出品丨虎嗅汽车组 作者丨李赓 头图丨视觉中国 在锂电池发展中吃尽红利的宁王，究竟要在哪一条赛道再次起跑？一直是外界最关心的问题。 回顾宁德时代最近几年的发展，"第二曲线"储能电池的出货量增长，一定程度上延续了宁德时代的锂电池发展红利。以2024年为例，储能业 务的出货量增速就再次超过了动力电池业务，让宁德时代在营收小幅度下滑的前提下，仍实现了净利润同比增长15%。 但这种"制造+交付"锂电池逻辑的潜在压力依旧明显： 在海外电池业务的发展上，无论是动力电池还是储能电池的海外落地生产都并不顺利，需要面对法规和政策上的重重限制； 储能行业竞争压力也并不小，激烈的竞争即便不影响市场份额也会影响电池单价。 电池技术的发展，愈发临近下一个变革窗口，尤其是固态电池的将从何处"变革"，宁德时代自己也不敢说100%的把握。 继续寻找新的"增长曲线"就成为了必然的选择。 宁德时代最近几年各种新动作越来越多，除了继续加大电池本身的技术研发之外，打造以宁德时代电池为核心的换电服务，以电池供应商的 身份打造滑板底盘，将动力电池技术推向航空、航海等新领域。 这些新方向各有特点，但换电已然成为当下宁德时代新增长曲线落地速度最快的一个。 宁 ...

在锂电池发展中吃尽红利的宁王，究竟要在哪一条赛道再次起跑？一直是外界最关心的问题。 回顾宁德时代最近几年的发展，"第二曲线"储能电池的出货量增长，一定程度上延续了宁德时代的锂电池发展红利。以2024年为例，储能业务的出货量增速 就再次超过了动力电池业务，让宁德时代在营收小幅度下滑的前提下，仍实现了净利润同比增长15%。 但这种"制造+交付"锂电池逻辑的潜在压力依旧明显： 在海外电池业务的发展上，无论是动力电池还是储能电池的海外落地生产都并不顺利，需要面对法规和政策上的重重限制； 储能行业竞争压力也并不小，激烈的竞争即便不影响市场份额也会影响电池单价。 电池技术的发展，愈发临近下一个变革窗口，尤其是固态电池的将从何处"变革"，宁德时代自己也不敢说100%的把握。 继续寻找新的"增长曲线"就成为了必然的选择。 宁德时代最近几年各种新动作越来越多，除了继续加大电池本身的技术研发之外，打造以宁德时代电池为核心的换电服务，以电池供应商的身份打造滑板底 盘，将动力电池技术推向航空、航海等新领域。 这些新方向各有特点，但换电已然成为当下宁德时代新增长曲线落地速度最快的一个。 宁德时代具体负责换电业务的子公司是"时代电服"（ ...

点 击 蓝 字 关 注 我 们 本文全文共 3865 字，阅读全文约需 13 分钟 目录 国内新闻 1.北京:鼓励科技时尚新车型"出海"逐梦 1.日本承诺在美国增产汽车并强化稀土合作 2.印度塔塔汽车计划未来5年投资41亿美元 3.通用汽车未来两年将对美国工厂投资40亿美元 4.特斯拉在得州进入自动驾驶车辆测试阶段 商用车 2.河北发布《关于促进能源领域民营经济发展若干细化举措的通知》 3.2024年上海新能源汽车保有量超151万辆 1. 丰田与戴姆勒敲定卡车业务合并方案 4.七家车企承诺:支付账期不超过60天 2. 苏州金龙亮相第八届旅游客运行业发展大会 8.宁德时代投资布局 换电领域竞争加剧 国外新闻 5.广汽计划至2025年下半年进入阿根廷市场 6.比亚迪计划到2026年将南非经销商网络扩大近两倍 7.上汽大通汽车公司增资至约103.3亿元 3. 江淮商用车价值中国行登陆广州 4. 东风新疆有限公司燃气重卡出口非洲 国内新闻 1 北京:鼓励科技时尚新车型"出海"逐梦 时间:2025.6.11 来源: 盖世汽车 作者: 李争光 日前，北京市经济和信息化局等五部门联合印发了《北京市时尚产业高质量发展实施方案 ...

