倒计时5天 2025（第十届）起点锂电行业年会暨锂电金鼎奖颁奖典礼 &起点研究十周年庆典 2025起点用户侧储能及电池技术论坛 活动主题： 新周期 新技术 新生态 活动时间： 2025年12月18-19日 活动地址： 深圳市维纳斯皇家酒店（深圳国际会展中心京基百纳店）三楼维纳斯厅（深圳市宝安区沙井 镇沙井路118号） 主办单位： 起点锂电、起点储能、起点研究院SPIR 赞助及演讲单位： 惠州潼湖生态智慧区管理委员会/逸飞激光/小鲁锂电/派能科技/莫洛奇/融捷能源/远 东电池/诺达智慧/奥鸿智能/中天和/超业精密/北测新能源/蓝京新能源/贤辰智享/东唐智能/达力智能/ 亿鑫丰/爱签/和明机械/金力股份/孚悦科技/乾纳智能装备/多氟多/科迈罗/三合一体/果曼钠电/新能安/ 海辰储能/瑞浦兰钧/鹏辉能源/国轩吉泰美/创明新能源/德赛电池/先导智能/亿纬锂能/移族/新日股份/ 弘正储能/亮见钠电/易事特/清陶云能/信宇人/星恒电源/昆仑化学/星翼能源 /汇创新能源 等 光伏设备供应商奥特维，拿下锂电大单！ 12月12日消息显示， 奥特维控股子公司奥特维智能近日中标某锂电头部企业5条液冷PACK生产线，价格为9000万 ...

今年下半年以来，从上游的正极材料、电解液、铜箔，到终端的电芯与储能系统，一场以"锁量"为核心 的订单潮席卷产业链，产能紧俏、价格跳涨已成为常态。与此同时，行业龙头正通过技术迭代和全球化 布局，开拓增量市场，抢占技术制高点。业内预计，在储能需求爆发与全球能源转型的双重机遇下，中 国锂电企业依托技术与产能优势，将进一步提高全球产业话语权，重塑全球产业竞争格局。 12月9日， 国内锂电池厂商德加能源发布通知，宣布因上游原材料价格持续上涨，电池生产成本提升，公司决定自 12月16日起对旗下电池系列产品售价上调15%。同日，孚能科技也向市场透露：公司正在和客户沟通涨 价事宜，部分产品已经实现涨价。其还表示"当前部分原材料价格有所上涨，叠加市场需求持续扩大， 锂电池价格上涨是行业趋势"。（上证报） ...

11月以来，碳酸锂期货价格经历了加速向上后宽幅震荡调整的过程，主力合约在突破100000元／吨后， 出现回落调整。目前，盘面宽幅震荡，市场分歧加剧，日内波动较大。碳酸锂期货主力合约11月涨幅接 近20%，12月9日收盘价为92800元／吨。 短期基本面"强现实"给碳酸锂价格提供支撑，供需大幅超预期的情况在年内比较难出现。在供需紧平衡 逻辑下，碳酸锂价格易涨难跌。但逐步进入淡季后，基本面的新增驱动可能减弱。中期来看，在经历了 几年的价格下行周期后，碳酸锂价格在估值和情绪层面都已经具备上涨基础，而本轮储能需求的爆发提 供新的驱动，明年价格中枢有望上移。 短期基本面有支撑 供应方面，11月我国碳酸锂产量为95350吨，环比增加3090吨，同比增长49%。12月碳酸锂排产量预计 继续增加，或升至98210吨的高位。前期检修的锂辉石和云母提锂生产线部分恢复，部分小型代工厂提 供主要增量。受天气影响，盐湖端仍有小幅减量预期。另外，回收端小幅下降。 宁德时代枧下窝锂矿复产预期已经部分兑现，虽然目前市场对实际复产节点仍有分歧，但是近期复产流 程已有所推进，复产实际落地后，短期碳酸锂供应或得到一定补充。 近期锂矿价格与锂盐价格 ...

