Zhi Tong Cai Jing·2025-11-03 03:09Group 1 - The core viewpoint is that solid-state batteries have a promising future, with an accelerated trend towards industrialization, expected to start small-scale vehicle installations in 2027 and enter mass production by 2030 [1][3] - Solid-state batteries utilize solid electrolytes instead of traditional liquid electrolytes, offering advantages such as higher energy density and safety, which can address industry pain points like thermal runaway and range [1][2] - The production process for solid-state batteries differs significantly from traditional liquid batteries, leading to new equipment demands and a reconstruction of value in the equipment sector [2] Group 2 - The global and Chinese solid-state battery equipment market is projected to reach 32.059 billion yuan and 25.136 billion yuan respectively by 2030 [3] - Solid-state batteries are expected to first be applied in high-demand sectors such as robotics and eVTOL, before expanding to mid-to-high-end new energy vehicles and eventually to cost-sensitive energy storage applications [3] - The investment cost for solid-state battery equipment is anticipated to decrease from 400-500 million yuan currently to 200-300 million yuan by 2030, as technology matures and costs decline [3]