新华财经上海2月12日电（李一帆） 近日，上汽集团发布1月销量数据，单月实现整车批售32.7万辆，同比增长23.9%；终端零售量达到36.3万辆，批发、零 售销量规模双双领跑国内汽车行业。同时，上汽也是1月份国内唯一一家整车销量突破30万辆的汽车企业。 在汽车行业竞争持续激烈的环境下，上汽延续了2025年全年销量两位数增长的势头，实现"开门红"。其市场表现也印证了近年来战略转型的成功。 近两年，上汽集团持续深化改革，围绕整车业务、技术创新、跨界合作与海外经营等多板块协同发展，逐步形成具有明确技术标签的车型矩阵，创新产品获 市场认可，经营质量与品牌形象同步提升。这一发展路径也为中国传统大型制造业的转型升级提供了改革范式。 三大板块协同发力，上汽集团实现2026"开门红" 转自：新华财经 1月销量数据显示，在持续改革的推动下，上汽集团不仅延续了2025年全年增长态势，业务结构更呈现显著提升。其中，自主品牌与新能源汽车成为拉动增 长的主要动力，海外市场也延续了快速扩张的态势。 自主品牌正成为上汽增长、向新向上的核心引擎。1月，包括荣威、MG、智己、五菱等在内的自主板块整体销量达21.4万辆，同比大幅增长39.6%， ...

总有一个春天，为你而来。这是理想主义者的浪漫情怀。 但这句话用在MG品牌身上，却一点也不违和。 在极度内卷的国内车市，一个被中国人收购的欧洲品牌，用20年时间，向下扎根，向上生长，长出了"墙里墙外都芬芳"的美好模样。 2025，是MG一段拨云见日、重拾荣光的征途。在全球汽车产业深度重构、国内市场竞争白热化的激流中，MG以一场酣畅淋漓的"技术逆行"，实现了用 户口碑与市场销量的双重回升。 这一年，MG在欧洲市场销量突破30万辆大关，连续11年蝉联中国汽车品牌欧洲销量冠军。智能电动创新技术的持续赋能，让中国汽车品牌在"世界汽车 发源地"成功跻身主流阵营。2026年1月，MG品牌在欧洲交付近2.6万辆，同比增长约15%，依然延续强势表现。 对这个"长"在上汽集团总裁心里的品牌，在1月26日举办的上汽集团旗下荣威与MG双品牌经销商大会上，上汽集团发誓要把最好的技术家底，全部掏出 来，让MG的每款产品都有绝对实力，进入细分市场前三。 在国内市场，1–11月销量强势超越2024全年，全新MG4上市4个月，销量连续破万，11月、12月实车交付突破1.3万。MG品牌这一路高歌猛进，不仅依靠 全国530家销售服务门店、95%城 ...

