周度报告——新能源汽车 雷克萨斯独资工厂落地上海 ★ 动态跟踪 行业数据跟踪方面，2025 年第 16 周（2025 年 4 月 14 日至 4 月 20 日），国内乘用车零售 38.1 万辆，同比增长 9.0%；新能源乘 用车零售 20.3 万辆，同比增长 27.9%；新能源渗透率为 53.2%。 今年以来，国内乘用车累计零售 600.5 万辆，同比增长 3.1%；新 能源乘用车累计零售 290.6 万辆，同比增长 33.0%；累计新能源 渗透率为 48.4%。4 月全月来看，乘联会预计新能源零售 90 万， 渗透率 51.4%。 新 能 企业端，雷克萨斯作为第二家外商独资车企正式落地上海金山， 工厂投资额 146 亿元，首期拿地 1,692 亩，预计于 6 月开工，初 期年产能约 10 万辆，第一台车将于 2027 年生产下线。 源 与 新 全球来看，3 月全球新能源汽车销量同比增长 33.4%达 149 万辆， 1-3 月累计同比增长 35.4%达 360 万辆。3 月全球新能源渗透率为 24.2%，环比增加 1.5 个百分点。 料 ★ 投资建议 中国新能源汽车行业发展由政策驱动转向市场驱动，23 年新 ...

Core Insights - The automotive industry is experiencing a decline in profitability, with a profit margin of 3.9% in the first quarter of 2025, which is below the average profit margin of 5.6% for downstream industrial enterprises [1][3][8] - The industry generated revenues of 240.22 billion yuan in the first quarter of 2025, an 8% year-on-year increase, while costs rose by 9% to 211.19 billion yuan, leading to a profit of 9.47 billion yuan, a 6% decline compared to the previous year [1][7] - The production of automobiles reached 7.51 million units in the first quarter of 2025, marking a 12% year-on-year increase, with new energy vehicles (NEVs) accounting for a significant portion of this growth [6][7] Industry Performance - In March 2025, the automotive industry recorded revenues of 92.14 billion yuan, a 7% increase year-on-year, while profits fell by 28% to 3.27 billion yuan [1][7] - The overall sales profit margin for the automotive industry in 2024 was only 4.3%, significantly lower than historical averages [3][8] - The unit cost for the automotive industry remained stable in the first quarter of 2025, with a total unit income of 320,000 yuan and a unit profit of 13,000 yuan [1][4] Production and Sales Trends - The production of new energy vehicles in the first quarter of 2025 reached 316,000 units, a 45% increase year-on-year, with a penetration rate of 42% [6][7] - The total automotive production in 2024 was 31.56 million units, a 5% increase from the previous year, with NEVs showing a growth rate of 39% [6][7] - The automotive production in 2023 was 30.11 million units, reflecting a 9% year-on-year increase, with NEVs contributing to a 30% growth [6][7]

以下文章来源于新浪科技 ，作者努力码稿的小浪 新浪科技 . 一手掌握，科技"鲜"闻 本文来自微信公众号： 新浪科技 （ID：techsina） ，作者：罗宁，题图来自：视觉中国 今年上海车展，新能源车无疑是"重头"。 从目前的新车发布信息看，比亚迪、蔚来、理想、小鹏等品牌的新能源车型将陆续亮相，并通过各种营销赚足了眼球。但另有一批厂商，仍然在"捍 卫"着燃油车的发展之路。 就在车展开幕前，上汽通用总经理卢晓告诉新浪科技，未来燃油车肯定还有市场份额，至少还有25%以上。同时，不少车迷和潜在购车者，也在期待 诸如新款奥迪A5L、哈弗猛龙燃油版、坦克300柴油版等燃油车型。 但是，燃油车在国内的"大势"确实不容乐观——乘联会数据显示，中国市场3月新能源汽车渗透率达54.1%，"分水岭"已过且这一数据仍在增长。 正在举行的上海车展，新能源车已经烧起了"战火"，燃油车的"保卫战"亦在同时打响。 燃油车，仍是传统车企销量"大头" 新能源汽车市场的快速扩张，吸引了大量资本和企业的涌入。然而，这一领域的竞争异常激烈，行业马太效应十分明显。 比亚迪在宣布全面停止燃油车的同时，也宣布专注于纯电动和插电式混动两种技术，而由于其在电 ...

