1月26日，阶跃星辰（StepFun）完成超50亿元B+轮融资，创下过去12个月中国大模型赛道单笔最高融资纪录。参投机构包括上国投先导基金、国寿股权、 浦东创投、徐汇资本、无锡梁溪基金、厦门国贸、华勤技术等产业投资人，腾讯、启明、五源等老股东进一步跟投。 阶跃星辰（StepFun）成立于2023年4月，由微软原全球副总裁姜大昕创立，联创包括张祥雨（前旷视研究院院长，印奇是旷视的创始人）、朱亦博（前微软 亚洲研究院研究员）等，已发布22款自研基座模型（含16款多模态模型），包括 Step-1千亿参数语言大模型、Step-1V 千亿参数多模态大模型、Step-2 万亿 参数 MoE 语言大模型等，产品覆盖语音交互、图像视频生成、多模态理解等领域，已落地 OPPO、荣耀、吉利汽车等手机厂商量产机型及金融、汽车等行 业场景。 据了解，印奇在阶跃星辰创立初期就深度参与，而后面阶跃星辰跟智谱AI、MiniMax、月之暗面、百川智能（医疗）、零一万物（政企）等AI六小虎的分野 也跟他有莫大的关系——阶跃星辰更强调跟智能手机、智能汽车等终端的结合，走向物理AI，而印奇任董事长的千里科技就承担着吉利汽车智能化开发的 重担。 吉 ...

Core Viewpoint - The Chinese automotive industry is facing multiple structural changes after a period of internationalization benefits, with challenges such as geopolitical conflicts and market saturation. However, ambitious Chinese automakers, exemplified by Geely Holding, are striving to become global leaders by 2030, targeting over 6.5 million in global sales and over 1 trillion yuan in revenue, aiming to rank among the top five global automakers [1][3]. Group 1: Global Expansion Strategy - Geely Holding is transitioning from a traditional export model to a global operational strategy, focusing on establishing a "brand base" in key markets like Southeast Asia, where it plans to create a complete "industrial ecosystem" [3][4]. - The "AHTV Industrial Park" project aims to achieve a production capacity of 500,000 vehicles by 2035, with 50% for export, and to develop a supply chain system for 1 million parts, also with 50% aimed at global markets [4]. - In developed markets like Europe and North America, Geely is adopting a "high-end social circle" strategy, leveraging partnerships with Volvo and Renault to achieve scale [4]. Group 2: Technological Innovation - Geely is focusing on core technological capabilities to build a competitive edge, emphasizing innovation in areas such as AI, smart driving, and battery technology [8][9]. - The company aims to shorten R&D cycles and reduce costs through a shared technology platform across seven key areas, enhancing its competitive position in the global market [9]. - Geely's advancements include the "ShenDun JinZhuan" battery safety standards and the development of the world's most efficient mass-produced hybrid engine [10]. Group 3: ESG Commitment - Geely is positioning itself as a leader in ESG (Environmental, Social, and Governance) practices, which are becoming crucial for international market competitiveness [12][14]. - The company has implemented a carbon management platform and established numerous green factories, aiming to meet international standards and enhance its reputation [12][14]. - Geely's commitment to sustainability includes plans to integrate green materials into its product lifecycle and promote carbon neutrality across its operations [14]. Group 4: Market Performance - Geely's sales reached 4.116 million units in 2025, marking a 26% year-on-year increase, with electric vehicle sales growing by 58% and achieving a penetration rate of 56% [11]. - The company has become the fastest-growing among the top ten automotive groups globally, highlighting its successful adaptation to market demands [11].

一果兴县 一业赋能 静宁走出多元发展路 静宁时代车间里的智能缝纫机生产线 □记者 李童晖 胡文龙 文/图 静宁时代员工雷轩的经历颇具代表性。这位曾在外省务工的农民，如今在家门口月挣4000多元："以前一直是外出打工， 现在家门口有这样的制造企业能上班，感觉挺好的。" 数据显示，静宁汽配企业八成以上员工是本地劳动力，其中不少人是果农，农闲时走进车间务工增收。 精准招商打造"集群发展引擎" "我们选择静宁，看中的是这里的产业配套和'保姆式'服务。"静宁时代总经理唐艳伟的话，道出了企业落户的核心原因。 近年来，静宁以"苹果之乡"的生态名片为引，绘制汽配产业"招商图谱"，建立目标企业库、机会清单库、项目库"一图三 库"体系，精准承接东部产业转移。 从2022年沪佑正通落户，到2024年国家级专精特新"小巨人"企业豪斯特投产，再到2025年底静宁时代开工，静宁仅用三 年就形成涵盖线束、头枕、座椅面套的汽车座椅零部件产业集群，产品直供吉利、比亚迪等车企。更关键的是，当地创 造了"签约到投产仅三个月"的速度——豪斯特项目从落地到量产的高效推进，印证了"专班跟进、全流程服务"的招商优 势。如今，园区汽配企业年产值已突破1.2 ...

