香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 濰柴動力股份有限公司 WEICHAI POWER CO., LTD. （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：2338） 自願性公告 本公告乃濰柴動力股份有限公司（「本公司」，連 同 其 附 屬 公 司，統 稱 為「本集團」） 自 願 作 出。 於2025年11月5日，本 公 司 與 本 公 司 参 股 公 司Ceres Power Holdings plc（「希鋰斯」） 簽訂一項製造許可協議（「許可協議」），根 據 該 協 議，本 集 團 擬 建 立 應 用 於 固 定 式 發 電 市 場 的 電 池 和 電 堆 生 產 產 綫，部 分 關 鍵 部 件 由 希 鋰 斯 供 應，產 品 將 為AI 數 據 中 心、商 業 樓 宇 及 工 業 園 區 等 場 景 提 供 電 力。 上 述 許 ...

Core Viewpoint - Weichai Power (000338.SZ) has signed a manufacturing license agreement with its associate company Ceres Power Holdings plc to establish a production line for batteries and stacks aimed at the stationary power generation market [1] Group 1 - The production line will supply power for AI data centers, commercial buildings, and industrial parks [1] - Key components for the production will be supplied by Ceres Power [1]

Core Viewpoint - Weichai Power (000338.SZ) has signed a manufacturing license agreement with its associate company Ceres Power Holdings plc to establish a production line for batteries and stacks aimed at the stationary power generation market [1] Group 1 - The agreement is set to be executed on November 5, 2025 [1] - Key components for the production will be supplied by Ceres Power [1] - The products will provide power for AI data centers, commercial buildings, and industrial parks [1]

Core Viewpoint - Weichai Power (000338) has signed a manufacturing license agreement with its associate company Ceres Power Holdings plc to establish a production line for batteries and stacks aimed at the stationary power generation market [1] Group 1 - The agreement was signed on November 5, and it involves the supply of key components from Ceres Power [1] - The products developed will provide power for AI data centers, commercial buildings, and industrial parks [1]

Core Viewpoint - Weichai Power (000338.SZ) has signed a manufacturing license agreement with its associate company Ceres Power Holdings plc to establish production lines for batteries and fuel cells aimed at the stationary power generation market [1] Group 1 - The license agreement was signed on November 5, 2025 [1] - The production lines will supply power for AI data centers, commercial buildings, and industrial parks [1] - Key components for the products will be supplied by Ceres Power [1]

Core Viewpoint - Weichai Power announced a manufacturing license agreement with its associate company Ceres Power Holdings plc to establish production lines for batteries and stacks aimed at the stationary power generation market [1] Group 1 - The agreement is set to be effective from November 5, 2025 [1] - Key components for the production will be supplied by Ceres Power [1] - The products will provide power for AI data centers, commercial buildings, and industrial parks [1]

Core Viewpoint - The electric motorcycle industry is transitioning towards a comprehensive lithium battery era, with a focus on meeting the increasing demand for long-range travel solutions in urban environments [2][10]. Group 1: Industry Trends - The average one-way commuting distance in major Chinese cities has increased to 8-10 kilometers, leading to a weekly travel distance of 80-100 kilometers, indicating a growing need for long-range travel solutions [5][6]. - Over the past five years, 90% of the studied major cities have seen a continuous increase in commuting distances, reflecting the urbanization process and the separation of living and working spaces [5][6]. Group 2: Battery Technology Evolution - Electric motorcycles typically require a battery capacity of over 2 kWh to meet daily user needs, with 3 kWh being the critical point for range [3][10]. - The evolution of battery capacity in electric two-wheelers has progressed from 0.3 kWh to 3 kWh, with 3 kWh now becoming the new standard for electric motorcycles [9][10]. Group 3: Market Demand and User Needs - More than 80% of users desire a battery that can last a week on a single charge, corresponding to a range of at least 80-100 kilometers [7]. - Current electric motorcycles generally offer a range of 60-80 kilometers, which is nearing the limit of user tolerance, making 100 kilometers of range a key competitive factor [6][7]. Group 4: Challenges in Charging Infrastructure - The lack of sufficient charging stations is a significant pain point for electric two-wheeler users, complicating the charging process [6]. - The limitations of traditional lead-acid batteries, which require frequent charging and have a lifespan of only 1-1.5 years, exacerbate user frustrations [6][11]. Group 5: Market Dynamics and Competition - The surge in demand for large-capacity lithium batteries has led to the emergence of counterfeit battery products, posing safety risks and diminishing user experience [11]. - The introduction of mandatory national standards for electric motorcycle lithium batteries is seen as a short-term solution to address the chaos in the market, while long-term solutions involve reputable lithium battery companies providing quality products [12]. Group 6: Strategic Positioning of Leading Companies - Leading companies like Xingheng Power are set to launch a 3 kWh lithium battery specifically designed for electric motorcycles, aiming to establish a new benchmark in the industry [10][12]. - The launch of the 3 kWh battery is strategically significant, as it positions the company to capitalize on the market demand surge while pushing out counterfeit products [12][13].

Group 1 - The core point of the news is that CATL (Contemporary Amperex Technology Co., Limited) experienced significant trading activity on November 6, with a total of 730,000 shares traded, amounting to 288 million yuan, at a price of 394.68 yuan per share [2][3] - In the last three months, CATL has recorded a total of 64 block trades, with a cumulative transaction value of 3.425 billion yuan [2] - The closing price of CATL on November 6 was 394.68 yuan, reflecting an increase of 1.54%, with a daily turnover rate of 0.55% and a total trading volume of 9.262 billion yuan [2] Group 2 - The latest margin financing balance for CATL is 17.394 billion yuan, which has decreased by 402 million yuan over the past five days, representing a decline of 2.26% [3] - One institution has provided a rating for CATL in the past five days, with the highest target price set at 458.75 yuan by CMB International Securities on November 4 [3] - The block trade details on November 6 show that both transactions involved institutional proprietary seats, with a total transaction amount of 288 million yuan [3]

Summary of Key Points Core Viewpoint - Ningde Times experienced a stock price increase of 1.54%, closing at 394.68 yuan, with significant block trades occurring on November 6 [1] Trading Activity - Two major block trades were recorded, totaling 730,158 shares and a transaction value of 288 million yuan [1] - The first trade involved 185,000 shares at a price of 394.68 yuan, amounting to 73.02 million yuan, with a premium rate of 0.00% [1] - The second trade involved 545,000 shares at the same price, totaling 215.10 million yuan, also with a premium rate of 0.00% [1] Recent Performance - Over the past three months, Ningde Times has seen a total of 64 block trades, with a cumulative transaction value of 3.425 billion yuan [1] - In the last five trading days, the stock has declined by 0.91%, with a net outflow of 1.107 billion yuan from main funds [1]

Core Viewpoint - Zhuhai Guanyu (688772) has significant technological reserves in "large cylindrical" batteries, with mass production of semi-solid batteries already underway and solid-state batteries being developed in an orderly manner based on market demand [1] Group 1: Technology Development - The company has a technological reserve for "large cylindrical" batteries [1] - Mass production of semi-solid batteries has commenced [1] - Solid-state batteries are being developed systematically [1] Group 2: Production Capabilities - The company currently produces steel-shell battery cells, which are packaged by other manufacturers [1] - The company possesses complete and mature packaging capabilities [1] - In the first half of this year, the self-supply ratio of consumer battery cell PACK reached 44.43% [1]