wen | yuansight anran

yadizhengzaicuoguozuowen“xingyeyige”delishixingjiyu。

10yue23ri，yadishangxin。qizhong，yadiguannengxingjians80qijianbanqijia11999yuan，zhanshangwanyuanjiagedai；xingnengbanqijia6399yuan，chajiajinyibei。

xingjians80qijianbancaiyongdeshictplidianchi，pei3000wdianji，zuigaoshisu80km/h，kuangbaomoshikeshunjianbiaoshengzhi85km/h；changgui4xiaoshineimandianwai，dianlianghaojinxiakeyi“chongdian10fenzhong，xuhang16gongli”；tongshi，qijianbanhaiyongyouqichejishuangtongdaofashiabshetcs 2.0zidongkongzhixitongdenganquanbaozhang。

yadiguanfangjiangqidingweiwei“gaopinzhixingnengdamowang”，chengqi“zuyipimeishiwanjibiedeyoumo”，mengcaigaoduanhuazhanlvede“dibanyou”。

jiuzaishutianqian，yadidelaoduishouaimazaoyugaocengdizhen，gongsishijikongzhiren、dongshizhangjianzongjinglizhangjianbeichengdeshijianchaweiyuanhuiliuzhi、liandiaocha。xiaoxifabuciri，aimagujiakaipanhouchujidieting，shizhiyirizhineizhengfayue20yiyuan。

zuoweiaimazuidadejingzhengduishou，yadilveguozhijiechongjidiandongliangluncheshuangguatougeju、cunliangchuqingdejihui，zhibenpinpaichonggao。zaixingyejinrucunliangneijuandejushixia，yadipashihennanzaiyuruci“qianzainanfeng”dejihui。

无土之木

shishishang，yadidegaoduanzhinianyouqikaolv。

zhengcemianshang，genjushichangjianguanzongju、gongxinbudengduobumenlianhegonggao，congjinnian11yue1riqi，xiudinghoudediandongzixingcheqiangzhixingguojiabiaozhunshishi，bufuhexiangguanyaoqiudediandongzixingchebudeshengchan、xiaoshou。

cong2018nianzhijin，guoneidiandonglianglunchexingyejingliduolunzhunruguifan，anquanjianguanquyandeqingkuangxia，jishushengjichanpinxingnengyouhuachengweiqiyefazhandezhongyaoyihuan，chaojishuxianggaoduanxiangshengjifazhanyejiubiandeshuidaoqucheng。

lingyifangmian，zaiqianqideshichangjingzhengzhong，yadizaoyitongguopinjiagejuanxingjiabidefangshihuodechenggong，danzaigaoduanhuafangmianrengwuyoulijianshu。huoxushiwannilejiagezhan，qitutongguozhinenghuagaoduanhuabaituodijiajingzheng、tishenglirun，yadijianchiyaozaixingyegaoduanshichangyefenyibeigeng。

danyinshizhiyi，yadidechonggaojihuakongpananyiyouxiaozhankai。

yifangmianshi，muqianguoneidiandonglianglunchexiaofeishengjideyalijiaoda。zaijinnianyiqingchongjiyujingjixiaxingyalixia，juminshouruzengzhangfanghuan，xiaofeinenglixiajiang。

guojiatongjijushujuxianshi，jinnianqiansanjidu，quanguojuminrenjunkezhipeishourubiquniantongqimingyizengzhang5.2%，shijizengzhang4.9%；renjunxiaofeizhichumingyizengzhang5.6%，shijizengzhang5.3%。

图源：艾瑞咨询

《2024niansanjiduzhongguoxiaofeizhexiaofeiyiyuandiaochabaogao》biaoshi，yuerjiduxiangbi，jinniansanjiduzhongguoxiaofeizhexiaofeiyiyuanzhishuxiajiang3.9dian。qizhong，daibiaodangqianxiaofeiyiyuandejiqixiaofeiyiyuanzhishuwei111.7，xiajiang1.9dian；daibiaoweilaixiaofeiyiyuandeyuqixiaofeiyiyuanzhishuwei135.3，xiajiang5.9dian。

lixinshujuyanjiuyuanyuanzhangpanjianchengzhichu，“chaoliuchengdexiaofeizherenweishichangxiaofeijiagepiangao，zheiyuxiaofeizheshourujishijigoumailixiajiangyouzhijieguanxi。”

yuansightzhuyidao，jiezhi10yue30ri，zaijingdongdeyadiguanfangqijiandian，2000-4000yuanjiagequjiandediandonglianglunchejiaoweirexiao，chuxiangoumaipingjiashuguowan；4000yuanyishangchanpinxiaoliangdijian；chaowanyuandediandonglianglunchejinshangjialiangkuan，baokuolexinpinguannengxingjians80qijianban，hejixiaoliangjinwei1liang。

danggaoduanhualuxianyushangxiaofeijiangji，yadidegaoduanmengduanqineishoucuonanyibimian。