Core Viewpoint - CATL's 2024 annual report shows a significant decline in revenue for the first time since its IPO in 2018, with total revenue of 362 billion yuan, down 9.7% year-on-year, while net profit increased by 15% to 50.7 billion yuan, indicating a challenging market environment for the company [2][12]. Group 1: Financial Performance - The company's revenue decline is attributed to increased sales volume of lithium batteries but decreased prices, a trend seen across the industry [4]. - CATL achieved lithium-ion battery sales of 475 GWh in 2024, a year-on-year increase of 21.79%, with power battery sales at 381 GWh (up 18.85%) and energy storage battery sales at 93 GWh (up 34.32%) [5]. - Despite the revenue drop, CATL's gross margin improved from 19.19% in 2023 to 24.44% in 2024, showcasing effective cost reduction strategies [11]. Group 2: Market Trends - The penetration rate of new energy vehicles in China has approached 50%, indicating a mature market [3]. - The growth rate of CATL's power batteries has significantly slowed, dropping from 107.97% in 2022 to 18.85% in 2024, suggesting the company is nearing its growth ceiling [7]. - CATL's market share in the global energy storage battery sector has declined from 43.4% in 2022 to 36.5% in 2024, highlighting increasing competition [9]. Group 3: Future Outlook - The ability of CATL to return to revenue growth in 2025 hinges on the recovery of lithium battery prices, which are expected to remain under pressure due to supply exceeding demand [14][15]. - Projections indicate that the global lithium carbonate price may stabilize between 70,000 to 120,000 yuan per ton in 2025, with potential downward pressure on prices [16][19]. - Long-term growth concerns arise from competition as automakers begin to develop their own batteries, particularly solid-state batteries, which could challenge CATL's market dominance [23][25]. Group 4: Strategic Initiatives - CATL is investing in the construction of battery swap stations, with plans to build 1,000 by 2025 and a long-term goal of 30,000 stations, which could enhance its market position [29]. - The company holds significant cash reserves of 303.5 billion yuan, indicating potential for strategic investments or initiatives to bolster its competitive edge [28].

企业竞争图谱：2025年新能源汽车电池盒箱体 头豹词条 报告系列 2025-02-21 未经平台授权，禁止转载 摘要 新能源汽车电池盒箱体是新能源汽车电池Pack的"骨架"，汽车电池系统的载体。具有客户壁垒较高、随动力电池系统集成技术的开发而持续升级、与新能源汽车行业高度关 联等特点。受国家政策支持，新能源汽车渗透率不断提升，相关配套产业快速发展，新能源汽车电池盒箱体市场持续增长。未来，新能源汽车续航提升将推动汽车轻量化快 速发展，进一步促进电池盒箱体行业的发展。 行业定义 新能源汽车电池盒箱体是新能源汽车电池Pack的"骨架"，汽车电池系统的载体，需要同时具备安全性、保护性和密封性等特质，可有效抵挡 外部的冲击，承担着整个电池组的重量，为电池系统的正常工作提供安全的运行环境，是目前以锂离子电池为核心技术路线的新能源汽车必不可 少的关键组成部分，又称"电池托盘"、"电池包下壳体"等。 行业分类 新能源汽车电池盒箱体基于动力电池系统结构集成技术可分为CTM电池盒箱体、CTP电池盒箱体、CTC/CTB电池盒箱体。 基于动力电池系统结构集成技术的分类 CTM电池盒箱体、CTP电池盒箱体、CTC/CTB电池盒箱体 C ...

倒计时18天 2025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： 聚集新 技术 探索新工艺 随着订单增多，宁德时代正加大上游材料的布局。 主办单位： 起点锂电、起点研究院（SPIR） 活动时间： 2025年2月28日 活动地点： 深圳宝安登喜路国际酒店2楼国际厅 活动规模： 500+人 01 停产四个月重新复工 去年9月宁德时代江西锂矿按下暂停键，最早报道该消息的就是瑞银。 该平台在一份报告中指出，宁德时代限制产量原因是开采锂矿成本高于市场锂盐价格，采矿的 碳酸锂现金成本为10968美元/吨（不含税），或者是89000元/吨（含税）。 瑞银集团在当时也对国内媒体确认，确实向机构投资者发过关于产量限制的英文版报告。 在这则消息发布后，宁德时代也对外回应称，根据碳酸锂市场情况公司拟对宜春锂矿进行生产 调整。 当时有业内人士认为，彼时上游材料价格正在下跌，暂缓开矿是正常现象，符合市场预期，枧 下窝项目开采成本较高，在当时面临着压力。 起点锂电获悉，瑞银（UBS）近日表示，宁德时代位于江西的锂辉石矿产或将重新启动，信息 称矿山目前正在恢复运营，除此之外没有提供更多细节，但瑞银周五拒绝对此进行评 ...