Core Viewpoint - International car companies that voluntarily exited the Russian market two years ago may now find it difficult to return due to ongoing geopolitical instability and financial implications of their decisions [1]. Group 1: International Car Companies' Dilemma - Hyundai sold its St. Petersburg factory for 7,000 rubles (approximately 550 RMB) with a two-year buyback option, but now faces the dilemma of either investing heavily to restore the factory or losing a significant investment of 540 billion KRW (approximately 2.6 billion RMB) [4][5][10]. - Other international car manufacturers, such as Toyota and Volkswagen, chose to exit without retaining buyback rights, while companies like Mazda and Renault are now grappling with the implications of their buyback options [12][19]. - Mazda sold its 50% stake in a Russian joint venture for 1 euro and opted not to exercise its buyback option after three years, indicating the varying levels of commitment among companies [16][24]. Group 2: The Rise of Chinese Car Manufacturers - The exit of major international car companies led to a 60% drop in car production and sales in Russia, creating an opportunity for Chinese car manufacturers to capture market share [35][36]. - Chinese brands increased their market share in Russia from 9% in 2022 to 49% in 2023, with projections to reach 62% in 2024, demonstrating a significant shift in the automotive landscape [44]. - The volume of Chinese car exports to Russia is projected to rise from 163,000 units in 2022 to 1.28 million units in 2024, making Russia the largest export market for Chinese cars [45][48]. Group 3: Challenges Ahead for Chinese Car Manufacturers - Despite the initial success, Chinese car manufacturers face challenges starting in 2024, including increased taxes on imported vehicles and negative media coverage regarding vehicle reliability [53][61]. - The Russian government has implemented significant tax increases on imported vehicles, which could impact the profitability of Chinese car manufacturers operating in the market [57][60]. - The need for Chinese manufacturers to adapt their products to meet local consumer demands and improve quality is critical, but establishing local production facilities involves substantial investment risks [69][70].

沪指1月7日上涨0.05%，申万所属行业中，今日上涨的有17个，涨幅居前的行业为综合、煤炭，涨幅分 别为3.86%、2.47%。跌幅居前的行业为石油石化、非银金融，跌幅分别为1.73%、1.13%。汽车行业今 日下跌0.32%。 汽车行业资金流出榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 000981 | 山子高科 | 2.24 | 23.63 | -138684.14 | | 002594 | 比亚迪 | -2.39 | 1.61 | -102730.47 | | 002703 | 浙江世宝 | 3.92 | 32.22 | -50289.53 | | 601689 | 拓普集团 | -2.09 | 2.29 | -43086.50 | | 000559 | 万向钱潮 | -1.49 | 10.84 | -38827.98 | | 000901 | 航天科技 | -4.41 | 14.02 | -33619.87 | | 600699 | 均胜电子 | -2.72 | 5.79 | -3 ...

近日，江汽集团控股公司党委书记、董事长项兴初率核心团队远赴深圳，会晤华为创始人任正非等企业掌舵者。这场跨域相逢，不仅是双方合作征程中的重 要里程碑，更成为洞察中国汽车产业智能化变革浪潮的关键窗景。 双方聚焦汽车产业智能化转型的时代浪潮、既有合作项目的推进脉络及未来发展的宏伟蓝图，展开深度擘画，明确将进一步拓宽合作疆域，在汽车智能化、 企业数智化等核心领域续写协同创新的篇章。事实上，江汽与华为的深度携手绝非偶然，既是江汽冲破发展桎梏、驰骋智能化转型赛道的战略抉择，更深刻 映照出当下汽车行业从"孤勇前行"迈向"跨界共生"、从"电动化普及"迈向"智能化深耕"的核心演进趋势。 从合作根基与发展远景来看，江汽与华为已构建起体系化的合作矩阵，此次深化携手将进一步实现优势互补、资源聚合的乘数效应。事实上，双方的合作渊 源并非始于此次会晤：2025年4月，双方便签署全面深化战略合作协议，聚焦新能源汽车平台开发、智能电动部件应用等关键领域；同年6月，合作版图进一 步拓展，明确在智能驾驶、智能座舱、企业数智化转型等维度开展全方位协作，尊界系列车型的成功交付，正是双方协同效能的生动注脚。 此次深圳会晤，则为未来的合作路径勾勒出更清 ...

