（来源：工人日报） 广东：两业协同发展 本报讯 （记者赵思远）2月24日，农历正月初八，广东连续第四年召开全省高质量发展大会。今年的主 题聚焦制造业与服务业协同发展。 从产业科技互促双强，到建设现代化产业体系，再到制造业与服务业协同发展——近3年来，广东全省 高质量发展大会主题的提法不断创新，侧重点各有不同。始终不变的，是牢牢紧扣产业这一关键课题。 推动制造业与服务业深度融合发展，广东基础雄厚、优势突出：作为制造业大省，拥有全部31个制造业 大类，规上工业企业营业收入规模连续保持全国第一；常年是我国服务业领域的"冠军"，2025年全省服 务业增加值规模超8.4万亿元，在全国占比超十分之一，服务体系十分完备。 本次大会上提出，未来10年，广东经济总量将比2022年实现倍增、达25.8万亿元左右。锚定这一目标， 推动制造业与服务业协同发展、双向赋能，是当前必须走好的一步棋。 不久前发布的广东"十五五"规划建议进一步提出，实施服务业扩能提质行动，促进现代服务业与先进制 造业、现代农业深度融合。今年的省政府工作报告也提出，推动制造业服务化和服务业制造化，以服务 业升级促进和支撑整个产业体系的优化升级。 "新春第一会" ...

汽车 分析师：龙羽洁 登记编码：S0730523120001 longyj@ccnew.com 0371-65585753 政策托底稳增长，智驾政策加速落地 ——汽车行业月报 证券研究报告-行业月报 强于大市(维持) 汽车相对沪深 300 指数表现 -15% -10% -4% 1% 6% 11% 17% 22% 2025.02 2025.06 2025.10 2026.02 汽车 沪深300 资料来源：中原证券，聚源 相关报告 《汽车行业月报：乘商协同引领行业向上， 2025 年汽车产销续写新高》 2026-01-20 《汽车行业月报：L3 级自动驾驶准入落地， 商业化加速》 2025-12-23 《汽车行业年度策略：破局内卷提质转型，智 联系人：李智 电话： 0371-65585629 投资要点： 能网联领航升级》 2025-11-25 地址： 郑州郑东新区商务外环路10 号18楼 地址： 上海浦东新区世纪大道1788 号T1 座22 楼 ⚫ 市场回顾：截至 2 月 25 日收盘，汽车（中信）行业指数上涨 3.62%， 跑赢同期沪深 300 指数 3.0pct，在中信 30 个一级行业中排名第 8 名。本月 ...

汽车 分析师：龙羽洁 登记编码：S0730523120001 longyj@ccnew.com 0371-65585753 政策托底稳增长，智驾政策加速落地 ——汽车行业月报 证券研究报告-行业月报 强于大市(维持) 汽车相对沪深 300 指数表现 -15% -10% -4% 1% 6% 11% 17% 22% 2025.02 2025.06 2025.10 2026.02 汽车 沪深300 资料来源：中原证券，聚源 相关报告 第1页 / 共23页 《汽车行业月报：乘商协同引领行业向上， 2025 年汽车产销续写新高》 2026-01-20 《汽车行业月报：L3 级自动驾驶准入落地， 商业化加速》 2025-12-23 《汽车行业年度策略：破局内卷提质转型，智 联系人：李智 电话： 0371-65585629 投资要点： 本报告版权属于中原证券股份有限公司 www.ccnew.com 请阅读最后一页各项声明 发布日期：2026 年 02 月 25 日 能网联领航升级》 2025-11-25 地址： 郑州郑东新区商务外环路10 号18楼 地址： 上海浦东新区世纪大道1788 号T1 座22 楼 ⚫ 市场回顾：截 ...

