2 1 Shi Ji Jing Ji Bao Dao·2025-11-19 01:27Core 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, including CATL [1][9]. Group 1: Sodium-ion Technology and Market Potential - The company has a comprehensive sodium-ion technology roadmap, with its cathode products leading in multiple key performance indicators such as cycle life, compaction, and energy density [4]. - The sodium-ion battery market is expected to see substantial growth, with global shipments projected to reach 3.7 GWh in the first half of 2025, a year-on-year increase of 259%, and an annual total of over 23.1 GWh, reflecting a 542.7% growth [4]. - The sodium-ion battery industry is entering an expansion phase, driven by its high safety, long lifespan, and strong environmental adaptability, making it increasingly applicable in new energy storage solutions [7]. Group 2: Production Capacity Plans - The company plans to establish a pilot line with a capacity of 6,000 tons by 2025, followed by a target of 50,000 tons through upgrades and acquisitions by 2026, and aims for a million-ton capacity by 2030 [8]. - The company intends to localize sodium-ion battery production in North America and Europe starting in 2029, aligning with the anticipated surge in demand for energy storage solutions [8]. Group 3: Strategic Partnerships and Market Position - The company has signed a cooperation agreement with CATL, securing its position as the primary supplier of sodium-ion cathode materials, with a commitment from CATL to purchase at least 60% of its total procurement from the company [9]. - The company aims to maintain reasonable profit expectations and avoid disorderly competition in the lithium battery sector by focusing on unique technological advantages and innovative business models [9].