2 1 Shi Ji Jing Ji Bao Dao·2025-11-19 01:08Core Viewpoint - The company is positioned as a leading supplier of sodium-ion battery materials, with significant growth potential in production capacity and strategic partnerships with major clients [1][9]. Group 1: Sodium-ion Technology and Market Potential - The company's sodium-ion technology covers a comprehensive range, with its cathode products leading in multiple performance metrics [5][9]. - The global sodium-ion battery shipment is projected to reach 3.7 GWh in the first half of 2025, representing a year-on-year increase of 259.0%, with an expected total shipment of over 23.1 GWh for the entire year, reflecting a growth rate of 542.7% [5][6]. - The sodium-ion battery market is anticipated to benefit from its high safety, low cost, and compatibility with various applications, particularly in energy storage [5][8]. Group 2: Production Capacity Plans - The company plans to achieve a production capacity of one million tons of sodium-ion materials by 2030, with an intermediate goal of establishing a 6,000-ton pilot line by 2025 [8][9]. - By 2026, the company aims to reach a production capacity of 50,000 tons through upgrades and acquisitions, with additional plans for 50,000 to 100,000 tons of integrated new production lines [8][9]. Group 3: Strategic Partnerships - The company has signed a cooperation agreement with CATL, becoming its primary supplier of sodium-ion cathode materials, with a commitment to supply at least 60% of CATL's total procurement volume [9][11]. - The company is focusing on innovative business models, such as long-term contracts and direct supply of battery components, to maintain reasonable profit levels and avoid price competition [9][11]. Group 4: Investor Sentiment and Market Performance - The company's stock price has increased by approximately 30% over the past ten trading days, reflecting positive investor sentiment [4][8]. - Institutional investors are optimistic about the company's new technologies and business expansions, with expectations of improved performance in the coming years [12].