2025年最后一天，东风本田发动机有限公司完成工商变更登记，企业名称正式变更为广汽本田发动机有 限公司。这场始于 2025 年 9 月的资产整合案，以广汽本田斥资 11.72 亿元受让东风集团所持 50% 股 权、并接纳本田技研工业（含本田中国所持 10%）以剩余 50% 股权增资的方式完成闭环。 本报（chinatimes.net.cn）记者于建平 见习记者 田野 北京报道 理解这起收购的战略价值，需回溯其特殊历史渊源。1998 年成立的东风本田发动机，实为 "一个项目、 三方持股" 模式的产物 —— 产品几乎全部供应广汽本田，却由东风集团持股 50%、本田及其中国子公 司合计持股 50%。这种布局在燃油车时代曾发挥协同效应：其年产 48 万台发动机总成、65 万套零部件 的产能，长期支撑着广汽本田燃油车矩阵的核心动力需求。但随着新能源转型加速，弊端日益凸显：供 应链响应滞后、技术迭代受限、成本控制乏力，2024 年更因燃油车市场下滑与原材料涨价，出现 95.66 亿元营收对应 2.28 亿元净利润亏损的窘境。 汽车行业分析师翟强对《华夏时报》记者表示，此次收购的核心突破在于实现 "产销一体化" 战略闭 环 ...

Core Insights - The article discusses the rise of Plug-in Hybrid Electric Vehicles (PHEVs) in China, highlighting the dominance of Chinese companies like BYD and Geely in the global PHEV market [3] - It contrasts the PHEV technology of Chinese manufacturers with Toyota's Hybrid Electric Vehicle (HEV) technology, suggesting that Toyota's advantage may diminish in the PHEV sector [3] - The article emphasizes the current mainstream use of series PHEV configurations in Chinese vehicles, which primarily rely on electric motors for propulsion [3][4] Group 1 - The article notes that PHEVs are gaining traction in China, with BYD and Geely leading the global market [3] - It points out that the series configuration of PHEVs, where the engine is used solely for generating electricity, is prevalent among Chinese manufacturers [3] - The article mentions that Nissan is also utilizing a similar series approach in its vehicles [3] Group 2 - The article identifies a significant challenge for series PHEVs, which perform well at low to medium speeds but experience efficiency drops at high speeds [4] - It highlights the need for improved high-speed fuel efficiency in PHEVs due to China's vast geography and the demand for long-distance travel [4] - The article discusses Honda's e:HEV technology, which combines series and parallel configurations to enhance performance [4]

Group 1 - CATL officially listed on the Hong Kong Stock Exchange on May 20, with stock code 03750.HK, aiming to gain more capital support for global market expansion [2][4] - CATL's Chairman and CEO, Zeng Yuqun, emphasized the company's commitment to becoming a zero-carbon technology company and a pioneer in the global zero-carbon economy [4] Group 2 - Honda released its 2025 global business plan focusing on smart technology, hybrid, and electric vehicle sectors [5][6] - In the smart technology segment, Honda plans to develop a new generation of Advanced Driver Assistance Systems (ADAS) for both North America and Japan by 2027, collaborating with Momenta for adaptations in the Chinese market [6][9] - Honda aims to reduce the cost of its hybrid systems by over 30% compared to 2023 models through improved production efficiency and component sharing [10] - Despite a slowdown in the electric vehicle market, Honda still views electric vehicles as the best solution, with the first model of the "Honda 0 series" set to launch in 2026 [10] Group 3 - The spy photos of the Zhiji LS9, a large six-seat SUV, have been leaked, expected to launch in Q4 of this year, featuring a range of advanced technologies [11] - The Zhiji LS9 is anticipated to be equipped with CATL's sodium-lithium mixed AB battery, offering a pure electric range of over 450 km [11]