据Choice数据，广期所碳酸锂主力合约今日早盘继续上行，截至发稿报99060元/吨。在上周五大幅回调 后，已经连续两日上涨。 期货市场的表现，源于市场各参与方对后市的乐观预期。赣锋锂业董事长李良彬日前预测，若明年碳酸 锂需求增速超过30%甚至40%，供应短期内难以匹配，价格可能突破15万元/吨，甚至触及20万元/吨。 "下半年价格反弹是库存去化、需求增长与供给收紧共同作用的结果。"江西一家碳酸锂企业负责人认 为，当前碳酸锂市场正处于供需结构调整期，紧平衡或成为未来一段时间的主旋律，但仍需关注储能需 求波动、矿企复产及海外供应等对价格的影响。 价格V形反弹 多因素推动上涨 今年以来，碳酸锂价格呈现出较为明显的"V"形走势。从年初高点时的7.7万元/吨左右，一路下滑直至 年中跌破6万元/吨的低点，跌幅超20%。随后又经历了一波修复性的上涨，直到近期回到每吨10万元附 近。 业界普遍将8月份宁德时代宜春锂矿停产视为反弹开启的重要节点。 回溯来看，8月11日早间，宁德时代称公司在宜春项目采矿许可证8月9日到期后已暂停开采作业。受此 影响，碳酸锂期货所有合约当天开盘全线涨停，其中主力合约涨幅为8%，收报81000元/ ...

11月24日晚，龙蟠科技公告，公司对楚能新能源股份有限公司（以下简称"楚能新能源"）的总销售金额，预计从 此前超50亿元调整为超450亿元。 长江商报消息 ●长江商报记者 沈右荣 龙蟠科技（603906.SH）签下锂电大单。 5月9日，龙蟠科技方面与楚能新能源方面签署15万吨磷酸铁锂正极材料销售协议，协议有效期自2025年4月30日起 至2030年4月30日止。如今，双方签署了补充协议，合同有效期延长至2030年底，标的产品磷酸铁锂正极材料销售 量增加至130万吨。 二级市场上，11月25日，或受450亿元超级订单影响，龙蟠科技股价一字涨停。 长江商报记者注意到，龙蟠科技已经签下多项大单。9月，龙蟠科技与宁德时代签署了15.75万吨的磷酸铁锂正极 材料供应协议，预计总销售金额超过60亿元。此外，公司还曾与LG新能源签署百亿级磷酸铁锂正极材料销售协 议。 公开信息显示，截至目前，龙蟠科技磷酸铁锂正极材料总产能约为32万吨。 需求强劲，为了应对下游头部客户需求，龙蟠科技加速扩产。8月，龙蟠科技曾披露定增预案，拟募资不超过20亿 元用于扩产。市场需求强劲，龙蟠科技有望借此扭亏为盈。 龙蟠科技签450亿超级大单 龙蟠 ...

Financial Data and Key Metrics Changes - In Q4 2025, Fluence Energy signed over $1.4 billion in orders, setting a record and bringing the backlog to $5.3 billion, indicating strong growth potential for 2026 and beyond [5] - Full year revenue for 2025 was approximately $2.3 billion, about $300 million below expectations due to manufacturing delays [6][18] - The company achieved a record adjusted gross margin of approximately 13.7% for the year and $19.5 million in adjusted EBITDA, at the top end of guidance [6][19] - Annual recurring revenue (ARR) ended at $148 million, slightly above the original guidance of $145 million [7] - Liquidity at the end of the quarter was approximately $1.3 billion, providing a strong financial position for growth [8][20] Business Line Data and Key Metrics Changes - The record order intake of $1.4 billion included contributions from all core markets, with approximately half from projects in Australia [8] - The U.S. market is expected to be the largest contributor to order intake in fiscal 2026, reflecting a strong pipeline [8] Market Data and Key Metrics Changes - There has been a significant increase in larger deals, with 38 projects of at least 1 gigawatt hour in the pipeline, more than double from the previous year [9] - A landmark 4 gigawatt hour project with LEED was announced, marking the largest battery project in European history [9] - Demand from data center customers has surged, with discussions on projects representing over 30 gigawatt hours, 80% of which originated since the end of the quarter [10] Company Strategy and Development Direction - Fluence is focusing on enhancing its sales and project execution capabilities, with new leadership appointments to drive growth [11] - The SmartStack product is positioned as a key differentiator in the market, designed to reduce total cost of ownership and improve operational metrics [12][13] - The company is committed to strengthening its domestic supply chain, with production facilities in Tennessee, Utah, and Arizona [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting delivery commitments and capturing revenue shortfalls in fiscal 2026 due to improved production rates [15][20] - The company anticipates revenue growth of 50% in fiscal 2026, with guidance set between $3.2 billion and $3.6 billion [21] - Adjusted gross margin is expected to be between 11% and 13%, reflecting higher costs associated with new product rollouts [21] Other Important Information - Fluence has made significant progress towards compliance with the One Big Beautiful Bill (OBBBA) regulations, securing a second supplier for domestic battery cells [16][17] - The company is actively working to resolve PFE compliance issues with its Tennessee facility [17][49] Q&A Session Summary Question: Changes in competitive environment - Management noted that while international competition remains strong, there is a shift in the U.S. market towards customers preferring U.S. or non-PFE manufacturers [25] Question: Future margin guidance - Management confirmed that the goal is to improve margins over time, maintaining a trajectory of growth [26] Question: Data center market sizing - The total addressable market (TAM) for data centers is now believed to be significantly higher than the previously estimated $8 billion, with ongoing discussions indicating a rapidly expanding market [28][29] Question: Q4 underperformance explanation - Management acknowledged disappointment in Q4 performance due to staffing challenges at the Arizona facility but reported significant improvements in production rates [39][40] Question: Incremental capacity from new cell supplier - The new supplier is expected to provide sufficient capacity to meet projected loads for the next couple of years without material deposit commitments [42] Question: Data center project sizes and geographic distribution - Most data center projects are currently U.S.-heavy, with a mix of sizes in line with existing backlog [53]

