Core Insights - The article highlights the expansion of various Chinese companies into international markets, showcasing their growth and strategic initiatives in different regions [5][6][7][9][10]. Group 1: Didi's International Expansion - Didi's international business has expanded to 14 countries and regions across Latin America, Asia-Pacific, and Africa, with a year-on-year order volume growth of 13.8% in Q3 2025, reaching 4.685 billion orders [5]. - The international segment continues to grow at over 20%, driven by investments in key markets like Brazil and Mexico [5]. Group 2: Logistics and E-commerce Developments - Cainiao has launched a cross-border small package service covering eight African countries, with plans to expand to South Africa and Egypt by the end of December, offering competitive pricing and enhanced logistics efficiency [6]. - Temu has partnered with the UK Royal Mail to enhance its local fulfillment system, adding over 24,000 package drop-off points, aiming for 80% of its European sales to come from local sellers [6]. Group 3: Automotive Industry Moves - Leap Motor has officially entered the South American market, launching its electric vehicles in Brazil and Chile, with plans to establish a network of dealerships across 27 cities in Brazil by 2025 [9]. - Avita has also entered the Latin American market, launching its Avita 11 model in Brazil, supported by local partnerships for market entry and sales [9]. Group 4: Technology and Innovation - WeRide and Uber have initiated a Level 4 autonomous Robotaxi service in Abu Dhabi, marking the first of its kind in the Middle East [6]. - JD FinTech has partnered with Banking Circle to provide cross-border payment solutions for global enterprises, enhancing financial flexibility and compliance [7]. Group 5: Robotics and AI Developments - The global humanoid robot market is projected to see annual sales exceed 10 million units by 2035, with a market size reaching $260 billion, indicating significant growth potential in the coming years [15]. - Beijing's government is actively supporting humanoid robot companies to expand internationally, fostering global collaboration and innovation in the robotics sector [15].

倒计时18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/德赛电池/陀普科技/蓝京新能源/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/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/亿纬锂能/派能科技/移族/新日股份/弘正储能/亮见钠电/易事特等 11月25日， 华友钴业发布公告称，公司子公司成都巴莫与亿纬锂能签订《产品供应框架协议》。根据协议，2026年至2035年期间，成都巴 莫匈牙利工厂预计向亿纬锂能匈牙利工厂供应超高 ...

| 倒计时18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 新生态 | 新技术 | | 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/德赛电池/陀普科技/蓝京新能源/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/尚太科技/超业精密/科迈罗/东唐智能/贤辰智享/爱签/中 | | 起点研究院 SPIR 数据显示， 2025 前三季度 中国磷酸铁锂正极出货量达 257.5 ...

活动主题及架构 二 活动名称： 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）三楼维纳斯厅（深圳市宝安区沙井镇沙井路118号） 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 活动背景及意义 一 起点锂电行业年会是起点锂电平台旗下的重磅活动和标杆年会，活动每年举办一届，已经连续举办9届，规模每年超过1000+参会嘉宾，汇 聚锂电材料、设备、电芯及下游应用全产业链相关企业嘉宾，2025年起点锂电行业年会是第十届，同时今年也是起点锂电&起点研究十周年 庆典活动，本次活动主题是： 新周期 新技术 新生态 ，围绕行业新周期，新材料、新工艺、新技术、新的产业格局和生态等热门话题进行深 度讨论和发散。 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 必 将是行业盛会，希望以此次活动为起 ...

Investment Rating - The report maintains a "Buy" recommendation for the non-ferrous metals sector, driven by rising expectations of interest rate cuts by the Federal Reserve, leading to a rebound in metal prices [2]. Core Views - The report highlights three main industry perspectives: 1. The expectation of interest rate cuts by the Federal Reserve is likely to benefit both base and precious metals, leading to price increases [6]. 2. Silver prices have reached historical highs due to low inventory levels and rising demand, supported by the Fed's dovish stance [6]. 3. Ongoing supply disruptions in copper mining are expected to lead to reduced smelting capacity and higher copper prices [6]. Summary by Sections Industry Overview - The non-ferrous metals sector includes 126 listed companies with a total market capitalization of approximately 457.86 billion yuan, representing 3.86% of the overall market [3]. - Recent performance metrics show a 67.3% increase in absolute performance over the past year, with a relative performance increase of 50.4% [4]. Key Events and Impacts - The Federal Reserve's recent meeting indicated a significant division among officials regarding future rate cuts, with market expectations for a 25 basis point cut in December rising to 86.4% [6]. - Silver prices surged to 12,727 yuan per kilogram, marking a 9% increase from the previous week, attributed to low inventory levels and strong demand [6]. - Copper smelting capacity is projected to face reductions due to ongoing supply disruptions, with expectations of a decrease in processing fees, which may support higher copper prices [6]. Company Insights - Yunnan Aluminum Co. plans to acquire stakes in several subsidiaries for 2.267 billion yuan, increasing its electrolytic aluminum capacity by 154,500 tons [8]. - Tianshan Aluminum has initiated a green low-carbon efficiency improvement project, expected to enhance its annual production capacity to 1.4 million tons [8]. - China Hongqiao has completed a share placement, raising approximately 11.49 billion HKD for project development and debt repayment, indicating strong confidence in future growth [10]. Stock Recommendations - The report recommends focusing on precious metals and copper-aluminum sectors, highlighting companies such as Zijin Mining, Jinchuan Group, and China Hongqiao as key investment opportunities [11].

