兴业证券指出，整车厂方面，国内外均预期2025-2026年密集路试，2027年逐渐量产。政策端，国内外 产业政策持续加码，国内国资委、工信部、发改委先后出台重大项目支持固态电池发展，明确25年底关 键节点。 据东风汽车研发总院消息，11月12日-15日，2025世界动力电池大会在四川宜宾国际会展中心举行。 东风汽车携新一代高比能固态电池和马赫超千伏纯电平台展品，以及多款自主品牌新能源车型亮相。东 风汽车表示，目前已建成0.2GWh固态电池中试线并投入使用，预计350Wh/kg固态电池将于2026年9月 正式量产上车，届时整车可实现1000公里续航。 *免责声明：文章内容仅供参考，不构成投资建议 东北证券表示，全固态电池生产设备单GWh产能对应的投资金额约是液态电池的2-3倍，价值量在4-6亿 元，部分环节设备价值量显著提升100%-200%。全固态电池的工艺可分为干法和湿法，干法较湿法在成 本、效率上均有提升。干法制膜在前段工序的干混、涂布、辊压和切片/制片设备变化较大，中段工序 中叠片和静压设备是技术核心。 *风险提示：股市有风险，入市需谨慎 相关公司中，欣旺达：子公司欣旺达动力科技股份有限公司与东风汽车集 ...

Group 1 - The carbon-neutral ETF Southern (159639) increased by 0.77%, with trading volume expanding rapidly. The index it tracks, the China Shanghai Environmental Exchange Carbon Neutral Index, rose by 0.50% [1] - Key constituent stocks such as Arctech (up 10.65%), Hangyang (up 7.12%), Sungrow (up 5.17%), Hunan Yueneng (up 4.20%), and Jiangxi Copper (up 4.17%) showed significant gains [1] - The Ministry of Ecology and Environment held a press conference on October 29, announcing the implementation of the first central document in China's carbon market, aimed at accelerating the construction of a national carbon market [1] Group 2 - Guotai Junan Securities highlighted the release of the "Energy Conservation and New Energy Vehicle Technology Roadmap 3.0," predicting high growth in domestic new energy vehicle sales by 2025, which will drive demand for batteries and materials [1] - The solid-state battery industry is progressing, with XINWANDA launching a new generation polymer all-solid-state battery with an energy density of 400 Wh/kg [1] - In the photovoltaic sector, the investment theme remains focused on "anti-involution," with expectations that domestic high-power modules will drive an increase in module prices [1] Group 3 - The National Development and Reform Commission's draft implementation plan for renewable energy consumption targets includes non-electric renewable energy, marking a shift towards multi-energy collaborative consumption [2] - This policy creates a regulatory market space for the green hydrogen, ammonia, and alcohol industries, enhancing the certainty and long-term expectations for industry development [2] - The carbon-neutral ETF Southern closely tracks the China Shanghai Environmental Exchange Carbon Neutral Index, which includes 100 listed companies with significant contributions to carbon neutrality [2]

Core Viewpoint - The solid-state battery industry is experiencing significant breakthroughs, with major companies increasing their investments and production capabilities, indicating that 2026 may be the year of mass production for solid-state batteries [1][2][4][8] Industry Developments - Recent advancements in solid-state battery technology include a new polymer electrolyte research breakthrough from Tsinghua University, achieving energy densities of 400Wh/kg to 500Wh/kg, compared to traditional liquid batteries' 200Wh/kg to 300Wh/kg [2] - The solid-state battery sector is receiving strong policy support, with key equipment for solid-state batteries being prioritized in national development plans [2][3] - Major companies like CATL and BYD are making significant progress in solid-state battery research and development, with improvements in energy density and safety [3][5] Company Highlights - Companies such as XINWANDA and Guoxuan High-Tech are actively investing in solid-state battery technology, with XINWANDA announcing a new polymer solid-state battery with an energy density of 400Wh/kg and plans for a pilot production line [4] - CATL has expanded its solid-state battery R&D team to 1,200 people, achieving a sample energy density of 450Wh/kg and planning to start pilot production in 2025 [5] - EVE Energy has launched its solid-state battery production base, with plans to achieve breakthroughs in production processes by 2026 [5] Market Trends - The solid-state battery market is expected to see explosive growth, with projections indicating a market size exceeding 300 billion yuan by 2027 and a compound annual growth rate of over 60% [6] - The A-share market is witnessing increased investor interest in solid-state battery stocks, with significant price increases for companies like EVE Energy and Shanghai Xiba [6][7] Investment Strategies - Investment strategies should focus on core segments of the solid-state battery supply chain, including solid electrolyte material development and battery manufacturing process improvements [8] - Long-term prospects for solid-state batteries remain strong, with ongoing technological advancements expected to enhance performance metrics [8]