产业观察：【智能车产业跟踪】海姆霍兹完成C轮融资，加码新能源汽车热管理系统研发

Sales Performance - In the third week of May (5/12-5/18), the top three new force terminal sales were Li Auto (9,200 units, up 12.2% MoM), Leap Motor (7,500 units, down 3.8% MoM), and AITO (7,500 units, unchanged) [9] - The top three brand terminal sales during the same period were BYD (55,700 units, down 19.4% MoM), Volkswagen (29,400 units, down 35.9% MoM), and Toyota (25,400 units, down 19.4% MoM) [9] New Vehicle Releases - New vehicles released from May 17 to May 23 include BYD e7 (priced between 103,800 to 115,800 CNY) and Deep Blue S09 (priced between 239,900 to 309,900 CNY) [10] Lithium Battery Market Insights - As of May 23, the average price of battery-grade lithium carbonate was reported at 63,000 CNY per ton, continuing a downward trend due to an oversupply situation [11] - Recent price fluctuations in battery cells, modules, and PACKs indicate a stable yet pressured market environment for lithium carbonate [11] Investment and Financing Events - From May 17 to May 23, three significant financing events in the smart vehicle sector occurred, including: - Feiman Technology completed an angel round financing of several million CNY to accelerate the development of non-inflatable tire technology [18] - Heimholtz completed a C round financing to enhance R&D in thermal management systems for new energy vehicles [19] - Shiyu Technology completed an A round financing, with investors including Dongfang Chanyin and Anhui Haiyuan Capital [20] Risk Factors - Potential risks include lower-than-expected sales of new energy vehicles, changes in production plans, and delays in product development [23]