21世纪经济报道 记者周潇枭 见习记者张旭 报道 12月18日，商务部举行新闻发布会，新闻发言人何亚东对欧委会调查同方威视、反对保护主义、稀土出 口许可证等话题进行了回应。 发布会现场。图片来自商务部官网 何亚东表示，中方注意到，欧委会近期密集对中国企业发起《外国补贴条例》（FSR）调查，先后对中 车集团、同方威视发起深入调查，甚至对中国数字平台进行现场突袭检查，做法恶劣，指向性和歧视性 明显。中方对此强烈反对。 FSR调查严重影响中国企业在欧投资经营。2025年1月，商务部调查认定欧委会FSR调查构成贸易投资 壁垒，明确指出欧方调查存在立案证据不足、执法过度、举证责任倒置、程序不透明等突出问题。 近期以来，这些问题不仅没有解决，反而愈演愈烈，尤其是所谓"外国补贴"的定义过于宽泛和模糊，远 超国际规则和通行实践的合理范畴，不仅给中国企业在欧正常运营造成严重影响，更是给中欧双边经贸 合作带来不确定性。 何亚东说："希望欧方立即停止对包括中国在内的外国投资企业的无理打压，审慎使用FSR调查工具， 为在欧投资经营企业创造公平、公正、可预期的营商环境。中方密切关注欧方有关动向，将采取必要措 施，坚决维护中国企业合法权 ...

Core Viewpoint - The article highlights the recent advancements by CRRC Zhuzhou Institute in the commercial energy storage sector, showcasing new products and a comprehensive approach to address market challenges in cost reduction, efficiency enhancement, and safety [2][8]. Group 1: Product Launches - CRRC Zhuzhou Institute launched the new generation all-scenario standardized commercial energy storage system CESS-M261 V3.0, which integrates high safety, efficiency, and intelligence, specifically designed for small and medium-sized commercial scenarios [3]. - The CESS-M261 V3.0 features an innovative design that combines PCS and high-voltage box, occupying only 1.43 square meters, and can operate in extreme temperatures as low as -40°C with an all-weather efficiency of ≥88% [3]. - The new energy storage smart cloud platform incorporates AI algorithms and IoT technology, offering centralized monitoring, early warning for thermal runaway within 30 minutes, predictive maintenance, and real-time revenue analysis, aiming to reduce operational costs by over 30% and enhance overall site revenue by 25% [5]. Group 2: Safety and Standards - CRRC Zhuzhou Institute conducted a comprehensive fire and explosion verification of its energy storage products, simulating real thermal runaway scenarios to explore safety performance boundaries [5]. - The company released the "Safety Technology White Paper for Commercial Energy Storage," which outlines a defense-in-depth safety system based on credible safety boundaries [5][7]. Group 3: Strategic Partnerships and Market Development - During the "2025 Commercial Energy Storage Ecosystem Partner Conference," CRRC Zhuzhou Institute signed cooperation agreements with eight companies to promote market development and project implementation [9][11]. - The conference emphasized themes of technological breakthroughs, service upgrades, and ecosystem win-win strategies, showcasing the company's commitment to high-quality development in the energy storage market [9][13]. Group 4: Future Outlook - CRRC Zhuzhou Institute plans to leverage its mature technology in the commercial energy storage field to continue developing core technologies such as battery cells, BMS, PCS, and smart cloud platforms [13]. - The establishment of the Baoying base aims to enhance collaboration with industry partners, focusing on improving safety standards and the overall lifecycle value of energy storage systems to support the transition to a low-carbon energy structure [13].

Group 1 - The Ministry of Commerce of China urges the EU to immediately stop unreasonable suppression of foreign investment enterprises, including those from China [1][3] - The spokesperson highlighted that the essence of China-EU economic and trade relations is mutual benefit and complementarity, influenced by various factors such as economic development stages and market demand changes [1] - The EU has intensified trade restrictions against China, initiating 12 trade remedy investigations and 3 foreign subsidy investigations this year, which hindered several Chinese companies from participating in public procurement and greenfield investments in EU member states [1] Group 2 - The Ministry of Commerce expresses strong opposition to the EU's recent investigations under the Foreign Subsidies Regulation (FSR), which are seen as discriminatory and harmful to Chinese enterprises operating in Europe [2][3] - A report from the EU-China Chamber of Commerce indicates that 63% of surveyed Chinese companies in Europe have been affected by FSR, with 12% experiencing direct impacts and 51% reporting damage to their business image and confidence [2] Group 3 - Ongoing negotiations between China and the EU regarding electric vehicle tariffs and minimum price schemes are taking place, with China advocating for dialogue to resolve differences and create a stable market environment [4][5] - The Ministry of Commerce appreciates the EU's willingness to restart price commitment negotiations, emphasizing the importance of maintaining mutual trust and efficiency in discussions [5] - The use of trade defense tools by the EU, particularly the anti-subsidy investigation into Chinese electric vehicles, has introduced new uncertainties in China-EU economic relations, affecting Chinese automotive companies' market performance and business planning [5]

