背靠陕汽集团，质子汽车B轮融资后欲IPO。有消息称，质子汽车正考虑赴港上市，计划募集资金约2亿 美元。7月25日，记者向质子汽车方面进行求证，对方以"目前不方便接受采访"为由婉拒。但据一位接 近质子汽车的知情人士向记者透露："他们（质子汽车）确实在推进IPO的准备工作。" 近期，《每日经济新闻》记者从一家投行的公开信息中获悉，新能源商用车企业质子汽车已完成数亿元 B轮融资。质子汽车股东信息显示，其控股股东为德创未来汽车科技有限公司（以下简称德创未来）， 而后者的控股股东正是陕西汽车集团股份有限公司（以下简称陕汽集团）。 质子汽车IPO计划的曝光，也揭开了陕汽集团一段曲折的冲刺资本市场之路。"陕汽集团整体上市计划 多年未有进展，推动包括质子汽车在内的各个子板块上市也是一种路径。"一位汽车证券分析师向记者 表示。 B轮融资金额不及预期 成立于2022年的质子汽车，在3年多的时间里实现了多轮融资。据天眼查信息，质子汽车的投资人股权 在2022年10月、2023年4月、2024年3月以及2025年4月进行过四次变更。 早在2023年10月，质子汽车与北京橙叶基金投资管理有限公司等签署B轮融资投资合作意向书，签约金 额 ...

7月23日，沪指涨0.01%，深成指跌0.37%，创业板指跌0.01%。沪深两市全天成交额1.86万亿，超4000只个股下跌。雅下水电、美容护 理、证券保险、CRO、银行、小金属板块涨幅居前;海南、军工、特高压、水泥等下跌。 焦点股方面，上纬新材断板，市场连板高度降至4连板的南矿集团。水电站概念股筑博设计20CM3连板，深水规院20CM3连板。盾构机 概念股恒立钻具30CM3连板，铁建重工20CM3连板。 下面我们来看下今日龙虎榜情况： 龙虎榜单日净买入额前三为雪人集团、凯龙股份、青云科技，分别为2.44亿元、1.34亿元、9791.24万元。 龙虎榜单日净卖出额前三为天山股份、中国电建、兰生股份，分别为2.95亿元、2.20亿元、1.50亿元。 龙虎榜中涉及机构专用席位的个股中，当日净买入额前三为天山股份、上峰水泥、青云科技，分别为6008.05万元、5309.97万元、 4872.49万元。 龙虎榜中涉及机构专用席位的个股中，当日净卖出额前三为中国电建、国电南自、技源集团，分别为3.33亿元、9339.30万元、9260.73 万元。 部分榜单个股题材： 雪人集团(雅下水电概念+可控核聚变+氢燃料电池) ...

每经记者｜裴健如 每经实习编辑｜余婷婷 丨 2025年7月18日 星期五 丨 NO.1 两部门：调整超豪华小汽车消费税政策 7月17日消息，财政部、国家税务总局发布关于调整超豪华小汽车消费税政策的公告。此次政策调整的 核心内容涉及征收范围的重新界定，超豪华小汽车征收范围调整为"每辆零售价格90万元（不含增值 税）及以上的各种动力类型（含纯电动、燃料电池等动力类型）的乘用车和中轻型商用客车"。对纯电 动、燃料电池等没有气缸容量（排气量）的超豪华小汽车仅在零售环节征收消费税。对纳税人销售二手 超豪华小汽车，不征收消费税。相关调整措施将于7月20日正式实施。 点评：此次超豪华小汽车消费税征收门槛从130万下调至90万元，直接扩大了政策覆盖面，对宾利、劳 斯莱斯等超豪华品牌在华销售可能形成价格压力。从中长期看，政策调整或引导车企重新定位产品价格 体系，对豪华车市场格局产生结构性影响。 NO.2 35万元起，理想i8开启预订 7月16日，Stellantis集团宣布决定终止其氢燃料电池技术开发项目。由于氢燃料加注基础设施的匮乏、 高资本投入性以及对更强的消费者购买激励措施，集团预计氢燃料动力轻型商用车在2030年之前将 ...

