格林美(002340.SZ)公告称，公司与蔚蓝锂芯签署战略合作协议，双方将建立全面的战略合作伙伴关 系，在超高比能电池领域的原料供应、技术研发、市场开拓、资本要素保障等方面开展深度合作。本次 公司与蔚蓝锂芯签署战略合作协议，有利于双方共同应对全球市场对超高比能电池材料的需求和挑战， 打造超高比能电池材料和固态电池创新联合体，携手开发全球领先的超高比能电池材料与固态电池产业 化技术。 ...

聚焦标杆与热点、解构趋势与韬略 废旧电池，是印钞机。 作者：张静波 以下文章来源于华商韬略 ，作者华商韬略 华商韬略 . 来源： 华商韬略 在中国，每年报废动力电池80万吨，如果将其平铺开，足够堆满750座足球场。 一位曾经的大学教授，靠回收二手废旧电池干出一家上市公司，并把生意做到了全世界。 01 一年狂揽300亿 在深圳郊区，大量的动力电池残骸堆积如山。 许开华俯身拾起一块电池残片，镜片后的双眼闪过一丝光亮。 在大多数人眼中，这些废旧电池，就是隐形的有毒炸弹，一旦破损，电解液会泄漏，金属会渗 入地下水，还可能一拆就爆。 别人眼里的垃圾，在许开华看来，却是印钞机。 因为这些"电子僵尸"体内，藏着大量的锂、钴、镍等关键金属，如果全部回收，将是一笔惊人 的财富。 有人估算过，每回收1吨废旧电池，收益大约2.5万元。而2025年，全球产业总规模超千亿 元。 随着电动汽车的渗透率不断提升，全球锂电池在2025年正迎来首次退役高峰，未来规模还将 不断飙升。 更重要的是，中国在锂、钴、镍等关键矿产上，高度依赖进口，其中钴的进口依赖度高达 98%。 二手电池回收，成为化解这种供应链风险的重要途径之一。 既能赚钱，还能为国 ...

中银证券指出，预计2025年国内新能源汽车销量有望保持高增，带动电池和材料需求增长。碳酸锂价格 近期上涨明显，有望带动相关环节盈利修复，建议重点关注电池、正极材料环节。新技术方面，固态电 池在新能源汽车和储能应用上均取得成果，产业化趋势明确，后续关注固态电池相关材料和设备企业验 证进展。 新能车ETF(515700)，场外联接(平安中证新能源汽车ETF发起联接A：012698；平安中证新能源汽车 ETF发起联接C：012699；平安中证新能源汽车ETF发起联接E：024504)。 新能车ETF紧密跟踪中证新能源汽车产业指数，中证新能源汽车产业指数选取50只业务涉及新能源整 车、电机电控、锂电设备、电芯电池、电池材料等新能源汽车产业的上市公司证券作为指数样本，反映 新能源汽车产业龙头上市公司证券的整体表现。 8月20日，乘联分会发布数据，8月1-17日，全国乘用车市场零售86.6万辆，同比去年8月同期增长2%， 较上月同期增长8%；今年以来累计零售1,361.1万辆，同比增长10%。8月1-17日，全国乘用车新能源市 场零售50.2万辆，同比去年8月同期增长9%，较上月同期增长12%，全国乘用车新能源市场零售渗 ...

Group 1 - The core viewpoint of the article highlights the significant developments in the lithium battery industry, including production increases and strategic partnerships among key players [2][3][4][5][6][7][9][11][13]. Group 2 - Blue Lithium's battery shipment volume reached approximately 310 million units in the first half of the year, with a target of over 50% growth for the full year [2]. - CATL established a new subsidiary in Xiamen with a registered capital of 2 billion yuan, focusing on battery manufacturing and sales [3]. - Tailan New Energy signed a contract for a solid-state battery production base in Hubei, marking a significant expansion of its manufacturing network [4]. - BYD launched a range of lithium batteries for electric two and three-wheelers, with prices ranging from 1,298 yuan to 6,998 yuan [6]. - A new project in Kashgar aims to produce 60 million cylindrical power batteries annually, with a total investment of 15 million yuan [7]. - Gree's partnership with China Huadian Group focuses on building low-carbon and zero-carbon industrial parks, promoting a "green + circular" cooperation model [9]. - A project in Hunan for producing 10,000 tons of porous carbon for silicon-carbon anode materials is under environmental assessment, with a total investment of 10 million yuan [11]. - Tianyuan Co. announced that its 900,000 tons/year phosphate mining project has entered trial production, which is expected to enhance future operational performance [13].

