Core Viewpoint - Changan Automobile is initiating a significant share buyback plan shortly after receiving approval for a private placement, aiming to enhance its capital structure and shareholder value through a total buyback fund of no less than 1 billion yuan and no more than 2 billion yuan [1][3]. Group 1: Share Buyback and Capital Structure - Changan Automobile plans to repurchase shares for a total fund of between 1 billion yuan and 2 billion yuan, marking its first simultaneous buyback of A and B shares [1][3]. - This buyback is the first market-based repurchase in 14 years, with the last being a B-share buyback in 2012 [3]. - The buyback will utilize the company's own funds, with a cash balance of 55.241 billion yuan, making the maximum buyback amount only about 3.6% of its cash reserves [3]. Group 2: Sales Performance and Future Targets - In January 2026, Changan's sales were reported at 134,700 units, a year-on-year decrease of 51.14%, while the company aims for an annual sales target of 3.3 million units for 2026, representing a 13.3% increase [2][6]. - Changan's sales have shown consistent growth over the past six years, with 2025 sales reaching 2.913 million units, a year-on-year increase of 8.54%, and nearly 1.11 million units of that being electric vehicles, up 51.1% [5][6]. - The company has set ambitious targets for 2026, including 1.4 million units of electric vehicle sales, a 26.2% increase, and 750,000 units in overseas sales, a 17.7% increase [6].

会上，北京汽车研究总院有限公司、重庆长安汽车股份有限公司发布了"多域融合的智能底盘控制技 术""下一代高集成高性能车用增程器系统"及"基于多模态交互技术的智能座舱""基于多模态健康感知大 模型的智能健康座舱"四项场景需求。北京轻凌电动有限公司、爱动超越人工智能科技（北京）有限责 任公司等多家企业现场路演发布五项科技新场景能力项目。 （来源：劳动午报） 活动聚焦智能网联汽车领域新技术与应用场景的精准对接，通过"科技新场景需求项目""科技新场景能 力项目"和"科技新场景示范项目"三大板块，为供需双方提供了"面对面"的交流平台，有效促进了创新 链与产业链的深度融合，让场景真正成为驱动产业发展的核心引擎。 转自：劳动午报 本报讯 （记者 王路曼） 近日，"向新而行"场景赋能新质生产力系列活动——智能网联新能源汽车领域 场景发布及供需对接会在顺义区环普国际科创园举办。"汽车座舱材料关键技术创新项目""数字孪生与 智能体仿真技术平台项目"两项合作项目签约落地，标志着产业链与创新链深度融合步入新阶段。 本次活动由北京市科学技术委员会、中关村科技园区管理委员会、北京市顺义区人民政府联合主办，旨 在为支持关键核心技术、底层技术 ...

2月5日，重庆长安汽车（000625）股份有限公司(以下简称"长安汽车")携手宁德时代（300750）新能源 科技股份有限公司(以下简称"宁德时代")在牙克石举办了"长安汽车天枢智能新安全成果发布暨钠电战略 全球发布会"。长安汽车正式发布全球钠电战略，全球首款钠电量产乘用车也正式亮相。同时，长安汽 车旗下阿维塔、深蓝、启源、引力等多个品牌，未来都将搭载宁德时代钠新电池。 张孝荣表示，锂钠协同发展是更契合新能源产业发展的现实路径。"锂电池主攻高端长续航，钠电池聚 焦中短途与极端环境，二者互补可增强产业链韧性、降低资源风险，并加速换电与下沉市场电动化的落 地。" 作为一家全面拥抱钠电池的头部车企，长安汽车有着40余年的深厚造车底蕴。2025年长安汽车新能源销 量超110万辆。从高端品牌到国民品牌，从乘用车到商用车，长安汽车的多品牌矩阵，未来有望为钠电 池的规模化应用提供百万级的市场基础。 长安汽车相关负责人对《证券日报》记者表示："随着双方战略合作的深化，公司将在多个品牌新车型 上率先搭载宁德时代的钠电池，旨在成为首个全面应用钠电的头部车企，通过科技平权让用户共享新能 源时代红利。" 新能源产业本轮电动化由锂电池 ...

长安汽车相关负责人对《证券日报》记者表示："随着双方战略合作的深化，公司将在多个品牌新车型 上率先搭载宁德时代的钠电池，旨在成为首个全面应用钠电的头部车企，通过科技平权让用户共享新能 源时代红利。" 新能源产业本轮电动化由锂电池主导，但随着钠电池技术突破，业内人士认为，钠电池凭借独特的资源 优势和快速的技术突破，与锂电池形成"锂钠互补"的新生态，共同构建多元化能源供给新格局，为新能 源产业可持续发展开辟了全新路径。 目前，全球首款钠电量产乘用车已在牙克石通过冬季标定，其续航、低温性、安全性、放电性能等均已 满足使用需求。 2月5日，重庆长安汽车股份有限公司（以下简称"长安汽车"）携手宁德时代新能源科技股份有限公司 （以下简称"宁德时代"）在牙克石举办了"长安汽车天枢智能新安全成果发布暨钠电战略全球发布会"。 长安汽车正式发布全球钠电战略，全球首款钠电量产乘用车也正式亮相。同时，长安汽车旗下阿维塔、 深蓝、启源、引力等多个品牌，未来都将搭载宁德时代钠新电池。 钠电池作为新型电池，是锂电池的重要补充。深度科技研究院院长张孝荣对《证券日报》记者表 示："首款钠电池量产'上车'，标志着电动车突破高寒使用瓶颈，新能源产 ...

