成为电动重卡替代核心催化剂 高油价倒逼下，重卡电动化提速，动力电池迎来新的增量战场 2026 年开年以来，动力电池行业的竞争重心正从乘用车赛道加速向商用车领域延伸，电动重卡凭借突出的增长潜力，成为头部电池企业争相布局的核 心增量市场。 从宁德时代推出天行 II 轻商全场景定制化解决方案，亿纬锂能与徐工集团深化新能源重卡战略合作，到国轩高科签下500台电动重卡电池配套订单，行 业头部企业动作频频。 与此同时，2026 年油价持续高位运行，进一步放大了电动重卡的运营成本优势，叠加技术迭代、政策优化与应用场景拓展，动力电池企业布局电动重 卡的战略价值持续凸显。 油价高位坚挺 2026 年以来，国内外成品油价格始终高位震荡、走势坚挺，成为拉动电动重卡渗透率提升的关键外部动力。 受美以伊冲突、霍尔木兹海峡运输受阻等地缘政治因素影响，全球原油供应承压，高盛已将 2026 年布伦特原油全年均价预测从77美元/桶上调至85美 元/ 桶。 国内市场方面，据国家发改委最新消息，3月23日24时国内汽柴油价格大幅上调，0号柴油从7.28元/升涨至8.24元/升。叠加国内复工复产带动物流需 求回升，成品油市场紧张格局进一步加剧。 对 ...

Core Insights - The company aims to make lithium-ion batteries more economical in the next 2 to 3 years, focusing on technological innovations that address real operational pain points in the new energy light commercial vehicle sector [1][4] - The electric logistics market, particularly intercity freight, presents a significant opportunity, with current electrification rates below 12% despite over 45% of light trucks being used for this purpose [1][2] Technological Innovations - The company has developed a hybrid battery system that balances energy density between lithium iron phosphate and ternary lithium batteries, achieving 800 km of real-world range while keeping cost increases minimal [2] - The newly launched sodium-ion battery, with a capacity of 45 kWh, retains over 92% usable capacity at -20°C and can be charged even after being frozen at -30°C, addressing low-temperature operation challenges [2][3] Market Opportunities - The domestic market for new energy light commercial vehicles is projected to exceed 900,000 units by 2026, indicating a major opportunity for large-scale electrification [4] - The company plans to establish 3,000 battery swap stations by the end of 2026, enhancing the infrastructure needed for electric logistics [5] Competitive Landscape - The competition in the new energy commercial vehicle battery market is intensifying, with second-tier battery manufacturers gaining market share as main manufacturers seek cost-effective solutions [6] - The company emphasizes value competition over price competition, focusing on transforming cutting-edge technology into practical, replicable solutions for users [6] Strategic Goals - The company aims to achieve cost parity between sodium-ion and lithium-ion batteries within 2 to 3 years, while also enhancing the energy density of sodium batteries to match current lithium iron phosphate levels [3] - The company is committed to providing a comprehensive value system for users, including battery health transparency and lifecycle management to enhance the resale value of electric vehicles [3][5]