记者26日从南开大学获悉，该校化学学院研究员赵庆，中国科学院院士、南开大学常务副校长陈军团 队，联合上海空间电源研究所研究员李永，打破锂电池延续两百年的"氧配位"传统，创新设计出氟配位 的新型电解液。该技术用氟原子取代氧原子溶解锂盐，大幅提升溶剂利用率，成功研制出能量密度高达 700瓦时/公斤的锂金属电池。更关键的是，新电池在-50℃的极寒环境中，仍能释放接近400瓦时/公斤的 高能量，为新能源汽车及极地探索等场景提供全新动力方案。相关研究成果发表在学术期刊《自然》 上。 通过进一步优化分子结构，团队厘清了该类电解液的设计原则和锂金属相容性规律。相比于传统基于 锂-氧配位的电解液体系，由于氟代烃溶剂浸润性好，利用率高，可显著降低电解液用量;同时锂与氟配 位更弱，在低温下可摆脱束缚，仍具有快速的电荷转移动力学。 长久以来，氧原子被认为是电解液溶剂中不可或缺的元素。如目前商用的锂电池电解液通常由锂盐和碳 酸酯类溶剂组成，锂与碳酸酯溶剂中氧的离子-偶极作用可促进锂盐的溶解。然而，这种溶剂浸润性 差，用量多，导致电池能量密度始终难以进一步提升;同时，强相互作用会阻碍电池中界面电荷转移， 限制低温性能，通常-50℃以下 ...

通过进一步优化分子结构，团队厘清了该类电解液的设计原则和锂金属相容性规律。相比于传统基于锂—氧配位的电解液体系，由于氟代烃溶剂浸润性 好，利用率高，可显著降低电解液用量；同时锂与氟配位更弱，在低温下可摆脱束缚，仍具有快速的电荷转移动力学。从而助力实现室温700瓦时/公斤超 高比能锂金属电池，同时在-50℃环境中，电池仍展现出接近400瓦时/公斤的高能量密度。 氟配位卤代烃电解液的设计思路。团队供图 赵庆介绍，通过氟配位实现锂盐溶解的关键是调控氟原子的电子密度和溶剂分子的空间位阻，新研发锂电池具有高比能、耐低温等优势。 "基于该电解液的高比能电池在新能源汽车、具身智能机器人、低空经济以及极寒地区和航空航天等领域具有广阔的应用潜力。"陈军说。 （文章来源：科技日报） 图为研发团队。李享摄 记者2月26日从南开大学获悉，该校化学学院研究员赵庆，中国科学院院士、南开大学常务副校长陈军团队，联合上海空间电源研究所研究员李永在《自 然》发表突破性成果。研究团队打破锂电池延续两百年的"氧配位"传统，创新设计出氟配位的新型电解液。该技术用氟原子取代氧原子溶解锂盐，大幅提 升溶剂利用率，成功研制出能量密度高达700瓦时/公斤的 ...

Report Overview - The report is the "Guotai Junan Futures Commodity Research Morning Report - Green Finance and New Energy" dated February 24, 2026, covering nickel, stainless steel, lithium carbonate, industrial silicon, and polysilicon [1][2]. Industry Investment Ratings - Not provided in the report. Core Views - Nickel: Speculative sentiment in Shanghai nickel remains, and continuous attention should be paid to the contradictions in nickel ore [2]. - Stainless steel: The cost - support center has moved up, but off - season inventory accumulation restricts its elasticity [2]. - Lithium carbonate: Supply and demand are tight, and the futures price has bottom support [2]. - Industrial silicon: Attention should be paid to the resumption rhythm of upstream factories [2]. - Polysilicon: The price of silicon wafers has declined [2]. Summary by Related Catalogs Nickel and Stainless Steel - **Fundamental Data**: The closing price of Shanghai nickel futures was 135,190, down 4,420 from the previous day; the closing price of stainless - steel futures was 13,860, down 110 from the previous day. Other data such as trading volume, spot prices, and spreads also changed to varying degrees [4]. - **Macro and Industry News**: Indonesia has suspended issuing new smelting licenses, plans to revise the benchmark price formula for nickel ores, and some mines are facing potential fines. There are also issues such as monopoly in port logistics in the IMIP park, and some overseas nickel mines plan to restart operations [4][5][6]. - **Trend Strength**: The trend strength of nickel and stainless steel is 0, indicating a neutral outlook [9]. Lithium Carbonate - **Fundamental Data**: The closing price of the 2605 contract was 152,640, up 3,220 from the previous day. Data on trading volume, open interest, basis, and prices of upstream and downstream products in the lithium - salt industry chain also showed corresponding changes [11]. - **Macro and Industry News**: Samsung SDI has made a breakthrough in lithium - metal batteries, and the construction project of Zijin Mining's solid - state battery lithium - new material has started [12][13]. - **Trend Strength**: The trend strength of lithium carbonate is 1, indicating a slightly bullish outlook [13]. Industrial Silicon and Polysilicon - **Fundamental Data**: The closing price of the Si2605 contract was 8,395 yuan/ton, up 60 from the previous day; the closing price of the PS2605 contract was 49,305 yuan/ton, up 290 from the previous day. There were changes in trading volume, open interest, basis, prices, and profits of related products, and the price of silicon wafers decreased [15]. - **Macro and Industry News**: China Pingmei Shenma Group, Longi Green Energy, and the Zambian government signed a cooperation memorandum for a 1000 - megawatt solar - power project [15][17]. - **Trend Strength**: The trend strength of industrial silicon and polysilicon is 0, indicating a neutral outlook [17].

