2025年刚迈过去，这一年发生了很多事，专研产品及技术的零跑很少露面，却能作出斐然的成绩，2024年创始人IP盛行一时，如今却遭受舆论旋涡，此 外，"降价+内卷"依旧是汽车行业的主旋律，BBA大降价促销，特斯拉销量下滑，这风云变幻的市场格局剑指国产新能源崛起。 智通财经APP了解到，汽车行业陆续公布了这一年的销量，整体格局稳定，比亚迪仍一家独大，而局部市场份额有所变动，零跑成为最大的新势力黑马，但 几家欢喜几家愁，部分传统合资品牌销量步入熊路。 根据各大车企公布的销量，比亚迪以460.24万辆销量稳居第一，在新能源汽车上月销处于遥遥领先的地位，零跑以59.7万辆成为新势力的榜首，月销自2025 年3月以来持续霸榜，且已连续9个月销冠。此外，以鸿蒙智行及小米汽车为代表的异军突起，销量在新势力中均脱颖而出。 这销量数据的背后，是产品力及营销力等多维度要素的综合体现，然而根据乘联会，前11月新能源零售渗透率已超过50%，在高基数下增速趋于放缓趋势， 市场蛋糕也越来越小，"三大预期"成为车企在"决赛圈"的制胜关键。 喜忧参半，行业格局趋于稳定 智通财经APP了解到，从12月份销量整体看，各大车企喜忧参半，一方面新势力 ...

随着搭载L3级自动驾驶的长安深蓝汽车启用正式号牌并规模化上路通行，2025年最后一天的晚高峰， 新京报贝壳财经记者在重庆乘坐体验了L3级自动驾驶。这座被长江、嘉陵江与平行岭谷切割出的"8D魔 幻城市"，层层立交与密集桥梁构成多维交通网。这正是工信部选择在重庆试点L3级自动驾驶的原因之 一，聚焦拥堵场景，以积累更多驾驶数据。30分钟下来，车辆行驶平顺，系统接管顺畅，乘坐舒适感与 普通家用车时没有什么差别。 ...

Core Viewpoint - The article discusses the challenges and opportunities for Chinese automotive companies as they expand into international markets, particularly Europe, emphasizing the need for compliance with stringent regulations and effective brand building [1][4]. Group 1: Export Performance and Trends - In 2025, China's automotive exports are projected to reach 8 million units, driven primarily by a 62% increase in new energy vehicle exports, totaling 3.01 million units [2]. - The export landscape is shifting, with Chinese automakers aggressively targeting Europe while also expanding into emerging markets [2][6]. - The growth engine for exports is transitioning from pure electric vehicles to hybrid models, which are gaining traction in response to high tariffs on electric vehicles [6]. Group 2: Strategic Shifts and Innovations - Chinese automotive companies are increasingly focusing on local production and resource integration in overseas markets, moving from merely exporting vehicles to establishing local manufacturing capabilities [6][8]. - The trend of "collaborative globalization" is emerging, with companies like BYD and CATL establishing production facilities abroad, indicating a shift towards a more integrated global supply chain [8]. - The automotive industry is witnessing a significant transformation, with a focus on technology output and the establishment of new standards in global markets [7][8]. Group 3: Future Challenges and Compliance - By 2026, the European market will present significant compliance challenges for Chinese automotive companies, with new regulations on materials, safety, and environmental standards set to be implemented [11][12]. - The need for brand reputation management will become critical as Chinese brands enter the European market, with a focus on sustainability and service continuity [12]. - Companies are exploring innovative models to mitigate risks associated with entering the European market, including partnerships with local suppliers and research institutions [12].

2025年12月底，乘联会（中国汽车流通协会乘用车市场信息联席分会）发布的"汽车出口好于预期"的结 论让业界松了一口气。数据显示，虽然出口壁垒不断增加，但2025年的中国汽车出口依然强劲。 据乘联会统计，2025年1至11月汽车累计出口量为733万辆，同比增长25.7%，这一增长主要由新能源车 出口驱动，其出口量同比增长62%至301万辆。乘联会预测，全年汽车出口将达到800万辆。这一数字已 经让欧洲和日本感受到"中国汽车难以阻挡"的现实。这一表现也高于2025年初预测：考虑到俄罗斯市场 政策调整带来的下滑，以及欧洲市场面临的关税压力，当时预测2025年汽车出口增长率为10%，勉强维 持两位数增幅。 与出口规模稳步增长相比，2025年更具风向标意义的变化是出口市场有了新格局，及出口模式的创新。 在出口地区上，中国车企呈现出一边强攻欧洲，一边快速布局新兴市场的趋势。在出口模式上，中国汽 车出口从整车企业出口升级至供应链出海，从产品出口贸易变为产能、技术和服务的本土化，从直接投 资产能变为更多的整合当地资源。 2025年：超出预期的应变能力 2025年，全球贸易在地缘政治的复杂博弈中充满不确定性，汽车业首当其冲成 ...