Core Insights - CATL has successfully launched its 100th "Chocolate" battery swap station in Shanghai, expanding its network to 24 cities and achieving a milestone of building over 100 stations in a single month [1] - The company is actively collaborating with NIO and Sinopec to develop a comprehensive battery swap ecosystem for electric vehicles, indicating a strategic push into the battery swap market [2][6] - The partnership with Sinopec aims to establish a nationwide battery swap network, with a target of building at least 10,000 stations in the future, significantly enhancing the infrastructure for electric vehicles in China [8][10] Group 1: Industry Developments - CATL's strategy includes standardizing battery sizes for its swap stations, introducing two types of battery swap blocks named 20 and 25 [2] - The collaboration with Sinopec is expected to accelerate the construction of battery swap stations, with plans to build at least 500 stations this year [6][8] - The total number of battery swap stations in China is projected to increase significantly, with CATL's initiatives likely to surpass the current market leader, NIO, which has built 3,341 stations as of May 2025 [11] Group 2: Competitive Landscape - NIO, as a pioneer in the battery swap model, may face increased competition from CATL's expanding network, which could dilute its market differentiation [11] - Other automakers can leverage CATL and Sinopec's battery swap network to introduce competitive models, potentially diverting NIO's customer base [12] - The entry of more players into the battery swap market is expected to enhance consumer acceptance and recognition of the battery swap model [7][15] Group 3: Future Outlook - The push for standardization in battery technology is crucial for the industry's growth, with both CATL and Sinopec aiming to create a unified energy infrastructure [10] - The involvement of major players like CATL in the battery swap market is seen as a positive development for the overall industry, fostering healthy competition and innovation [14][15] - The anticipated growth in battery swap stations and the introduction of new models by various manufacturers indicate a shift in the market dynamics, making battery swapping a necessary option for electric vehicle manufacturers [14]

Core Viewpoint - CATL is significantly expanding its business in the battery swap sector, establishing numerous new companies and facilities across China, indicating a strategic focus on this emerging market [2][3][10]. Group 1: Company Establishments - CATL has established approximately 50 battery swap-related companies in the first five months of this year, with a focus on regions such as the Yangtze River Delta, Pearl River Delta, Central China, South China, and Sichuan-Chongqing [3]. - The newly established companies include Times Qiji in Guiyang and Taiyuan, both with a registered capital of 20 million yuan, and others in Changsha and Chongren with registered capitals of 580,000 yuan and 3.81 million yuan respectively [3]. Group 2: Battery Swap Stations - In May, CATL built over 100 "chocolate" battery swap stations, with the 100th located in Shanghai, showcasing rapid network expansion [4]. - CATL plans to establish 1,000 battery swap stations this year, while NIO aims for a cumulative total of 4,000 stations [4][5]. - The design of CATL's swap stations allows for a more efficient use of space compared to NIO's, which requires reversing into the station [4]. Group 3: Cost and Collaboration - The cost of CATL's chocolate battery swap stations is lower by 500,000 yuan compared to NIO's stations, indicating a competitive advantage in terms of infrastructure costs [5]. - Despite being competitors, CATL and NIO have a collaborative relationship, with CATL investing 2.5 billion yuan in NIO while maintaining separate battery swap networks [5]. Group 4: Market Positioning - CATL is targeting a broader market beyond passenger vehicles, including the heavy-duty truck battery swap segment, with plans to establish a comprehensive swap network covering 150,000 kilometers by 2030 [6][10]. - The CEO of Times Qiji expressed the ambition to lead the heavy-duty truck battery swap model, highlighting CATL's strategic positioning in this niche [7]. Group 5: Industry Trends - The battery swap sector is emerging as a significant opportunity, attracting attention from major automotive manufacturers and energy companies, indicating a growing interest in this business model [9][10]. - Various companies, including state-owned enterprises and third-party operators, are entering the battery swap market, contributing to the maturation of the industry [10].

