收评：三大指数均涨超1% 两市成交额3.6万亿创历史新高 市场震荡拉升，三大指数均涨超1%，创业板指探底回升，此前一度跌超1%。沪深两市成交额3.6万亿， 连续第2个交易日突破3万亿，较上一个交易日放量4787亿，刷新此前在2024年10月8日创下的成交额历 史纪录。盘面上，市场热点轮番活跃，全市场超4100只个股上涨，其中201只个股涨停。 从板块来看，AI应用概念全线爆发，引力传媒6天5板，利欧股份、美年健康、天下秀、省广集团2连 板，卫宁健康、新点软件、福昕软件等多股涨停。商业航天概念延续强势，金风科技5连板，通宇通讯4 天3板。可控核聚变概念表现活跃，中国核建4天3板。下跌方面，保险、油气、房地产等板块跌幅居 前。截至收盘，沪指涨1.09%，深成指涨1.75%，创业板指涨1.82%。（智通财经） 又一黄金ETF暂停申购 今日，易方达基金宣布，旗下易方达黄金ETF自1月16日暂停申购，1月19日恢复。原因是该基金调整黄 金现货实盘合约申购、赎回对价，为了保护投资者利益、保障基金平稳运作。具体来看，下周一起，该 基金的现金和实物申购、赎回的最小申购、赎回单位由30万份调整为10万份；投资者办理实物申购、赎 ...

奇瑞 iCAUR 环保型 SUV 首次亮相阿联酋 奇瑞电动汽车品牌 iCAUR 在阿联酋正式推出首款 SUV 车型 V27，并计划逐步拓展中东市场。V27 为增程式电动汽车（REEV），由电池与电机驱动，辅以 1.5L涡轮增压发动机作为备用发电机，实现更长续航与低排放。整车续航超过900公里，纯电续航150公里，后驱车型最大功率449马力，最高时速170公里， 全驱车型可达180公里/小时。V27 兼具性能、舒适与环保潜力，满足现代驾驶需求，同时支持绿色出行战略，标志着 iCAUR 在中东可持续汽车市场迈出新 步伐。（Saudi Gazette） 阿联酋二手电动车市场2025年增长41% Dubizzle 2025年年度报告显示，平台二手电动车列表同比增长41%，反映消费者信心增强。数据显示，迪拜上半年登记电动车超4.06万辆，阿布扎比充电活 动同比增长60%。统一充电费率、成本下降及充电网络快速扩张推动市场发展：迪拜建成1270多个公共充电站，阿布扎比新增约1000个充电桩，沙迦建成 100个超快充点。二手市场让更多消费者以较低成本获得长续航电动车，中国品牌凭借价格与技术优势获得信任。（海湾时报） 阿联酋巩 ...

Core Insights - The Chinese automotive market in 2025 is characterized by intense competition across multiple dimensions, including new products, marketing, public opinion, and values, leading to a "multi-front war" among companies [1] - Four prominent automotive leaders have been recognized for their significant achievements in this competitive landscape [1] Group 1: Leap Motor - Zhu Jiangming - Leap Motor is projected to approach sales of 600,000 vehicles in 2025, with overseas deliveries contributing approximately 60,000 units, achieving its annual target ahead of schedule [3] - The company is expected to achieve its first annual profit in 2025, marking a transition to a self-sustaining phase [3] - Zhu Jiangming's strategy focuses on "full self-research" technology and a "cost pricing" business model, with 65% of components being self-developed, allowing for a competitive edge in pricing [3] - Leap Motor has expanded its global presence to 35 markets with over 800 overseas stores [3] - Despite challenges, including a brief restriction on high consumption due to a subsidiary's contract dispute, Zhu Jiangming aims for a sales target of 1 million vehicles in 2026 [4] Group 2: Changan - Zhu Huarong - Changan Automobile was officially established as a state-owned enterprise in July 2025, ranking 73rd among state-owned enterprises, with Zhu Huarong as its chairman [6] - The company achieved a significant milestone with the production of its 30 millionth vehicle in December 2025, setting ambitious targets for 2030, including sales of 5 million vehicles with over 60% from new energy sources [6][7] - Changan's high-end brand, Avita Technology, submitted a listing application to the Hong Kong Stock Exchange, aiming to be the first state-owned new energy vehicle company to go public [7] - Zhu Huarong faces the challenge of balancing strategic ambitions with operational effectiveness amid intense market competition [7] Group 3: Chery - Yin Tongyue - Chery Automobile completed its long-awaited IPO on the Hong Kong Stock Exchange, raising HKD 9.14 billion and achieving a market valuation exceeding HKD 200 billion [10] - The company exported over 1 million vehicles in 2025, with European sales increasing by over 200% year-on-year, contributing nearly 40% to total revenue [10] - Yin Tongyue aims to establish Chery as a global corporate citizen through localized production in markets like Spain [10] - Chery faces challenges in its high-end branding efforts, particularly with its collaboration with Huawei and the Xingtai brand [11] Group 4: Xpeng - He Xiaopeng - Xpeng is nearing its profitability goal, with a projected delivery of 350,000 vehicles in 2025, reflecting a year-on-year increase of 156% [13] - The company anticipates delivering between 125,000 and 132,000 vehicles in the fourth quarter of 2025, with total revenue expected to range from CNY 21.5 billion to CNY 23 billion [13] - Xpeng's stock has surged over 80% in Hong Kong and 75.8% in the U.S. since the beginning of the year, surpassing Li Auto's market capitalization [13] - The company is also venturing into robotics and flying cars, with plans to launch three Robotaxis in 2026 and a new generation of robots [14]

