Core Viewpoint - A lawsuit involving the quality of battery cells supplied by Xinwanda Power to Geely's subsidiary, Weirui Electric, has raised concerns about the long-standing issue of defining quality responsibility within the electric vehicle supply chain [1][2]. Group 1: Lawsuit Details - Xinwanda announced that it is being sued for 2.314 billion yuan due to alleged quality issues with battery cells delivered between June 2021 and December 2023 [2]. - Weirui Electric, a subsidiary of Geely, is involved in the lawsuit and is a key player in the high-end electric vehicle market [2]. - The lawsuit highlights the complexity of battery safety, which cannot be solely attributed to the battery cells, as it involves multiple components and systems [3]. Group 2: Quality Responsibility - The safety of power batteries is recognized as a complex system that includes battery pack design, battery management systems, and vehicle integration [3]. - Xinwanda asserts that similar battery cells supplied to other clients have not experienced quality issues, suggesting that the problem may not lie solely with the battery cells [3]. - The industry is urged to avoid one-sided blame and to analyze the complexities of automotive batteries to foster healthy development [3]. Group 3: Supply Chain and Responsibility - The recall of Volvo's EX30 vehicles, which reportedly used battery cells from Xinwanda, has further complicated the situation, with Xinwanda clarifying that it is not directly involved in the battery system sold to Volvo [4]. - The incidents are seen as critical examples for examining quality, responsibility, and risk within the electric vehicle supply chain, impacting corporate survival and industry ecology [4]. - There is a call for establishing a fair responsibility-sharing mechanism within the supply chain to enhance resilience and competitiveness in the global market [4][5].

Group 1 - The core viewpoint of the articles highlights the significant growth in the global power battery installation volume, which reached 1046 GWh in 2025, representing a year-on-year increase of 32.60% [1] - CATL leads the market with an installation volume of 400 GWh, followed by BYD and LG Energy, while Honeycomb Energy shows remarkable performance with an 85.60% year-on-year growth [1] - The Chinese government aims to establish a new power grid platform by 2030, supporting renewable energy generation to account for approximately 30% of total generation, which will provide a stable green energy foundation for the power battery industry [1] Group 2 - Tianfeng Securities predicts that the total demand for power and energy storage batteries will reach 1872 GWh in 2025 and 2336 GWh in 2026, with year-on-year growth rates of 45% and 25% respectively, particularly noting the significant growth in the energy storage market [1] - The industry is transitioning from laboratory research to the brink of industrialization, with solid-state battery technology gaining traction, and leading companies like CATL planning to commercialize this technology by 2027 [1] - As of December 31, 2025, the top ten weighted stocks in the CSI Battery Theme Index account for 51.77% of the index, with CATL, Sungrow Power, and Sanhua Intelligent Control being the top three [2]

Core Viewpoint - The global competitiveness of China's new energy vehicles (NEVs) relies on a healthy and stable supply chain system, highlighting the urgent need for a "Shared Responsibility Agreement" to clarify the boundaries of responsibility across R&D, manufacturing, and application [2][6]. Group 1: Legal Disputes and Quality Issues - A lawsuit has emerged involving XINWANDA Power, which is being sued by Geely's subsidiary, Weirui Electric, for 2.314 billion yuan due to quality issues with battery cells supplied between June 2021 and December 2023 [3][4]. - The lawsuit raises questions about how to scientifically define quality responsibility within the NEV supply chain, emphasizing that battery safety is a complex system that cannot be attributed solely to battery cells [4][6]. Group 2: Industry Implications and Responsibility - The incidents involving XINWANDA and Geely are seen as critical examples for observing quality, responsibility, and risk issues within the NEV supply chain, which directly affect corporate survival and industry ecology [6][7]. - There is a consensus in the industry that a fair responsibility-sharing mechanism is needed, including preemptive technological collaboration, as battery performance is highly dependent on vehicle integration design [6][7]. Group 3: Supply Chain Resilience - The resilience of the supply chain is crucial for the sustainability of the industry, and the global competitiveness of China's NEVs depends on a healthy and stable supply chain system [6][7]. - Establishing a more scientific mechanism for shared responsibility and collaborative innovation is essential not only for resolving current disputes but also for reinforcing the long-term advantages of the domestic industry [7].

Core Viewpoint - A lawsuit involving the quality of electric vehicle batteries has raised concerns about the long-standing issue of defining quality responsibility within the electric vehicle supply chain [2][3]. Group 1: Lawsuit Details - Xiwanda Power is being sued by Weir Electric, a subsidiary of Geely Automobile Group, for 2.314 billion yuan due to alleged quality issues with battery cells supplied between June 2021 and December 2023 [3]. - The lawsuit highlights the complexity of battery safety, which cannot be solely attributed to battery cells, as it involves multiple components including battery pack design and battery management systems [4]. Group 2: Industry Implications - The incidents are seen as a critical example for observing quality, responsibility, and risk issues within the electric vehicle supply chain, which directly impacts corporate survival and industry ecology [6]. - There is a call for establishing a fair responsibility-sharing mechanism within the electric vehicle industry, emphasizing the need for collaborative innovation and clear delineation of responsibilities across research, manufacturing, and application stages [6][7]. Group 3: Company Responses - Xiwanda Power asserts that the battery cells supplied to other clients have not exhibited quality issues, suggesting that the problem may not lie solely with the battery cells [4]. - The company emphasizes the importance of avoiding one-sided blame and advocates for a more scientific approach to responsibility sharing and collaborative innovation to address current disputes and strengthen the industry's long-term advantages [7].

