中新网海口9月29日电(记者王子谦)新能源汽车是全球汽车产业转型升级、绿色发展的主要方向，全球 化协同是行业大趋势。海南并非中国新能源汽车主要产地，但借助全岛封关重大机遇，正在构建中外汽 车产业深度融合的独特平台。 在本届大会上，海南官方清晰描绘了新能源汽车产业发展的自贸港路径：建设全球新能源汽车整车及零 件展贸与交易基地、售后配件转运与售后服务支撑基地、面向国际市场特别是热区市场的汽车适配标定 与测试基地，推动设立"供应链数据平台"和"供应链跨境交易平台"，构建以海南为中心，辐射主要海外 市场的展贸与交易网络，建设中国汽车产业出海重要基地。 在中国汽车工程学会理事长张进华看来，海南可利用与东南亚等市场地理相近、气候相似的天然优势， 作为展示、测试和适应改进产品的重要基地，"将成熟的智能网联技术、产品和商业模式带到东南亚国 家等新兴市场。" 看好封关后的开放优势，越来越多的企业布局海南。在本次大会上，海南省与宁德时代等企业签约5个 项目，签约总额超过30亿元人民币。 宁德时代换电业务网络发展总监曲国俊说，企业将与海南共建换电新能源汽车和电池全生命周期的管理 生态，推动跨行业标准协同和国际互认；探索与国际接轨的 ...

Core Insights - The 2025 World NCAP Conference will be held in Shanghai from October 15-17, marking a significant event for the global automotive safety industry [3] - China's automotive industry has evolved from a "standard follower" to a "rule participant," showcasing its transformation and innovation-driven growth [4][9] - The C-NCAP has developed a comprehensive evaluation system that includes safety, intelligence, and sustainability, reflecting the industry's progress towards a more proactive safety approach [5][10] Industry Developments - The C-NCAP has been recognized internationally, receiving dual accreditation from Euro NCAP and ASEAN NCAP, and is actively collaborating with Latin NCAP [4] - The 2024 version of C-NCAP will enhance occupant protection testing and introduce virtual assessment technologies, marking a significant upgrade in testing methodologies [4] - China's new energy vehicle production reached 12.888 million units in 2024, with a sales volume of 12.866 million units, achieving a penetration rate exceeding 40% [6] Global Positioning - The conference will address critical topics such as the role of NCAP in enhancing vehicle safety and fleet safety from a global perspective [5] - China's automotive industry is positioned as a leader in the global market, contributing 70% of global power battery capacity and 50% of new energy vehicle patents [6] - The C-NCAP's evolution reflects China's advancements in automotive safety technology, transitioning from learning from international standards to contributing its own innovations [9][10]

华源证券认为，我国智能驾驶呈现技术持续迭代升级，向高阶发展并加速普及，产业链上下游协同发 展，政策法规日益完善，"车路云一体化"推进，多方协作构建产业生态的趋势。 具体到投资方面，华源证券提到，经过梳理发现北交所中有11家企业属于智能驾驶产业链，分别为开特 股份（汽车传感器等）、奥迪威（敏感元器件和传感器等）、创远信科（无线通信与射频微波测试仪 器）、建邦科技（汽车后市场非易损零部件）、万源通（印制电路板）、路桥信息（交通行业信息化解 决方案）、立方控股（人员和车辆管理整体解决方案）、微创光电（高速公路监控信息化产品）、云星 宇（智慧交通系统集成业务）、汉鑫科技（信息系统集成的解决方案提供商）、莱赛激光（激光测量仪 器）。 【环球网财经综合报道】日前，商务部等八部门联合发文促进数字消费，从丰富数字消费领域供给、培 育壮大数字消费经营主体、优化数字消费支撑体系以及营造数字消费良好环境等4方面提出14项任务举 措。其中提出，开展智能网联汽车准入和上路通行试点，鼓励有条件的地区有序发展无人机支线运输和 末端配送业务。 对此华源证券发布研究报告指出，《方案》重点提到，推动智能网联技术产业化应用，深入开展"车路 云一体 ...

