Group 1 - The overall retail and wholesale data for passenger cars in December 2025 showed a decline, with retail down 19% year-on-year and wholesale down 23% year-on-year, but this did not affect the steady growth of new energy vehicle (NEV) sales [2] - BYD achieved a December sales figure of 420,398 units and a total annual sales of 4,602,436 units, maintaining its position as the global leader in NEV sales [7] - SAIC-GM-Wuling's annual NEV sales exceeded 1 million units, with a year-on-year growth of 31.9%, and its NEV penetration rate increased from 50% to 61% [10] Group 2 - Leap Motor delivered 60,423 vehicles in December 2025, achieving a total annual delivery of 596,555 units, representing a year-on-year growth of 103% [13] - Xiaomi's December sales exceeded 50,000 units, contributing to an annual total of over 400,000 units, successfully meeting its sales target [14] - NIO delivered 48,135 vehicles in December, marking a historical high with a year-on-year growth of 54.6%, and an annual total of 326,028 vehicles [17] Group 3 - Li Auto delivered 44,246 vehicles in December, bringing its total annual sales to 406,343 units [20] - Xpeng Motors achieved a record annual delivery of 429,445 vehicles, exceeding its revised target of 380,000 units, with December sales of 37,508 units [22] - Deep Blue's December sales reached 30,999 units, contributing to an annual total of over 330,000 units [26] Group 4 - Zeekr delivered 30,267 vehicles in December, achieving a total annual sales of over 224,000 units, with a year-on-year growth [28] - Lantu's December sales exceeded 15,900 units, with an annual total of 150,169 units, reflecting a year-on-year growth of 87% [30] - IM Motors achieved an annual sales figure of 81,017 units, with December sales of 11,818 units [35] Group 5 - Avita's annual sales surpassed 120,000 units, with December sales of 10,470 units, marking ten consecutive months of sales exceeding 10,000 units [37] - Extreme Stone's December sales reached 2,528 units, with an annual total of 15,318 units, nearly tripling from the previous year [40] - Hongmeng Zhixing delivered 589,107 vehicles in 2025, with December sales of 89,611 units, marking a historical high for three consecutive months [42]

文章认为，中国的气候引领地位，源于务实主义的驱动，更与贸易发展紧密相连。与西方国家不同，中 国从不谋求输出意识形态或追求文化霸权，而是凭借政策执行力、长远的战略规划、持续的技术投入， 以及对既定国家目标的坚定追求，在全球尚未广泛察觉之际，稳步跻身气候治理先行者行列。 "无论以何种标准衡量，中国作为绿色发展领军者的崛起速度都令人惊叹。"文章援引数据指出，2024年 全球三分之二的电动汽车销量来自中国，国内市场新车销量中新能源汽车占比高达五成，而这一比例在 美国仅为10%左右，在欧洲约为20%。目前，中国的电动汽车产量占全球总量的70%以上，同时掌控着 全球85%的电池供应链。 除交通领域外，中国还是全球最大的清洁能源投资国。2024年，中国对清洁能源领域的投资已超过6250 亿美元，占全球总投资额的31%，可再生能源装机容量更是美国的四倍有余。不仅如此，中国每年新增 的太阳能光伏装机量超过全球其他国家新增装机量的总和，还成功降低了全球范围内的光伏发电成本。 文章称，中国将发展目标与净零排放愿景有机融合的治理模式，在西方的相关讨论中颇为少见。在中国 看来，气候政策绝非单纯的可持续发展议题，而是国家安全的重要支柱。 ...

Core Viewpoint - Lei Jun and Xiaomi are currently facing significant public scrutiny, with various criticisms circulating online, prompting Lei Jun to address these issues directly in a recent live stream [1][3]. Group 1: Public Criticism and Response - Lei Jun acknowledged the prevalence of negative online content about Xiaomi, emphasizing that while criticism can generate attention, it should be fair and not malicious [3][5]. - The company has seen a reduction in professional smear campaigns against it, indicating a proactive approach to managing its online reputation [5]. - Xiaomi is committed to listening to constructive criticism from genuine users and has already made changes in response to feedback, such as addressing "small print marketing" issues [5][7]. Group 2: Specific Controversies Addressed - The term "200 kilometers instant braking" was clarified by Lei Jun as a personal observation rather than a definitive claim, suggesting that some criticisms are overly pedantic [9]. - The controversy surrounding "Xiaomi not allowing farmers to sell millet" was addressed by Lei Jun, who expressed his anger at the misunderstanding, asserting that Xiaomi supports agricultural initiatives [11]. - The claim of "7000 legal affairs" was dismissed by Lei Jun, who stated that the company does not have such a large legal team, but acknowledged the need to strengthen its legal department to combat misinformation [13].

小鹏汽车发布消息称，新款小鹏P7+和G7正式开启一车双能时代，1月8日将在中国正式上市，1月9日正 式在欧洲上市。 ...

