Core Viewpoint - The article discusses the impact of the new electric vehicle (EV) purchase tax policy and subsidy changes in 2026, highlighting how these changes are prompting car manufacturers to increase promotions to attract buyers during the New Year period [3]. Group 1: Policy Changes - Starting in 2026, the EV purchase tax incentive has been reduced from full exemption to a 50% reduction (5% tax rate) [3][5]. - The "Two New" policy has shifted from fixed subsidies to a percentage-based subsidy based on vehicle price, although the maximum subsidy remains unchanged [3][5]. - The new purchase tax policy is expected to increase the cost of purchasing EVs, with the tax for a vehicle priced at 31.98 million yuan being approximately 14,200 yuan [11]. Group 2: Market Response - Car manufacturers are ramping up promotions to attract hesitant buyers, with many offering cash discounts and trade-in subsidies [5][6]. - For example, Xiaopeng Motors is offering a cash discount of 3,000 yuan and a trade-in subsidy of 3,000 yuan, totaling around 6,000 yuan in discounts [5]. - Li Auto has different discount policies for various models, with the L6 model seeing a price drop of 38,000 yuan [6]. Group 3: Consumer Behavior - There has been an increase in consumer inquiries and test drives during the New Year period, indicating heightened interest due to the policy changes [4][5]. - Many consumers are still in a wait-and-see mode, comparing different brands' promotions before making a purchase decision [6][8]. - Despite the increased costs from the new tax, many consumers are still purchasing vehicles, as seen in the sales performance of brands like NIO and Hongmeng Zhixing [8][11]. Group 4: Sales Performance - NIO's sales during the New Year period were robust, with reports of high foot traffic and test drive requests [7][8]. - In Guangzhou, a store sold over 10 units of the new Aion model in a single day, demonstrating strong demand despite the new tax [11]. - Overall, the article indicates that while the new tax has raised costs, many brands are successfully maintaining sales momentum through strategic promotions and consumer engagement [9][11].

Core Insights - The article discusses the dramatic shift in the business strategy of Terry Gou, founder of Foxconn, as he returns to the Chinese market with 46 lithography machines, indicating a strategic correction after previously underestimating the mainland market [1][3] - It highlights the contrast between Gou's past decisions, such as investing in a liquid crystal panel factory in Wisconsin, which turned out to be a loss-making venture, and the need to reconnect with the core Chinese market [3][4] - The article emphasizes the importance of understanding market trends and core technological innovation for sustained growth, as demonstrated by BYD's rise in the automotive and electronics sectors, surpassing Foxconn [6] Company Strategy - Terry Gou's return to China is not merely about relocating equipment but signifies a renewed understanding of the importance of the Chinese manufacturing ecosystem and consumer market potential [3] - Gou's previous investments in the U.S. were criticized for being detached from the realities of the industry, leading to significant losses and a weakened connection to the Chinese supply chain [3][4] - The article points out that the gross margin for 5nm chips produced in Taiwan is 62%, while it drops to 8% in the U.S., illustrating the financial impracticality of U.S. production for semiconductor companies [4] Industry Trends - The narrative contrasts the fortunes of Foxconn with BYD, which has successfully built a complete industry chain through independent research and development, highlighting the critical role of core technological capabilities in market resilience [6] - The article suggests that companies must maintain humility and a deep understanding of market dynamics to thrive, as the Chinese market is no longer a "cash cow" but requires respect and commitment [6] - It concludes that the lessons from Gou's business journey reflect broader truths about corporate survival and growth in a changing economic landscape [6]

本文源自：金融界AI电报 港股收盘，恒指收涨0.03%，科指收涨0.09%。快手(01024.HK)涨超11%，蔚来汽车(09866.HK)跌约 6%，小鹏汽车(09868.HK)跌超4%。 ...

