加快转型升级，综合整治行业"内卷式"竞争，积极拓展海外市场，同心协力、团结互信，合力推 进……7月10日-12日，在上海嘉定举办的2025中国汽车论坛上，海内外各界嘉宾围绕本届论坛"提质向 新，智赢未来"的主题，踊跃建言，展望产业态势走向，共谋发展未来蓝图。 中国科学技术协会主席万钢强调，当前的中国汽车产业需要同心协力、团结互信，合力推进汽车产 业转型升级。电动化、智能化和低碳化是我国汽车产业转型升级的方向，在新能源汽车的发展过程中， 我们规划了纯电动、混合动力和氢燃料电池三大技术方向。过去十几年，我国汽车产业的电动化转型和 基础设施建设协调有序推进，取得了一定成绩。在接下来氢燃料电池汽车的发展方面，要加强示范政策 带动作用，统筹推进氢能与燃料电池汽车协同发展。他建议，要加强燃料电池汽车应用推广工作的政策 延续性、措施精准性和场景适配性，推动政策在支持突破关键技术、强化产业链的基础上，向支持规模 化推广、典型场景应用、加快基础设施建设等方向拓展。同时，延续支持政策、贯通综合示范；推 动"氢能高速"、构建"氢能走廊"；央地企同向发力、完善产业发展环境。 在中国机械工业联合会会长徐念沙看来，中国汽车工业要持续推动 ...

同时，在热闹的市场之下，流量、技术、生态到底哪种模式最终可以突出重围，随着角逐的深度蔓延， 这个价位段SUV"体验基准线"也在不断拉升，多品牌也都致力于通过产品迭新带来新体验。 当小米YU7以3分钟20万台大定订单的热度席卷车市时，一些消费者在"抢订"兴奋后，开始面对一个现 实问题：由于产能瓶颈，部分订单交付周期较长。 小米YU7的交付时间因车型不同而有所差异。根据小米汽车APP更新的信息，标准版预计交付时间为53 —56周，Pro版为48—51周，Max版为33—36周。这意味着，标准版的用户可能需要等待超过一年才能 提车。 这为其他品牌提供了空间。从市场反馈来看，在25—30万元级新能源SUV市场，小米YU7的"超长等待 提车周期"间接让Model Y和智界R7等同级轿跑型SUV聚集更高人气。 诸多品牌都在这方面表现出极致追求。定位为"智能大空间旗舰SUV"，蔚来乐道L90昨日正式开启预 售。 从空间对比来看，小米YU7和智界R7尺寸相较于Model Y稍大。小米YU7之所以首发卖爆，更多的在于 其颜值和可玩性，诸如全车配置多个磁吸点，适合拓展小米生态硬件，还有可变色天窗等，提供给用户 的情绪价值很高。 ...

[Table_Reportdate] 2025年07月11日 [table_invest] 超配 行 业 简 评 [证券分析师 Table_Authors] 商俭 S0630525060002 shangjian@longone.com.cn [table_stockTrend] -22% -8% 7% 21% 36% 50% 64% 24-07 24-10 25-01 25-04 申万行业指数:机械设备(0764) 沪深300 [Table_NewTitle 上半年挖掘机 ] 内销大增，新兴国家加速 渗透 ——机械设备行业简评 [table_main] 投资要点： 装载机：2025年6月销售各类装载机12014台，同比增长11.3%。其中国内6015台，同比增 长13.6%；出口5999台，同比增长9.11%。2025年6月销售电动装载机3049台。2025年上 半年共销售装载机64769台，同比增长13.6%。 ➢ 风险提示：贸易摩擦风险；海外需求放缓；市场竞争风险；政策不及预期风险。 行 业 研 究 [table_product] ➢ 事件：中国工程机械工业协会发布2025年6月主要企业挖掘机和装载机销 ...

除此之外，奔驰在智能化方面也受到了不小的质疑，其车机导航系统出现大面积崩溃，C级、E级、S级和EQ系列等热门车型均受到了影响。车主们纷纷在 社交平台上发帖反映，称车内导航、CARPLAY等功能无法使用，给日常出行带来极大不便。尽管奔驰方面迅速响应，表示预计在当日中午就可以恢复使 用，但实际修复时间却远超预期，部分车型直到第二天才恢复正常，甚至有些出现了"后遗症"，如CARPLAY图标显示但无法连接等问题。 面对这些危机，奔驰也迅速做出了回应。针对召回事件，奔驰中国及北京奔驰会通过授权经销商为召回范围内的车辆免费检查受影响的保险丝盒，并更换零 部件号有误的保险丝盒，以消除安全隐患。同时，对于电池管理系统软件设计存在缺陷的车辆，奔驰也将通过升级软件来消除安全隐患。 对于车机方面的故障问题，奔驰在官方App中上架了一款名为"远程控制-30天延期包"的专属福利产品来补偿车主。然而，这一补偿措施并未得到所有车主的 认可。有的车主认为奔驰的补偿不够大方，远程控制功能仅包括远程解锁、车辆定位和远程车窗，却不包含夏天较为需要的远程发动机启动和远程温控服 务。 受全球关税政策调整及部分车型新旧交替影响，其全球汽车与厢型车总销量 ...

