关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源：企查查 ICC 鑫椤资讯年终盘点： 2025年碳酸锂市场盘点： 2025年电解液市场盘点： 2025年铜箔市场盘点： 2025年钴酸锂市场盘点： 2025年三元材料市场盘点： 2025年磷酸铁锂市场盘点： 2025年三元前驱体市场盘点： 2025年六氟磷酸锂市场盘点： 2025年锂电池市场盘点： 2025年磷酸铁市场盘点： 2025年添加剂VC市场盘点： 2025年铝箔市场盘点： 2025年储能电池市场盘点： 2025年储能系统市场盘点： 2025年磷酸锰铁锂市场盘点： 2025年负极材料市场盘点： 2025年钠离子电池市场盘点： 2025年新型锂盐LIFSI市场盘点： 2025年隔膜市场盘点： 企查查APP显示，近日， 深圳市欣旺达能源服务有限公司成立 ，法定代表人为王威，注册资本为5000万元，经营范 围包含以自有资金从事投资活动；发电技术服务；光伏发电设备租赁；风力发电技术服务等。 企查查股权穿透显示， 该公司由欣旺达全资持股。 | 深圳市欣旺达能源服务有限公司 | 确宣有远见的商业传奇 全国企业信用查 ...

Core Viewpoint - In 2025, the power battery industry in China experienced rapid growth, with sales surpassing 1 TWh for the first time, reflecting significant structural changes in exports, material composition, vehicle demand, and market competition [1] Group 1: Sales and Growth - In 2025, the total sales of power batteries reached 1200.9 GWh, a year-on-year increase of 51.8%, significantly higher than the 28.4% growth in 2024 [1] - Cumulative installed capacity was 769.7 GWh, up 40.4% year-on-year, with an increase of 221.3 GWh compared to 2024 [1] Group 2: Export Dynamics - Cumulative exports of power batteries in 2025 reached 189.7 GWh, a year-on-year growth of 41.9%, a substantial increase from the 5.0% growth in 2024 [3] - In December 2025, exports of lithium iron phosphate batteries accounted for 51.3% of total monthly exports, marking a 71.1% year-on-year increase and surpassing the previously dominant ternary batteries [3] Group 3: Battery Type Performance - In 2025, the installed capacity of lithium iron phosphate batteries was 625.3 GWh, representing 81.2% of total installed capacity, with a year-on-year growth of 52.9% [5] - The installed capacity of ternary batteries dropped to 18.7%, with a year-on-year growth of only 3.7%, continuing a downward trend from 10.2% in 2024 [5] Group 4: Commercial Vehicle Growth - The growth of commercial vehicles was explosive, with the installed capacity of pure electric trucks increasing to 17.7%, a year-on-year growth of 168.9% [7] - The average battery capacity of new energy vehicles rose to 55.2 kWh, a year-on-year increase of 18.8% [7] Group 5: Market Structure and Competition - The market competition is evolving from a "dual dominance" to a "stable head and diverse rise," with CATL and BYD maintaining their leading positions but seeing their combined market share decrease from 69.8% to 64.9% [10] - Mid-tier companies like Zhongchuang Innovation and Guoxuan High-Tech are gaining market share, with Guoxuan's installed capacity reaching 43.44 GWh, a year-on-year increase of 1.07 percentage points [12] Group 6: Material Demand and Pricing - The demand for core materials such as lithium iron phosphate and ternary materials surged by over 50% in 2025 [14] - By the end of 2025, the price of battery-grade lithium carbonate reached 150,000 yuan per ton, reflecting a more than 60% increase compared to the end of 2024 [14] Group 7: December Performance Highlights - In December 2025, power battery sales reached 143.8 GWh, a year-on-year increase of 49.2%, while installed capacity was 98.1 GWh, up 35.1% year-on-year [16] - The growth was driven by policy incentives and strong end-user demand, with major automakers launching promotional campaigns to stimulate purchases [15]

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源：鑫椤固态电池 ICC 鑫椤资讯年终盘点： 2025年碳酸锂市场盘点： 2025年，被业内广泛称为"固态电池产业化元年"。这一年，固态电池不再只是实验室里的技术幻想，也 不再仅是车企发布会上的PPT亮点，而真正迈出了从样件到产品、从示范到量产的关键一步。站在2026年 初回望，这场静水流深的能源革命，正以惊人的速度重塑动力电池乃至整个储能行业的格局。 | 企业 | 能量密度 | 布局及产业化进程 | | --- | --- | --- | | 宁德时代 | 500Wh/kg | 2027年有望实现小批量生产全固态电池 | | | | 2027年将小批量生产固态电池,率先搭载于比亚迪高端车型, 示范项目规模约为1000辆;2030年,在成本下降后,预计将有4 万辆车辆搭载全固态电池;2033年,预计将有12万辆车搭载全 | | | | 固态电池 | | | | 计划于2026年实现工艺突破,推出高功率高环境耐受性的全固 | | 亿纬锂能 | 400Wh/kg | 态电池,并于2028年进一步推出具有400Wh/k ...

