10月全球动力电池装车量榜单出炉，中国锂电军团竞争力进一步增强。随着中创新航成功挤下LG新能 源，全球前三名席位首次被中国企业(宁德时代、比亚迪、中创新航)彻底包揽。数据显示，在日韩电池 企业市场份额普遍下滑、三星SDI甚至出现负增长的背景下，中创新航凭借其精准的战略转型与产品定 位，成为改写全球电池版图的关键力量，标志着中国动力电池产业集群优势已从"一超多强"向"全面领 先"演进。 ...

据了解，NX8是东风日产新能源N序列下（N），定位中大型（8）的探索跨界SUV（X）。它的到来， 将与纯电轿车N7、插混轿车N6等车型一起，打造更加完整的东风日产"新能源全家桶"产品矩阵，彰 显"合资新势力"的革新魄力，持续加速品牌新能源转型进程。 此外，东风日产NX8正式搭载激光雷达，在高速领航辅助NOA、城市领航辅助NOA、全场景智能辅助 泊车等高阶智驾功能上全面进阶，将为用户带来更精准、更安全的驾驶体验。 据公告图披露信息，东风日产NX8尺寸为4870×1920×1680mm，轴距2917mm，拥有最主流、最适合家 庭的中大型SUV尺寸。新车凭借为中国家庭量身定制的长轴距、大座舱优势，不仅塑造出昂扬挺拔的自 信车姿，更营造优越的内部空间，确保每位乘员都能享有舒适座位。 （文章来源：中国经营报） 值得一提的是，作为中大型新能源SUV，东风日产NX8采用800V高压平台和全新一代宁德时代磷酸铁 锂电芯的云盾电池，成为首款搭载800V 5C超充技术的合资新能源SUV，以技术越级，开启合资新能源 高端化破局的新篇章。 日前，东风日产全新中大型SUVNX8公告图正式发布。NX8作为东风日产天演架构下的全新标杆车型 ...

《投资者网》引线 | 吴微 2025年11月，含着"金汤匙"出生的阿维塔科技（重庆）股份有限公司（下称"阿维塔"）正式向港交所递交招股书。CHN模式下的阿维塔，左手挽着长安汽车 （000625.SZ），右手牵着宁德时代（300750.SZ），兜里还揣着华为最顶级的智能化资源。 手握顶级资源的阿维塔，其招股书却揭开了一个略显矛盾的真相。一方面，阿维塔的营收出现了爆发式增长，2025年上半年公司营收同比增长98.5%，毛利 率也奇迹般地转正至10.1%；但另一方面，这家明星企业的现金流却面临着前所未有的紧绷，为了深度绑定华为，阿维塔豪掷115亿元入股"引望"，这笔巨额 资本开支消耗了阿维塔大量的融资。 站在IPO的门口，阿维塔不仅要面对特斯拉、理想（02015.HK）等强敌的竞争，更急需二级市场的资金来缓解抱紧"引望"所带来的资金饥渴。阿维塔的IPO 不仅是一次上市，或许更是一场不得不做的冲刺。 豪华股东：从长安蔚来到CHN模式的救赎 阿维塔的故事，始于传统车企对新势力崛起的焦虑与反击。 面对造车新势力的强势崛起，长安汽车（000625.SZ）试图通过与蔚来（09866.HK）合资成立"长安蔚来"来探索高端新能源 ...

上一轮锂电周期的价格和 股价是如何演绎 2025-12-08 %% %% %% %% research.95579.com 1 证券研究报告 • 证券研究报告 • 评级 看好 维持 长江证券研究所电力设备与新能源研究小组 分析师及联系人 分析师 邬博华 分析师 曹海花 分析师 叶之楠 联系人 王晓振 SAC执业证书编号：S0490514040001 SAC执业证书编号：S0490522030001 SAC执业证书编号：S0490520090003 SFC执业证书编号：BQK482 %% %% %% %% research.95579.com 2 01 景气复盘：6F先行，碳酸锂持续，材料依次 02 股价复盘：景气周期看弹性，中期格局为先 目 录 %% research.95579.com 3 01 景气复盘：6F先行，碳酸锂 持续，材料依次 %% %% %% %% research.95579.com 4 01 复盘丨6F：20Q4-22Q1大涨，报表有长单平滑 ➢ 上一轮6F从2020年中的7万开始上涨，2020年底散单价格达到10-12万；2021年8月底在碳酸锂温和上涨至10万的背景下，6F散单大 幅上 ...