Policy and Market Trends - The Ministry of Industry and Information Technology and eight other departments issued a plan aiming for approximately 32.3 million vehicle sales in 2025, a year-on-year growth of about 3%[7] - The plan emphasizes the core position of intelligent development and promotes the industrial application of intelligent network technology, including the approval of L3 level vehicles for conditional autonomous driving[13] Industry Analysis - The market for automotive-grade SoC (System on Chip) in China is projected to reach 38.1 billion yuan in 2024, representing a year-on-year growth of 42.7%[26] - SoC chips have become the mainstream intelligent driving chips due to their enhanced computing power and data transmission efficiency, addressing the challenges faced by traditional MCU chips[21] Stock Performance - The median price change for technology growth stocks on the Beijing Stock Exchange was -1.84% from September 15 to September 19, 2025, with 43 companies (28%) experiencing an increase[45] - Notable gainers included Kaiter Co. (+33.76%), Anhui Phoenix (+19.99%), and Tianhong Lithium (+19.11%) during the same period[45] Valuation Metrics - The median TTM (Trailing Twelve Months) P/E ratio for the automotive industry increased by 2.96% to 38.2X, while the electronic equipment industry saw a decrease from 63.1X to 60.7X[45] - The median market capitalization for the automotive industry rose from 22.1 billion yuan to 22.6 billion yuan[45] Company Developments - Kaiter Co. specializes in automotive sensors and has a market capitalization of 7.728 billion yuan with a TTM P/E ratio of 47.65[44] - Aweit intends to establish a wholly-owned subsidiary in Anhui Province with a registered capital of 30 million yuan[39]

Report Summary 1. Investment Rating The provided content does not mention the industry investment rating. 2. Core Viewpoints - The automotive industry is undergoing a transformation from scale - expansion to value - creation, with anti - involution as the underlying logic. In the short term, industry supervision will focus on preventing behaviors such as below - cost dumping, shoddy workmanship, and excessive promotion. However, it is difficult to immediately stop price cuts or raise car prices due to factors like scale effects, technological upgrades, raw material price drops, intense competition, and consumer behavior changes [31]. - The new energy vehicle industry is expected to continue growing, driven by public - domain and county - level market expansion, old - for - new subsidy policies, and the industrialization of intelligent and connected vehicle technologies [2][20][23]. 3. Summary by Directory 3.1 《汽车行业稳增长工作方案（2025—2026年）》 - **Sales Targets in 2025**: The target is to achieve annual vehicle sales of about 32.3 million, a year - on - year increase of about 3%, with new energy vehicle sales reaching about 15.5 million, a year - on - year increase of about 20%. The auto export is expected to maintain stable growth, and the added value of the automotive manufacturing industry is expected to increase by about 6% year - on - year. Compared with the initial forecast, the new energy vehicle sales target has been slightly adjusted down by 500,000 units [2][8]. - **Current Sales Performance**: From January to August 2025, the cumulative vehicle sales were 21.128 million, a year - on - year increase of 12.6%, completing 65.4% of the annual target. The cumulative new energy vehicle sales were 9.62 million, a year - on - year increase of 36.7%, completing 61.9% of the annual target. The sales growth rate has slowed down since August due to the high base from the previous year [9]. - **Growth Drivers**: - Public - domain and county - level markets will bring incremental demand. The plan aims to promote over 700,000 new energy vehicles in public - domain transportation in 25 pilot cities [13]. - Old - for - new subsidy policies have been optimized in 2025 compared to 2024, but some regional subsidies have been adjusted since mid - 2025 [20]. - The industrialization of intelligent and connected vehicle technologies, with the conditional approval of L3 - level vehicle mass production, will stimulate potential consumer demand [23]. 3.2 《汽车整车企业供应商账款支付规范倡议》 - **Key Operational Standards**: It defines the standards for order confirmation, delivery acceptance, payment settlement, and contract terms. For example, vehicle manufacturers should complete acceptance within 3 working days, and the payment period should not exceed 60 natural days from the date of acceptance. It encourages cash or bank acceptance bill payments, especially for small and medium - sized suppliers, and advocates long - term stable cooperation with contract validity of at least one year [3][24]. - **Background and Significance**: The automotive industry is experiencing price cuts (about 15% in the overall market, 20% for fuel vehicles, and 8% for new energy vehicles), and the industry's profit margin has declined to 4.3% in 2024. Vehicle manufacturers have transferred cost pressure to suppliers. The initiative aims to build a positive cycle of "quality - cost - price" and a collaborative ecosystem of "vehicle - parts" [25]. 3.3 Summary and Thinking - **Industry Transformation**: The automotive industry is shifting from scale - driven to value - driven growth. In the short term, industry supervision will focus on preventing unfair competition, but it is difficult to immediately change the price - cut trend due to various factors [31]. - **Market Incentive Policies**: - Loan interest subsidies are available for personal consumer loans from September 1, 2025, to August 31, 2026, with an annual interest subsidy rate of 1 percentage point, capped at 50% of the loan contract interest rate [35]. - New energy vehicle purchase tax exemptions will be phased out. They are fully exempted from January 1, 2024, to December 31, 2025, and halved from January 1, 2026, to December 31, 2027 [36][38].

