登顶的基石，正是一种曾被广泛认为不适合电动汽车的电池材料——磷酸铁锂（LFP）。它曾被主流电 动车行业视为一条"笨路"，能量密度是硬伤。如今，它因比亚迪的刀片电池而重生，成为全球汽车行业 无法绕过的技术路线。 2026年第一个工作日，全球汽车行业的头条属于比亚迪，在刚刚过去的一年，比亚迪的纯电动汽车销量 首次超越特斯拉，登顶全球，其2025年纯电汽车销量达到225.67万辆，同比增长27.86%。 从2019年被特斯拉反超，到2025年重夺王座，比亚迪用了六年。但在长跑背后，故事的起点始于23年前 的一场技术路线的漫长跋涉。 2002年，比亚迪董事长王传福拍板了磷酸铁锂方向。比亚迪电池事业群CTO孙华军告诉21世纪经济报道 记者："王传福总始终在一线参与。"2000年，孙华军从复旦大学化学系毕业后加入比亚迪，见证了比亚 迪动力电池业务的成长。 孙华军说，当时行业主流路线有三条：手机电池采用的、能量密度高的钴酸锂；安全性较好的锰酸锂； 以及能量密度最低、但热稳定性最好的磷酸铁锂。 当时，以松下、索尼为代表的全球头部电池企业，其技术重心集中在消费电子领域成熟的钴酸锂路线 上。特斯拉早期的Roadster和Mode ...

2026年第一个工作日，全球汽车行业的头条属于比亚迪，在刚刚过去的一年，比亚迪的纯电动汽车销量 首次超越特斯拉，登顶全球，其2025年纯电汽车销量达到225.67万辆，同比增长27.86%。 从2019年被特斯拉反超，到2025年重夺王座，比亚迪用了六年。但在长跑背后，故事的起点始于23年前 的一场技术路线的漫长跋涉。 登顶的基石，正是一种曾被广泛认为不适合电动汽车的电池材料——磷酸铁锂（LFP）。它曾被主流电 动车行业视为一条"笨路"，能量密度是硬伤。如今，它因比亚迪的刀片电池而重生，成为全球汽车行业 无法绕过的技术路线。 2002年，比亚迪董事长王传福拍板了磷酸铁锂方向。比亚迪电池事业群CTO孙华军告诉21世纪经济报道 记者："王传福总始终在一线参与。"2000年，孙华军从复旦大学化学系毕业后加入比亚迪，见证了比亚 迪动力电池业务的成长。 孙华军说，当时行业主流路线有三条：手机电池采用的、能量密度高的钴酸锂；安全性较好的锰酸锂； 以及能量密度最低、但热稳定性最好的磷酸铁锂。 当时，以松下、索尼为代表的全球头部电池企业，其技术重心集中在消费电子领域成熟的钴酸锂路线 上。特斯拉早期的Roadster和Mode ...

21世纪经济报道记者 焦文娟 2026年第一个工作日，全球汽车行业的头条属于比亚迪（002594），在刚刚过去的一年，比亚迪的纯电动汽车销量首次超越特斯拉，登顶全球，其2025年纯 电汽车销量达到225.67万辆，同比增长27.86%。 从2019年被特斯拉反超，到2025年重夺王座，比亚迪用了六年。但在长跑背后，故事的起点始于23年前的一场技术路线的漫长跋涉。 登顶的基石，正是一种曾被广泛认为不适合电动汽车的电池材料——磷酸铁锂（LFP）。它曾被主流电动车行业视为一条"笨路"，能量密度是硬伤。如今， 它因比亚迪的刀片电池而重生，成为全球汽车行业无法绕过的技术路线。 2002年，比亚迪董事长王传福拍板了磷酸铁锂方向。比亚迪电池事业群CTO孙华军告诉《21汽车·一见Auto》："王传福总始终在一线参与。"2000年，孙华 军从复旦大学化学系毕业后加入比亚迪，见证了比亚迪动力电池业务的成长。 孙华军说，当时行业主流路线有三条：手机电池采用的、能量密度高的钴酸锂；安全性较好的锰酸锂；以及能量密度最低、但热稳定性最好的磷酸铁锂。 当时，以松下、索尼为代表的全球头部电池企业，其技术重心集中在消费电子领域成熟的钴酸锂路线 ...

