2016年，理想汽车创始人李想带着PPT寻找生产基地，当时公司项目名还叫"车和家"，常州以完善的产 业配套打动了他。从第1辆车到第100万辆车，理想汽车在常州历经58个月，成为中国首家达成百万辆里 程碑的新势力车企。 ◎记者 操子怡 从上海乘坐高铁向西，不到一小时便抵达常州。这座被称为"中吴要辅"的城市，在长三角经济版图上， 偶尔出现在"苏锡无常"的调侃中。 然而，正是这座人口不足600万、苏南面积最小的城市，在2023年实现GDP破万亿元的跨越，2025年前 三季度实现GDP 7968.5亿元，同比增长5.2%。 "勇争一流，耻为第二"，曾是常州广为流传的城市精神。早期，常州凭借"九条龙"工业体系，创造 了"中小城市学常州"的高光时刻。 但常州也清醒地认识到，自身空间、人口与资源条件有限，在"前后夹击"的竞争格局中，走老路并不现 实。于是，常州选择了一条并不寻常的发展路径——发扬"无中生有"的创新传统：从未发掘过恐龙化 石，却建成中华恐龙园；没有锂电池产业基础，却引入中创新航、宁德时代，培育起完整的动力电池产 业链。 产业集聚，是常州经济最鲜明的底色。以新型电力装备为例，常州构建起覆盖输变电全周期的完整产业 ...

Industry Information - The EU-China Chamber of Commerce welcomes the soft landing of the electric vehicle agreement between China and the EU, which is expected to boost market confidence and foster cooperation in the electric vehicle industry [7][9] - The second Intelligent Driving Competition concluded in Wenzhou, with the Star Epoch ES winning first place, followed by Momenta's solution-equipped vehicles [8] - Gotion High-Tech's Ganzhou base was recognized as an innovative small and medium-sized enterprise in Jiangxi, contributing to the upgrade of the new energy industry [9] - Honeycomb Energy launched the world's largest 80 kWh plug-in hybrid battery, featuring a 6% increase in energy density and rapid charging capabilities [10] - China aims to accelerate breakthroughs in solid-state batteries and advanced autonomous driving technologies in 2026 [11] - Shenzhen successfully implemented the first billing for electric vehicle discharging to the grid, with a user earning approximately 15 yuan for discharging 20 kWh [12] - A new sodium-sulfur battery developed by a Chinese research team achieved an energy density of 2021 Wh/kg, significantly surpassing existing lithium-ion batteries [14] - The Trump administration approved the export of NVIDIA's H200 chips to China, which may enhance AI capabilities in the region [15] - A meeting was held by three departments to address the issue of chaotic price wars in the electric vehicle industry, emphasizing the need for fair competition [19] - Honeycomb Energy introduced a new 3.5 generation pulse charging technology that reduces charging time by 25% without additional costs [20] - The State Council reported a 25.4% increase in exports of direct current charging piles and energy storage batteries to the EU by 2025 [21] - The city of Qingyuan in Guangdong will issue 1.8172 million yuan in charging subsidies by 2025 [22] - In December 2025, electric vehicle sales in Australia surpassed those of fuel vehicles for the first time, with a total of 35,058 electric vehicles sold [23] - The General Administration of Customs reported a 26.2% increase in lithium battery exports in 2025 [24] - The China Automobile Association released a report indicating that nearly 80% of the market share for self-developed NOA solutions in passenger vehicles is held by domestic manufacturers [25] - The Market Supervision Administration is establishing a national standardization committee for the recycling and utilization of power batteries [26] - The domestic power battery installation volume is projected to reach 769.7 GWh in 2025, a year-on-year increase of 40.4% [27] - The coverage rate of charging and swapping stations in Hanzhong County increased from 35% to 82% [28] - By the end of 2025, Guizhou Province plans to build over 250,000 charging facilities and 59 swapping stations [29] - Canada has reduced tariffs on electric vehicles imported from China to 6.1%, significantly benefiting Chinese manufacturers [30] - The first cross-province iron-sea intermodal transport of new energy vehicles through Xiamen Port took place in 2026 [31] - Huawei announced upgrades to its ADS 4.1 system, enhancing safety and user experience features [32] Policy Information - The Guangxi Energy Bureau issued guidelines for the construction and operation management of electric vehicle charging infrastructure [33] - Zhengzhou's Commerce Bureau announced a subsidy program for replacing old vehicles and appliances in 2026 [34] - The National Development and Reform Commission plans to introduce a comprehensive management approach for the recycling of power batteries [35]

