6.5亿元定增背后，押注全极耳大圆柱与AI电池研发

Core Viewpoint - The manufacturing capability of all-tab cylindrical batteries and the efficiency of AI-driven R&D will become important metrics for measuring a company's long-term value [2][14]. Investment Projects - The company plans to raise no more than 650 million yuan, with over 70% allocated to the intelligent manufacturing project of all-tab cylindrical batteries, and a specific allocation for AI-driven R&D projects [2][3]. - The total investment for the all-tab cylindrical battery intelligent manufacturing project is approximately 51.93 million yuan, with 46.29 million yuan from the raised funds [3]. - The AI-driven reliability analysis and R&D enhancement project has a total investment of about 5.21 million yuan, with 4.71 million yuan from the raised funds [3]. Market Trends - The demand for cylindrical batteries is expected to explode in emerging fields such as eVTOL aircraft and humanoid robots over the next five years, with cylindrical batteries becoming the "core engine" due to their high safety and compatibility [3]. - In 2024, the shipment growth rate of cylindrical batteries in portable energy storage and household energy storage is projected to exceed 100%, with a growth rate of 150% in the two-wheeler sector [4][5]. Competitive Landscape - Major players are racing to capture market share, with CATL planning to build 20 GWh of cylindrical battery capacity in two factories in Central Europe to support BMW [7][8]. - EVE Energy has disclosed that its 46-series cylindrical batteries have secured customer intention orders totaling approximately 472.31 GWh for the next five years [9]. - Start-up Yunshan Power has launched its 1.5 GWh cylindrical all-tab battery production line and plans to initiate a second phase of construction within the year [10]. R&D and Innovation - The company has allocated 47.07 million yuan for AI R&D projects, aiming to drive deeper industry transformation [11]. - Various participants are choosing different paths for AI integration, such as establishing joint laboratories and focusing on AI4S innovations [13]. - The company's fundraising is seen as a breakthrough in its boundaries and a reflection of the industry's technological transformation [11].