Core Insights - Changzhou hosted the "New Energy Industry Chain Cooperation and Exchange Conference" on November 19, showcasing its robust capabilities in the new energy sector with 16 key projects signed, totaling nearly 10 billion yuan in investment [1][3] - The city has established a comprehensive industrial chain in the new energy sector, particularly excelling in the power battery industry, where 97% completeness is achieved, and one in ten new energy vehicles globally is equipped with Changzhou-made batteries [1] - Changzhou has attracted over 3,000 foreign enterprises, including 105 Fortune 500 companies, and has established six provincial-level international cooperation parks, ranking first in the province [1] Investment and Economic Growth - The city has implemented the first national new energy industry promotion regulations and established a government fund matrix with over 50 billion yuan in total scale, providing full-cycle service guarantees for enterprise development [2] - From January to September this year, actual foreign investment in Changzhou reached 99.4 million USD, marking a year-on-year increase of 23.9%, ranking fifth in the province for total volume and first for growth rate [3] - The conference concluded with an invitation to global new energy enterprises to invest and establish operations in Changzhou, aiming to create strong partnerships for urban development [3]

Group 1 - The core viewpoint of the article highlights significant growth in the production and sales of power and other batteries in October 2025, with a year-on-year increase of 50.5% in production and 50.8% in sales [5][12][14]. - In October 2025, the total production of power and other batteries reached 170.6 GWh, with a month-on-month increase of 12.9% and a cumulative production of 1,292.5 GWh for the year, reflecting a 51.3% year-on-year growth [10][11]. - The sales volume of power batteries in October was 124.3 GWh, marking a 56.6% year-on-year increase, while the cumulative sales for the year reached 910.3 GWh, up 49.9% compared to the previous year [19][36]. Group 2 - The export volume of power and other batteries in October 2025 was 28.2 GWh, showing a month-on-month increase of 5.5% and a year-on-year increase of 33.5% [24][25]. - Power battery exports alone reached 19.4 GWh in October, with a year-on-year growth of 76.7%, while the cumulative export for the year was 148.5 GWh, reflecting a 37.2% increase [25][41]. - The article notes that the cumulative export of other batteries for the year increased by 58.3% [26]. Group 3 - In October 2025, the domestic power battery installation volume was 84.1 GWh, with a month-on-month increase of 10.7% and a year-on-year increase of 42.1% [45]. - The cumulative installation volume for the year reached 578.0 GWh, reflecting a 42.4% year-on-year growth [45]. - The article details that the installation volume of lithium iron phosphate batteries accounted for 80.3% of the total, with a year-on-year increase of 43.7% [45][51]. Group 4 - The article provides insights into the market concentration of power battery installations, indicating that the top 10 companies accounted for 94.7% of the total installation volume in October 2025 [57]. - The leading companies in terms of installation volume include CATL, BYD, and Zhongchuang Innovation, with significant market shares [62][68]. - The average battery capacity per vehicle in October was 55.0 kWh, remaining stable compared to the previous month [58].

