从业绩基本面来看，2023年这些产业链公司业绩整体向好，其中德赛西威、拓普集团去年营收和归母净利润均实现同比双位数增长

2023年和2024年，比亚迪连续两年主动发起全面价格战，上汽大众等合资车企感受到的冲击最为明显

• China's state-owned automotive companies are intensifying efforts to compete in the new energy vehicle (NEV) market, with the State-owned Assets Supervision and Administration Commission (SASAC) encouraging bold moves and separate assessments for NEV operations. This shift comes as these enterprises lag behind private companies like Tesla and BYD in NEV development.
• SASAC aims to "unshackle" major state-owned car manufacturers such as FAW Group, Dongfeng Motor Corporation, and Changan Automobile by focusing future assessments on technology, market share, and development potential in the NEV sector. This strategy includes easing profit assessments to prioritize sales volume and technical advancements.
• The Chinese government's support for NEVs since 2009 has not translated into rapid growth for state-owned enterprises due to a cautious approach towards investment in emerging fields. However, with policy adjustments and organizational reforms aimed at boosting competitiveness, these companies are now positioned to aggressively pursue a larger share of the NEV market amidst increasing domestic competition and changing consumer preferences.

央企满血入场，市场格局如何演变？

央企满血入场，市场格局如何演变？

2023年，上汽集团海外市场销量达到120.8万辆，同比增长18.8%，连续八年排名国内车企第一

刘亦功上任不久前，国资委宣布将单独考核汽车央企新能源业务，一汽面临更宽松的新能源转型条件

“低空经济”概念起飞，十余家公司回应相关业务情况；电动汽车价格战升温，理想下调2024两款车型售价；上交所上市REITs数量累计23只，发行规模近800亿元；美国2月CPI同比增长3.2%，隔夜英伟达股价再爆发

2024年前两个月，中国自主品牌市场份额进一步提升，达到59.9%，同比增长7.6个百分点

1-2月中国汽车出口83.1万辆 同比增长超2成；多空博弈难分上下 OPEC减产支撑油价保持高位

推荐：赵安吉车祸或因其误挂倒挡所致；东风集团称价格战盲目跟进必死无疑；OpenAI调查结果出炉

• Global automakers like Volkswagen, Stellantis, and Renault are forming new partnerships with Chinese electric vehicle (EV) companies such as XPeng and Leapmotor to leverage each other's strengths in technology and market access.
• Volkswagen has partnered with XPeng to co-develop models and utilize VW's supply chain for cost reduction. Stellantis invested approximately €1.5 billion for a 20% stake in Leapmotor, aiming to accelerate its presence in China and globally.
• These collaborations mark a shift from previous joint ventures where foreign companies sought market access in exchange for technology. Now, Chinese EV firms are seen as tech leaders, contributing to the global automotive industry's transition towards electrification and intelligent driving systems.

【本文系数据通用户提前专享】中国新能源车企有技术、谋海外，国际车企求转型、保产能，中外全新合资模式开启

中国新能源车企有技术、谋海外，国际车企求转型、保产能，中外全新合资模式开启

大部分新能源车企还没有盈利，降价和不降价是两难选择

乘联会分析称，春节前通常是首购群体购车的黄金期，由于楼市、股市不旺，居民消费心态相对保守，春节前消费意愿尤其不强

随着沪指在本周中第五次下跌，最终点位在跌入2700点反弹后落于2730.15。年前的最后一周，也即将再次打响2700点保卫战；另一侧，同样受人关注的楼市，虽然迎来了苏州彻底放开限购的大幅度放松，但是整体一月份的百强房企销售额，仍然环比大幅下降47.9%。伴随着本周全国财政收入、地方债务余额、养老金累计结余等关键数据的发布，市场人士判断有望在2025年底完成风险处置

推荐：2023年全球游戏市场规模增6%；蓝箭航天试验致三人受伤；大众汽车任命中国新CTO

大众汽车集团认为，2025年中国新能源汽车销量占比会达到50%，2030年会达到75%

永奥集团旗下4S店员工反映，2023年初以来，公司出现工资拖欠情况，起初迟发一两个月，后来多达半年