Core Insights - The export scale of "new three items" products is expected to reach nearly 1.3 trillion yuan in 2025, representing a growth of 3.5 times compared to 2020 [1] Group 1: Trade Growth - China's goods trade continues to optimize and upgrade, with the "newness" and "greenness" of foreign trade increasing [1] - High-tech product imports and exports have an average annual growth rate of 7.9% over the past five years, with a further acceleration to 11.4% in 2025 [1] - The contribution rate of high-tech products to overall foreign trade growth is close to 60% [1] Group 2: E-commerce Development - The cross-border e-commerce import and export volume is projected to reach 2.75 trillion yuan in 2025, marking a growth of 69.7% compared to 2020 [1]

今日，据九派财经消息，近日，有媒体报道称，沃尔沃汽车因电池制造商欣旺达供应的电池存在安全隐 患，已在全球多个国家和地区启动召回沃尔沃EX30车型。对此，欣旺达董事长王威回应，相关网络传 言并不属实。 今日，据九派财经消息，近日，有媒体报道称，沃尔沃汽车因电池制造商欣旺达供应的电池存在安全隐 患，已在全球多个国家和地区启动召回沃尔沃EX30车型。对此，欣旺达董事长王威回应，相关网络传 言并不属实。 王威表示，涉事的电池组本身并不是由欣旺达供货——相关产品是由沃尔沃系统内工厂提供的。电芯也 是由吉利和欣旺达的合资公司生产（即山东吉利欣旺达有限公司），其中欣旺达占股很少，只有30%。 欣旺达官方也表示，上述交易与欣旺达动力无关。本次媒体所传沃尔沃拟召回的EX30电动汽车电池 包，系由山东吉利欣旺达有限公司生产电芯，供应给沃尔沃的电池系统供应商。电池系统公司组装成电 池包后销售给沃尔沃。 据知情人士透露，该事件中电池包、BMS（电池管理系统）、热管理及结构件均是由吉利旗下的威睿 电动汽车技术（宁波）有限公司（以下简称"吉利威睿"）设计制造。企查查显示，该公司由极氪汽车持 股51%，吉利汽车集团持股49%。 电车界此前 ...

Core Viewpoint - China's foreign trade is continuously optimizing and upgrading, with increasing "new" and "green" content in exports and imports [1] Group 1: Trade Growth - The average annual growth rate of high-tech product imports and exports over the past five years is 7.9%, with a further acceleration to 11.4% in 2025 [1] - The contribution rate of high-tech products to overall foreign trade growth is close to 60% [1] Group 2: Key Product Exports - The export scale of "new three items" including electric vehicles, photovoltaic products, and lithium batteries is expected to reach approximately 1.3 trillion yuan in 2025, representing a 3.5 times increase compared to 2020 [1] Group 3: E-commerce Growth - Preliminary statistics indicate that China's cross-border e-commerce imports and exports will reach 2.75 trillion yuan in 2025, marking a 69.7% increase from 2020 [1]

Group 1 - The core viewpoint is that the application of artificial intelligence (AI) in mainland China is accelerating, benefiting sectors such as technology, healthcare, and non-ferrous metals, with continuous upward adjustments in profit expectations for the technology sector [1] - The semiconductor industry is also expected to benefit from AI-driven investments and domestic substitution demand [1] - Geopolitical risks are easing, and liquidity injections are favorable for the stock markets in mainland China and Hong Kong, maintaining a neutral outlook for the Hong Kong stock market over the next 12 months [1] Group 2 - In the ESG (low-carbon) investment sector, governments reached a consensus at the 30th United Nations Climate Change Conference to significantly increase investments in clean energy and low-carbon economies [1] - The International Energy Agency (IEA) predicts that total global investment in energy transition will amount to several trillion dollars, greatly promoting the development of renewable energy, energy storage technologies, and electric vehicles [1] - Low-carbon strategies are providing higher downside protection and relatively better returns compared to traditional stock strategies amid increasing volatility in the investment environment [1] Group 3 - The CEO of the company believes that the investment boom in artificial intelligence is not over and is not in a bubble phase, as the related industrial chain is benefiting from positive spillover effects [1] Group 4 - Looking ahead, the impact of tariffs on the global economy will continue to be a focal point for the market, with expectations of volatility due to market sensitivity to related news [2] - The company maintains a neutral outlook on global equities over the next 12 months, given that economic resilience exceeds previous expectations, while remaining cautious about sudden market news related to trade negotiations and geopolitical events [2]

