走进产业一线，触摸"硬核成都" 上午，企业家兵分两路，围绕先进制造与未来产业展开调研。 在龙泉驿区的中德智能网联汽车四川试验基地，无人驾驶测试车辆在专用道路上平稳行驶；走进一汽-大众成都分公司总装车间，机械臂有序挥动，整车生 产节奏紧凑。企业家们详细了解整车制造与本地配套能力，不时驻足交流。 中德智能网联汽车四川试验基地 春日的蓉城，茶香氤氲。2月27日，一场以"盖碗茶"为名的投资之约在成都如期举行。 继2025年首次成功举办后，成都再度邀请川籍企业家"回家喝茶、回乡投资"。来自京津冀、长三角、粤港澳等地的30余位川籍企业家及商协会代表齐聚蓉 城，在一天时间里穿梭园区、走进企业，从生产车间到实验室、从卫星模型到机器人样机，在沉浸式考察中寻找合作机遇；又在下午的一杯盖碗茶中， 把"乡情"谈成"项目表"，把"想法"落到"时间表"。 活动现场 现场考察： 迪信通科技集团董事长刘东海 在谈到汽车产业链配套时，刘东海举例称，在一汽-大众成都分公司生产线看到，零部件配套体系较为完备，"整体发展速度很快。" 活动当天，部分企业代表还专程考察了成都招商中心。在创新打造的"投资成都"盖碗茶特色场景，企业家和招商中心以茶为媒，围 ...

雷军介绍，新一代SU7汽车的安全气囊从7个增加到9个，可以为后排乘客提供更加全面的安全防 护，"在此我还是要提醒大家，上车时一定要系安全带，如果不系安全带的话安全气囊的效果会大幅减 弱。尤其是第二排的乘客，也呼吁大家一定要系安全带"。 小米方面透露，新的一年，小米汽车将成立小米汽车安全顾问委员会，将向全国各大专院校、科研院所 的车辆安全专家，以及曾经参与过国家事务调查召回的专家发出邀请为小米汽车的安全进行多角度评估 和把关。 谈及小米自研电池包，雷军表示，"5年前我们造车的时候，我们就下决心一定要把电池做好，所以我们 组建了规模庞大、能力很强的电池研发团队，并且为了把这个事情搞明白，我们还做了电池包工厂，然 后深入参与电池包的制造。" 小米安全专家介绍了一场交通火灾事故发生后调查过程：当一场事故发生时，监管部门首先会封闭现 场、封存车辆；其次要调取车辆信息，并进行现场勘查；随后要召集专家分析研判，经过鉴定后给出结 论。 在此期间企业不允许接触车辆，作为被调查方，要如实提供信息。小米安全专家还称，发生交通事故火 灾时，车企如果没有监管部门的许可，原则上是不能自行披露事故的相关信息。 新京报贝壳财经讯(记者陈维城 ...

特斯拉CEO马斯克在最新访谈中密集释放了关于FSD入欧、新车型量产及人形机器人的明确时间表，并抛出了"20年内月球建厂"的宏大业绩想象空间。 2月27日，马斯克接受了柏林超级工厂高级制造总监安德烈·蒂里希（Andre Thierig）的深度访谈。在公司刚刚发布财报，市场高度关注其核心业务收入增 速、订单转化及未来增长可持续性的背景下，马斯克在此次长谈中全景式梳理了特斯拉的业务线。 除了明确产能扩张的时间表，马斯克重点强调了人工智能和自动驾驶重塑商业模式的潜力，为市场提供了关于特斯拉未来5到20年的想象空间。 "请握好你手里的特斯拉股票，20年后将在月球建厂" 面对市场对特斯拉长期增长曲线的关注，马斯克在访谈中给出了极具个人色彩的长期愿景。当被问及未来10到20年人们将如何评价特斯拉时，马斯克将目光 投向了太空。 "如果说未来5到10年，我可以肯定特斯拉拥有极其光明的未来。我想说，请握好你手里的特斯拉股票，它会非常值钱。" "20年后，我会说特斯拉在月球上有工厂。实际上，我看到了特斯拉极其繁荣的未来。" 马斯克直言，虽然预测20年后的事情很困难，但在中期维度上，公司的基本面极为清晰： 擎天柱的终极想象力：十年内 ...

