CSICPCL(SH:600482) Di Yi Cai Jing·2025-10-24 06:37Core Insights - The power battery industry has become a significant advantage for China's new energy vehicle sector, contributing to the green and low-carbon transformation of the automotive industry [1] - China has established a complete power battery industry chain, supplying approximately 70% of battery materials and over 60% of power batteries globally [1][2] - The production capacity of power batteries is expected to exceed 1000 GWh by 2024, growing more than tenfold from 83.4 GWh in 2020 [1] Industry Growth - In the first three quarters of this year, the cumulative installed capacity reached 493.9 GWh, representing a year-on-year increase of 42.5% [1] - The export volume of power batteries reached approximately 130 GWh, with a year-on-year growth of 32.7% [2] - Sichuan province has emerged as a major production base, with a power battery output of 168.1 GWh in the first nine months of this year, a 49.2% increase year-on-year [3] Technological Advancements - Breakthroughs have been made in key material research, cell design, and system integration, with mass-produced battery energy density exceeding 300 Wh/kg [2] - The development and industrialization of all-solid-state batteries are accelerating [2] Regional Development - Yibin city has attracted over 120 projects related to power batteries and their supply chain, with a planned production capacity of 300 GWh [3] - Yibin's power battery output is projected to account for over 16% of the national total and 10% of the global total by 2024 [3] - The economic contribution of Yibin's power battery industry is expected to exceed 100 billion yuan in both 2023 and 2024, becoming the second trillion-level industry after liquor [4] Industry Events - The 2025 World Power Battery Conference will be held in Yibin, Sichuan province, on November 12-13, 2025, following three successful previous editions [4]