2025年第四季度的中国新能源汽车市场，一场围绕动力电池的"抢货大战"正在激烈上演。小鹏汽车董事长何小鹏日前在接受采访时的一句"最近一两 周我和我们所有电池厂商老板喝过酒了"，道出了车企的集体焦虑；鸿蒙智行则为保障交车，将部分智界车型的电池供应商从中创新航紧急切换为宁德时 代，以确保用户赶上购置税优惠末班车。从头部新势力到传统车企，驻厂盯货、溢价抢单成为供应链部门的常态，部分车企甚至出现一把手亲自带队赴 电池厂谈判的场景。 这场产能争夺战的导火索，是即将于2026年1月1日生效的新能源汽车购置税政策调整——从全额免征转为减半征收，单辆车最高增税成本达1.5万元。车 企纷纷推出购置税兜底政策，承诺11月底前锁单用户若因车企原因延迟交车，将由企业承担税费差额，这直接引爆了年底的购车热潮。但在需求爆发式 增长的背后，动力电池行业长期积累的结构性矛盾正集中爆发：新能源汽车需求增速与电池产能规划的错配、技术迭代引发的产能失效风险、储能产业 带来的资源争夺，以及与美国市场截然相反的发展态势，共同催生了当下的产能危机。 政策退坡驱动需求增长 动力电池的供应紧张，首先源于新能源汽车市场需求的爆发式增长，而这种增长在四季度呈现 ...

动力电池产能吃紧的背后，是需求增长、技术迭代、资源分流和全球竞争等多重因素的综合作用。 记者认为，解决这一问题，不能仅依靠单一环节的努力，而需要整车企业、电池企业、原材料企业、政 府部门等多方协同，构建安全可控的供应链生态。 对于电池企业而言，精准的产能规划是核心。企业应建立常态化的市场监测机制，结合新能源汽车和储 能市场的发展趋势，科学预测需求增长，避免盲目扩产或扩产不足。同时，加大柔性产能建设投入，提 升产线对技术迭代的适应性，降低产能闲置风险。在技术研发方面，应聚焦固态电池、钠离子电池等下 一代技术，提前布局相关产能，抢占未来市场先机。 整车企业与电池企业的深度协同至关重要。当前，车企与电池厂的绑定合作模式已成为行业趋势，比亚 迪与自身整车业务的协同、宁德时代与特斯拉的长期合作，都证明了这种模式的有效性。双方可通过联 合研发、长期协议、股权合作等方式，稳定供需关系，共同应对技术迭代和市场波动。例如，车企可提 前向电池企业反馈车型规划和技术需求，帮助电池企业精准布局产能；电池企业则可将技术研发方向与 车企需求相结合，提升产品匹配度。 上游原材料产业的配套升级是基础。原材料企业应加快扩产步伐，尤其是锂、镍、 ...

Market Overview - The Hong Kong stock market faced pressure, with the Hang Seng Index dropping over 1%, closing at 25,965.36 points, down 1.23% or 319.72 points, with a total turnover of HKD 2,062.3 million [1] - The Hang Seng China Enterprises Index fell by 1.25% to 9,083.53 points, while the Hang Seng Tech Index remained flat at 5,662.55 points [1] Blue Chip Performance - Baidu Group-SW (09888) led blue-chip stocks, rising 3.45% to HKD 125.8, contributing 8.38 points to the Hang Seng Index [2] - Other notable performers included SMIC (00981) up 2.94%, China Ping An (02318) up 2.15%, while China Construction Bank (00939) fell 4.01%, dragging the index down by 54.39 points [2] Sector Highlights - Large tech stocks generally declined, with Alibaba down over 1% and Tencent down 0.82% [3] - Chinese brokerage stocks rose against the trend, with Huatai Securities (06886) up 5.17% and GF Securities (01776) up 3.1% [3] - The light communication sector saw significant gains, with Huiju Technology rising over 7% [4] - Lithium stocks mostly increased, with Ganfeng Lithium (01772) up 6.95% and CATL (03750) up 3.28% [5] Regulatory Developments - The Chairman of the China Securities Regulatory Commission (CSRC) emphasized the need to accelerate the development of top-tier investment banks and institutions, indicating a potential easing of regulations for quality institutions [4] - The CSRC plans to optimize risk control indicators and moderately open up capital space and leverage limits, which could benefit leading brokerages [4] New Listings and Stock Movements - Two new stocks were listed, with Zhuoyue Ruixin (02687) surging 87.26% and Naxinwei (02676) declining 4.31% [7] - Restructured Energy (02570) faced a significant drop of 27.33% on its first trading day after the lock-up period ended [8] - Silver Pharma-B (02591) saw a decline of 14.32% following its inclusion in the Hong Kong Stock Connect [9] - Sutech (02498) performed well, rising 5.23% after securing a major order from FAW Toyota [10] Pharmaceutical Sector Updates - The National Healthcare Security Administration announced the addition of 114 new drugs to the 2025 National Medical Insurance Drug List, with a success rate of 88%, up from 76% in 2024 [6]

