| 02319 | 蒙牛乳业 | 20.00 | 302.27 | 15.120 | 15.100 | 60324.13 | | --- | --- | --- | --- | --- | --- | --- | | 01651 | 津上机床中 | 8.50 | 279.04 | 33.000 | 32.740 | 24126.82 | | | 国 | | | | | | | 02038 | 富智康集团 | 14.40 | 274.34 | 19.130 | 18.800 | 10238.34 | | 01681 | 康臣药业 | 17.80 | 264.22 | 14.960 | 14.780 | 18379.42 | | 01672 | 歌礼制药-B | 20.00 | 260.12 | 13.170 | 12.550 | 7305.02 | | 06826 | 昊海生物科 技 | 9.17 | 227.59 | 25.060 | 24.720 | 15119.67 | | 00732 | 信利国际 | 200.00 | 215.00 | 1.080 | 1.070 | 17853.72 | | 0251 ...

智通财经记者 | 周姝祺 在中国新能源汽车快速扩张的阶段，速度、性能和智能化是最容易被感知、也最容易被传播的竞争语 言。而随着多起安全事故引发社会关注，监管层对相关问题持续施压，这套语言体系正在被重写。汽车 公司开始开始将安全重新推向台前，通过更直观的方式向外界证明其对事故风险的控制能力。 吉利汽车首轮投资20亿元的全球全域安全中心于近期正式对外发布。该中心可用于整车碰撞、电池与系 统安全、雨雪雾主动安全、行人保护及关键零部件等27项测试项目。官方称，这是全球建筑面积最大、 验证能力最全的综合型安全试验室。 与过往汽车公司低调处理安全试验不同，在发布当天，吉利汽车向众多媒体开放了其安全测试过程，并 通过现场直播方式，展示了一场耗资约数百万元的整车碰撞试验。 此类测试通常服务于研发与合规环节，仅会对外披露测试结果和评分。吉利汽车选择公开完整测试过 程，意味着其在安全议题上接受更高程度外部审视的同时，开始将隐藏在研发体系内的安全能力，主动 转化为可被市场识别的品牌资产。 理想汽车和华为同样积极释放各自在产品安全和质量方面的努力。理想汽车材料研发负责人段吉超向智 通财经等媒体透露，为从根源上降低碰撞时的座舱变形风险 ...

韩国媒体对极氪进入韩国市场给予高度关注。多家韩媒报道称，中国汽车品牌正在加速登陆韩国，极氪 作为高端豪华品牌，将形成从4000万韩元（目前1韩元约合人民币0.0048元）到1亿韩元的价格区间。 此外，小鹏汽车也在筹备进入韩国市场，今年年初就曾传出过其物色韩国市场负责人的消息。2025年6 月，小鹏汽车以"小鹏Motors Korea"的名称在韩国完成法人登记，地址位于韩国首尔。由此，小鹏汽车 成为继比亚迪和极氪之后，第三家在韩国设立法人的中国新能源车企。在11月举行的2025小鹏科技日活 动上，小鹏汽车副董事长兼联席总裁顾宏地证实，小鹏汽车正在规划韩国市场布局，"韩国是非常好的 电动汽车市场，但是不容易，所以需要花点时间去准备。" 随着吉利、比亚迪率先破冰，极氪进一步扩大战果，小鹏紧随其后，越来越多的中国车企将目光转向韩 国市场。从平价到高端，各类中国产电动汽车将与韩国本土及传统进口汽车品牌展开激烈的市场份额争 夺。 希望攻克"高壁垒"市场 当然，中国车企想要在韩国开疆扩土并不是一件容易的事。众所周知，日本与韩国在全球范围内都属于 封闭性较强的汽车市场，两国凭借民族消费倾向加持，再加上关税与隐蔽性更强的非关税 ...

