2026年开年以来，全球资金对中国资产的配置热情持续高涨。从港股市场的密集增持到海外主题ETF的 持续吸金，从机构报告的积极展望到实际资金的加速流入，外资以"唱多又做多"的双重动作，彰显出对 中国经济韧性与资产价值的坚定信心。 接受《证券日报》记者采访的专家普遍表示，外资加码中国资产是多重利好共振下的理性选择，核心原 因集中在三个维度——基本面企稳回升筑牢根基、估值优势凸显吸引力、开放红利持续释放提升便利 性。同时，随着中国产业升级提速，具备持续研发能力与全球化布局的企业将成为外资长期配置核心， 科技股引领的结构性行情有望贯穿全年，中国资产正凭借清晰的成长逻辑成为全球资金配置的重要标 的。 东方金诚研究发展部高级副总监白雪向《证券日报》记者表示，"债券通""互换通"等机制的优化完善， 以及中国债券市场纳入更多国际指数，正显著提升熊猫债对全球长期投资者的吸引力。同时，主权财富 基金、养老金、资产管理公司等资金的配置需求增长，将为外国机构、国际组织和跨国企业进入这一市 场注入更强动力。 布局动作频频 外资对中国资产的青睐，首先体现在实打实的加仓动作中。开年以来，以摩根大通、贝莱德为代表的国 际资本纷纷开启"扫货模 ...

电力设备 | 证券研究报告 — 年度报告 2026 年 1 月 11 日 强于大市 新能源汽车行业 2026 年度 策略 供需格局有望重塑，固态电池加速落地 我们预计 2026 年全球新能源汽车销量保持较高景气度，销量有望创历史新 高，带动产业链需求高增长。"反内卷"共识下叠加需求高增，材料环节盈 利有望迎来量利齐升。以固态电池为代表的新技术产业化落地加速，有望带 动产业链技术升级，维持行业 强于大市 评级。 支撑评级的要点 投资建议 新能源汽车产业链保持较高景气度，2026 年销量有望再创新高。电芯环 节景气度持续上行，竞争格局较优，盈利具备较强韧性；材料环节"反 内卷"成为共识，在"动储双轮"驱动下需求高增或导致供需错配，价 格与加工费修复带动龙头企业量利齐升，建议关注铁锂正极、隔膜、负 极、铜箔等供需趋紧环节的龙头企业。新技术方面，固态电池进入中试 与小批量装车验证窗口期，设备有望率先受益，材料高价值量环节具备 高弹性，建议关注可率先实现稳定供货、工艺相对成熟且具备明确降本 路径的厂商以及与产业链龙头协同合作较早的企业。推荐宁德时代、亿 纬锂能、欣旺达、豪鹏科技、当升科技、容百科技、厦钨新能、华友钴 业 ...

IT之家 1 月 11 日消息，工信部公布了新款极狐阿尔法 S5 的申报图片及相关信息，此次新款车型在外观设计、动力配置等方面均进行了显著调整。 新款极狐阿尔法 S5 纯电版申报图 新款极狐阿尔法 S5 增程版申报图 IT之家注意到，新款极狐阿尔法 S5 在外观上进行了多项调整，新车前包围取消了与前灯组相连的黑色饰板，改为类似字母"C"的造型，这一改变使前脸更 具辨识度。车尾部分，新款车型依旧搭载贯穿式灯组，但后包围样式经过重新设计，视觉效果更加运动。尽管外观有所调整，但新款车型仍保留了与现款车 型相同的前后包围样式作为选装配置。 新款极狐阿尔法 S5 纯电版申报图 新款极狐阿尔法 S5 增程版申报图 车身尺寸方面，新款极狐阿尔法 S5 的长宽高分别为 4886 毫米、1930 毫米和 1480 毫米，轴距为 2900 毫米。与现款车型相比，车长小幅增加，而其他尺寸 数据保持不变。 | 外形尺寸(mm): | 长:4820,4886 宽:1930 高:1480 | | | | --- | --- | --- | --- | | 货箱栏板内尺寸(mm): | 长:宽:高: | | | | 排放依据标准: | | ...

1月8日，河北新城文旅发展有限公司新能源环卫专用车辆采购项目中标结果公示发布。中 标单位为重载绿行（邯郸）新能源汽车有限公司，中标价格为935.1万元。 | 中标单位 | | | | | | --- | --- | --- | --- | --- | | ヴ 统一社会信用代码 | 中标单位名称 | 中标价格 | 大写中标价格 | 质量标 工期 交货 准 期 | | | 91130404MAEXM0N170 重载绿行（邯郸）新能源汽车有限公 9351000.00 玖佰叁拾伍万壹仟 | | | 合格 60日历天 | | | 司 | | Ль | | ● 近4.6亿元公交车招标大单落定！谁是最大赢家？| 头条 ● 新能源重卡千辆级订单盘点！谁是年度"单王"？| 头条 ● 稳固国家能源安全的"液态阳光"，醇氢动力或改写运输行业！ ● 宇通/远程/广通/福田瓜分2亿元大单！ ● 技术构筑未来，重塑全球价值：福田汽车的2025"答卷" | 头条 商用车网传播矩阵邀您 扫码关注 第- 卡车空间站公众号 长按识别 长按识别 皮卡空间站公众号 今日头条号 长按识别 长按识别 百家号 微信视频号 长按识别 快手号 长按识别 ...

