每经记者｜段思瑶 每经编辑｜余婷婷 图片来源：新浪微博（@一汽丰田官方微博） 为何出现上调指导价的同时又推出限时特惠价？据另一家北京一汽丰田经销商向记者透露："这样会让购车者感觉bZ5的优惠幅度更大。如果是在原来12.98 万元的指导价上下调售价，只降了9000元；但上调指导价1万元之后，优惠额度可达1.9万元。" 上述北京某一汽丰田经销商认为："看起来降价力度大，才有机会吸引到更多的潜在购车者。" 近期，多家汽车互联网平台显示，一汽丰田bZ5在售车型的指导价相较上市时上调了1万元。然而在一汽丰田官微、官网等官方渠道，《每日经济新闻》记 者并未发现关于该车型上调指导价的相关信息。北京某一汽丰田经销商向记者表示："厂家只给经销商渠道下发了bZ5车型上调指导价1万元的通知，并未公 开发布。" 记者走访时获悉，目前bZ5的终端销售价格实际上与之前相差并不大。上述另一家北京一汽丰田经销商表示："不考虑置换的情况下，如果在2025年购买 bZ5，裸车价为12.48万元；现在虽然（特惠）起售价降低到了12.08万元，但购置税不减免了，厂家的销售政策有4000元购置税补贴，但须与'0首付起，2至5 年低息金融方案'二选一。 ...

来源丨深蓝财经 撰文丨王鑫 2026年1月13日，上海虹口区法院将迎来一场备受瞩目的庭审。投资者李智华一纸诉状，将国投瑞银基 金及其明星基金经理施成推上被告席。 案由是"金融委托理财合同纠纷"。公募基金被起诉不算新鲜，但基金经理个人被列为共同被告，在业内 十分罕见。 上一次引发如此高度关注的，还是诺安基金蔡嵩松案。如今，施成成为"被告名录"中又一位百亿级人 物。 1 涉嫌"挂羊头卖狗肉" 尽管案件细节尚未公开，但结合行业惯例，争议焦点很可能集中在两方面。 其一，适当性义务是否充分履行。施成的产品长期集中押注单一赛道，波动极大。这些产品是否被销售 给了风险承受能力不足的普通投资者？基金公司是否充分揭示了潜在风险？这一切都有待司法审视。 其二，更具争议的是投资风格与合同约定的严重偏离。以施成管理的国投瑞银新能源基金为例，合同明 确约定投资于新能源主题的比例不低于80%。但Wind数据显示，截至2025年三季度末，其新能源个股 持仓占比仅剩5.95%，重仓方向已转向AI、机器人等非约定领域。 "风格漂移"在行业虽不陌生，但如此大幅度的偏离，仍令人瞠目。颇具讽刺意味的是，正是凭借重仓AI 等板块，这只基金在2025年 ...

来源：投资家 投资家 . 投资家是投资家网旗下专注创投、商业、科技领域的内容平台。多次获得百度、头条、新浪、网易、搜 狐、东财、同花顺、澎湃等颁发的荣誉奖项。投资家网是国内知名资本与产业创新综合服务平台。 2026年，全球无人机风云再起。 作者：云帆 以下文章来源于投资家 ，作者云帆 投资家网获悉，近日全球低空领域、无人机行业传来大消息，全球领先的无人机数字化解决方 案供应商、专注于消费级和行业级无人机研发的道通智能已向深圳证监局办理辅导备案登记， 准备 A 股上市。若顺利，道通智能将成为 2026 年率先在资本市场 IPO 的无人机巨头。 2014 年成立的道通智能，声名远播，在全球无人机行业的地位仅次于"无冕之王"大疆创新， 是后者在全球市场的主要对手之一。"双方多去几年常有对抗、摩擦"。数据统计，全球低空领 域最热门方向小型民用无人机市场中，大疆创新市占率全球第一，道通智能市占率曾全球第 二。所以，媒体经常把道通智能看作是，"大疆创新无人机业务的最大对手"。 能追逐大疆创新，道通智能绝不一般，身后站着科技界"传奇"创业者李红京。准确说来，这是 道通智能创始人李红京的"再次创业"。他在 2004 年杀入汽 ...

