开源证券近日发布欧洲电动车销量月报：7月欧洲9国新能源车增速再创年内新高。2025 年7月欧洲9国新能源车销量21.7万辆，同比+41.6%，新能源渗透率27.5%，同比+7.4pcts。其 中，BEV销量13.4万辆，同比+34.6%；PHEV销量8.4万辆，同比+54.7%。 欧盟议会投票通过碳排放考核修正案，原计划于2025年收紧碳排放考核目标，改为考核 2025-2027年三年的平均值，时间线上有所延缓但总体趋势不变。且各车企此前为应对即将 收紧的考核要求，陆续推出新一代纯电平台，新车型有望带动欧洲电车市场放量。投资建 议：（1）锂电池：推荐宁德时代、亿纬锂能、欣旺达；受益标的中创新航、国轩高科； （2）锂电材料：推荐湖南裕能；中伟股份、华友钴业；星源材质、恩捷股份；受益标的富 临精工、万润新能；容百科技、当升科技、厦钨新能、华友钴业；星源材质、恩捷股份；天 赐材料、新宙邦；天奈科技；（3）锂电结构件：推荐铭利达；受益标的科达利、敏实集 团、和胜股份；（4）电源/电驱系统：推荐威迈斯、富特科技；受益标的黄山谷捷；（5） 汽车安全件：受益标的中熔电气、浙江荣泰；（6）充电桩及充电模块：推荐通合科技；受 ...

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Core Points - The opening ceremony of a Chinese electric vehicle company's factory in Brazil was attended by Chinese Ambassador to Brazil Zhu Qingqiao and Brazilian President Lula, highlighting the strong cooperation between the two countries in the automotive industry [1][2] - The event coincided with the anniversary of China-Brazil diplomatic relations, emphasizing the positive momentum in bilateral cooperation and the commitment to mutual respect and support for national sovereignty and development rights [1] - Brazil is looking forward to the innovative technologies and high-quality jobs that Chinese electric vehicle companies will bring, which are expected to aid in the revival of Brazil's automotive industry [2] Summary by Sections Chinese Electric Vehicle Company - The factory opening signifies a new member in the "Chinese brand, Brazilian manufacturing" initiative, showcasing the ongoing collaboration in the automotive sector [1] - The Chinese side expresses willingness to deepen mutually beneficial cooperation with Brazil, aiming to counter various uncertainties through stable and growing partnerships [1] Brazilian Government's Perspective - President Lula highlighted the positive development of Brazil-China relations and the increasing role of cooperation in promoting each country's development [2] - Brazil is committed to maintaining a stable, open, and predictable business environment for Chinese investors, creating more opportunities for collaboration and growth [2]

公司回答表示：尊敬的投资者您好，1.公司旗下参股公司基本均为与公司主营业务相关的公司，此类投 资有利于公司业务的发展和拓展，公司市值形成取决于多方面因素，目前公司经营状况一切正常，公司 管理层在市值管理方面采取了多项举措，努力保障全体股东的利益，积极用公司的高质量发展回报投资 者的支持与关心；2.国有企业改革涉及公司治理完善、经营效率提升、国资监管改革等多个方面，旨在 通过改革，进一步提高企业核心竞争力，增强核心功能，促进高质量发展，因此，国企改革与投资者和 全体股东息息相关；3.2020年10月，按照山西省国资国企改革统一部署，蓝焰控股纳入公司控股股东华 新燃气集团管理序列，公司与蓝焰控股同受华新燃气集团控制。感谢您对公司的关注，谢谢！ 金融界8月18日消息，有投资者在互动平台向国新能源提问：董秘您好，资料分析公司旗下有多个参股 公司，请问公司重融资，轻投资，市值与公司的注册资金不匹配，是否意味着公司经营状况异常。能否 及时告知风险。国企改革对公司管理层是否没有任何举措，公司与同属山西国资委的蓝焰控股是什么关 系？ 来源：金融界 ...

