Core Insights - The long-standing dominance of Japanese automakers in Southeast Asia's automotive market is being challenged as demand shifts towards electric vehicles, with Chinese brands like BYD gaining significant traction [1][4] Group 1: Market Overview - In Q3 2023, total automotive sales in the five major Southeast Asian markets reached 731,900 units, a year-on-year decline of 4% but a quarter-on-quarter increase of 4% [4] - Indonesia's automotive sales fell by 17% year-on-year to 184,403 units, marking a 26% drop compared to two years ago, significantly impacting Japanese manufacturers who hold 90% market share [4] - Toyota remains the market leader in Indonesia with a 33.4% market share, but its Q3 sales dropped by 26%, while Daihatsu's sales fell by 24% [4] Group 2: Brand Performance - BYD's Atto 1 electric vehicle surpassed Toyota's Innova and Avanza in sales for the first time in October, with 9,396 units sold [4] - Astra International, Indonesia's largest automotive dealer, reported a 20% year-on-year decline in sales to 34,888 units, with market share dropping from 54% in September to 47% [4] - In Malaysia, automotive sales increased by 3% year-on-year to 201,588 units, supported by a 5.2% GDP growth [5] Group 3: Competitive Landscape - Chinese automakers are reshaping the Malaysian market, with Chery's sales reaching 25,631 units in the first ten months of the year, a 78.2% increase year-on-year, while BYD's electric vehicle sales grew by 56.5% [5] - Chery's growth began in Q3 2023, and it has surpassed Mitsubishi in sales for the first time in Q1 2024, and is on track to overtake Mazda in Q3 2024 [8] - The shift in consumer preference from sedans to SUVs is evident, with Chery's competitively priced models attracting buyers who previously considered Japanese sedans [8]

21世纪经济报道记者 陈思琦 深圳报道 11月21日，中国科学院、中国工程院公布2025年院士增选结果，分别选举产生中国科学院院士73人、中 国工程院院士71人。 值得关注的是，深圳新增4名两院院士，包括1名中国科学院院士，2名中国工程院院士和1名中国工程院 外籍院士。 其中，南方科技大学化学系讲席教授夏海平当选中国科学院院士；哈尔滨工业大学副校长、深圳校区校 长黄玉东，比亚迪首席科学家、汽车总工程师、汽车工程研究院院长廉玉波当选中国工程院院士；香港 中文大学（深圳）副校长朱世平当选中国工程院外籍院士。 公开数据显示，从1999年深圳成功引进首位全职院士牛憨笨，二十余年过去，深圳全职院士已近百人， 各级高层次人才达2.65万人。 夏海平：三度入围院士候选 中国科学院公告显示，南方科技大学夏海平今年60岁，研究方向为元素与金属有机化学。 据南方科技大学官网，夏海平任深圳格拉布斯研究院执行院长、南方科技大学党委委员、化学系讲席教 授、博士生导师，曾获2020年度"国家自然科学"二等奖（第一完成人），2021年、2023年、2025年三度 成为中国科学院院士有效候选人。 | 7 | 申有青 | 56 | 浙江大学 ...