Core Viewpoint - The 2025 World Power Battery Conference held in Yibin, Sichuan, focused on the future of the power battery industry, emphasizing high-quality development through discussions on technology, innovative applications, recycling systems, and safety standards [2]. Group 1: Recycling and Sustainability - Battery recycling is a critical component for resource security and green transformation in the industry, making it a hot topic at the conference. A high-efficiency and green recycling system is deemed essential for the industry to transition towards a circular economy [4]. - Experts highlighted the urgent need for battery recycling, including secondary utilization and raw material regeneration, with advancements in intelligent recycling processes and cost reduction strategies [6]. - The current battery recycling industry faces significant challenges, including low recovery efficiency despite a large number of registered collection points. A shift from a segmented operational model to an integrated approach is necessary for sustainable development [6][7]. Group 2: Technological Innovations - Diverse technological routes and innovative application scenarios are expanding the boundaries of the power battery industry. Companies are focusing on solid-state batteries and other advanced technologies to enhance safety and reliability [9]. - The development of solid-state batteries is progressing, with expectations for commercial viability within the next 3 to 5 years, following breakthroughs in low-temperature performance [9]. - The importance of artificial intelligence and theoretical calculations in accelerating the development of high-performance battery materials was emphasized [9]. Group 3: Application Scenarios - The expansion of battery application scenarios is noteworthy, with companies moving from passenger vehicles to commercial vehicles, electric ships, and electric aircraft. The penetration rate of new energy heavy trucks is at an all-time high [10]. - The economic advantages of battery swapping models in the heavy truck sector were analyzed, with efforts underway to establish a national-level platform for standardization [10]. Group 4: New Energy Storage Market - The new energy storage market is projected to grow rapidly, potentially becoming a trillion-level market. Long-duration energy storage technologies are highlighted as key areas for development [12]. - Energy storage is compared to a "Swiss Army knife" in the new energy system, playing multiple roles essential for the construction of a new power system [12]. - Safety and operational intelligence in energy storage systems are critical for healthy industry development, alongside innovations in battery chemistry and manufacturing processes [12].

加强江苏与跨国公司产业合作，提升江苏产业链供应链韧性和国际竞争力，11月18日到19日，江苏省政府在无锡举行2025年产业链供应链国际合作交流会 暨企业家太湖论坛（以下简称：论坛）。论坛是江苏今年对外开放合作的最重大的活动之一，已纳入商务部"投资中国"系列活动。 展示现场。张建波 摄 江苏省商务厅负责人推介《中国（江苏）自由贸易试验区生物医药全产业链开放创新发展方案》，系统阐述江苏生物医药产业开放创新的发展路径，为产 业发展指明方向。印尼工商会中国委员会副主席林优娜介绍，印尼正以绿色矿业、新能源汽车等九大支柱产业为核心，深化与中国多领域的合作。苹果、 辉瑞、LG新能源3家跨国公司高管则围绕产业精准对接、产业链供应链稳定性提升等议题分享实践经验，为中外企业深化合作、共享发展机遇提供有益思 路。 主办方供图 合作成果展示环节是关注焦点之一。江苏省商务厅与苏州市政府牵头组建的"江苏省生物医药全产业链开放创新联盟"正式启动，目前已吸纳142家生物医 药龙头企业、医疗机构、高校科研院所及金融服务平台加入。该联盟将推动政企高效沟通与资源优化配置，助力江苏打造全球影响力的生物医药产业高 地。"江苏省新能源产业链枢纽平台"同 ...

Group 1 - The forum held on November 18 in Wuxi attracted over 700 guests, including executives from more than 30 Fortune 500 companies, focusing on key industries like new energy and biomedicine [1] - A total of 21 high-level R&D projects were signed at the event, alongside the launch of two major industry platforms: the Jiangsu Province Biomedicine Full Industry Chain Open Innovation Alliance and the Jiangsu Province New Energy Industry Chain Hub Platform [1][6] - Jiangsu's actual foreign investment reached $103.74 billion from 2021 to 2024, with a national share of 16.4% in 2024, increasing to 18.1% in the first three quarters of this year [2] Group 2 - The Jiangsu Free Trade Zone's biomedicine open innovation development plan was approved, making it the first province in China to pilot in this field, featuring 18 policy measures and 77 specific tasks [3] - The plan aims to create a "highway" for the entire process of drug development, manufacturing, circulation, and use, with significant cost savings and faster customs clearance [3] - The presence of over 40% of Apple's core suppliers in China, with half located in Jiangsu, highlights the region's mature industrial chain [4] Group 3 - Pfizer announced the launch of the "Pfizer-Jiangsu Full Industry Chain Innovation Empowerment Plan" to deepen its involvement in Jiangsu's biomedicine sector [5] - LG Group has invested nearly $10 billion in Jiangsu, viewing it as a key base for new energy battery production, with plans for further investment in new technologies [5] - The establishment of two major industry platforms aims to enhance collaborative efficiency and international competitiveness in key sectors like power batteries and renewable energy [6] Group 4 - Eli Lilly plans to deepen local cooperation in major disease areas, having invested a total of $15 billion in its Suzhou pharmaceutical production base over the past 30 years [7]