Core Viewpoint - The article discusses the significant decline in the growth rate of plug-in hybrid vehicles (PHEVs) in the Chinese automotive market, highlighting the competitive pressure from pure electric vehicles (EVs) and the changing consumer preferences that have led to this shift [4][6][7]. Group 1: Market Trends - In 2025, the growth rate of PHEVs dropped to 8.8%, with range-extended vehicles seeing a mere 6% increase, marking the first instance of consecutive monthly declines in this segment [6][7]. - The penetration rate of PHEVs in the new energy vehicle market surged from 17% in 2021 to 40% in 2024, but the market dynamics shifted dramatically in 2025 [4][6]. - The average price of pure electric vehicles fell by 15% from 168,000 yuan in 2024 to 143,000 yuan in 2025, while mainstream PHEVs remained in the 150,000 to 180,000 yuan range, erasing the price advantage previously held by PHEVs [11]. Group 2: Consumer Behavior - The average range of pure electric vehicles exceeded 528 kilometers in 2025, with many mainstream models surpassing 600 kilometers, significantly reducing consumer anxiety regarding range [15]. - The rapid development of charging infrastructure, with a car-to-charging station ratio of 2.5:1 and a total of 20.09 million charging facilities by the end of 2025, has made pure electric vehicles a more reliable choice for consumers [15]. - Consumers are increasingly viewing pure electric vehicles as a dependable option, leading to a decline in the perceived necessity of PHEVs, which were initially chosen to alleviate range anxiety [15][19]. Group 3: Technological Shifts - PHEVs are experiencing a shift towards larger battery capacities and faster charging solutions, with many manufacturers adopting battery sizes exceeding 60 kWh to enhance their appeal [27][29]. - The introduction of 800V high-voltage platforms and ultra-fast charging technologies is becoming standard, allowing for significant improvements in charging efficiency [15][27]. - The trend of integrating larger batteries into PHEVs is raising production costs, which could undermine their competitive pricing advantage [32][35]. Group 4: Regulatory Environment - New regulations set to take effect in 2026 will tighten the eligibility criteria for tax exemptions for PHEVs, making it more challenging for lower-end models to compete [39][40]. - The shift from a "universal" tax exemption policy to one that favors stronger models will further complicate the market landscape for PHEVs [37][41]. Group 5: Future Outlook - Despite the current challenges, the article suggests that PHEVs will maintain a significant market share, with a projected penetration rate of 36% in 2025, corresponding to 4.669 million units [51]. - The global market for PHEVs is expected to grow, with predictions indicating that their growth rates will surpass those of pure electric vehicles in the coming years [60][66]. - The unique energy structure and market conditions in China suggest that PHEVs will continue to play a crucial role in the automotive landscape, particularly in regions with less developed charging infrastructure [52][54].

Core Insights - SAIC Motor Corporation reported a total vehicle wholesale of 327,000 units in January, representing a year-on-year increase of 23.9%, with retail sales reaching 363,000 units [1] - The main highlights of SAIC's performance in January include the rise in sales of its own brands, stable growth in new energy vehicle (NEV) sales, and continued expansion in overseas markets [1] Domestic Sales Performance - In January, SAIC's own brand sales (including SAIC-GM-Wuling) reached 214,000 units, up 39.6% year-on-year [3] - SAIC Passenger Vehicles (including Roewe and MG brands) sold 77,000 units, marking a 53.8% increase; SAIC Maxus sold 18,000 units, up 18.2%; and SAIC-GM-Wuling sold 105,000 units, an increase of 37% [3] Joint Venture Performance - SAIC-GM's sales in January were 44,000 units, reflecting a year-on-year increase of 29.3%, while SAIC Volkswagen's sales were 68,000 units, showing a decline of 9% [4] Commercial Vehicle Sales - SAIC's commercial vehicle sales reached 20,400 units, up 21% year-on-year, with domestic sales at 11,100 units (up 28%) and overseas sales at 9,373 units (up 14%) [5] Market Share and Brand Performance - The share of SAIC's own brands (including SAIC-GM-Wuling) accounted for 65.3% of total sales, an increase of 7.3 percentage points compared to the same period last year, making it the main growth driver for the company [5] - SAIC-GM-Wuling's sales nearly accounted for half of the own brand sales, indicating strong penetration in the mainstream market [5] New Energy Vehicle Sales - SAIC's NEV sales reached 85,000 units in January, a year-on-year increase of 39.7% [9] - New models such as MG4, the new generation Zhiji LS6, and others were launched in the second half of last year, contributing to the growth in NEV sales [9] Overseas Market Expansion - The overseas market has become a new growth driver for SAIC, with sales reaching 105,000 units in January, up 51.7% year-on-year [10] - MG delivered nearly 26,000 units in Europe in January, reflecting a growth of approximately 15% [10] Global Strategy - SAIC announced its "Glocal 3.0" strategy, focusing on value creation and standard output, aiming for a full industry chain overseas [13] - The company has established multiple innovation and design centers globally, along with extensive marketing and service networks [13] Future Product Launches - Looking ahead to 2026, SAIC plans to continue launching new products across its brands, covering a wide range of market segments from mainstream sedans to luxury vehicles [14][15] - The company aims to focus on electrification, intelligence, and high-end technology to reclaim its position as the top seller in the Chinese automotive market by 2025 [18]