Core Insights - CATL's chocolate battery swap network has achieved a significant milestone with the establishment of its 100th battery swap station in Shanghai within May [1] - The chocolate battery swap service has expanded to 24 cities across China and has successfully built 100 new stations in a single month, demonstrating a strong lead in the industry [1] - CATL plans to collaborate with Sinopec to jointly construct at least 500 battery swap stations by 2025, with a long-term goal of expanding to 10,000 stations, aiming to make battery swapping as convenient as refueling [1]

Group 1: Record IPO and Market Response - Ningde Times successfully listed on the Hong Kong Stock Exchange on May 20, 2025, raising a net amount of HKD 35.331 billion (approximately USD 4.5 billion) with an initial share price of HKD 263, setting a record for the largest IPO in Hong Kong in nearly four years [1] - The IPO attracted participation from 23 top global institutions, securing a cornerstone subscription of USD 2.628 billion, which accounted for 57.13% of the shares offered, indicating strong global capital recognition of the company's technological strength and industry position [1] - On its first trading day, the stock price opened 13% higher, with a market capitalization exceeding HKD 1.4 trillion, making it one of the highest-valued new energy companies in the Hong Kong market [1] Group 2: Strategic Positioning and Vision - The chairman of Ningde Times, Zeng Yuqun, announced the company's new positioning as not just a battery manufacturer but also a provider of system solutions, aiming to become a zero-carbon technology company [2] - This strategic shift signifies a transition from a single product supplier to a comprehensive technology service provider, with a core goal of driving the global energy system's zero-carbon transformation through technological innovation [2][4] Group 3: Zero-Carbon Strategy Implementation - Ningde Times has committed to achieving carbon neutrality in core operations by 2025 and in the entire value chain by 2035, ahead of its South Korean counterparts by over 15 years [5] - As of May 2025, nine factories have received zero-carbon certification, with all factories expected to complete the zero-carbon transition within the year [5] Group 4: Global Expansion and Production Capacity - 90% of the funds raised from the IPO (approximately HKD 31.8 billion) will be invested in the construction of the Debrecen base in Hungary, which is Ningde Times' first overseas super factory with a planned total capacity of 72 GWh [6] - The first phase of the project has already invested EUR 700 million and is expected to start production in 2025, primarily serving major European automakers such as BMW, Mercedes-Benz, and Volkswagen [6] Group 5: Technological Innovations - Ningde Times is redefining industry boundaries with innovations such as the Kirin battery (CTP 3.0), the Shenzhou ultra-fast charging battery (4C rate), and the Xiaoyao dual-core battery (sodium-iron/iron-iron combination), with the second-generation Shenzhou battery achieving a peak charging rate of 12C [9] - The company has also launched the world's first mass-producible 9MWh large-capacity energy storage system, TENER Stack, designed to meet 99% of global transportation regulations [9] Group 6: Market Opportunities in Zero-Carbon Economy - Ningde Times' zero-carbon technology strategy encompasses three trillion-level markets: global zero-carbon transportation, global zero-carbon electricity, and the greening of traditional high-energy-consuming industries [11] - As of early 2025, the company holds a 38.3% global market share in power batteries, maintaining its position as the industry leader for nine consecutive years [11] Group 7: Industry Impact and Future Outlook - The IPO of Ningde Times is viewed as a milestone in the globalization of Chinese new energy enterprises, setting a benchmark for green transformation in the industry [12] - The company's vision of becoming a zero-carbon technology company is expected to create a trillion-level industrial ecosystem covering "mining-manufacturing-recycling-energy services" by 2030, positioning it as a core driver of global zero-carbon technology [12]

Core Viewpoint - CATL is positioning itself as a leader in the heavy-duty truck battery swapping market, leveraging its advancements in battery technology and the current favorable market conditions for electric vehicles [4][5]. Group 1: Battery Swapping Initiatives - On May 18, CATL announced the launch of the 75 standardized battery swapping block and a comprehensive battery swapping solution for heavy-duty trucks [1][2]. - The company aims to establish an "eight horizontal and ten vertical" battery swapping green network by 2030, with a target of achieving over 50% electrification penetration in heavy-duty trucks within three years [2]. - The 75 standardized battery block offers three main advantages: lowest lifecycle cost per ton-kilometer, highest safety performance in the industry, and perfect adaptability to battery swapping models [2][4]. Group 2: Market Strategy and Positioning - CATL's entry into the heavy-duty truck battery swapping sector is driven by the current cost advantages of electricity compared to diesel, making it an opportune time to capture market share [4]. - The 75 battery has a capacity of approximately 171 kWh, allowing different sizes of heavy-duty trucks to utilize two or three blocks, thus saving 5-7% of cargo space [4]. - The company plans to build 300 battery swapping stations in key regions such as the Yangtze River Delta and the Greater Bay Area, aiming to cover 80% of trunk transport capacity with a nationwide network in five years [2][4]. Group 3: Diversification and Ecosystem Development - CATL is pursuing a dual strategy in both ultra-fast charging and battery swapping, indicating a comprehensive approach to market opportunities [7][8]. - The company has transitioned from a battery manufacturer to a full-solution provider, aiming to create an ecosystem that integrates ultra-fast charging, battery swapping, and energy storage [8]. - The diversification strategy is seen as essential for overcoming growth bottlenecks, with investments in upstream materials and downstream vehicle manufacturers to build a robust ecosystem [9].

