(本文来自第一财经) 2026年1月6日，蔚来公司第100万台量产车在位于安徽合肥的蔚来先进制造新桥二工厂下线。仪式现 场，蔚来创始人、董事长、CEO李斌表示，未来将保持每年40%~50%的销量增长；同时，到2030年充 换电站都突破一万座。（第一财经记者 葛慧） ...

n OEM net cash increase from US$15.6bn (Rmb111bn) equity fundraising (Exhibit 6) despite shortening payable days. During 2025, we estimate a total of US$15.6bn (Rmb111bn) was raised by China auto OEMs through equity issuance, which has enabled sustained new product investment and market competition. Meanwhile, loss-making OEMs were also provided more capacity to manage the cash burn, making industry consolidation difficult to occur, in our view. For 2026, we expect another year of intense competition with 1 ...

每经AI快讯，小鹏汽车-W(09868.HK)涨超3%，截至发稿涨3.2%，报79.1港元，成交额2.08亿港元。 ...

1月6日，特斯拉中国为购买Model 3和Model Y、Model Y L车型提供7年超低利息购车方案。Model 3/Y 首付7.99万起，月供可低至1918元；Model Y L首付9.99万起，月供可低至2947元。 此外，特斯拉还提供5年0息购车方案。 数据显示，特斯拉中国2025年批发销量总计851732辆，同比下降7.08%。 此外，特斯拉还提供5年0息购车方案。 责任编辑：李昂 数据显示，特斯拉中国2025年批发销量总计851732辆，同比下降7.08%。 1月6日，特斯拉中国为购买Model 3和Model Y、Model Y L车型提供7年超低利息购车方案。Model 3/Y 首付7.99万起，月供可低至1918元；Model Y L首付9.99万起，月供可低至2947元。 责任编辑：李昂 ...

Weapons manufacturers also advanced after Washington's military action. Lockheed Martin and General Dynamics climbed, while the S&P 500 aerospace and defense index rose to a record high. " "The lack of permanent boots on the ground, the fact that we're not permanently engaged, means the broader equity markets are able to ‌set aside what ‍might have been fears of a prolonged engagement," Haworth said. Tesla climbed 3.1% after seven straight ‍sessions of losses. Nvidia dipped 0.4% and Apple declined 1.4%. Th ...

Las Vegas, NV, Jan. 05, 2026 (GLOBE NEWSWIRE) -- Ahead of the opening of CES® 2026 in Las Vegas, NV, Sony Honda Mobility (SHM) held a press conference on January 5 (local time) to outline its evolving vision for the future of mobility and to debut the next chapter of AFEELA. Under the theme “Mobility as a Creative Entertainment Space,” the company presented AFEELA 1 as a pre-production model, which is the first production model scheduled to begin customer deliveries in the US late this year. They also reaff ...

Market Overview - US stock indices closed higher, with the Dow Jones up 1.23%, reaching a new historical high; the Nasdaq rose 0.69%, and the S&P 500 increased by 0.64% [1] - Chip stocks led the gains, with ASML hitting a record high, rising over 5%, and TSMC's stock price surged after Goldman Sachs raised its target price by 35% [1] - Major US oil companies also saw gains, with Chevron up 4.4% [1] - COMEX gold futures rose by 2.96% to $4457.6 per ounce, while silver futures increased by 7.63% to $76.43 per ounce [1] Oil Market - WTI crude oil futures for February rose by 1.74%, and Brent crude for March increased by 1.66% [2] - Saudi Arabia set the official selling price for Arab Light crude oil to Asia at a premium of $0.3 per barrel over the Oman/Dubai average [2] - The US Energy Secretary plans to discuss revitalizing Venezuela's energy sector with oil executives [2] Chinese Market Insights - Goldman Sachs recommends overweighting Chinese stocks, predicting a 15% to 20% annual increase in the Chinese stock market for 2026 and 2027 [2] - The Nasdaq China Golden Dragon Index rose by 0.49%, and the FTSE A50 index increased by 0.58% [2] - The onshore RMB appreciated against the USD, closing at 6.9806, up 84 points from the previous trading day [2] Commercial Aerospace Developments - China Aerospace Science and Technology Corporation increased the registered capital of its commercial rocket subsidiary from 1 billion to 1.396 billion yuan, a 77.6% increase [3] - The commercial aerospace sector saw significant gains in the stock market, with companies like Leike Defense and China Satellite Communications experiencing multiple-day stock increases [3] Automotive Industry Performance - BAIC Blue Valley reported December sales of 35,200 units, a year-on-year increase of 114.56%, leading the growth among peers [5] - GAC Group signed a comprehensive cooperation framework agreement with Huawei to enhance collaboration on smart cockpit technologies [5] - Tesla's Shanghai Gigafactory delivered over 97,100 units in December 2025, marking an 11% month-on-month increase [16] Semiconductor and AI Developments - Samsung and SK Hynix are seeking to raise server DRAM prices by 70% [7] - NVIDIA introduced the BlueField-4 data processor and plans to test a self-driving taxi service by 2027 [14] - Qualcomm unveiled a next-generation robotics architecture at CES, integrating hardware, software, and AI [14] Gaming Industry Trends - The domestic gaming market achieved a record revenue of 350.79 billion yuan in 2025, growing by 7.68% year-on-year [10] - WeChat Mini Games announced an upgrade to its in-app purchase incentive policy starting January 1, 2026, to encourage quality content creation [10] Macro Economic Developments - The State Council emphasized the importance of agricultural technology and core technology breakthroughs in key agricultural sectors [11] - China's high-speed rail network has surpassed 50,000 kilometers, with plans for further expansion during the 14th Five-Year Plan [11]

