权威精选 国泰海通证券表示，全固态电池正从实验室向中试阶段加速推进，多家企业已启动百兆瓦级中试线建 设，重点攻关材料体系、制造工艺和成本三大瓶颈。随着硫化物/氧化物验证深化、干法电极、固态电 解质成膜等核心工序进入工程化验证，固态产线对设备的新增需求率先显现，当前车企与电池厂已形 成"技术共研+场景验证"模式，规模化示范线规划加速落地，设备端有望受益于中试线向GWh级产线过 渡所带来的订单与工艺迭代需求。 多家公司公布固态电池的新进展 近期，多家A股上市公司公布了固态电池的新进展。 国内已建成首条大容量全固态电池产线，目前正在小批量测试生产。 在新能源汽车产业迈向"续航焦虑"与"安全痛点"双重突破的关键节点，全固态电池技术迎来里程碑式进 展。据央视新闻报道，在广汽集团，国内首条大容量全固态电池产线建成，这在行业内率先具备了60安 时以上车规级全固态电池的批量量产条件。 广汽集团平台技术研究院新能源动力研发负责人祁宏钟表示，现在开发的全固态电池的能量密度比现有 的电池能量密度高了接近一倍。500公里以上续航的车使用之后达到1000公里以上的续航。计划是2026 年可以进行小批量的装车实验，2027年到2030年 ...

国内已建成首条大容量全固态电池产线，目前正在小批量测试生产。 不过，当前全球范围内尚未有一家公司的全固态电池进入商业验证阶段。从量产时间表上看，宁德时 代、中创新航计划2027年实现全固态电池装车；长安汽车计划2025年底首发样车，2027年量产，其电池 安全性较液态电池提升70%；东风汽车已形成350Wh/kg产品，续航突破1000公里；比亚迪、吉利、广 汽等均将2027年定为装车关键节点；孚能科技预计2025年末交付60Ah硫化物全固态电池；国轩高科首 条中试线已贯通。2025年10月新能源电池产业发展大会上，欣旺达推出新一代聚合物全固态电池"欣·碧 霄"，能量密度达400Wh/kg，并预计在2025年底建成0.2GWh聚合物固态电芯中试线。 西部证券认为，在经过2025年底工信部项目的中试验收后，2026年行业将迎来中试线落地的高峰期，并 积极通过样车测试来验证技术的可行性。而2027年有望开启小规模装车的商业化进程，最终在2030年前 实现百GWh级市场规模。 国泰海通证券表示，全固态电池正从实验室向中试阶段加速推进，多家企业已启动百兆瓦级中试线建 设，重点攻关材料体系、制造工艺和成本三大瓶颈。随着硫 ...

Core Insights - The solid-state battery technology is making significant progress, with GAC Group establishing the first large-capacity solid-state battery production line in China, capable of mass production of automotive-grade solid-state batteries with over 60Ah capacity [1] - The energy density of the newly developed solid-state batteries is nearly double that of existing batteries, enabling vehicles with over 500 km range to achieve over 1000 km after usage [1] - The industry anticipates small-scale vehicle testing by 2026 and gradual mass production from 2027 to 2030 [1] Industry Developments - Solid-state batteries are referred to as the "holy grail of next-generation battery technology," offering higher energy density, inherent safety, longer lifespan, and wider temperature range compared to traditional liquid lithium batteries [2] - No company has yet commercialized solid-state batteries globally, but several companies, including CATL and Changan Automobile, plan to achieve vehicle integration by 2027, with Changan's battery safety improved by 70% over liquid batteries [2] - The industry expects a peak in pilot production lines in 2026, with small-scale commercialization starting in 2027 and a potential market scale of 100 GWh by 2030 [3] Company Updates - SAIC Group announced that its solid-state battery production line in Shanghai has been fully operational, with sample production expected by the end of this year and vehicle testing in 2024, aiming for mass production in 2027 [4] - Penghui Energy confirmed that its solid-state battery pilot line is operational, with results pending further evaluation [4] - Baichuan Co. has conducted research on solid-state battery technology but has not yet achieved mass production, indicating ongoing monitoring of industry developments [4]

国内已建成首条大容量全固态电池产线，目前正在小批量测试生产。 在新能源汽车产业迈向"续航焦虑"与"安全痛点"双重突破的关键节点，全固态电池技术迎来里程碑式进 展。据央视新闻报道，在广汽集团，国内首条大容量全固态电池产线建成，这在行业内率先具备了60安 时以上车规级全固态电池的批量量产条件。 广汽集团平台技术研究院新能源动力研发负责人祁宏钟表示，现在开发的全固态电池的能量密度比现有 的电池能量密度高了接近一倍。500公里以上续航的车使用之后达到1000公里以上的续航。计划是2026 年可以进行小批量的装车实验，2027年到2030年期间，可以逐步地进行批量生产。 固态电池产业化加速 固态电池，被业内称为"下一代电池技术的圣杯"。相比传统液态锂电池，它用固态电解质取代了易燃的 液态电解液，不仅能量密度更高，还具备本质安全、长寿命、宽温域等优势。正因如此，它被写入《新 型储能制造业高质量发展行动方案》，成为国家战略级技术攻关方向。 多家公司公布固态电池的新进展 近期，多家A股上市公司公布了固态电池的新进展。 上汽集团11月21日在互动平台表示，清陶动力的全固态电池产线已在上海安亭实现全线贯通。今年年底 将实现样件生 ...