Core Viewpoint - The A-share private placement market is witnessing a significant shift from traditional discount-based participation to high-premium issuance, with several projects achieving premium rates exceeding 20% [1][3]. Group 1: High Premium Issuance - A number of private placement projects have been successfully issued at high premiums, breaking the previous norm of "buying shares at a discount" [1][3]. - The issuance of shares by Guangdian Measurement has a premium rate of 29.09%, raising a total of 1.3 billion yuan at an issue price of 24.01 yuan per share [3]. - The automotive industry has seen particularly notable high-premium issuances, with companies like Jianghuai Automobile and Fengshen Co. achieving premium rates of 23.93% and 125% respectively [4]. Group 2: Participants in High Premium Placements - Public funds are the primary participants in high-premium private placements, with notable involvement from private equity, securities firms, insurance capital, and foreign institutions [1][6]. - The largest single subscription for the North Vehicle Blue Valley's new round of private placement was made by E Fund, amounting to 2.2 billion yuan [7]. - Notable individual investors, referred to as "bulls," have also played a significant role, with some becoming the largest subscribers in various projects [8][9]. Group 3: Investment Focus and Trends - The focus of investment has shifted towards sectors such as new energy vehicles, artificial intelligence, and high-end manufacturing, driven by macroeconomic policies and industry trends [2][10]. - The funds raised in these private placements are primarily allocated to the development of high-end intelligent electric platforms and new materials, aligning with the industry's push for innovation and sustainability [10][11]. - The demand for advanced materials and technologies in the automotive sector is increasing, with companies like Yao Pi Glass and Zhongbei Communication investing in energy-saving upgrades and 5G infrastructure [11][12].

转自：前瞻产业研究院 以下数据及分析来自于前瞻产业研究院冷藏车研究小组发布的《中国冷藏车行业市场需求前景与投资规 划分析报告》 行业主要上市公司：中集车辆(301039)、中国重汽(000951)、福田汽车(600166)、东风汽车(600006)、江 淮汽车(600418)、江铃汽车(000550)、一汽解放(000800)、动力新科(600841)等。 本文核心数据：行业整体融资;行业投融资轮次 1、冷藏车行业投融资活跃度呈波动态势 根据IT桔子库，2015-2025年期间，我国冷藏车行业投融资事件数量呈现波动态势，2024年融资事件为8 件，2025年截至12月，投融资事件数量为10件。2018年，冷藏车行业投融资金额较高，达到182亿元， 其余年份较为平均。 注：上述统计时间截至2025年12月5日，下同。 2、冷藏车行业投融资集中于战略投资 从平均单笔融资金额来看，2018-2025年，冷藏车行业平均单笔融资金额呈波动趋势。2024年平均单笔 融资金额仅0.94亿元，2025年中国冷藏车行业平均单笔融资金额略升至1.25亿元。 从冷藏车的投资轮次分析，目前冷藏车行业的融资轮次中，主要集中在A轮、战略 ...

2月24日，春节假期后首个工作日，一组组鲜活数据，一个个奋斗故事，交织成中国式现代化新征程上 的奋进图景。 数据里，看见发展速度。 1800余台机器人协同作业，每秒30万条产线数据汇聚到数字中枢。2月24日，位于安徽肥西县的江淮汽 车集团尊界超级工厂全线复工。 控制面板前，车身生产负责人姜志海紧盯着运行参数，"用上人工智能视觉检测系统，数秒内便能扫描 整个车身，0.2毫米的微小瑕疵也不放过。" 正月初五物料进厂，正月初七整条产线空载试运行。工厂负责人魏大卫说："今天的产能，可恢复到节 前高峰水平的九成以上。" 春风吹过田野，河南唐河县城郊乡党坡村，连片麦田返青。 "智慧港口建设持续升级，堆存一个集装箱仅需3分钟，位置可记录、全程能追溯。"操作员苏卓怡驾轻 就熟。 岸线扩展、泊位增多、堆场扩大，洋浦国际集装箱码头平均待泊时间，由一年前的7小时，压缩至18分 钟。 春节假期，洋浦港63台场桥设备昼夜不停，8.9万标准箱在此完成吞吐作业。 钢铁驼队，不舍昼夜，高质量共建"一带一路"走深走实。 "X8155次进货八道，立即编组！" 田里，拖拉机、旋耕机正在作业；空中，无人机飞防虫害。 流转了3000多亩地，种粮大户乔 ...