11月19日，较多布局汽车智能化龙头标的的智能电动车ETF（516380）场内价格盘中涨近1%，现涨 0.3%。成份股方面，赣锋锂业、天齐锂业和湖南裕能表现最为突出，涨幅分别达到3.52%、3.42%和 3.11%。另一方面，北京君正、宏发股份和比亚迪表现较弱，跌幅分别为1.25%、0.82%和0.69%。 | 图图 8日 1分 2分 15分 30分 60分 日 网 月 阅读 | F9 盘前盘玩 图M 516380(智能电动体ETF) 10.28 长 1.019 重要: 0.003(0.30%) 增长 1.023 院交盘 0 IOPV 1.0202 | 7.50 MIC I.M (0 CO 2025/11/19 | | 智能电动生ETF O | | 516380 | | --- | --- | --- | --- | --- | --- | --- | | | | | | .019 | | +0.003 +0.30% | | | | | | $5E CNY 102851 交易中 | | 788 | | | | | 0.829 | 净值费费 | | 华宝中证智能电动汽车ETF | | | | | | 假比 | ...

Core Insights - The forum held on November 18 in Wuxi focused on international cooperation in supply chains, attracting over 700 attendees, including executives from more than 30 Fortune 500 companies [1] - Key discussions revolved around the collaborative development of supply chains in critical industries such as renewable energy and biomedicine, leading to the signing of 21 high-level R&D projects [1][6] - Jiangsu province has achieved significant foreign investment, with actual foreign capital usage reaching $103.74 billion from 2021 to 2024, accounting for 16.4% of the national total in 2024 [2] Industry Developments - The establishment of the "Jiangsu Province Biomedicine Full Industry Chain Open Innovation Alliance" and the "Jiangsu Province New Energy Industry Chain Hub Platform" aims to enhance global resource connectivity and build a new industrial ecosystem [1][6] - The "Jiangsu Free Trade Zone Biomedicine Full Industry Chain Open Innovation Development Plan" has been approved, making Jiangsu the first province in China to pilot in the biomedicine sector, featuring 18 policy measures to streamline the R&D process [3] Company Engagements - GE Healthcare's Wuxi base has become the largest ultrasound equipment center globally, supporting over 460 upstream and downstream suppliers, showcasing the strength of the industrial cluster [2] - Pfizer announced the launch of the "Pfizer-Jiangsu Full Industry Chain Innovation Empowerment Plan" to deepen its involvement in Jiangsu's biomedicine sector, emphasizing local production and global market integration [5][7] - Apple’s core suppliers, over 80% of whom have factories in China, with half located in Jiangsu, highlight the region's mature industrial chain and advancements in smart manufacturing and green transformation [4]

