2025年年末至2026年年初，以磷酸铁锂为代表的锂电行业，上下游正进行一场轰轰烈烈的"大博弈"。 一方面，铁锂厂商整体亏损近三年，涨价欲望强烈；另一方面，电池厂商下游储能等行业价格也持续走 低。 1月13日，容百科技与宁德时代超1200亿元的采购合作协议引得整个市场热议，这或将成为磷酸铁锂行 业有史以来最大的订单。不过，该事项很快受到上交所问询。上交所要求容百科技全面自查，并完整披 露关于上述协议的全部重要内容。 此举或标志着宁德时代"控盘"磷酸铁锂的计划暂时受挫，后续其与上游磷酸铁锂厂商之间的博弈如何演 绎，值得持续关注。 磷酸铁锂"大博弈" 2025年年末，磷酸铁锂正极厂商集体停产检修，在锂电行业掀起波澜。湖南裕能、万润新能、德方纳 米、安达科技、龙蟠科技等主要磷酸铁锂正极厂商纷纷发布公告，表示将部分产能停产检修。 这被业界视为磷酸铁锂厂商"抱团取暖"，以集体停产检修向下游电池厂商施压，从而提高加工费。 这场行动似乎取得了成功。2026年年初，鑫椤资讯称，加工费方面，除了个别大客户还在持续谈判中， 其他客户基本全部接受了部分供应商加工费提涨1000元/吨的要求。 然而，宁德时代的反击很快到来。 1月13 ...

彭博社认为造成这种反差的原因之一，是全球秩序正在发生的深远改变。彭博社称，在国际经济层面，美国政府去年持续滥用关税对供应链造 成的冲击，改变了资本在全球的流动方向。 "在美国不断试图吸引投资与制造业回流本土之际，中国企业正在对外输出资本与制成品的同时，也在海外播撒下未来就业、生产力与创新发 展的种子"，该媒体写道。 近日，美国彭博社刊登了一篇分析文章。通过对比美国和中国在欧洲等地的投资变化，这家美国媒体认为，一个变化，正在中美之间显现。 这篇文章以美国福特汽车公司和中国的宁德时代公司在德国的工厂为切入点。 在谈到福特时，彭博社表示，早在1931年就来到德国科隆设厂的美国福特汽车，曾是美国给全世界提供资本和就业机会的象征之一，可这个象 征如今却"摇摇欲坠"——因为福特不仅在去年从这个工厂裁掉了1000人，占到了员工总数的四分之一，而且还宣布在今年1月将生产线的工时 改为单班制。同时，对欧洲市场进行战略收缩的福特，关停了在德国的另一座工厂，且仅在欧洲大陆保留少数几款车型供应。 可在距离福特工厂4小时车程的阿恩施塔特市，中国企业宁德时代的工厂却是一番"完全不同的景象"。 "这家耗资20亿美元、建于两年前的工厂，目前 ...

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~ 2026年1月15日，据上海证券交易所（以下简称"上交所"）官网及容百科技（股票代码：688005）官方公告信息，宁波容百新能源科技股份有 限公司于2026年1月13日晚间发布《关于与宁德时代签署日常经营重大合同的公告》（公告编号：2026-002），披露其与宁德时代新能源科技 股份有限公司（以下简称"宁德时代"）达成一项长期采购合作。 根据该公告，双方约定自2026年第一季度起至2031年，容百科技将向宁德时代供应磷酸铁锂正极材料，预计总供应量约为305万吨。按当前市 场价格测算，合同总金额超过1200亿元人民币。公司强调，该协议属于日常经营范畴，不构成关联交易，亦无需提交股东大会审议，已履行内部 审批程序。 公告指出，此次合作基于容百科技在磷酸铁锂材料领域的新工艺技术突破，其产品在压实密度、首效及铁溶出率等关键性能指标上具备行业领先 优势。公司表示，相关技术可显著降低生产成本与能耗，并实现绿色制造。此举标志着容百科技在原有三元正极材料业务基础上，正式大规模切 入磷酸铁锂赛道。 然而，该公告发布后迅速引发市场高度关注 ...