出口跨境电商货物连夜装机。 杭州外贸出口规模排名实现新突破。据钱江海关统计，2025年杭州（含省级公司，下同）出口6467 亿元，同比增长8.7%，在全国城市中出口规模排名居第八位，较2024年上升一位。 出口的增长为杭州全年外贸进出口增长提供了关键支撑。2025年，杭州外贸进出口总值9069.5亿 元，增长6.1%，占全省外贸进出口总值的16.4%。 排名晋升的背后，是新兴市场开拓、产品结构优化与跨境电商等新动能的强劲驱动。 2025年，杭州对主要新兴市场出口均保持增长。其中，对拉美、中东、非洲分别出口614.6亿元、 507.3亿元、339.2亿元，增长11.2%、15.1%、17.9%，增速均高于全省。同期，杭州对金砖成员国及伙 伴国出口1777.3亿元，增长9.0%；对共建"一带一路"国家出口3207.2亿元，增长14.1%。 2025年，杭州高新技术产品出口1001.1亿元，增长9.9%，领先全市出口增速1.2个百分点，占全市 出口15.5%，占全省高新技术产品出口的30.7%。其中，电动汽车、锂离子蓄电池、光伏产品等"新三 样"产品出口255.7亿元，增长49.9%。 新业态方面，2025年杭州通 ...

Core Insights - The article highlights the significant growth of Chinese automotive brands in overseas markets, with a projected increase in exports from 1 million units in 2020 to 7 million units by 2025, driven by a focus on brand, channel, and localization strategies [2] Company Summaries Chery Automobile - Chery aims for overseas sales of 150,000 to 160,000 units in 2026, building on a record 134.4 million units in 2025, which was a 17.4% increase year-on-year [3] - Overseas sales accounted for 47.8% of total sales in 2025, with plans for further expansion in Southeast Asia, Europe, and Latin America [3] SAIC Motor Corporation - SAIC targets overseas sales of 150,000 units in 2026, a 40% increase from 2025's 107.1 million units [4] - The company has implemented a "Glocal" strategy, focusing on both global and local market needs, with significant sales in Europe and India [4] BYD - BYD's overseas sales reached 1.0496 million units in 2025, a 145% increase, with a target of 1.3 million units for 2026 [5][6] - Growth is driven by new model launches and local production in key markets like Southeast Asia and Europe [6] Changan Automobile - Changan aims for overseas sales of 750,000 units in 2026, up from 637,000 units in 2025, representing a 17.7% growth [7] - The company has established nine overseas factories and is focusing on local production and market penetration [7] Geely Automobile - Geely's overseas sales target for 2026 is 640,000 units, a more than 50% increase from 2025's 420,000 units [8] - The company plans to leverage its partnerships and local production capabilities to enhance its market presence [8] Dongfeng Motor Corporation - Dongfeng targets overseas sales of 600,000 units in 2026, a 103.4% increase from 2025's 295,000 units [9] - The company is focusing on local production and expanding its global sales network [9] Great Wall Motors - Great Wall aims for overseas sales of 600,000 units in 2026, building on 506,000 units in 2025 [10] - The company is expanding its product offerings in various international markets, including Latin America and Europe [10] GAC Group - GAC plans to achieve overseas sales of 250,000 units in 2026, up from over 130,000 units in 2025 [11] - The company is focusing on technological advancements and expanding its service and manufacturing networks [11] Leap Motor - Leap Motor targets overseas sales of 100,000 to 150,000 units in 2026, following a successful entry into international markets [12] - The company has expanded its presence in over 35 international markets with a strong retail network [12]

