点 击 蓝 字 关 注 我 们 本文全文共 3953 字，阅读全文约需 13 分钟 目录 国内新闻 1.加拿大总理卡尼宣布:进口4.9万辆中国电动汽车 国外新闻 1.2025年12月印尼新车销量同比增长近18% 2.以色列网约车法案获批，优步、Lyft将入当地市场 3.德国拟推出最高7,000美元电动汽车补贴 2.国家统计局:12月份社会消费品零售总额同比增长0.9% 3.上海"十五五"规划:软硬协同、数智驱动 、 提速智能网联新能源汽车发展 4.河北印发方案提升电动汽车充电设施服务能力 5.奇瑞举行2026年AI大会 6.理想汽车2025年辅助驾驶出行报告发布 7.领克06达成30万辆下线 加速进军拉美与中东 8.比亚迪在坦桑尼亚首家品牌中心店开业 4.马鲁蒂铃木将投39亿美元在印度新建工厂 商用车 1. 时代骐骥与平安租赁战略合作 共推5000台底换重卡落地 2. 英国推出高额补贴 大力推动电动卡车普及 3. 依维柯携手PlusAI在西班牙测试自动驾驶卡车 4. 济南政协委员建议尽快出台《济南市快递无人车道路通行管理办法》 国内新闻 1 加拿大总理卡尼宣布:进口4.9万辆中国电动汽车 时间:2026.1. ...

Market Performance - The commercial vehicle sector increased by 2.73% on January 19, with Jinlong Automobile leading the gains [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] Individual Stock Performance - Jinlong Automobile (600686) closed at 20.00, up 5.71% with a trading volume of 574,200 shares and a transaction value of 1.155 billion yuan [1] - Jianghuai Automobile (600418) closed at 51.62, up 4.77% with a trading volume of 1,230,500 shares and a transaction value of 6.328 billion yuan [1] - Foton Motor (600166) closed at 3.05, up 3.74% with a trading volume of 2,058,900 shares and a transaction value of 623 million yuan [1] - Other notable performers include Zhongtong Bus (000957) up 3.09% and Shuguang Co. (600303) up 2.83% [1] Capital Flow Analysis - The commercial vehicle sector saw a net inflow of 6.6101 million yuan from institutional investors, while retail investors contributed a net inflow of 27 million yuan [1] - However, there was a net outflow of 276 million yuan from speculative funds [1] Detailed Capital Flow for Selected Stocks - Jinlong Automobile had a net inflow of 51.9386 million yuan from institutional investors, but a net outflow of 11.8010 million yuan from speculative funds [2] - China National Heavy Duty Truck (000951) experienced a net inflow of 34.9853 million yuan from institutional investors, with a significant outflow from speculative funds [2] - Foton Motor (600166) also saw a net inflow of 28.1570 million yuan from institutional investors, while speculative funds had a net outflow [2]

Group 1 - The A-share market is transitioning from an "emotion-driven" phase to one anchored by performance, indicating a shift towards a more stable upward trend [1][2] - As the annual report preview period approaches, the focus of investment logic is shifting from narrative-driven speculation to performance verification [1][2] - A robust investment strategy should combine high-growth sectors like AI computing with cyclical sectors such as resources and manufacturing to create a balanced portfolio [1][2] Group 2 - The adjustment of financing margins does not alter the overall upward trend of the market but will impact its structure, leading to increased competition among thematic sectors [2][4] - The current market environment suggests that the next key verification point will be the performance disclosures in April, with a focus on sectors like AI applications and robotics [3][4] - The market is expected to experience short-term fluctuations, with a focus on sectors benefiting from supply-demand improvements, such as new energy and consumer goods [4][5] Group 3 - The policy environment remains supportive, with indications of potential interest rate cuts, which could bolster market confidence and support a long-term bullish trend [6][7] - The current market structure is likely to see a rotation towards sectors with strong fundamentals, such as industrial resources and consumer recovery channels [3][7] - The investment focus should remain on sectors with high growth potential, including AI, semiconductor equipment, and traditional manufacturing [3][5][10] Group 4 - The "spring rally" is facing short-term pressures due to complex macroeconomic conditions and regulatory measures aimed at stabilizing the market [8][9] - Despite recent market corrections, the underlying logic for AI applications remains intact, suggesting continued investment opportunities in this area [8][12] - The overall market sentiment is expected to stabilize, with a focus on sectors like electronics, power equipment, and non-bank financials as potential investment areas [9][10]

