Group 1 - The core index, the China Securities Hong Kong Mainland Stock 50 Index, experienced a decline of 0.26% to 3002.62 points, with a trading volume of 103.38 billion yuan on August 14 [1] - Over the past month, the index has increased by 5.59%, by 7.99% over the last three months, and has risen by 24.33% year-to-date [1] - The index is designed to reflect the overall performance of Chinese concept securities listed on global exchanges, with a base date of December 31, 2004, and a base point of 1000.0 [1] Group 2 - The top ten weighted stocks in the index include Tencent Holdings (10.93%), Alibaba-W (9.96%), Xiaomi Group-W (7.11%), and others, with a total market share of these stocks contributing significantly to the index [1] - The index's holdings are entirely composed of stocks listed on the Hong Kong Stock Exchange, indicating a focused investment strategy [1] Group 3 - The industry composition of the index shows that consumer discretionary accounts for 31.60%, communication services for 21.93%, and financials for 21.62%, among other sectors [2] - The index undergoes adjustments every six months, with sample adjustments occurring on the second Friday of June and December, allowing for a maximum sample change of 10% [3] - A buffer zone is established for the index adjustments, prioritizing new samples ranked in the top 40 and retaining old samples ranked in the top 60 [3]

Group 1 - The core index, the CESHKM, experienced a decline of 0.33%, closing at 6880.32 points with a trading volume of 906.03 billion [1] - Over the past month, the CESHKM index has increased by 4.96%, by 7.28% over the last three months, and has risen by 23.32% year-to-date [1] - The CESHKM index is part of a series of indices that reflect the overall performance of large and mid-cap securities listed in Shanghai, Shenzhen, and Hong Kong, with a base date of December 31, 2004, and a base point of 2000.0 [1] Group 2 - The top ten holdings in the CESHKM index include Tencent Holdings (11.02%), Alibaba-W (10.05%), Xiaomi Group-W (7.86%), and others, indicating a concentration in major tech and financial firms [1] - The index is fully composed of stocks listed on the Hong Kong Stock Exchange, with the largest sector being consumer discretionary at 30.46%, followed by communication services at 23.17% and financials at 21.98% [2] - The industry breakdown of the CESHKM index shows a diverse allocation, with technology at 10.63%, energy at 5.98%, and healthcare at 3.08%, among others [2]

点击 最 下方 关注《材料汇》 ， 点击"❤"和" "并分享 添加 小编微信 ，寻 志同道合 的你 正文 无负极电池负极集流体表面不预置活性材料，锂离子从正极脱出后，直接在集流体表面沉积与剥离，区别于传统石墨和锂金属电池。 该技术具备更高能量密度与更 低的成本， 但面临锂枝晶生长和SEI 膜破裂重组导致的死锂问题，主要解决方向集中在集流体改性、电解液优化、人工SEI膜构建及补锂技引入四个方面 。 在产业进展方面， 宁德时代于2025年4月推出"自生成负极"技术 ，在提升能量密度与循环寿命方面表现显著。该技术通过纳米级界面层提高离子传导速度百倍，将 锂沉积粒径提升10倍，并构建自保护层以抑制副反应，显著增强电池稳定性。 比亚迪公开了一项无负极电池专利 ，采用多孔海绵状集流体，亲锂性由一面向另一面逐步增强，并掺杂锂、钠、镁等亲锂金属元素，显著降低电化学反应的动力学 壁垒，引导锂离子优先在底部沉积，实现自下而上的稳定生长。 无负极技术的优势：更高的能量密度和更低的成本 01 · 更高的能量密度: 1）更高的放电电压。实际上，无负极电池是锂金属电池的一种特殊存在，金属锂具备高理论比容量（3860mAh/g）和低氧化 ...

当前磷酸铁锂市场正呈现"冰火两重天"局面：跨界企业纷纷退场，而头部企业凭借技术、成本与市场优势持续扩大领先地位。 日前，邦普时代新一代磷酸铁锂项目建设正酣，国内设计产能最大单体车间年底在宜投产。 在500亩的项目用地上，即将建设国内设计产能最大的磷酸铁锂单体车间。 项目将建成三个生产车间，每个车间设计年产能15万吨，采用行 业领先的第四代磷酸铁锂技术 （压实密度高 于2.6g/cm³） 。 相比传统磷酸铁锂产品，邦普时代新一代磷酸铁锂的压实密度更高，以其作为正极材料的新能源动力电池，充电速度更快、容量更大，能更好 满足新能源汽车快充、长续航的市场需求， 可适配铁锂系快充动力电池，如宁德时代神行电池、比亚迪二代刀片电池。 邦普时代45万吨新一代磷酸铁锂项目总投资50亿元 ，是邦普公司在宜投资320亿元打造邦普全链条一体化产业园后，追加投资布局新能源电 池全产业链的又一重大举措。 通过打通磷酸铁锂材料制造的关键环节，实现"磷矿-原 料-前驱体-正极材料-电池循环利用"的发展模式，进 一步完善高端产品布局。 今年1月12日，宜昌市政府与宜昌邦普时代新能源有限公司，在广东佛山签署45万吨新一代磷酸铁锂项目投资协议， ...

