随着11月进入尾声，各家车企均陆续发布了2025年前三季度财报。在主要财务指标中，盈利能力是市场 关注的焦点，特别对于车企而言，单车利润是广受热议的话题。 近日，第一财经记者统计了16家在A股和港股上市的主流车企、新势力以及头部跨国车企。数据显示， 作为豪华车企，奔驰是统计车企中单车利润最高的，每卖一辆车可赚近2.4万元；其次是全球车企"盈利 王"丰田汽车，单车利润可达1.6万元，前三季度净利润超1250亿元。 排在第三的是中国车企赛力斯，单车利润超1.5万元，这也是统计车企中自主品牌单车盈利最高的企 业，而且超过了特斯拉的单车利润1.4万元。 在统计的16家车企中，只有上述4家企业单车利润超过了1万元，占比25%。而且，值得注意的是，这四 家车企中，有两家是新能源车企，其中赛力斯今年前三季度的新能源汽车的销售占比接近九成，特斯拉 是纯电车企。这也说明新能源汽车不赚钱这个结论其实已经不成立。 受到美国汽车关税、电动化转型、裁员成本增加等因素影响，跨国车企的盈利指标今年几乎都遭受了不 同程度地损伤。以奔驰为例，今年前三季度的净利润为38.78亿欧元，而去年同期为78.06亿欧元，同比 跌幅超过了50%。奔驰单车 ...

【#比亚迪召回近8.9万辆秦PLUSDMi#】从国家市场监督管理总局获悉，日前，比亚迪汽车工业有限公 司、比亚迪汽车有限公司根据《缺陷汽车产品召回管理条例》和《缺陷汽车产品召回管理条例实施办 法》的要求，向国家市场监督管理总局备案了召回计划。 召回编号 S2025M0190I：自即日起，召回 2021 年 1 月 7 日至 2022 年 9 月 30 日期间生产的部分秦 PLUS DM-i 车型，共计 36091 辆。 本次召回范围内的部分车辆，由于生产过程中动力电池包一致性存在问题，可能导致动力电池输出功率 受限。极端情况下，无法使用纯电模式行驶，存在安全隐患。 本次召回活动是在国家市场监督管理总局启动缺陷调查情况下开展的。比亚迪汽车工业有限公司、比亚 迪汽车有限公司将委托授权经销商，通过远程升级（OTA）技术，免费为召回范围内的车辆升级车端检 测软件，当检测到动力电池异常时仪表会点亮动力电池故障灯，提示用户回店免费更换动力电池包。 （IT之家） 一、比亚迪汽车工业有限公司 召回编号 S2025M0189I：自即日起，召回 2021 年 9 月 26 日至 2023 年 9 月 23 日期间生产的部分秦 P ...

证券日报网讯 11月28日，蓝箭电子在互动平台回答投资者提问时表示，公司车规级MOSFET，二三极 管，LDO可应用于车联网、无线通信、监测预警等车载通信领域，公司有向比亚迪新能源提供相关汽 车电子类产品，但目前销售额占比不高，尚未对业绩构成重大影响。敬请注意投资风险。 （文章来源：证券日报） ...

Chinese electric vehicle maker BYD will immediately recall 88,981 plug-in hybrids over power battery-related safety hazards, the market regulator said on Friday. ...

