Core Insights - The Chinese consumer market is experiencing a significant transformation, moving from quantity to quality, driven by various factors including government policies and changing consumer preferences [1][4][6] Group 1: Consumer Activity - During the New Year holiday, 142 million domestic trips were made in China, with total spending reaching 84.789 billion yuan [1] - Hainan's duty-free sales on January 1 reached 251 million yuan, a year-on-year increase of 93.8% [2] - The rise of "China Shopping" reflects a shift in foreign tourists' purchasing habits towards high-tech products and cultural items [2][3] Group 2: Policy Support - The Chinese government is implementing a series of policies aimed at boosting consumption, including a more proactive fiscal policy and specific actions to stimulate consumer spending [4][5] - The "14th Five-Year Plan" emphasizes the importance of consumption in achieving balanced economic growth [5] Group 3: Economic Resilience - China's consumer market growth indicates a recovery in demand and an ongoing optimization of the economic structure, enhancing internal momentum and resilience [6] - Retail sales of consumer goods increased by 4% year-on-year in the first eleven months of 2025, showcasing the effectiveness of consumption-boosting measures [6] Group 4: Global Opportunities - Global companies and investors are encouraged to adapt to the evolving Chinese market, particularly in retail and service sectors, where local preferences are becoming increasingly important [7] - There is a notable opportunity in smaller Chinese cities, where daily consumer spending shows remarkable resilience, presenting long-term investment potential [7]

5年前，中国同中亚五国共同创立了中国—中亚机制。2023年，中国—中亚机制升级至元首层。中国同 中亚贸易水平不断攀升，已成为中亚最大贸易伙伴。2025年前三季度，中国同中亚五国双边贸易额接近 800亿美元、同比增长15.6%，全年有望突破1000亿美元大关。双方贸易结构正在不断优化，越来越多 的中亚优质产品进入中国市场。中亚五国居民入境中国人数同比增长37.7%，中国内地居民赴中亚人数 同比增长50%。中国同中亚国家直航航班已突破每周100次，友城数量达到100对。截至目前，中国对中 亚国家投资累计超过500亿美元，农业、能源、基础设施等传统领域持续巩固，5G、新能源、人工智能 等新兴领域合作不断加强。 谈开拓考量 相比石油天然气领域 中亚地缘政治更重要 南都N视频记者：您觉得中国在开拓中亚方面会有哪些前景，有着怎样的政治和经济考虑？ 陈文鸿：石油天然气的供应，乌兹别克斯坦、土库曼斯坦、哈萨克斯坦都是有供应的，这是中国能源多 元化的其中一种方法。那里的矿产例如稀土很多，但开发需要时间。相比于这些领域，中亚的地缘政治 对中国更重要。因为中亚地区宗教复杂，他们很多民族和中国的少数民族是有联系的，地理位置上具有 重 ...

新广益（301687.SZ）1月12日在投资者互动平台表示，公司研发的冷板 辊压胶膜，主要应用于新能源 汽车动力电池，已顺利通过比亚迪的产品测试，为未来该项业务的大规模量产创造了积极条件。 （记者 王瀚黎） 每经AI快讯，有投资者在投资者互动平台提问：请问公司产品是否适用于服务器液冷散热板？ ...

天眼查工商信息显示，近日，广汽科技（北京）有限公司成立，法定代表人为宋勇，注册资本2408万人 民币，经营范围含工程和技术研究和试验发展、太阳能发电技术服务、卫星通信服务、工业设计服务、 汽车零配件批发、金属工具制造、新能源汽车整车销售、二手车经纪等。股东信息显示，该公司由广州 汽车集团科技有限公司全资持股。 ...

