Group 1 - Since 2025, multiple Chinese independent automotive brands have intensified their overseas market strategies by investing in their own ocean transport fleets, indicating a significant shift in their international expansion approach [1][6] - SAIC Group has launched a 9,500-vehicle capacity roll-on/roll-off ship named "Anji Ansheng," which is one of the largest car transport ships, with a maximum speed of 19 knots [1][3] - BYD has also delivered a roll-on/roll-off ship named "Shenzhen," with plans to operate a total of eight such vessels by the end of 2025, having already transported over 25,000 new energy vehicles overseas in the first quarter of 2025 [3][5] Group 2 - Chery has initiated its first ocean transport ship to Europe, with plans for additional vessels to follow, while GAC has partnered with China Merchants to ensure stable shipping capacity for vehicle exports [5][12] - In the first four months of 2025, China's automobile exports reached 1.937 million units, a year-on-year increase of 6%, with new energy vehicle exports alone growing by 52.6% to 642,000 units [8][10] - The growth in China's automobile exports is attributed to breakthroughs in technology, supply chains, and logistics, enhancing the industry's resilience and global reach [10][12]

来源：央视新闻客户端 今年以来，中国多家自主品牌车企纷纷加力布局海外市场，加大投入组建远洋运输船队，将运力掌握在 自己手中。这对于进军国际市场的自主车企来说意味着什么？他们的船队规模怎么样？ 运力自主可控 多家车企组建远洋船队 5月15日，在上海海通国际汽车码头，这艘由上汽集团自主打造的9500车位滚装船正式交付使用并首航 欧洲。这艘被命名为"安吉安盛"的滚装船是目前装载量最大的汽车运输船之一，最高航行速度可达19 节。 上汽安吉物流总经理 庄菁雄：上汽安吉物流投入了100亿元人民币，建造了12艘7600车位以上的超大型 远洋运输船，有了船队的投入，整车单车的运输成本将降低10%。 上汽安吉物流总经理 庄菁雄：后续还有7艘超大型的汽车运输船投入使用。整车远洋运输航线将遍布全 球主要的汽车市场，目的地将达到100多个。 不仅是上汽，今年4月下旬，装载量同样超过9000车位的汽车运输船比亚迪"深圳号"在江苏交付，随后 开启驶往巴西的航程。据了解，比亚迪已有4艘远洋汽车运输船下水运营。 比亚迪对公事业部海运运营科 高晓琳：今年第一季度，比亚迪滚装船向海外运载超25000台新能源汽 车。下一艘9200车位级运输船"西 ...

Group 1 - The core viewpoint of the news highlights that China's automotive production and sales have surpassed 10 million units for the first time in history in the first four months of 2025, with significant growth in new energy vehicle (NEV) exports [1][16]. - The "Yuanhaikou" vessel, the largest dual-fuel car carrier in China, will enhance the country's automotive export capabilities, particularly for NEVs, by joining the national fleet [1][13]. - NEV exports reached 642,000 units in the first four months of 2025, marking a year-on-year increase of 52.6% [16]. Group 2 - In 2024, China's NEV exports totaled 1.284 million units, indicating a strong upward trend in the international market [9][11]. - The "Yuanhaikou" vessel is equipped with advanced green, intelligent, and automated technologies, aligning with the latest standards and enhancing service for Chinese automotive exports [13]. - The automotive industry in China is experiencing a dual boost from technological advancements and supportive policies, with NEV production and sales growing significantly [19][22].

奇瑞进入欧洲市场选择了一条看上去最反常、最没有希望的路——首先押注在内燃机 上，然后再跟进电动车和混动车。 编者荐语： 日本经济新闻社与金融时报2015年11月合并为同一家媒体集团。同样于19世纪创刊的日本和英国的两家 报社形成的同盟正以"高品质、最强大的经济新闻学"为旗帜，推进共同特辑等广泛领域的协作。此次， 作为其中的一环，两家报社的中文网之间实现文章互换。 以下文章来源于FT中文网 ，作者张冬方 FT中文网 . 英国《金融时报》集团旗下唯一的中文商业财经网站，旨在为中国商业菁英和决策者们提供每日不可或 缺的商业财经资讯、深度分析以及评论。 文丨FT中文网专栏作家 张冬方 在看到奇瑞汽车旗下两大品牌JAECOO和OMODA在欧洲的最新销量数据时，我想起了这家 企业的那句出海哲学："慢有时候就是快。" 据JATO欧洲28国（25家欧盟主要成员国、挪威、瑞士和英国）数据，在2025年第一季度， 奇瑞专为全球市场设计的两大品牌JAECOO和OMODA 的销量分别为13829辆和7947辆。看 上去并不多，但必须考虑到的背景是，奇瑞2024年2月才正式进入西班牙开始了其入欧征 程，目前进入的市场和推出的车型均相当 ...