Core Viewpoint - The official launch of the autonomous logistics delivery vehicle production line by Jiushi Intelligent at the Jiangqi Group's Fuyang production base marks a significant milestone in the collaboration between Fuyang City, Jiushi Intelligent, and Jianghuai Automobile, aimed at advancing technological and industrial innovation integration [1][3][9]. Group 1: Company Developments - Jiushi Intelligent has invested 1 billion yuan in Fuyang, planning to establish a production base with an annual capacity of 20,000 autonomous logistics delivery vehicles [7][13]. - The project from initiation to the first vehicle off the line took only two months, showcasing the rapid execution capabilities of Jiushi Intelligent and its partners [11]. Group 2: Strategic Goals - The collaboration aims to leverage Fuyang's advantages in talent, transportation, logistics, and industrial support to create a leading production base and ecosystem for autonomous logistics vehicles [3][9]. - Jiushi Intelligent plans to develop a comprehensive ecosystem covering research and development, manufacturing, operation, and service, contributing to improved urban operational efficiency and innovative urban governance models [5][11]. Group 3: Industry Impact - The partnership is expected to enhance the integration of technology and manufacturing, with a focus on creating a robust supply chain and industry ecosystem for smart connected new energy vehicles [1][3]. - Jiushi Intelligent is recognized as a leading player in the autonomous driving sector, having achieved large-scale operations in urban logistics with its self-developed L4 autonomous driving technology [7][13].

项兴初拜访任正非先生。 展望未来，江汽集团与华为将进一步拓宽合作领域，在汽车智能化、企业数智化等关键领域持续深化合 作，共同推动新能源汽车产业实现高质量发展，为中国汽车强国建设注入新动能。(江汽宣 文/图) 1月5日，江汽集团控股公司党委书记、董事长、总经理项兴初率团队赴深圳，拜访华为公司创始人任正非 先生等。双方围绕汽车产业智能化变革趋势、合作项目进展及未来规划等，进行了全面深入的交流。 ...

Core Viewpoint - Jianghuai Automobile has recently applied for a patent for a "multi-modal flying car," indicating its commitment to innovation in the automotive and aerospace sectors [1] Summary by Relevant Sections Patent Details - The patent describes a multi-modal flying car that includes biomimetic flying wings and ducted fans [1] - The biomimetic flying wings are designed to fold and extend on both sides of the vehicle, expanding during flight mode and retracting for ground driving mode [1] - Multiple sets of vertically downward ducted fans are installed in both the front and rear compartments of the vehicle for vertical lift control [1] - The ducted fans are embedded within the vehicle's body, and the outlet of the duct features adjustable grilles that can be closed during ground driving mode and adjusted during flight mode to control airflow direction [1] Benefits of the Invention - The invention aims to reduce noise and energy consumption of flying cars while increasing their range [1]

Group 1: Domestic News - The Ministry of Commerce announced that from 2024 to 2025, China aims to achieve 18.3 million vehicle trade-ins, with nearly 60% being new energy vehicles [2] - In 2024, the national scrapped vehicle recovery is projected to reach 17.67 million units, with an annual growth rate of 45.8% [2] - The second-hand vehicle transactions are expected to reach 39.686 million units [2] Group 2: Traffic and Safety Initiatives - Beijing is planning to implement a "no-cost first aid" policy for traffic accident victims, ensuring they receive immediate medical care without upfront costs [3] Group 3: Insurance and Financial Support - Guangdong is optimizing insurance services for new energy vehicles and exploring the development of intelligent driving liability insurance products to support the growth of the new energy vehicle industry [4] - The province is encouraging insurance institutions to provide various insurance products related to consumer goods [4] Group 4: Transportation Policies - Henan province will exempt hydrogen-powered trucks from toll fees on expressways until the end of 2027 and offer a 50% discount for electric trucks [5] Group 5: Automotive Industry Performance - In the UK, new car registrations are projected to reach 2.02 million in 2025, a 3.5% increase from 2024, with pure electric vehicle sales growing approximately 25% [6] - Lucid Motors reported a total production of 18,378 vehicles in 2025, a 104% increase, and deliveries of 15,841 vehicles, a 55% increase [9] - Chery Group set a sales target of 3.2 million vehicles for 2026, representing a 14.03% growth from 2025 [10] - NIO's one-millionth production vehicle has been officially launched, marking a significant milestone for the company [11] Group 6: Technological Advancements - NVIDIA announced plans to test its Level 4 autonomous taxi service in 2027, utilizing its full-stack autonomous driving technology [7] - Hyundai Motor Group plans to deploy Boston Dynamics' Atlas robots in its U.S. factories starting in 2028 [8] - Geely and Qianli Zhijia jointly launched a new smart driving brand, G-ASD, covering intelligent driving capabilities from Level 2 to Level 4 [13] - Hesai Technology has been selected by NVIDIA as a lidar partner for its DRIVE AGX Hyperion 10 platform, aimed at enabling Level 4 autonomous driving [14]

