业内普遍认为，10万辆年销量是车企分摊研发成本、维持产能利用率及经销商网络稳定的关键临界点， 跌破该红线意味着企业运营将全面承压。 这是继2019年跌破20万辆后，长安福特销量再度深度探底。如今跌破10万辆红线，意味着其产品市场地 位已大幅被边缘化。 回顾其发展轨迹，长安福特成立于2001年，2016年曾创下95.7万辆的销量巅峰，距百万规模仅一步之 遥。但此后便开启漫长下滑之路，2019年销量首次跌破20万辆，2021年短暂回升至30.47万辆后，2022 年和2023年再度持续下滑。 1月21日，据第一财经，乘联会数据显示，长安福特2025年在华批发销量12.15万辆，零售销量仅9.94万 辆，较2024年24.7万辆的销量腰斩。由于批发销量存在向经销商库存等因素，零售数据更能体现终端市 场的真实情况，这也意味着长安福特首次跌破10万辆年度生存红线。 另外，在燃油车方面，为追求单车利润，长安福特前两年砍掉了福克斯等走量车型，导致10万元价位区 间出现产品空白。当其他合资品牌纷纷"以价换量"参与市场竞争时，长安福特坚守价格，结果市场份额 被持续挤压。 长安汽车公布的2025年前五个月数据来看，长安福特连续五 ...

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 ...

Core Insights - The overall vehicle sales for 20 A and H-share listed automotive manufacturers in December 2025 totaled 2.2255 million units, representing a year-on-year decline of 7.64% and a month-on-month decrease of 6.77% [10][11] - In December 2025, 16 companies reported sales of approximately 1.2532 million new energy vehicles (NEVs), marking a year-on-year increase of 1.99% and a penetration rate of about 58% [10][11] Group 1: Overall Vehicle Sales - The total vehicle sales for the 20 listed companies in December 2025 were 2.2255 million units, down 7.64% year-on-year and down 6.77% month-on-month [10][11] - For the entire year of 2025, these companies sold over 23.5 million vehicles, reflecting a year-on-year growth of 8.86% [11] - Companies such as Jianghuai Automobile, Seres, and Jiangling Automobile saw an acceleration in sales growth in December compared to November, while companies like Shuguang and Zhongtong Bus experienced a slowdown [10][11] Group 2: New Energy Vehicle Sales - In December 2025, the total sales of NEVs reached approximately 1.2532 million units, with a year-on-year increase of 1.99% and a month-on-month decrease of 8.93% [5][15] - The NEV penetration rate for December was about 57.96%, a decrease of 0.85 percentage points from November [15] - BYD, SAIC Group, and Geely were the top three companies in NEV sales for December, with significant growth observed in companies like BAIC Blue Valley and Jianghuai Automobile, which reported growth rates exceeding 70% [7][17] Group 3: Company-Specific Performance - BYD led the sales in December with 420,398 units sold, although this represented an 18.34% decline year-on-year [4][14] - SAIC Group and Changan Automobile followed with sales of 399,449 units and 254,843 units, respectively, with Changan showing a slight year-on-year increase of 1.66% [4][14] - Geely's December sales increased by 12.74% year-on-year, totaling 236,817 units, while GAC Group experienced a significant decline of 33.82% in sales [4][15]

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]

（编辑 王雪儿） 证券日报网1月20日讯 ，博俊科技在接受调研者提问时表示，目前，公司为零跑供货的量产车型有零跑 B01、零跑LAFA5、零跑B10、零跑C11；为长安供货的量产车型有深蓝S7、深蓝SL03、深蓝S05、深蓝 L05、深蓝G318、阿维塔12、长安启源A06、长安启源全新Q05、长安CS75PLUS等。 ...

据招股书，公司是一家行业领先的汽车电子智能化解决方案提供商，主要从事车身域、智能座舱域、动 力域以及智能驾驶域等汽车电子产品的研发、生产及销售，同时为客户提供汽车电子EMS和技术开发 服务。经过多年发展，公司已形成从产品设计、检测验证到量产交付的完整业务体系，并积累了丰富的 汽车电子产品开发和产业化经验。 智通财经APP获悉，1月20日，芜湖埃泰克汽车电子股份有限公司(简称：埃泰克)通过上交所主板上市委 会议。IPO的保荐人为华泰联合证券，拟募资15亿元。 | 财务方面，于2022年度、2023年度及2024年度及2025年1-6月，公司实现营业收入分别约为人民币21.74 | | --- | | 亿元、30.03亿元、34.67亿元、15.22亿元;同期，公司净利润分别约为人民币9409.62万元、1.94亿元、 | | 2.12亿元、9247.03万元。 | | 项目 | 2025.6.30/ | 2024.12.31/ | 2023.12.31/ | 2022.12.31/ | | --- | --- | --- | --- | --- | | | 2025年1-6月 | 2024 年度 | 2023 ...

