Group 1 - The three major stock indices continued to rebound, with the Shanghai Composite Index approaching the 4000-point mark, driven by strong performance in the new energy and battery sectors, particularly lithium batteries, lithium mines, and solid-state batteries [1] - As of the report, the lithium battery ETF (561160) saw an intraday increase of 6.10%, while the Sci-Tech Innovation Board New Energy ETF (588960) rose by 5.56%. Notably, component stocks such as Aters reached the daily limit, with Sunshine Power increasing over 14% and Xian Dao Intelligent rising more than 8% [1] - The Ministry of Industry and Information Technology emphasized the need for a systematic layout for the research and development of next-generation battery technologies, including solid-state batteries, to accelerate the industrialization process [1] Group 2 - China holds six positions among the top ten global battery companies, accounting for 69% of total shipments, solidifying its leading position in the industry [1] - Current policies are reinforcing technological innovation, encouraging companies to invest more in new material systems and recycling technologies, while also improving the standard system and market order to create a favorable environment for the high-quality development of the new energy battery industry [1] - The lithium battery ETF (561160) closely tracks the CSI Battery Theme Index (931719), which selects 50 component stocks from the Shanghai and Shenzhen markets, covering power batteries, energy storage batteries, consumer electronics batteries, and related upstream and downstream listed companies [1]

Group 1 - Anfu Technology has decided to terminate its joint venture project for sulfide all-solid-state batteries due to substantial risks arising from the freezing of the controlling shareholder's shares of Gao Neng Times [1] - The joint venture aimed to establish a new battery pilot platform and develop a 300MWh pilot production line for sulfide-based all-solid-state batteries, with four phased goals set for product sampling from 2026 to 2030 [1] - Anfu Technology is a leading alkaline battery manufacturer in China, with its subsidiary Nanfu Battery being one of the top three alkaline battery brands globally, facing challenges from the rapid adoption of lithium batteries [1] Group 2 - Lih湖股份 announced its exit from the joint venture with Gao Neng Times by transferring its 45.45% stake in Gao Neng Lih湖 for a nominal price of zero, following unsuccessful negotiations [2] - Gao Neng Lih湖 was established as a joint laboratory to develop industrialization technologies for all-solid-state sulfide batteries, but Gao Neng Times failed to fulfill its initial capital contribution obligations [3] - Lih湖股份 is an automotive parts supplier, primarily producing compressor housings and turbine housings, which are critical components of automotive power systems [3] Group 3 - Gao Neng Times, founded in July 2021, focuses on the research and industrialization of all-solid-state batteries and solid electrolytes, with significant backing from various investors [4] - The company completed over 55 million in angel financing in 2022 and established a research center for sulfide all-solid-state batteries in Zhuhai, followed by a Pre-A round financing in 2023 [4]

Core Viewpoint - Anfu Technology announced a joint venture to establish a new battery pilot platform aimed at developing and commercializing all-solid-state battery technology, positioning itself for future growth opportunities in the battery industry [1][2]. Group 1: Joint Venture Details - Anfu Technology's subsidiary, Nanfu Battery, will partner with Nanping Green Industry Investment Fund and High Energy Times to create a joint venture with a registered capital of 50 million yuan [1]. - The ownership structure of the joint venture includes Nanfu Battery holding 19% (9.5 million yuan), Nanping Green Industry Fund holding 30% (15 million yuan), and High Energy Times holding 51% (25.5 million yuan) [1]. Group 2: Project Goals and Timeline - The joint venture has set specific milestones for product samples: - By December 2026, samples for 3C consumer and small electric two-wheeler solid-state batteries will be completed - By December 2027, samples for home energy storage solid-state batteries - By December 2028, samples for robotics and electric vehicle power solid-state batteries - By December 2030, samples for large-scale energy storage solid-state batteries [2]. Group 3: Strategic Implications - This investment represents Anfu Technology's expansion into new battery technologies beyond traditional consumer batteries, potentially opening new avenues for industrial collaboration and future revenue growth [2].