| 证券代码：601633 | 证券简称：长城汽车 公告编号：2026-005 | | --- | --- | | 转债代码：113049 | 转债简称：长汽转债 | 长城汽车股份有限公司 (四) 表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 2026年第一次临时股东会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 1,814 | | --- | --- | | 其中：A 股股东人数 | 1,813 | | 境外上市外资股股东人数（H 股） | 1 | | 2、出席会议的股东所持有表决权的股份总数（股） | 6,007,585,803 | | 其中：A 股股东持有股份总数 | 5,311,649,519 | | 境外上市外资股股东持有股份总数（H 股） | 695,936,284 | (一) 股东会召开的时间：2026 年 1 月 21 日 (二) 股东会召开的地点：河北省保定市朝阳南大街 ...

长城汽车股份有限公司 2026 年第一次临时股东会的 北京金诚同达律师事务所 关于 法律意见书 金证法意[2026]字 0119 第 0038 号 北京市朝阳区建国门外大街 1 号国贸大厦 A 座 10 层 电话：010-5706 8585 传真：010-6518 5057 金诚同达律师事务所 法律意见书 北京金诚同达律师事务所 关于长城汽车股份有限公司 2026 年第一次临时股东会的 法律意见书 金证法意[2026]字 0119 第 0038 号 致：长城汽车股份有限公司 北京金诚同达律师事务所（以下简称"本所"）接受长城汽车股份有限公司 （以下简称"公司"）的聘请，指派本所律师出席公司 2026 年第一次临时股东会 （以下简称"本次股东会"）并对会议的相关事项出具法律意见书。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人 民共和国证券法》《上市公司股东会规则》（以下简称"《股东会规则》"）《律师事 务所从事证券法律业务管理办法》《律师事务所证券法律业务执业规则（试行）》 等有关法律、法规和规范性文件的要求以及《长城汽车股份有限公司章程》（以 下简称"《公司章程》"）的规定，对本 ...

【文/观察者网 王勇 编辑/高莘】 中国汽车工业协会最新数据显示，2025年我国汽车产销量分别达3453.1万辆和3440万辆，同比增长 10.4%和9.4%，双双刷新历史纪录；根据国家统计局的数据，2025年新能源汽车年产销量均突破1600万 辆。这一亮眼成绩彰显了中国汽车产业的强大韧性与内生动力。 当前，中国汽车产业电动化与智能化已不再是"未来趋势"，而是当下竞争的主战场；全球化也不再 是"可选项"，而成为决定企业生死存亡的战略必答题。在这一背景下，中国车企正以前所未有的技术自 信与生态视野，从"制造输出"迈向"体系出海"，在全球汽车产业重构中书写属于自己的新篇章。 汽车产业的未来，终将回归用户需求 在电动化与智能化浪潮席卷全球的今天，技术迭代日新月异，产品功能层出不穷，但真正决定胜负的， 从来不是参数堆砌或概念炫技，而是能否精准洞察、真实回应并持续满足用户的本质需求——安全、可 靠、便捷、愉悦的出行体验。正如长城汽车总裁穆峰在其推出的全新技术平台 "归元"发布会上所 说，"汽车产业的未来，终将回归用户需求"。 感觉完全可以将活字印刷术理念植入到汽车设计中，于是就有了纯电、纯油、柴油混动等多种动力集于 一 ...

中国车企出海更有利了！德国、加拿大开启政策"绿灯"。 这些政策将为中国汽车出海提供更为有利的外部条件。 车东西1月20日消息，最近一周，中国新能源汽车全球化迎来重大利好。 01.中国车企出海重大利好！德国加拿大开启"政策绿灯" 彭博社日前报道称，德国政府宣布，对新购入电动汽车的家庭提供最高可达6000欧元（约合人民币4.9万元）的补贴，该补贴计划总规模为30 亿欧元（约合人民币245亿元），预计可为最多80万辆电动汽车提供支持。 日前，彭博社报道称，德国政府为提振汽车销量，推出了一项价值30亿欧元（约合人民币245亿元）的电动汽车补贴计划，该计划将向所有汽 车制造商开放，包括中国品牌。 并且值得注意的是，该补贴计划将向所有汽车制造商开放，包括中国品牌。 不仅德国官宣了对中国电动汽车的支持政策，加拿大的关税政策也有所调整。 加拿大总理卡尼确认，将取消对中国电动汽车加征的100%关税，并将给予中国电动汽车每年4.9万辆的配额，配额内关税享受6.1%的最惠国关 税待遇。 彭博社报道德国推出电动汽车补贴计划 这项激励措施旨在推动电动汽车普及，并扶持在原补贴政策于2023年底结束后需求大幅下滑的汽车行业。 德国联邦环境 ...

