宁德时代AH股齐创历史新高，总市值超越茅台，升至A股第五位。 宁德时代A股涨4.98%，H股涨5.34%，均创历史新高，总市值突破1.8195万亿元，超越贵州茅台的 1.8046万亿元，升至A股第五位。 这是继寒武纪股价超越茅台后，第二家科技公司市值超越茅台，这或许标志着资本市场一个时代的结 束，另一个新时代的开始。 ETF方面，创业板新能源ETF鹏华涨超4%；创业板新能源ETF华夏、新能源ETF易方达、新能源ETF基 金、碳中和ETF南方、碳中和ETF、碳中和ETF基金、绿色能源ETF、创业板新能源ETF国泰、电池龙头 ETF、碳中和ETF基金、新能源主题ETF、电池30ETF、低碳ETF易方达、新能源龙头ETF、储能电池 ETF、新能源车电池ETF、储能电池ETF广发、锂电池ETF、智能汽车ETF易方达、新能源ETF、新能源 50ETF、电池ETF涨超2%。 需求端：2024-2030年全球动力电池CAGR约25%，储能电池CAGR约29%。全球动力+储能电池的需求 量从2020年的209Gwh提升至2024年的1270Gwh，并预计在2030年达到5154Gwh，2024-2030年的复合年 增长率为2 ...

Group 1: CINE Solid-State Battery Exhibition Overview - The CINE Solid-State Battery Exhibition is the first professional exhibition focusing on the entire industry chain of new battery technologies, scheduled for November 6-8, 2025, in Guangzhou, with over 200 exhibitors and 20,000 professional attendees [2] - The exhibition will feature a new battery technology forum with nine specialized sessions and the Solid-State Battery Golden Ding Award ceremony [2] Group 2: Company Profile - Shenzhen Boyue New Materials Technology Co., Ltd. - Shenzhen Boyue New Materials is an innovative technology company focused on accelerating the transition from liquid lithium batteries to solid-state lithium batteries, leveraging research capabilities from Central South University [7][10] - The company has established a pilot production line in Foshan, Guangdong, with a capacity of hundreds of tons, and has been operational for three years, entering the supply chain of major battery manufacturers [7][12] - Boyue has received significant investments from well-known institutions, planning to build a thousand-ton production line in 2025 in Hunan and Guangzhou [7][13] Group 3: Product Development and Technology - Boyue's main products include lithium oxide as a lithium source for cathode lithium supplementation, which has achieved a purity of 99.5% and aims to build the world's first fully automated lithium oxide production line [10][11] - The company is also developing oxide electrolytes, particularly lithium aluminum titanium phosphate (LATP), with high ionic conductivity and low impurity content [11] - For sulfide electrolytes, Boyue focuses on lithium phosphorus sulfur chloride (LPSC), aiming to reduce production costs to below 300,000 yuan per ton while achieving a purity of 99.9% [11] Group 4: Market Trends and Future Outlook - The industry is currently exploring both semi-solid and all-solid-state battery technologies, with semi-solid batteries being more cost-effective and feasible in terms of safety and energy density [12] - Boyue is ramping up production capacity to meet market demand, with plans for significant output increases in 2025 [12][13] - The market demand for Boyue's products is expected to reach several thousand tons, with ongoing collaborations with battery and automotive companies [13]

招商证券指出，固态电池产业化渐行渐近，带来设备价值量重构。在政策、需求、技术三重驱动 下，全固态电池发展趋势明确，产业面临从材料体系、制备工艺到生产设备的全面重构。预计2030年全 球半固态电池设备市场规模达624.4亿元（2024-2030年CAGR为59%），全固态电池设备市场规模达 455.0亿元（CAGR为159%）。工艺变革驱动设备价值量显著提升：前道环节新增干法电极，中道采用 叠片+极片胶框印刷+等静压方案，后道升级为高压化成分容。 机械ETF（516960）跟踪的是细分机械指数（000812），该指数聚焦于机械设备行业，从市场中选 取涉及专用设备、通用机械等细分领域的上市公司证券作为指数样本，成分股主要为在各自领域内具有 技术优势和市场竞争力的企业，以反映机械设备行业相关上市公司证券的整体表现和发展趋势。风格上 偏向成长型配置。 没有股票账户的投资者可关注国泰中证细分机械设备产业主题ETF联接A（012516），国泰中证细 分机械设备产业主题ETF联接C（012517）。 每日经济新闻 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立 ...

