每经AI快讯，12月25日，欣旺达(300207.SZ)公告称，公司子公司欣旺达动力与中伟股份签署《固态电 池战略合作框架协议》，双方将围绕固态电池用正极材料前驱体的开发、固态电池正极材料及固态电池 合作开发等领域开展全方位的战略合作，旨在建立深层次的战略合作关系共同开发固态电池应用系列的 新能源电池材料，推动固态电池应用系列新能源电池材料的产业化实施。该协议为战略性合作协议，不 涉及具体金额。 ...

近日，海博思创创始人、董事长、首席执行官张剑辉受邀做客央视《对话》节目，与多位 储能产业领军人物及行业专家一起，探讨中国锂电的进化路径，共话行业未来发展新图 景。 重塑商业逻辑，从价格内卷到价值深耕 "绿电加储能，或许是未来终极能源解决方式之一"，张剑辉指出，绿色低碳的发展，已成为社会 进步的标志。清洁能源替代化石能源成为不可逆转的行业发展方向，而风电、光伏等绿电作为清 洁能源的关键主体，其不稳定性与不连续性，成为制约其大规模应用的瓶颈。 在此背景下，储能 技术的重要性愈发凸显，其稳定功率输出、平滑电力波动的作用，让绿电能够更可靠地满足各类 用电需求，成为绿电并网过程中不可或缺的"稳定器"。 在全球能源转型的浪潮中，中国储能产业正处在转型升级的关键节点。当前，海外订单呈 现爆发式增长，中国企业凭借全产业链优势抢占全球市场。与此同时，被视为下一代电池 技术的固态电池也从实验室加速迈向产业化前端。中国锂电产业的主导地位能否延续？未 来增长的动力何在？ 中国企业开拓海外市场，不仅要具备极强的产品力，更要打通海外销售渠道、本地推广、属地化 运维、资产运营到电力交易的全链条闭环。当全价值链闭环成型，盈利将不再局限于设备 ...

恩力动力创始人、董事长戴翔博士表示："固态电池的产业化绝非单一技术点的突破，而是材料、工 艺、装备的全面协同。金银河在锂电前端装备领域的深厚积淀和创新能力，是我们非常看重的战略资 源。此次合作将极大强化我们从'创新技术'到'稳定产品'的转化能力，为行业早日用上更安全、性能更 优的电池产品按下加速键。" "恩力动力是全球固态电池技术研发的领跑者之一。携手恩力，不仅是金银河切入下一代电池技术核心 赛道的重要机遇，更是我们作为装备企业，以创新驱动支持国家新能源战略的切实行动。我们期待为恩 力提供最坚实的装备支撑，共同攻克固态电池的制造壁垒，引领产业升级。"金银河创始人、董事长张 启发先生说。 据了解，恩力动力的创始团队传承了全球锂电之父、诺贝尔化学奖得主古迪纳夫教授的锂电心法，与硫 化物超级离子导体发明人、东工大菅野教授长期合作，在硫化物固态电解质等核心材料上积淀深厚。金 银河的"黄金龙"干法电极装备，则成为突破固态电池规模化制造瓶颈的关键。恩力动力自主开发的高比 能软包电池，其矩阵覆盖3.5Ah至100Ah多种规格，能量密度高达270-600Wh/kg，可在-40℃至100℃的极 端环境下稳定运行。凭借超高能量密 ...

Investment Rating - The report maintains an "Overweight" rating for the lithium battery industry, indicating an expectation that the industry index will outperform the market index by more than 10% over the next six months [47]. Core Insights - The lithium battery market is experiencing high demand due to the year-end surge in sales and favorable tax policies, with November sales reaching new highs. The overall demand for lithium batteries remains strong, supported by robust energy storage needs. The industry is expected to see a slight increase in production in December, maintaining a positive outlook for the sector [42][40]. - The report highlights the ongoing development of solid-state batteries, which is anticipated to drive demand for materials and equipment upgrades within the industry. Key areas of focus include advancements in solid-state electrolytes and new materials for anode and cathode components [43][42]. Summary by Sections Market Review - As of December 18, 2025, the lithium battery index has decreased by 2.86% over the past two weeks, underperforming the CSI 300 index by 3.00 percentage points. Year-to-date, the lithium battery index has increased by 46.16%, outperforming the CSI 300 index by 30.46 percentage points [12][4]. Price Changes in the Lithium Battery Supply Chain - As of December 18, 2025, the average price of battery-grade lithium carbonate is 98,800 CNY/ton, reflecting a 4.99% increase over the past two weeks. The price of lithium hydroxide remains stable at 72,200 CNY/ton. Other materials such as lithium iron phosphate and various NCM materials have also seen price increases ranging from 0.60% to 1.37% [25][28][23]. Industry News - The report notes that the domestic electric vehicle market is entering a phase of high sales but low growth, with expectations for 2026 to see a slight increase in new car sales. The demand for new energy vehicles is projected to continue growing rapidly, with sales potentially reaching 20 million units [40]. - In November, the domestic power battery installation volume reached 93.5 GWh, marking a 39.2% year-on-year increase. The report emphasizes the strong performance of lithium iron phosphate batteries, which accounted for 80.5% of total installations [40]. Company Announcements - The report includes several significant company announcements, such as the acquisition plans by Enjie Co. and Rongbai Technology, which aim to enhance their production capabilities in the lithium battery supply chain [41]. Recommendations - The report suggests focusing on companies that are likely to benefit from the ongoing improvements in the supply-demand dynamics of the lithium battery industry, particularly those involved in solid-state battery technology and innovative material development [44].

