Domestic News - The Ministry of Industry and Information Technology (MIIT) is soliciting public opinions on three mandatory national standards, including the speedometer for automobiles and motorcycles, with a deadline of August 30, 2025. The revisions include changes to the scale value marking and requirements for electronic digital speedometers [2][3] - Starting January 1, 2026, new regulations will require all newly approved passenger vehicles to be equipped with Anti-lock Braking System (ABS) to enhance vehicle stability during emergency braking. Additionally, the new standards will prohibit the default "single pedal mode" for energy recovery systems in electric vehicles [4][5] - In the first five months of 2025, Shaanxi Province exported 155,000 new energy vehicles, marking a 173% increase year-on-year, surpassing the total export volume of 147,000 vehicles for the entire year of 2024. The province's total vehicle production reached 789,000 units, a 29.3% increase [6][7] - CATL and Geely have signed a strategic cooperation agreement to deepen collaboration in battery technology and supply chain development [8] - Changan Automobile has opened its first flagship store in Norway, launching the Deep Blue S07 model, which is tailored for the European market [9] - BYD Energy has signed a cooperation framework agreement with State Grid Hunan Comprehensive Energy Service Co., aiming for deep collaboration in distributed energy storage [10][11] - Pony.ai has initiated autonomous driving pilot tests in Dubai, with plans for commercial operation by 2026 [12] - Faurecia China and GAC Huawang have established a joint venture to enhance their competitive edge in the market [13] International News - In June, the UK saw a 6.8% year-on-year increase in new car registrations, with electric vehicle demand rising by 39.1% [14] - The Czech Republic has become the second European country to legally allow Level 3 autonomous vehicles on public roads, effective January 1, 2026 [15] - Hyundai has begun construction of a hydrogen fuel cell factory in Ulsan, South Korea, expected to be operational by 2028 [16] - Tesla has expanded its Full Self-Driving (FSD) testing to Spain, following previous expansions in other European countries [17] Commercial Vehicles - Sichuan Province is promoting the development of hydrogen fuel cells and hydrogen-powered heavy trucks as part of its new industrial strategy [18] - Dongfeng Motor has delivered its first batch of the new Dongfeng Dolika Kangluwei light trucks [19] - BYD's Shark pickup has become the best-selling domestic pickup in Australia, with a 368% increase in registrations year-on-year [20] - Guangzhou Yuanchen New Energy Commercial Vehicle Company has officially launched, focusing on the electrification of public transport and logistics vehicles [21]

Group 1: Gold Market Overview - The Shanghai Gold Exchange reported a slight decline in gold prices, with the price of gold 9999 closing at 776.14 yuan per gram, down 0.53% from the previous day, with a trading range of 768 to 772.4 yuan per gram [1] - Other gold specifications also experienced declines ranging from 0.32% to 0.70%, indicating a relatively stable overall trend despite the price drop [1] Group 2: Retail Gold Prices - Significant price differentiation was observed among various gold brands, with retail prices for gold jewelry reaching as high as 1005 yuan per gram for brands like Chow Tai Fook and Luk Fook, while lower prices were noted for brands like China Gold at 969 yuan per gram [2][4] - Investment gold bar prices remained stable, fluctuating around 785 yuan per gram, while bank prices for investment gold bars varied between 784 and 789 yuan per gram [4] Group 3: Gold Recycling Prices - The gold recycling price was reported at 760 yuan per gram for 99.9% purity gold, with varying prices for different gold purities, such as 22K gold at 673 yuan per gram and 18K gold at 547 yuan per gram [5] Group 4: Platinum Market Outlook - The platinum market faces challenges due to the rapid development of global electric vehicles impacting traditional automotive catalyst demand, with a projected decrease of 50,000 ounces in platinum demand from the automotive sector in 2025 [6] - However, the rise of hydrogen fuel cell vehicles presents a new growth opportunity, as their platinum demand exceeds that of traditional fuel vehicles [6] - The industrial demand for platinum is expected to decline by 8% year-on-year in 2025, influenced by cyclical downturns in the glass industry and changes in international trade dynamics [6]

