本报讯 （记者袁传玺）天眼查App显示，近日，时代骐骥新能源科技（盐城）有限公司成立，法定代表 人为宋庆龙，注册资本500万元，经营范围包括新兴能源技术研发、合同能源管理等。股东信息显示， 该公司由宁德时代旗下时代骐骥新能源科技（苏州）有限公司全资持股。 （文章来源：证券日报） ...

Core Insights - The 2024-2025 Development Report on the Power Battery Transportation Industry highlights significant challenges in ensuring safe and efficient transportation of power batteries, necessitating the establishment of a robust logistics system in China [1][4]. Industry Overview - In 2024, China's new energy vehicle production and sales are projected to exceed 10 million units for the first time, with power battery installation reaching approximately 548.4 GWh, a year-on-year increase of 41.5% [1]. - The lithium-ion battery export volume is expected to reach 197.1 GWh in 2024, marking a 29.2% increase compared to the previous year [2]. - The total output value of the lithium battery industry in China is anticipated to surpass 1.2 trillion yuan, with a production volume of 826 GWh, reflecting a year-on-year growth of 22.4% [2]. Regional Development - Sichuan province has emerged as a significant hub for the power battery industry, achieving a production volume of 168.1 GWh in the first three quarters of 2024, which is a 49.2% increase year-on-year [2]. - Yibin, a key area in Sichuan, has attracted over 120 supporting projects in the power battery sector, with planned production capacity reaching 300 GWh [2]. Market Concentration - The market share of leading power battery companies is increasing, with six out of the top ten global battery manufacturers being Chinese, collectively holding over 60% of the market [3]. - CATL, the largest power battery producer globally, is expected to achieve a battery installation volume of 339.3 GWh in 2024, a 31.7% increase from 2023, with a market share of 37.9% [3]. Transportation Challenges - The primary mode of transportation for power batteries in China remains road transport, facing issues such as insufficient capacity and regulatory constraints [3][6]. - The logistics supply chain for power batteries is under pressure to enhance safety and efficiency, requiring improvements in transportation tools and organizational methods [3][4]. Regulatory Measures - A joint initiative by ten government departments aims to enhance the safety and service capabilities of power battery transportation by 2027, addressing key bottlenecks in the supply chain [4][5]. - New standards and regulations are being developed to improve safety and efficiency in the transportation of lithium batteries across various modes, including road, rail, air, and water [5][7]. Future Developments - The establishment of a safe, efficient, and green transportation system for power batteries is a priority, with significant logistics demand expected to rise alongside industry growth [6]. - The first large-scale trial of railway transportation for power batteries commenced in November 2024, marking a significant step in diversifying transportation methods [6][7]. - The development of a multi-modal transport system for power batteries is underway, with new standards and information-sharing platforms being established to facilitate efficient logistics [8].

Investment Strategy - The report emphasizes two main investment lines: first, the continuous growth in downstream demand and the improvement in supply-demand dynamics, which present opportunities for both fundamentals and valuations, prioritizing leading companies with technological and cost advantages in the industry chain. Second, it highlights the opportunities arising from the industrialization of solid-state batteries, focusing on the equipment sector and high-value solid electrolyte core materials, while continuously monitoring the evolution of new anode and cathode materials [5][39]. Market Overview and Valuation - As of November 21, 2025, the lithium battery index has increased by 45.98% since the beginning of 2025, outperforming the CSI 300 index by 32.79 percentage points. The solid-state battery index has risen by 55.10% during the same period, also surpassing the CSI 300 index [14][17]. - The overall PE (TTM) of the lithium battery sector is approximately 29 times, placing the sector's valuation at the 48.83% historical percentile over the past five years [17] Global Lithium Battery Demand - Global lithium battery shipments are projected to reach 1545.1 GWh in 2024, reflecting a year-on-year growth of 28.5%. In the first nine months of 2025, global lithium battery production reached 1590.24 GWh, marking a 49.13% increase year-on-year [20][22]. - The demand for lithium batteries is driven by both power batteries and energy storage batteries, with energy storage batteries experiencing higher growth rates [23]. New Energy Vehicle (NEV) Growth - In China, NEV sales are expected to maintain growth, with a penetration rate surpassing 50%. From January to October 2025, cumulative NEV sales reached 12.943 million units, a year-on-year increase of 32.7% [27][30]. - The report anticipates that NEV sales in China will continue to grow rapidly in 2026, supported by ongoing policy initiatives and technological advancements [28][48]. Energy Storage Market Dynamics - The global energy storage battery demand is expected to maintain high growth, with a cumulative shipment of 428 GWh in the first nine months of 2025, representing a year-on-year increase of 90.7% [60]. - In China, energy storage battery shipments are projected to reach 580 GWh in 2025, with a year-on-year growth exceeding 70% [66]. Supply-Demand Dynamics in the Lithium Battery Industry - The lithium battery industry is experiencing a turning point, with significant growth in revenue and net profit in the first three quarters of 2025, reversing the downward trend of the previous two years [77][81]. - The report indicates that the overall demand for lithium batteries is expected to grow by 30% in 2026, while supply growth in the materials sector is anticipated to lag behind demand growth, leading to potential supply-demand tightness in various segments of the industry chain [95]. Solid-State Battery Industrialization - The report highlights the ongoing industrialization of solid-state batteries, with a diverse range of application scenarios. Solid-state batteries are expected to be a core technology direction for the next generation of lithium batteries due to their high energy density and safety advantages [97]. - Major global automotive manufacturers have announced timelines for the deployment of solid-state batteries, with many planning to introduce them around 2027 [98].