Group 1 - The core viewpoint of the articles highlights the increasing competitiveness of Chinese electric vehicle (EV) manufacturers in the global market, with a significant shift towards overseas investments and local manufacturing [1][2] - In 2023, China exported 1.203 million new energy vehicles, marking a year-on-year increase of 77.6%, and is projected to export 1.284 million units in 2024, a growth of 6.7% [1] - From January to July 2023, exports of Chinese new energy vehicles reached 1.308 million units, up 84.6% year-on-year, with July alone seeing exports of 225,000 units, a 120% increase [1] Group 2 - The report from Rhodium Group indicates that increasing regulatory barriers in markets like the EU are prompting more Chinese companies to establish local manufacturing operations [2] - Great Wall Motors announced the official production launch of its first factory in Brazil, with plans for a second factory under consideration [3] - BYD commenced production at its first factory in Brazil in July 2023, with overseas sales surpassing 545,000 units by July, exceeding the total expected for 2024 [3] Group 3 - Companies are leveraging capital markets to accelerate their global expansion, as seen with Seres' H-share issuance plan aimed at enhancing its global strategy [4] - Seres plans to localize high-end brands overseas and develop international models that comply with regional regulations and consumer preferences [4] - The automotive sector has become the second most active area for Chinese outbound investment, following materials and metals [4] Group 4 - Rhodium Group noted a surge in activity among electric vehicle component manufacturers, with several transactions exceeding $100 million [5] - The largest transaction involved China’s Grinm Group, which invested $293 million to expand its ternary precursor production facilities in Indonesia [5]

Group 1 - The global sales of new energy vehicles (NEV), including battery electric vehicles (BEV), plug-in hybrid electric vehicles (PHEV), and hydrogen fuel cell vehicles, are projected to reach 4.868 million units in Q2 2025, representing a 30% year-on-year growth. Including hybrid electric vehicles (HEV), total EV sales are expected to hit 6.456 million units, accounting for 29% of total global automobile sales [1] - CITIC Securities expresses a strong positive outlook on the configuration value of core battery assets in China. In the short term, battery prices are stabilizing due to ongoing supply-demand improvements, with lower upstream raw material costs and increased operating rates contributing to additional profit elasticity. The battery sector's performance is expected to exceed expectations [1] - In the medium to long term, the trend of supply-demand improvement remains clear, with electrification of commercial vehicles, AI data centers, and overseas markets likely to bring excess growth to leading companies. Chinese battery core assets are significantly more advantageous in valuation compared to Japanese and Korean companies [1] Group 2 - The CSI New Energy Vehicle Industry Index, which the New Energy Vehicle ETF closely tracks, selects 50 listed companies involved in various aspects of the new energy vehicle industry, reflecting the overall performance of leading companies in this sector [1] - As of July 31, 2025, the top ten weighted stocks in the CSI New Energy Vehicle Industry Index account for 55.33% of the index. These stocks include CATL, Huichuan Technology, BYD, Changan Automobile, and others [2] - The New Energy Vehicle ETF has several off-market connection options, including Ping An CSI New Energy Vehicle ETF Initiated Connection A, C, and E [2]

Market Overview - US stock market showed slight fluctuations ahead of the global central bank meeting, with the S&P 500 index down 0.01%, Dow Jones down 0.08%, and Nasdaq up 0.03% [1] - The Nasdaq Golden Dragon China Index rose by 0.12%, with notable gains in Chinese concept stocks such as Xunlei up over 37%, Burning Stone Medical up about 36%, and Huami Technology up over 28% [3] Company Performance - Meta Platforms saw a decline of over 2%, while Tesla rebounded by over 1% and Intel dropped nearly 3.7% [2] - Novo Nordisk's stock increased by nearly 7%, and its partner GoodRx surged by 37% following the announcement of a cash payment discount for its weight loss drug [2][7] - China Shipbuilding reported zero objection shares, leading to stock resumption [22] Economic Indicators - US Treasury yields have risen for three consecutive days, with the ten-year yield reaching a two-week high [4] - The dollar index rebounded, moving away from a two-week low [4] Industry Developments - India and Vietnam have imposed anti-dumping duties on Chinese PVC and steel products, respectively [6] - The low-altitude economy is gaining traction, with the first low-altitude route connecting Kunshan and Shanghai officially launched, reducing travel time to 20 minutes [15] - Beijing is advancing hydrogen energy infrastructure and applications, with plans for a comprehensive network in the Beijing-Tianjin-Hebei region [16] Financial Results - Shan Jin International reported a net profit of 1.596 billion yuan for the first half of the year, a year-on-year increase of 48.43% [24] - Cambridge Technology's net profit for the first half of the year was 121 million yuan, up 51.12% year-on-year, driven by strong performance in high-speed optical modules and telecom broadband access [24] - Fei Rongda's net profit surged by 118.54% to 166 million yuan, attributed to increased market share and demand recovery in consumer electronics [24] New Initiatives - Guangdong has released guidelines for financial support for AI and robotics projects, with individual projects eligible for up to 50 million yuan in subsidies [11] - Chongqing is seeking public opinion on its hydrogen station industry development plan for 2025-2035, aiming for systematic infrastructure development [11][16]

