жҜҸз»ҸзғӯиҜ„дёЁвҖңеӨҡз”ҹеӯ©еӯҗжңӘеҝ…еҘҪжү“жһ¶вҖқпјҢдёӯеӣҪжұҪиҪҰе“ҒзүҢиҰҒдё»еҠЁвҖңеҒҡеҮҸжі•вҖқ
2026-07-09 · 鼎锋优配
жҜҸз»ҸзҪ‘йҰ–йЎө > иҰҒй—» > жӯЈж–Ү 2026-06-23 18:06:31 иҝ‘ж—ҘпјҢжҜ”дәҡиҝӘдј еҮәжҺЁиҝӣз»„з»Үжһ¶жһ„и°ғж•ҙпјҢеӯҗе“ҒзүҢиҮӘиҙҹзӣҲдәҸзҡ„ж¶ҲжҒҜпјҢжӯӨдёҫдёәиЎҢдёҡж•Іе“Қи
жҜҸз»ҸзҪ‘йҰ–йЎө > иҰҒй—» > жӯЈж–Ү
2026-06-23 18:06:31
иҝ‘ж—ҘпјҢжҜ”дәҡиҝӘдј еҮәжҺЁиҝӣз»„з»Үжһ¶жһ„и°ғж•ҙпјҢеӯҗе“ҒзүҢиҮӘиҙҹзӣҲдәҸзҡ„ж¶ҲжҒҜпјҢжӯӨдёҫдёәиЎҢдёҡж•Іе“ҚиӯҰй’ҹгҖӮеҪ“еүҚдёӯеӣҪжұҪиҪҰеёӮеңәе“ҒзүҢжіӣж»ҘпјҢж–°иҪҰжүҺе ҶдёҠеёӮпјҢдҪҶзҲҶж¬ҫйҡҫеҮәпјҢиЎҢдёҡеҲ©ж¶ҰдёӨжһҒеҲҶеҢ–пјҢйҖҸж”Ҝй•ҝжңҹжҪңеҠӣгҖӮдёҺжө·еӨ–иҪҰдјҒеҚ•е“ҒеҲ¶иғңзӣёжҜ”пјҢеӣҪеҶ…иҪҰдјҒйңҖвҖңеҒҡеҮҸжі•вҖқпјҢдјҳеҢ–иө„жәҗй…ҚзҪ®гҖӮжӯӨеӨ–пјҢеҗүеҲ©гҖҒеҘҮз‘һд№ҹеңЁиҝӣиЎҢе“ҒзүҢж•ҙеҗҲпјҢиЎҢдёҡе…ұиҜҶжёҗжҳҺпјҡйӣҶдёӯиө„жәҗеҒҡжңүж•ҲиҪҰеһӢгҖҒжңүж•Ҳе“ҒзүҢпјҢж–№иғҪиө°еҗ‘вҖңжұҪиҪҰејәеӣҪвҖқгҖӮ
жҜҸз»ҸиҜ„и®әе‘ҳ иЈҙеҒҘеҰӮ
ж—ҘеүҚпјҢдёҖеҲҷж¶ҲжҒҜеј•еҸ‘жұҪиҪҰдёҡеҶ…е№ҝжіӣе…іжіЁгҖӮжҜ”дәҡиҝӘиў«жӣқеҮәжӯЈжҺЁиҝӣз»„з»Үжһ¶жһ„еӨ§и°ғж•ҙпјҢи®ЎеҲ’и®©зҺӢжңқгҖҒжө·жҙӢгҖҒи…ҫеҠҝгҖҒж–№зЁӢиұ№зӯүеӯҗе“ҒзүҢе®һиЎҢиҮӘиҙҹзӣҲдәҸпјҢд»…д»°жңӣй«ҳз«Ҝе“ҒзүҢжҡӮдёҚзәіе…ҘиҜҘжңәеҲ¶гҖӮй…ҚеҘ—ж”№йқ©еҗҢжӯҘиҗҪең°пјҢеҺҹжңүз»ҹдёҖе·ҘзЁӢйҷўе°ҶжӢҶеҲҶпјҢеҲҶи®ҫдә”еӨ§е“ҒзүҢдё“еұһз ”з©¶йҷўпјӣеҺҹе·ҘзЁӢйҷўж”¶зј©дёәеә•еұӮжҠҖжңҜдёӯеҸ°пјҢеҸӘиҙҹиҙЈйҖҡз”Ёе№іеҸ°гҖҒеҹәзЎҖжҠҖжңҜз ”еҸ‘пјҢеҗ„е“ҒзүҢз ”з©¶йҷўе…ЁжқғжүҝжҺҘдә§е“Ғ规еҲ’гҖҒиҪҰеһӢејҖеҸ‘пјҢзӣҙжҺҘеҜ№еёӮеңәзӣҲдәҸиҙҹиҙЈгҖӮ
