2025第五届起点两轮车换电大会 及轻型动力电池技术高峰论坛 聚焦新技术 拓展新市场 时间： 7月11日 地点： 江苏无锡锡山区 一、活动背景及亮点 二、活动组织架构 活动名称： 2025第五届起点两轮车换电大会及轻型动力电池技术高峰论坛 起点研究院（SPIR）权威发布《2025中国两轮车换电及电池TOP排行榜及行业白皮书》， 覆盖智能电动两轮车出货量TOP10、两轮车换电运营商TOP10、两轮车电池BMS出货量 TOP5，两轮车换电柜出货量TOP5、中国电动两轮车用锂电池出货量TOP10、中国电动两轮 车用钠电池出货量TOP5等细分权威榜单，为行业树立标杆，为投资及采购决策者提供参 考； 政策支持、即时配送需求及技术升级等主要驱动力影响下，全球两轮车换电市场高速增长， 基于产业链整合优势，中国企业将迎来新一轮布局风口，电池安全、下沉市场覆盖及成本优 化等挑战急需解决； 上下游企业加速研发高安全、高倍率、高能量密度、长循环寿命、低成本、高低温等细分性 能优势电池产品； 海内外轻型动力及中小储能市场高速增长，低空飞行、移动电动工具、人形/智能机器人、 智能家居、智慧储能等热门应用场景进入高速发展期，新一轮增量市 ...

Core Viewpoint - The competition between fast charging and battery swapping technologies is intensifying in the electric vehicle (EV) market, with both methods aiming to alleviate the charging anxiety of users and improve overall user experience [1][5][11]. Group 1: Current Market Landscape - As of 2024, China's new energy vehicle production and sales have maintained a global lead for ten consecutive years, with ownership surpassing 30 million vehicles [3][10]. - The charging infrastructure is currently insufficient, leading to long queues at charging stations, especially during peak travel times, highlighting the urgency for improved charging solutions [3][9]. - The rapid development of fast charging technology, such as BYD's "5 minutes for 400 kilometers" charging capability, is pushing the boundaries of charging efficiency [4][7]. Group 2: Technological Developments - BYD has introduced a megawatt fast charging system that can add 2 kilometers of range per second, while CATL has unveiled a second-generation supercharging battery capable of 1300 kW charging power and 800 kilometers of range [7][9]. - The penetration rate of 800V fast charging vehicles has increased from 2% in 2023 to 5.8% in early 2024, indicating a growing acceptance of fast charging technology [10]. Group 3: Competitive Dynamics - The competition between fast charging and battery swapping is not mutually exclusive; both technologies are being developed to cater to different user needs and scenarios [17][18]. - NIO's battery swapping stations can reportedly complete a swap in 2 minutes and 24 seconds, while the company has also invested heavily in charging infrastructure, with over 26,000 charging stations nationwide [12][16]. - The cost and standardization issues surrounding battery swapping remain significant challenges, with NIO's earlier generation stations costing between 150,000 to 300,000 yuan each [15][16]. Group 4: Future Outlook - The future of EV charging may involve a hybrid approach, where users can utilize home slow charging, fast charging in urban areas, and battery swapping on highways [17][18]. - The collaboration among various automakers to share battery swapping infrastructure is seen as a potential solution to enhance the viability of battery swapping technology [16].

智通财经APP讯，优优绿能(301590.SZ)发布首次公开发行股票并在创业板上市招股意向书，此次首次公 开发行股票1050万股，占发行后总股本比例25%，全部为公开发行新股，不涉及公司股东公开发售股 份。此次发行上市的初步询价日期为2025年5月20日，申购日期为2025年5月26日。 此次募资资金将投入以下项目：2.7亿元用于深圳市优优绿能股份有限公司充电模块生产基地建设项 目；2.7亿元用于深圳市优优绿能股份有限公司总部及研发中心建设项目；1.6亿元用于补充流动资金。 该公司是专业从事新能源汽车直流充电设备核心部件研发、生产和销售的国家高新技术企业，主要产品 为15KW、20KW、30KW和40KW充电模块，主要应用于直流充电桩、充电柜等新能源汽车直流充电设 备。公司着眼于新能源汽车对充电速率、环保性、便利性、安全性、可靠性的核心需求，产品始终沿着 大功率、高效率、高功率密度、宽电压范围、高防护性的技术发展路线，可批量供应最大功率为 40KW、最高转换效率为96%、最高功率密度为60W/in3、恒功率输出电压范围为300V至1,000V的充电 模块，以及防护等级为IP65的充电模块，助力新能源汽车实现快 ...

