2026年1月1日，中国新能源汽车主要上市公司纷纷发布2025年12月以及全年汽车销量数据。新能源汽车新年首份"成绩单"显示，在造车新势力中，零跑汽 车、小鹏汽车实现了2025年全年新能源汽车交付量翻倍增长；作为新能源汽车行业龙头的比亚迪全年累计新车销量超过460万辆，同比增长7.73%；小米 集团全年新车交付量超过35万辆；和华为合作的赛力斯全年新车交付超过42万辆。 2025年12月30日，国家发展改革委、财政部印发《关于2026年实施大规模设备更新和消费品以旧换新政策的通知》（简称"通知"）。相较2025年的"两新 政策"，2026年的新政策对于补贴标准有进一步优化——补贴方式从定额改为按车价比例，上限维持不变。中国汽车流通协会乘用车市场信息联席分会 （简称"乘联会"）秘书长崔东树对上海证券报记者表示，乘联会对2026年中国车市将实现"开门红"的判断不变。 2025年12月18日，比亚迪宣布，比亚迪第1500万辆新能源汽车下线。 2025年12月28日，零跑科技董事长朱江明，零跑2026年将向年销100万辆发起全面挑战。 零跑汽车领跑造车新势力 理想汽车累计交付超过150万辆 1月1日，零跑汽车介绍，2 ...

Core Insights - The new energy vehicle market in 2025 saw significant growth, with Leap Motor leading in sales, delivering nearly 600,000 units, while other brands faced challenges in meeting their annual targets [1][2][11] Sales Performance - Leap Motor achieved the highest sales with 596,555 units, followed by Lantu with 150,169 units, and Zhiji with 81,017 units [2] - The top-performing brands forming a leading group with annual sales exceeding 400,000 units include Leap Motor, Hongmeng Zhixing, Xiaopeng, Seres, Xiaomi, and Li Auto [2] Monthly Performance - In December 2025, over 60% of new energy vehicle brands set monthly delivery records, indicating a strong end-of-year performance [3] - Hongmeng Zhixing topped the December delivery chart with 89,611 units, marking three consecutive months of record deliveries [4] - Leap Motor delivered 60,423 units in December, maintaining a strong performance above 60,000 units [5] - Xiaomi's monthly deliveries surpassed 50,000 units, showing a significant increase compared to its average monthly performance [6] Target Achievement - Brands that exceeded their sales targets include: - Leap Motor: Target of 500,000 units, actual sales of 596,555 units, achieving 119.32% of the target [7] - Xiaopeng: Target of 350,000 units, actual sales of 429,445 units, achieving 122.69% of the target [7] - Xiaomi: Target of 350,000 units, actual sales over 410,000 units, achieving approximately 117.14% of the target [7] - Brands facing pressure in meeting their targets include: - NIO: Target of 440,000 units, actual sales of 326,028 units, achieving 74.09% of the target [8] - Li Auto: Adjusted target of 640,000 units, actual sales of approximately 406,315 units, achieving about 63.48% of the target [8] Policy Outlook - The automotive industry is expected to benefit from supportive policies in 2026, including continued subsidies for trade-ins and reduced vehicle purchase taxes for new energy vehicles [9][10] - These policies aim to stabilize market expectations and encourage consumer purchases, laying a foundation for steady growth in the automotive market in 2026 [10] Market Trends - The competitive landscape among new energy vehicle brands is becoming clearer, with significant growth in sales and a potential for further differentiation among brands in 2026 [11]