具体来看： 大型科技股多数呈现下跌行情但总体跌幅较小，腾讯、京东、网易、小米、京东跌幅在1%以内，阿里巴巴、快手、携程控股跌超 1%，百度逆市大涨3.45%。 | 代码 | 名称 | 最新价 | 涨跌额 | 涨跌幅 √ | | --- | --- | --- | --- | --- | | 09888 | 百度集团-SW.) | 125.800 | +4.200 | 3.45% | | 03690 | 美团-W | 99.500 | +0.450 | 0.45% | | 09626 | 時陣時陣-W | 203.600 | -0.200 | -0.10% | | 02015 | 理想汽车-W | 69.650 | -0.250 | -0.36% | | 01810 | 小米集团-W | 42.580 | -0.200 | -0.47% | | 099999 | 网易-5 | 216.800 | -1.200 | -0.55% | | 09618 | 京东集团-SW | 116.200 | -0.800 | -0.68% | | 00700 | 腾讯控股 | 605.000 | -5.000 | -0.82% ...

Group 1 - The core viewpoint of the articles highlights a significant rise in Hong Kong lithium battery stocks, driven by a price adjustment announcement in the lithium battery industry, with major companies experiencing notable stock increases [1] - Ganfeng Lithium saw a surge of over 7% in its stock price, while Tianqi Lithium and Hongqiao Group rose over 3%, and CATL increased by 2.6% [2] - A leading separator company announced a 30% price increase for its wet-process separator products, which is expected to lead to an overall price increase of over 20% in the lithium battery separator market, potentially turning separator companies from losses to profitability [1] Group 2 - Huatai Securities reported an expected increase in lithium battery production in December, indicating a continued positive outlook for the industry, with rising capacity utilization across multiple segments [1] - At the 2025 China Energy Storage CEO Summit, industry experts noted that despite challenges, the sector is in a high-growth phase, with global energy storage installations projected to reach 550-600 GWh by 2025 [1]

Core Viewpoint - The lithium battery industry is poised for a significant growth cycle starting in 2026, characterized by strong demand recovery, accelerated global expansion, and disruptive technological advancements, leading to a "spiral rise" in both volume and price [3]. Group 1: Market Outlook - Global lithium battery production is projected to reach 2250 GWh by 2025, with a growth rate of 30% in 2026, and the energy storage sector expected to grow at an impressive rate of 48.3% [5]. - The demand surge will create substantial pressure on the supply of battery cells and upstream materials, highlighting the need for a stable and efficient supply chain to capitalize on this growth opportunity [5]. Group 2: Conference Details - The 2026 Lithium Battery Key Materials and Applications Market Summit will be held on March 19-20, 2026, in Changzhou, Jiangsu, organized by Xinluo Information [4]. - The summit will focus on three core topics: in-depth discussions on cutting-edge technologies and market supply-demand dynamics, the release of the authoritative 2025 lithium battery brand rankings, and B2B procurement matchmaking [5][6][7]. Group 3: Key Topics and Participants - The main forum will cover topics such as lithium carbonate fundamentals and supply-demand outlook, advancements in solid-state battery key electrolyte materials, and high-performance in-situ polymerized electrolytes [9]. - Notable participants include Tianqi Lithium Corporation, Liyang Zhongke Solid Energy New Technology Co., and various leading battery manufacturers and material suppliers [9][10]. Group 4: Participation and Sponsorship - The participation fee for the conference is set at 2800 yuan per person, with a limited-time free attendance option available for the first 200 registrants [16]. - Sponsorship opportunities are available for companies interested in promoting their brand at the event [16].