倒计时31天 2025（第十五届）高工锂电年会 暨十五周年庆典&高工金球奖颁奖典礼 主办单位： 高工锂电、高工产研（GGII） 协办单位： 卡洛维德 总冠名： 海目星激光 年会特别赞助： 大族锂电 专场冠名： 杉杉科技、 英联复合集流体、逸飞激光、华视集团、欧科工业空调、宇电自动化 金球奖全程特约赞助： 思客琦 时间&地点： 2025年11月18-20日 深圳前海华侨城JW万豪酒店 会议合作： 陈女士 13560731836（微信同号） 2009年，"十城千辆"启动。飞哥征询可否混入锂电行业，有识朋友说，锂电江湖四大门派，东北派、华北（天津）派、中南派、华南派，你站哪 派？经不住新能源的诱惑，还是跳进了这个"是非江湖"，因站的地方是华南，应该沾了点华南派的务实之光。 这三年，也是国际同行希望未来能弯道超车的重要时期，尤其是国内外车企在过去"受制"电池供应的束缚，固态电池三国杀已经在路上暗暗较量。行 业老大在固态电池上，的确做到"Second to none"，但不少企业还是实用主义至上。如同当年动力电池，先上名单，能用就好，后面再说，实际上就 是无奈+自我安慰，这在未来残酷的全球竞争中，几将前功尽弃。 以上， ...

中国锂电厂争相"下南洋"的故事，还得从锂电池的关键原料——镍矿说起。镍作为一种银白色金属，具 有优异的导电性、耐腐蚀性、抗氧化性和高温强度，被誉为"现代工业的维生素"。在三元锂电池中，镍 能提供更高的能量密度和更大的储存容量，是决定续航能力的关键材料。 这时候就不得不提到，全球镍储量第一的印尼了。根据印尼能矿部发布的数据，印尼的镍储量为7200万 吨，占世界镍总储量1.39亿吨的52%。2024年印尼镍产量占全球产量57%。 正是印尼的"资源底气"，吸引了中国锂电企业就地建厂。以印尼的纬达贝工业园为例，这是由来自中国 的青山控股集团、浙江华友钴业和振石控股集团联合投资的综合性园区。依托当地930万吨世界级镍矿 资源，规划总投资超110亿美元。纬达贝工业园打造了从矿山开采到镍钴湿法冶炼前驱体材料制备的完 整产业链，开创了中印尼新能源产业"资源+技术+制造"三位一体合作的新模式，更是给中资锂电出海带 来了巨大的机遇。 当然促使国产锂电"下南洋"的动力，远不止是"近水楼台"魅力，还有东南亚的市场潜力。2023 年东南 亚电动车销量已达20.4万辆，预计2024-2029年复合增长率 22%。这片亟待开发的"蓝海市场 ...

【导读】首批基金三季报出炉 基金经理调仓换股更看重成长性 中国基金报记者 若晖 首批 2025 年基金三季报出炉。部分基金的规模变动、基金经理调仓换股情况浮出水面。 数据显示，三季度，受益于份额增长及基金单位净值上涨，部分跟踪人工智能指数的 ETF 及 主投新能源、电子等领域的基金规模的增长。 基金经理操作方面，增持锂电产业链、港股互联网、以及有色板块内部的铜类资源股为调仓 的主要方向。 部分基金业绩、规模 " 双丰收 " 今年三季度， A 股市场在算力等科技板块带动下，走出一波极致的上涨行情，部分基金的规 模也跟着水涨船高。 基金三季报显示，赵诣管理的泉果旭源三年持有期混合基金规模从二季度末的 130.81 亿元 增长至三季度末的 190.69 亿元，单季度规模增长近 60 亿元。份额变化方面，该基金三季 度份额增长约 0.15% ，规模增长主要靠基金单位净值上涨带动。 Wind 数据显示，该基金 A 类份额三季度单位净值增长 45.58% ，今年前三季度单位净值上涨 48.80% 。 跟着人工智能指数的 ETF 在三季度获得基民踊跃申购。三季度数据显示，华富中证人工智能 产业 ETF 三季度末规模达到 8 ...

