天眼查App显示，近日，时代奇瑞（合肥）新能源科技有限公司成立，法定代表人为来永杰，注册资本 20亿人民币，经营范围为电池制造，电池零配件生产，电池销售，电池零配件销售，储能技术服务，技 术服务、技术开发、技术咨询、技术交流、技术转让、技术推广，货物进出口。股东信息显示，该公司 由宁德时代（300750）、奇瑞汽车股份有限公司、奇瑞商用车（安徽）有限公司共同持股。 ...

2026年1月以来，锂电板块表现较为活跃，多数环节跑赢沪深300和上证50指数。关联板块中柴发产业链 实现领涨，涨幅达26%，锂矿、负极、三元正极及储能涨幅随后。本月锂电相关板块多数环节月度成交 额出现上涨，其中低空经济涨幅最高达44%。本月过半锂电相关板块的3年历史估值分位处于高位，市 场对锂电板块关注度较高。 本月研究专题：碳酸锂周期反转，产业链通胀及新技术启航 碳酸锂反转主导产业链通胀及钠电等新技术放量。复盘历史，2015～2025年碳酸锂历经两轮完整的产业 周期轮动，前期主要由新能源政策及内生需求爆发等驱动上行，2025年产业链价格及库存均回归历史低 位。2026年国内储能容量补贴政策及新能源车换新政策等落地，叠加全球新能源内生需求爆发等开始驱 动新一轮碳酸锂周期上行。产业链影响看，碳酸锂价格回升有利于产业链整体通胀，此外钠电等新技术 开始具备替代经济性，有望迎接规模放量。 行情回顾： 本月行业重要变化： 1）锂电：1月27日，碳酸锂报价17.0万元/吨，较上月上涨42%；氢氧化锂报价16.5万元/吨，较上月上涨 62%。2）整车：12月国内新能源乘用车批发销量达142万辆，同/环比+3%/-10%； ...

时代购买永太高新25%股权，公司股票自2月24日开市起复牌。润泽科技2月13日公告，拟以发行可转债 方式购买广东润惠42.56%股权，股票将于2月24日复牌。 25、*ST立方公告，2021年至2023年年报存在 虚假记载，深交所拟决定终止公司股票上市交易。 26、天风证券2月13日公告，公司涉嫌福建省永安林 业持股变动信息披露违法违规，遭证监会立案调查；公司拟被暂停开展代销私募金融产品业务2年。与 此同时，证监会近日对天风证券为当代集团涉嫌违法提供融资及信息披露违法违规行为实施行政处罚及 市场禁入措施。 27、证监会2月13日公告，1月6日，英集芯在上证E互动平台人为策划"自问自答"，信 息披露构成误导性陈述。近日，证监会已对英集芯立案调查。 28、剑桥科技2月13日在互动平台回复 称，网传"公司光模块被第一大客户思科延迟提供光芯片、业绩不及预期"相关信息与实际经营情况不 符。 29、创识科技2月13日公告，控股股东、实控人张更生犯单位行贿罪，被判处有期徒刑二年；正元 智慧：实控人陈坚犯操纵证券市场罪，被判处有期徒刑三年 30、5连板掌阅科技2月13日公告，第三大 股东量子跃动2月9日至2月12日减持431 ...

智通财经记者 | 梁宝欣 智通财经编辑 | 林腾 随着全球新能源基建的加速扩张，叠加AI数据中心对电量极大的渴求，储能设备正被全球争相采购。 拥有完善新能源电池产业链的深圳供应链们，正在获得极速增长的庞大订单。 深圳储能激光设备供应商海目星负责人向界面《硬科技头条》记者透露，因为不断涌入的订单，公司一 线生产员工数量几乎翻倍，2025年下半年发货量同比增长约80%，目前订单排产已处于满载状态，仅 2026年1月新增订单金额就有望超过10亿元。 "有一段时间，每天都有1个亿的订单量"，上述人士激动地说。 界面《硬科技头条》记者注意到，近期，海目星在深圳、常州等地同步扩招，重点集中在电气工程、设 备装配和现场调试等岗位。其中，一线制造与厂内/售后现场机电安装调试岗位一次性扩招规模超过500 人。 海目星常州厂 区锂电设备产线现场。 图源：海目星 这种生产节奏的"拉满"，正是订单压力传导至用工端的直接表现。而下游扩产预期的升温，也让2025年 曾面临大额亏损的海目星在财务上迎来了拐点。2025年第四季度，海目星的净利润实现扭亏为盈，结束 了此前的业绩承压状态。 "储能逆变器从2025年一季度开始有需求，年内陆续开始 ...

