2026.03. 31 本文字数：2393，阅读时长大约4分钟 作者 | 第一财经 葛慧 在中东局势推高燃油价格、国内新能源渗透率持续攀升的背景下，长安汽车（000625.SZ）却选择 在燃油车领域进一步发力。 "新能源车确实是汽车行业未来的解决方向，但每年仍有超过7000万用户需要购买燃油车。"2026 年3月30日，长安汽车执行副总裁杨大勇在蓝鲸超擎动力全球发布会上表示，作为一家全球化企业， 长安要为全球用户提供多元场景的出行解决方案。 从长安自身的销售情况来看，燃油车的销售依然占到半数以上的比重，在燃油车领域的技术积累，以 及销量规模的提升，决定其必须在燃油车的创新方面持续发力。产销快报显示，今年1~2月，长安汽 车累计销量286,623辆，其中新能源汽车78,816辆，占比27.5%。 在长安看来，传统自主品牌既要拥抱新能源的快车道，也要走好燃油车的低碳升级路，蓝鲸超擎混动 是长安给出的全球混动中国方案。 乘联分会秘书长曾撰文分析称，传统燃油车的核心矛盾在于"效率浪费"与"场景局限"：内燃机热效 率仅35%-40%，大部分能量以热量形式浪费；城市拥堵工况下，油耗比高速工况高30%-50%； 长途出行时 ...

Group 1 - Changan Automobile officially announced its new hybrid technology named "Blue Whale Super Hybrid," which aims to provide a user experience comparable to electric vehicles while maintaining traditional fuel vehicle convenience, achieving urban fuel consumption as low as 2.98L/100km [3][21] - The development of "Blue Whale Super Hybrid" involved over 1,000 top engineers and a six-year effort, with an investment of 2 billion yuan in a global top-tier experimental platform and 163 core power technologies validated over 200,000 kilometers of global road testing [3][21] Group 2 - Porsche released its 2025 financial report and outlined a preliminary strategic plan for 2035, including the potential launch of a new supercar to succeed the 918 Spyder, based on the Mission X concept car [6][24] - Porsche plans to introduce a three-row SUV, a new 718 model, a fuel version of the Macan, and the 911 GT2 RS as part of its product lineup [6][24] Group 3 - Zhejiang Haoqing Automobile Manufacturing Co., Ltd. announced a recall plan for smart models 1 and 3 due to potential thermal runaway risks associated with high-voltage battery components, which may lead to performance degradation [8][26] - The recall will involve inspections and remote diagnostics, with free battery replacements for affected vehicles to eliminate safety hazards [9][27] Group 4 - Li Auto reported a total revenue of 112.3 billion yuan for 2025, with fourth-quarter deliveries reaching 109,000 units, a 17.1% increase quarter-over-quarter, and a net profit of 1.1 billion yuan [11][29] - By the end of 2025, Li Auto's cash reserves amounted to 101.2 billion yuan, with a record R&D investment of 11.3 billion yuan for the year, half of which was allocated to AI-related projects [13][31] Group 5 - Volkswagen Group's 2025 financial report indicated a significant decline in profits, with total revenue of approximately 321.91 billion euros, a 0.8% year-over-year decrease, and an operating profit drop of about 53% [15][33] - The company announced plans to cut 50,000 jobs in Germany by 2030 to address cost pressures amid various challenges [15][33] Group 6 - BYD is evaluating options to enter Formula 1 racing, aiming to enhance its brand visibility in overseas markets, potentially becoming the first Chinese automaker to participate in F1 [17][35] - The 2026 F1 season will implement new power unit regulations, significantly increasing the electric power share in hybrid systems [17][35]