Core Viewpoint - Ningde Times announced the donation of 4.05 million shares by its vice chairman Li Ping and his spouse to Fudan University, valued at over 1.1 billion yuan, aimed at establishing a research fund [1][3]. Group 1: Donation Details - Li Ping and his spouse will donate 4.05 million shares of Ningde Times, which are unrestricted tradable shares, to the Fudan University Education Development Foundation [1]. - The donation is intended to establish the "Fudan University Xue Min Natural Science Research Fund" [1]. - The donation was completed on July 10, 2025, and the shares are valued at over 1.1 billion yuan based on the latest closing price of 272 yuan per share [1][3]. Group 2: Impact on Company Governance - The donation will not have a significant impact on the company's governance structure or ongoing operations [2][3]. - Li Ping's shareholding decreased from 4.42% to 4.33%, while the foundation's shareholding increased from 0% to 0.09% due to this transaction [2]. Group 3: Background Information - Li Ping is an alumnus of Fudan University, having graduated from the Polymer Science program in 1985, while his spouse, Liao Mei, graduated from the History program in 1986 [3]. - Earlier in April 2025, Li Ping and Liao Mei donated 1 billion yuan to support the construction of the Fudan University Xue Min Advanced Research Institute [3]. - Li Ping has been less involved in the daily operations of Ningde Times recently [5].

Core Viewpoint - Panasonic is delaying the production schedule for its new electric vehicle battery plant in Kansas [1] Company Summary - Panasonic's decision to postpone the production plan indicates potential challenges in the execution of its expansion strategy in the electric vehicle battery sector [1] Industry Summary - The delay in Panasonic's battery production could impact the overall electric vehicle battery supply chain, reflecting broader trends and challenges within the industry [1]

固态电池 0-1 快速发展，产业化初期设备商优先受益 20250709 摘要 全固态电池能量密度显著提升，通常可达 400-500Wh/kg，远高于传统 液态锂电池的 200-300Wh/kg，同时在安全性、低温性能方面表现更优， 预示着其作为未来产业发展趋势的确定性。 半固态电池已初步应用于高端消费电子领域，而动力和储能领域主要采 用半固态技术进行规模化应用。预计全固态电池将在 2027 年左右小批 量应用于汽车，储能领域商业化应用或需等到 2030 年左右。 固态电池技术路线多样，包括氧化物、硫化物、聚合物和卤化物。其中， 硫化物因其优异的界面接触和电导率被认为是未来主流技术路线，而氧 化物适用于半固态方案，聚合物因工作温度限制不适用于车辆，卤化物 则多用于研发阶段。 全固态电池负极材料正从硅碳负极配合预锂化技术向高容量硅碳或金属 锂负极演进，最终目标是直接使用金属锂负极；正极材料则从高镍三元 逐步发展到超高镍或镍锰酸锂，最终目标是超高镍正极材料。 中国工信部已拨款 60 亿支持固态电池重大研发专项，宁德时代、比亚 迪等企业参与，计划 2027 年实现小规模量产。海外方面，丰田、本田、 三星 SDI、LG ...

中金研究 6 月 CPI 同比由负转正，主要受工业消费品价格回升带动，除国际原油和贵金属价格上涨外，反 " 内卷 " 打压 " 价格战 " 、促消费政策提振，汽车、家电价 格同比改善， PPI 同比中汽车制造、光伏、锂电池价格同比均改善。但 PPI 同比跌幅进一步走扩、环比连续第 7 个月负增，供过于求、需求不足仍是主要 矛盾。向前看，反 " 内卷式 " 竞争拉开序幕，提振消费和纠正无序同质竞争在供需两端同时发力，有望助益物价回升。 点击小程序查看报告原文 1. 工业消费品价格回升助力CPI同比转正 6月CPI同比结束连续四个月的负增，由上月的-0.1%转为0.1%，主要受工业消费品价格的拉动，能源与核心商品同比均改善，后者带动核心CPI同比升至 14个月新高的0.7%（5月为0.6%）。 ► 肉价弱，果蔬强，食品通胀微升。 CPI食品价格同比下降-0.3%，比上月收窄0.1个百分点。其中，受生猪供给持续释放和去产能推进，猪肉价格同比由 上月的上涨3.1%转为下降8.5%，边际拖累CPI同比0.14ppt；因部分地区高温天气和供应地调整，应季蔬菜价格同比较上月-8.3%大幅收窄至-0.4%，鲜果价 格同比亦由 ...

