【蜂巢能源发布全球最大电量插混电池】智通财经1月13日电，蜂巢能源第六届电池日1月13日在常州召 开。电池日现场，蜂巢能源针对全球家庭用车向大五/六座进阶带来的"大电量插混"需求推出了全球最 大电量80 kWh插混电池包堡垒2.0。该电池包采用系统高度集成技术，体积利用率和系统能量密度提升 6%。电芯方面引入超充石墨技术，支持峰值6C快充，可在10分钟内完成10%-80%充电。 转自：智通财经 ...

1月13日，蜂巢能源在第六届电池日上发布了搭载全球首创固态电解质隔膜转印技术的半固态电池体 系。 此外，依托仿形梯度热压工艺，固态涂层可紧密贴合极片，并与现有液态产线100%兼容，无需新增产 线即可量产。电芯自产热温度提升8℃，热失控起始温度提升5℃，整体热安全缓冲时间增加10%，热失 控概率下降25%。 据蜂巢能源介绍，该体系面向三元体系的安全痛点，其自研极性变换固态电解质隔膜使离子电导率提升 10%以上，200℃热收缩率下降20%，增强了高温安全性。 ...

Core Viewpoint - The Ministry of Finance and the State Taxation Administration announced the adjustment of export tax rebate policies for photovoltaic and related products, effective April 1, 2026, which includes the cancellation of VAT export rebates for photovoltaic products and a reduction in the export tax rebate rate for battery products [1][4]. Summary by Categories Export Tax Rebate Policy Changes - From April 1, 2026, the VAT export tax rebate for photovoltaic products will be canceled [1][5]. - The export tax rebate rate for battery products will be reduced from 9% to 6% from April 1, 2026, until December 31, 2026, and will be completely canceled starting January 1, 2027 [4][5]. Products Affected - The announcement includes 18 pesticide-related products, such as glyphosate, acetochlor, and flufenacet, which will also be affected by the changes in export tax rebate policies [1][3]. - A detailed list of products subject to the changes is provided in the attachments, specifying the product codes and names along with their respective tax rates [5][6]. Consumption Tax Policy - The export consumption tax policy for the affected products will remain unchanged, continuing to apply the existing consumption tax rebate (exemption) policies [5].

Group 1 - The core viewpoint of the article emphasizes the explosive growth of the large cylindrical battery and all-tab technology market by 2025, with a projected increase in China's cylindrical battery shipments exceeding 15%, and large cylindrical batteries growing over 40% [3] - Major companies in the large cylindrical battery sector, such as EVE Energy, Molicel, and Penghui Energy, are expected to face supply shortages due to high demand, indicating a robust market outlook for 2026 [3] - The article highlights the rapid adoption of large cylindrical battery products in various applications, including lightweight power, electric two- and three-wheelers, portable and home energy storage, and automotive power [3] Group 2 - The event, organized by Qidian Lithium Battery and Qidian Research Institute (SPIR), aims to discuss cutting-edge technologies, processes, and materials related to cylindrical batteries, showcasing the industry's competitive landscape through a comprehensive ranking of the top 20 companies [3][6] - The agenda includes sessions on high-power cylindrical battery technology, innovations in household and portable energy storage, and the development trends of automotive-grade large cylindrical batteries [7][8] - The forum will feature discussions on the balance between cost and performance in new materials and processes, as well as the competitive speed of industrialization for new materials in large cylindrical batteries [8]

