（编辑 姚尧） 证券日报网讯 12月29日，潍柴动力在互动平台回答投资者提问时表示，公司始终严格遵循《证券法》 《上市公司信息披露管理办法》及交易所相关规定，并同时兼顾商业保密与合规要求开展信息披露工 作。 ...

格隆汇12月29日丨潍柴动力(000338.SZ)在互动平台表示，公司旗下陕重汽重卡目前已实现封闭区域L4 级组合驾驶辅助技术，并进入商业化阶段。公司正开展固态电池量产规划。 ...

据 香港交易所 披露， 摩根大通 （JPMorgan）对 潍柴动力 股份有限公司- H股的多头持仓比例于2025年 12月23日从9.16%降至8.56%。 ...

据香港交易所披露，摩根大通（JPMorgan）对潍柴动力股份有限公司 - H股的多头持仓比例于2025年12 月23日从9.16%降至8.56%。 ...

Core Insights - The report highlights a significant increase in new car registrations in Hunan Province, with a total of 67,383 vehicles registered in November, of which 36,680 were new energy vehicles (NEVs), representing 54.44% of the total, up from 43.33% the previous month [1][4]. Group 1: New Car Registrations - In November, Hunan Province saw a total of 67,383 new car registrations, with 36,680 being new energy vehicles, marking a month-over-month increase [1]. - The city of Changsha led the province with 29,684 new car registrations, followed by Zhuzhou with 4,998 and Hengyang with 4,322 [4]. Group 2: New Energy Vehicle Market - The proportion of new energy vehicles in Hunan's total new car registrations rose significantly, with seven cities reporting NEV registration rates above 50% in November [4]. - Changsha recorded the highest NEV registration rate at 59.37%, followed by Xiangxi Autonomous Prefecture at 57.32% and Yueyang at 54.81% [4]. Group 3: Leading Models and Brands - The top-selling model in November was the Wuling Hongguang MINI with 2,708 registrations, followed by the Nissan Sylphy with 1,607 and the Xiaomi YU7 with 1,007 [5]. - Notably, BYD secured six positions in the top 16 new car registrations, indicating its strong market presence despite no single model making it to the top three [5][8]. Group 4: Regional Performance - In Changsha, the Xiaomi YU7 was the best-selling model with 998 registrations, while the Wuling Hongguang MINI followed with 867 [9]. - Traditional fuel vehicles like the Nissan Sylphy and Toyota Camry continue to show strong demand, with the Camry ranking sixth in the overall provincial new car registration list [8].

Core Viewpoint - The commercial vehicle industry in 2025 has undergone significant leadership changes across major companies, indicating a strategic shift in management amidst intense market competition [1][46]. Group 1: Major Company Leadership Changes - FAW Jiefang appointed Li Sheng as the new chairman, replacing Wu Bilei, and also saw a significant marketing leadership change with Yu Guangjiang taking over as the head of the marketing headquarters [1][9]. - China National Heavy Duty Truck Group (CNHTC) saw multiple leadership adjustments, with Liu Hongyong becoming chairman and Liu Zhengtai appointed as president [9][10]. - Dongfeng Motor Corporation experienced a series of leadership changes, including Zhang Xiaofan becoming chairman and Liu Liceng taking over as general manager [15][16]. - Weichai Power's president, Li Pengcheng, resigned due to work changes [17]. - Anhui Jianghuai Automobile Group announced a new leadership team with Xiang Xingchu as chairman and Li Ming as general manager [18]. Group 2: Other Notable Changes - The China Ordnance Industry Group appointed Zhou Zhiping as chairman [20]. - Beiben Heavy Truck Group appointed Liu Xiaodong as general manager [23]. - Foton Motor renewed the contract of its general manager, Wu Xibin [23]. - Guangzhou Automobile Group saw Feng Xingya take over as chairman, succeeding Zeng Qinghong [25]. - Changan Automobile Group was established as a new central enterprise, with Zhu Huarong as chairman and Zhao Fei as vice chairman [28]. Group 3: International and Joint Ventures - Cummins China announced several managerial changes across its joint ventures, including new appointments for general managers in various subsidiaries [40]. - Volvo Group China appointed Francis Sum as president, overseeing strategic planning and operations [41]. - ZF Group announced a leadership change with Matthias Miedreich becoming the new chairman [42]. - MAN Truck & Bus appointed Andrew O'Brooks as the new president for Greater China [43].

英轩新范式 共启新章 英轩新范式 智联潍柴芯 2025年12月25日，冬日的黄海之滨，一场关乎工程机械未来的"绿色革命"正悄然启幕。"英轩新范式，智联潍柴芯"新能源产品联合发布会上，两家行业领 军者以技术共研、生态共建之姿，对中国高端制造得绿色转型之路作出了深度诠释。 英轩重工深谙场景与客户痛点，潍柴动力掌握核心技术、持续突破边界，双方此次合作，旨在以体系化创新，破解新能源工程机械在续航、可靠、成本与 效率之间的"平衡"难题。 本次发布的两款新品——YX656EV-GT纯电动装载机与YX656HEV混合动力装载机，并非冰冷参数的堆砌，而是精准回应市场焦虑、各有侧重的"解决方 案"。它们如同硬币的两面，共同勾勒出新能源转型的清晰路径。 发布会上，双方与砂石、木材等行业协会的战略签约，更将合作半径从研发制造延伸至应用场景，形成"研发-应用-反馈-迭代"的闭环，成为重塑产业生态 的"范式革命"。 媒体观察 两款"破局者"如何定义市场新标准 当"重器"巨擘遇见"动力"王者 深远回响 在全球产业向绿色低碳深刻转型的宏大叙事中，工程机械的能源革命已成不可逆的浪潮。然而，电动化之路并非简单的动力替换，更面临着续航焦虑、成 ...