Core Insights - BYD has officially launched its flagship sedan Han L with new color options and OTA updates, offering three EV models priced between 204,800 to 264,800 yuan after subsidies, and three DM models priced between 194,800 to 244,800 yuan after subsidies [1][2] Pricing and Promotions - The Han L EV models are priced at 204,800 yuan for the base model and up to 264,800 yuan for the top model after subsidies, while the Han L DM models range from 194,800 yuan to 244,800 yuan after subsidies [1][2] - Customers can enjoy a maximum of 52,000 yuan in value-added benefits, including trade-in subsidies [1][2] Vehicle Specifications - The Han L EV features the world's first mass-produced passenger vehicle with a full-domain kilovolt high-voltage architecture, equipped with a fast-charging battery and a 30,000 RPM motor [1][2] - The peak charging power of the Han L EV reaches 1000 kW, allowing for a 400 km range to be charged in just 5 minutes [1][2] - The single motor power reaches 580 kW, with a total horsepower of 1102 for the all-wheel-drive version, achieving 0-100 km/h in just 2.7 seconds and a top speed of 305 km/h [1][2] Hybrid Technology - The Han L DM utilizes the fifth-generation DM technology, offering the DM-p king hybrid and DM-i super hybrid options, with a fastest 0-100 km/h acceleration of 3.9 seconds and a minimum fuel consumption of 3.9 L/100 km [3] Design and Aesthetics - The Han L features a design inspired by "Loong Face" aesthetics, appealing to younger consumers with new color options like olive green and Xizi blue, along with a blackened sports package [5] - The interior includes a high-end smart cockpit with OTA upgrades, featuring a new UI design that adapts to ambient light and incorporates seasonal themes [5] Intelligent Features - The Han L is equipped with the "DiPilot 300" advanced driving assistance system, enabling features like "parking to parking" navigation and automatic parking without human intervention [5] - BYD has partnered with various companies to create a "human × car × home" ecosystem, allowing users to control home appliances from the vehicle and vice versa [6] Limited-Time Offers - A limited-time offer allows customers to purchase the exterior package for 5,000 yuan, which includes features originally priced at 13,000 yuan, along with a trade-in benefit of up to 15,000 yuan [6]

Core Points - BYD's chief scientist, Lian Yubo, has been elected as an academician of the Chinese Academy of Engineering, marking a significant recognition in the field of engineering science and technology in China [1][2][3] - Lian Yubo is recognized as the "technical soul" of BYD and has played a crucial role in the company's transition from traditional fuel vehicles to new energy vehicles [1][5] - The 2025 election of academicians included 71 individuals, with Lian Yubo being one of the notable figures in the new energy sector [2][5] Company Overview - Lian Yubo has been with BYD for over 20 years, leading the development of over 20 vehicle models and more than 100 products, significantly contributing to the company's success in the new energy vehicle market [5] - Under Lian's leadership, BYD has developed key technologies such as blade batteries, DM hybrid technology, CTB integrated body, and cloud rail systems, which are essential for the company's competitive edge in the industry [5] - In 2023, Lian Yubo was appointed as BYD's chief scientist, continuing to focus on the intelligent transformation of new energy vehicles while also serving as the chief engineer and director of the automotive engineering research institute [5] Industry Context - The election of Lian Yubo coincides with the recognition of other key figures in the new energy industry, such as Wu Kai from CATL and Huang Xianbo from Jinfat Technology, highlighting the importance of leadership in core technology areas including vehicle development, power batteries, and new materials [5]

Core Insights - BYD's Han L flagship sedan introduces new colors and OTA updates, featuring the Super e-platform and advanced hybrid technology to address electric vehicle charging concerns [1][3] Group 1: Vehicle Specifications - Han L EV features a peak charging power of 1000 kW, allowing for a 400 km range in just 5 minutes of charging [3] - The electric version boasts a single motor power of 580 kW, with a total output of 1102 hp for the all-wheel-drive version, achieving 0-100 km/h in 2.7 seconds and a top speed of 305 km/h [3] - The hybrid version, Han L DM, utilizes fifth-generation DM technology, with a 0-100 km/h acceleration time of 3.9 seconds and a fuel consumption rate as low as 3.9 L/100 km, offering 200 km of pure electric range and a total range of 1400 km [3] Group 2: Pricing and Offers - Han L EV is available in three models with post-subsidy prices ranging from 204,800 to 264,800 yuan, while Han L DM models range from 194,800 to 244,800 yuan [4] - BYD offers a maximum value of 52,000 yuan in benefits, including trade-in subsidies [4] Group 3: Design and Aesthetics - New color options include Olive Green and West Lake Blue, designed to reflect modern aesthetics and cultural heritage [6] - The Olive Green features a low-saturation, high-reflective metallic finish, while West Lake Blue incorporates pearlescent aluminum powder for a dynamic color shift [6] Group 4: Technology and Smart Features - The Han L includes an upgraded intelligent cockpit and advanced driver assistance systems with new OTA features [8] - The DiPilot 300 system enables seamless navigation from parking to destination, allowing for automated parking and cross-floor cruising [10] Group 5: Ecosystem Integration - BYD collaborates with various partners to create a "human-car-home" ecosystem, allowing users to control home appliances via the vehicle and vice versa [10] - Additional smart products include child safety seats, pet safety seats, and other accessories to enhance the user experience [10] Group 6: Limited-Time Offers - A limited-time exterior package is available for 5,000 yuan, originally priced at 13,000 yuan, which includes exclusive color options and sporty enhancements [12]