Group 1 - The global perception is shifting, with a survey indicating that nearly all countries believe the U.S. hegemony is declining and that China will dominate the world in the next decade [1][3] - In South Africa, 83% of respondents expect China's influence to grow, while Brazil and Turkey report 72% and 63% respectively, indicating a widespread acknowledgment of China's rising power even among U.S. citizens, where 54% agree [3] - The survey reveals a significant shift in trust towards China among global South countries, reflecting disappointment in the U.S.-led order and a belief in the inevitability of the East's rise [3] Group 2 - China is recognized for its core hard power, with many EU citizens expecting it to lead in electric vehicles and renewable energy, thus gaining a voice in global industry standards [5] - The West's previous belief in technological superiority as a protective barrier has been challenged, as China now offers a comprehensive suite of low-cost, efficient modern solutions, contrasting with the U.S.'s limited competitive offerings in civilian industries [5] Group 3 - Ukraine and South Korea are notable exceptions in viewing China negatively, driven more by geopolitical tragedies than rational strategic assessments [7] - Ukraine's despair from ongoing conflict has led to a projection of blame onto China for not intervening against Russian aggression, while South Korea's hostility stems from a complex relationship with the U.S. and fears of losing industrial advantages to China [7] - The anxiety in South Korea regarding the loss of key industries to China has manifested as illogical anger towards China, which does not alter the reality of the shifting global landscape [7]

Core Viewpoint - The launch of the Chongqing project by Ruipu Lanjun and Saike Technology marks a significant strategic expansion in the southwest region, aligning with national "14th Five-Year" planning and aiming to enhance the production capacity and technological capabilities of the companies involved [3][4]. Group 1: Project Overview - The Chongqing Fuling project is a key initiative for Saike Technology, aimed at expanding production capacity and upgrading technological capabilities in line with national strategies [3][4]. - The project is strategically located in the core area of the Chengdu-Chongqing economic circle, benefiting from significant geographical advantages and a strong industrial foundation [4]. - The first phase of the project will establish an intelligent and green production base for 12 GWh of energy storage and power lithium batteries, compatible with advanced products like the independently developed "WenDing battery" [4][5]. Group 2: Industry Impact - The project is expected to fill the demand gap for high-performance and high-safety power battery systems among mainstream automotive manufacturers in the southwest region [4][5]. - Upon reaching full production, the project will provide stable, reliable, and customized energy solutions to SAIC and several leading automotive companies [5]. - The Chongqing project is positioned as a crucial step in achieving the national "dual carbon" goals and will contribute to the establishment of a billion-level industrial ecosystem for new energy vehicle power batteries [5].

Group 1 - The increasing reliance on cross-border RMB transactions is highlighted by a financial director from a silicon export company in Yibin, indicating that quoting prices in RMB leads to smoother transactions and production scheduling [1] - In the first ten months of 2025, Yibin's cross-border RMB payment and receipt amount grew by 167.4% year-on-year, accounting for 56.7% of the total cross-border payments, with a historical high of 5.87 billion RMB in current account and direct investment transactions [1] Group 2 - The People's Bank of China (PBOC) Yibin branch has implemented a dual-track incentive mechanism for cross-border RMB settlement, providing 338,100 RMB in subsidies to nine enterprises, and has expanded the "first-time customer" initiative, achieving a total settlement of 1.57 billion RMB [2] - The PBOC Yibin branch is actively promoting cross-border RMB usage in key industries such as power batteries and crystalline silicon photovoltaics, with the top 20 enterprises in the service list achieving 8.771 billion RMB in cross-border RMB settlements from January to October 2025, with major industries accounting for 52.6% [3] Group 3 - The PBOC Yibin branch has established a "key enterprises in Hong Kong" list to enhance cross-border RMB settlement, with 7.07 billion RMB settled with Hong Kong in the first ten months of 2025, representing nearly 80% of Yibin's total cross-border RMB settlements [4] - The local implementation of cross-border payment services has enabled zero-cost, instant remittances for residents, with 136 northbound and 1,117 southbound transactions processed [4]