Group 1: Cross-Border E-commerce in China - Zhejiang province leads the nation in cross-border e-commerce import clearance volume, reaching 270 million orders and a value of 77.57 billion yuan, both showing double-digit growth year-on-year [1] - Guangzhou has maintained the largest cross-border e-commerce import scale in China for ten consecutive years, with retail sales expected to grow over 25% by 2025 compared to 2020 [2] Group 2: Retail and E-commerce Trends in the U.S. - U.S. holiday retail spending increased by 4.2% year-on-year, with e-commerce spending growing by 7.8%, driven by early promotions and convenience [3] Group 3: E-commerce Market in Brazil - Brazil's e-commerce market recorded 33.9 billion visits in the past 12 months, with leading platforms being Mercado Livre, Amazon Brasil, and Shopee [4] Group 4: Investment in Artificial Intelligence - ByteDance plans to invest 160 billion yuan in artificial intelligence in 2026, an increase from 150 billion yuan in 2023, with half of the expenditure allocated for advanced semiconductor procurement [5] Group 5: TikTok's U.S. Operations - TikTok is set to establish a joint venture in the U.S. to ensure continued operations, with the Chinese government advocating for a fair and transparent business environment for Chinese companies [6] Group 6: Pinduoduo's Growth and Strategy - Pinduoduo announced that its international platform Temu has achieved significant market scale in three years, equivalent to Pinduoduo's domestic growth over ten years, emphasizing compliance and social responsibility [7] Group 7: Autonomous Driving Initiatives - Baidu's autonomous driving service platform,萝卜快跑, will begin testing in London in 2026, marking its first entry into a right-hand traffic market outside of China [8] Group 8: Amazon's Logistics Expansion in Japan - Amazon Japan plans to enhance its logistics network by building a new logistics center in Nagoya and adding six new delivery stations across the country by 2025 [9] Group 9: Ugreen's IPO Plans - Ugreen Technology announced plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and brand image [10] Group 10: XPeng's Market Expansion - XPeng Motors has made significant progress in the Middle East and Africa, launching its brand in Qatar and establishing partnerships in Mauritius and the UAE [11] Group 11: Pop Mart's Expansion in the Philippines - Pop Mart opened its first store in the Philippines, attracting significant consumer interest and becoming a new cultural landmark in Manila [12] Group 12: Xiangpiaopiao's Investment in Thailand - Xiangpiaopiao plans to invest $38 million to establish a beverage production base in Thailand, aligning with its international market expansion strategy [13]

