Group 1: Battery Production - In July 2025, the production of power and other batteries reached 133.8 GWh, with a year-on-year growth of 44.3% and a month-on-month increase of 3.6% [6][4]. - From January to July 2025, the cumulative production of power and other batteries was 831.1 GWh, reflecting a year-on-year growth of 57.5% [6][4]. - The production breakdown by material type in July shows that lithium iron phosphate batteries accounted for 77.8% of the total production, while ternary materials made up 22.1% [8]. Group 2: Battery Sales - In July 2025, the sales of power and other batteries totaled 127.2 GWh, marking a year-on-year increase of 47.8% but a month-on-month decline of 3.2% [15][11]. - Cumulatively, from January to July 2025, the sales of power and other batteries reached 786.2 GWh, with a year-on-year growth of 60.6% [15][11]. - The sales of power batteries alone in July were 91.1 GWh, which is a 45.8% increase year-on-year [16][15]. Group 3: Export Data - In July 2025, the total export volume of power and other batteries was 23.2 GWh, showing a year-on-year growth of 35.4% [23][20]. - From January to July 2025, the cumulative export volume reached 150.5 GWh, reflecting a year-on-year increase of 53.1% [23][20]. - The export of power batteries in July was 14.8 GWh, with a year-on-year growth of 48.4% [27][20]. Group 4: Battery Installation - In July 2025, the installation volume of power batteries was 55.9 GWh, with a year-on-year increase of 34.3% [46][46]. - Cumulatively, from January to July 2025, the total installation volume reached 355.4 GWh, reflecting a year-on-year growth of 45.1% [46][46]. - The installation of lithium iron phosphate batteries accounted for 80.4% of the total installation volume in July [46][46]. Group 5: Market Concentration - In July 2025, the top two battery manufacturers accounted for 62.5% of the market share, while the top five and top ten accounted for 80.3% and 94.3%, respectively [58][60]. - The number of battery manufacturers in the market decreased to 33 in July 2025, down from the previous year [60][60]. - The market concentration for the top ten manufacturers showed a slight decrease of 1.3 percentage points compared to the previous year [58][60].

Investment Rating - The report assigns a "Buy" rating to multiple companies in the automotive sector, indicating a positive outlook for their future performance [2][12][13]. Core Insights - In July, the penetration rate of new energy vehicles (NEVs) reached 54%, marking a new high for the year, with expectations for stable growth in the automotive market in August [1][5]. - The retail sales of passenger vehicles in July were 1.826 million units, showing a year-on-year increase of 6.3% but a month-on-month decline of 12.4% [5]. - The cumulative retail sales for the first seven months of 2025 reached 12.728 million units, reflecting a year-on-year growth of 10.1% [5]. - Domestic brands outperformed the overall industry, with retail sales of 1.21 million units in July, a year-on-year increase of 14% [5]. - The report highlights that NEV retail sales in July were 987,000 units, with a year-on-year increase of 12% [5]. Summary by Sections Market Performance - The automotive market entered a sales lull in July, with a slight decline in month-on-month sales but maintained year-on-year growth due to trade-in programs [5]. - The market share of domestic brands increased to 65.9%, while mainstream joint venture brands saw a decline in retail sales [5]. New Energy Vehicles - The NEV penetration rate for the first seven months of 2025 was 50.7%, with July's rate at 54%, an increase of 2.7 percentage points year-on-year [5]. - The report notes that the export of NEVs maintained a strong growth trend, with July exports totaling 213,000 units, a year-on-year increase of 120.4% [5]. Investment Opportunities - The report suggests that the upcoming launch of several new models, including Li Auto's i6 and the new XPeng P7, will enhance market supply and drive retail sales recovery [5]. - Companies to watch include BYD, XPeng Motors, and Geely, all rated as "Buy" due to their potential for growth and market performance [5][12].

Group 1 - The core viewpoint of the article emphasizes the support from planning and resource departments in facilitating the early landing and production of "chain master" projects, particularly highlighting the case of Nanjing Guoxuan New Energy Technology Co., Ltd. [1][2] - Nanjing Guoxuan has invested over 10 billion yuan in its facility, covering nearly 1,000 acres, with a designed annual production capacity of 28 GWh, becoming a comprehensive production park for power and energy storage batteries [2] - In 2023, Nanjing Guoxuan's output value surpassed 10 billion yuan for the first time, and the company entered the top 100 manufacturing enterprises in Jiangsu Province [2] Group 2 - The planning and resource department has prioritized serving "chain master" enterprises, actively optimizing industrial space planning to meet development needs [2] - The department has implemented new policies such as "first come, first served" for land use plans and "immediate enjoyment" of exemptions, resulting in the use of over 7,500 acres of newly added construction land this year [2] - The optimization of approval processes has led to significant time savings, exemplified by the Hua Tian testing project, which reduced land acquisition time by 70% compared to similar projects [3]

