证券日报网讯 12月29日，国新能源在互动平台回答投资者提问时表示，公司经营一切正常，二级市场 股价波动受多种复杂因素影响，请注意投资风险。 （文章来源：证券日报） ...

Core Viewpoint - The news highlights the passing of Wu Feng, a prominent figure in China's green secondary battery and energy materials sector, who significantly contributed to the development of new energy technologies in China [1] Group 1: Contributions to Industry - Wu Feng was a core promoter of China's new energy technology strategy and served as the chief scientist for three consecutive phases of the national "973 Program" focused on new secondary battery projects [1] - He led multiple major national research tasks and achieved systematic and pioneering results in nickel-hydrogen and lithium-ion battery fields [1] - Wu Feng played a crucial role in the independent innovation and industrialization of power batteries, energy storage batteries, and new energy vehicle technologies in China [1] Group 2: Legacy and Recognition - He established China's first nickel-hydrogen battery pilot base and the first continuous automated production line [1] - Wu Feng's body farewell ceremony is scheduled for January 4, 2026, at the Eastern Hall of Babaoshan Funeral Home [1]

肩负推动产业发展的使命，新能源汽车蓝皮书迄今已连续出版13年，成为中汽中心汇集行业智力资 源，发挥行业智库作用的重要媒介，为政府决策、行业研究、企业发展提供了重要参考。"我们希望新 能源汽车蓝皮书不只是新能源汽车产业历史发展的记录者和思考者，更是产业未来发展的推动者和引领 者。"中汽中心方面表示。 展望未来，新能源汽车蓝皮书将继续坚守行业智库使命，持续追踪产业动态、深挖发展规律、凝聚 行业智慧，为产业高质量发展注入更强劲的思想动力。期待全行业以蓝皮书为契机，秉持创新、协同、 绿色的发展理念，携手应对机遇与挑战，推动中国新能源汽车产业在"十五五"期间绽放更耀眼的光彩。 据介绍，"总报告"客观记录2024年以来新能源汽车产业运行情况，并对"十五五"期间新能源汽车发 展提出展望；"产业篇"和"政策篇"对新能源汽车产业发展现状、问题及趋势进行客观记录和理性研 判；"国际篇"剖析发达国家最新政策动态对我国的启示和逆全球化背景下外部冲击对我国汽车产业的影 响，旨在前瞻谋划产业未来发展，助力新能源汽车产业高质量发展；"热点篇"围绕新能源汽车行业反内 卷和飞行汽车议题进行深入探讨，"专家视点篇"收录了9位行业专家关于汽车行业 ...

Core Insights - The "New Energy Vehicle Blue Book: China New Energy Vehicle Industry Development Report (2025)" has been officially released, focusing on the development of the new energy vehicle industry in China [1][3] - The report includes eight chapters: General Report, Industry Chapter, Policy Chapter, International Chapter, Demonstration Case Chapter, Hot Topics Chapter, Expert Insights Chapter, and Appendix [1][3] Group 1: Report Structure - The General Report records the operation of the new energy vehicle industry since 2024 and provides outlooks for the "14th Five-Year Plan" period [3] - The Industry and Policy Chapters objectively document the current state, issues, and trends of the new energy vehicle industry [3] - The International Chapter analyzes the latest policy dynamics in developed countries and their implications for China's automotive industry amid globalization challenges [3] Group 2: Special Features - The newly added Demonstration Case Chapter showcases typical cases from localities and enterprises in the new energy vehicle sector, highlighting advancements in electrification, intelligence, and vehicle-energy integration [3] - The Hot Topics Chapter discusses issues such as industry competition and flying cars, while the Expert Insights Chapter includes perspectives from nine industry experts on current hot topics [3] Group 3: Future Outlook - The Blue Book aims to continue its role as an industry think tank, tracking industry dynamics and deepening the understanding of development patterns [4] - The industry is encouraged to leverage the Blue Book as a catalyst for innovation, collaboration, and green development, addressing both opportunities and challenges [5]