Summary of the Conference Call on Robot Taxi and Autonomous Driving Policies Industry Overview - The conference focused on the developments in the autonomous driving industry, particularly in the context of Robot Taxi services in the United States and China [1][29]. Key Points from the Conference U.S. Autonomous Driving Policies 1. **Historical Context and Current Status**: - The U.S. government is divided into federal and state levels, both of which participate in autonomous driving legislation [2]. - Prior to 2016, the U.S. lacked a systematic framework for autonomous driving, leading to a fragmented approach [2][3]. - Post-2016, significant progress was made with the release of the AV 1.0 policy, establishing a foundational framework for future regulations [3][4]. 2. **Legislative Developments**: - The U.S. Department of Transportation (DOT) and the National Highway Traffic Safety Administration (NHTSA) have been pivotal in shaping the regulatory landscape since 2016 [4]. - The introduction of the Self Drive Act of 2026 aims to ensure the U.S. maintains its leadership in the autonomous driving sector by establishing a national safety data repository and clarifying federal priorities [7][8]. 3. **Key Legislative Proposals**: - The proposed Motor Vehicle Modernization Act increases the exemption limit for manufacturers from 2,500 to 90,000 vehicles and extends the exemption period to five years [9]. - The legislative process involves multiple steps, including committee reviews and votes, before becoming law [14][18]. 4. **Impact of Upcoming Regulations**: - The anticipated regulations are expected to facilitate the deployment of Robot Taxi services and enhance operational transparency for autonomous vehicles [6][19]. Chinese Autonomous Driving Regulations 1. **Regulatory Framework**: - China's autonomous driving vehicles (L3 and above) must undergo a two-phase process: application for access and pilot testing on public roads [21][22]. - Recent policies have clarified the requirements for these phases, with significant developments occurring in 2023 [21][23]. 2. **Approval Process**: - The Ministry of Industry and Information Technology (MIIT) has approved L3 vehicle models from Changan and BAIC for pilot testing, marking a significant step towards commercialization [24][25]. 3. **Standards and Compliance**: - Two key standards are being developed: Strong Standard A focuses on safety requirements for autonomous driving systems, while Strong Standard B addresses compliance testing for road usage [26][27]. - These standards are crucial for ensuring that vehicles meet safety and operational criteria before being allowed on public roads [28]. Market Implications - The advancements in both U.S. and Chinese regulations are expected to accelerate the development and deployment of Robot Taxi services, with companies like Tesla, Waymo, and various Chinese manufacturers being highlighted as key players [29]. - The overall trend in the Robot Taxi industry is positive, with ongoing monitoring and analysis of regulatory changes being essential for stakeholders [29]. Additional Insights - The conference emphasized the importance of continuous tracking of both policy changes and technological advancements in the autonomous driving sector to identify investment opportunities and risks [29]. - The potential for significant market growth in the Robot Taxi industry is underscored by the increasing regulatory support and technological readiness [29].

2025年，安徽省汽车产量达到368.65万辆，其中新能源汽车产量179.41万辆，均居全国首位。 奇瑞汽车股份有限公司董事长尹同跃在现场表示，安徽省委、省政府连续两年召开以科技创新引领新质 生产力发展为主题的"新春第一会"，充分体现了开局即冲刺，创新立潮头的决心和担当，让我们倍感振 奋。 尹同跃称，过去一年，安徽作为汽车大省、科创大省，高质量发展气势如虹，奇瑞也趁势迈入发展快车 道，成功实现港股上市，开启了发展的新纪元。今年是"十五五"开局之年，奇瑞将坚持技术突破，持续 推动智仓、智驾、AI智能体、固态电池，高算力芯片等一系列关键技术实现重大突破，巩固拓展安徽 汽车三个全国第一的地位，让世界上越来越多的用户爱上安徽制造、安徽创造。 连续两年参加安徽"新春第一会"的蔚来创始人李斌表示，会议在"十五五"期间为蔚来的发展指明了一个 清晰的方向，蔚来会持续地投入科技创新、技术创新，保证蔚来在"十二全栈技术"方面领先的优势，也 是希望作为安徽新能源汽车产业的一员，能够让更多产业链上的合作伙伴，落户安徽，扎根安徽，为安 徽新能源汽车产业的高质量发展，做出更大的贡献。 2月24日，马年春节后首个工作日，安徽省召开"新春第 ...

