Core Viewpoint - The article predicts a 25% growth in China's new energy passenger vehicle market sales by 2025, aligning with the "14th Five-Year Plan" expectations for the new energy vehicle market [2]. Group 1: Market Trends - December marks a peak buying season for new energy vehicles as the vehicle purchase tax exemption policy expires, but market dynamics are affected by adjustments in vehicle replacement and trade-in subsidies, leading to a noticeable divergence in market trends [2]. - Major manufacturers have adjusted their production schedules to reduce inventory, preparing for a strong start in the "15th Five-Year Plan" [2]. Group 2: Sales Performance - In December, several key manufacturers, including Tesla, Seres, NIO, and others, achieved record high wholesale sales for new energy vehicles, contributing to a structural growth in the market [2]. - BYD's exports reached 133,000 units in December, a year-on-year increase of 75,000 units, significantly boosting the overall sales growth of new energy passenger vehicles by 4% [2]. Group 3: Sales Data - According to the latest data, the wholesale sales of new energy passenger vehicles in December are estimated at 1.57 million units, representing a 4% year-on-year growth but an 8% month-on-month decline [3]. - Cumulatively, the wholesale sales of new energy passenger vehicles for the year 2025 are projected to reach 15.33 million units, reflecting a 25% year-on-year increase [3].

智通财经记者 | 贾璐 智通财经编辑 | 崔宇 【编者按】为了更全面、更及时、更精确地反映电动载人汽车出口状况，2025年3月起，智通财经/界面 智库和瀚闻资讯联合推出《中国电动载人汽车出海月报》。《中国电动载人汽车出海月报》旨在呈现全 国及各省电动载人汽车出口金额、出口数量和出口目的地等指标的月度变化趋势，以期为政府、企业和 投资者等提供决策参考。我们将于每月27日左右发布相关月报。 根据界面智库与瀚闻资讯统计，2025年11月，中国电动载人汽车贸易增长动能全面爆发，结构性分化态 势进一步凸显。进口方面延续收缩态势，出口方面则展现出强劲的加速势头，11月当月出口金额达 70.76亿美元，同比大幅增长139.83%，环比微降0.11%；出口数量达39.94万辆，同比激增144.93%，环 比增长6.52%。1-11月累计出口量已达337.31万辆，同比增长63.59%，增速较1-10月显著扩大6.99个百分 点，全球市场拓展进入高速增长通道。 从细分市场看，11月电动载人汽车出口分化路径更为清晰。乘用车领域呈现"量价齐升"的强劲增长格 局，在整体出口中占据绝对主导，出口量39.83万辆，占比高达99.73%， ...

Core Viewpoint - The article discusses the impact of the new electric vehicle (EV) purchase tax policy and subsidy changes in 2026, highlighting how these changes are prompting car manufacturers to increase promotions to attract buyers during the New Year period [3]. Group 1: Policy Changes - Starting in 2026, the EV purchase tax incentive has been reduced from full exemption to a 50% reduction (5% tax rate) [3][5]. - The "Two New" policy has shifted from fixed subsidies to a percentage-based subsidy based on vehicle price, although the maximum subsidy remains unchanged [3][5]. - The new purchase tax policy is expected to increase the cost of purchasing EVs, with the tax for a vehicle priced at 31.98 million yuan being approximately 14,200 yuan [11]. Group 2: Market Response - Car manufacturers are ramping up promotions to attract hesitant buyers, with many offering cash discounts and trade-in subsidies [5][6]. - For example, Xiaopeng Motors is offering a cash discount of 3,000 yuan and a trade-in subsidy of 3,000 yuan, totaling around 6,000 yuan in discounts [5]. - Li Auto has different discount policies for various models, with the L6 model seeing a price drop of 38,000 yuan [6]. Group 3: Consumer Behavior - There has been an increase in consumer inquiries and test drives during the New Year period, indicating heightened interest due to the policy changes [4][5]. - Many consumers are still in a wait-and-see mode, comparing different brands' promotions before making a purchase decision [6][8]. - Despite the increased costs from the new tax, many consumers are still purchasing vehicles, as seen in the sales performance of brands like NIO and Hongmeng Zhixing [8][11]. Group 4: Sales Performance - NIO's sales during the New Year period were robust, with reports of high foot traffic and test drive requests [7][8]. - In Guangzhou, a store sold over 10 units of the new Aion model in a single day, demonstrating strong demand despite the new tax [11]. - Overall, the article indicates that while the new tax has raised costs, many brands are successfully maintaining sales momentum through strategic promotions and consumer engagement [9][11].

