Domestic News - The world's first mandatory standard for electric vehicle energy consumption will be implemented starting January 1, 2026, with an approximately 11% stricter limit compared to the previous recommended standard, requiring new vehicles to achieve a maximum energy consumption of 15.1 kWh per 100 km for models around 2 tons, leading to an average increase of about 7% in driving range [2] - Zhejiang province will end the free highway access policy for local small passenger cars starting January 1, 2026, which has been in place for over five years, allowing free access only during four national holidays [3] - Zhiji Auto celebrated its fifth anniversary and plans to mass-produce L3 level assisted driving technology in 2026, having achieved profitability for the first time in December 2025 [4] - GAC Aion has begun R&D testing for L3 conditional autonomous driving on highways, with a maximum testing speed of 120 km/h, making it one of the few approved projects for such testing in China [5] - Chery plans to build the largest automotive factory in Southeast Asia in Vietnam by 2026, with an investment of up to $800 million and an initial production capacity of 30,000 to 60,000 vehicles per year, aiming to expand to 200,000 vehicles in the future [7] - Pursuit Technology has established seven wholly-owned subsidiaries focused on automotive parts R&D and manufacturing, with plans to unveil its first vehicle in 2027 [8] - Dong'an Power successfully ignited its new generation hybrid engine M15NTH, which meets the latest emission standards [9] - CATL signed a five-year supply contract with South Korean electrolyte manufacturer Enchem for a total of 350,000 tons of electrolyte, equivalent to approximately 7,000 tons per year, marking the largest single customer order in Enchem's history [10] International News - U.S. new car sales are projected to reach approximately 16 million units in 2026, maintaining stability despite ongoing pressures on purchasing costs [11] - Hyundai's CEO has committed to fully support the R&D of autonomous driving technology within its subsidiary, 42dot [12] - Tesla's Full Self-Driving (FSD) system in South Korea has accumulated over 1 million kilometers of driving distance within a month [13] - Waymo is testing the integration of Google's Gemini AI assistant into its autonomous taxis to enhance passenger experience [14] Commercial Vehicles - Jinbei Auto signed a memorandum of understanding with E-Works to establish R&D centers in both China and Germany, aiming to enhance competitiveness in the electric light commercial vehicle market [15][16] - SANY's project on key technologies for electric unmanned mining vehicles has been included in a provincial key technology plan in Shaanxi, receiving provincial funding support [17] - FAW Liberation received the first carbon footprint certificate for commercial vehicles from the China Quality Certification Center, marking a significant achievement in lifecycle carbon footprint management [18] - Chery Commercial Vehicles delivered 100 "Electric Qilin" battery swap tractors to logistics partners, emphasizing the shift towards electric heavy-duty trucks in resource transportation [19]

国内新闻 国际新闻 特斯拉FSD落地韩国一个月累计行驶里程突破100万公里 商务部坚决反对美对华半导体产品加征301关税，已提出严正交涉 12月25日，商务部新闻发言人何咏前在回答关于美宣布对部分中国半导体产品加征301关税的有关提问时说，中方注意到有 关情况，已通过中美经贸磋商机制向美方提出严正交涉。中方不认同美方301调查的所谓结论，坚决反对美对华半导体产品加征 301关税。 国家发改委：健全自动驾驶有关法规 12月25日，国家发展改革委基础设施发展司通过"国家发展改革委"微信号发布题为《加快构建现代化基础设施体系》的文 章。文章提到，加快推动交通运输法等制修订，健全自动驾驶有关法规。文章还指出要有序发展低空经济、枢纽经济、通道经 济，培育邮轮游艇、汽车营地等体验经济。 行业首批汽车智能底盘实测研究报告发布 12月25日，行业内首批汽车智能底盘实测研究报告在重庆发布。中国汽车工程研究院选取10余款市场主流车型，设计了13 类测试工况，包括"弯道爆胎"、"十字路口过弯抗滑干扰"、"对开坡道起步"等场景，并设置了20多项关键指标进行了全面测评。 目前测试完整名单暂未公布，但仰望U7、蔚来ES8以及智界R7分别 ...