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - In the 31st week of 2025 (July 28 - August 3), domestic passenger car and new energy passenger car sales increased week - on - week. Passenger car retail sales were 465,000 units, a year - on - year increase of 2.8%; new energy passenger car retail sales were 247,000 units, a year - on - year increase of 10.4%, with a penetration rate of 53.1%. Since the beginning of the year, cumulative passenger car retail sales were 12.563 million units, a year - on - year increase of 7.0%; cumulative new energy passenger car retail sales were 6.407 million units, a year - on - year increase of 26.9%, with a cumulative penetration rate of 51.0% [2][110][118]. - The China Passenger Car Association slightly raised the full - year forecast for 2025. It is expected that passenger car retail sales will reach 24.35 million units, a 6% increase, with the forecast volume 300,000 units more than the June forecast; passenger car exports will be 5.46 million units, a 14% increase, with the forecast volume 160,000 units higher than the initial forecast; new energy passenger car wholesale will be 15.48 million units, a 27% increase, with the forecast volume slightly down from the June forecast, and the new energy wholesale penetration rate will reach 56%; automobile wholesale will be 34.04 million units, an 8% increase, with the forecast volume 5 percentage points higher than the initial forecast [2][108][118]. 3. Summary According to the Directory 3.1. Key Target Tracking - The report presents the weekly price changes of relevant sectors and listed companies. For example, among listed companies, Great Wall Motor (601633.SH) had a weekly increase of 3.00%, while BYD (002594.SZ) had a weekly decrease of 1.77% [16]. 3.2. Industrial Chain Data Tracking 3.2.1. China New Energy Vehicle Market Tracking - **Sales and Exports**: Charts show the sales (seasonal), penetration rate, domestic sales (seasonal), exports (seasonal), and sales of EV and PHV in the Chinese new energy vehicle market [17][22][24]. - **Inventory Changes**: Charts display the monthly new inventory of new energy passenger vehicle channels and manufacturers [26]. - **Delivery Volume of New Energy Vehicle Manufacturers**: Charts present the monthly delivery volumes of several new energy vehicle manufacturers such as Leapmotor, Li Auto, XPeng, etc. [29][33][35]. 3.2.2. Global and Overseas New Energy Vehicle Market Tracking - **Global Market**: Charts show the sales (by region), penetration rate, and sales of EV and PHV in the global new energy vehicle market [41][44]. - **European Market**: Charts present the sales, penetration rate, and sales of EV and PHV in the European new energy vehicle market, as well as the sales of EV and PHV in the UK, Germany, and France [46][49][50]. - **North American Market**: Charts show the sales, penetration rate, and sales of EV and PHV in the North American new energy vehicle market [59][60]. - **Other Regions**: Charts display the sales, penetration rate, and sales of EV and PHV in other regions, including Japan, South Korea, and Thailand [62][63][67]. 3.2.3. Power Battery Industry Chain - Charts show the power battery loading volume (by material), export volume (by material), weekly average price of battery cells, cell material cost, and the operating rates and prices of various battery materials such as ternary materials, precursors, lithium iron phosphate, etc. [78][82][83]. 3.2.4. Other Upstream Raw Materials - Charts present the daily prices of rubber, glass, steel, and aluminum [102][104]. 3.3. Hot News Summary 3.3.1. China: Policy Dynamics - The State Administration for Market Regulation plans to build a number of national carbon measurement centers by 2030, with priority given to the carbon measurement needs of key industries such as power batteries [108]. 3.3.2. China: Industry Dynamics - The China Passenger Car Association slightly raised the full - year forecast for 2025, including the increase in passenger car retail, exports, and automobile wholesale, and a slight decrease in new energy passenger car wholesale forecast [108]. - In July, the new energy wholesale sales were 1.18 million units, a year - on - year increase of 25%, and the cumulative wholesale from January to July was 7.63 million units, a year - on - year increase of 35% [109]. - From July 1 - 31, new energy retail sales increased by 14% year - on - year, and the cumulative retail sales since the beginning of the year increased by 30% year - on - year [110]. - From January to June, the domestic charging infrastructure increment was 3.282 million units, a year - on - year increase of 99.2%, and the vehicle - to - charging - pile increment ratio was 1.8:1 [111]. 3.3.3. China: Enterprise Dynamics - Sunwoda plans to list in Hong Kong and build a new production base in Vietnam with a total investment of no more than RMB 2 billion [113]. - Leapmotor's first batch of electric SUVs arrived in Brazil [114]. 3.3.4. Overseas: Policy Dynamics - Russia will allocate 5.7 billion rubles from 2025 - 2027 to develop electric vehicle charging infrastructure, aiming to have 28,000 DC charging stations with an output power over 149kW in operation by 2030 [114]. 3.3.5. Overseas: Industry Dynamics - In the UK, July passenger car sales decreased by 5.0% to 140,000 units, while pure - electric and plug - in hybrid vehicles increased by 9.1% and 33.0% respectively [115]. - In Germany, July passenger car sales increased by 11.1% to 265,000 units, with pure - electric and plug - in hybrid vehicles increasing by 58.0% and 83.6% respectively [116]. - In Brazil, July new car sales increased by 0.8% to 243,000 units, with pure - electric and plug - in hybrid vehicles increasing by 48.2% and 22.3% respectively [116]. 3.4. Industry Views - Similar to the core views, it emphasizes the sales situation in the 31st week of 2025 and the adjustment of the full - year forecast by the China Passenger Car Association [118]. 3.5. Investment Suggestions - The penetration rate of the Chinese new energy vehicle market exceeded 30% in 2023 and 50% since 2024. In 2025, high - competitiveness new car products continue to be launched, and price wars are gradually halted. Overseas, due to strong trade protectionism in Europe and the US, there are risks in exports. Attention should be paid to new growth points such as countries along the Belt and Road and the Middle East. In terms of the competitive landscape, domestic independent brands' market share continues to expand, and attention should be paid to companies with strong product capabilities, smooth overseas expansion, and stable supply [3][119].

