Investment Rating - The report indicates a positive outlook for the solid-state battery industry, projecting GWh-level mass production by 2027, driven by collaborative innovation across the entire supply chain [2][6][12]. Core Insights - The solid-state battery industry is rapidly forming a collaborative innovation pattern across "materials, equipment, manufacturing, and applications," with significant advancements expected in materials and processes [6][20]. - Major players like CATL and BYD are expected to dominate the market, focusing on high-end applications in electric vehicles and energy storage [20][21]. - The demand for high-performance batteries is increasing due to the rapid growth of the global electric vehicle market, with solid-state batteries emerging as a strong competitor [20][21]. Summary by Sections Development - Global solid-state batteries are expected to achieve GWh-level mass production by 2027, with a focus on material innovation and process optimization [6][9]. - The supply chain is anticipated to mature over the next 3-5 years, with commercial viability expected around 2030 [9][10]. Process - The electrolyte film formation process is critical, influencing the thickness and ionic conductivity of solid electrolyte membranes [22][23]. - Two main technical routes for semi-solid batteries are identified: one focuses on reducing electrolyte liquid usage, while the other emphasizes in-situ curing processes [22][23]. Equipment - The global solid-state battery equipment market is projected to reach 12 billion yuan by 2026, with significant demand for new equipment such as dry electrode preparation and isostatic pressing [31][32]. - The value share of equipment in the front and middle stages of solid-state battery production is expected to increase significantly compared to traditional liquid batteries, with a combined share of around 80% [32][36]. Key Company Updates - Naconor has successfully delivered high-speed wide-format dry electrode equipment to leading domestic manufacturers, marking a significant milestone in solid-state battery production [4.1][21]. - Lingge Technology has secured contracts for solid-state sulfide systems and is advancing its solid electrolyte pilot line [4.2][26]. - Litong Technology is developing isostatic pressing equipment to enhance the interface density between solid electrodes and solid electrolytes [4.3][41]. - Wuhan Blue Electric is focusing on high-precision testing equipment for solid-state batteries, capable of stable testing under low currents [4.4][30].

1月份， 特斯拉 在欧盟、英国和欧洲自由贸易联盟（EFTA）的市场份额降至0.8%，而 比亚迪 为 1.9%；特斯拉纯电动汽车（BEV）市场份额为4.3%。 ...

沪深300ESGETF南方（560180）业绩比较基准为沪深300ESG基准指数收益率，管理人为南方基金管理 股份有限公司，基金经理为李佳亮，成立（2023-04-13）以来回报为18.35%，近一个月回报为-1.91%。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 2月24日，截止午间收盘，沪深300ESGETF南方（560180）涨1.35%，报1.198元，成交额65.18万元。沪 深300ESGETF南方（560180）重仓股方面，贵州茅台截止午盘跌0.92%，中际旭创涨6.27%，宁德时代 跌0.48%，招商银行涨0.67%，中国平安跌0.75%，美的集团涨1.06%，紫金矿业涨4.16%，长江电力涨 0.15%，兴业银行跌0.43%，比亚迪涨0.49%。 来源：新浪基金∞工作室 ...

2025年，中国汽车产业在连续17年产销量稳居全球第一的基础上，再次交出了一份充满变革与挑战的答卷。行业在"电动化、智 能化"的百年浪潮中加速演进，新能源渗透率逼近50%关口，汽车出口从爆发式增长步入增速换挡期，智能驾驶技术正式叩开L3 级市场大门。 站在2026年的新起点，中国汽车产业加速从"量变"到"质变"的关键转折。新能源汽车渗透率突破50%，标志着市场主导权的切 换；L3级自动驾驶商业化破冰与Robotaxi规模化竞争开启，驱动智能出行进入新阶段；固态电池、国产芯片、人形机器人等前 沿领域，则成为技术竞争与产业延伸的核心战场。与此同时，传统豪华品牌与合资阵营面临深度重构，在电动化与智能化浪潮 中寻求本土化反攻。然而，机遇之下暗藏挑战：全球市场波动导致出口增速放缓，供应链不确定性使"缺芯"风险再度浮现，成 本与技术的平衡成为企业穿越周期的重要命题。 1、2026年预测销售新车3475万辆 2025年我国销售新车3440万辆，同比增长9.4%，产销量连续17年稳居全球第一。其中，国内销量为2730.2万辆，与2017年基本 持平，存量竞争越发激烈。根据中汽协预测，2026年中国汽车销量预计为3475万辆， ...

Core Insights - In January, new car sales in Europe experienced a year-on-year decline for the first time since June, influenced by decreased sales in major markets such as Germany, France, Belgium, and Poland [1][5]. Group 1: Sales Performance - Norway saw the most significant decline, with new car registrations in January dropping approximately 76% compared to the same month in 2025 [2][6]. - Overall, new car sales across Europe, including EU member states, the UK, Switzerland, Norway, and Iceland, fell by 3.5% year-on-year to 961,382 vehicles [2][6]. - Gasoline vehicle sales decreased by about 26%, with France experiencing a notable drop of 49% and Germany a decline of 30% [2][6]. - The market share of gasoline vehicles fell from nearly one-third to just over one-fifth [2][6]. Group 2: Electric and Hybrid Vehicles - Sales of pure electric vehicles, plug-in hybrids, and hybrid vehicles increased by approximately 14%, 32%, and 6%, respectively, with their total sales accounting for 69% of new car registrations in January, up from 59% in January 2025 [2][6]. Group 3: Manufacturer Performance - Major manufacturers such as Volkswagen, BMW, Renault, and Toyota saw their registrations decline by 3.8%, 5.7%, 15%, and 13.4%, respectively [2][6]. - In contrast, BYD's registrations surged by 165% [2][6]. - Stellantis and Mercedes reported sales growth of 6.7% and 2.8%, respectively [3][7]. - Tesla continued its downward trend, with sales decreasing by 17% year-on-year, marking the 13th consecutive month of decline [4][8].