Group 1 - The core viewpoint of the article highlights that the three major South Korean battery manufacturers, LG Energy Solution, Samsung SDI, and SK On, experienced operating losses in the fourth quarter of last year due to changes in U.S. electric vehicle subsidy policies and weakening demand for electric vehicles in Europe and the U.S. [1] - LG Energy Solution, which had been the only company to achieve profitability in the first three quarters, also faced losses in the fourth quarter, indicating a significant deterioration in the operating environment for the South Korean battery industry [1] - The article suggests that the current challenges reflect a severe reality for the Korean battery sector, with uncertainties surrounding the market outlook for this year [1]

Group 1 - The core issue is that the three major South Korean battery manufacturers, LG Energy Solution, Samsung SDI, and SK On, reported operating losses in Q4 of last year due to changes in U.S. electric vehicle subsidy policies and weakening demand in Europe and the U.S. [1] - LG Energy Solution recorded an operating loss of approximately 1.22 trillion KRW (about 1.14 billion USD), which could increase to 4.55 trillion KRW if U.S. tax incentives are excluded [1] - Samsung SDI and SK On are also expected to incur significant losses, with estimates of 300.3 billion KRW and 2000 billion KRW respectively [1] Group 2 - The U.S. electric vehicle market has shown a significant decline, with new electric vehicle sales dropping by 48.9% month-on-month to 74,800 units in October last year [2] - Predictions for the U.S. electric vehicle market in 2023 are cautious, with a projected year-on-year decline of 29%, totaling around 1.1 million units [2] - The European market, where South Korean manufacturers are heavily invested, is also experiencing a slowdown, influenced by the EU's decision to withdraw plans to ban new gasoline vehicles by 2035 [2] Group 3 - The changes in market demand have affected the supply chain, leading LG Energy Solution to cancel contracts worth approximately 13.5 trillion KRW for electric vehicle batteries [2] - SK On has also terminated its joint battery factory project with Ford in the U.S. due to the changing market environment [2] - Earnings forecasts for the three major battery companies have been revised downwards, with LG Energy Solution's Q1 operating profit expected to drop from 502.4 billion KRW to 183 billion KRW [2]

Core Viewpoint - The recent recall of Volvo's electric vehicle EX30 due to battery safety issues has raised concerns about the responsibility of the battery supplier, A123, and has compounded existing sales pressures on Volvo [2][3][5]. Group 1: Volvo's Recall and Sales Performance - Volvo has initiated a global recall of its EX30 electric model due to high-voltage battery overheating risks, affecting markets including the US, Canada, South Africa, and Australia [2]. - In the UK, 10,440 units of the EX30 are confirmed to be affected, covering models from 2024 to 2026 [2]. - Volvo's global sales in 2024 are projected at 763,400 units, an 8% increase year-on-year, but sales in China, its largest market, have dropped to 156,400 units, the lowest in five years [4]. Group 2: Financial Impact and Battery Supplier Issues - In Q3 2023, Volvo's global sales fell to 160,500 units, a 7% year-on-year decline, with revenues of 86.4 billion Swedish Krona, down 6% [5]. - The recall has sparked controversy over battery supply responsibilities, with reports indicating that the problematic battery cells were produced by a joint venture involving A123 [5][6]. - A123's chairman stated that the battery packs were supplied through a different factory, distancing the company from direct responsibility for the issues [5]. Group 3: A123's Challenges and Market Position - A123 is facing significant challenges, including a recent lawsuit from Zeekr over battery quality issues, which has intensified scrutiny on the company's reliability [6][9]. - The company has seen a reduction in orders from key clients like Li Auto and Xiaomi, with the number of models supported by A123 for Li Auto dropping from 10 to 3 [9]. - A123's aggressive pricing strategy has led to declining profit margins, with a gross margin of only 9.77% in H1 2025, significantly lower than competitors [10]. Group 4: Financial Health and Future Outlook - A123 reported a loss of 1.87 billion Yuan in 2024, with cumulative losses exceeding 4.5 billion Yuan from 2023 to H1 2025 [10]. - The company's debt levels have risen sharply, with a debt-to-asset ratio of 67.62% and total liabilities reaching 67.9 billion Yuan [10]. - Concerns about ongoing litigation and financial losses may hinder A123's plans for an IPO in Hong Kong, which was anticipated for 2026 [10].