Investment Rating - The report suggests a positive investment outlook for the solid-state battery industry, highlighting key players and sectors to focus on [2][11]. Core Insights - The solid-state battery industry is entering a critical phase in 2026, with significant advancements expected in the production of battery packs and vehicle testing [2][14]. - Solid-state batteries are particularly suited for space applications due to their wide temperature range, high energy density, and safety features [27][32]. - The report emphasizes the importance of policy support and technological advancements in driving the commercialization of solid-state batteries [11][24]. Summary by Sections Part 1: Transition from Cell to Pack - The focus is shifting from cell production to pack development, with significant attention on vehicle testing progress [5][14]. - The timeline indicates that 2025 will see the rollout of vehicle-grade cells, while 2026 will focus on pack production and testing [11][12]. Part 2: Adaptation to Space Environment - Solid-state batteries are designed to operate in extreme conditions, making them ideal for space applications [27][32]. - The demand for solid-state batteries in the space sector could reach tens to hundreds of GWh annually as technology matures [32][29]. Part 3: Equipment and Material Dynamics - The equipment sector is expected to benefit first from the expansion of solid-state battery production, with a focus on key players in the equipment supply chain [37][41]. - The materials sector is becoming increasingly competitive, with various players working on cost reduction and efficiency improvements [60][62]. Part 4: Investment Recommendations - The report recommends focusing on leading battery manufacturers, equipment suppliers, and material producers, highlighting specific companies for investment [2][11]. - Key players include CATL, Gotion High-Tech, and others in the battery production and equipment sectors [2][11].

智通财经APP获悉，东吴证券发布研报称，政策端是固态电池产业化的核心驱动力，国家多部门重点支 持固态电池，技术聚焦硫化物全固态，剑指27年装车示范性运营。固态电池在国家的大力支持下，25年 来产业链发展迅速。26年看，固态电池进入关键期，H1车规级Pack下线，开启装车路试验证，H2预计 量产线落地。该行认为26年核心催化点在于GWh级量产线的招标+固态相关车型的路试，有望带来类比 25年两轮大级别的行情，建议重点关注头部企业的产线招标情况，以及后续亮相工信部申报名录的新车 型。 东吴证券主要观点如下： 固态26年进入路试阶段，边际变化从电芯转为Pack，重点关注车型路试进展。25年看，固态电池产业 化加速，H1车规级电芯下线，H2中试线落地，带来两轮主升浪行情。26年看，固态电池进入关键期， H1车规级Pack下线，开启装车路试验证，H2预计量产线落地。该行认为26年核心催化点在于GWh级量 产线的招标+固态相关车型的路试，有望带来类比25年两轮大级别的行情，建议重点关注头部企业的产 线招标情况，以及后续亮相工信部申报名录的新车型。 具备宽温域+高能量+安全性，固态电池天然适配太空领域。太空体系具备真空、极 ...

近日，蔚来换电服务正式突破1亿次，意味着换电模式已经通过了规模化的市场和用户检验，成为电动 汽车重要补能路线。随着我国充电、换电并行的补能体系加速构建和完善，"加电和加油一样方便"的时 代离我们越来越近。 在全球应对气候变化挑战大背景下，新能源汽车已成为全球汽车产业变革核心力量。随着新能源汽车保 有量不断攀升，一个关键问题逐渐凸显——充电难。充电桩布局不均衡、充电时间长、节假日"抢"桩 难，让不少车主在长途出行时陷入"里程焦虑"，也制约了新能源汽车进一步普及。 蔚来是业内首家具备常态化参与电力市场调频服务的车企。2025年3月，国网苏州供电公司和蔚来汽车 合作，通过技术创新将苏州市68座换电站接入新型电力负荷管理系统，形成了调节能力达2万千瓦的充 换电虚拟电厂。电网工作人员在线发出指令，新能源汽车充换电站可以在十几秒内响应，通过能源平台 控制充换电站参与电网互动。这是目前地级市接入换电规模最大的充换电虚拟电厂。 2026年1月22日，江苏省"万瓦级"V2G（车网互动）集中放电试验中，协鑫能科与蔚来联合改造的南京6 座具备V2G功能的4.0换电站，释放出1539.85千瓦的最大功率，贡献了江苏省本次测试15%的 ...

