一份最新报告显示，2026年全球电动汽车销量增速预计将创下自2020年疫情冲击全球经济以来的最低水 平，因为摆脱燃油车的转型之路正面临新的障碍。 本周早些时候公布的数据显示，比亚迪已取代特斯拉，成为2025年全球最大电动汽车制造商，这家中国 企业在欧洲及其他海外市场正持续拓展。 纯电遇冷 据研究机构Benchmark Mineral Intelligence预测，由于欧洲市场增长大幅放缓以及美国市场急速萎缩， 2026年全球电动汽车销量(包括纯电动汽车和插电式混合动力车)预计将仅增长13%至2400万辆，远低于 2025年22%的预估增幅。 企业高管和分析师指出，特朗普政府取消电动汽车税收优惠、欧盟放宽原定2035年生效的燃油车禁令等 因素，都将影响到该行业今年的命运。 在此之前，由中国引领的多年爆发式的电动汽车需求，曾一度预示着燃油车似乎将快速消亡，而燃油车 在过去一个多世纪里一直是全球汽车行业利润的支柱。 据Benchmark Mineral Intelligence的预测，美国电动汽车销量在2025年达到创纪录的150万辆后，今年预 计将下降29%至110万辆。 欧洲电动汽车销量在2025年预计增长33 ...

比亚迪电动汽车 凤凰网科技讯北京时间1月4日，据英国《金融时报》报道，随着全球汽车行业在从燃油车向新能源车转 型过程中遇到了新的障碍，电动汽车销量即将迎来自2020年新冠疫情以来最缓慢的年度增长。 Benchmark的数据显示，美国电动汽车销量在2025年创下150万辆的纪录后，今年将大跌29%，降至110 万辆。欧洲销量预计将在2025年增长33%的基础上，今年再增长14%，达到490万辆。 美国电动汽车销量将大降29% 研究机构Benchmark Mineral Intelligence表示，在欧洲市场增长乏力、美国市场出现萎缩以及中国火热需 求降温的情况下，2026年全球电动汽车销量预计将增长13%，达到2400万辆，低于去年约22%的增幅。 Benchmark预测，在全球最大电动汽车市场中国，销量预计将从2025年的1330万辆增至1550万辆，增速 为17%。该预测既包括纯电动车，也包括插电式混合动力车型。尽管仍保持两位数增速，但中国的预期 增长率将低于截至2025年的五年期间水平。那时，中国新能源汽车(包含插电式混动车型)销量从约110 万辆飙升至超过1300万辆。 企业高管和分析师指出，特朗普政 ...

采埃孚（ZF）还是把自己的辅助驾驶业务卖掉了。 汽车音响制造商——哈曼集团宣布，已与采埃孚集团达成最终协议，收购采埃孚的高级驾驶辅助系统（ADAS）业务，交易估值达15亿欧元（约合人民币 124亿）。 但这项交易需经相关监管机构审批，预计将在2026年下半年完成，而哈曼集团的背后则是另一个电子巨头——三星。 在协议达成的现场，采埃孚的新任CEO Mathias Miedreich看起来似乎相当开心。 因为采埃孚终于有钱还债了，截至2025上半年，还背着约106亿欧元的巨额债务，此时的采埃孚财务捉襟见肘，用Mathias Miedreich的话来讲，集团的利 润基本用于偿债。 这不仅是一笔急需的"救命钱"，同样也是在战略收缩下，一场残酷而必要的结构性出清。 01 员工也"卖"掉 采埃孚这次卖掉的并不是整个ADAS事业部，而是将其中的几个核心业务板块统一打包售卖。 根据协议，采埃孚将剥离事业部中的计算解决方案、智能摄像头、雷达技术、ADAS软件功能等ADAS相关业务，像底盘电子元件和用于主动安全技术的 电子元件业务则仍将保留在采埃孚，用以继续推进商用车领域的驾驶辅助及自动驾驶业务。 等待相关监管机构批准后，这些资 ...

智通财经APP获悉，随着美国电动汽车需求降温的影响持续波及行业供应链，LG新能源将向本田汽车 (HMC.US)以约4.2万亿韩元(29亿美元)出售其位于俄亥俄州合资电池厂的设施及其他资产。 另据报道，美国移民部门此前对LG新能源与韩国现代汽车在佐治亚州的合资企业展开了一次史无前例 的突击检查，当场拘留超过300名韩国籍员工。 总部位于首尔的LG新能源在周三提交的监管文件中表示，此项交易的收购方为本田旗下美国子公司， 预计将于明年2月底正式完成交割。LG新能源称，此举旨在提升运营效率。 面对接连受挫的局面，LG新能源正加速推进储能业务布局，同时其位于亚利桑那州和密歇根州的两条 新生产线也在建设之中，以此对冲业务下滑带来的冲击。 当前，中国以外的电动汽车转型进程遭遇阻碍，韩国电池制造商的发展前景随之恶化。此前，福特汽车 (F.US)已缩减其电动汽车业务规划，不仅终止了与LG新能源价值9.6万亿韩元的电池合作协议，还终止 了与韩国SK Innovation在美国的合资项目。 回溯至2022年，本田与LG新能源曾宣布一项总额44亿美元的投资计划，拟在俄亥俄州建设电动汽车电 池工厂，原定于2025年底启动量产。 ...