责任编辑：何俊熹 新浪科技讯 1月8日下午消息，在今日的一场沟通会上，谈及今年的渠道规划，小鹏汽车董事长、CEO 何小鹏向《次世代车研所》等表示，过去小鹏的渠道主要集中在一线至三线城市，今年会往更低线城市 下沉，此外在区域方面会往北部扩张。 新浪科技讯 1月8日下午消息，在今日的一场沟通会上，谈及今年的渠道规划，小鹏汽车董事长、CEO 何小鹏向《次世代车研所》等表示，过去小鹏的渠道主要集中在一线至三线城市，今年会往更低线城市 下沉，此外在区域方面会往北部扩张。 责任编辑：何俊熹 ...

Core Viewpoint - The article discusses the evolution of China's new car-making forces over the past decade, highlighting the contrasting fates of companies like Leap Motor and Neta Auto, and the emergence of new players like Xiaomi and Huawei's Hongmeng Zhixing [2][4]. Group 1: Market Dynamics - By 2025, Leap Motor is projected to achieve nearly 600,000 annual sales, becoming the sales champion among new car-making forces, while Neta Auto faces auctioning due to its decline [2]. - The number of new car-making enterprises has drastically reduced from over 60 in 2015 to only a few that still report sales [2]. - The new rankings for 2025 among new car-making enterprises include Leap Motor, Hongmeng Zhixing, Xiaopeng, Li Auto, Xiaomi, and NIO [2]. Group 2: Rise of New Players - Leap Motor's sales reached 597,000 units in 2025, a 103% increase year-on-year, marking its first time at the top of the sales chart [4]. - Hongmeng Zhixing, although not a traditional new car-making force, has seen rapid growth with its AITO brand, achieving 445,000 units in 2024 and 589,000 units in 2025, a 32% increase [5]. - Xiaomi, entering the market later, achieved 120,000 units in its first year of delivery and 412,000 units in 2025, surpassing NIO, which has been in the market for ten years [5]. Group 3: Challenges for Established Players - NIO, once a leader, saw its sales drop to 326,000 units in 2025, despite launching new brands and models to regain market share [8]. - Xiaopeng Motors sold 429,000 units in 2025, a 126% increase, but faced challenges with product positioning and market competition [9]. - Li Auto's sales fell to 405,900 units in 2025, a 19.6% decline, as it struggled to meet its annual target of 640,000 units [10]. Group 4: Industry Consolidation - Many once-prominent new car-making enterprises have disappeared, categorized into three groups: those that failed before mass production, those that made strategic errors, and those that faced funding issues [12][13][14]. - The industry has undergone a brutal elimination process, with only a few companies remaining competitive as they face increasing pressure from new entrants and established brands [14]. - The next decade is expected to be even more complex, testing the operational efficiency and competitive capabilities of the remaining players [15].

Group 1 - The core viewpoint expressed by the CEO of Xiaopeng Motors is that the current challenges in the electric vehicle (EV) sales are temporary and the industry will recover in due time, indicating a positive outlook for the future [1] - The CEO emphasized that the worst times can also present the best opportunities, suggesting a resilient approach to the current market conditions [1] - Xiaopeng Motors is focusing on the production of its VLA, VLM, and humanoid robots, indicating a strategic shift towards innovation and new product lines to capitalize on future opportunities [1]

在开拓市场中把握新机遇，在创新转型中锻造竞争力，广大民营企业在市场风浪中勇敢搏击，沿着高质 量发展的道路笃定前行。 新华财经北京1月8日电（记者魏玉坤、戴锦镕）走进位于安徽省合肥市肥西县官亭镇的老乡鸡食品加工 及仓储物流基地项目现场，建筑工人正在有序进行生产车间升级改造，确保车间尽快全面投产。 "过去一年，公司探索'直营+加盟'双轮驱动发展模式，不断开辟新的市场，对物流配送要求越来越高。 项目全面投产后将形成高效的冷链配送网络，直接服务5000家老乡鸡餐厅。"安徽老乡鸡餐饮有限公司 有关负责人说，今年将持续加密华东市场门店网络，挖掘华南市场发展空间，并探索在海外布局门店。 眼下，在河南省卫辉市循环经济产业园，由河南银金达集团投资建设的年产5万吨功能性聚酯薄膜二期 项目现场，工人正在有序推进新建厂房设备安装调试。 "项目致力于打造集废弃塑料回收、再生、绿色生产与高值化应用于一体的完整闭环产业链，预计今年 底投产。"项目经理张建伟说，抢抓循环经济发展机遇，公司推动生产线智能化改造和能源结构优化， 单位产值能耗显著下降，再生聚酯、生物基聚酯等新产品和绿色产品占比提升至近一半。 瞄准优势精准发力，民营企业敢于突破舒适 ...