Domestic News - In November, the manufacturing PMI was reported at 49.2%, an increase of 0.2 percentage points from the previous month, indicating an improvement in economic conditions [2] - Large enterprises had a PMI of 49.3%, down 0.6 percentage points from last month, while medium and small enterprises reported PMIs of 48.9% and 49.1%, respectively, with increases of 0.2 and 2.0 percentage points, both remaining below the critical point [2] Industry News - The 23rd Guangzhou International Auto Show attracted 855,000 visitors, featuring 93 new car launches and a total of 1,085 vehicles on display, with 629 of them being new energy vehicles, accounting for 58% of the total [4] - A meeting on the standardization of power battery recycling was held in Ningde, emphasizing the importance of establishing a standardized system to support the high-quality development of the new energy industry and promote a green and low-carbon transformation of manufacturing [3] International News - Volkswagen Group appointed Ludwig Fazel as the new head of group strategy, effective December 1, 2025, who will report directly to the CEO [5] - Hyundai Motor Group announced a new collaboration with Michelin to accelerate the development of next-generation tire technology, continuing their previous partnerships [6] - Tesla's FSD testing in Spain has progressed, with the country becoming a key hub for testing under the ES-AV plan, allowing for remote monitoring and expanding the fleet of vehicles authorized for public road testing [7] - The UK saw a significant decline in vehicle production in October, with a 30.9% year-on-year drop to 62,116 units, including a 23.8% decrease in passenger car production [8] Company News - Mahindra launched a new seven-seat electric SUV, the XEV 9S, priced at approximately 2 million Indian Rupees (around 158,300 RMB), aiming to capture a larger market share in India's electric vehicle sector [11] - Genesis confirmed the production of its first mid-engine supercar, the Magma GT, and plans to introduce a full range of derivative models to compete with the Porsche 911 [12] - Xiaomi Auto announced the opening of 17 new stores in November, bringing the total to 441 across 131 cities, with plans for 36 more stores in December [14] - Li Auto entered the Russian market with the official pricing of its L6, L7, and L9 series models, ranging from 626,000 to 862,000 RMB, in collaboration with a local partner for sales and service [15] - Ganfeng Lithium announced plans to issue $100 million in exchangeable notes to the African Development Fund, which can be converted into preferred shares of its subsidiary [16]

Group 1 - Zhipu AI confirmed that its organizational adjustments involved over ten personnel, with a focus on the MaaS strategic transformation, despite rumors of a significant department dissolution [1] - Sam's Club in Shanghai was fined for selling substandard products, including FILA scooters and children's items, totaling approximately 0.8 million and 1.1 million yuan respectively [1] Group 2 - Good Products announced the termination of a share transfer agreement with Wuhan Yangtze International Trade Group, meaning the state-owned asset management's entry into the company has failed [4] - Alibaba and Ant Group jointly invested 9.25 billion yuan to establish their Hong Kong headquarters, aiming to expand international business [4] - Nvidia's CEO stated that the company's market share in China's high-end chip market has dropped from 95% to 0% due to U.S. export controls, calling the technology blockade a mistake [4] Group 3 - WeChat clarified that it will not implement a visitor feature for Moments to avoid increasing social pressure, and there will be no second editing function for historical posts [8] - NIO responded to a lawsuit from Singapore's sovereign fund, stating it originated from previous unfounded allegations and that an independent investigation had cleared the company [8] Group 4 - Tesla updated the expected delivery date for the Model Y L to December 2025, allowing for orders to be placed before the end of the year [9] - Ele.me announced a stock buyback plan for employees, allowing them to exchange options for cash or Alibaba Group shares at a price of 36 yuan per share [9] Group 5 - Xiaoma Zhixing passed the Hong Kong Stock Exchange hearing, with projected revenue growth of 43.3% in the first half of 2025, driven by a significant increase in Robotaxi business [12] - Aishi Technology completed a 100 million yuan B+ round financing, with a user base of 100 million and an annual recurring revenue exceeding 40 million USD [13] Group 6 - The third-generation Lynk & Co 03 family was launched with prices starting at 10.38 million yuan, featuring advanced driving assistance technology [18] - Meituan announced the open-sourcing of its LongCat-Audio-Codec, providing a comprehensive toolchain for audio signal processing [20] Group 7 - The Chinese television market saw a decline in brand unit shipments, with a reported 727 million units shipped in Q3 2025, a year-on-year decrease of 10.4% [20] - Morgan Stanley predicts that the flying car industry will create a market size of 300 billion USD by 2030, with China potentially becoming the largest market for low-altitude urban transportation [20]