Core Viewpoint - The current market sentiment is driven by liquidity and risk appetite, leading to a concentration of hot sectors and thematic investments, which has resulted in structural overheating in some areas [1][2] Group 1: Market Trends - The recent "opening red" market rally is characterized by significant liquidity and heightened risk preferences, with a clear focus on thematic investments [1][2] - The adjustment of financing margin ratios aims to prevent systemic risks and guide the market back to rationality, while broad-based ETFs have experienced significant net outflows, indicating a market entering a phase of consolidation [1][2] - Historical comparisons suggest that the current spring market rally is still in its early stages, with potential for new highs following a short-term correction [1][2] Group 2: Sector Focus - Analysts emphasize that the upcoming earnings reporting period will shift focus back to performance indicators, particularly in sectors expected to show high growth or improved conditions, such as electronics, machinery, and pharmaceuticals [1][2] - The adjustment in financing margins is not expected to impact the overall upward trend of the market but will affect sector dynamics, with increased competition among thematic sectors [2][3] - The focus on sectors benefiting from the "anti-involution" trend and price increases includes chemicals and non-ferrous metals, with a particular emphasis on high-growth areas in the upcoming earnings forecasts [2][3] Group 3: Investment Strategies - The market is expected to maintain a "slow bull" trend, with a focus on performance fundamentals as the primary driver of investment decisions, while cautioning against irrational speculative activities [2][3] - The anticipated earnings reports in late January are expected to catalyze significant market movements, particularly in sectors with strong performance indicators [2][3] - The overall market sentiment remains positive, with expectations of continued upward momentum despite short-term fluctuations, driven by fundamental improvements and policy support [2][3]

Core Viewpoint - The commercial vehicle market in China has shown consistent growth since June 2025, with total sales expected to exceed 4 million units for the year, reaching approximately 4.2965 million units, marking a year-on-year increase of 11% [1][17][25]. Sales Performance - In December 2025, the commercial vehicle market sold 425,000 units, reflecting an 8% month-on-month increase and a 15% year-on-year increase, although the growth rate compared to the previous month decreased by 9 percentage points [3][10]. - The December 2025 sales figure is the highest for that month in the past five years, surpassing December 2024 by approximately 56,400 units and exceeding the lowest figure from December 2022 by over 130,000 units [5]. Market Share and Rankings - The top ten companies in December 2025 accounted for 72.5% of the market share, with the top five companies holding over 46.7% [14]. - Foton led the monthly sales with 57,700 units, maintaining its position as the annual sales champion for 2025 [9][19]. - The rankings of companies in the top ten saw changes, with Dongfeng and Changan moving up in the rankings, while some companies experienced declines [15]. Yearly Performance of Leading Companies - Foton's total sales for 2025 exceeded 600,000 units, while other leading companies like Heavy Truck and Dongfeng also surpassed 400,000 units, with sales figures of 428,200 and 403,100 units respectively [19]. - The overall market share for the top ten companies reached 75.3%, with Foton and Heavy Truck having market shares of 15.0% and 10.0% respectively [22]. Industry Trends - The commercial vehicle market has shown a competitive landscape with significant shifts in rankings and market shares among leading companies, indicating a dynamic and evolving industry [23]. - The year 2025 concluded with a strong performance, setting the stage for potential developments in 2026 [25][26].

1月16日，戴勒姆卡车发表声明称，2025年卡车和客车总销量达422,510辆，较去年460,409辆同比下降 8%。其中，北美卡车业务板块销量下降26%，至141,814辆。 1月16日，戴勒姆卡车发表声明称，2025年卡车和客车总销量达422,510辆，较去年460,409辆同比下降 8%。其中，北美卡车业务板块销量下降26%，至141,814辆。 ...

