Core Insights - The investment activity in the Midwest region of China is significantly increasing, driven by resource advantages, with a total of 1,346 investment events in 2025, a year-on-year increase of 42.3%, and total investment amounting to 142.99 billion yuan, up 42.5% from the previous year [3][4]. Resource Endowment - The growth of the venture capital market in the Midwest is attributed to its rich resource endowment, which influences the distribution of industrial types and attracts capital inflow, establishing a pattern of "industry first, capital follows" [4][13]. - The Midwest has unique advantages in the new energy and new materials industries, with resources such as rare earths and lithium providing strong upstream support for battery and new materials industries [4][13]. Hard Technology - Investment events in the hard technology sector in the Midwest are expected to rise from 152 in 2024 to 289 in 2025, nearly doubling and increasing its share from 16.07% to 21.47% [6]. - The investment strategy reflects a "broad net" approach, focusing on early-stage projects and fostering a wider innovation ecosystem in the hard technology field [6][13]. New Energy/New Materials - In contrast to hard technology, the new energy/new materials sector shows a trend of capital concentrating on mature projects, with the number of investment events increasing from 189 to 238, a growth of 25.9%, while the investment amount surged from 38.49 billion yuan to 63.85 billion yuan, a 66.1% increase [8]. - The number of projects in this sector decreased from 19.98% to 17.68%, while the investment amount's share increased from 38.3% to 44.65%, indicating a focus on larger, more mature projects [8]. Top Financing Events - The top 20 financing events in the Midwest in 2025 highlight a clear concentration in three areas, confirming the logic that resource endowment drives industry and attracts capital [9]. - Among the top 20 companies, 10 are in the new energy/new materials sector, indicating that these industries account for half of the total financing events, with significant investments closely tied to local resource advantages [10]. Geographic Concentration - Chongqing and Wuhan emerge as the primary hubs for investment, with six and three companies respectively in the top 20, collectively accounting for nearly half of the total [10]. - This concentration reflects the capital's focus on a few core cities with strong industrial foundations, educational resources, and policy support [10]. Investment Round Concentration - Strategic investments dominate the financing landscape, with 13 occurrences, making up 65% of the total, indicating a preference for investments from industrial capital and state-owned enterprises that prioritize synergy with local resources [11].

证券之星消息，1月13日乘用车板块较上一交易日下跌0.71%，海马汽车领跌。当日上证指数报收于 4138.76，下跌0.64%。深证成指报收于14169.4，下跌1.37%。乘用车板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600104 | 上汽集团 | 15.49 | 0.45% | 105.80万 | 16.58亿 | | 601238 | 广汽集团 | 8.46 | 0.24% | 55.15万 | 4.68亿 | | 002594 | 比亚迪 | 97.19 | -0.29% | 49.87万 | 49.05 Z | | 601127 | 審力斯 | 122.70 | -1.07% | - 22.38万 | 27.74亿 | | 601633 | 长城汽车 | 21.93 | -1.08% | 24.97万 | 5.51亿 | | 000625 | 长安汽车 | 11.82 | -1.09% | 95.84万 | 11.39亿 | | 600733 | 北汽蓝谷 ...

自2021年起，赛力斯与华为打破传统合作边界，开创性地构建了"技术共研、产品共定、品牌共建、渠 道共营"的深度协同机制。这种行业首创的"跨界融合"新范式，实现了汽车制造与智能科技的双向赋 能、优势互补。短短46个月，问界M5、M7、M8、M9四大产品序列覆盖20万至60万元主流高端市场， 赢得百万用户的信赖与选择，达成跨界融合新模式下的首个100万。 华为常务董事、产品投资评审委员会主任、终端BG董事长余承东分享了问界成立5年来所取得的亮眼成 绩："问界M9累计21个月稳居50万级销冠，并已达成第27万辆交付，问界M8连续6个月稳居40万级车型 销冠，问界M7累计交付超过40万辆，问界系列出一款爆一款。五年跨界融合让赛力斯与华为合作越来 越紧密，未来还将带来更大的惊喜。" 据介绍，问界坚持"安全是最大的豪华"，在产品层面，问界以"高安全、高可靠、高性能、高品质、高 价值"五高标准打造问界系列产品，以领先的智能科技为用户带来体验的跨越式提升，截至目前，问界 车型辅助驾驶陪伴用户行驶超50亿公里，累计帮助用户避免潜在碰撞超260万次。 1月13日，"AITO问界第100万辆整车下线"活动在赛力斯（601127）超 ...

1月13日，赛力斯集团董事长张兴海在赛力斯第100万辆整车下线仪式上宣布，问界品牌首个百万辆销量耗时五年达成，未来两年将力争完 成第二个百万辆目标，即2026至2027年年均销量需突破50万辆。 来源：第一财经 关注" 新华网财经 "视频号 更多财经资讯等你来看 往期推荐 闫学晶，又一代言被终止 卖爆了！山姆499元羽绒服，多地门店已断货 ...

