大家早上好！这里是今天的早报，每天早上，我都会在这里跟你聊聊昨夜今晨发生了哪些大事儿。 昨夜今晨 【特朗普称美国将"管理"委内瑞拉直至实施"安全"过渡】 据央视新闻，当地时间1月3日，美国总统特朗普就美国对委内瑞拉的军事行动举行新闻发布会。 特朗普称，美国将"管理"委内瑞拉直至实施"安全"过渡。他还表示，马杜罗及其妻子都将面临美国司法审判。 特朗普没有为美国的占领设定时间限制。他声称何时将委内瑞拉交还给委内瑞拉人，将由美国决定。 特朗普说，美国对委内瑞拉的石油禁运仍完全有效。特朗普称，"美国在西半球的主导地位再也不会受到质 疑"。 当地时间1月3日中午11时39分，北京时间今天（1月4日）凌晨0时39分，美国总统特朗普、国防部长赫格塞思 在佛罗里达州海湖庄园就美军对委内瑞拉动武、将委内瑞拉总统马杜罗控制并移送出境举行记者会。 【外交部发言人就美国对委内瑞拉实施军事打击答记者问】 外交部发言人就美国对委内瑞拉实施军事打击答记者问。 问：据报道，美国对委内瑞拉实施军事打击。特朗普在"真实社交"发文称，美国已成功对委内瑞拉及其领导人 马杜罗实施大规模打击行动，马杜罗及其夫人已被控制并移送出境。中方对此有何评论？ 答 ...

来源：环球 2026年的日历刚刚翻开，世界在关注并期待着中国。这个拥有14亿多人口、刚刚收官"十四五"规划的国 家，将以何种姿态迈入又一个五年规划的开局之年？新年前夕，中国国家主席习近平发表二〇二六年新 年贺词，鼓舞中国人民坚定信心、乘势而上，"续写中国奇迹新篇章"。开年以来，从市场、外交到民生 领域传来一系列积极信号，中国正带着坚实的底气和明晰的方向感，在新的一年里稳健前行。 一个开放包容、致力于合作共赢的中国，正以更加自信的姿态，携手各国共同构建人类命运共同体。新 年伊始，韩国总统李在明即将访华，庞大的经贸代表团随行，预示着两国关系回暖与务实合作的新机 遇。《韩民族日报》称，随着中国在人工智能、机器人等尖端产业领域持续领跑，韩国也悄然兴起一 股"向中国学习"的风潮。土耳其从1月2日起对中国公民实施免签政策，中国护照的"含金量"持续提升， 反映了中外人员往来与民心相通的深化。这显示，开放，已成为中国式现代化的鲜明标识，为世界发展 带来更多机遇。坚持和平发展、坚持开放包容的中国，自然获得国际社会更多欢迎。 中国的发展有速度更有温度。习近平主席新年贺词中，"柴米油盐、三餐四季"的温情叙述与一系列具体 惠民政策紧 ...

Core Viewpoint - Tesla has lost its title as the "global electric vehicle sales champion" for the first time, being surpassed by Chinese automaker BYD in 2025, with Tesla's global deliveries dropping to 1.636 million units, a year-on-year decline of approximately 8.6% [1][6]. Group 1: Sales and Deliveries - In 2025, Tesla produced over 434,000 vehicles in Q4 and delivered over 418,000, with annual production reaching 1.655 million and annual deliveries at 1.636 million [4][5]. - Tesla's Q4 deliveries decreased by about 16% compared to Q4 2024, while production fell by 5.5% year-on-year [5][6]. - BYD's pure electric vehicle sales reached approximately 2.257 million units in 2025, marking a nearly 28% increase from 2024 and surpassing Tesla's sales for the first time [6][7]. Group 2: Market Dynamics - Tesla's sales decline in Q4 2025 was significantly influenced by the U.S. federal government's early termination of electric vehicle incentives on September 30, which prompted manufacturers to accelerate sales in Q3 [4][6]. - In Europe, Tesla's registrations dropped by 39% in the first 11 months of 2025, while BYD's registrations surged by 240% [6][7]. - The overall electric vehicle market in Europe grew, accounting for approximately 16% of all new car sales in 2025 [6]. Group 3: Financial Performance and Future Outlook - Despite the decline in vehicle sales, Tesla's stock price has generally continued to rise, reaching a historical high in late December 2025, with a market capitalization exceeding $1.6 trillion [3][8]. - The company's growth in the energy storage sector remains robust, with 14.2 GWh of storage products deployed in Q4 2025, a significant increase of 13.6% from 12.5 GWh in 2024 [10]. - Analysts suggest that Tesla's future valuation is increasingly tied to its advancements in autonomous driving and robotics, with estimates indicating that autonomous technology now accounts for over 70% of Tesla's total value [10].

