近日， 2025 年最后一批工信部《道路机动车辆生产企业及产品公告》（第 402 批）正式公布。 作为今年的收官新车预告，各大电池企业铆足了劲画下今年装车的句点。 本批公告共公示了 163 辆新车，三元、铁锂占比分别为 17% 、 83% ，纯电车型 82 辆，插混 / 增程车型 81 辆，差距进一步缩小。 其中，三元车型多以插混为主，纯电车型中出现了宝马 iX1 ，电池供应商为亿纬锂能。 此前有消息称， 宝马 iX1 将搭载宝马第六代 eDrive 电驱系统，并使用全新的圆柱电池。 可推测 此批公告中的新车可能搭载的三元电池是亿纬大圆柱。 根据亿纬在 8 月公布的投资者关系活动可得知，其大圆柱新产品在今年三季度开始量产交付，今 年交付量预计不大。 2026 年荆门大圆柱工厂预计会是满产状态。而此次公告的宝马新车电池便 来自湖北亿纬。 从企业来看，宁德时代本批配套数量比例不足三分之一，仅为 48 辆。弗迪、国轩高科、瑞浦兰 钧、欣旺达群起，纷纷拿下 10 辆及以上新车配套。 值得一提的是，宁德时代 5C 电池此前已多次出现在工信部公告中，此次更是拿下了东风日产 NX8 的配套。 东风日产 NX8 作为天演架构 ...

Core Viewpoint - The article discusses the strategic developments of Li Auto in the electric vehicle battery sector, particularly focusing on its self-research and production of batteries to enhance safety, performance, and supply chain stability [3][5][6]. Group 1: Event Information - The 2025 (10th) Starting Point Lithium Battery Industry Annual Conference and Lithium Battery Golden Ding Award Ceremony will be held on December 18-19, 2025, at the Venus Royal Hotel in Shenzhen, with an expected offline attendance of over 2000 and online viewership of 30,000 [2]. Group 2: Li Auto's Battery Strategy - Li Auto aims to regain its leading position in range-extended products by 2026, with a focus on optimizing luxury quality and user experience in its upcoming L series models [3]. - The company has established a joint venture, Shandong Li Auto Battery Co., Ltd., with a registered capital of 300 million RMB (approximately 42 million USD), to focus on self-research and mass production of lithium batteries [3][4]. - Unlike its previous collaboration with CATL, the new partnership with Sunwoda allows Li Auto to lead the design and production processes, branding the batteries as "Li Auto Batteries" [4]. Group 3: Research and Development - Li Auto's battery R&D team has grown to over 200 members, with the company president closely monitoring progress every two weeks to ensure alignment with production timelines [4]. - The battery supply strategy includes a dual approach of "purchasing + self-research joint venture," primarily sourcing from CATL while collaborating with Sunwoda for self-researched battery projects [4]. Group 4: Market Positioning and Consumer Trust - The shift to self-researched batteries will provide Li Auto with greater control over battery specifications, allowing for customized development that aligns with vehicle performance needs [5]. - By producing its own batteries, Li Auto aims to reduce costs and enhance pricing power in a competitive market, while also addressing consumer concerns regarding non-CATL batteries [6]. - The trend of automakers developing their own batteries is becoming prevalent in the industry, with companies like Tesla, Volkswagen, and NIO also pursuing similar strategies [6].

Core Viewpoint - Li Auto's third-quarter revenue fell by 36.2% year-on-year, resulting in a net loss of 624 million yuan, a stark contrast to a net profit of 2.8 billion yuan in the same period last year, highlighting significant delivery declines and pressures during the transition period [1][16][19]. Financial Performance - Total revenue for Q3 was 27.4 billion yuan, down 36.2% year-on-year and 9.5% quarter-on-quarter, primarily due to reduced vehicle deliveries [16]. - Vehicle sales accounted for 25.9 billion yuan, a decrease of 37.4% year-on-year and 10.4% quarter-on-quarter [16]. - Gross profit for Q3 was 4.5 billion yuan, down 51.6% year-on-year and 26.3% quarter-on-quarter, with a gross margin of 16.3% compared to 21.5% in the same period last year [16][19]. - Operating expenses were 5.6 billion yuan, a decrease of 2.5% year-on-year but an increase of 7.8% quarter-on-quarter [17][19]. - The company reported an operating loss of 1.2 billion yuan, compared to an operating income of 3.4 billion yuan in the same period last year [19]. Strategic Direction - CEO Li Xiang announced a return to a "startup management model" to navigate the challenges of the next decade, moving away from a professional manager system [1][6][8]. - The focus will shift towards redefining products as "embodied intelligent robots," emphasizing AI's understanding of the physical world and proactive service capabilities [1][10][11]. - The self-developed M100 AI chip is expected to be delivered by 2026, aiming to transform vehicles from passive functions to proactive automated services [1][22][41]. Technological Development - Li Auto is developing a full-stack self-research capability in electric drive systems, including self-developed silicon carbide power chips and power modules [2][24]. - The company plans to mass-produce its self-branded 5C battery next year, focusing on ultra-fast charging capabilities [2][25]. - The next-generation platform and chip development has already commenced, with expectations of achieving performance-cost ratios exceeding current high-end chips by three times [1][41]. Product Strategy - The L series will undergo significant upgrades by 2026, featuring an 800V high-voltage platform and 5C ultra-fast charging technology, aiming to regain leadership in range-extended products and significantly increase pure electric penetration [2][24][33]. - The company is committed to enhancing user experience by focusing on the core value of products rather than merely competing on specifications [9][10].