зӣ®еүҚпјҢжҜ”дәҡиҝӘж–№йқўе№¶жңӘжӯЈйқўеӣһеә”жӯӨдј й—»зҡ„зңҹе®һжҖ§пјҢдёҚиҝҮдёӯеӣҪжұҪиҪҰе“ҒзүҢзҡ„жү©еј жЁЎејҸе·ІиЎҢиҮіжӢҗзӮ№пјҢдёӯеӣҪжұҪиҪҰдә§дёҡеҲ°дәҶвҖңеҒҡеҮҸжі•вҖқзҡ„ж—¶еҖҷгҖӮ
дёӯеӣҪжұҪиҪҰеёӮеңәзӣ®еүҚжңүеӨҡе°‘дёӘе“ҒзүҢпјҹе…Ёзҗғе’ЁиҜўе…¬еҸёиүҫзқҝй“ӮпјҲAlix PartnersпјүеҸ‘еёғзҡ„жҠҘе‘ҠжҳҫзӨәпјҢ2024е№ҙпјҢе…ұжңү129дёӘе“ҒзүҢеңЁдёӯеӣҪж–°иғҪжәҗжұҪиҪҰеёӮеңәеҗҢеҸ°з«һдәүгҖӮеҸҰжҚ®жҮӮиҪҰеёқзҡ„з»ҹи®Ўж•°жҚ®пјҢд»Ҡе№ҙ1иҮі5жңҲпјҢеӣҪеҶ…дёҠеёӮж–°иҪҰж•°йҮҸй«ҳиҫҫ544ж¬ҫпјҲеҗ«е№ҙеәҰе°Ҹж”№гҖҒй…ҚзҪ®иЎҚз”ҹгҖҒйҷҗйҮҸзү№дҫӣиҪҰзӯүе…ЁеҸЈеҫ„з»ҹи®ЎпјүпјҢе№іеқҮжҜҸжңҲи¶…108ж¬ҫпјҢе№іеқҮжҜҸеӨ©иҮіе°‘жңү3ж¬ҫж–°иҪҰдёҠеёӮпјҢдҪҶе…¶дёӯжңҲй”ҖиҝҮдёҮиҫҶиҪҰеһӢж•°д»…30ж¬ҫпјҢеҚ ж–°иҪҰжҖ»ж•°зҡ„5.5%гҖӮ
еҜҶйӣҶзҡ„ж–°иҪҰеҸ‘еёғд№ҹжңӘиғҪжӢүеҠЁиҪҰеёӮй”ҖйҮҸгҖӮжҚ®д№ҳиҒ”еҲҶдјҡз»ҹи®Ўж•°жҚ®пјҢ2026е№ҙеүҚ5дёӘжңҲпјҢеӣҪеҶ…д№ҳз”ЁиҪҰйӣ¶е”®й”ҖйҮҸеҗҢжҜ”дёӢж»‘19.5%гҖӮеӣҪ家з»ҹи®ЎеұҖж•°жҚ®жҳҫзӨәпјҢд»Ҡе№ҙдёҖеӯЈеәҰпјҢжұҪиҪҰиЎҢдёҡеҲ©ж¶ҰзҺҮд»…3.2%пјҢжҳҫи‘—дҪҺдәҺдёӢжёёе·Ҙдёҡе№іеқҮзӣҲеҲ©ж°ҙе№ігҖӮдёҠиҝ°иүҫзқҝй“ӮжҠҘе‘ҠжӣҙжҳҜжҢҮеҮәпјҢйў„и®ЎеҲ°2030е№ҙпјҢ129дёӘжұҪиҪҰе“ҒзүҢдёӯд»…жңү15дёӘе“ҒзүҢд»Қе°ҶдҝқжҢҒиҙўеҠЎжҙ»еҠӣгҖӮ