Group 1 - The core index of the China Securities Battery Theme Index (CS Battery, 931719) rose by 0.59% to 2633.73 points, with a trading volume of 34.447 billion yuan on August 8 [1] - The CS Battery Index has increased by 4.76% over the past month, 9.09% over the past three months, and 3.79% year-to-date [1] - The index includes companies involved in power batteries, energy storage batteries, consumer electronics batteries, and related upstream and downstream industries [1] Group 2 - The top ten weighted companies in the CS Battery Index are: Sunshine Power (12.06%), CATL (9.81%), Sanhua Intelligent Control (6.26%), Yiwei Lithium Energy (5.61%), Greeenme (3.49%), Guoxuan High-Tech (3.27%), Xinwanda (3.25%), Lead Intelligent (2.94%), Tianci Materials (2.65%), and Yinlun (2.59%) [1] - The market segments of the CS Battery Index holdings show that 80.19% are from the Shenzhen Stock Exchange, 19.04% from the Shanghai Stock Exchange, and 0.77% from the Beijing Stock Exchange [1] Group 3 - The industry composition of the CS Battery Index holdings indicates that 85.29% is in the industrial sector, 12.14% in consumer discretionary, 1.54% in materials, and 1.02% in utilities [2] - The index samples are adjusted every six months, with adjustments implemented on the next trading day after the second Friday of June and December [2] - Public funds tracking the CS Battery Index include: Southern CSI Battery Theme Index C, Fortune CSI Battery Theme Connection C, Great Wall CSI Battery Theme C, and several ETFs [2]

Group 1 - The stock price of Guoxuan High-Tech closed at 29.06 yuan on August 7, 2025, down by 0.19 yuan, a decrease of 0.65% from the previous trading day [1] - The trading volume on that day was 332,400 hands, with a total transaction amount of 964 million yuan [1] - Guoxuan High-Tech's main business includes the research, production, and sales of lithium-ion batteries and their materials, primarily used in new energy vehicle power batteries and energy storage batteries [1] Group 2 - The company's production capacity at its U.S. battery factory will be reduced due to the impact of the U.S. "Big and Beautiful" Act, which adjusts subsidy policies for new energy vehicles and imposes several restrictive clauses [1] - Industry insiders indicate that this policy change may significantly affect Chinese supply chain enterprises that heavily rely on the U.S. market [1] - On August 7, the net outflow of main funds for Guoxuan High-Tech was 85.01 million yuan, with a cumulative net outflow of 195 million yuan over the past five trading days [1]

行家说储能 ▋ 安徽明美新能：2MWh工商储项目投运 日前，安徽明美新能为名美科技产业园打造的1MW/2MWh工商业储能示范项目正式落地投运，为大湾区产业园区能源管理提供了标杆样本。 近日，多个工商业储能项目迎来最新进展，其中多个为首个项目，在河北、安徽淮南等地实现零的突破。 其中，1个开工、7个并网，这些项目中最大单体规模为100MWh， 容量规模超218MWh 主要分布在安徽（3个）、广东（2个）、江苏、河北、山东等地，涉及弘正 储能、明美新能、远东储能、蜂巢能源、融和元储等储能相关企业。 ▋ 弘正储能：常州 20.06MWh工商储项目投运 近日，江苏省常州市新申达6.9MW/20.06MWh工商业储能项目顺利通过验收并正式投运。 项目采用" 4台弘正储能D-Ocean 5.016MWh液冷直流舱+4台逆变升压一体舱 "的核心配置，通过10kV高压并网接入厂区电网，并设置防逆流装置，在严守并网规范 的同时，阻断电力倒灌风险，保障厂区电网安全。 此外，项目将 深度融合削峰填谷、需量管理等多元能量调度策略与多时间尺度控制技术，同步集成智能预警与预测功能，实时解析负荷曲线、电价波动及设 备健康度等关键数据，动态 ...