Core Viewpoint - The article discusses the competitive landscape among the world's most influential business leaders, highlighting the rise of artificial intelligence and the critical role of companies like Nvidia in shaping the future of technology and business [3][5][6]. Group 1: Nvidia and AI Leadership - Jensen Huang, CEO of Nvidia, is recognized as the most influential business leader, with Nvidia becoming the highest-valued company on the U.S. stock exchange due to the demand for its AI chips [3][6][7]. - The demand for Nvidia's chips is described as nearly infinite, with major tech companies building large data centers equipped with thousands of Nvidia GPUs [7]. - Nvidia's stock price has reached historic highs, making it the first company to surpass a market capitalization of $4 trillion [7]. Group 2: Competitive Dynamics - The article emphasizes the intense competition among top business leaders, with many closely ranked, indicating a fierce battle for market dominance [4][5]. - The rankings reveal that even slight differences in position can signify significant competition, as seen with leaders from Amazon and Walmart, and Tesla and BYD [4]. - The historical context shows that past advantages can quickly become liabilities, with emerging startups posing threats to established giants [5][6]. Group 3: Transformations in Major Companies - Microsoft, under Satya Nadella, has successfully transitioned from personal computing to cloud services and now to AI, maintaining a market cap of over $3.7 trillion [9][10]. - Meta, led by Mark Zuckerberg, has pivoted towards generative AI, with projected revenues nearing $190 billion, despite facing social media-related challenges [12]. - Tesla's Elon Musk continues to innovate, with significant advancements in SpaceX and Neuralink, despite controversies affecting Tesla's brand image [14]. Group 4: Emerging Leaders and Market Trends - BYD, led by Wang Chuanfu, has become the largest seller of new energy vehicles, with sales exceeding 4 million units in 2024 [16]. - Alphabet's Sundar Pichai is navigating regulatory challenges while pushing for AI advancements within Google, which has a profit of $100 billion [17]. - OpenAI's Sam Altman has transformed the company into a $300 billion entity, leading the AI arms race against competitors like Meta and Google [21]. Group 5: Financial Sector Insights - Jamie Dimon of JPMorgan Chase wields significant influence in the financial sector, with the bank reporting revenues of $279 billion in 2025 [24]. - Citigroup's Jane Fraser is restructuring the bank with a focus on technology modernization, achieving an 8% revenue growth [32]. - Accenture's Julie Sweet has positioned the company as a leader in generative AI, reporting $1.8 billion in AI-related revenue [30].

——固态电池专题（二） 民生电新 邓永康团队 证券研究报告 * 请务必阅读最后一页免责声明 2025年08月14日 无负极技术：负极的终局路线 证券研究报告 * 请务必阅读最后一页免责声明 目录 02 无负极技术的产业进展 03 相关标的 01 无负极技术概念 04 风险提示 C O N T E N T S 1 1 摘要 证券研究报告 2 * 请务必阅读最后一页免责声明 • 无负极电池负极集流体表面不预置活性材料，锂离子从正极脱出后，直接在集流体表面沉积与剥离，区别于传统石墨和锂金属 电池。该技术具备更高能量密度与更低的成本，但面临锂枝晶生长和 SEI 膜破裂重组导致的死锂问题，主要解决方向集中在集 流体改性、电解液优化、人工SEI膜构建及补锂技引入四个方面。 • 在产业进展方面，宁德时代于2025年4月推出"自生成负极"技术，在提升能量密度与循环寿命方面表现显著。该技术通过纳 米级界面层提高离子传导速度百倍，将锂沉积粒径提升10倍，并构建自保护层以抑制副反应，显著增强电池稳定性。比亚迪公 开了一项无负极电池专利，采用多孔海绵状集流体，亲锂性由一面向另一面逐步增强，并掺杂锂、钠、镁等亲锂金属元素，显 著降低电 ...

