证券日报网讯2月2日，欣旺达（300207）在互动平台回答投资者提问时表示，公司始终将技术创新与研 发投入视为长期发展的核心驱动力，公司研发投入围绕主营业务与前沿技术布局，旨在构建长期、可持 续的技术和产品竞争力。研发费用方面，各项研发费用的支出均严格按照公司规章制度和内部控制流程 执行，并经过外部审计机构的严格审计。 ...

Core Viewpoint - The article discusses a significant quality dispute in the domestic power battery industry, highlighting the lawsuit filed by Weir against XWANDA for 2.3 billion yuan due to battery quality issues, which raises concerns about the implications for automakers who develop their own battery packs [4][6][26]. Group 1: Lawsuit Details - Weir has sued XWANDA for 2.3 billion yuan, claiming that the battery cells supplied by XWANDA from June 2021 to December 2023 had quality issues [4]. - The lawsuit stems from problems with the Zeekr 001 WE86 version, which experienced slow charging and abnormal battery degradation [5][6]. - XWANDA argues that the issues are due to Weir's aggressive charging strategies and modifications to battery usage conditions, not the quality of the cells themselves [6][7]. Group 2: Financial Implications - If Weir wins the lawsuit, XWANDA could face a loss equivalent to approximately two years of net profit, as their projected net profits for 2022 to Q1 2025 are 1.068 billion, 1.076 billion, 1.468 billion, and 386 million yuan respectively [6][7]. - The lawsuit not only poses a financial threat but also risks damaging XWANDA's reputation among customers, potentially affecting future business opportunities [7]. Group 3: Industry Trends - The dispute highlights the risks associated with automakers developing their own battery packs, as seen with companies like Leap Motor, Li Auto, and Xiaomi, which have sought to reduce reliance on major battery suppliers [7][24]. - The trend towards self-manufactured battery packs aims to lower costs and enhance product quality control, but the lawsuit illustrates the complexities and potential liabilities that can arise from this approach [24][26]. Group 4: Technical Considerations - The core issue in the dispute revolves around the responsibility for battery pack quality, specifically the roles of the battery cells and Battery Management System (BMS) [9][15]. - Variability in battery cell production can lead to quality differences, complicating accountability when issues arise [11][27]. - The BMS plays a crucial role in battery performance, and its strategies can significantly impact the longevity and efficiency of the battery pack [15][18]. Group 5: Future Outlook - Despite the challenges highlighted by the lawsuit, the trend towards self-manufactured battery packs is expected to continue as automakers seek greater control over supply chain safety and cost management [35].

Core Viewpoint - The lawsuit involving a 2.3 billion yuan claim against Xiwanda by Weirui highlights significant quality disputes in the domestic power battery industry, particularly concerning the battery cells supplied by Xiwanda to Weirui for the Zeekr 001 WE86 model, which experienced issues such as slow charging and abnormal battery degradation [1][2][3]. Summary by Sections Legal Dispute - Weirui claims that the quality issues with the battery cells supplied by Xiwanda led to costs for battery replacements and damage to the Zeekr brand image, thus seeking 2.3 billion yuan in compensation [2]. - Xiwanda argues that Weirui's aggressive charging strategy and "lock battery" operations altered the usage conditions of the batteries, which contributed to the problems [2]. Financial Impact - The potential loss of 2.3 billion yuan in compensation could equate to approximately two years of net profit for Xiwanda, which reported net profits of 1.068 billion, 1.076 billion, 1.468 billion, and 386 million yuan from 2022 to Q1 2025 [2]. - The lawsuit has negatively impacted Xiwanda's corporate image among end consumers, leading to a cautious stance from potential clients [2]. Industry Implications - The dispute underscores the risks associated with automakers developing their own battery packs and the complexities of determining responsibility for battery quality issues [3][4]. - The trend of automakers like Leap Motor, Li Auto, and Xiaomi to self-develop battery packs and BMS systems to reduce reliance on major battery suppliers is now facing scrutiny due to this legal case [3][13]. Technical Aspects - The core controversy revolves around the responsibility for battery pack quality issues, specifically between the battery cells and the Battery Management System (BMS) [4]. - Variability in battery cell quality between different production batches can lead to significant performance differences, complicating quality assurance [5][6]. - The design and control of battery cells, particularly in terms of manufacturing consistency, are critical to ensuring performance and longevity [5][6]. Future Trends - Despite the challenges highlighted by the lawsuit, the trend towards self-manufactured battery packs is expected to continue as automakers seek greater control over costs and product quality [19]. - The complexities of determining liability in battery quality disputes may lead to more collaborative approaches between automakers and battery manufacturers to mitigate risks [19].

格隆汇2月2日丨欣旺达(300207.SZ)在投资者互动平台表示，公司自研的314Ah电芯已获得中国船级社 (CCS)"中国船级社型式认可证书"，具有大能量密度优势，既可以助力实现电动船舶整体方案降本，又 可以提升系统层面的能量密度，实现电动船舶动力系统的升级应用。 ...