商务部新闻发言人何亚东在12月18日举行的例行新闻发布会上说，中方注意到，欧委会近期密集对中国企业发起《外国补贴条例》 （FSR）调查，先后对中车集团、同方威视发起深入调查，甚至对中国数字平台进行现场突袭检查，做法恶劣，指向性和歧视性明显。 中方对此强烈反对。希望欧方立即停止对包括中国在内的外国投资企业的无理打压，审慎使用FSR调查工具，为在欧投资经营企业创造 公平、公正、可预期的营商环境。中方密切关注欧方有关动向，将采取必要措施，坚决维护中国企业合法权益。 商务部：强烈反对欧委会密集对多家中国企业发起调查。 End 欢迎分享给你的朋友！ 出品 | 中国能源报（c ne ne rgy） 责编丨李慧颖 来源：新华社 ...

编辑 ｜ 钉钉 商务部新闻发言人何亚东在12月18日举行的例行新闻发布会上说，中方注意到，欧委会近期密集对中 国企业发起《外国补贴条例》（FSR）调查，先后对中车集团、同方威视发起深入调查，甚至对中国数 字平台进行现场突袭检查，做法恶劣，指向性和歧视性明显。中方对此强烈反对。希望欧方立即停止对 包括中国在内的外国投资企业的无理打压，审慎使用FSR调查工具，为在欧投资经营企业创造公平、公 正、可预期的营商环境。中方密切关注欧方有关动向，将采取必要措施，坚决维护中国企业合法权益。 来源｜新华社 ...

商务部新闻发言人何亚东在12月18日举行的例行新闻发布会上说，中方注意到，欧委会近期密 集对中国企业发起《外国补贴条例》（FSR）调查，先后对中车集团、同方威视发起深入调 查，甚至对中国数字平台进行现场突袭检查，做法恶劣，指向性和歧视性明显。中方对此强烈 反对。希望欧方立即停止对包括中国在内的外国投资企业的无理打压，审慎使用FSR调查工 具，为在欧投资经营企业创造公平、公正、可预期的营商环境。中方密切关注欧方有关动向， 将采取必要措施，坚决维护中国企业合法权益。 来源丨新华社 编辑丨金珊 SFC ...

Core Viewpoint - China CRRC Corporation Limited has signed several major contracts totaling approximately 53.31 billion yuan, primarily for wind power and energy storage equipment sales [1] Group 1: Major Contracts - The contracts signed by China CRRC and its subsidiaries include agreements with China Power Construction Group Central South Survey and Design Institute, China Resources New Energy (Yiwuzhou) Co., Ltd., Zhonglv Electric (Ruoqiang) Energy Storage Technology Co., Ltd., and Inner Mongolia Energy Group Kede Electric Storage New Energy Co., Ltd., amounting to a total of about 16.65 billion yuan for wind power and energy storage equipment sales [1] Group 2: Energy Storage Developments - Recently, Hichain Energy signed a cooperation agreement with CRRC Zhuzhou Electric Locomotive Research Institute, committing to supply no less than 120 GWh of energy storage products [2] - The new generation 6.X energy storage platform from CRRC Zhuzhou has achieved mass production, with the 6.25 MWh battery module successfully launched in Yibin, Sichuan [2] - The energy storage system utilizes Hichain Energy's high-capacity battery, featuring a 25% increase in energy density compared to the previous generation, and an efficiency improvement from 86% to 88% [2] - The system includes advanced safety features such as a 21-minute early warning for thermal runaway, significantly reducing safety risks [2] - The system enhances asset utilization by an average of over 20%, with a lifecycle revenue capability improvement of approximately 10% for a 200 MWh energy storage station compared to the previous platform [2]

Capital Operations - Shen Cheng Jiao plans to raise no more than 1.8 billion yuan through a private placement for the research and large-scale application of low-altitude and autonomous driving intelligent transportation equipment and related projects [2] - Ding Gu Ji Chuang's invested company Hang Ju Technology has developed the WS series flexible reusable thermal protection materials, which have been applied to the Blue Arrow Aerospace Zhuque-3 rocket body [2] - Zhen You Technology has ongoing ground core network development projects in both high-orbit and low-orbit satellite communication fields [2] Investment and Operations - Zhongjin Company plans a stock swap merger with Dongxing Securities and Xinda Securities, with stock trading resuming on December 18 [1] - Beiqi Blue Valley aims to continue developing L3 models in the mid-to-high-end brand segment, with some L3 model products currently in the development stage [1] - Xingmin Zhitong's communication domain controller is currently being used in L3 and L4 autonomous vehicles, including Robotaxi and unmanned logistics vehicles [1] Contracts and Collaborations - Pudong Construction's subsidiary recently won contracts totaling 1.649 billion yuan [1] - China Duty Free Group's wholly-owned subsidiary signed a contract for the transfer of duty-free store project operating rights, planning to invest 102 million yuan to establish a joint venture with Shanghai Airport [1] - Shanghai Airport signed a contract with Dufry and China Duty Free Group for the transfer of duty-free store project operating rights, with Dayang Shanghai not renewing the contract [1] - China CRRC and its subsidiaries recently signed contracts totaling 53.31 billion yuan, with wind power and energy storage equipment sales contracts amounting to approximately 16.65 billion yuan [1] Performance - China Nuclear Construction reported a cumulative operating income of 92.03 billion yuan by November 2025 [4] Share Buybacks - Shibao Testing's executives plan to increase their holdings of company shares by 8 million to 12 million yuan [4]

