Core Insights - The new energy sector, including lithium batteries, photovoltaics, and wind power, is experiencing significant activity on the STAR Market, with the New Energy ETF (588960) rising by 3.92% and the Lithium Battery ETF (561160) increasing by 2.64% [1] - Major companies in the New Energy ETF, such as Daqo Energy and Trina Solar, have seen substantial gains, with Daqo Energy rising over 10% and Trina Solar increasing more than 6% [1] - The central government is intensifying efforts to regulate disorderly competition, focusing on improving product quality and facilitating the orderly exit of outdated production capacity [1] Industry Developments - A joint notice from the National Development and Reform Commission and other departments emphasizes the scientific planning and construction of high-power charging facilities, aiming for over 100,000 such facilities nationwide by the end of 2027 [1] - The focus will be on local economic development, the promotion of new energy vehicles, and the distribution of electric power resources, with an emphasis on "instant charge and go" scenarios [1] - Analysts indicate that semi-solid-state batteries are beginning to scale up, while solid-state batteries are expected to see small-scale deployment by 2027 and larger applications in energy storage post-2030 [1] ETF Information - The New Energy ETF (588960) closely tracks the STAR Market New Energy Index (000692.SH), with daily price fluctuations potentially reaching 20% [2] - The index comprises 50 large-cap stocks from the solar, wind, and new energy vehicle sectors, reflecting the overall performance of representative companies in the new energy industry on the STAR Market [2]

蔚蓝锂芯 20250703 摘要 公司低倍率容量型产品出货量显著增加，2025 年出货量较 2024 年实 现数倍增长，支撑了旧动能的增速，同时公司已成为全球第五家 PBO 供 应商，为未来业绩增长提供重要抓手。 下游客户广泛采用 BBU，尤其是在 GV300 和鲁冰架构中，单个 GPT300 的 PSU 功率约为 5.5 千瓦，Rubin 架构可能达到 8.5 千瓦或 10 千瓦，BBU 瓦数与 PSU 一一对应，推动了 BBU 和 PSU 功率的整体 上升。 英伟达欧姆龙机架约有 48 个 PSU，对应 48 个 BBU，约需 3,500 颗 1,860 电芯（2.5 容量），Rubin 架构或将设计边舱方案以堆积更多算 力及 PSUs 和 BBUs。 电芯定价略有回调，工具市场售价约为三倍。供应链中，CSP 掌握最终 决策权，但电芯厂、pack 厂、电源厂、服务器厂商等共同组成方案建议 权，各环节均需重视。 公司已推出三到四款 BBU 电芯产品，并正在进行验证，计划在未来两到 三年内抓住新一代 BBU 转换契机，扩大市场份额，同时已有两款产品覆 盖 5.5 千瓦领域，另有两款覆盖 8.8 千瓦以上领域。 ...

Core Viewpoint - The company is actively conducting technical research and development related to semi-solid lithium battery separators, having completed the formulation development and initial testing [1] Group 1 - The company has announced its progress in the development of semi-solid lithium battery separator technology [1] - The formulation development for the semi-solid lithium battery separator has been completed [1] - Initial machine testing for the developed separator has also been conducted [1]

Core Viewpoint - The lithium market is expected to experience a long bottoming period of 1-2 years before reaching balance, with a focus on leading companies that have significant cost advantages and can maintain or expand market share during this phase [1][4]. Group 1: Australian Lithium Market - In Q1 2025, Australian lithium production decreased by approximately 9% to 732,000 tons due to production cuts and slowed expansion in response to high costs and low prices [2]. - Greenbushes proactively reduced production by 13%, while PLS saw a 34% drop in output due to maintenance and project adjustments [2]. - Average FOB costs for sample mines fell by 10% to $418 per ton, while average selling prices increased by 4.75% to $833 per ton, slightly easing profit pressure on producers [2]. Group 2: South American Salt Lakes - South American salt lake companies demonstrated strong operational resilience, with SQM achieving its highest Q1 sales of 55,000 tons LCE, showcasing robust resource management [3]. - Lithium Argentina's C-O salt lake operations saw a 60% year-on-year increase in lithium carbonate production to 7,200 tons in Q1 2025 [3]. - South American salt lakes maintain considerable profitability and cash flow due to their significantly lower cost structure compared to hard rock lithium projects [3]. Group 3: Supply and Demand Dynamics - The supply elasticity is evident as major overseas lithium mines reduced production, while sales were hindered by lower ore grades, extreme weather affecting logistics, and weak end-user demand, resulting in net inventory reduction [3]. - The current oversupply situation has not fundamentally changed, and inventory digestion will require time [3]. - The overall inventory level is expected to begin depleting in the second half of the year, potentially providing stronger support for lithium prices as downstream demand is anticipated to seasonally recover in Q3 2025 [3].

