近年来，泰国投资者境外投资需求持续升温，尤其对配置中国资产展现出强烈热情。盘谷资管全球投资 管理部Anak Kittivat表示："我们一直密切关注中国市场。在泰国，中国相关投资策略在离岸产品中占据 相当大的比重。过去一段时间，境内外管理人的回报差异显著。与易方达基金的合作，体现了我们在泰 国市场持续拓展中国投资布局的承诺。我们相信，中国的结构性投资机遇依然集中在人工智能、可再生 能源、机器人及医疗健康等领域，这些板块的前景都十分值得期待。" 盘谷资管是泰国最大商业银行——盘谷银行（Bangkok Bank）的控股子公司，成立于1992年3月。作为 泰国领先的多元化投资管理平台，盘谷资管致力于为投资者创造卓越回报。2024年3月，盘谷资管在中 国率先与易方达基金签署了战略合作谅解备忘录，旨在为泰国乃至全球投资者提供更高效的中国资本市 场投资通道。2024年12月，盘谷资管旗下另一只FOF产品Bualuang China Equity Fund投资了易方达瑞恒 混合（001832）。此次新的FOF产品推出，标志着双方合作取得又一实质性进展。随着中国资本市场高 水平对外开放扩大，易方达基金也在加快推进全球化战略， ...

Domestic News - In the first seven months of 2025, China's machinery industry maintained a growth trend, with automotive manufacturing increasing by 10.9% and electrical machinery and equipment manufacturing growing by 11.9% [4] - The Ministry of Industry and Information Technology (MIIT) will orderly guide the construction of computing power facilities to enhance the quality of computing resource supply and promote the integration of technological and industrial innovation [5] - China has built the world's largest electric vehicle charging network, with a ratio of 2 charging piles for every 5 vehicles, and renewable energy generation capacity is expected to increase from 40% to around 60% [6] - Hangzhou's industrial added value reached 261.3 billion yuan in the first seven months, with significant growth in the computer communication and automotive manufacturing sectors, at 30.1% and 17.0% respectively [7] - SAIC Audi's smart manufacturing base has officially opened, with an annual production capacity of 360,000 units for Audi models [9] - Chery Group has reduced the average payment period for suppliers to 47 days, alleviating financial pressure on suppliers and promoting a healthy supply chain [10] - Dongfeng Motor Group (Wuhan) Investment Co., Ltd. has acquired a 55% stake in Dongfeng Motor, with no change in the actual controller [11] - Leap Motor's global strategic model, the Leap B10, has officially launched in Europe, with plans for delivery starting September 8, 2025 [12] Foreign News - Thailand's automotive production decreased by 11.39% year-on-year in July due to export demand uncertainties, marking the first decline in three months [14] - NVIDIA has launched the DRIVE AGX Thor developer kit to accelerate the design and deployment of autonomous vehicles and smart transportation solutions [15] - Hyundai Motor Group plans to increase its investment in the U.S. from $21 billion to $26 billion, including the establishment of a factory for advanced robotics [16] - Autonomous driving technology company Nuro has completed a $203 million Series E funding round, achieving a valuation of $6 billion [17] Commercial Vehicles - Dongfeng Motor is exploring extending its collaboration with Huawei into the commercial vehicle sector, focusing on smart connected vehicles [19] - South Africa's ESI company has officially rolled out its 10,000th North Benz heavy truck, marking a significant milestone in local production [20] - Kaiwo Group has officially unveiled its headquarters in Qinghai, showcasing electric vehicles equipped with advanced driver assistance systems [21] - XWANDA has launched the world's largest heavy-duty truck supercharging station, with a total installed capacity of 100,000 kW [22]

