Core Insights - The report emphasizes that the automotive industry will experience new growth driven by "smart driving and overseas expansion" in 2026, with L3-level autonomous driving penetration expected to continue increasing and new energy vehicle (NEV) exports maintaining high growth [2][3] - The report anticipates that the overall export of vehicles will exceed expectations in 2025, with strong momentum for NEV exports in regions such as Europe, the Middle East, and North America, indicating a new growth phase for domestic brands [2] - The report highlights that the L3 window period is clearly defined, with multiple domestic manufacturers set to mass-produce vehicles equipped with advanced driving assistance systems, leading to increased penetration of intelligent components [2] Vehicle Sector - The overall demand in the vehicle market remains stable, with a projected retail sales volume of 2,494 million units in 2026, reflecting a year-on-year growth rate of 1% [45] - NEV sales are steadily increasing, with a retail penetration rate exceeding 50%, and a cumulative retail sales volume of 10.15 million units from January to October 2025, representing a year-on-year growth of 21.9% [13] - The average price of passenger vehicles is on a downward trend, with the average price in the first ten months of 2025 being 170,000 yuan, a decrease of 7,000 yuan from the previous year [19] Component Sector - The report indicates that the trend towards electrification remains unchanged, with the penetration of intelligent components expected to continue rising, benefiting from the ongoing development of the automotive supply chain [2] - The report suggests that the domestic automotive supply chain, combined with overseas expansion, is likely to accelerate in 2026, providing incremental opportunities for relevant component manufacturers [2] Robotics Sector - The report notes that humanoid robots are entering a critical stage of industrialization, with significant demand for complex scene interactions driving the growth of core components, benefiting companies with relevant layouts in the robotics field [2] - The report emphasizes that the core components of humanoid robots will enjoy the dividends of industrial development, with companies positioned in this sector expected to benefit first [2] Low-altitude Economy - The report states that the domestic low-altitude economy has transitioned from a nascent stage to a period of rapid development, with the market scale expected to leap from hundreds of billions to trillions [2] - Several automotive companies are entering the low-altitude economy sector, indicating a promising future for growth [2] Policy and Market Dynamics - The report highlights that the 2026 NEV purchase tax subsidy will be reduced, leading to increased market competition, while the overall trend of NEV penetration and intelligentization is expected to drive the rise of domestic brands [2][38] - The tightening of "two new" policies is anticipated to increase the marginal cost for consumers, with various regions adjusting or suspending vehicle replacement and scrapping subsidy policies [39][40]

Core Insights - The Chinese electric vehicle (EV) industry is experiencing rapid growth, leading the global market in production and sales, while facing new challenges related to vehicle safety and international expansion [1] - Safety is identified as the fundamental basis for establishing long-term trust in both domestic and international markets, necessitating the development of a comprehensive safety standard system [1][2] Group 1: Safety Standards and Innovations - The urgency for innovation in safety standards is emphasized, particularly in response to new risks such as vehicle fires, autonomous driving failures, and data security issues [2] - By 2025, over ten technical safety standards covering areas like battery safety, vehicle safety, and intelligent connectivity are expected to be proposed [2] - Experts stress the need for a legal and regulatory framework that keeps pace with technological advancements, particularly in areas like software updates and cybersecurity [2][3] Group 2: Consumer Awareness and Trust - Consumer safety perception is a critical factor influencing trust and brand reputation, with safety incidents potentially damaging market sales [4] - The need to address information asymmetry between manufacturers and consumers is highlighted, advocating for greater transparency in communication regarding safety features [4] - Experts recommend that manufacturers update their messaging to focus on new safety concerns relevant to the electric and intelligent vehicle era, such as battery safety and software reliability [4] Group 3: International Expansion and Collaboration - The international expansion of the Chinese EV industry is seen as a vital growth area, with experts suggesting strategies for enhancing overseas operations and local compliance [5] - Recommendations include embedding international standards into the design phase of vehicles and promoting mutual recognition of standards to enhance the global influence of Chinese automotive standards [5] - The importance of collaboration among government and industry stakeholders to protect overseas interests and improve service capabilities in the aftermarket is emphasized [5][6]