Group 1: Cross-Border E-commerce - Zhejiang Province ranked first in China for cross-border e-commerce import clearance volume, reaching 270 million orders and a value of 77.57 billion yuan, both showing double-digit growth year-on-year [2] - Guangzhou has maintained the largest cross-border e-commerce import scale in China for ten consecutive years, with retail sales expected to grow over 25% by 2025 compared to 2020 [3] Group 2: Retail and E-commerce Trends - Visa's report indicates that U.S. holiday retail spending increased by 4.2% year-on-year, with online retail spending growing by 7.8% due to early promotions and convenience [4] - Brazil's e-commerce market recorded 33.9 billion visits in the past 12 months, with leading platforms being Mercado Livre, Amazon Brasil, and Shopee [5] Group 3: Corporate Developments - ByteDance plans to invest 160 billion yuan in artificial intelligence by 2026, increasing from 150 billion yuan in 2023, with half of the expenditure allocated for advanced semiconductors [5] - TikTok is establishing a joint venture in the U.S. to ensure continued operations, with the Chinese government advocating for a fair business environment for Chinese companies [6] - Pinduoduo announced that its subsidiary Temu has achieved significant market scale in three years, equivalent to Pinduoduo's ten-year growth in China [7] Group 4: International Expansion - Baidu's autonomous driving service platform,萝卜快跑, will begin testing in London in 2026, marking its first entry into a right-hand traffic market outside of China [8] - Amazon Japan is expanding its logistics network, including a new logistics center in Nagoya and six additional delivery stations nationwide by 2025 [9] - Pop Mart opened its first store in the Philippines, attracting significant consumer interest in a high-traffic shopping area [12] - Xiangpiaopiao plans to invest $38 million to establish a beverage production base in Thailand, aligning with its international market expansion strategy [13] Group 5: Automotive Developments - XPeng Motors announced its market progress in the Middle East and Africa, including a brand launch in Qatar and new partnerships in Mauritius and Egypt [11]

Core Insights - The article highlights significant developments in various companies and industries, focusing on their international expansions, technological advancements, and strategic partnerships. Group 1: Logistics and Supply Chain - JD Logistics has launched its first overseas automated warehouse in the UK, enhancing its supply chain efficiency and enabling same-day delivery for consumers [5][6]. - SF International signed a memorandum of cooperation with MSC Air Cargo to improve global supply chain resilience through integrated air, land, and sea transport [8]. Group 2: Technology and AI - Feishu (Lark) has introduced an AI office app called "AnyGen" overseas, which allows users to convert voice notes and ideas into documents and presentations seamlessly [5][6]. - Alibaba's Tongyi has released two foundational models to enhance industrial-grade video and voice capabilities, including a video generation model that supports multi-scene storytelling [5][6]. Group 3: Automotive Industry - XPeng Motors is expanding its presence in the Middle East and Africa, launching its brand in Qatar and establishing partnerships in Mauritius and the UAE [9]. - Lynk & Co has officially entered the UAE market, showcasing its flagship SUV and emphasizing community engagement and high-end positioning [9]. Group 4: Investment and Financing - Sazhi Intelligent has completed several rounds of financing, with over 20% of its revenue coming from overseas markets, aiming to increase this to around 50% [12]. - Qianjue Technology has secured nearly 100 million yuan in financing to accelerate global commercialization and technology development in the embodied intelligence sector [13]. Group 5: Market Regulations - Thailand will eliminate the tax exemption for cross-border packages valued under 1,500 THB starting January 1, 2026, which is expected to increase costs for cross-border e-commerce [15].

Key Points - 36Kr will document the global stories of Chinese brands at CES 2026, following its coverage of IFA and GITEX GLOBAL in 2025 [2] - JD Logistics has launched its first overseas smart warehouse in the UK, enabling same-day delivery for its European online retail business, Joybuy [3] - ByteDance's Feishu has launched an AI office app, AnyGen, which allows users to convert voice notes and ideas into documents and presentations [3] - Alibaba Tongyi has released two foundational models to enhance industrial-grade video and voice capabilities, including a video generation model and an upgraded voice generation model [4] - Tuya Smart has introduced an AI life assistant, Hey Tuya, which integrates with various smart devices and has over 12,000 AI agents developed on its platform [4] - Wuji Power and ZF LIFETEC have formed a strategic partnership to collaborate on robotics training and deployment systems [5] - SF International has signed a memorandum of cooperation with MSC Air Cargo to enhance global supply chain services [5] - Tencent Midas has partnered with Mastercard to improve digital commerce in the global entertainment industry [6] - XPeng Motors has made significant progress in the Middle East and Africa, launching its brand in Qatar and establishing a flagship experience center in Abu Dhabi [6] - Lynk & Co has officially entered the UAE market, showcasing its flagship SUV and emphasizing community interaction [6] - Jinbei Automotive and E-Works have signed a memorandum to establish R&D centers in China and Germany for electric commercial vehicles [7] - Baidu's autonomous driving service platform, Luobo Kuaipao, will begin testing in the UK in 2026 [7] - LONGi Green Energy and Solarpro will collaborate to build the largest BC photovoltaic power station in Europe, with a total capacity of 450MW [7] - Xiangpiaopiao plans to invest approximately 268 million yuan to establish a beverage production base in Thailand [8] - Sazhi Intelligent has completed several rounds of financing, with over 20% of its revenue coming from overseas markets [9] - Yundong has secured pre-IPO financing and is preparing for an A-share listing, focusing on robotics applications in various industries [9] - Qianjue Technology has raised nearly 100 million yuan to expand its global commercialization efforts in the embodied intelligence sector [10] - Mianbi Intelligent has completed financing to enhance its edge AI model development and expand into emerging markets [10] - Thailand will eliminate the tax exemption for cross-border packages starting January 1, 2026, impacting e-commerce costs [11] - The Saudi Arabian e-commerce market is projected to grow significantly, reaching $708.7 billion by 2033 [11]