2025年，我国汽车产销量均突破3400万辆，再创历史新高。 春擂奋进鼓，跃马赴新程。2026年作为"十五五"开局之年，车市竞速再启新篇，不少汽车 企业陆续敲定年度销量目标，增幅亮眼、布局明晰，各家卯足马力冲刺新赛道。 一起来看这份硬核目标清单！ 中国一汽 2025年销量：330.2万辆 2026年目标：354.6万辆 点评：全年整车销量瞄准354.6万辆，较2025年同比增长7.39%。2026年是中国一汽"全面转 型发展新突破三年行动"首战之年。中国一汽董事长邱现东强调，要有背水一战的决心，要有敢 闯善创的本领，要有冲锋在前的实干，要锚定全面建成科技公司这一中心任务，驭势担责、勇开 新局，实现首战必胜。 东风汽车 2025年销量：291.3万辆 2026年目标：330万辆 点评：销量目标同比增长13.3%，其中新能源销售目标为140万辆，同比增长26.2%。2025年 长安汽车销量创下9年来新高。长安启源、深蓝、阿维塔三驾新能源马车各司其职，启源打性价 比、深蓝抓年轻人、阿维塔冲高端，使得新能源车型销量更是暴涨51.1%。据悉，2026年长安规 划新车超过8款。新央企，新长安，整装出发、全面启航。 202 ...

Core Insights - The auto giant experienced a nearly threefold increase in European sales last month, indicating strong market performance [1] Sales Performance - The significant sales growth is attributed to high demand for electric and hybrid vehicles in Europe [1]

沪深300ESGETF招商（561900）业绩比较基准为沪深300ESG基准指数收益率，管理人为招商基金管理 有限公司，基金经理为房俊一，成立（2021-07-06）以来回报为-1.65%，近一个月回报为-1.83%。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 2月24日，截止午间收盘，沪深300ESGETF招商（561900）涨1.02%，报0.995元，成交额31.26万元。沪 深300ESGETF招商（561900）重仓股方面，贵州茅台截止午盘跌0.92%，中际旭创涨6.27%，宁德时代 跌0.48%，招商银行涨0.67%，中国平安跌0.75%，美的集团涨1.06%，长江电力涨0.15%，紫金矿业涨 4.16%，兴业银行跌0.43%，比亚迪涨0.49%。 来源：新浪基金∞工作室 ...

恒生科技ETF（513130）的基金管理人华泰柏瑞基金是国内首批ETF管理人，旗下除行业ETF外，在宽 基、红利类主题指数领域同样积累深厚。旗下"红利全家桶"系列包括红利ETF（510880）、红利低波 ETF华泰柏瑞（512890）、港股通红利ETF华泰柏瑞（513530）、央企红利ETF华泰柏瑞（561580）、 港股通红利低波ETF华泰柏瑞（520890），或是"哑铃策略"中防御端的不错选择。 风险提示：基金有风险，投资需谨慎。 在此背景下，紧密跟踪的恒生科技指数、支持场内T+0的恒生科技ETF（513130），成为各路资金逆势 布局港股科技板块的有力工具，Wind数据显示，截至2026年2月13日产品今年来资金累计净流入额达到 84.71亿元。 据悉，恒生科技ETF（513130）跟踪的恒生科技指数是港股科技市场的代表性指数之一，汇聚了一批具 有核心竞争力和发展潜力的科技型公司，前五大成份股为中芯国际、比亚迪股份、阿里巴巴-W、小米 集团-W、美团-W，这些企业在互联网、移动支付、云计算、人工智能、半导体等前沿科技领域拥有深 厚的技术积累和广泛的业务布局，或受益于本轮AI应用的落地机遇。 春节以来，恒 ...

【东吴电新】美国储能：对美出口关税边际下降，OBBB总体符合预期，继续看好储能需求爆发！ 1）2月20日，美国最高法院裁决认定特朗普政府依据《 查找图书 》实施的全球关税违法，由此芬太尼关税、对等 关税有望取消实施（储能系统相关税率分别为10 【东吴电新】美国储能：对美出口关税边际下降，OBBB总体符合预期，继续看好储能需求爆发！ 1）2月20日，美国最高法院裁决认定特朗普政府依据《 查找图书 》实施的全球关税违法，由此芬太尼关税、对等 关税有望取消实施（储能系统相关税率分别为10%、10%）；2）随后，特朗普签署行政令，依据《 查找图书 》第 122条对全球商品加征10%关税，原定2月24日生效，特朗普通过社交媒体将税率提高至15%并立即生效。据此测 算，我国储能系统出口美国总税率#有望下降5%（此前总税率为48.4%，此次调整后关税为：基础关税3.4%+301关 税25%+临时关税15%=43.4%），关税压力下降利好我国储能系统集成出口。 2月美国落地OBBB法案储能细则，总体符合预期，但技术授权限制和PFE计算穿透到原材料，较预期略微严格； 新增MACR测算方式，需穿透到原材料。我们认为，OBBB法案 ...