当零跑汽车董事长朱江明在公司十周年发布会上抛出"2026年冲击年销100万辆"的目标时，已经多少习惯了造车新势力们不断挑战销量高峰的外界第一反 应并非惊讶，而是出于对这家企业目标以及升级路径的了解，发出了一个关键追问：零跑，真的准备好变贵了吗？ 对已经站上造车新势力销量榜首的零跑汽车而言，销量数字本身或许已不再是最难的挑战。真正的考验，在于如何打破长期形成的"高性价比"品牌惯性， 说服市场接受一个价格更高、定位更上的零跑。这不仅是一场产品升级，更是一场品牌与体系能力的全面跃迁。 从"黑马"到样本：百万目标的现实底气 回顾过去一年，零跑的增长几乎是造车新势力阵营中最具冲击力的存在。2025年，零跑全年销量预计接近60万辆，这一成绩不仅使其稳居新势力阵营销量 的榜首位置，也让零跑首次进入中国主流车企集团销量前列，完成了从"追赶者"向"领跑者"的角色转变。 支撑起这一角色转变的，是零跑长期坚持的"全域自研"路线。通过对核心零部件的高比例自研，零跑在成本控制、供应稳定性以及规模化制造方面构建起 显著优势。这种能力使其在新能源价格战持续升级的背景下，率先实现阶段性盈利，成为少数具备自我造血能力的新势力车企之一。 正是在 ...

| 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | 主力合约收盘价（日，元/吨） | 129,980.00 | +8400.00↑ 前20名净持仓（日，手） | -126,463.00 | +11322.00↑ | | 期货市场 | 主力合约持仓量（日，手） | 515,292.00 | +25098.00↑ 近远月合约价差（日，元/吨） | -2,400.00 | -1180.00↓ | | | 广期所仓单（日，手/吨） | 20,281.00 | 0.00 | | | | 现货市场 | 电池级碳酸锂平均价（日，元/吨） | 119,500.00 | +1000.00↑ 工业级碳酸锂平均价（日，万元/吨） | 117,000.00 | +1500.00↑ | | | Li₂CO₃主力合约基差（日，元/吨） | -10,480.00 | -7400.00↓ | | | | 上游情况 | 锂辉石精矿(6%CIF中国)平均价（日，美元/吨） | 1,470.00 | +10.00↑ 磷锂铝石平均价（日 ...

经济观察网 乘联分会1月5日发文，根据月度初步乘联数据综合预估：2025年12月1—31日，全国乘用车 厂商新能源批发157万辆，同比增长4%，环比负增长8%。2025年新能源乘用车累计批发1533万辆，同 比增长25%。 ...

| 名称 | 现价 | 涨跌幅 -- | | --- | --- | --- | | 快手-W | 73.600 | 11.09% | | 1024.HK | | | | 毕 哩 哔 里-W | 209.800 | 5.06% | | 9626.HK | | | | 华虹半导体 | 84.000 | 3.32% | | 1347.HK | | | | 京东健康 | 58.200 | 3.28% | | 6618.HK | | | | 阿里巴巴-W | 152.800 | 2.55% | | 9988.HK | | | | 阿里健康 | 5.320 | 2.11% | | 0241.HK | | | | 中芯国际 | 76.500 | 1.86% | | 0981.HK | | | | 金山软件 | 29.700 | 1.78% | | 3888 HK | | | 港股汽车股跌幅居前，蔚来跌近6%，小鹏汽车跌超4%、零跑汽车跌超3%，长城汽车跌超 6%。 | 名称 | 现价 | 涨跌幅 -- | | --- | --- | --- | | 蔚来-SW | 38.860 | -5.95% | | 9866.HK ...

中新网1月5日电(吴家驹)国家企业信用信息公示系统显示，近日，重庆车之芯动力科技有限公司新增一 则注销备案公告，注销原因为：因合并或分立，清算组成立日期为2025年11月5日，清算组备案日期为 2026年1月4日。 图自国家 企业信用信息公示系统 重庆车之芯动力科技有限公司成立于2018年12月，法定代表人为马东辉，注册资本8000万人民币，经营 范围包括：从事动力科技、新能源领域内的技术开发、技术咨询、技术转让、技术服务；新能源汽车、 摩托车、电池、充电桩、电子产品(不含电子出版物)、电源及其零部件的研发、生产、销售及维护；货 物及技术进出口。 重庆车之芯动力科技有限公司由江苏心电互动汽车销售服务有限公司全资持股，后者由理想汽车关联公 司Leading Ideal HK Limited全资持股。(完) ...

新能源汽车概念股普跌，蔚来汽车跌近6%，小鹏汽车跌超4%，理想汽车跌超2%。 编辑 ｜心一 1月5日，恒指报收26347.24点，涨0.03%；恒生科技指数报收5741.63点，涨0.09%。 | | | 内房股拉升，融信中国涨超6%，世茂集团涨超5%。 ...

