双方的合作由来已久，自2023年起，荣耀与比亚迪在手机NFC车钥匙领域实现技术突破，比亚迪车主可 使用荣耀手机轻松完成车辆解闭锁操作。至2024年，合作进一步扩展至车载快充场景。2025年，双方基 于手车互联技术底座深化协同，腾势品牌首先接入荣耀车联系统，同步陆续覆盖比亚迪全系品牌，实现 跨端交互与服务的无缝流转。 【新华企业资讯10月23日】10月21日，荣耀与比亚迪在深圳签署战略合作协议。双方将依托荣耀车联解 决方案与比亚迪 DiLink的全新一代智慧生态，以"人"为核心，基于用户智慧出行场景的需求，带来更 智能、更个性化的出行体验。 在荣耀终端股份有限公司CEO李健与比亚迪集团董事长兼总裁王传福的共同见证下，荣耀终端股份有限 公司产品线总裁方飞与比亚迪集团高级副总裁兼汽车新技术研究院院长杨冬生代表双方签署协议，正式 开启智慧出行深度合作新篇章。 荣耀与比亚迪此次战略携手，不仅是两家科技企业在技术与生态层面的深度协同，更是对未来智慧出行 形态的前瞻性布局。本次合作将聚焦核心技术与功能落地、渠道生态与用户权益、联合传播与用户触达 三条主线纵深推进。 在核心技术与功能落地层面，双方将持续深化跨端生态融合、AI ...

中国汽车工程学会名誉理事长，中国工程院院士，清华大学教授李骏表示，"十四五"以来，我国汽车产业深入贯彻落实总书记关于推动汽车产业高质量 发展的重要指示精神，通过高质量的科技供给，引领和推动汽车产业发展质效跃升，有力支撑汽车强国建设不断开创新局面。 一是产销规模大幅提升。2024年，我国汽车产量、销量双双突破3100万辆，创造历史新高，连续16年居世界第一。其中，新能源汽车销量由2020年的不 足140万辆，提升到2024年的接近1300万辆，市场占比也由5.4%提升至超过40%。 二是技术水平不断提高。过去五年，我国混动专用发动机有效热效率持续提升，动力电池单体成本降低30%，快充能力提升至4C及以上倍率，固液混合 电池、分布式电驱动系统等加速突破应用，纯电动乘用车新车平均续驶里程达到500公里，提升30%以上，L2级辅助驾驶功能在乘用车占新车中的应用比 例，已由约16%提升至超过60%。 三是生态建设卓有成效。我国构建了全球规模最大、配套完整、韧性强劲的汽车产业体系，形成了丰富多元的创新场景、开放包容的发展环境、日益完 善的基础设施网络，在燃料电池汽车推广、换电模式应用、智能网联汽车上路通行、车路云协同发展 ...

Domestic News - The Ministry of Commerce issued a notice regarding the distribution of a questionnaire for the anti-dumping investigation of related analog chips, which began on September 13, 2025, targeting imports from the United States [2] - Guangzhou's government aims to expand automotive consumption scenarios and support the large-scale development of the used car market as part of its consumption promotion plan [3] - From January to September 2025, the top ten automotive companies sold a total of 20.431 million vehicles, accounting for 83.9% of total automotive sales, with Dongfeng and GAC experiencing a decline in sales compared to the previous year [4] International News - The German Automotive Industry Association warned that the dispute over Nexperia, a semiconductor manufacturer, between China and the Netherlands could severely disrupt automotive production if unresolved [5] - France and Spain urged the EU to maintain the 2035 ban on the sale of internal combustion engine vehicles, emphasizing the importance of achieving zero emissions from vehicles by that date [5] Company News - Tesla is recalling 12,963 vehicles in the U.S. due to a potential loss of driving power caused by battery contactor failure [7] - Honor and BYD signed a strategic cooperation agreement to collaborate on technology and ecosystem development [8] - SAIC Volkswagen partnered with Neura Robotics to develop cognitive robotic systems aimed at enhancing production efficiency in automotive manufacturing [9] - Geely established a new company with a registered capital of 1 billion yuan, focusing on engineering research and battery manufacturing [10] - FAW Jiefang and Guoxuan High-Tech are seeking closer strategic cooperation to promote green transformation in China's commercial vehicle sector [11] - Jiangling Motors reported a net profit of 16.406 million yuan for Q3, a 93.94% year-on-year decline, with total revenue for the first three quarters down 1.59% [12] - Four-dimensional Map New announced it secured 5.85 million new intelligent driving solutions from 2024 to the first half of 2025, covering over 20 mainstream automakers [13]

