Core Viewpoint - The European automotive parts supply industry is facing severe challenges, with over 100,000 job losses reported, and the situation is expected to worsen in the coming years due to multiple pressures including declining profitability and increased competition from Chinese suppliers [3][6][11]. Group 1: Job Losses and Industry Impact - The European automotive parts suppliers association (Clepa) reported that over 100,000 people have lost or are about to lose their jobs in the automotive supply chain, with 50,000 layoffs announced for 2025 alone, adding to 54,000 recorded in 2024, totaling 104,000 job losses in two years [3][6]. - Major companies like Bosch and ZF are making significant layoffs, with Bosch planning to cut 13,000 jobs by 2030 due to a €2.5 billion annual cost gap, leading to employee protests [6][8]. - The job market is severely impacted, with only 7,000 new positions expected in 2025, which is insufficient to offset the over 50,000 layoffs, highlighting a stark contrast between job losses and new job creation [8][12]. Group 2: Industry Challenges - The automotive parts industry is experiencing a decline in profitability, with conditions worsening since 2023 after reaching a peak in 2021-2022, driven by reduced profit margins for manufacturers and increased capital expenditures for electric vehicles [11][12]. - High energy and labor costs in Europe are forcing manufacturers to cut jobs and shift investments to lower-cost regions, exacerbating the industry's challenges [11][12]. - The industry is caught in a vicious cycle of declining demand, excess capacity, and layoffs, with a significant drop in local market demand further complicating the situation [12][14]. Group 3: Competitive Landscape - Chinese suppliers are increasingly competing in the European market, leveraging cost advantages to gain market share, which has led to a trade deficit in automotive parts for the first time in 2025 [14][15]. - The shift in trade dynamics is stark, with Europe previously exporting €7 billion more in traditional automotive parts to China than it imported five years ago, now facing a reversal [14][15]. Group 4: Policy and Strategic Responses - European policymakers are urged to implement measures to restore fair competition and reduce operational costs to support the struggling automotive supply sector [15][17]. - Some suppliers advocate for local content requirements for automotive parts sold in the EU to enhance competitiveness, with France pushing for a 75% localization rate for electric vehicle components [15][17]. Group 5: Emerging Opportunities - Despite the challenges, there are emerging opportunities for European suppliers to support local production for Chinese automotive manufacturers, who are localizing their supply chains to reduce tariffs and better serve the market [18][22]. - The increase in defense spending in Europe is expected to create additional demand for automotive parts, presenting new avenues for growth [18][22].

1月14日，中国证券报记者从中国汽车工业协会月度信息发布会上获悉，2025年，中国汽车产销累计完 成3453.1万辆和3440万辆，产销量再创历史新高，连续17年稳居全球第一。新动能加快释放，新能源汽 车产销量均超1600万辆。 中汽协副秘书长陈士华表示，在刚刚过去的2025年，汽车行业继续展现出强大的发展韧性和活力，多项 指标再创新高，实现了在"十四五"时期的圆满收官。我国汽车行业的产销规模均超过3400万辆，营业收 入突破10万亿元，出口跻身世界第一，电动化与智能化、网联化加速融合，形成产业领先优势。 实现超预期增长 陈士华介绍，2025年，汽车行业顶住贸易保护和全球产业链重构等外部压力，克服技术攻关难题、行 业"内卷"等多重挑战，展现出强大的发展韧性和活力，实现了产业规模与发展质量双提升。 中汽协数据显示，2025年汽车产销分别完成3453.1万辆和3440万辆，同比分别增长10.4%和9.4%，高于 去年年初预期。 对此，中汽协分析称，2025年"两新"政策加力扩围，实现平稳过渡与有序衔接，企业新品密集上市，终 端需求持续释放，全年汽车产销实现超预期增长。 2025年，乘用车市场稳健增长，作为汽车消费 ...