Core Viewpoint - The introduction of L3-level conditional autonomous driving vehicles in China is still in the exploratory phase, focusing more on B-end applications rather than C-end consumer sales [2][5]. Group 1: L3-Level Autonomous Driving Development - Deep Blue Automotive has been granted the first L3-level autonomous driving license in China, marking a significant milestone in the industry [2]. - The company has received the first official L3-level autonomous driving license plate "渝AD0001Z" and is one of only two companies to obtain product approval for L3-level vehicles [2]. - The L3-level vehicles are currently required to have a certified driver present, indicating that full autonomy is not yet available for consumers [2]. Group 2: Technical and Regulatory Challenges - The L3-level vehicles are allowed to operate at a maximum speed of 50 km/h in congested traffic, as opposed to 80 km/h for competitors, to gather data for future applications [3]. - The responsibility for accidents involving L3-level vehicles will be complex, potentially involving the driver, the manufacturer, and the autonomous system supplier [4]. - The transition from L2 to L3-level driving will necessitate significant updates to insurance and traffic regulations to clarify liability [4]. Group 3: Cost and Market Readiness - The cost of L3-level autonomous driving systems is expected to increase due to the need for additional software and hardware redundancy [5]. - The company aims to keep the cost increase for the next generation of L3-level vehicles within 30,000 yuan, with hopes that mass production will reduce costs further [6]. - Deep Blue Automotive plans to launch its second-generation products by 2026 and aims to introduce 30 models by 2030, indicating a need for substantial funding [6][7]. Group 4: Financing and Future Outlook - Deep Blue Automotive has completed a C-round financing of 6.122 billion yuan to support the development of new technologies and enhance marketing capabilities [7]. - The company is currently at a critical juncture, needing to achieve a self-sustaining profit cycle within the next two to three years [7].

Core Viewpoint - The automotive industry is experiencing a divided attitude towards L3 autonomous driving technology, with some viewing it as a temporary phase while others recognize its importance for industry transformation and regulatory experience accumulation [2][8][15]. Group 1: L3 Autonomous Driving Development - The first batch of L3 autonomous vehicles is expected to be tested in specific areas of Beijing and Chongqing within a month [2]. - Industry leaders like Su Qing and He Xiaopeng suggest that L2 technology can efficiently transition to L4, potentially bypassing L3 altogether [4][8]. - The Chinese automotive industry association emphasizes that the implementation of L3 is crucial for the transformation of the automotive supply chain and regulatory experience [8][9]. Group 2: Industry Actions and Reactions - BAIC is one of the first companies to receive L3 approval, aiming to create a replicable operational model for nationwide deployment [9][10]. - Following the approval of L3 vehicles, other companies like Xiaomi and XPeng have shown interest in obtaining L3 testing licenses, although only two companies have received national-level approval [10]. - The launch of L3 vehicles is expected to significantly impact the automotive industry's ecosystem, including vehicle design, supply chain, and production models [15][16]. Group 3: Technical and Regulatory Considerations - The transition from L3 to L4 requires higher perception capabilities and complex decision-making in extreme scenarios [14][18]. - L3 is seen as a critical level for achieving fully autonomous driving, establishing a clear liability framework for accidents [15]. - The automotive industry must accumulate experience and refine systems at the L3 stage to meet the regulatory demands of higher-level autonomous driving [18].