Core Viewpoint - The article highlights Guoxuan High-Tech's strategic moves in response to the recovery of material prices, focusing on securing supply contracts and expanding upstream operations in the battery materials sector [3][4]. Group 1: Upstream Expansion and Supply Contracts - Guoxuan High-Tech signed a supply agreement with Nord for 2026, amounting to approximately 1.8 billion yuan, marking a long-term partnership that began in 2010 [3]. - The company has initiated two material projects in Lujiang, including a 200,000-ton annual production capacity for cathode materials and a ton-level silicon-carbon anode material project, reinforcing its supply chain [5]. - The Lujiang facility has seen over 10 billion yuan in investments over the past decade, creating a closed-loop industry chain from materials to recycling [5]. Group 2: Strategic Focus on Cathode and Anode Materials - Guoxuan is enhancing its cathode material capacity with a focus on fourth-generation lithium iron phosphate production lines, which can also accommodate next-generation products [7]. - The company is targeting silicon-carbon materials for anodes, which are seen as a promising option for next-generation battery technology, despite existing challenges like volume expansion [8]. - The dual strategy of solidifying the basic material supply while exploring new markets positions Guoxuan favorably in the competitive landscape [8]. Group 3: Steady Development in Power Batteries and Energy Storage - The company is maintaining stability in its power battery segment while increasing focus on energy storage, which is experiencing a surge in demand [10]. - Guoxuan's revenue for the first three quarters of 2025 reached approximately 29.5 billion yuan, a year-on-year increase of about 17%, with net profit soaring by approximately 514% [11]. - The partnership with Volkswagen, which began in 2020, is expected to yield significant profits as Guoxuan will deliver standard battery cells from 2026 to 2032 [12]. Group 4: Energy Storage Business Development - Although energy storage is not yet a major pillar for Guoxuan, it has a well-rounded product matrix covering various sectors, contributing to a 23.52% revenue share from energy storage systems [13]. - The company has launched the Qianyuan Smart Storage System and portable storage products that have gained attention in overseas markets [14]. - Guoxuan's Slovak factory is set to produce both lithium iron phosphate power batteries and energy storage batteries, enhancing its scale and market reach [15].

Report Summary Report Industry Investment Rating No specific industry investment rating is provided in the reports. Core Viewpoints - The lithium price continues to rise significantly, driven by the adjustment of tax policies. The expected "rush to export" during the policy transition period boosts demand in the traditional off - season, and the lithium price is still in an upward channel, but there is a risk of callback if the price increase is passed on to downstream [1]. - For the on - site options, considering the limited strike price of call options and high volatility premium, one can use buying in - the - money call options for long - hedging or bull call spread combinations to protect part of the upside space and reduce costs [2]. - For off - site options, customers with long positions planning to gradually reduce their positions can consider arranging Phoenix Knock - out Put Options with a moderate cycle and a wide range to seize the opportunity to reduce positions at high prices and gain additional income in a wide - range volatile market [3]. Summary by Related Content Lithium Market - The lithium carbonate futures market performs strongly. As of the mid - day close on January 13, 2026, the main 2605 contract is reported at 170,200 yuan/ton, up 9.51%. The rise is mainly driven by the adjustment of the battery product's VAT export refund rate from 9% to 6 from April 1 to December 31, 2026, and the planned full cancellation on January 1, 2027 [1]. - In the context of rising raw material prices, the cost of various types of battery cells has generally increased by 15% - 20% in the past two months. The "rush to export" behavior is expected to boost demand in the traditional off - season, and the lithium price is in an upward channel, with the short - term high affected by long - profit - taking [1]. - If the price increase in the industrial chain is successfully passed on to the downstream, it may suppress terminal demand and bring a callback risk [1]. On - site Options Given the limited strike price of call options and high volatility premium, one can use buying in - the - money call options for long - hedging or bull call spread combinations to protect part of the upside space and reduce costs [2]. Off - site Options Customers with long positions planning to gradually reduce their positions can consider arranging Phoenix Knock - out Put Options with a moderate cycle and a wide range to seize the opportunity to reduce positions at high prices and gain additional income in a wide - range volatile market [3].

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300477 | ST台纵 | 2.88 | 7.06% | 123.83万 | 3.41亿 | | 920809 | 安达科技 | 7.76 | 6.30% | 66.82万 | 5.15亿 | | 300390 | 天华新能 | 54.85 | 3.69% | 68.02万 | 37.58亿 | | 688778 | 厦钨新能 | 86.91 | 3.12% | 6 9.24万 | 7.96亿 | | 920252 | 天宏锂电 | 32.90 | 3.10% | 13.30万 | 4.39亿 | | 688353 | 保盛锂电 | 110.98 | 2.83% | 12.93万 | 14.43亿 | | 300128 | 锦富技术 | 7.87 | 2.34% | 94.46万 | 7.50亿 | | 920237 | 力佳科技 | 26.25 | 2.06% | 4.71万 | 1.23亿 | | 001301 | 尚太科技 | 4 84. ...

