在"十四五"最后一个季度，2025年世界动力电池大会刚刚于11月中旬在四川宜宾落下帷幕。这个连续四 年在此召开的全球盛会，不仅让世界见证了宜宾继白酒之后第二个千亿产业——动力电池的强势崛起， 更照见其以此为起点构筑的绿色新能源发展来时路。 此次大会以"新视野·新生态·新机遇"为主题，满含对"十五五"的期待，但这里的展望亦不止于动力电池 产业，而是整个宜宾绿色发展的新视野、新生态和新机遇。 实际上，就在动力电池大会召开前夕，宜宾的绿色发展又添砝码。今年的9月28日，宜宾高新零碳产业 园Zpark 26个拟建项目集中开工，标志着长江生态首城再次以创新战略入局，面向未来，培育核心竞争 力。 （2025世界动力电池大会现场） 这绝非简单的招引落地，而是一套经过精密规划和设计的绿色发展操作系统。 早在2016年，从传统白酒+煤炭产业中觉醒的宜宾，隐约预感新能源时代地到来，布下"8+2"产业格 局；三年后，宁德时代落子宜宾，以此为起点，拉开新能源产业发展序幕；而后，光伏、新型储能接续 布局，在长江上游逐渐构建出"4+4+4"现代产业体系…… 时至今日，当城市竞争渐趋白热化，招引愈加"内卷"时，宜宾以创新、创造、创业为锚点 ...

Core Viewpoint - The article highlights the strategic collaboration between CATL and Wuliangye Group, focusing on the development of a zero-carbon ecosystem and the promotion of electric transportation, which aims to enhance the green energy infrastructure and contribute to China's carbon neutrality goals [3][4][8]. Group 1: Strategic Collaboration - CATL and Wuliangye Group have established a strategic partnership to create a zero-carbon park, utilizing existing industrial parks for green energy infrastructure upgrades [3]. - The collaboration will prioritize the use of CATL's battery products in Wuliangye's logistics and transportation, including the exploration of battery swapping demonstration routes [4]. - Both companies aim to enhance battery material research and development, optimizing energy structures and promoting green production models in the traditional liquor industry [4][8]. Group 2: Zero-Carbon Initiatives - CATL has signed a strategic cooperation agreement with the Yibin Municipal Government to develop a "zero-carbon Yibin" initiative, focusing on zero-carbon industries, energy, cities, and intelligence [4][5]. - The plan includes establishing national-level zero-carbon park pilots and promoting energy-saving transformations in high-energy-consuming enterprises [4][7]. Group 3: Production Capacity and Technological Advancements - CATL's Yibin base is set to become the largest single production facility globally, with a planned capacity of 180 GWh by 2025 and a total capacity exceeding 300 GWh upon completion [7]. - The facility boasts a 95% automation level and aims to reduce average energy consumption by 52% compared to 2021 [7]. - CATL's Yibin base has been recognized as the world's first "zero-carbon factory" and a national intelligent manufacturing benchmark factory [7]. Group 4: Industry Impact and Future Outlook - The collaboration and initiatives in Yibin are expected to solidify CATL's leadership in the global battery industry while promoting Yibin as a model city for zero-carbon economy and green manufacturing [8]. - The strategic model of CATL, which integrates strategic goals, technological innovation, and ecological co-construction, is set to lead the industry towards a greener future and contribute to global carbon neutrality efforts [8].

Core Viewpoint - CATL has launched the world's first "sea and air integrated low-altitude economic solution," marking a significant breakthrough in extending low-altitude infrastructure to vast water areas, thus promoting the scale development of the low-altitude economy and opening new pathways for energy transition and industrial upgrading [1] Group 1: Company Developments - The "sea and air integrated low-altitude economic solution" combines a zero-carbon water airport with eVTOL aircraft, representing a practical implementation of CATL's vision for a "full-scale incremental era" in the new energy industry [1] - CATL's chairman, Zeng Yuqun, emphasized that the new energy industry is transitioning from "local breakthroughs" to "full-scale incremental growth," highlighting the need to expand usage scenarios for true incremental growth [1] Group 2: Industry Implications - This solution allows CATL's battery products to extend from passenger vehicles, commercial vehicles, and electric ships to the low-altitude aviation sector, creating a zero-carbon three-dimensional transportation ecosystem that covers land, sea, and air [1] - The continuous technological innovation and scenario expansion will synergize with CATL's businesses in power batteries, energy storage, and zero-carbon industries, collectively opening new growth spaces in the new energy sector [1]