结论与建议： 机构：群益证券(香港) 研究员：沈嘉婕 1-6 月，公司实现整车销量141 万辆，YOY+47.4%。其中吉利品牌累计销售116.4 万辆，YOY+56.9%。 领克和极氪分别累计销售15.4 万辆和9.1万辆，YOY 分别为22.3%和3.3%。上半年公司凭借星愿、星舰 7、星耀8等热销车型实现销量大幅增长，公司将全年的销量目标上调至300 万辆，相较于去年同比增 38%，上半年已经达成销量目标的47%。下半年公司新品储备丰富，包括银河A7/M9、极氪9X/8X、领 克10EM-P。 公司公布极氪9X 搭载的多项新技术: 7 月9 日，公司举行了极氪9X 技术发布会。极氪9X 是极氪品牌的 豪华旗舰SUV，也是品牌首款混动产品，预计8 月底开始预售。极氪9X 将搭载多项全新技术。该车基 于全球首个全栈900V 高压电混架构SEA-S。动力方面，该车发动机最大功率达205千瓦，热效率突破 46%；前后双电机综合功率分别为290 千瓦和370 千瓦。补能方面，极氪9X 搭载宁德时代骁遥电池，支 持6C 快充，20%-80%电量补能仅需9 分钟，CLTC 纯电续航里程最高可达380 公里。智能化方面 ...

7月11日，以"提质向新，智赢未来"为主题的2025中国汽车论坛在上海嘉定召开。中国科学技术协会主 席万钢表示，同心协力、团结互信是推动中国汽车产业转型升级的重要前提条件。首先，要推动我国汽 车产业电动化、智能化、低碳化转型升级，保障能源安全、大气环境保护。从新能源汽车产业发展规划 来看，要提升技术创新能力、构建新型产业生态、推动产业融合发展、完善基础设施建设。万钢介绍， 目前，中国汽车产业电动化转型和基础设施建设正在协调有序推进。2024年，我国新能源汽车销量达到 1286.6万辆，在汽车新车总销量中的占比达到40.9%；插电/增程式混动汽车销量达到514.1万辆，在新能 源汽车销量占比达到约40%；我国充电桩数量共1281.4万座，桩车比1:2.4，换电站4443座。(上证报) ...

Core Viewpoint - Honda's approach to electric vehicle (EV) transformation appears reactive rather than proactive, leading to concerns about its ability to keep pace with market changes and competition in the EV sector [1][3][4] Group 1: Honda's Strategy and Market Response - Honda has attempted to launch new electric vehicles but has been criticized for not having a clear strategy compared to competitors like Volkswagen and Toyota [1][4] - Recent news indicates Honda's decision to halt the development of new electric vehicles, which many interpret as a sign of losing touch with market dynamics [1][3] - The company is shifting focus from electric vehicles to hybrid models, reducing its planned investment in EV development from 10 trillion yen to 7 trillion yen [10][12] Group 2: External Market Influences - The cessation of the electric vehicle tax credit in the U.S. has influenced Honda's decision to stop developing certain EV models, reflecting a reaction to specific regional market conditions [3][6] - Honda's partnership with Sony in the mobility sector has faced challenges, with reported operational losses of 52 billion yen, indicating difficulties in achieving market traction [8] - The overall slowdown in electric vehicle support in Europe has prompted Honda and other automakers to reconsider their strategies, highlighting the impact of external market conditions on corporate decisions [6][9] Group 3: Focus on China Market - Honda's strategy in China is distinct, as the company aims to align more closely with local consumer demands and market trends, emphasizing the need for a more proactive approach in the Chinese EV market [10][16] - The company recognizes the importance of adapting to the rapidly changing consumer preferences in China, which may require a shift from traditional practices to more localized development strategies [14][16] - Honda's performance in the Chinese market is critical, as competitors like Toyota and Nissan have successfully launched models that resonate with local consumers, putting pressure on Honda to catch up [10][16]

