Core Viewpoint - Nandu Power's all-solid-state batteries utilize ultra-high nickel ternary positive electrodes and confined growth silicon-carbon negative electrode systems, achieving an energy density of 350Wh/kg and passing multiple safety tests, ensuring the batteries do not catch fire or explode [1] Company Summary - The company has developed 20Ah and 30Ah all-solid-state batteries with a capacity retention rate of over 92% after 500 complete charge-discharge cycles [1] - The all-solid-state battery products are not expected to have a significant impact on the company's performance in 2025 [1] Industry Summary - The all-solid-state battery technology is designed to meet extreme working conditions and has a wide temperature operating capability [1]

Core Viewpoint - Nandu Power has signed an independent energy storage project order with a total capacity of 2.8GWh, marking the largest semi-solid battery energy storage project globally, which signifies a key leap in the commercialization of solid-state battery technology [1][8]. Group 1: Project Details - The order consists of three independent energy storage projects with a total capacity of 2.8GWh, including a 1.2GWh project in Shenzhen and two 800MWh projects in Shanwei [1]. - Upon completion, the projects are expected to consume over 1 billion kilowatt-hours of renewable energy annually, significantly enhancing the regional grid's capacity to accept renewable energy and alleviating power supply and demand conflicts in the Guangdong-Hong Kong-Macao Greater Bay Area [1]. Group 2: Technological Innovations - The core technology supporting this super energy storage project is Nandu Power's self-developed 314Ah semi-solid battery, which utilizes "oxide solid-liquid mixed technology" and "high melting point polymer separator" to achieve significant improvements in safety and performance [3][6]. - The 314Ah semi-solid battery effectively suppresses lithium dendrite growth and reduces thermal runaway risks while maintaining ionic conductivity, providing dual guarantees for battery longevity and safety [6] [10]. Group 3: Industry Impact - This project represents the first commercial application of solid-state battery technology in a gigawatt-hour level energy storage project globally, reflecting high industry recognition of Nandu's solid-state technology and engineering capabilities [8][10]. - The large-scale commercialization of solid-state batteries is expected to drive the maturity and cost reduction of the solid-state battery industry chain, injecting strong momentum into technological upgrades within the industry [10]. Group 4: Future Developments - Nandu Power has been conducting forward-looking research since 2017 and is one of the earliest companies in China to focus on solid-state battery development, adhering to a "develop one generation, reserve one generation" strategy [10]. - By the end of 2024, Nandu Power plans to complete a key research project in Zhejiang Province, successfully developing a 30Ah all-solid-state battery that addresses the "solid-solid interface" challenge, enhancing the cycle life and rate performance of all-solid-state batteries [12]. - In April 2025, Nandu Power will launch a 783Ah ultra-large capacity solid-state battery, achieving breakthroughs in energy density and safety performance through innovative technologies [14].

Core Viewpoint - Nandu Power has signed an order for an independent energy storage project with a total capacity of 2.8 GWh, utilizing its self-developed 314Ah semi-solid state battery, marking the largest application of semi-solid battery storage globally [2] Group 1: Project Details - The order includes a 1.2 GWh project in Shenzhen and two 800 MWh projects in Shanwei [2] - The projects are expected to consume over 1 billion kWh of renewable energy annually, enhancing the grid's capacity to absorb renewable energy in the Guangdong-Hong Kong-Macao Greater Bay Area and reducing approximately 1 million tons of CO2 emissions [2] Group 2: Battery Technology - The 314Ah semi-solid state battery employs oxide solid-liquid mixed electrolyte and high melting point polymer separator technology, which suppresses lithium dendrite growth, reduces thermal runaway risks, and maintains high ionic conductivity to enhance battery safety and lifespan [2] - This project represents the first commercial application of solid-state battery technology at the GWh level, with operational data expected to support future developments [2] Group 3: Research and Development - Nandu Power began developing solid-state batteries in 2017, with a 30Ah all-solid-state battery expected to resolve the "solid-solid interface" issue by the end of 2024, improving cycle life and rate performance [2] - The 783Ah solid-state battery, set to be released in April 2025, will feature multiple technological improvements to enhance energy density and safety performance [2]

