一进入2026，中国就吹响了白银定价权的战争号角！ 我们要对白银出口进行稀土级别的管控了，作为全球最大的白银出口国，中国在2026开年就甩王炸。 要问2025年涨价最疯狂的大宗商品是什么，必须是涨了146%的白银，而这几天，中国就对白银执行了 新的出口管制，把它从普通的商品升级成了跟稀土一个级别的战略物资，进行一单一审。而且出口门槛 也超级加倍，企业想要拿下许可证，必须年产白银80吨以上（西部企业40吨以上），有连续三年的出口 战绩，买家背景和用途全都要查个底朝天，相当于守住了白银的出口通道。 去年一年的时间，白银价格飙升了146%，远超黄金的60%，成了大宗商品的主角。它的涨价逻辑就是 和中国这波管控的逻辑是一样的，想要发展科技和工业，哪个国家都离不开白银。 这在稀土上似曾相识，2010年，我国对稀土出口实施"许可"制度，并没有完全禁止出口，只是增加了审 批流程和配额，而配额总是低于需求。这个操作非常"精准"，随着价格飙升高达4500%，西方制造商发 现，自己造手机和导弹必须先得到中国的"许可"，于是整个供应链的高管们被迫硬着头皮学。 那么，这波管控对白银的影响有多大呢？ 要知道，中国是全球最大的白银出口国 ...

据IT之家今日早些时候报道，雷军表示，在今天整个成本大涨的时候，真的没有能力做到加量不加价，而 且我们加了好几万的配置，在这里的话也请朋友们能够谅解。这意味着新一代 SU7 涨价基本成定局，最终 售价预计跟预售价接近。 IT之家 1 月 7 日消息，小米创办人、董事长兼 CEO 雷军今日在直播中回应了小米 SU7 两年换代节奏。雷 军称，燃油时代八年才换代，现在国内新能源车企竞争激烈，很多都是一年一换。他认为 SU7 两年改款算 中等偏慢。 雷军表示，SU7 卖得这么好，改款一定要稳。希望真的把 SU7 的改款真正做好。 另外，雷军还谈到了新一代 SU7 外观的变化，他回应称其实外观略有改变，新车内部改变非常大，从底盘 到电驱到电子架构，以及内饰重新设计了，其实还是算一个大改款的，而在外观上前格栅中间也有新变 化，全系标配的 4D 毫米波的雷达位于黑区前格栅里。 - The Press on the States station e a press 9 16 x21 the state 12 t P the state 1 ...

星海情报局 . 以下文章来源于星海情报局 ，作者星海老局 关注国产替代和中国品牌出海，每年写100个中国品牌案例，见证中国产业崛起！ 本文来自微信公众号： 星海情报局 ，作者：星海老局 这种危机感具体来说就是： 以英伟达为代表，美国资本正在大力推动AI往现实世界的生产中渗透，这种渗透不再是单点式的孤 立行动，如今已然变成了成体系的战略布局——美国正试图用AI来复兴其制造业。 而一旦这样的尝试成功，结果对我们来说将会是非常严峻的：美国将会重新获得制造业优势，我们的 工程师、高级技工优势则会被稀释——美国制造业会复兴，而我们则将面临订单减少和岗位收缩。 黄仁勋到底要干啥？ 黄仁勋昨天在CES的演讲，浓缩成一句话就是：如何降低物理AI的开发成本。而物理AI，是AI工厂 的前置条件。 先来说说所谓的"物理AI（Physical AI）"。 关于"物理AI"，英伟达的官网上是这样介绍的： 昨天在美国拉斯维加斯举办的CES展览上，英伟达的黄仁勋发表了长达90分钟演讲。 ...... 抛开这些花花绿绿的溢美之词，老局看完之后，第一反应其实是一种危机感。 Physical AI lets autonomous systems ...

