Core Viewpoint - The solid-state battery industry is entering a critical phase, with many companies planning to achieve small-scale production by 2027 and large-scale production by 2030, marking a countdown to mass production within five years [2][5][11]. Summary by Sections Event Announcement - The 2025 High-Performance Lithium Battery Annual Conference will be held from November 18-20, 2025, in Shenzhen, China, celebrating the 15th anniversary of the event and the High-Performance Golden Ball Awards [2]. Company Progress and Production Plans - CATL plans to produce a solid-state battery with an energy density of 500Wh/kg by 2027 [4]. - BYD aims for a 400Wh/kg battery with demonstration production in 2027 and large-scale production by 2030 [4]. - Other companies like A123, LG New Energy, and Panasonic have set various targets for solid-state battery production between 2025 and 2030, with energy densities ranging from 400Wh/kg to 720Wh/kg [4]. Industry Dynamics - The phrase "five years again and again" reflects skepticism about the solid-state battery's progress, but recent advancements in various applications signal a shift in this perception [5][6]. - The countdown to the last five years is now seen as a clear signal of the solid-state battery's transition into practical application [6]. Capacity Planning - Companies are planning significant production capacities, with firms like Weilan New Energy and Qingtao Energy targeting capacities of 128.2GWh and 10GWh respectively across multiple locations [8]. Application Developments - SAIC Group's MG brand will use semi-solid-state batteries in its MG4 electric vehicle, enhancing range and safety, indicating a move towards broader consumer adoption [9]. - Nandu Power signed a 2.8GWh order for independent energy storage using its semi-solid-state battery, showcasing market recognition of the technology [9]. - In the eVTOL sector, Funeng Technology has delivered semi-solid-state batteries to a leading U.S. eVTOL customer, marking a significant achievement in aviation-grade battery technology [10]. - Funeng Technology is also engaging with humanoid robot manufacturers to supply solid-state batteries, indicating a growing interest in this technology across various sectors [11]. Future Outlook - The next five years will be crucial for solid-state battery technology, with material innovation, production line optimization, and policy collaboration being key factors influencing the speed of technology implementation [11].

从制造到创造，从不可能到可能。《晚点LatePost》旗下汽车品牌。 以下文章来源于晚点Auto ，作者晚点团队 晚点Auto . 大部分供应商 60 天内只能拿到承兑汇票或单据。 文 丨 司雯雯 李梓楠 编辑 丨 宋玮 "你有点天真"，8 月 11 日，距离 17 家车企集中高调宣布将零部件账期缩短至 60 天的宣言正好 60 天 后，一位供应商对晚点说。 我们询问了近 10 家不同规模的供应商，车企确实调整了账期，但 60 天后大部分供应商看到的是汇票 或者单据，不是现金。60 天账期的要求目前并未限定付款方式，车企有足够的逃避空间。 一位投资者说，车企对年营收 4 亿元的中小零部件公司的账期将会逐渐缩减至 60 天，不打折扣，"现 在做不到的车企也在想办法，小企业账期是红线。" 一位比亚迪供应商说，比亚迪汽车正在将中小微 供应商账期缩短为 60 天现金支付。 至于积压着更多应收账款的大型供应商，账期并没有明显改善。一家市值近千亿的供应商高管说，他 们不指望车企改善账期，只要别继续拉长就 "谢天谢地" 了。 "60 天账期" 是这一轮汽车业反内卷最受关注的行动。账期以外，工信部等部门还开启价格和成本调 查 ...

