固态电池设备行业深度：固态电池0-1快速发展，产业化初期设备商优先受益

Investment Rating - The report recommends a focus on solid-state battery equipment suppliers, particularly leading companies such as XianDao Intelligent, laser welding equipment manufacturers like LianYing Laser, and formation and capacity equipment suppliers like HangKe Technology [2]. Core Viewpoints - Solid-state batteries possess high energy density and safety, with broad future application scenarios. The transition from liquid to solid-state batteries is expected to enhance energy density significantly, with solid-state batteries projected to achieve energy densities exceeding 500 Wh/kg by 2030 [2][11]. - The dry process for all-solid-state batteries opens new demand for equipment, with significant changes in the production process across all stages, including the elimination of solvents and the introduction of new assembly techniques [2][10]. - Domestic key equipment companies are making strides in solid-state battery production, with several firms already achieving pilot production lines and partnerships for research and development [2][12]. Summary by Sections 1. High Energy Density and Safety of Solid-State Batteries - Solid-state batteries utilize solid electrolytes, offering advantages in energy density and safety compared to traditional liquid batteries. They can achieve energy densities of 300-500 Wh/kg, significantly higher than liquid batteries [11][12]. - The solid-state design eliminates risks associated with liquid electrolyte leakage and enhances thermal stability, making them suitable for various applications, including consumer electronics and electric vehicles [11][12]. 2. Dry Process as the Mainline for All-Solid-State Batteries - The dry process introduces new production techniques that enhance efficiency and reduce costs. Key changes include the elimination of solvent use and the introduction of new assembly methods that improve the overall production process [2][10]. 3. Key Domestic Equipment Companies - Notable companies in the solid-state battery equipment sector include: - XianDao Intelligent: First to achieve full-line equipment for solid-state batteries. - LianYing Laser: Leading in laser welding equipment, expected to benefit from increased demand in solid-state battery assembly [2][12]. 4. Investment Recommendations - The report emphasizes investment in solid-state battery equipment suppliers, particularly those involved in full-line production and advanced technologies, as they are positioned to benefit from the industry's growth [2][12]. 5. Policy Support for Solid-State Battery Development - The Chinese government is actively promoting the development of solid-state batteries through various initiatives, aiming for significant advancements in production capabilities by 2027 [2][39][45].