Core Viewpoint - Dong'an Power has successfully ignited the first prototype of its R05E rotary engine, targeting the low-altitude economy and new energy vehicle sectors with high power density and lightweight requirements [1] Group 1: Product Development - The R05E engine has a rated speed of 6500 rpm and an output power exceeding 53 kW, featuring a triangular piston design and advanced technologies to enhance power-to-weight ratio and reliability [1] - The company plans to achieve mass production of the R05E engine by 2027, with expected revenue from related products exceeding 1 billion yuan by the end of the 14th Five-Year Plan [1] Group 2: Market Expansion - Dong'an Power is simultaneously developing naturally aspirated and turbocharged rotary engine products, expanding into mid-to-high altitude drone power applications [1] - The product range covers engine displacements from 0.5L to 1.5L, with power outputs ranging from 50 kW to 150 kW, suitable for urban air mobility, mid-to-long range logistics, and aerial tourism [1] Group 3: Strategic Partnerships - The company has formed a strategic partnership with Huitian to participate in the next-generation aviation hybrid power development [1] - Collaborations with notable enterprises such as Tianjin Helicopter Research Institute, DJI, and Huawei are underway to support the large-scale development of the low-altitude economy [1]

证券日报网讯12月19日，东安动力（600178）在互动平台回答投资者提问时表示，截至2025年11月20 日，公司股东人数为63144户。 ...

12月19日拍摄的点火后的转子发动机R05E样机。新华社记者 王松 摄 12月19日拍摄的点火后的转子发动机R05E样机。新华社记者 王松 摄 12月19日拍摄的台架上点火后的转子发动机R05E样机。新华社记者 王松 摄 12月19日，技术人员在查看转子发动机R05E样机的相关参数。新华社记者 王松 摄 12月19日，哈尔滨东安汽车动力股份有限公司副总经理兼增程动力系统研究院院长赵兴天（右）按下R05E点火启动按钮。新华社记者 王松 摄 12月19日拍摄的东安动力转子发动机R05E样机。新华社记者 王松 摄 12月19日拍摄的东安动力转子发动机R05E样机部分零部件。新华社记者 王松 摄 12月19日，东安动力转子发动机平台首台R05E样机在哈尔滨东安汽车动力股份有限公司增程动力系统研究院试验试制中心一次点火成功。据介绍，该产品 可广泛应用低空经济领域，计划于2027年量产。 ...

截至目前，双方已在核心产品矩阵形成全面合作：从经典的212越野车，到王牌MPV、卡路里皮卡等主 力车型，累计立项合作项目超十个，覆盖传统燃油与新能源两大动力赛道。其中已实现量产的合作车 型，累计销量突破五万台，市场表现印证了双方技术协同的市场价值。当前，针对下一代越野车的动力 系统研发，双方已进入深度攻坚阶段，有望为中国越野市场带来技术突破。 东安动力表示，此次战略合作的达成，不仅是行业优势资源整合的典范，更成为中国越野车市场高质量 发展的重要里程碑——标志着双方正式迈入"共同定义产品、共享技术成果、共拓市场空间"的深度融合 阶段。展望未来，双方将以联合创新实验室为载体，聚焦硬核越野性能提升与前瞻新能源技术落地，致 力于将212越野车打造为兼具技术实力与文化魅力的中国越野新标杆。 东安动力此前披露的2025年三季度获取定点协议的公告显示，2025年三季度，公司新市场开发共获取5 家企业（基于保密协议约定，客户名称不便披露）的5项新市场《定点协议》，其中全新开发客户3家。 上述项目预计生命周期为5年至10年，总销量预计100万台，其中，涉及新能源新市场项目2项，规划销 量预计80万台。 由于产品平台化，公司具备 ...

Group 1 - The core viewpoint of the article highlights that Linde Electric Control has a diverse client base, including major domestic commercial vehicle, passenger vehicle, and engine manufacturers in China [1] Group 2 - The main clients of the company include Beiqi Foton, Li Auto, Changan, Dong'an Power, Leap Motor, Xinyuan, Seres, and GAC [1]

双方表示，将基于联合实验室聚焦越野性能提升与新能源技术落地，针对下一代越野车动力系统进行联 合研发。 凤凰网科技讯 12月15日，近日，北京汽车制造厂有限公司与哈尔滨东安汽车动力股份有限公司正式签 署战略合作协议，并共同为"新动力联合创新实验室"揭牌。 北汽制造旗下拥有212等经典越野车型，东安动力（600178）则为国内动力总成供应商。根据协议，双 方将在传统燃油及新能源动力领域展开合作，目前已累计立项超十个项目，覆盖212越野车、王牌MPV 及卡路里皮卡等车型，相关合作车型累计销量已突破五万台。 ...

