1.【FF董事会批准五年产销40万-50万辆汽车商业计划】法拉第未来宣布，FX Super one首批车下 线仪式将于美国时间12月21日在汉福德工厂举行。首批下线的Super One预量产车所需的全部零件 已经到齐，每辆单车包含近3000个零部件，明天将正式启动生产。该公司董事会已正式批准包括产 销40万-50万辆在内的FF与FX的未来五年商业计划，基于融资的顺利推进、战略合作伙伴的支持及 更多协议的签署等前提条件。（同花顺） 4.【小鹏汇天新专利获授权，可解决飞行车辆控制效率低的问题】近日，广东汇天航空航天科技有限 公司申请的"飞行车辆的控制方法、系统、飞行车辆和计算机程序产品"专利获授权。专利摘要显示， 本发明公开了一种飞行车辆的控制方法、系统、飞行车辆和计算机程序产品。其中，飞行车辆上部署 有增程器、曲轴和气缸，曲轴和气缸共同用于为增程器提供动力源，该方法包括：在增程器启动的过 程中，采集飞行车辆的曲轴位置信号和气缸点火信号，其中，曲轴位置信号用于表示曲轴的旋转位 置，气缸点火信号用于表示气缸的点火信号；基于曲轴位置信号和气缸点火信号，确定增程器的点火 角；基于点火角，触发调整增程器的第一振动信号；基 ...

Core Viewpoint - The Chinese automotive industry is facing a significant downturn, with 2026 expected to be one of the most challenging years in its history due to declining sales and market conditions [5][37]. Group 1: Market Performance - Retail sales of passenger cars in China saw a 15% year-on-year increase earlier this year, but growth has rapidly declined since July, with October experiencing an overall negative growth [7][39]. - In November, daily retail sales averaged 4.6 million units, down 19% year-on-year in the first week, and 6.7 million units, down 9% in the second week [8][39]. - Major automakers are struggling to meet their sales targets, with only a few smaller new players achieving their goals by November [8][40]. Group 2: Industry Challenges - The automotive industry is transitioning from subsidy-driven growth to competition based on real demand and efficiency, indicating a significant shift in market dynamics [40][41]. - The impact of subsidies is diminishing, with over 50% of sales in 2025 attributed to trade-in programs, highlighting a reliance on government incentives [9][41]. - The market is experiencing a "strategic waiting" phase among consumers, leading to a decline in new orders as buyers anticipate better deals [15][48]. Group 3: Future Outlook - The expected decline in new energy vehicle purchase tax incentives in 2026 is anticipated to further exacerbate market challenges [15][47]. - The penetration rate of new energy vehicles is slowing, with a notable drop in total retail volume despite high growth rates in percentage terms [15][47]. - The industry is likely to undergo a significant restructuring, with weaker companies facing exit from the market, marking a shift from scale expansion to value competition [32][65]. Group 4: Technological Developments - The automotive sector is exploring various technological advancements, including smart driving and battery innovations, but progress varies across different areas [51][54]. - The introduction of solid-state batteries and centralized computing is underway, but widespread adoption is not expected until 2026 or later [54][55]. - The smart driving sector is experiencing a technological leap, with new models expected to enhance user trust and influence purchasing decisions in 2026 [57][60].

Core Insights - The automotive industry is experiencing a surge in promotional activities during the "May Day" holiday, with various companies offering significant discounts and incentives to boost sales [1][2][3] - The government's "trade-in" policy is having a notable impact, with increased consumer interest in replacing old vehicles, leading to higher sales figures [3][4] - The Shanghai Auto Show showcased a record number of vehicles, with a strong emphasis on new energy vehicles, further stimulating consumer interest and sales [4][5] Promotional Activities - Companies are offering diverse promotional strategies, including cash discounts, free auxiliary driving system usage, and additional perks like car refrigerators [1][2] - Specific examples include Xiaomi's SU7 with a six-month delivery period and Zeekr's 007 GT with discounts up to 56,200 yuan [2] - Traditional automakers like Great Wall Motors are also enhancing their direct sales presence in popular shopping areas, offering at least 20,000 yuan off per vehicle [2] Government Policies - The government has doubled its support for the "trade-in" program to 300 billion yuan, significantly boosting consumer confidence and sales [3] - As of late April, over 2.81 million vehicles have been traded in under this program, indicating strong consumer engagement [3] - Experts predict that the ongoing "trade-in" policies will lead to over 2 million new vehicle purchases this year [4] New Product Launches - The automotive market is witnessing a wave of new product launches, with companies like NIO and Zeekr introducing multiple new models [4][5] - NIO plans to deliver nine new models this year, with significant launches occurring during the Shanghai Auto Show [5] - Traditional manufacturers are also releasing new models, such as Dongfeng's new vehicles, indicating a competitive market landscape [5]