- TOP 3 余承东：华为终端董事长，"遥遥领先"的口号已经深入人心，他带领的华为终端业务，是华为 消费者业务的中流砥柱。 - TOP 4 董明珠：格力电器董事长，"铁娘子"的影响力依旧不减，是中国制造的标志性人物。 - TOP 5 何小鹏：小鹏汽车董事长，在新能源汽车的浪潮中，是中国造车新势力的领军者。 - TOP 6 李书福：吉利汽车创始人，从民营企业到收购沃尔沃，他的故事是中国汽车工业崛起的缩影。 刚刚出炉的"2025中国品牌人物500强"榜单引爆全网！华为创始人任正非毫无悬念地再次登顶榜首，而 华为终端董事长余承东也强势拿下第三名，华为成为了榜单中最大的赢家。 这份榜单的前十强，可以说是浓缩了当今中国最具影响力的商业力量： - TOP 1 任正非：华为创始人，以89岁高龄再次蝉联榜首，其带领华为突破重重封锁的传奇经历，早已 成为中国企业界的精神图腾。 - TOP 2 刘强东：京东集团创始人，凭借其强大的供应链体系，在零售和物流领域持续领跑。 - TOP 9 梁文锋：DeepSeek、幻方量化创始人，作为人工智能领域的代表，他的入选标志着科技新势力 的崛起。 - TOP 10 王宁：泡泡玛特创始人、董 ...

2026年1月12日，创业板新能源ETF华夏（159368）回调0.72%，最新规模达6.46亿元，位居同类第 一。 （责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 创业板新能源ETF华夏（159368）是全市场跟踪创业板新能源指数的规模最大ETF基金。创业板新 能源指数主要涵盖新能源和新能源汽车产业，涉及电池、光伏等多个细分领域。创业板新能源ETF华夏 （159368）高弹性，涨幅可达20cm；费率最低，管理费和托管费合计仅为0.2%；规模最大，截至2026 年1月9日，规模达6.46亿元；成交额最大，近一月日均成交6949万元。其储能+固态电池占比近90%， 契合当下市场热点。（联接A：024419联接C：024420）。 每日经济新闻 1月9日，工信部、国家发改委、国家能源局等五部门联合印发《工业绿色微电网建设与应用指南 （2026—2030年）》的通知，推进工业绿色微电网的 ...

合作2.0阶段，双方聚焦长期发展，实现产业链、生态与资本的深度融合。产业共链上，启动供应链"补链、建链、稳链、升链"行动，协同优化L4车型成 本，培育本土高阶智驾供应链集群。生态共建层面，北汽新能源导入旗下出行平台及后市场资源，与小马智行车队融合，打通全价值链加速自动驾驶出行 服务规模化落地。资本共融方面，在现有互投基础上深化联动，围绕技术研发、供应链投资等目标形成深度绑定格局。 据悉，双方合作的极狐阿尔法T5 Robotaxi量产规模已突破600辆，助力小马智行超额完成2025年千辆目标，为2026年底实现3000辆规模奠定基础。目前该 车型已在北京、深圳上线，覆盖多城区及交通枢纽，今年计划拓展至更多一线城市。该车型在接驾与乘坐体验上全面升级，具备多项便捷功能，可减轻晕 车感并助力视障用户无障碍出行。 双方表示，此次战略合作标志着合作进入新阶段，未来将携手推动高阶智能驾驶技术规模化落地与全球化发展，为全球交通出行变革贡献中国智慧与方 案。 1月10日，小马智行与北汽新能源宣布达成"五位一体"全面深化战略合作，正式开启合作2.0阶段。双方将依托L4级Robotaxi规模化量产运营经验，扩大合 作广度与深度，聚 ...

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Core Viewpoint - Xiaopeng Motors aims to expand its core product lines, including smart cars, Robotaxi, robots, and low-altitude flying cars, into global markets from 2026 to 2030, emphasizing local R&D and manufacturing [1] Global Expansion Strategy - By 2025, Xiaopeng Motors plans to enter 60 countries and regions, with further expansion into more markets in 2026 [1] - The company intends to deepen local R&D and manufacturing efforts to introduce more globalized models suitable for both left-hand and right-hand drive markets [1]