Group 1 - The core point of the article is the launch of the Xiaopeng X9 Super Extended Range version, which is priced at 309,800 yuan, significantly lower than market expectations and previous pre-sale pricing [1] - The pre-sale orders for the X9 Super Extended Range version reached nearly four times that of the 2024 X9 pure electric version within the first hour, indicating strong market demand [1] - The vehicle's performance in terms of range is highlighted, with the X9 Super Extended Range version achieving a pure electric range of over 452 km and a comprehensive range of 1,602 km, making it the longest-range large seven-seat MPV globally [1] Group 2 - The exclusive battery supplier for the X9 Super Extended Range version is Zhongchuang Xinhang, which provides a 5C supercharging battery that is the first of its kind in the industry [2] - The battery can charge from 10% to 80% in just 11.5 minutes, showcasing advanced technology that balances fast charging efficiency with safety [2] - This collaboration marks a significant breakthrough for Zhongchuang Xinhang in the extended range market, potentially solidifying its leading position in the extended battery sector as the Xiaopeng X9 gains popularity [2]

Core Viewpoint - The article discusses the launch of Xiaopeng's new range-extended model, the X9, highlighting its significance in the transition from pure electric vehicles to range-extended vehicles, particularly in the MPV segment. Group 1: Product Features - Xiaopeng X9 is equipped with a "63.3kWh large battery + 60L large fuel tank," which is noted as the industry's first combination of high-capacity battery and fuel tank for MPV models, addressing the need for long-range capabilities [4] - The vehicle features an 800V high-voltage platform that enables 5C super-fast charging, with a CLTC pure electric range of up to 450 km and a comprehensive range of 1500 km [5][6] Group 2: Market Analysis - The sales of range-extended vehicles are projected to reach 1.167 million units in 2024, representing a year-on-year growth of 78.7%, surpassing both pure electric and plug-in hybrid vehicles [9] - Xiaopeng aims to cater to diverse global markets by adopting different technological routes to meet varying infrastructure, customer needs, and regulatory environments [10] Group 3: Strategic Positioning - The range-extended technology is expected to provide higher premiums and profit margins in the MPV market, especially with advancements in fast-charging technology [8] - The X9 is primarily targeted at overseas markets where charging infrastructure is less developed, thus increasing the demand for vehicles that can operate on both electricity and fuel [10]

Core Insights - Shandong Ideal Automotive Battery Co., Ltd. was established on October 13, 2025, with a registered capital of 300 million RMB [2][3] - The company is a joint venture between Ideal Automotive and Xinwanda Power Box, each holding a 50% stake [3] Company Overview - The registered address is located at No. 999, Shenzhen Road, Building B6, 1st Floor, Zhangfan Street, Zaozhuang High-tech Zone, Shandong Province [2][3] - The business scope includes battery manufacturing, sales, emerging energy technology research and development, electric vehicle charging infrastructure operation, and various electronic product sales [2][3] Strategic Partnerships - Ideal Automotive maintains a long-term strategic partnership with CATL, focusing on battery safety and ultra-fast charging technology [4] - This diversified collaboration model helps ensure supply chain stability while enhancing the autonomy of battery technology [4] Technological Investment - Significant investments have been made in battery technology, particularly in the development of 5C ultra-fast charging batteries [4] - The self-developed battery technology encompasses chemical systems, battery structures, and core algorithms for battery management systems (BMS), which will improve charging speed and range [4]

Group 1 - The article discusses the establishment of a joint venture between Li Auto and battery manufacturer Sunwoda, marking a shift from a transactional relationship to a collaborative partnership [4][5][8] - The joint venture, Shandong Li Auto Battery Co., Ltd., is a 50:50 investment aimed at producing and selling lithium-ion batteries for electric vehicles, with Li Auto leading the R&D efforts [5][9] - Li Auto's battery R&D team consists of over 200 members, and the self-developed battery products are expected to be launched in production models by 2026 [5][9] Group 2 - Li Auto's strategy includes a dual approach of self-research and external procurement of batteries, focusing on high-performance 5C supercharging batteries [10][11] - Current battery suppliers for Li Auto include CATL, Sunwoda, and Honeycomb Energy, with a recent five-year strategic cooperation agreement signed with CATL [12][13] - The collaboration with CATL aims to enhance supply chain stability and market expansion, while the joint venture with Sunwoda accelerates the development of self-researched batteries [13][14] Group 3 - The partnership between automotive companies and battery manufacturers is expected to reshape the electric vehicle industry, with self-research becoming essential for leading companies to enhance competitiveness [14]

