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保时捷变招,大力发展混动车型而非纯电动汽车
汽车商业评论· 2025-05-22 13:23
Core Viewpoint - Porsche is adjusting its electric vehicle (EV) strategy due to slowing demand in the luxury car segment, indicating that the ambitious goal of launching over 80% electric sports cars by 2030 may not be realistic given current market trends [3][5][7]. Group 1: Strategic Adjustments - The company plans to balance its production strategy between fuel vehicles, hybrid vehicles, and electric sports cars, acknowledging that the transition to electric vehicles may take longer than initially expected [3][7]. - Porsche's strategic shift is expected to result in an additional loss of €1.3 billion in the fiscal year 2025, alongside a plan to cut approximately 3,900 jobs by 2029 [7][9]. - The CEO highlighted the need for a flexible approach to production in response to market developments, emphasizing that the company is currently restructuring around a target of 250,000 units per year [5][9]. Group 2: Market Challenges - Porsche's first-quarter 2025 revenue was €8.86 billion, a 1.7% year-over-year decline, with a significant drop in sales profit by 40.6% to €760 million [9]. - The company faced a 42% decline in deliveries in the Chinese market, which is its largest market, while European markets also saw declines of 10% and 34% [9][11]. - The CEO acknowledged the challenges posed by tariffs in the U.S. and a significant downturn in the Chinese market, describing the current situation as a "fierce storm" [11][28]. Group 3: Product Development - Porsche is expanding its product line to include more models equipped with fuel and plug-in hybrid systems alongside electric models, with plans for a new SUV series expected to launch by the end of the decade [16][18]. - The electric versions of the 718 models have faced delays, now expected to launch in 2027 due to supply chain issues with high-performance batteries [20][22]. - The Cayenne series will see both fuel and electric versions available, with the electric version set to launch later this year [18][24]. Group 4: Leadership and Governance - The dual role of the CEO, managing both Porsche and its parent company Volkswagen, has come under scrutiny from investors, who are concerned about the impact on independent management [26][28]. - Investors are urging the CEO to focus on one company amid pressures from declining stock prices and challenges in key markets [28].
飙涨169%,比亚迪4月欧洲纯电车销量首次击败特斯拉!特斯拉一季度欧洲销量大跌45%,马斯克:未来5年仍将任特斯拉CEO
Mei Ri Jing Ji Xin Wen· 2025-05-22 11:50
财报显示,特斯拉一季度收入193.4亿美元,同比下降9%,远低于华尔街投行一致预期。特斯拉一季度净利润为4.09亿美元,同比暴跌71%。 汽车业务方面,特斯拉一季度收入约140亿美元,同比下降20%。交付数据方面,特斯拉总汽车交付量为33.67万辆,同比下降13%,其中Model 3 和 Model Y交付量同比下降12%,其他车型交付量降幅达24%。 2025年4月,比亚迪累计销量380089辆,同比增长21.3%,其中乘用车销售372615辆,同比增长19.4%。 每经编辑|张锦河 据智通财经5月22日消息,比亚迪在欧洲销售的电动汽车数量首次超过特斯拉,超越了这个长期主导欧洲电动汽车市场的美国品牌。根据市场研究 公司Jato Dynamics的数据,比亚迪4月新增电动汽车登记销量7,231辆。与去年同期相比,增长了169%,使比亚迪跻身电动汽车销量前十大品牌之 列。特斯拉的登记销量则大跌49%,排名倒退一位。若将插电式混合动力车纳入统计,比亚迪相比特斯拉的销量优势更为明显。Jato数据显示,这 家中国车企的总销量跃升了359%。 当地时间20日,特斯拉首席执行官马斯克在多哈经济论坛上发表讲话表示,他仍将在 ...
