，下一步，两款车型将由重庆及北京两家使用主体在上述区 域内开展上路通行试点。相关部门将加强车辆运行监测和安全保障，不断健全智能网联汽车准入管理和 标准法规体系，推动我国智能网联新能源汽车产业高质量发展。中国汽车工业协会常务副会长兼秘书长 付炳锋表示，我国自动驾驶汽车产业正从"技术验证"加速迈向"量产应用"的新阶段。这不仅体现了技术 的发展，更是国家统筹高质量发展与高水平安全，以包容审慎监管护航前沿技术安全落地、激发产业创 新活力的生动实践。 ...

12月15日，北汽集团旗下极狐阿尔法S（L3版）正式获批工业和信息化部自动驾驶车型产品准入许可，即将在北京市限定区域内开展L3级有条件自动驾驶上 路通行试点。这标志着我国自动驾驶技术发展逐步走向量产应用阶段，也是北汽集团在自动驾驶领域从技术验证阶段迈向量产应用阶段的重要里程碑。 多层冗余软硬件架构 通过严苛测试验证标准 2024年6月，工信部、公安部、住建部、交通部四部门联合发布进入首批智能网联汽车准入和上路通行试点联合体名单，北汽入围首批名单。此后，北汽依 托元境智能技术体系在战略、技术、开发体系等方面的优势，先后通过多轮测试，最终在众多入围企业中脱颖而出，获批此次自动驾驶车型产品准入许可。 北汽的申报车型为极狐阿尔法S（L3版），该车搭载了包含3颗激光雷达在内的34颗高性能传感器。这些传感器如同敏锐的"眼睛"，协同工作，实现了对车 辆周围360度全方位的环境感知覆盖，为系统决策提供了精准、全面的环境信息。极狐阿尔法S（L3版）借鉴了航空领域成熟且严苛的安全设计理念，在感 知、决策、转向、制动、通信、电源、定位等方面，实现了全链路安全冗余备份。在验证过程中，极狐阿尔法S（L3版）经历了严苛的功能测试、交规符 ...

【#北汽集团明年一季度开展L3上路试点##L3版极狐采用华为乾崑智驾ADS系统#】12月15日，北汽集 团表示，计划于2026年一季度将以特定场景启动L3运营。"此次申报车型为极狐阿尔法S（L3工信部 版），搭载了包含3颗激光雷达在内的34颗高性能传感器。"北汽方面表示，目前北汽元境智驾技术体系 有Pro、Max、Ultra三种版本，其中Max版本使用400-600T算力，基于世界模型和VLA技术，可拓展至 L3级有条件自动驾驶；Ultra版本使用1000T以上算力，面向L4级无人驾驶出租车。（智通财经） ...

Investment Rating - The report assigns an "Overweight" rating for the heavy truck industry [4]. Core Insights - The report highlights that in November, domestic heavy truck sales reached 113,000 units, representing a year-on-year increase of 65% and a month-on-month increase of 7%. The cumulative sales from January to November reached 1.041 million units, up 27% year-on-year [2][4]. - The report anticipates a gradual recovery in heavy truck sales due to the economic recovery and the introduction of the "old-for-new" policy in 2025, projecting sales of 1.117 million units for 2025, a 24% increase year-on-year [4]. - The report emphasizes the growing penetration of new energy heavy trucks, expecting the penetration rate to reach 18% by 2025, driven by technological advancements and cost reductions [4]. Summary by Sections Sales Performance - In November, the sales structure of heavy trucks showed that semi-trailer trucks accounted for 51.7%, cargo trucks for 27.0%, and non-complete vehicles for 21.2%. The sales of semi-trailer trucks reached 62,000 units, up 85% year-on-year, while heavy cargo truck sales were 29,000 units, up 61% year-on-year [4]. - The report notes that the sales of domestic natural gas heavy trucks in November were 19,000 units, a significant increase of 154% year-on-year, although it saw a month-on-month decline of 12% [4]. Market Trends - The report indicates that the heavy truck market's high prosperity in November is attributed to the tail effect of the "old-for-new" policy and the continuation of the traditional peak season for heavy trucks [4]. - The report also highlights that the penetration rate of natural gas in heavy trucks was 17% in November, with expectations for further growth due to the economic advantages of natural gas vehicles for high-mileage operations [4]. Company Recommendations - The report recommends several companies for investment, including Weichai Power, China National Heavy Duty Truck Group, CIMC Vehicles, Foton Motor, and FAW Jiefang, based on their growth potential and market positioning [4].

