Investment Rating - The investment rating for the automotive industry is "Positive" and maintained [9] Core Insights - The wholesale sales of passenger vehicles in Q4 2025 are expected to be approximately 8.76 million units, a year-on-year decrease of 1% but a quarter-on-quarter increase of 14%. The profitability in Q4 may show differentiation compared to the same period last year, with expectations for a quarter-on-quarter improvement [2][5] - The revenue from automotive parts is anticipated to grow steadily quarter-on-quarter, but profitability may face pressure due to factors such as raw material costs and exchange rates [2][5] - The wholesale sales of heavy trucks are projected to be 314,000 units in Q4 2025, representing a year-on-year increase of 43.6% and a quarter-on-quarter increase of 11.5% [2][5] - The overall sales of buses are expected to see a significant quarter-on-quarter increase during the peak season, with sales of large and medium buses reaching 44,000 units, a year-on-year increase of 8.8% and a quarter-on-quarter increase of 42.2% [2][5] - The total sales of motorcycles are estimated to be around 4.73 million units in Q4 2025, reflecting a year-on-year increase of 11.0% but a quarter-on-quarter decrease of 6.2% [2][6] Summary by Sections Passenger Vehicles - Q4 2025 wholesale sales are expected to be about 8.76 million units, down 1% year-on-year but up 14% quarter-on-quarter. New energy vehicle sales are projected at 4.84 million units, up 13% year-on-year and 21% quarter-on-quarter [5] Automotive Parts - Revenue is expected to grow steadily quarter-on-quarter, but profitability may be pressured by raw material and exchange rate factors [5] Heavy Trucks - Q4 2025 wholesale sales are projected at 314,000 units, with a year-on-year increase of 43.6% and a quarter-on-quarter increase of 11.5% [5] Buses - Large and medium bus sales are expected to reach 44,000 units in Q4 2025, with a year-on-year increase of 8.8% and a quarter-on-quarter increase of 42.2% [5] Motorcycles - Total motorcycle sales are estimated at 4.73 million units in Q4 2025, reflecting an 11.0% year-on-year increase but a 6.2% quarter-on-quarter decrease [6]

1月12日，港股汽车股持续疲弱，其中，吉利汽车、零跑汽车跌超3%，广汽集团跌2.8%，理想汽车、小 鹏汽车跌超2%，长城汽车、蔚来汽车、赛力斯、奇瑞汽车均有跌幅。（新浪财经） 作者丨彭鑫 编辑丨安安 ...

2025年1-12月厂商批发销量排行榜 单位:辆 点 击 蓝 字 关 注 我 们 本文全文共603 字，阅读全文约需 2 分钟 据中国汽车流通协会乘用车市场信息联席分会最新销量数据统计，2025年12月份国内狭义乘用车市场 零售 销量达226.1万辆，同比下降14.0%，环比增长1.6%；1-12月份累计销量2374.4万辆，同比增长 3.8%。 12月分析: 2025年圆满实现"十四五"了汽车市场的增长预期。2025年在大力度整治内卷的大环境下，市场 的亮点出现在新能源车市场和出口市场。12月，随着新能源车辆购置税免税政策年末到期，车市本该拉出年末 翘尾弧线，但各省市补贴资金池的告罄，无形中促成了购车潮的削平作用，年底走势也有利于把车市需求转积 到2026年的"十五五"开门红上。 注 : 1.本文数据是基于中国汽车流通协会乘用车市场信息联席分会月报表-初稿。 2.批发是指厂商到经销商的数据（含出口），零售是指经销商到用户的数据。 | | | | 2025年12月厂商批发销量排行榜 | | | | --- | --- | --- | --- | --- | --- | | 单位:辆 | | | | | | | ...

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。 | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600733 | 北汽蓝谷 | 8.86 | 3.87% | 241.79万 | 21.19亿 | | 000572 | 出紧田换 | 7.69 | 0.92% | 158.29万 | 12.15亿 | | 000625 | 长安汽车 | 11.95 | 0.84% | 103.98万 | 12.38 Z | | 002594 | 比亚迪 | 97.47 | 0.47% | - 42.53万 | 41.25亿 | | 601633 | 长城汽车 | 22.17 | 0.18% | 19.38万 | 4.28亿 | | 600104 | 上汽集团 | 15.42 | 0.13% | 61.72万 | 9.49 G | | 601238 | 广汽集团 | 8.44 | 0.00% | 55.84万 | 4.68 Z | | 601 ...

