自2025年以来，因美国总统特朗普寻求得到格陵兰岛并在关税上对欧盟反复加码威胁，跨大西洋关系持 续承压。由于特朗普与特斯拉公司首席执行官埃隆·马斯克关系密切，特斯拉电动汽车过去一年在欧洲 市场受到很多消费者抵制，销量表现亦持续走弱。（完） 这一行业协会的统计数据涵盖欧盟以及英国、冰岛、挪威、瑞士和列支敦士登。在欧盟范围内，2025年 特斯拉新车注册量同比下降37.9%，市场份额从2024年的2.3%降至1.4%。 新华社布鲁塞尔1月27日电（记者丁英华 康逸）欧洲汽车制造商协会27日公布的统计数据显示，美国电 动汽车品牌特斯拉2025年全年在欧洲的新车注册量为238656辆，同比下降26.9%。 ...

在卡尼访华期间，中加两国达成了一项初步贸易协议：中国将降低对加拿大油菜籽征收的关税，作为交 换，加拿大则将削减对中国电动汽车加征的关税。 油菜籽（又称芥花籽）经压榨可生产食用油等产品，压榨后留下的高蛋白菜粕则广泛用作牲畜饲料。 1月22日，针对中国和加拿大就油菜籽问题达成贸易协议，商务部新闻发言人何咏前称，中方将在规则 框架内充分考虑加方的合理诉求，基于事实和证据作出最终裁决。 陈葭 1月27日，两名贸易消息人士向路透社透露，在加拿大总理马克·卡尼本月早些时候访问中国之后，中国 进口商已敲定多达10船加拿大油菜籽的采购协议。此举有助于缓解市场供应紧张局面。 据两位直接了解交易情况的贸易商表示，这批加拿大油菜籽预计将于2月至4月间发货，每船载重约6.5 万吨。报道称，10船总计约65万吨的油菜籽，相当于中国2024年全年油菜籽进口量的10%以上。 "现在把加拿大油菜籽运进中国市场很容易，压榨企业已经提前预订了这些货，"一位供职于国际农业公 司的消息人士表示。 ...

Core Viewpoint - The relationship between the United States and Canada has soured, with President Trump threatening to impose a 100% tariff on Canadian goods if Canada reaches a trade agreement with China, reflecting a strategy to pressure Canada into abandoning its cooperation with China [1][8][12]. Group 1: U.S.-Canada Relations - Trump's threats are seen as an attempt to assert U.S. dominance over Canada, which has historically relied heavily on the U.S. economy [5][12]. - The U.S. imports significant amounts of oil from Canada and relies on Canadian automotive parts, indicating a deep economic interdependence [12][14]. - Trump's rhetoric includes calling Canada a "state" of the U.S., emphasizing his view that Canada should not engage independently with China [8][10]. Group 2: Canada's Response - Canadian Prime Minister Trudeau responded calmly to Trump's threats, promoting a "buy Canadian" campaign without directly confronting the U.S. [17][19]. - Trudeau's approach signals a commitment to diversifying Canada's trade partnerships and reducing reliance on the U.S. market [21][23]. - The Canadian government has been actively seeking new trade partners, as evidenced by Trudeau's recent visits to China and Qatar [23][25]. Group 3: China-Canada Relations - Canada and China signed a trade cooperation roadmap earlier this year, which has angered the U.S. [3][34]. - China's stance emphasizes mutual benefit and cooperation, rejecting the notion that its relationship with Canada is a threat to the U.S. [34][36]. - The trade relationship between China and Canada is characterized by mutual advantages, with Canada exporting agricultural products to China and importing Chinese goods [38][40]. Group 4: Global Implications - The escalating tensions between the U.S. and Canada, influenced by China's involvement, have drawn global attention [32][44]. - The article suggests that the U.S. is struggling to maintain its hegemonic position as more countries seek independent trade relationships [42][46]. - The narrative indicates a shift towards a multipolar world where countries are increasingly choosing their own paths for economic cooperation [42][48].

"若特斯拉的估值能向同行靠拢，我们或许会认为其风险收益比具备吸引力。" 汇丰银行分析师迈克・ 廷德尔本月初在给客户的研报中写道。但他补充称，其他 "科技七巨头" 成员拥有 "更高的利润率和更 充沛的现金流"，估值却远低于特斯拉。 华尔街对特斯拉公司的态度正释放出矛盾信号。分析师对这家电动汽车制造商今年的盈利潜力愈发持怀 疑态度，但其对特斯拉股票的目标价却在不断上调。 "特斯拉在资本市场上的定位堪称独一无二。" 数据探索研究公司联合创始人尼古拉斯・科拉斯表 示，"它的属性更像是一家风投支持的初创企业，而非传统上市公司。只要其愿景足够宏大，市场估值 的锚点就会落在愿景上，而非盈利与现金流表现。" 过去 12 个月里，分析师对特斯拉 2026 年净利润的平均预期大幅下修 56%，从 141 亿美元降至 61 亿美 元。然而同期内，特斯拉股票的 12 个月平均目标价却从 337.99 美元攀升至 409.49 美元。在此期间，特 斯拉股价累计上涨 7%，周二收盘价报 435.20 美元，远超华尔街对其一年后的价格预期。 科拉斯指出，这种走势 "极为反常"，因为通常情况下，目标价上调往往与盈利预期改善同步出现，而 非在 ...

