Industry Overview - In the first four months of 2025, global sales of new energy vehicles reached 5.39 million units, a year-on-year increase of 29%, driving the installed capacity of power batteries to approximately 285.1 GWh, which represents a 36% year-on-year growth. China's power battery installed capacity accounted for 60.9% of the global total, with six out of the top ten companies being Chinese. The highest growth rate was seen in Honeycomb Energy, which increased by 68% year-on-year. The global installed capacity of lithium iron phosphate power batteries grew by 63% year-on-year, primarily driven by the continuous growth in the installation of lithium iron phosphate power batteries in China [2]. Company Developments - Ruite New Materials announced that its solid-state battery electrolyte materials have begun to generate sales, although the revenue share remains small. The company collaborates with several domestic and international solid-state lithium-ion battery enterprises, but the solid-state battery technology, product, and business routes still require further development [4]. - Hicharge Energy announced the mass production of the world's first 1,000 Ah long-duration energy storage battery, the ∞Cell 1175Ah, marking a new phase in the large-scale application of long-duration energy storage [6]. - Zhengli New Energy's 25 GWh automotive power lithium battery project at the Galaxy B District base has been capped, with the first phase expected to commence production in the fourth quarter of 2025. The total investment for this project is 10 billion yuan, covering an area of 800 acres with a building area of 650,000 square meters [8]. - Tinci Materials announced an investment agreement with the Kingdom of Morocco to build an integrated production base for electrolytes and raw materials, with an annual production capacity of 150,000 tons of electrolyte products. The total investment is expected to be approximately 2.8 million USD [11]. Strategic Partnerships - Tailan New Energy and Nandu Power signed a cooperation agreement for "super safe energy storage application scenarios" in Shanghai, aiming to integrate Tailan's Safe+ solutions with Nandu's energy storage system technology to establish a new benchmark for safety in the energy storage industry [10]. - EcoPro BM, a South Korean battery materials manufacturer, announced the suspension of its CAD 1.2 billion (approximately 6.3 billion yuan) battery materials factory construction project in Quebec, Canada, due to uncertainties in the electric vehicle and battery industry, particularly challenges posed by U.S. tariff policies [13].

Group 1 - The core viewpoint of the article highlights the rapid development of the lithium battery industry in Jieshou, with significant investments and production capacity expansion [1][2] - The first phase of the Huatuo New Energy project, with an annual production capacity of 3GWh, was launched in May 2023, supplying lithium-ion battery cells to major companies like China Tower [1] - The second phase of the project, focusing on large-capacity energy storage batteries, is expected to start production in September 2024, increasing total capacity to 7GWh and generating an annual output value of 5 billion yuan [2] Group 2 - The local government has provided substantial support for the project, including assistance in attracting industrial funds and offering comprehensive project management services [2] - The modern factory, with a total investment of 2 billion yuan, is equipped with intelligent production lines, indicating a strong commitment to technological advancement in the lithium battery sector [1]

Core Viewpoint - The article discusses the recent developments and strategic initiatives of Nandu Power, particularly focusing on the launch of the Huatuo New Energy Phase II 4GW energy storage battery project in Anhui Fuyang, which is set to begin production in September 2023 with a total investment of 2 billion yuan [1]. Group 1: Project Developments - The Huatuo New Energy Phase II project will primarily produce backup power sources for 5G communication, civilian power batteries, and energy storage batteries, with a total capacity of 7GWh and an expected annual output value of 5 billion yuan [1]. - The first phase of the project, with a capacity of 3GWh, was launched in May 2023, focusing on soft-pack batteries for civilian power sources and communication backup power [1]. Group 2: Company Structure and Strategy - Nandu Power, established in 1994, has diversified into four major business segments: energy storage, green travel, communication data, and resource regeneration, with its Anhui subsidiary being a key player since its establishment in 2020 [3]. - The company has a comprehensive structure with six divisions, including battery production and recycling, which allows for a closed-loop industry model [4]. - The Tianying Technology Park, where the company is located, is noted for having the largest power battery recycling base in the country, contributing significantly to the recycling of used batteries [4]. Group 3: Financial Performance and Future Plans - Nandu Power plans to list on the Hong Kong Stock Exchange to raise funds, as it faced a significant revenue decline of approximately 45% in 2024, with losses around 1.4 billion yuan due to market impacts and a sharp drop in profit margins from its lead recycling business [7][8]. - The company has adopted a strategy to prioritize profit margins over low-profit orders, which has affected its revenue [8]. - Nandu Power is focusing on technological advancements, including a partnership with Tailan to develop a new generation of cylindrical batteries that address fast charging and thermal management issues [13].