凤凰网科技讯 北京时间1月14日，据《商业内幕》报道，随着美国联邦电动汽车补贴在去年第三季度终 止，美国汽车制造商需要依靠自身竞争力求生存。在这种背景下，特斯拉在美国电动汽车市场的份额大 增，因为对手更挣扎。 汽车研究公司Cox Automotive周二发布了美国第四季度电动汽车销售预估数据，这些数字显示了在没有 政府帮助的情况下，哪些公司表现强劲，哪些公司面临困难。 Cox的数据显示，特斯拉在美国电动汽车市场再次占据主导地位，其市场份额在第四季度飙升至59%， 较上一季度的41%大幅增长。其中一个主要原因是，美国电动汽车公司现在必须在没有政府补贴的情况 下实现盈利。而在这个过程中，销量规模至关重要。 尽管近期销量有所下滑，特斯拉第四季度在美国仍售出了13.8万辆电动汽车。这种规模效应使得该公司 能够在保持相对低价的同时维持盈利。 特斯拉美国市场份额走势 不过，特斯拉电动皮卡Cybertruck的销量依旧惨淡，去年在美国共售出20,237辆，几乎只有2024年销量 的一半。去年第四季度，Cybertruck的销量更是同比下降了68%。特斯拉CEO埃隆·马斯克(Elon Musk)此 前一度预计，Cybertr ...

Core Viewpoint - The resilience of China-EU relations is highlighted amidst increasing geopolitical tensions and protectionism, with both parties reaching a significant consensus on price commitment applications for Chinese electric vehicle companies [1] Group 1: Key Developments - The EU officially released guidelines for submitting price commitment applications, allowing Chinese electric vehicle companies to comply with these regulations [1] - The negotiations were characterized by mutual respect and adherence to World Trade Organization (WTO) rules, showcasing a rational approach to counter zero-sum game thinking [2] - The price commitment mechanism is seen as a predictable alternative that mitigates trade costs and ensures normal business operations for supply chain enterprises [2] Group 2: Industry Implications - The deep interconnection of the China-EU electric vehicle supply chain is emphasized, with the competitive edge of China's electric vehicle industry stemming from technological innovation and market competition [3] - The guidelines acknowledge the positive impact of Chinese investment and technology on Europe's green transition, suggesting that collaboration is more beneficial than imposing tariffs [3] - The resolution of the electric vehicle case is viewed as a calibration of the China-EU economic relationship, reinforcing the idea that open cooperation is the way forward [4] Group 3: Future Outlook - The China-EU economic relationship may enter a new phase characterized by normalized competition and stable cooperation, although the EU's "de-risking" policies remain a concern [4] - The successful resolution of the electric vehicle case should serve as a model for future negotiations, emphasizing the importance of maintaining global supply chain stability [4]

根据Cox Automotive周二发布的数据，特斯拉去年在美国售出了20237辆Cybertruck，较2024年销量下降 了近一半，而且去年第四季度的销量同比下降了68%。 特斯拉在墨西哥和加拿大销售这款皮卡，最近开始在韩国销售，但Cybertruck笨重的不锈钢车身和锋利 的边缘使其几乎无法在欧洲和中国市场销售。 特斯拉去年还在阿联酋、沙特和卡塔尔推出了Cybertruck，这三个石油资源丰富的国家充电站稀缺，电 动汽车销量也很低。 这一数字与马斯克在2023年Cybertruck下线之前设定的每年25万辆的销量目标相差甚远。 这款备受关注的电动皮卡获得了超过100万的预订，但早期车型的价格超过了7.9万美元，远高于马斯克 在2019年提出的近4万美元的价格。 自那以来，Cybertruck的需求一直低迷，而且因质量问题自2023年以来已发起过10次召回。虽然其中一 些问题已经通过简单的软件更新得到了解决，但事实证明，其他问题更加严重，包括加速踏板可能会在 全速行驶时卡住，可选的越野灯杆可能会脱落，以及Cybertruck滑稽的大挡风玻璃雨刷失灵。 与此同时，Cybertruck非常独特的设计给特斯拉带 ...