Core Viewpoint - Orsted, the world's largest offshore wind energy company, experienced a significant stock drop of over 18%, reaching a historic low, following a sudden work stoppage order from the U.S. government regarding a major offshore wind project due to national security concerns [1][2][3]. Group 1: Project Status and Financial Impact - The halted offshore wind project near Rhode Island was 80% complete, with 45 out of 65 wind turbines installed, and had a total investment of approximately $1.5 billion, expected to power around 350,000 homes by the end of 2026 [2]. - The U.S. Bureau of Ocean Energy Management issued the order to review the project, citing the need to address national security concerns, although specific details were not provided [2][3]. - Orsted is evaluating all options to resolve the situation, including potential legal action, as the stoppage directly impacts the project's timeline and financial recovery plans [2][3]. Group 2: Market Reaction and Future Financing - The stock price of Orsted fell sharply, with a drop exceeding 18% following the announcement of the work stoppage [3]. - The company plans to raise $9.4 billion through a share issuance to support its projects, despite the challenges posed by the U.S. government's actions [3]. - Analysts indicated that the work stoppage presents a significant obstacle to Orsted's fundraising efforts, potentially jeopardizing the success of the share issuance [3]. Group 3: Political Context and Industry Challenges - The Trump administration has been critical of renewable energy, halting all offshore and onshore wind project approvals since January, and has publicly stated that no new wind or solar projects will be approved [4][5]. - The U.S. government has tightened federal permitting policies for wind, solar, and hydro projects, which has raised concerns among industry stakeholders about the future of renewable energy development in the U.S. [5][6]. - The recent increase in energy prices across several states has been attributed to various factors, including extreme weather and increased demand, rather than solely the impact of renewable energy projects [5][6].

Core Viewpoint - The article highlights the significant achievements and developments in China's energy sector during the "14th Five-Year Plan" period, emphasizing high-quality energy development, increased electricity consumption, and advancements in renewable energy infrastructure. Group 1: Electricity Consumption and Supply - In July, China's electricity consumption exceeded 1 trillion kilowatt-hours for the first time, equivalent to Japan's total annual consumption [2] - Despite extreme weather conditions, China's energy supply remained stable, with no major power outages reported [2] - The energy supply capacity and resilience have reached a high level, ensuring reliable energy security [2] Group 2: Investment in Energy Infrastructure - Over the past five years, the central government has invested 25 billion yuan in rural power grid enhancement, leading to over 800 billion yuan in total investment in rural power networks [3] - Energy industrial investment has shown a steady increase, with an average annual growth rate exceeding 16% during the "14th Five-Year Plan" [9] - Renewable energy investments have become the dominant force in power investments, with over 80% of power investment in 2024 allocated to renewable energy projects [10] Group 3: Renewable Energy and Technological Advancements - China has established the world's largest electric vehicle charging network, with 1.67 million charging facilities, ten times the number at the end of the "13th Five-Year Plan" [11] - The share of renewable energy generation capacity has increased from 40% to approximately 60% [4] - New energy patents account for over 40% of the global total, with significant advancements in solar and wind energy technologies [5] Group 4: Market Dynamics and Energy Reform - The number of registered entities in the electricity market has reached 970,000, five times that of 2020, indicating increased market vitality [6] - Market transaction volumes have more than doubled, with market-based electricity transactions accounting for over 60% of total electricity consumption [12] - A comprehensive energy production, supply, storage, and sales system has been established, enhancing energy security and price stability [7][8]

26日举行的"高质量完成'十四五'规划"新闻发布会上，国家能源局局长王宏志说，"十四五"以来，我国能源事业取得了突破性进 展和历史性成就，"十四五"规划《纲要》提出的能源综合生产能力和非化石能源占比等主要指标将如期完成，14亿多人的能源 安全得到有效保障，绿色低碳发展举世瞩目，我国成为世界能源转型的重要推动者。这组海报，带你了解。 新华社权威速览 · 非凡 · 十 绿色低碳转型最快 新华社权威速览 · 非风 · " 能源改革持续深化 发展动能持续增强 新华社权威速览 · 非风 "十四五 能源科技创新取得更大突破 新能源专利数占全球4成以上 新型储能规模跃居世界第一 多个全球最大、全球首座工程建成投运 智能微电网、虚拟电厂等发展进入快车道 车网互动规模化应用试点加快推进 构建起全球最大、发展最快的可再生能源体; 可再生能源发电装机占比由40%提升至60%左右 全社会用电量中,每3度电就有1度绿电 累计为其他国家减少碳排放约41亿吨。 媒电、新能源全面人市 全部工商业用户进入市场 油气"全国一张网"初步建成 电力市场注册经营主体已达97万家,是2020年的5倍 绝大多数的光伏设备制造企业 和60%以上的风电整机制 ...

