护“链”稳“技”，筑牢锂电池出口安全屏障

Core Viewpoint - The recent implementation of "technology-level" export controls in China's new energy equipment manufacturing sector is aimed at enhancing national security and protecting core technologies, rather than imposing trade restrictions [5][6][9]. Export Control Announcement - The Ministry of Commerce and the General Administration of Customs announced the implementation of export controls on lithium batteries and related manufacturing equipment, effective from November 8, 2025 [5]. - The updated export control list includes rechargeable lithium-ion batteries with an energy density of 300Wh/kg or more, high-pressure lithium iron phosphate cathode materials, artificial graphite anode materials, and related technologies [6][11]. Industry Impact - The new policy is expected to help maintain China's competitive advantage in the global lithium battery supply chain and prevent core technologies from leaking abroad [6][11]. - The export controls are seen as a "wind vane" that may reshape the development layout of Chinese lithium battery companies, encouraging them to invest overseas [8][11]. Technological Focus - The export controls specifically target high-end products and technologies, similar to export restrictions in the semiconductor industry [9][11]. - The measures are designed to create a "technical barrier" for the lithium battery industry, ensuring national security while promoting a shift towards high-end, technology-driven industrial transformation [11][15]. Market Dynamics - China's lithium battery products are experiencing strong demand overseas, with a reported 90% year-on-year growth in the overseas energy storage market [8]. - The export controls may lead to a temporary premium on high-end products due to their scarcity, while also tightening compliance approvals for overseas capacity expansion and core equipment exports [12][15]. Future Outlook - The export controls are expected to provide a regulatory framework that encourages companies to focus on core technology research and development, enhancing their market competitiveness [15]. - The global solid-state battery market is projected to grow at a compound annual growth rate of over 80% from 2024 to 2030, indicating significant opportunities for Chinese battery manufacturers [14][15].