Core Insights - The article discusses the challenges faced by Chinese companies in their overseas expansion due to changing geopolitical landscapes, complex business environments, and potential cultural and technological barriers [1] - It emphasizes the need for companies to elevate risk management to a strategic level to ensure sustainable overseas operations, which is crucial for both corporate success and national development [1] Group 1: Development Stages and Dynamics of Chinese Companies Going Global - Since joining the WTO in 2001, Chinese companies have transitioned from tentative layouts to strategic actions, with foreign direct investment stock reaching $31,399.3 billion by the end of 2024, a 105-fold increase since 2002 [2] - China has risen from 25th to a stable position among the top three in global rankings for foreign direct investment, with the number of overseas enterprises growing at an average annual rate of 10.4% to 52,000 [2] - Investment distribution shows a stable concentration in Hong Kong (55%-60%) and rapid growth in Southeast Asia, while the share of traditional markets like the U.S. has decreased from 2.6% in 2015 to 1.1% in 2024 [2] Group 2: Evolution of Outbound Investment Models - The outbound investment model has evolved through three stages: cost-driven exports (2001-2010), brand expansion (2011-2020), and ecosystem export (from 2021 onwards), where companies are now exporting technology, standards, and management practices [3] - The transition is driven by three main forces: market saturation and competitive pressure, technological iteration and industrial upgrading, and the need for resource acquisition and strategic positioning [3] Group 3: Risks Faced by Chinese Companies Abroad - Political risks are the primary challenge, influenced by the stability of host countries, policy changes, and international relations, which can affect operations and lead to significant financial losses [4] - Economic risks include exchange rate fluctuations, inflation, and changes in economic cycles, which can impact profitability and investment returns [4] - Legal risks arise from differences in legal systems, intellectual property protection, and contract enforcement, potentially leading to compliance issues and financial penalties [5] - Cultural risks stem from differences in language, customs, and values, which can create communication barriers and management conflicts [6] - Market risks involve variations in market demand, competitive dynamics, and consumer behavior, which can affect product sales and profitability [6] - Technological risks relate to differing technical standards and the pace of innovation, which can hinder market access and competitiveness [6] Group 4: Recommendations for Risk Mitigation - Companies should prioritize compliance management by understanding local regulations and forming high-caliber legal teams to navigate complex legal environments [8] - Diversifying business layouts across mature and emerging markets can mitigate risks associated with over-concentration in a single market [8] - Establishing robust technology and intellectual property protections is essential for maintaining competitive advantages in international markets [9] - Companies should enhance their ability to utilize policy and financial tools to manage risks effectively, including leveraging government resources and financial products [9] - Focusing on deep localization and building sustainable ecosystems is crucial for integrating into local markets and reducing operational friction [9] Conclusion - In the context of complex international dynamics, companies must adopt a strategic approach to compliance, diversification, technology protection, policy utilization, and localization to navigate risks and achieve sustainable growth [10]

Core Viewpoint - The article discusses the launch of Huawei's first MPV, the Zhijie V9, which is set to enter the market in Spring 2026, highlighting its specifications, competitive positioning, and the growing potential of the new energy MPV market [3][4]. Group 1: Product Information - The Zhijie V9 has a length of over 5.3 meters and a wheelbase exceeding 3.2 meters, featuring a range-extended power system [3]. - It will be equipped with a 53 kWh battery and a 60-liter fuel tank, achieving a maximum CLTC comprehensive range of 1250 kilometers [3]. - The vehicle is positioned in the 500,000 RMB range as a mid-to-large luxury new energy MPV [3]. Group 2: Competitive Landscape - The new energy MPV segment is experiencing significant growth, with a year-on-year sales increase of 33% from January to October 2025, while traditional fuel MPVs saw a decline of 13.9% [4]. - The market is becoming increasingly competitive, with eight new MPV models launched in the first three quarters of 2025, covering price ranges from 100,000 to 500,000 RMB [4]. - In 2026, competition is expected to intensify with the introduction of several new models, including Leapmotor D99 and Geely Galaxy V900, alongside the Zhijie V9 [4].