（一）重要市场新闻 1、美股三大指数集体收跌，道指跌0.19%，纳指跌0.95%，标普500指数跌0.55%，大型科技股普遍下 跌，甲骨文跌超4%，亚马逊跌超3%，英伟达跌超2%，微软跌超1%；加密货币概念股跌幅居前，Circle 跌超4%，Coinbase跌超3%。纳斯达克中国金龙指数跌2.22%，中概股普跌，百度跌超8%，知乎跌超 5%，哔哩哔哩跌超4%，好未来、新东方跌超3%，京东跌近3%。 2、国际贵金属期货普遍收涨，COMEX黄金期货涨0.58%，报3796.9美元/盎司；COMEX白银期货涨 0.12%，报44.265美元/盎司。国际油价强势上扬，美油主力合约收涨2.2%，报63.65美元/桶；布伦特原 油主力合约涨1.85%，报67.19美元/桶。欧洲三大股指收盘涨跌不一，德国DAX指数涨0.36%报23611.33 点，法国CAC40指数涨0.54%报7872.02点，英国富时100指数跌0.04%报9223.32点。 （二）行业掘金 1、9月23日至24日，第七届高比能固态电池关键材料技术大会在苏州举行。本次大会聚焦固态电解质、 正负极材料、智能制造及产业化进展等热点议题，深入探讨高比能固态 ...

1、9月23日至24日，第七届高比能固态电池关键材料技术大会在苏州举行。本次大会聚焦固态电解质、 正负极材料、智能制造及产业化进展等热点议题，深入探讨高比能固态电池的未来发展趋势及挑战。为 致力于固态电池技术开发的企业、科研院校，以及新能源汽车、储能、消费电子等终端企业提供信息交 流的平台，开展产、学、研合作，助推固态电池产业化发展。固态电池产业化进展持续加速，目前我国 固态电池发展形成"车企+电池厂"协同的特点，材料端从电池到正负极、固态电解质、集流体等主材， 以及粘结剂、添加剂等辅材，均在加速研发与改进。 点评：新型电池产业正迎来爆发式增长，预计2025-2030年市场规模从4800亿美元增至7800亿美元，年 均复合增长率约11%。而固态电池是新一代革命技术，在安全性、能量密度和寿命方面显著优于液态电 池。目前半固态电池已经步入产业化期，处于进一步商业化关键节点。全固态电池尚处于研发阶段，有 望逐步实现量产。随着一系列国家支持政策和行业规范的出台，固态电池有望快速发展。根据国内外汽 车厂商与电池厂商的技术进展和规划，固态电池2027年有望实现量产。概念股包括鹏辉能源、盟固利、 亿纬锂能等。 2、9月22 ...

一直以来，广发证券主动担起金融机构的主体责任，发挥业务优势，打造丰富的投教载体，贯彻资本市 场人民性立场，树牢金融为民的理念，引领投资者教育工作走在行业前列。随着一系列新政策的出台， 我国资本市场进入新发展阶段，广发证券特在《中国证券报》开设"投研财富+"投教专栏，聚焦新质生 产力方向和市场热点，向广大投资者普及专业投研框架、分享专业机构观点，帮助投资者掌握投资分析 方法，更加有效维护投资者特别是中小投资者合法权益，持续提升投资者的获得感，聚力推动我国资本 市场实现高质量发展。 在产业和技术共振下，固态电池产业化持续加速，建议可以关注产业链中的变化/增量环节，包括硫化 物电解质及硫化锂、锂金属负极、设备端等环节。同时，也提醒投资者注意固态电池产业化在技术和成 本层面仍面临一定制约，技术层面主要是离子输运机制尚未清晰，存在固固界面接触问题，成本层面主 要是原材料成本高，设备改动增加成本。 但需要提醒的是，固态电池可能面临新技术进展不及预期、新能源汽车销量不及预期、中游价格下跌超 预期等风险情况。 固态电池的应用场景广阔，有望进入快速成长通道。主要应用场景包括消费电子、新能源汽车、低空经 济、机器人等，短期增长有 ...

Industry Overview - The 7th High Energy Density Solid-State Battery Key Materials Technology Conference was held in Suzhou on September 23-24, focusing on solid electrolytes, anode and cathode materials, interface engineering, smart manufacturing, and industrialization progress [1] - The conference aimed to provide a platform for information exchange among companies, research institutions, and end-users in sectors such as new energy vehicles, energy storage, and consumer electronics, promoting collaboration in production, learning, and research [1] Market Trends - According to Guotai Junan, the industrialization of solid-state batteries is expected to accelerate from 2025 onwards, with a collaborative model emerging between automakers and battery manufacturers in China [1] - The development of materials, including main materials like solid electrolytes, anode and cathode materials, and auxiliary materials such as binders and additives, is rapidly advancing [1] - Multiple automakers and battery manufacturers have announced plans for mass production of solid-state batteries, with 2027 projected to be a pivotal year for the industry [1] Company Developments - Tianqi Materials is currently in the pilot testing stage for its sulfide-based solid electrolyte [1] - Funeng Technology has completed sample delivery of sulfide all-solid-state batteries to a leading humanoid robot client [1]