江苏睿恩新能源科技有限公司创始人、董事长陈璇说："常州整个锂电相关的产业链非常完整，政府看得 懂你在做的事情，对于如何支持你有比较深刻的理解，能招到很多上下游的、有相关经验的人才。从各 方面来讲，我认为它都是我们最好的选择。" "赞刚"的常州，"土特产"是硬核智造的新能源汽车，"新网名"是柔软可亲的"常宝"。她是活力之城，GDP 破万亿、高新产业占比近60%；也是幸福之城，城乡收入比缩至1.76:1。创新智造与人文宜居，一体两 面，共同铸就了这颗"江南明珠"的现代魅力。 常州海图信息科技股份有限公司董事长兼总经理肖涛说："在前面的五年成功研发出了一套AI智能管理平 台，已经成功应用于1500座煤矿。未来的五年，我们计划从地上转移到空中。" 从苏南"小透明"到响当当的"万亿之城"，从软萌的"恐龙妹"到硬邦邦的"新能源之都"，愈发为人们所熟知 的常州，正以新赛道、新动能定义未来。今天的《江海壮阔奋楫先》，我们一起去探寻常州固本开新的 生长密码。 荔枝新闻中心记者郭奉铭说："在我手上的是全球首款无极耳21700 5.0安时电池，它是江苏睿恩新能源所 生产的。和普通的电池相比，它有更强的耐低温性以及超强的快充能力。从 ...

2026.01.05 2026年，新能源汽车行业迎来两大政策变动，一是新能源汽车车辆购置税优惠力度"退坡"，从全额免征调整为减半征收（按5%税率）；二是汽车"两 新"政策补贴方式出现变化，将定额补贴调整为按车价比例补贴，虽然补贴上限保持不变，但低价车型补贴力度实际上也在"退坡"。 消息面上，1月4日晚间，一份名为《2026元旦车市客流下滑交流》的文件在机构间发酵。记者了解到，该文件信息来源于一家经销商集团的内部交流纪 要。纪要显示，2026年元旦假期乘用车整体客流量较2025年同期有所下滑。而假期客流量下滑的原因之一是，2026年新能源汽车购置税政策的调整增加了 购车成本，消费者购车存在观望情绪；另外，虽然多家车企通过多种方式为消费者提供一定的购车补贴，但这类包装后的"兜底"政策对消费者吸引力不 高。若1月购车成本比去年12月、11月更为划算，消费者需求仍有望释放，后续仍需观察第二周市场情况。 元旦假期期间，多家汽车经销商销售人员向第一财经记者表示，造车新势力因平均售价较高，所以报废补贴和置换更新补贴的变化对其影响不大；但新能 源汽车购置税"退坡"确实增加了消费者的购车成本。 记者了解到，虽然很多车企出台了" ...

智通财经APP讯，金固股份(002488.SZ)公告，公司近日收到越南头部新能源造车新势力VinFast的定点 通知书，公司将作为客户的一级零部件供应商为其开发和供应乘用车车轮产品，公司将按照客户的要求 完成产品开发和交付工作。 ...

智通财经APP讯，千里科技(601777.SH)发布公告，公司2025年12月新能源汽车产量5384辆，同比增长 154.08%;新能源汽车销量3835辆，同比下降19.23%。 ...

Core Viewpoint - Zhenqu Technology (Shanghai) Co., Ltd. is set to go public on the Hong Kong Stock Exchange, focusing on electric control solutions for the electric vehicle sector, with significant growth in overseas business and innovative product offerings [3][7]. Financial Performance - In 2023 and 2024, Zhenqu Technology's revenue reached 160 million yuan and 1.159 billion yuan, respectively, marking a year-on-year growth of 625.1%. For the first three quarters of 2025, revenue increased by 85.1% to 1.217 billion yuan, surpassing the total revenue for 2024, with overseas business revenue growing by 329.5% [7][8]. Market Position - As of September 30, 2025, Zhenqu Technology secured 50 contracts with 13 OEMs, including 4 foreign manufacturers. Its solutions are applied in 82 vehicle models, with 54 models in mass production. The company ranks 11th and 8th in China's motor controller installation volume for 2024 and the first three quarters of 2025, respectively [5][6]. Industry Growth - The global electric control market for electric vehicles has grown from 21.6 billion yuan in 2020 to an estimated 116.6 billion yuan by 2024, with a projected compound annual growth rate (CAGR) of approximately 12.1% reaching 231.2 billion yuan by 2030 [5][6]. Strategic Expansion - Zhenqu Technology aims to expand its customer base globally, leveraging China's position as the largest automobile exporter. The company is also extending its core motor control technology into high-growth adjacent applications, enhancing its long-term growth potential [6][8]. IPO and Funding - Following the last round of financing before the IPO, Zhenqu Technology's valuation stands at 4.28 billion yuan. The funds raised from the IPO will be used to accelerate product innovation, enhance R&D capabilities, improve domestic delivery, and support international expansion [8].