Group 1 - The core focus of the news is the development of the Jiangbei New District's intelligent manufacturing industry park, which aims to leverage the "Air-Rail Intelligent Manufacturing Corridor" to enhance regional economic growth and industrial integration [1][2] - The intelligent manufacturing industry park has set ambitious targets, including achieving an industrial output value of 52.25 billion yuan by 2025, positioning itself among the top key parks in the city [2][3] - The park's strategic plan includes the establishment of a "6+2" industrial track, focusing on six main sectors such as new energy vehicles and aerospace, along with two sub-sectors, to drive innovation and competitiveness [2] Group 2 - Companies within the park, such as Nanjing Automobile Group, are setting production targets to exceed 300,000 units for vehicles, engines, and batteries by 2026, indicating a strong commitment to project development and innovation [3] - The park is also focusing on the drone industry, with plans to establish a leading research and manufacturing base capable of delivering 300 medium to large drones and 590 small drones annually [3] - The construction of the Nanjing North Station is progressing, which will serve as a key transportation hub, enhancing the region's connectivity and economic potential [3]

Core Insights - The European automotive market is experiencing a significant shift, with battery electric vehicles (BEVs) achieving a market share of 22.6% in December 2025, surpassing traditional gasoline vehicles at 22.5% [1] - Chinese automakers are no longer distant players but are aggressively entering the European market, aiming to capitalize on the transition to electric vehicles [1][2] - The competition is intensifying as Chinese companies invest heavily in Europe, with a focus on scaling operations before traditional giants adapt to the changing landscape [1] Market Performance - In 2025, new car registrations in Europe reached 13.3 million, with a modest growth rate of 2.3%. Chinese automakers saw a remarkable performance, with sales exceeding 100,000 units for the first time, achieving a year-on-year growth of 127% [3] - Chinese brands captured a market share of 9.5%, up from 4.5% in the previous year, indicating that one in ten new cars sold in Europe has Chinese origins [3] Company Strategies - BYD's sales in Europe surged from 49,000 units in 2024 to 186,600 units in 2025, marking a 276% increase. The company is focusing on local partnerships and expanding its sales network [5] - SAIC's MG brand achieved sales of 307,282 units in Europe in 2025, leveraging localized operations and design to position itself as a high-value local brand [5] - Leap Motor emerged as a significant player, with sales skyrocketing from 771 units to 22,077 units, utilizing existing global channels for rapid expansion [6] Localization Efforts - Chinese automakers are accelerating localization, with companies like Leap Motor and BYD establishing local production facilities to reduce costs and enhance competitiveness [8] - BYD plans to double its sales outlets in Europe to 2,000 by the end of 2026, while Chery aims for over 80% localization in its Barcelona facility by 2026 [8] Future Outlook - The year 2026 is projected to be a pivotal moment for the Chinese automotive industry, with expectations of valuation recovery driven by high export growth and profitability from overseas markets [9] - The average profit per vehicle in overseas markets is estimated to be 2-3 times higher than in the domestic market, with overseas gross margins surpassing domestic ones in some cases [10] - Chinese brands are transitioning from merely selling cars to providing comprehensive solutions for smart, green, and efficient mobility, becoming integral to the European automotive landscape [11]

