巩辰绪是四川全固态新材料有限公司融资负责人，2025年加盟该公司前，他在一家主要投资电池新兴技术的基金做投资人。2025年初，在这家基金从电池赛 道转向AI（人工智能）赛道后，他随之离职。但2025年底，巩辰绪发现很多投资人重新将眼光投向固态电池，原因很明确："固态电池产业链企业有订单， 甚至还能盈利，产业化方向较为明确。" 武汉天石科丰新能源科技有限公司（下称"天石科丰"）创始人王硕说，公司目前已经接触了一些有意向的投资机构。王硕所在的公司以硫化物电解质为主要 产品。2025年上半年，因为没有投资机构愿意投固态电池，王硕一度举债维持企业运营。目前公司已经实现吨级出货，按照现有订单，王硕准备在2026年分 批次扩建年产能300吨的产线。 投资机构"回流"的主要原因是：作为买家的电芯厂，正在下订单。 其中，多数车企预计2026年完成产品开发或测试工作，2027年实现装车应用，而电芯厂商则更为激进，提出2026年建成产线的目标。 | | 2025年 | 2026年 | | --- | --- | --- | | 宁德时代 | | | | 比亚迪 | 装车并进入测试阶段 | | | 国轩高科 | 启动量产线（2GW ...

固态电池的量产攻坚，正演变为全产业链的生态竞合。 过去一周内，至少五起跨界合作密集落地，合作焦点高度一致地指向规模化量产必须攻克的核心装 备与共性工艺。而不同技术路线的企业，其合作策略也呈现出泾渭分明的差异化路径。 从材料到整线全方位链接 本次合作潮覆盖了固态电池制造的关键环节： 摘要 合作焦点高度一致地指向规模化量产必须攻克的核心装备与共性工艺。 随着 2027 年全固态电池小批量装车的预期节点临近，当前的合作布局将在未来 1-2 年内初见成 效。这场发生在车间深处的装备攻坚，其结果将直接影响下一代动力电池产业化的进程与格局。 攻克关键材料装备关： 天永智能与茹天科技计划成立合资公司，专注于固态电池核心材料智能成 套装备的研发与生产。值得注意的是，茹天科技是硫化物电解质制备设备的市场领先者，而天永智 能的优势在于高端装备制造与系统集成 ， 前段与后段核心设备商的深度握手。 攻克工艺 嫁接关 与整线集成关： 恩力动力（硫化物路线）与离子能源（聚合物路线）均选择与 智能装备企业金银河达成战略合作。其中，离子能源更同步推进与中基自动化的 " 智造产投联合 项目 " ，系统化构建从核心工艺到智能产线完整量产能力的明 ...

随着全球电动化与智能化进程加速，对于动力、储能技术，尤其是高安全、高性能电池的需求，正以史 无前例的速度增长。而被誉为"下一代能源希望"的固态电池，在从实验室迈向规模化量产线的过程中， 却面临着一个共同的难题：如何确保每一颗产品的内部质量绝对可靠、万无一失？ 技术破局：在线 CT 构筑牢固质量防线 面对量产质量控制这一行业性痛点，国内高精度工业 CT 检测设备的领军企业——俐玛精密测量技术 （苏州）有限公司，提供了关键的破局方案：在卫蓝新能源产线落地一条集成了高精度在线CT的检测 系统。 它能在不拆卸、不破坏电池的情况下，对完成封装后的单体电池进行高速、自动化扫描。这套系统能生 成电池内部完整的三维图像，精确测量内部结构的装配精度，检测是否存在极片褶皱、对齐偏差、界面 空隙乃至微米级的杂质与裂纹，从根本上提升了生产过程中的质量可控性。稳定的质量是量产的前提， 而可量化、可追溯的精密检测，正是实现稳定生产的基石。此次合作，意味着固态电池行业在攻克量产 质量稳定性难题上，迈出了实质性的一步。 硬核实力：从打破垄断到定义精度标准 近日，国内固态电池企业卫蓝新能源正式与俐玛精密测量技术（苏州）有限公司达成合作，确定在 ...

12月10日，固态电池龙头卫蓝新能源正式提交了IPO备案。若此次上市成功，这家背靠中科院物理所的 固态电池独角兽将成为A股"固态电池第一股"。 从2017年的天使轮到如今集结华为、小米、蔚来等48家股东，卫蓝新能源9轮融资攒下了豪华的股东阵 容。 而当下，正是固态电池赛道的关键窗口期，全球半固态电池出货量同比激增。早期股东的退出考量以及 公司长期的融资需求也到了该释放的时候了。 来源：环球老虎财经app 12月10日，卫蓝新能源正式提交了创业板IPO辅导备案，剑指A股"固态电池第一股"。这家背靠中科院 物理所的独角兽凭借着技术优势，在9轮融资中集结了华为、小米、蔚来等48家资本，估值飙升至185亿 元。而在当下固态电池赛道的爆发期中，此次上市则承载着诸多考量；其185亿估值的背后，更是暗流 涌动。 不过，卫蓝新能源这185亿估值背后不仅藏着对固态电池量产的期待，也暗藏全球固态电池行业竞争加 剧的挑战。 固态电池第一股 冲刺IPO 12月10日，卫蓝新能源正式向北京证监局提交了创业板IPO辅导备案。作为中科院物理所固态电池技术 产业唯一的产业化平台，卫蓝新能源若成功上市，将成为A股"固态电池"第一股。 公开信息 ...

