CATL(SZ:300750) Zheng Quan Shi Bao·2025-09-16 18:10Core Viewpoint - The sodium-ion battery industry is experiencing significant advancements, with companies like CATL leading the way in developing and commercializing these batteries, which are expected to see increased application in energy storage and commercial vehicles over the next few years [3][4]. Group 1: Company Developments - CATL has launched a sodium-ion battery that has achieved certification under new national standards, making it the first of its kind globally to receive such certification [3]. - The energy density of CATL's sodium-ion battery is reported to be 175Wh/kg, with a cycle life exceeding 3000 cycles [3]. - Other companies, such as Guoxuan High-Tech and Xinwanda, are also investing in sodium-ion battery technology, with Guoxuan High-Tech establishing a research center in collaboration with Fudan University to focus on advanced battery technologies [4]. Group 2: Market Performance - In the first half of 2025, CATL is projected to achieve a net profit of 30.485 billion yuan, while other notable companies like Shenhuo Co. and Xinwanda are expected to report net profits of 1.904 billion yuan and 0.856 billion yuan, respectively [5]. - Shenhuo Co. reported a revenue of 20.428 billion yuan in the first half of 2025, marking a year-on-year increase of 12.12%, although its net profit decreased by 16.62% due to lower coal prices [5]. - The net profit growth rates for several companies in the sodium-ion battery sector exceeded 30%, indicating strong performance in this emerging market [5][6]. Group 3: Industry Outlook - The sodium-ion battery market is anticipated to see significant growth, with projections indicating that shipments in China will exceed 1.5GWh in 2024 and surpass 7GWh in 2025, eventually reaching over 200GWh by 2030 [4]. - The next 2-3 years are considered a critical window for the industrialization of sodium-ion batteries, particularly in energy storage and commercial vehicle applications [4].