国内新闻 1月底全国乘用车行业库存357万辆 2月25日，乘联分会秘书长崔东树发文表示，2026年1月底，全国乘用车行业库存357万辆，较上月下降8万辆，较2025年1月 增58万辆，形成库存高位运行特征。他还指出："2026年1月底的库存与未来销量综合预估的现有库存支撑未来销售天数在70 天，相对于2023年1月的65天、2024年1月的70天、2025年1月的48天，今年1月的总体库存压力相对较大。" 默茨访华，奔驰宝马大众高管随访 据央视新闻消息，德国总理默茨于2月25日至26日对中国进行正式访问。25日上午，默茨乘机抵达北京首都国际机场，开启 就任以来的首次访华行程。来自汽车、化工、生物制药、机械制造、循环经济等德优势领域的约30家头部企业高管随访。另据 悉，随访高管包括大众汽车集团管理董事会主席奥博穆、梅赛德斯-奔驰集团股份公司董事会主席康林松、宝马集团董事长齐普 策。 "航天走廊"自动驾驶运输系统预计年内启用 2月25日，香港特区政府财政司司长陈茂波在立法会发表2026至2027财政年度政府财政预算案。陈茂波表示，香港特区政府 在保障道路安全的前提下，正加速自动驾驶无人化、规模化发展，达致商业营运 ...

Core Viewpoint - Toyota will start selling American-made cars in Japan from 2026, aiming to improve Japan-US trade relations [1] Group 1 - Toyota plans to sell the Camry sedan, Highlander SUV, and Tundra pickup truck in Japan [1]

Group 1: Automotive Market Trends - The retail market for narrow passenger vehicles in December is expected to reach approximately 2.3 million units, representing a month-on-month increase of 3.4% but a year-on-year decline of 12.7%. Among these, the expected retail volume for new energy vehicles is around 1.38 million units, with a penetration rate projected to reach 60% [1] - Ideal Auto has recently restructured its supply chain departments, merging the "Parts Cluster" into the "Manufacturing" department, which now has over 10,000 employees, accounting for one-third of the total workforce in the smart vehicle group [2] - A new automotive technology company, Jetta Automotive Technology (Sichuan) Co., Ltd., was established with a registered capital of 3 billion RMB, focusing on manufacturing automotive parts, electric motors, and smart vehicle equipment [4] Group 2: Company Developments - Xiaomi has obtained an L3-level autonomous driving road test license in Beijing, allowing for conditional autonomous driving tests on designated high-speed road sections [1] - Seyond Tuda has announced a partnership with SAIC Volkswagen for a new model that will feature Tuda's Lingque E1X laser radar, with plans for mass production in 2026 [5] - Toyota plans to sell three models manufactured in the U.S. in the Japanese market starting next year, including the Camry, Highlander SUV, and Tundra pickup [6] Group 3: Safety Recalls - Ford is recalling over 272,000 vehicles in the U.S. due to a potential issue where the integrated parking module may not secure the vehicle in the park position when shifting gears [7] - BMW is recalling 36,922 units of the 2025-2026 X3 models due to a risk of the steering wheel unexpectedly moving while the vehicle is stationary [8]

Group 1 - Nezha Auto has selected a management trustee for its bankruptcy restructuring, with two institutions submitting applications and one being chosen to assist in the management process [2] - The China Automotive Industry Association has published compliance results for five data security requirements, with nine manufacturers, including BYD and Changan, having 43 models meeting these standards [2] - Cainiao Group is in talks to invest in Jiushi Intelligent, aiming to integrate its unmanned vehicle business, with plans to launch a low-cost L4 autonomous delivery vehicle [2] - Toyota plans to sell three models manufactured in the U.S. in Japan starting in 2026, aiming to improve trade relations between Japan and the U.S. [2] Group 2 - Geely's autonomous driving integration faces personnel changes, with the chief scientist of Qianli Zhijia leaving, indicating potential shifts in the company's strategic direction [3]

Core Viewpoint - Toyota plans to start selling its U.S.-made Camry sedans, Highlander SUVs, and Tundra pickups in Japan from next year to improve U.S.-Japan trade relations [1] Group 1: Trade Relations - Toyota is exploring the possibility of "reverse imports" to address the significant trade surplus Japan has with the U.S. [1] - The company aims to persuade President Trump to lower tariffs on Japanese cars and related parts exported to the U.S. [1] - A clause in the U.S.-Japan trade agreement requires Japan to "open its market" to allow imports of American cars [1] Group 2: Corporate Initiatives - Toyota's Chairman Akio Toyoda previously suggested that U.S. automakers could utilize Toyota's sales network in Japan to sell cars [1] - The company has recently launched production at its $13.9 billion battery plant in North Carolina to increase hybrid vehicle output [1] - Toyota confirmed plans to invest $10 billion in U.S. manufacturing over the next five years [1]