依托第五代DM技术，2026款海豹05DM-i加推的两款新车型，成为行业首款纯电续航突破210km的A级 插混轿车，纯电里程是同级车型的两倍，可轻松覆盖一周通勤，满足用户高频次代步出行所需。配合低 至2.79L/100km的亏电油耗及满油满电2110km的综合续航里程，让用户尽享"低成本，0焦虑"的高价值 用车体验。 智能方面，新车搭载了同级鲜有的天神之眼 C - 辅助驾驶（DiPilot 100），支持高快领航、智能泊车、 拨杆变道等20余项功能，为用户带来覆盖全场景的智慧家轿新体验。秉承着"入门即高配"的理念，2026 款海豹05DM-i全系标配超100项的核心配置，涵盖智能、安全与舒适多个领域。在此基础之上，新车还 进一步配备了主驾6向电动调节、副驾4向电动调节、12.8英寸DiLink大屏、全景影像、TPMS直接式胎 压监测系统、48kW直流快充、双温区空调等越级舒享配置，全面提升驾乘品质感。 海豹06DM-i超享版 重新定义中型插混家轿标杆 商报记者 郭雨昕 日前，比亚迪（002594）海洋网旗下两款重磅家轿——2026款海豹05DM-i与海豹06DM-i超享版，正式 宣布分别加推两款纯电续航高达2 ...

Core Insights - In 2025, China's passenger car retail reached 23.744 million units, a year-on-year increase of 3.8%, with new energy vehicles (NEVs) surpassing 57% penetration rate, marking a significant shift in market dynamics [1] - BYD topped the global pure electric vehicle sales with 4.6024 million units, while China's total vehicle exports exceeded 7 million units, setting a new historical record [1] - The competition in the automotive market has shifted from price wars to value comparisons, with models like Geely's Xingyuan and Wuling's Hongguang MINIEV leading their respective segments [1] Industry Performance - In the 2025 sales rankings, domestic brands occupied seven out of the top ten spots, with NEVs leading significantly; Geely's Xingyuan sold 465,775 units, becoming the annual "dark horse" [2] - Wuling Hongguang MINIEV ranked second with 435,599 units sold, contributing nearly half of SAIC-GM-Wuling's NEV sales [2] - The top three models included Nissan's Sylphy, which sold 319,990 units, maintaining a strong market presence despite the rise of NEVs [2] New Entrants and Innovations - Among new entrants, Xiaomi's SU7 performed well with 258,164 units sold, but faced challenges due to safety concerns and controversies [3] - Leap Motor led the new force segment with 596,600 units sold, achieving a completion rate of 119.3%, marking it as the fastest-growing new force brand [3] Upcoming Models and Market Trends - The 2026 automotive market is set to intensify with the release of several flagship models, focusing on diverse technologies and smart features [4] - New models include Xiaomi's SU7, which is set to launch at a starting price of 229,900 yuan, and NIO's flagship SUV ES9, aimed at competing with luxury models like BMW X7 and Mercedes GLS [4] - The market is expected to shift from "incremental expansion" to "stock competition," with domestic brands pushing for high-end development and joint ventures accelerating technological transitions [5]

在消费电子领域，OPPO、vivo的海外销售占比均超60%，传音控股深耕海外市场，占比高达90%；在家 电赛道，美的集团（000333）超40%的营收来自海外，格力、TCL的空调、电视行销全球；大疆占据全 球消费级无人机约70%的市场份额；而比亚迪（002594）2025年海外销量约105万辆，同比激增145%， 在多个市场跻身新能源汽车销量前列。此外，2025年我国工业机器人出口增长48.7%，实现净出口，其 中大湾区贡献了全国约三分之一的出口量。 "广货"出海的模式也进化升级，正从过去的OEM/ODM代工与产品出口，加速向自主品牌建设与跨国直 接投资跃升。根据经合组织（OECD）数据，2025年上半年，中国首次超越美国成为全球最大的外国直 接投资来源国。其中，以绿地投资形式建立的海外生产基地成为新特征。 广东企业走在这一潮流前沿。比亚迪在泰国、匈牙利、巴西等国建立整车工厂；美的、格力、OPPO、 vivo等在海外设立生产基地；Shein则在越南、印度、土耳其等地布局供应链，实现"本地化生产、全球 化销售"。这意味着，广东正在从以往承接全球产业转移的"世界车间"，转向输出资本、技术、标准和 品牌的"跨国企业 ...

