1月13日，碳酸锂期货价格再度上涨，盘中一度涨至174060元/吨，创2023年10月以来新高。截至收盘， 碳酸锂期货报收166980元/吨。据百科介绍，碳酸锂是制造锂电池正极材料的核心原材料，通过加工成 电池级碳酸锂（纯度≥99.5%）后，用于生产钴酸锂、磷酸铁锂、三元材料等正极活性物质。碳酸锂期 货价格波动，是否会影响电池价格进而影响新能源汽车的价格？ | | | 碳酸锂2605 | | | | | | --- | --- | --- | --- | --- | --- | --- | | | | LC2605 E | | | | | | 166980 | 168000 昨结 升盘 | | 155420 总量 | | 60.82万 | | | | 最高 | 174060 结算 | 167860 现量 | | | 25 | | 11560 7.44% | 最低 | 161540 持仓 | 460281 仓差 | | -46421 | | | 分时 多日 | 日K | 園K | 月K | 周期▼ | | | | 分时图- | | | 卖1 | 167000 | | 75 | | 174060 | | | 11 ...

中国汽车流通协会乘用车市场信息联席分会（以下简称"乘联分会"）近日发布的数据显示，2025年全国 乘用车零售量2374.4万辆，同比增长3.8%；全国乘用车厂商批发量达2955.4万辆，同比增长8.8%。乘用 车全年零售量、批发量双增的背后，新能源乘用车贡献过半。乘联分会方面表示，2025年全国乘用车批 发增速为8.8%，新能源乘用车批发增速达25.2%，圆满实现"十四五"的新能源车市增长预期。 北京商报记者 刘晓梦 除动力形式结构转变外，新势力品牌的地位也不断提升。数据显示，2025年12月，新势力品牌零售份额 为23.5%，同比增长4.9个百分点。其中，自主传统车企的独立新能源汽车品牌"创二代"表现较强，份额 达16.17%，同比增长2.7个百分点。 同时，新能源车型在汽车出口中的比重也同步提升。据统计，2025年12月，乘用车出口（含整车与 CKD）58.8万辆，同比增长46.2%。其中，新能源车出口量占出口总量的46.4%，同比增长15.6个百分 点。在新能源汽车出口中，纯电动车型仍是主要构成。据统计，纯电动车型占新能源汽车出口的 57.9%，而作为主力的A00+A0级纯电动车占纯电动车型出口的68% ...

在宏观经济环境和政策预期的双重影响下，11月国内乘用车市场整体表现承压，且"冷热分化"特征明显。乘联分会最新数据显示，当月国内狭义乘用车市场 零售销量达222.5万辆，同比下降8.1%，环比下降1.1%。值得注意的是，新能源乘用车市场在整体承压的大环境下实现逆势增长，当月销量达132.1万辆，同 比增长4.2%，环比增长3.0%，渗透率突破59%，已成为拉动市场的核心动力。 轿车市场：零售100.7万辆，同比下滑10.0%，环比微降1.5%。其中，新能源轿车占比持续提升，已成为轿车市场的主要增长点。 MPV市场：是当月各细分领域中表现最弱的板块，零售8.6万辆，同比下滑16.8%，环比仅微增1.0%，市场需求相对疲软。 SUV市场：虽然同样面临同比下滑压力，但表现优于轿车和MPV，11月零售113.2万辆，同比下降5.6%，环比下滑0.9%。其中，新能源SUV销量达68.3万 辆，同比增长12.5%，成为SUV市场的中流砥柱。 从车辆用途和用户需求角度来看，SUV市场的相对韧性主要源于其产品力的持续提升。当前主流SUV车型在空间利用率、动力性能、燃油经济性以及智能配 置等方面均有显著进步，能够更好地满足家庭用 ...

北京商报讯（记者 刘晓梦）12月8日，中国汽车流通协会乘用车市场信息联席分会发布的数据显示，今 年11月新能源乘用车市场零售132.1万辆，同比增长4.2%，环比增长3%。 ...