Group 1 - The Australian Federal Department of Transport has issued a recall notice for 2,815 Volvo EX30 vehicles produced in 2024 due to potential overheating risks associated with the high-voltage battery [2] - On January 2, Volvo submitted a recall report to the U.S. National Highway Traffic Safety Administration (NHTSA) for 40 units of the 2025 EX30 electric vehicle, citing similar battery defects [2] - The battery cells in question are supplied by Shandong Geely Aoxin Power Battery Co., Ltd., which is a joint venture between Geely and Aoxin, with Aoxin holding a minority stake of 30% [3][4] Group 2 - Aoxin's chairman, Wang Wei, stated that the rumors regarding the recall being linked to Aoxin's battery manufacturing are unfounded, clarifying that the battery packs were produced by Volvo's internal factory [3] - The battery system supplier assembled the battery packs from cells produced by Shandong Geely Aoxin, which are then sold to Volvo [3]

Core Viewpoint - The recent discussions surrounding the safety responsibilities of power batteries have become a focal point in the industry, particularly following a global recall initiated by an international automaker in early 2026, which has drawn attention to the battery supply chain [1] Group 1: Battery Safety and Responsibility - The recall event has prompted deeper reflections on the boundaries of responsibility within the supply chain, especially as battery failures and safety incidents have become more frequent amid the rapid growth of new energy vehicle ownership [1] - A lawsuit was filed against a battery supplier, XWANDA, by a domestic automaker claiming quality issues with the supplied battery cells, seeking over 2.3 billion yuan in damages [3] - XWANDA emphasized that the battery system issues cannot be solely attributed to the battery cells without comprehensive technical validation, highlighting the complexity of the battery pack as a system [3] Group 2: Market Position and Performance - XWANDA holds a significant position in the industry, with a reported domestic new energy passenger vehicle installation volume of 21.32 GWh and a market share of 3.93% for the period from January to November 2025, marking an increase of 0.57 percentage points year-on-year, ranking fifth [3] - Globally, XWANDA's battery installation volume is projected to reach 18.8 GWh in 2024, representing a year-on-year growth of 74.1%, with a market share of 2.1%, ranking tenth [3] Group 3: Systematic Analysis of Battery Failures - Analysts suggest that the analysis of battery failures should encompass three parts: full lifecycle data tracing, systematic verification of components, and cross-comparison of performance across different battery pack designs [4] - Responsibility for failures may stem from various factors, including manufacturing defects in battery cells, unreasonable BMS overcharge protection logic, insufficient coolant flow, or excessive vibration loads at installation points [4] Group 4: Collaborative Development Model - The industry is urged to shift from a simple "parts procurement" and "post-factum accountability" approach to a "pre-collaborative development" model to ensure the safety and reliability of batteries [6] - An example of this model is XWANDA's collaboration with a new energy vehicle company, where both parties formed a joint team from the early stages of vehicle definition to ensure compatibility and consistency between battery cell characteristics and system requirements [6] Group 5: Call for Industry Standards - The recent events surrounding XWANDA have highlighted the need for a "joint responsibility sharing agreement" within the industry, advocating for a shift from post-event accountability to proactive collaboration to prevent technical risks [8] - Industry organizations are encouraged to establish standard processes for attributing technical issues, ensuring a neutral stance until third-party testing and judicial conclusions are reached, while also enhancing data collection and sharing throughout the battery lifecycle [8]