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core View of the Report - The nickel price showed a pattern of rising and then falling this week, but still remained in an upward trend overall. Short - term spot supply was tight. In the industrial chain, nickel ore prices rose slightly, and mines were bullish. Nickel iron prices increased significantly, and the cost line went up. Stainless steel inventory declined. Refined nickel inventory remained at a high level, and the oversupply situation remained unchanged. Although the production and sales data of new energy vehicles were good, the overall boost to nickel demand was limited [8]. - The nickel price of the main Shanghai nickel contract was strong. Short - sellers were advised to wait and see, while long - sellers could hold a small amount of positions. The main stainless steel contract was expected to run with a slightly upward trend, and short - sellers should wait for the moment [9][10]. Group 3: Summary by Directory 1. Viewpoints and Strategies - **Shanghai Nickel View**: The nickel price rose and then fell this week, still in an upward trend. Short - term spot was in short supply. Nickel ore prices rose slightly, mines were bullish, nickel iron prices increased sharply, cost line rose, stainless steel inventory decreased, refined nickel inventory was high, and the new energy vehicle sector had limited impact on nickel demand [8]. - **Operation Strategy**: For the main Shanghai nickel contract, short - sellers should wait and see, and long - sellers hold a small number of positions; for the main stainless steel contract, it would run with a slightly upward trend, and short - sellers should wait [9][10]. 2. Fundamental Analysis - **Industry Chain Weekly Price Changes**: Some nickel ore prices rose slightly, battery - grade and electroplating - grade nickel sulfate prices increased by 20.40% and 5.69% respectively, low - nickel iron price remained unchanged, high - nickel iron price rose by 4.86%, electrolytic nickel prices increased, and the 304 stainless steel price rose by 5.63% [13][14]. - **Nickel Ore Market Situation**: Some nickel ore prices rose 1 cent/wet ton, and freight decreased 1 cent/wet ton. On January 8, 2026, the total nickel ore inventory at 14 ports in China was 13.1977 million wet tons, a decrease of 0.92%. In November 2025, nickel ore imports decreased by 28.69% month - on - month and increased by 2.92% year - on - year. Mines were firm on prices [18]. - **Electrolytic Nickel Market Situation**: The nickel price rose and then fell with large fluctuations and average trading volume. Spot supply was tight. Globally, the nickel market was expected to remain oversupplied. In December 2025, China's refined nickel production increased by 2.35% month - on - month and decreased by 16.39% year - on - year. In November 2025, imports increased by 30.07% month - on - month and 40.86% year - on - year, and exports decreased by 20.06% month - on - month and increased by 0.80% year - on - year. LME and SHFE inventories increased [26][27][39]. - **Nickel Iron Market Situation**: Low - nickel iron price remained stable, and high - nickel iron price rose. In December 2025, China's nickel pig iron production decreased by 3.1% month - on - month. In November 2025, imports decreased by 1.1% month - on - month and increased by 1.4% year - on - year. The December inventory was 217,200 physical tons, equivalent to 22,400 nickel tons [46][48][54]. - **Stainless Steel Market Situation**: The 304 stainless steel price rose by 5.63%. In December, stainless steel production was 3.2605 million tons. Imports were 112,100 tons, and exports were 405,300 tons. On January 9, the national inventory was 948,300 tons, a decrease of 2.91 million tons [59][65][72]. - **New Energy Vehicle Production and Sales Situation**: From January to November, new energy vehicle production and sales increased by 31.4% and 31.2% year - on - year respectively. In November, production and sales were 1.88 million and 1.823 million respectively. In November 2025, the production of power + energy - storage batteries was 193GWh, and the total production of power + energy - storage + consumer batteries increased by 12.4% month - on - month and 64.6% year - on - year [77][80]. 3. Technical Analysis - From the daily K - line, the price continued to rise significantly and deviated from the moving average. There was some competition among long - sellers at high positions. MACD and other indicators were in an upward trend. The price should be followed, but risks should also be noted. A small number of long positions could be held, and short - sellers should wait and see [83]. 4. Industrial Chain Summary - **Fundamental View**: The impact of the nickel ore link on the nickel price was neutral to strong, with stable prices and bullish mines; the nickel iron link was also neutral to strong, with rising prices and an upward - moving cost line; the refined nickel link was neutral, with short - term supply shortages and long - term oversupply; the stainless steel link was neutral, with falling inventory and rising costs; the new energy link was neutral, with good production data but the continued replacement of ternary batteries [86]. - **Trading Strategy**: For the main Shanghai nickel contract, short - sellers should wait and see, and long - sellers hold a small number of positions; for the main stainless steel contract, it would run with a slightly upward trend, and short - sellers should wait [88][89].