Core Viewpoint - Over the past decade, China's intelligent driving industry has transitioned from a closed chain to an inclusive ecosystem, driven by technological advancements and collaborative efforts among local companies [1][36]. Group 1: Industry Evolution - In 2011, Tesla's CEO Elon Musk dismissed BYD as a competitor, highlighting the significant gap in technology and product appeal between Chinese automakers and Tesla at that time [2][3]. - By 2024, Chinese automakers like BYD and Geely have surpassed Tesla in sales, becoming part of the top ten global car manufacturers, showcasing the rapid evolution of the industry [4]. - The core of Tesla's sustained optimism lies in its self-developed chips and intelligent driving capabilities, which have spurred a wave of research and development in China's intelligent driving sector [4]. Group 2: Key Players and Partnerships - The critical turning point for China's intelligent driving industry occurred between 2019 and 2020, marked by the emergence of companies like Horizon Robotics and Momenta, which began to establish themselves in the market [6]. - The collaboration between Changan Automobile and Horizon Robotics exemplifies how local companies are building flexible and open supply chain systems, enhancing their control over core technologies [10][12]. - The partnership between Li Auto and Horizon Robotics allowed for rapid development and deployment of advanced driving features, demonstrating the importance of open collaboration in overcoming technological challenges [13][17]. Group 3: Technological Advancements - The shift from Mobileye's closed delivery model to more open and collaborative approaches has catalyzed the development of local intelligent driving technologies, enabling companies to gain autonomy over their systems [9][18]. - Horizon Robotics' introduction of the Journey 5 chip, which offers high performance and supports advanced driving needs, has positioned the company to compete in the high-end intelligent driving market [23][24]. - The "HSD Together" model proposed by Horizon Robotics aims to enhance collaboration across the supply chain, significantly reducing development costs and time to market for automotive companies [27][28]. Group 4: Market Accessibility and Inclusivity - The evolution of intelligent driving technology is making advanced features more accessible to a broader range of consumers, breaking down price barriers that previously limited adoption to high-end vehicles [30][31]. - BYD's upcoming "Heavenly Eye" system, powered by Horizon Robotics' Journey 6 chip, aims to provide advanced driving capabilities across its entire model range, including lower-priced vehicles [30]. - The introduction of Horizon Robotics' HSD full-scene driving assistance system is set to make high-level intelligent driving features available in mid-range vehicles, promoting inclusivity in the market [31][33].

Core Viewpoint - The article discusses the recent agreement between Deutsche Bahn and BYD for the purchase of 200 electric buses, highlighting the shift towards electric transportation in Germany and the challenges faced by foreign investments in the country [3][4]. Group 1: Electric Bus Agreement - Deutsche Bahn signed a framework agreement with BYD for 200 electric buses to be produced in Hungary, emphasizing cost-effectiveness and the push for green public transport in Germany [3]. - The agreement coincides with the EU's relaxation of the "fuel vehicle ban," indicating a significant trend towards electrification in transportation [3]. Group 2: Economic Performance and Foreign Investment - Germany's economic growth has stagnated, with a projected growth of only 0.1% for 2025, down from previous forecasts [4]. - Despite the economic downturn, foreign investment interest in Germany remains, driven by the need for supply chain integration and access to the EU market [4]. Group 3: Tax Reforms and Investment Climate - Germany plans to gradually reduce the corporate tax rate from 15% to 10% by 2032, alongside other tax incentives to attract foreign investment [5]. - In the first three quarters of this year, bilateral trade between Germany and China reached €185.9 billion, with China remaining Germany's largest trading partner [5]. Group 4: Changing Investment Strategies - Chinese companies are increasingly favoring greenfield investments over mergers and acquisitions, reflecting a more strategic approach to entering the German market [6]. - Key sectors of interest for Chinese investments in Germany include digitalization, energy, and electric vehicles, with a focus on local sales rather than manufacturing [6]. Group 5: Challenges for Chinese Investments - Chinese companies face significant challenges in Germany, including foreign investment scrutiny, subsidy reviews, and data protection regulations [7]. - The German government has tightened regulations on foreign investments, particularly in sensitive sectors, which may lead to longer approval times for investments [7]. Group 6: Importance of the Chinese Market for German Companies - German companies are increasingly recognizing the importance of the Chinese market, with many relocating R&D centers to China to better align with local demands [8]. - The trend of "Eastward migration" among German firms highlights their commitment to maintaining a strong presence in China, as they believe leaving the market would result in lost opportunities [8].