【文/观察者网 熊超然】提起MG这个汽车品牌，可谓历史悠久，它于一个多世纪前在牛津创立，曾拥 有从"猫王"埃尔维斯·普雷斯利到英国国王查尔斯三世等众多拥趸。然而，进入21世纪，这个英国品牌 开始走下坡路，最终导致MG罗孚集团（MG Rover）破产。 2005年，该品牌被南京汽车集团收购，后者后来又被中国国有企业上海汽车集团股份有限公司（上汽集 团，SAIC）收购，并将生产线逐步从英国长桥转移到中国。此后，MG名爵成为了上汽集团旗下一个响 亮的自主品牌。 英国《金融时报》当地时间1月27日撰文指出，自那以后，MG便开启了复兴之路，如今在上汽集团旗 下重获新生。去年，英国消费者对MG汽车的需求量激增，甚至导致库存告罄，这也巩固了其作为英国 十大畅销品牌中唯一一个中国所有品牌的地位。 "我们现在真的没车可卖了，我以前从未遇到过这种情况。"上汽英国公司商务总监盖伊·皮古纳基斯 （Guy Pigounakis）说道。 在曾任职于MG罗孚和韩国现代汽车的皮古纳基斯的领导下，MG正努力将其中国所有者的财务、制造 和技术资源优势与其英国传统相结合。 该公司一名前员工说："人们对这个品牌并不十分看好，但我认为，他们已经设法让 ...

Core Insights - The article highlights the transformation of the Chinese automotive industry, particularly focusing on SAIC Motor Corporation's impressive performance and strategic shift towards high-quality development [2][4][6]. Sales Performance - In 2025, SAIC is projected to sell 4.507 million vehicles, a year-on-year increase of 12.3%, with retail sales reaching 4.67 million units [4]. - The sales of new energy vehicles (NEVs) are expected to reach 1.643 million units, marking a significant year-on-year growth of 33.1% [4]. - Overseas sales are anticipated to be 1.071 million units, reflecting a 3.1% increase compared to the previous year [4]. Profitability - SAIC forecasts a net profit attributable to shareholders of 9 to 11 billion yuan, representing a staggering year-on-year increase of 438% to 558% [6]. - The non-recurring net profit is expected to be between 7 to 8.2 billion yuan, showing a growth of 229% to 251% year-on-year [6]. Strategic Transformation - The company has undergone a strategic overhaul, shifting from a scale expansion model to a value creation approach, focusing on comprehensive reforms to unlock structural benefits [6][7]. - SAIC has broken down traditional departmental barriers, creating a more agile and efficient operational system that enhances user demand responsiveness [7]. Technological Investment - Over the years, SAIC has invested more than 150 billion yuan in electrification and intelligence, resulting in nearly 26,000 effective patents and a robust technical framework covering electric, hybrid, and hydrogen vehicles [11]. - The company has developed advanced technologies such as the DMH engine, achieving a thermal efficiency of 46.3%, and has introduced innovative battery technologies [14]. Product Strategy - SAIC's product strategy emphasizes a user-centric approach, moving from a manufacturing giant to a user-oriented enterprise, with a focus on creating a diverse product lineup that meets various market segments [17]. - The successful launch of models like the Zhiji LS6 and LS9 demonstrates the effectiveness of this strategy, with significant sales growth and market penetration [18]. Ecosystem Collaboration - The company is actively building an ecosystem that enhances user experience through collaborations with tech firms like Huawei and Momenta, integrating cutting-edge technologies into its products [19]. - This collaborative approach aims to provide comprehensive smart mobility solutions, enhancing the overall value proposition for users [19]. Marketing Innovation - SAIC has reformed its marketing strategies to improve direct engagement with consumers, utilizing innovative methods such as pop-up stores and real-time feedback collection to enhance product development [20]. - The marketing efforts for models like the MG4 and Zhiji LS6 focus on translating complex technologies into relatable benefits for consumers, fostering emotional connections with the brand [20]. Future Outlook - Looking ahead, SAIC aims to solidify its position as a leader in the global smart electric vehicle market, continuing to deepen reforms and accelerate technological advancements [21]. - The company's transformation journey serves as a valuable example for traditional automotive giants seeking sustainable growth through self-innovation and user-centric strategies [21].