（编辑 丛可心） 证券日报网讯 1月16日，长源东谷在互动平台回答投资者提问时表示，公司2025年在柴油商用车领域的 市场占有率正在统计过程中，请稍后关注公司定期报告。广西玉柴系公司重要客户与合作伙伴，其相关 数据建议直接向对方咨询。 ...

中国商用车论 CHINA COMMERCIAL VEHICLES FO 中国汽车工业协会文件 诚邀国内外行业同仁、产业链伙伴、专家学者、中汽协会 会员单位以及关心商用车行业发展的各界朋友参加盛会。我们 期待与大家一道,以开放眼光、合作姿态共同推动我国商用车 产业高质量发展! 现就论坛有关事项说明如下: 中汽协字[2026] 001 号 关于举办 2026中国商用车论坛的通知 各有关单位: 2026年是"十五五"规划开局之年,商用车产业作为国民 经济的支柱性、基础性产业,承载着保障产业链供应链畅通、 推动绿色低碳转型、构建现代化综合运输体系的核心使命,其 高质量发展态势直接关系到实体经济效能提升与国家战略落地。 当前,行业正迈入结构升级提速、价值竞争深化的全新周期, 政策与市场形成双重驱动合力。在此关键节点,为凝聚行业共 识、破解转型难题、共绘发展蓝图,中国汽车工业协会将于 2026 年 3月25日-27日在湖北省十堰市,举办以"新能源转型、数 智化赋能:新形势下商用车发展的新要求与新路径"为主题的 2026 中国商用车论坛。 中国商用车论坛是中国汽车工业协会倾心打造的我国商用 汽车行业的顶级盛会。2026中国 ...

Industry Insights - The Ministry of Industry and Information Technology and five other departments have issued a plan to promote green low-carbon consumption in sectors such as new energy vehicles and green building materials [2] - The plan includes enhancing the efficiency standards for consumer products and promoting the certification of green building materials [2] - There is a push for the development of national standards for smart home interconnectivity and support for enterprises to create comprehensive smart and green solutions [2] Product Analysis - The core technology of new energy large vans includes platform design, allowing for flexible cargo dimensions through various combinations of wheelbase, vehicle height, and cargo layout [7] - New energy large vans show stronger adaptability in scenarios such as express delivery, supermarket distribution, and cold chain transportation [9] - User experience is expected to be upgraded with the introduction of these new energy large vans [11] Market Strategy Recommendations - Companies are advised to enhance innovation in research and development and focus on application scenarios to drive growth [13] - There is a recommendation for commercial model innovation, shifting from merely selling vehicles to providing services and ecosystems that address the entire vehicle purchase journey [21] Sales Forecast - The light commercial vehicle market is expected to maintain stability amid structural adjustments, with sales projected to reach approximately 2.9 million units in 2026, reflecting a slight increase of 1.9% [28]

1月13日，时代骐骥与平安租赁正式签署战略合作协议，双方将充分发挥各自在重卡底盘换 电解决方案与金融租赁服务领域的优势，共同开拓新能源换电重卡市场，计划在2026年共 同推动5000台底换 电 重卡落地。 宁德时代换电业务总经理、时代骐骥CEO杨峻，平安租赁商用车事业部、汽车经营租赁 （新车）事业部总经理王雨青出席仪式并见证签约，时代骐骥电池租赁业务中心总经理郭琦 与平安租赁商用车事业部大中区总经理金科分别代表双方签约。 根据协议，双方将重点围绕骐骥底换重卡场景的电池经营性租赁及换电站补能业务开展合 作，通过资源共享与信息协作，为客户提供多元化的产品与服务。2026年，双方计划共同 推动5000台底盘换电重卡落地。同时，双方还将在换电车型推广、动力电池梯次利用、运 力网络搭建及金融产品创新等领域深化协同，全力构建覆盖车辆、电池与补能设施的全生态 产业链。 此次战略合作的达成，是双方响应国家"双碳"目标、推动交通物流绿色转型的重要实践， 通过"技术方案+金融服务"的深度融合，将有效降低用户初始购车成本和使用门槛，加速电 动重卡的普及，助力物流降本增效。 ● 董事长换人！东风子公司发生多项重要变更 | 头条 ● ...