人民财讯1月26日电，企查查APP显示，近日，深圳市欣旺达（300207）能源服务有限公司成立，法定 代表人为王威，注册资本为5000万元，经营范围包含以自有资金从事投资活动；发电技术服务；光伏发 电设备租赁；风力发电技术服务等。企查查股权穿透显示，该公司由欣旺达全资持股。 ...

证券日报网讯1月23日，欣旺达（300207）在互动平台回答投资者提问时表示，公司股价受宏观经济形 势、行业发展趋势、投资者偏好和预期等多重因素影响，公司将努力做好经营管理等各项工作，保障公 司健康稳定发展。 ...

格隆汇1月23日丨欣旺达(300207.SZ)在投资者互动平台表示，目前公司产品暂不涉及太空光伏领域，公 司将持续关注行业前沿技术，并基于自身核心技术优势积极探索新的应用方向，未来产品有望应用于该 领域。 ...

Core Viewpoint - XINWANDA's stock experienced a slight decline of 0.78% on January 22, with a trading volume of 933 million yuan, indicating a mixed sentiment among investors [1] Financing Summary - On January 22, XINWANDA had a financing buy amount of 76.14 million yuan and a financing repayment of 80.83 million yuan, resulting in a net financing outflow of 4.68 million yuan [1] - As of January 22, the total financing and securities lending balance for XINWANDA was 1.816 billion yuan, with the financing balance at 1.809 billion yuan, accounting for 4.03% of the circulating market value, which is above the 60th percentile of the past year [1] - In terms of securities lending, XINWANDA repaid 13,800 shares and sold 6,800 shares on January 22, with a selling amount of 165,000 yuan, while the securities lending balance was 6.93 million yuan, below the 20th percentile of the past year [1] Company Overview - XINWANDA ELECTRONICS CO., LTD. is located in Shenzhen, Guangdong Province, and was established on December 9, 1997, with its listing date on April 21, 2011 [1] - The company's main business involves the research, design, production, and sales of lithium-ion battery modules, with revenue composition as follows: consumer batteries 51.47%, electric vehicle batteries 28.18%, others 16.63%, and energy storage systems 3.72% [1] Financial Performance - As of September 30, 2025, XINWANDA reported a total of 135,300 shareholders, an increase of 18.08% from the previous period, while the average circulating shares per person decreased by 15.23% to 12,669 shares [2] - For the period from January to September 2025, XINWANDA achieved an operating income of 43.534 billion yuan, representing a year-on-year growth of 13.73%, and a net profit attributable to shareholders of 1.405 billion yuan, up 15.94% year-on-year [2] - Since its A-share listing, XINWANDA has distributed a total of 1.772 billion yuan in dividends, with 755.6 million yuan distributed over the past three years [2] Institutional Holdings - As of September 30, 2025, the second-largest circulating shareholder of XINWANDA was Hong Kong Central Clearing Limited, holding 69.279 million shares, a decrease of 21.416 million shares from the previous period [2] - The fourth-largest circulating shareholder was E Fund's ChiNext ETF, holding 29.075 million shares, down by 4.839 million shares, while the sixth-largest was Southern CSI 500 ETF, holding 21.499 million shares, with a decrease of 412,700 shares [2] - New institutional shareholders include GF National Index New Energy Vehicle Battery ETF, holding 14.901 million shares, and E Fund's Science and Technology Mixed Fund, holding 11.1296 million shares [2]

