Core Insights - The automotive industry is entering a deep transformation phase towards electrification and intelligence, with the penetration rate of new energy vehicles exceeding 50% by 2025, marking a shift from early cultivation to large-scale commercialization and value realization [2] - A significant IPO wave is expected in the automotive sector, with over 100 companies projected to go public in the A-share market in 2025, raising more than 110 billion yuan, with approximately 30% of these companies belonging to the automotive supply chain [2] IPO Highlights - Major IPO events in 2025 include the listings of CATL, Chery Automobile, and Seres, which are expected to enhance China's automotive industry's global competitiveness [3] - CATL's IPO on May 20, 2025, raised approximately 35.3 billion HKD, marking the largest IPO in Hong Kong in nearly four years, with 90% of the funds allocated for projects in Hungary to support local supply strategies [3] - Chery Automobile successfully listed on September 25, 2025, raising about 9.145 billion HKD, with 35% of the funds dedicated to passenger vehicle R&D and 25% for next-generation automotive technologies [4] - Seres achieved the largest IPO for a car company in 2025, raising 14.016 billion HKD on November 5, with 70% of the funds earmarked for R&D in new energy vehicle technologies [4][5] Market Trends - The IPOs of companies in the intelligent driving and laser radar sectors, such as Pony.ai and WeRide, reflect the acceleration of commercialization in these fields, with significant capital inflow supporting technological advancements [6] - The listing of leading laser radar companies, including Hesai Technology, indicates a growing focus on core components that facilitate the large-scale implementation of intelligent driving [7] - The overall trend in 2025 shows a surge in IPOs for automotive-related component companies, driven by the increasing demand for vehicle electronics as the industry shifts from product competition to ecosystem competition [8]

【吉利控股2025年总销量411.6万辆 同比增长26%】智通财经1月9日电，吉利控股集团宣布，2025年集 团全球总销量4,116,321辆，同比增长26%，年销首次突破400万大关。其中，新能源销量2,293,099辆， 同比增长58%，新能源渗透率56%，成为集团市场增长的主要驱动力。（智通财经记者 刘阳） 转自：智通财经 ...

他还对"深蓝没钱了，所以融资"这一说法进行了说明，称深蓝汽车现金流非常好。 他还对"深蓝没钱了，所以融资"这一说法进行了说明，称深蓝汽车现金流非常好。 他谈到这次融资，主要想加大两项工作的战略性投入：一是下一代全球领先的智能化和电动化技术；二 是全球化品牌提升，成长为全球用户都喜爱的品牌。 此外，他海谈到前不久获得了中国首款L3自动驾驶正式牌照，很多朋友关心什么时候能体验。"我们即 将在重庆开启大规模L3自动驾驶体验，欢迎大家关注我们的官方信息。"他说。 深蓝汽车董事长邓承浩1月8日晚间在微博发文表示，深蓝汽车与渝富集团完成了新一轮增资扩股的签 约。 他谈到这次融资，主要想加大两项工作的战略性投入：一是下一代全球领先的智能化和电动化技术；二 是全球化品牌提升，成长为全球用户都喜爱的品牌。 此外，他海谈到前不久获得了中国首款L3自动驾驶正式牌照，很多朋友关心什么时候能体验。"我们即 将在重庆开启大规模L3自动驾驶体验，欢迎大家关注我们的官方信息。"他说。 责任编辑：李思阳 深蓝汽车董事长邓承浩1月8日晚间在微博发文表示，深蓝汽车与渝富集团完成了新一轮增资扩股的签 约。 责任编辑：李思阳 ...

此次调整中，福特将终止旗舰纯电皮卡F-150 Lightning等大型电动项目，下一代F-150 Lightning将转为增程型。195亿美元损失中，125亿美元将在四季度计 入，含终止与韩国SK-On电池合资的30亿美元减值。资金将转向卡车、货车、经济型电动车及储能业务，其中一款中型皮卡将于2027年问世。 当地时间1月7日，福特汽车在2026年美国拉斯维加斯消费电子展（CES 2026）期间公布重大智能化战略，宣布将于2028年推出L3级有条件自动驾驶技术， 率先搭载于2027年发布的全新UEV纯电平台车型。与此同时，受美国政策调整及市场变化影响，福特明确将收缩大型电动汽车项目，转向混动、经济型电 动车及储能业务，相关战略调整预计将产生195亿美元损失。 尽管面临减值压力，福特仍上调全年财务预期，预计调整后息税前利润达70亿美元。公司目标2029年实现电动车业务盈利，2030年混动、增程及纯电车型 全球销量占比提升至50%。此外，福特还计划与雷诺合作生产小型电动车，应对欧洲市场中国竞争对手的挑战。 据福特首席电动汽车官Doug Field介绍，此次推出的L3级自动驾驶技术基于现有"BlueCruise"蓝 ...