Core Viewpoint - The article highlights the launch of the world's first sodium battery mass-produced passenger vehicle by Changan Automobile, expected to be available in mid-2026, marking a significant milestone in the sodium battery market for passenger cars [1][3]. Group 1: Sodium Battery Development - 2026 is identified as the year for large-scale application of sodium batteries in the passenger vehicle market, with Changan Automobile being the first major automaker to fully embrace sodium batteries [3]. - Changan's brands, including Avita, Deep Blue, Qiyuan, and Gravity, will utilize CATL's sodium battery technology, which is branded as "Sodium New" [3]. - CATL plans to apply sodium batteries across various sectors, including passenger vehicles, commercial vehicles, and energy storage, establishing a dual development trend of "sodium-lithium" [3]. Group 2: Technical Advantages of Sodium Batteries - Sodium batteries are not a downgraded alternative to lithium batteries; they offer superior low-temperature performance and safety features, addressing concerns of some users regarding electric vehicles [3]. - For instance, the sodium battery-equipped vehicle can maintain a discharge power nearly three times higher than conventional lithium iron phosphate models at -30°C, with over 90% capacity retention at -40°C [4]. - The sodium battery's energy density reaches 175 Wh/kg, which is among the highest in the industry, and it is expected that the pure electric range could increase to 500 km or even 600 km in the future [6]. Group 3: Market Potential and Growth - The sodium battery industry is entering a rapid development phase, with global shipments projected to reach 9 GWh by 2025, a 150% increase year-on-year [6]. - By 2030, the global market for sodium batteries in energy storage is expected to reach 580 GWh, while the automotive sector's market size will exceed 410 GWh [6]. - The average price of sodium cells is anticipated to decrease from approximately 0.52 yuan/Wh in 2025 to 0.25 yuan/Wh by 2030, indicating a trend towards cost-effectiveness [6]. Group 4: Strategic Partnerships and Infrastructure - CATL's sodium battery technology is designed to be adaptable across multiple brands, enhancing flexibility and performance for Changan's upcoming sodium battery models [7]. - Since starting research on sodium batteries in 2016, CATL has invested nearly 10 billion yuan and tested around 300,000 battery cells by 2025 [7]. - CATL plans to establish over 3,000 chocolate battery swap stations across more than 140 cities in China by 2026, facilitating quick energy replenishment for users [7].

Core Viewpoint - The launch of the world's first sodium-ion battery passenger vehicle by Changan Automobile, utilizing CATL's sodium-ion battery technology, marks a significant advancement in the electric vehicle industry, particularly in extreme weather performance and sustainability [1][4]. Group 1: Product Launch and Technology - Changan Automobile held a global launch event for its sodium-ion battery strategy, unveiling the world's first mass-produced sodium-ion passenger vehicle [1]. - The sodium-ion battery can operate stably at extreme low temperatures, maintaining discharge capabilities even at -50°C [1]. - The vehicle demonstrated a nearly threefold increase in discharge power compared to conventional lithium iron phosphate models at -30°C, with over 90% capacity retention at -40°C [1]. Group 2: Market Implications and Future Prospects - The sodium-ion battery technology is expected to create a new ecosystem for China's electric vehicle industry, providing enhanced resilience and broader operational temperature ranges [1]. - Analysts note that while lithium-ion batteries currently benefit from better economies of scale, sodium-ion batteries offer improved stability in cold weather and higher safety due to lower flammability [4]. - The global shipment of sodium batteries is projected to reach 9 GWh by 2025, representing a 150% year-on-year growth, indicating a rapid acceleration in commercialization [5]. Group 3: Material Availability and Cost Dynamics - Sodium-ion batteries utilize sodium carbonate, which is more readily available than lithium carbonate, a key material for lithium-ion batteries [4]. - The price of lithium carbonate has experienced significant fluctuations, with prices nearing 600,000 yuan per ton at the end of 2022 and expected to drop below 100,000 yuan by 2025 [4].

Core Viewpoint - Changan Automobile has officially launched its global sodium battery strategy and unveiled the world's first mass-produced sodium battery passenger vehicle in Yakeshi, in collaboration with CATL [1]. Group 1: Sodium Battery Technology - CATL's sodium battery cells have a maximum energy density of 175 Wh/kg, enabling pure electric range upgrades to 500 km or even 600 km, and hybrid range breakthroughs of 300 km to 400 km [3]. - In extreme cold conditions of -30℃, the vehicle equipped with CATL's sodium battery shows a discharge power nearly three times higher than conventional lithium iron phosphate models, and maintains over 90% capacity at -40℃, with stable discharge even at -50℃ [3]. Group 2: Strategic Collaboration - CATL's support for Changan's global sodium battery strategy extends beyond core technology to encompass full ecosystem and lifecycle support, allowing for deep adaptability across multiple brands while balancing flexibility and performance upgrades [3]. - Changan aims to rapidly launch multiple sodium battery models by 2026, leveraging CATL's sodium battery technology [3].

