2025起点户储及便携式储能电池技术论坛 时间： 2025年9月26日 地点：深圳 一 会议背景 户用储能： 起点研究院 SPIR调研数据显示，2024年全球户用储能出货规模为27.8GWh，同比 增长19%，其中中国企业出货占比高达75%。户储产品消费领先的国家/区域是欧洲、美国、乌 克兰、日本、澳洲、非洲、中东、东盟、俄罗斯。欧洲仍是市场占比最大，最成熟的市场，但是 由于电价下降，增速明显下滑，2024年增速较快的市场是：美国、乌克兰、澳洲、南非、尼日 利亚、巴西等国家。SPIR预测，2030年全球户用储能市场将达到180GWh，相比2024年增长 547%。 竞争格局方面， 中国户用储能系统全球出货量 TOP10企业是：华为、比亚迪、艾罗能源、派能 科技、麦田能源、德业股份、沃太能源、首航新能、安克创新和三晶股份。 便携式储能： 起点研究院 SPIR调研数据显示，2024年全球便携式储能电源出货规模为1100万 台，同比增长90%。2024年便携式储能电源产品消费领先的国家/区域是美国、欧洲、日本、乌 克兰。美国是全球便携式储能市最大最成熟的市场，主要是美国的户外运动群体大，便携式储能 普及程度高，另外 ...

2025 年 7 月 24 日 公司研究 2Q25 业绩环比修复，聚焦 Robotaxi 商业化运营爬坡 ——特斯拉（TSLA.O）2025 年二季报业绩点评 要点 2Q25 业绩环比修复：2Q25 特斯拉总收入同比-11.8%/环比+16.3%至 225.0 亿 美元，总毛利率同比-0.8pcts/环比+0.9pcts 至 17.2%，Non-GAAP 归母净利润 同比-23.1%/环比+49.1%至 13.9 亿美元（Non-GAAP 单车净利润同比-11.1%/ 环比+30.7%至 3,626 美元）。我们判断，2Q25 特斯拉业绩环比修复主要受益于 新款 Model Y 爬坡、原材料价格下行、以及储能业务毛利率持续提升等。 汽车业务中国市场表现稳健，储能业务毛利率持续提升：汽车业务：2Q25 特斯 拉全球交付量同比-13.5%/环比+14.1%至 38.4 万辆，汽车业务收入同比-16.2%/ 环比+19.3%至 166.6 亿美元（ASP 同比-2.1%/环比+4.5%至约 4.2 万美元）， 剔除汽车积分收入后的汽车业务毛利率同比+0.4pcts/环比+2.5pcts 至 15.0%。 储能业务： ...

行家说储能 上半年，在各地分时电价密集调整、市场交易规则变革等多重变量影响下，我国工商业储能市场仍呈现强劲韧性，并网容量同比增长95.66%。 进入下半年，随着电力现货市场全面开放，行业面临市场化价值驱动的深层变革，工商业储能企业在区域布局有何打法差异？哪些区域企业竞争密度更大？ 此前，行家说储能报道了《变量下的韧性？工商业储能企业年中独家调研》（ 点这里 ），本期，行家说储能将结合《行家说储能白皮书：电力市场与数智化储能调研 报告》的调研情况，围绕企业的区域化市场布局，探讨工商业储能区域竞争密度。 后续，行家说储能将陆续推出年中策划的运营之道以及下半年展望，敬请期待。同时，欢迎您的留言，分享您对行业的观点和思考。 89.47%聚焦国内价差红利区 10.53%关注海外高增量市场 上半年，工商业储能市场呈现出区域分化特点。据行家说储能不完全统计，今年上半年国内对外公布的用户侧储能并网项目中，江苏在并网容量、 功率和数量三项指标仍居全国首位，浙江、广东并网数量居前，安徽单体项目规模突出，大容量趋势明显。 鲜明的区域化发展特点，也让工商业储能企业从粗放式的"有项目就做"转向重点市场的精耕细作。 调研数据显示，超9成 ...

行家说储能 2025年上半年，"大容量"是储能行业的关键热词之一。 继280Ah和314Ah后，2025年储能电芯容量规格之争升级至587Ah与684Ah。 而当2025年储能市场面临电改与强制配储政策的变化，储能企业从 "规模竞争" 向 "价值竞争" 战略升级时，"容量变动"应回归到需求端痛点进行迭代。 以海辰储能1175Ah 与 587Ah大容量储能电芯技术为支点，或可窥见储能市场"价值驱动"下的电化学储能产业技术创新与商业落地的新范本。 ▋ 从 "电芯驱动系统" 到 "系统定义电芯" 过往行业遵循 "电芯规格决定系统架构" 的路径，导致系统集成效率长期受制于电芯形态。 从设计理念来看，海辰储能的核心差异点在于颠覆了传统储能系统的逆向设计逻辑，实现 "系统正向开发"，以 20 尺集装箱 4 列 4 簇的极简架构为起点， 反向定义电芯的容量、尺寸等新标准。 行家说储能此前对海辰储能电芯进行过深度报道（ 点这里 ）指出，海辰储能推出的587Ah大容量电芯，通过尺寸标准化、产线兼容性设计，降低产业链适配 门槛，以更快的量产速度响应市场需求，这种商业模式是"定义规则而非仅制造产品"，不仅解决了技术经济性命题，更重 ...