Group 1 - In 2025, China's total foreign trade import and export value reached 45.47 trillion yuan, a year-on-year increase of 3.8%, maintaining its position as the world's largest goods trading nation [1] - Guangdong province accounted for over 20% of the national total in foreign trade, showcasing its role as a stabilizing force in the sector [1] - The transformation of Guangdong's manufacturing from labor-intensive to competitive global brands is highlighted by its strong presence at the CES, with over 530 companies participating [1] Group 2 - The globalization of "Guangdong goods" reflects the province's deep integration into the global value chain, evolving from imitation to independent research and brand development [2] - Major companies like OPPO and vivo have over 60% of their sales from overseas, while DJI holds about 70% of the global consumer drone market [2] - By mid-2025, China is projected to surpass the U.S. as the largest source of foreign direct investment, with a notable shift towards establishing overseas production bases [2] Group 3 - Guangdong enterprises are leading the trend of establishing overseas factories, with companies like BYD and Midea setting up production bases in various countries [3] - The new "Guangdong goods" integrate advanced technology and sustainable practices, moving from price competition to a focus on quality, technology, and brand [3] - The rise of "Guangdong goods" indicates a significant trend where innovations and efficiencies developed in the domestic market are reshaping the global manufacturing landscape [3]

Core Insights - The Chinese automotive industry has achieved significant breakthroughs during the "14th Five-Year Plan" period, maintaining annual production and sales above 30 million units for three consecutive years, with revenue surpassing 10 trillion yuan and becoming the world's largest exporter [1][2] - By 2025, the industry is expected to reach cumulative production and sales of 34.53 million and 34.40 million vehicles, representing year-on-year growth of 10.4% and 9.4%, respectively, setting new historical records [1] - Domestic sales of traditional fuel vehicles are projected to decline by 4% to 13.43 million units in 2025, while domestic sales of new energy vehicles are expected to continue their upward trend, reaching 16.62 million units, a year-on-year increase of 29% [2] Group 1: Industry Performance - The automotive industry is projected to maintain a production and sales scale of over 30 million units for three consecutive years, with a strong resilience and vitality [1] - In 2025, domestic vehicle sales are expected to reach 27.30 million units, a year-on-year increase of 6.7% [2] - The export of automobiles is anticipated to exceed 7 million units in 2025, with a year-on-year growth of 21.1%, driven by the increasing international competitiveness of Chinese brands [2] Group 2: New Energy Vehicles - New energy vehicle production and sales are expected to exceed 16 million units in 2025, maintaining the global leadership position for 11 consecutive years [2] - The share of new energy vehicles in total vehicle sales is projected to reach 47.9% in 2025, an increase of 7 percentage points compared to 2024 [2] - The export of new energy vehicles is expected to reach 2.615 million units in 2025, marking a year-on-year increase of 100% [2] Group 3: Future Outlook - For 2026, the total automotive sales are forecasted to be 34.75 million units, a year-on-year increase of 1%, with passenger vehicle sales expected to reach 30.25 million units [4] - The growth of new energy vehicle sales is projected to be 15.2% in 2026, reaching 19 million units [4] - The automotive export volume is expected to reach 7.4 million units in 2026, reflecting a year-on-year growth of 4.3% [4]

2025年10月21日深夜，布鲁塞尔的欧盟总部大楼灯火通明。 欧盟贸易委员谢夫乔维奇拨通了中国商务部长的电话，通话持续了近两小时。 桌上摆着刚收到 的数据：中国对欧盟的稀土磁铁出口量一个月内暴涨21%，但此刻欧盟更焦虑的是另一件事——如果中国彻底切断稀土供应，欧洲的新能源汽车、风电、军 工产业可能瞬间停摆。 这场通话背后，是一场持续两年的贸易拉锯战走到临界点的信号。 欧盟不是不想硬气，而是代价付不起。 若真的对中国电动车加征100%关税，欧洲消费者得多花一倍价钱买车，通胀压力直接引爆社会矛盾。 更致命的是， 中国手握稀土王牌：全球90%的稀土精加工由中国掌控，欧洲几乎100%依赖进口。 一旦中国收紧出口，欧盟的绿色转型和高端制造业可能直接瘫痪。 2023年10月，欧盟对中国电动汽车发起反补贴调查，一年后宣布征收最高35.3%的关税。 中国立刻反制，对欧洲干邑、猪肉、乳制品展开调查。 双方剑拔 弩张，贸易战一触即发。 但2026年1月，剧情突然反转：欧盟发布《价格承诺指导文件》，允许中国车企通过"自主提价"替代关税。 简单说，欧盟不再硬 扛，而是找了个台阶下："你们卖贵点，我们面子上过得去就行"。 为什么欧盟怂 ...

