（记者 胡玲） 每经AI快讯，有投资者在投资者互动平台提问：公司暂缓相关项目后，资金和精力得到释放，后续在 固态电池关键材料（如固态电解质、硅碳负极等）的研发落地、客户合作拓展上，有没有新的进展或计 划可以分享？这些进展对公司长期发展有何重要意义？ 道氏技术（300409.SZ）9月24日在投资者互动平台表示，为顺应新能源行业技术发展的趋势，把握行业 发展机遇，公司经综合权衡，决定暂缓相关项目，将进一步聚焦于固态电池材料与AI算力两大核心战 略业务，依托公司在实体产业多年的经验，融合原子级计算技术的成果，赋能材料创新与研发，全力推 进单壁碳纳米管、硅碳负极、固态电解质、金属锂负极等固态电池关键材料的研发与产业化，提升公司 综合竞争力。目前，公司单壁碳纳米管的产能扩建正在有序推进，我们有信心在2026年第一季度实现50 吨/年产能，接下来一年内完成120吨/年产能建设，以更快满足下游高端领域对国产单壁碳纳米管的需 求。随着产能的释放，公司单壁碳纳米管生产成本将进一步下降，从而提高利润空间与市场竞争力。 ...

Core Viewpoint - The solid-state battery anode materials are primarily silicon-based and lithium metal anodes, with silicon-based anodes currently advancing faster in industrialization. The development of lithium metal anodes is slower compared to silicon-based anodes. Solid-state electrolytes offer wider electrochemical windows and higher chemical stability, which can effectively suppress lithium dendrite formation, indicating a short to medium-term trend towards silicon-based anodes in solid-state batteries, with future iterations expected for lithium metal anodes [2][10]. Summary by Sections Anode Materials Overview - The main types of solid-state battery anode materials are silicon-based and lithium metal anodes, with silicon-based anodes showing faster industrialization progress. Lithium metal anodes have high capacity and low electrochemical potential, potentially achieving energy densities above 400 Wh/kg when paired with suitable battery designs [2][10]. Advantages and Disadvantages of Anode Materials - **Graphite**: Good stability and long cycle life, but low energy density and weak fast charging capabilities [3]. - **Silicon-based Anodes**: High energy density and abundant resources, but significant volume expansion, short cycle life, and high costs [3]. - **Metal Aluminum**: High energy density and fast charging advantages, but can produce lithium dendrites [3]. Current Trends in Silicon-based Anodes - Silicon-carbon anodes are currently the preferred choice for solid-state batteries, offering high energy density, safety, and system compatibility. With over 30% silicon content in solid-state batteries, energy density can exceed 500 Wh/kg [5][6]. Safety and Compatibility - Silicon-based anodes have a lower lithium embedding potential of approximately 0.5V, reducing the likelihood of lithium plating during fast charging and preventing dendrite penetration that could cause short circuits. The mechanical modulus of solid electrolytes can buffer the volume changes of silicon-based materials, reducing interfacial resistance and enhancing battery performance [6]. Industry Players and Developments - Numerous companies are emerging in the silicon-based anode market, including established players like BetterRay, Sanyuan, and Puli, which have rapid verification and marketization speeds. New entrants like Tianmu Xian Dao and He Chuang Energy are also making strides [6][7]. Industrialization Progress of Silicon-based Anodes - Companies like BetterRay and Sanyuan are advancing their production capabilities, with BetterRay expected to achieve mass supply by 2025 and Sanyuan completing trial production by the end of 2024. Other companies are also establishing production lines and expanding capacities [7][8]. Lithium Metal Anode Potential - Lithium metal anodes have significant potential in solid-state batteries due to their low density, low chemical potential, and high specific capacity. However, challenges such as lithium dendrite growth need to be addressed for commercial viability. Companies like Ganfeng Lithium and Ningde Times are already working on lithium metal anode-based solid-state batteries [10][11].