很多人一提到理财、投资，第一反应不是"理解"，而是"焦虑"。 怕钱贬值，怕错过机会，怕自己不懂被割，最后的结果往往是： 要么什么都不敢做，钱躺在卡里慢慢缩水；要么一冲动就乱买，追热点、听小道消息、跟风操作，几年下来，赚的时候没赶上，亏的时候一个不落。 很多时候，人之所以失败，是因为无知和贪婪。 无知，使人更加盲从，人更加倾向于相信外部的专家或谣言。 而贪婪，使人没有常性，更加频繁地改变立场，以短期的盲动来等待撞大运的机会。 比如说，很多人炒股经常会听信某些专家的言论，看到一个股票上涨了，马上追进去，看到跌了，马上就割，就是所谓的追涨杀跌。 但忘记了一点，往往当我们得到消息的时候，已经是股票的高位，别人已经获利出走，而我们成了接盘的一个。 又或者一个股票，跌的太狠的时候，是因为主力想要获得便宜的筹码进行拉伸，造成的恐慌让我们马上抛售手中的筹码。 其实，不止是股票如此，投资如此，工作如此，生活也是如此。 巴菲特说过一句很有名的话："当别人恐惧的时候我贪婪，当别人贪婪的时候我恐惧。" 一直以来，我都感觉这句话说的太对了，几乎完全违背人的本能，他把普通人为什么总是在投资中吃亏解释的太精确了。 这本书被誉为理解巴菲特投 ...

Core Viewpoint - The article discusses the adjustments to the new energy vehicle (NEV) purchase tax exemption policy, effective from 2026, as announced by the Ministry of Finance, State Taxation Administration, and the Ministry of Industry and Information Technology [1]. Summary by Sections Tax Exemption Policy - NEVs purchased between January 1, 2024, and December 31, 2025, will be exempt from vehicle purchase tax, with a maximum exemption of 30,000 yuan per vehicle [3]. - From January 1, 2026, to December 31, 2027, NEVs will be subject to a 50% reduction in vehicle purchase tax, with a maximum reduction of 15,000 yuan per vehicle [3]. Examples of Tax Calculation - For a NEV priced at 200,000 yuan (excluding VAT), the vehicle purchase tax at a rate of 10% would be 20,000 yuan. Under the exemption policy, the buyer would not need to pay any tax as it is within the exemption limit [3]. - For a NEV priced at 400,000 yuan, the tax would be 40,000 yuan, but the buyer can only claim a maximum exemption of 30,000 yuan, resulting in a tax payment of 10,000 yuan [3]. 2026 Tax Reduction Example - If a NEV is purchased for 150,000 yuan in 2026, the tax would be 15,000 yuan, and under the 50% reduction policy, the buyer would pay 7,500 yuan [4]. - For a NEV priced at 400,000 yuan, the tax would be 40,000 yuan, and the buyer would only receive a maximum reduction of 15,000 yuan, resulting in a tax payment of 25,000 yuan [4]. Special Considerations for Battery Swap Models - NEVs sold under the "battery swap model" must meet specific technical standards, and the vehicle purchase tax will be calculated based on the price excluding the battery [6]. - For a NEV priced at 140,000 yuan (excluding battery) and a battery priced at 60,000 yuan, the tax on the vehicle would be 14,000 yuan, with a 50% reduction leading to a tax payment of 7,000 yuan [7].