Group 1: Report Title and General Information - The report is titled "Carbonate Lithium: Tight Supply and Demand, with Bottom Support on the Futures Market" and was released on February 24, 2026 [1] Group 2: Fundamental Data Summary - **Futures Contracts**: For the 2605 contract, the closing price was 152,640, with a change of 3,220 compared to T - 1; the trading volume was 300,191, down 4,607; and the open interest was 342,226, down 11,749. For the 2607 contract, the closing price was 153,000, up 3,600; the trading volume was 29,465, down 5,497; and the open interest was 90,394, up 95 [2] - **Warehouse Receipts**: The number of warehouse receipts was 38,759, up 1,477 [2] - **Basis**: The basis of spot - 2605 was - 8,890, down 1,970; spot - 2607 was - 9,250, down 2,350; 2605 - 2607 was - 360, down 380; electro - carbon - industrial carbon was 3,500, unchanged; spot - CIF was 19,521, up 1,250 [2] - **Raw Materials**: The price of lithium spodumene concentrate (6%, CIF China) was 2,000, unchanged; lithium mica (2.0% - 2.5%) was 4,640, up 65 [2] - **Lithium Salts and Related Products**: The price of battery - grade carbonate lithium was 143,750, up 1,250; industrial - grade carbonate lithium was 140,250, up 1,250; battery - grade lithium hydroxide (micropowder) was 144,000, up 1,000; and various types of lithium iron phosphate and ternary materials also had different price changes [2] Group 3: Macro and Industry News - Samsung SDI announced a breakthrough in extending the lifespan and improving the safety of lithium - metal batteries, jointly developing a fluorine - based gel polymer electrolyte with Columbia University to suppress dendrite formation [3] - On February 14, 2026, the Zijin Mining solid - state battery lithium - ion new material construction project, undertaken by China Construction Third Engineering Bureau Third Company, officially started in Shanghang County, Longyan City, Fujian Province [4] Group 4: Trend Intensity - The trend intensity of carbonate lithium is 1, indicating a "neutral" state as it falls within the [-2, 2] integer range [4]

NO.1 国家能源局：加大氢能、固态电池、先进核电、海洋能等前沿技术研发应用 国家能源局今日官微消息，国家能源局规划司司长任育之表示，科技创新为新质生产力发展注入更强动 能。从国际看，世界主要国家加强能源科技战略布局，能源科技创新进入密集活跃期，各国加大氢能、 固态电池、先进核电、海洋能等前沿技术研发应用，人工智能成为重塑国际能源格局的新变量，有望驱 动能源生产、传输和消费方式系统性变革。 NO.2 我国民用在轨遥感卫星数量稳居世界第二 据新华社报道，近日中国地理信息产业协会透露，2025年，我国发射遥感卫星120余颗，民用在轨遥感 卫星超过640颗，继续稳居世界第二。这些卫星覆盖光学、高光谱、红外及微波类型，已实现全天候、 全天时对地观测。商业遥感卫星持续快速发展。遥感卫星在技术突破、星座组网和应用拓展方面取得显 著进展。 NO.5 摩根大通：预估2026年铜市将出现13万吨供应缺口，2027年将转为温和过剩 2月23日，摩根大通预估，2026年铜市将出现13万吨供应缺口，2026年第二季度铜价为每吨13,500美 元，第三季度为每吨13,000美元；并预期2027年铜市将转为温和过剩，因铜废料供应增加、且 ...