Core Insights - The hydrogen fuel cell vehicle demonstration application is reaching its conclusion this year, with multiple demonstration city clusters accelerating their promotion goals, particularly in the Beijing-Tianjin-Hebei region, which has exceeded its targets [1][5][6] - The domestic production rate of key components for hydrogen fuel cell vehicles has surpassed 90%, and the cost of fuel cell systems has decreased by 80%, from 15,000 yuan/kW to 2,500 yuan/kW [2][3] - The expansion of hydrogen energy application scenarios and the establishment of demonstration city clusters are expected to accelerate the commercialization of hydrogen energy [1][3] Industry Developments - The Daxing International Hydrogen Energy Demonstration Zone has become a key hub for the hydrogen energy industry in the Beijing-Tianjin-Hebei region, with the largest hydrogen refueling station in Asia, capable of refueling 4.8 tons of hydrogen daily [4] - The introduction of new demonstration cities, such as Hami in Xinjiang and Lüliang in Shanxi, is anticipated to enhance the promotion of fuel cell vehicles and improve the achievement rate of demonstration city cluster goals [7] - The hydrogen fuel cell vehicles are being widely applied in various sectors, including logistics, public transportation, and municipal services, with significant orders for hydrogen-powered two-wheelers expected in the coming year [8][10] Policy and Financial Support - The Chinese government has implemented policies to support the demonstration application of fuel cell vehicles, with a total of 51 billion yuan in rewards distributed during the demonstration period, and an additional 18.7 billion yuan available for cities meeting their targets [5][6] - The Ministry of Industry and Information Technology has emphasized the need to accelerate the expansion of typical application scenarios for clean hydrogen [9] - Industry experts suggest that future policies should focus on infrastructure development and enhancing the convenience of end-user applications to further promote the hydrogen energy sector [9][10]

Core Viewpoint - Haima Automobile is experiencing short-term market enthusiasm due to recent announcements and product developments, but it continues to face long-term operational challenges and skepticism regarding its competitiveness and profitability [1][2]. Group 1: Recent Developments - Haima Automobile announced that its Box Car has successfully obtained product announcement directory approval, with plans for the EX00 model to be mass-produced and launched this year [1]. - The company's stock surged to a limit-up of 4.28 yuan, with a total market capitalization of 7.04 billion yuan, reflecting a nearly 13% increase over the week [1]. - The company denied any collaboration with Jin Yu Automobile, which had claimed to partner with Haima for developing a new brand [3][5]. Group 2: Operational Challenges - Haima Automobile has not released monthly production and sales data since January 2025, and the launch of new products has been repeatedly delayed [1]. - The company has been criticized for its declining product competitiveness and profitability, with a significant drop in revenue reported [10]. - The first quarter of 2025 showed a revenue of approximately 268 million yuan, a year-on-year decrease of 37.89%, while the net profit attributable to the parent company was -30.0038 million yuan, a 65.08% increase in loss compared to the previous year [10]. Group 3: Hydrogen Fuel Cell Vehicle Prospects - The hydrogen fuel cell vehicles that Haima is betting on face high manufacturing costs and regulatory challenges, limiting their market adoption [2]. - Despite the challenges, Haima's hydrogen fuel cell vehicle, the 7X-H, remains a key focus for future development, although scaling up production is still a significant hurdle [10]. - Industry experts emphasize the need for technological innovation and international cooperation to promote the large-scale application of hydrogen energy and fuel cell vehicles [11].

为期三天的2025国际氢能与燃料电池汽车大会18日在上海举办，近300家国内外企业重点展示了氢燃料电池汽车的新产品和新技术。 记者在现场看到，这届大会围绕着氢燃料电池汽车的全产业链进行了充分展示。 而另一辆全球首款氢混乘用车，动力输出上可氢可电，示范运行突破了1万公里。 整车方面，这款全新一代氢燃料电池乘用车，续航里程从上一代的550公里，提升至700公里，加氢时间仅需5分钟。 催化剂是影响燃料电池效率的核心材料，一款自主研发的催化剂，通过构建独特的介孔结构，提升了稳定性和耐久性，综合性能提升了10%至15%。 双极板作为燃料电池的"骨架"。这款钛基碳涂层双极板采用了全新工艺，寿命有望突破3万小时，成本降低30%以上。 中国汽车工程学会副秘书长赵立金：技术端已经实现了很大的技术突破，包括从氢能的制取、储运、加注到燃料电池的材料以及电堆系统的集成技术，都有 长足的进步。 全球最大吨位氢燃料电池矿卡迎来首秀 在2025国际氢能与燃料电池汽车大会上，全球最大吨位氢燃料电池矿卡迎来首秀。 眼前这台矿卡，是全球首台260吨级氢燃料电池矿卡，堪称钢铁"巨无霸"，车长14.7米多、宽9.1米多、高7.4米多，光是轮胎就高达 ...

