Group 1 - The core theme of the event is the advancement of all-tab technology and leadership in the large cylindrical battery market, with the second cylindrical battery technology forum scheduled for April 10, 2026, in Shenzhen [1] - The event is organized by Qidian Lithium Battery and Qidian Research Institute SPIR, with multiple sponsors and speakers from various companies in the lithium battery sector [1][4] - The forum will feature a ranking of the top 20 cylindrical battery manufacturers, highlighting industry leaders and innovations [1][4] Group 2 - Guoxuan High-Tech's testing laboratory has achieved a significant milestone by having three PACK laboratories certified by the Volkswagen Group, making it the company with the most certified testing facilities in China [2][5] - The certification signifies that Guoxuan High-Tech has established a comprehensive testing system covering the entire battery production chain, from cell to battery pack, meeting global standards [5][7] - The collaboration with Volkswagen has led to the development of a multi-matrix testing laboratory layout, enhancing Guoxuan's testing capabilities and supporting the development and mass production of battery systems [5][6] Group 3 - The certification process has been praised by Volkswagen's testing center officials, who noted the successful scale production and delivery of battery cells, as well as the extension of cooperation to battery pack levels [6][7] - Guoxuan High-Tech is focusing on digital transformation in its testing processes, implementing smart monitoring systems and automated report generation to enhance quality control and compliance verification [9] - The company aims to continue accelerating its intelligent transformation and strengthen its core technical capabilities to align with Volkswagen's global strategic needs [9]

国轩高科股份有限公司 关于完成工商变更登记并换发营业执照的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 国轩高科股份有限公司（以下简称"公司"）分别于 2025 年 10 月 23 日、2025 年 12 月 29 日召开第九届董事会第十四次会议和 2025 年第二次临时股东大会， 审议通过了《关于取消监事会、变更注册资本暨修订<公司章程>及其附件的议 案》。由于公司部分股票期权激励计划行权后引起的股本变化情况，公司注册资 本由 1,778,874,835 元变更至 1,813,734,748 元。根据 2025 年第二次临时股东大会 的授权，公司已办理完成相关工商变更登记手续，并于近日领取了合肥市市场监 督管理局换发的《营业执照》。相关登记信息如下： 公司名称：国轩高科股份有限公司 成立日期：1995 年 1 月 23 日 证券代码：002074 证券简称：国轩高科 公告编号：2026-023 注册地址：安徽省合肥市包河区花园大道 566 号 企业类型：其他股份有限公司（上市） 经营范围：许可项目：建设工程施工（除核电站建设经营、民用机场建设）； 建 ...

202 6（第二届） 起点锂电圆柱电池技术论坛 暨圆柱电池 20强排行榜发布会 ——全极耳技术跃升 大圆柱市场领航—— 202 6 年 4 月 10 日 深圳 一、活动背景及亮点 当全极耳技术突破瓶颈，大圆柱电池加速渗透动力与储能赛道，2026年圆柱电池产业正迎来技术跃迁与市场爆发的双重风口。由起点锂电与起点研究 院SPIR联合主办的 2026（第二届）起点圆柱电池技术论坛暨圆柱电池20强排行榜发布会 ，正式敲定4月10日落地深圳宝安维纳斯皇家酒店，以"全极 耳技术跃升 大圆柱市场领航"为主题，汇聚600+行业精英，共探技术突破路径与产业增长新蓝海。 行业风口正盛，聚焦核心赛道破局 2025年，圆柱电池产业迎来爆发式增长——据起点研究院SPIR统计，中国圆柱电池出货量同比增长超15%，其中大圆柱电池增速突破40%，亿纬锂 能、多氟多新能源、鹏辉能源等头部企业产能持续供不应求。32、40、46、60系列大圆柱产品，已在电动两轮车、户用储能、轻型动力、汽车动力等 场景快速放量，全极耳、高镍、硅碳、钠电等技术与圆柱电池的融合，进一步打开产业增量空间。 2026年，大圆柱电池产业化进程加速，46系列全极耳电芯、60大 ...

