CATL(SZ:300750) Zheng Quan Ri Bao·2025-06-12 16:42Core Viewpoint - Solid-state batteries are emerging as the core development direction in next-generation battery technology due to their high energy density, safety, and long cycle life, with significant technological breakthroughs accelerating commercialization in the next 5 to 10 years [1] Industry Developments - Domestic companies are actively engaging in the industrialization of solid-state batteries, with Guoxuan High-Tech launching six new products, including G-variant and all-solid-state batteries, and achieving a design capacity of 0.2 GWh with a 90% yield rate [2] - A breakthrough in sulfide all-solid-state batteries has been reported by Gotion High-Tech, with energy densities reaching 400 Wh/kg to 500 Wh/kg, and plans for small-scale delivery by the end of 2025 [2] - CATL is also making strides in solid-state battery technology, expecting small-scale production by 2027 [2] - Jiangxi Ganfeng Lithium has achieved small-scale production of a 500 Wh/kg battery and validated a 400 Wh/kg battery with over 800 cycles [2] Material Supply and Automotive Sector Involvement - Jiangsu Ruitai New Energy Materials has begun selling solid-state battery electrolyte materials, although revenue contribution remains small [3] - Automotive companies like SAIC and Changan are planning to implement solid-state batteries in their vehicles, with SAIC aiming for mass production by the end of this year and Changan targeting 2026 for validation [3] Market Outlook - Solid-state batteries are expected to achieve commercialization by 2027, with half-solid-state batteries serving as a transitional product from 2025 to 2030 [4] - Global solid-state battery shipments are projected to reach 5.3 GWh in 2024, primarily from Chinese manufacturers, and 614.1 GWh by 2030, with nearly 30% being all-solid-state [4] - The market size for all-solid-state batteries is anticipated to reach 17.2 billion yuan by 2030 [4] - Chinese battery companies hold competitive advantages in solid-state battery development due to diverse application scenarios and a complete industrial chain [4] Challenges Ahead - Despite the promising outlook, solid-state battery commercialization faces challenges such as high manufacturing costs, material scarcity, and complex production processes [5] - The material system is identified as the biggest bottleneck, with various electrolyte types facing specific issues that hinder large-scale application [5] - The solid-state battery industry is maturing under the influence of policy support, technological innovation, and market demand, although challenges remain [5]