Core Viewpoint - The report from Zhonghang Securities indicates a strong recovery in the sales of new energy vehicles (NEVs) in nine European countries, projecting sales of 2.885 million units in 2025, a year-on-year increase of 32.6%, with a penetration rate of 29.0%, up by 6.7 percentage points [1][2]. Summary by Sections Overall Market Outlook - In 2025, NEV sales in nine European countries are expected to reach 2.885 million units, representing a 32.6% increase year-on-year, with a penetration rate of 29.0%, up 6.7 percentage points [2]. - The sales of Battery Electric Vehicles (BEVs) are projected at 1.892 million units, a year-on-year increase of 30.6%, while Plug-in Hybrid Electric Vehicles (PHEVs) are expected to reach 992,000 units, up 36.6% year-on-year [2]. Country-Specific Insights - **Germany**: The BEV sales are projected at 545,000 units, a 43.2% increase year-on-year, and PHEV sales at 311,000 units, up 62.3%. Germany will restart EV subsidies in January 2026, including Chinese brands [2][3]. - **United Kingdom**: BEV sales are expected to be 473,000 units, a 23.9% increase, and PHEV sales at 225,000 units, up 34.7%. EV subsidies will resume from July 2025 [2][3]. - **France**: BEV sales are projected at 326,000 units, a 12.1% increase, with December sales reaching 42,000 units, up 37.7%. Subsidies will continue into 2026 with increased standards [3]. - **Italy**: BEV sales are expected to be 95,000 units, a 44.2% increase, and PHEV sales at 99,000 units, up 89.4%. EV subsidies will be effective from October 22, 2025 [3]. - **Spain**: BEV sales are projected at 102,000 units, a 77.2% increase, and PHEV sales at 124,000 units, up 111.7%. The MOVES III subsidy plan will drive sales [3]. Investment Recommendations - The report suggests that the EU's proposal to adjust the 2035 emission reduction targets will not hinder the long-term trend of electrification in Europe. Instead, it will promote sales of small electric vehicles [4]. - Investment recommendations include: - **Lithium Batteries**: Recommended companies include CATL, Yiwei Lithium Energy, and Xinwangda [4]. - **Lithium Materials**: Recommended companies include Hunan Youneng and Tianci Materials [4]. - **Lithium Battery Structural Components**: Recommended companies include Minglida and Minth Group [4]. - **Power/Drive Systems**: Recommended companies include Weimaisi and Fute Technology [4]. - **Automotive Safety Components**: Beneficiary companies include Zhongrong Electric and Zhejiang Rongtai [4]. - **Charging Stations and Modules**: Recommended companies include Youyou Green Energy and Tonghe Technology [4].

电力设备 2026 年 01 月 22 日 投资评级：看好（维持） 行业走势图 数据来源：聚源 -19% 0% 19% 38% 58% 77% 2025-01 2025-05 2025-09 2026-01 电力设备 沪深300 相关研究报告 《欧洲电动车销量月报（2025 年 11 月）：法国、意大利补贴落地后 BEV 高 速 增 长 — 行 业 点 评 报 告 》 -2025.12.25 《光伏拐点已现，储能大势所趋—行 业投资策略》-2025.12.8 《动储需求旺盛，产业链供需拐点已 至—锂电行业 2026 年度投资策略》 -2025.12.1 （2）英国： 2025 年英国 BEV 销量 47.3 万辆，同比+23.9%；PHEV 销量 22.5 万辆，同比 34.7%。英国已重启电车补贴（从 2025 年 7 月开始，持续至 2028-2029 财年），且面临 ZEV 考核目标的压力，带动电车销量持续提升。 （3）法国：法国社会租赁计划从 9 月 30 日起生效，Q4 法国电车销量同比明显 提速。2025 年法国 BEV 销量 32.6 万辆，同比+12.1%。其中 12 月 BEV 销量 4.2 ...

Group 1 - The core viewpoint of the article highlights the strategic adjustments made by prominent fund managers at E Fund in their investment portfolios for Q4 2025, focusing on sectors like AI, healthcare, consumer goods, and technology [2][4][6][10] Group 2 - Zhang Kun adjusted the structure of investments in the healthcare, consumer, and technology sectors while maintaining a stable position in top holdings, which include Tencent Holdings, Kweichow Moutai, and Alibaba-W [4][5] - Zhang Kun expressed confidence in the improvement of living standards and social security in China over the next decade, suggesting a narrowing gap with developed countries [4] - The AI wave is seen as a significant driver for innovation, with strong domestic demand expected to attract global resources and talent [4][5] Group 3 - Chen Hao focused heavily on AI-related sectors, increasing allocations in power equipment, new energy, non-bank financials, and chemicals, which yielded positive returns [7][8] - Chen Hao anticipates a transition of the AI industry from an acceleration phase in 2025 to a stable growth phase in 2026, emphasizing the importance of structural opportunities and the integration of AI with local applications [7][8] Group 4 - Xiao Nan reduced allocations in high-end and sub-high-end liquor sectors while increasing investments in the livestock industry, anticipating inflation-driven cost increases over the next two years [10] - The top holdings in Xiao Nan's consumer sector fund remained unchanged, including Kweichow Moutai and Midea Group [10]