比亚迪2022年年报显示，廉玉波，1964年出生，硕士研究生学历，教授级高级工程师。廉玉波于1987年 7月毕业于南京航空航天大学，主修飞机制造工程，获学士学位；并于2000年9月获南京大学高级工商管 理专业硕士学位。曾在中国汽车研究中心工作，历任上汽集团仪征汽车有限公司总工程师、上海同济同 捷汽车设计公司常务副总经理，2004年2月加入比亚迪集团。 据比亚迪公告，为更加专注公司新能源汽车技术研发工作，聚焦新能源汽车核心技术和产品的持续迭代 与创新，廉玉波于2023年7月14日辞去比亚迪副总裁职务。 除了总工程师苏学斌当选中国工程院院士外，中国铀业今日还开启申购，可谓"双喜临门"。 中国铀业此次发行总数为24818.18万股，其中网上发行5211.80万股，申购代码001280，申购价格为 17.89元/股，发行市盈率为27.06倍。公开资料显示，公司是专注于天然铀和放射性共伴生矿产资源综合 利用业务的矿业公司，主要从事天然铀资源的采冶、销售及贸易，以及独居石、铀钼、钽铌等放射性共 伴生矿产资源综合利用及产品销售。 除了上述提到的几家上市公司，一些知名的央国企集团技术专家也荣登"院士榜"。 11月21日，中国 ...

Core Points - The Chinese Academy of Sciences and the Chinese Academy of Engineering announced the results of the 2025 academician elections, electing 73 academicians from the former and 71 from the latter [1] - Notable new academicians include Huang Xianbo from Jinfa Technology, Lian Yubo from BYD, Wang Xiaoyun from China Mobile, Su Xuebin from China Uranium Industry, and Wu Kai from CATL [1][3] Group 1: Academicians and Their Contributions - Huang Xianbo, Chief Scientist at Jinfa Technology, has made significant contributions in the development and industrialization of polymer materials, including environmentally friendly flame-retardant thermoplastic resins and biodegradable plastics [1] - Lian Yubo, Chief Scientist at BYD, has focused on the design and development of key systems for new energy vehicles, and was awarded the "National Excellent Engineer" title in 2024 [2] - Wang Xiaoyun, Chief Engineer at China Mobile, has a background in wireless communication and is recognized for his engineering expertise [3] - Su Xuebin, Chief Engineer at China Uranium Industry, has led research that increased the economically extractable uranium resources in China by three times and enhanced natural uranium production capacity by 2.5 times [3] - Wu Kai, former Chief Scientist at CATL, has been involved in cutting-edge research in lithium battery technology and has transitioned to focus on new product and technology development [3] Group 2: Company Profiles - Jinfa Technology specializes in polymer materials and has a strong emphasis on research and development in high-performance materials [1] - BYD is a leading player in the new energy vehicle sector, focusing on continuous innovation in core technologies and products [2] - China Mobile is a major telecommunications provider in China, with significant contributions to wireless communication technology [3] - China Uranium Industry is engaged in the mining and utilization of natural uranium and radioactive co-associated mineral resources, with a focus on comprehensive resource utilization [4]

