Group 1 - Chongqing has made significant progress in the large-scale application of Vehicle-to-Grid (V2G) technology, with 209 bidirectional charging and discharging stations established this year, cumulatively discharging 405,200 kWh to the grid [2] - Xiaopeng Motors has the capability to develop range-extended configurations across its entire lineup, with the decision to adopt such systems depending on market demand and vehicle models; the range-extended version of the X9 model has started pre-sales at a starting price of 350,000 yuan [2] - Uxin's second-hand car storage and sales center in Wuhan has officially opened, being the largest single second-hand car market in Central China, capable of showcasing 5,000 vehicles simultaneously [2] Group 2 - Ora's new pure electric SUV, the Ora 5, will begin pre-sales on November 12, featuring a retro design, smart driving assistance, and a maximum power output of 150 kW from its drive motor, along with a lithium iron phosphate battery produced by Honeycomb Energy [2]

Core Insights - The world's first ultra-zero carbon building is set to be operational in August 2025 in Qingdao, Shandong, utilizing 100% green energy through photovoltaic power generation, battery storage, and electric vehicle discharging [1][3]. Group 1: Building Features - The building stands 117 meters tall with 23 floors, consuming approximately 6,000 kWh of electricity daily [3]. - It features a unique photovoltaic glass curtain wall on three sides, allowing for 25% self-sufficiency in electricity generation while maintaining natural light [3][5]. - The design incorporates alternating light and dark glass sections, optimizing both aesthetics and energy production without compromising interior lighting [5]. Group 2: Energy Storage and Management - The building utilizes 14 retired electric vehicle batteries for energy storage, enabling the capture of excess energy generated by the photovoltaic system [5][7]. - A V2G (Vehicle-to-Grid) technology is implemented, allowing electric vehicles to act as mobile energy storage units, contributing to the building's energy management [7][9]. - The energy management system is fully automated, utilizing nearly 24,000 sensors to optimize energy use and operational efficiency without manual controls [14]. Group 3: Economic and Environmental Impact - The shift towards green low-carbon intelligent construction technologies is expected to see explosive growth, driven by urban renewal and new urbanization efforts [15]. - The green transformation of the construction industry is viewed as a strategic choice to enhance industrial competitiveness and secure future economic advantages [17].

每经记者｜范文清 每经编辑｜裴健如 "V2G应该会成为中国电动车行业Deepseek现象级的事件。"9月22日，清华四川能源互联网研究院光储直柔应用技术研究所副所长李立理在"迈向零排放交通 论坛2025——暨中国清洁交通伙伴关系（CCTP）年度会议"上表示，2030年前，我国常态化放电的V2G车辆年销量有望超过千万辆，可能会复制光伏产业在 中国的发展历程。 所谓V2G（Vehicle-to-Grid），也即车网互动，主要包括智能有序充电和反向放电，通过能源交互模式，实现电动车与电网之间的双向能量流动。新能源汽 车车主可以在低谷期充电储能，在用电高峰时"放电卖电"，利用峰谷电价差赚取收益。 在今年9月举行的"2025中国汽车产业发展（泰达）国际论坛"上，中国科学院院士、清华大学教授欧阳明高也表示，"V2G是一块重要的价值洼地，电动汽车 将实现充电免费甚至成为赚钱工具，纯电动车将占据市场绝对主体地位"。 车企纷纷布局V2G 事实上，业内对V2G的关注度正在逐步升温。在今年9月举行的2025慕尼黑车展上，宝马以一款壁挂式专业双向充放电桩，再次引起业内注意，它将为V2G 技术在欧洲乃至全球的普及按下加速键。 公开数据 ...