Core Insights - The new energy vehicle (NEV) industry in 2025 has seen a clear division between leading brands and those lagging behind, with companies like Leap Motor, Hongmeng Zhixing, and Xiaopeng firmly establishing themselves in the top tier, while traditional automaker-backed brands struggle to gain traction [1][6][11] Group 1: Market Performance - In 2025, the top three new car brands were Leap Motor (596,555 units, +103%), Hongmeng Zhixing (589,107 units, +32%), and Xiaopeng (429,445 units, +126%) [6][7] - The second tier includes Xiaomi Auto (over 411,625 units), Li Auto (406,343 units), and Deep Blue (333,117 units), while brands like Lantu, Avita, and Zhiji lagged with sales of 150,169, 128,772, and 81,017 units respectively [6][7][8] - The overall NEV market is expected to enter a phase of slower growth and intensified competition in 2026, with significant price cuts from major players like BMW and Tesla reigniting a price war [2][5] Group 2: Brand Dynamics - The "second-generation" brands, despite their backing from established automakers, have not been able to match the performance of pure new car brands, with significant sales gaps [6][11] - However, brands like Deep Blue and Lantu have shown impressive growth rates, with Lantu achieving a 87% increase in sales [8][21] - Traditional automakers are heavily investing in these "second-generation" brands, providing them with essential resources and support to compete in the high-end NEV market [11][13][15] Group 3: Future Outlook - Predictions for 2026 indicate a potential market growth of only about 2%, significantly lower than the previous year's growth [16] - Lantu is expected to expand its product lineup significantly and is on track for an IPO, which could enhance its market position [21][23] - Deep Blue is also positioned for growth, having achieved a high completion rate of its annual sales target [21][23] - Brands like Avita and Zeekr may stabilize but face challenges in maintaining competitive pricing and market share [26][29]

Core Insights - The new energy vehicle (NEV) industry in 2025 has shown a clear division between leading brands and those lagging behind, with a notable performance from new entrants like Leap Motor, Hongmeng Zhixing, and Xiaopeng, which have solidified their positions in the first tier of the market [2][5][6] - Traditional automakers' second-generation brands, such as Deep Blue, Zhiji, and Avita, despite having strong backing, have struggled to compete and remain in the second tier [2][5] Market Performance - In 2025, the top three new car brands were Leap Motor (596,555 units, +103%), Hongmeng Zhixing (589,107 units, +32%), and Xiaopeng (429,445 units, +126%) [5][7] - Other notable brands included Xiaomi Auto (over 411,625 units), Li Auto (406,343 units), and Deep Blue (333,117 units) [5][7] - The bottom performers were Avita (128,772 units), Zhiji (81,000 units), and Deep Blue (150,169 units), with Zhiji being the only brand with sales below 100,000 units [6][7][8] Competitive Landscape - The NEV market is transitioning from growth to intensified competition, with a resurgence of price wars as seen with BMW's significant price cuts across multiple models [3][4][14] - The first-tier brands are primarily pure new car manufacturers, while many second-tier brands are traditional automakers' second-generation brands, which have shown promising growth rates despite lower overall sales [8][11] Future Outlook - The NEV market is expected to see slower growth in 2026, with predictions of only about 2% increase in sales, leading to a more competitive environment [14][15] - Brands like Lantu and Deep Blue are anticipated to perform well in 2026, with Lantu expected to expand its product lineup significantly and Deep Blue achieving high delivery rates [19][21] - Conversely, brands like Avita and Zeekr may face challenges in maintaining momentum due to market saturation and pricing pressures [22][25] Consumer Sentiment - Consumers show a preference for traditional automakers' NEV brands, citing concerns over the stability and reliability of newer entrants [26][27] - The backing of established manufacturers provides a sense of security for consumers, influencing their purchasing decisions [26][27]

河南2025年新增专精特新"小巨人"企业54家 来源：中国新闻网 编辑：万可义 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 中新网郑州1月7日电 (王宇)1月6日至7日，河南省工业和信息化工作会议在郑州召开。会议通报称， 2025年，该省新增专精特新"小巨人"企业54家，22家企业入围中国制造业企业500强。 2025年1至11月，该省规上工业增加值、工业投资分别同比增长8.4%、15.7%，双双位居中国10个工业 大省首位；10个重点行业对全省规上工业增长的贡献率达54.6%，新一代信息技术、新能源汽车、高端 装备、新材料行业增加值分别增长18.6%、17.3%、10%、9.4%，全省规上高技术制造业、工业战略性 新兴产业增加值同比分别增长15.7%和12.5%。 通报称，2025年，该省新培育国家级装备首台套产品7个，新认定省级"五首"产品152件，新认定卓越级 智能工厂16家、省级智能工厂和车间323个，新培育数 ...