Core Insights - Major automotive companies are increasingly adopting AI as a core strategy for future development, with significant investments in AI technologies and models [1] - The automotive software industry is undergoing structural changes, shifting the value focus from traditional hardware manufacturing to software and services, with projections indicating a rise in software profit share from 6% in 2020 to 25% by 2030 [2][3] - The integration of software is fostering a new ecosystem that bridges various sectors, enhancing collaboration and resource efficiency across the automotive industry [3][4] Group 1: Industry Trends - The automotive software industry's value is transitioning from a "one-time sale" model to a "full-cycle service" model, with hardware profit share decreasing from 79% in 2020 to an expected 59% by 2030 [2] - The commercial value of in-vehicle operating systems is becoming increasingly significant, with the market projected to reach approximately 600 billion yuan by 2025 and exceed 1 trillion yuan by 2030 [3] - The future of automotive software development is expected to focus on integration, moving towards highly adaptive intelligent operating systems that support comprehensive resource management [4] Group 2: Challenges and Solutions - The automotive industry faces challenges in establishing a unified and open software and hardware ecosystem, with varying levels of openness and interface standards among chip manufacturers [7] - Collaboration between companies remains inefficient, often requiring extensive customization and debugging, which hampers the overall efficiency of solutions [7] - The industry is encouraged to adopt open-source models to build a unified technical foundation, reducing costs and fostering innovation through community collaboration [5][9] Group 3: Future Directions - The integration of advanced safety features and the expansion of collaborative boundaries are essential for building sustainable competitive advantages in the automotive sector [11] - The industry is exploring the incorporation of satellite technology into existing vehicle-road-cloud systems to enhance data and computational networks [12] - The relationship between AI and the automotive industry is expected to evolve, with AI becoming a critical component in the development of intelligent vehicles and applications [12]

格隆汇勾股大数据显示，腾讯控股(00700)、快手-W(01024)、创科实业(00669)、吉利汽车(00175)、中远 海控(01919)、碧桂园服务(06098)、巨子生物(02367)、锦欣生殖(01951)、中国飞鹤(06186)、百融云- W(06608)、科济药业-B(02171)、金山软件(03888)、德康农牧(02419)、海吉亚医疗(06078)、瑞声科技 (02018)、明源云(00909)、固生堂(02273)、酷派集团(02369)、中国石油化工股份(00386)、蒙牛乳业 (02319)、津上机床中国(01651)、富智康集团(02038)、康臣药业(01681)、歌礼制药-B(01672)、昊海生物 科技(06826)、信利国际(00732)、锅圈(02517)、一脉阳光(02522)、医渡科技(02158)、绿城服务(02869)、 多点数智(02586)、同道猎聘(06100)、威高股份(01066)、联易融科技-W(09959)、海尔智家(06690)、连 连数字(02598)、北森控股(09669)、博雅互动(00434)、绿茶集团(06831)、鹰瞳科技-B(0225 ...

Dec 18 (Reuters) - On the Chinese tropical island of Hainan, Huanghuali trees - a rare kind of rosewood - are being photographed so that they can be turned into digital assets. Huanghuali or "yellow flowering pear" produces wood with a beautiful lustre and golden sheen. Favoured by Chinese emperors in times past, the wood continues to be highly prized. But a tree takes ​decades to mature, testing the patience of farmers. Converting the Huanghuali into real world asset (RWA) tradeable tokens would bring ...

Core Insights - UBS predicts that Chinese automakers are expected to capture one-third of the global automotive market by 2030, up from one-fourth this year, driven by advantages in electric vehicle technology, an improving distribution network, and increasing brand recognition [1][2] Market Share Projections - By 2030, Chinese automakers' global market share is projected to rise from below 20% in 2022 and 25% this year to over 33% [2] - In Western Europe, the market share of Chinese automakers is expected to grow from approximately 5% to 15% [2] - Chinese automakers are anticipated to achieve a 25% market share in other global markets [2] Globalization Strategy 2.0 - Chinese automakers are entering a "Globalization Strategy 2.0" phase, focusing on enhancing brand recognition and expanding localized manufacturing [4] - The overseas sales currently account for 20% of the total sales in the Chinese automotive industry, contributing 40%-50% of revenue for some companies [4] Competitive Landscape - Chinese electric vehicle manufacturers are increasingly comparable to typical Western brands, with significant growth in market share despite rising protectionism in developed markets [6] - The retail price of Chinese electric vehicles in overseas markets has reached around $30,000, aligning with mid-range brands [6] Future Outlook - By 2030, the market share of Chinese domestic brands in the local market is expected to rise from approximately 50% in 2022 to 85% [6] - The report emphasizes the need for Chinese automakers to build brand trust, expand sales channels, and accelerate local production overseas to navigate market volatility and competition [6]