Core Viewpoint - The Chinese electric vehicle market is experiencing rapid growth, with Geely emerging as a strong competitor to BYD, significantly increasing its market share and sales figures in the first half of the year [2][4]. Group 1: Sales Performance - Geely's sales reached 1.409 million units in the first half of the year, a year-on-year increase of 47%, with revenue of 150.28 billion yuan, up 27% [2][6]. - Geely's market share in the new energy vehicle sector has risen to 11.44%, narrowing the gap with BYD to less than 18 percentage points [2][4]. - Geely has revised its annual sales target from 2.71 million to 3 million units, indicating confidence in its growth trajectory [2][6]. Group 2: Product Strategy - The Geely Galaxy brand has been pivotal in driving growth, selling 548,400 vehicles in the first half, accounting for over 70% of Geely's new energy sales, with a staggering 232% year-on-year increase [4][5]. - Geely's strategy involves targeting various vehicle segments, with new models like the Galaxy L7, L6, and E8 launched to compete directly with BYD [5][8]. - The Galaxy A7 has entered the market at competitive prices, undercutting BYD's models, which has helped Geely capture market share rapidly [7][8]. Group 3: Future Plans and Challenges - Geely aims to fill market gaps in the new energy sector, with plans for additional model launches in the second half of the year [8][12]. - Despite current successes, Geely faces challenges in surpassing BYD, particularly in cost control and high-end market positioning [10][11]. - Geely's global expansion is crucial, with plans to enter multiple international markets, although its export volume has seen a decline [12][13]. Group 4: Technological Advancements - Geely is focusing on enhancing its smart driving capabilities by integrating various teams and resources to improve its technological edge [15][17]. - The competition in the electric vehicle market is shifting towards high-end products, global reach, and advanced technology, necessitating Geely to innovate beyond just cost-effectiveness [17].

大部分供应商 60 天内只能拿到承兑汇票或单据。 文 丨 司雯雯 李梓楠 编辑 丨 宋玮 我们询问了近 10 家不同规模的供应商，车企确实调整了账期，但 60 天后大部分供应商看到的是汇票 或者单据，不是现金。60 天账期的要求目前并未限定付款方式，车企有足够的逃避空间。 一位投资者说，车企对年营收 4 亿元的中小零部件公司的账期将会逐渐缩减至 60 天，不打折扣，"现 在做不到的车企也在想办法，小企业账期是红线。" 一位比亚迪供应商说，比亚迪汽车正在将中小微 供应商账期缩短为 60 天现金支付。 至于积压着更多应收账款的大型供应商，账期并没有明显改善。一家市值近千亿的供应商高管说，他 们不指望车企改善账期，只要别继续拉长就 "谢天谢地" 了。 "60 天账期" 是这一轮汽车业反内卷最受关注的行动。账期以外，工信部等部门还开启价格和成本调 查，意图打击车企违规降价。 据我们了解，多家头部车企已经收到禁止 "一口价" 卖车的要求。但多位车企人士都说，不 "一口价" 卖车不意味着价格战结束，他们可以增配不涨价。 我们接触的每一位从业者都不相信依靠 "行业自律" 可以让汽车业走出内卷，因为他们都不相信竞争对 手。他 ...

8月14日，比亚迪郑州全地形赛车场正式开业。 比亚迪集团品牌及公关处总经理李云飞表示，该赛车场的建立意在构建起覆盖极致驾控、专业培训、品 牌活动及新能源汽车文化科普的全场景服务生态，让全民共享赛道操控新体验。 除合肥、郑州外，比亚迪绍兴赛车场即将在明年年初开放。 根据规划，比亚迪将在华东地区建造自然山地越野基地，占地2000亩，海拔500米。 事实上，比亚迪全地形赛车场绝并简单的场景叠加，而是汽车体验生态的重构升级。全地形赛车场，既 是新能源技术展示窗口，也是汽车文化大众化桥梁。中国汽车运动文化的兴盛也被认为是汽车大国迈向 强国的"成人礼"。 目前，比亚迪因销量基数庞大被消费者广为熟知，今年前7个月其累计销量达249.03万辆，同比提升 27.35%，居全球新能源销量榜首。 （文章来源：国际金融报） 不同于传统赛车场的单一赛道设计，该赛车场除了传统的1758米赛道外，还包含了全国特色地形，浮水 航行、沙漠冲坡等并不常见于赛车场的非常规场地。 同时，该赛车场可模拟冰道，以湿抛光水泥面模拟冰雪路面，通过可移动抽板模拟被动失控场景，让用 户在复现的危险场景中学会失控救车；44米直径低摩擦环形道，采取3万多块玄武岩砖 ...