近日，国能平庄煤业联合三易（海南）新材料有限公司创新采用1200°C高温高压碳氢耦 合技术成功将3000多大卡的褐煤制备出纳米碳氢燃料，检测十六烷值为49，标志着褐煤制备 碳氢燃料取得重大突破。随着纳米碳氢项目深入研究，煤种适应性更加广泛，多煤种制备出 的碳氢燃料十六烷值检测值达到49-52，达到国六（国Ⅵ）标准，碳氢燃料将作为新型燃料 油研究意义十分重大。 作为兼具燃烧性能、环境友好性与战略能源安全价值的新型燃料油，随着进一步深入的 研究和试验，未来，纳米碳氢燃料油将为远洋航运、农机系统、山区能源等领域带来更优化 的燃料选择，构建农村、军工、沿海能源闭环系统，减少进口能源依赖，推动燃料制造设 备、碳源处理设备、热能耦合技术等配套发展，为国家能源安全持续助力。 【责任编辑：王少晨 】 当前，由于高速柴油机燃料耗量低于汽油机，柴油逐渐成为拖拉机、大型汽车、内燃机 车、挖掘机、装载机、渔船、柴油发电机组和农用机械的主要动力来源。十六烷值是评定柴 油质量的重要指标之一。国家标准要求普通柴油和车用柴油的十六烷值均不低于45，具体范 围通常在40-60之间，以确保燃烧性能与排放控制的平衡，因为当十六烷值过高或过低，会 ...

在政策衔接的十字路口，氢燃料电池汽车产业界对新政策提出 多项诉求，以破解当下氢燃料电池汽车产业发展存在的主要痛 点。 作者： 周信 封图：图虫创意 导读 壹 || 氢燃料电池企业亏损加大，是应收账款危机、研发投入过重、电堆价格不断走低等多重 原因导致。 贰 || 氢能产业至今仍然没有实现有效的商业化运作，其中的核心矛盾在于氢气成本与终端需 求的倒挂，以及应用场景单一导致商业闭环缺失。 叁 || 面对2025年氢燃料电池汽车示范政策到期节点，氢能产业人士的呼声高度一致，即连续 性政策供给、氢能高速全国一张网、专项融资通道、绿氢降本组合拳、多元化场景破壁。 "我们现在的确很难，现在燃料电池企业都面临着比较严峻的挑战，一方面燃料电池企业造血能力 较差，比较依赖融资，另一方面氢能商业化进程也不及预期。同时，产业发展需要稳定的延续性政 策，但现行政策即将到期，新的政策还没出台。"6月初，北京亿华通品牌部负责人李靖向经济观 察报表示。 一个月前，"氢能第一股"亿华通迎来了上市以来最差成绩单：2024年营收3.67亿元，同比下滑 54.21%，净亏损扩大至4.56亿元。这并非个例，国富氢能、国鸿氢能、重塑能源四家头部企业 ...

Market Overview - In April 2025, domestic sales of new energy commercial vehicles reached 77,000 units, representing a year-on-year increase of 58.8% and a slight month-on-month decline. The penetration rate for the month rose to 24.18%, with a cumulative penetration rate of 21.49% for the year [6][7]. Policy Support - The Shanghai Jiading District government issued a notice to support the development of the hydrogen fuel cell vehicle industry, offering rewards for R&D activities and capacity expansion, with a maximum of 5 million yuan for R&D and 30 million yuan for capacity expansion [5][8]. - The Guizhou Zhenfeng County government encouraged the installation of charging facilities, allowing certain entities to bypass construction permits while ensuring compliance with safety and environmental standards [5][10]. Industry Developments - XCMG launched its new generation "Han Jie" light truck, focusing on high safety, reliability, long range, and low energy consumption, marking a significant advancement in logistics vehicle efficiency [17]. - Foton Motor introduced the global strategy for its new "Xiangling V5" model, featuring innovative technologies that enhance driving comfort and safety [17]. - A strategic cooperation agreement was signed between CATL and Shaanxi Heavy Duty Automobile, aiming to develop new energy vehicles with reduced energy consumption and weight [17][19]. New Product Launches - Qingling Group, in collaboration with Huawei, unveiled the world's first megawatt-level ultra-fast charging heavy truck, which can charge 80% in just 15 minutes, significantly improving operational efficiency [19]. - Yutong launched the new "Yumeng E5S" bus, designed to meet the evolving needs of public transportation with a focus on sustainability and efficiency [21]. International Expansion - Chuangwei Automotive delivered 60 pure electric buses to Kazakhstan, enhancing its presence in the international market and contributing to local public transport [21]. - Yutong secured a contract to supply 62 electric buses to a Dutch public transport operator, furthering its commitment to zero-emission public transport solutions [21].

