CATL(SZ:300750) Chan Ye Xin Xi Wang·2025-09-26 01:13Core Insights - The article discusses the advancements and market potential of oxide solid-state batteries, highlighting their safety and energy density advantages over traditional liquid batteries [1][2][8] - It emphasizes the expected growth trajectory of the solid-state battery market, with projections indicating a significant increase in global shipments by 2030 [1][8] Industry Overview - Oxide solid-state batteries utilize oxide materials as solid electrolytes, replacing organic electrolytes and separators in traditional lithium-ion batteries, thus enhancing safety and energy density [1][2] - The most promising electrolyte type is the garnet-type LLZO, which exhibits high ionic conductivity and stability [3][4] Market Projections - By 2027, small-scale production of solid-state batteries is anticipated, with global shipments expected to reach 614 GWh by 2030, of which nearly 30% will be solid-state batteries [1][8] - In China, the solid-state battery market is projected to exceed 100 billion yuan by 2030, with oxide electrolytes expected to capture over 70% of the market share by 2025 [10][11] Policy Support - The Chinese government has introduced multiple policies to support the development of the solid-state battery industry, providing a clear framework for technological advancement and commercialization [5][6] Industry Chain Structure - The industry chain for oxide solid-state batteries in China is well-defined, with upstream resources including lithium and zirconium, midstream battery manufacturing, and downstream applications in electric vehicles and energy storage [5][6] Application Areas - The primary application for oxide solid-state batteries is in electric vehicles, where they are expected to enhance safety and energy density, with companies like BYD planning to launch new models featuring these batteries [7][8] - Other applications include consumer electronics and energy storage systems, where the demand for high energy density and safety is increasing [7][8] Competitive Landscape - The competition in the oxide solid-state battery sector is intensifying, with major players like CATL and BYD leading the charge in research and production [12][14] - New entrants are also emerging, leveraging unique technologies to enhance competition and drive industry progress [14][17]