高合复活:出资1亿美元 黎巴嫩商人成为高合汽车老板
Core Viewpoint - High合汽车 is undergoing significant changes, including a new investment from Lebanese capital and a return to production, while facing financial difficulties and restructuring efforts [1][5][7]. Group 1: Company Developments - High合汽车's Yancheng factory has initiated environmental assessments for resuming production, maintaining a capacity of 150,000 units [1]. - The company is refunding customers who paid deposits but have not received their vehicles [1]. - Employees who did not sign voluntary resignation agreements are allowed to return, but their salaries will be reduced to 80% [1]. - High合汽车 has completed changes in its business registration, with a new legal representative, Jihad Mohammad, and a registered capital of approximately $143 million [1]. Group 2: Investment and Ownership - EV Electra Ltd., a Lebanese company founded by Jihad Mohammad, has become a significant stakeholder in High合汽车, holding 69.8% of the shares [1][5]. - EV Electra aims to produce electric vehicles and has plans for expansion in Europe and Asia, including a recent acquisition of Detroit Electric shares [5]. - The company has faced controversies, including allegations of cryptocurrency fraud and vehicle design theft [5]. Group 3: Financial Challenges - High合汽车's parent company, 华人运通, has entered bankruptcy pre-restructuring due to an inability to repay debts, with a reported liability of 15.781 billion yuan [7]. - The company is seeking to attract investment and restore production through the restructuring process [7]. - Previous attempts to secure partnerships or acquisitions from other automotive companies have not materialized [6].
丰田重建在美EV战略,特斯拉失速带来良机
3 6 Ke· 2025-05-20 09:38
Core Points - Toyota is restructuring its electric vehicle (EV) strategy in the U.S., planning to expand its product lineup from 2 to 5 models by 2025, indicating a strong commitment to the U.S. market [2][3] - The new branding strategy will involve renaming its EV models to "bZ" in the U.S. to enhance market recognition and simplify marketing efforts [3][5] - The introduction of the "bZ Woodland," a four-wheel-drive EV developed in collaboration with Subaru, is part of Toyota's strategy to cater to the American market [5] Product Expansion - Toyota will launch 5 EV models in the U.S. by 2025, doubling its current offerings, and will also introduce a small SUV EV "C-HR" that has already been released in Europe [3][5] - The luxury brand Lexus will add 2 new EV models starting in the second half of 2025, with pricing to be announced at launch [5] - New EVs will feature advanced lithium-ion batteries with a range increase of up to 25% and improved charging convenience, including compatibility with Tesla's charging standard [5] Market Context - The U.S. EV market is currently growing slowly, with EVs accounting for only 8% of new car sales, despite previous government plans to increase this to 50% by 2030 [6] - Tesla's market share has declined from 80% to below 50%, creating opportunities for other automakers like Toyota [8] - Toyota's EV sales share in the U.S. is currently only 3%, lagging behind competitors