注：同一个标包的每个标段记为一条信息 01 需求保持增长 中标规模稳步扩大 文 | 中关村储能产业技术联盟 2 0 25年上半年，中关村储能产业技术联盟基于各大招采平台发布的公开信息，追踪到储 能 招 标 项 目 1 2 9 1 条 （ 同 比 +27 .3% ） ， 中 标 项 目 949 条 （ 同 比 +13.9% ） ， 覆 盖 总 承 包 EPC、储能系统、储能电芯、电池Pa c k、PCS、EMS、BMS等全链条环节。其中2 0 2 5年 上 半 年 招 标 项 目 中 （ 不 含 集 采 / 框 采 ） ， 储 能 系 统 2 8 6 条 （ 同 比 +1 5 . 4% ） ， EPC 625 条 （同比+44 . 3%）。 数量上，2 0 2 5年上半年，储能系统和EPC中标标段数量分别为4 0 1条（同比+4 0 . 1%）和 4 0 4条（同比+4 . 9%）。规模上： 储能系统： 中标规模为11. 2GW/ 8 6 . 2GWh，中标能量规模同比激增2 7 8%； 其中集采/框 采能量规模为5 9 . 3GWh，同比增长618.4%，这也是储能系统中标能量规模激增的主要原 因 。 EPC ...

智通财经7月24日电，特斯拉在二季度财报电话会上透露，其位于美国的首个磷酸铁锂电池工厂预计在 年底前上线。此外，特斯拉计划于2026年在美国休斯顿附近启动建设第三座储能超级工厂。 特斯拉计划2026年在美国启动建设第三座储能超级工厂 ...

Core Viewpoint - Tesla reported its most disappointing quarterly results in years, with a revenue decline of 12% year-over-year, marking the largest single-quarter drop since 2012, slightly exceeding analyst expectations of an 11% decline [1][2]. Financial Performance - Revenue: In Q2, Tesla's revenue was $22.5 billion, down 12% year-over-year, compared to a 9% decline in Q1 [7]. - EPS: The adjusted non-GAAP earnings per share (EPS) for Q2 was $0.40, a 23% decrease year-over-year, with analysts expecting $0.42 [8]. - Operating Profit: The operating profit for Q2 was $923 million, down 42% year-over-year, with an expected $1.23 billion from analysts [9]. - Net Profit: The adjusted net profit for Q2 was $1.393 billion, down 23% year-over-year, compared to a 39% decline in Q1 [10]. - Capital Expenditure: Capital expenditure in Q2 was $2.394 billion, a 5% increase year-over-year, with analysts expecting $2.43 billion [11]. - Free Cash Flow: Free cash flow for Q2 was $146 million, down 89% year-over-year, with an expected $760 million from analysts [12]. Business Segment Performance - Automotive: Q2 automotive revenue was $16.661 billion, down 16% year-over-year, with a gross margin of 15% excluding regulatory credits [13]. - Energy: Energy generation and storage revenue in Q2 was $2.789 billion, down 7% year-over-year, following a 67% increase in Q1 [14]. Strategic Initiatives - RoboTaxi Expansion: Tesla successfully launched its first RoboTaxi service in Austin, aiming to cover half of the U.S. population by the end of the year, with significant expansion planned [15]. - Policy Challenges: The CFO warned that changes in EV tax credits and tariffs could lead to increased costs of approximately $300 million per quarter, impacting the automotive business significantly [16]. - FSD Adoption: The adoption rate of Full Self-Driving (FSD) has increased by 25% since the launch of version 12, with FSD-equipped vehicles being ten times safer than those without [17]. - Optimus Robot Production: The design for the third version of the Optimus humanoid robot is nearly complete, with a goal of producing one million units annually within five years [18][19]. Energy Business Growth - Despite challenges, Tesla's energy business achieved its highest gross profit to date in Q2, driven by increasing demand for energy storage solutions [22].