Core Viewpoint - Tesla has lost its title as the "global electric vehicle sales champion" to BYD, marking a significant shift in the electric vehicle market landscape [2][7]. Group 1: Tesla's Sales Performance - Tesla's Q4 2025 delivery volume decreased by 15.6% year-on-year to 418,227 units, falling short of analyst expectations and the company's own targets [5]. - For the entire year of 2025, Tesla's delivery volume was 1.64 million units, representing an 8.6% decline compared to the previous year [5][7]. - This marks the first time in Tesla's history that it has been surpassed by BYD in annual electric vehicle sales [2][7]. Group 2: Market Dynamics and Challenges - The decline in Tesla's Q4 sales is attributed to the expiration of the U.S. federal electric vehicle tax credit in September, which had previously spurred demand [5]. - Tesla's brand image has been impacted by CEO Elon Musk's political involvement and the lack of substantial updates to popular models, which has eroded its competitive edge [5]. - Despite the challenges, Tesla still holds a 45% market share in the U.S. electric vehicle market, benefiting from previous government clean energy policies [5]. Group 3: BYD's Growth and Market Position - BYD's 2025 pure electric vehicle sales reached 2.25 million units, a 28% increase year-on-year, allowing it to surpass Tesla [7]. - BYD's total new vehicle sales for 2025 were 4.6 million units, with significant growth in both pure electric and plug-in hybrid vehicles [7]. - The company is expanding its presence in international markets, including Europe, Latin America, and Southeast Asia, and has plans for local production to enhance competitiveness [7]. Group 4: Future Outlook - Analysts have significantly revised Tesla's 2026 delivery expectations from over 3 million units to approximately 1.8 million units [6]. - The electric vehicle market in the U.S. is expected to face challenges in the near term, with potential recovery anticipated around 2027 as more manufacturers introduce electric vehicles priced below $30,000 [5].

Core Insights - The 25th season of the Robotex World Robot Competition Asian Finals and Technology Pan-Entertainment Carnival commenced on January 2 at the National Exhibition and Convention Center in Shanghai, aiming to create an innovative experience park that integrates technology and entertainment [1][3] - The event aligns with the strategic positioning of the Hongqiao International Central Business District to become a "strong growth pole" in the Yangtze River Delta and an "international open hub," driving the convergence of technology innovation, talent, and consumption [1][3] Event Structure - The competition features four core components: technology competition, technology pan-entertainment carnival, international forums, and workshops, designed to engage the public and showcase innovative ideas [1] - A total of 26 competition categories have been established, emphasizing interdisciplinary knowledge, technological innovation, and practical application, showcasing the capabilities of participants from the "post-00s" to "post-20s" generations [3] Participant Demographics - Over 15,000 participants, including university students and even 4-year-old children, represent a new generation raised in the internet era, highlighting the future of China's technological strength [3] - The event aims to attract leading global companies and research institutions in the robotics field, facilitating breakthroughs in key technologies such as core components and AI algorithms [3] International Collaboration - The event will feature "national pavilions" from 12 countries, showcasing representative innovations and cultural content, akin to a mini "China International Import Expo" [3] - Seven domestic city delegations will also participate, promoting cultural, industrial, and talent exchanges through technology [3] Technology Pan-Entertainment Carnival - The carnival aims to break down barriers in technology, offering immersive experiences such as interactions with humanoid robots, combat robot arenas, and brain-computer interface racing [4] - A "Climate Park" area, in collaboration with Shanghai Climate Week, encourages visitors to reflect on the ultimate significance of technological development through engaging displays [5] Workshops and Interactive Experiences - Seven themed workshops provide hands-on opportunities for participants to create unique items, such as traditional Chinese lanterns and kites, blending cultural heritage with modern technology [5][6] - The interactive technology experience zones include drone challenges, 3D printing demonstrations, and immersive cosmic explorations, enriching public engagement and fostering a blend of traditional and modern elements [6] Educational Focus - The event incorporates the United Nations' 17 Sustainable Development Goals (SDGs) as a core guiding principle, aiming to provide an international platform for cultivating global youth talent in technology [7] - Future plans include hosting the global finals in Shanghai Hongqiao within three years, further enhancing the area's appeal and capabilities as a landmark of reform and opening-up [7]

特斯拉周五公布的第四季度交付量降幅大于预期，全年销量连续第二次下滑。在取消税收补贴后，该公 司难以提振对其电动汽车的需求。特斯拉表示，第四季度，它交付了418227辆汽车，低于去年同期的 495570辆。根据Visible Alpha的数据，分析师预计会交付434,487辆车。全年，特斯拉交付了164万辆汽 车，而2024年为179万辆。Visible Alpha调查的分析师此前预计，该公司全年交付量约为165万辆。这些 数据引发了人们的疑问：在连续两年销量下滑之后，特斯拉能否稳定其核心汽车业务，不过该公司正在 转向机器人和自动驾驶汽车等未来项目，以证明其高估值的合理性。分析人士表示，特斯拉在2025年面 临的最大压力来自北美和欧洲，那里的竞争加剧，而且该公司今年早些时候还面临着与马斯克的政治言 论有关的品牌负面反应。尽管汽车交付量有所下降，但特斯拉的股价在2025年仍上涨了约11.4%，这增 加了马斯克的财富。 ...