Core Insights - The global clean energy innovation has stagnated in recent years, particularly when excluding China's contributions, as highlighted by Ember's analysis of European Patent Office data [1] - China has seen a dramatic increase in competitive clean energy patent applications, from 18 in 2000 to over 5,000 in 2022, establishing its dominant position in the global clean energy sector [1][3] - The rise in high-quality patents, defined as those filed in two or more countries, indicates a shift from China being a "follower" to becoming an "innovator" in clean energy technologies [2][3] Patent Trends - In 2022, China filed more than double the number of high-quality clean energy patents compared to the United States, with a steady increase in the proportion of high-quality patents [3] - The European Patent Office defines high-quality patents based on the investment made by companies to protect their inventions across multiple markets [2] Government and Industry Support - China's advancements in clean energy are attributed to a mature academic research environment and strategic government initiatives, such as the "Made in China 2025" plan, which aims for 80% domestic market share in key industries by 2025 [6] - The scale of investment in clean energy by China is unmatched by Western countries, allowing for the development of a comprehensive supply chain [6] Technological Innovations - Chinese companies, such as BYD and CATL, have innovated in electric vehicle battery technology, opting for cost-effective lithium iron phosphate formulations over traditional nickel-cobalt options, leading to significant improvements in battery performance and safety [7] - CATL's research team has developed a technology that reduces the risk of battery fires, earning recognition with the 2023 European Inventor Award [7][9] Research Output - China leads in the number of widely cited technical papers in battery technology, with 65.5% of such papers originating from Chinese researchers, compared to 12% from the United States [9] - The number of peer-reviewed papers published by Chinese researchers in the clean energy field is significantly higher than that of other countries [12] Strategic Measures - China is taking steps to prevent technology outflow, as evidenced by the recent updates to its export control list, which includes restrictions on battery cathode material technologies [13] - Analysts suggest that without equivalent investment from other countries in clean energy research, China's dominance in battery production will continue to strengthen [13]

Core Insights - Geely Automobile reported a revenue of 150.28 billion yuan for the first half of 2023, marking a 27% year-on-year increase, while net profit attributable to shareholders decreased by 14% to 9.29 billion yuan [1][5] - The company achieved a sales volume of 1.409 million vehicles, a 47% increase year-on-year, making it one of the fastest-growing car manufacturers in China [3][9] - Geely's Galaxy brand saw exceptional growth, with sales reaching 548,000 units, a staggering 232% increase year-on-year [3][7] Financial Performance - Revenue reached a historical high of 150.28 billion yuan, while net profit fell to 9.29 billion yuan, primarily due to a one-time gain from a transaction with Renault in the previous year [5][11] - The gross profit margin slightly decreased by 0.3 percentage points to 16.4% [5][7] - Core net profit, excluding foreign exchange losses, was 6.66 billion yuan, representing a 102% increase compared to the previous year [5] Market Position and Strategy - Geely is narrowing the market share gap with leading competitors like BYD, with the difference now reduced to 4 percentage points [3][11] - The company plans to increase its annual sales target from 2.71 million to 3 million vehicles [9][10] - The merger with Zeekr is ongoing, with shareholder meetings scheduled for September to finalize the legal completion of the merger [10][11] Product Development and Sales - Geely Galaxy has become the main force in the company's new energy vehicle segment, contributing over half of the group's total new energy vehicle sales [7][9] - The company plans to launch several new models, including the Galaxy A7 and Galaxy M9, aiming for a total sales target of 1 million units for the Galaxy brand [10][11] - The Lynk & Co brand sold 154,000 vehicles, a 22% increase, while Zeekr's sales reached 91,000 units, a 3% increase [8]

