摘要 锂电产业链随着车企竞争演变正在分一杯羹。 1-8月，新能源汽车销量排名前十五位的集团销量合计为914.6万辆，同比增长39%，占新能源汽车销 售总量的95.1%，高于上年同期1.5个百分点。 新能源车企呈现头部稳守，TOP10后车企快速突围的格局。 TOP 3 新能源车企中，吉利1-8月销量同比增长101.3%，其大众品牌吉利银河以及高端品牌极氪的增 长都进一步巩固了吉利在新能源汽车中的地位。目前，吉利已将2025年全年销量目标上调至300万 辆，较原目标上调11%。 值得注意的是，吉利的销量大增也带动其电池配套企业吉曜通行跻身动力电池装车量前十。1-8月，吉 曜通行装车量为8.21GWh，占比达到1.97%，比去年同期提升0.66百分点。 作为吉利内部整合的电池厂，吉曜通行规模与吉利汽车未来扩展的步伐紧密相连，未来两年，吉利自有 电芯的自供比例将提升至三成，吉曜通行也预计2027年电池产能达到70GWh、 同时与新能源汽车强相关的电池企业在维持二超多强的格局下市场份额也正在洗牌。 1-8月，我国动力电池累计装车量417.9GWh, 累计同比增长43.1%。排名前2家、前5家、前10家动 力电池企业动力 ...

Core Viewpoint - NIO is set to supply batteries to McLaren, utilizing its self-developed 4680 large cylindrical battery cells, with small-scale production expected to begin next year for use in McLaren's hybrid models [1][5]. Group 1: Partnership and Investment - CYVN Holdings, an Abu Dhabi government fund, completed its acquisition of McLaren and plans to integrate its UK operations, which includes managing McLaren's core business and its investments in electric vehicle startups [3]. - CYVN has invested a total of $3.3 billion (approximately 237.1 billion RMB) in NIO, becoming its largest shareholder with about 20.1% ownership [5]. - The partnership between NIO and McLaren is expected to benefit from CYVN's strategic investment, providing access to advanced technologies and expertise in electrification [5]. Group 2: Battery Development - The new 4680 cylindrical battery will be a novel project for NIO, with specifications similar to Tesla's solutions, and is expected to have a capacity of 10 kWh for McLaren's hybrid models [5]. - NIO's battery research department has seen a significant reduction in projects and personnel, with a 40% workforce cut, leading to the shelving of plans for self-developed battery cells for its flagship models [7][8]. - Despite the downsizing, NIO has not completely abandoned its self-developed battery initiatives, as evidenced by the launch of its first model under the Firefly brand equipped with its own battery pack [8].