Core Insights - Chinese brands are increasingly establishing a presence in global markets, with a focus on building local operations and brand recognition rather than merely exporting cheap products or making large-scale acquisitions [1][2] - The global expansion of Chinese companies is marked by a significant increase in overseas sales, with projections indicating that overseas sales for Chinese listed companies will reach 15 trillion RMB in 2024, up from 11.6 trillion RMB in 2021 [2] - The shift in Chinese companies' strategies is driven by rising domestic labor costs and geopolitical tensions, prompting a move towards establishing manufacturing bases abroad, particularly in developing countries [5][7] Group 1 - Chinese electric vehicle manufacturer BYD surpassed Tesla in sales, with over 20% of its sales coming from overseas, doubling from 10% in 2024 [2] - The transformation of Chinese enterprises from imitation to innovation is evident, as they now produce high-end products and are sought after by Western companies for their expertise [4] - The establishment of local distribution and supply chain systems is becoming a priority, with companies like Mengniu successfully launching products in local markets [7] Group 2 - The historical context of Chinese companies' global expansion reveals a journey marked by challenges, including initial perceptions of low-quality products and failed acquisitions due to increasing Western scrutiny [3][4] - A shift in human resource strategies is occurring, with Chinese companies increasingly hiring local employees to reduce cultural friction and enhance local engagement [7] - Professional service firms are now actively supporting Chinese companies in their global expansion efforts, reflecting a change in focus from assisting Western firms entering China [8] Group 3 - Despite the strong momentum of expansion, Chinese multinational companies face complex pressures, including Western regulatory challenges and geopolitical risks [8] - The Chinese government is expected to relax strict overseas investment approval processes, which may lead to a greater presence of vibrant Chinese brands in the global market [9]

Core Viewpoint - Zhao Changjiang, a former executive at BYD, has officially joined Zhijie Auto as Executive Director and Executive Vice President, marking the end of months of speculation regarding his career move [1]. Group 1: Zhao Changjiang's Background and Achievements - Zhao Changjiang's career at BYD began in 2009, where he quickly rose through the ranks to become the youngest sales director in the company's history by 2017 [5]. - He played a pivotal role in the success of the Denza D9, which broke the long-standing dominance of the Buick GL8 in the high-end MPV market, achieving over 6,000 units in sales within five months of its launch [4]. - Under his leadership, Denza's average selling price increased from 250,000 yuan to 380,000 yuan, establishing it as a benchmark for high-end new energy MPVs in China [7]. Group 2: Challenges Faced by Zhao at Denza - Despite initial success with the Denza D9, subsequent models like the N7 and Z9GT failed to replicate that success, leading to concerns about the brand's future and contributing to Zhao's decision to leave BYD [7]. - Zhao acknowledged the increasing difficulty of creating successful models in a competitive market, indicating that sustaining success requires a complex interplay of product, supply chain, operations, and brand building [7]. Group 3: Zhijie Auto's Current Situation - Zhijie Auto, launched in September 2023, initially gained significant attention but faced a delivery crisis with its first model, the S7, which only delivered 794 units against over 20,000 orders due to production delays [8][9]. - The brand underwent a strategic restructuring, with a focus on independent operations and a clear division of responsibilities between Huawei and Chery, which has since improved production capabilities and brand performance [9][10]. Group 4: The Launch of Zhijie V9 - The Zhijie V9, the brand's first MPV, is set to launch in 2026, emphasizing space, range, and safety as its core selling points, with a maximum range of over 1,250 km [12]. - The V9 features advanced technology, including a Huawei-powered range extender system and a focus on safety, positioning it to compete in the high-end new energy MPV market [11][12]. Group 5: Future Outlook - The success of the Zhijie V9 is critical for both the brand and Zhao Changjiang, as it aims to establish a strong market presence and prove that past successes were not merely coincidental [13]. - The upcoming months will be crucial in determining whether Zhao can replicate his previous achievements in a highly competitive environment filled with established rivals [13].