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤储能 资讯~ 文 ｜朱玥 许琳 任佳玮 储能需求爆发的大背景下，制造业环节的盈利能力仍处于历史低位的情况是不合理和不可持续的。当 前终端IRR水平较高，预计可接受10-15分/Wh的利润让渡。我们预计2026年制造业环节价格将上涨 10-15分/Wh，税后对终端电站的成本上涨12分/Wh，这对于下游需求的影响是可控的，但中游制造 业利润将大幅增厚，看好储能需求驱动下，制造业上下游量价齐升、共振受益。 国内储能对上游涨价的可接受空间较大 经济性驱动下，国内储能需求旺盛，储能项目招标数据同比大幅增长。锂电部分环节（电芯、6F等）受需 求拉动出现涨价，市场中随之出现"涨价抑制需求"的质疑， 我们本篇报告将测算国内储能电站对上游涨价 空间的接受度，并对未来各环节利润分配进行展望。 以国内储能招标较多的省份（河北、甘肃、内蒙、宁夏、山西、山东、新疆等）为例，我们结合各省招标量 对主要省份的加权平均IRR进行测算。 在当前储能系统集成价格0.5元/Wh，EPC价格0.8元/Wh的假设 下，全投资IRR加权平均为9.58%，资本金IRR加权平均1 ...

2025（第十届）起点锂电行业年会暨锂电金鼎奖颁奖典礼 倒计时14天 &起点研究十周年庆典 2025起点用户侧储能及电池技术论坛 活动主题： 新周期 新技术 新生态 活动时间： 2025年12月18-19日 活动地址： 深圳市维纳斯皇家酒店（深圳国际会展中心京基百纳店）三楼维纳斯厅（深圳市宝安区沙井 镇沙井路118号） 主办单位： 起点锂电、起点固态电池、起点储能、起点研究院SPIR 活动规模： 线下1200+，在线直播观看30000+ 第一批赞助及演讲单位： 海辰储能/融捷能源/瑞浦兰钧/逸飞激光/鹏辉能源/新能安/多氟多/保力新/远 东电池/国轩吉美泰/诺达智慧/创明新能源/德赛电池/陀普科技/蓝京新能源/北测新能源/亿鑫丰/达力智 能/金力股份/苏州莫洛奇/鑫晟达/先导智能/尚太科技/超业精密/科迈罗/东唐智能/贤辰智享/爱签/中天 和/和明机械/信瑞新能源/亿纬锂能/派能科技/移族/新日股份/弘正储能/亮见钠电/易事特 /清陶云能 / 小鲁锂电/仲恺高新区 /信宇人 等 储能需求爆发、价格继续上行，磷酸铁锂产能扩充明显提速。起点锂电注意到，近期又有4大项目传来新进展，预计将为磷酸铁锂赛道增加近 百万吨 ...

在这一系列强劲驱动下，锂电需求测算数据十分亮眼。报告预计，2026年全球电动车销量将达2485万辆，同比增长17%。而储能需求则更为强劲，2025 年全球储能电池出货量预计同比大增70%至551GWh，2026年增速仍维持在40%的高位。动力与储能双双发力，共同推动2026年全球动储总需求达到 2482GWh，同比增长26%，增长势头明确且可持续。 慧博投研近日发布研究报告，对储能之锂电材料行业进行了深度梳理。报告指出，在全球能源转型与AI算力爆发形成历史性共振的背景下，锂电池行业 正迎来一轮坚实的"反转周期"。 历经两年价格磨底与产能出清后，在中美欧政策的强力支撑下，六氟磷酸锂、磷酸铁锂等核心材料价格快速反弹，行业产能利用率大幅提升，龙头企业 已率先实现满产满销。展望2026年，全球锂电材料需求缺口预计将进一步扩大，具备技术壁垒、成本优势及海外产能先发优势的企业，有望在这一轮行 情中实现"量利齐升"。 驱动行业复苏的核心引擎，来自储能需求的超预期爆发，特别是AI数据中心（AIDC）正成为一股不可忽视的新势力。政策面上，中国现货市场改革与补 贴政策提升了储能的经济效益；美国延长储能税收抵免至2036年，引发了 ...

