然而，亮眼的总量数据无法掩盖结构性的隐忧。德国经济研究所发布的一项研究显示，2025年德国对华汽车出口额较2022年锐减三分之二。 "China Travel"的风，终究是从社交平台吹到了国际政坛。 继法国总统马克龙、爱尔兰总理马丁、芬兰总理奥尔波和英国首相斯塔默之后，德国总理默茨成为最近3个月内又一位访问中国的欧洲国家领导人。 有个小细节，早在大年初一，默茨就在社交平台上表达了对中国的新春祝福，这份心意给即将到来的访华之旅增添了不少人情味。 此次与默茨同行的，是一支被媒体称为"自默克尔时代以来最豪华"的经济代表团，由约30位来自汽车、化工、制药、机械制造等领域的德国头部企业高管 们组成。 在德媒披露的随行名单中，有几个名字格外引人注目：大众汽车集团管理董事会主席奥博穆、梅赛德斯-奔驰集团董事会主席康林松、宝马集团董事长齐 普策。 这并非偶然。2025年，德国对华贸易总额达2518亿欧元，同比增长2.1%，中国再次超越美国成为德国最大的贸易伙伴。这一地位的背后，站着大众、奔 驰、宝马——三家以中国为全球最大单一市场的汽车巨头。作为德国经济的支柱，它们用真金白银的销量，构成了这份"最大贸易伙伴"数据中最核心的一 ...

据第一财经报道，最新零售销量数据显示，雅阁2026年1月销量约1.38万辆，环比下降27%，在中型车的销量排名中位居第6名，但主要销量源自该车型的 燃油版本。回顾2025年，雅阁有3个月的销量不足1万辆，最低月销量约为7741辆。 从燃油车时代开始，雅阁、凯美瑞等车型以相对可靠的"三大件"（发动机、变速箱、底盘）、较低的油耗及保养成本等使用优势，精准踩中中年人的购车 需求，一度需要加价2万~5万元才能购买，也成为广汽本田、广汽丰田长期以来重要的利润来源。 曾被称为"中年人一代神车"的雅阁降价了。 广汽本田近日宣布，为庆祝雅阁50周年，老客户复购雅阁e:PHEV车型，仅需13.88万元，较官方指导价直降10万元，创下上市后最高降价纪录，限量1000 辆。 中信建投发布的最新报告显示，1月，新能源汽车中高级别车型占比提升，其中A00级车和A0级车的销量为8.8万辆，A级车销量14.1万辆，B级及以上销量 39.9万辆，分别占比14%、22.5%、63.4%。这主要是因为新的以旧换新政策下，新能源中高端车型售价高能获取更高补贴，带动新能源乘用车销量向中高 级别倾斜。 当前，这场由雅阁掀起的马年车市争夺战仍在继续。昨 ...

广汽本田近日宣布，为庆祝雅阁50周年，老客户复购雅阁e:PHEV车型，仅需13.88万元，较官方指导价直降10万元，创下上市后最高降价纪录，限量1000 辆。 曾被称为"中年人一代神车"的雅阁降价了。 乘联分会秘书长崔东树给出的数据显示，今年1月，常规燃油车价格持续上升，而新能源车则出现"量跌价升"的情况。 中信建投发布的最新报告显示，1月，新能源汽车中高级别车型占比提升，其中A00级车和A0级车的销量为8.8万辆，A级车销量14.1万辆，B级及以上销量 39.9万辆，分别占比14%、22.5%、63.4%。这主要是因为新的以旧换新政策下，新能源中高端车型售价高能获取更高补贴，带动新能源乘用车销量向中高 级别倾斜。 据第一财经报道，最新零售销量数据显示，雅阁2026年1月销量约1.38万辆，环比下降27%，在中型车的销量排名中位居第6名，但主要销量源自该车型的 燃油版本。回顾2025年，雅阁有3个月的销量不足1万辆，最低月销量约为7741辆。 从燃油车时代开始，雅阁、凯美瑞等车型以相对可靠的"三大件"（发动机、变速箱、底盘）、较低的油耗及保养成本等使用优势，精准踩中中年人的购车 需求，一度需要加价2万~5万元 ...

wumiancaijing.com / 2月25日，网上有消息称，飞天茅台出厂价由1169元/瓶上调至1299元/瓶，引发市场关注。 对此，据21世纪经济报道，贵州茅台公司接线工作人员回应：" 如果是飞天有价格有调整的话，是要披 露的重大事项，公司会及时披露信息。网上经常有这种小作文，建议关注公司披露的公告，没必要去相 信网上的这种谣传。" 最热的泛财经新闻，都在这儿了。 重要提醒！！！为防失联，请"星标"我们！进入无冕财经公众号，点击右上角"..."，再" "，以便您及时 接收每篇推送~ 本文由无冕财经（wumiancaijing）整理发布 资讯整理：小冕 编辑：陈涧 设计：岚昇 传飞天茅台出厂价上调130元 茅台辟谣，分析称是股民行为 ▲茅台2023年调价时曾发布公告。 贵州茅台最近一次调整出厂价格，还是在2023年11月1日，当时上调53%vol贵州茅台酒（飞天、五星） 出厂价格，平均上调幅度约为20%。但市场指导价仍维持在每瓶1499元。 据中国基金报，对于调价消息，一位茅台酒经销商表示"没听说"。中国酒业独立评论人肖竹青表 示，"贵州国资背景的茅台酒代理商是茅台酒涨价的最大阻力，每一个贵州国资的代理 ...