Group 1 - The core point of the news is that Ningde Times' vice chairman Li Ping and his wife Liao Mei donated 4.05 million shares to Fudan University, valued at approximately 1.1 billion yuan [2][4] - The donation has been completed with the transfer of shares confirmed by the China Securities Depository and Clearing Corporation [4] - Before the donation, Li Ping held 202 million shares, accounting for 4.42% of the total shares, which decreased to 197 million shares, or 4.33%, after the donation [5][4] Group 2 - The donated shares will be used to establish the "Fudan University Xue Min Natural Science Research Fund," aimed at supporting high-level research and development [4][6] - Li Ping and Liao Mei are alumni of Fudan University, with Li Ping being a co-founder of Ningde Times and Liao Mei a notable historian [6] - Earlier in April, the couple announced a one-time donation of 1 billion yuan to support the construction of the Xue Min Advanced Research Institute at Fudan University [6]

【导读】宁德时代李平夫妇向复旦大学捐赠405万股，已完成过户，价值预估约11亿元 中国基金报记者 林雪 7月10日晚间，宁德时代发布公告称，公司副董事长李平及其配偶廖梅向上海复旦大学教育发展基金会（以下简称基金会）捐赠的其持有的 公司405万股股票，已经完成过户手续。按照宁德时代最新股价计算，这笔无偿捐赠的价值预估约11亿元。 根据宁德时代最新披露的《关于股东无偿捐赠部分公司股份的进展公告》，为支持教育事业发展，公司股东及副董事长李平先生及其配偶 拟向基金会捐赠其持有的公司405万股股票，上述股票均为无限售流通股。今年7月10日，公司收到中国证券登记结算有限责任公司出具的 《证券过户登记确认书》，李平向基金会捐赠其持有的公司405万股股份过户手续已全部办理完毕。 按照宁德时代7月10日最新收盘价272元/股计算，这405万股股份价值预估超过11亿元。 公告显示，本次过户前李平持有宁德时代2.02亿股，占公司总股本的4.42%；本次过户后，李平持股降至1.97亿股，占公司总股本的比例 降至4.33%。而基金会本次权益变动由0%增加至0.09%。 宁德时代表示，本次捐赠事项不会对公司治理结构及持续经营产生重大影响 ...

Core Viewpoint - Shenzhen Xingyuan Material Technology Co., Ltd. (hereinafter referred to as "Xingyuan Material") has submitted its prospectus for an IPO on the Hong Kong Stock Exchange, with CITIC Securities International as the sole sponsor [2]. Group 1: Company Overview - Xingyuan Material was founded in 2003 by Professor Chen Xiufeng and was listed on the A-share market on December 1, 2016 [2]. - The company specializes in the manufacturing of lithium-ion battery separators and aims to provide high-quality products to global customers [2]. - According to Frost & Sullivan, Xingyuan Material is the first company in China to master the dry unidirectional stretching technology for lithium-ion battery separators, and it is projected to hold the largest global market share in dry separators by 2024 based on shipment volume [2]. Group 2: Market Position and Performance - Over the past five years, Xingyuan Material has ranked second globally in terms of lithium-ion battery separator shipments, with its global market share increasing from 11.0% in 2020 to 14.4% in 2024 [2]. - The company's revenue for the years 2022, 2023, and projected for 2024 is 2.867 billion, 2.982 billion, and 3.506 billion RMB respectively, with corresponding net profits of 748 million, 594 million, and 371 million RMB [3]. Group 3: Leadership and Governance - Professor Chen Xiufeng and Chen Weirong (a married couple) hold approximately 12.70% and 0.03% of the company respectively, giving Professor Chen the right to exercise about 12.72% of the voting rights attached to the issued shares [5]. - Professor Chen, aged 58, serves as the executive director, chairman of the board, and general manager of the company, responsible for strategic planning, business direction, and daily operations [5]. - In 2024, Professor Chen's compensation was reported to be 2.49 million RMB [7].

