Investment Rating - The report maintains a "Recommendation" rating for the electric vehicle industry, expecting the industry index to rise more than 5% over the next 3-6 months compared to the benchmark index [58]. Core Insights - Guoxuan Technology launched six new products, including the G Yuan solid-state battery and the Qicheng second-generation battery cell, showcasing advancements in battery technology and manufacturing equipment [10][11]. - The electric new energy sector saw a 1.43% increase this week, outperforming the CSI 300 index by 0.32 percentage points, ranking 8th among 30 industry sectors [11][12]. - The lithium battery supply chain is experiencing a recovery, with expectations for profitability to stabilize in the coming years, driven by growth in both European and domestic markets [3]. Summary by Sections Section 1: New Product Launches - Guoxuan Technology's six new products include: 1. G Yuan solid-state battery with over 1000 km range 2. Qicheng second-generation battery cell, the world's first LMFP supercharging cell 3. G Xing super heavy-duty truck standard box with 116 kWh capacity 4. Qianyuan intelligent storage 20MWh battery system 5. Axtrem digital solutions for industrial AI in lithium battery production 6. Jinshi all-solid-state battery with 100% domestic core equipment [10]. Section 2: Market Performance - The electric new energy sector's performance this week was highlighted by: - Lithium battery sector leading with a 3.85% increase - Solar energy sector up by 2.97% - Nuclear power sector up by 1.82% - The worst performers included comprehensive energy equipment down by 1.42% and storage down by 1% [11][12]. Section 3: Valuation Analysis - As of May 16, 2025, the electric new energy sector's valuation stands at 58x, ranking 6th among all sectors, while the CSI 300 index is at 13x. Specific segments like electric motors and storage have higher valuations at 313x and 206x respectively [22][24]. Section 4: Lithium Battery Supply Chain Tracking - Key price movements in the lithium battery supply chain include: - Battery-grade lithium carbonate down 2.7% to 64,900 CNY/ton - Iron lithium phosphate down 5.26% to 31,500 CNY/ton - Copper foil prices increased by 0.36% to 98,500 CNY/ton [29][31]. Section 5: Important Company Announcements - Notable announcements from companies include: - Longpan Technology completed the cancellation of stock options - Ningde Times announced participation in an investment fund focused on carbon neutrality [42]. Section 6: Industry Dynamics - The first quarter of 2025 saw global lithium iron phosphate battery installations reach 51.5% of total installations, with significant growth in sales of new energy vehicles [45].

Core Viewpoint - The article highlights the advancements and market positioning of JiaTuo Intelligent in the lithium battery equipment sector, emphasizing its technological innovations and international expansion efforts [4][11][18]. Group 1: Event Information - The 2025 High-Performance Sodium Battery Industry Summit is organized by GaoGong Sodium Battery and GaoGong Industry Research Institute, taking place on June 9 in Suzhou [2]. - The 2025 High-Performance Solid-State Battery Technology and Application Summit is organized by GaoGong Lithium Battery and GaoGong Energy Storage, scheduled for June 10 in Suzhou [3]. Group 2: Company Overview - JiaTuo Intelligent has over 20 years of development, with a workforce of approximately 3,900 employees and operations in multiple regions including Jiangsu, Jiangxi, Fujian, Guangdong, Sichuan, Hong Kong, and Frankfurt, Germany [4]. - The company has accumulated over 500 authorized patents and possesses deep expertise in automation, dry process, simulation, and intelligent oven parameter prediction [4][6]. Group 3: Product and Technology - JiaTuo Intelligent's product range includes high-speed, high-precision coating machines and other core lithium battery equipment, achieving stable mass production in critical processes such as liquid injection and stacking [6][9]. - The company has made significant breakthroughs in dry electrode technology, developing production solutions compatible with various materials including ternary and solid-state electrolytes [12][14]. Group 4: Market Expansion - JiaTuo Intelligent has established a strong presence in both domestic and international markets, securing orders from major players like CATL and BYD, and expanding its sales and service network across over 20 countries [11][18]. - The company aims to enhance the international influence of Chinese brands in the lithium battery equipment industry through its leading products and solid technical services [18].