Core Insights - The global economic landscape has shifted from a US-Japan dominance to a US-China rivalry, with Japan losing its prominence and falling to a third-tier position [2][4]. Group 1: US Economic Performance - The US maintains a strong economic presence, with a slight decrease in the number of Fortune 500 companies from 151 in 1995 to 138 in 2025, reflecting a loss of only 13 companies [4]. - Major US tech companies like Apple, Microsoft, and Amazon dominate the high-value sectors, achieving an average profit of $9.7 billion, which is more than double that of Chinese firms [4]. Group 2: Japan's Decline - Japan's representation in the Fortune 500 has drastically decreased from 149 companies in 1995 to only 38 in 2025, a decline of over 70% [4]. - The once-strong Japanese electronics and automotive sectors have either been surpassed by Chinese and Korean competitors or have gradually diminished, with only Toyota and Mitsubishi UFJ Financial Group remaining in the top 100 [4]. Group 3: China's Rise - China has seen a remarkable increase in Fortune 500 companies, growing from 3 in 1995 to 130 in 2025, making it the second-largest country in terms of representation, just behind the US [6][10]. - The rise of Chinese companies is attributed to a gradual process, starting with state-owned enterprises in energy and finance, followed by the emergence of private firms like BYD and Pinduoduo, which have quickly climbed the rankings [6][10]. Group 4: Financial Performance of Chinese Companies - The top Chinese companies by revenue include State Grid Corporation with ¥42,322.24 million and China National Petroleum Corporation with ¥31,844.66 million, showcasing significant earnings [7]. - Despite the increase in quantity, the average profit of Chinese firms is only $4.2 billion, significantly lower than that of US companies, indicating a need for improvement in quality and international presence [7][8]. Group 5: Economic Transition - The last thirty years have seen a shift in the global economic center, driven by different developmental paths: the US leveraging innovation and globalization, Japan lagging due to industrial upgrades, and China capitalizing on reform and a complete industrial chain [8][10].

【#雷军回应小米汽车建电池包工厂##雷军谈小米汽车电池研发#】2月27日晚间，小米创办人、董事长 兼CEO@雷军 开展直播。直播间中，小米汽车副总裁@李肖爽 表示，"说到这儿，其实有很多网友也比 较关心，其实电池可能有供应商也可以做，有的品牌是有自己的电池生产制造，也不一定都有。那小米 作为一个初创的汽车团队，为什么要做自己电池包的工厂？这个可能看是不是问一下雷总这个问 题。"对此，雷军表示，"可能很多网友都以为说我们整车上的电池包，就是找个供应商买个电池包就完 了，其实没有这么简单。今天一个优秀的主机厂想把新能源汽车做好，就一定要在三电技术，尤其是电 池技术上下很大功夫。5年前我们造车的时候，我们就下决心一定要把电池做好，所以我们组建了规模 庞大的，能力很强的电池研发团队，并且为了把这个事情搞明白，我们还做了电池包的工厂，深入参与 电池包的制造，我觉得这些都有助于小米更加深入的掌握电池技术，能够更好地和供应商协同来管控好 电池的质量，电池的安全，而且提高我们整车的续航能力、充电速度等等。所以其实这背后的技术含量 是非常足的。"各位网友，您怎么看？@东方财经 #海外曝光小米神秘新车# 转自：贝壳财经 ...

（文章来源：证券日报） 证券日报网讯 2月27日，海马汽车在互动平台回答投资者提问时表示，公司始终秉持开放合作的态度， 积极与各方伙伴沟通寻求共赢机会。若有达到披露标准的合作事项，公司将严格按照规定及时履行信息 披露义务。 ...

Core Viewpoint - The automotive industry is facing a significant shortage of DRAM chips, leading to increased costs and potential price hikes for vehicles due to rising chip prices [1][2][4]. Group 1: Chip Price Increases - The price of general DRAM is expected to rise by 55% to 60%, while NAND Flash prices are projected to increase by 33% to 38%. High-end automotive-grade DDR5 chips have seen price surges of up to 300% [1]. - Since the second half of 2025, automotive storage chips have experienced substantial price increases, with car-grade DRAM prices rising by 180% in three months and DDR4 prices increasing over 150% [2]. - The current shortage is attributed to a shift in supply dynamics, as major DRAM manufacturers are reducing production of lower-margin DDR4 chips in favor of higher-margin HBM and DDR5 chips [2][3]. Group 2: Impact on Automotive Costs - The cost of DRAM chips for a mid-range electric vehicle, which typically requires 5 to 6 chips, has increased from approximately 700 yuan to about 2000 yuan, reflecting a nearly threefold rise [4][5]. - The overall cost pressure on automotive manufacturers is expected to lead to an increase in vehicle prices, with estimates suggesting a cost increase of 1000 to 3000 yuan due to rising storage chip prices [5]. - Some manufacturers, like Volkswagen and BYD, have secured priority supply through long-term agreements, but the overall price increases remain unavoidable [5]. Group 3: Market Dynamics and Consumer Behavior - The average price of passenger vehicles in China has risen, with the average price reaching 186,000 yuan in January 2026, an increase of 15,000 yuan [6]. - The average price of new energy vehicles also saw a significant rise, reaching 195,000 yuan in January 2026, up from 179,000 yuan in December 2025 [6]. - The ongoing "trade-in" policy for vehicles in 2026 is expected to stimulate consumer demand, particularly in the mid-to-high-end market segment [6].

