南方财经12月15日电，在今日比亚迪海洋四周年OceanDay用户盛典上，海洋网总经理张卓表示，海洋8 系双旗舰车型命名为海豹08与海狮08，新车将搭载兆瓦闪充技术，预计将于2026年第一季度正式亮相。 比亚迪介绍，海洋网成立四年累计销量突破600万辆，超600万"海粉"从车主变身品牌共创者，秉持初心 共赴绿色征程。 ...

Group 1 - BYD is set to roll out its 15 millionth new energy vehicle, marking a significant milestone in its production history [1] - The company claims to have achieved in four years what took joint ventures over a decade to accomplish, highlighting its rapid growth and market penetration [1] Group 2 - The sales figures for BYD's new energy vehicles show a substantial increase: 194,000 units in 2024, 138,000 units in 2022, 70,000 units in 2021, and only 6,000 units prior [3]

文/梧桐兄弟 深圳市尚水智能股份有限公司申报 创业板 IPO 于 202 5 年 6 月 19 日获得受理，已完成二轮 问询及 审核中心意见落实函 的回复。公司主营新能源电池极片制造及新材料制备领域智能装备的研发、设 计、生产与销售。根据高工产研（ GGII ）统计， 2024 年，公司循环式高效制浆系统在国内市场的占 有率为 60% ，排名第一，公司锂电池制浆系统在国内市场的占有率为 12.77% ，市场排名第三。公 司注册地 广东省深圳市 ，前身有限公司成立于 20 12 年 8 月， 20 22 年 12 月整体变更为股份有限 公司 。 公司曾于 2023 年 6 月申报科创板上市，回复一轮问询后，于 2024 年 6 月科创板 IPO 终止 。目前公司注册资本 7500 万 元。金旭东直接和间接合计控制公司 51.15% 的股份表决权 ， 为 公司 的控股股东、实际控制人。 一 、 2024 年净利润逾 1.5 亿，但产品结构较为单一 报告期内，公司营业收入分别为 39,653.58 万元、 60,059.66 万元、 63,659.48 万元和 39,770.73 万元，净利润分别为 9,772.1 ...

Investment Rating - The report rates the automotive parts industry as "Positive" (First Time) [1] Core Viewpoints - The loosening of regulations is expected to accelerate the mass production of electronic mechanical brakes (EMB) and steer-by-wire (SBW), leading to a significant market expansion [3] - The domestic market for line-controlled chassis is projected to exceed 100 billion by 2030, driven by advancements in high-level autonomous driving [3][30] - The report emphasizes the importance of focusing on high-quality Tier 1 suppliers and upstream components such as motors and lead screws [4][9] Summary by Relevant Sections Line-Controlled Chassis - The pursuit of human-machine decoupling in line-controlled chassis is fundamental for achieving L3/L4 autonomous driving [9] - The market for line-controlled braking systems is expected to reach 50 billion by 2030, with EMB projected at 16.4 billion [3][30] - The line-controlled steering market is anticipated to reach 50 billion by 2030, with SBW projected at 21.5 billion [3][30] Regulatory Developments - Regulations allowing EMB to be implemented in vehicles will officially take effect on January 1, 2026 [3][26] - New policies regarding SBW are expected to be catalyzed within the year, although specific certification details remain unclear [3][26] Market Dynamics - The report highlights that the penetration rate of line-controlled chassis is expected to rise from 5% in 2025 to 30% by 2030 [31] - The overall market for intelligent chassis in China is projected to exceed 100 billion by 2030, with a compound annual growth rate (CAGR) of 37% from 2025 to 2030 [30][29] Key Companies to Watch - The report suggests focusing on leading Tier 1 suppliers with comprehensive platform capabilities, such as NEXTEER, ZF, and others [4][9]

据比亚迪汽车官博消息，11月比亚迪辅助驾驶车型销售311267辆，天神之眼车型累销超230万辆。 ...

来源：市值风云 最大客户比亚迪正在远离。 作者 | 萧瑟 编辑 | 小白 深圳市尚水智能股份有限公司（"尚水智能"）的IPO之路可谓一波三折。 早先，其科创板IPO申请于2023年6月获得受理，但面对交易所对客户依赖、技术先进性、创始人看空 离场等方面的质疑，尚水智能和保荐人民生证券在2024年6月撤回了申请，前后历时不足一年。 而又在仅仅半年之后，这家公司再度与民生证券签署辅导协议重启IPO，这一次的目的地变为了创业 板，拟募资金额也从10.02亿大幅缩水至5.87亿。 截至目前，这轮IPO同样进入到问询阶段，今天我们就来一起看下。 9成收入来自循环式制浆设备 锂电池的生产工艺流程主要包括电芯制造与模组PACK制造两大阶段。其中，电芯制造可进一步划分为 前段（极片制造）、中段（电芯装配）和后段（化成分容）三个工序阶段。 （来源：尚水智能招股书） 尚水智能在产业链中扮演的角色是上游的设备供应商，产品聚焦于前段工序中的制浆环节。 2016年，尚水智能以"循环式"工艺打出差异化，一度解决了传统"双行星搅拌"成本高、一致性差的痛 点。 （来源：尚水智能招股书） 然而先发优势并未带来护城河，据GGII统计，在循环式工 ...