点击图片▲立即报名 2025年广东省GDP增长3.9% 1月26日，广东省十四届人大五次会议在广州召开。省政府工作报告显示，2025年广东地区生产总值增长3.9%，总量连续37年居全国首位。地 方一般公共预算收入增长3%。货物进出口总额9.5万亿元，增长4.4%，贡献了全国24.1%的增量。服务贸易增长12.5%。实际使用外资增长 11.3%，农林牧渔业总产值增长4.9%。规上工业企业达7.6万家、增加值增长3%。 报告指出，2026年经济社会发展的主要预期目标是：地区生产总值增长4.5%—5%，地方一般公共预算收入增长3%左右，居民收入增长与经济 增长同步。（广州日报） ｜点评｜ 作为全国经济第一大省，在高基数下，去年广东GDP还能实现3.9%的正增长，表现出较强韧性。去年全年，广东继续发挥全国外 贸"压舱石"作用，贡献了近四分之一的外贸增量。实际使用外资增长显著，构成其创新与开放的根基。不过，3.9%的增速略低于全国水平以及 年初预期，广东省经济增长仍面临一定挑战。 当前，广东处于新旧动能转换的关键期，转型阵痛客观存在。房地产深度调整，波及上下游关联行业；全球产业链重构，部分出口加工业面临 下行压力，都对 ...

过去一个月，AI圈热闹得像过年。智谱AI、MiniMax先后在港股敲钟，市值千亿；月之暗面拿下5亿美金融资。就在大家以为"大模型六小虎"的座次排定， 可以消停一阵的时候，阶跃星辰突然发布重磅消息，完成超50亿人民币B+轮融资，一举刷新过去12个月中国大模型赛道单笔最高融资纪录。 本轮参与的机构包括，上国投先导基金、国寿股权、浦东创投、徐汇资本、无锡梁溪基金、厦门国贸、华勤技术、腾讯、启明、五源等。要知道，在2025年 这个融资寒冬里，AI公司想拿钱难于上青天，更别提单笔数十亿的大额融资了。 数据显示，2025年AI模型公司总共完成22笔投资，金额94.16亿元，比2024年明显下滑。能拿到大额融资的，也就智谱AI、MiniMax、月之暗面这几家。阶 跃星辰能在这个时候拿下50亿，说明其价值以及资本市场的信任。 一、中国最低调的AI公司，默默深耕"物理AI" 阶跃星辰成立不到三年，但动作迅速。目前已发布30余款模型，构建起国内最全的基模矩阵，形成了围绕AI+终端的独特"1+2"基模体系。 这个"1+2"怎么理解？"1"是Step 3在内的基座模型，负责打地基；"2"是发力多模态（文字、语音、图像）和端云结合两大 ...

【环球时报驻英国特约记者 纪双城 环球时报记者 丁雅栀】"中国汽车制造商瞄准英国。"英国《金融时报》日前以此为题报道称，蔚来、埃安和 极氪在内的中国车企纷纷计划于今年在英国推出相关车型。报道认为，对于希望拓展海外市场的中国汽车制造商而言，英国市场至关重要，因为 英国并未对中国制造的电动汽车征收更高的关税。此外，由于缺乏本土的大众市场汽车制造商，英国消费者也更容易接受新品牌。 然而，前往英国市场对于中国车企来说也面临一些挑战，比如需要面临特斯拉、大众等欧美电动汽车的激烈竞争。另外，钟师提醒，中国新能源 车出口英国与出口欧洲其他国家并无本质区别，核心挑战仍集中在售后服务与文化融入层面。英国消费者对首次接触的中国品牌服务要求更高， 而日韩车企已在欧洲深耕多年，拥有成熟完善的服务体系，中国车企要想立足，需搭建起高效、到位的售后服务架构；同时，在市场推广、品牌 传播等方面，如何更好地结合当地文化，也是中国车企需要突破的重要课题。 为什么中国汽车厂商瞄准英国市场？汽车行业专家钟师26日接受《环球时报》记者采访时表示，英国脱欧后，其市场准入规则、监管体系及相关 流程已与欧盟形成一定的差异，拥有独立的政策考量和执行路径。此外 ...