Core Viewpoint - The rapid development of the new energy vehicle (NEV) market is driving significant growth in the wiring harness industry, with the market size expected to reach 64.4 billion yuan in 2024, representing a year-on-year growth of 34.4% [1][9]. Overview - NEV wiring harnesses are essential components that connect electrical parts of vehicles, transmitting power and signals, and are often referred to as the "nervous system" of the vehicle [2]. - These harnesses consist of insulated wires, protective sheaths, connectors, and bundling components, and are categorized by voltage levels (high and low), functionality (power transmission, signal transmission, auxiliary equipment), and installation locations (battery pack, chassis, body) [2][3]. Industry Entry Barriers - The wiring harness plays a critical role in the electrical systems of NEVs, requiring high standards in product development, production technology, and quality control [3]. - As the NEV market evolves towards smart, shared, and connected vehicles, there are increasing demands for safety, lightweight, customization, and integration, necessitating strong innovation and technical capabilities from wiring harness manufacturers [3][4]. Related Policies - The Chinese government has implemented various policies to support the development of the automotive parts industry, including NEV wiring harnesses, creating a favorable policy environment for industry growth [5]. Industry Chain - The upstream of the NEV wiring harness industry includes suppliers of basic materials (copper, aluminum, rubber, plastic) and core components (connectors, terminals, sensors) [6]. - The midstream involves the research, design, and production of wiring harnesses, while the downstream primarily serves the NEV market, including manufacturers and the aftermarket [6]. Development Status - The NEV market in China has seen continuous growth, with production and sales reaching 11.24 million and 11.23 million units respectively from January to September 2025, marking a year-on-year increase of 35.2% and 34.9% [8]. - The increasing demand for NEVs is translating into a growing need for wiring harnesses, with the market expected to expand significantly [9]. Competitive Landscape - The NEV wiring harness market in China is characterized by foreign companies dominating the high-end market while domestic companies are accelerating their market share through local partnerships and technological advancements [10]. - Major international players like Sumitomo, Yazaki, Aptiv, and Lear hold significant shares in high-end NEV wiring harnesses, particularly in advanced products like 800V high-voltage harnesses [10]. Key Domestic Players - Companies such as Hu Guang Co., Ltd. and Yong Ding Co., Ltd. are notable players in the NEV wiring harness market, focusing on high and low voltage harnesses and achieving significant revenue from their automotive wiring harness businesses [10][11]. Future Trends - The industry is expected to focus on developing high-voltage harnesses that can handle increased voltage and current demands, with an emphasis on safety and lightweight materials [12]. - Innovations in harness structure and wiring methods will continue to evolve to reduce weight and volume, contributing to overall vehicle energy efficiency [12].

编者按： 一直以来，泰国都被视为"东方底特律"和日系车的"后花园"。不过，新能源转型浪潮正改写这一格局。 如今，中国车企携技术与产能优势密集布局，在当地新能源汽车市场市占率超70%，比亚迪等品牌强势 跻身销量前列。本期"东盟调研行"专题，21世纪经济报道记者不仅带回了在泰国实地调研时的观察，更 深入到中国车企进行了一手采访，了解车企如何通过深耕本地化运营，错位竞争拓展赛道，在日系车 的"后花园"实现真正的"弯道超车"。 本报记者 赖镇桃 泰国曼谷报道 黎奥从未想过，一次他觉得很寻常的对话，会让一位泰国员工怕得想离职。"当时和一位员工说话声音 大了点，对方就觉得我们是在凶他，第二天不敢来上班了。"作为一家中国车企的海外业务人士，这是 他踏上"微笑之国"一年多后，才逐渐参透的文化差异。 在泰国，游客们常会听闻一种"三不叫"的说法：车不叫——即便曼谷的交通堵得水泄不通，也少见烦躁 的喇叭声；狗不叫——街头的流浪犬慵懒地趴着，它们知道静候常能换来一口施舍；人不叫——细声慢 语是这里表达尊敬的默认规则。 然而，这片浸润在独特"宁静"之中的土地，在全球汽车工业的版图上，却从不沉寂。 泰国是全球第十大、东南亚第一大汽车生产 ...