Core Viewpoint - The launch of the "2025 China Automotive Brand Upward Development Special Action - 'National Car New Direction, Expanding New Chapters Overseas' Documentary Activity" signifies a strategic initiative to enhance the global presence of Chinese automotive brands amidst complex global political and economic conditions [1][3]. Industry Overview - Chinese automotive companies are increasingly globalizing, establishing R&D centers and factories abroad, and focusing on "technology export + localized production" to build a local industrial chain ecosystem [3][4]. - In the first quarter of 2025, China exported 1.42 million vehicles, a year-on-year increase of 7.3%, with passenger car exports at 1.178 million (up 6.1%) and commercial vehicle exports at 242,000 (up 13.1%). Notably, new energy vehicle exports reached 441,000, marking a 43.9% increase [3]. Special Action Initiative - The "Brand Upward Development Special Action" has been ongoing since 2021, promoting the creation of Chinese automotive brands and has become a significant platform for collective brand activities in the industry [4][7]. - The initiative aims to transition the Chinese automotive industry from "following and catching up" to "leading in technology" and from "price competition" to "value creation" [7]. Documentary Activity - The documentary will feature five representative Chinese automotive brands: Hongqi, Changan, Chery, BYD, and Foton, focusing on their achievements in Southeast Asia, Europe, Africa, South America, and the Middle East [6][8]. - The content will highlight the contributions of these brands to local automotive industries and their global development stories, enhancing the image and influence of "Chinese automobiles" on the world stage [6][8]. Brand Participation - The initiative has received strong participation from mainstream automotive companies, with significant events like the "Consulate General Visits Shanghai Auto Show" showcasing the latest achievements of Chinese automotive brands [7]. - Each participating brand has set ambitious goals for overseas market investments and sales, with Changan aiming for over $10 billion in overseas investments by 2030 and BYD achieving market leadership in several regions [10][11]. Growth and Achievements - Chery has exported to over 110 countries, with a focus on localized manufacturing and R&D to meet diverse global consumer needs [9]. - BYD has become a market leader in regions like Hong Kong and Singapore, with its new energy vehicles entering over 110 countries [10]. - Hongqi has seen a compound annual growth rate of 151% in overseas sales, establishing itself as a symbol of "Chinese luxury cars" in various international markets [12]. - Foton has been the top exporter of commercial vehicles in China for 14 consecutive years, aiming for 300,000 exports by 2030, with 30% being new energy products [12].

以下文章来源于霞光社 ，作者冯叶 霞光社 . 赋能企业全球化 在特朗普再次试图改写全球供应链格局之时，中国新能源车企并不慌乱。 将投中网设为"星标⭐"，第一时间收获最新推送 出海从无坦途。 作者丨 冯叶 编辑丨 李小天 来源丨 霞光社 "每一公里内，就能看到三到五辆比亚迪" 从市场格局看，比亚迪是巴西市场当之无愧的新能源汽车销量冠军。 最重要的原因是它们并不依赖美国市场，且早在第一轮贸易战开启时，就积极拓展了中东、东南亚、 拉美等新兴市场，其中， 距离中国大陆18000公里的巴西，成为了近年来 新能源 车企出海最火热 的战场。 据ABVE统计，2024年，巴西电动汽车和混动汽车总销量约为12.5万辆，其中，比亚迪占据了 61.2%的市场份额，其次则是长城汽车和沃尔沃。 巴西是全球第六大汽车市场，其中，新能源汽车的销量正在持续攀高。巴西电动汽车协会（下 称"ABVE"）数据显示，2024年1至6月，巴西全国大约销售出8万辆轻型电动型新车，较去年同期 增长146%。这个数字还将在今年保持乐观增长。 在霞光社的调研中，巴西市民纷纷现身说法。生活在坎皮纳斯的Felipe表示，"我已经购买了比亚迪 的混合动力汽车。我所 ...

丨证券研究报告丨 公司研究丨点评报告丨新泉股份（603179.SH） [Table_Title] 2024 年及 2025 年 Q1 业绩点评：2024 年业绩 符合预期，2025Q1 短期承压不改长期成长动能 报告要点 [Table_Summary] 公司公布 2024 年年报，公司营业收入为 132.6 亿元，同比上升 25.5%；归母净利润为 9.77 亿 元，同比上升 21.2%。 2025 年一季报，公司营业收入为 35.2 亿元，同比上升 15.5%；归母净 利润为 2.13 亿元，同比上升 4.4%。内饰龙头出海加速，外饰+座椅开启公司第二成长曲线。预 计公司 2025-2027 年归母净利润分别为 14.08、18.09、22.55 亿元，对应 PE 分别为 14.67X、 11.42X、9.16X，维持"买入"评级。 分析师及联系人 [Table_Author] 高伊楠 张永乾 SAC：S0490517060001 SAC：S0490524030002 SFC：BUW101 公司公布 2024 年年报，公司营业收入为 132.6 亿元，同比上升 25.5%；归母净利润为 9.77 亿 元，同 ...