Core Viewpoint - The collaboration between EVE Energy and BMW marks a significant milestone in the electric vehicle industry, focusing on the production of large cylindrical batteries to support BMW's new generation of models and enhance the supply chain synergy between China and Europe [2][3][14]. Group 1: Collaboration Background - BMW and EVE Energy's partnership began in late 2017, with a strategic focus on large cylindrical battery technology established in 2020 [2][3]. - EVE Energy was officially announced as a core supplier for BMW's "new generation" models in September 2022, leading to the establishment of new production bases in Shenyang, China, and Debrecen, Hungary [2][3]. Group 2: Production Milestones - The Shenyang large cylindrical battery base's "Pioneer Project" entered trial production on June 30, 2025, marking a transition from technical collaboration to industrial co-creation [3][7]. - The trial production aims to validate and optimize EVE Energy's self-developed high-speed assembly line, utilizing digital twin technology for process and quality control [7][12]. Group 3: Strategic Importance - The partnership is seen as a strategic response to the competitive challenges in the current market, emphasizing the importance of collaboration with local partners in China [5][14]. - EVE Energy's advanced manufacturing capabilities and high-quality standards are key reasons for BMW's choice to collaborate, as both companies aim to lead the transformation in electric mobility [5][12]. Group 4: Market Performance and Future Plans - EVE Energy's large cylindrical batteries have been validated in over 60,000 vehicles globally, achieving significant mileage and maintaining zero safety incidents [11]. - BMW plans to launch over 40 new generation models by 2027, with the first model, the BMW iX3, set to debut within the year, highlighting the urgent demand for advanced battery technology [10][11]. Group 5: Global Supply Chain Synergy - The collaboration exemplifies a new model of global industrial cooperation, with EVE Energy positioned as a key player in meeting the growing battery demand from traditional European automakers like BMW [14][15]. - The proximity of EVE Energy's Hungarian factory to BMW's Debrecen plant is designed to maximize supply chain efficiency and ensure timely battery supply for production [13][14].

Group 1: Investor Relations Activities - The company conducted a specific investor research activity on July 9, 2025, at the company’s first-floor conference room, attended by various securities firms and investment groups [3] - The meeting was hosted by the board secretary, Ding Shirong [3] Group 2: Production and Product Planning - The new production capacity is currently under construction and has not yet commenced operations, focusing on lithium manganese and lithium iron primary batteries [3][4] - There are no current plans for secondary or solid-state battery products, as the company remains focused on primary battery products [4] Group 3: Financial Performance - The company experienced rapid net profit growth in the past year due to the expanding application scenarios and market scale of primary lithium batteries, with steady growth in orders from both new and existing customers since 2024 [5] - The reduction in raw material prices and the expansion of production and sales have further improved the gross profit margin [5] Group 4: Market Risks and Sales Distribution - The risk of primary lithium batteries being replaced by secondary batteries is low in the short term due to significant differences in chemical structure, working principles, and application scenarios [6] - The company’s export business is primarily distributed in developed regions such as North America, Europe, and Asia-Pacific [7] Group 5: E-commerce Sales - The company began establishing e-commerce sales channels in the second half of 2024, with sales on platforms like Tmall, primarily for brand promotion and customer acquisition, resulting in a currently small proportion of sales revenue from e-commerce [8]

1-6月，我国动力和其他电池累计出口达127.3GWh，累计同比增长56.8%。合计累计出口占前6月累计销 量19.3%。其中，动力电池累计出口为81.6GWh，占总出口量64.1%，累计同比增长26.5%；其他电池累 计出口量为45.6GWh，占总出口量35.9%，累计同比增长174.6%。 7月10日，中国汽车动力电池产业创新联盟发布2025年6月动力电池月度信息。6月，我国动力和其他电 池合计出口24.4GWh，环比增长27.9%，同比增长22.5%。合计出口占当月销量18.5%。其中，动力电池 出口量为15.8GWh，占总出口量65.0%，环比增长17.1%，同比增长16.6%；其他电池出口量为 8.5GWh，占总出口量35.0%，环比增长54.7%，同比增长35.2%。 ...