CATL(SZ:300750) Mei Ri Jing Ji Xin Wen·2025-07-31 23:25Group 1 - The National Energy Administration reported that the trading scale of green certificates in the first half of the year doubled year-on-year, with a total of 1.371 billion certificates issued [1] - The average price of green certificates reached 5 yuan per certificate in the first half of the year, and 6.5 yuan in June, marking a 4.4 times increase from the lowest price this year [1] - The data indicates a shift from an administrative-driven renewable energy consumption mechanism to a market-driven one, laying a crucial institutional foundation for achieving carbon neutrality goals and global green trade integration [1] Group 2 - CATL emphasized its commitment to solid-state battery technology, having over 10 years of R&D experience and a leading research team in the industry [2] - While scientific issues in the solid-state battery sector have been largely resolved, engineering challenges and supply chain maturity still hinder commercialization [2] - The focus on R&D has created a technological moat that will support future advancements in electric vehicle range and applications in energy storage and aviation [2] Group 3 - Hezhong Electric announced that its stock experienced significant price fluctuations over three consecutive trading days, with a cumulative increase of over 20% [3] - The company clarified that it currently does not have HVDC (High Voltage Direct Current) products, despite market rumors suggesting otherwise [3] - The sensitivity of the stock price to HVDC-related themes highlights the growing demand for high-voltage transmission equipment driven by global renewable energy infrastructure [3]