宝马即将在国内推出的包括新世代车型在内的一系列新产品，将更好满足中国消费者多元化、高品质的 出行需求。中国在全球的创新能力不断攀升，已成为宝马集团未来发展战略中不可或缺的支点。 科创合作亦是如此。齐普策指出，"创新与进步从来不会在封闭孤立中实现。唯有坚持开放包容、开拓 进取，才能推动技术革新的潮流滚滚向前，这也是高度依赖全球产业协作的汽车产业能够行稳致远的关 键。在行业加速向电动化、智能化、辅助驾驶功能规模化演进的过程中，我们必须深刻认识到：只有在 全球范围内开展紧密协作，才能促进产业共兴、繁荣共享——而德国与中国可以携手成为引领这场技术 变革的重要力量。" 当前，可持续发展已成为德中、欧中关系的最大公约数。双方作为在电池生产、联合研发以及技术创新 领域可信赖的长期合作伙伴，将在电池护照场景下的数据跨境开展试点，深化探索可信数据交互、电池 碳足迹核算方法学以及碳核算创新工具方面的合作，利用可信标准化数据生态系统Catena-X，支持技术 标准统一，推动形成协调一致、以科学为导向的政策框架，促进产业长期稳定发展。 2025年，中国重新成为德国最大贸易伙伴，充分彰显德中经贸关系的韧性与互补性。如果说经济合作是 德 ...

申港证券近日发布电力设备行业研究周报：1月，我国动力电池装车量42GWh，同比增长8%。不同类型 动力电池装车情况。1月，我国磷酸铁锂动力电池装车量32.7GWh，占总装车量78%，同比增长8%；三 元动力电池装车量9.4GWh，占总装车量22%，同比增长10.6%。 龙头企业动力电池装车量情况。1月，宁德时代（300750）动力电池装车量20.9GWh，占总装车量 50%，同比增长15%；比亚迪（002594）动力电池装车量7.3GWh，占总装车量17%，同比减少18%。 行情回顾： 电力设备行业本周涨跌幅为1.13%，在申万31个一级行业中，排在第13位。电力设备行业本周跑赢沪深 300。本周上证指数、沪深300、深证成指、创业板指的涨跌幅分别为0.4%、0.4%、1.4%、1.2%。 在细分行业中，电机II、其他电源设备II、光伏设备、风电设备、电池和电网设备涨跌幅分别为2.4%、 6.0%、-1.1%、-1.6%、0.5%、3.6%。 电力设备行业周涨幅前五个股分别为：微导纳米、铜冠铜箔（301217）、聚和材料、东方电气 （600875）、中国动力（600482）。 电力设备行业周跌幅前五个股分别为 ...

崔东树：全国乘用车行业2026年1月末库存357万辆、库存70天 赛力斯公布晕车识别专利 天眼查知识产权信息显示，近日，赛力斯汽车有限公司申请的"一种晕车识别方法、装置、存储介质及 设备"专利公布。摘要显示，本申请的方法中，利用多源信号样本训练用于预测驾乘人员的晕车状态的 教师模型，通过知识蒸馏技术，基于训练好的教师模型提供的软标签和IMU信号样本训练学生模型，将 训练好的学生模型确定为晕车识别模型。 2月25日，乘联分会秘书长崔东树发文表示，2026年1月月末全国乘用车行业库存357万辆，较上月下降8 万辆，较2025年1月增58万辆，形成库存高位运行特征。2026年1月底的库存与未来销量综合预估的现有 库存支撑未来销售天数在70天，相对于2023年1月的65天、2024年1月的70天，2025年1月的48天，今年1 月的总体库存压力相对较大。从仅生产新能源车企业的库存变化特征分析看，随着反内卷的推动，行业 库存9月降到62万辆，2026年1月行业库存上升到72万辆，较峰值库存降16万辆，但较12月增加6万辆。 近期新能源经销商的厂家和渠道库存面临市场低于预期，行业库存总体压力较大。 河南发布2026年汽车 ...