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 天眼查资料显示，潍柴动力股份有限公司，成立于2002年，位于潍坊市，是一家以从事汽车制造业为主 的企业。企业注册资本871567.1296万人民币。通过天眼查大数据分析，潍柴动力股份有限公司共对外 投资了64家企业，参与招投标项目5000次，财产线索方面有商标信息741条，专利信息5000条，此外企 业还拥有行政许可778个。 潍柴数字科技有限公司，成立于2019年，位于潍坊市，是一家以从事软件和信息技术服务业为主的企 业。企业注册资本10000万人民币。通过天眼查大数据分析，潍柴数字科技有限公司参与招投标项目2 次，专利信息4条。 国家知识产权局信息显示，潍柴动力股份有限公司取得一项名为"基于驾驶路谱辅助的路感增强方法及 系统"的专利，授权公告号CN120552965B，申请日期为2025年7月。 ...

Investment Rating - The industry investment rating is "Positive" (maintained) [6] Core Viewpoints - The overseas AIDC construction remains robust, while domestic demand is expected to rebound in 2026. In the second half of 2025, there is a clear divergence in AIDC construction between domestic and international markets. North America continues to experience high levels of capital expenditure, with the four major cloud providers' capital spending reaching $257.4 billion in the first three quarters of 2025, a 65% year-on-year increase. In contrast, domestic cloud providers are experiencing a temporary slowdown in capital expenditure growth due to restrictions on high-end computing card imports, which has delayed some AIDC project timelines. However, this impact is seen as a deferral of demand rather than a disappearance of demand. As overseas supply of computing cards improves and domestic alternatives continue to develop, a "pent-up rebound" in domestic AIDC construction is anticipated in 2026, indicating potential for demand release [1]. Summary by Sections AIDC Equipment - The report highlights the ongoing high demand for AIDC equipment in North America, driven by rapid growth in AI computing needs and delayed power grid construction, leading to increased orders for gas turbines for self-generation or distributed power supply [2]. Gas Turbines - The global gas turbine market is characterized by a significant supply-demand imbalance, with an expected increase of over 85 GW in global gas turbine orders in 2025, while existing effective capacity is around 50 GW. The market is dominated by GE, Siemens Energy, and Mitsubishi Heavy Industries, which together hold an 88% market share. The backlog of orders extends to 2028, creating opportunities for Chinese companies to enter the overseas market [2][3]. Diesel Generators - Diesel generators are essential backup power sources in AIDC construction, with a long-term market dominated by Cummins, MTU, and Caterpillar, which together hold about 85% of the market share in China. Current capacity bottlenecks faced by overseas manufacturers present a window of opportunity for domestic manufacturers like Weichai to replace foreign brands and expand internationally [4]. Cooling Equipment - The report notes that the rapid increase in AI chip power consumption is pushing the adoption of liquid cooling solutions, as traditional air cooling approaches reach their physical limits. This trend is expected to drive demand for related cooling equipment [5]. Emerging Technologies - Solid Oxide Fuel Cells (SOFC) are being explored as a solution to power shortages in North America, offering high modularity, short delivery cycles, and high efficiency. The report suggests that SOFC costs are approaching those of gas turbines, indicating a potential growth area [7]. Data Center Busbars - The traditional "rack and cable" approach in high-power density scenarios is being replaced by intelligent busbar solutions, which offer higher reliability and easier maintenance, marking a significant upgrade direction for data center power distribution systems [8]. Investment Recommendations - The report recommends focusing on several key areas: gas turbines, diesel generators, cooling equipment, and emerging technologies like SOFC and data center busbars, as these sectors are expected to benefit from structural opportunities driven by both domestic and international demand [8]. Key companies to watch include Yingliu, Ice Wheel Environment, Weichai Power, Haomai Technology, and Jerry [8].

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 国家知识产权局信息显示，潍柴动力股份有限公司取得一项名为"AMT气动离合器的预测控制方法、装 置、设备及介质"的专利，授权公告号CN116816830B，申请日期为2023年6月。 天眼查资料显示，潍柴动力股份有限公司，成立于2002年，位于潍坊市，是一家以从事汽车制造业为主 的企业。企业注册资本871567.1296万人民币。通过天眼查大数据分析，潍柴动力股份有限公司共对外 投资了64家企业，参与招投标项目5000次，财产线索方面有商标信息741条，专利信息5000条，此外企 业还拥有行政许可778个。 潍坊潍柴动力科技有限责任公司，成立于2017年，位于潍坊市，是一家以从事研究和试验发展为主的企 业。企业注册资本17600万人民币。通过天眼查大数据分析，潍坊潍柴动力科技有限责任公司参与招投 标项目6次，专利信息879条，此外企业还拥有行政许可3个。 ...