lingyifangmian，diandongliangluncheyeyizhimianlinweigaoduandezhengyi。

shouxian，xingyegaoduanluxianbumingque，chanpingaijinkongjianyouxian。yiliangdiandonglianglunchezhuyaoyoudianchi、dianjihechejiasanbufenzucheng，gechangshangzaigaijinshizhuyaozaidianchi、dianjidiedaishangzuogengxin，quefatupoxingchuangxingongnengchansheng，qitarujiandandezhinenghuacaozuo、waiguanshejigaijinduidabufenxiaofeizheyouxingrujilei。

ludashishujuxianshi，2022nian，yeneizhuyaopinpaidefamingzhuanlizhanbijinzhan14.9%，qizhongwaiguanzhuanlizhanbigaoda51%。guanjianshi，zhei14.9%dechuangxinyejibenshiweigaijin，feipohuaixingchuangxin。duipinpairezhongdezhinenghuachuangxin，airuizixunyanjiubiaoshi，jinyou21%delianglundiancheyonghuguanzhuguozhinenghuagongneng。

qici，congxuqiuduanlaikan，xiaofeizhemuqianduigaoduandiandonglianglunchedexuqiuyebugouqianglie。ludashishujuxianshi，xiaofeizhegouchejiagejizhongzai3000-5000yuan，yongyou2000-3000yuanjiaweiduanlianglundiandongchedeyonghuzhanbichao30%；yongyou3000-4000yuanjiaweiduandezhanbichao25%；yongyou2000yuanyixiajiaweiduandezhanbiyechao25%。zaizheizhongtiaojianxia，yadidegaoduanhuaxinjishu、xingainiantuixingxiandegengweijiannan。

yadiyitonggaoduanhuadecaozuoxialai，qishishouxiaoshenwei，juairuizixun《2023nianzhongguolianglundiandongchexingyebaipishu》，7000yuanyishangdelianglundiandongcheshichangzhong，yadideshichangfenejinwei4.1%，jiuhaohexiaoniuliangjiajiuzhanjule95.5%deshichangfene。

tuiyibujiang，jibianyadichenggongqierugaoduansaidao，riziyebingbuhaoguo，congqitatoubugongsidejingyukepiejianyier。2022nian，xiaoniujinglirunkuisunwei4946.31wanyuan，2023niankuodazhi2.72yiyuan。gaoduanhuayaofuchuchengbenzuoweidaijia。xiaoniudiandongjieshicheng，yejixiahuazhuyaoyouyulidianchizhangjia，zaochengchengbenshangsheng。juxiaoniudiandongceoliyanbiaoshi，2022-2023nian，lidianjiagezhangleqicheng。

2023nian，xiaoniuxiaoliangyoushangyiniande83wanliangxiajiangzhi71wanliang。mianduixiaoliangxiahua，xiaoniuyechengbuzhujiangjiale。caibaoxianshi，2024niandierjidu，xiaoniumeiliangdiandongcheshourubiquniantongqixiajiangyue250yuan。tongguo“yijiahuanliang”，dangqixiaoniudiandongchexiaoliangtongbizengzhang20.8%。danjinguanruci，jinnianshangbannianxiaoniurengzengshoubuzengli，kuisuntongbikuoda。

新机遇

jiuzaiyadigaoduanhuazhanlvexianrukundunzhiji，youshangzaoyudeyiwai，huobianxiangliuchushichangkongbai。

10yuezhongxun，aimakejigonggaocheng，gongsishijikongzhiren、dongshizhangjianzongjinglizhangjianbeichengdeshijianchaweiyuanhuiliuzhi、liandiaocha。xiaoxifabuciri，aimagujiakaipanhouchujidieting，shizhiyirizhineizhengfayue20yiyuan。

wuloupianfenglianyeyu。zuijinjigeyue，aimalianxuzaoyugongsigudong、gaoguanjianchijinqianwangu。ciwai，aimadiandongcheshouduodishichangjianguanbumenchoujianbuhege；zaiheimaodengtousupingtaishang，xiaofeizheguanyuaimadiandongchechanpinzhiliangdetousuyecengchubuqiong，zheixiedourangaimadechujingxueshangjiashuang。

duiyuyadilaishuo，zaishichangduguohongliqizhihou，yixianruzengzhangpingjing，nanyoucidengliangji。

2018nian，guoneidiandonglianglunchexinguobiaodefabuzhengcecuishengfeiguobiaochetihuanchao。airuizixunyanjiubaogaoxianshi，suizhezhengcedezhubutuixing，diandongliangluncheshichangshixian3-5niandezengzhang。

shouyiyuxinguobiaodeshishi，zaichengbenzengjia、zhunrumenjiantaigaodeqingkuangxia，xiaopinpaizhujianbeitaotai，yadi、aima、lvyuandengdiandonglianglunchetoubuqiyechengshikuozhang。qizhong，yadi、aimashuangshuangzai2019niankuaguobaiyiyingshoudaguan，chubudiandingguoneidiandongliangluncheshuangguatougeju。