【文/观察者网 潘昱辰 编辑/高莘】据路透社12月18日报道，随着欧盟放弃在2035年禁售内燃机汽车的 规定，分析师和专家表示，这为欧洲传统汽车制造商的转型争取了时间，但从长远来看，纯电动车仍然 是未来，欧盟的做法将很难继续与中国电动汽车产业竞争。 提供喘息空间 欧盟委员会的这一计划是在德国等国政府和当地汽车行业的游说下决定的。在新的规则下，插电混动车 型、增程式车型，甚至燃油车在2035年后仍能合法销售，此外，欧盟还提出一种新的小型电动车类别， 欧洲车企生产这种车型可以获得额外的信用额度。而就在今年3月，欧盟委员会还允许车企可以在三年 内实现2025年的排放目标，从而为汽车行业提供了喘息的空间。 据BBC报道，欧洲汽车制造商协会（ACEA）表示，目前电动汽车的市场需求太低，如果不改变规则， 制造商将面临数十亿欧元的处罚。 根据ACEA的行业数据，截至今年10月，欧盟纯电动汽车的销量同比增长25.7%，占总销量的16.4%，但 在南欧和东欧，其只占总销售额中的很小一部分。 据《纽约时报》报道，欧洲汽车行业分析师马蒂亚斯·施密特(Matthias Schmidt)表示，由于欧盟政策的转 型，保时捷、奔驰和宝马等 ...

Core Viewpoint - The European Commission is preparing to abandon the "2035 internal combustion engine ban," which would have completely prohibited the sale of internal combustion engine vehicles in the EU starting in 2035 [1]. Group 1: Policy Changes - The EU will lower the standards for banning the sale of gasoline and diesel new cars starting in 2035, allowing some plug-in hybrid vehicles and electric vehicles with fuel range extenders to be sold [2]. - The new proposal requires a 90% reduction in automotive exhaust emissions by 2035 compared to the current target of 100% reduction [2]. Group 2: Industry Response - European automakers are struggling to compete with Chinese electric vehicle manufacturers like Tesla and BYD, prompting this significant policy shift [3]. - Major manufacturers such as Volkswagen and Stellantis have been advocating for the EU to relax green targets and penalties, marking a critical moment for the automotive industry [3]. Group 3: Electric Vehicle Industry Concerns - The electric vehicle industry argues that this move will weaken investments in electric vehicles and further delay the EU's transition to electric mobility, potentially falling behind China [4]. - Executives from companies like Polestar express that retreating from a clear 100% zero-emission target to 90% could harm both climate goals and European competitiveness [4]. Group 4: Future Initiatives - The EU plans to refine initiatives to promote the share of electric vehicles in corporate fleets, which account for about 60% of new car sales in Europe [4]. - There may be proposals for a new regulatory category for small electric vehicles, which would incur lower taxes and earn additional credits towards carbon emission targets [4].

Group 1 - The Pakistani automotive industry has shown a positive recovery trend since 2025, with total vehicle sales reaching 59,600 units from June to October 2025, a 46% increase year-on-year [1] - In October 2025 alone, sales of cars, vans, pickups, and SUVs reached 17,333 units, reflecting a 32% year-on-year growth [1] - The automotive financing sector has also experienced significant growth, with total financing rising from 236 billion PKR (approximately 949.6 million USD) in October 2024 to 315 billion PKR, marking a year-on-year increase of 33.7% [1] Group 2 - Despite the growth, the industry faces challenges, including the influx of used imported cars, with 4,423 units imported in July 2025, resulting in losses of approximately 6.5 billion PKR for local dealers [2] - Over the past decade, Pakistan has averaged 34,000 used car imports annually, with imports nearing 40,000 units in the 2024-25 fiscal year, accounting for nearly 25% of the market share, leading to an estimated revenue loss of 60 billion PKR for local parts manufacturers [2] - The transition to electric vehicles (EVs) is hindered by inadequate infrastructure, with only 35 public charging stations nationwide, equating to 0.15 stations per million people, and high upfront costs making EVs unaffordable for average consumers [2]