暨十五周年庆典&高工金球奖颁奖典礼 主办单位： 高工锂电、高工产研（GGII） 协办单位： 卡洛维德 年会预告 2025（第十五届）高工锂电年会 国内车市降温 最直接的压力源于国内市场的整体降温。 7月，新能源乘用车生产量约115万辆，虽同比增长 22%，但环比下降3%；市场零售销量约99万辆，同比增长12%，环比则显著下滑11%。新能源 车整体库存因此下降了约6万辆。 一个关键信号是 ， 近 1年 突破 50%以来，国内单月新能源零售渗透率在50%-54%之间的水平 徘徊，迟迟未能突破55%的关口。 总冠名： 海目星激光 年会特别赞助： 大族锂电 专场冠名： 欣旺达、英联复合集流体、逸飞激光、华视集团、欧科工业空调 金球奖全程特约赞助： 思客琦 时间&地点： 2025年11月18-20日 深圳前海华侨城JW万豪酒店 会议合作： 陈女士 13560731836（微信同号） 2025年7月，中国新能源汽车市场呈现的国内增长放缓与出口强势扩张的"双重景象"，正深刻地 向上传导，重塑着动力电池产业的竞争逻辑与增长路径。 对于电池企业而言，国内市场的存量博弈与海外市场的增量机遇，正成为必须同时应对的两个战 场。 比总 ...

Core Viewpoint - The strategic cooperation between BYD Commercial Vehicles and JD Auto aims to enhance the application of new energy commercial vehicles across various scenarios, leveraging both companies' strengths in technology and market reach [1][3]. Group 1: Strategic Cooperation - On August 12, BYD Commercial Vehicles and JD Auto signed a strategic cooperation agreement in Shenzhen, marking a significant partnership in the commercial vehicle sector [1]. - BYD's General Manager, Tian Chunlong, highlighted the rapid electrification of commercial vehicles, with penetration rates increasing from single digits to double digits [3]. - JD Auto's Senior Vice President, Wang Peina, emphasized the company's growth in government and enterprise business platforms, planning to promote BYD's commercial vehicles in sectors like energy and tobacco [3]. Group 2: Product and Market Development - BYD aims to leverage its unique "three electric one core" technology to expand its product matrix and meet market demands [3]. - The collaboration will also explore product entry, platform recommendations, and employee purchase programs to enhance the overall service and product offering [3]. - Both companies are committed to creating greater value for users and the commercial vehicle industry in China through this partnership [3].

出品丨虎嗅汽车组 作者丨李赓 头图丨视觉中国 大多数人，没看到比亚迪上半年业绩真正"凶猛"之处。 今年1~7月，比亚迪乘用车销量达245.43万辆，同比增长25.99% （去年同期销量增幅为29.07%） 。虽然整体 增长尚可，但国内市场竞争加剧，仍在对其产生销量压力。 海外市场，在这个节骨眼上成为了支撑比亚迪销量数字继续增长的动力： 今年1～7月，比亚迪乘用车及皮卡海 外销量55.03万辆，同比增长超130%；以此计算，出口贡献了比亚迪整体乘用车销量增量的超过60%。其中7 月，比亚迪实现了8.02万辆的海外乘用车及皮卡销售成绩。出口销量在单月业绩中的占比达到了23.51%。 即便按照每月8万辆销量的预估，比亚迪原定全年80万辆的出口目标，将在11月初就提前实现。全年出口销量 有望向95万辆发起冲击，也让比亚迪有了在2025年底冲击自主车企出口新冠军的可能性。 | 国家(28国) | | 田山分二十日 | △腾势 | 集团合计 | | | 单位:辆 | 集团同比% | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 巴西 � | | 233 ...

皮卡总体市场 据中国汽车流通协会乘用车市场信息联席分会最 新批发销量数据统计,7月份国内商用车皮卡市场 销量如下: 点 击 蓝 字 关 注 我 们 本文全文共 966 字，阅读全文约需 3 分钟 皮卡产销： 2025年7月份皮卡市场销售4.1万辆，同比增长1.7%，环比下降15.0%，处于近5年的中位水 平。2025年1-7月份皮卡市场销售34.8万辆，同比增长11.0%。 长城汽车持续保持强势皮卡领军地位，国内外表现均很好。受出口市场拉动，长城汽车、上汽大通、郑 州日产、长安汽车、江淮汽车都有较强表现。国内"皮卡一超三强"格局继续保持。皮卡市场的主力区域在西 南、西北等地，2025年7月西南、西北地区的皮卡需求占到总体需求的45%，成为皮卡的两大核心市场。随着 新能源皮卡发展，深圳、广州等广东新能源皮卡车市增长较强，新能源助力皮卡市场有更好的内需发展空间。 皮卡出口： 2025年7月的皮卡出口达到2.3万辆，环比下降13%，近几个月皮卡出口环比下滑较大，但同比 仍增长13%。2024年皮卡出口占皮卡总销量的45%，2025年7月达到56%，2025年1-7月达到55%，中国自主皮 卡出口提升较好。 部分皮卡 ...