Market Overview - On December 18, A-shares opened lower with the Shanghai Composite Index down 0.34% at 3857.26 points, the Shenzhen Component Index down 0.85% at 13112.61 points, and the ChiNext Index down 1.17% at 3138.66 points [1] - Key sectors such as CPO, tax refunds for outbound travelers, and fiberglass saw significant declines [1] - Notable stocks included Baida Group, which opened up 4.49%, and Shengtong Energy, which reached a limit up after a change in control [1] Company News - SpaceX has entered a "regulatory quiet period," signaling the initiation of the largest IPO in history [2] - Vanke A proposed a 12-month extension for the principal repayment of its medium-term notes, with a total outstanding amount of 3.7 billion yuan [2] - CATL launched the world's first humanoid robot production line for battery PACKs, marking a significant milestone in intelligent manufacturing [2] - China CNR signed several major contracts totaling approximately 53.31 billion yuan, representing 21.6% of its projected 2024 revenue [3] - Huayi Brothers reported a reduction in shareholding by Alibaba's venture capital arm, decreasing its stake from 3.47% to 2.40% [3] Industry Insights - The global optical module market is experiencing a rapid shift from copper cables to fiber optics, with 1.6T products expected to see significant growth starting in 2026 [6] - The Yichun Natural Resources Bureau plans to revoke 27 mining licenses, including one for Jiangte Electric's lithium-containing ceramic stone mine with an annual capacity of 1.2 million tons [7] - Travel bookings for the upcoming New Year holiday have increased by nearly 30% compared to the same period last year, indicating a recovery in the tourism sector [8] - A successful clinical trial of an invasive brain-computer interface was completed, allowing a paralyzed patient to control a smart wheelchair using brain signals [9] - The upcoming FORCE conference by Volcano Engine is expected to introduce new AI models, enhancing performance and reducing costs [10] - The fifth International AIDC Liquid Cooling Supply Chain Summit will discuss the growing importance of liquid cooling technology in data centers due to rising AI server demands [11] - The founder of Hailin Energy predicts that global electricity demand will surge by 2050, emphasizing the critical role of energy storage in addressing energy challenges [12][13] Institutional Perspectives - CITIC Securities highlights structural opportunities in the express delivery sector, focusing on cost reduction across the entire supply chain [14] - CICC notes that the food and beverage industry is nearing a bottom, with a focus on high-quality growth driven by product innovation and channel expansion [15] - Huatai Securities anticipates that the recent approval of L3 autonomous driving vehicles will accelerate value reconstruction in the smart driving industry, with significant investment opportunities emerging in 2026 [16]

Group 1 - Hainan Free Trade Port officially launched full island closure operations on December 18, marking a significant step in China's commitment to high-level opening-up and building an open world economy [2] - The Ministry of Finance reported that from January to November, the national general public budget revenue reached 200,516 billion yuan, a year-on-year increase of 0.8%, with tax revenue at 164,814 billion yuan, up 1.8% [2] - The National Development and Reform Commission and other departments released guidelines for clean and efficient coal utilization, encouraging upgrades and modifications to existing projects to meet benchmark levels [3] Group 2 - On December 17, lithium carbonate main contract prices surged, with a peak increase of 8.84%, closing at 10.862 million yuan per ton, reflecting an 84.1% increase from the year's low [4] - The State Administration for Market Regulation indicated that requiring merchants to offer "lowest prices online" may constitute abuse of market dominance or monopolistic agreements [5] - The National Development and Reform Commission and the National Energy Administration announced the establishment of a national unified electricity market evaluation system, focusing on operational effectiveness and market competition [6] Group 3 - China International Capital Corporation, Dongxing Securities, and Xinda Securities disclosed major asset restructuring plans and are set to resume trading on December 18 [7] - Baida Group's stock has seen significant short-term price increases, indicating potential risks of rapid declines [8] - China Railway Engineering Corporation plans to repurchase A-shares worth between 1 billion and 2 billion yuan [11]