经过为期一年多的谈判，欧盟针对中国制造电动汽车反补贴关税取得重大进展——由"价格承诺"机制替 代高额反补贴征税。 1月12日，据商务部官网消息，为落实中欧领导人会晤共识，妥善解决欧盟对华电动汽车案，中欧双方 本着相互尊重的态度，进行了多轮磋商。双方一致认为，有必要向对欧盟出口纯电动汽车的中国出口 商，提供关于价格承诺的通用指导，以便中国出口商可通过更加实用、有针对性且符合世贸组织规则的 方式，解决相关关注。 当日，《每日经济新闻》记者从商务部相关司局也了解到，采用"价格承诺"取代"征税"是双方政府共同 磋商决定的，充分释放了中欧双方管控摩擦的积极信号。通用指导文件由易到难取得共识，共同维护了 以规则为基础的国际贸易秩序。 在接受记者采访时，中国汽车工业协会（以下或简称中汽协）专务副秘书长魏文清表示，采用"价格承 诺"方式向欧盟出口中国纯电动汽车，是中欧双方经过数轮洽谈取得的重大利好成果。这既是中欧相向 而行的结果，也是向外界释放双方进一步加强汽车产业合作共赢发展的重要信号。 中国汽车流通协会乘用车市场信息联席分会（以下简称乘联分会）秘书长崔东树表示，中欧以"价格承 诺"替代高额关税的磋商成果，是双方务实共赢的 ...

Group 1: Industry Overview - The Middle East is experiencing significant policy incentives for the development of solar energy and energy storage, with Saudi Arabia's "Vision 2030" aiming for 50% renewable energy share and approximately 130 GW of installed capacity [1] - The UAE's "2050 Energy Strategy" is also increasing investments in clean energy, particularly in solar and storage [1] - Chinese companies are accelerating their expansion into the Middle East energy storage market, with notable contracts and partnerships being established at the WFES [1] Group 2: BYD Energy Storage - BYD showcased its new energy storage products at the WFES, including the "Haohan" system, which features a capacity of 14.5 MWh and is designed for high-temperature and dusty environments [4] - The system utilizes the world's largest capacity 2710Ah blade battery and integrates advanced energy management systems [4] - BYD has successfully supplied 6.5 GWh for the largest solar-storage project in Latin America, demonstrating its capabilities in extreme conditions [4] Group 3: Envision Energy - Envision Energy signed a significant agreement to localize battery energy storage system (BESS) production in Kazakhstan, enhancing the country's green energy infrastructure [5] - The company has reached a scale of 30 GWh in the energy storage sector and operates in multiple countries including Germany, France, and the UAE [7] Group 4: Trina Storage - Trina Storage presented its AI Data Center (AIDC) energy storage solutions, featuring the Elementa King 3 storage platform with improved energy density and reduced levelized cost of storage (LCOS) [8][11] - The system is designed for rapid grid construction and seamless switching between grid modes, providing reliable power support for AI data centers [11][12] Group 5: Risen Energy - Risen Energy signed a strategic cooperation agreement with the Saudi Renewable Energy Engineering Company (RESC), focusing on a comprehensive range of solar and storage products [13][15] - The partnership aims to enhance local production capabilities and optimize energy costs for commercial and residential applications [15] Group 6: Hema - Hema signed agreements with over ten key partners in the Middle East, showcasing its micro-inverter and energy storage solutions tailored for local market needs [16] - The company introduced a new generation of hybrid storage inverters designed for residential applications, addressing specific energy demands in the region [18] Group 7: Shanghai Electric - Shanghai Electric presented its zero-carbon solutions at the WFES, emphasizing its commitment to global expansion in emerging markets, including the Middle East [19][21] - The company is actively involved in projects like the Dubai 8-hour energy storage system, showcasing its innovative practices in the energy sector [21] Group 8: Huayuxin - Huayuxin showcased customized energy storage solutions for residential and commercial applications in the Middle East, featuring high-capacity battery systems [22][23] - The company's systems are designed for easy deployment and include advanced safety features to ensure reliable energy supply [23]