21世纪经济报道记者 焦文娟 2026年第一个工作日，全球汽车行业的头条属于比亚迪，在刚刚过去的一年，比亚迪的纯电动汽车销量 首次超越特斯拉，登顶全球，其2025年纯电汽车销量达到225.67万辆，同比增长27.86%。 从2019年被特斯拉反超，到2025年重夺王座，比亚迪用了六年。但在长跑背后，故事的起点始于23年前 的一场技术路线的漫长跋涉。 登顶的基石，正是一种曾被广泛认为不适合电动汽车的电池材料——磷酸铁锂（LFP）。它曾被主流电 动车行业视为一条"笨路"，能量密度是硬伤。如今，它因比亚迪的刀片电池而重生，成为全球汽车行业 无法绕过的技术路线。 2002年，比亚迪董事长王传福拍板了磷酸铁锂方向。比亚迪电池事业群CTO孙华军告诉《21汽车·一见 Auto》："王传福总始终在一线参与。"2000年，孙华军从复旦大学化学系毕业后加入比亚迪，见证了比 亚迪动力电池业务的成长。 孙华军说，当时行业主流路线有三条：手机电池采用的、能量密度高的钴酸锂；安全性较好的锰酸锂； 以及能量密度最低、但热稳定性最好的磷酸铁锂。 当时，以松下、索尼为代表的全球头部电池企业，其技术重心集中在消费电子领域成熟的钴酸锂路线 上。特 ...

Core Viewpoint - The collaboration between ByteDance's Seed team and BYD aims to enhance lithium battery research through AI technology and high-throughput experiments, particularly focusing on the development of the "Megawatt Flash Charging Battery" which can charge in 5 minutes for a range of 400 kilometers [2][3]. Group 1: Collaboration Details - ByteDance's Seed and BYD are deepening their partnership to explore AI for Science in conjunction with high-throughput experiments to accelerate lithium battery development [2]. - The collaboration will involve the establishment of an "AI + High-Throughput Joint Laboratory" to address challenges related to fast charging, battery lifespan, and safety [3]. Group 2: Technological Innovations - BYD's recent innovation, the Megawatt Flash Charging Battery, has garnered significant attention due to its capability of charging in just 5 minutes for a range of 400 kilometers [3]. - The Seed team from ByteDance contributed to the early stages of the Megawatt Flash Charging Battery's development by implementing the BAMBOO AI model framework for electrolyte formulation, which allows for rapid screening of electrolyte compositions [3]. - The BAMBOO model enhances the prediction of key electrolyte properties such as density, viscosity, and ionic conductivity, thereby expediting the research and development process compared to traditional trial-and-error methods [3].

Core Insights - ByteDance and BYD announced a collaboration to deepen the application of AI for Science technology in lithium battery research through the establishment of a joint laboratory [1][2] - BYD's recently launched megawatt fast-charging battery can achieve "charging in 5 minutes for a range of 400 kilometers," with significant contributions from ByteDance's BAMBOO AI model framework [1] - The BAMBOO framework utilizes machine learning to predict key performance indicators of electrolyte solutions, significantly reducing the research and development cycle [1][2] Technology Overview - BAMBOO-MLFF is a machine learning force field designed for liquid-phase organic small molecule design, integrating molecular dynamics algorithms with AI model network design [2] - BAMBOO-Mix is a formulation generation and prediction model that can generate potential formulations based on constraints and quickly predict properties of given formulations [2] - The BAMBOO framework effectively addresses the challenges of high computational costs associated with traditional quantum mechanics simulations while maintaining accuracy [2] Industry Implications - The collaboration exemplifies the deep application value of AI technology in traditional manufacturing, potentially providing new development pathways for technological innovation in the power battery industry [3]

Group 1 - The core issue of range anxiety in electric vehicles remains unresolved, prompting major battery manufacturer CATL to heavily invest in battery swapping technology, aiming to build 1,000 battery swap stations for passenger vehicles this year and a mid-term goal of 10,000 stations [1] - BYD has introduced the "Megawatt Flash Charging" technology, which allows for charging in just 5 minutes for a range of 400 kilometers, addressing user charging anxiety [1] - BYD's self-developed liquid-cooled charging pile can output a maximum power of 1,360 kW, which, along with energy storage cabinets, can alleviate pressure on the power grid [1] Group 2 - BYD announced partnerships with Xiaojucharging and Xindian Tu to jointly build 10,000 and 5,000 Megawatt Flash charging piles, respectively, to promote the widespread adoption of this charging ecosystem across the country [2] - As of now, BYD has announced plans to build a total of 19,000 Megawatt Flash charging piles, with over 500 already completed, covering more than 200 core cities nationwide [4][5] - BYD's self-developed liquid-cooled Megawatt Flash charging terminal system is the first of its kind globally, with a maximum output capacity of 1,360 kW, and plans to establish over 4,000 Megawatt Flash stations across the country [4]