两岸爱心汇聚！ 内地与香港企业 捐资超13.6亿港 元驰援大埔火灾 _南方+_南方 plus 火灾无情，人间 有爱。香港大埔 火灾发生后，社 会各界迅速响 应，积极捐款捐 物。据公开信息 不完全统计，近 百家内地与香港 企业及机构捐赠 现金及物资总额 已超过13.6亿港 元，展现出血浓 于水、同舟共济 的深情厚谊。 内地方面，温氏 股份捐赠4000万 港元现金及物 资，腾讯、安踏 集团、马云公益 基金会、波司登 集团分别捐赠 3000万港元，特 步、阿里巴巴、 李宁等多家企业 也纷纷伸出援 手。香港本地及 国际企业、机构 同样踊跃支援， 众提供紧急救助 与后续重建支 持。我们坚信， 在社会各界的共 同努力下，受灾 同胞定能早日渡 过难关，重建家 园。 | 内地企业机构 | 捐赠金额(含物资) | | --- | --- | | 温氏股份 | 4000 万港元现金及物资 | | 腾讯 | 3000 万港元 | | 安踏集团 | 3000 万港元现金及装备 | | 马云公益基金会 | 3000 万港元 | | 波司登集团 | 3000 万港元现金及物资 | | 中国宏桥 | 3000万港元 | | 特步集团 | ...

市场监管总局：自即日起，比亚迪召回2021年9月26日至2023年9月23日期间生产的部分秦PLUSDM-i车型，共计52890辆。召回2021年1月7日至2022年9月30日期间生产的部分秦PLUSDM-i车型，共计36091辆。本次召回范围内的部分车辆，由于生产过程中动力电池包一致性存在问题，可能导致动力电池输出功率受限。极端情况下，无法使用纯电模式行驶，存在安全隐患。 ...

沪指11月28日上涨0.34%，申万所属行业中，今日上涨的有29个，涨幅居前的行业为钢铁、农林牧渔， 涨幅分别为1.59%、1.59%。汽车行业今日上涨1.21%。跌幅居前的行业为银行、煤炭，跌幅分别为 0.83%、0.14%。 汽车行业资金流出榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 301005 | 超捷股份 | -3.80 | 18.40 | -10061.98 | | 000559 | 万向钱潮 | -1.34 | 4.00 | -7019.21 | | 601127 | 赛力斯 | 0.49 | 1.04 | -6692.55 | | 001233 | C海安 | -4.25 | 29.49 | -4077.46 | | 600933 | 爱柯迪 | -0.93 | 1.10 | -2804.48 | | 002048 | 宁波华翔 | -1.22 | 1.94 | -2736.47 | | 600218 | 全柴动力 | -2.33 | 7.77 | -2367.48 | | ...

Core Insights - The Chinese robotics industry is experiencing a shift from a focus on advanced algorithms to practical manufacturing challenges, particularly in the context of commercializing humanoid robots [1][3][19] - The Pearl River Delta region, particularly the 50-kilometer industrial belt from Shenzhen to Foshan, is emerging as a critical area for the practical application and production of robotics, leveraging its engineering capabilities and supply chain advantages [2][18] Group 1: Industry Trends - The initial phase of investment in robotics was characterized by a belief in software-driven solutions, but recent developments indicate a need for more durable and cost-effective physical implementations [1][3] - The "Sim2Real" gap highlights the challenges of transferring algorithms from simulation to real-world applications, necessitating physical feedback and robust manufacturing processes [5][19] Group 2: Regional Advantages - Shenzhen is recognized for its rapid validation environment, where policies and market dynamics foster quick iterations and product development [6][9] - Dongguan is positioned as a key area for scaling production, with a focus on reducing costs and increasing capacity to meet market demands [10][12][13] - Foshan serves as a practical testing ground for robotics applications, emphasizing the importance of real-world performance metrics like MTBF and ROI for industrial clients [14][16] Group 3: Future Outlook - The integration of advanced algorithms with robust manufacturing capabilities is essential for the future of embodied intelligence in robotics [19] - The collaboration between top research teams in Beijing and Shanghai and the manufacturing prowess of the Pearl River Delta is seen as a vital strategy for advancing China's robotics industry towards a trillion-dollar market [18][19]

