本报讯 （记者刘钊）12月28日，零跑汽车在杭州奥体中心体育馆（小莲花）隆重举办成立十周年发布 会。 十年深耕：全域自研铸就硬核实力，市场业绩全面开花 零跑汽车的十年，是一部以"全域自研"为基因、以"科技普惠"为使命的工程师创业史。2015年，怀 揣"IT改变汽车"的愿景，拥有三十多年技术背景的创始人朱江明带领零跑跨界入局，从行业"门外汉"成 长为造车新势力领军者。独特的工程师文化与长期主义精神，成为零跑穿越行业周期、实现高质量发展 的核心支撑。 十年来，零跑始终将全域自研作为核心驱动力，初创期研发人员占比高达90%，至今仍保持80%的高水 平。研发体系全面覆盖整车架构、电子电气架构、电池、电驱、座舱系统、辅助驾驶系统等关键领域， 自研自造占整车成本的65%，掌握了新能源汽车所需的全部核心技术。凭借技术突破，零跑推出中国首 款车规级智驾芯片凌芯01，以及八合一电驱、CTC电池底盘一体化技术、四叶草中央域控等行业领先成 果，并将激光雷达、8295芯片等高端配置带入大众化市场，让更多用户享受到科技红利。 在制造与供应链领域，零跑构建了独特的"整车＋Tier"双轮驱动模式。基于深度自制战略，已建成电 芯、电池系统、 ...

此外，零跑D系列首款科技豪华旗舰SUV-D19迎来全球内饰首秀亮相，旗下首款科技豪华旗舰MPV-D99同步亮相全球首秀。中国一汽和斯泰兰蒂斯 （Stellantis）集团两大战略伙伴，以及来自用户、经销商、投资人、媒体等各界嘉宾，共同见证了这一时刻。 2025年12月28日，零跑汽车在杭州奥体中心体育馆举办十周年发布会。发布会上，零跑科技创始人、董事长、CEO朱江明在现场回顾零跑十年造车之路，并 发布未来十年战略规划。 通过与国际汽车巨头斯泰兰蒂斯集团的战略协同，零跑开创了一条高效、独特的出海路径。借助斯泰兰蒂斯集团遍布全球的资源体系，围绕渠道网络、售后 服务、汽车金融、物流及零部件赋能等展开全方位合作，实现品牌国际化的加速突围。截至目前，零跑业务网络已覆盖全球35个国家和地区，成功登陆欧 洲、亚太、南美、中东及非洲等区域，海外销售和服务网点建设超800家，其中欧洲超750家，亚太超60家，南美超40家。继2024年10月获得斯泰兰蒂斯集团 战略投资后，零跑于2025年3月与中国一汽达成深度合作。 继今年10月16日在上海浦东全球外观首秀之后，零跑D19在本次发布会上迎来内饰全球首秀。新车提供六座/七座灵活布 ...

Core Insights - Leap Motor, celebrating its 10th anniversary, reported significant achievements for 2025, including nearly 600,000 annual sales and expansion into 35 overseas markets with over 800 stores [1] - The company's growth trajectory aligns with China's strategic transformation periods, showcasing a successful example of "bending the curve" in manufacturing [1] - Leap Motor's commitment to core technology independence has been evident since its inception, focusing on self-developed components to differentiate itself from competitors [2][3] Company Development - Leap Motor launched its first model, the S01, in 2017, which, despite low sales, served as a testing ground for its self-research capabilities [2] - The company transitioned to the high-value micro electric vehicle market with the T03 in 2020, achieving rapid sales growth and funding further research [3] - Leap Motor has built a robust engineering team of 6,000, with over 80% in R&D, achieving over 65% self-manufacturing of core vehicle components [3] Technological Advancements - Leap Motor has developed key technologies such as the "Lingxin 01" automotive-grade intelligent driving chip and an integrated battery chassis system, breaking foreign technology monopolies [3][4] - The company has achieved an 88% commonality rate in parts across its C series SUVs, significantly reducing R&D and manufacturing costs [3] - Advanced features previously exclusive to luxury vehicles are now standard in Leap Motor's models, promoting wider adoption of smart electric vehicles [4] Market Positioning - Leap Motor has strategically targeted the mainstream market (priced between 100,000 to 200,000 yuan), emphasizing cost-effectiveness over brand premium [6] - The company has achieved over 600,000 annual sales and 60,000 overseas deliveries by 2025, leading among new energy vehicle brands [6][8] - Leap Motor's unique approach of focusing on engineering capabilities rather than market trends has allowed it to navigate industry challenges successfully [6][7] Global Expansion - Leap Motor's global strategy includes partnerships with Stellantis to enhance its international presence, with over 800 overseas channels established [9][10] - The company showcased its models at international auto shows, gaining attention and interest from global automotive leaders [8][9] - Leap Motor plans to expand into South America, establishing a network of dealerships and local partnerships to facilitate market entry [10] Strategic Vision - Leap Motor's journey reflects the broader evolution of China's electric vehicle industry, emphasizing the importance of technological independence and long-term commitment [11][12] - The company maintains a cautious approach to its achievements, recognizing the need for continuous improvement to reach global competitiveness [12] - Leap Motor's story is a testament to the potential of Chinese manufacturing to excel on the global stage through innovation and strategic alignment with national goals [12]