"聚车成网，点亮龙城"。9月14日，常州市第二轮大规模V2G(车辆到电网)放电活动收官。本次活动覆盖 全市14个充电场站，共吸引661人次参与，总放电量达3.75万度，参与车主累计收益约15万元。 在8月首轮活动成功经验的基础上，本轮活动进一步优化安排：周期延长至7天，比首轮增加4天；每日 放电时段扩展为14：00至22：00，较之前每日增加8小时，更加方便车主参与活动。此外，常州市发改 委联合国网常州供电公司持续完善服务保障，确保本轮放电活动成效。 "相比上轮放电活动，本轮放电量达3.7倍、参与人次达2.6倍，为V2G可复制、可推广的应用场景提供了 更多样本，也表明V2G技术正获得越来越多车主的认可，这给我们持续探索V2G技术市场化应用更多信 心。"国网常州供电公司营销部主任李敏表示，下一步该公司将持续推动完善V2G技术应用相关的政策 体系和激励机制，扩大参与车辆和场站覆盖范围，构建车—桩—用户良性生态，打造全场景V2G技术应 用示范。 张春艳马灵涓丁昱焱徐多 校对陶善工 活动中，新能源车主每向电网放电1度，可获得4元收益。活动吸引了智己、蔚来、比亚迪（002594）等 多个品牌的新能源汽车车主积极参与。" ...

Core Viewpoint - The V2G (Vehicle-to-Grid) technology is emerging as a crucial solution for integrating electric vehicles with the power grid, enabling electric cars to act as mobile energy storage units and contributing to the construction of a new power system in China [2][4][6]. Group 1: V2G Technology and Market Growth - The number of electric vehicles in China is projected to surge from 120,000 in 2014 to 31.4 million by 2024, leading to increased charging loads on the grid [3]. - V2G technology allows for bidirectional energy flow, enabling electric vehicles to charge during off-peak hours and discharge energy back to the grid during peak demand, thus alleviating grid pressure [4][6]. - The Chinese government aims to establish over five demonstration cities and more than 50 V2G projects by the end of 2025 to validate the potential of electric vehicles as mobile energy storage resources [6][7]. Group 2: Economic Incentives and Pricing Mechanisms - Guangdong Province has set a pricing model for V2G, allowing electric vehicle owners to earn up to 0.9626 yuan per kWh during peak periods, creating an arbitrage opportunity for users [7]. - The potential earnings from V2G participation can significantly offset the costs of electric vehicle ownership, with estimates suggesting a lifetime value of 60,000 to 150,000 yuan for participating users [16]. Group 3: Challenges and Bottlenecks - The main barriers to V2G adoption include the lack of standardized pricing mechanisms, concerns over battery lifespan due to frequent charging and discharging, and the need for a clear profit-sharing model among stakeholders [8][9][11]. - Current battery warranty policies do not adequately cover the potential wear from V2G participation, leading to hesitance among vehicle owners [9]. - The complexity of implementing V2G in office parks and public charging stations poses additional challenges, including the need for standardized protocols and efficient profit distribution [11][13]. Group 4: Technological and Infrastructure Developments - The cost of V2G charging stations has decreased by over 40% compared to the previous year, making it more feasible for operators to invest in this technology [13][14]. - V2G technology has been validated through pilot programs, and the necessary infrastructure is being developed to support its widespread implementation [13][14]. Group 5: Future Directions and Recommendations - To enhance V2G adoption, it is essential to establish a sustainable business model that benefits all parties involved, including vehicle owners, grid operators, and manufacturers [16][18]. - The government is encouraged to provide financial incentives for companies that offer V2G warranty solutions and to clarify the pricing structure for V2G energy transactions [17][18].