Core Viewpoint - The company has established a comprehensive layout for solid-state battery core materials, demonstrating significant technological advancements and competitive advantages in the industry [1]. Group 1: Solid-State Battery Materials - The company has developed a full material solution for solid-state batteries, including single-walled carbon nanotubes, high-nickel ternary precursors, lithium-rich manganese-based precursors, silicon-based anodes, solid electrolytes, and metallic lithium anodes [1]. - The performance of the company's single-walled carbon nanotube products is comparable to imported products in terms of purity, specific surface area, and G/D value, with superior viscosity and solid content metrics due to self-developed dispersants [1]. - The company has successfully overcome the challenge of scaling up the production of high-quality and low-cost single-walled carbon nanotubes, establishing a stable mass production technology [1]. Group 2: Silicon-Carbon Anodes - The company's new gas-phase silicon-carbon anode features a self-developed porous carbon matrix, which provides advantages such as high initial efficiency, low expansion, and long lifespan, placing it at an industry-leading level [1]. - The product layout for silicon-carbon anodes covers various fields, including consumer batteries, digital batteries, power batteries, and solid-state batteries [1]. Group 3: Solid Electrolytes - The company has achieved high ionic conductivity and good chemical compatibility with its sulfide and oxide electrolytes, which maintain high capacity and efficiency after multiple cycles, showcasing excellent rate performance and long cycle stability [1]. - Client feedback indicates that the performance metrics of the solid electrolytes are at an advanced level within the industry [1]. Group 4: Metallic Lithium Anodes - The company has innovatively adopted a slurry coating process similar to that used for lithium-ion battery anode sheets, moving away from traditional methods [1]. - This liquid-phase coating technology enables efficient production of ultra-thin lithium anodes, offering lower costs, strong adhesion to copper foil substrates, and superior electrochemical performance compared to other technologies [1].

道氏技术（300409.SZ）9月17日在投资者互动平台表示，公司已经与苏州能斯达电子科技有限公司及关 联参股公司广东芯培森技术有限公司签署了《战略合作协议》，三方将整合各自优势，围绕人形机器人 电子肌肉、电子皮肤和关节等关键零部件所需材料的研发与市场拓展等方面展开深度合作。公司已布局 的单壁碳纳米管、高镍三元前驱体、富锂锰基前驱体、硅基负极、固态电解质、金属锂负极等固态电池 核心材料在人形机器人领域都具有广阔的应用前景。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：您好！公司机器人新材料领域布局的如何，是否有跟 相关单位合作推进？谢谢！ ...

Core Viewpoint - The company, Daoshitechnology, is collaborating with Professor Li Jingze from the University of Electronic Science and Technology to advance the industrialization of metallic lithium anodes over a three-year research period [1] Company Summary - Daoshitechnology announced a partnership with a research team led by Professor Li Jingze, which includes over 20 members such as associate professors, postdoctoral researchers, and doctoral students [1] - Professor Li holds a PhD from the Chinese Academy of Sciences and has extensive research experience in Japan, joining the University of Electronic Science and Technology in 2007 [1] - He is recognized as a new century talent by the Ministry of Education and a candidate for the leading academic and technical talent in Sichuan Province, as well as a fellow of the Royal Society of Chemistry in the UK [1] - Professor Li has made original contributions in the field of lithium battery materials, indicating a strong potential for innovation in this collaboration [1]

Core Viewpoint - The lithium battery industry in China is undergoing a significant transformation characterized by a shift from irrational price competition to a more structured pricing system, driven by policy changes aimed at reducing excess capacity and demand slowdown [1][2]. Group 1: Price Dynamics - Lithium carbonate prices have surged, with futures contracts exceeding 68,000 yuan/ton, a notable increase from a low of under 59,000 yuan/ton in late June [1]. - The spot market for battery-grade lithium carbonate stabilized between 63,000 to 64,000 yuan/ton, reflecting a 2.3% week-on-week increase [1]. - The price rebound is influenced by rumors regarding regulatory scrutiny of mining companies, highlighting the sensitivity of supply dynamics in the current market [1][2]. Group 2: Supply and Demand Imbalance - Rising prices are incentivizing lithium salt producers to increase production, with weekly output growth nearing 4% [2]. - The automotive sector's "anti-involution" strategy is leading to reduced inventory accumulation and shorter payment terms, indicating weakened demand from automakers [2][3]. Group 3: Policy and Market Structure - Current policies do not signal large-scale consumer stimulus but focus on market-driven elimination of outdated production capacity, creating pressure on midstream battery and material manufacturers [3]. - The lithium industry in China is characterized by a high dependency on foreign resources (over 70%) while holding significant downstream processing capacity, leading to weak bargaining power for domestic companies [4]. Group 4: Strategic Shifts - Leading companies are transitioning from a focus on scale expansion to technology-driven strategies, with advancements in lithium metal production and next-generation battery materials [4][5]. - There are discussions among major lithium companies to establish a "lithium resource stabilization fund" aimed at curbing high-cost production and stabilizing prices through industry collaboration [5]. Group 5: Future Outlook - The current price increase may not signal the start of a new bull market but rather a reaction to ongoing structural changes in the industry, as the fundamental oversupply situation remains unaddressed [5]. - The market's future stability will depend on the success of these structural reforms rather than short-term supply-demand interactions [5].