Core Viewpoint - The battery sector is experiencing fluctuations, with the Battery 50 ETF (159796) showing a net inflow of 1.144 billion yuan over the past four days, despite a recent decline of 1.69% after an early gain of over 2% [1][3]. Market Performance - The performance of the Battery 50 ETF's constituent stocks is mixed, with notable gains from companies like Sungrow Power (up 1.58%) and Greeenme (up 1.20%), while companies like CATL and Aoxin Wanda saw declines exceeding 2% [3][4]. - The lithium carbonate futures price surged by 4.22%, reaching 102,500 yuan per ton, driven by a significant increase in demand for energy storage solutions [5]. Industry Trends - The lithium battery industry is showing signs of recovery, with production of batteries and lithium iron phosphate cathode materials in China significantly exceeding last year's figures [6]. - The demand for lithium carbonate is projected to grow by 30% by 2026, with supply expected to increase by only 25,000 tons, indicating a potential imbalance and upward pressure on prices [5][6]. Technological Developments - Solid-state batteries are nearing mass production, with major global battery manufacturers set to begin production between 2027 and 2028, offering advantages such as higher energy density and improved safety [7][8]. Investment Opportunities - The Battery 50 ETF (159796) is highlighted as a strong investment vehicle due to its high exposure to the energy storage sector (26%) and solid-state battery technology (42%), positioning it well to benefit from upcoming market trends [8][10]. - The ETF's management fee is notably low at 0.15% per year, making it an attractive option for investors looking to capitalize on the battery sector's growth [12].

Core Viewpoint - The explosive growth of the energy storage market has significantly increased the demand for lithium battery materials, leading to a substantial rise in prices for lithium hexafluorophosphate, lithium iron phosphate, and lithium carbonate, making the lithium battery materials sector a standout performer in the A-share market [1][2]. Group 1: Market Demand and Supply - The demand for energy storage has surged, with China's lithium battery shipments reaching 430 GWh in the first three quarters of 2025, exceeding the total for 2024 by 30% [2]. - The third quarter of 2025 saw a shipment volume of 165 GWh, representing a year-on-year increase of 65% [2]. - Major battery manufacturers are operating at full capacity, with some orders extending into early next year, indicating a robust demand across the supply chain [2][3]. Group 2: Price Trends - As of November 17, the price of lithium carbonate futures and spot prices have both surpassed 90,000 yuan per ton, with an increase of over 20,000 yuan in the past month [2]. - The price of battery-grade lithium carbonate had previously dropped to 60,000 yuan per ton due to supply-demand mismatches, but is now recovering as inventory levels decrease rapidly [2][3]. Group 3: Inventory Levels - As of October 30, the total inventory of lithium carbonate in China fell to 130,366 tons, a decrease of 2,292 tons from September, marking the lowest level in nearly three years [3]. - The inventory days have reduced to 32 days, indicating strong terminal replenishment demand [3]. Group 4: Future Projections - Global lithium carbonate demand is projected to reach 1.55 million tons by 2025, with supply at 1.7 million tons, suggesting a tightening supply-demand balance [3]. - If demand growth exceeds 30% next year, prices could potentially rise to 150,000 yuan or even 200,000 yuan per ton [3]. Group 5: Market Sentiment - Most companies in the lithium battery supply chain are optimistic about the growth in energy storage demand and are not overly sensitive to rising material prices [4]. - Companies are currently conducting competitive sales to gauge customer tolerance for price increases, with no significant pushback reported [4]. Group 6: Long-term Outlook - The energy storage market is expected to maintain a high growth trajectory, with an estimated total shipment of 580 GWh for the year, reflecting a growth rate of over 75% [5]. - By 2030, the global cumulative energy storage capacity is anticipated to reach approximately 730 GW/1950 GWh, indicating continued strong growth in the sector [6]. Group 7: Strategic Developments - Leading energy storage companies are securing long-term supply agreements, such as the strategic partnership between Haibo Si Chuang and CATL, which ensures a minimum procurement of 200 GWh from 2026 to 2028 [7]. - Chinese energy storage companies are increasingly capturing international market opportunities, with overseas orders rising by 246% year-on-year in the first half of the year [7].