倒计时23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）二楼维纳斯厅（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 2025 是令龙蟠科技难忘的一年，因为长单接连不断。 活动规模： 线下2000+，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/鹏程无限/赣锋锂电/多氟 多/保力新/远东电池/国轩吉美泰/诺达智慧/创明新能源/孚能科技/德赛电池/陀普科技/中比新能源/北 测新能源/亿鑫丰/苏州莫洛奇/鑫晟达/先导智能/恩捷股份/尚太科技/超业精密/科迈罗/东唐智能/贤辰 智享/爱签/中天和/和明机械等 起点锂电获悉， 11 月 24 日龙蟠科技 再发重磅 公告，子公司常州锂源 、 孙公司南京锂源与楚能新能源子公司武汉楚能、孝感楚能 、 宜 昌楚能 再续前缘， 共签《 〈 生产材料采购合作协议 ...

2025-11-24，碳酸锂主力合约2601开于91820元/吨，收于90480元/吨，当日收盘价较昨日结算价变化-2.88%。当日 成交量为454612手，持仓量为365078手，前一交易日持仓量411327手，根据SMM现货报价，目前基差为1690元/ 吨（电碳均价-期货）。当日碳酸锂仓单26510手，较上个交易日变化-338手。 新能源及有色金属日报 | 2025-11-25 市场情绪降温，碳酸锂继续减仓 市场分析 碳酸锂现货：根据SMM数据，电池级碳酸锂报价89800-94500元/吨，较前一交易日变化-150元/吨，工业级碳酸锂 报价88300-91200元/吨，较前一交易日变化-150元/吨。6%锂精矿价格1130美元/吨，较前一日变化-40美元/吨。据 SMM数据，碳酸锂期货价格区间震荡，主力合约目前处于9万至9.29万元/吨的区间。在此背景下，下游材料厂采 购意愿有所提升，逐步开启补库节奏，带动市场成交氛围趋于活跃。目前，上下游企业正在就明年的长期协议进 行谈判，现阶段主要围绕系数展开博弈。供应端来看，锂盐厂整体开工率保持高位运行，其中锂辉石端与盐湖端 为供应主力。预计11月国内碳酸锂产量可以 ...

证券代码：301358 证券简称：湖南裕能 | 回复：随着公司产销规模稳步提升，公司不断推动客户结构和 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 产品结构优化。在客户结构方面，公司逐步构建更加多元化的客户 | | | | | | | | 矩阵，与国内主流动力及储能电池企业保持了良好的合作关系，为 | | | | | | | | 公司业务发展提供了有力保障。在产品结构方面，公司敏锐洞察下 | | | | | | | | 游需求差异化的市场趋势，持续推动产品迭代升级。公司 | 系 | CN-5 | | | | | | 列、YN-9 | 系列和更高端系列等产品获得客户高度认可，出货占比显 | | | | | | | 著提升，产品结构持续优化。与此同时，公司积极把握储能市场机 | | | | | | | | 遇，应用在储能端的产品占比也有所提升。 | | | | | | | | 4、请问公司定增开展的怎么样？ | | | | | | | | 回复：公司正在积极推进向特定对象发行股票相关事宜，目前 | | | | | | | | 处于深交所问 ...

日前，特斯拉、宁德时代相继签下储能项目合作，涉及订单共计3GWh。 行家说储能 ▋ 特斯拉：获600MWh储能订单 日前，特斯拉再次斩获一大型储能项目订单。 据TagEnergy 披露，公司与特斯拉签订168套 Megapack XL 2.0电池储能系统合同，用于150MW/600MWh的电池储能系统（BESS）。该项目将位于其 维多利亚州的 1333MW金原风电场旁。仅此Megapack订单价值金额约1.7 亿美元（约合12.06亿元人民币）。 据了解，今年8月，特斯拉与佐治亚电力公司签署了一项价值27亿美元的 Megapacks协议。另外，埃隆·马斯克旗下的人工智能初创公司xAI，正在孟菲斯部 署价值3.75亿美元的 Megapack系统，用于其即将建成的巨型超级计算机集群。 另悉，特斯拉第三季度 部署了 12.5GWh储能，同比增长81% ， 2025年以来特斯拉储能累计出货量达32.5GWh。 ☆ 点击 星标 ， 第一时间掌握前沿趋势 ▋ 宁德时代：拿下2.4GWh储能项目合作 据 Sun Village消息，宁德时代与丸红株式会社的合并子公司丸红电力零售、 Sun Village签署谅解备忘录（Mo ...