被业内视为"固态电池第一股"的种子选手——北京卫蓝新能源科技股份有限公司(简称"卫蓝新能源")近 期启动上市辅导程序，拟登陆创业板，辅导机构为中信建投（601066）证券。资本市场的大门，正缓缓 向这家固态电池新贵打开。 这家公司背后，不仅站着小米、华为、蔚来等一众熟悉的科技与车企巨头，更关键的是其技术灵魂人物 是被誉为"中国锂电之父"的陈立泉，他也是宁德时代（300750）董事长曾毓群的博士生导师。 师生如今将在资本市场上同台竞技。导师带领的卫蓝新能源和学生带领的宁德时代，迎来资本市场对固 态电池概念的火热追逐。但固态电池的量产进度却对此泼了一盆冷水，一场关于技术路线与商业未来的 竞赛仍在继续。 拿下九轮融资，华为小米参投 185亿估值，过度乐观还是合理预期？ 尽管卫蓝新能源尚未公开详细的利润数据，但资本市场已用真金白银给出了自己的判断。2025年6月26 日胡润发布的全球独角兽榜里，它以185亿元估值排名第455位。 产业链上的合作与绑定也在加深。2025年1月，恩捷股份（002812）旗下的上海恩捷与卫蓝新能源签订 长期供货协议，约定2025年至2030年间，卫蓝向其采购不少于3亿平方米的隔膜及100吨 ...

Core Viewpoint - The article discusses the advancements and challenges in the solid-state battery industry, emphasizing the maturity of technology and the slow pace of vehicle integration due to economic factors and production challenges [4][6][8]. Group 1: Event Overview - The 2025 (10th) Lithium Battery Industry Annual Conference and the Lithium Golden Ding Award Ceremony were held on December 18, 2025, in Shenzhen, with over 800 attendees discussing key topics in lithium batteries, materials, and equipment [1]. - The event included a forum on user-side energy storage and battery technology, highlighting the importance of technological breakthroughs and safety challenges in the industry [1]. Group 2: Solid-State Battery Insights - The chief scientist of sodium batteries presented a report on the maturity of solid-state battery technology and its integration speed, indicating that the technology is ready for implementation [2]. - Solid-state batteries have undergone extensive research and development, with major manufacturers like Dongfeng and Changan already testing vehicles equipped with this technology [5]. - The article notes that while solid-state battery technology is mature, the speed of vehicle integration is influenced by economic considerations and the existing infrastructure for lithium iron phosphate and ternary batteries [6][7]. Group 3: Technical and Economic Challenges - The cost of solid-state batteries remains high due to the lack of large-scale production, which is necessary to drive down prices [7]. - The article highlights that achieving zero defects in production is crucial for solid-state batteries, but current production lines are still focused on achieving this for existing battery types [7]. - The integration of solid-state batteries into the market is expected to accelerate by 2030, but for now, lithium iron phosphate and ternary batteries will continue to dominate due to their established safety and cost advantages [6][8].