Group 1 - The core point of the announcement is that Zhongchuang Innovation has completed the acquisition of Jiangsu Aoliwei Sensor Technology Co., Ltd., making it a non-wholly-owned subsidiary, with its financial performance to be consolidated into Zhongchuang Innovation's financial statements [2] - The acquisition process included the completion of all preconditions by October 10, 2025, and Zhongchuang Innovation now holds 10.94% equity in the target company [2] - Following the completion of the share transfer registration, the target company held a shareholders' meeting on November 21, 2025, to approve the adjustment of the board of directors, which now consists of 5 members, with 4 nominated by Zhongchuang Innovation [3] Group 2 - The announcement indicates that as of November 21, 2025, the subscription for the newly issued shares of the target company has not yet been completed [4]

Group 1 - The company has completed the acquisition of 10.94% equity in Jiangsu Aoliwei Sensor Co., Ltd. as of October 10, 2025 [1] - Following the completion of the share transfer registration, the company will complete the board member adjustments and amendments to the articles of association within 30 working days [1] - The target company's board now consists of 5 directors, with 3 non-independent directors and 2 independent directors, allowing the company to have substantial influence over board decisions [1] Group 2 - The target company is considered a non-wholly-owned subsidiary, and its financial performance will be consolidated into the group's financial statements [2] - The subscription for newly issued shares by the target company has not yet been completed, and the company will provide updates as necessary [2]

Group 1 - The company has completed the acquisition of 10.94% equity in Jiangsu Aoliwei Sensor Technology Co., Ltd. as of October 10, 2025 [1] - Following the completion of the share transfer registration, the company will hold a majority of the board seats in the target company, allowing it to significantly influence board resolutions [1] - The target company is considered a non-wholly-owned subsidiary, and its financial performance will be consolidated into the group's financial statements [2] Group 2 - The subscription for newly issued shares of the target company has not yet been completed as of the announcement date [2] - The company will issue further announcements regarding the progress of the subscription in accordance with listing rules, if necessary [2]

Core Points - The acquisition of a 10.94% stake in Jiangsu Aoliwei Sensor Technology Co., Ltd. has been completed as of October 10, 2025, with all preconditions met [1] - The board of directors of the target company has been adjusted, with a total of 5 directors, including 3 non-independent directors and 2 independent directors, following the completion of the share transfer [1] - The target company is considered a non-wholly-owned subsidiary of the company, and its financial performance will be consolidated into the group's financial statements [2] Summary by Sections - **Acquisition Completion** - The share transfer registration for the acquisition was completed on October 10, 2025, allowing the company to hold a 10.94% equity interest in the target company [1] - The parties involved are required to complete board member adjustments and amendments to the articles of association within 30 working days after the share transfer registration [1] - **Board Composition** - The target company held a shareholders' meeting on November 21, 2025, to approve the adjustment of board members [1] - The new board consists of 5 members, with 3 being non-independent directors (including 1 employee director) and 2 independent directors, where 4 directors are nominated by the company [1] - **Financial Integration** - The target company will be treated as a non-wholly-owned subsidiary, and its financial results will be included in the consolidated financial statements of the company [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 CALB Group Co., Ltd. 中創新航科技集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：3931） 自願公告 完成對目標公司的收購 本公告（「本公告」）乃由中創新航科技集團股份有限公司（「本公司」，連同其附屬 公司統稱為「本集團」）自願作出。 茲提述日期為2025年5月6日及2025年7月9日的公告以及日期為2025年6月18日的 通函（「通函」），內容有關收購目標公司（「本次收購」）及認購目標公司新發行股份 （「本次認購」）。除文義另有所指外，本公告所用詞彙與通函所界定者具有相同涵 義。 完成本次收購 目標公司被視為本公司的非全資附屬公司，目標公司的財務業績將併入本集團的 合併財務報表。 於本公告日期，目標公司新發行股份的認購尚未完成。本公司將根據上市規則適 時就（其中包括）有關本次認購之最新進展另行刊發公告（如必要）。 承董事會命 中創新航科技集團股份有限公司 ...

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]