最近，泰国投资促进委员会（BOI）正式官宣：批准5家中国头部企业总投资92.2亿泰铢，在泰国建设人形机器人关键零部件工厂。这是中国企业首次在境外 布局人形机器人核心供应链，不仅是中泰科技合作的里程碑，更让泰国站上全球机器人产业的新风口。 一、为什么是这5家中国企业？都是机器人"硬核玩家" 这次获批的五家公司，全是特斯拉、苹果、华为等全球大厂的核心供应商，掌握人形机器人最关键的"肌肉、骨骼、关节"技术： - 杭州森品机电：主攻行星滚柱丝杠、滚珠丝杠，相当于机器人的"高精度肌肉肌腱"，投资21.2亿泰铢，落户春武里府。 - 贝特科技：生产机器人传动核心部件，投资16.7亿泰铢，还追加30亿泰铢新项目待审批，选址春武里府。 - 三花智能驱动：机器人关节执行器（机器人"肌肉"）龙头，已给比亚迪、特斯拉供汽车零部件，本次投资18亿泰铢，春武里府建厂。 - 拓普科技：关节运动控制设备供应商，汽车+机器人双赛道布局，投资9.3亿泰铢，位于北柳府。 - 旭升集团：负责机器人机身、骨骼框架，用高强度轻量化材料，投资27亿泰铢，落户罗勇府。 五家企业分工明确、覆盖完整，主要给特斯拉"擎天柱"机器人供货，同时供应苹果、三星、华为等 ...

美国最高法院近日以6比3裁决特朗普动用"紧急权力"加征的全球关税违法，再次搅动全球经贸格局，立刻带来两个重大问题：对几十个国 家政府而言，过去一年辛辛苦苦和美国谈成的关税协定，还作数吗？对数以万计服务美国市场的进出口公司而言，已经缴纳的关税，能 否要回来？ 不论美国最高法院还是白宫，对这两个问题都没有给出明确回答。但工商界已经不愿再等，一场索要退税的官司大潮已涌向白宫。 图片来源：视觉中国 在最高法院作出裁决短短几日内，已有超过900家美国公司向美国国际贸易法院（CIT）提起诉讼，要求退回所缴关税。物流巨头FedEx在2月 23日率先起诉，要求"全额退还"，开市客（Costco）等大型零售商、多家苹果供应链公司，以及数百中小进口商随即跟进，预计索要退款总额 超过1300亿美元。 贸易专家表示，中国公司也可以通过几条途径加入"索要退税"的阵营，而他们的体量也远比外界想象得大。英国《金融时报》援引的一项数据 显示，合法注册为美国进口商——从而有资格获得退税——的中国公司，已经占到美国从中国进口总额的20%。 需要明确的是，美国最高法院并没有叫停美国政府征收的所有关税，而只是叫停了特朗普依据《紧急权力法》所征收的那 ...

Investment Rating - The report maintains a recommendation for the six-seat SUV industry, highlighting both blue ocean opportunities and red ocean competition [2] Core Insights - The six-seat SUV market is expected to see the launch of five new models priced around 200,000 yuan in 2026, with top models potentially achieving monthly sales of 10,000 to 20,000 units [2][22] - The high-end six-seat SUV market is experiencing intense competition, with a significant increase in supply expected in 2026, outpacing market expansion [2][6] - The 200,000 yuan segment remains a potential blue ocean market, as current models often fail to meet consumer demands due to size and pricing issues [6][24] Summary by Sections Total Market Overview - The six-seat SUV market is projected to grow, with an estimated total of 150,000 units sold in 2025, reflecting a year-on-year increase of 21,000 units [13] - The market is expected to continue expanding with the introduction of new models, particularly in the 200,000 yuan segment [6][10] Blue Ocean Opportunities - The 200,000 yuan segment for six-seat SUVs is identified as a significant market opportunity, with current models not meeting consumer expectations in terms of size and pricing [6][22] - The report notes that the proportion of six-seat SUVs priced below 250,000 yuan is only 4.9%, compared to 28% for those above this price point, indicating room for growth [24] Red Ocean Competition - The high-end six-seat SUV market is set to intensify with 22 new models expected to launch in 2026, leading to fierce competition [2][6] - The report highlights a shift in product strategy from size combinations to price combinations, indicating evolving consumer preferences [2][10] Investment Recommendations - The report suggests focusing on companies like Leap Motor and Great Wall Motors, with specific models expected to drive significant sales growth [7][10] - Geely is also recommended due to its ongoing product cycle contributing to sales and profit increases [7][10]

