Core Insights - In 2025, Chinese automakers achieved a total global sales volume of 27 million vehicles, surpassing Japan for the first time in over 20 years, marking a significant milestone in the automotive industry [1] - Chinese automobile exports reached 8.32 million units in 2025, maintaining the title of the world's largest exporter for the third consecutive year, with Japan trailing at 4.21 million units [1] - Nine Chinese automakers have already set ambitious overseas sales targets for 2026, indicating confidence in continued growth in international markets [1][2] Group 1: Sales Performance - In 2025, Chery, SAIC, and BYD each exceeded 1 million units in overseas sales, with Chery selling 1.34 million units, representing nearly half of its total sales and a 17% increase year-on-year [3] - BYD's overseas sales surged by 145%, showcasing rapid growth from negligible figures to over 1 million units in just four years [3] - The overall export volume of Chinese automobiles grew by 29.9% in 2025, with December alone witnessing a remarkable 73.2% year-on-year increase, reaching 994,000 units [5] Group 2: Market Trends - The export of Chinese new energy vehicles (NEVs) reached 3.43 million units in 2025, a 70% increase, reflecting a growing global acceptance of electric vehicles [8] - In Europe, electric vehicles accounted for a record 19% of the market share in 2025, with Germany producing 1.67 million electric passenger cars, marking a 23% year-on-year growth [10] - Chinese brands are increasingly gaining traction in international markets, with significant sales growth in Australia and Europe, where they are becoming more competitive against traditional automakers [10][12] Group 3: Strategic Developments - Chinese automakers are expanding their presence in North America and Latin America, with Mexico becoming the largest market for Chinese car exports in 2025 [14] - Agreements with Canada allow Chinese companies to export electric vehicles at a reduced tariff rate, indicating a favorable trade environment [16] - The establishment of local supply chains and partnerships in various regions is a strategic move to enhance competitiveness and market penetration [16][17]

2月12日，重庆长安汽车股份有限公司发布关于公司董事、高级管理人员变更的公告。公告称，长安汽车董事会 收到董事张德勇提交的书面辞职报告。张德勇因工作变动，申请辞去公司董事、总会计师、董事会秘书职务。辞 职报告自送达公司董事会之日起生效。 同日，长安汽车召开第九届董事会第五十三次会议，审议通过了《关于董事、高级管理人员变更的议案》，张德 勇因工作变动不再担任公司董事、总会计师、董事会秘书职务，且不再担任公司任何职务（另有任用）。截至本 公告披露日，张德勇持有公司A股股票377,980股，其所持股票将严格按照相关规定进行管理。 最近，长安汽车总会计师、董秘换人。"前任"张德勇已辞职，接替他的是倪尔科。对于这一高层管理人员变化， 长安汽车内部人士告诉南都·湾财社记者，是公司正常人事变化。 因公司经营管理需要，长安汽车董事会提名倪尔科为第九届董事会董事候选人。同时，经公司董事会提名与薪酬 考核委员会审查，董事会同意聘任倪尔科为总会计师、董事会秘书，任期自本次董事会会议审议通过之日起至第 九届董事会任期届满之日止。 公告介绍，倪尔科为该公司总会计师、董事会秘书。1973年出生的倪尔科，曾任长安汽车（集团）有限公司财会 ...

2月13日消息，据长安汽车不实信息举报中心公众号，近期，长安汽车就自媒体"武当云中客"、"小明同 学看车"涉嫌网络侵权的行为，向法院提起诉讼，现已立案受理。 长安汽车不实信息举报中心称，网络非法外之地，我们尊重并接受社会各界监督与建议，但也坚决打击 一切恶意捏造、抹黑诋毁的行为。如发现有损害长安汽车及旗下品牌声誉的线索，我们欢迎大家通 过"长安汽车不实信息举报中心"积极反馈。经核实有效后，将依据价值给予最高100万元奖励。 长安汽车不实信息举报中心称，网络非法外之地，我们尊重并接受社会各界监督与建议，但也坚决打击 一切恶意捏造、抹黑诋毁的行为。如发现有损害长安汽车及旗下品牌声誉的线索，我们欢迎大家通 过"长安汽车不实信息举报中心"积极反馈。经核实有效后，将依据价值给予最高100万元奖励。 责任编辑：李思阳 2月13日消息，据长安汽车不实信息举报中心公众号，近期，长安汽车就自媒体"武当云中客"、"小明同 学看车"涉嫌网络侵权的行为，向法院提起诉讼，现已立案受理。 责任编辑：李思阳 ...