Core Viewpoint - Proton Automotive Technology Co., Ltd. has successfully exported hydrogen fuel heavy trucks to Australia, marking the first entry of Shaanxi's hydrogen fuel heavy trucks into the overseas market [1][2] Group 1: Company Overview - Proton Automotive is the first domestic company to achieve certification and mass export of hydrogen fuel heavy trucks to developed countries, indicating international recognition of its products and technology [2] - The company has been increasing its investment in the research and development of hydrogen fuel heavy trucks since its establishment in the Qin Chuang Yuan innovation platform in 2022 [1] Group 2: Product Details - The exported hydrogen fuel heavy trucks are equipped with a hydrogen fuel system with the largest production power in the industry at 240 kW and a new generation electric drive axle, achieving a maximum range of 500 kilometers [1] - The trucks have leading hydrogen consumption levels of 100 kilometers in the industry and are designed to meet various complex commercial transportation needs [1] Group 3: Market Strategy - Proton Automotive has signed an export agreement for 20 hydrogen fuel heavy trucks with its Australian partner during the delivery ceremony, indicating plans for further expansion into overseas markets [2] - The company aims to contribute to global energy transition and sustainable development while targeting a market share of first place in the national market by 2024 [1]

Core Insights - The domestic heavy truck market remains highly competitive in May, with major brands reporting significant order wins, including large orders from companies like FAW Jiefang, Dongfeng Commercial Vehicle, and XCMG [1] Group 1: FAW Jiefang - FAW Jiefang signed another large order for 1,000 new energy heavy trucks, following a similar order in April, indicating strong market demand and strategic partnerships [2][5] - The signed new energy trucks include various types such as tractors, cargo trucks, and special vehicles, showcasing FAW Jiefang's comprehensive approach to the new energy market [5] Group 2: China National Heavy Duty Truck Group - China National Heavy Duty Truck Group received multiple bulk orders for both fuel and new energy tractors, highlighting its strong market presence [6] - The company held events showcasing its products, including the Shandeka G7 fuel tractor, which received 87 orders during a promotional event [7] - The company also delivered 10 units of the Chengdu V7-X EV tractor to a major client, with a total order of 50 units aimed at e-commerce and import-export logistics [7] Group 3: Dongfeng Commercial Vehicle - Dongfeng Commercial Vehicle signed a strategic cooperation agreement for 1,000 hazardous chemical gas vehicles, marking a significant step in ecological construction for the industry [10][13] - The company also held a delivery ceremony for 100 port transport vehicles, further expanding its market reach [11] Group 4: Foton Motor - Foton Motor achieved multiple large orders, including 100 units of the Ouman Starwing gas tractor delivered to a steel client in Guangxi [14][15] - The company also secured significant orders during various promotional events across different regions, including 103 units in Jiangsu and 177 units in Shijiazhuang [17] Group 5: XCMG - XCMG signed a contract for 1,000 new energy tractors, contributing to the green transformation of local steel transportation [18] - The XG2 EX630S tractor, recognized as a top-selling new energy heavy truck, was highlighted for its safety and efficiency [18] Group 6: Dongfeng Liuqi - Dongfeng Liuqi delivered 1,000 Menglong express delivery vehicles to YTO Express, showcasing its advanced technology and commitment to efficiency and sustainability [20] Group 7: SANY Heavy Industry - SANY delivered nearly 100 electric heavy trucks to a major client, marking the third collaboration between the two parties in the green logistics sector [22] Group 8: Hanma Technology - Hanma Technology delivered 130 customized dump trucks to Southeast Asian clients, demonstrating its ability to meet specific regional demands [24] - The company reported a significant increase in exports, with a year-on-year growth of 478.40% in early 2025 [26] Group 9: Feichi Technology - Feichi Technology launched 100 hydrogen fuel cell heavy trucks as part of a zero-carbon logistics corridor project in Southwest China, marking a significant milestone in its market strategy [27][29] Conclusion - The successful signing of large orders in May is expected to significantly impact the heavy truck market's sales rankings, with ongoing attention to market dynamics [31]