Core Viewpoint - The article discusses the rapid development and potential of Vehicle-to-Grid (V2G) technology in China, highlighting its role in energy transition and the dual benefits for electric vehicle (EV) owners and the power grid [2][5][7]. Group 1: V2G Technology Overview - V2G technology allows electric vehicles to not only draw power from the grid but also send power back, transforming them into "mobile energy storage units" [5][7]. - The implementation of V2G is seen as a solution to the challenges posed by the increasing demand for electricity from EVs, particularly during peak hours [4][5]. Group 2: Government Initiatives - The National Development and Reform Commission and other agencies plan to establish over five demonstration cities and 50 dual-direction charging and discharging projects by the end of 2025 [7][8]. - Nine cities, including Shanghai and Guangzhou, have been included in the first batch of V2G application pilot projects, focusing on various scenarios such as residential charging and public charging stations [8]. Group 3: Economic Incentives - The pricing model for V2G has been clarified, with peak discharge prices reaching up to 0.9626 yuan per kWh, providing a financial incentive for EV owners to participate [8][9]. - The potential earnings from V2G participation can significantly offset the costs of EV ownership, with estimates suggesting a lifetime value of 60,000 to 150,000 yuan for participating users [18]. Group 4: Challenges to Scale - Key challenges include the lack of a unified pricing and revenue distribution mechanism, which affects the willingness of stakeholders to invest in V2G infrastructure [10][11]. - Concerns about battery lifespan and warranty coverage for EVs participating in V2G are significant barriers to broader adoption [11][12]. Group 5: Technological and Market Developments - The cost of V2G charging stations has decreased by over 40% compared to the previous year, making it more feasible for operators to invest in this technology [15][16]. - The technology has matured, with the necessary infrastructure and equipment being validated for broader implementation [15][16]. Group 6: Future Directions - To promote V2G, a sustainable business model must be established that benefits all parties involved, including EV owners, automakers, and grid operators [18][19]. - The establishment of clear national pricing policies for V2G is essential for creating a predictable revenue model, similar to what has been achieved in the solar energy sector [19].

Company News - *ST Yazhen's stock experienced a significant deviation with a cumulative increase of 12% over three consecutive trading days, leading to a suspension of trading starting August 7, 2025, for a maximum of 10 trading days for verification [2] - BeiGene reported a 45.8% year-on-year increase in product revenue for the first half of 2025, totaling 17.36 billion yuan, with total revenue of 17.52 billion yuan, up 46.0% year-on-year, and a net profit of 450 million yuan, marking a return to profitability [2] - Xianhe Co. plans to invest approximately 11 billion yuan in a new integrated high-performance paper-based material project, with the first phase investment of about 5.5 billion yuan expected to generate an annual output value of approximately 5.15 billion yuan [3] - Tianyang Technology is planning to acquire a stake in Shanghai Tonglian Financial Services Co., with key transaction details yet to be determined, and it is not expected to constitute a major asset restructuring [3] - Shiyun Circuit's products have entered the supply chain of NVIDIA and AMD through OEM [4] - Defu Technology has developed ultra-thin high-strength copper foil products for applications in solid-state batteries and drones, with bulk supply already achieved [4] - Funeng Technology has completed sample delivery of sulfide all-solid-state batteries to a leading humanoid robot client and is in discussions with other major clients regarding solid-state battery needs [4] Industry Highlights - The national power grid has seen record-high electricity loads due to extreme weather, with the maximum load reaching 1.233 billion kilowatts, an increase of 53 million kilowatts compared to last year's peak [5] - The South Korean government will implement a temporary visa waiver policy for Chinese group tourists starting September 29, 2025, lasting until June 2026 [6] - The U.S. government has canceled a $500 million mRNA vaccine development project, which is seen as a significant move away from mRNA vaccine research [7] - Jingtai Holdings announced a collaboration worth approximately 47 billion HKD (about 5.99 billion USD) in the AI drug discovery field, marking one of the largest public collaborations in this sector globally [8] - The V2G industry is expected to grow significantly with the increasing number of electric vehicles, aiming for large-scale commercial application by 2030 [9][10] - The convertible bond market is experiencing a "strong redemption wave," with over 90 convertible bonds announced to exit the market due to rising stock prices [11] - CITIC Construction believes that China's commercial aerospace industry is entering a rapid development phase, with increased satellite launch frequencies and the initiation of bidding for the Qianfan constellation [12] - Huatai Securities indicates that the foundation for a long-term stabilization in the real estate sector is being established, with a focus on stabilizing price expectations and activating housing demand [13] - Tianfeng Securities warns that the risk of "re-inflation" in the U.S. remains, influenced by tariffs and consumer price levels [14]

