文 | 人民网 近 日 ， 中 国 燃 气 与 宁 德 时 代 签 署 战 略 合 作 协 议 。 作 为 第 十 四 届 储 能 国 际 峰 会 暨 展 览 会 （ESIE 2026）A2电池与智能制造馆的冠名企业 ，宁德时代在持续引领行业技术风向的 同时，进一步拓展了其在终端市场的应用版图。 中国储能产业发展的风向标 第十四届储能国际峰会暨展览会 ESIE 2026 时间： 202 6年3月3 1日- 4月3日 地点： 北京·首都国际会展中心 相关阅读 10GWh！宁德时代与欧洲最大资产管理机构达成合作 宁德时代2026将大规模应用钠电池，"钠锂双星闪耀"或成新趋势 规则在变，赢家重排：解析2025储能产业十大关键节点 联盟官微 关注政策、项目、企业、市场活动 联盟官方小秘书 入会、入群、产业交流、活动对接 根据协议，双方明确将于 2026年至2028年期间在储能业务领域 建立优先合作关系。合作 重点将聚焦于 电网侧储能及工商业储能项目 的落地实施。 此次合作将充分利用中国燃气覆盖2亿人口的终端用户网络及分布式落地优势， 结 合 宁 德 时代全球领先的储能技术，将储能成果加速应用至各地的综合能源项目中。 ...

Group 1 - Lithium stocks are declining, with Tianqi Lithium (09696) down 3.51% at HKD 50.85 and Ganfeng Lithium (01772) down 3.03% at HKD 54.35 [1] - On December 29, the main contract for lithium carbonate on the Shanghai Futures Exchange continued to decline, hitting the limit down at the end of trading [1] - At the supplier conference held by CATL in Ningde, it was announced that sodium batteries will be widely applied in various fields such as battery swapping, passenger vehicles, commercial vehicles, and energy storage by 2026, indicating a potential trend of "sodium-lithium dual stars shining" [1] Group 2 - According to sources close to CATL, the lithium mining project of Yichun Times New Energy Mining Co., Ltd. in Yifeng County is expected to resume production around the Spring Festival [1] - Daiwa's report suggests that while the market anticipates an increase in CATL's lithium production capacity next year, the current lithium futures prices only reflect short-term supply-demand balance improvements [1] - The report also indicates that with an expected increase in lithium supply in the first half of next year and a potential quarter-on-quarter decline in demand in the first quarter, lithium prices are unlikely to rise further at the beginning of next year [1]

Group 1 - Lithium stocks are declining, with Tianqi Lithium down 3.51% at HKD 50.85 and Ganfeng Lithium down 3.03% at HKD 54.35 [1] - On December 29, the main contract for lithium carbonate on the Shanghai Futures Exchange continued to decline, hitting the limit down at the close [1] - CATL announced at its supplier conference on December 28 that it plans to significantly apply sodium batteries in various fields by 2026, indicating a potential trend of "sodium-lithium dual stars" [1] Group 2 - Yichun Times New Energy Mining Co.'s lithium mining project in Jiangxi province is expected to resume production around the Spring Festival [1] - Daiwa Research believes that while the market anticipates an increase in CATL's lithium production capacity next year, current lithium futures prices only reflect short-term supply-demand balance improvements [1] - The firm expects an increase in lithium supply in the first half of next year and a potential quarter-on-quarter decline in demand in the first quarter, suggesting that lithium prices may struggle to rise further in early next year [1]

Core Viewpoint - CATL is set to significantly scale up the application of sodium-ion batteries across various sectors, including battery swapping, passenger vehicles, commercial vehicles, and energy storage by 2026, marking a new trend of "sodium-lithium dual stars shining" [2] Group 1: Company Developments - CATL launched its first-generation sodium-ion battery in July 2021 and introduced the world's first super hybrid battery with a pure electric range of over 400 kilometers in October 2022 [2] - The sodium-ion battery brand "Naxtra" was officially launched in April 2023, featuring two product lines: power batteries for passenger vehicles and 24V batteries for heavy trucks [2] - The Naxtra battery can charge from 30% to 80% in 30 minutes at -30°C, maintaining a 93% usable capacity, and can sustain a speed of 120 km/h even at 10% state of charge [2] Group 2: Technical Advantages - Sodium-ion batteries are seen as a crucial alternative to lithium-ion batteries due to the abundant availability of sodium resources, which are over 400 times more plentiful than lithium [3] - The production cost of sodium-ion batteries is estimated to be 25%-30% lower than that of lithium iron phosphate batteries, with a 40% reduction in equipment investment costs due to compatibility with existing lithium-ion production lines [3] - Sodium-ion batteries exhibit superior low-temperature performance, safety, and lower carbon footprints, making them suitable for various applications, especially in cold regions [3] Group 3: Market Context - China holds only about 7% of the world's lithium resources, leading to a heavy reliance on overseas lithium, which poses a significant challenge for the domestic new energy industry [5] - The increasing tension in lithium resource availability and price fluctuations has led to a surge in investment and research in sodium-ion battery technology, with major companies like Guoxuan High-Tech, BYD, and AVIC Lithium Battery also entering the market [5][6] - The market for sodium-ion batteries is expected to grow significantly, particularly in the energy storage sector, with predictions of nearly 50 GWh of installed capacity in China by 2030 [6] Group 4: Strategic Importance - Sodium-ion batteries are recognized as a strategic focus for national competition, with various international and domestic initiatives promoting their development [9] - The commercial vehicle sector is identified as a key area for the large-scale commercialization of sodium-ion batteries, particularly in heavy-duty and light-duty trucks [9]

Group 1 - Lithium prices continue to rise, with carbonate lithium futures reaching 130,800 CNY/ton, marking a new high since November 2023, and a year-to-date increase of 68.72% [1] - Morgan Stanley has raised the target price for carbonate lithium to $18,000/ton for Q4 2026, significantly above the current spot price of approximately $13,500/ton, and has also increased the target price for spodumene to $2,000/ton, nearly doubling from the current spot price of about $1,100/ton [1] - The surge in lithium prices is expected to positively impact the profitability of carbonate lithium producers, driven by the ongoing growth in global electric vehicle and energy storage markets [1] Group 2 - Sodium-ion battery costs have rapidly decreased, and energy density has significantly improved, leading to expanded application scenarios, including use in A0/A00 vehicles and hybrid models [2] - In the two-wheeler market, sodium-ion batteries are expected to gradually replace some lead-acid batteries due to safety and cost advantages, with multiple companies set to launch sodium-powered two-wheelers in 2024 [2] - CATL plans to significantly scale up sodium battery applications across various sectors, including battery swapping, passenger vehicles, commercial vehicles, and energy storage by 2026, indicating a trend of "sodium-lithium dual stars shining" [2] Group 3 - CATL is projected to ship 2 GWh of sodium batteries in 2025, with expectations to increase shipments by at least five times in 2026 [3] - The cost of sodium batteries is now very close to that of lithium batteries, while the cycle life of sodium-ion batteries is 1.5 times longer than that of lithium-ion batteries, potentially leading to lower storage costs per cycle [3] Group 4 - Related Hong Kong stocks in the sodium-ion battery supply chain include CATL (03750), Zhongwei New Materials (02579), and BYD Company (01211) [4]