近日，据新浪科技报道，有大量哈啰电动车用户反馈，自身哈啰电动车"永久会员"的远程定位、在线查看电量等功能已经消失，甚至发生骑行中忽然"断电 锁死"的情况，险些酿成车祸。 对此，哈啰方面将"断服"原因归因为2G网络退网，部分使用EB11、EB20智能芯的车辆可能出现无法开关锁的情况。 哈啰方面给出的解决方案为两种，一是通过蓝牙启动开关锁，二是自费购买"4G智能芯"，对于被影响的用户，哈啰方面只承诺退还不含永久会员的部分会 员费。 哈啰电动车用户反馈称，在购买时并未被告知"采用2G通信"，如今买车超过1年，却需要自费升级。目前已有维权车主自发组成群聊，分享哈啰电动车故障 的相关情况。 值得注意的是，2020年8月，工信部印发了《关于深入推进移动物联网全面发展的通知》，主要目标中就曾明确"推动2G/3G物联网业务迁移转网"。但2020 年7月开始就布局电动车业务的哈啰，目前仍然有车型采用2G网络。 ...

当世界都在加速奔向清洁能源的未来时，美国却像开错方向的列车，猛地一脚刹车，还试图倒着开回 去。 13日，《南华早报》上的一篇报道，犀利指出美国政府在能源政策上"开倒车"的景象，"美 国从清洁能源领域倒退，正重蹈清朝覆灭前的覆辙。" 美国的能源路线变化，不是悄悄摸摸的微调，而是公开宣布的"掉头"，2025年秋天，特朗普政府重新点 燃煤炉子，给传统能源松绑，直接把几十亿美元的资金砸向燃煤电厂。 政策一改过去几年鼓励新能源的方向，开始给煤炭开绿灯，更大的动作，是把原本用来支持清洁能源的 政策彻底推翻，比如终止对电动车的税收减免，把风电和太阳能的优惠政策提前叫停。 特朗普政府不仅公开否定风能太阳能，连电动车补贴都一刀砍掉，转头又把数十亿美元砸进煤炭。 这种操作和当年晚清拆铁路、用马拉火车头的故事，何其相似，问题是美国这场"复古革命"，真能赢 吗？ 美国能源政策大转弯 面对新兴技术不是迎头赶上，而是选择阻挡，这种路径看着熟悉，也确实危险。 不仅如此，审批规则也变了，风电和光伏项目的审批权被收回到联邦层面，层层加码，项目卡在流程中 迟迟无法启动。 一脚刹车背后，埋下了不少雷 特朗普甚至在社交平台上直接开火，称可再生能源是 ...

智能两轮领域企业首驱科技将在柳东新区建设首驱科技华南总部与生产制造基地，项目总投资15.21亿 元，规划年产能150万台，致力于打造国内领先的车规级智能两轮电动车标杆生产基地。 智能两轮领域企业首驱科技将在柳东新区建设首驱科技华南总部与生产制造基地，项目总投资15.21亿 元，规划年产能150万台，致力于打造国内领先的车规级智能两轮电动车标杆生产基地。 ...

贾跃亭表示，至此，FX首阶段八大州已攻破六个，提前完成了今年的拓展目标，同时也标志着FX的共 创生态线上直销模式成功拓展到了高端豪华民宿行业，这是FX在B2B2C体系继汽车租赁、FX Par、房 产经纪、MCN、汽车点对点分时共享之后的又一次跨界化反。 12月15日消息，法法创始人、合伙人、首席产品及用户生态官，LeEco乐视创始人贾跃亭发布周报，宣 布FX与佛罗里达州豪华民宿投资运营公司Golden Hill Investment LLC签署2000台FX Super One付费预订 单合同，已收到全部不可退定金，成功打入美国电动车消费大州之一的佛州。 ...