1. Report Industry Investment Rating There is no information provided in the content about the report industry investment rating. 2. Core Viewpoints of the Report - The automotive market is showing a seasonal recovery. The recovery of the fuel - vehicle market is hindered by reduced terminal discounts and oil - price fluctuations, while the new - energy vehicle penetration rate has recovered to over 50%. The vehicle market may not recover growth until the second half of the year. Domestic sales will decline year - on - year, exports will increase year - on - year, and the annual wholesale sales of the vehicle market will remain flat year - on - year [1][114]. - High oil prices stimulate the demand for alternative energy, which is beneficial to the recovery of the domestic market and the increase in overseas exports of Chinese new - energy vehicles. Emerging fields such as low - altitude economy are brewing new opportunities, and the energy - using scenarios are undergoing a systematic reconstruction [1][114]. - The penetration rate of the Chinese new - energy vehicle market has rapidly increased in the past few years, reaching over 50% in 2025. Since the second half of 2025, exports have gradually become a new growth point. The trade environment in Europe and the United States is challenging, while countries along the Belt and Road and the Middle East have good development prospects. Non - American regions' new - energy vehicle markets have good development potential, and self - owned brands' market share continues to expand [2][115]. 3. Summaries According to Relevant Catalogs 3.1 Financial Market Tracking - The report presents the weekly price - change percentages of relevant sectors and listed companies. For example, BYD's weekly price - change percentage is 2.20%, and Seres' is - 4.35% [10][14]. 3.2产业链数据跟踪 3.2.1 China New - Energy Vehicle Market Tracking - **Sales**: In the first 22 days of March, the retail sales of new - energy passenger vehicles were 495,000, a year - on - year decrease of 17%. Since the beginning of the year, the cumulative retail sales of new - energy passenger vehicles were 1.556 million, a year - on - year decrease of 23%. The report also shows data on China's new - energy vehicle sales, including internal sales, exports, and sales of EVs and PHVs [109][15]. - **Inventory Changes**: The report provides data on the monthly new additions to the channel inventory and manufacturer inventory of new - energy passenger vehicles [25][26]. - **Delivery Volumes of Chinese New - Energy Vehicle Manufacturers**: It shows the monthly delivery volumes of manufacturers such as Leapmotor, Li Auto, XPeng, NIO, Zeekr, Aion, Voyah, and Deepal [28][29]. 3.2.2 Global and Overseas New - Energy Vehicle Market Tracking - **Global Market**: The report shows data on global new - energy vehicle sales, penetration rate, and sales of EVs and PHVs [37][38]. - **European Market**: It presents data on European new - energy vehicle sales, penetration rate, and sales of EVs and PHVs in countries like the UK, Germany, and France [44][45]. - **North American Market**: Data on North American new - energy vehicle sales, penetration rate, and sales of EVs and PHVs are provided [58][59]. - **Other Regions**: The report shows new - energy vehicle sales, penetration rate, and sales of EVs and PHVs in regions such as Japan, South Korea, and Thailand. In January, the new - energy vehicle sales in Europe, North America, and other regions were 290,000 (year - on - year + 20%), 85,000 (year - on - year - 32%), and 130,000 (year - on - year + 130%) respectively. The sales in the Thai market in January were 44,000, a year - on - year increase of 229% and a month - on - month increase of 187% [62][63]. 3.2.3 Power - Battery Industry Chain - The report provides data on power - battery loading volume (by material), export volume (by material), weekly average price of power - battery cells, cell material cost, and the operating rates and prices of various battery materials such as ternary materials, phosphoric acid iron lithium, and negative electrode materials [78][80]. 3.2.4 Other Upstream Raw Materials - It shows the daily prices of rubber, glass, steel, and aluminum [102][103]. 3.3 Hot News Summaries 3.3.1 Industry Dynamics: China - In the first 22 days of March, the retail sales of the national passenger - vehicle market were 920,000, a year - on - year decrease of 16% and a month - on - month increase of 19%. The wholesale sales of national passenger - vehicle manufacturers were 1.084 million, a year - on - year decrease of 14% and a month - on - month increase of 62%. The retail sales of the national new - energy passenger - vehicle market were 495,000, a year - on - year decrease of 17% and a month - on - month increase of 66%. The wholesale sales of national new - energy passenger - vehicle manufacturers were 543,000, a year - on - year decrease of 15% and a month - on - month increase of 71% [109]. 3.3.2 Enterprise Dynamics - On March 25, the core power system of XPeng HT Aero's X3 - F (Land Aircraft Carrier) flying car was officially mass - produced at the CALB Chengdu factory. - On March 26, Leapmotor launched its new global model A10, which will be sold in nearly 40 countries and regions. - On March 27, BYD released its 2025 annual report. Its revenue in 2025 was about 803.964 billion yuan, a year - on - year increase of 3.46%. The overseas turnover was 310.7 billion yuan, accounting for about 38.6% of the total revenue [111][112][113]. 3.4 Industry Views - As reported by the Passenger Car Association, from March 1 - 22, the national passenger - vehicle retail sales decreased by 16% year - on - year, and the national new - energy passenger - vehicle retail sales decreased by 17% year - on - year. Since the beginning of the year, they have decreased by 18% and 23% respectively. The structural growth factors include high oil prices stimulating the demand for alternative energy and emerging fields like low - altitude economy bringing new opportunities [114]. 3.5 Summary and Outlook - The penetration rate of the Chinese new - energy vehicle market has rapidly increased in the past few years, reaching over 50% in 2025. Since the second half of 2025, exports have become a new growth point. The trade environment in Europe and the United States is challenging, while countries along the Belt and Road and the Middle East have good development prospects. Self - owned brands' market share continues to expand, and companies with strong product strength, smooth overseas expansion, and high supply stability will be the core beneficiaries [2][115].