like General Motors and Hyundai [8] Production Challenges - Currently, Toyota does not produce EVs in the U.S., with plans to start local production only after 2026, which raises concerns about tariffs and supply chain logistics [9] - The new "bZ" models will be produced in Japan, with battery exports also coming from Japan [9] - Toyota aims to develop and produce products suited for local consumers in the U.S. in the long term, which could mitigate tariff risks [9] Long-term Outlook - Despite the slow adoption of EVs in the U.S., there is a consensus that EVs will become mainstream globally, with projections of 31.76 million EVs sold worldwide by 2030 [9] - Toyota plans to launch approximately 15 self-developed EVs globally by 2027 and diversify its production bases outside of Japan and China [9]
福特 F-150 Lightning 成功超越特斯拉 Cybertruck,成为 2025 年第一季度美国最畅销电动皮卡
Xin Lang Cai Jing· 2025-05-17 23:48
Core Insights - Ford's F-150 Lightning has surpassed Tesla's Cybertruck to become the best-selling electric pickup truck in the U.S. as of Q1 2025 [1][3] Sales Performance - In March 2025, Ford registered 2,598 units of the F-150 Lightning, while Tesla registered 2,170 units of the Cybertruck [3] - Total registrations for the F-150 Lightning in Q1 2025 reached 7,913 units, compared to 7,126 units for the Cybertruck [3] Market Position - The Cybertruck, which initially became the best-selling electric pickup truck after its 2023 launch, has now dropped to the ninth position in sales [3] - Despite the decline in Cybertruck sales, Tesla maintains a significant presence in the U.S. electric vehicle market with its Model S, 3, X, and Y [3] Competitive Landscape - Other electric pickup models are also gaining traction, with Chevrolet Silverado EV and GMC Sierra EV selling 2,383 and 1,249 units respectively in Q1 2025, while Rivian's R1T sold 1,727 units [3] - The competition in the electric pickup segment is expected to intensify with the introduction of new models from various manufacturers [3]
专访ACCA白容:中国创新为世界带来巨大机遇
Sou Hu Cai Jing· 2025-05-16 02:45
5月15日,特许公认会计师公会(ACCA)全球行政总裁白容(Helen Brand)接受了记者的专访。她表 示,中国在经济领域成为世界的引领者,中国过去是、现在是并且将持续成为全球经济中极为重要的组 成部分,是全球经济体系中不可或缺的一环。中国在技术领域的创新为世界带来了巨大机遇,ACCA将 找到合适机制来培育并促进创新发展。 当日,由市委金融办牵头搭建的服务北京全球高端专业服务机构平台正式启动,平台汇聚了金融、财 会、法律、知识产权、人力资源、咨询、地产服务、评级评估和可持续发展国际合作等十大领域的近70 家成员单位,将为在京金融机构及其企业客户精准对接专业服务资源,ACCA在平台财务领域成员小组 中担任牵头单位。 记者:潘福达 白容介绍,平台将借鉴国际先进经验,整合全球顶级专业服务资源,在北京产业发展和吸引投资方面发 挥重要作用,ACCA计划开展人才培养项目等专业服务,更好满足北京对于高端财会专业人才的需求。 具体来说,ACCA持续完善专业资格认证,与各大高校的合作伙伴紧密协作,在北京与北京国家会计学 院展开合作,专注于培养北京地区的高端人才。 "人工智能在教育与培训方面的潜力尚未得到充分挖掘,因此,我们 ...
碳酸锂:累库格局难反转,偏弱走势或延续
Guo Tai Jun An Qi Huo· 2025-05-16 02:01
2025 年 5 月 16 日 碳酸锂:累库格局难反转,偏弱走势或延续 | | | 邵婉嫕 | | 投资咨询从业资格号:Z0015722 | | | shaowanyi@gtht.com | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 刘鸿儒(联系人) 期货从业资格号:F03124172 | | | | liuhongru@gtht.com | | | | 【基本面跟踪】 | | | | | | | | | | 碳酸锂基本面数据 | | | | | | | | | | | | T | T-1 | T-5 | T-10 | T-22 | T-66 | | | | 2507合约(收盘价) | 64,120 | -1,080 | -160 | -2,840 | -6,760 | -13,680 | | | | 2507合约(成交量) | 230,077 | -147,448 | -79,207 | 84,342 | 190,991 | 225,382 | | | | 2507合约(持仓量) | 289,360 | 12,404 ...