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 证券代码：600418 证券简称：江淮汽车 公告编号：2026-001 安徽江淮汽车集团股份有限公司 关于向特定对象发行股票申请获得 中国证券监督管理委员会同意注册批复的公告 登录新浪财经APP 搜索【信披】查看更多考评等级 安徽江淮汽车集团股份有限公司（以下简称"公司"）于近日收到中国证券监督管理委员会出具的《关于 同意安徽江淮汽车集团股份有限公司向特定对象发行股票注册的批复》（证监许可〔2025〕3022号）， 主要内容如下: 董事会 2026年1月7日 一、同意你公司向特定对象发行股票的注册申请。 二、你公司本次发行应严格按照报送上海证券交易所的申报文件和发行方案实施。 三、本批复自同意注册之日起12个月内有效。 四、自同意注册之日起至本次发行结束前，你公司如发生重大事项，应及时报告上海证券交易所并按有 关规定处理。 公司将按照上述批复文件和相关法律法规的要求及公司股东会的授权，在规定期限内办理本次向特定对 象发行股票的相关事宜，并及时履行信息披露义务，敬请广大投资者注意投 ...

《江淮汽车关于向特定对象发行股票申请获得中国证券监督管理委员会同意注册批复的公告》 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 截至2026年1月6日收盘，江淮汽车（600418）报收于50.25元，较前一交易日下跌0.26%，最新总市值为 1097.46亿元。该股当日开盘50.3元，最高50.8元，最低49.61元，成交额达26.07亿元，换手率为2.38%。 公司近日发布公告称，安徽江淮汽车集团股份有限公司于近日收到中国证券监督管理委员会出具的《关 于同意安徽江淮汽车集团股份有限公司向特定对象发行股票注册的批复》（证监许可〔2025〕3022 号），批复同意公司向特定对象发行股票的注册申请。批复自同意注册之日起12个月内有效。公司需严 格按照报送上海证券交易所的申报文件和发行方案实施发行，并在发生重大事项时及时报告。公司将根 据批复要求及股东会授权，在规定期限内办理相关事宜并履行信息披露义务。 最新公告列表 ...

证券代码：600418 证券简称：江淮汽车 公告编号：2026-001 二、你公司本次发行应严格按照报送上海证券交易所的申报文件和发行方案 实施。 三、本批复自同意注册之日起 12 个月内有效。 四、自同意注册之日起至本次发行结束前，你公司如发生重大事项，应及时 报告上海证券交易所并按有关规定处理。 公司将按照上述批复文件和相关法律法规的要求及公司股东会的授权，在规 定期限内办理本次向特定对象发行股票的相关事宜，并及时履行信息披露义务， 敬请广大投资者注意投资风险。 安徽江淮汽车集团股份有限公司 关于向特定对象发行股票申请获得 中国证券监督管理委员会同意注册批复的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 安徽江淮汽车集团股份有限公司（以下简称"公司"）于近日收到中国证券 监督管理委员会出具的《关于同意安徽江淮汽车集团股份有限公司向特定对象发 行股票注册的批复》（证监许可〔2025〕3022 号），主要内容如下: 一、同意你公司向特定对象发行股票的注册申请。 特此公告。 安徽江淮汽车集团股份有限公司 董事会 2026 ...