Investment Rating - The report maintains an "Overweight" rating for the fast charging industry, indicating a positive outlook for investment opportunities in this sector [1]. Core Insights - The fast charging industry is experiencing significant growth driven by the increasing demand for electric vehicles (EVs) and the need for efficient charging infrastructure. The report highlights that by the end of 2024, the number of electric vehicles in China is expected to reach 31.4 million, representing a year-on-year growth of 53.85% [5][12]. - The report emphasizes the urgency of addressing charging anxiety among consumers, with high-power fast charging being identified as a crucial solution. The current ratio of charging stations to electric vehicles remains inadequate, necessitating a substantial increase in fast charging infrastructure [5][22]. - The report outlines the technological advancements in high-voltage fast charging, which is becoming the mainstream solution for rapid energy replenishment. The adoption of high-voltage platforms is expected to penetrate the mid-to-high-end market significantly in the next 2-3 years [5][45]. Summary by Sections 1. Charging Infrastructure Gap and Demand for Fast Charging - The report notes a significant gap in charging infrastructure, with a projected vehicle-to-charging station ratio of 2.4:1 by the end of 2024, indicating a continued need for expansion [5][22]. - The rapid growth of electric vehicle ownership is driving an increase in charging demand, with public charging infrastructure expected to see a 54.99% year-on-year increase in charging volume by 2024 [16][22]. - National policies are actively promoting the development of high-power charging infrastructure to alleviate consumer charging anxiety and enhance the market potential for electric vehicles [5][40]. 2. Maturity of High-Voltage Fast Charging - The report highlights that the conditions for promoting high-voltage fast charging are becoming increasingly favorable, with expectations for rapid growth in adoption [5][45]. - The introduction of the "ChaoJi" charging standard in September 2023 is expected to accelerate the deployment of high-power charging infrastructure, enhancing compatibility and safety [45][46]. - High-voltage fast charging is identified as the leading trend in rapid energy replenishment, with significant advantages over traditional high-current charging methods [5][49]. 3. Systematic Upgrades in the Fast Charging Industry - The development of high-voltage fast charging is driving systematic upgrades across the industry, necessitating advancements in core components and materials for both charging stations and electric vehicles [5][59]. - The report indicates that major automotive manufacturers are increasingly launching high-voltage fast charging models, with a notable rise in market penetration for these vehicles in the mid-to-high-end segments [5][51]. - The construction of high-power charging infrastructure is accelerating, with industry leaders introducing megawatt-level charging technologies to enhance charging efficiency [5][59]. 4. Investment Recommendations - The report suggests focusing on leading companies within the high-voltage fast charging supply chain, including Shenghong Co., Ltd. (300693), Wolong Nuclear Materials (002130), CATL (300750), Tiannai Technology (688116), and Hongfa Technology (600885) [5].

文 | 新浪科技 张俊 张奥 "谢谢大家到访小米展台，现场领到礼物的朋友在留言区贴张图。" 虽然人未到，但雷氏营销的风还是吹到了上海车展现场——没有发布会，没有新车，但送礼 物的方式还是让小米展台人气爆棚。 雷军缺席之下，周鸿祎可谓成为上海车展"最忙车模"。他先后出现在小鹏、北京越野展 台，还被网红"卤鹅哥"现场强制"投喂"，也算是"顶流"背后的烦恼。 另外，虽有近 1000 家中外知名企业参展，但一些车企还是因为各种原因缺席。比如陷入 经营困境的哪吒汽车，中国销量下滑的兰博基尼、玛莎拉蒂、劳斯莱斯等多家超豪华品牌， 还有多家韩系、法系车企等。 雷军缺席， 周鸿祎成"顶流"？ 2024 北京车展， 360 集团创始人周鸿祎一身红衣坐在一辆车上，引发大量围观，被调侃 为"最老车模"。 而这一次上海车展，周鸿祎也再次当起了车模。他首先作为神秘嘉宾现身小鹏汽车展台，与 小鹏汽车 CEO 何小鹏共同参观小鹏机器人 IRON 。"我们期待着更多这样的机器人来当牛 马。"周鸿祎调侃道。 另外，周鸿祎还作为 BJ40 增程新车车主，亮相了北京越野展台。发布会现场，北汽集团 董事长张建勇亲自为周鸿祎交付新车。 不过，"最忙车 ...

Core Viewpoint - BYD has launched its new models Han L and Tang L based on the Super e-platform, showcasing advancements in electric vehicle technology and performance [1] Pricing Information - The price range for Han L is set between 209,800 to 279,800 yuan, while Tang L is priced between 229,800 to 289,800 yuan [1] Technical Specifications - Both models are equipped with megawatt fast-charging batteries and a high charging voltage of 1000V [1] - The Han L EV has a tested acceleration time of 0 to 100 km/h in as fast as 2.7 seconds [1]