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤储能 资讯~ 本文来源：鑫椤锂电 。 本公众号所发表内容注明来源的，版权归原出处所有（无法查证版权的或未注明出处 的均来源于网络搜集），如有侵权请及时联系删除。转载内容只以信息传播为目的，仅供参考，不代表本号认 同其观点和立场。内容的真实性、准确性和合法性由原作者负责。 鑫椤资讯成立于2010年，主要服务于炭素、锂电、电炉钢3大行业，是中国专业产业研究和顾问公司。鑫椤资 讯以研究为中心，提供数据库、产业前瞻预测、战略咨询和媒体宣传等服务。 ——The End—— ...

Report Summary 1. Industry Investment Rating No relevant information provided. 2. Core View - On July 23, the nickel price shifted to narrow - range fluctuations as the continuously surging varieties adjusted, indicating emerging market divergence. The nickel surplus pattern remains unchanged, and price pressure persists. With the approval of additional RKAB quotas in Indonesia, nickel ore supply will be abundant, and there is room for a decline in premiums and ore prices. Although the ferronickel price has slightly rebounded, most smelters in Indonesia are still at a loss, and the production reduction after the conversion to high - grade nickel matte is limited, providing limited price support. Stainless steel is in the traditional off - season with high inventories, and it is difficult to support the raw material end. The sulfuric acid nickel price remained flat. Overall, the nickel fundamentals have not changed significantly, and the subsequent support from the ore end may weaken. Currently, the macro - sentiment dominates the market, and the nickel price is temporarily strong, but the rebound space should be viewed with caution [7]. 3. Summary by Section 3.1行情回顾与操作建议 (Market Review and Operation Suggestions) - On July 23, the SHFE nickel 2509 closed at 123,370, down 0.06% from the previous day, and the total index positions decreased by 2,860 to 173,672 lots. The nickel market's excess situation remains, and price pressure exists. The supply of nickel ore will be loose, and there is room for a decline in premiums and ore prices. The ferronickel price has a slight rebound, but most Indonesian smelters are still at a loss, and the support for prices is limited. Stainless steel is in the off - season with high inventories, and it is difficult to support the raw material end. The sulfuric acid nickel price remained at 27,250, and it is expected to stop falling temporarily. The overall performance of each industrial link is weakening, and the support from the ore end may loosen. The macro - sentiment currently dominates the market, and the nickel price is temporarily strong, but the rebound space should be treated with caution [7]. 3.2行业要闻 (Industry News) - The Indonesian Nickel Miners Association (APNI) revealed that Indonesia's actual nickel ore production in 2025 was only 120 million tons, far lower than the approved RKAB quota of 364.1 million tons in the first half of the year. The low utilization rate of the quota was due to the rainy season in major mining areas. In the first half of the year, Indonesia imported 4.6 million tons of nickel ore from the Philippines. Since January 2025, the cost pressure on Indonesia's nickel industry has been increasing due to policies and taxes. APNI is formulating ESG regulations to enhance its international reputation [8][10]. - Bulgaria launched a 124 - megawatt/496.2 - megawatt - hour battery energy storage system, marking a step towards its goal of deploying 10,000 megawatt - hours of battery energy storage capacity within a year [10]. - A Turkish research team developed a TOPCon solar cell using nickel contact with almost no silver, which significantly reduces silver consumption while maintaining high efficiency, potentially reducing production costs [10]. - Renewable energy storage company Apatura obtained planning permission for a 100 - megawatt battery energy storage system project in Scotland, which will help the region achieve its energy and emission - reduction goals [10].

二季度特斯拉营收同比降12%、EPS降23%，均超预期下滑，"卖碳"收入环比连降四季；二季度汽车业务收入同比降 16%、连续两季两位数下滑，储能业务毛利创单季新高，超级充电网推动服务及其他收入增长17%；特斯拉重申按计划 今年推出新车、Robotaxi产品Cybercab明年量产，称计划更平价车今年上半年试产、下半年量产、Semi卡车明年量产； 二季度是向AI和机器人服务领头羊转型的里程碑，准备在中国更大范围推出FSD、待监管批准；关税和财政政策及政治 情绪的影响尚不明，但继续研发和资本支出的投入。电话会预计关税成本约3亿美元，马斯克警告未来几个季度恐怕形势 严峻。特斯拉股价盘后先涨后跌，一度跌超4%。 硬·AI 作者 | 李 丹 编辑 | 硬 AI 刚刚过去的第二季度，特斯拉从销售收入到利润全线超预期下降，最大业务汽车的收入继续两位数下滑， 相比汽车更受关税冲击的能源业务收入同比由增转降。 特斯拉重申了包括低价车在内的今年发布新车计划，依然预计，无人驾驶出租车Robotaxi的专属产品 Cybercab将于明年开始量产，还提到Semi卡车也计划明年量产，但财报中并未披露公布一季报时预告的 业绩指引。 财报公 ...