Core Insights - MG has experienced a significant transformation in 2025, achieving a year-on-year sales growth of over 59%, with its new energy vehicles (NEVs) surging by 476%, becoming the main driver of this growth [1][14] - The launch of the new MG4 has been pivotal, with monthly sales exceeding 10,000 units for four consecutive months and total orders surpassing 80,000, establishing MG as a leader in the 100,000-level pure electric vehicle segment [1][12] Sales Performance - MG's domestic sales reached 116,000 units by November 2025, surpassing the total sales for the entire year of 2024 [10] - In the European market, MG's sales exceeded Tesla for the first time, achieving 153,000 units in the first half of 2025, and total sales in Europe and the UK surpassed 300,000 units for the year [10] Product Innovation - The new MG4 features advanced technologies such as mass production of semi-solid batteries and an integrated battery and vehicle body design, addressing key consumer pain points with a range of over 400 kilometers at a price point of 70,000 [7][5] - The vehicle is equipped with high-end features typically found in more expensive models, including Qualcomm 8155 chips and advanced driving assistance systems, redefining standards in the pure electric hatchback market [7][9] Brand Positioning - MG has shifted from a reliance on traditional fuel vehicles to a focus on new energy vehicles, with NEV sales increasing significantly [14] - The brand has received multiple awards, including "China's Annual Top Ten Cars" and "Best-Selling New Energy Vehicle," reflecting high market recognition of its product value and reliability [14] Market Strategy - MG's approach to market competition has not relied on price wars but rather on meeting core consumer demands through a "technology equality" strategy, offering high-quality products at accessible prices [5] - The company has expanded its sales network to over 530 stores, covering 95% of cities, and has seen other brand dealers switch to MG, indicating strong market confidence [12] Future Outlook - As MG prepares for the new year, it has launched a 1 billion yuan promotional campaign to stimulate consumer demand, aiming to maintain its growth momentum [15] - The company faces the challenge of converting its current upward trajectory into sustained growth, which will be crucial for its future success [15]

Core Viewpoint - MG brand has launched the MG7, a fuel-powered coupe, with a starting price of 116,900 yuan, emphasizing the importance of fuel vehicles alongside electric models in their future strategy [1][3]. Group 1: Product Features and Innovations - MG7 features "full standard configuration," including frameless doors, a fastback design, dual exhausts, and a three-stage electric tail wing, which are typically optional in luxury models [1]. - The MG7 is equipped with advanced intelligent driving assistance systems, including highway NOA and smart parking, addressing the perception that fuel vehicles lack intelligence [2]. - The new MG7 includes a Qualcomm 8155 chip and offers full-scene vehicle connectivity, Android ecosystem applications, and AI capabilities, ensuring continuous smart upgrades for all models [2][5]. Group 2: Market Strategy and Positioning - MG brand maintains a dual strategy of fuel and electric vehicles, responding to market demands where fuel vehicles still hold over 70% of global sales, especially in regions with unique climate and road conditions [3][4]. - The established supply chain and manufacturing capabilities in fuel vehicles provide cost advantages and support for the development of new energy models [3]. - The technological foundation built in the fuel vehicle sector is crucial for developing high-quality new energy products, as seen in the reliability and efficiency of MG's hybrid models [4]. Group 3: Sales Performance and Growth - Since the launch of the MG4, the brand has seen significant growth, with the MG4 selling over 10,000 units for four consecutive months and expanding its sales network to 530 locations by the end of 2025 [6]. - MG has achieved over 300,000 sales in Europe in 2025, maintaining its position as the top-selling Chinese brand in the region for 11 consecutive years [6]. - The MG7 has also performed well in markets like Australia, showcasing the brand's commitment to both fuel and electric vehicle segments during the transition in the automotive industry [6][7]. Group 4: Brand Philosophy and Future Outlook - MG's brand philosophy emphasizes a "young" spirit, focusing on innovation and a vibrant lifestyle, which is reflected in their product offerings [7]. - The upcoming global launch of the MG4 is expected to further showcase MG's technological capabilities and commitment to innovation [7].