Core Viewpoint - The article highlights SAIC Motor's strategic advancements in battery technology, particularly the introduction of the MG4 model featuring a semi-solid state battery, which marks a significant step towards achieving their solid-state battery goals. Group 1: MG4 Model and Battery Technology - The MG4 will be the first globally to mass-produce a semi-solid state battery, set to debut on August 5 with a starting price of under 90,000 yuan [1] - The new MG4 is equipped with a 70kWh semi-solid state battery developed in collaboration with Qingtao New Energy, containing only 5% liquid electrolyte, which is close to solid-state battery levels [1] - The energy density of the battery reaches 180Wh/kg, with a CLTC range of 537 kilometers, and a 13.8% improvement in low-temperature performance compared to traditional lithium iron phosphate batteries [1] Group 2: Three-Step Solid-State Battery Strategy - SAIC's strategy consists of three phases: 1. The first phase involves semi-solid products with a liquid content of 10% and energy density exceeding 300Wh/kg [2] 2. The second phase aims for quasi-solid products with 5% liquid content, utilizing new dry electrode technology and high-voltage cathode materials [2] 3. The final phase targets all-solid-state products with 0% liquid content, achieving a density exceeding 98% [2] - The first step was marked by the launch of the "first-generation light-year solid-state battery" in April 2024, which will be used in the Zhiji L6 model [2] Group 3: Future Projections - SAIC's President indicated that the first all-solid-state battery, named "Guangqi Battery," is expected to be launched by 2027, with a possibility of earlier production in 2026 [3] - The next generation of solid-state batteries is projected to have an energy density exceeding 400Wh/kg, a volumetric energy density over 820Wg/L, and a capacity exceeding 75Ah [3]

Group 1 - The Shanghai Auto Show commenced on April 23, showcasing SAIC Motor Corporation and its sub-brands including MG, Zhiji Auto, and Roewe, which unveiled the "Glocal Strategy" for overseas expansion [1][7] - MG introduced a new brand proposition "YOUNG FOREVER" and launched its first "boxy" model, Cyber X, along with the design-focused Cyberster Black and the 2026 MG Cyberster [2] - Roewe's A+ class electric sedan D6 was launched with a starting price of 79,800 yuan, offering two range options of 450 km and 520 km, with the executive stating that the pricing is not profitable but aims to increase market share [3] Group 2 - Zhiji Auto presented its new L6 model and announced a strategic plan for its self-developed "steer-by-wire digital chassis technology," which aims to enhance driving performance and safety [4] - SAIC's overseas strategy includes the development of 17 new models over the next three years, featuring a new HEV hybrid power system and plans for solid-state battery technology, with the first solid-state battery expected to launch in 2027 [7]

近期，电池板块新技术持续创新突破，钠电有望迈入量产元年，固态电池产业化持续推进，动力电池新国标发布也将为钠电、固态电池等新 技术提供发展机遇。看好电池板块技术突破带动板块估值重塑，认准低费率的电池50ETF（159796）。 4月22日，同类规模最大且是最低费率的电池50ETF（159796）水下震荡，当前跌0.37%。从技术分析来看，MACD白线上穿黄线，释放积极信 号。 【钠电有望进入量产元年】 开源证券火线点评，钠电有望进入量产元年。虽然钠电当前成本仍较高，但低温性能、安全性等相对锂电具有优势，有望在北方寒冷使用场 景下率先落地，从远期来看，钠电降本潜力广阔，且钠资源地壳含量为2.74%，约为锂的421倍，具备自主可控性。宁德钠电池量产构建钠电 从原材料、制造体系到应用端闭环，2025年有望成为钠电池量产元年，供应链有望受益。（来源于开源证券20250422《宁德时代科技日发 布"纳新"电池领跑行业，钠离子电池有望迎量产元年》） 电池50ETF（159796）成分股多数回调，多氟多涨超3%，特锐德、湖南裕能涨超2%，尚太科技、宁德时代涨超1%，三花智控、科华数据、欣 旺达等回调。 开源证券认为，钠电池能 ...

Core Viewpoint - The automotive industry is moving towards solid-state batteries, with SAIC Motor Corporation planning to launch its first solid-state battery, "Guangqi Battery," by 2027, and other companies expecting small-scale applications between 2027 and 2030, with large-scale applications post-2030 [1][2]. Group 1 - SAIC's new generation solid-state battery is set to be mass-produced on the new MG4 model by the end of this year [2]. - The new solid-state battery is expected to achieve mass production by 2026, featuring an energy density exceeding 400 wh/kg and a volumetric energy density over 820 wh/L, with a capacity surpassing 75 Ah [2]. - Enhanced safety features of the new solid-state battery ensure that it does not catch fire or explode under puncture or 200°C heat scenarios [2]. Group 2 - The solid-state battery demonstrates a low-temperature capacity retention rate of over 90%, indicating its suitability for a wider range of applications [2].