Core Viewpoint - The domestic new energy light truck market has maintained a continuous growth momentum, achieving a record of "23 consecutive increases" in sales as of November 2025, with a total sales volume of 15.21 million units, reflecting a year-on-year growth of 69% [5][37]. Sales Performance - In November 2025, the new energy light truck market sold 16,000 units, marking a month-on-month increase of 13% and a year-on-year increase of 9% [5][6]. - The overall light truck market sold 54,100 units in November, with new energy light trucks accounting for 29.56% of the total, up from 27.93% the previous month [10][25]. - The cumulative sales of new energy light trucks from January to November 2025 reached 152,100 units, significantly higher than the average monthly sales of approximately 8,700 units in 2024 [8][10]. Market Share and Growth - The market share of new energy light trucks has increased, with a penetration rate of 24.46% from January to November 2025, compared to 17.73% for the entire year of 2024 [10][37]. - The top companies in the new energy light truck market include: - Yuan Cheng New Energy Commercial Vehicles: 2,733 units sold, -13% year-on-year [2][27]. - Foton Motor: 2,684 units sold, +14% year-on-year [2][27]. - China National Heavy Duty Truck Group: 1,259 units sold, +199% year-on-year [2][27]. - Shaanxi Automobile Group: 1,136 units sold, +49% year-on-year [2][27]. - Weichai New Energy: 1,023 units sold, +150% year-on-year [2][27]. Regional Performance - All provincial administrative regions in China have seen an increase in new energy light truck registrations, with Guangdong leading with a 53% year-on-year growth [13][14]. - Major cities such as Shenzhen, Guangzhou, and Zhengzhou have registered over 3,000 new energy light trucks this year [13]. Fuel Type Analysis - Pure electric vehicles remain the dominant technology in the new energy light truck market, accounting for 92.74% of sales from January to November 2025, an increase from previous years [17][19]. - Hybrid light trucks sold 9,850 units, reflecting a year-on-year growth of 43%, but this growth rate is lower than the overall market growth [19][20]. - Fuel cell light trucks have seen a decline, with only 1,190 units sold, a decrease of 26% year-on-year [23]. Conclusion - The new energy light truck market has shown robust growth, with significant increases in both sales volume and market penetration. The trend is expected to continue into December 2025, potentially extending the growth streak [37].

2、碳纤维 | 据上证报报道，全球碳纤维行业巨头日本东丽株式会社宣布，自2026年1月起，其王牌产品——碳纤维"东丽卡"及其中间加工品(如预浸料、织 物、层压板)的全球售价将上调10%至20%。 点评：研究机构认为，目前碳纤维行业正处于周期底部复苏阶段，经过前期价格深度调整与产能出清，行业供需格局逐步修复，价格已呈现筑底企稳迹象。 随着"反内卷"政策推动行业供给收缩与集中度提升,行业景气度有望持续改善。需求方面，呈现结构性回暖，风电领域增长强劲，航空航天持续复苏，低空 经济(如eVTOL、无人机)成为新的增长点。 明日主题前瞻 1、磷酸铁锂 | 据新浪财经报道，自12月上旬开始,新能源产业链迎来价格波动,其中磷酸铁锂正极材料生产厂商掀起集体提价潮。从多个渠道了解到,在即将迎 来2026年之际,多家磷酸铁锂企业开始和客户商谈价格,一些头部企业提出了提价诉求,涨幅集中在2000元-3000元/吨之间。部分企业甚至表示，涨价趋势预计 将持续至2026年第四季度。 点评：卓创资讯富宝锂电分析师苗敏表示,当前磷酸铁锂企业订单已排至2026年一季度，部分企业甚至暂停接单，其中高压实等高端产品供需结构持续偏 紧。供给端来看 ...

12月15日，工业和信息化部（以下简称"工信部"）正式公布我国首批L3级有条件自动驾驶车型准入许 可，长安汽车、北汽极狐两款车型分别获批在重庆、北京指定区域开展上路试点。在政策合规持续完 善、车企竞速落地、科技企业技术赋能的多重驱动下，自动驾驶产业链正在逐步实现规模化落地。 业内人士指出，L3级自动驾驶获得准入许可，将推动产业链技术加速迭代，驱动算力平台向车规级标 准与规模化应用方向演进。同时，责任主体界定、法规适配等相关实践将逐步积累经验，为后续规模化 落地奠定基础。 | 近期. 型庆长安汽车股份有限公司和北汽蓝谷麦格树汽车有限公司两家汽车企业向我都提交了搭载L3级有条件自动驾驶功能的照能网联汽车产品准入 | | --- | | 请,根据《通路机动车辆生产企业及产品准入管理办法》等有关规定、设受理、审查、公示等程序、我部于第401批《公告》附条件许可了相关产品。 | | 一是长安博SC7000A4ARBEV型艳电动轿车,可以实现在交通拥堵环境下高速公路和城市快速路单车道内的目动感恩功能【最高车速50km/h】,目 | | 该功能仅明在重庆市内环快速路、新内环快速路（高港岩立交一群家桥立交）及渝都大道《人和立 ...

证券日报网讯12月15日，福田汽车（600166）在互动平台回答投资者提问时表示，为应对明年市场旺季 需求，公司适度增加生产备货，以保障后续订单高效交付。这属于公司基于市场预判的正常生产经营安 排，不会对公司经营产生不利影响。 ...

Group 1 - Beijing Futian Yiwei New Energy Technology Co., Ltd. has been established with a registered capital of 500 million yuan [1] - The business scope includes research and development of new materials technology, electronic special materials, and battery sales [1] - The company is jointly owned by Yiwei Lithium Energy (300014) and Futian Automobile (600166) [1]

证券日报网讯 12月15日，福田汽车在互动平台回答投资者提问时表示，会享福（天津）科技有限责任 公司的主要业务是二手车交易服务、汽车销售及汽车租赁服务等，是福田汽车与产业链上下游成立的合 资公司。卡友福是公司后市场业务面向社会车辆的服务品牌，并非法人主体。卡友福与会享福无直接关 系。 （编辑 丛可心） ...