Core Insights - Haolo Group's subsidiary, Haolo Robotaxi, has signed a strategic cooperation memorandum with ComfortDelGro China to enhance the commercialization and global deployment of autonomous driving technology [1][2] - The partnership aims to create a safe, efficient, and sustainable future mobility ecosystem by integrating Level 4 autonomous driving technology into ComfortDelGro's global point-to-point transportation service network [1] Group 1 - The collaboration will focus on developing an innovative intelligent dispatch platform that allows traditional taxis and Robotaxis to work together through "mixed dispatch," improving operational efficiency and user convenience [1] - The partnership will extend to complementary areas such as vehicle leasing, energy swapping, safety personnel training, and grid-based operational management, creating a complete service loop [1] Group 2 - Since announcing its entry into the Robotaxi sector in June 2025, Haolo Group has partnered with Ant Group and CATL to leverage their technological and resource advantages in developing Level 4 autonomous driving technology [2] - Haolo Robotaxi has established a comprehensive capability system covering technology research and development, vehicle manufacturing, and platform operation, while ComfortDelGro possesses a leading international taxi network and extensive experience in managing autonomous vehicle fleets [2]

近日， 宁德时代新能源科技股份有限公司与白酒行业龙头企业五粮液集团正式达成战略合作。 双方将围 绕 " 项目共建、资本协作、供应链融合 " 三大方向，推动传统白酒产业与新能源技术深度融合，共同打 造产业零碳转型新样本，为宜宾建设生态优先绿色低碳发展先行区注入新动能。 五粮液集团副董事长、总经理邹涛与四川时代、时代吉利、时代长安总经理朱云峰代表双方签署协议。此 次合作不仅是两大行业龙头企业的资源互补，更是新能源科技与传统酿造产业在绿色发展道路上的一次系 统性共创。基于共同愿景，双方合作将重点聚焦三大领域： 共建零碳园区，打造行业标杆： 依托五粮液产业园区、温江产业园区等场景，宁德时代以光伏电站、储能 系统建设为起点，系统推进绿色能源基础设施升级。围绕"零碳园区"建设目标，双方将协同推进节能改 造、智能电网与能碳管理平台建设，将五粮液园区打造为白酒行业乃至传统制造业的零碳示范标杆。 -广告- 关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源：宁德时代 进固态电池群，加小编微信：13248122922 注：添加好友请备注 公司名称、姓名、职务，入群需发送1张您的纸 ...

国家企业信用信息公示系统显示，11月21日，国能大渡河（丹巴）水电开发有限公司成立，注册资本36亿元，法定代表人朱永国。 该公司经营范围包含许可项目：水力发电；发电业务、输电业务、供（配）电业务；建设工程施工；输电、供电、受电电力设施的安装、维修和试验。一 般项目：太阳能发电技术服务；风力发电技术服务；工程管理服务；工程技术服务（规划管理、勘察、设计、监理除外）；通用设备修理；电气设备修 理；以自有资金从事投资活动。 股东及出资信息显示，该公司由国电电力旗下国能大渡河流域水电开发有限公司、四川铁能电力开发有限公司、宁德时代新能源科技股份有限公司共同持 股。 来源：国家企业信用信息公示系统 索比光伏网 https://news.solarbe.com/202511/26/50013464.html ...

Group 1 - The three major indices opened lower but rebounded, with the ChiNext 50 Index (399673.SZ) rising by 3.22% at midday, driven by significant gains in constituent stocks such as Zhongji Xuchuang, which increased nearly 14%, Changying Precision rising over 11%, and Xinyi Sheng up more than 10% [1] - The ChiNext 50 ETF (159682) also saw a rise of 3.15%, with a trading volume of 266 million yuan, and as of November 25, the latest circulating share count was 3.623 billion shares, with a total market size of 4.954 billion yuan [1] - A notable development is the listing of the Invesco Great Wall ChiNext 50 ETF's depositary receipts on the Thailand Stock Exchange, allowing Thai investors to trade these receipts without cross-border remittance, marking the first product linked to the ChiNext 50 Index in Thailand [1] Group 2 - CITIC Securities reported that since 2025, both Chinese and U.S. tech stocks have performed impressively, with the computing power sector leading market gains, and there are emerging opportunities in models and applications [2] - Looking ahead to 2026, domestic computing power is expected to thrive, with performance elasticity and investment certainty, potentially replicating the long bull market seen in U.S. stocks since 2023 [2] - The AI sector is anticipated to see rapid advancements, particularly in areas such as AI-enabled internet tech giants, AI advertising, AI agents, AI video generation, and commercialized autonomous driving [2]