Summary of Solid-State Battery Industry Conference Call Industry Overview - The solid-state battery industry is experiencing significant advancements in research and development, with mainstream battery companies actively pushing pilot production lines, expected to achieve gigawatt-hour capacity by the end of next year and small-scale production by 2027 [1][3][4]. Key Developments - The cost of sulfide solid electrolyte materials has significantly decreased, with the number of suppliers increasing, leading to self-synthesized costs dropping to a few thousand yuan per kilogram, providing a cost advantage for commercializing solid-state batteries [1][3]. - The number of equipment manufacturers has increased significantly, with domestic manufacturers developing core equipment, which reduces production costs and enhances competitiveness [1][3]. - Both dry and wet film formation processes are maturing, allowing for continuous production of solid-state cells, with technological breakthroughs exceeding expectations [1][3]. - The National 718 Project is accelerating the development of solid-state batteries, with strict acceptance standards and broad participation from companies, laying the foundation for large-scale applications [1][5]. Performance Metrics - The Ministry of Industry and Information Technology (MIIT) has set performance metrics for mid-term acceptance, with companies achieving energy densities of approximately 350 watt-hours per kilogram, indicating significant industry progress [1][6][7]. Challenges and Bottlenecks - The solid-state battery industry faces challenges in material costs and manufacturing processes, particularly with lithium sulfide, which is sensitive to environmental conditions [8]. - Manufacturing difficulties arise from the need for high-pressure forming to address interface issues and ensure product performance [8]. Future Trends - The solid-state battery market is expected to see a shift towards lithium metal anodes to enhance energy density, with potential advancements in vacuum coating technology to address interface issues [2][10][12]. - The industry anticipates achieving small-scale vehicle deployment by 2027 and large-scale applications around 2030, with ongoing evaluations of energy density improvements and safety performance [25]. Company-Specific Updates - Companies like CATL and BYD are making rapid progress in pilot line construction and process validation, while others like Geely are establishing relevant laboratories [14][15]. - CATL's ultra-low dew point pilot line has achieved continuous production, although specific gigawatt-hour capacity details remain unclear [15]. Conclusion - The solid-state battery industry is on a promising trajectory, with significant advancements in technology, cost reductions, and increased competition among suppliers. The upcoming years are critical for achieving production milestones and addressing existing challenges to ensure successful commercialization.

Core Viewpoint - The lithium industry in China is facing cyclical challenges, prompting leading companies Ganfeng Lithium and Tianqi Lithium to focus on next-generation battery technologies, particularly solid-state batteries with an emphasis on lithium sulfide and lithium metal anodes [2][8]. Group 1: Ganfeng Lithium's Strategy - Ganfeng Lithium emphasizes its vertical integration capabilities in the solid-state battery sector, covering the entire supply chain from lithium sulfide raw materials to battery systems [2]. - The company has achieved mass production capabilities for battery-grade lithium sulfide in 2022, with plans to scale production to hundreds of tons by 2024, offering a product purity of 99.9% and a particle size of less than 5 microns [2][3]. - Ganfeng Lithium's solid electrolyte technologies include sulfide, oxide, and polymer systems, with sulfide electrolytes achieving a conductivity of 3 mS/cm and oxide electrolytes reaching 1.7 mS/cm at room temperature [3]. - The company has a 4 GWh hybrid solid-liquid battery production line in Jiangxi and is expanding its lithium metal production capacity to 2,150 tons [3]. Group 2: Tianqi Lithium's Developments - Tianqi Lithium is also focusing on lithium sulfide and lithium metal for solid-state battery materials, having developed new battery-grade lithium sulfide products and completed the necessary industrialization processes [5]. - The company has a production capacity of 600 tons per year for lithium metal at its Chongqing facility and is working on a project to increase capacity to 1,000 tons [5]. Group 3: Market Demand and Growth Projections - The demand for lithium sulfide is projected to reach 13,000 tons by 2030, with a compound annual growth rate (CAGR) exceeding 250% from 2025 to 2030, driven by the anticipated growth in solid-state battery shipments [6]. - The demand for lithium metal anodes in solid-state batteries is expected to reach approximately 26,300 tons by 2030, with a market size of around 18.4 billion RMB and a CAGR exceeding 300% from 2024 to 2030 [6]. - Solid-state batteries using lithium metal anodes are estimated to require about 1,455 tons of lithium equivalent (LCE) per GWh, significantly higher than traditional lithium batteries [6]. Group 4: Industry Challenges and Strategic Shifts - Both Ganfeng and Tianqi Lithium faced severe operational challenges in 2024, with Tianqi reporting a 68% decline in revenue and a net loss of nearly 8 billion RMB, while Ganfeng experienced a 42% revenue drop and a net loss of approximately 2.1 billion RMB [7]. - The companies are shifting their strategies to explore new business areas and demonstrate growth potential, particularly in high-value solid-state battery materials, as traditional lithium resource management becomes less profitable [8].