格隆汇1月12日｜港股汽车股持续疲弱，其中，吉利汽车、零跑汽车跌超3%，广汽集团跌2.8%，理想汽 车、小鹏汽车跌超2%，长城汽车、蔚来汽车、赛力斯、奇瑞汽车均有跌幅。 港股频道更多独家策划、专家专栏，免费查阅>>责任编辑：栎树 部分车型直接采用现金补贴，部分车型玩起"一口价"卖车，部分车型则采用金融贷款3年免息或5年免息 的策略，部分车型叠加置换补贴、"补上加补"。全国乘联分会秘书长崔东树认为，此轮车企的降价不 是"价格战"，而是价格的合理回归。但展望2026年，车企的降价势头仍将持续。 分析指出，车企促销有望刺激销量，部分机构预计2026年1月车市能实现"开门红"，但直接压缩企业利 润空间，并给经销商带来巨大经营压力。分析普遍预测，2026年车企数量可能减少，市场集中度 （CR5）将从65%提升至80%，不具备核心竞争力的品牌将面临被淘汰或整合的命运。 消息上，2026年开局，中国汽车市场新一轮竞争随之开启，车企一方面开启促销优惠，另一方面加推改 款车型增配不增价。但与去年不同的是，今年车市的激烈竞争来得更早。据不完全统计，从1月1日至 今，已有20多家车企、共计超75款车型发布了限时促销活动，且促销形式 ...

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 天眼查资料显示，天津赛力斯自动化科技有限公司，成立于2010年，位于天津市，是一家以从事科技推 广和应用服务业为主的企业。企业注册资本500万人民币。通过天眼查大数据分析，天津赛力斯自动化 科技有限公司参与招投标项目6次，专利信息16条，此外企业还拥有行政许可1个。 国家知识产权局信息显示，天津赛力斯自动化科技有限公司取得一项名为"一种易于安装的快速法兰"的 专利，授权公告号CN223782304U，申请日期为2025年2月。 财经频道更多独家策划、专家专栏，免费查阅>> 专利摘要显示，本实用新型公开了一种易于安装的快速法兰，属于法兰技术领域，包括法兰主体，所述 法兰主体的内部设置有多个定位孔，所述法兰主体的内表面上设置有内螺纹与安装内槽，所述法兰主体 的内部设置有内孔，所述法兰主体的两侧外壁上均固定安装有外壳，所述外壳的内部设置有安装定位组 件，所述安装内槽的内侧镶嵌安装有密封组件；本实用新型中，通过配套设置有安装定位组件与内螺 纹，使得该法兰具有两种不同的安装方式，可直接通过内螺纹旋转安装在螺纹适配的管体上，也可采 ...

Core Viewpoint - The article discusses the evolving landscape of the Chinese automotive industry, focusing on the impact of personal branding (IP) of industry leaders, the rise of Huawei in automotive technology, and the trends in global expansion and regulatory changes in autonomous driving [4][5][6]. Group 1: Personal Branding in Automotive Industry - The debate on whether automotive leaders like Lei Jun and Wei Jianjun should develop personal brands (IP) has intensified, with differing opinions on its effectiveness and potential backlash [5][25]. - Lei Jun's recent challenges with Xiaomi's automotive ventures highlight the risks of personal branding, while Wei Jianjun's successful IP development reflects a more grounded approach [26][30]. - The article emphasizes the need for automotive leaders to focus on product quality and strategic management rather than solely on personal branding [31][35]. Group 2: Huawei's Role in Automotive Technology - Huawei's positioning as a service provider rather than a car manufacturer allows it to play a unique role in the automotive industry, focusing on empowering car manufacturers with advanced technologies [7][10]. - The introduction of Huawei's "Jing" and "Jie" series vehicles indicates a strategic expansion into the automotive market, with a focus on high-end segments [9][10]. - Huawei's technology capabilities, including smart cockpit and driving technologies, are seen as critical to its success in the automotive sector, potentially reshaping the competitive landscape [12][15]. Group 3: Trends in Global Expansion - The article notes a significant trend of Chinese automotive companies pursuing IPOs in Hong Kong, reflecting a renewed interest in capital markets and the need for ongoing funding in a capital-intensive industry [38][39]. - The global expansion of Chinese automotive brands is characterized by a shift towards local production and partnerships, moving beyond simple export strategies to more integrated approaches [43][45]. - The necessity for Chinese companies to adapt to local markets and consumer behaviors is emphasized, indicating a more mature approach to globalization [47][49]. Group 4: Regulatory Changes in Autonomous Driving - The Chinese government has implemented stricter regulations on L2 autonomous driving systems, reflecting a growing emphasis on safety following recent incidents [58][60]. - The approval of L3 autonomous driving systems indicates a positive regulatory environment for advanced driving technologies, with companies like Deep Blue and BAIC leading the way [58][61]. - The article suggests that the development of Robotaxi services is gaining momentum, with a focus on subscription-based models as a viable business strategy [61][63].

