Group 1 - The retail sales of new energy passenger vehicles reached 1.111 million units in June 2025, representing a year-on-year growth of 29.7% and a month-on-month increase of 8.2% [1] - Cumulative retail sales from January to June 2025 amounted to 5.468 million units, showing a year-on-year increase of 33.3% [1] - Exports of new energy passenger vehicles in June reached 198,000 units, a significant year-on-year surge of 116.6%, accounting for 41.1% of total passenger vehicle exports, marking a 17.6 percentage point increase from the same period last year [1] Group 2 - As of June 30, 2025, the proportion of new energy vehicles in the total vehicle ownership in China reached 10.27% [1] - The National Development and Reform Commission highlighted the integration of artificial intelligence into daily life, with smart devices like smartphones, smart homes, and smart cars gaining popularity among consumers [1] - By the end of 2024, the total number of charging infrastructure units in China is expected to reach 12.818 million, effectively supporting the large-scale adoption of new energy vehicles [1] Group 3 - The top ten holdings of the fund "Qingguo Xuyuan Three-Year Holding Period Mixed A" are highly concentrated in the high-end manufacturing industry chain and Hong Kong technology sectors [2] - As of July 15, the fund achieved a return of 21.42% over the past year [2] - The fund's top ten stocks include leading companies in the power battery sector such as CATL and Keda Li, as well as major internet companies like Tencent and Meituan in the Hong Kong market [2] Group 4 - The Chinese new energy vehicle supply chain continues to grow rapidly, with low-end capacity being rapidly eliminated after two years of price declines, leading to marginal improvements in the industry [2] - It is recommended to focus on battery and structural component sectors that benefit from low upstream raw material prices and stable profitability [2] - The demand for electric vehicles in Europe remains strong, with June sales in eight countries reaching 207,000 units, reflecting a year-on-year growth of 19% [2]

中新网北京7月18日电 (单鹏)"在产业根基、科创生态以及政策东风支撑下，四川对国际资金的吸引力还 是非常强的，外资在四川的规模存量长期是中西部第一，而且融入了整个产业链。"近日，中国人民大 学长江经济带研究院院长、财政金融学院教授涂永红在北京参加第三届中国国际供应链促进博览会时表 示。 2017年11月，中国人民大学与四川省宜宾市签署合作协议，联合成立长江经济带研究院。涂永红2021年 进入长江经济带研究院工作。她在接受采访时说，通过对长江经济带110个城市进行比较研究，她发现 产业、金融、人才要素的聚集，让四川成为投资热土。 涂永红还看到，四川拥有让年轻人充分释放创造力的土壤，既有万亿级新兴产业，也有未来赛道，各类 产业园区和高新区，为创新创业搭好广阔舞台；在政策层面，四川的资金、人才认定、营商环境均处全 国前列，给人很强的归属感，"四川很多城市拥有乐观、包容的城市气质，年轻人来到这里后可以自由 生长，实现创业梦想。"(完) "投资四川就是投资未来。"她表示，在四川，技术、产业与资本形成良性循环，集聚效应和资源共享让 企业的价值成倍放大，获得更高的投资回报率。 四川为何适宜投资？涂永红认为，成渝地区正在成 ...

Core Viewpoint - The Hong Kong stock market experienced a significant surge in IPO activities in the first half of 2025, driven by a strong participation of cornerstone investors, leading to a total of 42 IPOs that raised HKD 107.1 billion, marking a year-on-year increase of approximately 700% and positioning Hong Kong as the leading global market for IPO fundraising [1][2]. Group 1: IPO Market Performance - In the first half of 2025, Hong Kong's IPO market completed 42 IPOs, raising a total of HKD 107.1 billion, which is a 700% increase year-on-year and a 22% increase compared to the total amount raised in 2024 [1]. - Four out of the top ten global IPOs in 2025 were from Hong Kong, highlighting the city's growing prominence in the global IPO landscape [1]. - The participation of cornerstone investors was crucial, with 36 out of 42 IPOs attracting a total of 189 cornerstone investors, accounting for 85.71% of the IPOs [2]. Group 2: Characteristics of Cornerstone Investors - The cornerstone investment in Hong Kong's IPOs showed three notable trends: a significant clustering of investors, a preference for industry-leading companies, and impressive investment returns [2][4]. - A total of 452.02 million HKD in cornerstone investments represented over 42% of the total fundraising in the market, indicating strong confidence from capital sources [2]. - Leading companies such as Ningde Times, Haitian Flavoring, and Sanhua Intelligent Control attracted a total of 60 cornerstone investors, accounting for 31.7% of the total, with investment amounts reaching HKD 351.4 billion, which is over 77% of the total cornerstone investment [2][4]. Group 3: Investment Returns and Market Dynamics - As of July 15, 2025, 31 out of 36 IPOs with cornerstone investors saw their stock prices rise compared to their issue prices, with 21 companies experiencing price increases exceeding 50% [4]. - The diverse composition of cornerstone investors, including local state-owned platforms, foreign institutions, public funds, and individual investors, contributed to a robust market environment [5][10]. - The participation of foreign institutions in cornerstone investments has notably increased, with significant investments from entities like the Kuwait Investment Authority and the Singapore Government Investment Corporation [7][10]. Group 4: Sector Focus and Future Outlook - Cornerstone investors are primarily focusing on sectors such as new energy, consumer goods, pharmaceuticals, and advanced manufacturing, aligning with national industrial policies and market trends [10]. - The involvement of cornerstone investors is expected to stabilize new stock prices and build investor confidence, with major institutions playing a key role in reducing market volatility [10]. - Looking ahead, the Hong Kong IPO market is anticipated to attract more quality enterprises, with local state-owned enterprises and foreign institutions expected to deepen their involvement in cornerstone investments [10].