小米SU7将迎来首次改款。 1月7日，小米汽车正式宣布，旗下首款量产车型SU7迎来首次改款，新一代SU7即日起开启小订，预计将于同年4月正式上市。 小米汽车方面表示，作为小米汽车的销量支柱车型，此次改款将在在安全、性能、设计等维度实现升级。 2024年，小米SU7正式发布并于同年4月开始交付，上市后，市场反应火爆，凭借酷似保时捷帕拉梅拉的外观，小米SU7圈粉无数。小米科技董事长雷军 表示，该车上市1年9个月中，交付量超36万辆，月均交付超1.7万辆。 此次换代升级，主要集中于四个点，包括安全配置、底盘技术、续航能力以及设计。 具体看，安全配置方面，进一步强化整车安全防护体系，具体涵盖电池热失控防控优化与车身结构强度提升，同时全系标配激光雷达；底盘技术迎来革 新，搭载更先进的智能底盘系统，通过软硬件协同优化提升驾驶质感与操控稳定性；续航能力实现重大突破，最高续航里程突破900公里，有效缓解用户 续航焦虑；设计层面新增"卡布里蓝"车漆颜色，搭配全新轮毂样式与焕新内饰设计。 多方面的升级让整车售价有所提高，公司表示，新车推出标准版、Pro版、Max版三个配置，预售价分别为22.99万元、25.99万元、30.99万 ...

新年伊始，2026年广东全省投资工作已紧锣密鼓地展开。 1月4日，全省投资工作调度视频会议召开。在对2026年的投资工作进行研究部署的同时，这次会议也清 晰地折射出了广东下一阶段的行动逻辑：将以强有力的投资引导作为稳定经济增长、优化经济结构、塑 造未来竞争力的核心抓手。 "超常思维、超常力度、超常举措" 上述会议中，"超常思维、超常力度、超常举措"的提法引人注意，这不仅是对广东未来的要求，更是对 过去数年广东投资策略演进的一次集中诠释。 没有稳定的资金支持，战略性新兴产业的发展便无从谈起，现代化产业体系的构建也将阻力重重。 2025年12月，广东迎来一只"产业大基金"——广东省战略性新兴产业投资引导基金有限责任公司在广州 成立，并由广东省财政厅100%控股，注册资本500亿元人民币。值得注意的是，该基金是近年来广东少 有的超大体量省级引导基金之一。 同月，广东省产业发展投资基金正式出资，组建百亿规模的人工智能与机器人产业子基金集群，完成首 阶段30亿元子基金注册成立。 而在此前，广东亦发布《加快扩大工业有效投资实施方案（2025—2027年）》，明确建立新赛道培育发 展工作机制，重点支持人工智能、机器人等新赛 ...

Investment Rating - The report maintains an "Overweight" rating for the automotive industry, indicating a positive outlook compared to the overall market performance [10]. Core Insights - The 2026 new energy vehicle (NEV) purchase tax subsidy policy has shifted from a flat-rate model to a tiered proportional subsidy, resulting in a slight decrease in per-vehicle subsidy amounts. Companies with a higher proportion of low-end models, such as Geely and BYD, will experience a more significant subsidy reduction, while high-end brands will be less affected [2][3]. - The adjustment in subsidy policy is expected to reshape the sales structure of NEVs in 2026, with a decline in demand for low-end models and a relative advantage for mid-to-high-end models [2]. Summary by Relevant Sections Subsidy Policy Analysis - The new subsidy policy will lead to a 19% reduction for Geely and a 14% reduction for BYD, while companies like Xiaopeng, Great Wall, and Leap Motor will see a smaller impact of around 10% due to their higher proportion of mid-to-high-end models [2]. - The demand for A0 and A00 level low-end models, which previously relied heavily on subsidies, is expected to decrease significantly [2]. Sales Analysis of Key Companies - Xiaopeng Motors delivered nearly 430,000 vehicles in 2025, a 126% year-on-year increase. However, the average selling price (ASP) dropped from approximately 190,000 yuan in 2024 to 160,000 yuan in the first half of 2025 due to changes in product mix [3]. - Leap Motor achieved a delivery volume of 597,000 vehicles in 2025, doubling from 290,000 in 2024. The company plans to launch two high-end models in 2026 and aims for a sales target of 1 million vehicles [4]. - Great Wall Motors sold 1.32 million vehicles in 2025, with a 7% year-on-year growth. The company has set a sales target of 1.8 million vehicles for 2026, reflecting a 40% increase [5]. Investment Recommendations - The report suggests focusing on new energy vehicle companies with advantages in AI and robotics, such as Xiaopeng, NIO, and Li Auto, as well as component manufacturers like Yinchuan, Fuda, and Shuanghuan, which are expected to benefit from the new subsidy policies [6].

1月7日，比亚迪宣布为秦PLUS DM-i、秦L DM-i、海豹05 DM-i及海豹06 DM-i这4款车型加推长续航 版，其CLTC纯电续航均超210km，相比同级混动车型的纯电续航翻一倍。这4款车型搭载大容量插混专 用刀片电池，将于1月初正式上市。 ...