Report Summary 1. Industry Investment Rating - No investment rating information is provided in the report. 2. Core Viewpoint - The market sentiment is negative due to CATL's meeting related to the resumption of lithium mines. There is a discussion about whether eight major mines will shut down simultaneously on September 30. Fundamentally, if they shut down, the impact on the total supply will be limited as other sources can supplement. Emotionally, it will stimulate the bullish sentiment in the market. In the short - term, the futures price is expected to fluctuate, and attention should be paid to the end - of - month time node [2]. 3. Summary by Related Content Lithium Compound Prices - SMM battery - grade lithium carbonate average price is 72,450, with a change of 3,000; SMM industrial - grade lithium carbonate average price is 70,200, with a change of 0 [1]. Lithium Ore Prices - Lithium spodumene concentrate (CIF China) average price is 848, with a change of 0; lithium mica (Li₂O: 1.5% - 2.0%) price is 1075, (Li₂O: 2.0% - 2.5%) price is 1775; phospho - lithium - aluminum stone (Li₂O: 6% - 7%) price is 5975, (Li₂O: 7% - 8%) price is 7065 [1][2]. Futures Contract Prices - Carbonate lithium 2510 closing price is 72,520, with a 2.28% increase; 2511 closing price is 72,680, with a 2.31% increase; 2512 closing price is 72,880, with a 2.3% increase; 2601 closing price is 72,880, with a 2.36% increase; 2602 closing price is 72,660, with a 1.99% increase [1]. Positive Electrode Material Prices - Lithium iron phosphate (power type) average price is 33,375; ternary material 811 (polycrystalline/power type) average price is 146,450; ternary material 523 (single - crystal/power type) average price is 119,450; ternary material 613 (single - crystal/power type) average price is 123,950 [2]. Inventory Information - Total inventory (weekly, tons) change is - 1580, with a current value of 138,512; registered warehouse receipts (daily, tons) change is 338, with a current value of 38,963; smelter inventory (weekly, tons) change is - 3262, with a current value of 36,213; downstream inventory (weekly, tons) change is 3072, with a current value of 58,279; other inventory (weekly, tons) change is - 1390, with a current value of 44,020 [2]. Profit Estimation - Profit from purchasing lithium spodumene concentrate externally is - 3379; profit from purchasing lithium mica concentrate externally is - 7008 [2]. Price Difference - The difference between battery - grade and industrial - grade lithium carbonate (FOF) is 2250; the difference between battery - grade lithium carbonate and the main contract is - 230; the difference between the near - month and the first - continuous contract is - 160; the difference between the near - month and the second - continuous contract is - 360 [2]. Policy Information - Eight ministries and commissions including the Ministry of Industry and Information Technology issued the "Automobile Industry Steady Growth Work Plan (2025 - 2026)", aiming to promote the industrialization of intelligent and connected technologies, standardize the competition order in the automobile industry, and more [2].

国标落地倒计时，预制菜概念爆发 沪深京三市半日成交额1.52万亿元，较上日缩量1468亿元。全市场2000超只个股上涨。 9月15日，罗永浩与西贝餐饮的"预制菜纷争"余波未平，但资本市场已做出反应。同花顺（300033）数 据显示，预制菜指数涨1.63%，得利斯（002330）开盘涨停，国联水产（300094）涨超7%，多股涨超 3%。 9月15日，A股三大指数震荡上涨。 截至上午收盘，上证指数早盘上涨8.69点，涨幅为0.22%，报收3879.29点；深证成指上涨137.73点，涨 幅为1.07%，报收13061.86点。创业板指上涨64.26点，涨幅为2.13%，报收3084.68点，盘中一度突破 3100点。 天眼查专业版数据显示，截至目前我国现存在业、存续状态的预制菜相关企业超7.4万家。其中，2025 年截至目前新增注册相关企业约9500余家，从企业注册数量趋势来看，2020年以前预制菜相关企业的注 册数量逐年增长，在2021-2022年相关企业的注册数量有所降低。但自2023年起逐渐开始回升，并于 2024年达到企业注册数量顶峰，相关企业数量超1万余家。 广东省食品安全保障促进会副会长朱丹蓬向21 ...