自动播放 2026 年伊始，营商环境成为各地发展的 "关键词"。中央党报《经济日报》头版头条聚焦江西，将赣州 维盛复合材料有限公司 "3 月开工、8 月投产、11 月入规" 的案例，作为一流营商环境的生动注脚。凤 凰网《前行者》特邀中制智库理事长新望、维盛复材总经理王维，深度解读政企协同背后的新逻辑，为 科创企业成长与区域经济发展提供参考样本。 一、 赣州速度：政企合力跑出科创加速度 作为一家总部位于北京的初创新材料企业，维盛复材为何选择赣州落地生产基地？答案藏在 "9 个月从 0 到 1" 的 "赣州速度" 里。 "赣州政府的高效服务和立体化金融支持，让我们能专注于技术和生产。" 王维坦言，北京总部用 3 年 时间完成了关键技术和工程化能力验证，投入上亿研发资金，这才为赣州基地的快速落地奠定了基础。 更值得一提的是，赣州不仅提供了跨部门审批的 "绿色通道"，还为企业招引了大量从深圳返乡的熟练 工人，人力成本较北京降低 20%-30%，生产效率却大幅提升。 王维对此深有体会："政府不是'甩手掌柜'，也不是'管理者'，而是'合伙人'。从厂房建设到员工招聘， 从审批流程到金融支持，赣州政府全程赋能，让我们少走了很 ...

Group 1 - The core focus of the article is on the rapid development of the business environment in Jiangxi, exemplified by the case of Weisheng Composite Materials Co., which achieved a remarkable timeline from construction to production in just nine months [1][2] - Weisheng Composite Materials chose to establish its production base in Ganzhou due to the efficient services and financial support provided by the local government, which allowed the company to concentrate on technology and production [2][3] - The local government has implemented a "green channel" for cross-departmental approvals and attracted skilled workers from Shenzhen, resulting in a 20%-30% reduction in labor costs compared to Beijing while significantly enhancing production efficiency [2] Group 2 - The innovative model of government support has shifted from traditional subsidies to becoming a partner through equity investment, with the Ganzhou Economic Development Zone taking a stake in Weisheng Composite Materials [2][3] - This new model of "capital ties + efficient services" has garnered attention in the industry, as it addresses the financing challenges faced by startups while promoting the development of the industrial chain [3] - Weisheng Composite Materials' growth path offers a reference for other startups, emphasizing the importance of integrating innovation, collaborating with leading companies, and synchronizing upgrades to stay competitive [3][4] Group 3 - The founder of Weisheng Composite Materials emphasizes that personal integrity and crisis management skills are more crucial than technology in entrepreneurship, advocating for a commitment to innovation even through challenging paths [4] - The article highlights that the core of a favorable business environment lies in comparative advantages and government-enterprise collaboration, which are essential for attracting and retaining businesses [4] - The growth story of Weisheng Composite Materials reflects the synergy between new productive forces and an excellent business environment, providing valuable insights for regional economic development and the growth of innovative enterprises [4]

据经济参考报，近期，固态电池领域动作频频，一汽、广汽、比亚迪、宁德时代等多家企业宣布中试产 线投产或取得阶段性突破，为产业化进程注入新动力。然而，固态电池从实验室走向规模化装车，仍面 临材料、成本、产业链配套等多重挑战。专家指出，固态电池真正落地需要技术、标准、生态的协同推 进，预计全固态电池大规模商业化仍需数年时间。 ...

Core Insights - The report highlights the performance of various sectors in the A-share market, indicating a mixed trend with certain industries like battery and communication resources leading the gains while others like tourism and media lag behind [6][9][10] - The report emphasizes the importance of macroeconomic data and policy changes in shaping market expectations and investment strategies [8][12][20] Domestic Market Performance - The Shanghai Composite Index closed at 4,147.23 with a gain of 0.72%, while the Shenzhen Component Index closed at 14,475.87 with a gain of 1.29% [4] - The average P/E ratios for the Shanghai Composite and ChiNext are 16.93 and 53.12 respectively, indicating a favorable long-term investment environment [8][12] International Market Performance - Major international indices such as the Dow Jones and S&P 500 experienced declines of 0.67% and 0.45% respectively, reflecting a cautious global market sentiment [5] Industry Analysis - The aerospace and media sectors are noted for their strong performance, while the film industry faced a disappointing Spring Festival box office, with total revenue down 40.09% year-on-year [14][15] - The automotive industry is projected to benefit from policies promoting vehicle upgrades, with a target of replacing 500,000 vehicles by the end of 2026 [6][20] Investment Recommendations - The report suggests focusing on sectors such as electric batteries, communication devices, and aerospace for short-term investment opportunities due to their current market strength [12][20] - In the automotive sector, the report recommends monitoring companies involved in intelligent driving and robotics, as these areas are expected to see significant growth [20][28] Key Data Updates - The report notes that the automotive industry saw stable production and sales figures in January 2026, with a total of 245,000 vehicles produced and 234,700 sold [18] - The battery sector reported a 3.31% increase in the index, with a total of 94,500 electric vehicles sold in January, indicating a slight year-on-year increase [37]