格隆汇2月2日丨欣旺达(300207.SZ)在投资者互动平台表示，公司自研的314Ah电芯已获得中国船级社 (CCS)"中国船级社型式认可证书"，具有大能量密度优势，既可以助力实现电动船舶整体方案降本，又 可以提升系统层面的能量密度，实现电动船舶动力系统的升级应用。 ...

格隆汇2月2日丨欣旺达(300207.SZ)在投资者互动平台表示，公司始终致力于包括固态电池在内的前沿 电池技术的研发与量产。目前，公司的固态电池研发按计划推进，第一代、第二代半固态电池已实现规 模化生产，2027年全固态电池有望实现量产。对于包括太空在内的新兴前沿领域，公司将密切关注行业 技术发展趋势，并基于自身核心技术优势积极探索公司产品应用的可能性。 ...

根据公司2025年三季度报告显示，当期公司实现营业收入435.34亿元，同比增长13.73%；归母净利 润14.05亿元，同比增长15.94%，营收与净利润均实现双位数同比增长，其中，第三季度单季度实现营 业收入165.49亿元，同比增长15.24%，归母净利润5.5亿元，同比增幅达41.51%，毛利率环比提升3.66个 百分点，盈利能力呈现阶段性改善态势。 欣旺达将研发创新作为核心发展战略之一，2025年前三季度，公司研发投入达32.02亿元，同比增 长41.20%，拥有研发人员近一万人，累计授权专利5000余项。公司在固态电池领域积极布局，2025年 下半年推出首款聚合物全固态电池"欣·碧霄"，能量密度突破400wh/kg，第一代半固态电池已实现量 产，第三代全固态电池完成实验室验证。 据悉，根据香港联交所相关监管政策，A1版招股书的有效期为6个月，到期后需更新财务数据及其 他相关信息，方可重新递交申请。欣旺达表示，重提港股招股书申请对公司整体港股IPO进程无重大影 响，公司将稳步推进各项筹备工作。 作为全球锂离子电池领域的重要行业企业之一，欣旺达自1997年成立以来，深耕新能源领域近三十 年，凭借全产业 ...

Core Viewpoint - XINWANDA (300207) has updated its IPO application on the Hong Kong Stock Exchange, providing the latest company information and financial data, and has officially re-submitted its prospectus for the Hong Kong listing [1] Group 1 - The company emphasizes that this event does not have a significant impact on its overall IPO process in Hong Kong [1] - The company aims to steadily advance its preparatory work to achieve a successful listing in Hong Kong as soon as possible [1]

分红方面，欣旺达A股上市后累计派现17.72亿元。近三年，累计派现7.56亿元。 机构持仓方面，截止2025年9月30日，欣旺达十大流通股东中，香港中央结算有限公司位居第二大流通 股东，持股6927.89万股，相比上期减少2141.63万股。易方达创业板ETF（159915）位居第四大流通股 东，持股2907.50万股，相比上期减少483.87万股。南方中证500ETF（510500）位居第六大流通股东， 持股2149.93万股，相比上期减少41.27万股。广发国证新能源车电池ETF（159755）位居第七大流通股 东，持股1490.13万股，为新进股东。易方达科融混合（006533）位居第十大流通股东，持股1112.96万 股，为新进股东。景顺长城新能源产业股票A类（011328）、华安创业板50ETF（159949）退出十大流 通股东之列。 1月30日，欣旺达跌0.97%，成交额11.14亿元。两融数据显示，当日欣旺达获融资买入额9455.62万元， 融资偿还1.14亿元，融资净买入-1949.92万元。截至1月30日，欣旺达融资融券余额合计18.99亿元。 融资方面，欣旺达当日融资买入9455.62万元 ...

国内新闻 国家统计局：2026年1月份中国制造业采购经理指数为49.3% 比上月下降0.8个百分点 1月31日，国家统计局、中国物流与采购联合会发布2026年1月份中国采购经理指数。数据显示，1月我国制造业市场需求有所收 紧，但企业生产保持扩张态势，产业结构继续优化。2026年1月份中国制造业采购经理指数为49.3%，比上月下降0.8个百分点。 1月份装备制造业采购经理指数为50.1%，高技术制造业采购经理指数为52%。 北京经济技术开发区：实施智能网联领航行动 强化人工智能在智能网联领域的数据驱动与技术引领作用 1月30日，北京经济技术开发区管理委员会印发《关于进一步加快建设全域人工智能之城的实施方案（2026—2027年）》。其中 提到，实施智能网联领航行动。高水平建设国家人工智能汽车制造中试基地，强化人工智能在智能网联领域的数据驱动与技术引 领作用。打造"云、网、边、端、用"一体化安全运营底座，依托云控平台与5G+北斗高精度定位，贯通汽车制造全生命周期。建 设智算服务、可信数据空间、具身训练三大共性平台，汇聚高质自动驾驶数据集与多元算力，形成能力共享、场景适配新范式。 乘联分会：2025年12月充电基础 ...