2月9日，易豹集团发布亿级集卡大单，计划采购招标500辆电集卡，全网寻实力供应商。本次500辆新能源集卡采购，划分四个标段进 行，标段一为400度电池车型180台；标段二为513度电池车型40台；标段三为600度电池车型180台；标段四为9.6米厢式货车100 台。报名时间截止2026年3月1日。 更多详情，请看下文： 完整的质量保证体系， 同时具备车辆售 后服务能力,并能保证按招标方要求按 时 按 质 按 量 完 成 车 辆 交 付 。 注:详细招标条件以附件为准。 in的报言信元 报昌及陈颖烟潮州 报名方式 报名资料请于报名截止时间前发送到 邮箱: zhangmf@smartebao.com 注： 邮 件 命名 【LMKJ20260203 + 瑠 马 科 技 2026年 新 能 源 集 卡 车 集 采 项 目 + 标 段 X + 报 名 单 位 全 称 + 联 系 人 + 联 系 电 话 + 联 系 邮 箱 】 联系方式 招标人: 溜马网络科技有限公司 招 标 人 地 址： 浙 江 省 宁 波 市 鄞 州 区 福 明 街 道 鼎 泰 路 3 9 号 B 幢 19 层 联系人: 张牧夫 1985825983 ...

点 击 蓝 字 关 注 我 们 ● 2026年中央一号文件:明确提出支持新能源汽车、智能家电、绿色建材下乡 CPCA R 科理咨询 《中共中央 国务院关于锚定农业农村现代化 扎实推进乡村全面振兴的意见》正式对外发布，文件明确提出"支持 2月3日。 这是党的十八大以来第14个指导"三农"工作的纲领性文件首次将新能源汽车与智能家电、绿色建材 新能源汽车下乡" 并列作为乡村消费升级的核心抓手。 k 更新 支持县乡村流通基础设施建设更新,促 支持新能源汽车、智能家电、绿色建材下乡, 进农村及偏远地区商贸流通降本增效。 键全农村废旧家电家具等再生资源回收体系。 提 共享 支持农村寄递物流设施共建共享，推动农村客 推进农村老旧公路改造、过窄公路拓宽和 KE 货邮融合发展,推行共同配送,深化快递进村。 次差路段提升,加强安全防护设施建设。 键全农村客运稳定运行保障机制。 √ 统筹做好农村灾害风险隐患排查治理,防范化 √ 推动县域基础设施一体化规划建设管 解道路交通、有限空间、燃气、消防、房屋等 护,健全农村基础设施管护长效机制。 重点领域安全风险,加强溺水等涉险安全防护 0应急救援能力建设。 规划 治理 供应链 海外市场 ...

以往自主整车企业之间的合作鲜有成功的先例，此次广汽与吉 利抱团新能源商用车，能否打破这一魔咒？ 作者： 濮振宇 封图：图虫创意 1月28日，广汽领程新能源商用车有限公司（下称"广汽领程"）与吉利旗下浙江远程新能源商用车 集团有限公司（下称"吉利远程"）在广州签署战略合作协议，双方计划围绕客车、VAN类产品推 广以及甲醇电动动力应用、能源加注等生态建设方面开展深度合作。 对于这一合作，吉利远程方面对经济观察报表示，吉利远程与广汽领程的合作还处于初步阶段，暂 时无法透露更多其他具体信息。 从行业来看，广汽领程与吉利远程的合作，是又一起自主整车企业合作的案例。对于已在新能源商 用车领域实现销量领先的吉利远程来说，这是打破区域市场壁垒、寻求新增量的重要一步。对于刚 完成品牌焕新的广汽领程而言，此举是战略性补短，也是其"轻资产"策略的又一个支点。 不过，以往自主整车企业之间的合作鲜有成功的先例，此次广汽与吉利抱团新能源商用车，能否打 破这一魔咒？ 领程转型 广汽领程的前身是广汽日野，作为一家中日合资商用车企业，广汽日野在燃油车时代曾凭借日野技 术占据高端市场，但在新能源转型中因决策迟缓而错失先机。2024年的股权重组， ...