Core Insights - The new policy for electric vehicle (EV) purchase tax has been implemented in 2026, reducing the previous full exemption to a 50% reduction, resulting in a 5% tax rate for consumers [2][4] - The subsidy policy has shifted from fixed amounts to a percentage of the vehicle price, although the maximum subsidy remains unchanged, leading to a decrease in support for lower-priced models [2][4] Group 1: Market Reactions - Car manufacturers and dealerships are increasing promotional efforts to attract hesitant buyers, aiming for a strong start to the 2026 market [2][3] - During the New Year holiday, there was a notable increase in customer inquiries and test drives, with sales staff working in larger numbers to accommodate demand [3][5] - Many dealerships are advertising their sales achievements to draw in more customers, with some offering cash discounts and trade-in subsidies [3][4] Group 2: Specific Company Strategies - Li Auto is offering varying discounts based on model, with significant reductions for popular models like the L6 and L7 [4] - NIO and other new energy brands are implementing "bottom line" measures to offset the increased purchase tax, such as cash subsidies and price reductions [6][7] - Tesla has not introduced any compensatory measures for the new tax policy but continues to see strong customer interest and sales [7] Group 3: Sales Performance - Some dealerships reported high sales volumes during the holiday, with one store selling over 10 new energy vehicles in a single day [8][9] - Despite the increased costs from the new tax, many brands are still experiencing robust sales, indicating strong market demand [8][9] - The introduction of new models and promotional strategies is expected to maintain consumer interest and sales momentum in the coming months [10][11]

和讯猎报 01.05 13:33:15 周- 【1月5日港股汽车股齐跌，小鹏汽车跌近5%且传高层变动】1月5日，港股市场汽车股集体下挫。其 中，小鹏汽车跌幅近5%，股价报76.35港元。同时，小鹏汽车传出高层变动消息。 ，小鹏汽车产品营运 中心副总裁陈永海已于2025年12月离职，其职务暂由公司总裁王凤英接替。陈永海2010年加入何小鹏创 立的UC，曾担任产品主管。 2014年UC被阿里巴巴收购后，陈永海先后加入360、高德。2022年1月， 他正式加入小鹏汽车，初期负责网路中心，后转任产品中心负责人。 本文由 AI算法生成，仅作参考，不涉投资建议，使用风险自担 小鹏汽车:股价跌近5%,产品营运中 心副总裁已离职 扫码查看原文 和讯财经 和而不同 迅达天下 【1月5日港股汽车股齐跌,小鹏汽车跌近5%且传高 层变动】1月5日,港股市场汽车股集体下挫。其 中,小鹏汽车跌幅近5%,股价报76.35港元。同 时,小鹏汽车传出高层变动消息。,小鹏汽车产品 营运中心副总裁陈永海已于2025年12月离职,其职 务暂由公司总裁王凤英接替。陈永海2010年加入何 小鹏创立的UC,曾担任产品主管。2014年UC被阿 里巴巴收购后 ...

陈永海2010年加入何小鹏创立的UC，曾担任产品主管。2014年UC被阿里巴巴收购后，陈永海曾加入360，并受UC前CEO俞永福邀请进入高德地图。2022 年1月，陈永海正式加入小鹏汽车，初期负责网路中心，后因公司产品策略调整，转任产品中心负责人。 港股市场汽车股集体下挫，其中，小鹏汽车跌近5%报76.35港元。小鹏汽车传出现高层变动。有媒体指，小鹏汽车产品营运中心副总裁陈永海已于2025年 12月离职，其职务暂由公司总裁王凤英接替。 ...