Core Viewpoint - BYD has opened its second racetrack in Zhengzhou and plans to establish more racetracks in the coming years, indicating a strategic expansion in motorsport facilities [1] Group 1: Racetrack Developments - The Zhengzhou racetrack opened on August 14, marking BYD's second facility of this kind [1] - BYD's General Manager of Brand and Public Relations, Li Yunfei, announced that the Shaoxing racetrack is expected to be completed by 2026 [1] - In January 2024, BYD Chairman Wang Chuanfu revealed an investment of 5 billion yuan to build the world's first professional all-terrain racetracks [1] Group 2: Future Plans - Li Yunfei emphasized that the current announcement includes only the first three racetracks, with more expected to open in the coming years [1] - BYD is also constructing a test track in Nanning, which is set to be completed by 2026 [1] - Upon completion, BYD will have racetracks in Hefei, Zhengzhou, and Shaoxing, along with test tracks in Xi'an, Shenzhen, and Nanning [1]

此外，赛车场15300平方米多功能区设置标准绕桩、智能泊车、AEB、鱼钩测试、麋鹿测试等十几种场 景，全方位展现比亚迪智能化技术。 本报讯(记者李昱丞)8月14日，比亚迪（002594）股份有限公司(以下简称"比亚迪")郑州全地形赛车场正 式开业。该赛车场不仅包括传统赛道，还打造了浮水航行、沙漠冲坡、模拟冰道、低摩擦环形道等特色 地形。从直线加速到越野攀爬，赛车场实现了全场景驾控体验的覆盖。 据了解，比亚迪郑州全地形赛车场的1758米赛道含9个弯道，最长直线加速道达550米，最高时速突破 220km。 悬天沙坡区拥有29.6米垂直高度和28冲坡落差，旨在赛车场中模拟冲沙场景。浮水航行池为比亚迪仰望 U8专属打造，能直观看到车辆实现水中直行、转向。模拟冰道原理是以湿抛光水泥面模拟冰雪路面， 通过可移动抽板模拟被动失控场景，让用户在复现的危险场景中学会失控救车。 此外，比亚迪与中汽摩联同步正式官宣"新赛道计划"。通过打破专业壁垒，让更多人接触赛车文化，助 力"百万人下赛道"，为中国汽车文化发展注入新动能。 比亚迪方面人士表示，郑州全地形赛车场作为国内首批新能源汽车专属全地形赛车场，致力于打破传统 赛车场高门槛、预 ...

吉利汽车于北京时间 2025 年 8 月 14 日港股午盘时间发布了 2025 年半年度报告，来看核心： 1. 汽车销售收入略超预期，但整体卖车单价还在同比下滑：1H25 吉利的卖车收入 1346 亿，同比上升 27%，略超市场预期 1332 亿。 但吉利整体的卖车单价还在同比下滑，卖车单价从 1H24 11 万元同比下滑至 1H25 9.6 万元，主要由于： ① 车型结构的下沉，吉利的高端系列销量表现平平：吉利车型结构中的中高端车型极氪和领克仍然表现平平，极氪 + 领克 同比增速放缓，在车型结构中占比环比下滑 5 个百分点，而带来主要增量的仍是低价的吉利系列。 ② 卖车单价的继续下滑：从三个品牌的表现来看，极氪 1H25 的卖车单价从 24.6 万元同比下滑 1.6 万元至 23 万元，领克 1H25 的卖车单价 13.7 万元，同比持平，而吉利汽车的整体卖车单价从 8.9 万元同比下滑仅 1 万元至 8 万元，主要由于低价 的吉利心愿系列的占比提高（对标比亚迪海鸥车型）。 2. 但整体毛利率因为规模效应的释放，基本符合预期：吉利 1H25 毛利率 16.4%，在卖车单价同比大幅下滑时，毛利率仅同 比下滑 ...