近日，领克品牌旗下Z20因语音操控系统误操作，导致高速行车事故，引发广泛关注。 2月25日晚间，一名车主驾驶领克Z20在夜间无路灯高速公路行驶时，通过语音指令尝试关闭车内阅读灯，车辆未准确识别指令，反而关闭包含前大 灯在内的全部外部照明，导致驾驶员瞬间失去视野，车辆失控撞上护栏，所幸未造成人员伤亡。 视频记录显示，车主后续多次语音指令重启灯光，车机均未执行并回复"暂时还不会哟"。 次日，领克汽车销售有限公司副总经理穆军在其个人微博上公开回应称，"昨晚发生一起领克Z20车辆行驶中语音误操作控制关闭大灯的情况，今天 我们第一时间完成了语音控制优化方案，现已通过云端推送更新，后续在行驶状态下只能通过手动控制大灯关闭，请大家放心。感谢用户的反馈与监督， 对此带来的困扰我们深表歉意，领克始终守护您的安全。" 公开信息显示，领克Z20为品牌基于SEA浩瀚架构打造的纯电动紧凑型SUV，于2024年底上市，官方指导价为10.99万元—14.59万元，车身尺寸为 4460×1845×1573mm，轴距为2755mm，全系标配L2级驾驶辅助，主打高性能、快速充电和智能科技，主要面向追求驾驶乐趣与精致体验的年轻消费群 体。 太平洋 ...

Investment Rating - The report maintains a recommendation for the six-seat SUV industry, highlighting both blue ocean opportunities and red ocean competition [2] Core Insights - The six-seat SUV market is expected to see the launch of five new models priced around 200,000 yuan in 2026, with top models potentially achieving monthly sales of 10,000 to 20,000 units [2][22] - The high-end six-seat SUV market is experiencing intense competition, with a significant increase in supply expected in 2026, outpacing market expansion [2][6] - The 200,000 yuan segment remains a potential blue ocean market, as current models often fail to meet consumer demands due to size and pricing issues [6][24] Summary by Sections Total Market Overview - The six-seat SUV market is projected to grow, with an estimated total of 150,000 units sold in 2025, reflecting a year-on-year increase of 21,000 units [13] - The market is expected to continue expanding with the introduction of new models, particularly in the 200,000 yuan segment [6][10] Blue Ocean Opportunities - The 200,000 yuan segment for six-seat SUVs is identified as a significant market opportunity, with current models not meeting consumer expectations in terms of size and pricing [6][22] - The report notes that the proportion of six-seat SUVs priced below 250,000 yuan is only 4.9%, compared to 28% for those above this price point, indicating room for growth [24] Red Ocean Competition - The high-end six-seat SUV market is set to intensify with 22 new models expected to launch in 2026, leading to fierce competition [2][6] - The report highlights a shift in product strategy from size combinations to price combinations, indicating evolving consumer preferences [2][10] Investment Recommendations - The report suggests focusing on companies like Leap Motor and Great Wall Motors, with specific models expected to drive significant sales growth [7][10] - Geely is also recommended due to its ongoing product cycle contributing to sales and profit increases [7][10]

证券研究报告/投资策略 机构调研策略周报（2026.02.23-2026.02.27） 投资要点 ➢ 机构调研热门行业情况 本周（2026/2/23-2026/2/27），一级行业中，按机构被调研总次数从高到低排 序，电子、机械设备、汽车、轻工制造的关注度较高，其中电子、轻工制造的近 5 天调研机构家数较多。对比春节前一周的调研情况，本周电子行业关注度提升， 此外轻工制造调研机构家数增多，行业可能受益于出口复苏或内需政策预期。 近 30 天（2026/1/28-2026/2/27），一级行业中，按机构被调研总次数从高到 低排序，机械设备、电子、医药生物、基础化工的关注度较高，其中电子、机械 设备的近一个月调研机构家数较多。 ➢ 机构调研热门公司情况 本周机构调研情况，按照近 5 天机构调研次数排名，调研次数较多且机构评级 家数大于 10 家的公司为杰瑞股份、锡业股份、京东方 A；按照近 5 天机构调研 家数排名，调研机构家数较多且机构评级家数大于 10 的公司为杰瑞股份、锡业 股份、京东方 A 等。 近 30 天机构调研情况，按照近 30 天机构调研次数排名，调研次数较多且机构 评级家数大于 10 的公司为大 ...