Core Viewpoint - The recent discussions surrounding the safety responsibilities of power batteries have become a focal point in the industry, particularly following a global recall initiated by an international car manufacturer in early 2026, which has drawn attention to the battery supply chain [1]. Group 1: Battery Safety and Responsibility - The recall incident has prompted deeper reflections on the boundaries of supply chain responsibility, especially as battery failures and safety incidents have been on the rise amid the rapid growth of new energy vehicle ownership [1]. - A domestic car manufacturer filed a lawsuit against XINWANGDA, claiming quality issues with the supplied battery cells, seeking compensation exceeding 2.3 billion yuan. XINWANGDA responded that the third-party testing and judicial processes are not yet complete, emphasizing the need for a comprehensive technical validation rather than attributing battery system issues solely to the battery cell segment [4]. - XINWANGDA's market position is significant, with a domestic new energy passenger vehicle installation volume of 21.32 GWh and a market share of 3.93% in the first 11 months of 2025, reflecting a year-on-year increase of 0.57 percentage points, ranking fifth in the industry [4]. Group 2: Systematic Analysis of Battery Failures - A systematic approach to fault attribution is necessary, which includes full lifecycle data analysis from battery cell production to failure, systematic verification of BMS control strategies, and cross-comparison of performance across different battery pack designs [5]. - The responsibility for battery failures may lie in various components, including manufacturing defects in battery cells, unreasonable BMS overcharge protection logic, insufficient coolant flow leading to localized overheating, or excessive vibration loads at installation points [5]. Group 3: Collaborative Development Models - The collaboration model between vehicle manufacturers and battery suppliers must shift from simple "parts procurement" and "post-factum accountability" to a "pre-collaborative development" model to ensure the safety and reliability of batteries [8]. - An example of this is XINWANGDA's partnership with a new energy vehicle manufacturer, where both parties formed a joint team from the early stages of vehicle definition, ensuring that battery cell characteristics align perfectly with BMS control strategies and thermal management needs [9]. Group 4: Industry Call for Responsibility Sharing - The recent public relations incident involving XINWANGDA has highlighted the need for the industry to establish a "shared responsibility agreement" and to promote the "joint venture" model to shift accountability from post-event to preemptive measures through deep collaboration [11]. - The industry should develop standard processes for attributing technical issues, ensuring that all parties maintain a neutral technical stance until third-party testing reports and judicial conclusions are released, while also enhancing the collection and sharing of battery lifecycle data to provide a reliable data foundation for scientific attribution [11].

Group 1 - The core viewpoint of the news highlights the strong performance of the battery sector, particularly the solid-state battery technology, which is expected to see significant advancements and applications by 2028 [1][2] - The China Securities Battery Theme Index has risen by 1.61%, with notable increases in stocks such as Weixin Materials (up 8.92%) and Xiamen Tungsten (up 7.99%) [1] - The EIA reports a projected increase in wholesale electricity prices in the U.S., with a 23% rise in 2025 and an additional 8.5% in 2026, indicating a growing demand for energy solutions [1] Group 2 - Tianfeng Securities forecasts that the demand for power and energy storage batteries will reach 1,872 GWh in 2025 and 2,236 GWh in 2026, representing year-on-year increases of 45% and 25% respectively [2] - The top ten weighted stocks in the China Securities Battery Theme Index account for 51.77% of the index, with leading companies including CATL and Sungrow Power [2] - The solid-state battery production line and supply chain establishment are expected to be critical in 2026, with equipment and core materials showing significant growth potential [1]

Core Viewpoint - The 18th Shenzhen International Battery Technology Exchange Conference/Exhibition (CIBF2026) will be held from May 13 to 15, 2026, focusing on global collaboration and high-quality development in the battery industry [1][3]. Industry Overview - CIBF2026 is expected to attract over 3,000 exhibitors and cover an exhibition area of 280,000 square meters, featuring leading companies such as CATL, BYD, and others [3]. - The event aims to shift the industry focus from scale competition to value competition, promoting high-quality development [1][3]. Forum and Activities - High-level forums will be held during the event, including discussions on advanced battery technologies and next-generation battery technologies for electric aviation, attracting over 2,000 industry experts and representatives [5]. - The forums will facilitate sharing of successful experiences and guide resources towards high-value areas, addressing the issue of low-price competition [5]. Technological Innovations - CIBF2026 will showcase cutting-edge technologies such as solid-state batteries, sodium-ion batteries, and lithium-metal batteries, along with key materials and automated production equipment [7]. - The exhibition will present a comprehensive view of the entire industry chain, from material research to recycling, accelerating the transition of technologies from laboratory to large-scale industrialization [7]. Global Market and Compliance - The event aims to create a collaborative ecosystem across the entire industry chain, serving as a connector for international cooperation, with an expected attendance of over 350,000 professional visitors from more than 50 countries [9][10]. - Special international exhibition areas will address compliance challenges posed by new regulations in the EU and the US, facilitating the entry of Chinese brands into international markets [10]. Industry Growth and Challenges - In the first 11 months of 2025, China's power and other battery production and sales reached 1,468.8 GWh and 1,412.5 GWh, respectively, with year-on-year growth exceeding 50% [10]. - The battery export volume reached 260.3 GWh, a 44.2% increase, while the export of Chinese brand new energy vehicles grew by 139%, indicating strong global demand for Chinese new energy products [11]. Strategic Importance - CIBF2026 is viewed as a barometer and accelerator for the global new energy industry, exploring the vast market potential brought by national strategies for large-scale development of new energy storage [11]. - The event is expected to enhance industry concentration and resource utilization efficiency in the short term, while promoting a healthy and sustainable new industry pattern in the long term [11].

证券日报网讯1月14日，欣旺达（300207）在互动平台回答投资者提问时表示，公司产品出口形式主要 为保税出口，政策调整对公司影响有限。同时，公司在印度、越南、泰国、摩洛哥、匈牙利等地均有产 能布局，出口退税政策的调整有助于提升公司海外生产基地的竞争力。 ...