Core Viewpoint - The company is focusing on opportunities in emerging sectors such as liquid cooling heat dissipation, robotics, and aerospace, driven by the increasing demand for efficient cooling solutions in AI servers and electric vehicles [1] Group 1: Liquid Cooling Heat Dissipation - The demand for liquid cooling solutions is rapidly increasing due to the rising computational density and power consumption in AI servers [1] - Electric vehicles also require liquid cooling technology to enhance battery thermal management [1] Group 2: Core Components and Manufacturing - Core components for liquid cooling, such as liquid cooling plates and connectors, require CNC machining with high precision and efficiency [1] - The company is adjusting equipment parameters using high-speed drilling and tapping centers, vertical machining centers, and CNC lathes to better meet the precise machining needs of customers in the liquid cooling sector [1]

中金发表报告指，展望2026年，预计内地汽车业政策延续之下内需面临一定挑战，海外销量稳健增长。 投资策略上，零部件优於整车，关注机器人、智能驾驶及数据中心液冷等AI相关布局带来的盈利估值 双升机遇。乘用车方面，该行指，两新政策托底，内需仍面临一定挑战。当前国内销量已经逐步突破 2017年的前期高点，展望2026年，该行认为以旧换新政策仍会形成一定托底，但销量增长挑战加大，更 需关注格局分化、全球化和智能化带来的机会。供给端技术创新、车型叠代带动渗透率提升，支撑新能 源保持双位数增长，该行更加看好需求韧性足的中高端新能源市场，关注龙头战术调整和传统品牌新能 源后发追赶的机会。零部件方面，AI赛道多维布局，增长蓄力估值提级。建议2026年重点关注AI相关 赛道布局逐步开始释放的增长驱动以及估值提升：AI技术与汽车产业及高端制造领域的融合加速深 化，智能驾驶(L2+渗透率继续攀升，L3量产落地)、人形机器人(T量产启幕，多企业加速推进)、数据中 心液冷(算力需求爆发，国产替代空间广阔)三大高景气赛道，正为零部件企业提供突破传统业务边界、 打开成长天花板的核心路径。同时建议持续关注零部件出海的相关标的。 ...

Core Insights - BYD achieved a record annual sales of 4.6 million vehicles in 2025, surpassing Tesla in the pure electric vehicle (EV) segment with 2.26 million units sold compared to Tesla's estimated 1.64 million units [1][4] - The company's success is attributed to its dual strategy of pure electric and plug-in hybrid vehicles, along with its global expansion efforts [4][6] Sales Performance - In 2025, BYD's pure electric vehicle sales increased by 28% year-on-year, while Tesla's sales are projected to decline by 8% [4][5] - BYD's total sales included 4.54 million passenger vehicles, with a year-on-year growth of 7.73% [3] Market Dynamics - The competitive landscape in China has intensified, with BYD facing challenges from rivals like Geely and Xiaomi, leading to a shift from growth to fierce competition [6][7] - BYD's chairman noted that the decline in domestic sales is due to reduced technological differentiation and increased competition [7] Global Strategy - BYD is focusing on international markets to mitigate domestic pressures, with significant contributions from local production in Brazil and expansion in Southeast Asia [6][8] - The company aims to leverage its cost advantages in emerging markets to replicate its success in China [11] Future Outlook - The automotive industry in 2026 will emphasize resilience, global operations, and technological monetization rather than just sales volume [8] - BYD's strategy involves maintaining technological barriers while expanding into new markets, contrasting with Tesla's focus on valuation despite declining sales [9][11]

天眼查工商信息显示，近日，深圳市强瑞精密技术股份有限公司出资255万元成立强瑞超能（深圳）机 器人技术有限公司，持股51%，所属行业为软件和信息技术服务业。 来源：市场资讯 资料显示，强瑞超能（深圳）机器人技术有限公司成立于2025年4月1日，法定代表人为肖湘江，注册资 本500万人民币，公司位于深圳市，智能机器人的研发、服务消费机器人销售、智能机器人销售、工业 机器人安装、维修、工业机器人销售、信息系统集成服务、人工智能基础软件开发、新兴软件和新型信 息技术服务、新材料技术研发、新材料技术推广服务、技术服务、技术开发、技术咨询、技术交流、技 术转让、技术推广、人工智能行业应用系统集成服务、人工智能硬件销售、人工智能公共数据平台、人 工智能基础资源与技术平台、人工智能公共服务平台技术咨询服务、人工智能应用软件开发、第二类医 疗设备租赁、第二类医疗器械销售、医护人员防护用品生产（Ⅰ类医疗器械）、医用口罩零售、医用口 罩批发、第一类医疗设备租赁、医护人员防护用品批发、第一类医疗器械销售、卫生用品和一次性使用 医疗用品销售。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动） 无。 ...