Core Insights - Dapeng Industrial (920091.BJ) experienced a remarkable stock price surge, reaching a peak of 159 CNY, with an increase of over 1600%, setting a record for the highest first-day gain of new stocks this year [1] - The company specializes in precision cleaning equipment for industrial applications, particularly in the automotive sector, and aims to address challenges in large industrial component inspection through machine vision products [1] - Despite the impressive stock performance, the company's financial results appear modest, with projected revenues and net profits showing limited growth from 2022 to 2024 [2] Company Overview - Dapeng Industrial is a manufacturer of intelligent equipment for precision cleaning, primarily used in vehicle powertrains and core components of new energy vehicles [1] - The company has received multiple certifications, including being recognized as a "little giant" enterprise and a high-tech enterprise, and has established stable partnerships with major automotive manufacturers [1] Financial Performance - Projected revenues for Dapeng Industrial from 2022 to 2024 are 247 million CNY, 260 million CNY, and 265 million CNY, respectively, while net profits are expected to be 40.89 million CNY, 48.69 million CNY, and 43.49 million CNY [2] - In the first half of 2025, the company reported a revenue of 129 million CNY, reflecting an 8.34% year-on-year increase, but net profit decreased by 20.92% to approximately 16.37 million CNY [2] Listing Journey - Dapeng Industrial's path to listing has been challenging, with an initial attempt to list on the ChiNext board in December 2020, which was withdrawn in August 2021 [2] - After switching to the Beijing Stock Exchange, the company faced delays due to issues with two auditing firms, ultimately partnering with Zhongxinghua Accounting Firm to complete the listing process [2]

Group 1 - The report highlights the ongoing transformation in the artificial intelligence (AI) industry, with significant advancements in AI models and increasing capital expenditures from cloud service providers, driving demand for AI computing hardware infrastructure [8][20][39] - The semiconductor industry is expected to continue its upward trend, with AI driving a potential super cycle in the memory sector, as domestic manufacturers enhance their competitive advantages in technology and supply chains [11][18][19] - The electronic industry has significantly outperformed the CSI 300 index, with a year-to-date increase of 38.35% compared to the CSI 300's 16.85% [18][19] Group 2 - Major cloud companies are increasing their capital expenditures, with North American cloud providers collectively spending $96.4 billion in Q3 2025, a 67% year-on-year increase, to support AI infrastructure [39][40] - The report emphasizes the rapid growth of AI server demand, with the global AI server market projected to reach $158.7 billion in 2025, reflecting a compound annual growth rate of 15.5% from 2024 to 2028 [51][53] - The report identifies key investment opportunities in sectors such as AI computing chips, AI PCBs, and memory modules, recommending specific companies for investment based on their market positions and growth potential [11][12][52]

Core Points - The Chinese Academy of Sciences and the Chinese Academy of Engineering announced the results of the 2025 academician elections, electing 73 academicians from the former and 71 from the latter [1] - Notable new academicians include Huang Xianbo from Jinfa Technology, Lian Yubo from BYD, Wang Xiaoyun from China Mobile, Su Xuebin from China Uranium Industry, and Wu Kai from CATL [1][2] Group 1: Academicians and Their Contributions - Huang Xianbo, Chief Scientist at Jinfa Technology, has made significant contributions in the field of polymer materials, particularly in environmentally friendly flame-retardant thermoplastic resins and biodegradable plastics [1] - Lian Yubo, Chief Scientist at BYD, has been recognized for his work in the design and development of key systems for new energy vehicles, and he was awarded the "National Excellent Engineer" title in 2024 [2] - Wang Xiaoyun, Chief Engineer at China Mobile, has a background in wireless communication and holds a senior engineering position [2] - Su Xuebin, Chief Engineer at China Uranium Industry, has led research that increased the economically extractable uranium resources in China by three times and enhanced natural uranium production capacity by 2.5 times [3] - Wu Kai, former Chief Scientist at CATL, has focused on lithium battery technology and will continue to lead research in electrochemical energy storage [3] Group 2: Company Developments - Jinfa Technology is recognized for its advancements in polymer materials and has a strong focus on environmental sustainability [1] - BYD continues to innovate in the new energy vehicle sector, with Lian Yubo's leadership in technology development [2] - China Uranium Industry specializes in the comprehensive utilization of natural uranium and radioactive co-associated mineral resources, with a focus on mining and trading [3]