Industry Information - As of the end of 2024, the installed capacity of new energy storage will account for over 40% of the global total installed capacity, reaching 73.76 million kilowatts or 168 million kilowatt-hours, which is 20 times that of 2020 [9][10] - China's combination driving assistance technology has reached an international leading level, with a market penetration rate of 62.58% for passenger cars equipped with such systems [8] - The global installed capacity of power batteries increased by 35% year-on-year in the first three quarters of 2025, with China leading significantly [10][15] - In October, the domestic power battery installation volume reached 84.1 GWh, a year-on-year increase of 42.1% [15] - The first "all-in-one battery hospital" has been established in Yibin, focusing on intelligent testing and verification of battery performance [14][17] - The global automotive roll-on/roll-off capacity at Shanghai Port continues to expand, with a significant increase in the volume of electric vehicles being shipped [8] Policy Information - The Ministry of Industry and Information Technology has set the new energy vehicle credit ratio requirements at 48% for 2026 and 58% for 2027 [25] - The State Council has issued opinions to accelerate the cultivation of new application scenarios for clean energy vehicles in various sectors [27] - The implementation of the 2025 automobile scrapping and updating subsidy policy has been suspended in several provinces, including Hubei and Beijing [28][33] - Inner Mongolia aims for 35% of new cars to be new energy vehicles by 2027 [34] Company Information - CATL has begun mass production of its fifth-generation lithium iron phosphate battery, achieving breakthroughs in energy density and cycle life [12][21] - Harmony Auto has received a strategic investment of $40 million (approximately 284 million RMB) for its overseas new energy vehicle business platform [11] - BYD's total installed capacity of power batteries and energy storage batteries has exceeded 230 GWh as of October [15] - Xpeng Motors' Guangzhou factory has entered the trial production phase, aiming for mass production of flying cars [22]

Market Overview - On November 18, A-shares experienced a collective decline, with the Shanghai Composite Index down 0.56%, Shenzhen Component Index down 0.43%, and ChiNext Index down 0.43% [1] - The semiconductor sector showed resilience, with Jingyi Equipment rising over 12%, while the power battery sector faced significant losses, with Shida Shenghua hitting the daily limit down [1] - The overall market saw a trading volume of nearly 1.3 trillion yuan, an increase of over 10 billion yuan compared to the previous trading day, with more than 4,000 stocks declining [1] Semiconductor Sector - Tongyi Co., Ltd. (300538) saw a significant rise of over 8% in the morning session, reaching a "20cm" limit up within 4 minutes [3][5] - The semiconductor sector's long-term development logic remains intact despite recent weak performance, with supply chain security and self-sufficiency being key trends [5] - The storage cycle is on an upward trajectory, driven by accelerating demand in the AI era, leading to a continuous expansion of the supply-demand gap [5] Alibaba Concept Stocks - Alibaba concept stocks strengthened on November 18, with notable gains including Zhidema rising over 14% and several other stocks hitting the daily limit up [7] - Ant Group launched a multi-modal AI assistant named "Lingguang," which can generate small applications in 30 seconds using natural language, marking a significant step in its AGI strategy [9] - Alibaba announced the "Qianwen" project to enter the AI to C market, aiming to create a personal AI assistant that can interact with users and assist in various tasks [9]

Market Overview - On November 18, A-shares experienced a collective decline, with the Shanghai Composite Index down 0.56%, Shenzhen Component down 0.43%, and ChiNext down 0.43% [2] - The semiconductor sector showed resilience, with Jingyi Equipment rising over 12%, while the power battery sector faced significant losses, with Shida Shenghua hitting the daily limit down [2] - The overall market saw a trading volume of nearly 1.3 trillion yuan, an increase of over 10 billion yuan compared to the previous trading day, with over 4,000 stocks declining [2] Semiconductor Sector - Semiconductor stocks, including multiple photolithography concept stocks, saw gains, with Kaimeteqi hitting the daily limit up and other stocks like Lihua Xing and Xinlai Yicai rising over 4% [6] - Despite a weak overall performance last week, the long-term development logic supporting the semiconductor sector remains unchanged, focusing on supply chain security and self-sufficiency [6] - The storage cycle is on an upward trend, driven by accelerating demand in the AI era, leading to a continuous expansion of the supply-demand gap [6] Alibaba Concept Stocks - Alibaba concept stocks strengthened in the A-share market, with Zhidingmai rising over 14% and several other stocks hitting the daily limit up [7] - Ant Group launched a multimodal AI assistant named "Lingguang," which can generate small applications in 30 seconds using natural language, marking a significant step in its AGI strategy [9] - Alibaba announced the "Qianwen" project to enter the AI to C market, offering a personal AI assistant that can interact with users and assist in various tasks [9]