受关税不确定性以及美国"大而美"法案公布影响，美国新能源产业迎来变局，中资新能源产业供应链企 业或首当其冲。 据了解，近期多个在美电池项目出现调整。据消息人士透露，松下控股决定推迟其新建的美国电动汽车 电池工厂的全面运营，因为松下主要客户特斯拉报告销售低迷。该工厂是松下在美国的第二个生产基 地，已于2022年秋季开工，投资约40亿美元，原计划于2026财年末开始运营。 无独有偶，供应宝马北美及全球市场的动力电池供应商远景动力，近期也宣布暂缓美国南卡罗来纳州电 池工厂项目。另外，国轩高科（002074）美国电池工厂也将缩减产能，宁德时代（300750）与福特汽车 在密歇根州合作的电池项目也面临搁置风险。此外，FREYR、KORE Power、iM3NY三家电池生产商也 取消了其在美国的电池制造设施建设项目，另外ABF等五家电池生产商推迟了生产工厂的建设计划，总 产能为19.2GWh。 据了解，宁德时代、远景动力、国轩高科是较早一批在全球化背景下，在美国布局动力电池产业链的中 国企业。另一储能新秀厦门海辰储能也或将受牵连，而当前其正处于IPO关键期。 具体情况为，2024年海辰储能前五大客户中两家为美国公司，分别 ...

Market Performance - The major stock indices showed positive monthly performance, with the CSI 300 index closing at 4075.59, up by 3.54% [12] - The CSI 500 index had the highest monthly gain of 5.26%, closing at 6226.34 [12] - The Shanghai Composite Index increased by 3.74%, closing at 3573.21 [13] Sector Performance - The healthcare sector led with a monthly increase of 12.70% in the CSI 300 index [21] - The communication services sector also performed well, rising by 15.02% [21] - The energy sector showed a modest increase of 2.44% [21] Stock Contributions - The top-performing stocks included WuXi AppTec, which rose by 38.42%, and Industrial Fulian, which increased by 65.05% [18][19] - The worst-performing stocks included Sichuan Road and Bridge, which fell by 12.38% [20] - The top contributors to the CSI 300 index included Guizhou Moutai and Ningde Times, with weightings of 4.13% and 3.23% respectively [18] Trading Volume and Turnover - The average daily trading volume for the CSI 300 was 20,650 million shares, with an average daily turnover of 361 billion yuan [12] - The top traded stocks by turnover included Baogang Co., with a turnover of 874 billion yuan [14] Valuation Metrics - The CSI 300 index has a P/E ratio of 12.56 and a P/B ratio of 1.28 [14] - The financial sector has the lowest P/E ratio at 8.04, while the healthcare sector has the highest at 28.14 [14] Bond Market Performance - The China Bond Index showed a slight decline, with the China 10-Year Treasury Bond Index closing at 265.23, down by 0.09% [22] - The China Corporate Bond Index remained stable, closing at 283.87, with a minimal increase of 0.02% [22]

企查查官方平台显示，7月22日， 芜湖国轩绿色能源有限公司 注册成立 ， 选址 安徽省芜湖市芜湖经济技术开发区， 注册资本10亿元 ，法 人代表为王强。 国轩高科在"大本营"安徽持续布局，近期再落一子！ 经营范围涉及：新兴能源技术研发； 电池销售；电池制造； 新能源汽车废旧动力蓄电池回收及梯次利用；电池零配件生产；资源再生利用技 术研发；新能源汽车换电设施销售；储能技术服务；电池零配件销售；智能输配电及控制设备销售；光伏设备及元器件制造；光伏设备及元器 件销售等。 从股权信息来看，该新公司由合肥国轩100%控股， 合肥国轩则是国轩高科的全资子公司。 国轩高科是安徽本土动力及储能电池企业，总部位于合肥，并以此为基础进行全国乃至全球市场的布局。目前不仅 在合肥、上海、美国硅 谷、德国哥廷根等设立了八大研发中心，并在国内安徽、河北、广西等省份以及 德国（哥廷根）、美国（伊利诺伊州）、越南、泰国等海外 国家布局了生产基地。 仅在安徽本省， 国轩高科就布局了多个锂电项目，涉及电池、材料、回收等全产业链，为其一体化发展贡献了主要力量；同时通过合肥国轩 陆续在庐江、亳州、桐城、滁州、芜湖等地区成立了相关子公司，以进行业务的 ...