凤凰网科技讯1月13日，AITO问界品牌在赛力斯（601127）超级工厂举行第100万辆整车下线活动，本 次下线的车型为问界M9，该车型同日达成第27万辆交付。作为由赛力斯与华为跨界融合打造的汽车品 牌，问界从首辆车下线至突破百万辆累计用时46个月。 目前问界旗下产品覆盖20万至60万元价格区间，包含M5、M7、M8、M9等系列。品牌方面公布的数据 显示，问界车型辅助驾驶系统累计行驶里程已超50亿公里，主动避免潜在碰撞超过260万次。在服务体 系上，问界在全国已布局近400家服务门店。 余承东表示，双方合作"未来还将带来更大的惊喜"。根据规划，问界将在实现首个百万辆的基础上，力 争两年内达成第二个百万辆目标，并继续拓展海外市场。 赛力斯集团董事长张兴海在活动中表示，百万辆里程碑是跨界融合模式的实践成果。华为常务董事、终 端BG董事长余承东透露，问界M9已累计21个月位居50万元以上价位段销量榜首，问界M8连续6个月位 居40万元级车型销量第一，问界M7累计交付量已超过40万台。 ...

新浪财经ESG评级中心提供包括资讯、报告、培训、咨询等在内的14项ESG服务，助力上市公司传播ESG理念，提升ESG可持续发展表现。点 击查看【 ESG评级中心服务手册】 在全球可持续发展浪潮席卷而来的当下，ESG（环境、社会、公司治理）已成为衡量企业高质量发展的核心标尺，更是连接企业价值与社会价值的关键纽 带。随着国内 ESG 生态体系的加速完善，政策监管持续收紧、资本市场对 ESG 表现的关注度不断飙升，企业的可持续发展能力愈发成为其核心竞争力的 重要组成部分。 | 排名 | 公司名称 | 公司标识 | 得分星级 行业分类 | | | --- | --- | --- | --- | --- | | | 建设银行 SH601939 | 人工程度发现了 | ★★★★★ | 金融 | | | 中国移动 (HK0941) | A A T T 1 2 | ★★★★★ | 电信服务 | | | 农业银行 SH601288 | 中国农业银行 C | ★★★★★ | 金融 | | 4 | 腾讯控股 HK0700 | Tencent 腾讯 | ★★★★★ | 信息技术 | | 5 | SH601988 中国银行 (HK39 ...

今日，问界第100万辆整车在重庆 赛力斯超级工厂下线。赛力斯董事长张兴海说，问界第一个100万用 了 5 年，第二个100万力争两年内完成。 ...

（文章来源：第一财经） 1月13日，赛力斯集团董事长张兴海在赛力斯第100万辆整车下线仪式上宣布，问界品牌首个百万辆销量 耗时五年达成，未来两年将力争完成第二个百万辆目标，即2026至2027年年均销量需突破50万辆。 ...

Core Insights - Hongmeng Zhixing achieved a total delivery of 589,100 vehicles in 2025, with a monthly peak delivery of 89,600 vehicles, setting a record for the fastest "million delivery" in China's new energy vehicle sector within 43 months [2][11] - The brand ranks second among new energy vehicle manufacturers, just behind Leap Motor, which delivered 597,000 vehicles [12] - The core brand, AITO, celebrated the production of its one-millionth vehicle on January 13, marking a significant milestone [3] Delivery Performance - AITO's new vehicle deliveries exceeded 57,000 in December 2025, setting a new monthly delivery record, and the total annual deliveries surpassed 420,000, leading the high-end new energy vehicle market [7] - The growth trajectory of AITO has been remarkable, with the time taken to reach the one-million delivery mark being only 18 months from 400,000 to 1,000,000, significantly outpacing traditional luxury brands [7] Product Expansion - The first MPV model, Zhijie V9, has been officially announced and is expected to fill a gap in the MPV category, with deliveries anticipated in spring 2026 [2][13] - The company plans to introduce over 10 new models under the "Zhixuan" mode in 2026, further expanding its share in the high-end new energy market [2][13] Sales Growth - In 2025, the overall sales of Seres reached 472,300 vehicles, marking a year-on-year growth of 10.63% [8] - The new M7 model has seen significant success, with over 190,000 units sold in 2024, maintaining the top position in the new energy vehicle segment for 12 consecutive months [6][7] Market Position - AITO has the highest average transaction price among domestic brands, exceeding 400,000 yuan, and has established itself as a leader in the high-end segment [7] - The company has successfully positioned itself in the competitive landscape, with various models like the S9T and S800 leading their respective categories in sales [14][15]

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]