Core Insights - Yadea hosted the 2026 Global "New" New Retail and "New" Consumption Integration Summit, focusing on transforming new retail and market growth strategies in the context of the new era [1][2][15] Group 1: Strategic Initiatives - Yadea emphasizes the importance of embracing new standards and innovative models to achieve sustainable growth, with a focus on user needs and market opportunities [2][5] - The company introduced key initiatives centered around standardized "test rides" and market segmentation to convert new retail capabilities into actionable growth strategies for operators [5][9] Group 2: Product Development - Yadea has achieved a cumulative sales figure of over 20 million units for its Crown series, with the White Shark model leading in the 4000 yuan smart electric vehicle segment [7] - The launch of the new "Titan Cool" series and the first model, the Ruiying Ultra, aims to penetrate niche markets such as delivery riders, enhancing the product matrix from general to professional use [7][11] Group 3: Compliance and Innovation - Yadea is a frontrunner in implementing new national standards, having completed production line adjustments and launched a flagship store for these standards [9] - The company has developed a product system compliant with the new standards, featuring 71 models, and has introduced several new products focusing on safety, intelligence, and practicality [9][10] Group 4: Brand Positioning - Yadea is advancing its youth-oriented strategy through collaborations with popular celebrities and brands, aiming to become the preferred choice for younger consumers [10][12] - The company is committed to continuous upgrades in safety, intelligence, and practicality for its new standard products, enhancing user travel experiences [11][12] Group 5: Future Outlook - Yadea plans to collaborate with operators to build a new cooperative ecosystem, ensuring production capacity and product supply while setting clear goals for market engagement [13][15] - The summit served as a strategic declaration post the milestone of 100 million units sold, reinforcing Yadea's commitment to leading the industry with new retail as a growth engine [15]

证券研究报告·行业研究·电力设备与新能源行业 需求强劲，价格弹性可期，开启新周期 --电动车2026年年度策略 首席证券分析师 ：曾朵红 执业证书编号：S0600516080001 联系邮箱：zengdh@dwzq.com.cn 联系电话：021-60199798 2025年12月14日 请务必阅读正文之后的免责声明部分 备注：全文的"预计"如果没有特别说明，均为东吴证券研究所电新组预测 1 摘要： 2 ◆ 26年国内预计销量同增15%，欧洲销量持续高增，全球有望14%增长，考虑带电量提升，预计动力电池维持20%增长。25年国内 汽车消费政策持续+购置税退坡前抢装+出口强劲，全年预期30%增长至1676万辆，26年购置税退坡，预计Q1需求短期承压，且 我们预计26年"两会后"以旧换新补贴续力释放，有望托底26年销量，叠加重卡+出口强势高增，预计2026年新能源车销量1925 万辆，同增15%。欧洲补贴退坡消化完毕，叠加25H2起新车周期，预计全年34%增长至394万辆，26年英国、意大利等市场政策 加码，叠加新车刺激，预计维持30%增长。美国不确定性增加，短期需求放缓，新车型延期，预计25年销量增速放缓至4% ...

Core Viewpoint - Rivian Automotive is being reassessed by Wall Street analysts following its "AI and Autonomous Driving Day," showcasing new self-developed autonomous driving chips and AI technologies, highlighting a significant divide in opinions regarding the company's future prospects [1] Group 1: Technology and Product Development - Rivian plans to equip its upcoming R2 SUV with the Rivian Autonomy Processor 1 (RAP1) chip and a new lidar sensor, aiming for full autonomous driving capabilities [2] - The RAP1 chip features advanced "chiplet" packaging technology with a bandwidth of 205GB per second, driving the next-generation onboard computer, Autonomy Compute Module 3, which can process 5 billion pixels per second, four times the performance of the current Nvidia system [2] - The company aims to achieve Level 4 autonomous driving capabilities and plans to incorporate lidar and radar technologies in future models [3] Group 2: Analyst Ratings and Market Sentiment - Needham reaffirmed a "Buy" rating for Rivian, raising the target price to $23, citing confidence in Rivian's unique market positioning and vertical integration that supports faster learning and iteration in driver interface and autonomous technology [3][4] - Morgan Stanley remains cautious, maintaining an "Underweight" rating with a target price of $12, highlighting risks in demand that could limit data collection necessary for advanced autonomous driving [4] - Wells Fargo holds a neutral stance with an "Equal Weight" rating, noting the low margin for error in Rivian's operations and the need for the company to prove its ability to grow its customer base while maintaining low advertising costs [5] Group 3: Company Performance and Challenges - Rivian's stock price increased by 1.3% in pre-market trading after a 6.1% drop following the "AI and Autonomous Driving Day," with a year-to-date increase of over 23% [5] - The company has faced operational challenges, with its Illinois factory expected to produce fewer than 50,000 vehicles this year, significantly below its capacity [6] - Rivian has experienced substantial stock price declines, losing over 80% from its IPO peak, despite securing a $6 billion investment from Volkswagen for a joint project [6]