Group 1: Ctrip Investigation - Ctrip Group is under investigation for alleged monopolistic behavior by the State Administration for Market Regulation, based on the Anti-Monopoly Law of the People's Republic of China [1] - Following the announcement, Ctrip's stock fell significantly, with a 6.49% drop in Hong Kong shares and a 17% decline in U.S. shares, leading to a market value loss exceeding 100 billion RMB [1] Group 2: Battery Recycling Regulations - China is entering a phase of large-scale retirement of power batteries, with projections indicating that over 1 million tons of waste batteries will be generated by 2030 [2] - The newly released management measures aim to regulate the recycling and utilization of power batteries, emphasizing the importance of legal frameworks to prevent environmental pollution and resource wastage [2] Group 3: Weather and Climate - The World Meteorological Organization confirmed that 2025 is projected to be one of the hottest years on record, with the past 11 years being the hottest ever recorded [3] - The average temperature from 2023 to 2025 is expected to be 1.48°C higher than pre-industrial levels, indicating a persistent trend of global warming [3] Group 4: JuShi Chemical Penalty - JuShi Chemical has been penalized 6.7 million RMB for inflating revenue, costs, and profits through false trade activities, with significant impacts on their financial statements [4] - The inflated revenue amounted to 157 million RMB, representing 8.32% of total revenue for the first half of 2023 [4] Group 5: Perfect World Corruption Case - Perfect World reported that three art department heads were detained for corruption, with ongoing investigations revealing multiple cases of employee misconduct [5] - The company has filed reports with law enforcement regarding these incidents, which involve employees colluding with suppliers [5] Group 6: TianCi Materials Legal Judgment - TianCi Materials' subsidiary received a criminal judgment for commercial secret infringement, resulting in a fine of 20 million RMB for the company and prison sentences for involved individuals [6] - The judgment highlights the legal risks associated with commercial secret violations in the industry [6] Group 7: XinNing Logistics Lawsuit - XinNing Logistics has filed a lawsuit against Zhuhai Guanyu, seeking compensation of 64.5264 million RMB for damages caused by a fire linked to Guanyu's lithium batteries [7] - The case has been accepted by the court, but the impact on the company's profits remains uncertain [7]

Core Insights - The sixth Battery Day of Honeycomb Energy, themed "Bee Beyond, Trust the Future," showcased breakthroughs in key technologies for power batteries, emphasizing safety as a core principle [1] Product Innovations - Honeycomb Energy launched the world's largest 80kWh plug-in hybrid battery pack "Fortress 2.0," enabling D-class plug-in vehicles to achieve over 400km pure electric range, with a 6% improvement in volume utilization and energy density [3] - The company introduced a low-cost semi-solid battery using a globally pioneering membrane transfer technology, enhancing ionic conductivity by 10% and reducing thermal shrinkage by 20%, significantly improving high-temperature safety [4] - The "Dragon Scale 3.0" platform achieved "fire-electric separation" and compatibility with CTC/CTB in square batteries, increasing cell capacity by 7%-10% and enhancing heat dissipation capabilities [6][7] Market Expansion - Honeycomb Energy is diversifying its product offerings across multiple scenarios, including HEV batteries with capacities ranging from 3.6 to 7.3kWh, large storage cells of 588Ah/866Ah, and batteries for unmanned logistics vehicles with a range of 10-50kWh [7]