Core Viewpoint - The global lithium battery market is expected to reach nearly 10TWh by 2030, driven by the trend of "full-scenario electrification" and the emergence of solid-state batteries as a key variable in the industry [1][2][3]. Group 1: Market Growth and Demand - By 2025, global lithium battery shipments are projected to exceed 1.8TWh, with demand expected to surpass 8TWh by 2030, creating a market space close to 10TWh [1][3]. - Specific applications such as eVTOL, robotics, electric ships, and engineering machinery are anticipated to see significant growth, with projected lithium battery demands of 30GWh, 100GWh, 100GWh, and 160GWh respectively by 2030 [3]. Group 2: Solid-State Battery Development - Solid-state batteries are expected to disrupt existing market structures, with companies likely to enter the global top 10 rankings in the power and energy storage sectors by around 2030 [2][5]. - The demand for materials and equipment related to solid-state batteries is anticipated to enter a new cycle, with requirements reaching tens of thousands of tons and investments in the hundreds of billions [2][5]. Group 3: Energy Storage Market Dynamics - The energy storage sector is experiencing rapid growth, with shipments expected to reach 450GWh in 2025, reflecting a year-on-year increase of over 100% [6]. - The market is entering a phase of technological elimination, with the introduction of 500Ah+ batteries setting a new industry benchmark, potentially leading to the exit of less competitive firms [6]. Group 4: Globalization and Market Strategy - Companies are encouraged to pursue globalization at their own pace, with a particular focus on the U.S. market, where Chinese lithium battery manufacturing technology remains irreplaceable [7].

Core Viewpoint - The collaboration between EVE Energy and BMW marks a significant milestone in the electric vehicle industry, focusing on the production of large cylindrical batteries to support BMW's new generation of models and enhance the supply chain synergy between China and Europe [2][3][14]. Group 1: Collaboration Background - BMW and EVE Energy's partnership began in late 2017, with a strategic focus on large cylindrical battery technology established in 2020 [2][3]. - EVE Energy was officially announced as a core supplier for BMW's "new generation" models in September 2022, leading to the establishment of new production bases in Shenyang, China, and Debrecen, Hungary [2][3]. Group 2: Production Milestones - The Shenyang large cylindrical battery base's "Pioneer Project" entered trial production on June 30, 2025, marking a transition from technical collaboration to industrial co-creation [3][7]. - The trial production aims to validate and optimize EVE Energy's self-developed high-speed assembly line, utilizing digital twin technology for process and quality control [7][12]. Group 3: Strategic Importance - The partnership is seen as a strategic response to the competitive challenges in the current market, emphasizing the importance of collaboration with local partners in China [5][14]. - EVE Energy's advanced manufacturing capabilities and high-quality standards are key reasons for BMW's choice to collaborate, as both companies aim to lead the transformation in electric mobility [5][12]. Group 4: Market Performance and Future Plans - EVE Energy's large cylindrical batteries have been validated in over 60,000 vehicles globally, achieving significant mileage and maintaining zero safety incidents [11]. - BMW plans to launch over 40 new generation models by 2027, with the first model, the BMW iX3, set to debut within the year, highlighting the urgent demand for advanced battery technology [10][11]. Group 5: Global Supply Chain Synergy - The collaboration exemplifies a new model of global industrial cooperation, with EVE Energy positioned as a key player in meeting the growing battery demand from traditional European automakers like BMW [14][15]. - The proximity of EVE Energy's Hungarian factory to BMW's Debrecen plant is designed to maximize supply chain efficiency and ensure timely battery supply for production [13][14].

证券代码：002594 证券简称：比亚迪 比亚迪股份有限公司 编号：2025-30 投资者关系 活动类别 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 ☑其他 （电话会议） 参与单位名 称及人员姓 名 Pictet、PM、Christopher Hartkopf 等 6 人 时间 2025-7-915:00-16:00 地点 比亚迪六角大楼 上市公司接 待人员姓名 吴越、常恩铭 投资者关系 活动主要内 容介绍 问题一：公司近期销量如何？ 答：2025 年比亚迪 6 月份销售 382585 辆，同比增长 12.0%，上 半年累计销售 2145954 辆，同比增长 33.0％，新能源累计销售 超 1270 万辆。 问题二：比亚迪和香港科技大学的最新合作项目具体是什么？ 答：2025 年 7 月 7 日，比亚迪汽车工业有限公司与香港科技大 学（以下简称"港科大"）签署合作框架协议，共同成立"香港 科技大学-比亚迪具身智能联合实验室"。联合实验室设立在港 科大校园，比亚迪将于未来数年投入数千万港元支持实验室运 营，重点攻关具身智能领域。双方将重点探索数据驱动的具身智 能 ...