Group 1 - The automotive sector in China is facing investor nervousness due to lackluster consumer spending throughout the year, which has worsened recently [1] - The decline in consumer confidence suggests that big-ticket expenditures, such as automobiles, are likely to be negatively impacted [1]

Investment Rating - The report maintains an "Overweight" rating for the automotive industry [4][6]. Core Insights - The automotive industry is expected to see stable growth in consumer demand due to supportive policies and increasing sales of new energy vehicles [17]. - The report highlights the performance of major automakers, with BYD, Geely, and FAW-Volkswagen leading in retail sales for November 2025 [2]. - The report notes a significant increase in the market share of new energy vehicles, reaching approximately 53.2% in November 2025 [2][51]. Market Review - The automotive sector experienced a decline of 0.27% from December 8 to December 12, 2025, outperforming the overall A-share market [19]. - Among sub-sectors, motorcycles and others saw the highest increase of 1.62%, while automotive services faced the largest decline of 4.58% during the same period [22]. Industry Data Tracking - In November 2025, total automotive sales were approximately 3.429 million units, reflecting a month-on-month increase of 3.2% and a year-on-year increase of 3.4% [39]. - Retail sales of passenger vehicles for the first week of December 2025 were about 297,000 units, showing a year-on-year decline of 32% [53]. - The report indicates that the price competition in the new energy vehicle market has cooled, with a rational return to pricing strategies [18]. Industry Dynamics - The report discusses significant developments, including the launch of new models by Hongmeng Zhixing and the collaboration between Volkswagen and Xiaopeng [3][59]. - It mentions that Hongmeng Zhixing plans to introduce multiple new vehicles in 2026, while Li Auto aims to launch its first L4 autonomous driving model within three years [3][59]. Investment Recommendations - The report suggests focusing on leading automakers in smart technology and those benefiting from the convergence of technology cycles and model cycles, such as SAIC Motor, Xiaopeng Motors, Xiaomi Group, and Leap Motor [4][17]. - It also recommends looking at the electric and intelligent components sector, particularly companies involved in the AIDC liquid cooling supply chain, such as Huguang Co., Chuanhuan Technology, Yinlun Co., and Horizon Robotics [4][17].

12月15日，工信部首次发放L3级"有条件自动驾驶"车型准入许可，长安深蓝SL03与极狐阿尔法S6率先 入围，限定在北京、重庆的高速/快速路开启试点，最高时速50-80km/h，仍要求驾驶员随时接管。同一 天，特斯拉宣布其"无人驾驶"Robotaxi取消安全员，计划2026年直接以L4形态上路运营。两件事叠加， 意味着中国市场的竞争逻辑即将发生三点根本性变化： 一句话：L3准入是"门票"，Robotaxi是"终局"。谁能先把L3卖出去的车变成24小时跑数据的Robotaxi， 谁就拿到下一轮的生存权。 国内传统车企拿到L3"准生证"，但只能在固定路段、低速场景下卖车；特斯拉跳过L3，用L4 Robotaxi 直接切入出行运营，把车变成"会赚钱的资产"。后续车企必须同时拿到"政府准入"与"运营牌照"两张通 行证，否则硬件再先进也只能停留在辅助驾驶层面，无法打开持续收费的出行服务市场。 （文章来源：21世纪经济报道） 3. 行业淘汰赛从"价格战"升级为"资质+资金"双重筛选 1. 竞争焦点从"硬件堆料"转向"法规+运营"双轨能力 政策端已明确：L3准入只给"完成安全评估+具备冗余+能远程监管"的企业，相当于把90 ...