2026年，宁德时代将在全国落成超3000座巧克力换电站，布局超140城；在京津冀黑吉辽等8省(市)32城内累计布局完成600+站。 北京商报讯(记者刘晓梦)2月5日，长安发布全球钠电战略，全球首款钠电量产乘用车正式亮相。同时，长安汽车旗下阿维塔、深蓝、启源、引力等多品牌， 未来都将搭载宁德时代（300750）钠新电池。目前，全球首款钠电量产乘用车已在牙克石通过冬季标定，其续航、低温性、安全性、放电性能等均已完全满 足消费者使用需求。 数据显示，宁德时代钠电池搭配其第三代CTP系统成组技术，纯电续航达400公里以上，再通过宁德时代BMS智能管理策略的精准控制，可以实现"表显即所 得"，而电芯的最高能量密度达175Wh/kg。搭载宁德时代钠新电池量产车型，在-30℃条件下，整车放电功率比同电量常规铁锂车型提升近3倍，-40℃极寒下 容量保持率超90%，在-50℃的极端环境下还能稳定放电。 ...

2026年开年，一场电池领域的变革悄然而至。 2月5日，长安汽车联手宁德时代抛出的钠电战略，"全球首款钠电量产乘用车"将在今年年中推向市场。 宁德时代作为长安钠电战略的"唯一合作伙伴"，这种深度绑定不仅意味着两家行业巨头在2026年市场拐 点处的战略合围，更标志着钠电池正式结束了长达十年的实验室孵化，以主流乘用车主力军的姿态直插 市场深水区。 而这，不过是钠电革命的开端。华尔街见闻也了解到，宁德时代希望钠电池能够与磷酸铁锂电池"平起 平坐"。 某种意义上来说，这意味着长安汽车这家去年新能源销量已突破110万辆的"新央企"，在2026年市场拐 点处的战略决断。 中国长安汽车集团党委副书记谭本宏在谈及双方结盟时明确表示，"长安正在加速让钠电从试验走向市 场，从展台走向车道。在不久的未来，长安将在多个品牌持续推出搭载钠电池的具有高安全颠覆性的全 新车型。"这种表态直接锁定了未来数年内长安在电池选型上的重点偏移。 华尔街见闻了解到，与其他车企小规模的示范运行不同，长安全面拥抱钠电的动作是全家族式布局，旗 下阿维塔、深蓝、启源、引力等多品牌未来都将搭载宁德时代"钠新"电池。此外，全球首款钠电量产乘 用车会在2026年年 ...

Domestic News - Guangdong is expanding the testing and demonstration application range for intelligent connected vehicles, promoting digital consumption and smart logistics networks [7] - Beijing has achieved full coverage of supercharging stations in highway service areas, with 530 charging piles and a maximum charging power of 600kW, allowing for a quick 15-minute charge [8] - Changan Automobile is collaborating with CATL to introduce sodium-ion batteries, with plans to launch multiple models by 2026, achieving a range of over 400 kilometers for pure electric vehicles [9] - Two major state-owned enterprises are integrating their automotive testing businesses to create the world's largest automotive testing institution, enhancing technical service capabilities [10] - FAW Bestune has partnered with Unity China to produce the first mass-produced 3D intelligent cockpit vehicle, enhancing user interaction and safety [11] - Ledo Automotive has exceeded its battery doubling plan, adding 8,295 new battery packs to its network, improving user experience during peak travel seasons [12] - Zhiji Automobile has launched its models in the UAE and Tunisia, marking a significant step in its global expansion strategy for 2026 [13] - Qianli Technology has submitted an application for an L3-level intelligent driving test license, indicating its readiness for advanced autonomous driving technology [14] Foreign News - Canada is abolishing mandatory electric vehicle sales quotas and reintroducing consumer subsidies of up to CAD 5,000, while welcoming Chinese companies to set up factories [16] - The German Automotive Industry Association predicts a total production of 4.1 million vehicles in 2026, a 1% decrease year-on-year, with a 6% growth in electric vehicles [17] - The Malaysian government is offering subsidies for replacing old vehicles over 20 years old, in collaboration with Proton, with incentives up to 4,000 ringgit [18] - Porsche has started mass production of the Cayenne Electric in Slovakia, featuring dual motors and a maximum output of 850 kW, with rapid charging capabilities [19][20] Commercial Vehicles - DeepWay has launched its pure electric heavy truck in Bangkok, marking a significant milestone in its Southeast Asia strategy [21] - The Yellow Stone City has implemented regulations for the commercial application of ground unmanned technology, ensuring safety and market order [22] - Shenzhen has reported a 185.5% year-on-year increase in operational functional unmanned vehicles, with a total of 1,122 units by the end of 2025 [23] - Shandong Province has issued a plan to strengthen the commercial vehicle sector, aiming for a production target of around 200,000 new energy commercial vehicles in 2026 [25]