【文/观察者网 熊超然】前不久的世界经济论坛年会上，加拿大总理卡尼高呼"旧世界秩序已死"，振聋 发聩。他此前还强调，中国如今已成为比美国"更可预测"的贸易伙伴。 上个月，卡尼刚刚访问了中国，期间加中两国就深化经贸合作达成广泛共识，签署了《中国—加拿大经 贸合作路线图》，形成了关于处理双边经贸问题的初步联合安排。 在中国期间，卡尼于1月16日在新闻发布会上表示，中加关系开始进入新的发展阶段，"中国比美国更稳 定且可预测"。同时，他也宣布，加拿大将取消此前对进口中国电动汽车加征的100%额外关税。《纽约 时报》将之称为"重大政策转变"。 彭博社的最新报道提到，对于中国电动汽车行业，此前加方曾炒作所谓"不公平补贴"，同时也有人渲染 对这些车辆技术安全性的所谓"担忧"。 如今，代表加拿大政府发言的乔利明确表示："我们可以找到一种方法，在汽车中安装能够解决安全问 题的软件。我们认为，我们可以确保劳工标准符合加拿大接受和期望的规范，并且可以通过这些投资在 加拿大建立本地供应链。" 乔利补充称，在上个月的中国之行中，乔利接触了全球最大的电动汽车生产商比亚迪，以及奇瑞汽车。 "我已经向许多中国公司强调，QNX是一家拥有尖端技 ...

Core Insights - The "Treasury Plan" launched by President Trump aims to break the U.S. dependence on China for critical minerals, with a budget of $12 billion [1] - The plan involves collaboration with major companies like General Motors, Boeing, and Google to create emergency stockpiles of strategic minerals [1][3] - The U.S. has formed a critical minerals production alliance with 31 countries to reduce reliance on Chinese resources [3] Funding and Investment - The plan is backed by approximately $2 billion in private capital and up to $10 billion in loans from the Export-Import Bank of the United States [1] - Japan has committed to invest up to $55 billion in the U.S. as part of this initiative, although the terms of the investment have raised concerns domestically [3][5] Strategic Implications - The U.S. government is pushing for public-private partnerships to strengthen domestic mineral production, including investments in companies like MP Materials and American Lithium [1] - Japan's investment strategy has been criticized for its unfavorable terms, which could lead to significant financial risks for Japanese investors [3][5] Geopolitical Context - By 2024, the U.S. is projected to rely on 100% imports for 12 critical minerals, with over 50% of 29 other minerals also coming from imports, highlighting a significant vulnerability [3] - The geopolitical tensions have prompted the U.S. to seek alternatives to Chinese supply chains, but experts warn that immediate changes are unrealistic [3][7] Technological Challenges - Western companies, despite having capital, face significant challenges in replicating China's advanced rare earth processing capabilities, particularly in achieving the required purity levels [8][10] - The concept of "tacit knowledge" in China's industrial ecosystem presents a barrier that Western firms struggle to overcome, impacting their ability to compete effectively [10]

据第一财经，全球第四大车企Stellantis集团近日宣布大规模收缩电动车业务并计提高达222亿欧元的资产减记。受 此消息影响，美东时间2月6日，Stellantis集团股价大跌，截至收盘，美股跌23.79%，法国市场股价收跌25.24%。 Stellantis集团222亿欧元的亏损主要由以下几个部分组成：147亿欧元用于根据客户偏好重新调整产品计划及美国新 排放法规；21亿欧元与电动汽车供应链规模调整相关；41亿欧元为通胀上升和质量恶化导致的合同保修估算变更； 13亿欧元的其他费用与欧洲扩大地区裁员相关。 资料显示，Stellantis集团是由法国标致雪铁龙集团（PSA）与意大利-美国菲亚特克莱斯勒集团（FCA）合并而来， 旗下拥有Jeep、玛莎拉蒂、标致、雪铁龙等14个品牌。据证券时报，Stellantis集团2025年全年销量541.7万辆，落后 于丰田、大众和现代之后，位居全球第四。智通财经报道称，Stellantis集团正在系统性地削减其电动车业务布局。 此前，Stellantis集团在官网宣布，将退出与韩国电池制造商LG新能源在加拿大的合资企业NextStar Energy。更早之 前，Stell ...

