记者丨费心懿 实习生余名伟 编辑丨骆一帆 中国锂电出口管制升级，直指高端材料及关键生产设备。 10月9日，商务部与海关总署联合发布第58号公告，宣布自2025年11月8日起，将对能量 密度≥300Wh/kg的锂电池、关键材料及设备实施出口管制，涉及正负极材料生产工艺等核 心技术领域，需通过许可程序出口。 商务部新闻发言人表示，此次列管的相关物项具有明显的军民两用属性，中国依法依规实 施出口管制措施，符合国际通行做法，更好地维护了国家安全和利益，更好地履行了防扩 散等国际义务。 相关措施不针对任何国家和地区，对于合法合规的出口申请，中方将在审查后予以许可。 此次新规一经发布，也引发了市场连锁反应。 多家上市公司回应 10日当天，宁德时代单日跌幅6.82%；亿纬锂能跌10.96%；国轩高科、欣旺达等行业二线龙 头跌幅均超8%；设备环节利元亨、先导智能跌幅均超10%；负极材料龙头璞泰来盘中跌幅 10%。 此后，申万电池指数连续3个交易日下跌，14日收盘跌超4%。 申万电池行业指数近5个交易日走势 （来源：Wind） 近日，多家企业就上述事宜作出回应。 锂电设备供应商 利元亨 也在投资者互动平台表示，在应对潜在贸易政 ...

多家上市公司回应 10日当天，宁德时代（300750.SZ）单日跌幅6.82%；亿纬锂能（300014.SZ）跌10.96%；国轩高科 （002074.SZ）、欣旺达（300207.SZ）等行业二线龙头跌幅均超8%；设备环节利元亨（688499.SH）、 先导智能（300450.SZ）跌幅均超10%；负极材料龙头璞泰来（603659.SH）盘中跌幅10%。 此后，申万电池指数连续3个交易日下跌，14日收盘跌超4%。 近日，多家企业就上述事宜作出回应。 中国锂电出口管制升级，直指高端材料及关键生产设备。 10月9日，商务部与海关总署联合发布第58号公告，宣布自2025年11月8日起，将对能量密度≥300Wh/kg 的锂电池、关键材料及设备实施出口管制，涉及正负极材料生产工艺等核心技术领域，需通过许可程序 出口。 商务部新闻发言人表示，此次列管的相关物项具有明显的军民两用属性，中国依法依规实施出口管制措 施，符合国际通行做法，更好地维护了国家安全和利益，更好地履行了防扩散等国际义务。 相关措施不针对任何国家和地区，对于合法合规的出口申请，中方将在审查后予以许可。 此次新规一经发布，也引发了市场连锁反应。 产业链优 ...

证券之星消息，根据企查查数据显示亿纬锂能（300014）公布了一项国际专利申请，专利名为"电池组 装结构及电池模组"，专利申请号为PCT/CN2024/101388，国际公布日为2025年10月9日。 专利详情如下： 图片来源：世界知识产权组织（WIPO） 今年以来亿纬锂能已公布的国际专利申请176个，较去年同期增加了266.67%。结合公司2025年中报财 务数据，今年上半年公司在研发方面投入了12.61亿元，同比减11.33%。 数据来源：企查查 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 ...

Core Viewpoint - The solid-state battery technology is transitioning from laboratory experiments to practical applications, with a clear industrial roadmap established for production and market expansion by 2025 [4][7][24]. Industry Overview - The 2025 (15th) Gaogong Lithium Battery Annual Conference will be held from November 18-20, 2025, in Shenzhen, focusing on technological breakthroughs and capacity expansion in the solid-state battery industry [4]. - The conference will feature the release of the "2025 China Large Cylindrical Lithium Battery Industry Development Blue Book," which will analyze mainstream technology trends and market forecasts [5]. Timeline and Production Plans - A unified timeline for the solid-state battery industry has been established, with small-scale production expected by 2027 and large-scale production by 2030 [7][11]. - Major companies like CATL, BYD, and others have set specific production targets, with various battery types and capacities outlined [8][10]. Technology Development - The solid-state battery technology has converged on the sulfide route as the mainstream direction due to its high ionic conductivity and compatibility with existing lithium battery supply chains [13][14]. - The industry has moved towards a pragmatic approach, utilizing semi-solid state batteries as a transitional technology while optimizing production processes [20][21]. Material and Equipment Advances - The industry is focusing on breakthroughs in both equipment and materials, with a consensus on the need for efficient layout and investment in solid-state battery production lines [22]. - Material costs are being addressed through various methods, including solid-phase and liquid-phase processes, to enhance performance and reduce expenses [23]. Market Outlook - The solid-state battery industry is entering a critical phase characterized by technological convergence, accelerated breakthroughs, and imminent market entry [24][25]. - With ongoing collaboration and cost reductions, the next generation of power batteries is expected to become more visible to the public within the next 3-5 years, driving new momentum for the renewable energy sector [25].