江淮汽车今年以来股价涨13.27%，近5个交易日涨2.67%，近20日涨9.94%，近60日涨16.18%。 资料显示，安徽江淮汽车集团股份有限公司位于安徽省合肥市东流路176号，成立日期1999年9月30日， 上市日期2001年8月24日，公司主营业务涉及商用车、乘用车、汽车底盘及汽车核心零配件等的研发、 生产、销售与服务。主营业务收入构成为：商用车54.97%，乘用车25.10%，其他11.82%，客车7.67%， 底盘0.44%。 2月25日，江淮汽车盘中下跌2.01%，截至10:25，报56.07元/股，成交9.89亿元，换手率0.80%，总市值 1263.92亿元。 资金流向方面，主力资金净流出9505.72万元，特大单买入1.83亿元，占比18.53%，卖出2.81亿元，占比 28.45%；大单买入2.91亿元，占比29.43%，卖出2.88亿元，占比29.12%。 分红方面，江淮汽车A股上市后累计派现29.00亿元。近三年，累计派现4586.42万元。 机构持仓方面，截止2025年9月30日，江淮汽车十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股5548.50万股，相比上期减少4 ...

Group 1: Automotive Sales and Market Trends - In January 2026, the top ten automotive companies sold 1.962 million vehicles, accounting for 83.6% of total sales, with notable growth from SAIC Group, Geely, Dongfeng, GAC Group, and Great Wall Motors compared to the previous year [1] - The top ten passenger car manufacturers sold 525,000 units in January 2026, representing 70.4% of total passenger car sales, with growth seen in Geely, FAW-Volkswagen, Dongfeng Limited, and SAIC Motor [1] - The pickup truck market showed strong growth in January 2026, with sales reaching 49,000 units, a year-on-year increase of 22.5%, and production at 52,000 units, up 29.3% [1] Group 2: New Energy Vehicles and Infrastructure - During the Spring Festival holiday from February 15 to February 23, 2026, electric vehicle charging sessions reached 6.021 million, with a total charging volume of 14,976.75 million kWh, marking a 52.01% increase in daily average charging compared to the previous year [2] - The National Energy Administration plans to implement a "three-year doubling" action to enhance electric vehicle charging infrastructure [2] Group 3: Corporate Developments and Investments - Wuhan Economic and Technological Development Zone aims to cultivate six automotive enterprises with a valuation of 100 billion RMB by 2030, promoting a competitive landscape among state-owned, private, and joint-venture companies [3] - CATL and Chery Automobile established a joint venture, Times Chery (Hefei) New Energy Technology Co., Ltd., with a registered capital of 2 billion RMB, focusing on battery manufacturing [4] - Leap Motor increased its registered capital from 4.708 billion RMB to 5.558 billion RMB, an increase of approximately 18% [10] - Weilai Battery increased its registered capital from approximately 2.24 billion RMB to approximately 2.64 billion RMB, also an increase of about 18% [11] Group 4: Company Performance and Financial Results - Lucid Group reported Q4 2025 revenue of $522.7 million, exceeding market expectations of $459.4 million, with an adjusted loss per share of $3.08, compared to the expected loss of $2.68 [12] - Ford is recalling over 450,000 vehicles in the U.S., including certain models from 2017-2019 and 2023-2026, due to safety concerns [13]