CATL(SZ:300750) Zheng Quan Shi Bao Wang·2025-11-12 13:40Core Insights - The 2025 World Power Battery Conference commenced in Yibin, Sichuan, focusing on "New Vision, New Ecology, New Opportunities" with key industry leaders presenting [1] - China's power battery sales increased by 48.9% year-on-year in the first three quarters of 2023, reaching 786 GWh, with exports growing by 32.7% to over 129 GWh [2] - The conference highlighted the importance of technological innovation and collaboration in the power battery industry to achieve high-quality development [1][2] Industry Performance - China's power battery industry has maintained its position as the world's largest for eight consecutive years, with significant advancements in key technologies such as module-free battery packs and integrated battery chassis [2] - The "New Three Items" (electric vehicles, lithium batteries, and photovoltaic batteries) have become crucial pillars of China's exports, contributing over 900 billion yuan in total export value in the first three quarters of 2023 [2] - The lithium battery sector alone contributed nearly 400 billion yuan, accounting for over 40% of the "New Three Items" export total [2] Technological Developments - Solid-state batteries are identified as a core future direction for the industry, with expectations for small-scale applications by 2030 [3] - Current challenges in solid-state battery development include interface resistance, cost, and manufacturing processes, with breakthroughs anticipated in energy density and key technologies [3][4] - The timeline for solid-state battery commercialization includes attempts at semi-solid battery applications by 2025 and small-scale demonstrations by 2027 [4] Regional Developments - Sichuan's power battery production reached 168.1 GWh in the first three quarters of 2023, marking a 49.2% increase, with expectations to exceed 200 GWh for the year [5] - Yibin is emerging as a major hub for the new energy vehicle and power battery industry, with over 120 projects and a planned capacity of 300 GWh [5] - The 2025 Power Battery Application Ecology Exhibition showcased over 230 exhibitors, highlighting the industry's strong growth and collaborative potential [6] Economic Impact - The signed projects at the conference total 180, with a combined value of 861.3 billion yuan, indicating robust industry momentum [6] - Once fully operational, these projects are expected to generate over 900 million yuan in annual output value and create nearly 30,000 new jobs [7]