人民财讯1月21日电，华创证券研报称，上周中欧达成纯电汽车进口新协议，加拿大也宣布恢复对配额 内中国电动汽车的最惠国税率，意味着基于海外经济政治形势变化，中国电动汽车出口有望迎来更安 全、更稳定的发展机遇。当前我国汽车出口空间大、增速快、ROE高，是整车重要的成长和估值支撑， 推荐比亚迪（002594）、吉利汽车、长城汽车（601633），建议关注零跑汽车、长安汽车、上汽集团 （600104）、奇瑞汽车。 ...

Investment Rating - The industry investment rating is "Hold" [2] Core Views - In 2025, the automotive production and sales reached 34.53 million and 34.40 million units respectively, marking a historical high and maintaining the position as the world's largest market for 17 consecutive years. Domestic sales were 27.30 million units, a year-on-year increase of 6.7%, while traditional fuel vehicle sales decreased by 4% to 13.43 million units. Exports exceeded 7 million units, reaching 7.10 million, with a year-on-year growth of 21.1%, and new energy vehicle exports doubled to 2.62 million units [6] - The China Association of Automobile Manufacturers (CAAM) forecasts total automotive sales in China for 2026 to be 34.75 million units, a year-on-year increase of 1%, with new energy vehicle sales expected to reach 19 million units, growing by 15.2% [6] Summary by Sections Market Summary - The automotive sector saw a weekly increase of 0.39%, with the best-performing sub-sector being automotive services, which rose by 4.51%. The overall A-share market increased by 0.38%, placing the automotive sector 11th among 31 primary industries [4] Company Performance - The top five companies in terms of weekly performance were Aikelan (+40.53%), Jiaoyun Shares (+39.32%), Kuntai Shares (+18.45%), Xinquan Shares (+16.24%), and Zhejiang Huayuan (+15.99%). Conversely, the bottom five were Taotao Automotive (-10.99%), Aerospace Science and Technology (-12.92%), Yueling Shares (-15.40%), Czhixin (-18.81%), and Tianpu Shares (-25.33%) [5] Investment Recommendations - The report suggests focusing on companies related to intelligent vehicle technology, those with potential in overseas sales, and component manufacturers benefiting from domestic substitution effects. Specific recommendations include Baic Blue Valley for complete vehicles and Bertley, Yinlun Shares, Longsheng Technology, and others for components [8][10]

Investment Highlights - The passenger car sector is expected to see a recovery in Q1 2026 due to the implementation of subsidy policies, with a focus on high-end electric vehicles that are less sensitive to policy changes, such as Jianghuai Automobile, Geely, Great Wall Motors, BAIC Blue Valley, Seres, and Li Auto [2][7] - For exports, priority should be given to leading companies with established overseas systems and proven execution capabilities, including BYD, Great Wall Motors, Chery, Leap Motor, Xpeng, SAIC Motor, and Changan Automobile [2][7] Heavy Truck Sector - In 2025, wholesale heavy truck sales reached 1.144 million units, up 26.8% year-on-year, with domestic sales of 799,000 units, up 32.8%, and exports of 341,000 units, up 17.2% [3][37] - The expected domestic sales for heavy trucks in 2026 is optimistic, projected at 800,000 to 850,000 units, a 3% increase year-on-year [3][37] - Recommended leading heavy truck companies include China National Heavy Duty Truck Group, Weichai Power, Foton Motor, FAW Jiefang, and CIMC Vehicles [3][37] Bus Sector - The implementation of the vehicle replacement policy in 2026 is slightly better than expected, with bus sales in 2025 projected at 38,000 units, a 25% increase year-on-year [3][37] - For 2026, bus sales are expected to grow to 40,000 units, a 5% increase year-on-year, supported by the number of buses over eight years old that need replacement [3][37] - Recommended leading bus companies include Yutong Bus, King Long Motor, and Zhongtong Bus [3][37] Motorcycle Sector - The motorcycle industry is projected to achieve total sales of 19.38 million units in 2026, a 14% increase year-on-year, with large-displacement motorcycles expected to reach 1.26 million units, a 31% increase [4][34] - Domestic sales of large-displacement motorcycles are expected to grow slightly to 430,000 units in 2026, a 5% increase year-on-year, while exports are projected to reach 830,000 units, a 50% increase [4][34] - Recommended leading motorcycle companies include Chunfeng Power and Longxin General [4][34]