2 起点锂电 52 起点固态电池 | 倒计时20天 | | --- | | 2025（第十届）起点锂电行业年会暨锂电金鼎奖颁奖典礼 | | &起点研究十周年庆典 | | 2025起点用户侧储能及电池技术论坛 | | 活动主题： 新周期 新技术 新生态 | | 活动时间： 2025年12月18-19日 | | 活动地址： 深圳市维纳斯皇家酒店（深圳国际会展中心京基百纳店）二楼维纳斯厅（深圳市宝安区沙井 | | 镇沙井路118号） | | 主办单位： 起点锂电、起点固态电池、起点储能、起点研究院SPIR | | 活动规模： 线下1200+，在线直播观看30000+ | | 第一批赞助及演讲单位： 海辰储能/融捷能源/瑞浦兰钧/逸飞激光/鹏辉能源/赣锋锂电/多氟多/保力新/ | | 远东电池/国轩吉美泰/诺达智慧/创明新能源/孚能科技/德赛电池/陀普科技/蓝京新能源/中比新能源/北 | | 测新能源/亿鑫丰/达力智能/金力股份/苏州莫洛奇/鑫晟达/先导智能/恩捷股份/尚太科技/超业精密/科 | | 迈罗/东唐智能/贤辰智享/爱签/中天和/和明机械 /信瑞新能源 等 | 11月28日，国家工业和信息化部组织召开动力和 ...

Investment Rating - The report assigns an "Outperform" rating to several companies in the new energy sector, including 阳光电源 (Sunlight Power), 天合光能 (Trina Solar), TCL 中环 (TCL Zhonghuan), 大金重工 (Daikin Heavy Industries), and others, with target prices ranging from 8.54 to 129.78 [1]. Core Insights - Solid-state batteries are emerging as a solution to the dual challenges of energy density and safety, with energy density potentially reaching 500 Wh/kg, significantly higher than traditional lithium-ion batteries [4][21]. - The global market for solid-state batteries is expected to grow rapidly, with shipments projected to reach 36 GWh in 2025 and over 600 GWh by 2030, indicating a significant increase in market penetration from approximately 0.2% in 2024 to an expected 10% by 2030 [38][39]. - China is positioned as a leader in the solid-state battery industry, supported by a comprehensive policy framework and significant market demand, with major companies like 宁德时代 (CATL) and 比亚迪 (BYD) making substantial advancements in production timelines [5][39][50]. Summary by Sections 1. Solid-State Battery Development - Traditional lithium-ion batteries face limitations in energy density and safety, with energy density nearing theoretical limits and safety concerns due to flammable electrolytes [13][19]. - Solid-state batteries utilize solid electrolytes, eliminating flammability risks and enhancing energy density, thus addressing key industry concerns [22][25]. 2. Global Policy Landscape - The development of solid-state batteries has become a strategic priority for major economies, with diverse approaches: Japan focuses on technological leadership, China on rapid commercialization, South Korea on industry integration, and the U.S. on capital-driven innovation [32][33]. - Various countries are implementing supportive policies to foster the growth of the solid-state battery sector, with significant investments in research and development [68]. 3. China’s Market Position - China dominates the global lithium battery market, accounting for 59% of the total installed capacity in 2024, with a strong focus on solid-state battery technology as a key growth area [39][42]. - The Chinese government has elevated solid-state battery research to a strategic level, aiming to secure technological leadership in the next generation of power batteries [50][49]. 4. U.S. Market Dynamics - The U.S. solid-state battery sector is characterized by a focus on startup companies and significant capital investment, with policies aimed at reducing reliance on foreign supply chains and fostering domestic innovation [62][68]. - Major players like QuantumScape and Solid Power are leading the charge in technology validation and partnerships with automotive manufacturers [69][78]. 5. Japan and South Korea’s Strategies - Japan is leveraging its material innovation capabilities to regain leadership in the battery sector, with a focus on solid-state technology as a critical component of its national strategy [83]. - South Korea is enhancing its production capabilities through collaboration among major companies like Samsung SDI and LGES, aiming for accelerated commercialization of solid-state batteries [83].