来源:中国网 中国网12月29日讯（记者李智）随着新年的临近，中国经济再次成为全球聚焦的议题。在"十四五"规划 收官，以及"十五五"规划即将开局的关键节点，国际媒体纷纷将目光投向中国。与此同时，国内相关政 策的密集落地，也为市场释放出清晰的发展信号。 国际社会对中国产业转型的节奏与方向尤为关注。德国《焦点》杂志刊发评论称，当欧洲仍在为燃油车 是否全面退出进行激烈争论时，中国已在推进新的五年规划布局，而且中国电动车产业已完成从"培 育"到"成熟"的跨越，资金正加速涌入人工智能、人形机器人、量子计算机等下一代新技术领域。 文章提到，中国政府已将电动汽车列为成熟产业，而市场数据充分证明了产业的内生增长动力：2025 年，中国电动汽车和混合动力汽车销量约达1600万辆，电动汽车市场份额稳定在50%以上，相当于每两 辆新车中就至少有一辆是电动汽车。更具标志性的是，在即将开启的"十五五"规划中，"电动汽车"已退 出战略产业目录。这一政策调整释放的信号显示，中国正将发展重心全面转向下一代高新技术产业，通 过产业迭代升级筑牢经济增长的新引擎。 在关注中国产业转型的同时，德国媒体也对本国对华政策进行了反思。德国《星期五》日报刊 ...

Core Viewpoint - The strategic cooperation between Yian Technology and Tailg Group aims to leverage magnesium alloy technology to meet the new national standards for electric bicycles, promoting a shift towards lightweight and high-performance electric mobility solutions [1][2]. Group 1: Strategic Cooperation - Yian Technology signed a strategic cooperation agreement with Tailg Group, a leading global electric two-wheeler company, in Dongguan [1]. - The agreement involves Yian Technology becoming the strategic supplier of magnesium alloys for Tailg Group, focusing on the application of these materials in key components such as vehicle frames and decorative parts [1]. Group 2: Industry Context - The electric vehicle industry is undergoing a significant transformation, particularly with the implementation of the new national standard for electric bicycles, which mandates that the total weight of plastic components must not exceed 5.5% of the vehicle's total weight starting December 1, 2025 [1]. - This regulation is driving the industry towards lightweight solutions, specifically the adoption of magnesium alloys as a substitute for plastics [2]. Group 3: Technological Advantages - Yian Technology possesses notable technical advantages in magnesium alloy research and precision die-casting, which will be crucial in the collaboration with Tailg Group [1]. - The partnership aims to combine Tailg Group's market leadership with Yian Technology's expertise in magnesium alloy design, process innovation, and structural optimization [1].

智通财经APP获悉，高盛发布研报称，小米集团-W(01810)今年加快AI发展，相信未来会将自研芯片 组、澎湃OS及MiMo大语言模型整合到一个可能于2026年发布的AI原生消费终端当中，继续看好集团在 其"人车家全生态"战略下，仍处于多年生态扩张的早期阶段，又指稳健的资产负债表、强大的生态整合 能力，以及因深入参与供应链而具备的成本优势，将提升其在电动车领域的竞争力，予以"买入"评级， 目标价53.5港元。 高盛日前参与了小米2025冬季新品发布会，集团最新发布了17 Ultra智能手机系列，产品线更丰富，反 映其持续推进高端化策略，预期进入明年，高端化仍是小米的首要任务，相信小米将进一步于中国渗透 价位在6,000元人民币以上的市场，并将加速发展海外高端产品市场。 ...

高盛日前参与了小米2025冬季新品发布会，集团最新发布了17Ultra智能手机系列，产品线更丰富，反 映其持续推进高端化策略，预期进入明年，高端化仍是小米的首要任务，相信小米将进一步于中国渗透 价位在6,000元人民币以上的市场，并将加速发展海外高端产品市场。 高盛发布研报称，小米集团-W(01810)今年加快AI发展，相信未来会将自研芯片组、澎湃OS及MiMo大 语言模型整合到一个可能于2026年发布的AI原生消费终端当中，继续看好集团在其"人车家全生态"战略 下，仍处于多年生态扩张的早期阶段，又指稳健的资产负债表、强大的生态整合能力，以及因深入参与 供应链而具备的成本优势，将提升其在电动车领域的竞争力，予以"买入"评级，目标价53.5港元。 ...

Core Viewpoint - Vietnamese electric taxi operator GSM plans to conduct an IPO in Hong Kong, aiming to raise at least $200 million with a valuation between $2 billion and $3 billion, potentially becoming the first Vietnamese company to list in Hong Kong [1] Group 1: IPO Plans - GSM is targeting an IPO between the end of 2026 and early 2027 [1] - The company has begun preliminary discussions with potential advisors for the IPO, with the earliest appointment of advisors expected in the first quarter of 2026 [1] Group 2: Company Background - GSM was founded in 2023 by Vingroup and VinFast's Pham Nhat Vuong, operating the largest all-electric taxi fleet in Vietnam under the brand Xanh SM, exclusively using VinFast vehicles [1] - This strategy boosts VinFast's domestic sales while allowing GSM to scale without relying on third-party suppliers [1] Group 3: Financial Projections - By the third quarter of 2025, sales from VinFast to GSM are projected to account for 26% of VinFast's total sales, a decrease from 72% in 2023 [1]

