牙克石市，一座位于内蒙古自治区呼伦贝尔市的冰雪之城，随着新一轮寒潮的到来，这里正迎来一年中 最繁忙的时节。12月7日，内蒙古冰雪英雄会2025—2026呼伦贝尔市第七届冰雪日暨牙克石凤凰山冰糖 葫芦冰雪艺术季正式启动，牙克石这个备受全球瞩目的中国寒地汽车测试重要基地，正经历一场从专业 测试场到冰雪产业综合体的转型，成为寒地城市转型的新样本。 在现场，本报记者看到，零下25℃的寒冷天气里，两股热潮在雪原上交织涌动：凤凰山景区的冰雪赛道 上，测试车辆引擎轰鸣，上演着科技与严寒的较量；不远处的冰糖葫芦冰雪艺术季现场，游人欢声笑 语，沉浸在冰雪与民俗交融的狂欢中。这座"冰雪之都"正以独特的"专业测试+大众体验"模式，让冰天 雪地的"冷资源"持续释放"热效应"。 极寒试炼场 跑出产业加速度 12月11日，总投资10.39亿元的国内首个智能网联新能源汽车全季冰雪试验基地项目正式在牙克石签约 落户。 项目计划2026年5月开工，2028年竣工。作为全球规模最大、功能最全、技术领先的新能源汽车全季冰 雪试验基地，将建设全国首个有室内降雪场景的专业测试场和国内唯一的飞行汽车寒区测试场，推动测 试标准化、规范化。覆盖汽车整车、零 ...

Core Insights - Ferrari has presented its profitability targets for the end of the decade, upgrading its 2025 guidance and exceeding 2026 profitability targets one year ahead of schedule [1][7]. Financial Targets - The company aims for net revenues of approximately €9.0 billion by 2030, with a compounded annual growth rate of around 5%, primarily driven by sports cars and related activities [2]. - EBIT is projected to reach at least €2.75 billion in 2030, with a margin of at least 30%, supported by a strong product mix and limited-edition models [3]. - EBITDA is targeted to be at least €3.6 billion in 2030, with an EBITDA margin of at least 40%, indicating strong profitability and cash flow generation [4]. Shareholder Returns - Ferrari plans to increase the dividend payout to 40% of adjusted net profit starting from the 2025 annual results, leading to a cumulative dividend distribution of approximately €3.5 billion from 2027 to 2031 [6]. - The company will initiate a new share repurchase program of around €3.5 billion from 2026, aligned with industrial free cash flow generation [8]. Operational Insights - The company anticipates cumulative industrial free cash flow of approximately €8.0 billion over the 2026-2030 period, with capital expenditures estimated at around €4.7 billion [4][7].

Core Viewpoint - Aston Martin, the British luxury car manufacturer, has lowered its profit expectations for the year due to U.S. tariffs and weak demand in the Asia-Pacific region, leading to a review of its cost and capital expenditure plans [1] Financial Performance - The company anticipates that its adjusted earnings before interest and taxes (EBIT) for the year will fall below the lower end of market consensus, which is a loss of £110 million (approximately $148.3 million) [1] - The downward revision reflects a decline in sales and pressure on the gross margin per vehicle, marking another adjustment following a previous downgrade in guidance during the summer [1] Market Conditions - Weak demand in the Asia-Pacific region and the impact of U.S. tariffs have significantly affected the company's sales performance [1] - The company no longer expects to achieve positive free cash flow in the second half of the year [1]