Core Viewpoint - BYD has surpassed Tesla in electric vehicle deliveries, claiming the title of "global electric vehicle sales champion" for the first time, marking a significant shift in the competitive landscape of the electric vehicle market [1][11]. Group 1: Tesla's Performance - Tesla's fourth-quarter delivery volume decreased by 15.6% year-on-year, totaling 418,227 vehicles, which was below analysts' expectations of 440,907 vehicles [5][15]. - For the entire year of 2025, Tesla's delivery volume fell by 8.6%, marking the second consecutive year of decline [5][15]. - The decline in Tesla's sales is attributed to the expiration of the U.S. federal electric vehicle tax credit in September 2025, which previously incentivized purchases [5][15]. Group 2: BYD's Growth - BYD reported a 28% year-on-year increase in pure electric vehicle sales for 2025, reaching 2.25 million units [7][17]. - In contrast, Tesla's total annual deliveries were 1.64 million, reflecting an 8.6% decrease [7][17]. - BYD is also experiencing rapid growth in overseas markets, particularly in Latin America and Southeast Asia, with plans to expand production in Brazil and increase exports to Europe [19]. Group 3: Market Dynamics - Tesla is facing increased competition not only from BYD but also from established European automakers, such as Volkswagen, which have surpassed Tesla in electric vehicle sales in Europe [11][22]. - Analysts predict that the U.S. electric vehicle market may struggle in 2026, with a potential turning point expected in 2027 when more manufacturers introduce electric vehicles priced below $30,000 [5][15].

Core Viewpoint - BYD reported its December 2025 and full-year sales data, showing a total of 420,400 electric vehicles sold in December, with a total annual sales of 4,602,436 units, reflecting a year-on-year growth of 7.73% [1][9]. Sales Data Summary - In December 2025, BYD's total sales of new energy vehicles reached 420,400 units, including 414,800 passenger cars, 190,700 pure electric vehicles, and 223,800 plug-in hybrid vehicles [1][2]. - For the entire year of 2025, BYD's cumulative sales of new energy vehicles amounted to 4,602,436 units, with passenger car sales at 4,545,423 units, pure electric vehicle sales at 2,256,714 units (up 27.86%), and plug-in hybrid vehicle sales at 2,288,709 units (down 7.91%) [1][2][12]. Brand Performance - The Dynasty and Ocean networks contributed significantly to sales, with December sales of 344,900 units, including 155,436 units from the Dynasty network and 188,838 units from the Ocean network [3][13]. - The Dynasty network's annual cumulative sales reached 1,885,203 units, while the Ocean network's annual sales totaled 2,220,008 units [4][14]. Export Performance - In December, BYD exported 133,200 new energy vehicles, with total overseas sales for 2025 exceeding 1 million units, marking a 145% year-on-year increase [10][19]. - The company is enhancing its competitiveness in overseas markets through localized production and self-shipping strategies to mitigate high tariffs in regions like Europe and the US [19]. Milestones - BYD announced the production of its 15 millionth new energy vehicle on December 18, 2025, highlighting a significant milestone for the Chinese automotive industry [10][19].

二、预计26年国内电动车持续增长，海外电动化长期向好 2.1 国内新能源车：预计2026年国内新能源汽车销量有望达到1656万辆，同比 +13.8% 2025 年 1-10 月国内新能源车销量保持稳定增长，新能源渗透率持续提升。根据中汽协数 据，10 月我国新能源汽 车销量 171.5 万辆，同环比+20.0%/+6.92%, 新能源车渗透率 51.6%, 同环比 +3.9/+1.9pcts ； 10 月 我 国 新能源 汽 车 产量 177.2 万辆 ， 同 环比 +21.1%/+9.6%。1-10 月我国新能源汽车累计销量 1294.3 万辆，同比+32.7%，新能 源车 渗透率 46.7%，同比+7.1pct；1-10月我国新能源汽车累计产量1301.5万辆，同比+33.1%。 新 能 源 车 出 口 持 续 保 持 较 高 增 长 。 10 月 新 能 源 汽 车 出 口 25.6 万 辆 , 同 环 比 +99.9%/+15.4%，其中， 纯电汽车出口 16.6 万辆，插混汽车出口 9.0 万辆；10 月汽车整 体出口 66.6 万辆，同环比+22.9%/+2.1%。1-10 月 新能源汽车累计出口 ...