Group 1 - The core viewpoint of the article is the introduction of a new subsidy scheme in Hangzhou for peak electricity supply during summer and winter, which includes support for V2G (Vehicle-to-Grid) charging stations [1][2] - The subsidy scheme allows V2G charging stations to receive up to 2 yuan per kilowatt-hour for peak discharging during specified periods, marking the first city-level subsidy policy for V2G discharging in the province [1] - V2G technology enables electric vehicles to discharge electricity back to the grid during peak demand, thereby alleviating pressure on the power supply [1][2] Group 2 - As of the end of Q1 this year, Hangzhou has over 1.15 million electric vehicles, indicating a significant increase in the adoption of new energy vehicles [2] - Each electric vehicle has an estimated 1,000 additional charging opportunities available for participation in V2G interactions over its lifecycle, based on conservative battery lifespan calculations [2] - The subsidy policy aims to validate and promote large-scale vehicle-grid interactions to enhance real-time balance in the power system, facilitate clean energy consumption, and ensure reliable power supply [2]

Group 1 - The core idea is that electric vehicles (EVs) in Chongqing are being utilized as energy storage units, allowing owners to sell electricity back to the grid and earn economic benefits through V2G (Vehicle-to-Grid) technology [1][2] - Recently, a demonstration project in Chongqing successfully completed the entire process of V2G reverse discharge, including installation, measurement, settlement, and payment, marking a significant milestone for future vehicle-grid interaction [1] - Six EV owners participated in a test, discharging a total of approximately 982 kilowatt-hours of electricity, resulting in a total settlement revenue of 703 yuan, equating to a revenue of 0.72 yuan per kilowatt-hour [1] Group 2 - In March of this year, Chongqing was selected as one of the first cities in China to pilot large-scale vehicle-grid interaction applications [2] - By 2025, Chongqing aims to establish over 100 V2G projects, laying the groundwork for a new industrial ecosystem of vehicle-grid integration [2] - By 2030, the city plans to achieve a harmonious vehicle-grid interaction, aiming to provide a dual-directional flexible adjustment capacity of 100,000 kilowatts for the power system [2]

Core Viewpoint - The article discusses the feasibility and challenges of implementing Vehicle-to-Grid (V2G) technology in China, emphasizing the need for collaboration among electric vehicles, charging infrastructure, and the power grid to achieve a successful scale-up of V2G applications [3][5][8]. Group 1: V2G Implementation Challenges - The initial testing of V2G technology began on March 31, with 12 vehicle models and 9 charging stations tested, indicating preliminary feasibility but highlighting the need for regulatory compliance and standardization [5][10]. - Key challenges include establishing a reverse discharge pricing model based on battery data, which is crucial for attracting investment while balancing electricity costs [5][6]. - There is a lack of defined standards for battery discharge power, which could lead to inefficiencies and potential risks to the power grid [6][9]. Group 2: Stakeholder Collaboration - Successful V2G implementation requires breaking down barriers between vehicles, charging stations, and the power grid, necessitating collaboration among various stakeholders, including government, vehicle manufacturers, and charging infrastructure providers [8][10]. - The establishment of a "testing consortium" is proposed to enhance communication and efficiency among different sectors involved in V2G [8][9]. - Financial and insurance sectors are encouraged to participate in V2G initiatives, providing incentives for vehicle owners and creating new revenue streams for insurance companies [9][10]. Group 3: Future Prospects and Policy Recommendations - The article suggests that with increased awareness and technological advancements, vehicle owners' willingness to participate in V2G will grow, enhancing the frequency of vehicle discharges and contributing to grid stability [10]. - It is recommended to develop more refined subsidy policies to motivate vehicle owners and manufacturers to engage in V2G, thereby creating a win-win situation for individuals and society [4][10]. - The need for further testing in various environmental conditions is emphasized to ensure the robustness of V2G technology under different seasonal demands [8][10].