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。 国家知识产权局信息显示，长安汽车金融有限公司取得一项名为"一种群体识别方法、装置、设备及计 算机可读存储介质"的专利，授权公告号CN120951062B，申请日期为2025年10月。 天眼查资料显示，长安汽车金融有限公司，成立于2012年，位于重庆市，是一家以从事货币金融服务为 主的企业。企业注册资本476843.1002万人民币。通过天眼查大数据分析，长安汽车金融有限公司参与 招投标项目1664次，财产线索方面有商标信息76条，专利信息62条，此外企业还拥有行政许可29个。 财经频道更多独家策划、专家专栏，免费查阅>> ...

Group 1 - The company, Hexing Co., Ltd. (605005), has established a good cooperative relationship with Changan Automobile as an automotive electronic component supplier [1] - The company does not have specific information regarding the application of its products in particular vehicle models [1] - The company will fulfill its disclosure obligations in accordance with the law if future cooperation meets the information disclosure standards [1]

Core Insights - The competition for the title of "Automobile Capital" in China is intensifying, with Chongqing projected to produce 2.788 million vehicles in 2025, marking a 9.7% increase and solidifying its position as the top city in vehicle production [1] - Chongqing's automotive industry is experiencing a resurgence after a decade, with significant growth in new energy vehicles (NEVs), expected to reach 1.296 million units, a 36% increase [1] - The issuance of China's first L3-level autonomous driving license to Changan Automobile signifies a historic milestone in the large-scale application of intelligent driving technology, positioning Chongqing as a leader in this field [1] Industry Overview - The automotive industry in Chongqing aims to reclaim its status as a leader, having previously reached a peak production of 3.156 million vehicles in 2016 before experiencing a decline to 1.383 million in 2019 [2] - The shift in consumer preferences towards mid-to-high-end vehicles and the rise of NEVs have been pivotal in reshaping the automotive landscape [2] - Changan Automobile's strategic pivot towards electric vehicles, including the "Shangri-La" plan to cease traditional fuel vehicle production by 2025, reflects the industry's adaptation to market demands [3] Company Developments - Changan Automobile's collaboration with Huawei and CATL has led to the launch of new high-end NEV brands, contributing to a projected total vehicle sales of 2.913 million by 2025, with NEV sales expected to reach 1.11 million, a 51.1% increase [3] - Seres, another key player, has transitioned from traditional manufacturing to NEVs, achieving significant growth and profitability, with projected NEV sales of 472,300 units in 2025, a 10.63% increase [5] - The partnerships with Huawei have been crucial for both Changan and Seres, enabling them to leverage advanced technology and market positioning in the competitive NEV sector [6][9] Competitive Landscape - The automotive industry is entering a new competitive phase, with a consensus that the NEV market will see accelerated consolidation, leading to a "淘汰赛" (elimination round) among brands [10] - Chongqing's strategic initiatives, including the development of smart connected vehicles and the establishment of a comprehensive industrial ecosystem, are aimed at enhancing its competitive edge [12] - Other cities, such as Guangzhou, are also intensifying their efforts to reclaim leadership in the automotive sector, highlighting the competitive dynamics at play [13] Challenges and Opportunities - Despite its advancements, Chongqing faces challenges in AI and core technology competitiveness, ranking 14th nationally in AI industry strength, which may hinder its long-term leadership in intelligent driving [15] - The city is focusing on addressing its weaknesses in talent acquisition and technological infrastructure to maintain its position in the evolving automotive landscape [15]

Group 1 - Chongqing has regained its title as "China's Automobile Capital" after nine years, with a projected total vehicle production of 2.788 million units in 2025, representing a growth of 9.7% [2][3] - The production of new energy vehicles (NEVs) in Chongqing is expected to reach 1.296 million units, marking a significant increase of 36%, with the industrial cluster scale surpassing 800 billion yuan [2] - Historical data indicates that Chongqing held the title of "China's Automobile Capital" for three consecutive years from 2014 to 2016, but faced competition from Shenzhen, which produced 2.9353 million vehicles in 2024 [4] Group 2 - The automotive industry in Chongqing is supported by traditional brands like Changan and emerging players like Seres, which is aiming to achieve a second million-unit production target within two years [4][6] - In January 2026, the "Wenjie" model reached a milestone of 1 million units produced at the Chongqing Liangjiang New Area super factory, highlighting the growth of local manufacturing capabilities [5] - Excluding direct-controlled municipalities, Hefei is emerging as a strong competitor for the title of "Automobile Capital," with Anhui province surpassing Guangdong in total vehicle production [8]