1月28日，浙江远程新能源商用车集团有限公司与广汽领程新能源商用车有限公司在广州正式签署战略合作协议。双方将围绕客车、 VAN类产品推广以及甲醇电动动力应用、能源加注等生态建设方面开展深度合作，共同推动我国商用车产业向绿色、智能方向加速转 型。 广州公交集团党委书记、董事长覃海宁，远程新能源商用车集团CEO范现军，副总裁丁鼎，广汽集团执委、广汽领程总经理张志勇，广 汽领程首席营销官杨林等共同出席签约仪式。 根据协议，双方将整合各自渠道、品牌、服务等资源，共同聚焦广州及周边城市联合开展市场推广等工作。通过优势互补、资源共享， 加快新能源商用车的技术迭代与市场普及，共同应对行业变革，提升在中国商用车市场的整体竞争力。 远程新能源商用车坚持以研发为先导，以创新商业模式为基础，打造新能源商用车第一品牌，过去五年内实现年度复合增长率超 120%，稳扎稳打稳健发展引领绿色商用。截至2025年，已连续4年斩获新能源商用车行业年度冠军，持续领跑行业。 广汽领程作为广州汽车集团股份有限公司下属商用车版块的核心企业，拥有近二十年的深厚造车底蕴，在整车设计、技术集成与智能制 造方面具备显著优势。 作为本次战略合作签约仪式的重要见证 ...

1月23日，中欧协会智能网联汽车分会正式发布2025年度中国商用车品牌影响力指数报告。报告依据中国汽车工业协会数据，以及商用车市场特有的政 策导向与工具属性，采用差异化的科学评估模型，对重卡、皮卡、轻卡、轻客四大核心细分领域进行了全景式量化分析。 东风汽车与中国重汽则分别以709.85分和699.35分的成绩位列第二、三名，三者共同构成了重卡市场难以撼动的第一梯队：东风凭借领先行业的网络声 量规模与全年零投诉的卓越纪录，展现了其深入市场的广泛影响力与过硬的质量管控体系；中国重汽则依托超过30万辆的年度销量，牢固占据细分市场销量 榜首，其中海外出口业务贡献突出，连续多年的出口领先彰显了其强大的全球化竞争实力。 这些头部企业无一例外地通过发布新一代高效智慧动力链、攻坚氢燃料发动机等零碳动力核心技术，持续推动产品向着更节油、更可靠、更智能的方向 进化，精准响应了现代物流行业对于降本增效的核心诉求。 细分市场龙头依托专业口碑与场景深耕巩固护城河 在皮卡、轻卡、轻客等其他商用车细分领域，领军品牌则凭借数十年如一日积累的专业口碑、对细分市场需求的深度洞察以及对应用场景的极致深耕， 构建了其他品牌短期内难以逾越的竞争护城河 ...

Financial Disclosure Calendar - Iveco Group has announced its financial disclosure calendar for 2026, which includes key earnings release dates [2] - The earnings releases are scheduled for 12 February (Q4 2025 and preliminary annual results), 7 May (Q1 2026), 30 July (Q2 2026), and 5 November (Q3 2026) [2] Annual General Meeting - The Annual General Meeting to discuss and approve the Full Year Financial Statements is expected to take place in early June 2026 [4] - No ordinary annual cash dividend distribution is foreseen for FY2025 [4] Defence Business Separation - The corporate carve-out of the Defence Business (IDV and ASTRA brands) was completed in 2025, with regulatory approval processes ongoing [5] - An Extraordinary General Meeting to authorize the distribution of net proceeds from the sale of the Defence Business to Leonardo S.p.A. is expected in the second half of March 2026 [5] - The estimated extraordinary dividend remains between €5.5 and €6.0 per share, with payment anticipated in April 2026 [5] Spin-off Plans - If the sale to Leonardo S.p.A. is not completed by 31 March 2026, the company plans to complete a spin-off of the Defence Business through a statutory demerger [6] - The demerger proposal will be voted on at the Defence EGM as a precautionary measure [6] Tender Offer - A voluntary tender offer for issued common shares post-defence separation is expected to complete in the first half of 2026 [7] - The tender offer is conditional upon the separation of the Defence Business, with EGMs for Defence and the Tata Motors tender offer expected in March and early May 2026, respectively [7] Financial Performance - Preliminary and unaudited figures for Q4 and FY 2025 will be presented on 12 February 2026 [10] - The company anticipates that all financial targets will be met or slightly below guidance, except for Industrial Free Cash Flow, which is estimated at about €60 million, significantly below the previous guidance of €250 million - €350 million [11]