Group 1 - The U.S. stock market saw a collective decline, with the Dow Jones down 0.08%, Nasdaq down 1%, and S&P 500 down 0.53%. Major tech stocks like Oracle and Broadcom fell over 4%, while Intel rose over 3% [4] - The Federal Reserve's Beige Book indicated that 8 out of 12 Federal Reserve districts experienced slight to moderate economic growth, with a slightly optimistic outlook for future activity [4] - International oil prices saw a significant drop, with WTI crude oil down 1.61% to $59.95 per barrel and Brent crude down 1.53% to $64.47 per barrel [4] Group 2 - The Ministry of Finance, the State Taxation Administration, and the Ministry of Housing and Urban-Rural Development announced a tax refund policy for individuals selling their homes and purchasing new ones within a year, effective from January 1, 2026, to December 31, 2027 [6] - A meeting was held by the Ministry of Industry and Information Technology to address the issue of "price wars" in the new energy vehicle industry, emphasizing the need for fair competition and quality-driven innovation [7] - The Ministry of Finance conducted a video conference to promote a package of policies aimed at boosting domestic demand through fiscal and financial collaboration [8] Group 3 - Canadian Prime Minister Carney arrived in Beijing for his first official visit to China in eight years [9] - Shanghai's government announced a plan to implement key technology research projects in the field of autonomous driving, focusing on the development of advanced hardware and software solutions [9] - The People's Bank of China will conduct a 900 billion yuan reverse repurchase operation to maintain liquidity in the banking system [10] Group 4 - Ctrip announced it will cooperate with regulatory authorities regarding an investigation into alleged monopolistic practices [15] - Guangzhou Cha Li Group addressed reports of a 200 million yuan salary arrears, stating that most employee salaries have been paid, and they are working on settling outstanding payments for former employees [16] - Boeing reported that it secured nearly 1,200 commercial aircraft orders in 2025, surpassing Airbus for the first time since 2018 [17] Group 5 - Huawei is projected to reclaim the top position in China's smartphone market by 2025, according to IDC, with total shipments expected to be around 285 million units, a slight decline of 0.6% year-on-year [20] - Haidilao announced a change in CEO, with founder Zhang Yong returning to the role, indicating a strong intent to address challenges faced by the company [28]

电动化技术持续进阶、前沿技术加快应用、反内卷措施先后落地……我国汽车产销量持续增长。亮眼成 绩单，折射出我国经济顶压前行、向新向优发展的强大韧性和澎湃动能。 近千台工业机器人组成"钢铁森林"，在自研数字化底座和AI视觉"天眼"加持下，实现冲压精度1.8微 米、焊装自动化率100%……走进51秒下线一台整车的比亚迪深汕工厂，紧张有序的生产场景映入眼 帘。 "方程豹钛7上市80天，累计销量突破5万台，成交均价超21万元，2025年12月销量超过3.4万台。"方程 豹汽车总经理熊甜波说。 高效的智能制造体系、强大的本土供应链能力、快速的技术迭代、密集投放的高竞争力新产品，叠加政 策组合效应下汽车内需有效释放，推动我国汽车产销量持续增长。我国汽车产销连续3年保持3000万辆 以上规模，连续17年稳居全球第一。 核心阅读 领先的电动化技术同样推动我国新能源汽车出口再上新台阶，2025年出口261.5万辆，同比增长1倍。其 中，新能源乘用车出口253.2万辆，同比增长1倍；新能源商用车出口8.3万辆，同比增长86.8%。 发力智能化，自动驾驶迈向"量产应用" 研发投入高达100亿元，基于"算力+算法+数据"的强大优势，华 ...

● 本报记者 李嫒嫒 1月14日，中国证券报记者从中国汽车工业协会月度信息发布会上获悉，2025年，中国汽车产销累计完 成3453.1万辆和3440万辆，产销量再创历史新高，连续17年稳居全球第一。新动能加快释放，新能源汽 车产销量均超1600万辆。 中汽协副秘书长陈士华表示，在刚刚过去的2025年，汽车行业继续展现出强大的发展韧性和活力，多项 指标再创新高，实现了在"十四五"时期的圆满收官。我国汽车行业的产销规模均超过3400万辆，营业收 入突破10万亿元，出口跻身世界第一，电动化与智能化、网联化加速融合，形成产业领先优势。 实现超预期增长 陈士华介绍，2025年，汽车行业顶住贸易保护和全球产业链重构等外部压力，克服技术攻关难题、行 业"内卷"等多重挑战，展现出强大的发展韧性和活力，实现了产业规模与发展质量双提升。 中汽协数据显示，2025年汽车产销分别完成3453.1万辆和3440万辆，同比分别增长10.4%和9.4%，高于 去年年初预期。 对此，中汽协分析称，2025年"两新"政策加力扩围，实现平稳过渡与有序衔接，企业新品密集上市，终 端需求持续释放，全年汽车产销实现超预期增长。 中汽协表示，有关部门聚 ...