2月25日，#宝马7系降价约27万#话题冲上微博热搜第一。 据蓝鲸新闻报道，春节期间，豪华品牌燃油车受国补、厂补等因素推动，优惠降价促销仍是主旋律。数 据显示，宝马530Li尊享型指导价52.5万元，终端实际售价35.7万元，优惠高达16万元，价格降幅超 30%。宝马7系优惠最高达27万。 此外，奔驰E级最高降13.5万，GLB起售价低至14.49万；奥迪A6L降15.1万至27.69万，A3甚至跌至10万 元区间。 事实上，伴随着国产新能源汽车的崛起，BBA品牌在国内的销量持续下滑，其终端价格"打折"已屡见不 鲜。 对此，有网友调侃称，"直接卖个标得了""买的时候降价，保养维修的时候能让你哭"。 责任编辑：王翔 2月25日，#宝马7系降价约27万#话题冲上微博热搜第一。 据蓝鲸新闻报道，春节期间，豪华品牌燃油车受国补、厂补等因素推动，优惠降价促销仍是主旋律。数 据显示，宝马530Li尊享型指导价52.5万元，终端实际售价35.7万元，优惠高达16万元，价格降幅超 30%。宝马7系优惠最高达27万。 此外，奔驰E级最高降13.5万，GLB起售价低至14.49万；奥迪A6L降15.1万至27.69万，A3甚至跌 ...

Core Viewpoint - Mexico is cautiously accepting the expansion of Chinese automotive companies, following a more welcoming stance from Canada, which presents a challenge for the U.S. as Chinese brands extend their reach into North America [1] Group 1: Market Dynamics - Mexico ranks as the 4th largest exporter and 7th largest producer of light vehicles globally, heavily reliant on the U.S. market, with projections indicating that 2.8 million out of 4 million vehicles produced in 2024 will be exported to the U.S. [3] - The Nissan-Mercedes-Benz plant in Aguascalientes, Mexico, is a target for acquisition by Chinese automotive firms, with the plant's production capacity historically underutilized at less than 60% [3] - The plant's closure is part of Nissan's broader strategic realignment, influenced by tariffs imposed by the U.S. on Mexican-made vehicles [3][4] Group 2: Impact of Tariffs - The imposition of a 25% tariff on Mexican-made vehicles by the Trump administration has significantly impacted Mexico's automotive industry, leading to a projected decline in exports to the U.S. by nearly 3% in 2025 [3][4] - If current tariffs persist, Mexico could see a more substantial drop in automotive exports by 2026, resulting in the loss of approximately 60,000 jobs in the automotive sector by 2025 [4] Group 3: Chinese Automotive Expansion - Chinese automotive brands are rapidly expanding globally, with projections indicating that by 2025, their total global sales will reach 30.42 million vehicles, surpassing Japan for the first time [5] - In Mexico, the market share of Chinese automotive brands is expected to rise from 0% in 2020 to nearly 10% by 2025, positioning Mexico as a strategic hub for Chinese companies targeting the North American market [5] Group 4: Geopolitical Considerations - Mexican officials are concerned that a successful acquisition by Chinese firms could provoke a strong reaction from the U.S., leading to private discussions about delaying such investments until trade negotiations with the U.S. are concluded [5][6] - Recent tariff adjustments by Mexico, aimed at balancing trade deficits, have strained economic relations with China, despite the intention to boost domestic production [6]