Core Insights - NIO has reached a significant milestone by rolling off its one millionth vehicle, marking a pivotal moment in its development journey [1] - The company aims to deliver 326,000 vehicles across its three brands in 2025, reflecting a year-on-year growth of 47% [1] - NIO's founder, Li Bin, indicates that the company is transitioning into its third development phase, characterized by improved sales performance and strategic goals [1][3] Group 1: Development Phases - The first phase of NIO's development lasted from its founding in 2014 until 2021, marked by a consistent annual sales growth of 100% [1] - The second phase, from 2022 to mid-2025, saw annual sales growth of 30%-40%, which was below industry expectations [1] - The third phase is expected to begin in the second half of 2025, with a rebound in sales and a focus on strategic growth [1][3] Group 2: Key Characteristics of the Third Phase - The third phase will feature collaboration among NIO, Ladao, and Firefly brands, targeting a wide user base with price ranges from 100,000 to 800,000 yuan [2] - NIO's investments in technology and R&D, totaling 65 billion yuan, are beginning to yield results, enhancing product competitiveness and improving gross margins [2] - The company's "chargeable, swappable, and upgradable" technology strategy is gaining market acceptance, as evidenced by record sales of the new ES8 and Ladao L90 [2] Group 3: Financial Outlook and Goals - NIO aims to achieve profitability in the fourth quarter of 2025, with confidence in improved gross margins from increased vehicle deliveries [3] - The company acknowledges that reaching one million vehicles is a small achievement relative to the overall market, maintaining a startup mentality [3] - Future efforts will focus on technology investment, infrastructure expansion, brand collaboration, and market penetration, with a goal of maintaining 40%-50% annual growth [3] Group 4: 2026 Plans - In 2026, NIO plans to transition all models to a third-generation platform and introduce new mid-to-large vehicles [4] - The company aims to add 1,000 new battery swap stations and enhance its sales and service network [4] - NIO's operational goal for 2026 is to achieve profitability while prioritizing growth quality and long-term development [4]

广州市人民政府办公厅发布《广州市加快建设 先进制造业强市规划（2024—2035年）》。其中提到， 聚焦 新能源汽车研发、制造和服务全价值链环节，加快形成 动力电池、驱动 电机、 电控及燃料电池 电堆系统等关键总成的产业链条，在"三电"及 传感器、专用芯片等领域形成领先优势。支持建设新能 源汽车与智慧能源、智能交通融合创新平台，加快建设国家智能网联汽车创新中心。探索基于车、路、 网、云、图等高效协同的自动驾驶技术多场景应用，加快智能网联新能源汽车技术突破和产业化发展。 加快建设智能网联 汽车产业园，持续推进智能电动汽车研发和产业化，加强智能网联汽车测试示范。 ...

Core Viewpoint - XPeng Motors held its 2026 global product launch event on January 8, introducing four new models, including the 2026 XPeng P7+, G7 Super Extended Range, and upgraded versions of the 2026 G6 and G9 [1] Group 1: New Product Launch - The 2026 XPeng P7+ will be launched in Brussels, Belgium on January 9, and the XPeng manufacturing base will be open to the public [1] - All four new vehicles will feature XPeng's second-generation VLA (Vision-Language-Action) large model, which is the industry's first physical world model achieving L4-level initial capabilities [1] Group 2: Future Plans - In 2026, XPeng plans to implement physical AI and scale production, including the operation of Robotaxi (autonomous taxis), humanoid robots, and flying cars [1] Group 3: 2025 Performance Review - In 2025, XPeng achieved cumulative global deliveries of 429,000 units, a year-on-year increase of 126%, with overseas markets contributing 45,000 units, up 96%, ranking first among new force brands in 10 overseas countries from January to November [1] - XPeng is positioned in the top tier of global new energy brand sales, with nine global R&D centers and three localized production projects overseas [1] - The global charging network of XPeng covers 31 countries and regions, with over 2.66 million charging piles connected [1]