国泰君安期货所长早读:鲍威尔表示美联储正调整货币政策框架-20250516
Guo Tai Jun An Qi Huo· 2025-05-16 01:42
1. Report Industry Investment Ratings No industry investment ratings are provided in the report. 2. Core Views of the Report - Fed Chair Powell is re - evaluating the "key parts" of the 2020 monetary policy framework, and long - term interest rates may rise [7][18][24]. - The rebound in the crude oil market may not be over, but the expected US - Iran peace talks have weakened the upside space. It is recommended to hold long positions and positive spreads lightly [8]. - Soda ash is expected to be volatile and slightly stronger in the short term but still face pressure in the medium term [10]. 3. Summary by Related Catalogs 3.1 Gold and Silver - **Core View**: Gold has broken below the support level, and silver is oscillating downward [13][19]. - **Fundamentals**: Gold and silver prices showed different trends in the day and night sessions, with changes in trading volume, open interest, and inventory. The trend strength of both is - 1 [18][22]. - **News**: The Fed's adjustment of the monetary policy framework, US economic data such as PPI and retail sales, and international political and economic events [18][23]. 3.2 Copper - **Core View**: Copper lacks a clear driver and its price is oscillating [13][24]. - **Fundamentals**: Copper prices had fluctuations in the day and night sessions, with changes in trading volume, open interest, and inventory. The trend strength is 0 [24][26]. - **News**: The Fed's policy adjustment, US economic data, and news about copper imports and mining projects [24][26]. 3.3 Aluminum and Alumina - **Core View**: Aluminum is in a range - bound oscillation, and alumina continues to rebound [13][27]. - **Fundamentals**: There were changes in the prices, trading volumes, open interests, and inventory of aluminum and alumina. The trend strength of both is 0 [27][29]. - **News**: Spot alumina transactions in Henan [27]. 3.4 Zinc - **Core View**: Zinc prices are adjusting downward [13][30]. - **Fundamentals**: Zinc prices declined, with changes in trading volume, open interest, and inventory. The trend strength is - 1 [30][31]. - **News**: US economic data [31]. 3.5 Lead - **Core View**: Lead is in a range - bound adjustment [13][33]. - **Fundamentals**: Lead prices had slight changes, with changes in trading volume, open interest, and inventory. The trend strength is 0 [33][34]. - **News**: US economic data [34]. 3.6 Tin - **Core View**: Tin is oscillating in a narrow range [13][36]. - **Fundamentals**: Tin prices had minor fluctuations, with changes in trading volume, open interest, and inventory. The trend strength is - 1 [37][41]. - **News**: The Fed's policy adjustment, US economic data, and international political and economic events [38]. 3.7 Nickel and Stainless Steel - **Core View**: News has affected market sentiment for nickel, but the fundamentals have changed little. For stainless steel, inventory has slightly decreased at a high level, and the short - term recovery may not be significant [13][42]. - **Fundamentals**: There were changes in the prices, trading volumes, open interests, and inventory of nickel and stainless steel. The trend strength of both is 0 [42][46]. - **News**: Indonesia's adjustment of nickel product resource tax rates, Canada's potential nickel export policy change, and the progress of nickel - related projects [42][45]. 3.8 Lithium Carbonate - **Core View**: The pattern of inventory accumulation in the lithium carbonate market is difficult to reverse, and the weak trend may continue [13][47]. - **Fundamentals**: Lithium carbonate futures prices declined, with changes in trading volume, open interest, and inventory. The trend strength is 0 [47][49]. - **News**: The price increase of battery - grade lithium carbonate and the growth of the global electric vehicle market [48][49]. 3.9 Industrial Silicon and Polysilicon - **Core View**: Industrial silicon has a weak fundamental situation and the disk has a downward drive. Polysilicon's downstream prices continue to fall, and the disk is weak [13][50]. - **Fundamentals**: There were changes in the prices, trading volumes, open interests, and inventory of industrial silicon and polysilicon. The trend strength of both is - 1 [50][52]. - **News**: Lian Sheng Technology's major asset restructuring [51]. 3.10 Iron Ore - **Core View**: Short - term positive factors for iron ore have been realized, and the upward drive has slowed down [13][53]. - **Fundamentals**: Iron ore prices declined slightly, with changes in trading volume, open interest, and inventory. The trend strength is - 1 [54]. - **News**: China's M2 data [54]. 3.11 Rebar and Hot - Rolled Coil - **Core View**: Both rebar and hot - rolled coil are in wide - range oscillations [13][56]. - **Fundamentals**: Rebar and hot - rolled coil prices had minor fluctuations, with changes in trading volume, open interest, and inventory. The trend strength of both is 0 [56][58]. - **News**: Steel production data from the China Iron and Steel Association, steel production, inventory, and demand data from Shanghai Steel Union, and China's loan and money supply data [56][58]. 3.12 Ferrosilicon and Silicomanganese - **Core View**: Ferrosilicon has concentrated production cuts in major producing areas and is in wide - range oscillations. Silicomanganese's raw material prices continue to rise, and it is also in wide - range oscillations [13][60][61]. - **Fundamentals**: There were changes in the prices, trading volumes, open interests, and inventory of ferrosilicon and silicomanganese. The trend strength of both is 0 [60][63]. - **News**: Price changes and production cuts in the ferrosilicon and silicomanganese markets [60]. 3.13 Coke and Coking Coal - **Core View**: Both coke and coking coal are in wide - range oscillations due to the decline in hot metal production [13][64][65]. - **Fundamentals**: Coke and coking coal prices declined, with changes in trading volume, open interest, and inventory. The trend strength of both is 0 [65][68]. - **News**: Price and inventory data of coke and coking coal [65]. 3.14 Steam Coal - **Core View**: Steam coal inventories in mines are increasing, and the price is oscillating weakly [13][69]. - **Fundamentals**: Steam coal had no trading on the previous day, with price and inventory information. The trend strength is 0 [69][71]. - **News**: Steam coal prices in domestic and foreign ports [70]. 3.15 Logs - **Core View**: Logs are oscillating repeatedly [13][72].