Market Performance - The gas sector increased by 1.92% on August 18, with Shengda Forestry leading the gains [1] - The Shanghai Composite Index closed at 3728.03, up 0.85%, while the Shenzhen Component Index closed at 11835.57, up 1.73% [1] Top Gainers in Gas Sector - Shengda Forestry (002259) closed at 5.10, up 7.59% with a trading volume of 925,300 shares and a turnover of 475 million yuan [1] - Shaanxi Natural Gas (002267) closed at 8.71, up 7.53% with a trading volume of 584,500 shares and a turnover of 506 million yuan [1] - Other notable gainers include Teris (834014) at 14.01 (+2.86%), Kaitan Gas (831010) at 13.73 (+2.39%), and Guizhou Gas (600903) at 7.11 (+0.85%) [1] Top Losers in Gas Sector - ST Jinjii (000669) closed at 3.35, down 2.90% with a trading volume of 180,600 shares and a turnover of 60.48 million yuan [2] - Shenzhen Gas (601139) closed at 6.96, down 2.79% with a trading volume of 963,800 shares and a turnover of 683 million yuan [2] - Other notable losers include Hongtong Gas (605169) at 19.15 (-2.15%) and Xinjiang Torch (603080) at 21.87 (-1.71%) [2] Capital Flow in Gas Sector - The gas sector experienced a net outflow of 180 million yuan from main funds, while retail investors saw a net inflow of 142 million yuan [2] - Speculative funds had a net inflow of 37.76 million yuan [2]

智通财经APP获悉，CINNO Research发文称，2025年上半年，中国新能源行业依然延续强劲投资态势。据CINNO Research数据统计，2025年上半年中国新 能源项目投资总额约1.4万亿元人民币，虽同比下降32.2%，但仍是科技领域最具活力的投资方向之一，特别是在下一代电池技术、智能电网等前沿领域保 持较高热度。 新能源行业内部资金细分流向：储能逆势增长，风光电投资趋于理性2025年上半年中国新能源行业投资呈现"一升多降"的调整态势。据CINNO Research数 据统计，风电和光伏作为传统优势领域，虽然以5,604亿元的投资额占据40.8%的行业份额，但同比下降44.4%，显示出市场趋于饱和态势。其中，风电项 目投资3,654亿元，光伏项目投资1,950亿元，反映出海上风电等细分领域仍具吸引力。 储能领域成为最大亮点，以2,799亿元的投资额实现10.5%的同比增长，占比提升至20.3%，这主要得益于新型储能技术突破和电网侧储能需求激增。相比 之下，电池行业投资2,430亿元(占比17.7%)和氢能领域投资2,304亿元(占比16.8%)分别出现25.8%和40.2%的下滑，表明资本正从成 ...

Group 1 - The core point of the news is the establishment of Shaanxi Guoxin New Energy Development Co., Ltd. with a registered capital of 500 million yuan, focusing on various energy-related services and technologies [1][2] - The company is fully owned by Shaanxi Xixian New Area Development Group Co., Ltd. [1] - The business scope includes heat production and supply, cooling services, and key technology research and development for waste heat power generation [1][2] Group 2 - The company is registered in Xi'an, Shaanxi Province, and operates under the jurisdiction of the Xi'an Xixian New Area Market Supervision Administration [2] - The company is classified under the national standard industry of electricity, heat, gas, and water production and supply [2] - The operational period of the company is set until August 14, 2025, with no fixed end date thereafter [2]