Group 1 - The core viewpoint of the report indicates that the demand for energy storage is surging, leading to accelerated battery production in the traditional lithium battery sector [1] - In the solid-state battery sector, the industrialization process is ongoing, with the solid-solid interface issue being a key challenge in new production technologies [1] - By 2025, various solutions to the solid-solid interface problem are expected to be proposed across the supply chain, including the introduction of iodine ions in electrolytes and advancements in isostatic equipment [1] Group 2 - The report anticipates that as production processes mature and costs continue to decrease, the mass production of solid-state batteries is likely to accelerate [1] - Solid-state batteries are currently transitioning from laboratory and pilot testing to key stages of pilot delivery [1] - Major manufacturers are undergoing inspections for solid-state technology, and if progress is favorable, a second wave of subsidies may be expected [1] Group 3 - The report projects that by the end of 2025 to early 2026, there may be tenders for pilot line equipment, with subsequent testing and adjustments leading to further acceleration in the industry [1] - The equipment segment is expected to benefit significantly from these developments, with the solid-state battery equipment market projected to reach 59.216 billion yuan by 2030 [1] - The compound annual growth rate (CAGR) for the period from 2024 to 2030 is estimated to be 103% [1]

太平洋证券指出，新能源汽车行业景气度持续向好，锂电产业链价格联动机制完善，下游需求旺盛带动 电池厂商涨价，如苏州德加能源宣布电池产品售价上调15%。海外市场拓展超预期，宁德时代匈牙利工 厂40GWh年产能已被客户全额预订，将于2026年初量产，形成欧洲业务"三足鼎立"布局。固态电池产 业化加速推进，卫蓝新能源启动IPO进程，其混合固液电池技术估值达185亿元；全球企业 QuantumScape完成QSE-5固态电池关键设备安装，能量密度达844Wh/L。此外，中上游材料环节定价权 增强，碳酸锂、三元材料等价格全线上涨，产业链盈利修复趋势显现。行业整体进入向上新周期，但需 关注技术突破与成本控制的平衡。 新能源车ETF（159806）涨超2.4%，行业景气度与价格联动引关注。 新能源车ETF（159806）跟踪的是CS新能车指数（399976），该指数从沪深市场中精选涉及新能源汽车 产业链上下游多个环节的优质上市公司证券作为指数样本，包括锂电池、电机电控、充电设施及整车制 造等领域，旨在全面反映新能源汽车行业的整体发展趋势与市场表现。该指数具有较高的行业集中度和 技术成长特性，能够有效捕捉新能源汽车产业的技术创 ...

Group 1 - The core viewpoint is that the new energy vehicle (NEV) industry chain is experiencing sustained improvement, with demand for lithium batteries driving price increases, as evidenced by Deja Energy raising product prices by 15% [1] - CATL's Hungarian factory, with an annual capacity of 40GWh, has been fully booked by customers and is set to begin production in early 2026, establishing a "tripod" business structure in Europe alongside its facilities in Germany and Spain [1] - The solid-state battery industry is accelerating, with Weilan New Energy initiating its IPO process and QuantumScape completing the installation of key equipment for its QSE-5 solid-state battery, which boasts a high energy density of 844Wh/L [1] Group 2 - Prices for upstream materials such as lithium carbonate and ternary materials are rising across the board, indicating a strengthening of pricing power in the midstream and upstream sectors [1] - Analysts believe a new upward cycle in the NEV industry has begun, but there is a need to monitor the balance between technological advancements and cost control [1] - The New Energy Vehicle ETF (159806) tracks the CS New Energy Vehicle Index (399976), which focuses on the NEV industry chain, including upstream materials, midstream components, and downstream vehicle manufacturing [1]

中国汽车动力电池产业创新联盟日前发布的数据显示，今年前11个月，我国动力和其他电池累计产量和 销量分别为1468.8GWh、1412.5GWh，同比分别增长51.1%、54.7%。亮眼的数据背后，折射出我国电池 产业规模强劲的增长势头。 ● 本报记者李嫒嫒 规模优势显著 今年前11个月，我国动力电池累计销量为1044.3GWh，占总销量73.9%，同比增长50.3%；其他电池累 计销量为368.2GWh，占总销量26.1%，同比增长68.9%。 "未来五年，材料创新将支撑动力电池朝着高比能和高性价比双向演进。"中国汽车工程学会理事长张进 华表示，预计到2030年，固液混合电池能量密度将突破450Wh/kg，全面满足车规级高性能需求，进入 规模化商业应用阶段。 同时，他认为随着船舶、重卡、低空经济等多元场景的电动化进程加快，动力电池应用边界不断拓展。 到2030年，动力电池市场将由以汽车领域主导，转向"交通+工业+特种+储能"多元化发展的新格局。 中国证券报记者注意到，宁德时代、国轩高科（002074）等电池企业纷纷加速布局电动船舶领域。宁德 时代表示，在电动船舶领域，搭载宁德时代电池的各类电船已近900艘，公 ...