Group 1: Automotive Subsidy Policy - The Beijing Municipal Government has officially released the 2026 automotive trade-in subsidy policy, which includes two types of subsidies: "scrapping and updating" and "trading and updating" [1] - Consumers can receive a maximum subsidy of 20,000 yuan for purchasing new vehicles under the "scrapping and updating" category, with 12% of the new vehicle sales price for electric vehicles and 10% for fuel vehicles with an engine size of 2.0 liters or less [1] - The "trading and updating" subsidy offers 8% of the new vehicle sales price, with a maximum of 15,000 yuan for consumers trading in old vehicles for new electric cars [1][2] Group 2: Application Process and Eligibility - The application system for the automotive subsidies will open on February 9 at 10 AM, and consumers must submit their applications online through designated platforms [1] - Eligibility requirements include that the old vehicle must be registered in the applicant's name by January 8, 2025, and the necessary documentation must be obtained from January 1, 2026 [2] - Each consumer can only receive one "scrapping and updating" subsidy or one "trading and updating" subsidy in 2026 [2] Group 3: Home Appliance and Digital Product Subsidy Policy - The Beijing Municipal Government has announced an upgrade to the home appliance and digital product trade-in subsidy policy, effective February 9, 2026, with a subsidy standard of 15% of the final sales price after discounts [3] - The policy covers six categories of home appliances and four categories of digital products, with a maximum subsidy of 1,500 yuan for home appliances and 500 yuan for digital products [3] - Consumers can apply for subsidies through the "Jingtong" mobile app and must ensure that any previously obtained but unused subsidy qualifications will expire on February 8, 2026 [3][4] Group 4: Optimization of Subsidy Implementation Rules - The subsidy implementation rules have been optimized to enhance consumer participation and improve funding efficiency, with a unified qualification retrieval time starting at 10 AM daily [4] - Online subsidy qualifications will be valid until 24:00 on the same day, while offline qualifications will be valid until 24:00 on the following Sunday [4]

快手发致歉声明：坚决整改 2月4日，小米公司发言人称，2月1日，辽宁省营口市一台小米SU7车辆的主驾驶座椅处冒烟并起火，经 消防救援部门到场处置后迅速扑灭，现场无人员受伤。经向车主了解今日已收到认定书，该起事故系车 内遗留火源引燃周边可燃物所致，非车辆自身原因产生。 网传视频中所谓的"烟花"情况，系车辆安全 气囊因燃烧引爆导致，与电池等无关。 天瑞热能吃4.2亿元天价罚单，排碳企业需警惕合规底线 碳配额未按时清缴，4.2亿元天价"碳排放"罚单来了！ 2月6日，快手发布声明称，网信部门公布了对快手作出的处罚。对此，公司诚恳接受，坚决整改。由于 公司技术管理原因，应急处置不及时，导致平台出现大量色情低俗内容，造成恶劣影响。事件发生后， 公司全面排查风险意识、安全基建、应急响应和内部管理等方面存在的问题，积极采取多种措施补齐短 板。 A股必看新规！交易所新增污染物、水、能源三项ESG指南 1月30日，在证监会指导下，沪深北三大交易所正式发布修订后的《上市公司可持续发展报告编制指 南》，增加"污染物排放、能源利用和水资源利用"三项应用指南，自发布之日起即时生效。 交易所此前已明确将2026年定为A股ESG信披首考年， ...

Core Viewpoint - The former Italian Prime Minister Draghi claims that Europe's economic decline is primarily due to China's rise, suggesting that the collapse of the global order is linked to international trade dynamics involving China [1][11]. Economic and Trade Relations - The cooperation between China and Europe has historically been mutually beneficial, contributing to economic growth in Europe since China's accession to the WTO in 2001 [2][4]. - The EU has maintained a leading position in high-end manufacturing and technology, with significant profits from exports to China, such as luxury goods and automobiles [2][4]. Structural Issues in Europe - Europe's economic decline is attributed to internal structural problems, including labor market issues, welfare systems, and a lack of innovation [6][10]. - The aging population in Europe, with 21% of the population aged 65 and older, has led to labor shortages and increased production costs, negatively impacting economic growth [7][10]. Global Order Dynamics - The evolution of the global order is a result of changing power dynamics among nations, with China acting as a maintainer and reformer of the global order rather than a disruptor [11]. - The U.S. policies, such as trade sanctions and protectionism, are seen as the primary factors weakening global trade rules, not China's actions [11][16]. Political Motivations - Draghi's comments may reflect a political strategy to shift blame onto China, avoiding criticism of U.S. actions and attempting to unify Europe against an external threat [13][15]. - The narrative of external threats, particularly from China, is used by some European politicians to address internal anxieties and crises, particularly in the context of U.S. pressure and competition from Asia [16].

美东时间2月6日，因宣布大规模收缩电动车业务并计提高达222亿欧元的资产减记，全球第四大汽车制 造商Stellantis集团（STLA.US）美股开盘后股价大幅下挫，当日收盘跌23.79%。此前，该公司在法国市 场的股价（STLAP.PA）一度暴跌近30%，当日收跌25.24%。 2026.02.07 本文字数：953，阅读时长大约2分钟 作者 |第一财经 葛慧 第四大汽车集团，Stellantis在2024年营收达2049.1亿美元，位列《财富》世界500强第28位。 微信编辑| 格蕾丝 业务重整导致Stellantis在2025年下半年计提约222亿欧元的费用，其中包括约65亿欧元的现金支付，预 计将在未来四年内完成。受资产减记影响，Stellantis预计2025年下半年净亏损190亿至210亿欧元。 第一财经持续追踪财经热点。若您掌握公司动态、行业趋势、金融事件等有价值的线索，欢迎提供。专 用邮箱：bianjibu@yicai.com 222亿欧元的组成主要分为三部分：其中147亿欧元用于根据客户偏好重新调整产品计划及美国新排放法 规，主要反映了对纯电动车产品的预期大幅降低。21亿欧元与电动汽车供应链 ...