Core Viewpoint - The rising debt refinancing costs for ZF Friedrichshafen AG highlight the challenges facing the German automotive industry, indicating that the difficulties are spreading throughout the supply chain [1][2]. Group 1: Financial Challenges - ZF Friedrichshafen's recent five-year euro bond interest rate has surged to 7%, compared to just 2% in 2019, reflecting the increased credit costs and financial pressure on the company [1]. - The company faces over €2 billion (approximately $2.3 billion) in debt maturing annually from 2027 to 2030, which will continue to impact its financial performance [1]. - Moody's analyst noted that ZF Friedrichshafen's credit rating is at the lower end of Ba2, indicating higher credit risk, and maintaining this rating may become difficult if conditions do not improve [2]. Group 2: Workforce Reductions - ZF Friedrichshafen plans to cut thousands of jobs, including approximately 7,600 positions in its electric drive division, as part of a broader plan to reduce up to 14,000 jobs in Germany [3][4]. - Bosch, another major supplier, is also planning to lay off about 13,000 employees in its automotive and smart transportation technology division by 2030 [3]. Group 3: Market Dynamics - The company’s debt stems from two significant acquisitions totaling around $20 billion aimed at enhancing its electric vehicle and software-defined vehicle offerings, but the slowdown in the electric vehicle transition and increased competition from Chinese firms pose ongoing challenges [1][3]. - The German automotive industry has seen nearly 50,000 job cuts this year, with suppliers being the fastest shrinking segment of this historically significant industrial sector [6]. Group 4: Investment and Restructuring - ZF Friedrichshafen is restructuring its German operations to enhance competitiveness, but there is a concerning trend of companies cutting investments and relocating production abroad [2][6]. - The lack of a financially strong shareholder to inject new capital complicates ZF Friedrichshafen's restructuring efforts, as it is primarily owned by a foundation and cannot raise funds through equity markets like some competitors [6]. Group 5: Industry Outlook - The German automotive sector is facing a significant downturn, with a record number of bankruptcies reported last year and predictions of a 30% increase in large supplier bankruptcies this year [6]. - The automotive industry is under pressure as banks are hesitant to provide additional credit, making restructuring more challenging for companies like Webasto AG [7].

Core Viewpoint - Honda Motor Co. has lowered its annual profit forecast by approximately 20%, citing a 25% decline in operating profit for the second fiscal quarter due to U.S. import tariffs and one-time costs associated with electric vehicles [1] Financial Performance - The revised annual operating profit forecast for the fiscal year ending March 2026 is now 550 billion yen (approximately $3.65 billion), down from the previous estimate of 700 billion yen, reflecting a 21% reduction [1] - For the quarter from July to September, Honda reported an operating profit of 194 billion yen (approximately $1.29 billion), which fell short of the average analyst expectation of 212.1 billion yen and decreased from 257.9 billion yen in the same period last year [2] - For the six months ending September 30, 2025, the company experienced a significant decline in comprehensive profit attributable to owners, which dropped 37% to 311.8 billion yen (approximately $2.03 billion) [3] - The diluted earnings per share for the same period were 76.30 yen, down from 103.25 yen year-over-year [3][4] Market Conditions - The company’s revenue for the first half of the fiscal year 2026 was 10.6 trillion yen, reflecting a slight decline of 1.5% year-over-year, indicating challenges in the macroeconomic environment and currency fluctuations [3] - The operating profit for the same period decreased by 41% to 438.1 billion yen, attributed to rising raw material costs and slow recovery in major export markets [3][4]

Core Insights - The German automotive industry, once a global leader, is facing significant layoffs due to declining demand, high production costs, and challenges in the transition to electric vehicles [1][2] - An estimated 200,000 jobs may be lost in the coming years, with 51,500 layoffs reported in the past year alone, representing 6.7% of the workforce in the automotive sector [1] - Major automakers like Volkswagen, Mercedes-Benz, and BMW have reported substantial profit declines, with Volkswagen's net profit down 61.5% year-on-year [1][2] Group 1: Industry Challenges - The automotive sector's struggles are attributed to insufficient profitability, with Volkswagen reporting a net profit of only €3.4 billion in the first three quarters of the year [1] - The transition to electric vehicles has been slow, with German manufacturers lagging behind competitors, particularly from China, which have gained market share due to better designs and technology [4][5] - The industry's historical reliance on brand image is becoming less effective against competitors focused on technological innovation [5] Group 2: Policy and Political Factors - Recent political decisions, including the German Chancellor's commitment to delay the EU's ban on new internal combustion engine vehicles, may disrupt the industry's transition to electric vehicles [2][9] - The cancellation of subsidies for electric vehicles has increased consumer costs and suppressed demand, further complicating the industry's recovery [6][10] - The political instability and inconsistent policies have led to a cautious investment climate, with many suppliers planning layoffs and postponing investments [10] Group 3: Future Outlook - The automotive industry is at a crossroads, needing to balance traditional manufacturing with the urgent need for innovation in electric vehicles and autonomous driving technology [8][9] - The competitive landscape is intensifying, with external pressures such as tariffs from the U.S. and the rise of Chinese electric vehicle manufacturers posing significant threats [10] - A unified policy approach is essential for the industry to regain its footing and navigate the challenges ahead [10]