Core Viewpoint - The article discusses the advancements and challenges in the dry electrode manufacturing process for batteries, highlighting the importance of technology upgrades and innovations in achieving sustainable and cost-effective production in the battery industry [3][4][10]. Group 1: Industry Events - The 2025 High-Performance Sodium Battery Industry Summit will be held on June 9, 2025, in Suzhou, organized by GGII and sponsored by Zhongna Energy [2]. - The 2025 High-Performance Solid-State Battery Summit will take place on June 10, 2025, also in Suzhou, organized by GGII and sponsored by Liyuanheng [2]. Group 2: Dry Electrode Technology - Dry electrode technology is gaining traction due to its simplified production process, lower energy consumption, and environmental friendliness, making it suitable for next-generation battery production [3]. - The dry electrode manufacturing process faces three main challenges: 1. Technical bottlenecks in material uniformity control [4]. 2. Stability issues in mass production requiring precise control of process parameters [5]. 3. Automation challenges where existing production lines struggle to balance efficiency and quality [6]. Group 3: Innovations by Shangshui Intelligent - Shangshui Intelligent has made significant breakthroughs in the dry electrode field, focusing on consistency in solid-solid mixing, material compatibility, and process optimization [7][8]. - At the upcoming CIBF 2025, Shangshui Intelligent will showcase innovative dry electrode manufacturing equipment and smart laboratory devices aimed at facilitating the transition from lab to factory [9]. Group 4: Equipment and Performance Improvements - The dry electrode manufacturing technology has achieved important breakthroughs, allowing for higher active material loading and a reduction in resistance by over 20%, while also increasing the packing density by over 10% [12]. - The technology employs a completely solvent-free process, enhancing environmental friendliness and mechanical strength, while reducing overall production costs by over 15% [13]. Group 5: Laboratory Equipment - Shangshui Intelligent has developed a range of compact laboratory equipment for process verification, suitable for research institutions and corporate labs [16][17]. - These devices are designed to evaluate process feasibility and product performance, providing reliable technical support for subsequent mass production [17]. Group 6: Technical Seminars - Shangshui Intelligent will host four in-depth technical seminars during the three-day exhibition to share the latest technological achievements and solutions, while also gathering customer feedback [19].

Core Viewpoint - The article emphasizes the acceleration of dry electrode equipment towards industrialization, highlighting its potential to overcome existing challenges in solid-state battery production [1]. Industry Overview - The dual drivers of global carbon neutrality goals and the explosive growth of the electric vehicle industry position solid-state batteries as the "ultimate solution" for next-generation power batteries due to their high energy density and safety [2]. - However, the commercialization of solid-state batteries is hindered by complex processes, high costs, and difficulties in mass production [3]. Technical Challenges - Current solid-state battery preparation processes primarily rely on wet slurry coating, which has significant drawbacks, particularly in the application of solid electrolytes [4]. - The traditional wet process involves substantial solvent use, leading to complicated production workflows and high energy consumption, while also posing safety risks due to poor compatibility with solid electrolyte materials [4]. Dry Electrode Technology - Dry electrode technology eliminates the need for solvents, utilizing physical mixing, fiberization, and calendering to produce electrode films, significantly reducing production steps and avoiding solvent residue safety issues [4]. - This technology is adaptable to various solid electrolyte materials, particularly polymers and sulfides, and could revolutionize the manufacturing logic of solid-state batteries if equipment and process bottlenecks are overcome [4]. Company Innovations - Guan Hong Intelligent has made breakthrough innovations in the field of dry electrode complete intelligent equipment, which includes a range of devices such as powder mixers, high-speed dispersers, kneaders, continuous granulators, and double-sided dry coating equipment [5]. - The materials produced using Guan Hong's dry electrode equipment exhibit a fiber diameter of less than 50nm, strong compatibility with various battery types, and a film thickness ranging from 15-150μm, with a strength of 1-4N and first pass yield exceeding 91% [5]. Process Innovations - The company has developed a special paddle design for its mixers that improves mixing efficiency by over 50% and ensures powder uniformity at an industry-leading level [6]. - Guan Hong's fiberization process includes a high-mixing machine for batch processing and a kneader for continuous processing, achieving fiber diameters smaller than 50nm and enhancing electrode strength significantly [8]. - The granulation and calendering processes utilize precision mold designs and AI algorithms for closed-loop control, improving film thickness and material flow [9]. Market Positioning - Guan Hong's equipment has been validated by clients, with mass production line delivery cycles reduced to under four months [10]. - The acquisition by Huaya Intelligent provides Guan Hong with substantial resources for product, technology, and market expansion, enabling rapid penetration into overseas markets [12][14]. - The strategic focus includes continuous innovation in intelligent logistics systems and optimization of dry electrode equipment for new application areas [14].