Core Viewpoint - Stellantis Group announced a significant restructuring of its electric vehicle (EV) business, leading to a substantial asset write-down of €22.2 billion, resulting in a sharp decline in its stock price [3][4]. Group 1: Financial Impact - Stellantis is expected to incur a net loss of €19 billion to €21 billion in the second half of 2025 due to the asset write-down [3]. - The €22.2 billion write-down consists of three main components: €14.7 billion for product plan adjustments and new emission regulations, €2.1 billion related to EV supply chain adjustments, and €5.4 billion for other operational changes [3]. - The company plans to issue hybrid bonds to raise up to €5 billion to maintain financial stability and has decided to suspend dividend payments for 2026 [4]. Group 2: Strategic Changes - Stellantis is shifting its strategy to prioritize consumer preferences over previous aggressive transformation goals, reflecting a recognition of the slower-than-expected pace of energy transition [4][5]. - The company has canceled unprofitable products, including the planned Ram 1500 electric pickup, to better align with customer demand and regulatory changes in the U.S. [4]. - Stellantis will sell its 49% stake in the Canadian battery company NextStar Energy, fully exiting the project as part of its strategic contraction [4]. Group 3: Market Position - Stellantis is the fourth largest automotive manufacturer globally, with projected revenues of $204.91 billion in 2024, ranking 28th on the Fortune Global 500 list [5].

（原标题：欧盟与印度的贸易协定发出了重要的政治信号） 《爱尔兰时报》1月27日发表评论文章，欧盟与印度已就贸易协定达成原则性共识，这是一个重要 的政治信号。与南方共同市场协定类似，欧盟此举旨在强调其对贸易协定、多元化和基于规则的贸易方 式的承诺，尤其是在特朗普的政策颠覆现有体系之际。 该协定在经济上也意义重大，尽管目前欧盟与印度的贸易额相对有限，如果该协议获得通过，贸易 额预计会逐步增长。欧盟汽车企业将获得更大的市场准入，但仍需受配额限制。一些与爱尔兰相关的领 域，包括药品和烈酒的关税将下调，爱尔兰威士忌有望成为重要受益者之一。 牛肉行业被排除在外，这使得爱尔兰很可能支持最终协议，尽管其全部条款的细节尚未公布。印度 与俄罗斯的密切关系可能会在欧盟内部引发一些政治阻力。 欧盟与南美国家和印度历经多年谈判达成的两项协议如今终于完成，这绝非巧合。这是在面对特朗 普威胁时，表明欧盟的贸易政策"一切照旧"。欧盟与美国去年达成的框架性贸易协议，因特朗普近期计 划就格陵兰岛问题征收关税而受到威胁，最终能否达成并实施仍有待观察。 对爱尔兰而言，贸易多元化至关重要。与对南方共同市场的立场截然不同，爱政府对与印度的协议 表示欢迎 ...

（原标题：印度将在与欧盟的贸易协议中将汽车关税削减至40%） 爱尔兰RTE新闻1月26日报道，消息人士称，印度计划将从欧盟进口汽车的关税从最高110%降至 40%，这是印度迄今为止向欧盟开放其庞大市场的最大规模举措。双方正接近达成一项自由贸易协定， 最早可能在今天达成。 知情人士透露，莫迪政府已同意立即降低部分进口价格超过1.5万欧元的欧盟27国汽车的关税。关 税将逐步降至10%，这将有助于大众、梅赛德斯-奔驰和宝马等欧洲汽车制造商更容易进入印度市场。 印度是继美国和中国之后全球第三大汽车市场，但其国内汽车产业一直受到严格保护。印度目前对 进口汽车征收70%至110%的关税。 消息人士称，印度已提议立即将每年约20万辆燃油车的进口关税降至40%，这是迄今为止为开放该 行业而采取的最积极举措。为了保护马恒达和塔塔汽车等本土企业在新兴领域的投资，纯电动汽车将在 前五年被排除在进口关税削减范围之外。五年后，电动汽车将享受类似的关税削减。 目前，欧洲汽车制造商在印度每年440万辆的汽车市场中所占份额不到4%，该市场主要由日本铃木 汽车以及本土品牌马恒达和塔塔主导，本土品牌合计占据三分之二的市场份额。预计到2030年， ...