深圳市优优绿能股份有限公司关于募集资金具体运用情况 经公司 2022 年第三次临时股东大会审议通过，公司拟公开发行不超过 1,050 万股人民币普通股，募集资金总额将根据实际发行数量及发行价格确定。本次募 集资金扣除发行费用后，将全部用于与公司主营业务相关的项目，具体投资项目 按轻重缓急排列如下： 单位：万元 利用募集资 项目名称 投资总额 项目备案 项目环评 金投资额 深圳市优优绿能股份 深宝安发改备案 深环宝备【2022】 产基地建设项目 深圳市优优绿能股份 深光明发改备案 有限公司总部及研发 27,465.19 27,000.00 - 〔2022〕0327 号 中心建设项目 补充流动资金 16,000.00 16,000.00 - - 合计 70,747.56 70,000.00 - - （一）深圳市优优绿能股份有限公司充电模块生产基地建设项目 本项目总投资 27,282.37 万元，建设期为 18 个月。本项目拟通过租赁场地 建设的方式，利用公司技术和管理优势，对充电模块产能进行扩充和升级。 （1）提升产能规模、满足下游市场需求 在国际原油价格波动、节能减排、能源安全等诸多因素影响下，我国政府大 力推 ...

作者丨蔡晓东 编辑丨朱晓宇 A股上市企业开启赴港上市潮，全球锂电池巨头宁德时代不遑多让，计划在情人节这一天在港股二次上市。 5月12日，宁德时代正式启动港股公开发售，发行价格上限为每股263港元(约合244.6元人民币)，拟募资金额达310港元，折合人民币两百多亿。 之所以备受市场关注，一是宁王的大动作，二是这将成为2025年迄今全球最大规模IPO。宁德时代称，将在5月16日前完成港股发行的最终定价，并预计于5 月20日在港交所主板挂牌上市。 据报道，宁德时代香港招股公开发售部分已获21倍超额认购，吸引了517亿港元的融资认购。 去年12月，宁德时代正式宣布拟赴港上市。今年2月11日，宁德时代就向香港联交所递表，同日就在联交所官网刊登了IPO的资料集。一个多月后，宁德时 代收到了中国证监会出具的上市备案通知书，4月10日就通过了上市聆讯。若是能够在5月20日上市，这一上市速度堪称迅速。 | 公告日期 ÷ | 融资类别 ÷ | 融资年度 ÷ | 发行价格(元) ⇌ | 融资金额(万元) ÷ | | | --- | --- | --- | --- | --- | --- | | 2022–12–12 | 中期票据 ...

本报记者 向炎涛 李婷 随着新能源汽车渗透率持续攀升，一场以换电为核心的新基建浪潮正席卷而来。 宁德时代新能源科技股份有限公司（以下简称"宁德时代"）、上海蔚来汽车有限公司（以下简称"蔚来"）、中国石油化工 集团有限公司（以下简称"中国石化"）等产业巨头纷纷加码布局，在换电赛道展开新一轮竞逐。从巨头入局到产业链协同，换 电生态圈正加速共建共享，迈向体系化发展的新阶段。 产业链协同效应正在显现。近日，宁德时代与中国石化签署战略协议，双方计划今年共建不少于500座换电站，并设立 10000座换电站的长期目标。这一合作将充分发挥中国石化3万余座加油站的网络优势，为换电模式提供得天独厚的场地资源。 当前，我国换电基础设施建设进入快车道。工业和信息化部数据显示，截至2024年末，我国已建成换电站4443座。在乘用 车领域，蔚来以超过3200座的规模领跑市场，并与宁德时代达成战略合作，双方将在电池标准统一、换电网络共享等方面深度 协同。 商用车领域正成为换电模式的新蓝海。"燃油重卡单公里能源成本是电动重卡的3倍左右，而换电3分钟至5分钟的补能效率 完全媲美加油。"豪尔赛科技集团股份有限公司旗下换电运营商北京豪能汇新能源科 ...

Core Viewpoint - The company reported strong performance in Q1 2025, with significant year-on-year growth in net profit despite a seasonal decline in revenue [1][2]. Financial Performance - In Q1 2025, the company achieved revenue of 84.7 billion yuan, representing a year-on-year increase of 6.2% but a quarter-on-quarter decrease of 17.7% [1][2]. - The net profit attributable to shareholders reached 13.96 billion yuan, showing a year-on-year growth of 32.9% and a quarter-on-quarter decline of 5.3% [1][2]. - Operating cash flow remained strong at 32.9 billion yuan, with cash and cash equivalents exceeding 320 billion yuan at the end of the period [1]. Market Dynamics - The company's U.S. business accounts for a small proportion of total shipments, and it has proactively prepared for changes in trade policies, minimizing direct impacts on performance [3]. - In the European market, the company saw a year-on-year increase in power battery sales, with market share rising from 17% in 2021 to 38% in 2024, maintaining the leading position [3]. - Emerging markets in the Middle East and Australia are experiencing rapid growth in energy storage demand, driven by renewable energy and AI data centers [3]. New Business Developments - The company is making progress in the battery swapping ecosystem, planning to build 1,000 battery swapping stations in 2025 [4]. - Collaborations with major companies like Sinopec and NIO aim to establish a nationwide battery swapping network [4]. - The commercial vehicle market is showing strong growth, with the company capturing over 70% of the domestic market share for new energy commercial power batteries [4]. Investment Outlook - The company is positioned as a global leader in lithium battery technology, with a comprehensive market layout and strong cost control advantages [5]. - Profit forecasts for 2025, 2026, and 2027 are maintained at 66.26 billion, 79.73 billion, and 92.36 billion yuan, respectively, with corresponding PE ratios of 16.3, 13.6, and 11.8 [5]. - The global demand for lithium batteries is expected to continue growing, particularly in Europe and emerging markets, supporting the company's positive outlook [5].