Economic Indicators - In the first three quarters of 2025, the national per capita disposable income reached 32,509 yuan, with a nominal growth of 5.1% and a real growth of 5.2% after adjusting for price factors [2] - Urban residents had a per capita disposable income of 42,991 yuan, with a nominal growth of 4.4% and a real growth of 4.5%, while rural residents had 17,686 yuan, with a nominal growth of 5.7% and a real growth of 6.0% [2] - The income gap between regions remains significant, with high-income provinces like Shanghai and Beijing exceeding 65,000 yuan, while provinces like Gansu and Xinjiang are below 21,000 yuan, indicating a disparity of over three times [3] Gold Market - On October 21, international gold prices experienced their largest single-day drop in 12 years, with spot gold falling by 5.31% to $4,124.36 per ounce [4] - The decline in gold prices is attributed to a lack of support for the previous rapid increase, driven more by market sentiment than fundamentals, as geopolitical tensions ease and trade relations improve [4][5] - Short-term volatility in gold prices is expected to remain high, while the long-term outlook will depend on the global economic recovery or recession [5] Apple iPhone Launch - The launch of iPhone Air in mainland China saw a lukewarm response, with no long queues at major retail stores, contrasting sharply with the global launch of the iPhone 17 series [6] - The iPhone Air's pricing strategy at 7,999 yuan is considered high for Chinese consumers, and its exclusive support for eSIM technology may hinder adoption [6] - Despite the slow start for iPhone Air, the overall performance of the iPhone 17 series has been strong, with a 14% increase in sales compared to the previous generation [7] OpenAI Browser Launch - OpenAI launched its AI-driven web browser, ChatGPT Atlas, which allows users to interact with ChatGPT while browsing [8] - The browser is seen as a strategic move to enhance OpenAI's software ecosystem and compete directly with Google's Chrome, which has integrated AI features [8][9] - While Atlas offers similar functionalities to Chrome, it may face challenges in competing due to the established ecosystem of Chrome and its extensive plugin support [9] BYD's Strategic Partnership - BYD has entered a strategic partnership with Japan's AEON to establish sales points for electric vehicles in approximately 30 commercial facilities across Japan by 2025 [10] - The partnership aims to make BYD electric vehicles available at a starting price of around 2 million yen (approximately 94,000 yuan) [10] - Despite previous marketing efforts, BYD has faced challenges in gaining market share in Japan, highlighting the need for a more localized approach to consumer preferences [11][12] Pop Mart's Revenue Growth - Pop Mart reported a 245%-250% year-on-year increase in overall revenue for Q3 2025, with significant growth in both domestic and international markets [13] - The company's online sales growth outpaced offline sales, and its popular Labubu plush toy contributed to a substantial revenue increase in the first half of 2025 [13] - To combat the secondary market for its products, Pop Mart has implemented strategies such as increasing production and offering online pre-orders [14] Stock Trading App Usage - In September 2025, the monthly active user count for securities apps reached 175 million, marking a 0.74% increase from the previous month and a 9.73% year-on-year growth [15] - The number of new A-share accounts opened in September was 2.9372 million, a 60.73% increase year-on-year, indicating heightened interest in the stock market [15] - The rise in younger investors suggests that traditional brokerage firms may need to adapt to remain competitive in the evolving market landscape [16] Market Performance - On October 22, the stock market experienced slight fluctuations, with the Shanghai Composite Index closing down 0.07% [17] - Market activity was characterized by a decrease in trading volume, with a focus on sectors like deep earth economy and banking, while battery stocks faced declines [17][18] - Anticipation of upcoming trade negotiations and policy meetings may influence market sentiment and trading activity in the near term [18]