Core Viewpoint - The establishment of a joint venture between Li Auto and Sunwoda Power Technology aims to enhance the production and supply of lithium-ion batteries for electric vehicles, reflecting a strategic move to strengthen supply chain resilience and competitiveness in the automotive industry [4][9]. Group 1: Joint Venture Details - The joint venture is a 50:50 partnership between Beijing Li Auto and Sunwoda Power Technology, focusing on the production, manufacturing, and sales of lithium-ion batteries for electric vehicles [3]. - This collaboration is part of a broader trend in the industry where automakers and battery manufacturers form joint ventures to address supply chain challenges and improve competitive positioning [4]. Group 2: Strategic Importance - Analysts suggest that such joint ventures allow automakers to secure priority access to battery production capacity, ensuring stability in production and delivery [4]. - The partnership also enables automakers to engage in core battery research and manufacturing, sharing profits in this high-margin sector, while battery suppliers can mitigate investment risks [4]. Group 3: Additional Collaborations - Recently, Li Auto signed a five-year comprehensive strategic cooperation agreement with CATL, focusing on battery safety and ultra-fast charging technology, which will further enhance their collaboration in battery technology innovation and global expansion [4]. - The batteries developed in collaboration with CATL, such as the 5C ultra-fast charging battery for the Li MEGA, highlight the extensive joint development efforts involving large teams from both companies [5]. Group 4: Supply Chain Management - Li Auto's supply chain management is categorized into four levels, employing various cooperation models, including self-research and manufacturing, strategic partnerships, and deep collaborations [7]. - The decision-making process regarding whether to self-develop or source technology from suppliers is based on the technology's impact on product performance and the ability to meet development speed and quality requirements [7][8]. Group 5: Self-Research and Manufacturing Strategy - Li Auto has adopted a self-research and self-manufacturing approach for key components like electric drive and silicon carbide, forming joint ventures with partners for these areas [8]. - The establishment of the joint venture with Sunwoda is seen as a significant step in advancing Li Auto's self-research and self-manufacturing supply chain strategy [9].

Core Insights - The article discusses the launch of the Li Auto i8, a new six-seat pure electric SUV priced between 350,000 to 400,000 yuan, which aims to establish a new growth point for the company as it transitions from range-extended vehicles to pure electric models [1][2]. Group 1: Product Features and Specifications - The i8 is built on an 800V high-voltage platform and offers two battery options: 90.1 kWh and 97.8 kWh, providing CLTC ranges of 670 km and 720 km respectively, with a maximum energy consumption of 14.8 kWh per 100 km [1]. - The vehicle will feature Li Auto's self-developed Mind VLA driver assistance architecture and will be equipped with Hesai ATL LiDAR for safety redundancy [5][6]. - The i8 incorporates a silicon carbide motor, which helps maintain energy consumption between 14.6 kWh/100 km and 14.8 kWh/100 km, and offers improved space utilization by freeing up 24 mm of longitudinal space in the third row [14][15]. Group 2: Competitive Landscape - The i8 faces stiff competition in the large six-seat pure electric SUV market, particularly from models like the extended Model Y and the L90, which are priced significantly lower [3][4]. - To differentiate itself, Li Auto plans to enhance its intelligent driving capabilities and address the challenges of range and charging speed through innovations like 5C ultra-fast charging technology [4][22]. Group 3: Supplier Collaboration and Innovation - Li Auto has established a unique co-creation mechanism with suppliers, such as Hesai Technology, to ensure that user-centric design principles are integrated into product development [13][14]. - The ATL LiDAR developed for the i8 has seen significant innovations, including a 60% reduction in size and a 55% decrease in power consumption while doubling performance compared to previous models [11]. - The collaboration with suppliers extends to the development of silicon carbide modules, which enhance efficiency and reduce energy loss, contributing to improved vehicle range [19][21]. Group 4: Battery Technology and Safety - The i8 features a 5C battery from CATL and Xinwanda, capable of charging to provide a range of 500 km in just 10 minutes, with enhanced safety measures through an inverted battery pack design [22][24]. - The design of the battery pack has been optimized for space utilization, allowing for a more compact structure that increases passenger space while maintaining safety standards [24][28]. Group 5: Quality Control and Data Utilization - Li Auto emphasizes proactive quality control by integrating supplier data into its systems to identify potential issues before they arise, contrasting with the reactive approaches of other manufacturers [30][32]. - The company has developed a deep understanding of supply chain management, particularly in the context of emerging technologies like silicon carbide, to ensure high-quality production standards [31][33].