"为了应对市场的挑战，我们练就了三套'拳法'，内外兼修，准备在这场'肉搏战'中打出新天地。"上汽集团总裁贾健旭在4月10日晚的"上汽之夜"媒体发布会 上如是说。 按照贾健旭的打法，上汽集团第一套"拳"聚焦于内部调结构，整合自主品牌核心业务；第二套"拳"聚焦于外部协同，积极推动对外合作；第三套"拳"聚焦于 全球化，扩大海外版图，持续输出"中国智造"。 值得关注的是，贾健旭首度公开回应，与华为的合作是"智选车"模式。 上汽集团总裁贾健旭。 企业供图 谈及与华为的合作，贾健旭首度回应称，与华为合作是"智选车"模式，实现"技术共生、生态共创、价值共振"。"智选车"模式是华为不仅提供智能驾驶、智 能座舱等核心技术，还帮助上汽推动产品定义、设计、营销及销售环节，比如整合智能化解决方案，并通过鸿蒙智行渠道销售新车。 今年的2月21日，上汽集团与华为签署深度合作协议，打造全新的新能源智能汽车品牌及产品，首款车型为上汽集团开发，搭载华为电子电气架构和智能技 术，预计2025年第四季度推向市场。 华为终端智选车业务部总裁汪严旻在上汽之夜现场表示，华为终端与上汽集团将在产品定义、用户体验、质量和供应链管理、市场营销服全链条等领域展 ...

每经记者 黄辛旭 每经编辑 孙磊 贾健旭所说的第二套拳为"外家拳"，即聚焦于外部协同。 今年以来，上汽集团对外合作节奏正在加快。如，1月10日，上汽与宁德时代正式签署深化战略合作协议；1月19日，上汽集团与北京理工大学签署战略合作 协议；2月21日，上汽与华为终端有限公司签署深度合作协议，打造全新新能源智能汽车。 "坚持不设技术围墙、不做生态孤岛、不惧跨界竞争。"贾健旭称，上汽集团将与地平线、卓驭（原大疆车载）、鸿蒙智行、Momenta进一步合作，并且特别 谈及了与华为的合作，首度回应称与华为合作为智选车模式。 "上汽集团要跪着学习，站着创新。为了应对市场挑战，我们准备以三套'拳法'，内外兼修，在这场'肉搏战'中，打出上汽集团的新天地。"在4月11日的上汽 之夜上，上汽集团总裁贾健旭谈到了面对当下市场竞争，上汽集团的思考与打法。 第一套拳被贾健旭称之为"内家拳"，主要是上汽集团"刀尖对内"，掀起了一阵阵的改革潮。记者了解到，自去年年末开始，上汽集团在战略和架构上已经进 行了大刀阔斧的改革和重塑。 贾健旭透露，2025年为上汽集团OEM化元年，总体的改革方向是，上汽集团会有两块OEM业务，一是大乘用车业务，二是 ...

Domestic News - The Ministry of Industry and Information Technology (MIIT) will implement policies to regulate the lithium battery industry, focusing on enhancing industry management, accelerating technological innovation, expanding applications, ensuring industry safety, and improving the industrial ecosystem [2] - Beijing's Economic and Information Technology Bureau and Communication Administration have launched a plan to accelerate the integration of 5G communication modules in vehicles, promoting the development of new terminal ecosystems and innovative business models [3] - Chengdu's Economic and Information Technology Bureau has released a draft policy to develop the artificial intelligence industry, encouraging the opening of at least 70 application scenarios annually and providing financial rewards for successful projects [4] - The Lingang New Area Administrative Committee in Shanghai signed a cooperation agreement with Stellantis to establish a sustainable resource utilization center for vehicles and parts, focusing on circular economy practices [5] International News - Porsche has preemptively shipped additional inventory to the U.S. to avoid tariff impacts, maintaining stable pricing for March orders, while expecting operating profit margins to fall below the 10%-12% guidance range [6] - The European Commission has announced an "AI Continental Action Plan" aimed at simplifying AI-related regulations and enhancing competitiveness in the AI sector [7] - Tesla plans to produce its first Optimus humanoid robots this year and is actively recruiting for around 80 positions related to the project [8] Corporate News - SAIC Motor Corporation announced that its next-generation solid-state battery will be mass-produced by the end of this year, with the first solid-state battery, named "Guangqi Battery," expected to launch in 2027 [9] - Volkswagen aims to achieve over 15% market share in China by 2030, with 80% of its offerings being new energy products, and plans to launch over 20 electric models by 2027 [10] - Changan Automobile reported a 35.37% decline in net profit for 2024, despite a 5.58% increase in revenue, and proposed a cash dividend of 2.95 yuan per 10 shares [11] - JAC Motors reported a 15% increase in domestic sales and nearly 20% growth in international sales of its pickup trucks in the first quarter [12] - Leap Motor announced that its intelligent driving software will be free for models with driving assistance features, including refunds for previously paid users [13] - The chairman of FAW Bestune has been appointed as the chief accountant of Harbin Electric Group [14] - Hon Hai Precision Industry plans to launch multiple electric vehicle models in Japan by 2027, collaborating with local automakers [15]