Core Insights - The Chinese automotive market is undergoing a significant transformation characterized by deep penetration of new energy vehicles, rapid upgrades of traditional powertrains, and the emergence of new sectors, leading to intense competition among automakers [2] - Dong'an Power is leveraging AI and ecological strategies to turn the competitive "卷潮" (involution) into opportunities for growth, thereby reshaping its competitive advantage and solidifying its leading position in the industry [2][3] Market Structure and Strategy - Dong'an Power has developed a diversified market ecosystem by analyzing industry trends and customer needs, creating integrated power system solutions tailored for various vehicle manufacturers [3] - The company has established a comprehensive power industry layout covering traditional and new energy efficient engines, range extenders, and specialized products, forming a multi-dimensional market structure [3][4] Innovation and AI Integration - Dong'an Power is focusing on innovation-driven market development, utilizing AI tools to analyze market trends and customer demands, which enhances decision-making and operational efficiency [6] - The company has achieved an 80% project conversion rate for potential new market projects, demonstrating its effective market development capabilities [6] Partnerships and Market Expansion - Dong'an Power has formed partnerships with over 90% of leading new energy vehicle manufacturers, optimizing its customer structure and enhancing its core competitiveness [7] - The company is actively expanding into new markets, including specialized products, with nearly 30 new projects initiated in areas such as drones and flying cars, contributing to a diversified growth strategy [8] Product Development and Sales Growth - In 2023, Dong'an Power has initiated 68 new market projects, with a significant focus on new energy, resulting in a 138% year-on-year increase in new energy market projects [9] - The company expects to achieve a sales volume of approximately 400,000 units from these new projects, with new market initiatives projected to contribute nearly 45% to total sales [9] Future Outlook - Dong'an Power is developing a new generation of specialized rotor engines aimed at the aviation sector, focusing on lightweight and efficient designs to meet market demands [10][11] - The company aims to continue its growth trajectory by deepening its core business in power systems and expanding into emerging market sectors, contributing to the transformation of the Chinese automotive industry [11]

Core Viewpoint - Dong'an Power and AVL have confirmed the concept design and CAE phase results for a dual-rotor engine, focusing on applications for low-altitude flying vehicles and range-extender systems for new energy vehicles [1] Group 1: Company Developments - Dong'an Power is developing a rotor engine platform tailored for low-altitude flying vehicles and range-extender systems for new energy vehicles [1] - The platform includes detailed planning and offers various technical solutions such as a single-rotor engine (0.5L) and dual-rotor engines (1.0L, 1.5L) [1] Group 2: Technical Innovations - The dual-rotor engine concept design has been confirmed, showcasing the company's commitment to innovation in engine technology [1] - The CAE phase results indicate progress in the development of the rotor engine platform, which is designed to accommodate multiple application scenarios [1]

Summary of Key Points Core Viewpoint - Dong'an Power reported significant year-on-year growth in both engine and transmission sales and production for November, indicating a strong performance in the automotive components sector [2][3]. Group 1: Engine Performance - In November, engine sales reached 37,356 units, a 21.83% increase from 30,662 units in the same month last year [2][3]. - Cumulative engine sales for the year totaled 390,494 units, reflecting a 21.10% increase compared to 322,455 units in the previous year [2][3]. - Engine production in November was 38,434 units, up 14.71% from 33,505 units year-on-year [2][3]. - Year-to-date engine production reached 420,755 units, a 21.37% increase from 346,663 units in the same period last year [2][3]. Group 2: Transmission Performance - Transmission sales in November were 17,682 units, showing a modest increase of 1.64% from 17,397 units in the same month last year [3]. - Cumulative transmission sales for the year amounted to 155,270 units, a substantial increase of 63.47% compared to 94,984 units in the previous year [3]. - Transmission production in November was 20,498 units, which represents a decline of 16.06% from 24,419 units year-on-year [3]. - Year-to-date transmission production totaled 169,651 units, marking a 34.16% increase from 126,451 units in the same period last year [3].

Group 1: Domestic News - The China Passenger Car Association reported that the subsidy policy encourages mid-to-low-end economic vehicles, leading to a recovery in this segment [2] - The association noted that with the promotion of scrapping and trade-in subsidies, new energy vehicles receive higher subsidies compared to fuel vehicles, benefiting lower-priced models [2] Group 2: Energy Storage and Technology - A semi-solid lithium battery energy storage project in Wuhai, Inner Mongolia, has successfully connected to the grid, marking a significant milestone in China's semi-solid storage technology [3] Group 3: International News - Russia's automotive production has decreased by 12% in the first ten months of the year, with over 677,000 vehicles produced, indicating severe challenges in the automotive sector [4] Group 4: European Union Policies - The European Commission plans to announce measures to reduce reliance on Chinese raw materials, aiming to enhance self-sufficiency in European industry [5] Group 5: Automotive Industry Developments - Tata Motors, Mahindra, and Hyundai have called on the Indian government to remove emission incentives for small cars, arguing that such policies could hinder electric vehicle development [6] - German Chancellor Merz has urged the EU to relax the 2035 ban on fuel vehicles, citing the need for greater flexibility for automakers amid increasing competition from Chinese companies [7] Group 6: Corporate News - Wentech Technology has appealed to the Dutch Supreme Court to regain control over Nexperia, a semiconductor manufacturer, following a government intervention [8] - Xiamen King Long Motor Group announced the resignation of Vice President Wu Wenbin, effective December 1, 2025, due to retirement [10] - SAIC Group's subsidiary plans to establish an investment fund focused on the smart electric vehicle industry, with an initial capital commitment of 1.09 billion yuan [11] - Dong'an Power reported a 21.83% year-on-year increase in engine sales for November, with total sales reaching 390,500 units for the year [12] - Lichung Group signed a technical agreement for the processing of humanoid robot components, focusing on material selection and design [13] - Changhua Group received a development notification from a domestic automaker, with an expected total sales amount of approximately 732 million yuan over the project's lifecycle [14]