Group 1 - The core viewpoint of the article is the release of the "Automobile Industry Stabilization Growth Work Plan (2025-2026)" by the Ministry of Industry and Information Technology and other departments, aiming for automobile sales of approximately 32.3 million units in 2025, representing a year-on-year growth of about 3% [1] - The plan emphasizes expanding domestic consumption as a key strategy, with initiatives including the promotion of over 700,000 new energy buses and logistics vehicles in 25 pilot cities for electric vehicles, and the implementation of tax reductions for new energy vehicle purchases [3] - The plan also supports the replacement of old vehicles with new ones, encourages the expansion of the aftermarket, and suggests optimizing purchase restrictions in regions with such policies [3] Group 2 - The plan positions intelligent development at its core, focusing on the industrial application of intelligent connected technology and the construction of networked infrastructure and cloud control platforms [5] - It encourages the production approval of L3 level vehicles, which are conditionally automated driving cars, and aims to improve safety and insurance regulations [5] - The article mentions a new grading system for intelligent driving capabilities introduced by the China Automotive Engineering Research Institute, which categorizes intelligent driving into three levels based on technological maturity [9]

工业和信息化部等八部门近日联合印发《汽车行业稳增长工作方案(2025—2026年)》，提出2025年，力 争实现全年汽车销量3230万辆左右，同比增长约3%，其中新能源汽车销量1550万辆左右，同比增长约 20%。 工作方案提出的主要目标还包括，2025年，汽车出口保持稳定增长，汽车制造业增加值同比增长6%左 右。2026年，行业运行保持稳中向好发展态势，产业规模和质量效益进一步提升。 工作方案从扩大国内消费、提升供给质量、优化发展环境、深化开放合作等4个维度，提出15条工作举 措及3方面保障措施，相关的细化措施60余项。 "出台工作方案是为了在良好基础上，坚持问题导向、目标导向，远近结合、综合施策，努力实现汽车 行业经济发展主要预期目标。"工业和信息化部装备工业一司有关负责人表示，工作方案从供需两端发 力，推动汽车行业实现质的有效提升和量的合理增长。 在需求侧，加快新能源汽车全面市场化拓展，进一步加大力度促进汽车消费，推动智能网联技术产业化 应用。明确推动25个试点城市新增推广城市公交、出租、物流配送等领域新能源汽车70万辆以上;推进 智能网联汽车准入和上路通行试点，有条件批准L3级车型生产准入，推动道路交 ...

据公众号"工信微报"9月13日消息，工业和信息化部、公安部、财政部、交通运输部、商务部、海关总署、市场监 管总局、国家能源局等八部门近日联合印发《汽车行业稳增长工作方案（2025—2026年）》（下称《工作方 案》）。 《工作方案》提出，2025年力争实现全年汽车销量3230万辆左右，同比增长约3%，其中新能源汽车销量1550万辆 左右，同比增长约20%；汽车出口保持稳定增长；汽车制造业增加值同比增长6%左右。2026年行业运行保持稳中 向好发展态势，产业规模和质量效益进一步提升。为实现上述目标，《工作方案》从扩大国内消费、提升供给质 量、优化发展环境、深化开放合作等4个维度，提出了加快新能源汽车全面市场化拓展、进一步加大力度促进汽车 消费、推动智能网联技术产业化应用等15条工作举措，以及加强统筹协调、强化运行监测、加强人才培养等3条保 障措施，相关的细化措施60余项。 《工作方案》还提出，进一步规范汽车产业竞争秩序。落实国务院常务会议部署，坚持远近结合、综合施策，切 实规范产业竞争秩序。加强成本调查和价格监测，强化产品生产一致性监督检查，督促重点车企落实好支付账期 承诺。发挥"重点车企践行账期承诺问题（建议 ...