Group 1: Industry Overview - The lithium battery sector has shown strong fluctuations since October, driven by rising upstream raw material prices, unexpected demand for energy storage lithium batteries, and continuous growth in new energy vehicle sales [1] - Upstream raw material prices have increased significantly, with lithium hexafluorophosphate rising by 105% to 123,000 yuan/ton as of November 11, and other materials like electrolyte and lithium carbonate also seeing over 15% increases since early October [1] - The energy storage cell market is experiencing a "full production and full sales" situation, with a surge in demand for high-quality cells due to policy shifts from "mandatory storage" to "independent storage" [1] Group 2: Downstream Developments - In October, China's new energy vehicle sales reached 1.715 million units, marking a year-on-year increase of 19.93% and a month-on-month increase of 6.92%, with sales accounting for 51.63% of the total [2] - By October 2025, the installed capacity of power batteries in China is expected to reach 84.1 GWh, reflecting a year-on-year growth of 42.06% [2] Group 3: Investment Insights - Institutions suggest focusing on the trends in upstream raw material prices, monthly sales, domestic and international policies, and advancements in solid-state batteries [3] - The demand for iron-lithium batteries has exceeded expectations, leading to a potential price increase for VC (vinylene carbonate), an important additive in electrolytes, as the industry is currently operating at full capacity [3] - The growth in energy storage demand is expected to positively adjust the outlook for the phosphorus industry chain, with a recommendation to focus on companies with strong supply capabilities in the phosphate ore segment [3]

Core Viewpoint - The lithium battery industry is experiencing unprecedented development opportunities driven by a technological revolution and market demand resonance, particularly with breakthroughs in solid-state battery technology and explosive growth in the global energy storage market [1] Group 1: Industry Outlook - The lithium battery sector is expected to see a significant increase in capital expenditure (Capex) driven by solid-state battery technology breakthroughs by 2025, alongside continuous supply-side reforms and capacity consolidation from 2023 to 2025, leading to a potential reversal in supply-demand dynamics and price increases across multiple segments [2] - The lithium battery midstream is entering a "recovery-prosperity" phase in 2024-2025, with revenue and inventory trends indicating an upward trajectory since Q1 2024, suggesting a prosperous inventory cycle by Q3 2025 [2] - New technologies and applications are expected to create a second growth wave for lithium batteries, with solid-state batteries being a long-term strategic focus that will reshape processes and material systems, transitioning to pilot production lines by 2025 [2] Group 2: Market Dynamics - The industry is characterized by clear competitive advantages for leading products and cost structures, with top players likely to achieve full capacity utilization first, ensuring the most reliable performance and flexibility [3] - The supply chain for lithium hexafluorophosphate, energy storage batteries, and separators is expected to see price increases, indicating high-growth potential in these segments [3] Group 3: Production Tracking - Domestic battery sample enterprises are projected to produce 144.14 GWh in November, reflecting a 1.76% month-on-month increase [4] - Overseas battery sample enterprises are expected to maintain production at 24.4 GWh, showing no month-on-month change [5] - Production of cathodes is expected to reach 176,600 tons, up 7.35% month-on-month, while anodes are projected at 155,000 tons, down 1.89% month-on-month [6][7] - Separator production is anticipated at 1.89 billion square meters, up 3.56% month-on-month, and electrolyte production at 107,000 tons, up 8% month-on-month [8][9] Group 4: Investment Recommendations - Focus on the following key areas: 1) Pilot production lines for semi-solid and solid-state batteries, along with core equipment and material specifications [9] 2) New solid-state battery technologies such as lithium metal anodes and dry electrodes [9] 3) Price increase opportunities in segments like lithium hexafluorophosphate, energy storage batteries, separators, and anodes [9] 4) Explosive demand from data centers and core suppliers for energy storage, BBU, and UPS batteries [9] 5) Sodium-ion batteries gaining traction in energy storage and two-wheeler applications [9] Group 5: Lithium Market Dynamics - In the short term, the lithium market is experiencing high supply levels with strong demand from both the electric vehicle and energy storage sectors, leading to increased material demand and a low inventory situation [10] - Monthly demand for independent domestic energy storage and overseas AI storage is expected to remain above 120,000 tons, with a monthly inventory reduction of 8,000 to 10,000 tons, providing ongoing price support [10] - The demand growth forecast for energy storage in 2026 has been revised upward, indicating an improving supply-demand balance and a potential acceleration in inventory reduction [10]