Group 1 - Vivo X Fold5 has been launched, featuring the industry's first fourth-generation silicon anode technology with an energy density of up to 866Wh/L, representing a 13% increase at room temperature and a 20% increase in low-temperature environments compared to the previous generation [1] - The device also introduces the second-generation semi-solid-state battery technology, allowing normal operation at -30℃ [1] - Vivo collaborates with CATL to implement a dual-layer electrode architecture in the X Fold5, achieving a silicon content in the anode of 12%, approximately 2.5 times that of the previous generation [1] Group 2 - Zhongke Electric focuses on lithium battery anode business and magnetic equipment, with ongoing investments in silicon-based anodes, including silicon-carbon anodes for solid-state batteries, and has completed pilot production lines with products entering customer evaluation and platform development stages [2] - Xiangfenghua has developed production technologies for silicon-carbon and silicon-oxygen anode materials applicable to solid-state and semi-solid-state batteries, with products handed over to battery manufacturers for customer testing, planning small-scale production by 2025 [2]

6月25日，vivo发布新款大折叠屏手机vivo X Fold5，首发等效6000mAh蓝海电池。据悉，该电池使用了 第四代硅负极技术，能量密度至高达866Wh/L，能量密度对比上代常温下提升13%，低温环境下提升 20%。同时，行业首发第二代半固态电池技术，实现-30℃电池正常供电。（全天候科技） ...

Meeting Overview - The shareholder meeting of Guangdong Dongfeng New Materials Group Co., Ltd. is scheduled for June 27, 2025, with specific procedures and rules established to ensure order and efficiency [1][2][3]. Meeting Agenda - The agenda includes the reading of meeting notices, introduction of attendees, and discussion of key proposals such as the 2024 annual report, profit distribution plan, and board of directors' work report [3][4][5]. Financial Performance - For the fiscal year 2024, the company reported a net loss attributable to shareholders of approximately RMB 489.49 million, a significant decline of 425.16% year-on-year [5][6]. - The total revenue for 2024 was RMB 1.42 billion, reflecting a 45.87% decrease compared to the previous year [6][7]. Strategic Focus - The company is undergoing a strategic transformation, focusing on new materials and Class I medical packaging, while gradually divesting from unrelated investments [6][28]. - The company aims to enhance its core business capabilities and improve cash flow management during this transition [29]. New Materials Business - The new materials segment is a key focus, with ongoing investments in the development of materials for energy storage and high-barrier applications [16][18]. - The company has made significant advancements in battery separator technology and has established partnerships for the development of solid-state battery materials [12][11]. Medical Packaging Sector - The Class I medical packaging sector has been prioritized, with the company consolidating its subsidiaries to strengthen its market position [17][19]. - Investments are being made in new manufacturing facilities to increase production capacity for medical packaging products [19][18]. Research and Development - The company has initiated multiple R&D projects aimed at developing high-performance materials and enhancing production processes [22][27]. - Collaborations with universities and industry leaders are being pursued to foster innovation and improve product offerings [21][20]. Corporate Governance - The board of directors has held multiple meetings to review and approve various proposals, ensuring compliance with corporate governance standards [30][32]. - The company emphasizes transparency in its operations, with regular disclosures made to stakeholders [34].