Investment Rating - The report maintains a "Strong Buy" rating for the company, indicating an expected stock performance that will exceed the market by more than 20% within the next six months [11]. Core Insights - The company reported strong performance in Q1 2025, achieving revenue of 84.7 billion yuan, a year-on-year increase of 6.2%, and a net profit attributable to shareholders of 13.96 billion yuan, up 32.9% year-on-year [3][6]. - The company is expanding its global market presence, particularly in Europe, where its market share in the power battery sector has increased from 17% in 2021 to 38% in 2024 [6]. - The company is actively developing new business models, including battery swapping and ultra-fast charging technologies, which are expected to drive future growth [7]. Summary by Sections Financial Performance - In Q1 2025, the company achieved a revenue of 84.7 billion yuan, with a year-on-year growth of 6.2% and a quarter-on-quarter decline of 17.7% due to seasonal factors [3][6]. - The net profit for the same period was 13.96 billion yuan, reflecting a year-on-year increase of 32.9% and a quarter-on-quarter decrease of 5.3% [3][6]. - The operating cash flow remained strong at 32.9 billion yuan, with cash and cash equivalents exceeding 320 billion yuan at the end of the quarter [3]. Market Expansion - The company has seen significant growth in its battery sales, exceeding 120 GWh in Q1 2025, with a year-on-year increase of over 30% [6]. - The company is focusing on emerging markets such as the Middle East and Australia, where demand for energy storage is rapidly increasing [6]. Future Projections - The company forecasts a net profit of 66.26 billion yuan for 2025, with expected growth rates of 30.3% and 19.9% for 2026 and 2027, respectively [5][9]. - The projected revenue for 2025 is 460.7 billion yuan, with a gross margin of 24.3% [5][9]. Strategic Initiatives - The company plans to build 1,000 battery swapping stations by 2025 and has signed strategic agreements with major partners to enhance its battery swapping network [7]. - The company is also investing in ultra-fast charging technology, aiming to lead in this segment with its new battery products [7].

Group 1 - NIO's stock opened at $3.935 per share, up 2.47%, with a total market capitalization of $8.911 billion as of May 8 [1] - For the fiscal year ending December 31, 2024, NIO's total revenue is projected to be 65.732 billion RMB, representing a year-on-year growth of 18.18%, while the net profit attributable to shareholders is expected to be -22.658 billion RMB, a decrease of 7.14% year-on-year [1] Group 2 - NIO is a pioneer and leader in the high-end smart electric vehicle market, established in November 2014, with a mission to create enjoyable lifestyles for users [2] - The company aims to build a community centered around smart electric vehicles, sharing joy and growing together with users [2] - NIO designs, develops, co-manufactures, and sells high-end smart electric vehicles, driving innovation in autonomous driving, digital technology, electric powertrains, and battery technology [2] - NIO has introduced several high-end smart electric vehicles, including the ES8, ES6, EC6, ET7, and ET5, with deliveries starting from 2018 to 2021 [2]

Core Viewpoint - The financial performance of listed automotive companies shows a divergence, with most companies experiencing revenue growth but significant differences in net profit, particularly highlighting BYD's strong profit and NIO's substantial losses [1][2]. Group 1: Financial Performance - Among the 13 listed automotive companies, 8 reported profits while 5 incurred losses, with BYD leading in net profit at 40.25 billion and NIO at the bottom with a loss of 22.66 billion [1][2]. - BYD's revenue reached 77.71 billion, marking a 29.0% increase, while NIO's revenue was 65.7 billion, an 18.2% increase, but with a net loss of 22.66 billion, a 7.1% decrease year-on-year [2][5]. Group 2: NIO's Challenges - NIO's sales growth has been heavily reliant on promotions and the introduction of its lower-priced brand, with high-priced models like ES8, ET7, and EC7 seeing significant declines in sales [3][5]. - NIO's annual sales target completion rate for the first four months was only 15%, the lowest among major new energy vehicle brands, indicating underperformance against market expectations [8][9]. Group 3: Competitive Landscape - NIO's battery swap model faces increasing competition from rivals like BYD, which has introduced fast-charging technology that significantly reduces charging time, potentially impacting NIO's market position [10][11]. - The cost-effectiveness of BYD's supercharging stations compared to NIO's battery swap stations raises concerns about the sustainability of NIO's business model [11][12].