Group 1 - Ningde Times (300750) announced the donation of 4.05 million shares by shareholder and vice chairman Li Ping and his spouse to the Shanghai Fudan University Education Development Foundation, valued at over 1.1 billion yuan based on the latest closing price [1][2] - The donated shares will be used to establish the "Fudan University Xue Min Natural Science Research Fund," highlighting Li Ping's commitment to supporting education [2][3] - Li Ping, a Fudan University alumnus, previously announced a one-time donation of 1 billion yuan to support the construction of the Fudan University Xue Min Advanced Research Institute [2][3] Group 2 - The donation is expected to enhance Fudan University's research capabilities in natural sciences, humanities, and medicine, while also strengthening Ningde Times' corporate social responsibility image [3] - The donation has sparked a chain reaction among Fudan alumni, with notable contributions including a 30 million yuan donation from alumnus Zhu Yi to establish the "Fudan University Bai Li Tian Heng Distinguished Professorship" project [3] - On May 18, Yunfeng Fund donated 50 million yuan to help establish the "Fudan Yuan" Cultural Development Fund [4]

四川省政府新闻办今日举行新闻发布会，四川省统计局副局长、新闻发言人杨治刚就2025年上半年四川 经济运行情况作了介绍。杨治刚表示，全省加快培育 新质生产力，推动经济持续向高向绿向智发展， 新动能不断发展壮大。上半年，四川动力 电池、 新能源汽车、钒钛产业增加值分别增长36.5%、 11.0%、13.8%；"新三样"产品产量持续扩大，新能源汽车、 光伏电池、 汽车用锂离子动力电池产量分 别增长2.4倍、1.9倍、53.2%。上半年，四川新能源汽车产量14.4万辆、已超过2024年全年水平，占全省 汽车整车产量比重达到27.6%，比上年同期提高16.2个百分点。 ...

Core Viewpoint - The article highlights the significant growth and trends in the electric vehicle (EV) battery supply chain, particularly focusing on the dominance of lithium iron phosphate (LFP) batteries and the increasing number of new energy vehicles (NEVs) being introduced in the market [1][2][3]. Group 1: New Energy Passenger Vehicles - In June, the Ministry of Industry and Information Technology announced the 396th batch of vehicle production and product announcements, showcasing 81 new energy passenger vehicles, with 74 using LFP batteries and 7 using ternary batteries [1]. - CATL leads in battery supply, followed by Fudi and Guoxuan High-tech, with other suppliers including Zhongchuang Xinhang, Hive Energy, and others [1]. - CATL's LFP batteries are supplied to major brands such as Changan, Wuling, and Geely, while its ternary batteries are provided to brands like NIO and Mercedes-Benz [1]. Group 2: New Energy Heavy Trucks - A total of 115 new energy heavy truck models were announced, with 80 being charging trucks and 25 being battery-swapping trucks; pure electric trucks accounted for 111 models [2]. - The number of charging trucks significantly exceeds battery-swapping trucks due to the decreasing cost of battery prices and the lower infrastructure costs for charging stations compared to battery-swapping stations [2]. - CATL supplies 76 models of new energy heavy trucks, covering major brands such as Howo, Xugong, and Dongfeng [2]. Group 3: Battery Types and Trends - LFP batteries dominate the new energy heavy truck market, with only one model using a ternary battery supplied by Funeng [3]. - The rapid price decline of LFP batteries is facilitating the transition to electric vehicles, instilling confidence in manufacturers [3]. - Advances in LFP battery fast-charging performance and energy density are meeting the demands of heavy truck owners for long-range and quick recharging capabilities [3].

