央视网消息：丹佛斯是一家专注于电气化、数字化和智能制造领域的国际工业巨头。前不久，丹佛斯在 中国新投资打造的全球生产制造基地在浙江嘉兴海盐正式启用，这也是这家丹麦最大的工业集团过去20 年里在当地的第10次增加投资。 ...

【文/观察者网 阮佳琪】 "如果想在全球市场立于不败之地，就必须留在'中国'这座训练营。"汉斯·格莱梅尔（Hans Greimel）在 日媒《日经亚洲》中如此评论。 在当地时间10月10日发布的长文中，这位来自总部位于美国底特律的行业权威媒体《汽车新闻》 （Automotive News）的亚洲版主编诚心谏言道，对于仍然希望保有全球竞争力的外国传统汽车制造商 而言，面对中国品牌的全球扩张，没有比坚持留在中国市场、在本土与中国对手竞争，更有效的"新兵 训练营"（boot camp）。 格莱梅尔认为，尽管面临巨大压力，但跨国车企从中国市场"认输撤退"，将暗藏巨大风险：当中国品牌 真正席卷全球市场时，这些提前撤退的车企可能会更轻易地被击垮；而那些曾与中国本土对手过招的车 企，将积累下丰富的"实战经验"，有望在全球竞争中不被中国品牌这股"后浪"淘汰。 他提到，今年9月在底特律举行的《汽车新闻》行业领袖论坛上，长期关注中国市场的邓恩洞察咨询公 司（Dunne Insights）首席执行官迈克尔·邓恩（Michael Dunne）曾直言不讳，"如果用一个比喻来形容中 国市场的（竞争）影响，那就是（中国国内）先有一场大地震 ...

Group 1: Industry Overview - UBS reports that the fundamentals of China's copper and aluminum metal industry are stable with a positive outlook [1] - Industrial metal prices are supported by macroeconomic factors rather than physical market supply tightness, including US interest rate cuts, a weaker dollar, confidence in aluminum trade, and potential additional stimulus measures from China [1][2] - The overall outlook for industrial metals is improving, with short-term demand slowdown risks easing and mid-term fundamentals for copper and aluminum remaining attractive [1][2] Group 2: Copper Outlook - The copper market fundamentals remain stable, with prices supported by macroeconomic factors despite reduced trade due to US tariffs in Q3 [2] - UBS expects that by 2026/2027, copper prices will rise due to limited mine supply growth, pressure on refined output, strong long-term growth drivers (electrification, technology), and a recovery in traditional demand drivers [2] - UBS raises its copper price forecasts for 2025/2026 from $4.24/lb to $4.37/lb and from $4.68/lb to $4.80/lb, translating to $9,634/ton and $10,582/ton respectively [2] Group 3: Aluminum Outlook - Aluminum demand is mixed, but supply is constrained, with limited production growth in China and elsewhere [3] - UBS raises its aluminum price forecasts for 2025/2026 from $1.11/lb to $1.17/lb and from $1.16/lb to $1.18/lb, which corresponds to $2,579/ton and $2,600/ton respectively [3] - Following the upward revision of copper, aluminum, and gold price forecasts, UBS has increased the earnings expectations and target prices for related concept stocks, including a 5% increase in earnings expectations for China Hongqiao and a 4% increase in target price to HKD 28 [3]

铝的需求表现参差不齐，但供应受到限制，中国产量受到限制且其他地方的供应增长有限。瑞银全球金 属与矿业团队将2025/2026年铝价预测从每磅1.11美元/1.16美元上调至1.17美元/1.18美元(每吨2579美 元/2600美元) 铜的前景：基本面和宏观经济均呈利好态势 现货市场基本面保持稳定，价格受到宏观经济因素的支撑，尽管第三季度美国关税促使贸易有所减少。 瑞银预计，在2026/2027年，基本面仍将具有支撑作用，由于：1)矿山供应增长有限;2)精炼产量面临压 力;3)长期增长驱动因素(电气化、技术等)依然强劲;以及4)传统需求驱动因素复苏，价格将会上涨。瑞银 全球金属与矿业团队将2025/2026年铜价预测从每磅4.24美元/4.68美元上调至4.37美元/4.80美元(每吨 9634美元/10582美元)。 铝的前景：供应受限继续支撑价格 瑞银发布研报称，中国铜与铝金属行业基本面稳定，前景向好。与此同时，瑞银还上调相关概念股的盈 利预期和目标价;其中，瑞银重申对中国宏桥(01378)"买入"评级，并将目标价从26.8港元上调至28港 元。 瑞银指出，由于关税取消前的购买行为恢复正常化及市场扭曲(尤 ...