文 | 中关村储能产业技术联盟 6月1 1 日，双登股份发布了 Power Warden3.0 — 6.25MWh半固态液冷储能系统 产品及 解决方案 ，标准 2 0 呎高柜，单舱 6 .25MW h ， 兼容组串、构网及长时储能场景 。 双登 5 87A h半固态电芯，通过创新原位聚合技术实现液态电解液向半固态电解质的革命性突破，极端条件下产热功 率更低， 大幅降低热失控风险， 同时具备较高的 高机械强度与稳定性 ，能有效抑制电极材料体积变化， 从根本上 减少膨胀力的产生 ，重塑电池安全机制 。电芯日历存储 2年， 额定 能量 零衰减 ，耐久性表现领跑行业。 极致防护 盾构安全 安全是储能系统的生命线， Power Warden3.0系统 构建了从电芯到系统的全方位安全防护设计。 PACK 安全层面，基于半固态电池特性和 IP67防护等级， 通过热失控预防、热失控阻燃蔓延和热失控兜底全方位提 升 PACK安全性。 强大内 "芯" 持久供能 Power Warden3.0 系统首次 搭载双登 5 87A h半固态电芯 ，重新定义储能行业安全与能量标准。该款电芯体积能 量密度达到 416Wh/L， 20年超长循 ...

全固态电池工艺与设备探讨专家会 20250610 摘要 工信部 60 亿专项基金推动全固态电池研发，宁德时代获近半资金，标 志着其对固态电池态度转变，组建千人团队研发硫化物样品电芯，但项 目重在学术探索，验收标准为实验结果，非产品交付。 全固态电池技术仍处实验室阶段，各企业探索不同材料组合及应用，如 无隔膜电池，主要研究集中在硫化物路线，因其较高离子导电性，但氧 化物路线也具潜力，如更高热稳定性，未来发展或受关注。 固液混合路线面临电导率低和接触界面差等问题，氧化物适用于半固态 方案，而硫化物电导率更高，但成本高且存在安全隐患，如生成有毒气 体硫化氢，部分企业因此放弃硫化物路线。 上汽智己 L6 采用半固态方案，续航达 1,000 公里，但倍率和针刺测试 未完全达标，因仍含电解液。氧化物全固态技术受限于低电导率和接触 界面问题，全固态技术更具挑战性，大厂倾向硫化物路线。 半固态硫化物成本接近宁德时代 811，但 BOM 成本更高约 7%，每瓦 时约 1 元。能量密度提升有限，倍率性能低于宁德时代产品，循环寿命 较差，限制了其在动力及储能领域的大规模应用。 Q&A 工信部在 2024 年 5 月启动的 60 亿 ...

Core Viewpoint - The article highlights the advancements in solid-state battery technology, particularly by Weilan New Energy, which aims to address range anxiety and safety concerns in electric vehicles through innovative battery solutions [1][2][3]. Group 1: Company Overview - Weilan New Energy was founded in 2016 by Yu Huigen, Li Hong, and Chen Liquan, focusing on solid-state battery technology [2][3]. - The company has developed a semi-solid battery with an energy density of 360 Wh/kg, which was delivered to NIO in 2023, marking a significant achievement in the industry [4][5]. Group 2: Technology Development - The solid-state battery technology aims to replace liquid electrolytes with solid electrolytes, potentially achieving energy densities exceeding 500 Wh/kg while enhancing safety [2][3]. - The "in-situ solidification" concept proposed by Li Hong allows for better integration of solid electrolytes with electrodes, addressing previous challenges in solid-state battery development [2][3]. Group 3: Market Position and Strategy - Weilan New Energy is positioning itself in the competitive landscape of solid-state batteries, with plans to transition from semi-solid to fully solid-state batteries by 2027, targeting an energy density of 400 Wh/kg [5][6]. - The company is diversifying its market applications, including industrial drones and energy storage, to mitigate risks and enhance revenue streams [6][7]. Group 4: Future Outlook - The company anticipates that full-scale commercialization of solid-state batteries may not occur until 2030, indicating a gradual transition rather than an immediate replacement of liquid batteries [6]. - Weilan New Energy is actively investing in building a robust supply chain, having engaged with 27 companies in materials and components to maintain its competitive edge [6][7].