Core Viewpoint - The 14th Energy Storage International Conference and Expo (ESIE 2026) will take place from March 31 to April 3, 2026, at the Beijing Capital International Exhibition Center, featuring over 800 leading brands in the energy storage sector showcasing their latest products and solutions [2]. Group 1: Event Details - The event will include five themed exhibition routes focusing on energy storage technology, energy storage 3S, energy storage systems, energy storage ecological supply chains, and power intelligence and services [2]. - Professional guided tours will be available, with daily exclusive explanations and organized service teams to enhance the visitor experience [2]. Group 2: Participation and Benefits - Attendees who register and participate in the exhibition group activities will receive a special coffee voucher [4]. - The exhibition will feature precise matching with core exhibitors based on thematic routes, allowing for in-depth technical discussions and face-to-face interactions [4]. Group 3: Thematic Routes - The thematic routes include: - Energy Storage Technology Route [5] - Energy Storage 3S Route [11] - Energy Storage Systems Route [13] - Energy Storage Ecological Supply Chain Route [16] - Power Intelligence and Services Route [22]

Group 1 - The second "Starting Point Lithium Battery Cylindrical Cell Technology Forum" and the release of the "Top 20 Cylindrical Battery Rankings" will take place on April 10, 2026, in Shenzhen [3] - The event will focus on advancements in all-tab technology and leadership in the large cylindrical battery market [3] - Key sponsors and speakers include major companies such as Dofluor, Tianneng, and Penghui Energy [3] Group 2 - BYD has launched a new lithium iron phosphate battery series specifically for electric motorcycles, named "Riding Fortress," with a range of 150 kilometers and a cycle life exceeding 3000 times [5] - CATL's subsidiary has begun construction on a second-phase project in Chengdu, expected to generate an annual output value of approximately 5 billion yuan upon completion [6] - CATL has signed a strategic cooperation agreement with Sanming Transportation Group to promote 100% electrification of public transport [7] Group 3 - EVE Energy plans to invest approximately 6 billion yuan in a 60GWh energy storage battery project in Huizhou [8] - Penghui Energy's 36GWh energy storage battery project in Quzhou is set to begin trial production in June [9] - Guoxuan High-tech has established a new battery technology company in Nanjing with a registered capital of 50 million yuan [10] Group 4 - Ruipu Lanjun reported a revenue of 24.334 billion yuan for 2025, a year-on-year increase of 36.7%, with a net profit of 681 million yuan [11] - Xinwanda has established a new company in Beijing with a registered capital of 300 million yuan, focusing on battery manufacturing and sales [12] - Zhongchuang Innovation has begun mass production of aviation-grade batteries at its Chengdu factory [13] Group 5 - Chery's new energy battery project in Suzhou has commenced foundation construction, with an investment of approximately 4 billion yuan [14] - A new lithium hexafluorophosphate project with a total investment of 13.6 billion yuan has started construction in Hubei [16][17] - A 6,000-ton silicon-carbon anode material project has been approved in Zhejiang, with a total investment of 1.3 billion yuan [18] Group 6 - Samsung SDI has signed a procurement agreement worth approximately 7.3 billion yuan for lithium iron phosphate materials to expand its energy storage system business in North America [26][27] - Hengtong Co. plans to build a high-end copper-aluminum composite foil project with an expected annual production capacity of 45 million square meters [28] - Yifei Laser has opened a new company in South Korea, enhancing its position in the global new energy battery supply chain [30] Group 7 - BYD reported a revenue of approximately 803.964 billion yuan for 2025, with a net profit of about 32.619 billion yuan [39] - Xiaomi's new SU7 model has exceeded market expectations with over 30,000 orders within three days of launch [41] - Leap Motor has established a thermal control company in Zhejiang, focusing on manufacturing automotive components [44]