Group 1 - The "Mosu Zhixing" action plan aims to accelerate the transformation of autonomous driving technology innovation into industrial competitiveness by 2027, establishing a leading area for high-level autonomous driving in Shanghai [1] - The plan targets the large-scale application of L4 autonomous driving technology in smart public transport, taxis, and heavy trucks, with expectations to serve over 6 million passengers and transport over 800,000 standard containers [1] - A public service platform will be established, including a digital twin training ground for autonomous driving, with an open area of 2,000 square kilometers and over 5,000 kilometers of road length for diverse scenarios [1] Group 2 - The plan emphasizes the production of new vehicles with over 90% featuring L2 and L3 autonomous driving capabilities, while L4 vehicles will achieve mass production [2] - It aims to create innovative applications for L3 autonomous vehicles in urban inspection, logistics, and municipal sanitation, focusing on high-tech, clear operational models, and effective demonstration applications [2] - Key technology development will include research on high-performance onboard chips, operating systems, and smart computing platforms, fostering collaboration between universities, research institutions, and key enterprises [2] Group 3 - The plan highlights the development of intelligent connected vehicle and key component industrial bases in regions like Pudong, Jiading, and Lingang, leveraging local industry strengths and talent [3] - It supports the establishment of testing and verification platforms for intelligent connected vehicles and traffic safety, promoting the application of virtual simulation and hardware-in-the-loop technologies [3]

站长之家（ChinaZ.com）1月14日 消息:今日，马斯克通过社交平台发文宣布，特斯拉将于2月14日之后 停止销售其全自动驾驶软件FSD，未来该服务将仅以月度订阅的方式提供给用户。 这一决策标志着特斯拉在FSD的商业模式上进行了彻底调整，从以往允许用户一次性购买转变为纯订阅 制。 据了解，目前在美国市场，FSD一次性购买的价格为8000美元，而选择月度订阅则需支付199美元。 马斯克一直强调，FSD的安全水准必须远高于普通人类驾驶员，此次商业模式的调整或许也是特斯拉在 推动FSD普及、提升用户体验以及确保安全标准方面迈出的重要一步。 ...

《报告》指出，目前28.8%以上的主流乘用车品牌拥有搭载城市NOA功能的车型，预计随着城市NOA渗 透率的提升，2030年城市NOA将成为辅助驾驶和自动驾驶主流功能。同时，在供应商技术平民化与消 费者付费意愿增强的双重推动下，城市NOA功能正从高端车型下探至15万至20万元的主流价格带，预 计未来将进一步覆盖10万至15万元市场，实现规模化普及。 新华财经上海1月14日电14日，中国汽车工业协会旗下中国汽车工业经济技术信息研究所发布《2025城 市NOA汽车辅助驾驶研究报告》。《报告》显示，2025年1至11月，我国搭载城市NOA（领航辅助驾 驶）功能的乘用车累计销量达312.9万辆，占乘用车上险量的15.1%，较2024年全年提升5.6个百分点。 根据《报告》，312.9万辆NOA汽车中，起售价30万元以下的主流乘用车占比超68.9%，标志着城市 NOA已从高端车型的差异化配置逐步成为主流车型的标配，进入了面向主流消费群体的快速渗透期。 与此同时，L3级及以上自动驾驶的技术突破、场景落地及产业链协同机遇备受关注，将推动NOA技术 向更高水平迈进，进一步推动城市NOA渗透率的提升。 《报告》建议有关部门尽快出 ...