国际投行上调中国股票评级 外资机构分析师认为 风险偏好抬升有望推动更多资金流入A股
中美经贸会谈为全球经济纾压增添信心,外资机构集中发声彰显对中国资产的"看多"热情。5月13日, 摩根大通上调了对2025年中国经济增速的预测,瑞银在最新报告中认为,中国经济增长预期有望改善。 资本市场方面,野村将中国股票评级从中性上调至战术超配,成为本周上调中国股票评级的首家华尔街 大行。 野村上调中国股票评级至战术超配 对宏观经济的乐观看法也传导至资本市场。虽然短期外部环境的不确定性仍可能引发市场波动,但外资 机构分析师们越来越乐观地认为,风险偏好的抬升有望推动更多资金流入中国股市。富达国际亚太区投 资总监斯图尔特·朗布尔(Stuart Rumble)直言:"对市场来说是一个积极信号,有助于恢复市场信心。" 中国经济增长预期改善 具体来看,摩根大通中国首席经济学家兼大中华区经济研究主管朱海斌在周二的报告中,上调了对中国 2025年GDP增速的预测。 瑞银亚洲经济研究主管及首席中国经济学家汪涛于同日发表观点称,中国经济增长预期有望改善。她表 示:"外部不确定性仍存,但未来贸易政策变化对中国GDP增长的影响可能小于我们此前基准情形的估 算。同样,2025年中国整体出口表现可能好于之前的预测。" 汪涛认为,全年人 ...
法拉利正将在华销量希望寄托于全新纯电超跑
Guan Cha Zhe Wang· 2025-05-12 08:57
Group 1 - Ferrari aims to revitalize its sales in the Chinese market with the launch of its first all-electric supercar, Elettrica, expected in October [1][3] - The Elettrica will be subject to a 30% composite tax rate in China, significantly lower than the nearly fourfold tax burden on current 12-cylinder models, which includes import, consumption, and value-added taxes [3][6] - Ferrari's CEO, Benedetto Vigna, indicated that a new model tailored for the Greater China market will be introduced this year, which is expected to improve market conditions [3][6] Group 2 - Since 2022, Ferrari's sales in China have stagnated, with a 25% decline in shipments in Q1, reaching a four-year low, largely due to competition from local high-end manufacturers [6] - Despite the challenges, Ferrari's reliance on the Chinese market is relatively low, with only about 10% of total shipments directed to China, partly due to high import duties on vehicles with engine displacements over 4L [6] - The company is considering revising its export limitations to China as it enters the electric vehicle market, which could enhance its competitiveness due to the exemption of consumption tax on electric vehicles in China [6][8] Group 3 - The Elettrica will be produced in a dedicated electric vehicle factory known as "E-Building," and it will be the electric version of Ferrari's first SUV, Purosangue [8] - Ferrari is exploring unique sound characteristics for its electric vehicles, with specific sounds already patented, ensuring that each model will have its distinct auditory identity [8]