（来源：中国电力新闻网） 转自：中国电力新闻网 2025年成为中国汽车产业转型的关键节点：新能源乘用车渗透率首次突破50%大关，标志着市场从"政 策驱动"全面转向"市场驱动"；与此同时，工信部正式发放首批 L3级有条件自动驾驶车型准入许可，宣 告自动驾驶从封闭测试迈入商业化应用新阶段。 这一数据的突破背后，是消费需求的结构性变革：增换购需求跃居核心驱动力，2025年换购比例预计超 60%，Z世代成为消费主力，70%的年轻消费者将智能驾驶功能列为购车核心考量因素，为自动驾驶技 术的规模化应用奠定了坚实的市场基础。 市场结构的优化进一步强化了新能源汽车的智能化基因。下沉市场成为新的增长引擎，三线及以下城市 新能源汽车销量增速高达61%，10-15万元大众价格区间成为市场主流，推动智能驾驶技术从高端车型 向平民化普及。 天眼查专业版数据显示，截至目前我国现存在业、存续状态的新能源汽车相关企业超164.2万家。其 中，2025年截至目前新增注册相关企业约30.4万余家，从企业注册数量趋势来看，近五年间，新能源汽 车相关企业的注册数量呈现出逐年增长的态势，并在2024年达到顶峰。 从区域分布来看，广东省、山东省、江苏省 ...

在全球化布局方面，智己汽车透露，2025年已顺利进入东南亚、欧洲及澳洲市场，海外订单量超出预 期。针对2026年的发展规划，内部信明确了"品牌向上+技术突围"的核心方向。在技术落地层面，智己 将加速线控底盘的量产落地，并推动L3级自动驾驶的规模化应用。同时，公司将持续完善产品矩阵， 进一步扩大海外市场布局，试图在"智能时代变革"的深水区确立竞争优势。 凤凰网科技讯 12月25日，在智己汽车成立五周年之际，联席CEO蒋峻与刘涛联名发布了一封内部信。 信中披露了公司在2025年的关键经营数据及未来战略规划。最引人关注的是，智己汽车宣布在12月首次 实现了品牌全成本口径盈利。智己汽车指出，公司已连续四个季度实现销量环比增长，并连续四个月达 成单月销量破万的成绩。 ...

今日，A股继续小幅上扬，上证指数连续6日收阳，深证成指、创业板指、科创50等也连续4日上涨。超 4100只个股上涨，市场成交微幅减少至1.9万亿元。 Wind实时监测数据显示，电子行业获得逾223亿元主力资金净流入，国防军工获得逾159亿元净流入， 电力设备获得逾125亿元净流入，机械设备获得逾81亿元净流入，计算机获得逾76亿元净流入，汽车、 基础化工、通信等板块均获得超30亿元净流入。银行遭主力资金净流出逾10亿元，有色金属、食品饮 料、农林牧渔等也净流出超亿元。 展望后市，太平洋证券指出，A股中创业板指表现最强，距离新高一步之遥，预计强者恒强的风格将持 续，跨年行情即将展开。预计此次跨年行情将以普涨的方式拉开帷幕，且考虑到各大股指期权的波动率 处于极低的位置，行情后续预计上涨的斜率将趋陡。板块选择上，科技和有色仍是主线有望获得超额收 益，弹性更大；大消费板块则随着政策定位的深化，有望成为新的补涨标的。 市场热点方面，国防军工产业链今日全面上攻，板块指数单边上扬，再创10年来新高。新劲刚、有研粉 材、新雷能等批量20%涨停，博云新材、直真科技等近30股也强势涨停或涨超10%。 | 复权 叠加 多股 统计 ...

智通财经APP获悉，智驾概念股多数走高，截至发稿，浙江世宝(01057)涨8.25%，报5.12港元；佑驾创 新(02431)涨5.25%，报14.23港元；黑芝麻智能(02533)涨2.02%，报19.68港元；禾赛-W(02525)涨1.2%， 报176.7港元。 此前，工信部公布了我国首批L3级有条件自动驾驶车型准入许可，分别为长安、北汽蓝谷两款车型。 交银国际指出，辅助驾驶功能已逐渐成为中国消费者购车决策的重要考量因素，部分车企已具备L3级 智驾方案和L3级车型量产能力。L3级自动驾驶法规的正式落地将成为2026年行业发展的关键催化剂， 值得重点跟踪。 消息面上，据央广网消息，12月23日，北京首批L3级高速公路自动驾驶车辆专用号牌，由市公安交管 局正式发放给北京出行汽车服务有限公司名下的3辆北汽极狐智能网联汽车，这也是国内首批发放的L3 级高速公路自动驾驶车辆专用号牌。标志着我国自动驾驶车辆已由测试示范进展到正式量产，率先开启 L3级自动驾驶时代。 ...