Core Viewpoint - Goldman Sachs reports that Xiaomi's latest release of the 17 Ultra smartphone series reflects its ongoing strategy to move upscale, with a focus on penetrating the market for products priced above 6000 yuan in China and accelerating the development of high-end products overseas [1] Group 1: Product Strategy - Xiaomi's product line has become richer with the introduction of the 17 Ultra smartphone series, indicating a commitment to high-end market penetration [1] - The company is expected to prioritize high-end product development as a key task entering next year [1] Group 2: AI Development - Xiaomi is accelerating its AI development this year, with plans to integrate self-developed chipsets, the Surge OS, and the MiMo large language model into a potential AI-native consumer terminal expected to launch in 2026 [1] Group 3: Competitive Positioning - The company is in the early stages of a multi-year ecological expansion under its human-vehicle-home ecosystem strategy, supported by a robust balance sheet and strong ecosystem integration capabilities [1] - Xiaomi's deep involvement in the supply chain provides it with cost advantages that are expected to enhance its competitiveness in the electric vehicle sector [1] Group 4: Investment Rating - Goldman Sachs has assigned a "Buy" rating to Xiaomi, with a target price of 53.5 Hong Kong dollars [1]

运营商财经网讯 当然，系列成绩的取得离不开李彦这位幕后领导者的努力。李彦坚持以创新驱动，树立高端出行新标 杆，带领小牛从竞争激烈的电动车行业内脱颖而出。 运营商财经网手机家电事业部主任郭彭琪认为，小牛电动车在线上市场的表现也格外亮眼，其线上销售 量曾一度位居业内前三。 近日，由知名财经媒体运营商财经网推出的 "2025年度电动车十大杰出总裁"已正式确定，小牛CEO李 彦榜上有名。 运营商财经（官方微信公众号yyscjrd）—— 主流财经网站，一家全面覆盖科技、金融、证券、汽车、 房产、食品、医药、日化、酒业及其他各种消费品网站。 2025年，小牛表现非常亮眼，其在第三季度的营收同比增幅高达65.4%。同期，小牛在中国市场的销量 也格外优秀。小牛电动CEO李彦曾表示，"我们在中国的销售量增长主要得益于公司推出的极具竞争力 的产品矩阵，以及持续扩大的渠道网络。" ...

Group 1 - Current demand for silver from investors and industries is extremely high, with both physical and financial assets being accumulated for wealth storage and hedging against risks associated with the US dollar and other currencies [1] - The solar industry consumes nearly 30% of the annual silver production from mining and recycling, while the supply side shows little potential for significant new production due to the depletion of "pure silver" deposits [2] - The price of precious metals, including silver, is at risk of a correction, as indicated by the announcement from Guotai Junan UBS Silver Futures Securities Investment Fund regarding the suspension of subscriptions for certain fund shares starting December 29, 2025 [3] Group 2 - On December 29, spot silver prices surged nearly 6%, approaching the $84 mark, setting a new historical high before slightly retreating to $83.2 per ounce [4] - To mitigate market risks, the Shanghai Futures Exchange issued notifications on December 26, advising the market to implement risk control measures and outlining trading margin ratios and price fluctuation limits for related products during the New Year period [5]

Group 1 - The current demand for silver from investors and the industrial sector is extremely high, with both physical and financial assets being accumulated for wealth storage and as a hedge against risks associated with the US dollar and other currencies [3][4] - In the real economy, the demand for silver is robust, particularly from jewelry manufacturers, medical device producers, electric vehicle manufacturers, data center construction companies, and notably, solar panel manufacturers [3][4] - Citigroup analysts estimate that the solar industry consumes nearly 30% of the annual silver production from mining and recycling [3][4] Group 2 - There is little possibility of significant new silver supply entering the market, as global "pure silver" deposits are nearly exhausted, with most silver now being produced as a byproduct of mining other metals like copper, gold, and zinc [3][4] - John Ciampaglia, CEO of Sprott Asset Management, indicates that changes in silver supply are often driven by the demand for other metals rather than silver itself [3][4] - There are warnings that precious metal prices are at a "cliff edge," with accumulating risks of a price correction [3][4]

Group 1 - The current demand for silver from both investors and the industrial sector is extremely high, with silver being accumulated in both physical and financial asset forms for wealth storage and as a hedge against risks associated with the US dollar and other currencies [3] - The jewelry industry, medical device manufacturers, electric vehicle producers, data center construction companies, and especially solar panel manufacturers are major consumers of silver [3] - Citigroup analysts estimate that the solar industry consumes nearly 30% of the annual silver production from mining and recycling [4] Group 2 - There is little possibility of significant new silver production entering the market, as global "pure silver" deposits are nearly exhausted, with most silver now being produced as a byproduct of mining other metals like copper, gold, and zinc [4] - Changes in silver supply are often driven by the demand for other metals rather than silver itself, according to John Ciampaglia, CEO of Sprott Asset Management [4] - Some analysts warn that precious metal prices are at a "cliff edge," indicating that the risk of a price correction is accumulating [5]