固态电池行业深度报告解读 20250625 摘要 固态电池相较于传统液态锂电池在能量密度、安全性和温度适应性方面 具有显著优势，尤其在高能量密度方面，高端路线有望提升至 400 甚至 500 瓦时每公斤，更适合低空经济、人形机器人等复杂应用场景。 中国固态电池产业链企业已超过 280 家，总体产能规划超过 450GWh，实际投产超过 25GWh。半固态技术已具备较强规模化能力， 全固态技术正在快速进行规模化，但实现装车仍需时间，设备商在加工 难度提升的背景下具备明显优势。 近期发布的深度报告"动力源打造固态发展新引擎"指出，AI 赋能新场 景将带来千亿增量市场，高功率领域如飞行器储能、前端机器人将成为 快速增长板块，原材料和应用端不存在绝对瓶颈，关键在于工程量产。 半固态技术路线作为液态与固态之间的折中方案，兼具传统液态工艺设 备优势，并可节约 34%的成本，同时在 pack 层面节约 9%的成本，有 望率先实现产业化，成为未来产业发展的重要方向。 新国标将于 2026 年 7 月 1 日实施，对热扩散、底部撞击与快速循环的 安全性提出高要求，推动整车企业及锂电企业加速迭代，或将倒逼产业 链加速发展，以满足消 ...

Core Viewpoint - The solid-state battery technology is gaining significant attention as a next-generation energy storage solution, with Shenzhen making notable advancements in both technology and product development, achieving breakthroughs in safety, energy density, and performance stability [1][2]. Group 1: Industry Developments - Shenzhen's solid-state battery sector is increasingly comprehensive, focusing on material research and process optimization while fostering close collaboration across the supply chain, including material manufacturers, equipment suppliers, and end-users [2]. - In the past year, 16 new solid-state battery products were launched, with Shenzhen's Xinjie Energy and BAK Battery standing out for their innovative achievements [2]. - Xinjie Energy's "Falcon" lithium metal solid-state battery boasts a high energy density of 480Wh/kg, marking a significant breakthrough in the aviation sector [2]. - BAK Battery's semi-solid-state battery is undergoing testing in various markets, including electric vehicles and consumer electronics, with market expansion imminent [2]. Group 2: Strategic Collaborations - Shenzhen Haimeixing and Xinjie Energy signed a strategic cooperation agreement to enhance equipment development and market promotion over the next five years, strengthening the solid-state battery supply chain [3]. - Xinjie Energy is focusing on low-altitude flying vehicles as a primary application scenario, developing two generations of aviation battery products with energy densities of 320Wh/kg and 380Wh/kg [3]. - Xinjie Energy aims to achieve a solid-state battery energy density breakthrough of 700Wh/kg by 2027 and plans to establish a 1GWh production line by 2026 [3]. Group 3: Material Innovations - Shenzhen Betterray is advancing in multiple solid-state battery technology routes, achieving significant milestones in the commercialization of solid-state battery materials, including the large-scale shipment of LATP solid electrolytes [4]. - Betterray's innovative modification of high-nickel cathode materials using LATP has significantly enhanced performance metrics such as rate capability and thermal stability [4]. Group 4: Export Performance - Shenzhen is accelerating the development of a world-class automotive city, forming a collaborative industrial ecosystem led by key enterprises [5]. - In 2024, Shenzhen's exports of "new three samples" (electric vehicles, lithium batteries, and solar photovoltaic products) reached 99.69 billion yuan, a growth of 11.5%, with lithium battery exports alone amounting to 65.12 billion yuan [5]. - The first quarter of 2024 saw lithium battery exports totaling 15.66 billion yuan, indicating strong market demand [5]. Group 5: International Expansion Efforts - In April 2023, Shenzhen's Development and Reform Commission, along with the Battery Industry Association, led a delegation of over ten companies to Malaysia to explore market opportunities and establish new partnerships in the renewable energy sector [6].