CATL(SZ:300750) 第一财经·2025-12-04 15:47Core Viewpoint - CATL's subsidiary, Times Electric Ship Technology Co., Ltd., launched a "ship-shore-cloud" zero-carbon shipping and smart port integration solution, marking a key step in CATL's "full-domain incremental" strategy aimed at expanding its core battery capabilities across all transportation scenarios, including maritime [3][4]. Group 1: Industry Insights - The global electric ship battery shipment is expected to reach 268.5 GWh by 2029, with a compound annual growth rate (CAGR) of approximately 125.7% from 2025 to 2029 [4]. - In China, electric ship battery shipments are projected to hit 3.6 GWh in 2025 and 104.7 GWh by 2029, with a CAGR of 131.9% during the same period [5]. - The electric ship sector is still in the exploratory phase, with significant growth potential compared to the more mature electric vehicle market [4][5]. Group 2: Challenges and Solutions - Electric ships face challenges such as high humidity, salt mist, long operating hours, and high power requirements, which complicate their development compared to electric vehicles [5]. - The industry has historically struggled with coordination among different suppliers for power, refueling, and maintenance, leading to inefficiencies and operational issues over a ship's 30-year lifespan [5]. - CATL's new solution addresses these pain points by integrating battery systems, power systems, and smart navigation systems on the ship, while establishing charging networks and a "ship-electric separation" model onshore, and utilizing a smart management platform for remote monitoring and optimization [5]. Group 3: Market Dynamics - The market for marine lithium batteries is highly concentrated, with CATL, EVE Energy, and Guoxuan High-Tech collectively holding nearly 80% of the market share, despite 30 companies having CCS certification for marine lithium battery cells [5].