Core Insights - The first batch of 2025 fund Q3 reports reveals that fund managers are increasingly focusing on growth potential in their stock selections [1][4] Fund Performance and Scale - In Q3, A-share market experienced a significant rally driven by technology sectors, leading to substantial growth in fund sizes [2] - The fund managed by Zhao Yi, Quan Guo Xu Yuan, saw its scale increase from 13.081 billion to 19.069 billion, a growth of nearly 6 billion in a single quarter, with a unit net value increase of 45.58% [2] - The Hua Fu CSI Artificial Intelligence Industry ETF reached a scale of 8.079 billion, growing over 125% in Q3, driven by a unit net value increase of 73.86% and over 1.1 billion units in net subscriptions [2] Bond Fund Growth - Some bond funds also experienced significant scale increases, such as the Bei Xin Rui Feng Ding Sheng Short-Duration Bond Fund, which grew from less than 20 million to 17.115 billion, primarily due to institutional investor subscriptions [3] Stock Selection Focus - Fund managers are actively adjusting their portfolios to align with market trends, focusing on high-end manufacturing sectors like new energy, electronics, and military industry [4] - Zhao Yi's report indicates a dual focus on technology AI and sectors experiencing turnaround, particularly in the lithium battery supply chain, with an emphasis on segments like hexafluorophosphate and separators [4] - The military industry is expected to see an upturn in orders starting Q3 2024, driven by domestic recovery and increased overseas demand due to geopolitical conflicts [4] Changes in Top Holdings - The top ten holdings of Quan Guo Xu Yuan include Ningde Times, Tencent Holdings, and Enjie Co., with significant reductions in holdings like Keda Li and increases in lithium and chip sectors [5] - Fund managers are focusing on strategic emerging industries represented by AI and increasing positions in domestic computing while reducing exposure to overseas supply chains [5] - The Bei Xin Rui Feng Research Select Fund has increased its focus on copper stocks due to better growth prospects compared to aluminum, reflecting a shift towards growth-oriented stock selection [5]

Core Insights - The article highlights a significant milestone in China's lithium battery industry, with cumulative production and sales exceeding 1 TWh in the first nine months of 2025, underscoring its critical role in the global clean energy supply chain [4][5] - The growth is primarily driven by surging global energy storage demand, which offsets a structural slowdown in the domestic electric vehicle market, particularly in the passenger car segment [4][8] Production and Sales Data - From January to September 2025, China's battery production reached 1121.9 GWh, a 51.4% increase year-on-year, while sales hit 1067.2 GWh, marking a 55.8% year-on-year growth [4] - The sales structure shows a notable shift, with power batteries accounting for 786.0 GWh (73.7% of total sales), growing by 48.9% year-on-year [6] - In contrast, "other batteries," primarily energy storage batteries, saw a remarkable sales growth of 78.9%, totaling 281.1 GWh [7][8] Export Trends - In the global