昨日，2026款小鹏P7+发布。2026款小鹏P7+是全球最长纯电续航增程轿车和全球能耗最低的混动轿 车，CLTC综合续航1550km，纯电续航430km，拥有同级领先电耗百公里12.5kWh。价格方面，超级增 程1550 Max科技版售价18.68万元，1550 Max旗舰版售价19.88万元。 责任编辑：宋雅芳 新浪科技讯 1月9日上午消息，小鹏P7+第10万台整车下线。与此同时，2026款小鹏P7+（超级增程）向 首批车主交付。 新浪科技讯 1月9日上午消息，小鹏P7+第10万台整车下线。与此同时，2026款小鹏P7+（超级增程）向 首批车主交付。 昨日，2026款小鹏P7+发布。2026款小鹏P7+是全球最长纯电续航增程轿车和全球能耗最低的混动轿 车，CLTC综合续航1550km，纯电续航430km，拥有同级领先电耗百公里12.5kWh。价格方面，超级增 程1550 Max科技版售价18.68万元，1550 Max旗舰版售价19.88万元。 责任编辑：宋雅芳 ...

集团旗下其他品牌同样多点开花。沃尔沃2025年年销量710,042辆，新能源销量323,294辆，新能源渗透率46%，电动化转型步伐持续加速。宝腾汽车年销量 162,601辆，同比增长6.5%，马来西亚市场占有率预计提升至19.4%。极星汽车（PSNY）年销量超6万辆，同比增长超30%，期间发布全新高性能GT车型 Polestar5，全球市场网络加速扩张；莲花跑车ELETRE在中国市场实现30%的销量增长，标志着莲花开启以中国市场为核心的新发展阶段。远程新能源商用 车集团表现亮眼，年销量162,019辆，连续4年销量排名行业第一，累计销量突破50万辆，海外业务同比暴涨近500%。 数据显示，吉利控股集团2025年总销量达4,116,321辆，同比增长26%。值得关注的是，集团总销量已实现连续5年快速增长，此次首次突破400万年销量大 关，创下历史新高。在新能源领域，集团表现尤为突出，全年新能源销量2,293,099辆，同比增长58%，新能源渗透率达到56%，电动化转型成效显著。 作为集团核心板块，吉利汽车2025年销量成绩斐然，总销量3,024,567辆，同比增长39%；其中新能源销量1,687,767辆，同 ...

Core Insights - Goldman Sachs held a series of management outlook meetings for the Chinese automotive industry, observing a generally conservative outlook on overall industry volume, with expectations of double-digit sales growth for individual companies and increased overseas expansion [1][2] - The anticipated retail sales growth for new energy vehicles in China for 2026 is approximately 10%, with significant variations in subsidy impacts across different price segments [2] - The competitive landscape in the high-end market is intensifying, with a projected launch of 119 new models in 2026, indicating a crowded high-end segment and a shift in competitive focus [3] Group 1 - The management teams of the participating companies expressed a cautious outlook for the overall industry, predicting a year-on-year retail sales growth for domestic passenger vehicles in 2026 to range from a decline of 5% to an increase of 1% [1] - The total subsidy amount for consumer goods in 2026 is estimated to be around 250 billion RMB, slightly lower than previous years, despite the continuation of the "trade-in" subsidy policy [1] - Six OEMs expect their sales growth in 2026 to range from 11% to 68%, while overseas sales growth is anticipated to be between 19% and 108% [2] Group 2 - Companies are planning to accelerate their overseas expansion in 2026, with a focus on launching more overseas versions of new models and establishing local sales and service channels [3] - The new model pipeline for this year is described as ambitious, with a significant increase in high-end models expected, particularly in the 250,000 to 300,000 RMB price range [3] - Goldman Sachs predicts a contraction in the domestic profit pool for the Chinese automotive industry in 2026, while the overseas market is expected to see accelerated adoption of new energy vehicles [3]