жө·йҮҸж–°иҪҰжҠ•ж”ҫпјҢеҚҙйҡҫи·‘еҮәзЁіе®ҡиө°йҮҸзҲҶж¬ҫгҖӮиҝҷж„Ҹе‘ізқҖпјҢз»қеӨ§еӨҡж•°ж–°е“ҒиҷҪеңЁз ”еҸ‘гҖҒиҗҘй”ҖзӯүзҺҜиҠӮжҠ•е…Ҙе·ЁеӨ§пјҢдҪҶжңҖз»ҲеҸӘиғҪжӢҝеҲ°еҫ®и–„й”ҖйҮҸпјҢжІҰдёәжІүжІЎжҲҗжң¬гҖӮиЎҢдёҡеҲ©ж¶ҰеҲҶй…Қд№ҹе‘ҲзҺ°дёӨжһҒеҲҶеҢ–пјҢд»…е°‘ж•°дјҒдёҡе®һзҺ°зӣҲеҲ©пјҢе…¶дҪҷе“ҒзүҢжҷ®йҒҚеҫ®еҲ©з”ҡиҮіжҢҒз»ӯдәҸжҚҹгҖӮ
еӣҫзүҮжқҘжәҗпјҡжҜҸз»ҸеӘ’иө„еә“
йҒҚең°ејҖиҠұзҡ„е“ҒзүҢдёҺиҪҰеһӢпјҢд№ҹеңЁжҢҒз»ӯйҖҸж”ҜзқҖиЎҢдёҡй•ҝжңҹеҸ‘еұ•жҪңеҠӣгҖӮе…¶дёҖпјҢз ”еҸ‘иө„жәҗиў«ж— йҷҗжӢҶеҲҶпјҢж•°еҚҒдёӘе“ҒзүҢгҖҒдёҠзҷҫж¬ҫиҪҰеһӢеҲҶж‘Ҡз ”еҸ‘йў„з®—пјҢйҡҫд»ҘйӣҶдёӯиө„йҮ‘ж”»еқҡж ёеҝғжҠҖжңҜпјҢйҡҫд»ҘеҪўжҲҗ规模еҢ–жҲҗжң¬дјҳеҠҝпјӣе…¶дәҢпјҢеҗҢйӣҶеӣўеҶ…йғЁе“ҒзүҢе®ҡдҪҚйҮҚеҸ пјҢиҮӘ家дә§е“Ғдә’зӣёеҲҶжөҒе®ўжҲ·пјҢеҖ’йҖјд»·ж јжҲҳдёҚжӯҮпјҢиҝӣдёҖжӯҘеҺӢзј©е…ЁиЎҢдёҡеҲ©ж¶Ұз©әй—ҙпјӣе…¶дёүпјҢдә§е“Ғзәҝж— еәҸжү©еј еҲҶж•Јжё йҒ“гҖҒдҫӣеә”й“ҫиө„жәҗпјҢдјҒдёҡз–ІдәҺз»ҙжҢҒеӨҡж¬ҫе°Ҹдј—иҪҰеһӢдә§й”ҖпјҢж— еҠӣж·ұиҖ•е…·еӨҮй•ҝжңҹз«һдәүеҠӣзҡ„ж ёеҝғеҚ•е“ҒгҖӮ
дёҺд№ӢзӣёеҸҚзҡ„жҳҜпјҢеҘүиЎҢвҖңеӨ§еҚ•е“ҒвҖқзӯ–з•Ҙзҡ„зү№ж–ҜжӢүпјҢд»…дҫқйқ Model 3гҖҒModel YдёӨж¬ҫдё»еҠӣиҪҰеһӢдҫҝеҸҜеҫҒжҲҳе…ЁзҗғеёӮеңәгҖӮе…¬ејҖж•°жҚ®жҳҫзӨәпјҢ2025е№ҙпјҢзү№ж–ҜжӢүModel YзҙҜи®Ўй”ҖйҮҸзәҰ106.98дёҮиҫҶпјҢеёӮеҚ зҺҮдёә5.19%пјҢжӢҝдёӢе…Ёзҗғж–°иғҪжәҗиҪҰй”ҖеҶ пјҢеҚ•дёҖиҪҰеһӢдҪ“йҮҸе·ІеҢ№ж•ҢеӣҪеҶ…еӨҡ家иҪҰдјҒе…Ёе№ҙй”ҖйҮҸгҖӮ
еҸҚи§ӮеӣҪеҶ…еёӮеңәпјҢе…Ёе№ҙж•°зҷҫж¬ҫж–°иҪҰжүҺе ҶдёҠеёӮпјҢиғҪжҢҒз»ӯйўҶи·‘й”ҖйҮҸжҰңеҚ•зҡ„дә§е“ҒеҚҙеҜҘеҜҘж— еҮ гҖӮдёҖиҫ№жҳҜзІҫз®ҖеҚ•е“Ғж’¬еҠЁе…ЁзҗғеёӮеңәпјҢдёҖиҫ№жҳҜзҷҫж¬ҫдә§е“Ғйҷ·е…ҘеҶ…еҚ·еҺ®жқҖпјҢйІңжҳҺеҸҚе·®и¶ід»ҘиҜҙжҳҺпјҡеӨҡе“ҒзүҢгҖҒеӨҡиҪҰеһӢдёҚзӯүдәҺејәз«һдәүеҠӣпјҢз”ҡиҮіеҸҚиҖҢеҸҜиғҪдјҡеүҠејұдә§дёҡж №еҹәгҖӮ