Core Viewpoint - The strategic cooperation agreement between Greenmech Co., Ltd. and China Huadian Corporation Hubei Branch aims to jointly build low-carbon and zero-carbon industrial parks globally, leveraging green electricity connections and promoting a multi-faceted "green + circular" cooperation model under the national "dual carbon" strategy [4][16]. Group 1: Overview of the Agreement - The agreement was signed on August 18, 2025, and does not require board or shareholder approval, nor does it constitute a related party transaction or a major asset restructuring [4][3]. - The cooperation focuses on resource sharing and complementary advantages to enhance both parties' green competitiveness and promote high-quality green development [8][16]. Group 2: Cooperation Scope - The cooperation includes the construction of low-carbon and zero-carbon parks globally, responding to national directives and focusing on green electricity connections, distributed photovoltaic generation, energy storage, and carbon quota trading [9]. - Joint development of renewable energy projects, including wind and solar energy, with a focus on energy storage facilities, is planned to be implemented by 2025 [9]. - The agreement also covers electricity market development, biomass energy utilization, and energy management optimization to reduce energy consumption and costs [10][16]. Group 3: Responsibilities and Implementation - Both parties are obligated to coordinate with relevant units to support the cooperation and will formalize specific project agreements as needed [11]. - A dedicated team will be established to facilitate high-level exchanges and ensure the cooperation is effectively implemented [12]. - The agreement is valid for three years and can be renewed upon mutual consent [13]. Group 4: Impact on the Company - The strategic cooperation is expected to significantly reduce carbon emissions, enhance the company's ESG value, and improve competitiveness in the green energy market [16]. - The agreement will not have a major impact on the company's current financial status or operational results but is anticipated to positively influence future operations in response to global green electricity and carbon footprint developments [16].

Core Viewpoint - The company has signed a strategic cooperation framework agreement with China Huadian Corporation Hubei Branch to jointly build low-carbon and zero-carbon industrial parks globally, focusing on green electricity connectivity and resource sharing to enhance ESG value and competitiveness [1] Group 1: Strategic Cooperation - The strategic cooperation agreement aims to establish a global low-carbon and zero-carbon industrial park construction and operation system [1] - The partnership will leverage "green electricity direct connection" to trace green electricity and implement a multi-faceted "green + circular" cooperation model [1] Group 2: Environmental and Economic Impact - The use of green low-carbon energy is expected to significantly reduce carbon emissions and meet downstream customers' certification requirements for green electricity tracing and carbon footprint [1] - The initiative will help the company address challenges related to "carbon tariffs," thereby enhancing its ESG value and meeting global customer demands [1] Group 3: Business Growth and Competitiveness - The collaboration is anticipated to lower production costs, improve profitability, and enhance product competitiveness [1] - This strategic move aligns with the company's long-term development strategy and benefits a wide range of investors while promoting the development of the global green industry [1]

Core Viewpoint - The company has signed a strategic cooperation framework agreement with China Huadian Corporation Hubei Branch to jointly build low-carbon and zero-carbon industrial parks globally, focusing on green electricity connectivity and resource sharing to enhance ESG value and competitiveness [1] Group 1: Strategic Cooperation - The strategic cooperation agreement aims to establish a global low-carbon and zero-carbon industrial park construction and operation system [1] - The partnership will leverage "green electricity direct connection" to trace green electricity and implement a multi-faceted "green + circular" cooperation model [1] Group 2: Environmental and Economic Impact - The use of green low-carbon energy is expected to significantly reduce carbon emissions and meet downstream customer requirements for green electricity tracing and carbon footprint certification [1] - The collaboration is anticipated to lower production costs, enhance profitability, and improve product competitiveness, contributing to the high-quality development of the company's green low-carbon industry [1] Group 3: Long-term Development Strategy - The agreement aligns with the national "dual carbon" strategy and supports the company's long-term development strategy and the interests of investors [1] - The initiative is expected to promote the development of the global green industry and enhance the company's global competitiveness [1]