数据显示，五年来，深交所累计服务实体经济直接融资规模超12万亿元，较"十三五"增长22%。其中，IPO募集资金达6023亿元，较"十三 五"期间增长58%，高新技术企业和民营企业占比均超过八成，专精特新企业占比从38%提升至46%，近半数新上市公司属于战略性新兴产业。 这一结构变化，直观反映出深交所已成为"硬科技"和"三创四新"企业的首选上市地。 21世纪经济报道记者 杨坪 2025年是"十四五"规划的收官之年。 回首过去的五年，作为中国创新资本形成的重要引擎，深圳证券交易所（以下简称"深交所"）交出了一份成色十足的成绩单：累计服务实体经 济直接融资超过12万亿元，高新技术企业IPO占比超八成，上市公司研发投入超七千亿，创业板研发强度突破5%，ETF规模激增8倍…… 这一系列亮眼数据的背后，是深交所以"强本强基、严监严管"为主线，在市场功能、监管效能、对外开放等维度实现的"六大提升"，不仅彰显 了资本市场支持新质生产力的澎湃动能，也为中国式现代化新征程的稳健起步贡献了"深市力量"。 质效跃升：打造新质生产力"主阵地" "十四五"期间，深交所通过持续深化改革，显著提升了对创新企业的包容性和适应性，资本市场"含新 ...

摘要 吉利开始跳出整车产品竞争的框架，迈向产业链体系维度的较量。 近日，江西宜源新能源科技有限公司（下称：宜源新能源）磷酸铁锂正极材料项目正式建成投产，该项目总投资 25 亿元，规划年回收利用磷 酸铁锂电池 4 万吨。 作为吉利科技集团控股子公司，宜源新能源的顺利投产，也标志着吉利在动力电池核心材料环节实现从 0 到 1 的关键突破。 对于吉利的新能源布局来说，投建磷酸铁锂工厂，主要起到打通成本控制命脉和支撑技术自主迭代的作用。但从更大的竞争维度来看，这也意 味着 吉利正在跳出整车产品竞争的框架，迈向产业链体系竞争的开端。 竞争升级：对标比亚迪，从产品比拼到供应链博弈 车企布局上游正极材料，吉利不是第一家，这方面走得最远的车企要算其当下最大的竞争对手比亚迪。 作为行业先行者，比亚迪早已构建 起"锂资源—核心材料—电芯—整车"的全闭环体系。 细察吉利的走量畅销车型，就能更好理解其布局上游磷酸铁锂材料的背后逻辑。 在吉利 2025 年 302 万辆销售的汽车中，新能源汽车有 168.7 万辆，其中，代表其中低端品牌的银河系列车型销量达 124 万辆，占其新能 源总销量的 73.5% ，成为绝对主力， 这部分车型也 ...

倒计时42天 2026（第二届）起点锂电圆柱电池技术论坛暨圆柱电池20强排行榜发布会 - 全球：2026年锂电池总出货量2. 5 TWh，同比+ 25 %；储能电池 0.8 TWh（+ 40 %）、动力电池1. 5 TWh（+ 20 %） - 国内：总出货 1.8 TWh（+30%）；储能 60 0GWh（+ 50 %）；新能源车销量1200万辆，渗透率55% ， 动力电池 1.1TWH - 海外：成核心增长极；中国新能源车出口400万辆；美国数据中心+欧洲大储爆发，海外储能需求占全球52% 活动主题： 全极耳技术跃升 大圆柱市场领航 活动时间： 2026年4月10日 活动地址： 深圳宝安维纳斯皇家酒店三楼维纳斯厅（深圳国际会展中心京基百纳店） 主办单位： 起点锂电、起点研究院SPIR 第一批赞助及演讲单位： 鹏辉能源/多氟多新能源/大族锂电/嘉智信诺/亿鑫丰 /孚悦科技 近期起点研究院 SPIR发布了《2026全球锂电行业发展白皮书报告》，报告对于全球锂电行业发展趋势做了详细分析，核心观点如下 一、市场规模： 动储 双轮驱动，总量 2.5TWH （国内 +海外） 二、国内市场：结构优化，储能成第一增长引擎 ...

1、2025年大圆柱电池和全极耳电池市场爆发，根据起点研究院SPIR统计，2025年中国圆柱电池出货量增长超过15%，其中大圆柱电池增速超 过40%，亿纬锂能、多氟多新能源、鹏辉能源、新能安、创明新能源、小鲁锂电、蓝京新能源、利维能、 时代联合 、 中比 等头部大圆柱电池企 业产能供不应求，预计 2026年圆柱电池将继续保持高速增长； 2、32、40、46、60等大圆柱系列产品在轻型动力、电动两三轮车、铅改锂、便携式及户用储能、两轮车及换电、无人机及EVTOL、汽车动力等 领域快速放量； 202 6（第二届） 起点锂电圆柱电池技术论坛 暨圆柱电池 20强排行榜发布会 ——全极耳技术跃升 大圆柱市场领航—— 202 6 年 4 月 10 日 深圳 一、活动组织架构及行业背景 ——行业背景—— 3、全极耳、高镍、硅碳、钠电等技术与圆柱电池结合产生新的增长点和市场空间； 4、起点研究院（SPIR）2026中国圆柱电池综合竞争力排行榜20强权威发布（覆盖圆柱电池电芯、设备、材料等关键环节）为行业做采购参考； 5、2026年行业首届聚集圆柱电池的技术高峰论坛，圆柱电池前沿技术、工艺、材料深度探讨和思维碰撞。 活动名称： ...