Core Viewpoint - The article discusses the upcoming secondary listing of CATL (Contemporary Amperex Technology Co., Limited) on the Hong Kong Stock Exchange, highlighting its potential to raise at least $5 billion for international expansion and operational funding, amidst a competitive landscape in the lithium battery industry [5][11][12]. Group 1: Company Overview - CATL is recognized as a leading player in the Chinese power battery industry, having achieved a significant market share and impressive growth since its IPO in 2018 [3][4]. - The company plans to issue no more than 5% of its total shares in the upcoming IPO, with a potential fundraising target of approximately 364 billion RMB [8][9]. Group 2: Financial Performance - CATL reported revenues of approximately 328.59 billion RMB, 400.92 billion RMB, and 259.05 billion RMB for the years 2022, 2023, and the first nine months of 2024, respectively, with net profits of 33.46 billion RMB, 47.34 billion RMB, and 38.81 billion RMB for the same periods [12]. - The company anticipates a revenue decline of 8.7% to 11.2% in 2024 compared to 2023, while projecting a net profit growth of 11% to 20% [12]. Group 3: Strategic Initiatives - The funds raised from the IPO are expected to be allocated towards expanding overseas production capacity, particularly in Hungary, and enhancing operational liquidity [11][15]. - CATL has established multiple battery production bases globally, including significant investments in Germany and Hungary, to cater to local automotive manufacturers [15][16]. Group 4: Market Dynamics - Despite maintaining a leading position with a market share of 37.9% and an installed capacity of 339.3 GWh in 2024, CATL faces increasing competition from domestic and international players [17]. - The company is shifting focus towards international markets, with overseas revenue accounting for 30.3% of total income in the first half of 2024, indicating growth potential in these regions [19]. Group 5: Diversification Efforts - CATL is exploring new business avenues, including battery swapping and robotics, to diversify its operations and mitigate risks associated with market saturation [23][24]. - The company has set ambitious goals for establishing battery swap stations and is investing in robotics technology, indicating a strategic pivot beyond traditional battery manufacturing [24][26].

【江苏前锦】 新能源、新材料实验中心正式对外启用! 、新材料联合实验室 (小试、中试服务) (小试实验室、中试产线建设) 实验室位于江苏宣兴经济技术开发区,面积1500㎡,由江苏前锦炉业设备有限公司牵头, 联合直兴精新粉体设备科技有限公司、无锡晨颖机械科技有限公司、无锡福安粉体设备有限公 旬,宏晓智能装备科技江苏有限公司、驭纳智造(江苏)新能源装备有限公司等主机厂家,携手清 华大学、中南大学、厦门大学等科研院校共同组建, 实验室拥有专业目经验丰富的设备操作人员、各类材料工艺人员,配备研磨,干燥、烧 结、混合、高温包覆、融合改性、机械粉碎、气流粉碎等前后端成套设备,并配备专业的制氮系 统、硅烷气体及氧化性气体,可为锂(钠)正负极材料、固态电解质材料、氢燃料电池、半导体 材料、石壁烯材料、碳纤维、硬纳米管,稀土、磁性材料、催化剂、电子粉体材料、先进陶瓷 靶材等新材料行业提供小试、中试服务及小试、中试产线成套建设。 实验室将充分发挥高校的科研优势和联盟企业的实践经验,实现产学研的完美结合。未来 将持续投入资源,不断优化升级装备,拓展实验领域,相信在各方的共同努力下,实验室将成为 科研转化成果的摇篮,为推动新能源、新 ...