market, China's battery exports approached 200 GWh, reaching 199.9 GWh, a 45.5% increase year-on-year [9] - Power battery exports were 129.1 GWh, up 32.7% year-on-year, while energy storage battery exports, although lower at 70.7 GWh, experienced a growth rate of 76.3%, more than double that of power batteries [10] Domestic Market Dynamics - In the domestic market, the cumulative installation of power batteries from January to September was 493.9 GWh, reflecting a 42.5% year-on-year increase, which is lower than the overall battery sales growth, indicating impacts from inventory and export diversions [10] - The dominance of lithium iron phosphate batteries remains unchallenged, with installations reaching 402.6 GWh (81.5% market share), growing by 62.7% year-on-year [11] - Conversely, ternary battery installations declined by 7.8% to 91.2 GWh [12] Application Segmentation - Demand differentiation among vehicle types is stark, with the most rapid growth occurring in commercial vehicles, particularly pure electric trucks, which saw a 156.5% increase in battery installations [12] - Pure electric special vehicles and buses also experienced significant growth, while pure electric passenger vehicles saw a slowdown to around 35% growth, and plug-in hybrid vehicles lagged at 16% [13] Recent Monthly Trends - In September, power battery installations rebounded by 21.6% month-on-month to 76.0 GWh, with contributions primarily from pure electric passenger vehicles and trucks [14] - Total battery exports in September reached 26.7 GWh, a 28.3% year-on-year increase, highlighting the growing importance of overseas markets [16] - The average battery capacity for new energy vehicles in China reached 55.0 kWh in September, with pure electric passenger vehicles averaging 56.2 kWh [18] Market Competition - The competitive landscape is intensifying, with market shares of leading companies (CR2, CR5, CR10) declining, indicating a shift of market share from top firms to mid-tier players [18]

作为全市锂电产业发展的核心区域，枣庄高新区锂电产业园已建成覆盖全链条的产业布局。从上游正极材料、电解液等关键原材料生产，到中游电池电芯 制造、PACK组装等核心环节，再到下游终端应用及检测检验服务，全链条"抬脚就到"。目前，园区既培育了产值规模领先的龙头企业，也汇聚了一批在 细分领域深耕的中小企业，形成了多元共生、协同发展的产业格局，成为推动全市锂电产业升级的核心引擎。 神州星恒的快速成长，是园区构建完善产业生态、强化企业服务的一个缩影。通过整合上下游资源，园区企业在技术研发、市场开拓等方面获得了强有力 的支持，高效协同正成为园区发展的鲜明特色。 近年来，枣庄高新区锂电产业园聚焦锂电全产业链建设，持续优化企业服务机制，推动园区企业高效协同、集聚发展。如今，园区已形成从原材料供应到 终端产品制造的完整产业闭环，"足不出园"即可完成全流程生产，产业集聚效应不断放大，为企业快速发展注入强劲动力。 作为园区内一家专注于锂离子电池研发、生产与销售的高新技术企业，神州星恒电源科技(山东)有限公司自投产以来，依托先进技术和优质产品迅速打开 市场。在园区的精准服务支持下，企业积极拓展海内外业务，产品已成功出口至美国、新加坡、 ...

2025（第十五届）高工锂电年会 暨十五周年庆典&高工金球奖颁奖典礼 主办单位： 高工锂电、高工产研（GGII） 协办单位： 卡洛维德 总冠名： 海目星激光 年会特别赞助： 大族锂电 专场冠名： 杉杉科技、英联复合集流体、逸飞激光、华视集团、欧科工业空调、宇电自动化 金球奖全程特约赞助： 思客琦 时间&地点： 2025年11月18-20日 深圳前海华侨城JW万豪酒店 会议合作： 陈女士 13560731836（微信同号） 在 新能源锂电 领域，宝辰鑫为合作伙伴提供一站式的激光智能系统解决方案，包含激光器、激光加工头、控制卡及软件等激光子系统的全套方案， 可快速实现激光应用方案落地。 其激光解决方案覆盖电池、电驱、电控三点系统全工艺段应用。极片划线、电芯壳体表面毛化、蓝膜钝化、轧辊清洗、扁线电机激光焊接、扁铜线激 光除漆、IGBT激光焊接等创新工艺应用，助力客户突破新能源效率难点。 届时，宝辰鑫激光将在本届年会上发表主题演讲。 年会期间还将举行 十五周年庆典&高工金球奖颁奖典礼、发布蓝皮书、设行业关切主题专场 ，敬请期待！ 倒计时32天 当前新能源锂电产业加速升级，制造端对工艺精度、效率的要求持续攀升。 