Group 1: Travel Industry - Sanya's airports are expected to handle a peak passenger flow of over 232,000 during the Spring Festival, with flights to major cities like Beijing and Shanghai sold out, and business class tickets nearing 10,000 yuan [2] - The Civil Aviation Administration of China has approved multiple flight increases, adding over 110 flights from Haikou to popular destinations [2] Group 2: Technology and Consumer Electronics - Apple plans to launch the iPhone Fold and iPhone 18 Pro in July, with the Fold expected to be priced around 15,000 yuan, potentially making it the most expensive iPhone ever [3] - Apple is set to hold an event on March 4, where it may unveil several new products, including the M5 Pro/Max MacBook Pro and the iPhone 17e [10] Group 3: Film Industry - China's film box office is projected to exceed 8 billion yuan in 2026, making it the highest-grossing single market globally, with the Spring Festival box office already surpassing 5.5 billion yuan [3] Group 4: Corporate Developments - Zhiyuan issued an apology regarding the GLM Coding Plan, acknowledging issues with transparency and user upgrade mechanisms, and has opened refunds for affected users [4][5] - Kimi's revenue in the past 20 days has surpassed its total revenue for the previous year, driven by a surge in global paid users and API calls, leading to a valuation of 100-120 billion yuan [9] Group 5: Financial Performance - JianTao Group expects a profit increase of over 165% for the year ending December 31, 2025, with profits projected to exceed 4.32 billion HKD due to strong demand for copper-clad laminates and related materials [14] - Wuliangye has distributed over 76.8 billion yuan in dividends over the past five years, with a planned dividend payout ratio of 70% for 2024 [7]

Core Viewpoint - The 18th Shenzhen International Battery Technology Exchange Conference/Exhibition (CIBF2026) will be held from May 13 to 15, 2026, focusing on global collaboration and high-quality development in the battery industry [1][3]. Industry Overview - CIBF2026 is expected to attract over 3,000 exhibitors and cover an exhibition area of 280,000 square meters, featuring leading companies such as CATL, BYD, and others [3]. - The event aims to shift the industry focus from scale competition to value competition, promoting high-quality development [1][3]. Forum and Activities - High-level forums will be held during the event, including discussions on advanced battery technologies and next-generation battery technologies for electric aviation, attracting over 2,000 industry experts and representatives [5]. - The forums will facilitate sharing of successful experiences and guide resources towards high-value areas, addressing the issue of low-price competition [5]. Technological Innovations - CIBF2026 will showcase cutting-edge technologies such as solid-state batteries, sodium-ion batteries, and lithium-metal batteries, along with key materials and automated production equipment [7]. - The exhibition will present a comprehensive view of the entire industry chain, from material research to recycling, accelerating the transition of technologies from laboratory to large-scale industrialization [7]. Global Market and Compliance - The event aims to create a collaborative ecosystem across the entire industry chain, serving as a connector for international cooperation, with an expected attendance of over 350,000 professional visitors from more than 50 countries [9][10]. - Special international exhibition areas will address compliance challenges posed by new regulations in the EU and the US, facilitating the entry of Chinese brands into international markets [10]. Industry Growth and Challenges - In the first 11 months of 2025, China's power and other battery production and sales reached 1,468.8 GWh and 1,412.5 GWh, respectively, with year-on-year growth exceeding 50% [10]. - The battery export volume reached 260.3 GWh, a 44.2% increase, while the export of Chinese brand new energy vehicles grew by 139%, indicating strong global demand for Chinese new energy products [11]. Strategic Importance - CIBF2026 is viewed as a barometer and accelerator for the global new energy industry, exploring the vast market potential brought by national strategies for large-scale development of new energy storage [11]. - The event is expected to enhance industry concentration and resource utilization efficiency in the short term, while promoting a healthy and sustainable new industry pattern in the long term [11].

