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 ...

Group 1 - The core viewpoint of the article highlights the ongoing weakness in Hong Kong's automotive stocks, with significant declines observed in companies such as Geely Auto and Li Auto, among others [1] - As of January 12, 2026, over 20 automotive companies have launched promotional activities for more than 75 models, employing various strategies such as cash subsidies and interest-free financing [1] - The Secretary-General of the National Passenger Car Market Information Association, Cui Dongshu, suggests that the current price reductions by car manufacturers are a rational return to pricing rather than a price war, although the trend of price cuts is expected to continue into 2026 [1] Group 2 - Analysts predict that the promotional activities may stimulate sales, potentially leading to a strong start for the automotive market in January 2026, but these promotions are likely to compress profit margins for companies and create significant operational pressure for dealers [1] - It is widely anticipated that the number of automotive companies will decrease by 2026, with market concentration (CR5) expected to rise from 65% to 80%, indicating that brands lacking core competitiveness may face elimination or consolidation [1]

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]

Core Insights - The AITO M7 has achieved cumulative deliveries exceeding 400,000 units, with the extended-range version now available for pre-order starting at 299,800 yuan [1][4] - The AITO M7 is a high-end smart vehicle developed jointly by Seres and Huawei, showcasing a commitment to integrating advanced ICT technologies into manufacturing [4] - In December 2025, AITO set a new monthly delivery record with over 57,000 vehicles delivered, bringing the total for the year to over 420,000 units, leading the high-end new energy vehicle market [5] Company Developments - Huawei and Seres are collaborating to establish a global model for smart manufacturing, integrating AI and various ICT technologies into the Seres Super Factory [4] - The partnership aims to create a safe, efficient, and green smart manufacturing park, enhancing production efficiency and promoting sustainable development [5] - Huawei's ongoing collaboration with GAC Group focuses on building the HarmonyOS ecosystem and enhancing intelligent driving experiences in various vehicle models [5] Industry Trends - In December, the export of new energy passenger vehicles reached 273,000 units, marking a year-on-year increase of 119.8% and accounting for 46.4% of total passenger vehicle exports [6] - Pure electric vehicles constituted 57.9% of new energy exports, with A00 and A0 class pure electric vehicles making up 68% of this category [6]

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 ...

Investment Rating - The report maintains an "Overweight" rating for the automotive industry, indicating an expectation that the industry index will outperform the market index by more than 10% over the next six months [2][38]. Core Insights - The automotive sector has shown a recent upward trend, with the Shenwan Automotive Index rising by 3.52% over the past two weeks, outperforming the CSI 300 Index by 1.47 percentage points [4][11]. - The report highlights the implementation of a new vehicle scrappage and replacement policy for 2026, which includes subsidies for purchasing new energy vehicles and fuel-efficient cars, aimed at boosting consumer confidence and sales [33][34]. - The report notes a significant decline in retail sales of passenger vehicles in December 2025, with a year-on-year decrease of 13%, indicating a cautious market sentiment as consumers await new subsidy policies [21][34]. Summary by Sections Automotive Industry Trends and Valuation Review - As of January 8, 2026, the Shenwan Automotive Index has increased by 1.49% since the beginning of the year, ranking 23rd among 31 industries [11][12]. - The automotive sub-sectors have also experienced growth, with the automotive parts sector rising by 4.66% and the motorcycle and other sectors increasing by 2.44% [13][14]. Industry Data Tracking - Raw material prices have seen increases, with steel prices up by 0.70%, aluminum by 6.95%, and lithium carbonate by 16.88% as of January 8, 2026 [18][19]. Industry News - The Ministry of Industry and Information Technology has initiated testing and safety evaluations for smart connected vehicles equipped with autonomous driving features [20]. - The Ministry of Commerce projects that 17.67 million vehicles will be scrapped from 2024 to 2025, with an annual growth rate of 45.8% [22]. Corporate News - Xiaomi's new electric vehicle, the SU7, is expected to launch in April 2026 [26]. - Desay SV plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international presence [28]. - Hesai Technology has been selected by NVIDIA as a lidar partner for its autonomous driving platform [30]. Investment Recommendations - The report suggests focusing on companies like BYD and Seres, which are expanding their overseas markets and benefiting from the increasing penetration of smart driving technologies [33][35].