海内外储能市场需求共振 "现在大容量储能电芯十分紧俏，部分企业的大容量储能电芯排单已经排到了2026年第一季度。"一位储 能行业从业人员向《证券日报》记者表示。 储能电芯"一芯难求"，是海内外市场共振的结果。一方面，海外大储需求正处于爆发状态；另一方面， 国内储能需求强劲。储能市场部分产品供应出现短缺，惠州亿纬锂能（300014）股份有限公司等上市公 司订单饱满，迎来新一轮市场机遇。 产业链上市公司各展所长 A股上市公司在储能产业链各环节深耕。在储能电池领域，惠州亿纬锂能股份有限公司处于全球领先水 平。该公司生产的储能电池服务的市场包括电力储能、工商业储能、户用储能、通信储能、数据中心备 电、船舶动力等。公司提供从电芯、模组、系统到电池管理系统全产品解决方案及用户侧储能智慧运营 服务。该公司相关负责人近日在交易所互动平台表示："我公司储能电池订单较为饱满，目前处于满产 状态。" 广州鹏辉能源（300438）科技股份有限公司今年上半年储能电芯出货量稳居全球企业前列。今年上半 年，该公司持续加强技术创新，推出590Ah/600+Ah大容量储能电芯产品，600+Ah电芯通过纳米盾技 术、凝胶阻燃电解液技术及蜂巢碳冷 ...

Core Viewpoint - EVE Energy aims to maintain its position as a "second-tier leader" in the lithium battery industry and effectively counter "black swan" events by proactively gathering funding sources [1][9][60] Group 1: IPO and Market Response - EVE Energy's announcement of its H-share IPO on the Hong Kong Stock Exchange did not receive a warm response from the capital market, unlike CATL [2][4] - Following the IPO announcement, EVE Energy's A-share price fell nearly 5% from 45.02 CNY to 42.78 CNY [3] - The muted market reaction is attributed to the slowdown in the lithium battery industry and investor concerns over the company's potential funding pressures [6] Group 2: Funding Needs and Global Expansion - The funds raised from the Hong Kong IPO are crucial for EVE Energy, described as a "lifeline" for the company [7] - EVE Energy plans to use the IPO proceeds for overseas factory construction, accelerating global capacity layout, and supplementing working capital [11] - The company has a cash balance of approximately 13.4 billion CNY, but its overseas projects require nearly 17.4 billion CNY, leaving a funding gap of about 4 billion CNY [19] Group 3: Customer Payment Challenges - EVE Energy's core business, power batteries, accounts for nearly 40% of its revenue, with automotive companies as its primary customers [25] - Following the IPO announcement, several automotive companies committed to reducing payment terms to within 60 days, highlighting a significant change in the supply chain [26] - The average accounts payable turnover days for domestic automakers is 171.6 days, significantly higher than the less than 60 days typical for Western brands [28] Group 4: Storage Battery Market and Competition - EVE Energy's storage battery revenue is projected to account for 39.14% of total revenue in 2024, with a shipment target of 50.45 GWh, making it the second-largest globally after CATL [36] - The U.S. market is a key target for EVE Energy, but changes in policy, such as the IRA, pose significant challenges for its downstream customers [38][39] - The bankruptcy of Powin, a major U.S. energy storage integrator and customer, raises concerns about future cooperation and payment uncertainties [40][43] Group 5: R&D Investment and Competitive Pressure - EVE Energy must invest heavily in R&D to keep pace with competitors, with R&D spending increasing from 700 million CNY to 2.942 billion CNY over the past five years [47] - The company plans to launch a pilot line for solid-state batteries by the end of this year, aiming for a 400 Wh/kg energy density by 2028, which lags behind competitors [49][55] - EVE Energy faces intense competition in large-capacity battery cells, with rivals rapidly advancing their technologies [56][58] Group 6: Overall Challenges and Future Outlook - EVE Energy is confronted with multiple challenges, including the need for funding for overseas expansion, risks in accounts receivable, difficulties in the storage market, and pressures from R&D investments [59] - The success of the Hong Kong IPO is critical not only for expanding financing channels but also for supporting overseas expansion and technological advancements [60]

出品 | 搜狐财经 作者 | 王泽红 储能电芯大容量之争，还在不断升级。 宁德时代314Ah电芯量产仅18个月，500Ah+、600Ah+甚至1000Ah+电芯也相继问世，这一点在ESIE 2025期间体现的淋漓尽致，300+Ah- 700+Ah电芯密集发布。 大容量电芯的发布或展示，成为今年展会的一大主流，瑞浦兰钧发布392Ah电芯，天合储能推出500Ah+电芯，远景动力发布530Ah储能 电芯，欣旺达、鹏辉能源带来600Ah+电芯，南都电源新推783Ah超大容量储能固态电池。 宁德时代展出587Ah大容量电芯，亿纬锂能展出314Ah、628Ah、648Ah电芯，比亚迪带来的是320Ah/340Ah储能厚刀电池、102Ah储能 电芯，国轩高科则为下一代588Ah、600Ah+产品。 容量竞速已呈白热化，储能企业以392Ah、587Ah为当前布局焦点，未来市场则瞄准600+Ah与700+Ah电芯，开启量产前奏，瑞浦兰钧声 称，392Ah电芯是行业内可望最快量产的大容量储能电芯，远景动力则预计700+Ah电芯将于2026年量产…… 从目前来看，量产时间表聚焦2025年，多数大容量电芯及配套系统计划于2025年下 ...

Core Points - The 9th International Energy Storage Innovation Competition received a total of 303 entries from various international and domestic entities in industry, academia, research, and application since its launch in October 2024 [1] - Out of these, 160 projects have advanced to the finals, categorized into six groups: Technical Innovation (57), Application Innovation (33), Outstanding Products (35), Patent Innovation (11), Soft Science Innovation (7), and New Enterprises + Unicorns (17) [1] Group Summaries Technical Innovation Group - The projects include various technologies such as electrochemical storage, physical storage, integrated control technologies, and energy safety systems [1] - Notable entries include a safety monitoring product from Siwei Energy, a high-efficiency battery storage integration technology from Jiangsu Trina Storage, and a new structure lithium-ion battery from BYD [9][10] Application Innovation Group - This group features projects like the energy storage microgrid from Siwei Energy and a 50MW sodium-ion storage project from CRRC Zhuzhou Electric Locomotive Research Institute [14][15] - Other significant projects include a user-side energy storage project from Guangdong New Juneng and a digital energy storage station project from Huadian [15][16] Outstanding Products Group - Entries include a new generation outdoor energy storage cabinet from Siwei Energy and a 3.44MWh box-type energy storage system from Zhejiang Wolong [19][20] - Other notable products are a high-pressure liquid-cooled energy storage system from Beijing Haibo and a smart energy management system from Anhui Youdan [20] Patent Innovation Group - This group includes patents for technologies such as a cooling system for battery cells from Jiangsu Trina Storage and a detection device for thermal runaway in large energy storage battery packs from Suzhou Jingkong [23] - Other patents cover various safety and control methods for energy storage systems [23] Soft Science Innovation Group - Projects focus on smart operation platforms for energy storage throughout their lifecycle and optimization strategies for energy storage stations to support regional green development [25] - Notable entries include an AI-based lifecycle operation platform from Hongzheng Energy and a smart energy management system from Guangzhou Penghui [25] New Enterprises + Unicorns Group - This group highlights emerging companies and innovative startups in the energy storage sector, showcasing their potential to disrupt the market with new technologies and solutions [1]