亿纬与小鹏 "缘分不浅" 亿纬锂能创始人刘金成为技术人员出身，在 2014 年刘金成买到一辆特斯拉后，发现传说中的动力电池其实技术并没有多么出奇，经过长期 考虑和观察，最终决定在 2017 年从 18650 电池入手打造动力电池业务，并布局了方形 / 圆柱 / 软包不同封装形式的产品线，材料方面选 择三元与铁锂同时押注。 幸运的是，亿纬锂能动力电池业务刚成立不久就遇到了大客户，先是与 SKI 合作建立了软包电池产线，顺势进入奔驰供应链。 就这样过了两年， 2019 年 3 月 15 日亿纬锂能与小鹏汽车签署战略合作协议，为其提供从电芯到系统的全面解决方案，一直持续至今，在 小鹏供应商中占比较高。 | 倒计时23天 | | --- | | CINE2025固态电池展暨固态电池行业年会 | | 主办单位： 起点固态电池、起点锂电、SSBA固态电池联盟 | | 协办单位及固态年会总冠名： 茹天科技 | | 活动时间： 2025年11月6-8日 | | 广州南沙国际会展中心（2楼船厅及广州厅） 活动地点： | | 活动规模： 展商规模200+、参会企业2000+、专业观众20000+ | | 同期活动： 2025起点 ...

Core Insights - The Chinese automotive power battery industry continues to show significant growth, with production and sales figures for September and the first nine months of 2025 indicating strong year-on-year increases in both categories. Production Summary - In September 2025, the total production of power and other batteries reached 151.2 GWh, representing a month-on-month increase of 8.3% and a year-on-year increase of 35.4% [13][8]. - Cumulatively, from January to September 2025, the total production was 1,121.9 GWh, with a year-on-year growth of 51.4% [7][13]. Sales Summary - In September 2025, the total sales of power and other batteries amounted to 146.5 GWh, with a month-on-month increase of 9.0% and a year-on-year increase of 42.2% [18][16]. - For the first nine months of 2025, cumulative sales reached 1,067.2 GWh, reflecting a year-on-year growth of 55.8% [18][7]. Export Summary - In September 2025, the total export of power and other batteries was 26.7 GWh, showing a month-on-month increase of 18.2% and a year-on-year increase of 28.3% [28][25]. - Cumulatively, from January to September 2025, exports totaled 199.9 GWh, with a year-on-year growth of 45.5% [28][7]. Installation Volume Summary - The installation volume of power batteries in September 2025 was 76.0 GWh, marking a month-on-month increase of 21.6% and a year-on-year increase of 39.5% [49][46]. - From January to September 2025, the cumulative installation volume reached 493.9 GWh, with a year-on-year growth of 42.5% [49][46]. Material Type Breakdown - In September 2025, the production of lithium iron phosphate batteries was 119.4 GWh, accounting for 79.0% of total production, while ternary batteries accounted for 20.9% with a production of 31.5 GWh [12][11]. - Cumulatively, from January to September 2025, lithium iron phosphate batteries accounted for 78.8% of total production, while ternary batteries accounted for 21.0% [12][11]. Market Concentration - In September 2025, the top two battery manufacturers accounted for 63.8% of the market share, while the top five and top ten accounted for 81.1% and 94.4%, respectively [56][59]. - From January to September 2025, the top two manufacturers held 65.2% of the market share, with the top ten holding 94.3% [59][56].

项目负责人表示，这套钠离子电池储能系统的成功并网，是钠离子电池这一新型储能技术从实 验室走向实际应用的重要一步。相比锂离子电池，钠离子电池在原材料成本与资源可及性方面 具有优势，未来有望广泛应用于大规模储能和分布式储能。 ——The End—— 关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤储能 资讯~ 近日，亿纬锂能首套大容量钠离子电池储能系统在荆门基地成功并网调试，正式转入商业化运 行阶段。这标志着亿纬锂能在新型储能技术领域实现关键突破。 此次投运的钠离子电池储能系统由亿纬锂能独立研发设计， 电芯采用NF155L钠离子电池。 这种电池具备高安全、宽温域、高倍率、长寿命、低碳排等特性。钠离子电池具有超过3万次 循环寿命，在-40℃～+60℃区间都能正常工作，满足电力储能的全场景需求，在国内头部企 业处于领先地位； 更长的使用寿命与环保技术也带来更低的全生命周期碳排放，相比同类锂 离子电池降低42%以上。 得益于电池化学体系的优化，在极端热失控状态下，该储能系统产生的可燃性气体显著减少， 从源头大幅降低燃爆风险。 亿纬储能系统研究所所长龚木红介绍，从电芯到柜体，该系统核心器件1 ...