杭州：西湖区新年首会发布"创新西湖"行动方案 合肥：新能源汽车新春消费季投放千万消费券 苏州：2026年冲刺规上工业产值5万亿元 为促进长三角产业协作与科创协同，智通财经旗下智库澎湃研究所推出"浪尖计划"。作为"浪尖计划"的 子项目之一，《浪尖周报：长三角产业动态》聚焦长三角九大万亿GDP城市最新产业动态，精选162条9 城主要报刊一周（2026年1月5日-2026年1月11日）的重要新闻与领导活动资讯，呈现产业政策动向与发 展趋势。 《浪尖周报》第57期，将于1月12日发布，结合各城市产业发展重点，精选出以下内容： 产业头条： 宁波：市委书记履新首访沪，聚焦科创与航运合作 产业动态： 上海：新年第一会发布优化营商环境9.0版方案 南京：新年第一会发布人才新政2.0版 如您希望订阅《浪尖周报》，请填写【问卷】或扫描海报二维码完成订阅。订阅成功后，每周将通过邮 件为您推送最新产业动态。 无锡：发布新型工业化"增强补育"三年行动方案 南通：加速推进蓝海新材料等重特大项目建设 常州：发布2026"人工智能+"行动计划 ...

逐步"解锁"个人用户服务 中国自动驾驶产业发展正在加速迈入规模化商业落地阶段。1月10日，北汽极狐阿尔法S（L3版）正式 开启规模化上路通行试点运营，首批车辆将驶入京台高速、机场北线高速、大兴机场高速指定区域。 极狐阿尔法S（L3版）的落地，核心依赖于成熟的技术架构与严苛的安全设计。该车搭载了包含3颗激 光雷达在内的34颗高性能传感器，可以实现对车辆周围360度全方位的环境感知覆盖。此外，依托多年 的积累和开放合作，北汽于2025年推出了高端智能网联技术体系"元境智能"，打造"一核三环"安全保障 体系，筑牢测试验证、过程保障、运行监测三道防火墙，构建"全冗余安全架构"，为车辆安全提供全方 位保护。 为进一步确保运营安全有序，此次试点运营采用"B端先行、逐步开放"策略，待相关配套政策进一步成 熟后，计划自2026年二季度起逐步面向个人用户开放。未来，北汽新能源还将推出更多搭载L3自动驾 驶技术的高端车型。 与此同时，北汽新能源与小马智行正式达成"五位一体"战略合作，双方将共同推动在中国验证成熟的极 狐阿尔法T5 Robotaxi走向全球。双方自2024年11月在首届科技日完成战略签约以来，已完成600辆极狐 阿 ...

Group 1 - The core product, Huawei's first MPV, the Zhijie V9, is set to enter the 500,000 RMB luxury new energy MPV market, aiming to enhance competitiveness through safety, technology, design, and scenarios [1] - The Zhijie V9 features a length exceeding 5.3 meters and a wheelbase over 3.2 meters, equipped with a range-extended power system, a 53 kWh battery, and a 60-liter fuel tank, achieving a maximum CLTC comprehensive range of 1,250 kilometers [1] - The vehicle will debut advanced features such as a new generation of Huawei's intelligent driving hardware, a smart cockpit with a tri-screen setup, and a new type of safety airbag [1] Group 2 - The new energy MPV segment is showing significant growth potential, with a year-on-year sales increase of 33% from January to October 2025, while traditional fuel MPVs saw a decline of 13.9% [2] - The market is becoming increasingly competitive, with eight new MPV models launched in the Chinese market by the third quarter of 2025, covering price ranges from 100,000 to 500,000 RMB [2] - The competition is expected to intensify in 2026, with multiple new models, including the Leap D99 and Geely Galaxy V900, set to launch alongside the Zhijie V9 [2]

同一时间轴上，小鹏P7+第10万台整车下线，2026款小鹏P7+首批车主完成交付。制造开放、产品里程 碑与新周期车型同步出现，形成一次高度协同的"组合动作"，也让小鹏汽车的技术与交付能力在同一天 完成集中释放。 在现场，小鹏汽车董事长兼CEO何小鹏并未回避"制造"这一略显沉重的话题。他回顾了自己走访全球工 厂的经历：福特博物馆中对航空创业史的保存、大众透明工厂对交付体验的重构，以及保时捷产线上为 保护工人腰部而设计的翻转装配设备。在他看来，真正决定一家制造型企业上限的，并非某一个技术 点，而是是否理解制造背后的逻辑，以及技术是否真正服务于"人"。 在产品层面，2026款小鹏P7+成为制造体系能力的直接输出结果。在纯电版本全面焕新的基础上，小鹏 汽车首次在该车型上引入超级增程版，纯电续航达到430公里，综合续航最高达1550公里，显著拉开了 与同级产品在使用半径与场景覆盖上的差距。这一变化，也意味着小鹏汽车开始以更系统性的技术路 线，回应真实市场需求。 【小鹏汽车开放工厂 何小鹏用行动解读创新】2026年1月9日，小鹏汽车选择了一种不同于行业惯例的 方式，向外界展示自身的下一步打法——不是发布更多参数，不是强调 ...