客户端 蔚来-SW（09866）发布公告，公司于2025年12月交付4.81万辆汽车，创下月度新高，同比增长54.6%。 有关交付包括公司旗下蔚来品牌的高端智能电动汽车3.19万辆，公司旗下乐道品牌的家庭智能电动汽车 9154辆，以及公司旗下萤火虫品牌的智能电动高端小车7084辆。公司于2025年第四季度交付12.48万辆 汽车，创下季度新高，同比增长71.7%。于2025年全年，总交付量达到32.6万辆汽车，同比增长46.9%。 截至2025年12月31日，公司累计汽车交付量达99.76万辆。 2025年12月，该公司的全场景科技旗舰SUV，蔚来全新ES8累计交付量突破4万辆，创下中国人民币40 万元以上纯电汽车的最快交付纪录。凭借行业领先的智能电动汽车技术，以及可充、可换、可升级的全 场景补能网络的支持，全新ES8巩固了其在大三排SUV细分市场的领先地位，充分展现出卓越的产品竞 争力及广泛的用户认可。 责任编辑：卢昱君 蔚来-SW（09866）发布公告，公司于2025年12月交付4.81万辆汽车，创下月度新高，同比增长54.6%。 有关交付包括公司旗下蔚来品牌的高端智能电动汽车3.19万辆，公司旗下乐道品 ...

2025年，造车新势力们交上了一份亮眼的答卷。 2026年1月1日，理想汽车、蔚来、零跑等11家造车新势力车企披露2025年12月及全年交付数据。 全年来看，零跑汽车以596555辆登顶新势力车企年度销量冠军，鸿蒙智行589107辆紧随其后，小鹏汽车 429445辆位列第三，赛力斯（超42万辆）、小米汽车（超41万辆）、理想汽车（约406315辆）、蔚来 （326028辆）、极氪（224133辆）、岚图汽车（150169辆）、智己汽车（81017辆）、广汽埃安昊铂BU （12月销量40066辆，全年数据未完整披露）依次跻身榜单。 从交付表现来看，年末冲刺阶段多家品牌创下月度纪录，全年新能源赛道延续高增长态势，头部阵营格 局明晰，高端化成果进一步凸显。 12月鸿蒙智行破8.9万居首 超六成品牌创月度纪录 作为汽车行业年末冲量的惯例，2025年12月造车新势力交付量迎来集中爆发，超六成品牌创月度交付纪 录，为全年销量画上圆满句号。 从单月数据看，鸿蒙智行以89611辆成为12月交付冠军，连续三个月创下历史新高，较2024年12月的 49474辆增长81%，华为生态赋能下的市场认可度持续攀升。 零跑汽车紧随其后，1 ...

Group 1 - The "Reading City" subway special train in Lishui, Nanjing, officially launched on January 1, 2026, themed "A Thousand Miles Around the City, Three Thousand Years of Reading the City" [1] - The special train operates on Nanjing Metro Line 1, integrating historical culture, natural landscapes, and modern industries, showcasing 23 core landmarks in the area [1][8] - The train serves as a "mobile cultural museum," transforming the subway line into a panoramic display of Lishui's charm [1] Group 2 - The special train highlights significant cultural symbols, including the provincial-level cultural heritage site Yongshou Temple Tower and the historical village of Zhujia, as well as natural attractions like Shijiu Lake and Wuxiang Mountain National Forest Park [8] - It also focuses on modern development, introducing the new energy vehicle industry, which is projected to produce 124,000 units in 2024 and exceed 65 billion yuan in output value by 2025 [8] - The initiative aims to innovate urban cultural communication and promote deep integration of culture and tourism, allowing citizens and visitors to experience Lishui's historical depth and ecological beauty during their daily commutes [8]

今日关注 1、交通运输部：2026年1月1日全社会跨区域人员流动量20813万人次，环比增长0.2%，同比增长21%。 其中：铁路客运量1825万人次，公路人员流动量18726万人次，水路客运量67万人次，民航客运量195万 人次。 2、全国数据工作会议2025年12月29日至30日在京召开。会议要求提到，着力推进数据科技创新和产业 创新深度融合，推动数据科技创新，加快数据产业发展，梯次培育数字产业集群。加力推进数据基础设 施建设和运营，推动数据基础设施规模化部署、系统化应用、一体化发展，持续推进数据基础设施建 设。 宏观经济 1、商务部：2025年，以旧换新相关商品销售额超2.6万亿元，惠及超3.6亿人次。其中，汽车以旧换新超 1150万辆，家电以旧换新超1.29亿件，手机等数码产品购新超9100万部，家装厨卫"焕新"超1.2亿件，电 动自行车以旧换新超1250万辆。 2、2026年1月1日，国家电影局发布2025年全年电影票房统计数据：2025年全国电影票房达518.32亿 元，总观影人次达12.38亿，对比2024年均有超20%的涨幅；国产电影票房412.93亿元，占比为79.67%， 略高于2024年 ...