иҝҮеҺ»еўһйҮҸеёӮеңәдёӯпјҢж–°еўһе“ҒзүҢгҖҒеҜҶйӣҶжҠ•ж”ҫж–°иҪҰиғҪеҝ«йҖҹжҠўеҚ жөҒйҮҸпјҢиҝҷеҘ—вҖңеҒҡеҠ жі•вҖқзҡ„жү“жі•дёҖеәҰиЎҢд№Ӣжңүж•ҲгҖӮдҪҶеҰӮд»ҠеӣҪеҶ…жұҪиҪҰеёӮеңәйңҖжұӮ收缩гҖҒж¶Ҳиҙ№иҖ…и¶ӢдәҺзҗҶжҖ§пјҢзІ—ж”ҫжү©еј зҡ„иҫ№йҷ…ж•Ҳеә”жҢҒз»ӯиЎ°еҮҸгҖӮеҪ“еёӮеңәиӣӢзі•дёҚеҶҚжҢҒз»ӯеҸҳеӨ§пјҢж— йҷҗеҲҶж•Јиө„жәҗеҸӘдјҡеҠ еү§иЎҢдёҡеҶ…иҖ—пјҢйҡҫд»ҘжІүж·ҖзңҹжӯЈзҡ„е“ҒзүҢеЈҒеһ’гҖӮдҫқйқ дҪҺд»·жҚўжқҘзҹӯжңҹе®ўжөҒпјҢз»Ҳ究дјҡиў«з«һе“Ғд»ҘеҗҢж ·ж–№ејҸеҲҶжөҒпјҢж— жі•еҪўжҲҗеҸҜжҢҒз»ӯзҡ„з«һдәүдјҳеҠҝгҖӮ
еңЁжӯӨжғ…еҶөдёӢпјҢдёӯеӣҪжұҪиҪҰе“ҒзүҢйңҖиҰҒдё»еҠЁвҖңеҒҡеҮҸжі•вҖқгҖӮжүҖи°“вҖңеҒҡеҮҸжі•вҖқпјҢз»қйқһзј©еҮҸдә§дёҡжҠ•е…ҘпјҢиҖҢжҳҜдјҳеҢ–иө„жәҗй…ҚзҪ®пјҢжҠҠдәәеҠӣгҖҒиө„йҮ‘гҖҒдә§иғҪе…ЁйғЁжҠ•еҗ‘жңүж•ҲиҪҰеһӢдёҺж ёеҝғйЎ№зӣ®гҖӮдёҖж–№йқўпјҢзІҫз®ҖеҶ—дҪҷе“ҒзүҢзҹ©йҳөпјҢиЈҒжұ°е®ҡдҪҚйҮҚеҸ гҖҒй•ҝжңҹдәҸжҚҹзҡ„дҪҺж•Ҳдә§е“ҒзәҝпјҢеҒңжӯўж— ж„Ҹд№үж–°е“ҒжҠ•ж”ҫпјҢйӣҶдёӯиө„жәҗжү“йҖ ж ҮжқҶеӨ§еҚ•е“ҒпјҢеӨҚеҲ»жө·еӨ–иҪҰдјҒеҚ•е“ҒеҲ¶иғңзҡ„жҲҗзҶҹйҖ»иҫ‘пјӣеҸҰдёҖж–№йқўпјҢеҲҷиҰҒзҗҶйЎәдјҒдёҡеҶ…йғЁжІ»зҗҶжһ¶жһ„пјҢжҗӯе»әз»ҹдёҖжҠҖжңҜдёӯеҸ°пјҢе®һзҺ°жҠҖжңҜгҖҒдҫӣеә”й“ҫгҖҒжё йҒ“еҚҸеҗҢе…ұдә«пјҢж‘Ҡи–„еҚ•иҪҰз ”еҸ‘дёҺеҲ¶йҖ жҲҗжң¬пјҢд»Һж №жәҗзј“и§ЈзӣҲеҲ©еҺӢеҠӣгҖӮ