点 击 蓝 字 关 注 我 们 本文全文共 753 字，阅读全文约需 2 分钟 注:乘联快报数据为初稿，与厂商终稿数据可能有差异，请不要与历史终稿数据直接对比，以防误导。 12月乘用车主力厂商新能源批发销量快报 | 上汽乘用车 | 38.349 | | | --- | --- | --- | | 小鹏汽车 | 37,508 | | | 极振汽车 | 24.834 | | | 汽空腹 | 20,493 | | | 汽红旗 | 17,814 | | | 广汽丰田 | 13,999 | | | 智己汽车 | 11,818 | | | 东风日产 | 11,360 | | | 北京汽车 | 7,115 | | | 上汽通用 | 7,062 | | | 赛力斯汽车(湖北) | 6,723 | | | 江淮汽车 | 6,179 | | | 长安马自达 | 5,278 | | | 智马达汽车 | 5,276 | | | -汽丰田 | 5,254 | | | 广汽传祺 | 5,055 | | | 北京汽车制造厂 | 3,838 | | | 容監汽车 | 3,805 | | | 上汽大众 | 3,640 | | | 江铃新能源 ...

Group 1 - The Hang Seng Index closed at 26,347.24 points, up 0.03%, while the Hang Seng Tech Index rose 0.09% to 5,741.63 points. The National Enterprises Index fell 0.22% to 9,148.47 points, and the Red Chip Index increased by 0.07% to 4,086.74 points [1] - Brain-computer interface concept stocks led the market, with Nanjing Panda Electronics rising nearly 40% and Brain动极光 up over 15%. Meanwhile, domestic property stocks also saw gains, with融信中国 up over 6% and世茂集团 up over 5% [1] - New energy vehicle stocks continued to decline, with Great Wall Motors down over 6%, NIO down nearly 6%, and XPeng Motors down over 4% [1] Group 2 - GF Securities indicated that the recent rise in Hong Kong stocks is supported by fundamentals, with signs of structural recovery in profitability starting from the second half of 2024, driven by stable internal and external demand and macro policy support [1] - The report highlighted that most core companies in strategic technology sectors between China and the U.S. are listed in Hong Kong, with growth in high-end manufacturing and technology transitioning from "single-point breakthroughs" to "multi-point explosions" [1] - The weighting of new economy-related stocks in the Hang Seng Index has increased from 17% to nearly 50%, indicating a shift from traditional economic cycles to hard technology sectors such as AI applications, new energy, and semiconductors [1] Group 3 - Huajin Securities noted a correlation coefficient of approximately 0.5 between the performance of the Hang Seng Index during the New Year holiday and the performance of the Shanghai Composite Index in the following 10 trading days, suggesting that a strong performance in Hong Kong could positively influence A-shares [2] - The Hang Seng Index, Hang Seng Tech Index, and Hang Seng China Enterprises Index rose by 2.8%, 4%, and 2.9% respectively on January 2, indicating a potentially strong short-term outlook for A-shares following the holiday [2]

Core Insights - The report highlights the expected improvement in the securities industry in 2026, driven by supportive policies and accelerated consolidation, which is anticipated to enhance industry prosperity [6][11] - The report emphasizes the importance of self-operated investment stability and sustainable growth for securities firms, indicating that these factors will be crucial for overall performance [9][10] Economic News - The State Council has issued a solid waste comprehensive management action plan aiming for a comprehensive utilization of 4.5 billion tons of major solid waste by 2030 [2] - The China Securities Regulatory Commission (CSRC) has revised regulations on public offering securities investment fund sales fees, effective from January 1, 2026, to reduce investor costs [2] - The CSRC has announced the pilot program for commercial real estate investment trusts (REITs), marking a significant step in market practice [2] - The Ministry of Culture and Tourism reported that during the 2026 New Year holiday, domestic travel reached 142 million trips, with total spending of 84.789 billion yuan [2] Company Insights - The report covers the performance of major companies in the securities sector, noting that the top ten real estate companies achieved sales exceeding 100 billion yuan in 2025, indicating resilience among leading firms [2] - The report mentions that the company has a strong financial performance, with revenue increasing from less than 300 million yuan in 2019 to over 1.5 billion yuan in 2024, while maintaining a low debt-to-asset ratio [16][18] - The company is expected to benefit from a recovery in domestic demand and is positioned to capture opportunities in the international market due to the aging fleet of chemical tankers globally [15][18] Investment Strategy - The report suggests that the securities industry may see more policy support in 2026, which could significantly influence industry performance and valuation recovery [10][11] - It is recommended to focus on head institutions within the industry that are innovating and adapting to market changes, with a particular emphasis on value stocks that remain undervalued [11]

2025年，反"内卷"成为年度最强音。 据业内人士表示，"内卷"的土壤之一，是地方保护与市场分割。一些地方为追求本地GDP，通过违规的 税收、土地等优惠政策，盲目招商引资，导致产能重复布局和低效竞争。中央财经委员会会议已明确要 求纵深推进全国统一大市场建设，依法依规治理低价无序竞争。下一步，必须严格执行《全国统一大市 场建设指引》，集中力量攻坚整治各类显性与隐性的地方保护主义，确保要素在全国范围内自由流动， 让企业在同一套公平的规则下比拼。 "光伏产业'反内卷'治理初见成效，但不止要在硅料环节，还要硅片、电池、组件环节，甚至辅料环节 都能达成，才算行业治理达成目标。"光伏组件龙头天合光能董事长高纪凡如此说道。 针对多重挑战，在上述行业大会上，企业领袖已经形成共识：在监管上，要在于设立清晰、不可逾越的 竞争红线，恢复市场最基本的公平属性；在产业政策上，发挥强有力的导向作用，推动产业结构向高端 化、差异化演进；在技术上，要依靠自主创新和原创技术，提高产品技术标准和质量标准，加速现有产 能改造升级。 事实上，光伏产业反内卷必须超越对个别企业价格行为的简单纠偏，转而构建一个系统性、多层次的政 策框架，以法治化、市场化 ...