（央视财经《经济信息联播》）商务部昨天（1月12日）发布通报，中欧电动汽车案价格承诺磋商取得 重大突破。同日，中国机电商会和欧盟中国商会发布声明，对这一成果表示欢迎和肯定。 中国机电商会表示，妥善解决欧盟对华电动汽车反补贴案，是中欧电动汽车上下游业界的普遍期待。中 欧双方本着相互尊重和对话精神，经过多轮磋商，成功推动该案实现"软着陆"。中国机电商会将鼓励和 支持涉案企业充分利用磋商成果，以价格承诺申请方式，努力争取自身对欧出口权益，促进中欧相关产 业合作健康发展。 欧盟中国商会对中欧双方通过对话磋商推动电动汽车案实现"软着陆"表示高度欢迎和充分肯定。这一重 要成果积极回应了包括汽车产业在内的业界高度关切，不仅有利于推动中欧经贸与投资合作及双边关系 的健康稳定发展，也向全球市场释放出清晰而有力的信号：中欧坚定致力于通过对话协商妥善管控分 歧，共同维护以规则为基础的多边贸易体制和开放型世界经济。作为全球两大重要经济体，中欧作出的 这一共同决定不仅具有重要的双边意义，也具有积极的全球示范效应。 转载请注明央视财经 编辑：令文芳 中国机电产品进出口商会法律服务部主任 陈惠清：对电动汽车这一复杂产品而言，谈"价格承诺" ...

风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 在经历两年多围绕电动汽车贸易问题的磋商后，中欧双方近日达成阶段性共识，为缓和紧张的经贸关系 释放出积极信号。中国机电商会更用"软着陆"来形容此次谈判成果。 从中国欧盟商会处获悉的一份声 明中，商会主席彦辞（Jens Eskelund）对欧中双方就电动车磋商达成新的共识给予积极评价。"基于欧 盟法规，双方就为中国出口至欧盟的纯电动汽车提供价格承诺指导意见达成共识，这是一个积极的信 号。商会希望，未来在出现此类问题时，（欧中）双方能继续进行坦诚、建设性的对话。" 同样的，复 旦大学中欧关系研究中心主任，上海欧洲学会副秘书长简军波也认为，此次中欧最新磋商进展的意义不 单局限于利好中欧电动车贸易，他向智通财经表示，这一成功实践为未来中欧处理各类经贸摩擦提供了 参考，具有重要的示范意义，"相较于单边制裁、贸易保护主义等手段，通过双边协商达成共识的方式 更具建设性"。 据路透社报道，当地时间12日，欧盟委员会发布了《关于提交 ...

Core Viewpoint - The EU has made significant progress in negotiations with China regarding anti-subsidy tariffs on electric vehicles, replacing high tariffs with a "price commitment" mechanism to facilitate exports of Chinese electric vehicles to the EU [1][3][4]. Group 1: Negotiation Outcomes - The "price commitment" mechanism is a result of mutual discussions between the EU and China, aimed at managing trade frictions and maintaining a rules-based international trade order [3][4]. - The Chinese automotive industry sees the adoption of the "price commitment" as a major positive outcome, signaling enhanced cooperation between China and the EU in the automotive sector [3][4]. Group 2: Impact on Export Pricing - Previously proposed high anti-subsidy taxes could have reached nearly 45%, significantly impacting the cost structure and pricing of Chinese electric vehicles in the EU market [4]. - The EU's decision to implement a "price commitment" mechanism is intended to allow Chinese exporters to raise vehicle prices, thereby mitigating potential impacts on the local automotive market [4][6]. Group 3: Guidelines for Price Commitment - The EU has published guidelines for submitting price commitments, which will be evaluated based on non-discrimination and fairness principles, in accordance with WTO rules [5][6]. - The guidelines outline two potential methods for determining the minimum import price (MIP), ensuring that prices do not fall below those of comparable non-subsidized electric vehicles produced in the EU [6][10]. Group 4: Market Dynamics and Growth Potential - The agreement is expected to stabilize market access for Chinese electric vehicles in the EU, with projections indicating an annual growth rate of approximately 20% for Chinese electric vehicles in the EU market [9][10]. - The "price commitment" mechanism is anticipated to encourage Chinese automakers to shift from a low-cost strategy to a focus on high-end products and local production in Europe [9][10]. Group 5: Industry Reactions - Various industry associations have expressed support for the resolution of the EU's anti-subsidy case, highlighting the importance of dialogue in maintaining stable economic and trade relations between China and the EU [11][12]. - The consensus reached is viewed as a significant step towards fostering cooperation and stability in the automotive supply chain between the two regions [11][12].