Core Viewpoint - Xiaopeng Motors is gearing up for a significant product year in 2026, launching multiple new models and enhancing its technology to compete in both domestic and global markets [2][7][38]. Group 1: Product Launch and Technology - Xiaopeng Motors introduced four new models on January 8, 2026, focusing on range extension and advanced technology [2][3]. - The new models feature self-developed Turing chips, moving away from Nvidia's Orin X chips, and include enhancements like the second-generation VLA and VLM for improved driving assistance and smart cockpit capabilities [3][4][21]. - The company emphasizes that its range-extended vehicles are fundamentally electric, maintaining low energy consumption and offering a pure electric range of 430 km [11][12]. Group 2: Market Position and Growth - In 2025, the sales of range-extended vehicles in China reached 1.235 million units, a 6% increase year-on-year, while pure electric vehicle sales grew by 24.4% [9]. - Xiaopeng Motors ranked among the top ten global new energy brands in sales, with the potential to break into the top five with the addition of range-extended models [9][10]. - The company aims to achieve a sales target of 550,000 to 600,000 vehicles in 2026, representing a 30% increase from 2025 [52][53]. Group 3: Global Market Strategy - Xiaopeng Motors is actively targeting international markets, with a goal of achieving a 1:1 sales ratio between overseas and domestic markets [41][50]. - The company has expanded its presence to 60 countries and regions, indicating a strong commitment to global growth [51]. - The focus on global media engagement during product launches reflects Xiaopeng's strategy to enhance its visibility and reputation in international markets [46][50]. Group 4: Competitive Landscape - The automotive market in 2026 is expected to be increasingly competitive, with strong rivals like Tesla, Xiaomi, BYD, and Leap Motor [58][59]. - Xiaopeng Motors is positioning itself to leverage its technological advancements and product offerings to navigate this competitive environment [60].

Core Insights - Shanghai has set ambitious goals for the development of high-level autonomous driving, aiming for large-scale application by 2027, with a focus on innovation, industry competitiveness, and international leadership in smart connected vehicles [1][4]. Group 1: Action Plan Overview - The "Mosu Zhixing" Action Plan outlines a framework for advancing autonomous driving technology, emphasizing model-driven leadership, application demonstration, industrial collaboration, and supportive policies [1]. - By 2027, the plan targets over 6 million passenger trips and 800,000 TEUs in freight transport using L4 autonomous driving technology, with a testing area of 2,000 square kilometers and road length exceeding 5,000 kilometers [1]. Group 2: Expansion of Testing Areas - The plan includes the gradual expansion of autonomous driving testing areas, with a focus on the full opening of the Pudong New Area and other key regions [2]. - As of December last year, Shanghai has opened testing roads covering approximately one-third of the city, with a total of 3,173 roads and 5,238.82 kilometers of testing mileage planned by the end of 2025 [2]. Group 3: Application Scenarios - The plan encourages organized smart taxi demonstration operations and pilot projects for L3 autonomous passenger vehicles, as well as the transition of intelligent heavy trucks at Yangshan Port to fully unmanned operations [3]. - It aims to create innovative application scenarios for autonomous vehicles in urban inspection, logistics, and municipal sanitation, exploring standards for unmanned delivery vehicles and autonomous parking [3]. Group 4: Automotive Industry Development - The plan aims to establish a world-class automotive industry cluster, focusing on regions like Pudong, Jiading, and Lingang, and promoting the development of smart connected vehicles and key components [4]. - It encourages the establishment of competitive automotive software and chip industries, and the development of high-performance hardware and software solutions [4]. Group 5: Data and Financial Support - The plan emphasizes the creation of a comprehensive data monitoring platform for autonomous vehicles, ensuring real-time monitoring and standardized data collection [5]. - It encourages social capital investment in smart connected vehicle startups and supports quality enterprises in accessing diverse financing channels [5]. Group 6: Industry Outlook - Analysts predict that L4 autonomous driving technology will achieve breakthroughs and accelerate commercialization within the next 2-3 years, with the Robotaxi business model expected to become viable [6].