Core Viewpoint - The company has successfully signed an independent energy storage project order with a total capacity of 2.8 GWh, marking a significant milestone in the commercialization of solid-state battery technology [2][3][9]. Group 1: Project Details - The order consists of three independent energy storage projects with a total capacity of 2.8 GWh, including a 1.2 GWh project in Shenzhen and two 800 MWh projects in Shanwei [3]. - Upon completion, the projects are expected to consume over 1 billion kWh of renewable energy annually, significantly enhancing the region's ability to accept renewable energy and reducing carbon emissions by approximately 1 million tons each year [3]. Group 2: Technological Breakthroughs - The core technology supporting this major energy storage project is the company's self-developed 3 1 4Ah semi-solid-state battery, which addresses safety and performance challenges through key innovations [6][8]. - The battery utilizes "oxide solid-liquid mixed technology" and "high melting point polymer separator" to achieve significant improvements in safety and performance [6][8]. Group 3: Industry Impact - This project represents the first commercial application of solid-state battery technology in a gigawatt-level energy storage project globally, reflecting industry recognition of the company's solid-state technology and engineering capabilities [9][11]. - The large-scale commercialization of solid-state batteries is expected to drive the maturity and cost reduction of the solid-state battery supply chain, injecting strong momentum into technological upgrades in the industry [11]. Group 4: Future Developments - The company has been engaged in forward-looking research since 2017, being one of the earliest enterprises in China to focus on solid-state battery development [11]. - By the end of 2024, the company is set to complete a key research project in Zhejiang Province, successfully developing a 30 Ah all-solid-state battery that addresses the "solid-solid interface" challenge [13].

Core Viewpoint - Nandu Power has showcased its advanced energy storage solutions, including the Center L Max 8.338MWh energy storage system and various high-capacity batteries, emphasizing significant improvements in energy density and safety [1][2]. Group 1: Product Innovations - The Center L Max 8.338MWh energy storage system features a self-developed large-capacity solid-state battery, achieving a 167% increase in energy density compared to conventional systems [1]. - The 30Ah solid-state battery has an energy density of 350Wh/kg and has passed multiple safety tests, ensuring it does not catch fire or explode [1]. - The 587Ah energy storage battery boasts an energy density greater than 430Wh/L, a cycle life of up to 15,000 times, and an energy efficiency exceeding 96% [1][2]. Group 2: Manufacturing Techniques - Nandu Power employs a stacking process for battery production, which enhances energy density and maintains structural integrity, avoiding stress concentration issues found in traditional winding processes [2][3]. - The 783Ah energy storage battery also utilizes the stacking technique, improving space utilization and energy density while ensuring low internal resistance [3]. Group 3: Market Positioning - Nandu Power's focus on safety and performance through innovative manufacturing techniques positions it favorably in the growing energy storage market, where demand for higher capacity and safety standards is increasing [2].

1994 年成立的 南都电源 已经在电池行业混了三十年之久，经历多轮浮浮沉沉，自然懂得一个道理：越是行业情况不好，越要用产品征服市 场。 南都电源也准备开启 A+H 模式。 起点锂电从南都电源公众号获悉，目前南都电源正式启动港股上市事项，此次赴港上市不仅是资本运作的突破，更是迈向国际化、实现跨越式 发展的关键一步。 目前该计划尚未有更多细节披露，亦 不会导致公司控股股东和实际控制人发生变化 ， 具体方案确定后需提交公司董事会和股东大会审议， 再去相关 监管机构 进行 审核。 今年锂电企业港股上市成为一股风潮，一批 A 股上市失败的企业转而港股上市，另一批已经 A 股上市的企业希望开始 A+H 模式，还有个别 公司拆分旗下子公司进行 A+H ，且这一势头也蔓延到了其他行业，据统计 近 40 家 A 股公司 正在筹划双上市目标。 01 不惧业绩下滑，频繁迭代产品 所以今年以来，南都电源的产品迭代异常频繁。 首先来看储能领域， 4 月 10 日南都电源在公开场合全新发布标准 20 尺单箱 8.338MWh 储能系统 Center L Max ，引领储能行业进入 8MWh 时代。 Center L Max 8.338 ...

Group 1: Battery Industry Developments - CATL plans to advance its listing in Hong Kong this quarter despite expected market volatility due to trade tensions, with details such as fundraising amounts still to be finalized [2] - Nandu Power recently showcased its 30Ah all-solid-state battery, which features a high nickel ternary positive electrode and silicon-carbon negative electrode, achieving an energy density of 350Wh/kg and maintaining over 92% capacity after 500 charge-discharge cycles [3] - The first batch of energy efficiency grading results for pure electric passenger vehicles was released, covering 12 mainstream models, with 8 domestic and 3 joint venture models receiving "一级能效" ratings [4] Group 2: Material and Investment Adjustments - Rongbai Technology announced a reduction in its planned annual production capacity for its lithium battery materials project from 60,000 tons to 30,000 tons, with the first phase already completed [4] - Jinpu Titanium Industry announced the termination of its investment in a 200,000-ton lithium iron phosphate project due to the current financial status of its subsidiary and the project's postponement [6] Group 3: International Developments - ICL announced the opening of the first lithium iron phosphate battery material pilot production base in the U.S., located in St. Louis, Missouri, with an investment of $20 million and a pilot manufacturing capacity of 1-ton level [9]