这是继2024年底比亚迪起诉自媒体"龙猪-集车"获赔201.87万元后，又一起高额赔偿的维权案例，CCTV法治在线曾公开进行过报道。据悉，"龙哥讲电 车"是某短视频平台的一个账号，其运营主体为北京满格电汽修负责人"龙哥"。该账号主要分享新能源汽车维修案例，曾拥有百万粉丝。除了比亚迪，"龙 哥讲电车"在其视频中曾透露，自己还被另外两家新能源车企起诉，三家车企要求的赔偿金额合计达到700万元。 据比亚迪法务部官微发布，近期，就比亚迪起诉"龙哥讲电车"、"满格电新能源"等账号一案，法院进行一审判决，认定上述账号编造、传播有关比亚迪公 司的虚假信息，损害比亚迪品牌声誉，判令其停止侵权、消除影响，并向比亚迪公司赔偿200万元。比亚迪集团品牌及公关处总经理李云飞转发该微博并 表示："比亚迪到了现在的位置和体量，如果有媒体就客观事实进行报道批评，都没问题!有些媒体不了解情况，有些误解性的发布，我们也能接受!但对 于黑公关、黑媒体，为了黑而黑，长期针对比亚迪，诋毁比亚迪，我们绝不容忍!" 值得一提的是，针对网络"黑公关"、"黑嘴"，监管部门也重拳出击。此前中央网信办在汽车行业网络乱象专项整治行动中，已依法关停"王悟空说车"9 ...

12月24日晚，阿维塔在其官方微博发文表示，旗下车型阿维塔12"将在南极度过16个月的时间，经历极 地不同季节及环境变化的车辆测试及技术验证"，从而对早前相关话题引发的争议作出澄清。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 就在12月初，阿维塔曾官宣阿维塔12抵达南极中山站，称其为"全球首辆登陆南极的新能源轿车"， 将"直面-50℃极寒" 开展科考测试。 但有网友指出，南极地区存在显著的季节温差，每年12月至次年2月为南半球夏季。此时南极中山站的 实测气温约在- 1℃至5℃之间，部分时段最高温可达9.6℃，这一温度甚至高于同期我国北京、东北等北 方城市的气温，与阿维塔所说的"-50℃极寒" 表述不符。还有声音认为，国内漠河、海拉尔等地区目前 更适合做极寒测试，质疑其是在"蹭热度"。 阿维塔相关负责人员近日对媒体表示，"由于科考任务安排，抵达时间正值南极夏季，但车辆并不会短 期返回。"阿维塔12将跟随中国极地科考队在南极驻留至2027年4月，开启16个月以上的适应性测试，期 间将经历极地不同季节及环境变化。 阿维塔方面称，理解公众对信息透明度的关注，此前对外宣传中未完整说明测试 ...

研究员: 陈思嘉 期货从业资格号F03118799 期货投资咨询从业证书号Z0022803 | 项目类别 | 数据指标 最新 | | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 主力合约收盘价（日，元/吨） 120,360.00 | | +5980.00↑ 前20名净持仓（日，手） | -141,692.00 | +5257.00↑ | | | 主力合约持仓量（日，手） 671,573.00 | | -316.00↓ 近远月合约价差（日，元/吨） | -1,560.00 | +20.00↑ | | | 广期所仓单（日，手/吨） 16,651.00 | | +240.00↑ | | | | 现货市场 | 电池级碳酸锂平均价（日，元/吨） 99,500.00 | | +500.00↑ 工业级碳酸锂平均价（日，万元/吨） | 96,850.00 | +500.00↑ | | | Li₂CO₃主力合约基差（日，元/吨） -20,860.00 | | -5480.00↓ | | | | 上游情况 | 锂辉石精矿(6%CIF中国)平 ...

政策信息 3、吉林省能源局、吉林省财政厅关于停止全省充电基础设施建设及运营补贴政策的通 知 1、我国首批 L3 级自动驾驶车型产品获得准入许可 2、亿纬锂能：已实现大圆柱电池量产装车超六万台 3、宁德时代与传化集团签署战略合作协议 打造多场景解决方案 4、中央经济工作会议给汽车业划了 6 个重点 5、中燃智慧交通与特来电签署《全国战略合作意向书》 6、沈阳"十五五"规划建议：完善整车生产和零部件供应体系 7、亿纬锂能、福田汽车合资成立新能源科技公司 8、中共廊坊市委关于制定廊坊市国民经济和社会发展第十五个五年规划的建议 9、宁德时代旗下时代骐骥绿能科技深圳公司增资 10、报告:京津冀地区已成为中国新能源和智能网联汽车重要基地 11、华为乾崑智驾已落地 35 款车型：覆盖 16 万至 100 万全价位区间, 今年前三季度 NCA 市场占有率 27.8% 12、汽车功能安全领域国际最高标准：华为 DriveONE 融合驱动全球首获 DAkkS ASIL D 认证 13、鸿蒙智行开启 L3 级有条件自动驾驶内测 14、欧盟将放弃 2035年内燃机禁令 汽车制造商迎来喘息之机 15、我国新能源汽车 2026年销量有望 ...