Core Insights - The passenger car sector experienced a slight decline of 0.07% on December 25, with Haima Automobile leading the drop [1] - The Shanghai Composite Index closed at 3959.62, up 0.47%, while the Shenzhen Component Index closed at 13531.41, up 0.33% [1] Market Performance - Great Wall Motors closed at 22.17, with an increase of 0.68%, trading volume of 91,400 shares, and a transaction value of 201 million yuan [1] - BYD closed at 94.84, up 0.44%, with a trading volume of 182,200 shares and a transaction value of 1.726 billion yuan [1] - SAIC Motor remained unchanged at 15.44, with a trading volume of 260,900 shares and a transaction value of 403 million yuan [1] - Changan Automobile closed at 11.90, down 0.25%, with a trading volume of 506,300 shares and a transaction value of 602 million yuan [1] - Seres closed at 119.11, down 0.49%, with a trading volume of 109,300 shares and a transaction value of 1.302 billion yuan [1] - GAC Group closed at 8.12, down 1.10%, with a trading volume of 360,400 shares and a transaction value of 294 million yuan [1] - BAIC Blue Valley closed at 8.01, down 2.08%, with a trading volume of 1,419,700 shares and a transaction value of 1.14 billion yuan [1] - Haima Automobile closed at 8.70, down 3.12%, with a trading volume of 2,031,900 shares and a transaction value of 1.781 billion yuan [1] Capital Flow - The passenger car sector saw a net outflow of 536 million yuan from institutional investors, while retail investors had a net inflow of 484 million yuan [1] - BYD had a net inflow of 171 million yuan from institutional investors, but a net outflow of 117 million yuan from retail investors [2] - Great Wall Motors experienced a net inflow of 22.71 million yuan from institutional investors, with a net outflow from retail investors [2] - GAC Group had a significant net outflow of 63.71 million yuan from institutional investors, while retail investors contributed a net inflow of 39.88 million yuan [2] - Changan Automobile faced a net outflow of 83.01 million yuan from institutional investors, with retail investors showing a net inflow of 75.99 million yuan [2] - BAIC Blue Valley had a net outflow of 126 million yuan from institutional investors, while retail investors contributed a net inflow of 81.98 million yuan [2] - Haima Automobile saw a net outflow of 186 million yuan from institutional investors, with retail investors showing a net inflow of 16.8 million yuan [2] - Seres experienced a net outflow of 27.37 million yuan from institutional investors, while retail investors had a net inflow of 18.41 million yuan [2]

Core Insights - The domestic lithium iron phosphate (LFP) battery installation volume is projected to reach approximately 490 GWh from January to November 2025, representing a year-on-year growth of 55% and a market share of 78.5%, an increase of 10 percentage points compared to the same period last year [1][5]. Group 1: Market Trends - The significant increase in the market share of LFP batteries is primarily driven by market demand rather than policy incentives, contrasting with 2014 when policy was the main driver [3]. - The proportion of new vehicles equipped with LFP batteries has remained between 90% and 96% this year, with a notable increase from 92% to 94.5% in the second half of the year, indicating a growing preference among manufacturers for LFP technology [5]. Group 2: Product Offerings - The number of new energy passenger car models equipped with LFP batteries has risen from 213 to 536 over the past three years, with popular models like Geely Xingyuan, Xiaomi SU7, and XPeng MONA M03 accelerating production and delivery, further boosting the market share of LFP batteries [8]. Group 3: Competitive Landscape - The top 10 companies in the domestic LFP battery installation market accounted for 95.3% of the total volume from January to November 2025, with companies like CATL, EVE Energy, and Xinwangda showing steady growth over the past three years [10]. - CATL's market share is projected to increase from 34.42% in 2023 to 36.79% in 2025, while BYD's share is expected to decline from 43.49% to 29.19% during the same period [11].

