瑞银欧洲与美国汽车日报（2026年9月18日）汇总多项汽车行业动态。沃尔沃汽车战略更新反馈显示，公司仍以EBIT利润率超过8%为目标（2026年上半年为1.6%），驱动因素包括电动化、区域化、吉利协同与费用下降，短期仍面临中国价格压力、关税、汇率、低产能利用率与原材料等逆风；市场已充分反映其长期财务目标，预计股价影响中性。欧盟据报要求中国将插电混动汽车出口限制在约15%（当前约三分之一），若中方不限制欧盟或将采取措施。中国8月新能源车批发渗透率达64%，同比提升12个百分点；汽车出口88.8万辆、同比增长91%，电动车出口渗透率58%；动力电池销量146.8GWh、同比增长48%，碳酸锂价格环比下跌14%。通用汽车旗下GM Defense向洛克希德·马丁交付首批PAC-3导弹部件，显示汽车制造商可助力扩大国防制造基础。
UBS European & US Autos Daily (18 September 2026) summarises key sector developments. Volvo Car's strategy update feedback: the company continues to target an EBIT margin above 8% (vs 1.6% in H1 2026), driven by electrification, regionalisation, Geely synergies and lower overheads, while near-term headwinds remain China pricing pressure, tariffs, FX, low plant utilisation and raw materials; the market already discounts the long-term targets, so the share impact is likely neutral. The EU is reportedly asking China to voluntarily limit PHEV exports to about 15% versus the current one-third run rate. In China, August NEV wholesale penetration reached 64% (+12ppt YoY), vehicle exports rose 91% YoY to 888k units with 58% EV export penetration, EV battery sales reached 146.8GWh (+48% YoY) and battery-grade lithium carbonate prices fell 14% MoM. GM Defense delivered its first PAC-3 missile housing components to Lockheed Martin, showing automakers can help broaden the defence manufacturing bas