Group 1 - The National Energy Administration, Ministry of Industry and Information Technology, State-owned Assets Supervision and Administration Commission, and State Administration for Market Regulation jointly released guidelines to promote high-quality development of energy equipment, focusing on establishing a reliable battery energy storage system and developing long-life, wide-temperature, low-degradation lithium, sodium, and solid-state batteries [1] - The solid-state battery industry is expected to accelerate its commercialization process, with increasing interest from the capital market, as evidenced by inquiries from multiple listed companies regarding their involvement in solid-state battery applications [1] - According to East Wu Securities, global solid-state battery shipments are projected to reach 614 GWh by 2030, with China's market size expected to grow to 20 billion yuan [2] Group 2 - The solid-state battery technology landscape is diverse, with various electrolyte types including polymer, oxide, sulfide, and halide, with sulfide electrolytes currently being favored by major manufacturers despite challenges such as the production of flammable hydrogen sulfide gas [3] - To achieve large-scale commercialization of solid-state batteries, the industry needs to overcome several technical challenges and improve cost-effectiveness through increased investment in fundamental research and the establishment of standardized production processes [3] - AI technology is playing a crucial role in accelerating material discovery and optimizing battery design, which can shorten R&D cycles and enhance energy density and safety [3] Group 3 - Several listed companies are actively promoting the development of the solid-state battery industry, with Beijing Dangsheng Materials Technology Co., Ltd. successfully developing high ionic conductivity sulfide electrolytes and achieving stable production capabilities [4] - Guangzhou Penghui Energy Technology Co., Ltd. announced improvements in solid-state battery energy density from 280 Wh/kg to 320 Wh/kg, indicating ongoing optimization efforts [5] - Companies like Ningde Times New Energy Technology Co., Ltd. and Ganfeng Lithium Co., Ltd. are also advancing their solid-state battery initiatives, with 2027 identified as a critical time point for industry validation [5]

Core Insights - The solid-state battery industry is entering a "sprint phase" towards commercialization, with significant advancements in sodium-based solid-state batteries [1][2] - A new sodium-based solid-state battery developed by the University of Chicago and Singapore's Agency for Science, Technology and Research can operate stably in sub-zero temperatures, enhancing its competitiveness [1] - The global solid-state battery shipment is expected to reach 614.1 GWh by 2030, with a market size projected to exceed 100 billion yuan [2] Industry Developments - The solid-state battery industry is experiencing accelerated progress driven by both policy and technology, with a key conference scheduled for September 2025 to discuss future trends and challenges [2] - The demand for solid-state battery materials is expected to grow significantly, with investments in equipment projected to reach hundreds of billions [2] - Several A-share listed companies are making strides in solid-state battery technology, with Li Yuan Heng successfully developing manufacturing processes for solid-state battery equipment [2][3] Market Activity - Recent data shows that financing clients have significantly increased their positions in 26 solid-state battery concept stocks, with notable net purchases exceeding 1 billion yuan [4] - Leading companies in this sector include Xian Dao Intelligent, CATL, and others, with some stocks projected to have a net profit growth rate exceeding 20% in the coming years [4][5] - As of September 22, 2023, several stocks in this sector have rolling price-to-earnings ratios below 40, indicating potential investment opportunities [4][5]

Group 1: Lithium Battery Industry Conference - The "2025 Suining International Lithium Battery Industry Conference" was held in Suining, Sichuan, focusing on high-quality development of the lithium battery industry and innovations in next-generation battery technologies such as solid-state and sodium batteries [1][3] - The conference gathered various stakeholders including government, industry, academia, research, finance, and services to discuss topics like technology routes, policy support, market mechanisms, and industry chain collaboration [1] Group 2: Current Trends and Innovations - The lithium battery industry is transitioning from rapid growth to high-quality development, with ongoing upgrades in existing lithium battery technologies and emerging technologies like solid-state and sodium batteries [3] - A report on the global lithium battery industry’s intellectual property status and development trends was released, along with a development white paper for the global lithium battery industry chain map for 2025 [3] Group 3: China's Dominance in the Battery Market - China continues to lead the global battery new energy industry, with electric vehicle production and sales ranking first in the world for ten consecutive years, and holding a 70% share of global power battery installations [6] - The lithium battery industry chain in China has developed a "regional agglomeration, multi-point blossoming" pattern, with key cities like Suining showing strong development momentum across various industry chain segments [9][10] Group 4: Solid-State Battery Development - Solid-state batteries are seen as a focal point for global research, with significant challenges remaining in commercialization, including material, process, and interface issues [11][15] - The Chinese government has outlined a clear roadmap for solid-state battery commercialization, aiming for demonstration applications by 2026 and achieving energy density targets by 2030 [14][19] Group 5: Sodium-Ion Battery Opportunities - The sodium-ion battery industry is entering a significant development window, supported by policy guidance, technological breakthroughs, and market demand for low-cost energy storage solutions [26] - In 2023, China's sodium-ion battery shipments were 0.7 GWh, projected to grow to 3.7 GWh in 2024, marking a 428% year-on-year increase [27] Group 6: Future Projections and Challenges - By 2030, global sodium-ion battery shipments are expected to exceed 1000 GWh, with a market value of 300 billion yuan, covering various applications including energy storage systems and electric vehicles [28] - The development of sodium-ion batteries faces challenges, particularly in achieving cost reductions to enhance market application and industry growth [28]