2017nianyiqian，aimayizhizhanjuxingyexiaolianglongtoudiwei，zaixinguobiaoshixingdetongshi，yaditongguozhudongfaqijiagezhan，congxiaoliangshangzhujianchaoguoaima，zaishichangfeneshangzhubuchaoyue，bingzai2022nianlvxiantuposanbaiwanyingshoumenjian。

dansuixinguobiaozhengcehuanmanluomu，zheilundiandongzixingchetihuanhongliqijibenjianding。guoneilianglundiandongcheshichangxiaoliangjianghuiguidaochangtaitihuan、shaoliangxinzengdezhuangkuang，duiyadimenshiyixiangbuxiaodedaji。

xingyechannengrengzaizengzhang。gongxinbutongjishujuxianshi，jiezhi2023niandi，woguoyoubaokuodiandongzixingchezaineidezhudongchezhizaoxingyeguimoyishangqiye738jia，nianchanliang4228wanliang，tongbizengzhang3.8%，jin5nianchanliangnianjunzengsuwei11.8%。

yadidangxiayeyou“qukucun”dexianshiyali，jiezhijinnianzhong，yadicunhuowei16.53yiyuan，yuangaoyu2023niantongqihe2022niantongqi。jishiduibinianducunhuoshuju，yechaoguolezuigaofeng2022nianmode15yiyuan。

yinci，yadizaigaoduanhuazhanlveshoucuodeqingkuangxia，tangruojiangmubiaojujiaozaipaoliangdezhongyaobulingyu，bujinnengjinyibuwendinggongsidejingyingjibenpan，yasuoyoushangdejingyingkongjian，hainengzaicunliangshichangjieduanjiejuexianshidekucunyali。

放虎归山

suiranyadirujinchuyuyoulidiwei，danaimayesuandeshang“poyoujiazi”，jubeiniuzhuanjushideshili。

chengliyu1999niandeaima，2004niancaicongzixingchezhuanxiangdiandongzixingchelingyu。2009nian，zhangjianbuxichijuzi3000wanpinqingzhoujielunzuodaiyan。suizhe“ai，jiumashangxingdong”dekouhaochuanbiandajiangnanbei，aimadiandongcheyexunsudakaizhimingdu。2010nian，aimakuangmai220duowanliangdiandongche，yijuchaoyuexinri，chengweixingyexinlaoda。

zhidaoyadicongjiagezhanzhongbadetouchou，aimacaishoudaoyazhi。guohaizhengquanyanbaoxianshi，2018-2021nian，yadideshizhanlvcong16.3%shengzhi27.9%，tongqiaimadeshizhanlvcong14.0%shengzhi16.8%。

danbukehushideshi，aimazaidiandongchexingyerujujiaozao，gengyunshenhou。gongkaixinxixianshi，aimazhangmenrenzhangjianyuxiaoniaodiandongchedezhanghong、bubuxiandiandongsanlunchedezhangru，shizeweiyijiaren，aimajiazukancheng“zhongguodediandongchejiazu”，zaiyeneiyingxiangliburongxiaoqu。

chulexingyepubianmianlindexiaofeixuqiuhexiaoliangxiajiangdeyingxiang，yadiyouyugaoduancelvetuijin、yanfatouruzengjiadengyuanyin，gongsijinglirunkongjianjinyibubeicanshi，chuxianxiahua。yuzhiduibi，aimarengbaochizhunianzengzhang，erzheyinglishuipingzhujiankaojin。

数据来源：公司财报

ciwai，suiranshikongrenzhangjianbeiliuzhi、gaoguanjianchidengfumianxiaoxiyiduchongjigujia，danmuqianlaikan，shangweiduiaimaerjishichangchanshengzhongdayingxiang。jiezhi10yue30rishoupan，aimakejizongshizhijiaoliuzhitufashiyousuohuifu，cong276.35yiyuanhuidao304.96yiyuan。

jinnian11yue1riqi，xindediandongliangluncheguobiaojiangtuixing。kaiyuanzhengquanyanbaorenwei，xinguobiaoxiudinghouxingyedizhiqiyehuozaiduchuqing，xingyefenejinyibuxianglongtoujizhong。haitongzhengquanfenxishiguoqinglongbiaoshi，diandongerlunchexinguobiaozhengqiuyijiangaochutai、8yuediyijiuhuanxinzhengcedechutaiyouwangyouxiaocijiyonghuxuqiu。

aimazuoweidiandonglianglunchetoubuqiye，baokuokaiyuanzhengquanzaineideduojiaquanshangyuji，qiyejiangshouyiyuxingyegaishan，2025nianhuojiangyinglaiguaidian。suiranxingyegaishanduiyeneiqitatoubutongyangyouyi，danduiyadilaishuo，cuoguocicinandejiyu，zijiyuaimadechajuhuojiangjixusuoxiao，yeneidiyideweizhinanyiguruojintang。