力与高精度，峰值力最高可达8500N；灵巧手执行器聚焦小型化、高精度与低功耗；无框力矩电机强化 高扭矩密度与系统级集成能力。此外，公司与上海机电共同成立动界智控，专注人形机器人全套关节模 组领域。 投资建议：作为电机龙头企业，公司受益于汽车智能化带来的车用电机价值量增长，同时布局AIDC 液 冷及人形机器人领域，助力业务未来增长。我们预计公司在2026-2028 财年归母净利润分别为2.8/3.0/3.3 亿美元，同增8%/6%/9%，首次覆盖，给予 买入"评级。 机构：国盛证券 研究员：丁逸朦/江莹 汽车与工商用双主业驱动，构建" 4 大洲20 国"的全球化布局。公司通过 "购核心资产＋剥离非核心业 务"， 逐步完善" 4 大洲20 国"的全球化布局。目前公司聚焦 汽车产品+工商用产品"两大组别，主要产 品为微型电机，其中汽车产品主要为车用微电机、底盘电机、热管理电机等。同时，公司前瞻卡位机器 人赛道，开拓AIDC 液冷市场，构建多元化产品矩阵，其中机器人业务主要是围绕机器人及相关自动化 场景提供创新驱动系统解决方案，目前处于战略投入与布局阶段，AIDC 液冷业务主要是液冷泵产品， 未来有望受益于AI 数据 ...

有机构预测，2035年中国低空经济的市场规模有望达到3.5万亿元，巨大的市场潜力背后，飞行器动力 电池的技术突破与商业化落地成为关键支撑。作为低空飞行领域的核心载体，电动垂直起降飞行器 （eVTOL）、大型无人机等航空设备的动力系统面临远超地面载具的严苛要求，这对动力电池的能量 密度、放电倍率及可靠性提出了更高要求。 李良彬认为，当前，传统电池已难以完全满足未来低空交通商业化、规模化发展的需求，当下正是低空 飞行市场从技术研发迈向产业化的窗口期，持续提升动力电池性能，对保障低空经济产业链的自主可控 与安全稳定有着重大的战略意义。 09 全国人大代表、赣锋锂业董事长 李良彬 ◎记者 王凯丰 日前，全国人大代表、赣锋锂业董事长李良彬在接受上海证券报记者采访时表示，今年全国两会，他聚 焦低空经济领域，围绕加快飞行器动力电池研发及商业化等方面提出相关建议。 为了加速高比能、高功率飞行器动力电池的研发与商业化进程，李良彬提出五方面具体建议，从顶层设 计、技术研发、标准建设、产业支持、供应链保障等维度为产业发展"出谋划策"。 在顶层设计与规划协同方面，李良彬建议，制定出台相关规划，明确电池技术发展路径、产业孵化目标 和商 ...

Core Viewpoint - Southbound funds have significantly increased their holdings in China Construction Bank, indicating strong investor interest and confidence in the bank's performance [1] Group 1: Southbound Fund Activity - On March 4, southbound funds increased their holdings by 29.46 million shares of China Construction Bank (00939.HK) [1] - Over the past 5 trading days, there have been 5 days of net increases, totaling 10.7 million shares [1] - In the last 20 trading days, there were 18 days of net increases, amounting to 34.7 million shares [1] - Currently, southbound funds hold 34.887 billion shares of China Construction Bank, representing 14.5% of the company's total issued ordinary shares [1] Group 2: Company Overview - China Construction Bank is a commercial bank with main business segments including corporate banking and personal banking [1] - Corporate banking services encompass enterprise deposits, loans, asset custody, corporate annuities, trade financing, international settlement, international financing, and value-added services [1] - Personal banking services include personal savings, loans, credit card services, private banking, foreign exchange trading, and gold trading [1] - The bank operates in both domestic and overseas markets [1]

新汽车数据显示： 比亚迪 英国2月新车销量同比增长40.90%，达968辆电动汽车。 ...

比亚迪英国2月电动汽车新车销量同比增长40.90%至968辆。 ...

新汽车数据显示：比亚迪英国2月新车销量同比增长40.90%，达968辆电动汽车。 ...

