Core Insights - The European automotive market is experiencing a significant shift towards hybrid vehicles, with plug-in hybrid electric vehicles (PHEVs) leading the growth, marking 2025 as a pivotal year for the industry [1][2][3] Group 1: Market Trends - In May 2025, the market share of hybrid vehicles (including HEVs and PHEVs) reached 43.3%, surpassing traditional fuel vehicles for the first time [1] - PHEV sales saw a robust year-on-year growth of 46.9%, nearly double the growth rate of battery electric vehicles (BEVs) at 25% [1] - The market share of pure electric vehicles is slowly increasing to around 15%, indicating a preference for hybrid solutions among European consumers [1] Group 2: Chinese Automakers' Performance - Chinese automotive brands achieved total sales exceeding 60,000 units in Europe in May 2025, marking an 85% year-on-year increase and a market share rise to 5.4%-5.9% from 2.9% [2][3] - BYD's registrations in the EU and UK surged by 397% in May, leveraging a strategy that combines pure electric and hybrid models to navigate impending tariffs on pure electric vehicles [2] - The export volume of Chinese PHEVs grew by 240% year-on-year in May 2025, significantly outpacing pure electric vehicle exports [3] Group 3: Strategic Shifts - Leading Chinese automakers are shifting focus from product exports to local production and ecosystem development in Europe [4] - BYD announced the establishment of its European headquarters in Hungary, with plans for manufacturing facilities to be operational by 2026-2027 [4] - A collaborative ecosystem for lithium battery production is emerging in Hungary, with major players like CATL and others establishing operations [4] Group 4: Competitive Landscape - European automakers are responding to the rise of hybrids by launching new generations of hybrid models, intensifying competition in the hybrid technology market [3] - Local manufacturers are introducing affordable pure electric models, with new entries priced between €15,000 and €30,000, which could stimulate consumer demand [6] - The market is transitioning into a post-subsidy era, presenting challenges in balancing production costs, supply chain resilience, and stringent carbon emission regulations [6]

Core Insights - Lubrizol has successfully launched a new hybrid system-specific lubricant product in collaboration with Jiangsu Longpan Technology Co., Ltd, a leading independent lubricant brand in China, showcasing its innovative technology's role in advancing the hybrid vehicle industry and low-carbon transition in China [1][3] - The new lubricant product is tailored to meet the unique requirements of hybrid systems, utilizing Lubrizol's latest PV1710 additive, which enhances core protection performance and overall product performance [3][4] - The partnership combines Lubrizol's innovation capabilities with Longpan Technology's market leadership, aiming to accelerate the transition of the automotive industry towards more efficient and low-carbon hybrid technologies [4] Company Overview - Lubrizol is a specialty chemicals company under Berkshire Hathaway, focused on providing sustainable solutions to improve mobility and enhance quality of life [5] - Established in 1928, Lubrizol operates globally with production facilities, sales, and technical offices, employing nearly 7,000 people and serving customers in over 100 countries [5]

Q&A Can you elaborate on the strategic integration of Zeekr and Lynk & Co brands and its impact on the company's performance in the first quarter of 2025? Since February, following the integration of Lynk & Co and Zeekr brands into Geely Group, significant progress has been made through various strategic initiatives. These include joint product research and development, upgrades to our manufacturing systems, enhanced user engagement, and stronger coordination across domestic and international channels. Thes ...

转自：前瞻产业研究院 行业主要上市公司：比亚迪(002594.SZ);理想(02015.HK);塞力斯(601127.SH);长安汽车(200625.SZ);长城汽车 (601633.SH);吉利汽车(00175.HK)等 本文核心数据：论文数量;发布机构;研究主题分布 1、定义 混合动力汽车(Hybrid Vehicle)从广义上说，是指车辆驱动系统由两个或多个能同时运转的单个驱动系统联合 组成的车辆，车辆的行驶功率依据实际的车辆行驶状态由单个驱动系统单独或共同提供。狭义混合动力汽车 是一种同时装备两种动力来源即热动力源(由传统的汽油机或者柴油机产生)与电动力源(电池与电动机)的汽 车，而本报告研究的是狭义上的混合动力汽车。随着环保意识的提高和燃油价格的上涨，混动车越来越受到 消费者的青睐，目前市场上的混动车主要分为三大类：插电式混合动力车(PHEV)、油电混合动力车(HEV)和 增程式电动车(REEV)。 2016-2024年，中国混合动力汽车领域相关论文数量整体呈现波动下降的趋势，2024年下降至272篇。总体来 看，近年来混合动力汽车领域的研究热度有所下降。 注：查询时间为2025年3月20日，下同。 ...