高工锂电·2025-07-15 10:51Industry Overview - The new energy vehicle (NEV) sector in China has seen over 30% growth in the first half of the year, with lithium batteries growing by 53.3%, indicating a strong momentum in the new energy industry [2] - The export structure of China continues to optimize, with total exports of electromechanical products reaching 7.8 trillion yuan, a 9.5% increase, accounting for 60% of total exports. The "new three items" (NEVs, lithium batteries, and photovoltaic products) saw a 12.7% increase in exports, showcasing the manufacturing industry's shift towards green and low-carbon development [2] Battery Production and Sales - In June, China's total production of power and other batteries reached 129.2 GWh, a month-on-month increase of 4.6% and a year-on-year increase of 51.4%. The cumulative production for the first half of the year was 697.3 GWh, with a year-on-year growth of 60.4% [6] - The power battery installation volume in June was 58.2 GWh, with a month-on-month increase of 1.9% and a year-on-year increase of 35.9%. Among these, ternary battery installations accounted for 10.7 GWh (18.4% of total installations), while lithium iron phosphate battery installations reached 47.4 GWh (81% of total installations) [6] Company Performance - Tianqi Lithium Industries expects a net profit of 0 to 155 million yuan in the first half of the year, marking a turnaround from losses. This is attributed to a shortened pricing cycle for lithium ore and increased investment income from its joint venture SQM, despite a decline in lithium product sales prices [9] - Sanyuan Co. anticipates a significant net profit increase of 810.41% to 1.265 billion yuan for the first half of 2025, driven by its core businesses in negative materials and polarizers [11] - Zhongke Electric expects a net profit of 232 million to 301 million yuan for the first half of the year, a growth of 235% to 335% year-on-year, due to increased production capacity of lithium battery anode materials and rising demand from the NEV and fast-charging markets [13] Equipment Development - Shenzhen Ruineng Industrial Co., Ltd. has successfully delivered core equipment for solid-state battery manufacturing to a leading domestic battery manufacturer, including specialized equipment for solid-state battery formation and testing [16] International Developments - General Motors announced a shift in its Tennessee battery plant to produce LFP lithium iron phosphate batteries, accelerating the mass production and research of LMR lithium-rich manganese-based batteries, enhancing its battery product lineup [18] - SK On's North American factory has fully commenced operations for the first time since opening three years ago, with all 12 production lines running at full capacity, significantly increasing battery output compared to the previous year [20]