"随着新能源汽车的快速发展，充电基础设施将更加细分。行业需从价格竞争转向服务竞争，提升服务 品质。"仝宗旗说，未来，行业要找准自身定位，发展生态合作模式，进入提升充电服务品质的新阶 段。 近日，国家发展改革委、国家能源局等6部门联合印发《电动汽车充电设施服务能力"三年倍增"行动方 案(2025—2027年)》(以下简称《方案》)，明确到2027年底，全国将建成2800万个充电设施，提供超3亿 千瓦公共充电容量，满足超8000万辆电动汽车充电需求，实现充电服务能力翻倍增长。这一顶层设计的 出台，标志着我国充电基础设施进入规模化建设与模式创新并重的新阶段。 充电基础设施是新能源汽车快速发展的关键支撑，市场增长空间非常大。中国电动汽车充电基础设施促 进联盟副秘书长仝宗旗认为，《方案》不仅明确了发展目标和路径，还细化了管理部门职责与地方落地 指引。 政策发力的背后，是新能源汽车市场需求强劲的现状。公安部数据显示，截至今年6月底，全国新能源 汽车保有量达3689万辆，占汽车总量的10.27%。与之配套的充电基础设施建设也取得显著成效，截至 今年8月底，全国充电基础设施(枪)总量达1734.8万台、换电站4946座，已建 ...

·深圳市地方金融管理局等多部门印发《深圳市推动并购重组高质量发展行动方案（2025—2027 年）》。 ·鸿蒙6正式发布，并面向首批90多款机型开启规模公测。 ·荣耀与比亚迪正式签署战略合作协议。 上证精选 ·深圳市地方金融管理局等多部门印发《深圳市推动并购重组高质量发展行动方案（2025—2027年）》 （下称《方案》）。《方案》指出，力争到2027年底，辖区上市公司质量全面提升，境内外上市公司总 市值突破20万亿元，培育形成千亿级市值企业20家。《方案》还在建立上市公司并购重组标的项目库、 丰富拓展并购重组融资渠道、构建支持并购重组的耐心资本体系、鼓励社会资本参与并购重组、联通香 港资本市场打通境内外并购资源、搭建一流并购重组服务平台、优化并购重组市场服务生态、加强对并 购重组活动的风险防控、强化并购重组工作机制和保障措施等方面，明确了重点任务。 ·上海市统计局数据显示，今年前三季度，上海全市实现地区生产总值40721.17亿元，同比增长5.5%。 值得关注的是，今年前三季度，上海三大先导产业制造业产值同比增长8.5%，增速快于全市规模以上 工业总产值2.8个百分点。其中，人工智能制造业增长12.8%，集 ...

| 2025年10月23日星期四| NO.2中汽协：1至9月汽车销量排名前十企业共销售2043.1万辆 10月22日，中汽协数据公众号发布了前9月汽车销量排名前十位的企业(集团)销售情况。据中国汽车工 业协会统计分析，2025年1至9月，汽车销量排名前十位的企业(集团)共销售2043.1万辆，占汽车销售总 量的83.9%。十家企业中，与去年同期相比，东风公司和广汽集团销量呈不同程度下降，其他企业销量 均呈不同程度增长。 点评：根据中汽协的最新数据，前9月汽车销量前十名企业销售情况凸显了行业内的分化格局。整体而 言，这一数据传递出汽车行业强烈的转型信号，值得市场各方深入分析。 NO.1工信部就修订《车辆出厂合格证》公开征集意见 10月21日，工业和信息化部科技司官网公开征集对《车辆出厂合格证》强制性国家标准制修订计划项目 的意见。官网指出，《车辆出厂合格证》作为机动车出厂合格证明的技术依据，自实施以来发挥了重要 作用。然而，面对新能源汽车电池溯源等新需求，现行标准的部分条款需要进行补充及优化，从而顺应 当前行业发展趋势。 合格证包括组合驾驶辅助系统、储能装置单体及总成等关键信息为核心，在合格证上完整、准确地展示 ...