Group 1 - The article discusses the unexpected admission by the Trump administration of a significant failure in its trade policy towards China, highlighting that the U.S. underestimated China's response to tariffs [2][20] - The initial strategy involved imposing a 54% tariff on Chinese goods, with expectations that China would seek negotiations, but the response was a direct counterattack with substantial tariffs from China [8][11] - The U.S. faced rising inflation and increased costs for consumers and businesses, with a reported inflation rate of 2.3% by April 2025, significantly impacting American households [17][19] Group 2 - The article outlines three key strategies that China employed to counter U.S. tariffs: diversifying trade partnerships, advancing technology independence, and controlling rare earth resources [24][26][28] - China's trade with Africa and ASEAN increased significantly, demonstrating its ability to pivot away from reliance on the U.S. market [24] - The article emphasizes that China's advancements in chip manufacturing and rare earth processing have positioned it as a critical player in global supply chains, undermining U.S. efforts to isolate it [26][28] Group 3 - The U.S. has seen a decline in manufacturing jobs, dropping from 12.98 million to 12.8 million, attributed to increased costs and supply chain disruptions caused by tariffs [20] - The article notes that the geopolitical landscape has shifted, with allies reluctant to support U.S. tariffs against China, indicating a loss of U.S. influence [34] - The narrative concludes that the era of U.S. dominance in dictating global trade terms is over, as evidenced by the changing dynamics in the U.S.-China relationship [35][39]

Group 1 - The Ministry of Commerce of China has expressed concerns over the EU's Carbon Border Adjustment Mechanism (CBAM), highlighting that the EU's default carbon emission intensity values for Chinese products are set too high and do not reflect China's actual levels and future development trends, which could lead to unfair treatment [3] Group 2 - BYD reported a total of 4,602,436 new energy vehicle sales for the year 2025, marking a year-on-year increase of 7.73%, while December sales were 420,398 units, down approximately 18.2% year-on-year [4] - Geely's total vehicle sales for December 2025 reached 236,817 units, a year-on-year increase of about 13%, with annual sales totaling 3,024,567 units, up approximately 39% [4] - New energy vehicle brands like Leap Motor, Xiaomi, and Hongmeng Zhixing achieved record high sales in December, with Leap Motor leading the market with nearly 600,000 units sold [4] Group 3 - The National Data Work Conference emphasized that 2026 will be the "Year of Data Value Release," aiming to enhance data flow and resource allocation channels, thereby integrating data factors into the economic value creation process [5] - Starting January 1, 2026, the implementation regulations for the Value-Added Tax Law will take effect, which is expected to strengthen taxpayer rights and support the smooth implementation of the VAT law [5] - Deutsche Bank forecasts that consumption will continue to be the main engine of China's economic growth in 2026, contributing 2.8 percentage points to GDP [5] Group 4 - The Hainan Free Trade Port has shown a steady increase in passenger and cargo transport volume since its closure, indicating the initial effects of the port's operations [6] - In 2025, the total sales from the "old-for-new" replacement program exceeded 2.6 trillion yuan, benefiting over 360 million people, with significant contributions from the automotive sector [6] - Starting January 1, 2026, Jiangxi Province will implement a new "old-for-new" consumption policy covering various sectors, including automobiles and home appliances [6] Group 5 - By the end of 2025, the total scale of ETFs in China surpassed 6 trillion yuan, with eight ETFs experiencing annual growth rates exceeding 100%, marking a historical high for the number of doubling ETFs [7] - As of now, 15 brokerage firms have released their January stock recommendations, covering 114 A-shares, with Zhongji Xuchuang, Zijin Mining, and China Duty Free being the most popular picks [8] Group 6 - The domestic box office in China reached 51.832 billion yuan in 2025, a year-on-year increase of 21.95%, with domestic films accounting for 79.67% of the total box office [10] - The film "Zootopia 2" has surpassed 4.1 billion yuan in cumulative box office, entering the top 10 in Chinese film history [10] Group 7 - The establishment of "Moutai Digital Technology Co., Ltd." by Kweichow Moutai aims to enhance its digital business, with the iMoutai app becoming part of this new entity [11] - Kweichow Moutai's product sales on the iMoutai platform sold out on January 1, 2026, indicating strong consumer demand [11] Group 8 - The Indian government has introduced a new tax on cigarettes, which is expected to increase the smoking costs for approximately 100 million smokers in the country [15]