Core Viewpoint - The article highlights the establishment and funding of the Ningde Times Innovation Laboratory, which aims to enhance technological innovation and resource integration in the lithium battery industry through government support and private enterprise collaboration [1][2]. Group 1: Funding and Support - The Fujian Provincial Finance and Science and Technology Departments allocated a total of 176 million yuan (approximately 26.5 million USD) for the construction and operation of the Ningde Times Innovation Laboratory, with 126 million yuan for construction and 50 million yuan for operation [1]. - The laboratory is the first provincial innovation lab in Fujian to be government-driven and established by a private enterprise, showcasing a model for integrating enterprise management with research and development [1]. Group 2: Research and Development Capabilities - The Ningde Times Innovation Laboratory has a research team of over 1,200 members, with 55% holding master's degrees or higher and an average age of 29, indicating a strong innovative capacity [2]. - In June, the laboratory published significant research on lithium metal battery technology in the journal "Nature Nanotechnology," providing critical technical support for the commercialization of lithium metal batteries [2]. Group 3: Management and Efficiency - To enhance the effectiveness of financial resource utilization, local authorities in Ningde will promote the rapid construction of the laboratory and ensure strict internal management in accordance with funding management guidelines [2].

Core Viewpoint - The article highlights the upcoming 2025 Lithium Battery Industry Annual Conference and the Lithium Battery Golden Tripod Award Ceremony, emphasizing the theme of "New Cycle, New Technology, New Ecology" and the significance of innovation in the lithium battery sector [2]. Event Details - The event is scheduled for December 18-19, 2025, at the Venus Royal Hotel in Shenzhen, with an expected attendance of over 1,200 participants and an online viewership of 30,000 [2]. - The first batch of sponsors and speakers includes prominent companies such as CATL, Ganfeng Lithium, and others, indicating strong industry support and participation [2]. Innovation Laboratory Funding - The Fujian Provincial Finance and Science and Technology Departments have allocated a total of 176 million yuan (approximately 25.5 million USD) to support the construction and operation of the Ningde Times Innovation Laboratory [3]. - The laboratory is the first provincial innovation lab in Fujian driven by government support and established by a private enterprise, aiming to integrate modern enterprise management with flexible research and development mechanisms [3]. Research and Development Strength - The Ningde Times Innovation Laboratory boasts a research team of over 1,200 members, with 55% holding master's degrees and an average age of 29, showcasing a strong innovative capacity [3]. - Significant research progress has been made in lithium metal battery technology, with a recent publication in the journal "Nature Nanotechnology" highlighting advancements in practical electrolyte design [3].

Core Viewpoint - LG Energy Solution reported significant growth in operating profit for Q3 2025, driven by increased production in the ESS sector and new cylindrical battery launches, despite a decline in EV soft-pack battery demand due to the expiration of U.S. subsidies [1][2]. Revenue and Profit Growth - The company achieved a consolidated revenue of 5.7 trillion KRW, a quarter-on-quarter increase of 2.4%, with operating profit rising to 601.3 billion KRW, reflecting a 22.2% increase [1][2]. - The growth in operating profit was supported by three main initiatives: increased ESS battery production, the launch of new cylindrical batteries, and ongoing cost reduction efforts [2]. Order Backlog and Supply Chain - LG Energy Solution's ESS battery order backlog reached approximately 120 GWh by the end of Q3 2025, with new residential and grid-level ESS projects contributing to this growth [3]. - In the cylindrical battery sector, the company secured new orders totaling 107 GWh for the 46 series cylindrical batteries, leading to a backlog exceeding 300 GWh [4]. North American Production and Technological Advances - The company is enhancing its ESS battery production capacity at its Michigan facility to address the demand gap left by EV soft-pack batteries [5]. - A joint venture factory with Stellantis in Canada is being upgraded, focusing on battery module production and preparing for cell production, with discussions ongoing to expand capacity into non-EV applications [6]. Future Market Expectations - Short-term EV demand may face pressure due to the expiration of subsidies, leading manufacturers to adjust their electrification strategies, while ESS markets are expected to grow robustly driven by regulatory clarity and strong demand from AI data centers [8]. - The European EV market is anticipated to maintain stable growth, supported by purchase subsidies and stringent CO₂ regulations, with ESS demand also rising due to increased renewable energy integration and efforts to reduce reliance on Chinese supply chains [8].