Group 1: Regulatory Changes - The Ministry of Industry and Information Technology is soliciting opinions on the revision of the mandatory national standard for the Vehicle Factory Certificate, highlighting the need for updates to meet new demands such as battery traceability for electric vehicles [1] - The revised certificate will include key information on advanced driving assistance systems and energy storage devices, aiming to enhance supervision and management of smart connected vehicles and new energy vehicles [1] - The updates are expected to improve information transparency and bolster consumer confidence in product safety, while providing technical standards for companies to promote healthy industry development [1] Group 2: Automotive Sales Data - In the first nine months of 2025, the top ten automotive companies sold a total of 20.431 million vehicles, accounting for 83.9% of total automotive sales [2] - Among these companies, Dongfeng Motor and GAC Group experienced varying degrees of sales decline compared to the same period last year, while other companies saw sales growth [2] - This data indicates a significant transformation within the automotive industry, suggesting a need for deeper market analysis [2] Group 3: Company Developments - Leap Motor has established an international import and export company in Jinhua, indicating a key advancement in its market expansion and globalization efforts in the new energy vehicle sector [3] - The new company will engage in various activities, including the sale of new energy vehicles and related components, which is expected to enhance Leap Motor's sales channels in overseas markets [3] - This move may attract investor interest in the company's international growth potential and contribute to the competitiveness of the new energy vehicle industry globally [3] Group 4: Strategic Partnerships - BYD and Honor have announced a strategic partnership to integrate mobile and automotive ecosystems, exploring possibilities for smart travel [4] - The collaboration will leverage Honor's vehicle networking solutions and BYD's DiLink smart ecosystem to create a high-end, intelligent travel experience for users [4] - This partnership signifies a deeper integration in the smart travel sector, potentially stimulating market interest and investment in smart travel solutions [4]

Group 1 - The core objective of the "Three-Year Doubling Action Plan" is to establish 28 million charging facilities by the end of 2027, providing over 300 million kilowatts of public charging capacity to meet the charging needs of over 80 million electric vehicles, marking a significant growth in charging service capacity [1][4] - The charging infrastructure industry is transitioning from a focus on quantity to quality improvement, with five key actions outlined in the plan aimed at enhancing public charging facilities, optimizing residential charging conditions, promoting vehicle-grid interaction, improving power supply capacity, and enhancing operational services [2][3] - The rapid growth of electric vehicle ownership, reaching 36.89 million units by mid-2023, has driven significant advancements in charging infrastructure, which now includes 17.348 million charging units and 4,946 battery swap stations, making it the largest and most comprehensive charging network globally [1][2] Group 2 - The industry is expected to shift from price competition to service competition, focusing on improving service quality and customer experience as electric vehicle adoption continues to rise [3] - Companies like BYD are innovating in the charging infrastructure space, launching the world's first mass-produced megawatt fast charging platform and integrated solar-storage-charging stations, aiming for commercial rollout by 2026 [2][3] - The plan emphasizes equitable and inclusive upgrades to the charging network, with a target to add at least 14,000 direct current charging guns in rural areas lacking public charging stations, ensuring comprehensive coverage and meeting peak demand during holidays [4]

10月13日至16日召开的OCP全球峰会上，英伟达发布800V直流架构白皮书。罗兰贝格副合伙人、能源 行业首席专家傅强对上海证券报记者表示："800V HVDC（800V高压直流输电）极可能成为未来AI数 据中心的主流技术方向之一。" 记者采访了解到，英伟达引领的新直流架构可能为电力电子技术、新能源（绿电+储能）两大类行业带 来机遇。前者主要负责AIDC（智算中心）电能变换、分配和控制，后者则提供清洁稳定便宜的电力。 电力电子企业英诺赛科、麦格米特等因HVDC受到市场持续关注，宁德时代、双登股份、阳光电源、协 鑫集团等新能源企业正在布局相关领域。 电力电子企业受到关键影响 "800V HVDC的普及不是简单的产品替换，而是一次供电架构的升级。它将带动从核心元器件到系统集 成、再到运维服务的整个产业链发生变革，技术壁垒和单机价值量将同步提升。"傅强分析称。 受到最关键影响的环节是上游元器件的技术升级，因为800V乃至更高电压平台对开关器件的工作频 率、耐压和效率要求极高。所涉关键器件包括SiC（碳化硅）功率半导体、磁性元件设计、直流链路电 容、直流断路器等。其他重要的环节有数据中心集成，先进的冷却系统方案等。 ...