港股詳情

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五菱汽車

0.455

0.000

成交量：15.00萬

成交額：6.86萬

市值：15.01億

市盈率：29.65

高：0.460

開：0.455

低：0.455

收：0.455

52周最高：0.750

52周最低：0.376

股本：32.98億

香港流通股本：32.98億

量比：0.32

換手率：0.00%

股息：0.01

股息率：1.10%

每股收益(LYR):0.015

淨資產收益率：5.83%

總資產收益率：0.44%

市淨率：0.66

市盈率(LYR):29.65

市銷率: 0.16

資料載入中...

總覽公司新聞資訊公告

五菱汽車(00305.HK)擬3月30日舉行董事會會議以審批年度業績

五菱汽車(00305)股價下跌9%，現價港幣$0.455

阿斯达克财经

五菱星光730登頂2月全品類MPV銷冠累計銷量破33000台

五菱汽車盤中異動快速上漲6.25%報0.510港元

澤景電子通過港交所聆訊；五穀磨房、五菱汽車發布正面盈利預告丨港交所早參

每日经济新闻

全國人大代表、上汽通用五菱黨委書記姚佐平：加快政策創新與生態構建，系統性推動我國智能駕駛產業規模化高質量發展

每日经济新闻

五菱汽車(00305)2025財年淨利潤1.70億元，按年增長53%

五菱汽車(00305)發盈喜預計2025年度股東應占利潤按年增加約54%

五菱汽車預期年度業績向好，核心主業經營表現持續改善

五菱繽果 S 純電小車官宣將推續航最長版本，525km 旗艦款 3 月 13 日上市

五菱榮光純電版微型商用車上市：310km 續航，6.98 萬元

五菱汽車盤中異動早盤急速下跌7.22%報0.450港元

五菱汽車（00305）2月股份變動月報：股本維持穩定

五菱汽車盤中異動股價大漲5.43%報0.485港元

五菱繽果馬來西亞首批用户交付

電車已過「山海關」？

第一电动网

五菱揚光，又來「亂殺」了

五菱汽車盤中異動早盤急速下跌5.00%

柳州五菱汽車申請輥壓成型工藝及設備專利，降低輥壓件生產成本

五菱宏光MINIEV四門版駛入德國市場價格雖漲但性價比或成新優勢

ITBEAR科技资讯

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累計銷量破33000台","url":"https://stock-news.laohu8.com/highlight/detail?id=2618970157","media":"智能汽车","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2618970157?lang=zh_tw&edition=fundamental","pubTime":"2026-03-11 21:00","pubTimestamp":1773234000,"startTime":"0","endTime":"0","summary":"据五菱汽车官方最新披露，五菱星光730在2月成功斩获全品类MPV销量冠军，截至目前累计销量已突破33000台，并连续四个月稳居15万元以内MPV市场销量榜首。这一系列数据表明，该车型在10万元级家用MPV细分市场已形成显著竞争优势，成为多口之家出行的热门选择。从产品特性来看，五菱星光730以2910mm的超长轴距构建了真7座空间布局，配合最大可扩展至1202L的灵活后备厢容积，可满足家庭出游场景下的多样化装载需求。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260311212138a6b84389&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260311212138a6b84389&s=b","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":"tencent","symbols":["BK1578","BK1539","BK1144","00305"],"gpt_icon":0},{"id":"2618970143","title":"五菱汽車盤中異動 快速上漲6.25%報0.510港元","url":"https://stock-news.laohu8.com/highlight/detail?id=2618970143","media":"市场透视","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2618970143?lang=zh_tw&edition=fundamental","pubTime":"2026-03-11 09:30","pubTimestamp":1773192615,"startTime":"0","endTime":"0","summary":"2026年03月11日早盘09时30分，五菱汽车股票出现异动，股价大幅拉升6.25%。截至发稿，该股报0.510港元/股，成交量70万股，换手率0.02%，振幅3.13%。资金方面，该股资金流入24.62万港元，流出0港元。五菱汽车股票所在的汽车零件行业中，整体跌幅为0.77%。其相关个股中，五菱汽车、新晨动力、浦林成山涨幅较大，振幅较大的相关个股有博泰车联、五菱汽车、浙江世宝，振幅分别为3.43%、3.13%、1.12%。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260311093015a45fc047&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260311093015a45fc047&s=b","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tencent","symbols":["BK1578","BK1539","BK1144","00305"],"gpt_icon":0},{"id":"2618967495","title":"澤景電子通過港交所聆訊；五穀磨房、五菱汽車發布正面盈利預告丨港交所早參","url":"https://stock-news.laohu8.com/highlight/detail?id=2618967495","media":"每日经济新闻","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2618967495?lang=zh_tw&edition=fundamental","pubTime":"2026-03-11 06:52","pubTimestamp":1773183137,"startTime":"0","endTime":"0","summary":"｜2026年3月11日星期三｜NO.1泽景电子通过港交所聆讯据港交所3月9日消息，江苏泽景汽车电子股份有限公司（以下简称泽景电子）已通过港交所主板上市聆讯，海通国际资本有限公司、中信证券（香港）有限公司为联席保荐人。