乘用车Ⅲ 长安汽车（000625.SZ） 增持-A(首次) 2026 年 2 月 13 日 单击或点击此处输入文字。 公司研究/公司快报 | 市场数据：2026 年 2 月 | 11 日 | | | --- | --- | --- | | 收盘价（元/股）： | | 11.18 | | 年内最高/最低（元/ | | 13.84/11.00 | | 股）： | | | | 流通 A 股/总股本（亿 | | 82.67/99.13 | | 股）： | | | | 流通 股市值（亿元）： A | | 924.27 | | 总市值（亿元）： | | 1,108.26 | 基础数据：2025 年 9 月 30 日 | 基本每股收益(元/股)： | 0.31 | | --- | --- | | 摊薄每股收益(元/股)： | 0.31 | | 每股净资产(元/股)： | 7.95 | | 净资产收益率(%)： | 2.72 | | 资料来源：常闻 | | 分析师： 刘斌 执业登记编码：S0760524030001 邮箱：liubin3@sxzq.com 贾国琛 执业登记编码：S0760525120001 邮箱：jiaguo ...

Core Insights - The core viewpoint of the articles emphasizes the rapid development of Level 3 (L3) autonomous driving technology by Changan Automobile, which is set to begin large-scale pilot operations by the end of 2025 in Chongqing, showcasing the company's advancements in autonomous driving technology [1][2]. Group 1: Development and Implementation - Changan Automobile's L3 autonomous vehicles are transitioning from single technology breakthroughs to a collaborative research and development model that emphasizes compliance and industry linkage, which is crucial for the rapid advancement of high-level autonomous driving technology in China [2][3]. - The company has expanded its safety requirements beyond the product itself to include functional safety, network security, data security, and risk prevention throughout the entire process, leading to recognition from regulatory bodies and the acquisition of the first batch of licenses [2][3]. Group 2: Collaborative Research and Industry Linkage - The rapid development of Changan's L3 autonomous driving technology demonstrates the feasibility of a collaborative research and development model that not only aids in the design and compliance of high-level autonomous driving but also supports the cultivation of interdisciplinary technical talent within the industry [3][4]. - The collaborative approach involves engineers from various disciplines working together to solve unknown problems, thereby enhancing their knowledge and skills in a cross-disciplinary context, which is essential for the advancement of autonomous driving technology [3][4]. Group 3: Problem-Solving in R&D - The development of autonomous driving technology faces numerous unknown factors, necessitating bold innovation and collaborative efforts to address these challenges. For instance, Changan's team innovatively proposed using elastic wave sensors to identify micro-collision events, a solution that had not been attempted in the industry [4][5]. - The team designed over 100 diverse data collection scenarios to ensure accurate sensor data collection under various conditions, overcoming challenges such as data distortion and adaptability to different weather conditions [5][6]. Group 4: Execution and Collaboration - The successful implementation of the collaborative research and development model requires strong execution capabilities, which Changan has established through a joint development mechanism with core suppliers to ensure performance consistency and compliance [6][7]. - During testing, the team identified a critical delay in the vehicle's response to sudden braking by preceding vehicles, leading to a collaborative effort with radar suppliers to enhance the system's performance [6][7]. Group 5: Industry Ecosystem and Future Outlook - The key to the rapid realization of high-level autonomous driving technology lies in technological advancements and reduced hardware costs, necessitating a collaborative approach among industry policies, technologies, and ecosystems to create a safe and reliable environment for autonomous driving [8].

2月13日，据长安汽车不实信息举报中心消息，近期，长安汽车就自媒体"武当云中客"、"小明同学看车"涉嫌网络侵权的行为，向法院提起诉讼，现已立案 受理。 ...

| 基本每股收益(元/股)： | 0.31 | | --- | --- | | 摊薄每股收益(元/股)： | 0.31 | | 每股净资产(元/股)： | 7.95 | | 净资产收益率(%)： | 2.72 | | 资料来源：常闻 | | 分析师： 刘斌 执业登记编码：S0760524030001 邮箱：liubin3@sxzq.com 贾国琛 执业登记编码：S0760525120001 邮箱：jiaguochen@sxzq.com 销量增长目标明确，大额回购彰显长期发展信心 乘用车Ⅲ 长安汽车（000625.SZ） 增持-A(首次) 2026 年 2 月 13 日 单击或点击此处输入文字。 公司研究/公司快报 | 市场数据：2026 年 2 月 | 11 日 | | | --- | --- | --- | | 收盘价（元/股）： | | 11.18 | | 年内最高/最低（元/ | | 13.84/11.00 | | 股）： | | | | 流通 A 股/总股本（亿 | | 82.67/99.13 | | 股）： | | | | 流通 股市值（亿元）： A | | 924.27 | | 总市值（亿元）： ...