Core Viewpoint - The Chinese electric vehicle (EV) industry is experiencing rapid growth, leading the global market in production and sales, while facing new challenges related to vehicle safety and international expansion [1][5]. Group 1: Safety Standards and Innovations - The safety of electric vehicles is a critical issue affecting consumer trust and corporate viability, with new risks such as vehicle fires, autonomous driving failures, and data security gaining public attention [5][6]. - A comprehensive safety standard system is being developed, with over ten technical safety standards expected to be released by 2025, covering areas such as power batteries, vehicle safety, and intelligent connectivity [5][6]. - Experts emphasize the urgency of innovating safety standards to address new risks, particularly in software updates and cybersecurity, advocating for a legal framework that keeps pace with technological advancements [5][6]. Group 2: Consumer Trust and Information Transparency - A report indicates that consumer safety perception significantly impacts brand reputation and sales, highlighting the need for a robust quality safety system that requires societal collaboration [7]. - Experts suggest that the current public safety concerns stem from information asymmetry between manufacturers and consumers, advocating for enhanced transparency and consumer rights [7]. - The communication strategy of automotive companies should evolve to emphasize battery safety, software functionality, and data security, reflecting the shift towards intelligent electric vehicles [7]. Group 3: International Expansion and Local Adaptation - The international expansion of the Chinese EV industry is seen as a crucial growth area, necessitating a complete supply chain approach, particularly in after-sales service [8][9]. - Experts recommend integrating global standards and regulations into the design phase of EVs to enhance adaptability for different markets, including safety and environmental standards [8][9]. - The conference featured discussions on battery safety management and the adaptation of communication networks for overseas operations, with industry leaders sharing insights on their international experiences [9].

在29日举行的新能源汽车安全标准与"出海"信任主题研讨会上，同济大学汽车学院教授、汽车安全技术 研究所所长朱西产表示，新能源汽车创新应保安全、促实用，杜绝出现会造成安全隐患的"伪创新"。 "新能源汽车不应在续驶里程、充电速度等方面追求最高的性能指标；要在增程、快充、换电三条路径 上找到适合用户使用场景的'最大公约数'，要在内燃机技术方面持续进行创新。"朱西产建议。 朱西产认为，智能新能源汽车是中国汽车产业最亮的名片。"我国在政府顶层设计、汽车行业努力下， 构建了新能源汽车全产业链，率先实现了新能源汽车新车近60%的高渗透率。汽车智能座舱和智能驾驶 是人工智能应用最具商业价值的垂直领域，继电动化变革后，我国汽车工业也加快了汽车智能化技术研 发步伐。" 对于智能新能源汽车创新的安全隐患，朱西产分析了人机共驾所存在的人因安全难题，并呼吁需要提高 社会安全认知，明确驾驶员依然是主体责任人。 在新能源汽车"出海"方面，朱西产认为，最能代表中国汽车品牌的应该是中国全产业链创新的智能新能 源汽车。"成功'出海'离不开政府顶层设计和国内车企抱团；要对产业链进行合理规划，必须设计能够 制约外方的核心技术和关键零部件；要在法律框 ...

新能源行业正在加速洗牌，新势力淘汰赛节奏加快，不少车企高管认为近三年是行业逐渐出清的关键时期，2021年创立的极越去年已经爆了雷，但另一个三 方联合共创的品牌却迎来了新的里程碑。 11月27日，由长安、华为、宁德时代共同参与打造的阿维塔科技正式向香港联合交易所递交IPO申请。 "阿维塔的现金流充裕，上市不是因为缺钱，而是品牌战略走到这一步之后必须要做的事情。"一位阿维塔高层向我们表示。 2021年阿维塔科技才正式成立，比其他新势力车企成立均晚了6-7年，但资本进程却推进很快。自成立那一年，阿维塔便维持一年一融资的节奏，四年间融 资4轮，募资超190亿元，其中，C轮融资金额超过110亿元，是2024年度国内车圈最大的单笔融资。 和极越一样，阿维塔也是由科技公司和车企联手在汽车行业的重新创业，今年以来却实现了量价的同步提升——连续9个月销量破万，11月销量创历史新 高，上半年的毛利率超过10.1%。 为什么阿维塔可以成功？ 轻资产模式 生态韧性够强 阿维塔的快速成长，离不开其独创的CHN商业模式。 与其他独立新势力相比，阿维塔一方面可以借助长安汽车成熟的智能制造、供应体系与渠道资源，无需投入巨额资金搭建工厂与平台 ...