Core Viewpoint - The recent departure of Chen Yonghai, Vice President of Product Operations at Xpeng Motors, has led to a temporary appointment of Wang Fengying as his successor, reflecting ongoing organizational changes within the company [1][4]. Group 1: Leadership Changes - Chen Yonghai left Xpeng Motors in December 2025 after approximately three years in the role of head of the Product Center [3]. - Wang Fengying, who has extensive experience in the automotive industry, joined Xpeng Motors as President in January 2023 and is now temporarily taking over Chen's responsibilities [3]. - The company has seen multiple leadership changes recently, including the departure of Li Liyun, head of the Autonomous Driving Center, and the transition of co-founders Xia Heng and He Tao to "lifetime honorary advisors" [3]. Group 2: Background of Key Personnel - Chen Yonghai has a background in product management, having previously worked at UC, 360, and Amap before joining Xpeng Motors [3]. - Wang Fengying has been a significant figure in the automotive sector since 1991, previously serving as President of Great Wall Motors and is recognized as a core manager in the industry [3]. Group 3: Organizational Strategy - Wang Fengying's appointment aligns with her existing responsibilities and continues the trend of organizational adjustments at Xpeng Motors [4]. - Since her arrival, Wang has implemented several reforms at Xpeng Motors, focusing on core products, optimizing channels, and controlling costs [3].

Group 1: Chery iCAUR and Electric Vehicle Market - Chery's electric vehicle brand iCAUR launched its first SUV model V27 in the UAE, which is a range-extended electric vehicle (REEV) with a total range exceeding 900 kilometers and a pure electric range of 150 kilometers [2] - The V27 features a 1.5L turbocharged engine as a backup generator, achieving a maximum power of 449 horsepower and a top speed of 180 km/h for the all-wheel-drive version [2] - The UAE's second-hand electric vehicle market is projected to grow by 41% by 2025, driven by increased consumer confidence and the expansion of charging infrastructure [2] Group 2: UAE Bond Market - The UAE's fixed income market is expected to reach a total issuance of $64.9 billion in 2025, slightly higher than the $63.4 billion in 2024, reinforcing its position as a regional bond issuance hub [3] - Corporate bonds, particularly bank debt, are the main drivers, with green bonds and sukuk totaling $5.6 billion [3] - The total issuance of corporate bonds in the GCC reached a historic high of $128.6 billion, while government bond issuance decreased to $77.9 billion [3] Group 3: Xpeng Motors and Qatar Market Entry - Xpeng Motors officially entered the Qatari market with a brand launch event in Doha, showcasing models G9 and G6, and previewing the upcoming P7+ model [3] - The entry into Qatar is part of Xpeng's strategic initiative to strengthen its presence in the Middle East and North Africa region [3] Group 4: Qatar Economic Growth - Qatar's GDP is projected to grow by 2.9% year-on-year in the third quarter of 2025, with the non-oil and gas economy growing at 4.4% [4] - The construction sector is showing significant activity, with over 7,138 building permits issued in the first nine months of 2025, reflecting a 13.7% increase [4] Group 5: AI in Qatar's SMEs - Artificial intelligence is enhancing supply chain efficiency and reliability for small and medium enterprises (SMEs) in Qatar, helping to reduce waste and improve inventory management [5] - AI systems are being utilized to predict shortages and ensure product availability, thereby increasing business resilience and economic diversification [5]