Core Insights - In 2025, only three new energy vehicle brands, Leap Motor, Xiaomi, and Xpeng, achieved their annual sales targets, with Leap Motor emerging as the top performer with nearly 600,000 units sold, exceeding its target by over 19% [1][4] - The performance of traditional leading brands, often referred to as "Wei Xia Li" (Weilai, Xiaopeng, and Li Auto), showed significant divergence, with Xpeng achieving a 125.94% year-on-year growth, while Li Auto experienced an 18.81% decline in sales [2] - State-owned enterprises like Changan and Dongfeng are also facing challenges in scaling their new energy vehicle brands, with Deep Blue and Avita struggling to meet their revised sales targets [3] Group 1: Performance of New Energy Vehicle Brands - Leap Motor sold 596,555 units, achieving a target completion rate of 119.31% and a year-on-year growth of 103.10% [4] - Hongmeng Zhixing delivered 589,107 units, marking a 32% increase year-on-year [1][4] - Zeekr, after merging with Lynk & Co, reported a total delivery of 574,628 units, but fell short of its target with an 80.93% completion rate [4] Group 2: Performance of Traditional Leading Brands - Xpeng sold 429,445 units, achieving a target completion rate of 113.01% and a year-on-year growth of 125.94% [2][4] - Li Auto's sales reached 406,343 units, but this represented a significant decline of 18.81% compared to the previous year, with a completion rate of only 58.05% against its initial target of 700,000 units [2][4] - NIO delivered 326,028 units, reflecting a year-on-year growth of 46.88%, but its main brand saw a decline in performance compared to the previous year [2][4] Group 3: Performance of State-Owned Enterprises - Deep Blue, a brand under Changan, sold 333,117 units, achieving a completion rate of 92.53% after revising its target down to 360,000 units [3][4] - Avita's sales remained low at 128,772 units, with a completion rate of only 58.53% against its target of 220,000 units [3][4] - Dongfeng's brand, Lantu, sold 150,169 units, achieving a completion rate of 75.08% [3][4]

Core Viewpoint - The Henan Provincial Government has issued a set of policies aimed at accelerating the green and low-carbon development of the manufacturing industry, focusing on six key areas and introducing 21 measures to enhance the green competitive advantage of manufacturing in Henan [1][2]. Group 1: Green and Low-Carbon Transition - The policies emphasize the importance of developing resource and environment-friendly industries as a critical point for green and low-carbon development in manufacturing [1]. - The goal is to cultivate industries such as new energy vehicles, energy-saving and environmental protection equipment, hydrogen energy, new energy storage, new batteries, and intelligent computing, aiming for significant growth in these sectors by 2027 [1]. Group 2: Industry Scale and Targets - By 2027, the scale of the new energy vehicle and energy-saving environmental protection equipment industries is expected to reach 300 billion yuan each, while hydrogen energy, new energy storage, and new battery industries are projected to reach a scale of 100 billion yuan each [1]. - The initiative aims to establish over 10 large-scale computing centers with a computing power reaching E-level [1]. Group 3: Traditional Industry Transformation - A new round of green transformation will be implemented for 10 traditional industries, with a target of adding around 2,000 A-level, B-level, and performance-leading enterprises by 2027 [2]. - The focus will also be on achieving low (or zero) VOCs content in raw materials for key industries dealing with volatile organic compounds (VOCs) [2]. Group 4: Energy Consumption and Capacity Governance - The policies aim for clean and low-carbon energy to account for 25% of energy consumption in the manufacturing sector by 2027 [2]. - The initiative includes plans for the exit of outdated and inefficient production capacities by 2027 [2]. Group 5: Technological Innovation and Standards - The policies highlight the need for technological innovation, with a target to complete the revision of 30 green and low-carbon standards and promote 100 green and low-carbon technologies by 2027 [2]. - The establishment of 500 new green factories is also part of the plan [2]. Group 6: New Business Models and Financial Support - The initiative aims to foster new business models and scenarios for green low-carbon development by integrating digitalization with green practices, modern services with green manufacturing, and green products with green consumption [2]. - Financial tools such as green credit, green funds, and green insurance will be leveraged to support the green low-carbon development of the manufacturing sector [2].

党的二十届四中全会审议通过的《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》强 调，坚决破除阻碍全国统一大市场建设卡点堵点。规范地方政府经济促进行为，破除地方保护和市场分 割。当各种税收优惠、财政奖励和补贴"退潮"之后，招商引资靠什么？地方政府如何因地制宜提升投资 吸引力？记者深入一线采访，探访多个营商优选地，总结提炼各地在纵深推进全国统一大市场建设背景 下优化招商引资工作、推动高质量发展的新实践、新经验。今天推出宁波市北仑区的报道，敬请关注。 ——编者按 冬日，寒意料峭。走进浙江省宁波市北仑区机器人产业园，塔吊林立、桩机轰鸣，热火朝天的建设场景 随处可见。从空中俯瞰，凤凰城、甬江科创区北仑片区建设日新月异，不断刷新城市天际线。 向海而生、因港而兴。1984年，宁波经济技术开发区设立，初始面积仅3.9平方公里。1986年，北仑港 工业区设立，面积达70平方公里。1992年，两区的重点开发区域合并，形成了现在的宁波经济技术开发 区，2003年1月1日起，北仑区与宁波经济技术开发区实行"一套班子、两块牌子"的管理体制。如今，北 仑区域内拥有宁波经济技术开发区、宁波保税区、大榭开发区、宁波出口加工区、梅 ...