兴业证券：固态电池等新技术加速落地 后道工艺设备供应商将有望受益

Group 1: Industry Overview - The report from Industrial Securities suggests focusing on leading battery equipment companies and solid-state battery equipment suppliers as the industry evolves [1] - By 2025, the demand for new energy vehicles and energy storage is expected to grow steadily, although the industry faces an oversupply situation due to previous rapid capacity expansion [1] - The lithium battery sector is experiencing a price bottoming and production expansion slowdown, which are positive developments for the market [1] Group 2: Solid-State Battery Development - The commercialization of solid-state batteries is anticipated to accelerate by 2025, offering advantages such as high energy density and superior safety [2] - Solid-state batteries are expected to gradually replace existing liquid lithium batteries in various applications, including new energy vehicles and energy storage, while also opening new markets like low-altitude, robotics, and data centers [2] - The supply chain for solid-state batteries is expected to see collaborative breakthroughs across various segments, with advancements in materials and production processes leading to significant cost reductions [2] Group 3: Equipment and Technology - The transition to solid-state batteries will require significant changes in equipment, particularly in the dry electrode processes and solid electrolyte pressing equipment [2] - The demand for high-pressure formation equipment is expected to increase due to the higher pressure requirements in the formation stage of solid-state batteries compared to liquid batteries [2]