Market Overview - The major indices experienced significant declines, with the Shanghai Composite Index down 3.90%, the Shenzhen Component down 5.13%, and the ChiNext Index down 6.15% during the week of November 17-21, 2025[6] - The average daily trading volume decreased to 1.87 trillion yuan, down from 2.04 trillion yuan the previous week[6] E-commerce in Southeast Asia - The e-commerce market in Southeast Asia is evolving towards a more mature and compliant structure, with a projected GMV of $128.4 billion in 2024, reflecting a 12% year-on-year growth[16] - Indonesia remains the largest market, accounting for 44% of the total GMV in Southeast Asia, although its growth rate slowed to 5% in 2024[17] - Content-driven e-commerce is emerging as a key growth driver, with live-streaming e-commerce expected to reach $17.6 billion in GMV, representing 14% of the total e-commerce market in the region[27] High-end Manufacturing: Power Batteries - Global demand for power batteries is expected to exceed 1 TWh in 2024, with electric vehicles contributing over 85% of this demand, reaching 950 GWh, a 25% increase year-on-year[29] - China's power battery production capacity is projected to grow by 41.49% in 2025, reaching 548.5 GWh, aligning closely with the sales of new energy vehicles[35] - The industry is transitioning from rapid expansion to a focus on quality and technological upgrades, driven by stricter regulations and self-discipline among leading companies[40] Hard Technology: Storage Prices - Storage prices are on the rise, with DDR4 and DDR5 prices increasing by 158% and 307% respectively since September 2025, leading to a contraction in transaction volumes[41] - The anticipated increase in smartphone and laptop costs due to rising storage prices is estimated to be around 5-7% in 2026, with potential impacts on demand[42] Health Sector: Small Nucleic Acids - The global market for RNAi therapies is projected to grow from $3.459 billion in 2024 to $25.195 billion by 2030, with a CAGR of 39.2%[49] - Over 20 small nucleic acid drugs have been approved globally, with nearly 170 projects in clinical stages, indicating a robust pipeline in oncology and chronic disease treatment[49]

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源：企业公告 11月20日，韩国动力电池制造商SK On与中国亿纬锂能先后发布 公告 ， 将通过股权置换方式调整双方在中国的两 家合资电池公司结构。 具体来看，亿纬将其通过子公司持有的SK新能源（江苏） (SKOJ) 30%股权，与SK On持有的惠州亿纬集能49%股 权进行互换。 双方将依据各自资产估值差额进行现金补偿。交易预计将于2026年2月28日完成交割。 -广告- 置换后，亿纬动力香港不再持有SK新能源的股权 ， 同时亿纬动力持有的亿纬集能股权由51%增加到55.2%，亿纬 动力香港持有亿纬集能44.8%股权，公司间接持有亿纬集能100%的股权。 资料显示， 亿纬集能 成立于2018年6月，注册资本41.54亿元，法定代表人刘金成，经营范围包含汽车用锂离子软 包电池（固态锂电池及金属锂电池除外）及汽车用锂离子软包电池模组（固态锂电池及金属锂电池除外）的生产、 加工、销售、研发、售后服务和储能电池的生产、加工、销售、研发、售后服务，汽车用锂离子软包电池材料的加 工、销售、研发，国内贸易，货物或技术进出口， ...

Core Insights - The 10th International Summit on Power Battery Applications (CBIS 2025) held in Shanghai focused on the theme of "The New Era of Global Supply Chain Regionalization," attracting major industry players like Yiwei Lithium Energy, Ganfeng Lithium, and others [1] - Innovation is identified as the core driving force for the development of the new energy battery industry, with ongoing breakthroughs in solid-state battery technology and a focus on addressing resource constraints, safety challenges, and cost pressures [2] Industry Challenges - The power battery industry faces multiple challenges including performance, cost, safety, and environmental concerns [2] - The high lifecycle cost of power batteries in electric vehicles is a significant issue, necessitating continuous cost reduction for healthy industry development [2] - The ultimate safety concerns, particularly regarding thermal runaway incidents, are critical pain points that need to be addressed [2] Solid-State Battery Development - The release of the "2025 China Solid-State Battery Industry Development White Paper" indicates a stable growth trend in global solid-state battery shipments, projected to reach 6.8 GWh in 2024, a year-on-year increase of over 280% [3] - Breakthroughs in material technology are essential for the development of solid-state batteries, with significant advancements in sulfide electrolyte materials already achieved [3] - Ganfeng Lithium has established pilot lines for solid-state batteries, targeting energy densities above 450 Wh for applications in high-end sectors [3] Manufacturing and Ecosystem Collaboration - The transition of solid-state batteries from laboratory to production is challenging, requiring stable systems and advanced manufacturing processes [4] - Experts emphasize the importance of ecological collaboration alongside technological breakthroughs, as the industry evolves from single automotive applications to multi-scenario energy carriers [5] - Continuous micro-innovations in safety, cost reduction, and efficiency improvements are deemed more critical than the hype surrounding solid-state batteries [5] Global Market Position - Chinese battery companies have transitioned from being followers to strong competitors in the global market, with a shift in focus from cost and speed to product quality, supply chain resilience, and carbon footprint management [6] - The overall capacity of the new energy battery industry is increasing, leading downstream customers to prioritize cost and quality, making lean manufacturing a focal point [6]

智通财经APP讯，宁德时代(300750.SZ)公告，公司股东黄世霖先生询价转让已实施完毕，询价转让股份 数量为4563.24万股，占公司总股本的1.00%;询价转让的价格为376.12元/股，交易金额171.63亿元。本次 权益变动后，出让方及其一致行动人持股比例由10.29%下降至9.29%，其权益变动触及5%的整数倍。 ...