Core Viewpoint - Nandu Power has launched the world's first 30Ah all-solid-state battery with an energy density of 350Wh/kg, utilizing innovative technologies to reduce costs and enhance performance, positioning itself as a strong competitor in the solid-state battery market [1][12]. Group 1: Technology Innovations - The core technology of Nandu Power's solid-state battery lies in the "sandwich electrolyte" design, which reduces interfacial resistance by 30% and maintains 80% capacity after 2000 cycles, equating to five years of daily use [1]. - The "dry electrode" process eliminates the need for solvents, increasing production efficiency by 20% and reducing costs by 15% [2]. - The production line achieves a cost of 0.8 yuan per kWh, which is half the cost of competitors like CATL [3]. Group 2: Market Strategy - Nandu Power focuses on niche markets such as drones and low-altitude aircraft, rather than competing directly in the electric vehicle sector [6]. - Their solid-state batteries significantly enhance drone performance, increasing range from 120 km to 200 km and maintaining functionality in extreme cold [6]. - In the energy storage sector, they offer a 783Ah storage cell that can store 2.5 kWh and maintain 95% capacity after 15,000 cycles, effectively doubling the lifespan compared to competitors [7][8]. Group 3: Material and Production Efficiency - Nandu Power reduces costs by substituting expensive materials, using silicon-carbon anodes to cut anode costs by 40% and lowering cobalt content in cathodes to 5% [9]. - The production equipment has been modified to reduce investment costs by 20% while achieving a 98% yield rate [11]. - The company has developed a roll-to-roll production machine in collaboration with Zhejiang University, which directly prints electrolyte films, eliminating the need for separators and liquid electrolytes [10]. Group 4: Competitive Landscape - Nandu Power's stock has surged by 200% in three months, prompting CATL to expand its sulfide electrolyte research team [12]. - Nandu Power holds 11 core patents related to solid-state battery technology, creating significant barriers for competitors [13]. - A major drone manufacturer has successfully tested Nandu Power's batteries, achieving a flight time increase from 45 minutes to 72 minutes, showcasing superior safety and performance [14]. Group 5: Strategic Partnerships and Market Potential - Nandu Power has formed a strategic agreement with Taiblue New Energy to develop hybrid electrolyte batteries targeting an energy density of 400Wh/kg by 2026 [18]. - The company has partnered with Lian De Equipment to develop the world's first dedicated production line for dry electrodes, significantly reducing equipment costs [19][20]. - Institutional investors have shown strong interest, with Hillhouse Capital investing 1.5 billion yuan, highlighting a gross margin of 29% for Nandu Power's solid-state batteries, which is 20 percentage points higher than traditional lithium batteries [22].

Core Viewpoint - The article highlights the advancements and innovations in the energy storage industry showcased at the 15th China International Energy Storage Conference and Exhibition (CIES2025), emphasizing the diverse solutions and products presented by various companies in the sector [1]. Group 1: Company Innovations - China Electric Equipment Group presented a comprehensive energy storage solution ecosystem, including commercial storage products and a large-capacity storage battery cabin with a capacity of 5.511MWh, achieving a 10% increase in energy density compared to mainstream solutions [2][4]. - China Energy Construction showcased a compressed air energy storage system with six core advantages, including high-efficiency air turbine generation and digital collaborative control technology [6]. - China Mobile Energy exhibited various products, including a commercial lithium battery storage cabinet with specifications of 100kW/215kWh, featuring advanced safety measures and a dynamic battery network [7][10]. - South Power introduced a 30Ah all-solid-state battery with an energy density of 350Wh/kg and a capacity retention rate of over 92% after 500 cycles [11][13]. - Yiwei Lithium Energy displayed the Mr.Big MB56 large lithium storage cell, the first in the industry to achieve mass production with a capacity of over 600Ah [14][16]. Group 2: System Solutions - Zhi Guang Energy presented a GW-level grid-connected high-voltage energy storage system with a total capacity of 500MW, utilizing a unique modular architecture [17][19]. - Haihuo Ronghua introduced the CPower7 series of all-vanadium flow batteries, suitable for various applications including peak shaving and emergency power supply [20][23]. - Qidian Energy focused on user-side and long-duration energy storage, showcasing four flagship products designed for different applications [21][24]. - Pioneering Technology displayed a 6.9MWh battery container and various commercial storage products, emphasizing safety and modular design [26][28]. Group 3: Emerging Technologies - Xuchang Electric showcased a series of commercial energy storage integrated machines with a system conversion efficiency exceeding 86% and multiple operational modes [29][31]. - Bosh Energy presented the Wind Cooling Energy Cube 3.0, a modular commercial energy storage system with high energy density and intelligent management features [32][34]. - Yilai Nova exhibited several innovative products, including all-in-one liquid-cooled storage cabinets with advanced temperature control strategies [35][37]. - Changfeng Green Energy launched the second-generation Lingxi series of integrated solar storage products, featuring a long cycle life and high protection ratings [38][40]. Group 4: Market Trends and Future Outlook - The article indicates a growing trend towards zero-carbon energy systems, with companies like China Mobile Energy developing solutions for extreme cold scenarios [10]. - The upcoming 2025 Global User-side Energy Storage Industry Value Summit aims to connect over 3,000 target users and 200,000 professional visitors, highlighting the industry's potential for growth and innovation [1][87].