每经AI快讯，12月25日，比亚迪法务部发布消息称，近期，就比亚迪起诉"龙哥讲电车""满格电新能源"等账号一案，公司收到法院一审判决，法院认定被 告使用前述账号编造、传播有关比亚迪公司的虚假信息，损害比亚迪品牌声誉，判令被告停止侵权、消除影响，并向比亚迪公司赔偿200万元。 ...

点 击 蓝 字 关 注 我 们 本文全文共 4066 字，阅读全文约需 13 分钟 目录 国内新闻 3.湖南电动汽车年出口额破百亿元 4.广州前11个月新能源车累计产量增长22.6% 1.国家发改委:培育邮轮游艇、汽车营地等体验经济 2.无锡市追加1亿元购车补贴:不限购车人户籍 1.韩国将乘用车消费税减免政策再延长6个月 2.福特将推迟在欧洲推出全新电动平台 5.深蓝汽车首批L3级自动驾驶车辆将于明日正式上牌及上路 6.火山引擎:与比亚迪在智能座舱领域达成深度合作 7.理想超充站累计上线数突破3700座 超充桩达20505根 8.宁德时代与思源电气签署储能合作备忘录 国外新闻 3.VinFast印尼纯电动汽车新工厂落成 4.博世联合英伟达、微软在CES 2026发布AI驾驶舱平台 商用车 1. 我国超25万辆老旧货车淘汰 2. 汉马科技"醇氢+电动"方案亮相江苏物流大会 3. 速豹eTOPAS600首批下线并通过德国标准单车认证 4. 比亚迪与德国联邦铁路签电动大巴框架协议 国内新闻 1 国家发改委:培育邮轮游艇、汽车营地等体验经济 时间:2025.12.25 来源:财联社 12月25日电，国家发展改革委基础 ...

近日，比亚迪集团品牌及公关处总经理李云飞接受了21世纪经济报道的独家专访，再度回应黑公关、黑 水军问题。 21世纪经济报道：汽车行业黑公关事件频出，比亚迪也是受害者，您和团队是如何应对呢？ 李云飞：是，我很认同。我包括我们的管理人员，我们的团队，我们总结下来的话，做好自己的技术， 做好自己的产品，做好自己的品牌。我觉得就长期主义，与公道自在人心。 我觉得大的环境的话还是很多时候是带节奏的。各个平台你去看，但凡诋毁你的，侮辱你的，不时带节 奏的，随随便便动辄转发在上万、几万甚至几十万。那我想问一下这些号，这个流量是谁推的？那如果 说这个是发布信息是他自己推的，我能理解。那如果是别人推的，目的何在？用意何在？我觉得这个是 有问题的。 我后来在网上也讲，我说其实我们比亚迪也是，我们才是树大招风，我们的量很大，我们才是这个行业 黑公关黑水中的最大的受害者，没有之一，这是事实。因为我们每天我们同事，我们自己都看得到，有 很多特别无厘头。 我们在前年、去年，针对好几起案子发起诉讼，因为法务的这个流程非常漫长，举证需要一审、二审， 但目前都取得了阶段性成果。 李云飞：对，因为过去几年，整个中国汽车行业竞争非常激烈。有时候有 ...