Group 1: Battery Industry Development - The forum on July 12 focused on the new developments in the power battery industry, with representatives from various sectors discussing strategies to maintain competitive advantages [1] - The EU's Battery Regulation aims to reduce environmental impact and promote competitive manufacturing in Europe, with ongoing adaptations to the regulation that companies need to monitor [4] - Standardization in power batteries is essential for scaling production, reducing costs, and facilitating the application of retired batteries, requiring unified standards to coordinate domestic and international markets [4] Group 2: Emerging Markets and Technologies - The low-altitude economy is viewed as a new economic growth engine, with the market expected to reach 1.8 trillion yuan by 2030, and eVTOL battery demand projected to grow significantly [5] - eVTOL applications require batteries with no debris, enhanced thermal control, and higher energy density, leading to increased focus on the development of semi-solid batteries [5] - The trend towards ultra-fast charging and high energy density in batteries is highlighted, with current solutions favoring stacking technology [6] Group 3: Safety and Compliance - The safety of lithium battery separators is under scrutiny, especially with new national standards demanding higher safety levels, prompting battery companies to enhance the safety of their components [6] - The EU battery regulations are seen as a pathway for companies to improve their standards and competitiveness in the lithium battery sector [5]

Core Viewpoint - Chengdu's government has issued a plan to promote high-quality development in county-level new towns, focusing on enhancing the capacity of advanced manufacturing bases and supporting the growth of various industries [1] Group 1: Advanced Manufacturing - The plan emphasizes leveraging spatial advantages to undertake leading projects in advanced manufacturing, particularly in equipment manufacturing, advanced energy, and new materials, targeting areas like Jianyang, Pengzhou, and Jintang [1] - There is a goal to strengthen the manufacturing sector in Qionglai and Chongzhou by enhancing the capabilities of advanced manufacturing [1] Group 2: Traditional Industries Transformation - The initiative aims to utilize digital intelligence and green technology to upgrade traditional industries such as liquor and home furnishings [1] - The focus is on developing niche sectors like power batteries and smart terminals, with an aim to create national-level characteristic industrial clusters for small and medium enterprises [1] Group 3: Industrial Space Expansion - The plan supports the expansion and quality improvement of established enterprises, as well as the redevelopment of inefficient and idle land and buildings [1] - It aims to continuously expand new industrial spaces, particularly in areas like Dujiangyan, Dayi, and Pujiang, to strengthen industries such as pharmaceuticals and green food [1] Group 4: Emerging Industries - The government is promoting the development of emerging industries such as green hydrogen, low-altitude economy, commercial aerospace, and computing power [1] - There is a focus on securing key backup projects for these critical industries [1]

人形机器人和低空经济赛道再迎新入局者。7月15日，南都湾财社记者获悉，动力电池厂商蜂巢能源宣 布正式布局人形机器人与低空经济赛道，并已获得央企相关项目定点，将提供固态电池来满足相关领域 的需求。 这并非个例。在主营业务日益"内卷"的背景下，一场从汽车、电池到家电领域的制造企业跨界"抢滩"新 赛道的战事，已悄然打响。这些手握资本与供应链优势的企业，试图在机器人等高技术壁垒的新赛道， 寻找下一个增长引擎。 蜂巢能源前身为长城汽车（601633.SH）动力电池事业部，2018年独立运营，其实际控制人为长城汽车 董事长魏建军。根据中国汽车动力电池产业创新联盟数据，今年上半年，蜂巢能源在国内动力电池生产 商中排名第七，市占率为2.81%。 面对行业竞争，蜂巢能源董事长兼CEO杨红新在接受南都湾财社记者采访时，公司近期确立了"聚焦动 力，深耕储能，开拓新兴"的新战略，并设定了2025年交付47GWh的目标。其产品路线上将采取"三元 与铁锂并行，纯电与增混同行"的差异化策略。 主业承压与新赛道拉力 制造企业将目光投向新领域，与主营业务面临的增长压力直接相关。 "当年我们做数码的时候，没有想到汽车电池的规模是数码的上百倍；刚 ...

Core Viewpoint - The article discusses the strategic initiatives of state-owned enterprises (SOEs) in the battery industry, particularly focusing on the establishment of a leading battery industry platform by China National Automotive Industry Corporation (CNAIC) through its subsidiary, China Automotive New Energy Co., Ltd. (CNAE) [3][7]. Group 1: Strategic Initiatives - The conference held on July 14 emphasized the importance of innovation and market orientation in CNAE's transformation strategy, described as "overtaking on a curve and changing lanes" [4][9]. - Liu Yigong, the Deputy Secretary of the Party Committee and General Manager of China FAW Group, highlighted the commitment to core technology development and the ambitious vision for building an industrial ecosystem [6][9]. Group 2: Industry Positioning - The event marked a significant strategic layout for SOEs in the power battery sector, showcasing CNAE's efforts to integrate and transform its operations [7][12]. - The establishment of the headquarters and innovation research institute for CNAE signifies a crucial step in technological innovation and industrial upgrading [7][12]. Group 3: Collaborative Efforts - The conference included a signing ceremony for the cooperation in the industry-university-research application ecosystem, facilitating a platform for collaboration among various stakeholders [11]. - Liu Yigong expressed gratitude to government bodies, local authorities, and industry partners for their support in CNAE's transformation and development [9][14].