数据显示，截至8月29日，蔚来已在全国累计建成充换电站8192座，其中换电站3467座，充电站4725 座，充电桩27050根。截至8月29日，已贯通包括川青滇3条进藏路线、丝绸之路、独库公路、喀纳斯 线、川西大环线、呼伦贝尔草原线、神州北极线、华夏东极线等在内的80条加电风景线。 责任编辑：郭栩彤 新浪科技讯 8月29日中午消息，蔚来在成都车展宣布，将在年内全面贯通川西环线换电路线和滇藏换电 路线，持续加密、攻坚全国充换电站网络布局。 蔚来川西环线换电路线全程超1400km，以成都为起始点，13座换电站将串联起雅安、天全、新都桥、 丹巴、马尔康、红原、松潘，黑水，汶川、都江堰等地，让蔚来、乐道用户可全程换电打卡川西美景。 目前，成都、雅安、天全、新都桥、汶川、都江堰等地的8座蔚来换电站已上线运营，剩余5座换电站将 在9月正式上线。 蔚来滇藏换电路线从云南昆明到西藏定日珠峰，全程超2700km，将布局19座换电站，目前已建成16座 换电站，并计划在云南香格里拉、德钦及西藏芒康县新增3座换电站，助力用户从云南出发，全程换电 到珠峰。 此前，蔚来已于2025年8月16日正式完成G318川藏换电路线的贯通。成都车展 ...

Investment Rating - The report maintains an "Overweight" rating for the oil and petrochemical industry [5] Core Viewpoints - The oil price is expected to rebound due to improved supply-demand outlook and easing trade tensions, with IEA and EIA raising global oil demand forecasts for 2025 [1][10] - The "Three Major Oil Companies" are significantly increasing capital expenditures to enhance oil and gas production, ensuring national energy security [2][18] - The transition to renewable energy is being actively pursued by the "Three Major Oil Companies," highlighting their long-term investment value [3][18] Summary by Sections Oil Price Outlook - Supply-demand expectations have improved, leading to a rebound in oil prices. As of May 23, 2025, Brent and WTI crude oil prices were reported at $65.03 and $61.76 per barrel, respectively [9][10] - IEA has raised its 2025 global oil demand forecast by 100,000 barrels per day to 74 million barrels per day, while EIA expects a growth of 970,000 barrels per day, an increase of 170,000 barrels from the previous month [10][14] Capital Expenditure and Production Growth - The "Three Major Oil Companies" are responding to the national call for increased reserves and production, with a combined capital expenditure CAGR of 6.6% from 2018 to 2024. For 2025, their planned capital expenditures are CNY 210 billion for China National Petroleum Corporation, CNY 76.7 billion for Sinopec, and CNY 130 billion for China National Offshore Oil Corporation [2][18] - Oil and gas equivalent production for 2024 is expected to grow by 2.2% for both China National Petroleum Corporation and Sinopec, and by 7.2% for China National Offshore Oil Corporation [2][18] Renewable Energy Transition - The "Three Major Oil Companies" are advancing their renewable energy initiatives. China National Petroleum Corporation aims for natural gas to account for 54.4% of its oil and gas equivalent production by 2024, while also expanding its renewable energy capacity [3][24] - Sinopec is leveraging its integrated advantages to accelerate the development of charging and hydrogen refueling stations, with plans to build at least 500 battery swap stations this year [3][28] - China National Offshore Oil Corporation is actively promoting CCUS projects, with the first offshore CCUS project launched in May 2025, expected to inject over 1 million tons of CO2 over the next decade [3][32]