新近开业的股份制银行系金融资产投资公司（AIC），正以市场化债转股为核心工具，成为支持科技创 新的"耐心资本"。自2025年11月开业以来，兴银投资、招银投资、信银金投在短时间内便完成了首批项 目落地，将资金精准引至新能源、新材料等领域。其中，仅兴银投资一家，截至2025年12月31日，累计 投放规模就超60亿元，顺利落地首批10余个投资项目。 新华财经北京1月6日电四大证券报内容精华摘要如下： 中国证券报 ·证监会：持续增强财务造假综合惩防效率效果 证监会1月5日召开资本市场财务造假综合惩防体系跨部门工作推进座谈会。会议指出，党中央国务院高 度重视资本市场稳定健康发展，要充分认识财务造假背后的利益驱动和长期性复杂性，进一步坚定信 心，强化监管合力，继续共同扛起打击和防范资本市场财务造假的政治责任。证监会将继续主动积极会 同各部门以更实的举措持续增强综合惩防效率效果，不断推动提升上市公司质量和投资价值，有效保护 投资者合法权益，全力护航资本市场高质量发展，为中国式现代化贡献力量。 ·开业月余三家股份行AIC密集投向"硬科技" ·脑机接口板块领涨市场上证指数"十二连阳" 1月5日，A股市场放量走强，在2026年 ...

Market Overview - The average daily foot traffic for the integrated store, including 3C and large appliances, ranges from 200 to 500 customers, with weekends seeing up to 1,000. However, foot traffic in December decreased by approximately 20% compared to previous months, indicating a higher level of customer hesitation as the year ends [1] - Customers transitioning from competitors like Tesla or Xiaopeng are often more decisive, with a strong conversion rate attributed to product appeal and brand recognition [1] Sales Insights - In mid-December, manufacturers offered exhibition and current vehicle policies, with standard models having a waiting time of over 30 weeks, while Pro and Max configurations could be delivered in about one month under specific conditions. The standard version remains the best seller, accounting for 50% of sales, while Pro and Max configurations make up 40% and 10%, respectively [2] - The most challenging colors to sell are orange and white, with orange now discontinued. White requires a 7,000 yuan optional upgrade, making other colors like purple more appealing to customers [3] Configuration Preferences - The Max configuration, which includes luxury features like electric doors and high-power all-wheel drive, is less popular due to its higher price point. Most customers prefer the Pro model, which has a significantly shorter delivery time of four to six weeks compared to the standard version [4] - The SU7 model has maintained stable policies since its launch, offering an 8,000 yuan Napa leather upgrade and a 26,000 yuan lifetime free updates package for advanced driving assistance, which is appealing to customers who prioritize seat quality [6] Customer Demographics - Approximately 80% of customers are under 40 years old, with over 60% being female. The customer base is diverse, including professionals such as doctors, teachers, and civil servants, with 70% of purchases being replacements or additional vehicles [11] - A notable case involved a 60-year-old executive who switched from Tesla, demonstrating that older customers can also be decisive buyers when they have a clear intention [14] Competitive Landscape - The primary competitors are Tesla, accounting for about 60% of comparisons, with the remaining 40% being domestic electric vehicles like Zeekr, Xiaopeng, and Zhiji. The Model 3 is frequently used as a benchmark for comparisons regarding size, interior luxury, and resale value [11] - A customer who purchased the Pro model reported minimal depreciation, primarily losing only the cost of insurance, while other brands typically see a depreciation rate of around 60-70% after one year [12] Customer Complaints - The main issue reported by customers is the long waiting time for vehicle delivery, which previously ranged from 30 to 50 weeks. Although the wait times have significantly decreased, customer impatience remains a challenge [16]

Core Viewpoint - The article emphasizes that in the pursuit of general physical intelligence, the model serves as the ceiling while the data infrastructure acts as the floor, highlighting the importance of both elements working in tandem to create a competitive barrier [2]. Group 1: Shift in Talent Demand - There has been a noticeable shift in the automatic driving and AI sectors, with a growing emphasis on recruiting talent for "data infrastructure" [3]. - Leading companies like Tesla and Wayve are focusing on extracting data from large-scale fleets to build automatic scoring systems rather than relying solely on manually written rules [4]. - The consensus is that while model algorithms are becoming rapidly replaceable, the foundational infrastructure for data extraction and defining quality remains a significant competitive advantage once established [6]. Group 2: Evolution of Physical AI - The article outlines three evolutionary stages of "Physical AI" using references from popular anime, illustrating the progression from early simulation to advanced world models [8]. - The first stage involves basic simulation and remote teaching, while the second stage incorporates augmented reality, overlaying virtual elements onto the real world [10][12]. - The third stage envisions a world model where AI can train in accelerated time, significantly enhancing learning efficiency [14]. Group 3: Data Infrastructure and World Models - The construction of a robust data infrastructure is essential for translating the chaotic physical world into a comprehensible format for world models [16]. - The article discusses various layers of data processing, including metrics for physical world perception, data classification, and automated evaluation systems [17][21][23]. - The ultimate goal is to create a closed-loop system where real-world data informs and refines AI training, enabling rapid iteration and improvement [18][20]. Group 4: Future of Physical AI - The transition from a "Bug Driven" approach to a "Data Driven" model is crucial for the advancement of physical AI [24]. - The article argues that while models may evolve quickly, the foundational infrastructure for data collection and processing will remain invaluable [27]. - The future development of AI will likely rely on a symbiotic relationship between world models as generators and data infrastructure as discriminators, ensuring that AI systems are grounded in reality [36][38].