向外看，全球汽车产业主要国家和企业，在固态电池领域也取得了不小的进展，国际竞争压力不容小 觑。美日韩等汽车强国和欧洲车企，试图以固态电池作为战略"翻盘"的关键抓手。新能源2.0启程之 际，中国企业需要保持危机感，持续加大研发投入，向创新要竞争力。 目前大多数纯电车辆实际续航只有三五百公里，固态电池量产后续航可以达到1000公里左右。从产业深 层逻辑看，固态电池的量产将是对"安全底线"的有效回应。固态电池用固态电解质取代易燃的液态电解 液，从物理与化学结构上解决热失控问题，与国家最新发布的强制性电池安全新国标《电动汽车用动力 蓄电池安全要求》中关于"不起火、不爆炸"的要求相适配。守住安全底线，新能源汽车才能真正变 成"大众标配"，建立起持久的市场信任。 过去三十年是新能源汽车发展的1.0时代。"九五"至"十一五"时期，我国以"三纵三横"布局解决了从无到 有的问题，"三纵"为混合动力、纯电动、燃料电池汽车，"三横"为动力总成控制、驱动电机、动力电 池。这个阶段的成功以500辆新能源车服务2008年奥运会为标志。2009年至2012年为产业化起步阶段， 25个城市启动"十城千辆"示范工程，到2012年推广新能源车2 ...

Core Viewpoint - The lithium battery sector has experienced a significant surge in stock prices, driven by favorable market conditions and strong demand forecasts for lithium carbonate, with prices reaching a new high of 95,200 yuan/ton [1][5][18]. Group 1: Market Performance - On November 17, the lithium battery sector was the standout performer in the A-share market, with multiple stocks hitting the daily limit up, including Rongjie Co., Shengxin Lithium Energy, and others [3][4]. - The energy metal sector overall rose by 5.26%, making it the strongest sector of the day, with a net inflow of 2.715 billion yuan [4][3]. Group 2: Demand and Supply Dynamics - The recent surge in lithium prices is attributed to a projected increase in global lithium carbonate demand by 30%-40% by 2026, reaching 1.9 million tons, while supply is expected to only meet 25% of this demand growth [6][18]. - The lithium market is facing a potential supply gap of approximately 200,000 tons by 2026 due to reduced capital expenditures by mining companies in response to previous low prices [18][21]. Group 3: Policy and Industry Support - The National Energy Administration's recent guidelines to support 100% renewable energy bases and the signing of projects worth 86.13 billion yuan at the 2025 World Power Battery Conference are expected to bolster long-term lithium demand [5][10]. - The adjustment of the new energy vehicle purchase tax from exemption to a 50% reduction starting January 1, 2026, is anticipated to drive a surge in orders as consumers rush to take advantage of current subsidies [10][21]. Group 4: Company Performance - Ganfeng Lithium's stock rose by 7.48% in A-shares and 8.78% in Hong Kong, reaching a new high since its listing, reflecting strong market confidence [8][9]. - Companies in the lithium battery supply chain, such as Xianlead Intelligent and Dazhu Laser, reported significant profit increases, with Ganfeng Lithium's Q3 revenue growing by 44.1% year-on-year [19][20]. Group 5: Future Outlook - The lithium battery industry is expected to continue its upward trajectory, with strong performance anticipated in Q4 and into 2026, driven by robust demand from electric vehicles and energy storage sectors [21][22]. - The market consensus indicates a focus on companies with low-cost resources, those benefiting from the surge in energy storage demand, and leaders in solid-state battery materials [21].

Core Insights - The lithium battery industry has evolved over 15 years, with equipment companies transitioning from followers to leaders in the sector [2] - The 2025 High-Performance Lithium Battery Annual Conference will take place from November 18-20, 2025, at the JW Marriott Hotel in Shenzhen [3] - The conference will feature a 15th-anniversary celebration and the High-Performance Golden Ball Awards ceremony, along with the release of a blue paper and industry-focused thematic sessions [8] Industry Developments - Leading intelligent companies have achieved concentrated delivery of dry-process equipment for all-solid-state batteries, with mechanical speeds reaching up to 100m/min, capable of meeting production demands of 5-8 GWh per single line [2] - The domestic lithium battery industry is entering a new phase of capacity expansion, with GGII estimating that equipment bidding capacity will exceed 250 GWh in 2025 and potentially surpass 350 GWh in 2026 [6] - Leading intelligent companies have secured substantial orders amid this wave of lithium battery capacity expansion [6] Event Highlights - Wang Yanqing, Chairman of Leading Intelligent, will deliver a keynote speech during the conference [4] - The event is organized by GGII and features various sponsors, including Hai Moxing Laser and Dazhu Lithium Battery [1]