从规模扩张到韧性运营，铁路配电系统的新考题 迈入新发展阶段，行业从快速规模化向高效网络化转型，客运效率、能源管理、新建放缓、系统韧性等一系列需求也逐渐凸显，单纯依靠硬件扩张已难以满足未来需求，推动铁路系统向更 智能、更绿色、更可持续方向升级不仅是破解当前瓶颈的必然路径，也是响应"交通强国"战略、实现高质量发展的关键举措。 面对新形势与新要求，在"交通强国"战略的引领下，铁路供电系统与新型配电系统深度交融，协同发展。当前，行业重点聚焦减少断电风险、提升数字化水平、扩大自动化适应性、减少碳 排放、设备老旧更换五大发展方向，旨在构建高效衔接、立体多元、绿色集约、智慧运维的现代化城市铁路体系。在此进程中，符合安全可靠、智慧高效、低碳绿色三大要求的智能化手 段，则已成为行业突破当前发展瓶颈、实现可持续未来的关键支撑。 数字化+电气化创新，推动铁路行业绿智升级 作为中国铁路行业高速发展的见证者与同行者，施耐德电气与中国结缘已近四十载。基于多年的行业深耕，施耐德电气深度洞察中国铁路行业需求，以数字化与电气化创新为双引擎，从咨 询引领、软件统管、硬件落地、服务投资等多个维度，在保障运输安全与稳定运行的同时，推动行业绿色化、智 ...

Core Insights - Eaton Corporation plc (NYSE:ETN) reported record-breaking second-quarter 2025 results, with earnings per share at $2.51 and adjusted EPS at $2.95, reflecting an 8% increase from the previous year [2] - Sales reached $7.0 billion, an 11% year-over-year growth driven by 8% organic growth, acquisitions, and favorable currency impacts [2] - The Electrical Americas segment generated $3.4 billion in sales, a 16% increase from Q2 2024, driven by strong demand in electrification markets [3] Financial Performance - Earnings per share (EPS) reached $2.51, with adjusted EPS at $2.95, marking an 8% increase year-over-year [2] - Total sales climbed to $7.0 billion, reflecting an 11% growth compared to the previous year [2] - Segment margins achieved a record high of 23.9%, indicating improved profitability [2] Market Dynamics - The backlog increased by 17%, signaling sustained demand across Eaton's offerings [2] - Key growth drivers identified include digitalization, electrification, reindustrialization, and rising defense spending [3] Strategic Moves - In July, Eaton announced the acquisition of Resilient Power Systems Inc., enhancing its capabilities in solid-state transformer technology [4] - This acquisition is expected to strengthen Eaton's position in the electric vehicle ecosystem and expand applications in data centers, port electrification, and battery energy storage [4]

Core Insights - NuScale Power Corporation has experienced a stock price surge of approximately 200% over the past year, significantly outperforming the S&P 500's 16% increase, indicating growing investor confidence in the company within the nuclear energy sector driven by rising electricity demands and global electrification trends [2][3] Company Overview - NuScale is a leader in small modular reactors (SMRs), offering factory-manufactured, safer alternatives to traditional nuclear power plants, and holds the only U.S. Nuclear Regulatory Commission (NRC)-certified SMR design, benefiting from strategic support from its majority owner, Fluor Corporation [3] - The company's stock momentum is supported by regulatory achievements, project advancements, and favorable macroeconomic conditions [3] Market Dynamics - Electricity demand in the U.S. is increasing due to data centers and electric vehicles, with nuclear energy being recognized as a reliable, carbon-free alternative to fossil fuels [5] - NuScale is set to deliver six SMRs to Romania's RoPower, establishing a 462-megawatt nuclear facility, with significant regulatory progress marked by obtaining NRC Standard Design Approval for its upgraded SMR design in Q2 2025 [5] Strategic Developments - A historic agreement with the Tennessee Valley Authority (TVA) in August 2025 marks the largest SMR power commitment in U.S. history, positioning NuScale as a key supplier for domestic nuclear infrastructure [6] - Bipartisan support for nuclear energy and executive orders aimed at revitalizing the sector have further solidified NuScale's position, especially as energy needs grow to support AI and advanced technologies [6] Financial Performance - In Q2 2025, NuScale reported revenue of $8.1 million, a significant increase from $1.0 million the previous year, reflecting progress in early-stage commercialization efforts [7] - The company recorded a net loss of $0.13 per share, slightly larger than the $0.12 predicted by analysts, while maintaining strong cash reserves of $489.9 million as of June 30, 2025, providing a buffer for operations and strategic initiatives [8]