дәӢе®һдёҠпјҢжҜ”дәҡиҝӘ并дёҚжҳҜе”ҜдёҖејҖе§ӢиЎҢеҠЁзҡ„иҪҰдјҒгҖӮеңЁвҖң2026дёӯеӣҪжұҪиҪҰйҮҚеәҶи®әеқӣвҖқдёҠпјҢеҗүеҲ©жҺ§иӮЎйӣҶеӣўи‘ЈдәӢй•ҝжқҺд№ҰзҰҸеҸ‘иЎЁи§Ҷйў‘жј”и®Іж—¶з§°пјҢжҺҘдёӢжқҘе°ҶжңүеәҸвҖңе…іеҒң并иҪ¬вҖқеҗүеҲ©жұҪиҪҰйӣҶеӣўжңүйҷҗе…¬еҸёзӣёе…іеҶ—дҪҷдё»дҪ“пјҢйӣҶдёӯдјҳеҠҝиө„жәҗеҒҡејәеҗүеҲ©жұҪиҪҰжҺ§иӮЎжңүйҷҗе…¬еҸёж ёеҝғдёҠеёӮе№іеҸ°гҖӮжӯӨеүҚпјҢеҗүеҲ©еҸ‘еёғгҖҠеҸ°е·һе®ЈиЁҖгҖӢпјҢжҺЁеҠЁеҗүеҲ©гҖҒ银河гҖҒжһҒж°ӘгҖҒйўҶе…Ӣзӯүе“ҒзүҢж•ҙеҗҲдёҺеҚҸеҗҢпјҢжһҒж°Әе®ҢжҲҗз§ҒжңүеҢ–并е…Ҙж ёеҝғдёҠеёӮе№іеҸ°гҖӮжӯӨеӨ–пјҢеҘҮз‘һд№ҹеңЁз»„е»әз»ҹдёҖеӣҪеҶ…дёҡеҠЎдәӢдёҡзҫӨпјҢж•ҙеҗҲеӣӣеӨ§е“ҒзүҢдәӢдёҡйғЁз»ҹдёҖи°ғеәҰпјҢиҗҪең°вҖңдёҖдёӘеҘҮз‘һвҖқйӣҶдёӯеҢ–жҲҳз•ҘгҖӮ
з”ұжӯӨеҸҜи§ҒпјҢж”ҫејғвҖңеӨҡз”ҹеӯ©еӯҗжү“зҫӨжһ¶вҖқпјҢжҠҠеҲҶж•Јзҡ„дәәеҠӣгҖҒзү©еҠӣгҖҒиҙўеҠӣжҸЎжҲҗжӢіеӨҙпјҢйӣҶдёӯиө„жәҗеҒҡжңүж•ҲиҪҰеһӢгҖҒжңүж•Ҳе“ҒзүҢпјҢе·ІжҲҗдёәдё»жөҒиҮӘдё»иҪҰдјҒе…ұиҜҶпјҢиҝҷд№ҹжҳҜд»ҺвҖңжұҪиҪҰеӨ§еӣҪвҖқиө°еҗ‘вҖңжұҪиҪҰејәеӣҪвҖқзҡ„еҝ…з»Ҹд№Ӣи·ҜгҖӮ
еҰӮйңҖиҪ¬иҪҪиҜ·дёҺгҖҠжҜҸж—Ҙз»ҸжөҺж–°й—»гҖӢжҠҘзӨҫиҒ”зі»гҖӮ жңӘз»ҸгҖҠжҜҸж—Ҙз»ҸжөҺж–°й—»гҖӢжҠҘзӨҫжҺҲжқғпјҢдёҘзҰҒиҪ¬иҪҪжҲ–й•ңеғҸпјҢиҝқиҖ…еҝ…究гҖӮ
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зү№еҲ«жҸҗйҶ’ пјҡеҰӮжһңжҲ‘们дҪҝз”ЁдәҶжӮЁзҡ„еӣҫзүҮпјҢиҜ·дҪңиҖ…дёҺ жң¬з«ҷиҒ”зі» зҙўеҸ–зЁҝй…¬гҖӮеҰӮжӮЁдёҚеёҢжңӣдҪңе“ҒеҮәзҺ°еңЁжң¬з«ҷпјҢеҸҜиҒ”зі»жҲ‘们иҰҒжұӮж’ӨдёӢжӮЁзҡ„дҪңе“ҒгҖӮ
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