Domestic News - The Ministry of Foreign Affairs emphasizes that there are no winners in a tariff war and that coercion cannot resolve issues, advocating for dialogue and negotiation as the only viable solution to crises [2] - Chongqing's Economic and Information Commission is soliciting opinions on the "Chongqing Intelligent Connected New Energy Vehicle Industry Chain 'Yuchain Zhiyuan' Action Plan (2025-2027)", aiming to encourage leading companies in various sectors to accelerate investment and mergers, with a target of adding over 5 new listed companies in the smart connected new energy vehicle sector by 2027 [2] - Chongqing plans to support the large-scale demonstration application of hydrogen fuel cell vehicles, offering subsidies for hydrogen stations and operational support for those meeting specific pricing criteria [3] - From July 1-13, the national retail sales of new energy passenger vehicles reached 332,000 units, a year-on-year increase of 26%, with a cumulative retail of 5.801 million units in 2023, up 33% year-on-year [4] International News - Stellantis has decided to abandon its hydrogen fuel cell vehicle project, citing that hydrogen-powered light commercial vehicles are unlikely to become mainstream before the end of this decade [5] Corporate News - XPeng Huitian has completed a $250 million Series B financing round to expedite the development and mass production of its flying car, with plans for the first production facility to be completed by Q4 2023 and mass delivery expected in 2026 [10] - BYD has announced the launch of a car-to-phone connectivity feature across all its brands, compatible with major domestic smartphone brands [12] - China FAW and Alibaba have established a joint laboratory to develop a large model for the automotive industry, focusing on optimizing computing architecture and data governance [14]

Group 1 - The article discusses the patent application by Seres Automotive for an automatic sensing vehicle trash can, which simplifies usage by eliminating the need for manual operation [1] - Ford Motor Company is recalling nearly 700,000 vehicles in the U.S. due to potential fuel injector failures that could lead to fuel leaks and increased fire risk [2] - BMW's 7 Series is set to undergo a mid-cycle refresh, featuring redesigned split headlights and a full-width tail light bar, enhancing its luxury design [3] Group 2 - Stellantis has decided to abandon its hydrogen fuel cell vehicle project, citing limited infrastructure and high capital requirements as key reasons for this decision [4] - The company will not proceed with the production of its new hydrogen-powered Pro One series trucks, originally planned for mass production in France and Poland [4]

Core Viewpoint - Stellantis has decided to abandon its hydrogen fuel cell technology development plan, citing the lack of infrastructure and high capital requirements as key reasons for this decision [1] Group 1: Company Decision - Stellantis will stop the development of hydrogen-powered light commercial vehicles, predicting that such vehicles will not become mainstream before the end of this decade [1] - The company will not launch its new hydrogen-powered Pro One series vans, which were scheduled for mass production in France and Poland this year [1] - Employees at the production facilities will not be affected by this decision, and the research resources allocated to hydrogen technology will be redirected to other projects [1] Group 2: Industry Context - The limited hydrogen fuel infrastructure and the need for stronger consumer incentives were highlighted as significant barriers to the adoption of hydrogen-powered vehicles [1]

Core Viewpoint - Stellantis has suspended its hydrogen fuel cell technology development plan, indicating a strategic shift in its approach to alternative energy sources [1] Group 1: Company Actions - Stellantis has decided to halt its investment in hydrogen fuel cell technology, which was previously seen as a key component of its future energy strategy [1] - The company is likely to redirect its focus and resources towards other alternative energy solutions, such as battery electric vehicles [1] Group 2: Industry Implications - The suspension of hydrogen fuel cell development by Stellantis may reflect broader industry challenges and uncertainties surrounding the viability and commercialization of hydrogen technology [1] - This decision could influence other automakers' strategies regarding hydrogen fuel cells, potentially leading to a reevaluation of investments in this area across the automotive sector [1]

市场消息：斯泰兰蒂斯(STLA.N)中止氢燃料电池技术发展计划。 ...