Core Viewpoint - Mexico is cautiously accepting the expansion of Chinese automotive companies in the country, following a more welcoming stance from Canada, which presents a challenge for the U.S. as Chinese automotive brands extend their industrial layout into neighboring territories [1]. Group 1: Chinese Automotive Companies' Expansion - Two major Chinese automotive companies have reached the final selection stage to bid for the Nissan-Mercedes-Benz factory in Mexico [3]. - A total of four Chinese automotive companies are involved in the bidding process, but they have not disclosed any information regarding the matter [4]. - The Nissan-Mercedes-Benz factory in Aguascalientes, Mexico, has a designed annual capacity of 230,000 vehicles but has never operated at full capacity, with a utilization rate below 60% [4]. Group 2: Impact of Tariffs on the Mexican Automotive Industry - Mexico is the world's fourth-largest exporter and seventh-largest producer of light vehicles, heavily reliant on the U.S. market, with 2.8 million out of 4 million vehicles produced in 2024 expected to be exported to the U.S. [4]. - The imposition of a 25% tariff on cars produced in Mexico by the Trump administration has led to a projected decline of nearly 3% in exports to the U.S. by 2025 [4]. - The chairman of the Mexican Automotive Industry Association (AMIA) warned that if current tariffs persist, exports to the U.S. could see a more significant drop by 2026, resulting in a loss of 60,000 jobs in the automotive sector by 2025 [5]. Group 3: Strategic Implications for Chinese Brands - The growth of the Chinese automotive industry has fueled ambitions for global market expansion, with projections indicating that by 2025, Chinese brands will sell 30.42 million vehicles globally, surpassing Japan for the first time [7]. - In Mexico, the market share of Chinese automotive brands is expected to rise from 0% in 2020 to approximately 10% by 2025 [7]. - Mexico serves as a strategic hub for Chinese companies to penetrate the North American market, with local investments creating much-needed jobs [7]. Group 4: Trade Relations and Tariff Adjustments - The Mexican government has raised tariffs on imports from countries without free trade agreements, including China, with rates reaching up to 35% [9]. - The core purpose of the recent tariff increases appears to be to appease the Trump administration, which has led to heightened tensions in Mexico-China trade relations [9]. - Recent direct talks between Chinese and Mexican officials indicate ongoing discussions about bilateral trade relations amidst the backdrop of Chinese automotive companies bidding for the factory [9].

Group 1 - BYD and Geely are reportedly shortlisted for the acquisition of the Nissan-Mercedes-Benz factory in Mexico [1] - The factory, located in Guanajuato, Mexico, primarily produces the Mercedes GLB and Nissan Sentra models, and has established production qualifications and supply chain support [1] - The strategic location of the factory allows it to serve both North and South American markets, which is a key factor attracting Chinese automakers [1] Group 2 - The acquisition interest comes amid increased layoffs and factory shutdowns in Mexico due to U.S. tariff policies [1] - Chinese companies are actively seeking to establish manufacturing bases in Mexico as part of their expansion strategy [1]

Group 1 - The luxury car market in China is experiencing significant price reductions from brands like BMW and Mercedes-Benz, with price cuts ranging from 3.37 million to 6.902 million yuan, approximately 10% for key models [1] - Mercedes-Benz plans to deliver 575,000 vehicles in China in 2025, a decline of about 19% from 714,000 units in 2024 [1] - BMW has also adjusted the suggested retail prices for several key models, with reductions generally exceeding 10%, and some models seeing cuts of over 300,000 yuan [1] Group 2 - The market for mid-to-high-end electric vehicles priced above 250,000 yuan has seen less price reduction during the Spring Festival, with brands like BYD and Volvo not offering significant discounts [1] - Domestic electric vehicle brands are introducing new models post-Spring Festival, with Xiaomi planning to launch a new generation of its SU7 model [2] - The automotive market is shifting from rapid growth to a phase of stock competition, with traditional luxury brands facing intense competition from new energy vehicles [2] Group 3 - The market for electric vehicles priced below 100,000 yuan is becoming increasingly competitive, with models like BYD's Yuan priced at 74,800 yuan and Leap Motor's Lafa5 at 97,800 yuan, both offering cash discounts during the Spring Festival [3] - GAC Toyota's Platinum 3X has dropped to 99,800 yuan, with additional promotional offers available [3] - Leap Motor has achieved significant sales success, leading the new energy vehicle segment with nearly 600,000 units sold last year [3]

Core Viewpoint - Mercedes-Benz has adjusted the manufacturer's suggested retail prices (MSRPs) for key models, including the C-Class, GLC, and GLB, by approximately 10%, in response to significant sales declines in the Chinese market [1][7]. Price Adjustment Impact - The price reduction includes specific models such as a decrease of around 33,000 yuan for the C 200 L, 38,000 yuan for certain GLB 200 models, and 68,000 yuan for the GLC 300 coupe [1]. - Despite the official price cuts, the actual impact on terminal sales appears minimal, as dealers continue to offer substantial discounts based on previous pricing structures [2][5]. Dealer Challenges - The adjustment is intended to provide some liquidity relief for dealers, but it does not fully meet their overall demands [3]. - Dealers are facing significant operational challenges, including high inventory levels, terminal prices falling below procurement costs, delayed rebate payments, and unrealistic sales targets [10]. - Approximately 50% of surveyed dealers reported losses in the first half of 2025, with 80% of main sales models experiencing price inversions, leading to a situation where selling more results in greater losses [10]. Market Context - The sales decline for Mercedes-Benz in China is notable, with a 19% drop in sales, making it the largest decline among major global markets [8]. - The luxury car market in China is increasingly competitive, with local high-end brands exerting pressure on traditional luxury brands, further complicating Mercedes-Benz's market position [8]. Structural Issues - The ongoing tension between dealers and the brand has escalated, with a significant number of dealerships closing or transitioning to new brands [13]. - The China Automobile Dealers Association has reached out to Mercedes-Benz regarding these channel risks, but no concrete policy adjustments have been announced yet [13]. - Mercedes-Benz's CEO has indicated a commitment to improving product offerings and service quality in the Chinese market, with plans to introduce over 15 new and updated models in 2026 [13].