深圳市 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - On October 16, 2025, the lithium carbonate futures 2511 contract rose 2.52% to 74,940 yuan/ton. The average price of battery - grade lithium carbonate remained at 73,000 yuan/ton, the average price of industrial - grade lithium carbonate remained at 70,750 yuan/ton, and the price of battery - grade lithium hydroxide (coarse particles) dropped 50 yuan/ton to 73,130 yuan/ton. The warehouse receipt inventory decreased by 2,620 tons to 30,456 tons [3]. - In terms of supply, the weekly output increased by 431 tons to 21,066 tons. Lithium extraction from spodumene increased by 100 tons to 13,164 tons, lithium extraction from lepidolite increased by 96 tons to 2,791 tons, lithium extraction from salt lakes increased by 210 tons to 3,114 tons, and lithium extraction from recycling increased by 25 tons to 1,997 tons. In terms of demand, the weekly output of ternary materials increased by 271 tons to 17,247 tons, and the weekly inventory of ternary materials increased by 114 tons to 17,963 tons; the weekly output of lithium iron phosphate increased by 572 tons to 85,039 tons, and the weekly inventory of lithium iron phosphate increased by 970 tons to 102,818 tons. In terms of inventory, the weekly inventory decreased by 2,143 tons to 132,658 tons, with downstream inventory decreasing by 2,030 tons to 57,735 tons, intermediate link inventory increasing by 350 tons to 40,640 tons, and upstream inventory decreasing by 464 tons to 34,283 tons [3]. - This week, the warehouse receipt inventory has been continuously decreasing. With supply - side news disturbances and good weekly data, the futures price fluctuated and rose yesterday. Currently, it is the peak demand season, lithium carbonate is being destocked, and lithium ore prices are firm. The weekly fundamentals further strengthen the price support. There are still expectations of project resumptions, so in the short term, it will still run with a bias towards fluctuations, but the volatility may increase [3]. 3. Summary According to Relevant Catalogs 3.1 Research Views - Futures, spot, and warehouse receipt data: The lithium carbonate futures 2511 contract rose 2.52% to 74,940 yuan/ton. The average price of battery - grade lithium carbonate remained at 73,000 yuan/ton, the average price of industrial - grade lithium carbonate remained at 70,750 yuan/ton, and the price of battery - grade lithium hydroxide (coarse particles) dropped 50 yuan/ton to 73,130 yuan/ton. The warehouse receipt inventory decreased by 2,620 tons to 30,456 tons [3]. - Supply, demand, and inventory data: Supply increased by 431 tons to 21,066 tons from different sources. Demand - side production and inventory of ternary materials and lithium iron phosphate both increased. The overall inventory decreased by 2,143 tons to 132,658 tons, with different trends in downstream, intermediate, and upstream inventories [3]. - Market trend judgment: Due to factors such as continuous destocking of warehouse receipts, supply - side news disturbances, and good weekly data, the futures price rose. With the peak demand season, destocking of lithium carbonate, and firm lithium ore prices, the short - term market will run with fluctuations and increasing volatility [3]. 