记者丨 赖镇桃 编辑丨李艳霞 一个车企出海的"后来者"，可以如何做到后发先至？ 但广汽还是搭上了泰国新能源转型的快车——2023年交付量不过千台，2024年约5000-6000 台，今年将达到15000台左右。连年翻几番的增长，把广汽从原本泰国销量榜里的籍籍无名之 辈送到了前十，更已成为泰国电动车市场的第三大玩家。 广汽国际泰国销售公司总经理王浩勇告诉21世纪经济报道记者，广汽在国内的打法复制到泰 国，一定程度上复现了成功，比如今年快速做到泰国电动出租车市场的第一，顺利在B端开辟 新曲线。 不过，王浩勇认为，新能源出海远不只是卖车那么简单，而是在海外再建一个生态体系，包括 制造、补能、售后一整个流程以及金融、出行等服务平台。这个体系里的企业，部分是随广汽 协同出海的生态伙伴，部分则是长期根植泰国的本地厂商。在广汽的思路里，一些水土不服的 本土化困局，还是要找本地伙伴来解。 虽然率先落点泰国，但广汽看向的是整个东盟市场——先单点深入，再以点破局、拓展区域。 在泰国曼谷，王浩勇向记者讲述了一家车企生态出海、拾阶而上的故事。 泰国的引力 21世纪： 广汽决定进入泰国市场，主要是看中了哪些机会？ 王浩勇： 我们最核心 ...

Core Insights - GAC has officially launched its strategy in Thailand, marking its entry into the market with the first model arriving in September 2023, despite facing competition from established players like SAIC, Great Wall, BYD, and Neta [1] - The company aims to build a comprehensive ecosystem in Thailand, including manufacturing, energy supply, after-sales service, and financial platforms, rather than merely selling cars [1][4] - GAC's sales in Thailand are projected to grow significantly, from approximately 1,000 units in 2023 to around 15,000 units in 2024, positioning it as the third-largest player in the Thai electric vehicle market [1][6] Market Potential - GAC sees potential in the Thai market, which is transitioning towards electric vehicles (EVs) with government support aiming for a 30% market share of EVs by 2030 [3] - The company is leveraging Thailand's status as a hub for entering the ASEAN market, focusing on establishing a solid market model before expanding to other countries [4] Local Ecosystem Development - GAC is not just selling vehicles but is also introducing a complete ecosystem that includes energy systems, battery services, and local assembly operations [4][6] - The company has established a local factory, with plans for over 95% of the vehicles sold in Thailand to be produced locally starting next year [6] Consumer Preferences - Thai consumers are increasingly accepting electric vehicles, with over 60% market penetration in the A0 segment previously dominated by small fuel vehicles [7] - The company is also promoting home charging solutions, which are more feasible in Thailand compared to China, enhancing consumer willingness to adopt EVs [7] Challenges and Strategies - GAC acknowledges the challenges in developing a robust charging infrastructure in Thailand and is focusing on collaborative ecosystem strategies, including charging and battery swapping [8] - The company is also introducing plug-in hybrid electric vehicles (PHEVs) and range-extended electric vehicles (REEVs) to capture a larger market share [8] Competitive Landscape - GAC recognizes the need to integrate into local culture and support local supply chains, while also bringing in core resources from China [9] - The company is collaborating with local universities to cultivate talent in the relatively weak field of EV technology in Thailand [9] Production and Export Strategy - GAC's production strategy in Thailand includes both domestic sales and exports, benefiting from Thailand's neutral trade policies and established tariff agreements [12] - The company is prepared to meet production compensation requirements and believes it can navigate potential future pressures effectively [11] Value Proposition - GAC emphasizes the importance of a "value war" over a price war, focusing on building brand recognition and internal efficiencies to justify price increases [13]