2026（第二届）起点锂电圆柱电池技术论坛暨圆柱电池20强排行榜发布会 活动主题： 全极耳技术跃升 大圆柱市场领航 活动时间： 2026年4月10日 活动地址： 深圳宝安维纳斯皇家酒店三楼维纳斯厅（深圳国际会展中心京基百纳店） 主办单位： 起点锂电、起点研究院SPIR 第一批赞助及演讲单位： 鹏辉能源/多氟多新能源/大族锂电/嘉智信诺/亿鑫丰 /孚悦科技 倒计时42天 锂电后段设备行业概述： 锂电池 电芯后段 工序是指 注液后 →成品电芯出厂前的所有工序。 核心任务 工序包含 ： 化成 、 分容 、检测、包装 。 电芯后段 =注液浸润→化成激活→分容分级→老化稳定→全维度检测→分选包装 ， 电芯 后段工序 是决定电芯一致性、安全性、良率、成本的关键工段。 | 阶段 | 生产工艺 | 工艺简介 | 相关设备 | 国内主要设备供应商 | | --- | --- | --- | --- | --- | | | 化成 | 进行充电活 化并检测容 물 | 化成机 | 杭可科技、先导智能 (泰坦新能源)、旧重 能、广州擎天、智佳能、 | | 后段 | | | | 帝奇申子等 | | (侧直 技术分 | | 测试电池电 性 ...

Core Insights - The global industrial system is undergoing reconstruction, and the map for Chinese companies going abroad is being redrawn, marking a significant shift in the global migration of "Chinese capabilities" [1] Industry Insights - The core driving force for the outbound entertainment industry has shifted from simple business model export to deep empowerment through "AI + culture," with the domestic market expected to reach 67.79 billion yuan by 2025, growing 34.4%, while the overseas market is projected to reach 21.07 billion USD, growing 145.7% [12] - In the cross-border e-commerce sector, the era of "barbaric growth" is ending, with a focus on localization and brand strength. By 2025, global e-commerce growth is expected to slow to 8.8%, prompting a shift towards "regional focus" and "brand cultivation" [15] - The artificial intelligence sector is characterized by a dual drive of "hardware-driven" and "application landing," with significant advancements in AI hardware and software leading to a rapid commercialization of AI applications [21] - The new energy sector is transitioning from "product output" to "ecological co-construction," with China's new energy vehicle exports expected to surge to 3.43 million units by 2025, a 70% year-on-year increase [28] Market Insights - North America remains a strategic high ground for outbound enterprises, characterized by high barriers and high returns, with a focus on compliance and localization due to ongoing tariff adjustments [29] - Europe presents a "quality competition arena" under green barriers, where compliance with stringent environmental regulations is essential for market entry [35] - Southeast Asia has evolved from simple trade to comprehensive investment and localized operations, becoming the largest destination for Chinese outbound investment [38] - The Middle East offers opportunities driven by economic diversification initiatives, with significant growth in exports of vehicles and electrical equipment from China [41] - Latin America is characterized by a demand for high-cost performance products, with a focus on affordable smart hardware and the rapid growth of e-commerce platforms [43] Strategy Insights - The approach to selecting target markets and entry paths is shifting from blind expansion to precise coupling, focusing on infrastructure capacity and user ecosystem maturity [45] - The product channel layout and marketing strategies are evolving towards "AI reconstruction and regional differentiation," emphasizing multi-channel integration and technology empowerment [48] - Compliance with regulations and risk avoidance is becoming critical, with a need for systematic compliance frameworks to navigate complex regulatory environments [53] - Organizational and talent development is essential for building agile global teams, with a focus on creating a unified global skills framework to address capability gaps [55] - The transformation of Chinese enterprises going abroad is moving from "product output" to "systemic rooting," emphasizing supply chain resilience and local integration [56]

Core Insights - The January 2026 automotive market did not meet expectations due to reduced subsidies, leading to a significant reshuffling in the SUV rankings [1][20] - The emergence of new models like Xiaomi YU7 and Geely's Boyue L indicates a shift in consumer preferences as traditional "hero cars" decline [1][20] SUV Rankings - Xiaomi YU7 topped the January SUV sales with 37,869 units, marking a notable success despite negative online sentiment [3][12] - Geely's Boyue L followed closely with 34,176 units, making a strong debut after previously being outside the top ten [3][12] - The AITO M7 secured third place with 26,454 units, benefiting from brand strength and competitive pricing [3][13] Market Dynamics - The Tesla Model Y, a long-time best-seller, fell to 12th place with 16,845 units, attributed to pre-ordered sales in December and prioritization of exports [5][15] - Other popular models from BYD, such as Yuan and Song, did not appear in the top twenty, indicating a potential decline in their market presence [7][17] - The overall trend shows a resurgence of traditional gasoline vehicles, with more models entering the top ten compared to December, suggesting a return to familiar market dynamics [10][20]