Investment Rating - The industry investment rating is "Positive" [2] Core Insights - The report highlights that in 2025, over 11.5 million vehicles will be replaced under the vehicle trade-in program, leading to a total retail of 23.744 million passenger cars, with approximately 54% being new energy vehicles [20][3] - The report indicates a projected growth in the automotive market, with a U-shaped sales trend expected for passenger vehicles in 2026, maintaining overall sales levels similar to 2025 [20] - Key companies to watch include BYD, Geely, Great Wall Motors, and others in the passenger vehicle sector, as well as major players in commercial vehicles and auto parts [3][20] Industry Performance - The A-share automotive sector underperformed the market, with a weekly increase of 2.53% compared to the 2.79% rise in the CSI 300 index, ranking 24th among A-share industries [3][9] - The report notes that the passenger vehicle segment saw a 3.8% year-on-year increase in retail sales, while new energy vehicles experienced a 17.6% growth [20] Key Industry News - The Ministry of Commerce announced that the vehicle trade-in program will exceed 11.5 million vehicles in 2025, contributing to over 1.6 trillion yuan in new car sales [20] - Geely received the largest L3 autonomous driving test license in China, covering an area of 9,224 square kilometers [20] - Baidu's autonomous driving platform, "萝卜快跑," obtained the first full unmanned testing license in Dubai, paving the way for commercial operations [20] Upstream Data Tracking - The report includes tracking of key material prices such as steel, aluminum, and lithium carbonate, which are crucial for automotive manufacturing [23][24]

据华为终端官方微博1月10日消息，问界M7全系累计交付突破40万台！问界M7增程长续航版同步开启预订，预售价29.98万元起。 每日经济新闻综合华为终端官方微博、余承东微博、公开资料 （文章来源：每日经济新闻） 赛力斯问界BG智能制造部部长范锐强表示，赛力斯携手华为，以"三大理念、四大平台、五大能力"为基准，基于AI驱动，依托智慧园区 解决方案，充分利用"平台+联接"汇聚海量数据资产，加速资源共享，建设安全、高效、绿色的超级工厂智慧园区，实现高效生产、智慧 办公、精益运营，助推智能化生产、提效率、降能耗，促进可持续发展。 近期，问界公布最新交付数据，2025年12月交付新车超5.7万辆，创单月交付新纪录；2025全年累计交付新车突破42万辆，领跑高端新能 源汽车市场。自品牌发布以来，问界已累计交付新车超97万辆。 1月5日，华为常务董事、产品投资评审委员会主任、终端BG董事长余承东在社交平台发文，今天我带队来到广汽集团，与冯兴亚董事长 及团队交流共建鸿蒙生态，也参观了广汽展厅。华为与广汽在企业智能化、汽车电动化网联化智能化等方面都有合作，广汽昊铂A800、 广汽传祺向往M8、向往S9等车型搭载了华为乾崑智驾和 ...

国家知识产权局信息显示，赛力斯汽车有限公司申请一项名为"车内乘员体质指数检测方法、装置、电 子设备及存储介质"的专利，公开号CN121305620A，申请日期为2025年11月。 专利摘要显示，本发明提供一种车内乘员体质指数检测方法、装置、电子设备及存储介质，该方法包括 获取包含车内乘员的目标区域图像，对目标区域图像进行人脸检测，得到人脸区域图像，将人脸区域图 像输入预先训练的体质指数预测模型中，输出车内乘员的第一体质指数及对应的第一置信度，对目标区 域图像进行人体上半身检测，提取上半身关键点，基于上半身关键点的位置关系得到上半身骨架的几何 特征，将几何特征输入预先训练的回归模型中，输出车内乘员的第二体质指数及对应的第二置信度，根 据融合权重系数对第一体质指数和第二体质指数进行加权融合，得到车内乘员的融合体质指数，通过该 方法解决相关技术中体质指数检测不准确和检测成本较高的技术问题。 天眼查资料显示，赛力斯汽车有限公司，成立于2012年，位于重庆市，是一家以从事汽车制造业为主的 企业。企业注册资本1063727.9999万人民币。通过天眼查大数据分析，赛力斯汽车有限公司共对外投资 了10家企业，参与招投标项目 ...