Group 1 - The Battery ETF Guangfa (159755) opened down 1.00% at 1.085 yuan on March 27 [1][2] - Major holdings in the ETF include BYD, which opened up 0.82%, and CATL, which opened up 0.90% [1][2] - Other notable stocks in the ETF include Sanhua Intelligent Control down 1.98%, Huayou Cobalt down 1.60%, and Xiamen Tungsten down 2.97% [1][2] Group 2 - The performance benchmark for the Battery ETF Guangfa is the National Certificate New Energy Vehicle Battery Index return rate [1][2] - The fund is managed by Guangfa Fund Management Co., with manager Luo Guoqing [1][2] - Since its establishment on June 15, 2021, the fund has returned 9.24%, while the return over the past month is -0.33% [1][2]

Core Viewpoint - The solid-state battery industry is entering a critical year in 2026, transitioning from technology validation to large-scale production, driven by policies, technology, capital, and application scenarios [2][3]. Industry Development - The industry is moving from "technical exploration" to "industrialization and landing," with the Ministry of Industry and Information Technology designating solid-state batteries as a core breakthrough direction and implementing national standards for vehicle solid-state batteries [2][3]. - The core pain points of the industry are shifting from basic research to large-scale production, with a key window for small-scale production expected between 2026 and 2027 [2][3]. Technology Trends - The mainstream research direction is converging on sulfide electrolytes due to their high ionic conductivity and process compatibility, while oxide and polymer routes are pursuing differentiated layouts [3]. - The industry is transitioning from multiple exploratory routes to a focus on mainstream technology and supporting process adaptation [3]. Application Scenarios - High-end passenger vehicles remain the core window for the large-scale landing of solid-state batteries, while new scenarios such as eVTOL, humanoid robots, AIDC data centers, commercial aerospace, and low-altitude economy are emerging as new battlegrounds for performance validation and commercial value exploration [3][4]. - The application of solid-state batteries is also penetrating consumer electronics, including two-wheelers and wearable devices, creating a multi-dimensional application landscape [3][4]. Industry Collaboration - Competition in the solid-state battery sector is evolving from a single-point battle among battery companies to an ecosystem competition involving materials, equipment, battery cells, vehicles, resources, and applications [3][4]. - Vertical integration trends are becoming more pronounced as automakers and upstream resource giants accelerate their entry into the industry [3][4]. Cost and Supply Chain - Solid-state batteries currently cost over 30% more than traditional lithium batteries, with low yield rates and shortages of high-end raw materials posing significant bottlenecks for mass production [4]. - The industry's development logic is shifting from "technical parameter competition" to creating value across the entire lifecycle, with collaborative innovation across the supply chain being a core path to reducing costs and improving efficiency [4]. Summit Highlights - The summit will feature over 200 heavyweight enterprises from various sectors, with more than 300 industry leaders gathering for technical exchanges and new product displays [7]. - Key topics include the large-scale application of solid-state batteries in high-end models, advancements in core materials, and the challenges of mass production processes [8].