Core Viewpoint - The article discusses the development of FastDriveVLA, a new framework for efficient visual token pruning in end-to-end autonomous driving systems, which significantly reduces computational costs and improves inference efficiency [1][8]. Group 1: Research Background and Problem - End-to-end autonomous driving shows great potential to transform future transportation systems, learning the entire driving process within a unified framework, thus reducing errors in information transfer between modules [7]. - Existing VLA models convert visual inputs into a large number of visual tokens, leading to significant computational overhead and increased inference latency, posing challenges for real-world deployment [7][8]. - Previous research aimed at reducing visual tokens has limitations in autonomous driving scenarios, as new designs often require retraining the entire model, and pruning strategies based on attention or similarity may retain irrelevant information [7][8]. Group 2: Methodology and Innovations - FastDriveVLA introduces a novel, reconstruction-based visual token pruning framework specifically tailored for end-to-end autonomous driving [8]. - The research team hypothesized that visual tokens related to foreground information are more valuable than those related to background content, leading to the creation of the nuScenes-FG dataset, which includes 241,000 images with foreground annotations [2][13]. - The lightweight, plug-and-play pruning tool, ReconPruner, is designed to effectively identify and select meaningful foreground visual tokens, utilizing a masked image modeling approach for pixel reconstruction [16][19]. Group 3: Experimental Results - FastDriveVLA achieved state-of-the-art (SOTA) performance in open-loop planning benchmarks on the nuScenes dataset, demonstrating significant efficiency improvements [2][20]. - When the number of visual tokens was reduced from 3,249 to 812, FastDriveVLA's FLOPs decreased by approximately 7.5 times, and it reduced prefill time by 3.7 times and decode time by 1.3 times, enhancing inference efficiency [26][27]. - The framework outperformed existing methods across various pruning ratios, particularly at a 50% pruning rate, where it maintained a balanced performance across all metrics [25][28]. Group 4: Efficiency Analysis - FastDriveVLA's efficiency was analyzed in terms of FLOPs and CUDA latency, showing a significant reduction in computational requirements while maintaining high performance [26][27]. - At a 25% pruning rate, FastDriveVLA demonstrated the best performance across all evaluation metrics, indicating that focusing on foreground-related visual tokens is crucial for enhancing autonomous driving performance [28].

Group 1 - Yushu Technology clarifies that it has not applied for the "green channel" for IPO and that its listing work is progressing normally [1] - Apple has initiated a gray test for its "Apple Smart and Siri" feature for certain domestic devices, but it has not officially launched yet [1] - Warren Buffett, after retiring, expressed confidence in the new CEO Greg Abel, stating he has full decision-making authority [1] - Investor Duan Yongping shared that his investment in Apple stock has yielded a return of over 1623.48%, amounting to approximately $34.26 million [1] Group 2 - Meituan has had 3.25 million RMB worth of equity frozen by a court, with the freeze lasting for three years [2] - The control struggle at Double Star Celebrity Group has intensified, with founder Wang Hai announcing a severance of ties with his son and daughter-in-law [2][3] Group 3 - Xiaopeng Motors' Vice President Chen Yonghai has left the company, with President Wang Fengying temporarily taking over his responsibilities [4] - Romaishi has initiated a restructuring plan called "Rebirth Plan," aiming to complete funding and restructuring by Q1 2026 [4] - GAC Honda has completed the acquisition of Dongfeng Honda Engine Company, changing its name to GAC Honda Engine Company [4] Group 4 - The French skincare brand Filorga announced the closure of its official flagship store due to strategic adjustments, with the store set to cease operations on January 31, 2026 [4] - Tesla's restaurant has seen a significant drop in customer traffic and the departure of its celebrity chef within six months of opening [4] Group 5 - The "Wawa Xiaozong" trademarks have been successfully registered, with rights valid until December 13, 2035 [7] - The facial cleansing brand "Washing Bear" has faced complaints of store closures, with the founder promising to address consumer rights [9] Group 6 - Burger King's online ordering system experienced significant failures, leading to multiple public apologies from the company [11] - Former Meta AI chief Yang Likun left the company, criticizing the focus on large language models as a dead end for achieving superintelligence [12] Group 7 - Cloud Leopard Intelligent has initiated its IPO process, aiming to become the first domestic DPU company listed [12] - Bole Technology has completed over 1 billion RMB in financing, marking the largest funding round in the unmanned mining vehicle sector [12] - Shurui Robotics has raised $100 million in its D round of financing [12] Group 8 - Geely has launched new PHEV models, with prices starting at 139,800 RMB, featuring advanced hybrid technology [13] - Grok has released a new version, optimizing video generation capabilities [15] Group 9 - During the 2026 New Year's holiday, 142 million domestic trips were made in China, with total spending reaching 84.79 billion RMB [18] - China's automobile exports to Venezuela increased by 130% in 2025, with significant growth in both passenger and commercial vehicle segments [18][19] - In November 2025, China's automobile exports reached 818,000 units, a year-on-year increase of 49.2% [19]