中信建投研报指出，继续重点推荐储能板块，看好锂电行业基本面和当前时刻催化多。国内储能经济性迎来拐点+海外光储平价全面共振态势不变。国内核 心驱动在于新能源全面入市推动峰谷电价差拉大，加上容量电价政策出台，推动储能IRR提升。1-9月国内招标同比增长88%。海外意大利MACSE机制启 动，美国数据中心电力缺口大，光+储仍是不可替代的快速上量能源形式，海外产能预计能规避部分关税。 该机构认为，锂电行业当前时刻催化多，排产旺季材料和储能电池供不应求价格不断提升 ，26年需求越发明朗，锂电Q3基本同环比明显增长；继续看好材 料尤其是6F、铁锂和电池环节的机会。 数据显示，截至2025年9月30日，中证电池主题指数前十大权重股分别为阳光电源、宁德时代、亿纬锂能、三花智控、先导智能、天赐材料、国轩高科、欣 旺达、格林美、科达利，前十大权重股合计占比55.79%。 截至2025年10月14日 11:10，中证电池主题指数下跌1.63%。成分股方面涨跌互现，锦浪科技领涨3.96%，阿特斯上涨3.79%，珠海冠宇上涨3.00%；新宙邦领 跌，科达利、当升科技跟跌。电池ETF嘉实(562880)下修调整。拉长时间看，截至2025 ...

Investment Rating - The automotive industry is rated as "Leading" with expectations for strong performance in the upcoming quarter [1]. Core Insights - In September, the penetration rate of new energy vehicles (NEVs) reached 57.8%, indicating a positive outlook for sales in the fourth quarter [1][3]. - The retail sales of passenger vehicles in September reached 2.241 million units, marking a year-on-year increase of 9.2% for the first nine months of 2025 [3]. - The report highlights that domestic brands outperformed the industry, capturing a retail market share of 66.9% in September [3]. Summary by Sections Industry Performance - The retail sales of new energy passenger vehicles in September were 1.296 million units, with a penetration rate of 57.8%, up 5.0 percentage points year-on-year [3]. - The export of passenger vehicles totaled 528,000 units in September, with a significant increase in NEV exports [3]. Company Valuation Overview - Companies such as CATL, BYD, and Xpeng Motors are rated as "Buy" with target prices indicating potential upside [2][11]. - The average price-to-earnings ratio for the covered companies is projected to be 30.9 for FY25E [2]. Investment Recommendations - The report suggests focusing on companies like Xpeng Motors and Geely for their upcoming product launches and internal resource integration [3]. - It is advised to remain cautious as the market may enter a consumption lull after the fourth quarter sales surge [3].

Core Viewpoint - The article discusses the performance of the Chuangye 50 ETF (159682) and its major holdings, highlighting a positive market trend with notable gains in several key stocks [1]. Group 1: ETF Performance - The Chuangye 50 ETF (159682) opened with a gain of 1.07%, priced at 1.415 yuan [1]. - Since its inception on December 23, 2022, the fund has achieved a return of 40.16% [1]. - The fund's performance over the past month has been a return of 2.06% [1]. Group 2: Major Holdings - Key stocks in the Chuangye 50 ETF include: - Ningde Times, which opened with a gain of 1.74% [1]. - Dongfang Wealth, up by 0.31% [1]. - Huichuan Technology, increasing by 1.21% [1]. - Zhongji Xuchuang, rising by 2.12% [1]. - Mindray Medical, gaining 1.06% [1]. - Xinyi Sheng, up by 2.04% [1]. - Sunshine Power, increasing by 2.56% [1]. - Shenghong Technology, rising by 2.95% [1]. - Yiwei Lithium Energy, up by 0.10% [1]. - Tonghuashun, gaining 0.56% [1]. Group 3: Management Information - The Chuangye 50 ETF is managed by Invesco Great Wall Fund Management Co., Ltd. [1]. - The fund managers are Wang Yang and Zhang Xiaonan [1].