据招股书，泽景电子专注于HUD（抬头显示）解决方案。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"stock_eastmoney","url":"http://finance.eastmoney.com/a/202603113667944225.html","rn_cache_url":null,"directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://finance.eastmoney.com/a/202603113667944225.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":"stock_eastmoney","symbols":["BK1539","01837","00305","BK1237","BK1144","BK1578"],"gpt_icon":0},{"id":"2618830941","title":"全國人大代表、上汽通用五菱黨委書記姚佐平：加快政策創新與生態構建，系統性推動我國智能駕駛產業規模化高質量發展","url":"https://stock-news.laohu8.com/highlight/detail?id=2618830941","media":"每日经济新闻","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2618830941?lang=zh_tw&edition=fundamental","pubTime":"2026-03-10 22:48","pubTimestamp":1773154099,"startTime":"0","endTime":"0","summary":"建议从四方面加快政策创新与生态构建，推动我国智能驾驶产业规模化高质量发展：一是由国家层面牵头，开展基于场景的立法与标准创新，构建摆脱国外分级话语体系依赖、充分体现中国特色的智能驾驶治理体系；二是实施精准的产业激励与推广政策，加速智能驾驶的规模化普及与应用；三是优化国家科技资源布局，支持领军企业构建开放创新平台，打造国家级产业生态；四是支持广西打造面向东盟市场的新能源智能汽车桥头堡。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260310225013a6b5c341&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260310225013a6b5c341&s=b","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"policyRegulatory","news_rank":0,"length":0,"strategy_id":0,"source":"tencent","symbols":["BK1144","BK1539","BK1578","00305"],"gpt_icon":0},{"id":"1135932794","title":"五菱汽車(00305)2025財年淨利潤1.70億元，按年增長53%","url":"https://stock-news.laohu8.com/highlight/detail?id=1135932794","media":"公告速递","labels":["dataReport","SGX"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1135932794?lang=zh_tw&edition=fundamental","pubTime":"2026-03-10 16:56","pubTimestamp":1773132965,"startTime":"0","endTime":"0","summary":"本季度信息\n五菱汽车(00305)公告显示，截至2025年12月31日止年度录得净利润1.70亿元，同比2024年的1.11亿元增长53%。其中，归属于公司拥有者的利润为0.78亿元，相较2024年的0.51亿元增幅约54%。\n公告提到，尽管新产品及开发项目的研发支出大幅提高，但汽车动力系统分部与汽车零部件及其他工业服务分部业务表现持续向好，叠加融资成本进一步下降，推动净利润显著增长。\n业务分项\n核心主营业态方面，汽车动力系统分部与汽车零部件及其他工业服务分部经营表现持续改善，为本期利润增长提供支撑。与此同时，公司的研发投入加大，用于新产品和新项目的推进。\n高管解读","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport,SGX","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["00305"],"gpt_icon":0},{"id":"2618938475","title":"五菱汽車(00305)發盈喜 預計2025年度股東應占利潤按年增加約54%","url":"https://stock-news.laohu8.com/highlight/detail?id=2618938475","media":"智通财经","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2618938475?lang=zh_tw&edition=fundamental","pubTime":"2026-03-10 16:54","pubTimestamp":1773132886,"startTime":"0","endTime":"0","summary":"智通财经APP讯，五菱汽车(00305)发布公告，预期集团截至2025年12月31日止年度将取得净利润约人民币1.70亿元，同比增加约53%;及公司2025年度将取得公司拥有人应占利润约人民币7800万元，同比增加约54%。根据现时可得资料，董事会进一步通知，尽管集团因进行中的新产品及开发项目导致研发开支大幅增加，然而受惠于集团核心主营业务(尤其是汽车动力系统分部及是汽车零部件及其他工业服务分部)的业务表现持续改善，加上融资成本减少之正面影响，截至2025年12月31日止年度集团净利润及公司拥有人应占利润与上年度相比，均显著增加。