证券代码：300068 证券简称：南都电源 公告编号：2025-039 浙江南都电源动力股份有限公司 关于股东部分股份质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 浙江南都电源动力股份有限公司（以下简称"公司"）于近日接到公司股 东朱保义先生的通知，获悉其对所持有的本公司部分股份办理了质押登记手 续，具体内容如下： 一、股东股份本次质押基本情况 | 股东 | 是否为控 股股东及 | 本次质 押股数 | 占其所持 | 占公司 总股本 | 是否为 | 是否为 补充质 | 质押开 | | 质押到 | | 质权人 | 用途 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 一致行动 | （万 | 股份比例 | | 限售股 | | 始日期 | | 期日 | | | | | | | | | 比例 | | 押 | | | | | | | | | 人 | 股） | | | | | | | | | | | | | | | 4.0927% ...

Core Insights - The article emphasizes the importance of grid energy storage as a key infrastructure for building a new power system, focusing on its roles in balancing power supply and demand, stabilizing grid operations, and efficiently integrating renewable energy sources [1][14]. Industry Overview - Grid energy storage refers to systems that store electrical energy through physical or chemical means and release it back to the grid when needed, aiming to balance supply and demand, enhance grid stability, and promote renewable energy consumption [2]. - The technology is categorized by storage principles (mechanical, electrochemical, electromagnetic, thermal) and application duration (short-term, medium-term, long-term) [2][3]. Current Development Status - As of Q1 2025, grid-side energy storage has shown robust growth, with a power scale share of 52.3%, a year-on-year increase of 17 percentage points. New installations reached 2.63 GW/6.48 GWh, reflecting year-on-year growth of 46%/68% [1][14]. - The industry has transitioned from technology exploration to large-scale application over the past three decades, with lithium-ion batteries dominating the market [6][12]. Policy Framework - The Chinese government has integrated carbon peak and carbon neutrality into its ecological civilization strategy, identifying energy storage as a critical technology for supporting high proportions of renewable energy integration [8]. - Policies have been issued to accelerate the development of new energy storage, with targets set for 30 GW of installed capacity by 2025 and a fully market-oriented development by 2030 [8][9]. Competitive Landscape - The grid-side energy storage industry in China has formed a competitive landscape characterized by a tripartite structure of state-owned enterprises, private companies, and technology firms [16]. - Major players include State Grid and Southern Power Grid, which dominate large projects, while battery giants like CATL and BYD control core supply chain segments [16][18]. Future Trends - The industry is expected to see diversification in technology routes, with long-duration storage solutions like flow batteries and compressed air storage gaining traction [22]. - Market-driven models will replace mandatory storage policies, with shared storage and virtual power plants becoming mainstream, enhancing the economic viability of storage projects [23][24].

证券代码：300068 证券简称：南都电源 公告编号：2025-038 浙江南都电源动力股份有限公司 关于召开 2025 年第二次临时股东大会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 根据《中华人民共和国公司法》和《公司章程》的有关规定，经浙江南都电 源动力股份有限公司（以下简称"公司"、"本公司"）第八届董事会第四十一 次会议审议通过，决定于 2025 年 6 月 23 日（星期一）14:30 在浙江省杭州市西 湖区文二西路 822 号公司会议室召开 2025 年第二次临时股东大会会议。现将具 体事宜通知如下： 一、召开会议的基本情况 1、股东大会届次：2025 年第二次临时股东大会 2、股东大会召集人：公司董事会 3、会议召开的合法、合规性：经第八届董事会第四十一次会议审议通过， 公司召开 2025 年第二次临时股东大会；会议召集程序符合有关法律、行政法规、 部门规章、规范性文件和《公司章程》的规定。 4、会议召开的日期、时间： （1）现场会议召开时间：2025 年 6 月 23 日（星期一）14:30； （2）网络投票时间：2025 年 6 ...

