Oil Market - Oil prices fell, with U.S. benchmark crude trading at $57.09 per barrel, down 23 cents, and Brent crude at $60.58 per barrel, down 17 cents [2] - Venezuela's oil industry, currently producing about 1.1 million barrels per day, may see output double or triple with significant investments, despite being in disrepair due to years of neglect and sanctions [3] Precious Metals - The price of gold rose by 1.9% and silver surged by 5.7%, as these assets are viewed as safe havens amid geopolitical turmoil following the U.S. capture of Venezuelan President Nicolás Maduro [4] Stock Market Performance - Asian share prices opened higher, with the Nikkei 225 increasing by 3% to 51,853.53, marking a year-end high for 2025 [5] - South Korea's Kospi surged 3.1% to 4,441.80, also closing at a record high [6] - The Dow Jones Industrial Average rose by 0.7% to 48,382.39, while the Nasdaq composite fell slightly by less than 0.1% to 23,235.63, influenced by declines in major tech stocks like Microsoft and Tesla [8][9] Economic Outlook - Upcoming economic updates will include reports on the services sector, consumer sentiment, and job market data, which are expected to provide insights into the U.S. economy's performance at the end of 2025 and its trajectory for 2026 [10][11]

As Tesla Inc.’s (NASDAQ:TSLA) shares continue to soar, former fund manager George Noble says that its valuations are fundamentally disconnected from reality, even after considering its ambitious robotaxis and Optimus humanoid robots. Tesla Shares Significantly OvervaluedNoble, who ran Fidelity’s Overseas Fund, outlined Tesla’s “sum of the parts valuation,” considering its various products and segments, before comparing each of them with the valuations of peers and competitors, on Sunday, in a post on X.Star ...

经营范围涵盖动力科技、新能源技术开发及转让，新能源汽车、摩托车、电池、充电桩、电子产品、电 源及其零部件的研发、生产、销售及维护，并具备货物及技术进出口资质。 免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。 观点网讯：近日，理想汽车旗下重庆车之芯动力科技有限公司发布注销备案公告，注销原因为"因合并 或分立"。 根据公开资料整理，该公司成立于2018年12月，法定代表人为马东辉，注册资本8000万元，由江苏心电 互动汽车销售服务有限公司全资控股。 ...

搜狐号@PChome电脑之家 针对被拆解的YU7作何用途，雷军表示，"专门问了拆车的工程师，他们说，肯定能装回去，这几天就把车装好，并且会经过严格的质量检验"。值得注意 的是，雷军强调，"这辆车不会再进入销售渠道，将来可能做试验用。" 近日，小米创办人，董事长兼CEO雷军在社交媒体平台举办直播活动，现场拆解了一台小米YU7，回应了诸多争议。 据悉，2026年1月3日晚，雷军携工程师团队开启小米SU7拆解直播，时长约4小时，最高在线超300万人，核心是回应车辆安全、用料等争议，以标准版实 车四步拆解（四门两盖—内外饰—底盘三电—前舱热管理与线束），直观呈现龙式车架与核心技术。拆解中重点展示2200兆帕超强钢防滚架、74.4%高强 钢覆盖率、一体化压铸三角梁等车身结构；电池包14层防护、电芯倒置设计，制动系统四层冗余，还回应"甩尾"争议，推出湿滑模式并建议公共道路勿关 ESP。雷军在直播时呼吁网友理性评价，合理批评。 ...

