大圆柱成新“抓手”？多家锂电企业扭亏为盈

Core Viewpoint - The article highlights the positive performance forecasts for companies involved in the production of large cylindrical batteries, driven by the growing demand in the electric vehicle and energy storage markets [3]. Group 1: Company Performance - Multiple companies, including DLF, Boliv, and Penghui Energy, have reported turning losses into profits, particularly in the large cylindrical battery segment [3]. - DLF noted a significant increase in sales of lithium hexafluorophosphate and new energy batteries, with 95% of its battery shipments in 2025 being large cylindrical products [3]. - Boliv's performance improvement is attributed to the growth in electric motorcycle and two-wheeler battery swap businesses, alongside a recovery in the European electric bicycle market [3]. - Penghui Energy expects a net profit of 80 million to 110 million yuan, with its large cylindrical batteries achieving full production and sales [3]. Group 2: Market Dynamics - The large cylindrical battery has become a core product for these companies, with applications expanding beyond traditional passenger vehicles to include light-duty power and energy storage markets [4]. - DLF's large cylindrical battery business has become a significant growth driver, contributing 25.3% to total revenue with a growth rate of 75.4% [4]. - The global home energy storage system shipment is projected to reach approximately 35 GWh in 2025, marking a nearly 50% year-on-year increase, indicating a strong recovery in the home storage market [5]. Group 3: Application and Technology - In the home storage market, large cylindrical batteries are replacing small cylindrical ones, enhancing efficiency and capacity [5]. - The electric motorcycle sector is increasingly adopting large cylindrical batteries due to their high voltage, capacity, and performance, which align with the demand for enhanced safety and cost-effectiveness [6]. - Companies like Lihua Power and Bick Battery are actively developing large cylindrical batteries for various applications, including new energy vehicles and small energy storage [6]. Group 4: Strategic Advantages - The large cylindrical battery serves multiple applications, allowing battery manufacturers to streamline production lines and offer diverse options to customers [7].