证券代码：300068 证券简称：南都电源 公告编号：2025-034 浙江南都电源动力股份有限公司 第八届董事会第四十一次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 浙江南都电源动力股份有限公司（以下简称"公司"）第八届董事会第四十 一次会议于 2025 年 6 月 6 日以现场表决与通讯表决相结合的方式召开。公司于 2025 年 6 月 3 日以当面送达、电子邮件或电话的方式通知了全体董事，本次会 议应参会的董事 7 名，实际参会的董事 7 名。会议的召集、召开和表决符合《中 华人民共和国公司法》和《公司章程》的有关规定。会议由公司董事长朱保义先 生主持，会议审议通过了以下议案： 一、逐项审议通过了《关于董事会换届选举暨提名第九届董事会非独立董 事候选人的议案》 鉴于公司第八届董事会任期届满，根据《公司法》、《深圳证券交易所创业板 股票上市规则》、《深圳证券交易所上市公司自律监管指引第2号——创业板上市 公司规范运作》等法律、法规、规范性文件及《公司章程》的相关规定，公司按 照相关法律程序进行了董事会换届选举。经公司实控人周庆治先生提名， ...

浙江南都电源动力股份有限公司 会计师事务所选聘制度 第一章 总 则 第一条 为规范浙江南都电源动力股份有限公司（以下简称"公司"）选 聘（含续聘、改聘，下同）会计师事务所行为，切实维护股东利益，提高审计 工作和财务信息的质量，根据《中华人民共和国公司法》《国有企业、上市公司 选聘会计师事务所管理办法》等法律法规、规范性文件和《公司章程》的有关 规定，结合公司实际情况，制定本制度。 第二条 本制度所称选聘会计师事务所，是指公司根据相关法律法规的 要求，聘任会计师事务所对公司财务会计报告发表审计意见、出具审计报告的 行为。公司聘任会计师事务所从事除财务会计报告审计之外的其他法定审计业 务的，视重要性程度可参照本制度执行。 第三条 公司选聘会计师事务所应经董事会审计委员会（以下简称"审 计委员会"）审议同意后，提交公司董事会审议，并由公司股东会决定。公司不 得在董事会、股东会审议前聘请会计师事务所开展审计业务。 第四条 公司控股股东、实际控制人不得在公司董事会、股东会审议 前，向公司指定会计师事务所，不得干预公司审计委员会独立履行审核职责。 第二章 会计师事务所执业质量要求 第五条 公司选聘的会计师事务所应当具备下 ...

第一条 为进一步完善浙江南都电源动力股份有限公司（以下简称"公司" ）社会责任管理，推动经济、社会及环境的协调统一及可持续发展，积极履行 环境、社会及治理（以下简称"ESG"）职责，依据《中华人民共和国公司法》、 《中华人民共和国证券法》、《上市公司治理准则》、《企业内部控制基本规 范》、《深圳证券交易所上市公司自律监管指引第2号——创业板上市公司规范 运作》、《深圳证券交易所上市公司自律监管指引第17号——可持续发展报告 （试行）》等法律法规、规章和规范性文件以及《浙江南都电源动力股份有限 公司章程》（以下简称"《公司章程》"）的规定，结合公司的实际情况，制 定本制度。 第二条 本制度所称的ESG职责，是指公司在经营发展过程中应当履行的 环境（Environmental）、社会（Social）和治理（Governance）方面的责任和 义务，主要包括对自然环境和资源的保护、社会责任的承担以及公司治理的健 全和透明。 第三条 公司开展ESG管理工作，是有效履行公司社会责任的需要，有助 于公司及时识别把握风险和机遇，提升公司的可持续发展能力、综合价值。 第四条 本制度所称利益相关方，是指其利益可能受到公司决策或 ...

浙江南都电源动力股份有限公司 投资者关系管理制度 第一章 总则 第一条 为规范浙江南都电源动力股份有限公司（以下简称"公司 "）投资者 关系管理工作，加强公司与投资者之间的有效沟通，促进公司完善治理，提高 公司质量，切实保护投资者特别是中小投资者合法权益，根据《中华人民共和国 公司法》、《中华人民共和国证券法》、《深圳证券交易所创业板股票上市规则》 《上市公司投资者关系管理工作指引》和《浙江南都电源动力股份有限公司章程》 （以下简称"《公司章程》"）等有关法律法规和规章等，结合本公司实际情况， 制定本制度。 第二条 投资者关系管理是指公司通过便利股东权利行使、信息披露、互动 交流和诉求处理等工作，加强与投资者及潜在投资者之间的沟通，增进投资者 对公司的了解和认同，以提升公司治理水平和企业整体价值，实现尊重投资者、 回报投资者、保护投资者目的的相关活动。 第三条 公司投资者关系管理的基本原则是： （一）合规性原则。公司投资者关系管理应当在依法履行信息披露义务的 基础上开展，符合法律、法规、规章及规范性文件、行业规范和自律规则、公 司内部规章制度，以及行业普遍遵守的道德规范和行为准则。 （二）平等性原则。公司开展 ...