长沙晚报掌上长沙12月15日讯（全媒体记者 曹开阳）11月开始，车市进入年底冲刺阶段，车企销售节奏明显加 快。作为龙头企业，比亚迪以月销量超48万辆的成绩，创下年内新高，市场号召力节节攀升。在新能源汽车渗透 率持续提升、汽车出口规模不断扩大的背景下，比亚迪在中国企业（集团）新能源汽车及单品牌销量排名中继续 领跑。 | 中国车企销量前十 | 1-11月销量 ( 万辆 ) | 2025年销量目标 ( 万辆 ) | 目标完成率 | | --- | --- | --- | --- | | 比亚迪 | 418.2 | 460 | 91% | | 上汽 | 410.8 | 450 | 91% | | 一汽 | 299.5 | 345 | 87% | | 吉利 | 278.8 | 300 | 93% | | 长安 | 265.8 | 300 | 89% | | 奇瑞 | 255.9 | 326 | 78% | | 东风 | 220.4 | 300 | 73% | | 北汽 | 155.7 | 300 | 52% | | 广汽 | 153.4 | 230 | 67% | | 长城 | 119.9 | 1 | | | | | ...

Investment Rating - The report maintains an investment rating of "Recommended" for the automotive industry [2]. Core Viewpoints - The introduction of the automotive anti-involution policy is expected to correct price irregularities in the industry, with the potential for marginal recovery in profit margins across the supply chain [5][15]. - The National Market Supervision Administration released the "Guidelines for Compliance with Automotive Industry Pricing Behavior," which aims to regulate pricing practices from production to sales [5][15]. - Major automakers such as BYD, BAIC Group, and Xpeng Motors have expressed their support for the new guidelines, indicating a collective effort to address unreasonable competition [5][15]. Industry Dynamics - The automotive sector is witnessing a shift towards L3 and L4 autonomous driving technologies, with companies like Ideal Auto planning to launch their first L4 model within three years [5][24]. - The market is seeing new model launches, including the Geely Lynk 10 EM-P and Dongfeng Lantu Zhaiguang L, among others [5][31]. - The automotive sector's performance has outpaced the broader market, with the automotive index showing a gain of 0.16% compared to a decline of 0.08% in the CSI 300 index during the week of December 8 to December 12, 2025 [5][36]. Data Tracking - In November 2025, retail sales of passenger vehicles reached 2.225 million units, a year-on-year decrease of 8.22%, while retail sales of new energy vehicles increased by 4.03% to 1.321 million units [5][47]. - The penetration rate of new energy vehicles in retail sales reached 59.4%, up 6.99 percentage points year-on-year [5][57]. - The inventory coefficient for automotive dealers was reported at 1.57 in November 2025, indicating a significant increase compared to the previous year [5][70]. Investment Recommendations - The report suggests focusing on companies in a strong new product cycle, such as Great Wall Motors, Seres, SAIC Motor, and Xpeng Motors [5]. - It also highlights supply chain leaders and companies involved in humanoid robotics and intelligent driving as potential investment targets [5]. - For commercial vehicles, it recommends focusing on leading companies like Weichai Power and Yutong Bus, which are expected to benefit from the industry's recovery [5].

12月16日，深圳市尚水智能股份有限公司（尚水智能）创业板上市将迎来上会，保荐机构是国联民生证券。 金旭东出生于1964年，毕业于中南大学，冶金专业本科学历，曾在哈尔滨东北轻合金加工厂、深圳华加日铝业有限公司、深圳市三元材料科技有限公司、深 圳金粤幕墙装饰工程有限公司、湖南业翔晶科新能源有限公司、深圳市基泰智能设备有限公司任职，自创办尚水智能至今，历任发行人董事长、总经理，目 前任发行人董事长兼总经理。 梳理来看，实控人金旭东表决权过半，曾委托配偶亲戚持股；金旭东存在资金占用，通过定向分红解决该问题；股权频繁转让，比亚迪入股；对赌协议曾被 触发；募资额较科创板申报减少超4亿元；在手订单充足，为何2023年、2024年产量变动不大？补流1.5亿，曾分红超2000万元；研发费用率、成果落后于先 导智能；业绩增速放缓，客户集中度高，主要依赖比亚迪、亿纬锂能；应收账款、存货高企；经营现金流数据"打架"。 实控人表决权过半，曾触发对赌协议 据短平快解读了解，2012年8月，尚水智能前身尚水有限成立，刘小宝、黄思洪、张曙波分别持股60%、20%、20%；2022年12月，公司完成股份制改革，金 旭东、江苏博众、尚水商务、 ...

[Table_Page] 投资策略报告|电力设备 证券研究报告 [Table_Title] 锂电行业 2026 年投资策略 储能需求驱动周期反转，电池和材料迎来新机遇 [Table_Summary] 核心观点： [Table_Grade] 行业评级 买入 前次评级 买入 报告日期 2025-12-15 [Table_PicQuote] 相对市场表现 [分析师： Table_Author]陈子坤 SAC 执证号：S0260513080001 010-59136690 chenzikun@gf.com.cn 分析师： 陈昕 SAC 执证号：S0260522080008 SFC CE No. BWV823 010-59136699 gfchenxin@gf.com.cn 分析师： 黄思悦 SAC 执证号：S0260525070002 0755-23608197 huangsiyue@gf.com.cn -20% -6% 8% 22% 36% 50% 12/24 02/25 05/25 07/25 09/25 12/25 电力设备 沪深300 请注意，陈子坤,黄思悦并非香港证券及期货事务监察委员 会的注册持牌人，不可 ...