《报告》指出，我国工业领域电气化率稳中有升，2024年达到约27.7%，较上年提高0.6个百分点，其中 四大高载能行业合计电气化率约18.4%，较上年提高0.1个百分点，高技术及装备制造业合计电气化率约 64.7%，较上年提高0.1个百分点，消费品制造业合计电气化率约46.0%，较上年提高0.8个百分点。建筑 领域电气化率保持较快增长，2024年达到约55.3%，较上年提高1.8个百分点，其中批发和零售业及住宿 和餐饮业电气化率61.8%，较上年提高1.1个百分点。交通领域电气化率增势稳健，2024年达到约6.5%， 较上年提高0.7个百分点。农村能源绿色转型和电气化进程协同推进，2024年，农业与乡村居民生活电 气化率43.6%，较上年提高1.9个百分点，农村地区分布式光伏快速发展，"光伏+农业"、源网荷储一体 化、光伏清洁供暖等多元分布式电源开发利用新模式不断涌现。 《报告》认为，"十五五"期间，全国电气化率将以年均约1个百分点的增幅保持稳步增长态势，预计到 2030年，全国电气化率将达到35%左右，超出OECD国家平均水平8-10个百分点。低碳电气化发展势头 持续增强，预计"十五五"期间全国年均新增风电 ...

较高的电气化率反映出我国电力供给不断增强，能源绿色低碳转型加快。 杨昆表示，随着绿色电气化进程的加快推进，预计今年年底我国将以超过20%的新能源电量占比，拉动非化石能源消费比重达到20%以上，预 计到2060年我国全社会用电量将较2020年实现翻番，电气化率将超过65%，终端用能实现高度电气化。 《报告》提出，我国工业领域电气化率稳中有升，2024年达到约27.7%，较上年提高0.6个百分点，其中四大高载能行业合计电气化率约 18.4%，较上年提高0.1个百分点，高技术及装备制造业合计电气化率约64.7%，较上年提高0.1个百分点，消费品制造业合计电气化率约 46.0%，较上年提高0.8个百分点。 工业和信息化部运行监测协调局二级巡视员朱璋表示，推动电气化的发展，是实现新型工业化"双碳"目标路线的关键路径，对于提升工业本质 安全，培育新质生产力意义重大。 2024年我国电气化率约28.8%，较上年提高0.9个百分点，中国电气化率已经高于欧美主要发达经济体。到2030年，全国电气化率预计将达到 35%左右，超出经济合作与发展组织国家平均水平8到10个百分点。 中国电力企业联合会编制的《中国电气化年度发展报告20 ...

新京报贝壳财经讯（记者朱玥怡）"2024年，我国电气化率约28.8%，较上年提高0.9个百分点，中国电 气化率已经高于欧美主要发达经济体。"9月24日贝壳财经记者获悉，中国电力企业联合会编制并发布的 《中国电气化年度发展报告2025》（"《报告》"）披露上述数据。 《报告》认为，"十五五"期间，全国电气化率将以年均约1个百分点的增幅保持稳步增长态势，预计到 2030年，全国电气化率将达到35%左右，超出OECD（经济合作与发展组织）国家平均水平8至10个百 分点。 绿色电力生产供应能力提升将对提高电气化水平发挥重要支撑作用。《报告》显示，低碳电气化发展对 全国电气化率增长的贡献度超过八成，预计"十五五"期间全国年均新增风电太阳能发电装机达到2亿千 瓦以上。 编辑 岳彩周 校对 柳宝庆 据贝壳财经记者了解，电气化是指将依赖化石燃料等非电能的设备、系统或过程转换为电力驱动的设 备、系统或过程。电气化的主要优点包括降低能源成本、提高能源效率和支持清洁、可再生能源转型。 《报告》显示，分地区看，目前我国东部、中部、西部、东北地区电气化率分别达到约31.6%、 27.5%、29.3%、16.8%，分别较上年提高1.0个 ...