日本2025年进口车销量（不含日本厂商）同比增长7%，达24万3129辆。其中EV的销量增长26%，达到 30513辆，创历史最高。比亚迪在日销量增长62%…… 日本汽车进口商协会（JAIA）1月8日公布的数据显示，2025年进口车销量（不含日本厂商车）同比增 长7%，达24万3129辆。这是两年来首次转为正增长。其中纯电动汽车（EV）的销量增长26%，达到 30513辆，创历史最高纪录。美国特斯拉等纯电动汽车厂商的销量增加推高了整体水平。 特斯拉"Model Y" 按乘用车价位来看，1000万日元（约合人民币44.6万元）以上增加3%，增至40602辆，400万日元（约 合17.8万元）以上、1000万日元以下增加9%，增至15万1273辆，400万日元以下增加7%，增至42789 辆。 日本2025年12月进口车销量同比增长0.3%，增至23551辆，纯电动汽车销量减少14%，降至2549辆。日 本政府2026年1月1日起将购买纯电动汽车时的补贴金额上限增加40万日元，最高达到130万日元（约合 5.8万元）。补贴金额的调整导致消费者暂缓购买，影响了销量。 日本的EV销量连续7年增长。2025年EV占整体 ...

Group 1 - Xiaomi Auto addresses malicious behavior labeling it as "accident-prone" and "green belt warrior," stating that this is a clear attempt to mislead and create confusion [1][4] - The company has partnered with its legal department to assist car owners in defending their rights and will take legal action against malicious online groups [1][4] - Xiaomi clarifies that its legal department does not have 7,000 employees, calling this a rumor, and emphasizes a preference for investing resources in R&D rather than legal matters [1][28] Group 2 - The design philosophy of Xiaomi Auto emphasizes a "long hood" for aesthetic appeal, which is a recognized standard in automotive design [2][39] - The "long hood" design contributes to better aerodynamics, helping to reduce wind resistance [3][40] - Xiaomi Auto has committed to abandoning "small print marketing," acknowledging past oversights in user experience and promising to improve clarity in communications [7][44] Group 3 - The "2200MPa Xiaomi super steel" is highlighted as a significant advancement in automotive safety, with a tensile strength 40% higher and yield strength 24% higher than the industry standard [8][46] - This material is used in critical components like the door beams of the Xiaomi YU7, enhancing crash safety [8][46] - The company is also researching a 2400MPa super steel, indicating ongoing innovation in material strength [8][47] Group 4 - The Xiaomi YU7 features a three-stage air purification system, with HEPA filters that outperform N95 masks in filtering efficiency [8][54] - The vehicle has received a "five-star healthy car" rating, reflecting its commitment to air quality and user safety [8][55] - The YU7's design includes over 120 soundproofing materials to minimize noise intrusion, enhancing the driving experience [8][49] Group 5 - The Xiaomi YU7 is designed with high safety standards, including a cage structure to protect occupants during collisions [8][56] - It employs advanced safety features such as energy-absorbing zones and high-strength materials to mitigate injury risks in various crash scenarios [8][57][58] - The vehicle includes a comprehensive safety system that addresses the protection of all passengers, including specific considerations for female occupants [8][59]

以雷诺为例，将在2026年初推出全新纯电Twingo。新车借鉴了20世纪90年代经典款Twingo的部分元 素，售价将低于2万欧元。据报道，为实现更低的定价，雷诺在零部件采购上依赖中国市场，按价值计 算，该车型约40%的零部件产自中国。 跨国车企的危机感并非空穴来风。2025年，尽管面临关税增加的不利影响，中国品牌在欧洲市场却依旧 来势汹汹。 随着中国品牌电动车在欧洲市场的"攻城略地"，跨国车企也在谋划一场反攻，且不约而同地将目光投向 了更"平价"的电动车，试图用同样的策略进行反击。 近日，起亚方面确认，其全新的入门级车型EV2将于2026年1月9日在布鲁塞尔车展上正式亮相。这款车 定位纯电小型SUV，是起亚迄今为止最小、最便宜的电动车。据悉，该车专供欧洲市场，预计售价在3 万欧元级别，亮相后将很快在斯洛伐克工厂投产，并在年内逐步提升产量。 同样，大众的经典小车Polo也将以纯电方式回归，新命名ID. Polo。这款纯电小车并非"油改电"产品， 而是基于大众全新MEB+平台打造。ID. Polo计划于2026年春季在欧洲上市，起售价2.5万欧元。 有分析人士表示，跨国车企将在未来几个月密集推出价格更低的纯电小 ...