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://www.zhitongcaijing.com/content/detail/1412145.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"2","news_top_title":"五菱汽车(00305)发盈喜 预计2025年度股东应占利润同比增加约54%","news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":"stock_zhitongcaijing","symbols":["BK1578","BK1539","00305","BK1144"],"gpt_icon":0},{"id":"1148307679","title":"五菱汽車預期年度業績向好，核心主業經營表現持續改善","url":"https://stock-news.laohu8.com/highlight/detail?id=1148307679","media":"美股速递","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1148307679?lang=zh_tw&edition=fundamental","pubTime":"2026-03-10 16:54","pubTimestamp":1773132865,"startTime":"0","endTime":"0","summary":"五菱汽车核心主营业务板块的经营效益在财年内持续提升，带动公司整体业绩预期积极向好。各业务单元协同发力，为公司盈利增长注入稳定动力。","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1578","00305","BK1539","BK1144"],"gpt_icon":0},{"id":"2618600815","title":"五菱繽果 S 純電小車官宣將推續航最長版本，525km 旗艦款 3 月 13 日上市","url":"https://stock-news.laohu8.com/highlight/detail?id=2618600815","media":"IT之家","labels":["productRelease"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2618600815?lang=zh_tw&edition=fundamental","pubTime":"2026-03-10 11:23","pubTimestamp":1773112985,"startTime":"0","endTime":"0","summary":"感谢IT之家网友 很宅很怕生 的线索投递！IT之家 3 月 10 日消息，五菱银标今日官宣，五菱缤果 S 纯电小车将推525km 旗舰款，新车将于 3 月 13 日上市。五菱缤果 S 于 2025 年 9 月 27 日正式上市，指导价 6.68 万元起。动力方面，该车搭载最大功率 75 千瓦的前置电机，在 CLTC 工况下，纯电续航里程分别为 325 公里和 430 公里。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260310112402a6b413cb&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260310112402a6b413cb&s=b","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"productRelease","news_rank":0,"length":0,"strategy_id":0,"source":"tencent","symbols":["BK1578","BK1144","00305","BK1539"],"gpt_icon":0},{"id":"2618616791","title":"五菱榮光純電版微型商用車上市：310km 續航，6.98 萬元","url":"https://stock-news.laohu8.com/highlight/detail?id=2618616791","media":"IT之家","labels":["productRelease"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2618616791?lang=zh_tw&edition=fundamental","pubTime":"2026-03-09 10:35","pubTimestamp":1773023709,"startTime":"0","endTime":"0","summary":"IT之家 3 月 9 日消息，五菱荣光纯电版今日宣布上市，推出 310km 标准型，售价 6.98 万元。即日起，全国用户通过五菱汽车官方渠道下订五菱荣光纯电版，即可享受 5000 元的置换补贴。设计方面，五菱荣光纯电版通过 7 处风阻优化，实现了 0.304Cd 的风阻系数，累计降低风阻 12%。IT之家从官方介绍获悉，五菱荣光纯电版搭载32.6kWh“神炼电池商用版”，电池采用了 MUST 多功能一体化结构，支持电芯单独更换，能将后续电池维保成本降低 90% 以上。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260309103855a459e7ff&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260309103855a459e7ff&s=b","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"productRelease","news_rank":0,"length":0,"strategy_id":0,"source":"tencent","symbols":["BK1578","BK1539","00305","BK1144"],"gpt_icon":0},{"id":"2618712616","title":"五菱汽車盤中異動 早盤急速下跌7.22%報0.450港元","url":"https://stock-news.laohu8.com/highlight/detail?id=2618712616","media":"市场透视","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2618712616?lang=zh_tw&edition=fundamental","pubTime":"2026-03-09 09:47","pubTimestamp":1773020835,"startTime":"0","endTime":"0","summary":"2026年03月09日早盘09时47分，五菱汽车股票出现波动，股价快速下挫7.22%。