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商业秘密|可控核聚变开启行业元年,中国企业逐鹿商用化
Di Yi Cai Jing· 2025-11-16 08:17
国内核聚变正在掀起新一轮行业竞速。 被称为"人造太阳"的可控核聚变今年屡登资本市场热门榜,年初至今,可控核聚变指数涨幅超过60%,已为投资者带来可观回报,二级市场甚至出现"沾核 就涨"的现象。 "行业投资氛围明显变了。"国内首批成立的核聚变创业公司瀚海聚能投资部负责人告诉第一财经记者,之前他们要花大力气寻找投资人,解释什么是可控核 聚变。今年不少投资人主动来找他们,有的甚至直接明确投资意向,谈判更为顺畅。 国内首轮创业潮始于2022年的核聚变,为何今年打破沉寂?国家队大项目与初创公司并排跑,将带来怎样的市场想象空间?在行业"永远50年"魔咒下,商业 公司如何能让资本耐心等? 中国聚变元年 实现核聚变永远还有50年,是业内公开的玩笑话。这一说法恰恰反映出其研发的历史困境:基础科学突破缓慢、工程复杂度高、资金投入周期长。但如今, 多名行业人士在接受第一财经记者采访时却表示,无论从技术突破、政策支持,还是投资氛围来说,今年都堪称核聚变元年,曙光近在前方。 招商证券指出,核聚变作为国家能源安全与科技自主可控的战略制高点,产业化进程加速从实验验证迈向工程示范,行业将步入"多路线竞速+资本共振"新 阶段。 面对新局势,行 ...
丰田汽车(TM.US)战略转型:RAV4将采用全混合动力,关税风险成最大变数
智通财经网· 2025-05-21 07:05
Group 1 - Toyota has announced the discontinuation of the gasoline version of its best-selling RAV4 in the U.S. market, with the new generation only offering hybrid and plug-in hybrid versions, marking a significant step in its electrification strategy [1][4] - The current RAV4 hybrid model is a top seller among dealers, with a starting price of $32,300, only $3,000 more than the gasoline version, indicating strong consumer demand for hybrid vehicles [1] - In Q1 of this year, the sales share of electrified models from Toyota and Lexus in the U.S. reached 53%, a significant increase from 37% in the same period last year, highlighting the growing demand for hybrid vehicles [1] Group 2 - The new RAV4 will be the first model to feature the Arene operating system developed by Woven by Toyota, integrating advanced driver assistance and smart cockpit functions [4] - The RAV4's electrification will directly impact competitors like Honda CR-V and Nissan Rogue, which rely on overseas production, as Toyota maintains a diversified production strategy [4] - Despite the shift towards electrification, Toyota will continue to utilize its current 2.5L engine platform in other models, indicating a balanced approach to technology [4] Group 3 - Analysts view Toyota's strategic adjustment as a response to the surge in hybrid demand and a proactive measure against trade policy uncertainties, providing a new model for industry transformation [5] - Currently, 80% of Toyota's models available in the U.S. offer electric options, and the addition of a third pure electric vehicle model next year aims to address previous criticisms regarding its pace of electrification [5]