1月2日晚间，特斯拉公布去年第四季度交付量为418227辆，同比下降16%，在全球电动 车制造商排名中明显被甩在中国比亚迪身后。 特斯拉在周五发布声明称， 第四季度交付量下降16% 至 418,227辆 ，不仅低于分析师预 期，也未达到公司自身目标。 相比之下，比亚迪无论是季度还是全年，纯电动车销量都实现增长。比亚迪2025年全年交 付接近 226万辆，同比大增近28%； 而特斯拉则为 164万辆 ，约为比亚迪纯电车交付量 的72.6%，较2024年的179万量下滑超8%。 比亚迪在2024年差一点就追平特斯拉之后，去年进一步拉开差距。尽管比亚迪在2024年第 四季度的纯电交付已超过特斯拉，但特斯拉当时全年仍保持着极其微弱的领先优势。此外， 比亚迪在过去两年里，每年还额外卖出了200多万辆插电式混合动力车。 华尔街对特斯拉2026年的销量前景也越来越怀疑。两年前的此时，分析师还预计特斯拉交 付量将超过 300万辆 ；而目前市场平均预期已大幅下调至约 180万辆 。 此外，尽管特斯拉不按地区拆分交付数据，但欧洲汽车制造商协会（ACEA）的数据表明， 特斯拉在2025年于欧洲地区的市场份额下滑。 2025年前11 ...

Group 1 - Tesla reported a fourth-quarter delivery volume of 418,227 vehicles, a 16% year-over-year decline, falling behind BYD in the global electric vehicle market [1][2] - BYD's electric vehicle sales grew significantly, with a total of nearly 2.26 million units delivered in 2025, marking an increase of nearly 28% year-over-year, while Tesla's deliveries were approximately 1.64 million, representing a decline of over 8% from 2024 [2][3] - Analysts have expressed skepticism about Tesla's sales outlook for 2026, with average market expectations dropping from over 3 million units two years ago to around 1.8 million units currently [4] Group 2 - Tesla's market share in Europe has declined, with new car registrations falling by 39% in the first 11 months of 2025, while BYD's registrations surged by 240% [4] - The introduction of a cheaper version of the Model Y in October may help Tesla regain some market share in emerging markets, despite facing strong competition from Chinese manufacturers [6] - Tesla's CEO Elon Musk has shifted focus to the development of the Robotaxi service, which aims to achieve fully autonomous driving without a safety supervisor, although current consumer access to such services remains limited [6][8]

特斯拉第四季度交付量同比下降16%，至418,227辆，预估为440907辆。相比之下，比亚迪在第四季度 和全年电池电动车销量均实现增长，全年交付接近226万辆电动车，而特斯拉为164万辆。 $特斯拉 (TSLA.US)$ 去年的汽车销量下降了8.6%，使其在全球电动车制造商排名中明显落后于中国的 $比亚迪股份 (01211.HK)$ （BYD）。 特斯拉在周五发布的声明中表示，第四季度交付量同比下降16%，至418,227辆，预估为440907辆。特 斯拉四季度交付量低于媒体调查的分析师预期以及公司自身目标。 相比之下，比亚迪在第四季度和全年电池电动车销量均实现增长，全年交付接近226万辆电动车，而特 斯拉为164万辆。 马斯克通过大力宣传其长期推进的自动驾驶出租车（robotaxi）业务进展，将外界注意力从特斯拉不断 下滑的销量上转移开来。不过，尽管公司在年底开始进行无人驾驶测试，目前消费者只能在美国奥斯汀 和旧金山湾区，从数量有限的车辆中叫车，而且前排仍配有安全监督员。 比亚迪在去年进一步拉开了与特斯拉的差距。此前在2024年，比亚迪在整体表现上仅略逊于特斯拉。虽 然比亚迪在当年第四季度交付的纯电动车数 ...

Core Viewpoint - The public fund market in China has reached a significant milestone, surpassing 37 trillion yuan in total assets, driven by strong growth in the ETF market and a continuous upward trend in public fund sizes over the past eight months [2][3][7]. Group 1: Public Fund Market Growth - As of November 2025, the total net asset value of public funds in China reached 37.02 trillion yuan, marking a historic breakthrough [3]. - The public fund market has shown a consistent upward trend, crossing key thresholds of 34 trillion, 35 trillion, and 36 trillion yuan throughout the year [3]. - The dominant segment within the public fund market is the money market fund, which holds 15.19 trillion yuan, followed by bond funds at 10.52 trillion yuan [4][5]. Group 2: ETF Market Expansion - The ETF market has experienced explosive growth, with the number of products reaching 1,391 and total assets surpassing 6 trillion yuan by the end of 2025, representing a year-on-year increase of 32.98% in product count and 61.66% in total assets [7][8]. - The growth of the ETF market has significantly outpaced the overall public fund market, with an increase of approximately 2.3 trillion yuan in 2025 alone [7]. - Since its inception in 2004, the ETF market has evolved from a nascent stage to a crucial component of the capital market, particularly accelerating since 2020 [7]. Group 3: Future Investment Trends - Looking ahead to 2026, artificial intelligence is anticipated to be a central theme in the market, with expectations of a "structural bull" market in A-shares [9][10]. - Key investment opportunities are expected in sectors such as autonomous driving, AI applications, and non-ferrous metals, while traditional sectors like consumer goods and liquor require close monitoring of policy changes [10][11]. - Analysts suggest that the semiconductor sector remains promising, driven by ongoing demand for AI-related chips and advancements in technology [10][11].