Core Viewpoint - The commercial vehicle industry in China experienced a rapid recovery in 2025, with overall sales reaching approximately 4.3 million units, marking an 11% year-on-year increase, nearing the peak levels of 2018 and 2019 [1] Group 1: Sales Performance - The total sales volume of commercial vehicles in 2025 was 4.296 million units, which is comparable to the sales during the "Four Trillion Project" in 2010 and slightly lower than the peak years of 2018 and 2019 [1] - The heavy and medium-duty truck segment saw significant growth, with sales reaching 1.27 million units, a net increase of over 240,000 units, while light trucks also grew from 1.9 million to over 2.02 million units, a net increase of over 120,000 units [2] Group 2: Policy Impact - The "policy market" effect was significant, with the old vehicle replacement policy for National III and IV trucks driving growth in the medium and heavy-duty truck market. The subsidies for scrapping and updating vehicles remained unchanged, with a maximum subsidy of 140,000 yuan for new energy trucks and 110,000 yuan for fuel and gas trucks [5] - The reduction of the purchase tax for new energy vehicles starting January 1, 2026, combined with the old-for-new policy expiring on December 31, 2025, significantly boosted the sales of new energy heavy trucks, exceeding 230,000 units with a domestic penetration rate close to 29% [5] Group 3: Export Performance - 2025 marked a milestone for commercial vehicle exports, with total exports exceeding 1 million units for the first time, reaching nearly 1.06 million units. Light truck exports surpassed 500,000 units, while heavy truck exports also set a record at 340,000 units [7] Group 4: Market Trends - The sales of gas trucks increased due to lower gas prices and subdued freight rates, with the N1, N2, and N3 class gas trucks all showing growth. The blue plate light truck segment is entering a replacement cycle, with electric, gas, and diesel models all experiencing growth [9][10] - Despite the overall sales growth, the industry faces severe competition and a downgrade in consumer spending, leading to a deterioration in product structure. The market saw a general price decline of 5%-15% for trucks compared to the previous year, with some models experiencing even larger price drops [12]

Core Viewpoint - Tata Motors Commercial Vehicles has shown strong short-term performance despite a recent decline following a block deal by BNP Paribas, indicating potential investor interest and market resilience [1][6]. Group 1: Stock Performance - Following a block deal where BNP Paribas acquired over 35.43 lakh shares at Rs 429.30 each, the stock declined over 2% to settle at Rs 432.35 on the NSE [1]. - Despite this dip, the stock has gained nearly 10% over the past month and has rallied about 29% from its market debut price of Rs 335 [1][2]. - The current market capitalization of Tata Motors Commercial Vehicles is approximately Rs 1.59 lakh crore [1]. Group 2: Technical Indicators - The stock's 14-day Relative Strength Index (RSI) is at 61.5, indicating healthy momentum without signs of extreme overbought conditions [5]. - An RSI reading below 30 indicates oversold conditions, while above 70 suggests overbought territory, positioning the stock with room for further movement [5]. Group 3: Institutional Interest - Institutional interest has resurfaced, and with supportive technical indicators, Tata Motors Commercial Vehicles is expected to remain on investors' radar in the near term [6].