Core Insights - Thailand is the 10th largest automobile producer globally and the largest in Southeast Asia, known as the "Detroit of the East" [6] - Japanese cars dominate the market with a market share of around 70% in 2024, down from a peak of 90% [6] - Chinese automakers are rapidly entering the Thai market, particularly in the electric vehicle (EV) sector, with a market share increase from 5% to approximately 20% [6][12] Electric Vehicle Market Dynamics - As of October 2023, Thailand's EV penetration rate reached 20%, with sales outpacing Denmark, a leader in EV adoption [5] - The number of EVs in Thailand is close to 300,000, with a ratio of over 20 vehicles per charging station, indicating a need for more charging infrastructure [3][5] - The Thai government has implemented various subsidies and tax incentives to promote EV adoption, significantly boosting sales [11][12] Competitive Landscape - Chinese brands, including BYD, GAC, and Changan, have established a strong presence in Thailand, with over 70% market share in the EV segment [6][7] - The Thai automotive market is experiencing a shift, with local brands like BYD rising in rankings, while traditional Japanese brands face challenges [7][8] - The competition is intensifying as more players enter the EV market, leading to a more complex landscape [23] Local Production and Policy Impact - The Thai government has set production requirements for imported EVs, mandating local production to qualify for subsidies [12][13] - BYD's factory in Thailand is a significant investment, with a production capacity of 150,000 vehicles and a local production rate of about 50% [13] - The government is adjusting policies to alleviate pressure on automakers, allowing exported vehicles to count towards local production requirements [16] Future Opportunities - There is potential for growth in the pickup and commercial vehicle segments, where Chinese brands currently have minimal presence [26] - The high-income demographic in Thailand presents opportunities for luxury EV models, as the market for high-end vehicles remains robust [27] - The establishment of a complete ecosystem around EVs, including services and financing, is crucial for long-term success in the Thai market [21][28]

如果说十年前，中国新能源的关键词是"追赶"； 五年前，是"齐头并进"； 那么今天，储能这条赛道，已经清晰进入了一个新阶段——断代式领先。 不是局部优势，不是价格战，而是一种让全球同时感到依赖、焦虑与无法绕开的结构性领先。 而这一轮储能大爆发，并非偶然，更不是短期政策刺激的产物，它更像是一次被长期低估的"国运兑 现"。 一、从"备用电源"到"能源中枢"：储能的历史性转折 在很长一段时间里，储能在全球能源体系中的角色并不显眼。 它曾被视为—— 备用设施、调峰工具、成本项， 甚至在不少国家，被当成"建完就放着"的配套工程。 原因很简单： 储能如果不能参与定价、不能参与交易，就永远只是成本。 而过去十多年，全球电力系统的逻辑，正是围绕"稳定大电网 + 可预测发电"构建的。火电、水电、核 电，天然适配这个体系；储能，只能在边缘徘徊。 但这一逻辑，在新能源时代被彻底打破了。 风、光的本质，是不稳定、非连续、强波动。 而一旦新能源比例越过某个临界点，没有储能，电网就会先崩。 这不是技术问题，而是物理问题。 于是，储能从"可选项"，变成了"不可或缺项"； 从"成本中心"，转变为"收益中枢"。 这一转折点，正是今天这轮全球储能 ...

Core Viewpoint - The company, Guo Xin Energy, announced the approval of multiple proposals, including the reappointment of the accounting firm, during its second extraordinary general meeting of shareholders in 2025 [2] Group 1 - The company held its second extraordinary general meeting of shareholders on December 22 [2] - The meeting resulted in the approval of the proposal regarding the reappointment of the accounting firm [2]

证券代码：600617 900913 证券简称：国新能源 国新 B 股 公告编号：2025-047 山西省国新能源股份有限公司 2025年第二次临时股东会决议公告 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 526 | | --- | --- | | 其中：A 股股东人数 | 524 | | 境内上市外资股股东人数（B 股） | 2 | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,083,541,018 | | 其中：A 股股东持有股份总数 | 1,083,372,618 | | 境内上市外资股股东持有股份总数(B 股) | 168,400 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 56.1655 | (一) 股东会召开的时间：2025 年 12 月 22 日 (二) 股东会召开的地点：山西示范区中心街 6 号西座，四层 8 号会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 其中：A | 股股东持股占股份总数的比例（%） | 56.1568 | | -- ...