作者 | 周智宇 编辑 | 张晓玲 汽车生产范式的变革已然进入深水期。 近日，长城汽车正式发布了"归元平台"。这套技术架构被定义为"全球首个原生AI全动力汽车平台"，将 依托归元平台计划推出5大动力形式、7大品类的51款产品，覆盖从欧拉、魏牌到坦克、长城皮卡的全阵 列车型。长城汽车董事长魏建军对这个名字的解读是，造车最终要回到"车是给人服务的"这个原点。 过去，长城汽车在新能源转型的版图中，品牌线庞杂、技术栈分散。市场对于长城能否在智能化下半场 守住利润基准线，始终存有疑虑。长城此番祭出"归元"，显然是想通过底层架构的极致统一，对接下来 日益残酷的存量竞争给出更高维度的回应。 华尔街见闻从长城汽车方面了解到，在该平台下，车型零部件通用化率达到80%，研发周期缩减约 30%。这意味着从整车研发、生产，到用户拥车成本上，都会由此显著降低。 如果说2024年和2025年的中国车市是营销的狂欢，那么2026年则彻底回归了制造的冷酷。 归元平台的核心特征可以概括为：极致的模块化与全动力兼容。长城借鉴了中国古代活字印刷术的灵 感，将整车结构分解为可重复使用的模块，实现了活型造车术。 归元平台将整车解构为发动机、变速器、电 ...

中证报中证网讯（记者 龚梦泽）近日，长城汽车（601633）在浙江瑞安东源村（中国木活字印刷术活 态传承地）及河北保定技术中心同步举行活动，全球首发归元平台。该平台定位为全球首个原生AI全 动力汽车平台，以技术模块化与多场景适配为核心特点，覆盖多元能源形式与车型品类。 归元平台的核心设计理念源于活字印刷术的标准化与灵活性，通过建立底层技术标准，将各项核心技术 转化为可灵活组合的"模块单元"，实现"一套架构、多元适配"。动力层面，该平台兼容PHEV（插电式 混合动力）、HEV（混合动力）、BEV（纯电动）、FCEV（氢燃料）、ICE（高效燃油）五大动力形 式，未来还将推出柴油混动版本，其综合油耗可下降9%，市区油耗下降15%，加速能力提升40%，兼顾 越野、拖拽需求与能效优化。 智能技术方面，归元平台基于CoffeeEEA4.0电子电气架构，融合AIOS车载系统与双VLA大模型，构建 全栈智能体。平台采用"硬件原子化、软件标签化"设计，将整车拆解为300余个可复用功能单元，通过 2000余个标签实现AI动态调度，同时搭载全球首创的仿生学运动控制系统，打通底盘、智驾与动力系 统的协同链路。 安全防护上，平台以主被 ...

Investment Rating - The report maintains a "Recommended" rating for the automotive industry [1] Core Insights - The implementation of the China-Europe electric vehicle price commitment mechanism is expected to stabilize sales expectations for Chinese electric vehicles in Europe and promote the high-end and localized transformation of automakers [5][13] - Multiple provinces have opened applications for the 2026 automotive replacement subsidy, indicating a clear path for local governments to implement the policy [14] - Great Wall Motors has launched the "Guiyuan" platform, which is the world's first native AI all-power platform, designed to support various power forms and enhance development efficiency [6][14] - The report expresses a positive outlook for 2026, highlighting opportunities in the high-end upgrade of domestic brands and the acceleration of smart technology penetration [15][16] Summary by Sections Recent Performance - The automotive sector outperformed the Shanghai Composite Index with a 1-week increase of 0.5% from January 12 to January 16, 2026, while the Shanghai Composite Index decreased by 0.4% [17] - The performance of individual stocks varied, with notable increases in companies like Ideal Auto (+2.4%) and declines in others like Li Auto (-3.5%) [17][23] Key Companies and Earnings Forecast - Key companies recommended include: - Jianghuai Automobile - Leap Motor - Great Wall Motors - BYD - SAIC Motor - China National Heavy Duty Truck [7][8] - Earnings per share (EPS) forecasts for selected companies show growth, with Great Wall Motors expected to reach an EPS of 2.03 in 2026 [8] Industry Indicators - In December 2025, automotive production and sales reached 3.296 million and 3.272 million units, respectively, with a year-on-year decrease of 2.1% and 6.2% [42] - New energy vehicles accounted for approximately 52% of total new vehicle sales, indicating a significant market shift towards electrification [42]