湖南裕能新能源电池材料股份有限公司 证券代码：301358 证券简称：湖南裕能 投资者关系活动记录表 | | 力市场化改革及容量电价补偿等政策支持，AI 数据中心等新兴应用 | | --- | --- | | | 场景对配储需求增强，叠加海外储能需求快速提升等，多重积极因 | | | 素共同推动储能市场进入高速发展通道。磷酸盐正极材料作为锂电 | | | 产业链的关键环节，有望在动力及储能电池需求的驱动下延续强劲 | | | 增长态势。 | | | 4、请问公司在上游资源端的布局进展有哪些？ | | | 回复：向上游布局磷矿资源是公司完善一体化布局的重要环节， | | | 公司自取得磷矿采矿许可证以来，有序推进矿山建设，目前整体进 | | | 展较为顺利，黄家坡磷矿在四季度陆续出矿。 | | | 5、公司西班牙布局的生产基地产能是多少？请问是供海外客户 | | | 为主吗？ | | | 回复：公司已在西班牙布局年产 5 万吨锂电池正极材料项目， | | | 许多国内、国外客户都表达了浓烈的兴趣，与公司保持了积极的沟 | | | 通。 | | | 6、请问公司高端产品的占比是多少？全年占比会提升至什么水 | | ...

Core Insights - The electrolyte solvent industry is crucial for the energy density, cycle life, and safety of batteries, with significant growth driven by policies and the dual demand from the new energy vehicle and energy storage markets [1][3][6] - China has become a global supply hub for electrolyte solvents, with substantial increases in output and exports, particularly in the context of the booming new energy vehicle sector [1][4][6] Industry Overview - Electrolyte solvents are essential components of electrolytes, facilitating ion transport in lithium-ion batteries, and must possess high dielectric constants, low viscosity, and chemical stability [2][3] - The solvent market is categorized into four main types: carbonate solvents, ether solvents, carboxylic ester solvents, and specialty solvents, each serving different battery technologies and applications [2] Policy Environment - Multiple policies have been introduced to support the electrolyte solvent industry, focusing on technological innovation, environmental standards, and recycling systems, which aim to enhance the industry's development and compliance with international standards [3][4] Industry Chain - The electrolyte solvent industry features a well-defined supply chain, with upstream raw materials supplied by major petrochemical companies, while leading firms like Haike New Source and Shida Shenghua dominate the midstream production segment [3][4][6] - The downstream market includes applications in new energy vehicles, energy storage systems, and consumer electronics, with the solvent quality accounting for 80%-85% of the electrolyte [3][4] Market Dynamics - The demand for electrolyte solvents is primarily driven by the new energy vehicle sector, which is expected to account for over 70% of the market by 2025, alongside a rapidly growing energy storage market [4][6] - The output of electrolyte solvents has seen a compound annual growth rate (CAGR) of 51.8% from 2019 to 2024, with projections indicating continued strong growth [6][7] Competitive Landscape - The industry is characterized by a concentration of leading companies such as Haike New Source and Shida Shenghua, which leverage technological advantages and large-scale production to maintain market leadership [7][8] - Haike New Source holds over 40% of the global market share in carbonate solvents, while Shida Shenghua is expanding its integrated supply chain capabilities [8][9] Future Trends - The electrolyte solvent industry is expected to evolve towards high-end technology, market concentration, and integrated production models, with a focus on developing high-purity, low-volatility solvents [10][11] - Companies will increasingly adopt vertical integration strategies to enhance cost control and supply chain stability, while also addressing global environmental regulations [12][13]

在制造业升级与高端化转型的浪潮下，机械行业正迎来技术迭代 +需求扩容的双重机遇，成为支撑实体经济高质量发展的核心支柱。 当前国内企业加速突破高端机床、工业机器人等关键技术，行业呈现量价齐升态势，为资本市场提供了丰富投资标的。 且十五五规划重点强调了高水平科技自立自强，强调产业链基础件自主可控，未来五年我国基础件行业有望继续迎来产业政策的大力扶持，国 产替代进程大大加速。 从市场表现看，机械行业投资价值逐步凸显。 六部门联合印发的《机械行业稳增长工作方案 (2025—2026年)》，明确年均营收增速3.5%、 突破10万亿元的目标，方案从供需两侧发力，构建全方位增长体系，作为投资者我们能从中挖掘哪些投资机会？ 工程机械具备显著周期属性。房地产需求弱化背景下，存量设备更新与出口拓展已成为行业核心需求驱动力，行业周期波动主要由二者主导。 中信工程机械行业营业收入、同比(亿元、%) 3,500 15 ■营业收入 -同比 11.49 2,940.21 2,880.13 2,853.59 10 3,000 2,449.72 5 2,500 3.25 0 -0.93 2,000 -2 1,500 -10 1,000 -J2 ...