Core Viewpoint - The 2025 China Enterprise ESG "Golden Responsibility Award" aims to recognize companies that have made significant contributions to ESG (Environmental, Social, and Governance) practices, promoting sustainable development in China [1][4]. Group 1: ESG Services and Initiatives - Sina Finance ESG Rating Center offers 14 ESG services, including information, reports, training, and consulting, to help listed companies promote ESG concepts and enhance their sustainable development performance [1][4]. - In 2025, many quality enterprises in China are actively practicing their responsibilities in environmental, social, and governance areas, while domestic financial institutions are steadily advancing in ESG responsible investment [1][4]. Group 2: Award Selection and Winners - The 2025 China Enterprise ESG "Golden Responsibility Award" attracted over 5,000 participating companies since its launch in November, with winners selected based on comprehensive ESG performance, professional scoring, and online voting results [1][5]. - The winners of the 2025 China Enterprise ESG "Golden Responsibility Award" for the Annual Sustainable Development Award include China General Nuclear Power, Sungrow Power Supply, Kweichow Moutai, CATL, Zijin Mining, Hikvision, Yili, Baosteel, Chint Electric, and China Mobile [2][5]. Group 3: ESG Rating Center Overview - The Sina Finance ESG Rating Center is the first Chinese ESG professional information and rating aggregation platform, dedicated to promoting sustainable development and responsible investment [3][6]. - The center aims to establish ESG evaluation standards suitable for China's characteristics and enhance corporate ratings, while also launching multiple ESG innovation indices for investors [3][6].

据宁德时代官方微信号1月15日消息，1月14日，中国长安汽车与宁德时代在重庆签署为期五年的全面深化战略伙伴关系备忘录，围绕技术应用、市场拓展、 模式创新、海外布局及品牌传播等方向开展合作。中国长安汽车总经理赵非与宁德时代市场体系联席总裁韩伟代表双方签署，重庆市副市长郑向东、中国长 安汽车董事长朱华荣、宁德时代董事长兼CEO曾毓群出席并见证签约。 图片来源：每日经济新闻 梁枭 摄 中国长安汽车作为经国务院批准、于2025年新设立的中央大型汽车集团，业务覆盖整车、核心零部件、汽车金融与服务等多个领域，正全力打造智能汽车机 器人、飞行汽车等代表新质生产力的未来产业。 去年，宁德时代还与首汽集团、东风商用车签署战略合作协议，在多个领域推进合作，引领行业发展。 据宁德时代官网，2025年9月25日，宁德时代与首汽集团签署战略合作协议。双方将在汽车客运、汽车租赁、汽车服务、汽车能源供应等领域推进车辆电动 化转型、售后服务、废旧电池回收、充换电设施布局合作，围绕国家"双碳"目标，加快打造出行服务新能源转型发展"新样板"。 首汽集团作为全方位汽车出行服务提供商，旗下拥有庞大的车辆运营规模、多元的出行服务场景与成熟的高端服务经 ...

Core Viewpoint - Recently, Gao'an Run'an New Energy Co., Ltd. was established, indicating a strategic move in the renewable energy sector by its parent company, Ningde Times [1] Company Summary - Gao'an Run'an New Energy Co., Ltd. has a registered capital of 7.14 million RMB, focusing on various energy-related services including power generation, transmission, and distribution [1] - The company is wholly owned by Times Green Energy Co., Ltd., which is a subsidiary of Ningde Times [1] Industry Summary - The establishment of Gao'an Run'an New Energy Co., Ltd. reflects the growing emphasis on new energy technologies and services within the industry, particularly in solar power and IoT technology [1] - The company's operational scope includes emerging energy technology research and development, highlighting the industry's shift towards innovative energy solutions [1]