截至发稿，该股报0.450港元/股，成交量80万股，换手率0.02%，振幅3.09%。资金方面，该股资金流入1.365万港元，流出36.265万港元。最近的财报数据显示，该股实现营业收入44.14亿港元，净利润4,322.17万港元，每股收益0.0132港元，毛利5.30亿港元，市盈率27.15倍。五菱汽车股票所在的汽车零件行业中，整体跌幅为0.14%。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2026030909471595459144&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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16:41","pubTimestamp":1772700078,"startTime":"0","endTime":"0","summary":"五菱汽车集团控股有限公司（「五菱汽车」，00305）于2026年3月5日刊发2月股份变动月报。报告期为2026年2月，截至本月末，公司注册股本为25,380,350,000股，每股面值为港币0.004元，注册股本总额港币101,521,400元。与上月底相比，注册股本无变动。\n\\n\\n报告显示，公司已发行股份总数于本月末维持在3,298,161,332股，未出现新增发行、购回、注销或库藏股变动。公司确认满足适用的公众持股量要求，并遵守香港联合交易所有限公司《上市规则》及相关法规。\n\\n\\n本次公告由公司秘书黎士康代表董事会签署。","market":"sh","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"shareholding,SGX","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["00305"],"gpt_icon":0},{"id":"2617597324","title":"五菱汽車盤中異動 股價大漲5.43%報0.485港元","url":"https://stock-news.laohu8.com/highlight/detail?id=2617597324","media":"市场透视","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2617597324?lang=zh_tw&edition=fundamental","pubTime":"2026-03-05 10:37","pubTimestamp":1772678271,"startTime":"0","endTime":"0","summary":"2026年03月05日早盘10时37分，五菱汽车股票出现异动，股价大幅拉升5.43%。截至发稿，该股报0.485港元/股，成交量84万股，换手率0.03%，振幅3.26%。资金方面，该股资金流入19.24万港元，流出6.595万港元。五菱汽车股票所在的汽车零件行业中，整体跌幅为0.01%。其相关个股中，京西国际、德昌电机控股、五菱汽车涨幅较大，振幅较大的相关个股有博泰车联、德昌电机控股、京西国际，振幅分别为7.05%、5.95%、5.53%。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260305103751a44da75b&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, 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09:56","pubTimestamp":1772502976,"startTime":"0","endTime":"0","summary":"易车讯日前，上汽通用五菱官方发布，上汽通用五菱与马来西亚战略合作伙伴，于近日在吉隆坡举办了五菱缤果首批用户集中交付仪式。今年1月，马来西亚首台五菱缤果量产车下线仪式在陈唱工厂举行。实现缤果在马来西亚本地量产，标志着上汽通用五菱“印马泰”一体化战略的深入推进。据此前报道，五菱已在马来西亚实现整车与核心零部件的本土协同供应，不仅有效提升了交付效率，也为当地消费者带来了更具竞争力的产品价格。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260303114704a444b297&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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07:00","pubTimestamp":1772492400,"startTime":"0","endTime":"0","summary":"几乎同一时间，一千公里外的哈尔滨，2025年的汽车销量榜单同样令人意外。这两件事看似独立，实则指向同一个核心命题：当电动化的潮水漫过山海关，中国汽车产业的逻辑正在发生怎样的深刻位移？对于习惯了“投资不过山海关”叙事的观察者来说，这无疑是一个值得玩味的信号。中国汽车产能目前已非常充裕，甚至出现结构性过剩。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260303080057a443cd4e&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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Runner负责人解释称，增加的运输成本、关税及本地化适配费用导致价格上浮。等同类竞品约30%，在入门级电动车市场形成差异化竞争优势。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260224223227a4c36ba3&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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