格隆汇12月31日丨创元科技(000551.SZ)在互动平台表示，公司控股子公司苏州轴承生产的滚针轴承产 品已应用于汽车领域，其中包括部分无人驾驶相关系统。目前，该类产品在公司整体营业收入中的占比 较小，尚未形成大规模收入贡献。苏州轴承将持续关注无人驾驶等新兴技术的发展趋势，并积极拓展高 端应用场景。 ...

（记者 王晓波） 每经AI快讯，有投资者在投资者互动平台提问：公司及子公司有没有产品能应用到无人驾驶？ 创元科技（000551.SZ）12月31日在投资者互动平台表示，公司控股子公司苏州轴承生产的滚针轴承产 品已应用于汽车领域，其中包括部分无人驾驶相关系统。目前，该类产品在公司整体营业收入中的占比 较小，尚未形成大规模收入贡献。苏州轴承将持续关注无人驾驶等新兴技术的发展趋势，并积极拓展高 端应用场景。 ...

沪指缩量上涨0.09%录得K线11连阳、创指跌超1%，商业航天概念再度爆发。锋龙股份、大业股份6连板，泰尔股份5连板，一图看懂>> 日 西安 W F I ( ) | 日 | T X TAL CON X I 注于星上实时处理、雷达信号处理等领域的自主芯片研发，已完成星上光学選感图像处 理芯片、SSD 安全存储控制芯片等研发,且其 eMMC 存储控制器芯片实现 100% 国 产化闭环并在民用市场批量出货 烽火通信 公司拟与联通战新基金、湖北省引导基金等共设湖北烽火创业投资基金,围绕光通信、 半导体、商业航天等新一代信息技术投资布局 顺灏股份 公司持有北京轨道辰光科技19.30%股份,标的主要业务是通过将第力卫星发射至晨昏 轨道,组建太空数据中心,为客户提供算力服务。 长江通信 5天3板 低轨卫星通信是公司重点开拓的新行业之一,公司背靠中国信科,其在星地融合标准制 定上发挥了突出的贡献,自R18开始首次实现中国在3GPPNTN的标准立项,目前已累 计牵头16项,是全球牵头卫星NTN立项最多的公司 乐凯胶片 中国航天科技集团旗下,2025年公司占据航空遥感胶片市场65%份额,军工采购领域 占比达41%,仍是国内航天感 ...

Core Viewpoint - The overall safety situation in China's mining industry has improved, with a 6.1% year-on-year decrease in the number of fatalities from mining accidents in 2023 [1]. Group 1: Safety Performance - The National Mine Safety Administration reported that all operational coal mines and 354 open-pit metal and non-metal mines with a height of 150 meters or more are now connected to data monitoring systems [1]. - In 2023, the administration urged local governments to investigate 306 cases of concealed accidents and conducted special oversight on 14 typical accidents, with 9 of these receiving elevated investigation status [3]. - The number of internal safety hazard reports from mining companies exceeded 730,000, leading to over 61 million yuan in internal rewards for addressing these hazards [3]. Group 2: Technological Advancements - The State Council has issued guidelines to accelerate the development and application of intelligent safety production scenarios in mining [5]. - The focus will be on enhancing safety management through the integration of new technologies such as industrial internet, artificial intelligence, autonomous driving, and robotics into traditional mining operations [5].

联创电子所属申万行业为：电子-光学光电子-光学元件。所属概念板块包括：激光雷达、光学、 OLED、MR混合现实、无人驾驶等。 截至12月19日，联创电子股东户数10.59万，较上期减少3.49%；人均流通股9946股，较上期增加 3.61%。2025年1月-9月，联创电子实现营业收入64.89亿元，同比减少16.20%；归母净利润5092.02万 元，同比增长210.26%。 分红方面，联创电子A股上市后累计派现2.74亿元。近三年，累计派现966.23万元。 机构持仓方面，截止2025年9月30日，联创电子十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股2357.66万股，相比上期增加562.68万股。南方中证1000ETF（512100）位居第四大流通股 东，持股969.17万股，相比上期减少19.16万股。华夏中证1000ETF（159845）位居第五大流通股东，持 股575.72万股，相比上期减少1.17万股。广发中证1000ETF（560010）位居第八大流通股东，持股 446.30万股，相比上期减少18.24万股。 12月31日，联创电子盘中上涨2.08%，截至14:02，报10.8 ...

港股频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 12月31日，延续昨日涨势，百度今日继续走强，盘中一度涨2%至132.3港元，创10月9日以来新高。 消息面上，美国叫车平台Uber和Lyft宣布，已经与百度达成合作协议，计划明年在英国推出无人驾驶的士(Robotaxi)试点计 划。 ...