21财经1月15日电，天眼查工商信息显示，近日，高安润安新能源有限公司成立，法定代表人为戴维，注册资本714万人民币，经营范围含发电业务、输电业 务、供（配）电业务，建设工程施工，新兴能源技术研发，太阳能发电技术服务，热力生产和供应，物联网技术服务，信息系统集成服务等。股权全景穿透 图显示，该公司由时代绿色能源有限公司全资持股，后者为宁德时代（300750）全资子公司。 ▲ 高安润安新能源有限公司 亚洲专 股权结构全景 股权穿透图 (+) 宁德时代新能源科技股份有 限公司 高安润安新能源有限公司 经营信息 基本信息 4 法律诉讼 经营风险 工商信息 ● 工商信息 历史工商信息0 企业名称 高安润安新能源有限公司 登记状态 ② 存续 載 法定代表人 戴维 成立日期 2026-01-1! 统一社会信用代码 ② 91360983MAK5CF9U7R 注册资本 2 714万人民i 纳税人识别号 ② 工商注册号 360983210324211 91360983N 营业期限 2026-01-15 至 无固定期限 纳税人资质 有限责任公司(自然人投资或控股的法人 行业 企业类型 电力、热力 独资) 参保人数 英文名称 - ...

天眼查工商信息显示，近日，高安润安新能源有限公司成立，法定代表人为戴维，注册资本714万人民 币，经营范围含发电业务、输电业务、供（配）电业务，建设工程施工，新兴能源技术研发，太阳能发 电技术服务，热力生产和供应，物联网技术服务，信息系统集成服务等。股权全景穿透图显示，该公司 由时代绿色能源有限公司全资持股，后者为宁德时代（300750）全资子公司。 ...

Core Viewpoint - The termination of the restructuring of Fulian Precision Engineering strengthens the company's position as a leader in lithium iron phosphate, with a strategic partnership formed with CATL [1] Group 1: Strategic Developments - CATL's investment will accelerate the construction of high-pressure, high-density lithium iron phosphate production capacity, creating a systematic and scalable competitive advantage for the company [1] - The partnership will leverage CATL's resources to enhance the company's business expansion in electric drive systems for new energy vehicles, energy storage thermal management, and robotics [1] Group 2: Financial Projections - The company is expected to increase its shareholding in the lithium iron phosphate subsidiary by 2026, leading to a rapid increase in the penetration rate of high-pressure, high-density lithium iron phosphate [1] - The net profit forecast for 2025-2027 has been revised upwards from 540 million, 1 billion, and 1.37 billion to 540 million, 2 billion, and 2.8 billion, representing growth rates of 37%, 273%, and 36% respectively [1] - Corresponding price-to-earnings ratios are projected to be 59, 16, and 12 times for the years 2025, 2026, and 2027 [1]

Core Viewpoint - The lithium market is experiencing a significant shift, moving from a cycle of irrational exuberance to rational growth, driven by a more mature market and fundamental demand from AI and battery energy storage systems (BESS) [1][9]. Group 1: Market Dynamics - The lithium market has undergone five booms and four busts over the past 15 years, defined by price fluctuations exceeding 20% [2]. - Historical price volatility has been attributed to the small market size and severe supply-demand mismatches, with past booms often based on overly optimistic expectations [3]. - The recent peak price of lithium reached approximately $82 per kilogram during the 2020-2022 period, followed by a dramatic decline to about $8 per kilogram, marking a nearly 90% drop [3]. Group 2: Recent Trends and Predictions - Deutsche Bank predicts that the bottom of the current cycle occurred in August 2025, with lithium spot prices rising approximately 160% and futures prices soaring 180% since that low [1]. - The average duration of boom periods is about 13 months, while busts last around 18 months, with the most recent major downturn lasting approximately 25 months [8]. Group 3: Key Drivers of Price Fluctuations - Three main factors contribute to the volatility of lithium prices: 1. The Dornbusch overshooting mechanism, where prices react excessively to shocks due to delayed corporate pricing responses and slow new supply adjustments [7]. 2. The market's small size historically, where minor supply-demand changes could lead to significant price swings [11]. 3. Dynamic policy impacts, where government support can exacerbate overheating during booms and worsen oversupply during downturns [11]. Group 4: Market Maturity and Future Outlook - The lithium market is projected to have a supply volume in 2025 that is approximately 11 times larger than that of 2015, indicating significant market maturation [11]. - The introduction of financial instruments like GFEX futures has increased market transparency and reduced speculative behavior, fostering a more rational valuation environment [11]. - The shift in demand drivers from electric vehicles (EVs) to BESS is a critical difference in the current cycle, with the latter being driven by fundamental needs rather than government subsidies [11].