3.2 Daily Data Monitoring - Price changes of various products: Futures contract prices (主力合约收盘价 and 连续合约收盘价) increased, prices of some lithium ores (such as lithium mica and phospho - lithium - aluminum stone) increased, prices of some lithium salts (such as battery - grade lithium hydroxide) decreased, and prices of some other products (such as hexafluorophosphate lithium) increased [5]. - Price differences: The price difference between battery - grade and industrial - grade lithium carbonate remained unchanged, while the price difference between battery - grade lithium hydroxide and battery - grade lithium carbonate decreased [5]. - Cell and battery prices: Most cell and battery prices remained unchanged, except for the cobalt - acid lithium cell price which increased slightly [5]. 3.3 Chart Analysis - Ore prices: Charts show the price trends of lithium - containing ores such as spodumene concentrate, lithium mica, and phospho - lithium - aluminum stone from 2024 to 2025 [6][8][9]. - Lithium and lithium salt prices: Charts display the price trends of metal lithium, battery - grade and industrial - grade lithium carbonate, battery - grade and industrial - grade lithium hydroxide, and hexafluorophosphate lithium from 2024 to 2025 [10][12][14]. - Price differences: Charts present the price differences between battery - grade lithium hydroxide and battery - grade lithium carbonate, battery - grade and industrial - grade lithium carbonate, and some international - domestic price differences, as well as the basis from 2024 to 2025 [17][18][22]. - Precursor and cathode material prices: Charts show the price trends of ternary precursors, ternary materials, lithium iron phosphate, manganese - acid lithium, and cobalt - acid lithium from 2024 to 2025 [24][26][29]. - Lithium battery prices: Charts display the price trends of 523 square ternary cells, square lithium - iron phosphate cells, cobalt - acid lithium cells, and square lithium - iron phosphate batteries from 2024 to 2025 [32][34]. - Inventory: Charts show the inventory trends of downstream, smelters, and other links from February 27, 2025, to October 16, 2025 [37][38][39]. - Production costs: The chart shows the production profit trends of lithium carbonate from different raw materials such as外购三元极片黑粉, 外购磷酸铁锂极片黑粉, 外购锂云母精矿, and 外购锂辉石精矿 from 2024 to 2025 [41][42].

倒计时32天 2025（第十五届）高工锂电年会 暨十五周年庆典&高工金球奖颁奖典礼 主办单位： 高工锂电、高工产研（GGII） 协办单位： 卡洛维德 总冠名： 海目星激光 年会特别赞助： 大族锂电 专场冠名： 杉杉科技、英联复合集流体、逸飞激光、华视集团、欧科工业空调、宇电自动化 金球奖全程特约赞助： 思客琦 时间&地点： 2025年11月18-20日 深圳前海华侨城JW万豪酒店 会议合作： 陈女士 13560731836（微信同号） 当前，高能超声波空化处理作为微纳米材料分散新兴核心技术，凭借分散能力强、效率高、能耗低的优势，在锂电材料制备领域前景广阔。 其核心的超声空化效应，能通过超声波振动形成 "微小气泡瞬时爆炸"，实现颗粒高效分散，但传统设备长期面临"批量处理效率"与"运行稳定性"难 以兼顾的产业化瓶颈。 中科雷舜智能科技 (宁波)有 限公司 ，由雷索智能与中国科学院宁波材料技术与工程研究所共建 ，专注大功率超声波空化核心部件及成套分散设备 研发，经过十余年的技术创新与积累，现已成功突破适用于大规模量产的超声波空化处理装备技术难题，并针对锂电行业形成成熟方案。 不仅开发出适用于正负极材料及隔膜浆料匀浆 ...

1、近日山西贝特瑞（贝特瑞持股47%），上市公司外协企业。通知部分订单涨价2000~3000元，上市公司。目前负极行业整体产能利用率持续抬升，头部企业 订单饱满，据产业反馈，头部企业已实现给部分客户的涨价，预计给大客户的涨价在Q4落地。 2、目前头部负极公司均处于满产状态，并向外寻求外协产能。 3、锂电需求持续超预期，中游材料环节供需态势呈现逐步逆转的态势，负极等环节反馈价格调涨 半仙点评：负极这波涨价大概率是散单，大客户谈涨价的难度还是太大。 期推荐 加入社群 添加半仙微信，备注"进群"，邀请你加入锂电行业社群，获得行业最新动态、行业干货报告和精准人脉。 比亚迪出海：发力东南亚 CATL 往 主机厂电芯采购：兼顾性能和成本 ：储能市场增长高于动力 本公众号基于分享的目的转载，转载文章的版权归原作者或原公众号所有，如有涉及侵权请及时告知，我们将予以核实并删除。 ...