越南汽车制造商金龙汽车（Kim Long Motor）于本周二表示，将与中国比亚迪合作，在越南北中部地区 投建一座投资额达 1.3 亿美元的工厂，专门生产商用电动机动车电池。 越南汽车制造商金龙汽车（Kim Long Motor）于本周二表示，将与中国比亚迪合作，在越南北中部地区 投建一座投资额达 1.3 亿美元的工厂，专门生产商用电动机动车电池。 金龙汽车在一份声明中称，根据合作协议，该工厂的建设资金将由金龙汽车承担，比亚迪则会提供全方 位的技术支持。 声明指出，这座工厂的占地面积为 4.4 公顷，建成后年产能将达到 3 吉瓦时。 金龙汽车表示，工厂预计很快就能投产，但并未公布具体的时间表。 该工厂的二期扩建工程规划占地面积将增至 10 公顷，年产能也将翻倍至 6 吉瓦时，届时还将新增乘用 电动汽车电池的生产业务。 这座工厂初期的产品将覆盖巴士、卡车、小型巴士等商用车配套电池。 目前越南的电动汽车市场正在快速扩张，本土车企越南汽车制造商（VinFast）占据着市场主导地位。 近期，VinFast 还凭借其电动货运面包车 EC Van 正式进军商用车领域，该车型的研发初衷是为城市可持 续货运交通提供支持。 责 ...

Group 1 - The article discusses the escalating tensions between the U.S. and Canada regarding China's influence, particularly in the context of a recent trade agreement between Canada and China [1][3] - Canada signed a significant agreement with China, the "China-Canada Economic and Trade Cooperation Roadmap," which includes cooperation in agriculture, energy, and electric vehicles, marking a new phase in bilateral relations [3] - The Canadian government has removed a 100% additional tax on Chinese electric vehicles and established an import quota, which is expected to allow Chinese brands to capture a 10% market share in Canada's electric vehicle sector [3] Group 2 - President Trump's reaction to the Canada-China agreement was swift, threatening to impose 100% tariffs on all Canadian goods if Canada continued its trade relations with China [5] - Canadian Prime Minister Carney responded to Trump's comments by emphasizing Canada's independence and the importance of supporting domestic products, indicating a strong stance against U.S. pressure [7] - The article highlights the strategic shift in Canada's foreign policy as it seeks to balance its relationship with the U.S. while pursuing pragmatic cooperation with China, reflecting broader geopolitical dynamics [10]

凭借价格相对亲民的电动及混合动力车型阵容，比亚迪在欧洲大陆实现了飞速崛起，不仅对大众等老牌 本土车企，也对特斯拉等海外竞争对手构成了激烈竞争。 与此同时，特斯拉还不得不应对马斯克此前参与的特朗普政府相关风波的后续影响 —— 该政府已于数 月前卸任，这一事件对消费者的购买意愿造成了负面影响。2025 年，特斯拉全球销量同比下滑 9%，第 四季度销量同比跌幅更是达到 16%。该公司也将全球最大电动汽车制造商的桂冠拱手让给了中国车企 比亚迪。 本月早些时候，马斯克宣布，特斯拉将于 2 月 14 日之后停止以一次性付款的方式出售其全套高级驾驶 辅助功能，转而采用月度订阅服务模式。 此前，特斯拉在美国市场为其完全自动驾驶（Full Self-Driving）系统提供两种购买方案：一次性支付 8000 美元，或每月支付 99 美元订阅。此次服务模式调整的背后，是特斯拉希望提升经常性订阅收入的 战略考量。 美股频道更多独家策划、专家专栏，免费查阅>> 来源：环球市场播报 随着中国汽车巨头比亚迪的销量持续反超埃隆・马斯克旗下的电动汽车制造商特斯拉，特斯拉以欧洲市 场销量下滑的成绩结束了这一年。 据欧洲汽车制造商协会（ACEA ...