Group 1 - In December, six European countries combined sales reached 120,000 units, with a month-on-month increase of 72% and a year-on-year increase of 24%. Pure electric registrations accounted for 84,000 units, representing 70.3% of total sales [1] - The total passenger car registrations in December were 342,000 units, showing a month-on-month increase of 7% and a year-on-year increase of 7%. The electric vehicle penetration rate reached 35.2%, with a year-on-year increase of 13.3 percentage points and a month-on-month increase of 4.6 percentage points [1] - Cumulative sales for the six countries from January to December reached 948,000 units, reflecting a year-on-year increase of 45%. The electrification rate was 25.6% [1] Group 2 - It is projected that total sales in Europe will approach 4 million units in 2025, representing a growth of 35%. The growth rate is expected to maintain above 30% in 2026, with potential for exceeding expectations [1] - In Italy, December electric vehicle registrations were 22,000 units, with a year-on-year increase of 132% but a month-on-month decrease of 9%. The penetration rate for electric vehicles was 20.3%, with a year-on-year increase of 11.4 percentage points [1] - In Norway, December electric vehicle registrations reached 35,000 units, with a year-on-year increase of 195% and a month-on-month increase of 77%. The penetration rate for electric vehicles was 100.1% [1] - In Sweden, December electric vehicle registrations were 16,000 units, showing a month-on-month decrease of 1% but a year-on-year increase of 19%. The penetration rate for electric vehicles was 68.6% [1] Group 3 - In Spain, December electric vehicle registrations were 26,000 units, with a year-on-year increase of 60% and a month-on-month increase of 11%. The penetration rate for electric vehicles was 21.3% [2] - In Switzerland, December electric vehicle registrations reached 11,000 units, with a year-on-year increase of 47% and a month-on-month increase of 65%. The penetration rate for electric vehicles was 43.4% [2] - In Portugal, December electric vehicle registrations were 9,000 units, with a year-on-year increase of 14% and a month-on-month increase of 1%. The penetration rate for electric vehicles was 36.7% [2] Group 4 - The procurement of battery cells by manufacturers is focusing on balancing performance and cost [6] - BYD is expanding its presence in Southeast Asia [6] - CATL reports that the growth in the energy storage market is outpacing that of the power market [9]

Group 1: Demand Situation During New Year - Overall passenger car demand during the 2026 New Year holiday was relatively weak, with only a few brands like Geely Galaxy, Zeekr, and Tesla seeing some customer flow [1] - New energy vehicle orders saw a significant decline, with daily electric vehicle orders dropping by 30%-50% and gasoline vehicle orders down by 20%-30% [1] - The main reason for the decline was consumer reaction to the half-price vehicle purchase tax policy, with many customers from the previous year not quickly converting their orders [1] Group 2: Future Outlook - Many automakers have set significant growth targets for 2026, but with current weak orders, manufacturers are likely to implement promotional policies to ensure sales [2] - There is still demand for car purchases during the New Year, and combined with promotions from manufacturers and dealers, a gradual recovery is expected [2] Group 3: Price Outlook - The first quarter is expected to see downward pricing and inventory clearance, with current discounts being reasonable [3] - The single vehicle subsidy from the purchase tax policy is around 4%-5%, and as long as it does not lead to losses for manufacturers and dealers, it should comply with regulations [3] Group 4: Impact of Raw Material Price Increases - In January, automakers are focused on inventory digestion, and end consumers have not yet felt the impact of price increases [4] - Any potential price hikes are expected to occur after March, coinciding with the new car release cycle [4] Group 5: Annual Demand Outlook - The total domestic passenger car registration volume in 2026 is expected to decline slightly by 2%-3%, making it difficult to match 2025 levels [5] - Gasoline vehicle sales are projected to drop by 1.5-1.8 million units, creating additional space for new energy vehicles, which are expected to grow by 5%-10% [5] - The market share of plug-in hybrids is anticipated to increase from 20% to 25%, while pure electric vehicles are expected to maintain around 35% market share, with plug-in hybrids having a greater impact on conservative gasoline vehicle users [5]

【CNMO科技消息】1月5日，小米公司董事长雷军在社交平台发文，再次回应近期关于小米汽车"车轮 撞掉"的争议。他强调，"丢轮保车"是豪华品牌早已广泛应用的成熟安全设计理念，该技术最早由奔驰 系统性提出并量产落地。 雷军转发相关科普表示，自己原以为这项技术起源于沃尔沃，现在才知道真正源头可追溯至20世纪50年 代的梅赛德斯-奔驰。当时，奔驰安全工程师贝拉·巴列尼（Béla Barényi）率先提出现代被动安全核心理 念，包括车身溃缩吸能区与"力的传导路径"设计。在他的方案中，前悬架与车轮在严重正面碰撞时会通 过预设的结构弱化点向外、向后脱离，避免硬性侵入乘员舱。这一理念于1959年在奔驰W111车型上首 次实现量产，成为"丢轮保车"安全逻辑的雏形。 雷军指出，这种设计并非刻意让轮子"飞出去"，而是在极端碰撞工况下，通过牺牲车轮、悬架等非关键 部件，将冲击能量有效耗散于车头区域，从而最大限度保护乘员生存空间。此后，沃尔沃、宝马、奥迪 等品牌陆续在各自车型中采用并优化类似结构，使其成为行业通行的安全工程实践。 他同时提到，在1月3日的小米YU7拆车直播中，观众已能清晰看到相关结构设计细节，体现出小米在汽 车安全上的 ...