Core Viewpoint - During the "14th Five-Year Plan" period, China aims to establish the world's largest electric vehicle charging network, with a target of two charging stations for every five vehicles [1] Group 1: Electric Vehicle Infrastructure - China will build the largest electric vehicle charging network globally, achieving a ratio of 2 charging stations for every 5 electric vehicles [1] Group 2: Renewable Energy Development - The country is set to develop the largest and fastest-growing renewable energy system, increasing the share of renewable energy generation capacity from 40% to approximately 60% [1]

Core Insights - The "14th Five-Year Plan" marks the fastest period for China's green and low-carbon transition, with the country establishing the world's largest and fastest-growing renewable energy system [2] - The share of renewable energy generation capacity is expected to increase from 40% to around 60%, with annual new installations of wind and solar power surpassing 100 million and 200 million kilowatts respectively [2] - The proportion of non-fossil energy in total energy consumption is projected to exceed the 20% target set for the "14th Five-Year Plan," with coal's share decreasing by 1 percentage point annually [2] Energy Consumption Trends - In the overall electricity consumption, one-third is now green electricity, indicating a significant shift towards renewable sources [2] - The demand for electricity has rapidly increased due to advanced manufacturing industries, represented by electric vehicles, and digital industries, such as artificial intelligence and big data [2] - In 2024, electricity consumption for new energy vehicle manufacturing is expected to grow by 34.3%, while internet and related services will see a 20.5% increase [2] Structural Changes in Energy Production - The development of emerging industries has effectively increased the proportion of electricity in energy consumption, promoting a green transition in energy production structures [2]

Core Viewpoint - Vietnam is significantly expanding its power generation capacity and modernizing its electricity infrastructure to meet future energy demands, with a focus on renewable energy sources and advanced technologies [1] Group 1: Power Generation Capacity - According to the adjusted eighth power plan, Vietnam's total installed power capacity is expected to reach approximately 150,000 megawatts by 2030, nearly double the current capacity [1] - Renewable energy is projected to account for 36% of the total capacity by 2030, with an increase to 75% by 2050 [1] Group 2: Demand and Infrastructure Development - Peak load demand is anticipated to double by 2030 and increase to 4-5 times the current level by 2050 [1] - To accommodate this growth, the 220-500 kV transmission system must be expanded, with construction and renovation expected to be twice the current volume by 2030 [1] Group 3: Technological Advancements - The project emphasizes the need for investment in modern technologies such as nuclear power, Flexible AC Transmission Systems (FACTS), High Voltage Direct Current (HVDC), and Battery Energy Storage Systems (BESS) [1] - A modern control center capable of high-precision real-time monitoring of the power system is essential for integrating these advanced technologies and regional grid interconnections [1] Group 4: Project Details - The National Electricity and Northern Power Dispatch Center project is located in Hanoi, covering an area of 3,810 square meters, with a total construction area of over 39,000 square meters [1] - The total investment for the project is approximately 87 trillion Vietnamese Dong (around 33 million USD), with an expected completion date in 2028 [1]

Core Insights - During the "14th Five-Year Plan" period, China aims to establish the world's largest electric vehicle charging network, with a target of having 2 charging stations for every 5 electric vehicles [1] - China is set to build the largest and fastest-growing renewable energy system globally, increasing the share of renewable energy generation capacity from 40% to approximately 60% [1]

Core Insights - During the "14th Five-Year Plan" period, China aims to establish the world's largest electric vehicle charging network, with a target of having 2 charging stations for every 5 vehicles [1] - China is also set to build the largest and fastest-growing renewable energy system globally, increasing the share of renewable energy generation capacity from 40% to approximately 60% [1]