Group 1 - The core point of the article highlights the performance of the Nonferrous Metals ETF (516650), which opened down by 3.09% at 2.230 yuan on March 4 [1] - Major holdings in the Nonferrous Metals ETF include Zijin Mining, which fell by 2.99%, and Luoyang Molybdenum, which dropped by 4.00% [1] - Other notable stock movements include Northern Rare Earth down by 3.29%, Huayou Cobalt down by 1.90%, and Ganfeng Lithium down by 1.62% [1] Group 2 - The performance benchmark for the Nonferrous Metals ETF is the CSI Sub-Industry Nonferrous Metals Theme Index return [1] - The fund is managed by Huaxia Fund Management Co., Ltd., with the fund manager being Shan Kuanzhi [1] - Since its inception on June 9, 2021, the fund has achieved a return of 129.65%, with a one-month return of 4.19% [1]

今年全国两会，全国人大代表、赣锋锂业董事长李良彬提交了《关于加快飞行器动力电池研发及商业化 的建议》。他提出，为保障原材料供给，维持价格平稳，建议支持企业利用期货市场做好供应链保障， 提升相关期货品种的对外开放水平。 目前，低空飞行市场正处于从技术研发迈向产业化的窗口期。机构预测，2035年中国低空经济的市场规 模有望达到3.5万亿元。 "由于飞行器对电池高比能、高功率的要求，其正负极原材料可能涉及镍、钴、锂以及锗等关键矿产资 源。"李良彬认为，碳酸锂期货运行近3年，有效平抑了锂资源的价格波动。他建议，支持企业利用期货 市场，并且提升相关期货品种的对外开放水平。同时，建议建立飞行器专用电池的全生命周期管理体 系，制定相关行业规范，提前布局绿色产业链。 自2023年7月上市以来，广期所的碳酸锂期货已运行两年多。其间，越来越多的锂电企业通过灵活运用 碳酸锂期货与期权，有效对冲价格波动风险。据不完全统计，截至目前，已有71家锂电上市公司发布关 于开展碳酸锂期货套期保值业务的公告，较2023年12月末的23家增长208%。 "在碳酸锂价格下行周期，产业企业普遍通过套期保值锁定生产利润，同时积极采用期货点价模式销 售， ...

Group 1 - The article suggests implementing a "shopping mall digital transformation plan" that provides subsidies for the purchase of smart devices for participating malls [1] - It recommends adding senior health management centers, experience zones for age-friendly products, and planning interactive spaces for parents and children in malls [1] - Large malls are required to be equipped with barrier-free access, senior resting areas, and emergency call devices, with rental subsidies and tax refunds offered to those participating in the upgrade [1]

Core Viewpoint - The article emphasizes the need to accelerate the improvement of rural charging networks and enhance after-sales service points, while also strengthening talent and equipment support to fully unleash the consumption potential of new energy vehicles in rural areas [1] Group 1: Rural New Energy Vehicle Development - Accelerate the establishment of a rural charging network and promote the decentralization of after-sales service points [1] - Optimize fiscal and financial support to maximize the consumption potential of rural new energy vehicles [1] Group 2: Battery Swapping and Hydrogen Fuel Cell Standards - Accelerate the construction of a unified national standard for battery swapping models and strengthen operational subsidies and resource guarantees [1] - Improve the 70MPa hydrogen refueling standards and regulatory framework to provide necessary institutional support for the hydrogen fuel cell vehicle industry [1] Group 3: International Standards and Compliance - Accelerate the establishment of a compliant service system for overseas expansion, promoting alignment of domestic standards with international ones [1] - Strengthen the coordination and unification of standards among domestic enterprises to enhance the quality and efficiency of automobile exports [1] Group 4: Aging Population and Accessibility - Accelerate the digital application adaptation for the elderly and improve artificial safety net services [1] - Promote the upgrade of barrier-free facilities and transportation tools to cater to the aging population [1] Group 5: Autonomous Driving and Low-altitude Economy - Accelerate the improvement of laws and regulations related to autonomous driving, establishing a unified national standard and evaluation system [1] - Strengthen the planning and coordination of the low-altitude economy to expand commercial application scenarios [1]