Group 1 - The core point of the news is that FAW Jiefang Automobile Co., Ltd. has applied for a patent related to a hydrogen fuel cell vehicle's braking energy recovery method and system, indicating a focus on innovative vehicle technology [1] - The patent application was filed on April 2025, and the public announcement number is CN120245735A, showcasing the company's commitment to advancing hydrogen fuel technology [1] - The patent describes a method that includes real-time monitoring of vehicle status, determining if the vehicle is braking, and utilizing a regenerative braking module to convert braking energy into electrical energy for the power battery [1] Group 2 - FAW Jiefang Automobile Co., Ltd. was established in 2002 and is located in Changchun City, primarily engaged in the automotive manufacturing industry [2] - The company has a registered capital of 1,080,301.25 million RMB and has made investments in 23 enterprises, indicating a significant presence in the automotive sector [2] - The company has participated in 5,000 bidding projects and holds 5000 patent records, reflecting its active role in innovation and development within the industry [2]

Summary of Plug Power Investor Update Conference Call Company Overview - **Company**: Plug Power Incorporated - **Industry**: Hydrogen fuel cell sector Key Points and Arguments Legislative Developments - The recent legislation provides a **30% investment tax credit** for qualified fuel cell property starting construction between 2026 and 2032, without zero emissions requirements or foreign component sourcing restrictions [5][6][12] - The **production tax credit for clean hydrogen** has been extended through the end of 2027, allowing projects to commence construction before 2028 [7][8][12] - The clarity in policy allows Plug Power to make long-term decisions confidently, enhancing the sustainable hydrogen ecosystem [6][12] Business Impact - The new legislation enables Plug Power to sequence hydrogen plant build-outs effectively, avoiding rushed construction to meet arbitrary deadlines [9][12] - Strong momentum is noted in the electrolyzer business, with the extension of the 45D credit providing a clear path for customers to pair technology with green hydrogen projects [10][12] - The company anticipates growth in material handling due to the clarity of the tax credits, which will allow customers to utilize various types of hydrogen [15][16] Financial Considerations - Plug Power is working on monetizing tax credits more efficiently, with plans to sell off credits from projects in Georgia and Louisiana [20][22] - The certainty provided by the new legislation is expected to attract more participants interested in purchasing tax credits, enhancing cash flow considerations [21][22] International Opportunities - Plug Power is actively exploring international markets, particularly in Europe, Australia, and Central Asia, with significant projects in the pipeline [37][40][41] - The company has secured a **$432 million grant** for a project in Australia and is looking at additional funding opportunities [38][41] Market Positioning - The company emphasizes its competitive advantage due to the lack of sourcing restrictions that affect energy storage, allowing faster movement in the market [11][12] - Plug Power's focus on American-made products positions it favorably against competitors reliant on foreign components, particularly in the material handling sector [81][82] Future Outlook - The company expects to commence construction of its Texas plant by the end of the year, with potential for additional plants in 2026 and 2027 based on market demand [55][82] - The management is optimistic about achieving gross margin neutrality by the end of the year and becoming EBITDA positive by the end of the next year [66][67] Additional Important Content - The call highlighted the importance of both **Section 48E** and **Section 45B**, with Section 48E being crucial for fuel usage and competitive positioning against lithium batteries [80][81] - Discussions around regional hydrogen hubs indicate a mixed focus on both green and blue hydrogen projects, with ongoing efforts in West Virginia [70][72] This summary encapsulates the critical insights from the Plug Power Investor Update Conference Call, focusing on legislative impacts, business strategies, financial considerations, international opportunities, market positioning, and future outlook.