Group 1: Humanoid Robots - The humanoid robot industry is entering a significant commercialization phase, with substantial improvements in performance and user demand, as evidenced by a 4-fold increase in user visits and a 25-fold increase in searches for "robots" during the Spring Festival [1] - By 2026, humanoid robots are expected to become a new production factor in the real economy, with the market scale potentially exceeding 1 trillion yuan if applied on a large scale in industrial and service sectors [2] - The humanoid robot industry has transitioned from the technology introduction phase to the growth phase, indicating a period of rapid performance and valuation increases for companies in the supply chain [7] Group 2: Key Components of Humanoid Robots - The critical components of humanoid robots include: 1. Main control chip (brain) [10] 2. Rotational joints for shoulder and waist movements [11] 3. Linear joints for upper and lower limb movements, with high technical barriers [12] 4. Controllers that manage the actions of each part [13] 5. Batteries with higher energy density and lower power consumption [14] 6. Perception systems acting as the robot's eyes [15] 7. Dexterous hands, crucial for performance, with high technical barriers [16] 8. Skin [17] Group 3: Solar Industry - The solar industry is at a critical juncture of cycle repair and incremental release, with a reported over 3% reduction in silicon wafer production, reinforcing inventory reduction expectations [21] - Space solar power is expected to bring significant growth, with Elon Musk proposing a target of deploying 100 GW of space solar systems annually over the next three years [21] - The industry is experiencing rapid technological advancements, with heterojunction (HJT) technology being favored for its cost-effectiveness and production efficiency, while gallium arsenide batteries are identified as optimal for space solar applications due to their radiation resistance and stability [21][22]

节前科创债供给缩量。本周（2026.2.9-2026.2.13，下同）科创债新增供给达 292.8 亿元，因假期因素主动减量，规 模较前一周明显收缩。发行结构以银行间 1 年内品种为主，亦有宁德时代等优质龙头 5 年期品种发行。新债认购方面， 科创债品种较普通信用债认购相对清淡，市场优先抢配高等级短久期品种，ETF 成分券标的更受机构青睐。 存量科创债评级呈现高度集中特征，AA+及以上隐含评级债券数量占比为 73.7%，AA 级中等资质个券占比也达到 22.1%， 反映部分中小科创主体融资需求；行业分布则以传统行业为主导，建筑装饰、公用事业、综合行业债券数量占比 38.8%， 纺织服饰、通信、非银金融行业较该行业全部信用债估值存在 16bp 以上的超额利差。 科创债品种内部比价方面，最新一周科创债指数成分券与非成分券的利差走阔至 27.1bp，银行间品种与成分券利差读 数也走阔至 8.5bp。拆分到 1-3 年，银行间品种与指数成分券存在近 20bp 的压缩空间。总的来看，节后科创债市场短 期将延续震荡格局，短久期高等级及 ETF 成分券表现占优，投资策略上可聚焦 1-3 年期 AAA 品种，较强的流动性便于 ...

Group 1 - BMW Group is intensifying its commitment to the Chinese market, highlighted by the signing of a memorandum of understanding with CATL to enhance collaboration in the battery supply chain and reduce the carbon footprint of electric vehicles [2] - The Chairman of BMW Group, Zipse, emphasized the importance of global cooperation in addressing challenges and fostering innovation, stating that open collaboration is essential for the automotive industry's sustainable development [2] - BMW has invested over 120 billion RMB in its Shenyang production base since 2010, establishing it as a leading center for smart manufacturing and innovation, while also setting a benchmark for digital and green transformation in high-end manufacturing [2] Group 2 - China has increasingly become a strategic hub for BMW's global innovation, with the establishment of four R&D innovation centers and three software companies in the country [3] - The upcoming launch of the new generation BMW iX3 long-wheelbase version at the Beijing Auto Show in April marks the highest level of localization for BMW vehicles to date [3]