Core Viewpoint - The electric heavy truck market is rapidly expanding due to high oil prices, which enhance the operational cost advantages of electric trucks, making them a key growth area for battery manufacturers [3][4][6]. Group 1: Market Dynamics - The competition in the power battery industry is shifting from passenger vehicles to commercial vehicles, with electric heavy trucks emerging as a core incremental market for leading battery companies [3]. - High oil prices, driven by geopolitical factors, have led to increased diesel prices in China, making the operational costs of electric heavy trucks significantly lower than traditional diesel trucks [4]. - The penetration rate of new energy heavy trucks has increased from 12.9% in 2024 to 28.9% in 2025, with a further rise to 30.48% in early 2026 [7]. Group 2: Cost Advantages - Traditional diesel heavy trucks incur fuel costs of approximately 2-3 RMB per kilometer, while electric heavy trucks can keep costs below 1 RMB, resulting in annual savings of over 200,000 RMB per vehicle based on an average annual operation of 150,000 kilometers [4]. - The purchase cost of electric heavy trucks has decreased significantly, with 280 kWh models now priced around 400,000 RMB, a drop of over 30% year-on-year [5]. Group 3: Technological Advancements - Battery technology advancements are driving down the costs of electric heavy trucks, with significant improvements in energy density and fast-charging capabilities becoming standard [10][12]. - Major battery companies are launching fast-charging commercial vehicle batteries, with various models supporting rapid charging and high energy density [10]. Group 4: Strategic Collaborations - Battery companies are transitioning from exploratory participation to large-scale engagement in the electric heavy truck market through orders, strategic partnerships, and technology adaptations [9]. - Collaborations between battery manufacturers and heavy truck producers, such as the partnership between EVE Energy and XCMG, are enhancing the electricization of engineering machinery [10][12]. Group 5: Future Outlook - The ongoing high oil prices and technological breakthroughs are expected to continue driving the penetration of electric heavy trucks, establishing them as a significant growth avenue for the power battery industry [13].

近日，公司已成功发行 2026 年度第一期超短期融资券，发行总额为人民币 5 亿元，募集资金已于 2026 年 3 月 23 日全额到账。发行结果具体如下： | 债券名称 | 国轩高科 2026 年度 第一期绿色超短期 融资券 | 债券简称 | 26 国轩高科 GN001 | | --- | --- | --- | --- | | 债券代码 | 132680028 | 期限 | 180 日 | | 起息日 | 2026 年 3 月 23 日 | 兑付日 | 2026 年 9 月 19 日 | | 计划发行总额 | 5 亿元 | 实际发行总额 | 5 亿元 | | 发行利率 | 1.93% | 发行价 | 100.00 元/张 | | 薄记管理人 | 上海浦东发展银行股份有限公司 | | | | 主承销商 | 上海浦东发展银行股份有限公司 | | | 关于 2026 年度第一期超短期融资券发行结果的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 国轩高科股份有限公司（以下简称"公司"）分别于 2024 年 8 月 27 日和 2024 年 11 月 20 ...