Core Viewpoint - Guoxuan High-Tech reported a significant increase in net profit for the first three quarters, driven by strong growth in the power battery sector and ongoing investments in solid-state battery technology [1] Financial Performance - The net profit attributable to shareholders for the first three quarters reached 2.533 billion yuan, representing a year-on-year increase of 514.35% [1] - In Q3 alone, the net profit attributable to shareholders was 2.167 billion yuan, showing a quarter-on-quarter increase of 714.52% [1] Business Growth Drivers - The growth in power battery shipments is attributed to three main factors: 1. Successful onboarding of new customers, providing new business growth points [1] 2. Continuous optimization of product structure, with a significant increase in the proportion of mid-to-high-end passenger vehicles and a substantial rise in commercial vehicle shipments, particularly in the heavy truck sector [1] 3. Steady increase in the single-vehicle energy capacity of new energy vehicles, further driving overall growth in power battery shipments [1] Capacity and R&D Investment - The company is expanding its production capacity to meet market demand and is increasing its R&D investment, with progress in various projects [1] Market Position and Valuation - The company has a clear first-mover advantage in its globalized full industry chain layout [1] - Benefiting from the explosive demand in the energy storage business, the revenue is expected to maintain high growth [1] - Based on comparable company valuations, a target price of 55.49 yuan is set, with a 34x PE for 2026, maintaining a "recommended" rating [1]

Core Insights - The keynote speech at the 10th International Summit on Power Battery Applications highlighted the "two fires" phenomenon in the power battery industry, emphasizing the need for caution against speculative trends and the importance of innovation and capital interaction [1][3][5] Group 1: Current Industry Status - China's power battery industry holds over 67% of the global market share, showcasing a complete industrial chain and leading technology, currently transitioning from scale expansion to high-quality development [3][6] - From January to September 2025, China's lithium battery sales reached 1067.2 GWh, reflecting a year-on-year growth of 55.8%, indicating strong market demand and robust supply capacity [6] Group 2: Key Drivers of Industry Leadership - The success of China's power battery industry is attributed to five key factors: policy guidance, market drive, supply chain integration, innovation support, and capital assistance [7][8] - National subsidies, amounting to approximately 200 billion yuan by 2021, played a guiding role, but the market's driving force became evident as subsidies began to decline [7] Group 3: Core Challenges Facing the Industry - The industry faces three main challenges: safety, cost reduction, and efficiency [9] - Safety concerns are critical, as incidents involving electric vehicles have raised public awareness and consumer apprehension [5][10] - Cost control is essential for achieving scalable profitability, with traditional cost-cutting methods becoming less effective [12][13] Group 4: Innovation and Technological Solutions - Incremental innovations, such as high-quality nanocellulose materials and new cooling liquids, are crucial for addressing safety issues within the industry [11][10] - The application of green technologies, like infrared heating, can significantly reduce energy consumption and enhance production efficiency [14] Group 5: The Role of Capital - Embracing capital is vital for innovation, with the capital market playing a significant role in the development of the power battery industry [8][19] - The industry must guide capital towards areas that require support, avoiding misallocation of resources [20][21] Group 6: Caution Against Speculation - There is a warning against the excessive speculation surrounding solid-state batteries, which may not reach large-scale commercialization for another 5 to 8 years [17][18] - The industry should not rely solely on solid-state batteries to solve safety issues, as manufacturing defects can lead to failures across all battery types [18]

有分析认为，作为"十五五"规划锚定的未来产业，低空经济正处于从试点示范迈向系统化、规模化跃升 的关键窗口期。"'海空一体低空经济解决方案'意味着，宁德时代的电池产品从乘用车、商用车、电动 船舶到低空航空领域。"动力电池行业分析师李德表示，通过构建"海陆空全域覆盖"的零碳立体交通生 态，并与储能、零碳、电池回收等领域形成协同，中国动力电池企业有望开辟出更广泛的市场增长空 间。 来源：中国青年报客户端 11月22日，以"零碳水上机场+eVTOL航空器"为创新组合的"海空一体低空经济解决方案"正式发布。 （峰飞航空科技供图） 中国青年报客户端讯（中青报·中青网记者 王京辉）11月22日，宁德时代生态企业峰飞航空科技在江苏 昆山发布全球首个"海空一体低空经济解决方案"，以"零碳水上机场+eVTOL航空器"的创新组合，首次 将低空基础设施延伸至广阔水域，实现了基础设施与应用场景的跨越式突破。 据了解，这一全球首创的解决方案由"零碳水上机场"与"eVTOL航空器"协同构成，还配备光储充能源保 障及智能调度系统，不仅解决了传统低空基础设施"选址难、部署慢、运维重"的行业痛点，更通过灵活 部署于江河湖海，大幅提升效率并降低综 ...