Investment Rating - The report maintains a "Buy" rating for the electric power equipment and new energy industry [1] Core Insights - The lithium battery sector is experiencing a price surge, with lithium carbonate prices rising to 170,000 CNY/ton, a 42% increase from the previous month, and lithium hydroxide prices increasing by 62% to 165,000 CNY/ton [1] - In December, the wholesale sales of domestic new energy passenger vehicles reached 1.42 million units, with a year-on-year increase of 26% for the entire year [1] - The report highlights a reversal in the lithium carbonate cycle, driven by domestic energy storage capacity subsidy policies and the explosive growth of global new energy demand [3][32] Summary by Sections Section 1: Research Insights - The lithium carbonate market is at a cyclical turning point, with prices expected to rise significantly, impacting the entire lithium battery supply chain [14][15] - Sodium batteries are emerging as a cost-effective alternative, with a clear long-term cost advantage over lithium iron phosphate batteries [26][30] Section 2: Industry Tracking and Review - The global new energy vehicle market showed strong growth in December, particularly in China and Europe, while the U.S. market faced challenges [34][36] - In December, domestic energy storage installations reached 63 GWh, a 95% year-on-year increase, indicating a shift towards market-driven growth [40] Section 3: Investment Recommendations - The report recommends focusing on companies involved in lithium carbonate, separators, and solid-state battery technologies, including Ningde Times, Yiwei Lithium Energy, and others [7][32]

Investment Rating - The investment rating for the lithium battery industry is "Outperform the Market" (maintained) [1] Core Insights - The lithium salt price has decreased, while the prices of battery cells have increased slightly. As of February 13, the price of lithium carbonate is 144,000 CNY per ton, down by 17,000 CNY from two weeks ago. The prices of ternary cathodes, lithium iron phosphate cathodes, electrolytes, and lithium hexafluorophosphate have also decreased, while the prices of anodes and separators remain stable. The prices for square ternary power cells, lithium iron phosphate power cells, and energy storage cells have increased slightly [2][3] - The solid-state battery industry is accelerating its commercialization, with the first national standard for automotive solid-state batteries expected to be reviewed and approved in April and officially released in July. Companies like Gotion High-Tech and BASF are collaborating to develop solid-state battery technology [3][10][11] - The domestic new energy vehicle sales in January 2026 reached 945,000 units, a slight year-on-year increase, while the penetration rate is 40.3%, up by 1.3 percentage points year-on-year [3][12] Industry Dynamics - The report highlights several leading companies in the lithium battery sector that are undervalued amid improving demand, including CATL, EVE Energy, and others. It also points to companies leading in low-altitude economy and robotics, solid-state and sodium battery materials, and charging pile industries [3] - The U.S. Treasury Department has updated details regarding the OBBBA Act, tightening certification for specific foreign entities and detailing the calculation of material assistance ratios [3][13][14] - The report notes significant investments in battery production projects, including an 80GWh project by Chuangneng in Wuhan and a 33 billion CNY investment by Penghui Energy for new battery production lines [10][18] Price Trends - The report provides a detailed overview of lithium battery material prices as of February 13, 2026, indicating a decrease in lithium carbonate prices by 10.4% compared to two weeks prior, while other materials like nickel sulfate and cobalt sulfate have shown varying price changes [19] - The price of square lithium iron phosphate batteries has increased by 1.5% to 0.336 CNY/Wh, while the price of square ternary power cells remains stable at 0.582 CNY/Wh [19]

经济观察网 根据公开信息，宁德时代（300750.SZ / 03750.HK）在2026年2月23日出现股价异动，港股 收盘报542.50港元，单日上涨3.14%。其异动主要与以下因素相关： 股票近期走势 宁德时代于2026年2月16日被纳入恒生指数成分股，可能带来被动资金的配置需求。同日港股大盘表现 强劲，恒生指数上涨2.53%，能源储存装置板块整体涨幅达3.15%，对个股形成板块性带动。 上个马年沪指涨近60%！新年新福利来了，炒股排面要拉满，新号启幸运>> 资金面情况 2月中旬公司与永太科技的股权置换交易终止，市场解读为消除合作不确定性。资金面上，2月13日A股 主力资金净流出11.52亿元，但港股近期成交活跃（2月23日成交额6.73亿港元），显示资金分歧中仍有 增量资金入场。 机构观点 技术指标显示港股股价处于强势区间：股价高于20日均线，MACD柱状图为正值。机构普遍维持乐观， 2026年2月有16家机构覆盖，94%给予"买入"或"增持"评级，目标价均价619.99港元。 以上内容基于公开资料整理，不构成投资建议。 业绩经营情况 公司2025年三季报显示业绩稳健，前三季度归母净利润490.34亿元 ...