据Choice数据，广期所碳酸锂主力合约今日早盘继续上行，截至发稿报99060元/吨。在上周五大幅回调 后，已经连续两日上涨。 期货市场的表现，源于市场各参与方对后市的乐观预期。赣锋锂业董事长李良彬日前预测，若明年碳酸 锂需求增速超过30%甚至40%，供应短期内难以匹配，价格可能突破15万元/吨，甚至触及20万元/吨。 "下半年价格反弹是库存去化、需求增长与供给收紧共同作用的结果。"江西一家碳酸锂企业负责人认 为，当前碳酸锂市场正处于供需结构调整期，紧平衡或成为未来一段时间的主旋律，但仍需关注储能需 求波动、矿企复产及海外供应等对价格的影响。 价格V形反弹 多因素推动上涨 今年以来，碳酸锂价格呈现出较为明显的"V"形走势。从年初高点时的7.7万元/吨左右，一路下滑直至 年中跌破6万元/吨的低点，跌幅超20%。随后又经历了一波修复性的上涨，直到近期回到每吨10万元附 近。 业界普遍将8月份宁德时代宜春锂矿停产视为反弹开启的重要节点。 回溯来看，8月11日早间，宁德时代称公司在宜春项目采矿许可证8月9日到期后已暂停开采作业。受此 影响，碳酸锂期货所有合约当天开盘全线涨停，其中主力合约涨幅为8%，收报81000元/ ...

Core Insights - The article highlights the advancement in lithium battery air transportation, showcasing a demonstration event where a 500 kg lithium battery was successfully loaded onto a cargo flight, significantly improving delivery time by nearly 80% compared to traditional land transport [1] - China is the world's largest producer of power lithium batteries, with the total industry output value expected to exceed 1.2 trillion yuan in 2024 [1] - The air transportation volume of lithium batteries in China is projected to reach 645,000 tons in 2024, representing a year-on-year growth of 21.26%, indicating a continuous rise in market demand [1] Group 1 - The demonstration event marks the transition of lithium battery air transportation from laboratory research to practical industry application [1] - The Ministry of Transport and the Ministry of Science and Technology have included lithium battery air transportation in the national key R&D plan for the 14th Five-Year Plan, with a focus on overcoming key challenges in the field [2] - A comprehensive safety protection system has been developed to monitor 12 core data points during transportation, utilizing AI algorithms for risk warning and emergency response [2] Group 2 - Experts and representatives from various sectors, including transportation, new energy, and logistics, discussed the development bottlenecks and solutions for the lithium battery air logistics supply chain [2] - The new technology is expected to be gradually promoted nationwide, aiming to standardize and regulate lithium battery transportation [2]

Core Insights - The lithium battery industry in China has shown significant production growth in 2025 compared to 2024, with domestic battery production reaching 170.6 GWh in October, a year-on-year increase of 50.84% and a month-on-month increase of 12.83% [1][2] - The production of lithium iron phosphate (LFP) cathode materials also increased, reaching 26.69 million tons in October, marking a year-on-year growth of 45.92% and a month-on-month growth of 8.36% [1][2] Production - In the first ten months of 2025, domestic battery and LFP cathode material production significantly exceeded the same period in 2024 [2] - The capacity utilization rate for LFP cathode materials was reported at 63.54%, surpassing the figures from 2024 [1][2] Pricing - Prices for key raw materials and battery cells have seen a moderate increase. As of November 21, 2025, industrial-grade lithium carbonate prices exceeded 92,400 CNY per ton, with a weekly increase of 10.13% [3] - The price of LFP (power type) reached 38,100 CNY per ton, with a weekly increase of 8.09% [3] - Lithium hexafluorophosphate prices rose from approximately 60,000 CNY per ton at the end of September to 160,000 CNY per ton by November 21, reflecting a weekly increase of 13.39% [3] Demand - Several provinces in China have introduced capacity price compensation mechanisms, with Heilongjiang Province aiming for over 6 GW of new energy storage installations by 2027 [4] - In October 2025, the monthly shipment of LFP batteries reached 67.5 GWh, a year-on-year increase of 43.62% and a month-on-month increase of 8.52%, marking a new high for the year [4] - The export volume of Chinese power batteries in October 2025 was 19.4 GWh, representing a year-on-year increase of 79.63% and a month-on-month increase of 10.23% [4] Investment Recommendations - The report suggests focusing on companies that are well-positioned in the power battery and energy storage sectors, particularly those with strong overseas layouts [5] - Companies to watch include CATL (300750.SZ), EVE Energy (300014.SZ), Xinwangda (300207.SZ), Hunan Youneng (301358.SZ), and Rongbai Technology (688005.SH) [5]