Investment Rating - The industry rating is "Outperform the Market" [10][17] Core Insights - The Ministry of Industry and Information Technology (MIIT) held a meeting on November 28, focusing on the "anti-involution" in the power and energy storage battery industry, emphasizing the need to enhance the lithium battery sector [4][7] - High-level attendance at the meeting indicates strong potential for subsequent actions and decisions [5][6] - The meeting addressed critical issues such as production operations, technology research and development, market competition, and intellectual property protection, highlighting the pain points in the industry [7] - MIIT plans to introduce targeted policies to mitigate irrational competition and promote a healthier and more sustainable industry ecosystem [8] Summary by Sections Industry Events - The MIIT meeting included representatives from major companies in the lithium battery sector, indicating a significant focus on addressing industry challenges [4][6] - The discussion centered on the overcapacity issues caused by blind expansion in the lithium battery materials industry over the past two years [7] Future Outlook - The report suggests that most sub-sectors of lithium battery materials are expected to achieve orderly expansion without significant overcapacity in the coming years [8] - Certain sub-sectors with low profitability and long payback periods may see price increases [8] Investment Recommendations - The report recommends focusing on leading companies in global energy storage, power, and consumer batteries such as CATL, EVE Energy, and others [8] - Specific companies to watch for price increases include those in lithium iron phosphate, copper and aluminum foil, separators, and electrolytes [8]

倒计时19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 新生态 | 新技术 | | 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 | | 前三季度亿纬锂能已经用财 ...

一、当前广东省新型储能产业面临供需失衡 编者按：由21世纪经济报道能源策工作室推出的《能源之声》栏目，旨在立足当前我国能源产业发展新形势，围绕政策分析、地方观察、产业 研究等方面，通过外部专家约稿形式给予深刻的见解。第一阶段，《能源之声》栏目将围绕广东省新型储能产业发展情况，由21世纪经济报道 能源策工作室联合中国能源研究会双碳产业合作分会等机构共同邀约，相继推出五篇来自业内专家的文章，为广东省新型储能产业的高质量发 展建言献策。本文为第一篇。 广东省持续发力支持新型储能产业发展，"十四五"期间推动产业规模实现跨越式增长，但受限于市场波动和国内大幅扩产等因素影响，产业供 给端压力不断加剧。从产业规模看，2024年广东全省新型储能产业营业收入约4000亿元，同年本地新型储能装机规模增长114%，扩张态势强 劲。与之形成鲜明反差的是，已并网项目的实际等效利用小时下滑8.68%，表明供给扩张与市场化应用之间出现了明显错配，成为制约广东省 新型储能产业高质量发展的核心矛盾。 (一)广东新型储能产业抓住机遇实现快速增长 《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》提出，加快建设新型能源体系。其中，大力发 ...

Core Viewpoint - The article highlights the normalization of negative electricity prices in various regions, including China, Europe, and Australia, driven by the imbalance between electricity supply and demand due to the rapid increase in wind and solar power installations. This situation is creating a new demand for medium to long-duration energy storage solutions, particularly in the 4-12 hour range [2][3]. Group 1: Market Trends and Developments - The phenomenon of negative electricity prices is becoming commonplace, prompting a shift towards medium to long-duration energy storage solutions [2][3]. - The global competition for energy storage systems with a capacity of 6MWh and above is intensifying, with a focus on long-duration storage solutions [3][4]. - By 2024, the penetration rate of 4-hour energy storage systems reached 15%, and this segment is becoming mainstream in 2025 [3][4]. Group 2: Technological Advancements - Major Chinese companies are rapidly increasing the production of large-capacity energy storage systems to seize market opportunities in the long-duration storage era [4][5]. - Companies like Ningde Times and Envision Energy are leading the charge with the mass production of high-capacity energy storage cells, such as the 587Ah cell [5][7]. - The competition is not limited to lithium batteries; flow battery technology is also gaining traction, with strategic partnerships being formed to develop large-scale storage projects [8][9]. Group 3: Competitive Landscape - The market is witnessing a split between companies focusing on large capacity cells using different manufacturing processes, namely the stacking and winding techniques [10][11]. - The stacking process is favored for its high space utilization and low-temperature performance, while the winding process benefits from established production efficiency [11][12]. - Companies are adopting differentiated strategies based on their technological capabilities, with some focusing on rapid deployment of 500+Ah cells and others on the long-term potential of 600+Ah cells [12][13]. Group 4: System Variability and Customization - The differences in cell technology are reflected in the energy storage systems, with various companies targeting different container sizes (10ft, 20ft, 30ft) to meet diverse application needs [14][15]. - Companies like Sungrow and BYD are launching multiple size versions of their energy storage systems to cater to specific market demands [15][16]. - The trend towards customized solutions is becoming more pronounced, as companies recognize the need for tailored energy storage solutions to address varying requirements in the market [17][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 ...