Core Viewpoint - The company is a leading player in the domestic automotive brake system market, focusing on the development of intelligent chassis systems, including mechanical brakes, electric control, mechanical steering, and lightweight structural components, aiming for a comprehensive line control chassis solution [2][8]. Product Development - The company has established a comprehensive product layout, transitioning from mechanical components to electronic and intelligent systems, including electronic parking brakes (EPB), electronic stability control (ESC), and line control braking systems (WCBS) [17][26]. - The company has expanded its product offerings to include active suspension systems and has made strategic acquisitions to enhance its capabilities in electric steering systems [3][17]. Client Structure - The client base has evolved from traditional domestic brands like Chery and Geely to include new energy vehicle manufacturers and global partners such as Nissan and Ford, reflecting a shift towards more advanced electric control systems [2][20]. - The company has established a stable client structure with over 50 clients globally, including major players in the automotive industry, and is continuously expanding its international presence [31][34]. Globalization Strategy - The company has implemented a three-pronged internationalization strategy, establishing manufacturing bases in China, Mexico, and Morocco to enhance its global supply chain and reduce costs [36][38]. - The Mexican facility, operational since 2023, aims to produce 4 million parts annually, while plans for a Moroccan facility are set to begin in 2024, targeting the European and North African markets [38][40]. Financial Performance - The company has demonstrated robust revenue growth, with a projected revenue of 128.75 billion yuan in 2025, increasing to 208.31 billion yuan by 2027, alongside a steady rise in net profit [6][40]. - The gross margin is expected to improve as new products scale up, with a focus on enhancing profitability through the integration of advanced technologies [41][44]. Technological Capabilities - The company has built a strong technological foundation, focusing on precision manufacturing, system integration, and the development of advanced electronic control systems, which are critical for the automotive industry's shift towards electrification and automation [46][52]. - Continuous investment in research and development has led to significant advancements in product offerings, including the successful mass production of line control braking systems [65][66]. Future Outlook - The company is positioned to leverage its technological expertise and strategic vision to transition from a domestic leader to a global player in the automotive components sector, particularly in the intelligent chassis and robotics markets [11][14].

Core Viewpoint - The EU's imposition of anti-subsidy tariffs on Chinese electric vehicles (EVs) has been resolved through negotiations, transitioning from a confrontational stance to a cooperative approach that benefits both parties [1][2][22]. Group 1: Tariff Negotiations and Outcomes - In October 2023, the EU initiated an anti-subsidy investigation against Chinese EVs, citing unfair competition due to subsidies [1]. - By January 2024, the EU announced progress in the tariff case, introducing guidelines for price commitments that would allow Chinese EVs to avoid tariffs by setting a minimum price recognized by the EU [3][4]. - The minimum price must eliminate the damaging effects of subsidies, meaning that prices can only increase, not decrease [9][12]. Group 2: Implications for Chinese Automakers - Chinese automakers must comply with strict monitoring requirements, including detailed reporting on vehicle models and sales channels in the EU [14][16]. - To improve their chances of passing EU scrutiny, Chinese companies may need to limit the number of EV imports and specify minimum prices for certain models [17]. - Establishing manufacturing plants in the EU is seen as a beneficial strategy for Chinese companies to enhance local production and employment [18]. Group 3: Competitive Landscape - Despite the added tariffs, Chinese EVs remain competitive in the European market due to their advantages in technology and cost-effectiveness [23][24]. - For instance, the BYD Yuan PLUS sells for over 100,000 yuan in China but is priced at around 40,000 euros (approximately 327,500 yuan) in Germany, still competing effectively against local brands [25]. - The introduction of minimum import prices has shifted the competitive strategy of Chinese automakers towards higher quality and service, rather than solely relying on lower prices [30][41]. Group 4: Challenges for European Automakers - European automakers face significant challenges, with high prices for their EVs making them less attractive to consumers compared to Chinese alternatives [43]. - In 2022, pure electric vehicles accounted for only 12.1% of new car registrations in the EU, with projections showing only a slight increase to 16.9% by 2025 [44]. - Major European manufacturers like Volkswagen are experiencing financial difficulties, with a reported net loss of 1.072 billion euros in Q3 2025 [47][49]. Group 5: Future Cooperation - The EU's approach to setting minimum import prices for Chinese EVs aims to balance market competition and support local manufacturers while allowing for potential collaboration [63][64]. - European automakers are increasingly looking to leverage Chinese production capabilities and technology to enhance their own offerings, as seen with Renault and Volkswagen's strategies [65][68]. - This cooperative framework could lead to a win-win situation for both Chinese and European companies in the EV sector [76].