Core Viewpoint - The Chinese automotive market is experiencing a steady growth trend, particularly in the new energy vehicle (NEV) sector, with significant year-on-year increases in production and sales, despite a seasonal decline in July [1][2][3]. Production and Sales Data - In July, China's automotive production and sales reached 2.591 million and 2.593 million units, respectively, representing a month-on-month decline of 7.3% and 10.7%, but a year-on-year increase of 13.3% and 14.7% [1][2]. - From January to July, production and sales totaled 18.235 million and 18.269 million units, with year-on-year growth of 12.7% and 12%, showing an acceleration compared to the first half of the year [1][2]. New Energy Vehicle Market - The NEV market continues to show robust growth, with July production and sales reaching 1.243 million and 1.262 million units, marking a year-on-year increase of 26.3% and 27.4% [3]. - NEVs accounted for 45% of total new vehicle sales from January to July, indicating a significant shift in the automotive industry towards electrification [3]. Policy and Market Environment - The government is actively supporting the automotive market through policies such as the "trade-in" program, which is contributing to stable market conditions and growth [2]. - The National Development and Reform Commission announced the allocation of 690 billion yuan for consumer support programs, with plans for further funding to stimulate the market [2]. Innovation and Competition - The automotive industry is undergoing a transformation with a focus on innovation, particularly in smart and connected vehicles, as companies invest in advanced technologies like autonomous driving and intelligent cockpit features [6][7]. - A wave of new vehicle launches is expected to invigorate the market, with various models catering to different consumer needs [6][7]. Charging Infrastructure - The government is enhancing charging infrastructure to alleviate consumer concerns about range anxiety, with plans to establish over 100,000 high-power charging stations by the end of 2027 [4][5].

央广网北京8月15日消息（记者 樊瑞）国家税务总局数据显示，大规模设备更新和消费品以旧换新政策 推行一年多来，效果持续显现，在促进转型升级、提振消费需求、畅通经济循环等方面发挥了积极作 用，呈现出三方面亮点。 "设备更新"助力产业转型升级。增值税发票数据显示，2024年4月至2025年7月，全国企业采购机械设备 类金额同比增长7.3%，其中，工业企业采购机械设备类金额同比增长9.8%；信息传输软件业、科技服 务业设备采购金额同比分别增长27.8%、28.3%；民营企业设备采购金额同比增长9.3%，设备更新支撑 作用进一步凸显，政策红利正在有效转化为产业转型升级的新动力。 "供需畅通"促进经济良性循环。政策推行一年多来，逐渐形成"政策驱动-需求释放-产业升级"的良性互 动。增值税发票数据显示，2024年4月至2025年7月，"两新"政策叠加直接拉动全国零售业需求增长反作 用于供给端，带动制造业企业加力推进设备更新升级，制造业销售收入同比增长5.8%，经济内循环更 加顺畅。 国家税务总局有关司局负责人表示，税务部门将不断强化"政策+服务"双轮驱动，推动"两新"政策持续 显效，为经济高质量发展注入更强动能。 "以旧 ...

Core Viewpoint - The chairman and CEO of Xpeng Motors, He Xiaopeng, emphasizes that the global recognition of Chinese electric vehicles (EVs) will be achieved when Chinese design aesthetics resonate with international consumers, highlighting the importance of original design in the new Xpeng P7 model [2][11]. Group 1: Product Launch and Design Philosophy - The new Xpeng P7 is positioned as a representative of the first major redesign from a new force in the automotive industry, aiming to rank among the top three in its market segment [2][3]. - The company has significantly increased investment in design, allocating nearly 2 billion yuan annually to ensure that the P7 stands out visually and meets consumer expectations for aesthetics [3][4]. - The design philosophy of the new P7 focuses on a minimalist structure that integrates functionality with aesthetics, featuring innovative design elements such as a seamless logo and advanced lighting systems [4][5]. Group 2: Technological Advancements - The new P7 is equipped with three self-developed AI chips, providing a total computing power of 2250 TOPS, enhancing its autonomous driving and intelligent cabin capabilities [5]. - The vehicle features an immersive AI interaction space, moving away from traditional human-machine interfaces to a more engaging user experience [5]. Group 3: Market Performance and Growth - From January to July this year, Xpeng Motors delivered 233,906 vehicles, marking a 270% year-on-year increase, with total deliveries surpassing 800,000 by July 2025 [7][9]. - The new P7 achieved over 10,000 pre-orders within just 6 minutes and 37 seconds after its pre-sale launch, indicating strong market interest [7][9]. Group 4: Global Expansion Challenges - He Xiaopeng acknowledges that while Chinese EVs have made significant technological advancements, acceptance of their design aesthetics in international markets remains a challenge [10]. - The company aims to learn from past experiences and adapt its offerings to meet the specific needs and cultural preferences of overseas consumers [10][11].