长安汽车金融有限公司召开2026年工作会议。 日前，长安汽车金融有限公司召开2026年工作会议。据了解，公司在2025年及"十四五"收官之年，展现 出强劲的增长势头和战略聚焦。该公司已锚定"打造智能产业金融平台，建设一流科技汽车金融公司"这 一战略愿景。进入2026年，该公司在战略定位升级、业务增长新引擎、科技与风控的持续进化、合规与 消费者权益保护等方面都可望成为关注焦点。 经营发展"量质齐升"，新能源业务占三成 回顾2025年，该公司营业收入、利润总额预算达成率双100%，信贷投放规模同比增长超过10%，业务 单量持续增长，新能源业务同比增长114%，占比升至33%。 长安汽车金融有限公司党委书记、董事长叶宇昕指出，面对错综复杂的内外部形势，公司研究制定 了"十五五"时期"一顶四梁八柱"全新规划蓝图，明确了总体战略目标，即：立足产业金融定位，服务汽 车产业发展，实现"1431"高质量发展目标，建设成为一流科技汽车金融公司。 随着"十四五"圆满收官，长安汽车金融有限公司营业收入、利润总额成功实现战略目标，累计信贷投放 5500亿元，连续获得上级单位党建与经营业绩考核双"A"级。同时，焕新"产融结合"服务产业 ...

编辑 岳彩周 校对 杨许丽 新京报贝壳财经讯（记者王琳琳）长安汽车2月12日发布公告，长安汽车董事、总会计师、董事会秘书 张德勇因工作变动，辞去所有职务，不再担任公司任何职位，将由倪尔科接任总会计师及董事会秘书， 并提名为董事候选人。 长安汽车公告称，张德勇持有公司股票377980股，将严格按照相关规定进行管理。新京报贝壳财经记者 从知情人士处获悉，张德勇将调任中国电气装备集团，担任总会计师。 据了解，倪尔科历任长安汽车财务部副部长、部长，重庆南方摩托车有限责任公司总经理助理、事业部 财务部部长、总会计师，长安汽车金融有限公司监事长、党委副书记、纪委书记等职务。目前未持有公 司股票，其董事任职尚需股东大会审议。 ...

Recent Events - In January 2026, domestic passenger car retail sales reached 1.544 million units, a year-on-year decline of 13.9%, primarily due to the effects of policy withdrawal [2] - The export market showed strong performance, with 576,000 passenger cars exported in January, marking a 52% year-on-year increase and setting a historical record for the same period, including 286,000 new energy vehicles, which saw a significant increase of 103.6% [2] - On February 6, autonomous driving company Pony.ai announced a strategic partnership with domestic GPU company Moore Threads to advance the large-scale application of Level 4 autonomous driving technology [2] Stock Performance - Zotye Auto (000980) announced on February 11 that it is fully committed to resuming production in its vehicle segment [3] - On February 12, Xinwanda (300207) reported that its subsidiary reached a settlement regarding battery cell quality issues with Weir Electric Vehicles, which is expected to impact the company's net profit attributable to shareholders by 500 million to 800 million yuan for 2025 [3] - Ford Motor Company reported a fourth-quarter adjusted EBIT of $1.04 billion on February 11, a significant year-on-year decrease of 51% [3] Financial Report Analysis - Ford's total revenue for the fourth quarter was $45.9 billion, a year-on-year decrease of 4.8%, with adjusted earnings per share at $0.13, down from $0.39 in the previous year, reflecting the challenges faced by U.S. automakers in their transition to electrification [4] - General Motors emphasized on February 11 that its localization rate in the Chinese supply chain has exceeded 95%, showcasing its deep localization strategy in the Chinese market [4] Strategic Advancements - Li Auto's CEO Li Xiang previewed the new Li Auto L9 on February 5, describing it as the "pioneering work of embodied intelligent robots" [5] - Xiaomi Auto announced on February 12 the first batch of its new generation SU7 to be available in 30 stores across 7 cities, with an expected launch in April [5] - Changan Automobile (000625) officially launched its global sodium battery strategy on February 5, unveiling the world's first mass-produced passenger vehicle powered by sodium batteries [5] - Multiple new energy vehicle startups announced a dense lineup of new product plans for 2026 [5]