2025年，中国新能源汽车行业在渗透率逼近60%后，增量市场趋于饱和，同时2026年购置税退坡 与暂时不确定的补贴优化政策，则进一步加剧了企业盈利压力，尤其是新势力品牌，如今正面临着竞 争加剧与增速放缓的双重挑战。瑞银今年12月初预测2026年国内乘用车销量或将出现2%的同比负 增长。在行业洗牌加速、价格战向价值战转型的关键节点，2025年11月27日，阿维塔科技正式向港 交所递交IPO申请，成为首家冲刺港股IPO的央企系新能源车企。 这份 600余页的招股书，不仅亮出了四轮融资超190亿元、连续9个月销量破万、毛利率升至10.1% 的亮眼成绩单，更揭示了其背靠长安汽车、华为、宁德时代"铁三角"生态，以轻资产模式突围的独 特路径。阿维塔的IPO之举既是自身规模化发展的必然选择，更成为观察中国高端智能电动车赛道生 存逻辑的重要样本。 央企 +巨头背书，构筑稀缺生态壁垒 在行业从 "野蛮生长"转向"精耕细作"的新阶段，资源整合能力成为穿越周期的关键。阿维塔的核心 优势，在于其难以复制的"央企背景+产业巨头"协同生态。 作为中国长安汽车集团高端化战略载体，阿维塔继承了长安在智能制造、供应链、研发测试及渠道布 局上的 ...

南方财经 21世纪经济报道记者赖镇桃 泰国曼谷报道 黎奥从未想过，一次他觉得很寻常的对话，会让一位泰国员工怕得想离职。"当时和一位员工说话声音大了点，对方就觉得我们 是在凶他，第二天不敢来上班了。"作为一家中国车企的海外业务人士，这是他踏上"微笑之国"一年多后，才逐渐参透的文化差 异。 在泰国，游客们常会听闻一种"三不叫"的说法：车不叫——即便曼谷的交通堵得水泄不通，也少见烦躁的喇叭声；狗不叫—— 街头的流浪犬慵懒地趴着，它们知道静候常能换来一口施舍；人不叫——细声慢语是这里表达尊敬的默认规则。 然而，这片浸润在独特"宁静"之中的土地，在全球汽车工业的版图上，却从不沉寂。 在泰国Citywalk时，只要走出曼谷的核心区，尤其是来到曼谷以外的城镇，常会看到道路两旁散落着许多两三层高的独栋小房。 房子门前自带一个小院，院里随意地摆放着杂物、茶几，有条件的家庭还会养一只狗、停一辆车。由于泰国的住宅土地私有， 不少泰国家庭都有一幢自己盖的房子。 （泰国常见的私人住宅，拍摄/和佳） 这也为充电桩的推广创造条件。据泰国电动汽车协会的数据，截至 2024年12月，全国共有11467个充电点。极氪东南亚区域总经 理保壮飞告诉 ...

来源：新华网 11月29日，在重庆果园港国家物流枢纽铁路货运鱼嘴站商品车物流基地，"重庆造"新能源汽车等待装入 一旁的"渝车"专列出海（无人机照片）。 近年来，随着重庆内陆开放综合枢纽建设不断提速，越来越 多的"重庆造"汽车沿着出海大通道走向世界。当前，重庆在纯电动、插电式、增程式、氢燃料、换电式 等多种技术路线全面布局汽车产业，不断完善的产业链条、持续提升的产品品质、渐趋稳固的供应链体 系等，成为支撑"渝车出海"的重要因素。 重庆海关日前公布数据显示，今年前10个月，重庆汽车出口 402.2亿元，同比增长13.6%。其中电动汽车出口116.5亿元，同比增长72.1%。 新华社记者 黄伟 摄 12月5日，在重庆果园港滚装码头，"重庆造"新能源汽车在装船，之后将通过"江海联运"的方式出海 （无人机照片）。 近年来，随着重庆内陆开放综合枢纽建设不断提速，越来越多的"重庆造"汽车沿着 出海大通道走向世界。当前，重庆在纯电动、插电式、增程式、氢燃料、换电式等多种技术路线全面布 局汽车产业，不断完善的产业链条、持续提升的产品品质、渐趋稳固的供应链体系等，成为支撑"渝车 出海"的重要因素。 重庆海关日前公布数据显示，今年 ...