Group 1 - The SW auto parts index increased by 2.91% this week, ranking first in the SW automotive sector, with a year-to-date increase of 42.58% since the beginning of 2025 [2][3] - The latest trading day PE (TTM) for the SW auto parts index is at the 79.44% historical percentile, while the PB (LF) is at the 75.50% historical percentile [3] - The robot index rose by 3.73% this week, with a year-to-date increase of 62.08% since the beginning of 2025, outperforming the SW auto parts index by 0.83% [2][3] Group 2 - Key companies' weekly changes include Silver Wheel Co., which invested 380 million yuan in Sichuan Silver Wheel for capacity construction of water-cooled plates and front-end modules, expected to reach production capacity by 2029 [3] - Huada Technology announced a mid-term dividend plan for 2025, proposing a cash dividend of 0.15 yuan per share (tax included), totaling 70.46 million yuan [3] - Fuda Co. completed the transfer of 25% equity in Guilin Fuda Alfin for 48 million yuan [3] Group 3 - The top five companies by weekly increase are Xinquan Co. (+14.05%), Beite Technology (+11.64%), Top Group (+8.26%), Daimai Co. (+8.01%), and New Coordinates (+7.97%) [4] - Investment recommendations for auto parts focus on product-oriented companies and those entering high-value sectors, prioritizing potential leaders with production capacity in Europe, North America, and Southeast Asia [4] - For the robotics sector, the focus is on certainty opportunities, with the Optimus V3 expected to launch in Q1 2026, and attention on domestic applications from companies like Xiaopeng, Yushu, and Zhiyuan [4]

智通财经APP获悉，信达国际发布研报称，禾赛-W(02525)盈利能力及现金流优于同业，支持估值溢 价，维持其"买入"评级和200港元目标价。据机构综合预测，市场预期24至27财年收入及经调整盈利年 复合增长分别达41%及321%，现价对应26财年预测市销率5.5倍，高于同业速腾聚创(02498)的4.7倍。不 过，根据灼识咨询的资料显示，公司为全球首家实现全年净利润(非公认会计准则计量)的激光雷达公 司，以及23及24财年均录得全年正数经营现金流，成为首家产生正营运现金流量的激光雷达上市公司。 信达国际主要观点如下： 2025年第三季提前完成全年盈利目标，并上调指引 随着自动驾驶发展趋向更高级别，预计每辆车辆将搭配更多激光雷达设备。市场估计每辆L3级车型激 光雷达数量达3-6个，较L2级的1-2个有所增加。而禾赛已获得超过120个车型量产定点，据盖世汽车研 究院的数据，公司已连续七个月在车载主激光雷达领域稳居行业第一，8月市场份额高达46%，有望受 惠于渗透率提升。目前主要客户包括理想汽车-W(02015)、小米集团-W(01810)和零跑汽车(09863)。主 打低成本高性能的核心产品ET系列，以及针对L ...

Core Insights - Hyundai Motor Group has outlined its strategic vision for 2026, focusing on customer-centric transformation, enhanced ecosystem competitiveness, and AI-driven innovation to adapt to changing market dynamics and set new industry standards [1][10]. Group Priorities - The five key strategic priorities presented include customer-focused evolution, agile decision-making, ecosystem competitiveness, bold collaboration, and leading new industry standards to navigate the global landscape [2][10]. Customer-Centric Transformation - Executive Chair Chung emphasized the importance of continuous transformation driven by customer insights, stating that the ability to evolve in response to customer needs is crucial for maintaining competitiveness [4][5]. Agile Decision-Making - The company is advocating for agile decision-making and direct engagement from leaders, highlighting the need for fast and clear communication to enhance operational efficiency [6][7]. Ecosystem Competitiveness - Chung noted that the strength of the supply ecosystem is vital for competitive advantage, as the production of vehicles and humanoid robots involves thousands of components, necessitating high performance and quality across the supply chain [8][10]. AI-Driven Collaboration - The company is focusing on bold collaboration with diverse partners to navigate the AI-driven transformation in the manufacturing industry, recognizing that core product competitiveness is increasingly determined by AI capabilities [11][12]. Commitment to Innovation - Hyundai Motor Group is committed to leveraging its world-class design and manufacturing capabilities, along with valuable data from production and user experiences, to enhance its competitiveness in the physical AI field [12][13].