Group 1 - Tesla's upcoming earnings call may be overshadowed by questions regarding SpaceX, particularly about potential IPO considerations for long-term Tesla shareholders [1] - Approximately 1.4 million shares of Tesla are held by investors curious about their position if SpaceX goes public, with SpaceX's valuation potentially reaching $1.5 trillion [1] - Experts suggest that a targeted allocation plan could be a way for SpaceX to prioritize Tesla shareholders, although details remain unclear [1] Group 2 - Investors are keen on Tesla's plans in artificial intelligence and robotics, with the company recently starting to deploy driverless vehicles in Austin, marking a significant milestone [2] - Tesla's vast data resources are seen as a competitive advantage in the robotaxi market, and there is optimism about the company's ability to scale operations [2] - The company plans to begin production of the Cybercab, a vehicle without pedals or a steering wheel, in April [2] Group 3 - Tesla will discontinue the one-time purchase option for its Full Self-Driving (FSD) feature, shifting to a subscription model priced at $99 per month, with future price increases expected [3] - Investors are also interested in the humanoid robot Optimus, which is expected to start external sales by the end of 2027, currently being used for simple tasks in Tesla's factories [3] - The company plans to showcase the next generation of Optimus this quarter and aims to start mass production by the end of the year, though challenges in design and scaling remain [3] Group 4 - Tesla aims to introduce more affordable models, with plans for the Cybercab priced around $25,000, making it one of the few electric vehicles under $35,000 in the U.S. market [4] - Regulatory challenges may arise due to the design of the Cybercab, which is envisioned without a steering wheel or pedals [4] - The last new model launched was the Cybertruck in 2023, which has not met previous sales expectations, with projected sales for 2025 down 48% from the previous year [4]

本报驻英国特约记者 纪双城 本报记者 丁雅栀 "中国汽车制造商瞄准英国。"英国《金融时报》日前以此为题报道称，蔚来、埃安和极氪在内的中国车 企纷纷计划于今年在英国推出相关车型。报道认为，对于希望拓展海外市场的中国汽车制造商而言，英 国市场至关重要，因为英国并未对中国制造的电动汽车征收更高的关税。此外，由于缺乏本土的大众市 场汽车制造商，英国消费者也更容易接受新品牌。 根据英国汽车制造商和贸易商协会的统计，2025年，以名爵为代表的中国品牌在英国的市场份额较前一 年翻了一番，超过10%。仅在去年12月，比亚迪和奇瑞的市场份额就分别从一年前的1%和0.7%增长至 5%，而当月中国品牌的整体市场份额达到18%。 据报道，中国车企吉利去年进入英国市场，并表示希望每年销售10万辆汽车，而且将为其电动汽车电池 提供8年质保。2025年的其他进场者包括长安、小鹏和零跑汽车。 然而，前往英国市场对于中国车企来说也面临一些挑战，比如需要面临特斯拉、大众等欧美电动汽车的 激烈竞争。另外，钟师提醒，中国新能源车出口英国与出口欧洲其他国家并无本质区别，核心挑战仍集 中在售后服务与文化融入层面。英国消费者对首次接触的中国品牌服务要求更 ...

Core Viewpoint - The key to building a strong energy nation in China lies in overcoming the bottleneck of grid stability and constructing a new energy system, focusing on seven types of infrastructure development [1]. Group 1: Infrastructure Development - The seven types of infrastructure include: flexible and clean transformation of coal power; large-scale energy storage to reduce costs; development of charging facilities and "vehicle-grid interaction"; enhancement of grid intelligence through artificial intelligence; construction of transmission channels for renewable energy bases in the west; resource-oriented energy consumption; and deepening market reforms to establish a unified national carbon market and green electricity market [1][2]. Group 2: Coal Power Transformation - Clean and flexible coal power is a solid support and important infrastructure for the new energy system, with a significant decline in operating hours for coal power due to its role in supporting grid stability [2]. Increasing coal power utilization hours to 5,500 could match current wind and solar generation levels [2]. Group 3: Energy Storage - The cost reduction effect from advancements in energy storage technology is diminishing, necessitating economies of scale for future cost reductions, particularly for grid-side energy storage [3]. While coal power has lower short-term costs, its long-term costs are rising, whereas large-scale energy storage costs are expected to decrease over time [3]. Group 4: Electric Vehicle Infrastructure - The rapid increase in electric vehicle adoption necessitates widespread charging infrastructure, with projections indicating that by 2025, the penetration rate of new energy vehicles will exceed 50% [4]. This infrastructure will allow for flexible charging times, leveraging peak and off-peak electricity prices [4]. Group 5: Artificial Intelligence in Energy - Artificial intelligence enhances the intelligence of the grid, improving the efficiency of matching electricity supply and demand, and enabling real-time monitoring and dynamic optimization of the entire energy production, transmission, and consumption process [5]. Group 6: Renewable Energy Bases and Transmission - The construction of large-scale renewable energy bases in the west and transmission channels to the eastern load centers is crucial, with anticipated high costs for long-distance transmission [6]. Two main transmission routes are expected to connect the west and east, focusing on wind, solar, and hydrogen energy [6]. Group 7: Resource Optimization in Energy Consumption - Viewing energy consumption as a vital resource allows for economic benefits through optimized resource allocation, including virtual power plants and load aggregation platforms [7]. Enhancing existing system capacity and scheduling efficiency can help meet energy supply demands without relying solely on new energy sources [7]. Group 8: Market-Oriented Energy Reforms - The establishment of a unified national energy market, including carbon trading, green electricity, and green certificates, is essential for supporting new energy infrastructure [8]. These reforms aim to enhance market competitiveness and adapt to dynamic energy changes, with the potential for residential electricity price reforms as electric vehicle adoption increases [8].