致同解读动力电池产业进化之路：从产品供应走向联合共创

Core Insights - The power battery industry is at a critical juncture, transitioning from rapid growth to deep adjustment, with price wars and homogenization compressing profit margins [1] - The industry is shifting from "product competition" to "value competition" and from "single-point supply" to "collaborative co-creation" [1] Industry Dynamics - The essence of the current "involution" in the industry is that competitive logic remains focused on price [1] - Companies must delve into more segmented application areas, adapting technologies and providing customized solutions to re-establish competitive barriers [1] - Core performance metrics such as safety, energy density, and cycle life remain foundational for market presence, while the ability to "upgrade" is what differentiates companies [1] Future Innovation Directions - Key future innovation directions include the global promotion of battery swapping standards, compatibility upgrades for solid-state battery technology, and digital collaboration across the entire value chain from vehicle to battery recycling [2] - The ability to expand application scenarios is positioned as critical [2] - The industry is expected to continue a "dual-driven trend of technological innovation and scenario expansion" over the next three to five years [2] Strategic Evolution - Technological innovation is the core variable for differentiating companies and is essential for cost optimization and experience enhancement [2] - A deeper change is occurring in industrial relationships, moving from simple transactional relationships to collaborative co-creation characterized by joint technology research, ecosystem building, and capital collaboration [2] - Companies that can maintain core technology integrity while continuously upgrading their application ecosystems and business models will be able to stabilize during cyclical fluctuations and stand out in the next round of industrial evolution [2]