物料自动化系统供应商宏工科技（301662.SZ）迎来了上市后的首份年报。 2 0 2 4年年报显示，宏工科技实现营收2 0 . 9 0亿元，归母净利润为2 . 0 8亿元。公司经营活动产生 的现金流量净额为1 . 3亿元，同比增长4 0 7 . 1 6%。 公开信息显示，宏工科技聚焦于以粉料、粒料、液料及浆料处理为主的物料自动化处理产线 及设备的研发、生产和销售，是一家具有自主核心设备、配件和软件的物料自动化处理方案 解决商。 2 0 1 9年，宏工科技营收规模还仅为2亿元。2 0 2 0年开始，凭借此前在物流自动化处理设备领 域的技术积累，借着新能源汽车产业蓬勃发展的东风，公司相继进入宁德时代、比亚迪等头 部企业的供应商名单，实现了业绩的快速增长。其营业收入从2 0 1 9年2 . 2亿元猛增长至3 1 . 9 8 亿元，虽较2 0 2 4年有所下滑，但还是展现出较好的成长性。 "宁王"、比亚迪背后的重要核心供应商 宏工科技产品下游应用涵盖锂电池、精细化工和橡胶塑料等，公司来自锂电行业的收入超过 七成，是国内锂电行业物料自动化处理产线及设备的核心供应商之一，主要客户涵盖宁德时 代、比亚迪、中创新航、蜂巢能 ...

6月会议预告 2025高工钠电 产业峰会 主办单位： 高工钠电、高工产业研究院（GGII） 总冠名： 众钠能源 会议时间： 6月9日 会议地点： 苏州香格里拉大酒店（苏州虎丘区塔园路168号） 2025高工固态电池 技术与应用峰会 主办单位： 高工锂电、高工储能、高工产业研究院（GGII） 总冠名： 利元亨 会议时间： 6月10日 会议地点： 苏州香格里拉大酒店（苏州虎丘区塔园路168号） 设备环节， 物料自动化系统供应商宏工科技与深圳清研电子科技达成战略合作。 宏工科技服务于宁德时代、比亚迪等电池制造商，其专长在于前段工序的物料处理。清研电子脱胎于深圳清华大学研究院的储能实验室，其首条 0.1GWh 干法电极产线据称已于今年 4 月投产。 双方合资成立了清研宏工智能装备科技（深圳）有限公司，目标是推动干法电极前段技术的规模化应用。 据披露， 双方已在核心的 " 原料纤维化 " 设备研发上取得进展，其联合开发的混合均质一体机性能达到行业先进水平 ，并已完成适配不同产能的 量产设备开发。 此前， 清研电子已联手高精度辊压设备商纳科诺尔组建合资公司清研纳科，聚焦干法工艺的中后端，即辊压成膜。 清研电子及其伙伴着力 ...

特斯拉久违的硬件技术创新。 文丨 李梓楠 编辑丨程曼祺 特斯拉今年不会推出新车型开卖，但可能会有新电池。 我们独家获悉，特斯拉计划在年底前量产装车完全采用干法电极的 4680 电池，这将是 4680 电池的 "完全体" 版本。 2023 年，特斯拉已在 Cybertruck 上采用 4680 电池，但那是一个妥协版，未能实现目标——重新发明电池制造流程，使 用干法电极替代传统的湿法电极，从而省掉将电极弄湿再烘干的过程，加快生产速度、降低成本。目前特斯拉生产的 4680 电池只有成本较低的负极采用了干法电极，而成本更高的正极依然是从 LG 新能源和两家中国电池公司采购的传统 湿法正极。 现在，特斯拉离 4680 电池 "完全体" 只差临门一脚。我们了解到，干法正极的 4680 电池设计近期已经定型，这是大规模 量产的前一步，特斯拉电池部门接下来会全力提升生产良率和效率，扩大产能。 4680 电池是特斯拉提升下一代产品竞争力的核心，干法正极又是 4680 的核心。立项至今，特斯拉已在这个项目上耗时 5 年。 据了解，特斯拉 2022 年底就已在实验室中做出了干法正极极卷，但因技术判断失误迟迟无法量产。今年 4 月 ...