近日，比亚迪（002594）集团品牌及公关处总经理李云飞接受了21世纪经济报道的独家专访，再度回应 黑公关、黑水军问题。 21世纪经济报道：汽车行业黑公关事件频出，比亚迪也是受害者，您和团队是如何应对呢？ 李云飞：对，因为过去几年，整个中国汽车行业竞争非常激烈。有时候有各种黑公关、黑数据。那作为 品牌公关的负责人，我和我们的团队一样的有时候很愤慨。 换位思考一下，很多媒体都很清楚，我们比亚迪从来不拉踩别人，但是很多同行做了很多特别针对别人 一个事情，最终体现在了比如说黑公关的数据。 王（传福）总上个礼拜五（12月5日）称，比亚迪现在是龙头企业，我们要受得了委屈，别人可以欺负 我们，我们就忍着呗。 我们有一个基本纲要，里面也明确地讲，我们讲好自己的事情就行，就不主动拉踩别人是我们的底线， 也是我们的红线。我们是这么要求，也是这么想这么干的。 21世纪经济报道：有个观点叫做强势群体在舆论场中会沦为弱势表达，你也是认同的。 李云飞：是，我很认同。我包括我们的管理人员，我们的团队，我们总结下来的话，做好自己的技术， 做好自己的产品，做好自己的品牌。我觉得就长期主义，与公道自在人心。 我觉得大的环境的话还是很多时候是带 ...

这是继2024年底比亚迪起诉自媒体"龙猪-集车"获赔201.87万元后，又一起高额赔偿的维权案例，CCTV法治在线曾公开进行过报道。据悉，"龙哥讲电 车"是某短视频平台的一个账号，其运营主体为北京满格电汽修负责人"龙哥"。该账号主要分享新能源汽车维修案例，曾拥有百万粉丝。除了比亚迪，"龙 哥讲电车"在其视频中曾透露，自己还被另外两家新能源车企起诉，三家车企要求的赔偿金额合计达到700万元。 据比亚迪法务部官微发布，近期，就比亚迪起诉"龙哥讲电车"、"满格电新能源"等账号一案，法院进行一审判决，认定上述账号编造、传播有关比亚迪公 司的虚假信息，损害比亚迪品牌声誉，判令其停止侵权、消除影响，并向比亚迪公司赔偿200万元。比亚迪集团品牌及公关处总经理李云飞转发该微博并 表示："比亚迪到了现在的位置和体量，如果有媒体就客观事实进行报道批评，都没问题!有些媒体不了解情况，有些误解性的发布，我们也能接受!但对 于黑公关、黑媒体，为了黑而黑，长期针对比亚迪，诋毁比亚迪，我们绝不容忍!" 值得一提的是，针对网络"黑公关"、"黑嘴"，监管部门也重拳出击。此前中央网信办在汽车行业网络乱象专项整治行动中，已依法关停"王悟空说车"9 ...

重要资讯 1、中共中央政治局召开会议，研究部署党风廉政建设和反腐败工作。 2、国家税务总局表 示，将持续落实落细支持科技创新的税费优惠政策。 3、市场监管总局发布4项资产管理国家标准，聚 焦资产管理数字化转型、文化数字资产等内容。 4、我国首部气候资源经济蓝皮书发布，指出气候资源 经济转化对保障粮食安全、促进产业升级等具有深远意义。 5、上海印发《关于支持 长三角G60科创走 廊策源地建设的若干措施》，推动科技创新和产业创新深度融合。 公司资讯 1、上海微电子中标一台步 进扫描式 光刻机，金额约1.1亿元。 2、 比亚迪车辆避撞专利公布，可提高避撞成功率。 3、 视源股份 向香港联交所更新递交了本次发行并上市的申请。 4、 纽泰格与卫蓝 新能源签署战略合作协议，推动 固态电池在 机器人行业规模化应用。 5、 天安新材成立资本管理公司，含AI及机器人业务。 6、 江山 欧派投资成立机器人科技公司。 7、 以岭药业在黑龙江成立 中药材公司。 备注：本文由AI根据市场公 开信息及公司公告等资料整理生成，不构成投资建议。 ...