Core Viewpoint - The energy storage industry continues to experience high demand, with a significant increase in orders for energy storage cells, leading to a situation where supply cannot meet demand, indicating a transition from "scale expansion" to "quality and efficiency improvement" in the industry [1][2]. Group 1: Market Demand and Supply - The energy storage cell market is currently characterized by strong supply and demand, with leading companies extending order schedules into next year [1]. - Companies like Longjing Environmental Protection have reported full orders, with production schedules extending to June 2026, and are planning to increase capacity to meet the "one cell hard to find" demand [1]. - Huizhou EVE Energy has also confirmed full production status and has achieved mass production of large cells, maintaining a strong market share [1][2]. Group 2: Upstream Material Production - Upstream material companies are experiencing high production levels due to strong demand from downstream power and energy storage batteries [2]. - Companies such as Hunan YN Energy and Guizhou Anda Technology have reported being at full production capacity [2]. - The demand for phosphate cathode materials is expected to continue growing, driven by both power and energy storage batteries [2]. Group 3: Competitive Strategies - Companies are focusing on technological upgrades and innovative models to strengthen their competitive advantages [3]. - Longjing Environmental Protection plans to implement lean production and cost-reduction measures to cope with industry competition, with a reported gross margin of approximately 10% for energy storage cells [3]. - Strategic long-term partnerships are becoming crucial for stable supply chain development, as seen in the ten-year agreement between Haibo Sichuang and CATL [3]. Group 4: Industry Trends and Recommendations - The energy storage industry is advised to avoid falling into low-price competition by enhancing industry self-discipline and promoting procurement based on "optimal value" rather than "lowest price" [4]. - There is a need for differentiation in technology and products to improve the usable capacity and cost performance of energy storage systems [4]. - Accelerating international expansion and certification processes is essential for participating in global competition [4].

近期，储能行业延续高景气态势，核心环节储能电芯订单呈现"爆发式"增长，市场"一芯难求"。多家企 业披露的经营信息显示，当前储能电芯市场供需两旺，头部企业订单排期普遍延伸至明年，行业从"规 模扩张"向"质效提升"的转型趋势愈发清晰。 储能电芯企业的满产满销成为行业高景气度的直接印证。 例如，11月26日，福建龙净环保股份有限公司（以下简称"龙净环保"）在2025年第三季度业绩说明会上 表示，目前公司储能电芯订单饱满，排产期已至2026年6月份。该公司当前储能电芯产能约8.5GWh，自 今年3月份以来均处于满产满销态势。为满足当前电芯市场"一芯难求"的需求，公司拟在原产线预留区 域适度提升产能，以进一步降低单位生产成本。 头部电池企业保持高负荷生产节奏。惠州亿纬锂能股份有限公司（以下简称"亿纬锂能"）近日在投资者 互动平台上透露，公司储能电池订单饱满且处于满产状态，600Ah+大电芯已实现量产。鑫椤咨询数据 显示，2025年上半年该公司储能电池出货量稳居全球第二，市场份额持续巩固。 受益于下游动力电池和储能电池的旺盛需求，上游材料企业的生产热度同步攀升。湖南裕能新能源电池 材料股份有限公司（以下简称"湖南裕能"） ...