Core Viewpoint - The company, Haopeng Technology, anticipates significant growth in revenue and net profit for the year 2025, driven by its "All in AI" strategy and advancements in AI hardware applications [1][2]. Financial Performance - The projected revenue for 2025 is between 5.7 billion to 6 billion yuan, representing a year-on-year growth of 11.58% to 17.45% [1]. - The net profit attributable to shareholders is expected to be between 195 million to 220 million yuan, showing a substantial increase of 113.69% to 141.09% [1]. - The net profit after excluding non-recurring gains and losses is forecasted to be between 180 million to 205 million yuan, indicating a growth of 141.88% to 175.47% [1]. - Basic earnings per share are projected to be between 2.38 yuan to 2.68 yuan [1]. Strategic Initiatives - The company is committed to its "All in AI" strategy, focusing on AI hardware applications and enhancing battery technology to capture opportunities in the AI consumer electronics market [1][2]. - A new employee stock ownership plan has been implemented to align core technical and management personnel with the company's long-term development, incurring a share-based payment expense of approximately 32 million yuan [2]. - The core business strategy targets Fortune 500 companies and leading brands in niche markets, providing comprehensive new energy solutions [2]. Operational Enhancements - The company has completed the strategic development of the Tonghu R&D base, creating an integrated manufacturing hub that supports global brand clients' explosive demand for AI terminal energy upgrades [3]. - An overseas production base has been established to enhance integration into the global supply chain, improving responsiveness to customer delivery needs and increasing risk resilience [3]. Capital Raising and Investment - The company plans to raise up to 800 million yuan through a private placement to fund energy storage battery projects and steel shell laminated lithium battery projects [3]. - The implementation of these projects aims to build a product matrix covering energy storage and AI consumer products, enhancing the company's technological capabilities in the lithium battery sector [3]. - The company seeks to leverage capital market advantages to strengthen its financial position and expand its market coverage, promoting high-quality business development [3].

Core Insights - The research team from the Hefei Institute of Physical Science has made significant advancements in the development of sodium-ion battery cathode materials, specifically sodium vanadium manganese phosphate (Na4MnV(PO4)3, NMVP), enhancing sodium ion transport and cycle stability through a multi-scale modification strategy [1][3] Group 1: Research Achievements - The NMVP material is promising due to its three-dimensional open framework, high operating voltage, and good structural stability, although it faces challenges such as low intrinsic electronic conductivity and Jahn-Teller distortion during charge-discharge cycles [1][3] - The team introduced high-valence, small-radius Mo6+ ions at the vanadium sites to enhance the Mn-O bond strength and suppress Jahn-Teller distortion, while also reducing the bandgap to improve electronic conductivity [3] Group 2: Performance Metrics - The modified Na3.91MnV0.97Mo0.03(PO4)3@Al2O3 (NMVMP@Al2O3) achieved an initial discharge capacity of 99.3 mAhg-1 at a rate of 0.1 C, maintaining a capacity retention of 84.5% after 3000 cycles at a high rate of 10 C, significantly outperforming unmodified materials and other reported NASICON-type cathodes [3] - The volume change during charge-discharge processes for the modified material was only 3.66%, indicating high structural reversibility and stability [3]

Group 1 - Sichuan plans to enhance the Beidou satellite navigation positioning reference station network to improve service coverage and accuracy, supporting applications in e-commerce, logistics, precision agriculture, platform economy, and intelligent connected vehicles [1] - The Ministry of Commerce emphasizes expanding pilot programs for value-added telecommunications and foreign-funded hospitals during the 14th Five-Year Plan, aiming for greater openness in service sectors [2][8] - The Ministry of Industry and Information Technology (MIIT) has issued an action plan for the high-quality development of industrial internet platforms from 2026 to 2028, targeting over 450 influential platforms and connecting more than 120 million industrial devices by 2028 [3][6] Group 2 - Jiangsu's "Artificial Intelligence+" action plan aims to enhance biopharmaceutical R&D capabilities by promoting AI applications in drug target screening and molecular design, and establishing a public service platform for small and medium enterprises [4] - The plan also supports the development of an "one-person company" (OPC) model in AI innovation and entrepreneurship, focusing on creating a technology and service system driven by model and data services [5] - By 2030, Jiangsu aims for a 90% penetration rate of intelligent applications and an AI industry scale exceeding 1 trillion yuan, positioning intelligent economy as a key growth driver [7][8] Group 3 - A research team from the Chinese Academy of Sciences has made significant progress in the development of high-performance sodium-ion battery cathode materials, achieving rapid sodium ion transport and excellent cycling stability through a multi-scale modification strategy [9]