Group 1 - Mitsubishi Fuso Truck and Bus Corporation (MFTBC) has appointed Switzerland's Emil Frey Group as its general distributor in 21 European markets, providing sales and aftermarket services for the Fuso brand [1][4] - The reorganization of MFTBC's European distribution and sales operations is part of the integration of the Fuso and Hino brands under a new holding company, Archion, with the merger expected to be completed on April 1, 2026 [2] - Emil Frey Group, established in 1924, has a strong sales, service, and logistics network across Europe, employing around 25,000 people and selling over 600,000 vehicles annually [3] Group 2 - The countries where Fuso distribution and sales operations will be established include Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, France, Germany, Greece, Hungary, Kosovo, Liechtenstein, Monaco, Montenegro, North Macedonia, Poland, Romania, Switzerland, Serbia, Slovakia, and Slovenia [4] - MFTBC's head of International Sales and Customer Services expressed confidence that the partnership with Emil Frey will combine Fuso's innovative products with Emil Frey's extensive network, delivering exceptional value to customers [5] - Emil Frey Group's CEO highlighted the importance of their strong customer focus and market expertise, which, combined with MFTBC's innovative products, will enhance service delivery to customers and dealer partners [5]

Core Viewpoint - In 2025, the commercial vehicle market in China experienced growth in both domestic demand and exports, driven by strong policy support for new energy vehicles, leading to a structural recovery and growth in the market [1][24]. Production and Sales Data - In December 2025, China's automobile production and sales reached 3.296 million and 3.272 million units, respectively, with a month-on-month decline of 6.7% and 4.6%, and a year-on-year decline of 2.1% and 6.2% [1]. - For the entire year of 2025, automobile production and sales totaled 34.531 million and 34.400 million units, marking a year-on-year increase of 10.4% and 9.4%, with production and sales remaining above 30 million units for three consecutive years [1][24]. Commercial Vehicle Performance - In December 2025, commercial vehicle production and sales were 416,000 and 425,000 units, respectively, with month-on-month increases of 7.4% and 8.5%, and year-on-year increases of 15.5% and 15.3% [1][3]. - For the entire year, commercial vehicle production and sales reached 4.261 million and 4.296 million units, reflecting year-on-year growth of 12% and 10.9% [3]. Truck Segment Insights - In December 2025, truck production and sales were 357,000 and 361,000 units, with month-on-month increases of 7.2% and 6.7%, and year-on-year increases of 17.6% and 17.2% [5]. - Heavy-duty truck sales reached 1.145 million units for the year, showing a significant year-on-year increase of 27% [7]. Bus Segment Insights - In December 2025, bus production and sales were 59,000 and 64,000 units, with month-on-month increases of 8.6% and 20.1%, and year-on-year increases of 3.9% and 5.5% [8]. - For the entire year, bus production and sales totaled 568,000 and 574,000 units, with year-on-year growth of 11.8% and 12.3% [11]. Pickup Truck Performance - In 2025, pickup truck production and sales reached 591,000 and 609,000 units, with year-on-year increases of 12.6% and 11.1% [10]. Export Performance - In December 2025, commercial vehicle exports reached 112,000 units, with a month-on-month increase of 7.3% and a year-on-year increase of 42.4% [17][18]. - For the entire year, commercial vehicle exports totaled 1.06 million units, reflecting a year-on-year growth of 17.2% [20]. New Energy Vehicle Insights - In December 2025, domestic sales of new energy commercial vehicles reached 120,000 units, with a month-on-month increase of 23.2% and a year-on-year increase of 72%, accounting for 38.3% of total commercial vehicle sales [20]. - For the entire year, domestic sales of new energy commercial vehicles reached 871,000 units, with a year-on-year growth of 63.7%, representing 26.9% of total commercial vehicle sales [20].