以下文章来源于霞光社 ，作者冯叶 霞光社 . 赋能企业全球化 来 源丨霞光社（ID：Globalinsights） 作者丨冯叶 编辑丨李小天 图源丨GT 在特朗普再次试图改写全球供应链格局之时，中国新能源车企并不慌乱。 最重要的原因是它们并不依赖美国市场，且早在第一轮贸易战开启时，就积极拓展了中东、东南亚、拉 美等新兴市场，其中，距离中国大陆18000公里的巴西，成为了近年来新能源车企出海最火热的战场。 巴西是全球第六大汽车市场，其中，新能源汽车的销量正在持续攀高。巴西电动汽车协会（下 称"ABVE"）数据显示，2024年1至6月，巴西全国大约销售出8万辆轻型电动型新车，较去年同期增长 146%。这个数字还将在今年保持乐观增长。 中国新能源车企已经抢先进入巴西，如今，在圣保罗、巴西利亚街头看到比亚迪的身影已经不足为奇。 据多位巴西市民透露，除了主要城市外，比亚迪还已经渗透进了圣保罗周边的乡村、贝洛奥里藏特、戈 亚尼亚等算不上知名的地点，"我还看到很多Uber司机开比亚迪海豚"，巴西市民Pakozdy表示。 不只是比亚迪，奇瑞、长安、长城、江淮等，同样是巴西人熟知的中国汽车品牌，其中，江淮在巴西的 产品线为10 ...

东南亚市场成为 出海战略最重要一站 广州日报新花城：我们留意到，今年前三个月菲律宾、泰国等东南亚国家已经名列中国汽车出口目的地 前十，从早期的出海探索到"1551"国际化战略，广汽在出海区域的布局上有哪些变化？ 出海，是中国汽车产业绕不开的话题，中美关税战延续、国际政治经济环境纷繁复杂的特殊背景，为汽 车企业出海增加了诸多不确定性。 2024年，广汽集团宣布了三年"番禺行动"计划，将出口目标提升到"2027年进入全球100个国家和地区， 挑战出口50万辆"的高度，这意味着要在3年时间内实现出口销量翻3倍。广汽集团出海计划的执行者将 如何破解这个难题呢？在上海车展期间，广州日报新花城记者专访了广汽国际总经理卫海岗。 卫海岗：去年广汽自主品牌出海首次突破了10万台的大关，增速明显、跑赢大市。不过，我们目前的出 口体量跟排在头部的中国品牌来比，还有不小的差距。2025年我们的目标是17.2万辆，同比增速要超过 70%，2027年我们要挑战50万辆的目标。 广汽最早的出海地区是中东。我们的第一家店是在科威特，我们已经和他们合作了12年。最近这里正在 进行店端改造，我们希望将它打造成全球的模板以及中东的标杆。后来我们又 ...

Core Insights - The electric vehicle (EV) wave is rapidly transforming the global automotive industry, with Chinese automakers accelerating their overseas expansion, particularly in Malaysia, which is becoming a key market for them [2][3] Group 1: Market Dynamics - Stellantis and Leap Motor are launching a local assembly project in Malaysia with an initial investment of €5 million, aiming to produce the Leap C10 model by the end of 2025 [3] - Malaysia's new car sales reached a record high of 816,700 units in 2024, surpassing both 2022 and 2023 figures, while Thailand's sales dropped by 26% to approximately 570,000 units [3] - The Malaysian automotive market is characterized by strong local brands, Proton and Perodua, which hold about 60% market share, while Japanese brands account for around 30% [4] Group 2: Chinese Automakers' Strategies - Chinese automakers like Geely and BYD have made significant inroads into the Malaysian market, with Geely acquiring a 49.9% stake in Proton in 2017 and expanding its presence through technology sharing [4][7] - BYD's Atto 3 has quickly become a best-seller since its launch in late 2022, indicating strong demand for Chinese EVs in Malaysia [8][9] - Chery has also re-entered the Malaysian market, launching multiple models and establishing a new factory in Shah Alam, which is expected to enhance its local production capabilities [8] Group 3: Government Initiatives and Market Potential - Malaysia aims to increase the share of electric vehicles to 15% by 2030 and 38% by 2040, supported by tax incentives for EV manufacturers [6] - The country has introduced various tax exemptions for electric vehicles, including a 70%-100% income tax reduction and exemptions from import duties and sales taxes for locally assembled EVs [6] - The presence of Chinese automakers is driving significant growth in Malaysia's EV sales, which doubled to 21,789 units in 2024 compared to 10,159 units in 2023 [9] Group 4: Supply Chain and Local Production - Chinese automakers are establishing a comprehensive supply chain in Malaysia, with local production facilities for battery manufacturers and parts suppliers [11] - Companies like EVE Energy have begun operations in Malaysia, supporting local production with battery supply [11] - The local assembly of vehicles, such as the Leap C10, will leverage Stellantis's existing facilities, enhancing cost efficiency and market reach [10]