Core Viewpoint - Mercedes-Benz has successfully tested a solid-state battery prototype in its pure electric EQS, achieving a remarkable range of 1205 kilometers on a single charge, surpassing the previous record of 1202 kilometers set by the VISION EQXX in 2022 [1][3] Group 1: Testing and Performance - The solid-state battery-equipped EQS test vehicle traveled from Germany to Sweden, covering 1205 kilometers under various climate and road conditions, with a remaining range of 137 kilometers upon arrival [1] - The solid-state battery developed by Mercedes-Benz's passenger car team and HPP team utilizes sulfur-based solid electrolyte technology, achieving an energy density of 450 watt-hours per kilogram and enhancing range by 25% [1][2] Group 2: Industry Developments - Other automakers, such as BMW, are also advancing solid-state battery technology, with the BMW i7 starting real-world testing in May 2023, featuring a battery cell developed by Solid Power [3] - Both Mercedes-Benz and BMW are on track to bring solid-state battery technology to mass production, with Mercedes-Benz aiming for commercialization within five years and BMW targeting 2028 for its solid-state battery models [3]

Core Viewpoint - The domestic power battery industry is experiencing a significant recovery, driven by the increasing demand for electric vehicles and energy storage, despite previous concerns about overcapacity [2][3]. Group 1: Market Performance - The top ten domestic power battery companies in terms of installed capacity in the first half of the year are led by CATL with 128.6 GWh, accounting for 43.05% of the market share, followed by BYD with 70.37 GWh (23.55%) [1]. - The total power battery sales in China reached 485.5 GWh in the first half of the year, representing a year-on-year growth of 51.6% [3]. - CATL and BYD together hold 66% of the market share, maintaining a strong duopoly in the industry [3]. Group 2: Company Developments - CATL achieved a net profit of 30.485 billion yuan in the first half of the year, a 33.33% increase year-on-year, with a gross margin of 22.41% [3]. - BYD's market share for power batteries is 23.55%, with a focus on its own vehicles and the introduction of the second-generation blade battery technology [3][4]. - Guoxuan High-Tech plans to invest in new production bases in Nanjing and Wuhu, totaling no more than 4 billion yuan, aiming to increase its market share [4]. Group 3: Industry Trends - The competition among battery manufacturers is intensifying, with a notable shift towards technology upgrades rather than mere capacity expansion [4][5]. - The rise of lithium iron phosphate (LFP) batteries is significant, with their market share reaching 81.4% and a year-on-year growth of 73% [6]. - Solid-state batteries are seen as a key future technology, with many companies announcing timelines for mass production, although significant challenges remain [6][7]. Group 4: International Expansion - Domestic battery manufacturers are increasingly focusing on overseas markets, with exports reaching 81.6 GWh in the first half of the year, a 26.5% increase year-on-year [8]. - CATL is expanding its international presence with factories in Hungary and Spain, enhancing its local supply capabilities [8][9]. - The competition in the international market is intensifying, with companies needing strong capital support to adapt to local production requirements and regulations [9].

Group 1 - The commercialization of solid-state batteries in the electric vehicle market is transitioning from "unreachable" to "within reach," with leading battery manufacturers unveiling ambitious mass production plans [1] - Ultrasonic technology has emerged as a key solution to overcome manufacturing challenges in solid-state battery production, playing an essential role in various critical processes from material preparation to quality inspection [1][3] - Ultrasonic welding has become the mainstream solution for ear connections in solid-state batteries, enhancing safety and consistency by avoiding high-temperature issues associated with traditional welding methods [1][3] Group 2 - Ultrasonic detection technology offers significant advantages over X-Ray detection for identifying internal defects in solid-state batteries, such as cracks and delamination, ensuring high consistency and reliability in battery performance [2] - The core structure of solid-state batteries, composed of multiple layers, necessitates precise detection of interface issues, which ultrasonic technology can effectively address, allowing for 100% online inspection [2] - Ultrasonic dispersion technology can significantly improve the uniformity of solid electrolyte materials, addressing key bottlenecks in mass production [2] Group 3 - As the mass production of solid-state batteries approaches in 2026-2027, the market for ultrasonic equipment is expected to experience explosive growth, with demand for ultrasonic welding equipment projected to be 5-10 times higher per GWh compared to traditional lithium batteries [3] - The demand for high-precision ultrasonic scanning detection equipment will increase significantly due to the stringent consistency requirements of solid-state batteries, with the equipment's value expected to exceed that of the welding process [3] - Overall, the demand for various ultrasonic devices in solid-state battery production may see a 20-fold increase compared to traditional lithium battery production lines [3] Group 4 - The ultrasonic equipment segment represents one of the largest value increases in solid-state battery mass production, driven by a surge in application scenarios and the creation of new processes [4] - Companies like Jiao Cheng Ultrasonic are positioned as leaders in this space, leveraging their technological expertise and innovative breakthroughs to establish deep collaborative relationships with top battery manufacturers [4] - This collaboration is accelerating the mass production process and the industrialization of solid-state batteries [4]