Di Yi Cai Jing·2025-05-19 10:21Core Insights - The advancement of solid-state battery technology is accelerating production speed, with significant interest from both domestic and international markets [1][3] - In 2024, exports of electric vehicles, lithium batteries, and photovoltaic products from China are expected to exceed 1 trillion yuan, marking a pivotal year for battery technologies transitioning from laboratory to mass production [3] - Solid-state batteries are gaining traction due to their higher energy density, safety, and longevity compared to traditional liquid batteries, although high costs remain a barrier to widespread adoption [4][5] Industry Trends - The CIBF 2025 exhibition showcased over 1,000 exhibitors focusing on advanced battery technologies, including solid-state and sodium-ion batteries, highlighting the industry's growing momentum [1][3] - Chinese companies, led by CATL and BYD, are projected to capture over 60% of the international market share for power batteries by 2024, while Japanese and Korean electric vehicle manufacturers are experiencing a decline in market share [3][7] - The demand for solid-state batteries is increasing across various applications, including electric flying vehicles and humanoid robots, with significant inquiries from both domestic and international buyers [4][5][7] Cost Reduction Efforts - The cost of solid-state battery materials, particularly sulfide electrolytes, has seen a dramatic decrease, with prices dropping from 300-600 yuan per gram to 10-30 yuan per gram in the past year [6] - Companies are implementing cost-reduction strategies, with Honda aiming to lower solid-state battery costs by 25% by the late 2020s and 40% by the 2040s [6] - Innovations in manufacturing processes and materials are expected to further drive down costs, making solid-state batteries more competitive with traditional lithium batteries [6][9] Global Competition - International interest in Chinese advanced battery technologies is rising, with foreign buyers actively seeking partnerships and procurement opportunities at the CIBF exhibition [7] - Chinese battery manufacturers dominate the market, with a combined market share of approximately 67% among leading companies like CATL and BYD [7][8] - Japanese and Korean companies are intensifying their efforts to catch up in the solid-state battery market, with plans for mass production set for 2027 [9]