Core Viewpoint - The "Wei Xiaoli" trio (NIO, Li Auto, and Xpeng) is approaching a growth bottleneck by the end of 2025, with each facing unique challenges in the rapidly changing electric vehicle market [3][6][34]. Sales Performance - In November 2025, the retail sales of new energy vehicles in China reached 1.354 million units, a year-on-year increase of 7% and a month-on-month increase of 6% [4]. - The delivery numbers for November 2025 were as follows: Li Auto delivered 33,181 units, Xpeng delivered 31,671 units, and NIO delivered 35,646 units [5][8]. - Xpeng's market share dropped from a peak of 2% to 1.4%, indicating a significant decline in sales performance despite the launch of new models [7][8]. - Li Auto's sales have stagnated around 30,000 units, moving away from previous highs of over 50,000 units per month [10][19]. - NIO's sales structure is under pressure, with five models selling less than 1,000 units in November, raising concerns about future performance [19]. Individual Company Challenges - Xpeng is heavily reliant on its M03 model, which accounted for over 40% of its total sales, indicating a structural issue in its product lineup [12]. - Li Auto is experiencing a "growth trap," with its market share consistently falling below 1.5% despite new product launches [10][21]. - NIO has a diverse product lineup but struggles with maintaining sales momentum, particularly as new models like the ES8 face declining sales after initial success [19][27]. Strategic Directions - The companies are exploring "second growth curves" to diversify their offerings. Li Auto has introduced pure electric models, while Xpeng has focused on lower-priced models to capture market share [22][23]. - NIO is also working on expanding its product range but needs to streamline its offerings to focus on key models for better sales efficiency [27][34]. - The competitive landscape is intensifying with traditional automakers accelerating their electric vehicle transitions and new entrants like Huawei and Xiaomi entering the market [34]. Future Outlook - The companies are expected to face significant challenges in 2026, including potential policy changes regarding subsidies and increased competition [34]. - Each company is focusing on product innovation and operational efficiency to navigate the evolving market dynamics and ensure profitability [30][31][34].

首次亏损，销量预警 在连续盈利11个季度后，理想汽车在今年第三季度迎来了首次亏损，净亏损6.24亿元。 或许，连理想汽车创始人李想也没有想到，MEGA的失利成为了理想汽车陷入低谷的开端。 今年，延迟发布的纯电车型i8和i6，并没有让理想汽车在纯电市场一鸣惊人。位于江苏常州的理想汽车工厂不再像前两年一样开足马力，工厂附近 不再堵车，员工们拥有了更多假期。理想汽车甚至一度遭遇舆情压力，品牌形象受影响，最终这些都表现在不够理想的销量和财务数据上。 理想汽车希望通过组织架构调整来应对外界激烈竞争。据Tech星球不完全统计，今年其已经调整了6次组织架构，其中有3次涉及到销售体系。这 种频繁的调整目前尚未转化成销量，不少员工担心今年年终奖可能要泡汤。 面对销量下跌，理想汽车创始人李想最近给出了答案。在刚刚举办的雁栖湖闭门会议上，理想汽车第一次在内部与外部同时承认"效率慢了"，产 品节奏、组织节奏都难以匹配当前的竞争强度。 理想进入了新一轮内部调整的周期，希望以更敏捷的速度应对竞争。但竞争对手们也不会坐以待毙，等待理想的将是一场远比增程车型更难打的 战争。 理想汽车将此次亏损归因于三方面因素：纯电转型期的投入、MEGA召回 ...

Group 1 - The core viewpoint of the articles highlights the significant advancements of Beijing-based automaker BAIC New Energy in the electric vehicle sector, particularly with the launch of the Arcfox Alpha S (L3 version), which has received conditional autonomous driving approval [1][2] - The Arcfox Alpha S (L3 version) is one of the first models in China to obtain L3-level (conditional autonomous driving) road trial qualifications, marking a critical milestone in the country's autonomous driving technology transition from validation to mass production [1] - The vehicle can operate on specific highways and urban expressways in Beijing at speeds of up to 80 km/h, showcasing the company's competitive edge in the smart driving arena [1] Group 2 - BAIC New Energy's sales performance has been impressive, with October and November sales exceeding 30,000 units, and November sales reaching 32,328 units, representing a year-on-year growth of 113% [2] - From January to November, the total sales reached 174,371 units, reflecting a year-on-year increase of 79%, positioning the company among the top tier of new energy vehicle manufacturers [2] - The sales surge is attributed to the collaborative efforts of the Arcfox and Xiangjie brands, with Arcfox achieving cumulative sales of 136,592 units (up 97.99% year-on-year) and Xiangjie, developed in partnership with Huawei, leading the luxury electric sedan market with 6,708 units sold in November [2]