Core Viewpoint - The development of the low-altitude economy hinges on identifying real scene demands, with a focus on high-frequency, low-risk scenarios to drive regulatory and management improvements [1]. Low-altitude Logistics: Competition Among Tech Giants - Major companies like JD.com, Meituan, and SF Express are actively competing in the low-altitude logistics sector, showcasing their unmanned aerial vehicles (UAVs) [3][6]. - JD.com plans to achieve normalized operations for its drones and unmanned vehicles by 2025, with significant logistics improvements in the Greater Bay Area, including a 70% increase in transportation efficiency for medical supplies across the Pearl River [4][6]. - Meituan has launched 65 flight routes and completed 740,000 commercial orders by December, with a focus on instant delivery services [6]. - SF Express has established 1,400 flight routes and operates over 1,000 drones, aiming to expand its coverage in the Greater Bay Area [8]. Low-altitude Cultural Tourism: A New Consumption Trend - The low-altitude cultural tourism sector is transitioning from niche experiences to mass consumption, projected to reach a market size of 200 billion yuan by 2030 [10][12]. - The Ministry of Culture and Tourism and the Civil Aviation Administration have issued a plan to support the development of low-altitude tourism, encouraging the creation of unique routes and products [14]. - Guangzhou is leading in low-altitude tourism development, with plans for 10 low-altitude takeoff and landing bases and a government fund of 20 billion yuan to support the industry [14]. - The integration of low-altitude tourism with various applications, such as aerial sightseeing and emergency rescue, provides a testing ground for regulatory frameworks and operational safety [15]. Business Model Validation - The profitability of low-altitude tourism has been validated, with operators beginning to generate revenue, indicating a significant step towards the economic viability of the low-altitude sector [17].

Core Viewpoint - The Chinese electric vehicle (EV) stocks experienced a significant rise, with Li Auto making notable strides in international market expansion, while XPeng Motors launched its brand in the Middle East, indicating a robust global growth strategy for these companies [1] Group 1: Li Auto Developments - Li Auto has achieved a key breakthrough in its overseas business expansion, officially entering the markets of Egypt, Kazakhstan, and Azerbaijan after its initial foray into Uzbekistan [1] - This expansion signifies the completion of Li Auto's core market layout across Central Asia, the Caucasus region, and Africa, marking a substantial step in its globalization process [1] Group 2: XPeng Motors Initiatives - XPeng Motors held a grand brand launch event in Doha, Qatar, marking its official entry into the high-end Middle Eastern market [1] - During the event, XPeng showcased the G9 and G6 models and announced the upcoming launch of the P7+ model, aimed at providing local consumers with a wider range of smart mobility options [1] - The event also featured the display of XPeng's flying car, highlighting the brand's forward-looking exploration of future mobility solutions [1]

Group 1 - The core viewpoint of the article highlights the significant growth of Chinese electric vehicle (EV) stocks, with notable increases in share prices for companies like Xpeng Motors, Li Auto, and NIO [1] - Li Auto has made a key breakthrough in its overseas expansion, officially entering the markets of Egypt, Kazakhstan, and Azerbaijan, following its previous entry into Uzbekistan, marking a substantial step in its global strategy [1] - Xpeng Motors held a brand launch event in Doha, Qatar, showcasing its entry into the high-end Middle Eastern market, featuring models like the Xpeng G9 and G6, and announcing the upcoming Xpeng P7+ model to enhance local consumer options [1]