Core Viewpoint - The article highlights the contributions of Chinese technology professionals in various fields such as integrated circuits, artificial intelligence, and biomedicine, emphasizing their role in advancing China's technological independence and innovation [1][4][6]. Group 1: Integrated Circuits - The chairman of Loongson Technology, Hu Weiwu, emphasizes the importance of developing core technologies through persistent effort, stating that there are no shortcuts and that one must steadily pursue progress [4][6]. - In 2020, Loongson launched its fully autonomous LoongArch architecture, marking a significant step in building China's independent information system [6]. Group 2: Space Exploration - Aerospace designer Jia Yang shares the story of the Zhurong Mars rover, which was designed to navigate challenging terrains and extreme temperatures, showcasing innovative engineering solutions [7][9]. - Jia emphasizes the joy of exploration and the integration of personal passion with professional work, reflecting on his two-decade journey in deep space exploration [9]. Group 3: Artificial Intelligence - Wang Shaolan, president of Zhiyuan Technology, discusses the development of large AI models, stressing the importance of mastering key technologies domestically, especially after facing external restrictions [11][13]. - The team has successfully released a trillion-parameter model and made it open-source, breaking through foreign architectural barriers [13]. Group 4: Pharmaceutical Innovation - Sun Yinghui, deputy general manager of Shouyao Holdings, focuses on the challenges of making innovative drugs accessible, particularly in the field of lung cancer treatment [15]. - She highlights the responsibility of researchers in developing drugs that can significantly impact patients' lives, emphasizing the need for precision in treatment [15]. Group 5: Automotive Industry - Xiaomi engineer Fang Kan reflects on the challenges faced by the Chinese automotive industry, particularly in developing small molecule targeted drugs and electric vehicles [16][19]. - He shares the story of Xiaomi's journey in car manufacturing, illustrating the importance of perseverance and innovation in overcoming obstacles [19][21]. Group 6: Telecommunications - Sun Lixin, CEO of Baicai Technology, recounts the evolution of China's telecommunications from reliance on foreign technology to leading in 5G and 6G standards [21][23]. - He attributes this progress to the dedication and efforts of generations of telecommunications professionals, showcasing the collective capability to achieve significant advancements [23].

长三角地区名城众多，南京凭什么成为新的产业高地？ 2025年冬的南京，产业布局的热度高企。ABB砸下15亿建传动产品超级工厂，瞄准人形机器人"小脑"级 别的运动控制技术。京东百亿级研发中心在建邺区正式开工，要建设辐射华东的"战略桥头堡"。小米汽 车交付中心里人流如织，已带动20多家生态链企业在此扎根。 南京积淀多年，让企业能扎根、成长、壮大的系统性优势，迎来了收获期。 国家红利叠加，把区位优势变成发展的确定性 企业选址布局，最看重确定性。南京的确定性，来自国家战略的多重叠加，以及把区位优势转化为产业 动能的硬实力。 作为新兴倡议交汇点枢纽、长江经济带与长三角一体化的叠加区，南京在全国经济版图中的定位早已明 确。2025年南京"十五五"规划建议进一步强化这一优势，今年南京重点推进轨道交通与 根据两个年内发布的独角兽企业报告，南京分别有9家、8家企业上榜全国及全球独角兽榜单，潜在独角 兽和瞪羚企业总数稳居全省前列。 ...