今日推荐 中央经济工作会议中关于2026年货币政策延续适度宽松的基调，显示出宏观政策保持很强的连续性、稳 定性。除了总量政策提出运用降准降息外，会议还要求畅通货币政策传导机制，引导金融机构加力支持 扩大内需、科技创新、中小微企业等重点领域。 当地时间11日，乌克兰总统泽连斯基在会见记者时表示，在获得国际伙伴提供充分安全保障前提下，他 愿意支持在战时状态下举行大选，并已要求议员着手准备相关立法修订。泽连斯基在与记者会面时表 示，"最重要的是确保选举的合法性。如果我们的合作伙伴能够帮助我们在安全条件下、在合理时间内 组织选举，我将予以支持。为避免这仅仅成为我发出的一个媒体信号，我已正式请求乌克兰议员起草允 许在战时状态期间举行选举的法律修正案。"泽连斯基强调，当前关键目标是以乌克兰的强势地位结束 冲突。 美国电动车制造商特斯拉公司、太空探索技术公司创始人埃隆·马斯克日前表示，如果重来，他不会领 导"政府效率部"，而是专注运营自己的企业。马斯克说："我想我总体上会在我的公司工作，而不是领 导'政府效率部'。这样他们（反对者）就不会烧车了。" 编辑 | 格蕾丝 在11日召开的商务部例行新闻发布会上，新闻发言人表示，今 ...

Core Viewpoint - The electric vehicle industry is undergoing a critical transformation from scale expansion to high-quality development, driven by the implementation of the new national standard for electric bicycles, which emphasizes safety and raises industry entry barriers [1][2]. Group 1: Industry Transformation - The new national standard serves as a fundamental baseline for safety, effectively pushing the industry from "barbaric growth" to standardized and intelligent development [2]. - Yadea is taking a leading role in the industry by quickly switching production lines and launching the first national standard flagship store, establishing a compliant product system with 71 models [5]. Group 2: New Retail Strategy - Yadea's summit focuses on the integration of new retail and new consumption, emphasizing a user-centered digital transformation that leverages big data to analyze user riding habits and consumption preferences [2]. - The company is enhancing online and offline service experiences, with online live streaming becoming a key growth area and offline services including standardized test rides for better customer convenience [2]. Group 3: Brand Modernization - To align with new consumer trends, Yadea is advancing its brand youthfulness and intelligence strategies, engaging with younger consumers through events like the 717 Global Riding Festival and collaborations with brands like Sanrio and new tea beverage brands [5]. - The summit featured interactive experience zones showcasing product themes and the introduction of AI-powered travel companions, reflecting the company's commitment to smart travel solutions [5][7]. Group 4: Collaborative Ecosystem - Looking towards 2026, Yadea aims to collaborate with all operators to build a new cooperative ecosystem, focusing on production capacity and product supply while setting clear goals for operators to drive terminal growth [6].

中央经济工作会议最新信号，结构性货币政策工具"加量降价"可期 中央经济工作会议中关于2026年货币政策延续适度宽松的基调，显示出宏观政策保持很强的连续性、稳 定性。除了总量政策提出运用降准降息外，会议还要求畅通货币政策传导机制，引导金融机构加力支持 扩大内需、科技创新、中小微企业等重点领域。 泽连斯基：若获安全保障 愿支持在战时举行大选 【今日推荐】 马斯克：若重来，不会领导"政府效率部" 美国电动车制造商特斯拉公司、太空探索技术公司创始人埃隆·马斯克日前表示，如果重来，他不会领 导"政府效率部"，而是专注运营自己的企业。马斯克说："我想我总体上会在我的公司工作，而不是领 导'政府效率部'。这样他们（反对者）就不会烧车了。" 【观国内】 中央部署明年财政政策：重视解决地方财政困难 中央经济工作会议称，明年要继续实施更加积极的财政政策。保持必要的财政赤字、债务总规模和支出 总量，加强财政科学管理，优化财政支出结构，规范税收优惠、财政补贴政策。重视解决地方财政困 难，兜牢基层"三保"底线。严肃财经纪律，坚持党政机关过紧日子。 当地时间11日，乌克兰总统泽连斯基在会见记者时表示，在获得国际伙伴提供充分安全保障前提下 ...