Core Insights - The retail sales of new energy passenger vehicles in November reached 1.321 million units, representing a year-on-year increase of 4.2% and a month-on-month increase of 3.0% [1] - Cumulatively, from January to November, the retail sales of new energy passenger vehicles totaled 11.472 million units, reflecting a growth of 19.6% [1] - In contrast, the retail sales of conventional fuel passenger vehicles in November were 900,000 units, showing a year-on-year decline of 22% and a month-on-month decline of 7% [1] - For the period from January to November, the cumulative retail sales of conventional fuel passenger vehicles amounted to 10.01 million units, indicating a decrease of 6% [1]

三季度，理想汽车两款全新纯电SUV理想i8和理想i6成功上市，目前累计订单突破10万辆，目前正在联 合供应链解决产能问题。在高端市场，理想MEGA表现优异，获得三季度50万元以上纯电动和50万元以 上MPV销量双冠军。理想汽车因10月底主动召回部分2024款理想MEGA车型，免费更换冷却液、动力 电池和前电机控制器，召回成本预提在Q3季报中，因此三季度出现了经营亏损。据悉，MEGA召回导 致理想三季度毛利率为16.3%，剔除后公司整体毛利率为20.4%，利润为正，据此推测理想汽车承担理 想MEGA召回成本达到11亿元。 理想汽车2025年第三季度财报发布，季度营收274亿元，前三季度营收835亿元。季度研发费用30亿元， 全年研发投入预计120亿元。截至三季度末，理想汽车现金储备充裕，达到989亿元。 ...

Group 1: Xiaomi's Financial Performance - Xiaomi reported a revenue of 113.1 billion yuan for Q3, a year-on-year increase of 22.3% [2] - Adjusted net profit reached 11.3 billion yuan, marking an 80.9% year-on-year growth, the highest quarterly level in history [2] - The smartphone segment generated 45.97 billion yuan, a decline of 3.1% year-on-year, contributing 40.6% to total revenue, down from 51.3% a year ago [2] Group 2: Automotive Business Growth - Revenue from Xiaomi's smart electric vehicle business reached 29 billion yuan, a significant increase of 199.2%, accounting for 25.6% of total revenue [2] - The automotive division achieved a quarterly delivery of 108,800 units, a year-on-year increase of 173.4%, with an average selling price of 260,000 yuan, up 9% [3] - Xiaomi aims to deliver over 300,000 vehicles by 2026 and has already delivered over 260,000 units in the first three quarters of the year [3] Group 3: Challenges and Controversies - Xiaomi faces ongoing product lawsuits and safety controversies, including a delayed lawsuit regarding false advertising of the SU7 Ultra model [4] - Safety concerns have arisen following incidents involving the SU7, leading to public criticism regarding the company's focus on aesthetics over safety [4] - Recent changes in the public relations team, including the departure of a long-serving executive, have raised concerns about the company's crisis management capabilities [4] Group 4: New Oriental's Internal Issues - New Oriental's CEO, Yu Minhong, faced backlash from employees regarding an internal letter, leading to a series of social media posts about his trip to Antarctica [6][13] - The company reported a significant revenue decline, with a 32.7% drop in revenue year-on-year, totaling 4.392 billion yuan for the 2025 fiscal year [13] - Internal management issues have been highlighted, particularly following the departure of key personnel and the impact on the company's strategic execution [13][28] Group 5: Suning's Financial Struggles - Suning's restructuring plan has been postponed again, with over 230 billion yuan in debt and assets valued at only 41 billion yuan [15][16] - The restructuring aims to balance debt repayment and corporate revival, with the founder pledging personal assets to support the plan [17] - Suning's financial reports indicate a significant decline in revenue and profit, with a 95.78% drop in net profit for Q3 compared to the previous year [18] Group 6: Gree's Market Position - Gree's new rose air conditioner has sparked controversy, with the company positioning it as an innovative product in the market [20][23] - Despite holding the largest market share in air conditioning, Gree faces intense competition, leading to a slight decline in retail volume and revenue share [20] - Gree's financial performance has shown a decline, with a 6.5% drop in revenue year-on-year for the first three quarters [20]

不久前，极星汽车刚刚关闭了其在中国的最后一家直营门店，转型线上销售。据《次世代车研所》了解，极星汽车目前旗下仅有Polestar4一款车型， Polestar2已停产，Polestar3处于未上市阶段，生产线仍在国内。 截至上周最后一个交易日美股收盘，极星汽车股价大跌16.28%，股价仅约0.5美元，退市在即。据该公司2025年中报，极星汽车营业收入14.23亿美元，归 母净利润-11.93亿美元，同比下滑119.37%，资产负债率高达217.11%，已资不抵债。 在今年6月，吉利控股集团董事长李书福向其注资2亿美元（约合人民币14.2亿元）进行股权投资试图"救火"，彼时极星汽车股价为1.06美元。仅上述这 笔"加仓"投资，李书福5个月时间内浮亏已超50%。 退出中国市场的极星汽车，仍危机四伏。 或也正因销量的连续不景气，今年10月，极星汽车关闭了其位于上海前滩L+Plaza的最后一家直营门店。极星汽车相关负责人对外表示，"极星正在战略性 地调整在华业务模式，以更好地契合中国市场多样化、快速变化的消费需求。零售门店的关闭并不意味着极星将退出中国市场。此次调整不会影响现有极 星车主的任何权益，其他在华业务亦保持 ...

Core Viewpoint - Polestar Automotive, controlled by Geely Holding Group's chairman Li Shufu, has seen a significant decline in stock price, dropping 16.25% on November 12 and an additional 5.97% on November 13, reaching a new low since its reverse merger listing in June 2022 [1] Group 1: Stock Performance - Since its listing, Polestar's stock has decreased by 94.4% over the past three and a half years [2] - The stock price has fallen to $0.6264, marking a record low for the company [1] Group 2: Sales Performance - Polestar, which emerged from Volvo's high-performance division, has struggled in the electric vehicle market, particularly in China, where it has seen a dramatic decline in sales [2] - Global sales figures from 2021 to 2024 show a peak of 54,626 vehicles in 2022, followed by a drop to 44,851 in 2023, and only 163 vehicles sold in the first ten months of this year [2] Group 3: Financial Health - Polestar has reported cumulative losses of nearly $6 billion (approximately 42.4 billion RMB) from 2021 to the first half of this year, with total assets of $3.643 billion and total liabilities of $7.909 billion, indicating insolvency [2] - The company faces a pressing challenge to address the risk of delisting due to its stock price remaining below $1 for an extended period [4] Group 4: Investment Dynamics - Volvo has been reducing its stake in Polestar since last year, while Geely has increased its investment, becoming the largest shareholder [3] - In June, Polestar secured a $200 million equity investment from PSD Investment Limited, controlled by Li Shufu, at a price of $1.05 per share [3] - Despite a 51% year-over-year increase in global sales in the first half of this year, the sales volume remains insufficient to reach breakeven [4]

Group 1: Industry Insights - In October, the wholesale sales of new energy passenger vehicles in China reached 1.61 million units, marking a year-on-year increase of 16% and a month-on-month increase of 7%. Cumulatively, from January to October, the total sales reached 12.054 million units, reflecting a 30% year-on-year growth [1] - The strong market demand for new energy vehicles is evident, with the cumulative sales surpassing 12 million units, indicating increasing consumer acceptance [1] - The overall valuation and market confidence in the new energy vehicle sector are expected to improve, supported by policy backing and infrastructure development, which may enhance market activity [1] Group 2: Company Developments - Changan Automobile's indirect controlling shareholder, China Changan Automobile Group, has completed the transfer of shares, increasing its holding to 35.04%. This restructuring is not expected to significantly impact the company's operations or harm the interests of minority shareholders [2] - The restructuring is seen as a positive move for optimizing Changan Automobile's shareholder structure, potentially boosting market confidence in corporate governance and stability [2] - Geely Automobile is expanding its production capacity by repurposing the former SAIC-GM Beisheng factory to meet the rising demand for its Galaxy model, which has achieved a sales target of one million units ahead of schedule [3] - Geely's strategy to utilize existing resources rather than building new factories reflects a focus on cost control and efficiency, which may set a precedent for resource optimization in the industry [3] Group 3: Market Strategies - Horizon Robotics announced an extension of the purchase tax subsidy for its R7 and new S7 models, allowing customers to benefit from a subsidy of up to 15,000 yuan if the vehicle delivery occurs in 2026 due to reasons beyond the customer's control [4] - This extension aims to alleviate the financial burden on consumers and attract potential buyers who are still undecided, thereby helping the brand maintain stable sales amid market fluctuations [4] - The strategy is expected to enhance market share in a competitive environment for new energy vehicles [4]